The Fed cut rates today for the first time in 4 years. What does that mean for your money?
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
MoneyWatch
Latest News
Trump says inflation has cost households $28,000. Is that true?
Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period.
Fed lower rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Could the "YIMBY" movement fix America's affordable housing shortage?
Some cities and states are throwing out single-family zoning to increase density and create more affordable housing.
What impact will the Federal Reserve's rate cut have on stocks?
Dow industrials jump more than 200 points after central bank embarks on easing policy for the first time since 2020.
Trump and Harris' views on inflation — their records and what they've said
Inflation is a top issue for voters heading into 2024 presidential election. Here's what we know about Harris and Trump's views on combating high prices for Americans.
Some young adults are embracing creative paths to homeownership
As the cost of homeownership increases, more young adults are turning to co-buying homes with friends or moving into multi-generational households.
Trump wants to eliminate the $10,000 SALT deduction cap he created
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
This airport was ranked the most satisfying in the U.S.
If travel is about the journey as much as the destination, fly through this airport for a more satisfying trip.
Managing Your Money
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Why borrowers shouldn't wait for rate cuts to fix their debt
Interest rate cuts may not be worth waiting for if you're stuck with high-rate debt. Here's what to consider now.
Here's how the Fed's big rate cut affects mortgages
The Federal Reserve slashed rates by an unexpected 50 basis points today. Here's how that could impact mortgages.
Is a CD still worth it now that the Fed has cut rates?
Is a CD account still valuable with interest rate cuts? Here are three reasons why they're still worth opening.
Money Tech
Tablet use linked to angry outbursts among todders, study finds
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
Tesla sales drop as competition in electric vehicle market heats up
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Virtual valentine: People are turning to AI in search of romance
The generative artificial intelligence boom has led to the emergence of romantic companion bots.
Apple halting Apple Watch Series 9 and Ultra 2 sales. Here's why.
Apple said it will stop selling the devices later this month in order to comply with a U.S. import ban.
Elon Musk restores X account of far-right conspiracy theorist Alex Jones
Alex Jones, the conspiracy theorist known for his fake news site InfoWars and his false denial of the Sandy Hook massacre, was permanently banned from Twitter in 2018.
Think twice before scanning a QR code — here's why
More than 90 million consumers will scan a QR code this year. But the technology can also facilitate identity theft.
Elon Musk says advertiser boycott at X could "kill the company"
The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."
OpenAI says Sam Altman returning as CEO days after board sacked him
OpenAI co-founder Sam Altman says he's looking forward to returning to the company, with the support of Microsoft's CEO, to build the 2 companies' "strong partnership."
Elon Musk says X will donate ad, subscription revenue tied to Gaza war
Musk, who is under fire for supporting an antisemitic post, said the money will be donated to hospitals in Israel and to the Red Cross in Gaza.
More deadly blasts reported in Lebanon day after Hezbollah pagers explode
Lebanese officials say more handheld devices exploded a day after thousands of pagers carried by Hezbollah members blew up in an attack blamed on Israel.
Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Kentucky highway shooting suspect found dead, officials believe
Joseph Couch had been the subject of a manhunt in Kentucky since a shooting on an interstate highway earlier this month.
House rejects GOP plan to fund government as deadline nears
The legislation, which would fund the government for about six months and require proof of citizenship to register to vote, fell short.
Iranian hackers sent stolen Trump campaign info to Biden campaign associates
Iranian hackers sought to interest President Biden's campaign in information stolen from the campaign of former President Donald Trump, the FBI and other federal agencies said.
Sean "Diddy" Combs denied bail again in federal sex trafficking case
Sean "Diddy" Combs is facing three charges, including sex trafficking, stemming from an investigation by federal authorities.
Teamsters decide not to make 2024 presidential endorsement
The union's president, Sean O'Brien, broke with tradition and spoke at the RNC.
Bogus Harris hit-and-run story created by Russian troll farm, Microsoft says
The fabricated story was created by the Kremlin-aligned Storm-1516, one of several disinformation efforts targeting the Harris-Walz campaign, a new report from Microsoft says.
