Managing your checking account
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
Interest Rates
Fed chair says rate cuts unlikely in 2023
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
Fed is boosting rates again. What it means for your wallet.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Fed hikes key interest rate for seventh time this year
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Stocks fall following latest rate hikes
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
Tackling student loans amid high interest rates
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
Seventh interest rate hike of 2022 expected
For the seventh time this year, the U.S. Federal Reserve is expected to increase interest rates, putting things like mortgages and credit cards in flux. Ayelet Sheffey, senior economic policy reporter with Business Insider, joins CBS News to talk about how it will affect Americans.
Inflation slows ahead of Fed meeting
The Labor Department reported Tuesday that the Consumer Price Index rose 7.1% over the last 12 months, the slowest rate of inflation since December of 2021. William Lee, chief economist for the Milken Institute, joined CBS News to discuss the latest data.
Inflation cooled in November for fifth month
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
Wholesale prices rose in November
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
U.S. gas prices now lower than 1 year ago
Gas prices continue to fall and are now lower than they were one year ago. While plunging gas prices have provided some relief, Americans are still facing stubbornly high inflation. Kris Van Cleave takes a look.
China's trade takes a dive
China's trade is suffering its worst slump in nearly three years. The drop announcement comes as China rolls back its stringent COVID-19 policies following widespread protests. Marley Kayden, a business reporter and professor for DePaul University, joins CBS News to discuss how pulling back these policies could impact the Chinese economy. She also weighs in on what's expected at the Federal Reserve's next meeting.
Stocks fall with another rate hike expected
The Dow plunged over 480 points Monday as investors remain fearful the Federal Reserve could drive the economy into a recession with additional interest rate hikes. Dory Wiley, president and CEO of Commerce Street Holdings, joined CBS News' Lilia Luciano on the implications of the Fed's next move.
Stock market slides after jobs report
The U.S. added more than 260,000 jobs in November despite the Federal Reserve's efforts to cool off the economy by raising interest rates. J.D. Durkin, host of "TheStreet," joins CBS News from the floor of the New York Stock Exchange to discuss investors' reaction to the new report.
U.S. adds 263,000 new jobs in November
CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite.
Fed hints at slower interest rate hikes
Federal Reserve Chair Jerome Powell said Wednesday that the Fed could slow interest rate hikes as soon as December. Larry Adam, chief investment officer at Raymond James, joined CBS News to discuss Powell's comments and what it could mean for the economic outlook.
U.S. economy sees growth in Q3
Ryan Payne, president of Payne Capital Management, joined CBS News to discuss the latest U.S. economic indicators and what the third-quarter rise in the GDP means for consumers and the economy.
Home sales decline for ninth straight month
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
Americans delaying financial milestones
From the coronavirus pandemic to inflation, Americans have spent the last two-and-a-half years delaying big purchases and even avoiding events due to economic uncertainty. Ted Rossman, senior industry analyst at Bankrate, joins CBS News to discuss a new survey that shows where people are cutting back.
Biden-Xi meeting gives hope to global economy
The meeting between President Biden and Chinese President Xi Jinping was seen as a good sign by traders who bet on the markets. Eswar Prasad, the Tolani senior professor of trade policy at Cornell University, joined CBS News' John Dickerson to discuss what the talks mean for the world economy and more.
European markets drop after Truss' resignation
European markets have been taking direct hits following the resignation of British Prime Minister Liz Truss. The continent was already facing record-high inflation and interest rate hikes, similar to the U.S. Akin Oyedele, investing deputy editor at Business Insider, joined CBS News' Catherine Herridge to discuss.
Concerns about inflation and interest rates
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
Impact of latest interest rate hike on Americans
CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News' Catherine Herridge to discuss this week's edition of "Face the Nation." They break down the Federal Reserve's latest interest rate hike and preview an upcoming exclusive interview with Ukrainian President Volodymyr Zelenskyy.
U.S. consumer prices rose
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Stocks could rise following midterm elections
Historically, the stock market sees a considerable rise in the year following the midterms. Marley Kayden, business reporter and professor at DePaul University, joins CBS News to discuss investors' expectations for the 2022 elections and what we should anticipate from the market.
