Stocks bounce back after steep selloff last week
Financial markets rebounded Tuesday, but some analysts think U.S. stocks have yet to touch bottom.
Economy
White House says recession is not inevitable
As inflation remains high and the stock market falls, U.S. Treasury Secretary Janet Yellen and other White House officials are amplifying President Joe Biden's message that a recession is not inevitable. CBS News anchors Anne-Marie Green and Vladimir Duthiers spoke with political correspondent Caitlin Huey-Burns about the Biden Administration's potential plans to offer temporary relief from rising gas prices.
MoneyWatch: Janet Yellen on recession fears
The Federal Reserve raised interest rates as all major stock averages ended last week in the negative, but U.S. Treasury Secretary Janet Yellen said a recession is neither "imminent" nor "inevitable." Akane Otani, a reporter at The Wall Street Journal, spoke with "CBS News Mornings" about Yellen's comments amid growing fears about the future of the economy.
This week on "Face the Nation with Margaret Brennan," June 19, 2022
White House Director of the National Economic Council Brian Deese, Dr. Scott Gottlieb, Rep. Zoe Lofgren and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Biden predicts a recession is "not inevitable"
President Joe Biden, in an interview with The Associated Press Thursday, said the American people are "really, really down" because of COVID-19 and high prices.
Mortgage rates in the U.S. jump by most in 35 years
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
The Fed announces aggressive interest rates
The Federal Reserve intensified its fight against high inflation Wednesday by raising the interest rate by 0.75%, the largest increase since 1994. The rate hike signals more hikes ahead as it tries to slow the economy without causing a recession. Carter Evans reports.
Anger brews over official's call for Pakistanis to drink less tea
The government minister's suggestion on how to people might help to ease Pakistan's economic crisis didn't go down well.
6/15: Red and Blue
Biden pushes oil companies on gas production; FDA panel supports COVID vaccine for kids under 5
Biden calls out oil companies as gas prices soar
President Biden sent letters to several U.S. oil companies Wednesday, asking them to do more to reduce the price of gas. Zeke Miller, a CBS News political contributor and White House reporter for the Associated Press, joined Matt Pieper to discuss the issue.
Fed issues largest rate hike in decades
The Federal Reserve issued its largest interest rate hike in nearly three decades as it tries to slow the economy without causing a recession. Carter Evans has more on what that means.
Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Fed to consider aggressive action amid high inflation
An expected interest rate hike comes as everything from gas and food to air travel have seen the largest annual increase in decades. Interest rate hikes could potentially create more economic pain for consumers by increasing borrowing costs and discouraging spending. Meg Oliver reports.
Stocks sink as index enters bear market
U.S. stocks are down this week in response to rising inflation and recession concerns. Melissa Armo, a professional trader and the founder and owner of The Stock Swoosh, spoke with "CBS News Mornings" about the stock index entering bear market territory and what that means for the economy.
How to manage investments in a bear market
Making the right moves with your investments and retirement plan is key when the stock market is in free fall like it has been. Joe Saluzzi, partner and co-founder of Themis Trading spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about what to do with your portfolio.
S&P 500 reaches bear market
After weeks of turmoil, the S&P 500 closed in bear market territory on Monday for the first time since the beginning of the pandemic. Naomi Ruchim joins "CBS News Mornings" to break down the impact we're seeing on the economy.
Biden set to make remarks on U.S. economy
The president travels to Philadelphia today and is expected to comment on the country's economy as stocks fall into a bear market. CBS News Chief White House correspondent Nancy Cordes joins CBS News Mornings with more analysis.
Economy expert on stock market slump
Wall Street has entered a bear market, but experts warn you shouldn't do anything rash. CBS News Business Analyst Jill Schlesinger spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about how to handle your finances in a down market, and what's to blame for plummeting prices.
Stocks continue to fall, a day after S&P enters bear market
Volatility follows Monday's turmoil which brought panic among many worried about their 401(k) retirement savings.
5/15: Face The Nation
This week on “Face the Nation with Margaret Brennan,” we have the latest on the deadly shooting in Buffalo, New York, with Mayor Byron Brown and Gov. Kathy Hochul. Plus, the latest from Ukraine, and a look ahead to Tuesday’s Republican primary in Pennsylvania.
Average gas prices top $5 for first time ever
For the first time ever, the average price for a gallon of gas in the U.S. is above $5. And many in America are feeling the squeeze well beyond the pumps. Lilia Luciano reports from Los Angeles.
Inflation soars to 40-year high
President Biden addressed the inflation crisis in a briefing at the Port of Los Angeles Friday. CBS News senior White House and political correspondent Ed O'Keefe reports.
U.S. inflation surging at fastest pace in 40 years
Prices are skyrocketing as inflation is surging at its fastest pace in more than 40 years. Rampant inflation is hitting America's pocketbooks, but it's also impacting President Biden, as surveys show Americans see it as the nation's top problem. Ed O'Keefe has the latest.
High inflation hampers summer travel plans
Vacation inflation is hitting summer travelers. Airfare, hotel and rental car costs have skyrocketed compared to recent years. Kris Van Cleave takes a look.
