Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
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Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The Federal Reserve is meeting July 30-31 to discuss its benchmark rate. Here's what economists say about the impact on your money.
The Federal Reserve announced it will keep interest rates the same — to help ease rising prices. That decision comes as a new government report on inflation is released.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
The Federal Reserve concluded its latest policy meeting Wednesday, and made a decision on interest rates. CBS News Business Analyst Jill Schlesinger joins us from New York.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
A police chase that began in Golden Valley overnight Wednesday ended with both the suspect vehicle and an officer in a cruiser crashing into the Federal Reserve Bank building in downtown Minneapolis.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
Jeff Wagner talks with financial advisor Greg McBride about the Federal Reserve’s decision not to raise interest rates.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The Federal Reserve did what it had been signaling for weeks -- a pause in interest rate hikes. But it also warned to brace for more hikes this year.
A new Federal Reserve survey on economic confidence shows a record number of people say they’re not doing “at least OK financially.” University of Minnesota Professor Paul Vaaler reality check things when it comes to inflation -- and how we're doing.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
This weekend, more than 80 venues across Minneapolis will open up their doors to the public. It's all part of its Doors Open weekend event, where the public will be able to explore places they generally can't go. One of those spots is the Federal Reserve Bank of Minneapolis.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
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.
Autopsy says central bank didn't appreciate "seriousness of critical deficiencies" in SVB's governance, contributing to the failure.
Stocks closed lower following latest update on inflation and warning of possible recession.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
CBS News Business Analyst Jill Schlesinger joins us to discuss the decision.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
The Twin Cities will see a small temperature bump Thursday with highs near 30 degrees — but don't let it fool you. Light snow develops through the afternoon and evening, especially east.
Outside the Bishop Henry Whipple Federal Building in Minneapolis, protests continue. Advocates say what's happening inside the courtrooms is also alarming.
Cellphone footage is providing a closer look at what families say are ICE operations near Minnesota students.
"Rights have always been violated for us as Native people" Rachel Dionne Thunder told WCCO.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
Outside the Bishop Henry Whipple Federal Building in Minneapolis, protests continue. Advocates say what's happening inside the courtrooms is also alarming.
Cellphone footage is providing a closer look at what families say are ICE operations near Minnesota students.
"Rights have always been violated for us as Native people" Rachel Dionne Thunder told WCCO.
An Immigration and Customs Enforcement officer shot a man Wednesday night in north Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
WCCO is documenting other instances where ICE are detaining American citizens looking to act as legal observers.
Most good Minnesota high school hockey teams face the offseason reality that their best players may leave for juniors. This year, Rogers had three key players decide not to, which has benefited the roster.
In a rare primetime address Wednesday evening, Gov. Tim Walz gave a six-minute-long address to Minnesotans where he called on President Trump and Homeland Security Secretary Kristi Noem to "end this occupation."
President Trump is following through on a promise he made late last year to end deportation protections for some Somali immigrants in the country.
Faith leaders, union representatives and community members are calling for a Day of Truth and Freedom on Friday, Jan. 23 — urging all Minnesotans not to go to work, school or go shopping.
A 3-year-old boy was killed and his grandmother suffered "significant injuries" in a dog attack in Otter Tail County on Sunday, the sheriff's office said.
A Wisconsin man accused of sending the state Supreme Court's chief justice intimidating emails has been sentenced to probation.
Some schools in Minnesota and Wisconsin are delayed or closed on Tuesday as early morning rain makes the roads slick.
A western Wisconsin town is reveling in the national spotlight.
When he's not playing zone or man, Hall is carving it up at local hills. He has qualified for multiple professional snowboard competitions.
Two people were killed and another hurt in a crash in western Wisconsin Tuesday afternoon.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
Many people who serve in the U.S. military find it hard to ask for assistance when they've been trained to help and serve others.
Food Bank Eatery in North Minneapolis provides free meals for children, who may have little to eat after the pause of SNAP benefits for many in the community.
Firefighters are continuing a 44-year tradition that happens every year north of the Twin Cities.
It was a scary moment in the Twin Cities over the weekend, as a trailer hauling sled dogs turned over on Interstate 494 in Minnetonka.
President Trump announced on social media Thursday morning he may invoke the Insurrection Act to send troops into Minnesota.
Federal officials say an ICE officer shot a Venezuelan migrant Wednesday night in north Minneapolis after the officer was allegedly attacked with a shovel, plus more of the day’s top stories.
Outside the Bishop Henry Whipple Federal Building in Minneapolis, protests continue. Advocates say what's happening inside the courtrooms is also alarming.
Cellphone footage is providing a closer look at what families say are ICE operations near Minnesota students.
A shooting occurred Wednesday night in north Minneapolis after U.S. Immigration and Customs Enforcement officers were attacked by men with shovels during an arrest operation amid Operation Metro Surge, three U.S. officials told CBS News.
It's a business model picking up steam across the Twin Cities. For instance, all the major sports venues in town, like Target Field and U.S. Bank Stadium, no longer accept cash.
WCCO gathered data on core staple items from Aldi in Apple Valley, Target in Fridley and Cub Foods in north Minneapolis.
Minnesota drivers have something to celebrate this holiday — a price drop at the pump.
With costs still high and budgets stretched, getting smarter with money matters more than ever.
