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Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
Prices for meat, poultry, fish, eggs and dairy products increased at a higher rate at discount stores than many other grocery stores -- a sign that inflation is hitting people who can least afford the price increases the hardest. Carter Evans takes a look.
The Federal Reserve raised its benchmark interest rate by 0.75 percentage point as it tries to slow spending to lower inflation without pushing the economy into a recession.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.
With the midterm elections just weeks away, the economy and abortion have emerged as key issues on the minds of voters. Democratic Rep. Cheri Bustos of Illinois, a former chair of the Democratic Congressional Campaign Committee, joined "Red and Blue" to discuss the midterms.
The Supreme Court declined to block Indiana University's requirement for students to be vaccinated. Justices also struck down part of New York's statewide halt on evictions. CBS News legal contributor and Loyola Law School professor Jessica Levinson spoke to CBSN's Tanya Rivero about the impact of the decisions.
The United Nations General Assembly is bringing together world leaders in person for the first time since the start of the pandemic. The event comes at a time of immense global challenges, including the war in Ukraine, economic uncertainty and concerns about climate change. CBS News correspondent Pamela Falk joins us with more.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
CBS News senior national correspondent Mark Strassmann reports from Los Angeles on fears that inflation may be much more entrenched and sticky than previously thought.
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
The Federal Reserve announced it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the biggest surge in U.S. inflation in four decades. CBS News senior White House and political correspondent Ed O'Keefe and Stephen Gandel, news editor for The New York Times' DealBook, join CBS News to discuss the implications of the decision.
Democrats see Pennsylvania as a crucial battleground as they fight to hold on to their congressional majorities. But economic headwinds are a challenge. Robert Costa has the latest.
Investors on Wall Street are pessimistic on inflation after August's Consumer Price Index report showed prices rising. CBS News chief White House correspondent Nancy Cordes spoke with Treasury Secretary Janet Yellen about the state of the economy and the impact of a potential rail strike.
White House economic adviser Larry Kudlow joins Major to respond to Bob Woodward’s new book "Rage," the debate over another economic stimulus package, and systemic racism in the U.S., on this week's episode of the "The Takeout with Major Garrett."
Brown University political science professor Mark Blyth joins Major to discuss economics and the upcoming election on this week's episode of "The Takeout with Major Garrett."
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain why the stock market dipped and what the economy could look like heading into the holiday season.
The Consumer Price Index report for August tanked the stock market as inflation continued to slow at a snail's pace. Emil Michael, chairman and CEO of DPCM, joins CBS News to discuss the impact on the overall economy.
The U.S. Labor Department's latest Consumer Price Index report shows inflation rose 8.3% in August in comparison to one year ago. But prices increased by 0.1% for the month. CBS News chief White House correspondent Nancy Cordes joins us to discuss how the White House is responding to the report.
Gas prices have steadily dropped following the summer's national average peak of more than $5 per gallon. But Treasury Secretary Janet Yellen warns prices may rise again come winter. The Washington Post economics correspondent Abha Bhattarai joined CBS News' Tony Dokoupil and Lilia Luciano to discuss.
Borrowing costs for a conventional home loan have more than doubled over the last year.
U.S. Treasury Secretary Janet Yellen will deliver a speech in Detroit to help promote President’s Biden’s economic agenda and efforts to fight climate change. Aaron Weinman, Insider’s financial reporter and author of the “10 things on Wall Street” newsletter, joins “CBS News Mornings” to discuss.
Two agents fired their weapons during the fatal shooting of Alex Pretti, according to a report to Congress obtained by CBS News that doesn't mention Pretti reaching for his firearm.
Sources say Iowa is seen as a key part of the Trump team's strategy to keep the House in GOP hands.
The judge ordered the acting head of ICE to appear in his courtroom on Friday and explain why he should not be held in contempt of court.
More than half of House Democrats support impeaching Homeland Security Secretary Kristi Noem over the Trump administration's immigration crackdown.
A federal judge on Tuesday temporarily barred federal immigration officials from deporting 5-year-old Liam Conejo Ramos and his father.
A man suspected of smuggling immigrants in the country illegally has allegedly opened fire on Border Patrol agents, who returned fire, according to a law enforcement source.
In a new statement, Alex Pretti's sister says the man federal agents killed in Minneapolis "always wanted to make a difference in this world."
The "Doomsday Clock" is a metaphor for how close humanity is to self-annihilation.
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
NTSB Chair Jennifer Homendy said it was a series of "deep, underlying systemic failures" that "aligned to create the conditions that led to the crash" that killed 67 people.
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
A federal judge on Tuesday temporarily barred federal immigration officials from deporting 5-year-old Liam Conejo Ramos and his father.
A man suspected of smuggling immigrants in the country illegally has allegedly opened fire on Border Patrol agents, who returned fire, according to a law enforcement source.
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
Pinterest is cutting costs to create more cash flow for AI-focused roles and AI‑powered products, the company said in a filing Tuesday.
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Amazon acknowledged it hasn't yet "created a truly distinctive customer experience" in announcing move to scale back its brick-and-mortar grocery business.
UPS executive said the delivery company is moving to cut costs and plans to offer a voluntary separation program for full-time drivers.
Two U.S. Customs and Border Protection agents fired their weapons during the fatal shooting of Alex Pretti, according to a government report sent to Congress and obtained by CBS News that does not mention Pretti reaching for his firearm.
Composer Philip Glass has called off the premiere of his new symphony at the Kennedy Center, citing the performing arts venue's new leadership.
