Federal Reserve holds rates steady. Here's the financial impact.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why this actually might be good news for those looking for lower interest rates.
JPMorgan Chase beat expectations in the first quarter of 2024, reporting an increase in both profits and revenues. CEO Jamie Dimon says the numbers are strong, but he warns that uncertainties like inflation and war pose potential threats for the future. CBS News contributor Javier David has more.
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
"You can kiss a June interest rate cut goodbye," one analyst said of the latest CPI numbers showing stubborn inflation.
The March consumer price index indicates a third straight month of price increases, a sign the U.S. economy is still dealing with inflation. Prices in March rose 3.5% on an annual basis. CBS News senior business and tech correspondent Jo Ling Kent breaks down the data.
Younger generations are showing a willingness to buy higher priced items when it comes to groceries, according to a report from McKinsey and Company. CBS News contributor Javier David, managing editor of business and markets at Axios, has more on the trend.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Economists say Americans should be more upbeat about the economy given strong job growth and lower inflation.
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Fast food workers in California will now earn a minimum of $20 an hour. CBS News correspondent Carter Evans has more details. Then, economy and labor journalist Margot Roosevelt joins to discuss what the wage changes mean for the industry and Californians.
Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.
President Biden is wrapping up a Southwest trip to Nevada and Arizona. There, he highlighted his economic policies and appealed to Latino voters. CBS News' Fin Gómez and Weijia Jiang have more.
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
In a move to combat rising inflation, interest rates have soared to their highest in nearly a quarter-century. The Federal Reserve is concluding a two-day policy meeting today. Their decisions could significantly impact borrowing costs for consumers.
The department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
The bill is likely to fail for a second time, but Democrats will try to use Republicans' resistance to shift the narrative on border security in their favor.
A strong wind gust toppled the stage at a campaign rally for a longshot Mexican presidential candidate, killing at least nine and injuring dozens, officials said.
A Thai hospital treating people injured by turbulence on the Singapore Airlines flight from London says 20 remain in intensive care.
The former presidential candidate said she will vote for former President Donald Trump in November.
The grizzly bit into the 35-year-old man's can of bear repellent and was hit with a burst of it, causing the animal to flee.
Trump's attorneys and aide Walt Nauta sparred with prosecutors during hearing in case involving Trump's handling of classified records.
Climber Phunjo Lama reached the top of Everest, the world's tallest peak, in just 14 hours and 31 minutes – a feat that typically takes people days.
Charlie Colin, a founding member and former bassist of the band Train, died at 58, his sister confirmed to CBS News.
The grizzly bit into the 35-year-old man's can of bear repellent and was hit with a burst of it, causing the animal to flee.
The bill is likely to fail for a second time, but Democrats will try to use Republicans' resistance to shift the narrative on border security in their favor.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
Trump's attorneys and aide Walt Nauta sparred with prosecutors during hearing in case involving Trump's handling of classified records.
The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
The postal service has allegedly fired mail carriers in at least seven states after they reported getting hurt while on the job.
Remote work helped drive an additional $375 billion in online spending last year, report shows.
Other athletes being turned into Barbie include Canadian soccer player Christine Sinclair and French boxer Estelle Mossely.
The air travel service rolls out "white paw treatment" for dogs. Human passengers come second.
The bill is likely to fail for a second time, but Democrats will try to use Republicans' resistance to shift the narrative on border security in their favor.
A strong wind gust toppled the stage at a campaign rally for a longshot Mexican presidential candidate, killing at least nine and injuring dozens, officials said.
The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
Trump's attorneys and aide Walt Nauta sparred with prosecutors during hearing in case involving Trump's handling of classified records.
Hunter Biden's California tax fraud trial was originally scheduled to take place in June.
Singer and actor Nick Jonas says these three things help him take care of his mental health as part of his Type 1 diabetes management.
A Michigan farmworker has been diagnosed with bird flu after being in contact with cows presumed to be infected, state health officials announced in a statement Wednesday.
A firefighting foam known as AFFF contains PFAS, also known as "forever chemicals," that have been linked to cancer.
Actor Taye Diggs is opening about a mental health condition that has affected his younger sister Christian: schizophrenia, which impacts how a person thinks, feels and behaves.
Vital Pursuit will include whole-grain bowls, protein pasta, sandwich melts and gluten-free options.
A Thai hospital treating people injured by turbulence on the Singapore Airlines flight from London says 20 remain in intensive care.
Climber Phunjo Lama reached the top of Everest, the world's tallest peak, in just 14 hours and 31 minutes – a feat that typically takes people days.
A strong wind gust toppled the stage at a campaign rally for a longshot Mexican presidential candidate, killing at least nine and injuring dozens, officials said.
