Investors mull latest interest rate hike
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
Janet Yellen
What to expect from today's Fed meeting
The Federal Reserve will decide whether it needs to boost interest rates again at a meeting Wednesday. Inflation still remains high, but the nation's recent banking crisis is causing concern over how the Fed should respond. CBS News senior White House and political correspondent Ed O'Keefe has more, and then Ann Berry, the founder of Threadneedle Strategies, joins CBS News to discuss the next steps for the Fed.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
Yellen tries to ease concerns
Treasury Secretary Janet Yellen said the federal government is ready to give banks more support if needed. Wall Street Journal economic reporter Andrew Ackerman joins CBS News to discuss.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
White House tries to ease banking fears
The Federal Reserve is expected to announce another round of interest rate hikes while simultaneously dealing with a major banking crisis. Ed O'Keefe joins "CBS News Mornings" to explain how the White House is trying to ease concerns.
Yellen: We have plan in place in case more banks fail
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
3/16: Red and Blue
Janet Yellen testifies before Senate Finance Committee; Pence faces New Hampshire voters after criticizing Trump about Jan. 6.
Stocks rebound as Yellen testifies on banks
All three major stock indexes ended Thursday in positive territory. Treasury Secretary Janet Yellen testified before the Senate Banking Committee, and the nation's biggest banks committed $30 billion to shore up First Republic Bank. CBS News congressional correspondent Scott MacFarlane joins John Dickerson to discuss.
Large U.S. banks come to rescue of First Republic
Eleven large banks have agreed to provide $30 billion to California-based First Republic Bank, which has been struggling following last week's collapse of Silicon Valley Bank. This comes as Treasury Secretary Janet Yellen appeared before the Senate Finance Committee and tried to alleviate concerns regarding the viability of the U.S. banking system. Scott MacFarlane has the latest.
Yellen testifies on strength of banking system
Treasury Secretary Janet Yellen told a Senate hearing that the nation's banking system "remains sound" in the wake of the country's second largest bank collapse. And major banks committed $30 billion to shore up First Republic Bank. CBS News congressional correspondent Scott MacFarlane and CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan join "Red and Blue" to discuss the latest on the banking situation.
Rescue plan announced for First Republic Bank
A group of 11 major banks were working on a $30 billion rescue plan for First Republic Bank on Thursday. Also, Treasury Secretary Janet Yellen told senators the banking system "remains sound" in the wake of the recent failures of Silicon Valley Bank and Signature Bank. Robert Schein, chief investment officer for Blanke Schein Wealth Management, joined Elaine Quijano and Lana Zak to discuss.
Yellen reaffirms strengths of banking system
U.S. Treasury Secretary Janet Yellen says the nation's banking system remains safe despite two regional banks collapsing in the past week. Her comments come as First Republic Bank shares plummeted to start the day. Bill Eisen, a banking reporter for the Wall Street Journal, joins CBS News to discuss what it for the U.S. banking system.
Yellen tells Senate panel nation's "banking system is sound"
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
U.S. backs deposits after bank collapse
Some regional banks halted trading Monday after the collapse of Silicon Valley Bank and Signature Bank. The federal government said depositors will not lose their money. CBS News national correspondent Errol Barnett reports on the fallout from Santa Clara, California.
Treasury Secretary Janet Yellen
Watch the full version of an interview with Treasury Secretary Janet Yellen that aired on March 12, 2023 on "Face the Nation with Margaret Brennan."
Regulators close New York's Signature Bank
All depositors will be made whole, the Federal Reserve, Treasury Department and FDIC said Sunday in a joint statement.
Yellen rules out bailout for SVB
Treasury Secretary Janet Yellen called the Silicon Valley Bank failure a "concern," but she emphasized that there would not be a bailout. "We're not going to do that again," she told "Face the Nation."