Cancer deaths decline 33% in 30 years, but alcohol is still major problem
The latest Cancer Progress Report from the American Association for Cancer Research also found a 24% decline in the overall cancer death rate for children and adolescents.
Retirement
More
These are the best and worst places to retire in the U.S.
Given that many retirees live on fixed incomes, affordability is a key metric to take into account when considering where to live out one's golden years.
U.S. has more 401(k) millionaires than ever, report shows
The number of Americans who have amassed at least $1 million in retirement savings is at an all-time high, though most people fall short.
Only 1 in 5 workers nearing retirement is financially on track
A new study finds that the median retirement savings of people who are 55 is just $50,000, far from what experts recommend.
Gen Xers are nearing retirement. About half say they need a miracle.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
This small U.S. town is considered the best place to retire. Here's why.
With a relatively low average monthly cost of living and a low crime rate, this little-known town has a lot to offer retirees according to one report.
U.S.
More U.S.
"Diddy" jailed at same detention center as other high-profile inmates
Sean "Diddy" Combs was denied bail a second time on Wednesday and he will remain in federal custody at a Brooklyn detention center.
Kentucky highway shooting suspect found dead, officials believe
Joseph Couch had been the subject of a manhunt in Kentucky since a shooting on an interstate highway earlier this month.
Giant "flying" Joro spider sighting confirmed in Pennsylvania
The invasive Joro spider has been spotted in Pennsylvania as it continues to spread in the U.S. The giant species was first seen in Georgia a decade ago.
Iranian hackers sent stolen Trump campaign info to Biden campaign associates
Iranian hackers sought to interest President Biden's campaign in information stolen from the campaign of former President Donald Trump, the FBI and other federal agencies said.
Could the "YIMBY" movement fix America's affordable housing shortage?
Some cities and states are throwing out single-family zoning to increase density and create more affordable housing.
MoneyWatch
More MoneyWatch
Could the "YIMBY" movement fix America's affordable housing shortage?
Some cities and states are throwing out single-family zoning to increase density and create more affordable housing.
Trump says inflation has cost households $28,000. Is that true?
Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period.
Trump wants to eliminate the $10,000 SALT deduction cap he created
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
Craigslist founder Craig Newmark makes $100 million cybersecurity pledge
Craigslist founder says the U.S. is in the midst of a cyberwar and "the fight is on our own shores."
What impact will the Federal Reserve's rate cut have on stocks?
Equities shift to losses as investors digest the Federal Reserve's first interest rate cut since 2020.
Politics
More Politics
Democrat LaMonica McIver wins special House election in New Jersey
Democrat LaMonica McIver has won a special House election in New Jersey's 10th Congressional District.
Iranian hackers sent stolen Trump campaign info to Biden campaign associates
Iranian hackers sought to interest President Biden's campaign in information stolen from the campaign of former President Donald Trump, the FBI and other federal agencies said.
Trump says inflation has cost households $28,000. Is that true?
Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period.
Trump wants to eliminate the $10,000 SALT deduction cap he created
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
Teamsters decide not to make 2024 presidential endorsement
The union's president, Sean O'Brien, earlier this summer broke with tradition and became the first Teamsters president to address the Republican convention.
HealthWatch
More HealthWatch
New COVID variant XEC now in half of states. Here's what to know.
Some of the earliest U.S. cases were reported in Virginia.
Cancer deaths have declined 33% in 30 years, but alcohol is still a major problem
The latest Cancer Progress Report from the American Association for Cancer Research also found a 24% decline in the overall cancer death rate for children and adolescents.
Black women at higher risk of death from all types of breast cancer, study finds
In a new study, researchers found Black women are at higher risk of dying from all tumor subtypes of breast cancer, with the disparity ranging from 17% to 50%.
Researchers use artificial intelligence to help ALS patient speak again
Using artificial intelligence, doctors have found a way to give people who lost their voice to ALS the ability to speak again.
FDA approves Apple Watch sleep apnea detection tool
The function is not a diagnostic tool, but can tell watch-wearers if they are exhibiting signs of sleep apnea.
