Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal and unfair pricing practices in essential sectors like groceries, prescription drugs, health care and housing. CBS News business analyst Jill Schlesinger offers an in-depth analysis of what these changes mean for consumers.
President Biden on Tuesday announced credit card late fees will be capped at $8, down from around $32. Nikki Battiste has the details.
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
Many consumers are paying up to $500 more in annual interest than necessary, and credit scores have nothing to do with it.
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
American consumers' combined outstanding credit card balances hit a record $1 trillion in 2023, miring many people in debt.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Rep. George Santos, a New York Republican, pleaded not guilty Friday to the latest federal charges against him. Santos is accused of stealing his campaign donors' identities and racking up thousands of dollars in unauthorized charges on their credit cards. CBS News congressional correspondent Scott MacFarlane has the latest on how Congress may react to Santos' legal woes.
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
More than a third of credit cards now carry APRs of nearly 30%. But to get a lower rate, often all you have to do is ask.
Customers don't realize what the nation's second-largest credit card issuer is doing with their personal data, according to PIRG report.
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
More Americans are turning to medical credit cards as they struggle to pay for medical bills, according to a new survey from the Consumer Financial Protection Bureau. CBS News MoneyWatch associate managing editor Aimee Picchi explains how the cards could impact your credit.
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
As we head into the height of the summer travel season, many people are looking for the best way to stretch their travel budget. Airline credit cards offer perks and points which may sound ideal, but travel experts warn the benefits may not be worth your money. Wall Street Journal travel reporter Jacob Passy joined CBS News to break down the pros and cons of different cards.
Americans are racking up all-time high levels of credit card debt. Ted Rossman, senior industry analyst for CreditCards.com, has tips if you're struggling with high balances.
President Biden and first lady to meet shooting victims' families; Americans relying on credit cards and other methods to pay for items
Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
One member of Israel's government says Hamas loves Mr. Biden, but other Israelis worry their leaders are losing the vital war for global support.
A convicted murderer who survived a botched lethal injection is now set to be executed by nitrogen hypoxia in Alabama.
Brain worms, like the one Robert F. Kennedy Jr.'s campaign said he contracted over a decade ago, are real — and more common in certain parts of the world than you might think.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
The changes immediately open new doors for LGBTQ members — but over a quarter of U.S. congregations have already left the UMC, and more could follow.
Ascension said it responded immediately, and access to some systems has been interrupted with remediation efforts in progress.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Allan W. Knepper, 27, was among a squadron that encountered heavy anti-aircraft fire during an attack on Axis powers in July 1943.
Disney and Warner Bros. Discovery plan to launch a combined Disney+, Hulu and Max streaming service this summer.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
A convicted murderer who survived a botched lethal injection is now set to be executed by nitrogen hypoxia in Alabama.
More than 1,400 teens from ages 13 to 17 participated in the survey last fall, answering questions on various aspects of their relationship with video games.
Disney and Warner Bros. Discovery plan to launch a combined Disney+, Hulu and Max streaming service this summer.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
Ascension said it responded immediately, and access to some systems has been interrupted with remediation efforts in progress.
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
Brain worms, like the one Robert F. Kennedy Jr.'s campaign said he contracted over a decade ago, are real — and more common in certain parts of the world than you might think.
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
Allan W. Knepper, 27, was among a squadron that encountered heavy anti-aircraft fire during an attack on Axis powers in July 1943.
One member of Israel's government says Hamas loves Mr. Biden, but other Israelis worry their leaders are losing the vital war for global support.
The blue lobster could have sold for roughly $30 based on her size, but it was decided to donate her to an aquarium to keep her safe instead.
Nine men were found dead in the city of Morelos in Zacatecas — a day after nine bodies were found on an avenue in the city of Fresnillo.
A Japanese breadmaker "would like to apologize deeply for causing trouble" after black rat parts were found in 2 sliced break packets.
In "The Office" actor Rainn Wilson's new podcast "Soul Bloom," he speaks with comedians, experts and authors about creativity, spirituality and psychology.
Award-winning actor Rainn Wilson, famed for his role as Dwight Schrute in "The Office," joins "CBS Mornings" to talk about hosting the new podcast 'Soul Boom,' inspired by his bestselling book.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
"Grotesquerie" star Niecy Nash took to social media to show off her new co-worker, Travis Kelce, on the new horror-drama TV series by "American Horror Story" creator Ryan Murphy.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
An undercover sting operation in New Mexico is renewing calls by law enforcement for social media platforms to do more to protect kids online. Bodycam video exclusively obtained by CBS News shows how police took down a suspected sexual predator allegedly targeting kids on Facebook messenger.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.
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.
Artificial intelligence has revolutionized how millions work and the same is true for militaries worldwide. Autonomous weapons systems are already on the battlefield in Ukraine and Gaza. Dr. C. Anthony Pfaff, research professor at U.S. Army War College, joins CBS News to discuss.
Santiago Paredes spent a decade doing final inspections on 737 fuselages for Spirit AeroSystems, one of Boeing's largest suppliers. He says he filed an ethics complaint when his managers asked him to speed up inspections about where he was finding issues, and when he was ignored, he eventually resigned. He spoke exclusively to Kris Van Cleave.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
Nine men were found dead in the city of Morelos in Zacatecas — a day after nine bodies were found on an avenue in the city of Fresnillo.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
Campus police discovered an assault rifle registered to the student, as well as several high-capacity magazines, ammunition and "hand-drawn images in a journal depicting a violent act."
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Exclusively on "CBS Mornings, NBA star Karl-Anthony Towns of the Minnesota Timberwolves is announced as this year's recipient of the Kareem Abdul-Jabbar Social Justice Champion Award
Violent storms and tornadoes bore down on six states Wednesday, this time across the southern U.S. The extreme weather is not letting up, with more danger expected Thursday.
Senior Airman Roger Fortson was in his off-base apartment last week in Florida when deputies burst through his door and shot him six times after seeing he was armed with his legally owned gun, according to civil rights attorney Ben Crump. The 23-year-old later died at a hospital.
Stormy Daniels is back on the witness stand in former President Donald Trump's New York criminal trial. Trump's attorneys will continue their cross-examination of the adult film star. CBS News correspondent Errol Barnett has more.
Mother's Day is this weekend and if you're still trying to figure out what to get your mom, maybe a getaway is the answer. Erin Florio, executive editor of Condé Nast Traveler, joined CBS News with some ideas on where to go.