Open: This is "Face the Nation with Margaret Brennan," March 12
This week on "Face the Nation with Margaret Brennan," an exclusive interview with Treasury Secretary Janet Yellen, plus Democratic Rep. Ro Khanna and House Foreign Affairs committee chair Republican Rep. Michael McCaul.
3/12: Face The Nation
This week on "Face the Nation with Margaret Brennan," an exclusive interview with Treasury Secretary Janet Yellen, plus Democratic Rep. Ro Khanna and House Foreign Affairs committee chair Republican Rep. Michael McCaul.
Yellen rules out bailout for SVB: "We're not going to do that again"
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
Yellen calls Republican plan to prioritize payments "default by another name"
The Treasury Department has been using so-called extraordinary measures to keep paying the bills since the government hit the debt limit in January.
Russian forces intensify Bakhmut offensive
Russian forces are intensifying their offensive in eastern Ukraine as they attempt to encircle the mining city of Bakhmut. Ukraine's military says the situation on the ground is "extremely tense." CBS News foreign correspondent Imtiaz Tyab joined Anne-Marie Green on "CBS News Mornings" with the latest from Ukraine.
Biden to announce more sanctions on Russia
President Biden is expected to announce new sanctions on Russia, and administration officials are warning any countries that help Russia evade those economic sanctions will face consequences as well. Deputy Treasury Secretary Wally Adeyemo joins CBS News to explain the administration's plans, and why he's confident the sanctions are successful despite some saying there hasn't been the impact they had hoped.
Stefanik to rebuke Biden and praise Trump in address to Israeli parliament
GOP Rep. Elise Stefanik of New York excoriated Biden over a paused weapons shipment to Israel in her address to the Knesset.
Dali set to be refloated Monday, nearly 8 weeks after Key Bridge collapse
Dali, the cargo ship that crashed into the Francis Scott Key Bridge in Baltimore before its collapse, is set to be refloated Monday after weeks of salvage efforts requiring the use of giant floating cranes and explosives.
Rudy Giuliani served indictment in Arizona fake elector case
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
Disneyland's character performers vote to unionize
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Alice Stewart, CNN political commentator, dies at 58
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
WNBA investigating $100,000 annual sponsorships for Las Vegas Aces players
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
Seize the Grey wins the 149th Preakness Stakes
Seize the Grey crossed the finish line first in the Preakness Stakes on Saturday, ending Mystik Dan's Triple Crown bid.
Meet the fashion designer who dresses the world's biggest boxers
From his fashion studio on the Welsh coast, Imtayaz Qassim creates some of the most distinctive outfits worn by the world's most famous boxers
Houthi missile strikes Greek-owned oil tanker in Red Sea, U.S. says
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
U.S.
More U.S.
Disneyland's character performers vote to unionize
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Was death of a doctor's wife an accident or staged to look like one?
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Alice Stewart, CNN political commentator, dies at 58
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
Rudy Giuliani served indictment in Arizona fake elector case
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
WNBA investigating $100,000 annual sponsorships for Las Vegas Aces players
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
MoneyWatch
More MoneyWatch
Samsung trolls Apple after failed iPad Pro "crush" ad
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Chevy Bolt owners win $150 million settlement after EVs caught fire
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok says it's testing letting users post 60-minute videos
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Mercedes-Benz workers in Alabama vote against joining the UAW
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
Politics
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Stefanik to rebuke Biden and praise Trump in address to Israeli parliament
GOP Rep. Elise Stefanik of New York excoriated Biden over a paused weapons shipment to Israel in her address to the Knesset.
Alice Stewart, CNN political commentator, dies at 58
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
Rudy Giuliani served indictment in Arizona fake elector case
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
Houthi missile strikes Greek-owned oil tanker in Red Sea, U.S. says
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
IRS whistleblowers ask judge to toss Hunter Biden lawsuit against the tax agency
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
HealthWatch
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Map shows states where COVID is "likely growing"
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
Bill to ban most public mask wearing advances in North Carolina
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
What is hypochlorous acid? The trendy skin care ingredient, explained
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Walmart chia seeds sold nationwide recalled due to salmonella
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
Surgery patients at lower risk with women doctors, more research shows
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
World
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Stefanik to rebuke Biden and praise Trump in address to Israeli parliament
GOP Rep. Elise Stefanik of New York excoriated Biden over a paused weapons shipment to Israel in her address to the Knesset.