World
More World
Tourist dies after losing her leg in shark attack off Canary Islands
The German tourist was sailing in a British catamaran in the Atlantic when the shark struck.
U.S. passports can now be renewed online, State Department says
The online system bypasses the traditional method that required printing out a form and mailing a check.
More deadly blasts reported in Lebanon day after Hezbollah pagers explode
Lebanese officials say more handheld devices exploded a day after thousands of pagers carried by Hezbollah members blew up in an attack blamed on Israel.
"Computer geek" accused of creating encrypted messaging app for crime
Australian police swooped in to arrest a man they say built a messaging app marketed as "unhackable" to the criminal underworld, but which clearly was not.
Associate of Frenchman in mass rape trial admits copycat abuse of own wife
Frenchman Jean-Pierre Marechal has told a court that Dominique Pelicot supplied him with tranquilisers and convinced him to abuse his own wife.
Entertainment
More Entertainment
Sean "Diddy" Combs denied bail again in federal sex trafficking case
Sean "Diddy" Combs is facing three charges, including sex trafficking, stemming from an investigation by federal authorities.
Brian Tyree Henry on why he loves to play villains
Oscar-nominated actor Brian Tyree Henry told "CBS Mornings" he often feels villains are misunderstood, which is why his role in "Transformers One" was important to him.
Brian Tyree Henry on voicing young Megatron
Oscar, Emmy and Tony nominee Brian Tyree Henry opens up about voicing young Megatron in "Transformers One" and shares his thoughts on villains.
Joe Posnanski on iconic football moments
Sportswriter Joe Posnanski discusses his new book, "Why We Love Football," where he explores 100 unforgettable moments in football history, including David Tyree's legendary "Helmet Catch."
"Jimmy Carter 100" concert celebrates former president's 100th birthday
The "Jimmy Carter 100" concert will be aired in full on Georgia Public Broadcasting on Oct. 1, Carter's birthday.
Technology
More Technology
Craigslist founder Craig Newmark makes $100 million cybersecurity pledge
Craigslist founder says the U.S. is in the midst of a cyberwar and "the fight is on our own shores."
Unexpected dangers of electric vehicles
Guardrails on U.S. roads are typically tested against vehicles weighing up to 5,000 lbs. However, many electric vehicles weigh up to 30% more than that, raising safety concerns on whether guardrails would hold up in a collision.
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.
Child psychiatrist on Instagram's Teen Accounts
Instagram's parent company, Meta, launched their new Teen Accounts that offers a more limited experience for the platform's younger users to address concerns over social media's impact on kids. Everyone under the age of 16 will automatically migrate to the new service. Dr. Joel Stoddard, associate psychiatry professor at the University of Colorado School of Medicine, joins CBS News to discuss.
Instagram rolling out protected teen accounts
Instagram announced Tuesday that it will be rolling out new protected accounts for people under 18. The accounts will automatically be private and can only receive messages from people they follow. Jo Ling Kent spoke with parents and Meta's safety chief about the changes.
Science
More Science
When and how to see September's Harvest Moon
The September Harvest Moon will see a partial lunar eclipse, peaking the night of Tuesday, Sept. 17.
The Climate Election: Home insurance costs
The cost of insuring your home is going up, and some homes are "essentially uninsurable" due to rising climate change risks. In Nebraska, the most expensive state for premiums, the cost is nearly $3,400 above the national average to insure a home. And it's all happening as extreme weather events increase in frequency and intensity, jeopardizing people's homes and their ability to financially recover afterward.
Mysterious 9-day seismic event triggered by 650-foot tsunami
A tsunami stemming from a landslide was behind a surprising seismic event last year that shook the earth for nine days, researchers said.
Polaris Dawn crew conducts first all-civilian spacewalk
The spacewalkers tested new SpaceX-designed pressure suits that could eventually be used by civilian astronauts on the moon and Mars.
California crews battle high temps, Line Fire
Record-high temperatures have hit several areas of California, Arizona and Oregon since Friday, extending the fire season and creating drier conditions that make wildfires spread faster. The Line Fire in Southern California has grown past 21,000 acres, roughly half the size of Washington, D.C. CBS News senior national and environmental correspondent Ben Tracy reports.
