Analyzing Jerome Powell's legacy
Friday marked Jerome Powell's last day as Chairman of the Federal Reserve. CBS News producer Emily Pandise takes a look at his legacy.
Economy
Study: Cash can help prevent homelessness
New research from Johns Hopkins School of Public Health shows that one-time direct cash payments of, on average, $3,700 can help prevent young people from falling into homelessness. Larry Cohen, co-founder and executive director of Point Source Youth, joins "The Daily Report" to discuss.
Is a powerful new China a true narrative?
As President Trump and China's Xi Jinping prepare to meet, Americans will hear a lot about American decline and the rise of a powerful new China. The Chinese certainly believe it - but is it true? Tony Dokoupil has more.
China's most critical issue: Taiwan
Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.
Trump's China trip underway as inflation rises
President Trump arrived in Beijing on Wednesday for a summit with Chinese President Xi Jinping. Mr. Trump's trip comes as Americans face higher costs for gas, food and more. CBS News' Anna Coren and Samantha Vinograd report.
Consumer inflation reaches a nearly 3-year high
As the war with Iran drags on, the cost of living is rising faster than wages, putting a major squeeze on middle and working-class Americans. Kelly O'Grady reports.
Local restaurant owner feels pinch of war
Jason Allen has a closer look at how rising prices are impacting both American consumers and business owners in Dallas.
Trump on "only thing that matters" in Iran talks
Before leaving for China on Tuesday, President Trump told reporters that he doesn't think about Americans' financial situations "not even a little bit" when negotiating a deal with Iran. CBS News senior White House and political correspondent Ed O'Keefe reports.
Inflation at highest level in nearly 3 years
Inflation is now at its highest level in nearly three years, in large part due to skyrocketing energy costs from the Iran war. Arjun Murti, partner at the energy sector firm Veriten and author of the energy-focused Substack newsletter "Super-Spiked," joins with analysis.
Inflation accelerated in April
New inflation data shows a concerning trend in April as the Iran war impacts Americans' wallets. CBS News' Kelly O'Grady reports.
Stocks stay strong despite Iran war uncertainty
Despite the ongoing war in Iran and high gas prices, stocks started trading higher on Monday. The S&P 500 and Nasdaq both hit record highs, bolstered by the tech sector. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
What April's jobs report says about economy
The Bureau of Labor Statistics on Friday reported a better-than-expected jobs report for April. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the numbers.
New jobs data beats expectations
The U.S. added 115,000 jobs in April, but some data remains concerning. CBS News' Kelly O'Grady reports.
Sponsored
Data on more small businesses popping up
More Americans are starting and expanding small businesses, according to new data. CBS News' Jill Schlesinger has more. (Sponsored by AT&T Business)
Breaking down Spirit's liquidation process
A lawyer for bankrupt Spirit Airlines said the rising cost of fuel "engulfed" the airline, drained its liquidity, and derailed its restructuring efforts. There's a sense of urgency to expedite the liquidation process because lawyers say it would benefit creditors and customers. Bob Allen, managing editor of Nomadic Aviation Group, which handles private flight operations for the aircraft leasing industry, joins "The Daily Report" to discuss.
Trump on prospects of Iran deal: "Very possible"
President Trump on Wednesday spoke to reporters about the prospects of a final deal with Iran, saying U.S. officials have had "very good talks over the last 24 hours."
U.S. debt has surpassed GDP, here's why
For the first time since World War II, the U.S. national debt has surpassed the size of its economy. CBS News MoneyWatch associate managing editor Aimee Picchi has more.
The U.S. debt now exceeds the country's GDP. Should we worry?
Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.
U.S. debt beats GDP for first time since WWII
The U.S. debt is exceeding the country's gross domestic product for the first time since World War II. CBS News contributor Javier David has more.
Vance heads to Iowa amid economic concerns
Vice President JD Vance is headed to Iowa on Tuesday for a campaign event as concerns over the U.S. economy grow amid the war with Iran. CBS News' Ed O'Keefe has more.
Minneapolis Fed president on interest rates
Neel Kashkari, the president and CEO of the Minneapolis Fed, told "Face the Nation with Margaret Brennan" that while economists have been watching for an interest rate cut, "we all need to be open-minded about where interest rates are going because there's so much uncertainty coming out of the Middle East."
Hassett on energy shocks affecting airlines
White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that although Spirit Airlines said rising fuel prices had contributed to its demise, "energy shocks don't have a big effect" on other airlines' business. But he acknowledged that "certainly, that will affect the profits for the airlines for a quarter or so."
How Americans prioritize spending
Consumers are cutting back on goods with sharp price increases, according to the Bureau of Economic Analysis. From December to February, spending on clothing fell 7%, spending on furniture fell 5% and spending on sports equipment fell 6%. The Wall Street Journal economics reporter Rachel Wolfe writes in her recent piece that recent inflation is not driven by consumer demand, but by companies passing on increased costs to customers. She joins "The Daily Report" to discuss.