A federal judge on Tuesday temporarily barred federal immigration officials from deporting 5-year-old Liam Conejo Ramos and his father.
Leaders of three immigration enforcement agencies are set to testify before House and Senate committees next month.
More than half of House Democrats support impeaching Homeland Security Secretary Kristi Noem over the Trump administration's immigration crackdown.
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
The AAP is recommending immunization against 18 diseases. Earlier this month, the CDC reduced its recommendations for childhood vaccines to 11 diseases.
The American Academy of Pediatrics released its own recommendations for childhood vaccinations Monday. The list differs significantly from the reduced vaccine schedule released earlier this month by the CDC. Dr. Amanda Kravitz, pediatrician at Weill Cornell in New York City, joins CBS News to discuss.
Cardiologists say shoveling snow can increase a person's risk of experiencing a heart attack.
The families of two Trinidadian men who were killed in a boat strike sued the U.S. government, arguing the "premeditated and intentional killings lack any plausible legal justification."
Holocaust memorial officials and historians say a proliferation of "entirely fabricated" digital content is distorting the Nazi's wartime horrors.
With all Israeli hostages now recovered from Gaza, there's a push for the Israel-Hamas peace plan to move to phase-two, but that brings its own challenges.
As reports say ICE will join the U.S. security detail at the Winter Olympics in Milan, the Italian city's mayor calls it "a militia that kills."
Parts of Australia were sweltered in record temperatures of close to 122 degrees as the country sweated through a prolonged heat wave even as bitter cold covered much of the U.S.
Natalia Lafourcade is the most awarded woman in Latin Grammy history with 20 awards. This year, she's up for best Latin pop album at the Grammys, which would be her fifth Grammy if she wins. Lafourcade spoke to Anthony Mason about her music journey and rise to fame.
In a full-page ad in the Wall Street Journal, Ye, the artist formerly known as Kanye West, revealed that the right frontal lobe of his brain was injured in a car accident 25 years ago.
After more than 40 years, the Sundance Film Festival is leaving its longtime host of Park City, Utah, and heading to Boulder, Colorado. Sarah Horbacewicz reports.
As the face of Revlon, Lauren Hutton – called a "believable beauty" – became the highest-paid model in history, and still holds the record for most cover appearances on American Vogue. She talks about her adventurous life of no regrets.
She didn't set out to be a model, or an actress, and several agencies rejected the gap-toothed Lauren Hutton, before Eileen Ford gave her a shot. As the face of Revlon, Hutton became the highest-paid model in history, and still holds the record for most cover appearances on American Vogue. She talks with Anthony Mason about her adventurous life of no regrets – from living among the bushmen of the Kalahari, to a near-fatal motorcycle accident in 2000. Even of the low points she says, "I'd do it again in a second."
Tuesday marks the start of a landmark trial in a lawsuit claiming that social media companies are using addictive technology to hook children. TikTok, one of the giants being sued in this case, just agreed to settle and avoid the courtroom. CBS News' Shanelle Kaul and BBC Technology correspondent Lily Jamali have more.
TikTok settled a lawsuit ahead of the landmark California case set to begin over social media addiction. CBS News' Shanelle Kaul has more details.
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.
Amazon acknowledged it hasn't yet "created a truly distinctive customer experience" in announcing move to scale back its brick-and-mortar grocery business.
In a potentially bellwether case, a plaintiff alleges that social media companies deliberately design their platforms to target children.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
A federal judge in Minnesota has ordered Todd Lyons, the acting head of Immigration and Customs Enforcement, to appear in court and warned he could face possible contempt proceedings over an earlier order. CBS News' Scott MacFarlane reports.
Gov. Tim Walz says that he and President Trump shared a "productive" phone call Monday morning, during which he says the president agreed to consider a reduction of federal immigration enforcement forces in Minnesota.
Police were assisted by the navy and air force, as well as the U.K. and U..S authorities, in difficult weather conditions.
Homeland Secretary Kristi Noem claimed Alex Pretti attacked Border Patrol officers before he was fatally shot in Minneapolis, Minnesota. This comes as more Trump administration officials react to the incident. CBS News' Lana Zak and Natalie Brand report.
Political strategists Kristian Ramos and Rina Shah join CBS News with their reactions to Border Patrol killing Alex Pretti in Minneapolis, Minnesota.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
According to a new piece in The Washington Post, officers with the Department of Homeland Security have fired shots during arrests or at protesters 16 times since July 2025. Trump aides declared each one justified before waiting for investigations to be completed. Washington Post reporter David Nakamura joins to unpack his findings.
Attorney General Pam Bondi sent a letter to Minnesota Gov. Tim Walz on Saturday seeking access to the state's voter rolls hours after the killing of Alex Pretti by federal agents. Minnesota Secretary of State Steve Simon joins to discuss.
U.S. Central Command has confirmed that the USS Abraham Lincoln aircraft carrier strike group has arrived in the Middle East, coinciding with President Trump publicly mulling military action in the region due to the civil unrest in Iran. CBS News national security contributor Samantha Vinograd joins with analysis.
A partial government shutdown is looming over Congress due to funding for the Department of Homeland Security. CBS News congressional correspondent Nikole Killion reports.
President Trump again on Tuesday questioned why Alex Pretti had a gun when federal agents shot and killed him in Minneapolis. There is no evidence so far that Pretti, a legal gun owner, brandished his firearm before the shooting. Constitutional attorney Mark Smith, who served on Mr. Trump's first transition team, joins to discuss the Second Amendment implications of the case.