Crime
More Crime
Crime
Kentucky I-75 shooting: Suspect believed dead
In a news conference Thursday night, Kentucky police said they believe a body found near the site of the Interstate 75 shooting on Sept. 7, 2024, is that of suspect Joseph Couch. Officials said articles on the body indicated it was likely Couch, but that crews were still processing the scene and wouldn't have final identification until later. CBS News' Carissa Lawson anchors a special report.
Sean "Diddy" Combs denied bail for second time
Disgraced hip-hop mogul Sean "Diddy" Combs was denied bail Wednesday by a second judge in his federal sex trafficking case in New York. The 54-year-old had offered to post a $50 million bond so he could be released to home detention. Jericka Duncan has more.
Man arrested on murder charge 14 years after victim vanished
For more than a decade, police have searched for answers in the disappearance of Shane Ryan Donahue. Officers just arrested a suspect on murder charges.
Harvey Weinstein back in court
Harvey Weinstein is facing more sex crime charges in New York on unheard allegations of assault that took place in New York City. CBS News New York's Alice Gainer reports on his return to court.
Sean "Diddy" Combs' lawyer seeks bail
Sean "Diddy" Combs' lawyer, Marc Agnifilo, is appealing a federal judge's decision to hold the music mogul without bail. Agnifilo's appeal motion argues Combs has been cooperating with the case. CBS News' Jericka Duncan reports.
Space
More Space
NASA's "Hidden Figures" honored in Congressional Gold Medal ceremony
NASA's "Hidden Figures," whose work helped put men on the moon, were honored Wednesday in a Congressional Gold Medal ceremony.
When and how to see September's Harvest Moon
The September Harvest Moon will see a partial lunar eclipse, peaking the night of Tuesday, Sept. 17.
SpaceX crew completes historic mission
Four SpaceX astronauts safely splashed down in the Gulf of Mexico on Sunday. The Polaris Dawn crew completed the first-ever commercial spacewalk during their historic mission and tested a new type of spacesuit.
Polaris Dawn space mission splashes down
The groundbreaking commercial space mission known as Polaris Dawn successfully splashed down early Sunday morning. The historic five-day mission, flown by tech billionaire Jared Isaacman and three crew mates, included the first ever commercial spacewalk.
Polaris Dawn crew splashes down to end record-setting commercial mission
Splashdown northwest of Key West, Florida, closed out a mission highlighted by the first non-government civilian spacewalk.
Latest Galleries
More Latest Galleries
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.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Clues and evidence in the John McCabe case
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Kentucky I-75 shooting: Suspect believed dead
In a news conference Thursday night, Kentucky police said they believe a body found near the site of the Interstate 75 shooting on Sept. 7, 2024, is that of suspect Joseph Couch. Officials said articles on the body indicated it was likely Couch, but that crews were still processing the scene and wouldn't have final identification until later. CBS News' Carissa Lawson anchors a special report.
House fails to pass Johnson's funding plan
The House voted 202 to 220 Wednesday rejecting Speaker Mike Johnson's proposal to extend government funding for six months. Congress has until Oct. 1 to reach an agreement to keep the government open.
"Hidden Figures" awarded Congressional Gold Medal
The women who contributed to NASA's success in the space race were recognized with the Congressional Gold Medal Wednesday, the highest civilian honor bestowed by Congress. They included the four Black women who became known as the "Hidden Figures."
Tests show EVs may pose threat to U.S. roads
New crash tests indicate the safety infrastructure lining the nation's roads may not be strong enough to handle impacts from some electric vehicles, which tend to be heavier than their gas-powered counterparts. Kris Van Cleave has details.
Coast Guard defies military recruitment slump
Amid a slump in recruiting for the U.S. Armed Forces, the U.S. Coast Guard for the first time since 2007 has met its recruitment goals for its active-duty workforce, the reserves and officers. CBS News homeland security and justice reporter Nicole Sganga spoke with Capt. Ben Keffer, commanding officer of the U.S. Coast Guard Recruiting Command, about the branch's recruitment processes.