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.
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 Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Six tribes have banned South Dakota Gov. Kristi Noem over comments she made about tribal leaders benefitting from drug cartels.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Michael Cohen was one of former President Trump's most trusted legal advisers before Trump was elected president in 2016.
The controlled demolition of the largest remaining steel span of the collapsed Francis Scott Key Bridge in Baltimore has been postponed because of weather conditions.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
Jerry Seinfeld, who has supported Israel since the Oct. 7 attack by Hamas militants, delivered the commencement address at Duke University on Sunday.
Zahra Skaik, a 44-year-old Palestinian woman living in Gaza City, escaped the war thanks to her American sons.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Six tribes have banned South Dakota Gov. Kristi Noem over comments she made about tribal leaders benefitting from drug cartels.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Michael Cohen was one of former President Trump's most trusted legal advisers before Trump was elected president in 2016.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
Amazon's self-driving robotaxi unit Zoox is being investigated by the U.S. government's highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists.
The vast coin collection of a Danish butter magnate is finally set to go on sale a century after his death and could fetch up to $72 million, its auction house says.
Workers at the first Apple Store to unionize, outside Baltimore, have now also authorized a first strike against the tech giant's retail operations.
A'ja Wilson, of the Las Vegas Aces, has joined a roster of women athletes who have partnered with Nike to develop signature collections.
Six tribes have banned South Dakota Gov. Kristi Noem over comments she made about tribal leaders benefitting from drug cartels.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Michael Cohen was one of former President Trump's most trusted legal advisers before Trump was elected president in 2016.
Zahra Skaik, a 44-year-old Palestinian woman living in Gaza City, escaped the war thanks to her American sons.
On this "Face the Nation" broadcast, Secretary of State Antony Blinken and Sen. Tom Cotton join Margaret Brennan.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Some of the strains in the "FLiRT" group are closely related to the JN.1 COVID variant from last winter.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
The town's mayor, Rafael Vargas, called the attack "a terrible violent act."
The vast coin collection of a Danish butter magnate is finally set to go on sale a century after his death and could fetch up to $72 million, its auction house says.
Russia's Vladimir Putin has replaced his minister of defense Sergei Shoigu as he begins his 5th term in office and as his war in Ukraine heats up.
Secretary of State Antony Blinken said the U.S. "will not support" an Israeli military operation in the southern city of Rafah without a "credible plan to protect civilians."
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
The current owners of Marilyn Monroe's old Los Angeles home want to tear the building down. But a conservation group is hoping to save it and get the building labeled a landmark. Carter Evans has the story.
Roger Corman, the Hollywood legend known for his prolific production of indie B-movies, has died at age 98. Elise Preston looks back at his legacy.
The Cannes Film Festival rarely passes without cacophony but this year's edition may be more raucous and uneasy than any edition in recent memory.
Correspondent Faith Salie reports on fashion's biggest night, at the Metropolitan Museum of Art's Costume Institute Benefit, where designs ranged from artful flowers to artfully positioned sand.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. For designers, it's a constant and complex balance to get it just right.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. But designing things to do more can often lead to frustrated and unhappy customers. For designers, it's a constant and complex balance to get it just right. Correspondent David Pogue looks at how complicated lives – full of endless features – may be getting easier to navigate thanks to technology.
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's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
The Ascension Healthcare Network, one of the nation's leading nonprofit and Catholic health systems, says a "cyber security event" disrupted its clinical operations Wednesday. Threat intelligence company Cyble says there have been 77 ransomware attacks on the U.S. health care sector since the beginning of February. CBS News homeland security and justice reporter Nicole Sganga joins to unpack the troubling trend.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Climeworks, a Swiss pioneer in the fast-growing field of CO2 capture and storage, launches operations at a new site on a dormant volcano.
The town's mayor, Rafael Vargas, called the attack "a terrible violent act."
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
The 66-year-old suffered an eye injury but is expected to be OK. CBS New York's Ali Bauman reports.
A suspect accused of fatally shooting a 23-year-old police officer in Euclid, Ohio, on Saturday night is dead, police said Sunday.
Nearly two decades after an intoxicated and half naked William Greer confessed to killing Tammy Myers, her daughter is determined to see her mother's killer brought to justice.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
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?
AAA expects a record number of drivers for Memorial Day weekend and airlines anticipate a potential record number of flyers as 43.8 million people are projected to travel 50 miles or more for the holiday.
Jury selection begins Monday for Sen. Bob Menendez's federal corruption trial. The New Jersey Democrat and his wife are accused of accepting gold bars and other gifts in exchange for favors for foreign governments. Menendez maintains he did not break the law.
Nearly 360,000 Gazans have fled the city of Rafah as pressure increases on Prime Minister Benjamin Netanyahu's government to come up with a plan to help solve the humanitarian crisis.
Donald Trump's former attorney Michael Cohen is expected to testify at the former president's New York criminal trial on Monday.
Former Trump fixer Michael Cohen will testify about how he paid Stormy Daniels. Also, more extreme weather is coming to the South after a weekend of powerful storms produced more tornadoes. All that and all that matters in today's Eye Opener.