Live
Iran insists it's ready for a new U.S. attack as Trump arrives in China
Iran's military says it's trained and ready for any new U.S. assault as Trump predicts a "long talk" about the war with China's President Xi in Beijing.
Court overturns Alex Murdaugh's murder convictions, orders new trial
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Exclusive
Netanyahu made secret visit to UAE to meet with country's president
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country's president.
How much sway will new Fed Chair Kevin Warsh have over interest rates?
Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.
Amid fraud probe, Medicare pauses new enrollments for hospice providers
The Trump administration announced Wednesday that it would be put a six-month moratorium on new Medicare enrollments by hospice and home health agencies to target fraud.
Convicted Utah author's son reveals new details about night his dad died
Prosecutors said Kouri Richins laced her husband's cocktail with five times the lethal dose of fentanyl in 2022.
Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
Exclusive
House leaders to take action on process for sexual misconduct claims
Speaker Mike Johnson and Minority Leader Hakeem Jeffries are preparing to announce a bipartisan task force aimed at addressing how sexual misconduct claims are handled within the House of Representatives, multiple sources confirm to CBS News.
U.S.
More U.S.
Senate confirms Kevin Warsh as Fed chair as Trump presses for lower rates
The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.
Exclusive
House leaders to take action on process for sexual misconduct claims
Speaker Mike Johnson and Minority Leader Hakeem Jeffries are preparing to announce a bipartisan task force aimed at addressing how sexual misconduct claims are handled within the House of Representatives, multiple sources confirm to CBS News.
Exclusive
Netanyahu made secret visit to UAE to meet with country's president
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country's president.
Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
MoneyWatch
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How much sway will new Fed Chair Kevin Warsh have over interest rates?
Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.
Senate confirms Kevin Warsh as Fed chair as Trump presses for lower rates
The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.
Top U.S. CEOs worth nearly $1 trillion accompany Trump to China
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Will Trump seek investment to join China in a "dark factory" future?
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
Businesses starting to receive their IEEPA tariff refunds
"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.
Politics
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Lawmakers seek crackdown on China-owned U.S. farmland
President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
How much sway will new Fed Chair Kevin Warsh have over interest rates?
Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.
Senate confirms Kevin Warsh as Fed chair as Trump presses for lower rates
The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.
Kemp calls special legislative session to redraw Georgia's congressional map
Georgia lawmakers will return to the Capitol on June 17 for a special session focused on redistricting.
Exclusive
House leaders to take action on process for sexual misconduct claims
Speaker Mike Johnson and Minority Leader Hakeem Jeffries are preparing to announce a bipartisan task force aimed at addressing how sexual misconduct claims are handled within the House of Representatives, multiple sources confirm to CBS News.
HealthWatch
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Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
Sponsored
How diet and nutrition may help boost your brain health
Alzheimer's Association CEO and president Joanne Pike shares some recommendations on which foods to eat, and which foods to limit, for better brain health. (Sponsored by the Alzheimer's Association.)
Sponsored
How can movement boost your brain health?
A recent survey by the Alzheimer's Association found most adults think maintaining brain health is very important, but they don't know what steps to take. (Sponsored by the Alzheimer's Association.)
Sponsored
How exercise can improve brain health
Daily physical activity is one of the important steps to building healthy habits to lower the risk of dementia. As part of a three-part series, "Brain Health: From Awareness to Action," Alzheimer's Association President and CEO Joanne Pike joins "CBS Mornings" with tips on incorporating exercise into your routine as part of their "(re)think your brain" initiative. Learn more about their "6-Step Challenge" at rethinkyourbrain.org (Sponsored by the Alzheimer's Association)
Exclusive
Parents sue OpenAI over teen's death after he used ChatGPT to get drug info
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
World
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Lawmakers seek crackdown on China-owned U.S. farmland
President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
Exclusive
Netanyahu made secret visit to UAE to meet with country's president
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country's president.
Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Bear kills worker at uranium mining facility in Canada
A black bear killed a man working for a Canadian uranium exploration and acquisition company in Saskatchewan.
