Major rent surge in Tampa Bay
Housing prices nationwide are up about 20%, but they've soared far more in the Tampa Bay area. Tampa Bay's home prices spiked nearly 36% and rents are up about 22% from last year. Mark Strassmann reports.
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Housing prices nationwide are up about 20%, but they've soared far more in the Tampa Bay area. Tampa Bay's home prices spiked nearly 36% and rents are up about 22% from last year. Mark Strassmann reports.
The Federal Reserve is expected to hike interest rates for the fourth time since March in an effort to curb inflation and avoid a recession. Kris Van Cleave reports.
Aditya Bhave, senior U.S. and global economist at Bank of America, joined CBS News' Jericka Duncan and Vladimir Duthiers to discuss the latest GPD report from the U.S. Commerce Department, which shows the economy shrank 0.9% in the second quarter of 2022.
Experts say Pyongyang will likely intensify its threats against the Washington and Seoul as the allies prepare to expand summertime military exercises.
For the fourth time this year, the Federal Reserve has raised its benchmark interest rate in a bid to slow record-high inflation. Megan Cassella, a reporter for Barron's, joined CBS News' Lana Zak to discuss.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The Federal Reserve made another move to try and tamp down rising prices by raising interest rates by 3/4 of a percentage point, the fourth hike this year. Kris Van Cleave shares the latest.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Economists and investors are bracing for another aggressive rate hike from the Federal Reserve today. The expected move would mark the fourth rate increase this year. Frances Stacy, the director of portfolio strategy for Optimal Capital, joins CBS News' Tanya Rivero and Christina Ruffini to discuss the central bank's upcoming meeting and its significance.
Strong financial results from Alphabet, Boeing and other corporate bellwethers helped lift investors' mood.
"Questions about Meta's leadership" contributed to the decline, said Raj Shah, a managing partner at Publicis Sapient.
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
Major financial reports are due out this week that are expected to give an idea of the direction the U.S. economy is headed, as President Biden continues to recover from his COVID-19 infection. CBS News chief White House correspondent Nancy Cordes spoke with Vladimir Duthiers and Jericka Duncan about when the president could come out of isolation and what to expect on the economic front.
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
President Biden's COVID-19 symptoms have almost completely gone away, his doctor said. CBS News political correspondent Caitlin Huey-Burns joins CBS News' Lana Zak to discuss Biden's condition, plus the White House's response to monkeypox, the upcoming GDP numbers and the semiconductor chips bill.
Oak Fire grows in California, forcing thousand to evacuate near Yosemite; Pope Francis will meet with Indigenous groups in Canada and apologize for abuse at schools
The U.S. dollar is now the strongest it's been against the euro for two decades — now $1 just about equals 1 euro.
The U.S. Labor Department's weekly jobs report showed 251,000 Americans filed for jobless benefits in the week ending July 16, marking the highest level in eight months. It raises concerns about a possible recession. Colby Smith, U.S. economics editor for the Financial Times, breaks down what this could mean.
The Department of Labor's weekly unemployment report shows there were 251,000 first time applications filed in the week ending July 16. Senior economic analyst and Washington bureau chief at Bankrate.com, Mark Hamrick, joined CBS News' Anne-Marie Green and Vladimir Duthiers with more on what this means for our economy.
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
As mortgage rates rise, the number of homes being sold is dropping. Existing home sales fell 5.4% in June. But housing prices are still still rising and reaching historic levels. Jessica Lautz, vice president of demographics and behavioral insight at the National Association of REALTORS, joins CBS News to discuss the latest housing report.
Sri Lanka votes in six-time Prime Minister Ranil Wickremesinghe as president after its former leader fled the country and resigned by email amid the worst economic crisis in the country's history. But the protesters blame the government for the country's financial woes and the election of a former so-called "holdout" from the government comes with some controversy.
Dangerous heat wave hits U.S. and Europe; Package sizes for products get smaller as companies react to inflation
Two agents fired their weapons during the fatal shooting of Alex Pretti, according to a report to Congress obtained by CBS News.
Suggesting Iran could suffer the same fate as Venezuela, Trump warns Tehran to negotiate a new nuclear agreement, or face "major destruction."
Rep. Ilhan Omar was calling for the abolishment of ICE and for Homeland Security Secretary Kristi Noem to resign when a man sitting in the front row rushed up and sprayed her. He was arrested and Omar was not injured, police said.
Republican Sen. Lisa Murkowski later echoed the sentiments shared by her colleague, Sen. Thom Tillis.
The hearing will be the first chance for lawmakers to publicly question the secretary of state about the capture of Nicolás Maduro and the future of the country.
Iranian dissident Masih Alinejad Will confront a man who was involved in a murder-for-hire plot against her at his sentencing in federal court in Manhattan.