Why Spirit Airlines is on the brink of collapse
CBS News has learned Spirit Airlines could go out of business as soon as Saturday after bailout talks with the Trump White House stalled. CBS News senior transportation correspondent Kris Van Cleave has the details. Then, Politico aviation reporter Oriana Pawlyk joins to assess the potential economic fallout.
Analyst breaks down economy amid Iran war
The national average gas price is up to $4.30 per gallon, the highest in four years, as President Trump said Thursday that gas prices "will drop like a rock" when the Iran war ends. Ted Rossman, principal analyst at Bankrate, joins "The Daily Report" with more.
Letlow, Fleming advance to runoff in Louisiana GOP Senate primary, CBS News projects
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
At least 80 dead in Congo's Ebola outbreak as WHO declares public health emergency
At least 80 deaths have been reported in Congo's new Ebola disease outbreak in the eastern Ituri province, authorities said.
Live
Israel strikes Lebanon as Iran says it "cannot trust the Americans"
Two days of talks in Washington between Lebanon and Israel produced an extension of the current ceasefire by 45 days.
Thousands march in "Unite the Kingdom," far-right rally in central London
Police estimated that around 60,000 people attended the "Unite the Kingdom" march, making it one of the largest right-wing mobilizations seen in Britain in recent years.
Exorbitant World Cup ticket prices creating sticker shock for soccer fans
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
Days after Trump's summit in Beijing, Putin will meet with China's Xi
Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.
Colorado River crisis could force drastic water measures across the West
Approximately 40 million people across the West depend on the Colorado River for water every single day. But the region could soon face drastic measures as the river keeps shrinking.
Venezuela says it deported Alex Saab, a key Maduro ally, to the U.S.
Venezuela's government says it has deported a close ally of Nicolás Maduro to face judicial proceedings in the U.S. less than three years he was pardoned by President Joe Biden.
Iran men's soccer team heading to Turkey for World Cup preparations
Iran and the U.S. cut diplomatic ties in 1980, and the players are expected to use their time in Turkey to complete the necessary procedures for obtaining visas.
U.S.
More U.S.
One man with two identities behind crimes from Monaco to New Mexico
In New Mexico, a man is charged with forgery & larceny – and convicted of putting out a hit on his estranged wife. Twenty-six years earlier, a fire in Monaco kills a billionaire and his private nurse. At the center of that mystery was the very same man — with a different name.
Letlow, Fleming advance to runoff in Louisiana GOP Senate primary, CBS News projects
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
A "Survivor" finalist's mission to prove his late sister was murdered
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
Exorbitant World Cup ticket prices creating sticker shock for soccer fans
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
Colorado River crisis could force drastic water measures across the West
Approximately 40 million people across the West depend on the Colorado River for water every single day. But the region could soon face drastic measures as the river keeps shrinking.
MoneyWatch
More MoneyWatch
Ice cream sold in 17 states recalled for potential metal fragments
No injuries have been reported because of the issue, the Food and Drug Administration said.
Trump talks up trade deals with China, but experts see no big wins for U.S.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
Which college majors offer the best long-term return on investment?
College grads outearn people without a degree within 15 years, even after paying for tuition, study finds.
How will Jerome Powell be remembered as he exits as Fed chair?
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
Oklahoma becomes latest state to sue Roblox over child safety concerns
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
Politics
More Politics
Letlow, Fleming advance to runoff in Louisiana GOP Senate primary, CBS News projects
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
Thousands march in "Unite the Kingdom," far-right rally in central London
Police estimated that around 60,000 people attended the "Unite the Kingdom" march, making it one of the largest right-wing mobilizations seen in Britain in recent years.
Days after Trump's summit in Beijing, Putin will meet with China's Xi
Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.
Trump-backed Rep. Julia Letlow advances to runoff in Louisiana GOP Senate primary
Rep. Julia Letlow, who was backed by President Trump in the primary against incumbent Sen. Bill Cassidy, has advanced to a runoff in the Louisiana Republican primary for Senate.
Trump says U.S. has killed Islamic State leader in Nigeria
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
HealthWatch
More HealthWatch
Version of hantavirus behind deadly outbreak matches known strain, France says
Genomic analysis showed the virus found aboard the MV Hondius shows no evidence of new characteristics so far.
At least 80 dead in Congo's Ebola outbreak as WHO declares public health emergency
At least 80 deaths have been reported in Congo's new Ebola disease outbreak in the eastern Ituri province, authorities said.
A hospital worker felt healthy. Then he had 3 heart attacks in 4 days.
Tommy Bell thought he was in good shape. But a series of heart attacks painted a more complicated picture.
