Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
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Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
The following is a transcript of an interview with Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, that aired on "Face the Nation" on Sunday, March 26, 2023.
They say government helps wealthy more than middle class amid bank issues.
Bharat Ramamurti, deputy director for the National Economic Council, joins Lana Zak and Errol Barnett ahead of the Federal Reserve's decision on interest rates. He discusses the Biden administration's response to recent bank failures and stubbornly high inflation.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
The following is a transcript of an interview with Kara Swisher and Scott Galloway, co-hosts of "Pivot" podcast, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with H.R. McMaster,former national security adviser in the Trump White House and a CBS News contributor, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with Rep. Patrick McHenry, Republican of North Carolina, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with Sen. Elizabeth Warren, Democrat of Massachusetts, that aired on "Face the Nation" on Sunday, March 19, 2023.
The banks came under renewed pressure despite emergency measures to bolster their finances.
The president is asking Congress to expand the FDIC's authority to penalize executives of failed banks.
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
A new push to pass a GOP elections bill known as the SAVE America Act is underway in Congress, but Democrats warn the proposal could disenfranchise millions of eligible voters.
A Houston doctor has been indicted on charges of falsifying medical records for five patients, making them ineligible to receive a liver transplant, federal prosecutors say.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Some spouses obtained military identification cards for Chinese nationals, court documents alleged.
Super Bowl LX will feature an ad to promote Trump Accounts, a new investment plan to help eligible families save money for their kids.
Nearly two weeks after a catastrophic ice storm rocked northeast Mississippi, still 25,000 customers are without power as of Thursday.
U.S. District Judge Jerry Blackwell admonished the Trump administration for what he said was a failure to comply with judicial orders, warning it is "not above the law."
Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
Colin Demarco was arrested in January, months after he was seen in a Ring camera image at Vought's door, wearing a surgical mask and gloves.
One jewelry company is looking to offset surging silver prices by plating its pieces with an even more precious metal.
Employers cut more than 108,000 jobs in January, the highest total for that month since 2009, new data shows.
Newly released documents from the Epstein files raise more questions about activity seen on video from the jail the night he died.
President Trump told NBC News he didn't know why Director of National Intelligence Tulsi Gabbard was at the search of the Georgia county's elections office.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
In a video message, Savannah Guthrie and her siblings sought to tell their mother's possible abductor – or abductors – that they are "ready to talk."
The U.S. on Thursday announced the resumption of dialogue with Russia's military, which had been suspended since 2021.
Senate Republicans criticized Democrats' list of demands to rein in ICE, further reducing the odds of reaching a deal on DHS funding.
Prosecutors allege that Kyle Wagner, 37, shared social media posts threatening ICE agents.
Savannah's Guthrie's mom, Nancy Guthrie, went missing over the weekend, and authorities have still not identified a possible suspect or person of interest.
Officials in Reedley, California said they had tried to warn federal authorities about the possibility of similar labs after one was found there in 2023.
Housing affordability is improving as more homeowners list their properties, according to data from Zillow.
Explore which states have the highest number of athletes competing for the U.S. Olympic team at the 2026 Winter Games, and search for your own hometown.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
A new push to pass a GOP elections bill known as the SAVE America Act is underway in Congress, but Democrats warn the proposal could disenfranchise millions of eligible voters.
A Houston doctor has been indicted on charges of falsifying medical records for five patients, making them ineligible to receive a liver transplant, federal prosecutors say.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Super Bowl LX will feature an ad to promote Trump Accounts, a new investment plan to help eligible families save money for their kids.
Poll on the economy and opportunity finds fewer feel prices rising, while most see a gap between the richest and the middle class.
Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age.
One jewelry company is looking to offset surging silver prices by plating its pieces with an even more precious metal.
A new push to pass a GOP elections bill known as the SAVE America Act is underway in Congress, but Democrats warn the proposal could disenfranchise millions of eligible voters.
The U.S. military struck an alleged drug-carrying boat in the Pacific on Thursday, marking the 38th vessel to be struck over the last five months and the second this year.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
U.S. District Judge Jerry Blackwell admonished the Trump administration for what he said was a failure to comply with judicial orders, warning it is "not above the law."
Poll on the economy and opportunity finds fewer feel prices rising, while most see a gap between the richest and the middle class.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
A simple factory error in China has created a viral sensation, with millions in Asia welcoming the Year of the Horse with a frown.
Russian Foreign Minister Sergei Lavrov accused Ukraine of trying to "disrupt the negotiation process" searching for an end to the war.
Team USA star skier Lindsey Vonn takes part in her first training session at the Winter Olympics, battling a serious injury two days before her first event.
Officials say a suicide bomber blew himself up at the gates of a Shiite mosque in Islamabad, killing dozens of people during Friday prayers.
A simple factory error in China has created a viral sensation, with millions in Asia welcoming the Year of the Horse with a frown.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
The 5th Dimension had broad crossover success and won six Grammy Awards, including record of the year twice.
Actor and comedian Ron Funches talks to "CBS Mornings" about appearing on the reality show "The Traitors," how it led to his autism diagnosis and opening up to others about it.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
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.
Apple is reportedly getting ready to launch its first foldable phone. Plus, OpenAI announced it is retiring its older ChatGPT-4o. Mashable tech editor Tim Werth joins CBS News to discuss.
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Russian Foreign Minister Sergei Lavrov accused Ukraine of trying to "disrupt the negotiation process" searching for an end to the war.
Charles "Sonny" Burton was convicted as an accomplice in the shooting death of Doug Battle, a customer who was killed during a robbery of an auto parts store.
A Houston doctor has been indicted on charges of falsifying medical records for five patients, making them ineligible to receive a liver transplant, federal prosecutors say.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
Cameron Guthrie, the son of Nancy Guthrie, issued his own video Thursday night pleading for his mother's possible abductor to contact the family. Former FBI agent Jeff Harp joins CBS News to discuss.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Olympic gold medalist Lindsey Vonn began skiing when she was nearly 3 years old. In a 2017 interview with 60 Minutes, the alpine star shared how she started out as a "turtle" on the slopes. "My coach used to call me a turtle," Vonn said. "I realized that I didn't like getting fourth, fifth, sixth, seventh place. And I started training harder."
Cameron Guthrie, the son of Nancy Guthrie, issued his own video Thursday night pleading for his mother's possible abductor to contact the family. Former FBI agent Jeff Harp joins CBS News to discuss.
Scoop, a Canine Companions service dog in training, joined CBS News Thursday to make their pick for Super Bowl winner between the Seattle Seahawks and New England Patriots.
The National Zoo in Washington, D.C., has welcomed a new baby elephant -- the first there in 25 years. Tony Dokoupil has the story.
Bad Bunny will bring his Latin trap and reggaeton swagger to the NFL's biggest stage as the star of the Super Bowl halftime show. As Tony Dokoupil reports, anticipation is building.