There were 584 vehicles towed during this week's snow emergency in Minneapolis. That number stands at 352 and counting in St. Paul, where parking restrictions are in place until 9 p.m. on Friday, Jan. 2.
Outside the Bishop Henry Whipple Federal Building in Minneapolis, protests continue. Advocates say what's happening inside the courtrooms is also alarming.
Cellphone footage is providing a closer look at what families say are ICE operations near Minnesota students.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
An Immigration and Customs Enforcement officer shot a man Wednesday night in north Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
WCCO is documenting other instances where ICE are detaining American citizens looking to act as legal observers.
The Minnesota Department of Employment and Economic Development says it began distributing payments on Friday to over 2,600 Minnesotans.
Just one day after dropping his bid for reelection, Minnesota Gov. Tim Walz said the state's paid family leave program is one of the most transformational bills the state has ever passed.
Roughly 12,000 Minnesotans have already applied for the state's new paid family leave program, according to an update by the Department of Employment and Economic Development.
It's a beauty technique that's exploding. Depending on your age, you might not have heard of it. It's called micro-needling.
The clock is ticking to snag a few more gifts and prepare for that holiday trip to visit family. As the pressure builds, so does the stress.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
The band announced Perry Bamonte's death on their official website on Friday.
Most good Minnesota high school hockey teams face the offseason reality that their best players may leave for juniors. This year, Rogers had three key players decide not to, which has benefited the roster.
The men leading the Minnesota Vikings' operations don't sound ready to give up on quarterback J.J. McCarthy, but neither are they speaking like they're satisfied at the position.
John Blackwell buried a 3-pointer at the buzzer and scored 27 points to help Wisconsin overcome an 11-point second-half deficit to beat Minnesota for a 10th straight time, 78-75.
Julius Randle scored 29 points and the hot-shooting Minnesota Timberwolves never trailed in a 139-106 blowout of the Milwaukee Bucks.
Pittsburgh Steelers head coach Mike Tomlin has informed the team that he is stepping down from his position.
The shooting death of Renee Good by an ICE agent has raised several legal questions.
The fatal shooting of Renee Good by an ICE agent has raised many legal questions. Constitutional law professor David Schultz, who has taught a class on police, criminal and civil procedure, has some answers.
The DFL race pits two prominent party leaders, Lt. Gov. Peggy Flanagan and Rep. Angie Craig, against each other.
Minnesota Congresswoman Ilhan Omar is calling for answers about the immigration crackdown in the Twin Cities. She is also denouncing the president's attacks on the Somali community and herself. In Talking Points, Esme Murphy shows us how, for Omar, this is a familiar position to be in.
Minnesota Congresswoman Ilhan Omar is calling for clarity about the immigration crackdown in the Twin Cities.
On Dec. 9, 1965, "A Charlie Brown Christmas" debuted on CBS, and it became an instant classic. Lee Jenkins' home is proof that the show is still a hit six decades later.
Holiday lights are on full display across the state right now, and just south of the Twin Cities you'll find a Christmas light show that's been around for more than half a century.
The story begins years ago when the city acquired one of the T-38 Talon Thunderbird jets from the Air Force.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
With the holidays fast approaching, and lutefisk on the menu for many families, one Minnesota town has the distinction of being called the "Lutefisk Capital of the Country."
New polling shows most voters do not think last week's deadly ICE shooting was justified. But the Trump administration thinks so and suggested that Renee Good was a domestic terrorist. Experts say that's not a label to be taken lightly.
ICE is making arrests in Minnesota right next to shoppers grabbing groceries. The tense encounters are happening at places like Target, Walmart and other private businesses.
It's a question many people have been asking: What is the cost of the U.S. Immigration and Customs Enforcement operation in Minnesota? WCCO was able to get some numbers.
It's a business model picking up steam across the Twin Cities. For instance, all the major sports venues in town, like Target Field and U.S. Bank Stadium, no longer accept cash.
From the frozen ponds and lakes to the packed indoor rinks serving as community hubs, hockey is uniquely celebrated and cherished in Minnesota like no other state in the country.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
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.
The Twin Cities will see a small temperature bump Thursday with highs near 30 degrees — but don't let it fool you. Light snow develops through the afternoon and evening, especially east.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
A storm system will drop a couple inches of snow late Thursday and overnight Friday in the Twin Cities, says NEXT Weather meteorologist Joseph Dames.
A storm system will drop 1-3 inches of snow Thursday in the Twin Cities, says NEXT Weather meteorologist Chris Shaffer.
Periods of light snow will move through in waves on Thursday and Friday, says NEXT Weather meteorologist Chris Shaffer.
President Trump announced on social media Thursday morning he may invoke the Insurrection Act to send troops into Minnesota.
Federal officials say an ICE officer shot a Venezuelan migrant Wednesday night in north Minneapolis after the officer was allegedly attacked with a shovel, plus more of the day’s top stories.
A storm system will drop a couple inches of snow late Thursday and overnight Friday in the Twin Cities, says NEXT Weather meteorologist Joseph Dames.
A storm system will drop 1-3 inches of snow Thursday in the Twin Cities, says NEXT Weather meteorologist Chris Shaffer.
A shooting occurred Wednesday night in north Minneapolis after U.S. Immigration and Customs Enforcement officers were attacked by men with shovels during an arrest operation amid Operation Metro Surge, three U.S. officials told CBS News.