A former federal law enforcement trainer says the fatal shooting of Alex Pretti by U.S. Customs and Border Protection officers raises serious concerns about their tactical decision-making and use of force.
Roland Steadham and one other person were aboard a small plane that crashed into the icy Payette River on Tuesday.
Amazon is cutting about 16,000 jobs after eliminating some 14,000 in October.
Roland Steadham and one other person were aboard a small plane that crashed into the icy Payette River on Tuesday.
The victims in a private jet crash in Bangor, Maine, include a Texas mother who had been planning her daughter's wedding and a chef from Hawaii.
A Texas man is slated to be first person executed in U.S. this year, for killing his ex-girlfriend and her new boyfriend. At one point he escaped for three days.
Video shows the NASA WB-57 plane touching down with a jolt, its wings bouncing as yellow fire and white smoke bursts from beneath it.
The hearing will be the first chance for lawmakers to publicly question the secretary of state about the capture of Nicolás Maduro and the future of the country.
Amazon is cutting about 16,000 jobs after eliminating some 14,000 in October.
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.
The hearing will be the first chance for lawmakers to publicly question the secretary of state about the capture of Nicolás Maduro and the future of the country.
A former federal law enforcement trainer says the fatal shooting of Alex Pretti by U.S. Customs and Border Protection officers raises serious concerns about their tactical decision-making and use of force.
Top Justice Department officials said Tuesday they expect to finish reviewing and publishing files on the late sex offender Jeffrey Epstein soon, but cannot provide a specific timeline.
Rep. Ilhan Omar was calling for the abolishment of ICE and for Homeland Security Secretary Kristi Noem to resign when a man sitting in the front row rushed up and sprayed her. He was arrested and Omar was not injured, police said.
Alex Pretti, the man fatally shot Saturday by Border Patrol officers, was a nurse at the Minneapolis VA hospital, where he worked with the sickest of the sick in the ICU.
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.
Suggesting Iran could suffer the same fate as Venezuela, Trump warns Tehran to negotiate a new nuclear agreement, or face "major destruction."
Iranian dissident Masih Alinejad Will confront a man who was involved in a murder-for-hire plot against her at his sentencing in federal court in Manhattan.
The trial comes months after the landmark drugging-and-rape case that turned Gisèle Pelicot into a global icon of the fight against sexual violence.
Amid an ongoing internet blackout in Iran, one man was able to get through and speak with CBS News, describing what he said was a massacre of anti-government protesters in early January.
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."
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."
The new American version of TikTok is under scrutiny as some users claim the app is suppressing anti-ICE or anti-Trump content. Now, California Gov. Gavin Newsom is launching an investigation into the complaints. CBS News MoneyWatch correspondent Kelly O'Grady reports.
A jury selection began on Tuesday in a landmark trial over alleged social media addiction. TikTok reached a late-night agreement Monday to settle the case. Stuart Benjamin, a professor at Duke Law School, breaks it down.
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.
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.
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.
Authorities say the shooting of an Indiana judge and his wife in their home was a gang attack and a planned assassination attempt. Five people were arrested last week and charged in the shooting. Jericka Duncan reports.
A U.S. Customs and Border Protection report shared with Congress does not mention Alex Pretti reaching for his firearm before he was killed, as alleged by Trump administration officials. CBS News' Matt Gutman reports.
A man charged at Minnesota Rep. Ilhan Omar during a town hall event in Minneapolis on Tuesday. Also, a government report sent to Congress reveals more details about the Border Patrol shooting of Alex Pretti. CBS News' Ian Lee reports.
A Texas man is slated to be first person executed in U.S. this year, for killing his ex-girlfriend and her new boyfriend. At one point he escaped for three days.
Iranian dissident Masih Alinejad Will confront a man who was involved in a murder-for-hire plot against her at his sentencing in federal court in Manhattan.
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.
Authorities say the shooting of an Indiana judge and his wife in their home was a gang attack and a planned assassination attempt. Five people were arrested last week and charged in the shooting. Jericka Duncan reports.
A U.S. Customs and Border Protection report shared with Congress does not mention Alex Pretti reaching for his firearm before he was killed, as alleged by Trump administration officials. CBS News' Matt Gutman reports.
A protester inside Iran is speaking out about the anti-government demonstrations and calling for President Trump and the U.S. to help. Ramy Inocencio reports.
A man who witnessed the Iranian response to anti-government protests described the gruesome scene and his hopes for the future of Iran. CBS News' Ramy Inocencio reports.
As millions across the eastern U.S. deal with frigid temperatures, nearly half a million people are still without power following the severe snow and ice storms over the weekend. Kati Weis reports.