Houthi missile strikes Greek-owned oil tanker in Red Sea, U.S. says
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
Israeli War Cabinet member says he'll quit unless new war plan adopted
The announcement escalates a divide within Israel's leadership.
Pakistani nationals studying in Kyrgyzstan asked to stay indoors after attacks
According to local media, the violence began last week following a clash between Kyrgyz people and foreigners in Bishkek, Kyrgyzstan.
Armed robbers hit luxury jewelry store in Paris
French police are hunting for armed robbers who hit a jewelry store on one of Paris' poshest streets.
Entertainment
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Disneyland's character performers vote to unionize
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
The Avett Brothers perform "Forever Now"
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Forever Now".
The Avett Brothers perform "Country Kid"
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Country Kid".
The Avett Brothers perform "Orion's Belt"
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Orion's Belt".
Paul Scheer shares stories from new memoir
Comedian Paul Scheer shares stories from a new memoir "Joyful Recollections of Trauma."
Technology
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Technology
TikTok influencers sue U.S. government
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Samsung trolls Apple after failed iPad Pro "crush" ad
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
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.
TikTok says it's testing letting users post 60-minute videos
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
Science
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Discovery of long-lost river may solve ancient pyramid mystery
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
New study may solve mystery about warm-blooded dinosaurs
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Asia's deadly heat wave was made 45 times more likely for this reason
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Satellite images show what the historic geomagnetic storm looked like from space
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Cicadas pee from trees. And they can urinate a lot, a new study finds.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Crime
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Was death of a doctor's wife an accident or staged to look like one?
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
3 killed, 3 wounded in early-morning shooting in Columbus, Ohio
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Video appears to show Diddy assaulting ex in 2016
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
Paul Pelosi attacker sentenced to 30 years
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
4 cold case murders in Canada linked to U.S. serial rapist
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Space
More Space
Launch of Boeing's hard-luck Starliner delayed yet again
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
Sun emits its largest X-class flare of the solar cycle
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
Researchers discover "super fluffy" planet with cotton candy-like density
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Satellite images show what the historic geomagnetic storm looked like from space
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Boeing Starliner launch retargeted for May 21
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Roger Corman, "King of the B Movies" 1926-2024
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
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.
PHOTOS: Baltimore bridge collapses after cargo ship rams into overpass
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.
Could an Alabama woman have shot herself twice?
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?
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
The Puzzling Death of Susann Sills
The wife of a fertility doctor is found dead at the bottom of a staircase. Did her dogs play a role in her death or was the scene staged to cover a murder? "48 Hours" correspondent Tracy Smith reports.
Anchovies behind San Francisco's sea lion surge
San Francisco's famed Fisherman's Wharf is seeing an unusually large number sea lions that local officials say is the largest herd of the sea mammals the area has seen in 15 years. The massive herd is snacking on an overabundance of anchovies. Kenny Choi explains.
TikTok influencers sue U.S. government
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Auto workers in Alabama vote against joining UAW
Workers at two Mercedes Benz plants in Alabama this week voted against joining the United Auto Workers union. The movement to unionize saw opposition, not just from the company, but also Republican Alabama Gov. Kay Ivey. Michael George has more.
Fighting intensifies in northern Gaza
The violence across the devastated Palestinian territory is widening, with the northern Jabalia refugee camp seeing some of its fiercest fighting in months between Israeli forces and Hamas militants. The Israeli military said Saturday it has recovered the remains of a fourth hostage, this after the bodies of three hostages were recovered on Friday. Imtiaz Tyab has more from Tel Aviv.