New York doctor who survived Ebola says he fears for healthcare workers
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
Controversial FDA official leaving drug center post in latest departure at agency
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
World
More World
Iran men's soccer team heading to Turkey for World Cup preparations
Iran and the U.S. cut diplomatic ties in 1980, and the players are expected to use their time in Turkey to complete the necessary procedures for obtaining visas.
Bulgaria wins Eurovision Song Contest clouded by politics and protests
This year's field of 35 contestants is the smallest since 2003.
Thousands march in "Unite the Kingdom," far-right rally in central London
Police estimated that around 60,000 people attended the "Unite the Kingdom" march, making it one of the largest right-wing mobilizations seen in Britain in recent years.
Former mayor and aide killed in shooting in Colombia weeks before election
Colombia's presidential elections are scheduled for May 31, marking the end of the term for Gustavo Petro, the country's first leftist president.
At least 80 dead in Congo's Ebola outbreak as WHO declares public health emergency
At least 80 deaths have been reported in Congo's new Ebola disease outbreak in the eastern Ituri province, authorities said.
Entertainment
More Entertainment
A "Survivor" finalist's mission to prove his late sister was murdered
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
Bulgaria wins Eurovision Song Contest clouded by politics and protests
This year's field of 35 contestants is the smallest since 2003.
"Survivor" superfan builds her own tribe
The "Survivor" season 50 finale premieres on Wednesday, and "CBS Saturday Morning" meets Sarah Polakiewicz, a "Survivor" superfan in Atlanta who built her own community around the show.
"Dutton Ranch" stars on Texas transition
Kelly Reilly, Cole Hauser, and Finn Little of "Dutton Ranch" sit down with "CBS Saturday Morning" to discuss their characters' transitions from Montana to Texas, and more on the new "Yellowstone" spinoff.
Taj Mahal performs "Time"
Five-time Grammy winner and blues legend Taj Mahal is best known for hits like "Corinna" and "Statesboro Blues," and has collaborated with The Rolling Stones and Eric Clapton during his career that spans six decades. His latest album, "Time," was recorded with his long-time bandmates "The Phantom Blues Band." Here's Taj Mahal performing "Time."
Technology
More Technology
Technology
Atlanta residents report Waymo traffic jams
Atlanta residents say they're waking up to traffic jams of self-driving Waymo vehicles confused by neighborhood signage.
Waymos get in Atlanta traffic jam
Atlanta residents woke up to Waymo traffic jams on Friday. The driverless cars took over a quiet cul-de-sac. Skyler Henry has more details.
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.
Oklahoma becomes latest state to sue Roblox over child safety concerns
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
How the Trump-Xi summit could impact AI race
President Trump's visit to Beijing comes as the U.S. and China compete for artificial intelligence supremacy. Matt Sheehan, senior fellow at the Carnegie Endowment for International Peace, joins with analysis.
Science
More Science
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
How a growing El Niño will affect 2026 hurricane season in Atlantic, Pacific
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Crime
More Crime
One man with two identities behind crimes from Monaco to New Mexico
In New Mexico, a man is charged with forgery & larceny – and convicted of putting out a hit on his estranged wife. Twenty-six years earlier, a fire in Monaco kills a billionaire and his private nurse. At the center of that mystery was the very same man — with a different name.
A "Survivor" finalist's mission to prove his late sister was murdered
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
Details on charges against Mohammad Al-Saadi
Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national, is facing federal charges for his alleged terror plots targeting Jewish institutions around the U.S.
Terror plot foiled, suspect under arrest
A terror plot targeting Jewish institutions in New York, California and Arizona has been foiled, and a man linked to the alleged scheme is under arrest on Friday. Prosecutors say the Iraqi suspect is tied to other global attacks and claim he wanted payback for the U.S. and Israeli war on Iran. Tom Hanson reports.
Iraqi man charged with terror plot: officials
An Iraqi national was arrested and charged with planning to carry out several terror attacks in the U.S., including at a New York City synagogue and other prominent Jewish centers in Los Angeles and Scottsdale, Arizona. CBS News' Anna Schecter reports.
Space
More Space
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
The Man with Two Names
After a conviction in the arson death of a billionaire in Monaco, Ted Maher changes his name and puts out a hit on his estranged wife in New Mexico. He denies it all. "48 Hours" correspondent Erin Moriarty reports.
Joe Hunter's Mission
A "Survivor" contestant believes his sister was murdered and is determined to be her voice. "48 Hours" correspondent Natalie Morales reports.
Veterans reunite with vintage war planes
In Peru, Illinois, the veterans reunite with the vintage warplanes they once flew. Noel Brennan has the story.
World Cup prices shock fans
Anticipation is building for next month's World Cup Soccer Tournament, and so are costs, for both fans and the host cities. Adam Yamaguchi has more.
Colorado River in crisis
The Colorado River is on the brink of disaster. Its water is shared by seven states, which is a big part of the problem. Jonathan Vigliotti reports.