Princess Kate visits Italy on first overseas trip after cancer treatment
Catherine, the Princess of Wales, is in Italy for her first foreign trip after undergoing cancer treatment.
Entertainment
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Entertainment
Geena Davis talks new series "The Boroughs"
Actor Geena Davis talks about starring in the new series "The Boroughs," if there are parallels between herself and the character she plays, and why she's drawn to supernatural projects. She also addresses representation in the entertainment industry.
"Top Gun" celebrates 40 years
The action movie "Top Gun," starring Tom Cruise, was released 40 years ago. To celebrate its anniversary, the film and its sequel, "Top Gun: Maverick," are returning to AMC theaters nationwide for one week. Vladimir Duthiers reports.
Stars of "Dutton Ranch" on reprising roles
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Dua Lipa alleges Samsung uses copyrighted image of her to sell TVs
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
Annette Bening talks "Dutton Ranch"
Annette Bening talks about starring in the "Yellowstone" spinoff "Dutton Ranch," why she wanted to play her character and learning to ride a horse for the role.
Technology
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Technology
The good behind the rise of AI
Josh Tyrangiel, a producer, journalist and author, breaks down the potentially positive uses of artificial intelligence amid concerns. Tyrangiel explains how AI can help solve meaningful problems and breaks down its use in schools.
OpenAI CEO Sam Altman testifies at trial
In federal court on Tuesday, OpenAI CEO Sam Altman testified about his leadership and pushed back against claims made by co-founder Elon Musk. Musk, who has since launched his own AI company, is suing Altman and OpenAI, claiming it flipped its original structure as a neutral nonprofit in favor of a for-profit business.
How AI powered robots are helping small farms
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.
White House invites business titans on China trip
The White House invited 16 top U.S. executives to join President Trump on his trip to China. CBS News contributor Patrick McGee joins "The Takeout" to discuss what the move could signal to Beijing.
Latest details on Musk-OpenAI court battle
OpenAI CEO Sam Altman took the stand on Tuesday to defend himself against a lawsuit brought by his former business partner, Elon Musk. Paresh Dave, senior writer for Wired, joins to unpack the case so far.
Science
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Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Crime
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Crime
Court overturns Alex Murdaugh's conviction
The South Carolina Supreme Court overturned the murder convictions against Alex Murdaugh and ordered a new trial. Murdaugh was found guilty in 2023 of killing his wife and son in 2021. The court questioned "improper" conduct by the county clerk, Becky Hill, who later wrote a book about her time working on the trial. CBS News legal contributor Jessica Levinson has more.
Court overturns Alex Murdaugh's murder convictions, orders new trial
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Judge shot dead while heading to gym without her bodyguards
Lady Pachar was shot that day while traveling by car to a gym in the southwestern city of Machala.
Convicted Utah author's son reveals new details about night his dad died
Prosecutors said Kouri Richins laced her husband's cocktail with five times the lethal dose of fentanyl in 2022.
New details about Boston-area highway gunman
The suspect who allegedly fired into a major road near Boston had prior criminal convictions. Jericka Duncan reports on new details about the shooting and the suspect.
Space
More Space
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Senate confirms Kevin Warsh as next Fed chair
Kevin Warsh was confirmed by the Senate on Wednesday as the next Federal Reserve chair. Warsh will succeed Jerome Powell, whose term ends Friday. CBS News' Caitlin Huey-Burns has more.
Watch: Vance asked about 2028, Rubio
Vice President JD Vance was asked Wednesday about a potential 2028 pairing with Secretary of State Marco Rubio on a run for president. See the moment.
Murkowski joins Democrats in latest war powers vote
GOP Sen. Lisa Murkowski voted with Democrats Wednesday in the latest attempt to limit President Trump's ability to use military force against Iran. The vote failed 50-49. CBS News congressional correspondent Caitlin Huey-Burns reports.
things to know ahead of Trump-Xi meeting
President Trump arrived in Beijing on Wednesday for a high-stakes meeting with Chinese President Xi Jinping. CBS News' Anna Coren and Nancy Cordes have more.
Netanyahu confirms secret visit to UAE
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, his office confirmed Wednesday. CBS News Middle East contributor Courtney Kealy has more.