Fed Chair Jerome Powell signals "time has come" for interest rate cuts
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Watch CBS News
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
California has fined Amazon a total of $5.9 million, alleging the e-commerce giant worked warehouse employees so hard that it put their safety at risk.
Air quality is worsening across much of the U.S., exposing millions of people to health problems and threatening the U.S. economy.
UPS will lay off 12,000 workers and says it is ordering employees to return to the office five days a week.
Economic views are still tough, but they've improved as more report lower gas prices.
A new year brings new laws in California, including more paid sick leave, more protections for LGBTQ+ youth and a drastic minimum wage increase for fast food workers.
A $2 bill with a red seal can sell for $300 to $2,500. Those with brown or blue seals can sell for hundreds.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
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.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
A better-than-expected jobs report was released yesterday and touted by President Biden as a sign of economic progress. There was a jump in unemployment, even as jobs were added. Christina Ruffini has more.
CBS News polling finds Americans with largely dour assessments of the state of the union, as President Biden prepares to deliver his State of the Union address Tuesday.
President Biden is highlighting January's job report after it soared past economists' predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves.
Millions of Californians will return to work this new year with a pay bump as a minimum wage increase goes into effect.
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
Train conductors vote against wage deal with rail companies brokered by the Biden administration.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
Hundreds of Orange County residents gathered in Garden Grove on Tuesday night to demand answers from GKN Aerospace leadership during a special city council meeting.
Wade Meckler and Jo Adell keyed a five-run second inning with two-run doubles, and Walbert Ureña navigated heavy traffic through five shutout innings to lead the Los Angeles Angels to a 10-1 victory over the Houston Astros.
The shooting happened at around 11 p.m. on Sunday night near Sixth and Ramsey streets, according to Banning police.
A bird tested positive for West Nile virus, the second case in Ventura County.
The crash happened at Suds & Duds Coin-Op Laundry in the 900 block of Aviation Boulevard.
Republican Steve Hilton, a former Fox News host and adviser to former British Prime Minister David Cameron, will advance to November's general election in the race to become California's next governor, CBS News projects.
CBS News projects that incumbent Los Angeles Mayor Karen Bass will face off against Nithya Raman in November's runoff election.
Hundreds of Orange County residents gathered in Garden Grove on Tuesday night to demand answers from GKN Aerospace leadership during a special city council meeting.
The shooting happened at around 11 p.m. on Sunday night near Sixth and Ramsey streets, according to Banning police.
A bird tested positive for West Nile virus, the second case in Ventura County.
The shooting happened at around 11 p.m. on Sunday night near Sixth and Ramsey streets, according to Banning police.
A bird tested positive for West Nile virus, the second case in Ventura County.
The crash happened at Suds & Duds Coin-Op Laundry in the 900 block of Aviation Boulevard.
Along with the recent opening of LA Metro's three new D Line stations comes a new collection of public art for all to see.
While Gene Evin Atkins, 36, was acquitted of first-degree murder, jurors deadlocked on a second-degree murder charge and convicted him on 40 other charges, including attempted murder, assault with a semi-automatic firearm on a peace officer, attempted carjacking, and mayhem.
Hundreds of Orange County residents gathered in Garden Grove on Tuesday night to demand answers from GKN Aerospace leadership during a special city council meeting.
The Orange County District Attorney's Office said officers found her in a running shower with her toddler's body.
Police arrested the 28-year-old man after he crashed and attempted to hide in thick brush near Hayes Avenue and De Luz Road in Murrieta.
One person was taken into custody for the stabbing, which deputies said may be gang-related.
Garden Grove residents urged their city council to close the GKN Aerospace facility at the center of a chemical leak in late May.
Team Rubicon volunteers are set to remove dozens of dead trees and vegetation to help mitigate wildfire risk on Big Bear as part of a nearly four-year plan to remove what was left behind by the 2022 Radford Fire and the 2024 Line Fire.
Hermosa Beach police arrested a suspect who allegedly broke into a home while the residents, including two small children, were still inside early Monday morning.
Banning police are investigating an assault that left a man in critical condition after he was allegedly attacked by a person with a baseball bat on Sunday afternoon.
An 18-year-old man was killed in an off-roading crash near Menifee over the weekend, according to the California Highway Patrol.
Police arrested the 28-year-old man after he crashed and attempted to hide in thick brush near Hayes Avenue and De Luz Road in Murrieta.
The U.S. being a host country for the World Cup generates interest among fans, but less so among those who are not soccer fans.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Nick Reiner is accused of stabbing his parents Rob and Michele Singer Reiner to death at their home in December.
President Trump abruptly ended an interview with NBC News when repeatedly challenged on his claims of election fraud
New York Fed survey shows growing concern about household finances and the job market, even as the job market remains solid.
Republican Steve Hilton, a former Fox News host and adviser to former British Prime Minister David Cameron, will advance to November's general election in the race to become California's next governor, CBS News projects.
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday.
CBS News projects that incumbent Los Angeles Mayor Karen Bass will face off against Nithya Raman in November's runoff election.
President Trump abruptly ended an interview with NBC News when repeatedly challenged on his claims of election fraud
The Trump administration on Monday announced it is seeking to revoke the citizenship of 17 U.S. citizens accused of immigration fraud.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Los Angeles County health officials on Saturday confirmed the fifth measles case of the year in an international traveler who arrived at Los Angeles International Airport earlier in the week.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The California State Assembly passed a new bill that they hope can rein in a black market in restaurant reservations.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
Wade Meckler and Jo Adell keyed a five-run second inning with two-run doubles, and Walbert Ureña navigated heavy traffic through five shutout innings to lead the Los Angeles Angels to a 10-1 victory over the Houston Astros.
The Dodgers quickly pulled away once Pirates ace Paul Skenes exited in a 12-3 win on Tuesday night.
Los Angeles Angels pitcher Jack Kochanowicz needs Tommy John surgery, the team said Tuesday, and the 25-yeaer-old right-hander is expected to be sidelined through the 2027 season.
Peter Laviolette will be the next head coach of the Los Angeles Kings, the team announced on Tuesday. He will be the permanent replacement for interim coach D.J. Smith, who replaced Jim Hiller in March.
The U.S. being a host country for the World Cup generates interest among fans, but less so among those who are not soccer fans.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
The CBS LA American Music Awards Red Carpet Special will capture the moments as the stars arrive at the MGM Grand Garden Arena in Las Vegas and airs from 4 p.m. to 5 p.m. PDT on CBS LA and streaming online on CBS News Los Angeles.
Nicole Comstock reports from Pomona, where she learns more about the "inappropriate images" that somehow made it into the city's recreation guide that was sent to residents.
CBS LA's Laurie Perez shows us the preparations in place for the upcoming 2026 FIFA World Cup matches in Los Angeles County.
Desmond Shaw flies to the MacArthur for tonight's Look At This!
As votes from last Tuesday's election continue to be counted, some have voiced concerns about voting laws for homeless residents. Mike Rogers reports.
Newport Beach lifeguards urged inexperienced beachgoers to stay out of the waters as huge waves drew thousands to Orange County's coast. Lesley Marin reports.
Some of golf's best are facing off at the U.S. Women's Open at the Riviera Country Club in the Pacific Palisades over the weekend. The event runs from June 2 to June 7.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