A death and multiple injuries aboard a Singapore Airlines flight have drawn attention to the dangers turbulence can pose.
The son of a wealthy businessman in India, accused of killing 2 people in a Porsche, was initially told he'd be bailed if he wrote a short essay and spent some time with local police.
Charlie Colin, a founding member and former bassist of the band Train, died at 58, his sister confirmed to CBS News.
Jeremy Renner is returning to "Mayor of Kingstown" after taking some time to recover after a near-fatal snowplow accident last year.
Lenny Kravitz tells "CBS Mornings" co-host Gayle King about times he still feels like a "16-year-old kid trying to get the record deal."
Actor Jeremy Renner joins "CBS Mornings" to talk about his return to the hit show "Mayor of Kingstown" following a snowplow accident that nearly took his life. Renner stars as Mike McLusky in the Paramount+ crime drama, which follows a family of power brokers working to bring order and justice to a town dependent on the prison system.
Commuters in a London train station are being surprised with performances from some of the biggest names in music. It all started with the donation of a piano from Elton John, who wanted to spread a little joy to people passing through. "CBS Mornings" sent cameras to St. Pancras International station in London to find out what the hype is all about.
Nebraska sued social media giant TikTok and its parent company ByteDance, claiming the platform targets minors with "addictive design" and alleging it's "fueling a youth mental health crisis."
The FCC is introducing a proposal to require political advertisers to disclose when they use Ai-generated content in broadcast TV and radio ads.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
Actress Scarlett Johansson demanded that OpenAI stop using an AI-generated voice that she says sounds like her own and was developed without her permission. Intellectual property attorney Joseph Lawyer joins to break down the dispute.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
The National Oceanic and Atmospheric Administration released new 2024 weather outlooks for the summer. CBS News Chicago meteorologist David Yeomans breaks down how the predictions may be connected to climate change.
The Environmental Protection Agency is urging water systems to take immediate actions to protect the nation's drinking water from cyberattacks. CBS News homeland security and justice reporter Nicole Sganga joins to discuss.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
The Drug Enforcement Administration says it seized over 79 million fake pills containing fentanyl in 2023, a more than 33% increase from the year before. To combat the crisis, officials are cracking down on drug traffickers by targeting online retailers selling pill presses. CBS News homeland security and justice reporter Nicole Sganga explains.
The family members of Uvalde school shooting victims announced Wednesday a $2 million settlement with the Texas city. Law enforcement agencies who responded to the 2022 mass shooting at Robb Elementary School have come under scrutiny for their actions during the attack. Josh Koskoff, a lawyer representing the victims' families, spoke at a press conference.
The son of a wealthy businessman in India, accused of killing 2 people in a Porsche, was initially told he'd be bailed if he wrote a short essay and spent some time with local police.
A gunman killed at least two people and wounded several others Wednesday morning in Chester, Pennsylvania, a city outside Philadelphia. CBS News Philadelphia reported from the scene and interviewed District Attorney Jack Stollsteimer.
A suspect is in custody after five people were shot, two fatally, in a workplace shooting today at Delaware County Linen in Chester, Pennsylvania, the DA said.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
May's full moon will peak on Thursday morning, but the Flower Moon already appears full.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
NASA ruled out a planned Saturday launch of Boeing's Starliner to allow more time for analysis of a small, but persistent helium leak in the ship's propulsion system.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
GPS Renewables co-founders Mainak Chakraborty and Sreekrishna Sankar are innovatively using technology to convert waste into bioenergy
SunGrid Solutions spearheads the energy transition with best-in-class energy storage systems. CEO Jody Snodgrass highlights the innovative leadership team and their unmatched EPC integration process for efficient and bankable renewable energy.
Millionaire Forrest Fenn hid a gold-filled chest somewhere in the Rockies and wrote a poem with cryptic clues. Tens of thousands searched for it and five people died trying. A story of obsession. "CBS This Morning" co-host Tony Dokoupil reports for "48 Hours" Saturday, May 25, 2024, at 10/9c on CBS and Paramount+.
Chinese President Xi Jinping and Russian President Vladimir Putin stood side by side last week declaring the strength of their partnership while condemning what they called a "destructive and hostile" U.S. Anne Applebaum, staff writer at The Atlantic, joins CBS News to examine how U.S. adversaries are working to undermine to the concept of Western democracy.
The Drug Enforcement Administration says it seized over 79 million fake pills containing fentanyl in 2023, a more than 33% increase from the year before. To combat the crisis, officials are cracking down on drug traffickers by targeting online retailers selling pill presses. CBS News homeland security and justice reporter Nicole Sganga explains.