This week on "Face the Nation with Margaret Brennan," June 12, 2022
Rep. Adam Kinzinger, Dr. Jillian Peterson, Dr. James Densley of The Violence Project and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Federal agents involved in Pretti shooting placed on administrative leave, source says
The federal agents who were involved in Saturday's deadly shooting of Alex Pretti in Minneapolis have been placed on administrative leave, a federal law enforcement official confirmed to CBS News.
Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
Dozens confirmed dead as extreme cold continues to grip much of U.S.
The death toll continues to rise from a massive winter storm that left an ongoing spell of freezing weather in its wake.
Rubio: U.S. doesn't expect to take further military action in Venezuela "at any time"
Secretary of State Marco Rubio testified before Congress about Nicolás Maduro's capture and the future of Venezuela, and also fielded questions about Iran and Greenland.
Trump warns Iran to make a nuclear deal, threatening new U.S. attack
Suggesting Iran could suffer the same fate as Venezuela, Trump warns Tehran to negotiate a new nuclear agreement, or face "major destruction."
Would-be assassin of Iranian dissident set for sentencing in Manhattan
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.
CBS Boise chief meteorologist Roland Steadham killed in plane crash
Roland Steadham and one other person were aboard a small plane that crashed into the icy Payette River on Tuesday.
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
9 anti-ICE protesters arrested at Sen. Collins' Portland office
Police arrested nine people who were protesting against ICE at Sen. Susan Collins' Portland, Maine office.
U.S.
More U.S.
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
Federal agents involved in Pretti shooting placed on administrative leave, source says
The federal agents who were involved in Saturday's deadly shooting of Alex Pretti in Minneapolis have been placed on administrative leave, a federal law enforcement official confirmed to CBS News.
Dozens confirmed dead as extreme cold continues to grip much of U.S.
The death toll continues to rise from a massive winter storm that left an ongoing spell of freezing weather in its wake.
Apple's Tim Cook calls for "de-escalation" after Alex Pretti's killing
Cook is joining other CEOs in weighing in on federal immigration enforcement following Pretti's killing on Jan. 24.
What TikTok wants to know about you now that it's in U.S. hands
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
MoneyWatch
More MoneyWatch
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
Are Trump's tariffs fueling a boom in trade deals for China and India?
As Trump's unpredictable tariff tactics prompt longtime U.S. trade partners to find alternatives, India and China seem happy to step in and get deals done.
Apple's Tim Cook calls for "de-escalation" after Alex Pretti's killing
Cook is joining other CEOs in weighing in on federal immigration enforcement following Pretti's killing on Jan. 24.
What TikTok wants to know about you now that it's in U.S. hands
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
Tax season is here — don't fall for these common scams
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
Politics
More Politics
Federal agents involved in Pretti shooting placed on administrative leave, source says
The federal agents who were involved in Saturday's deadly shooting of Alex Pretti in Minneapolis have been placed on administrative leave, a federal law enforcement official confirmed to CBS News.
9 anti-ICE protesters arrested at Sen. Collins' Portland office
Police arrested nine people who were protesting against ICE at Sen. Susan Collins' Portland, Maine office.
Former law enforcement trainer sees "unanswered questions" in Alex Pretti's shooting
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.
Rubio: US doesn't expect to take further military action in Venezuela "at any time"
Secretary of State Marco Rubio testified before Congress about Nicolás Maduro's capture and the future of Venezuela, and also fielded questions about Iran and Greenland.
DOJ says it will finish releasing Epstein files soon, but doesn't offer timeline
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.
HealthWatch
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South Carolina measles outbreak now larger than Texas' in 2025, new data shows
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Trump policies at odds with emerging understanding of COVID's long-term harm
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.
Pediatrics group releases vaccine recommendations, breaks with CDC
The AAP is recommending immunization against 18 diseases. Earlier this month, the CDC reduced its recommendations for childhood vaccines to 11 diseases.
Academy of Pediatrics vaccine reccomendations
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.
Winter storm brings warnings about heart attack risk of shoveling snow
Cardiologists say shoveling snow can increase a person's risk of experiencing a heart attack.
World
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Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
Colombian security forces kill 5 members of powerful cocaine cartel
President Donald Trump is set to host Gustavo Petro at the White House for talks on combatting drug trafficking from Colombia, the world's top cocaine producer.
Are Trump's tariffs fueling a boom in trade deals for China and India?
As Trump's unpredictable tariff tactics prompt longtime U.S. trade partners to find alternatives, India and China seem happy to step in and get deals done.
Australia kills wild dogs linked to death of woman, sparking backlash
Australian authorities said six wild dogs were put down after 19-year-old backpacker Piper James's body was found at a beach on the island of K'gari.
Trump warns Iran to make a nuclear deal, threatening new U.S. attack
Suggesting Iran could suffer the same fate as Venezuela, Trump warns Tehran to negotiate a new nuclear agreement, or face "major destruction."
Entertainment
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Entertainment
Peyton List on new season of "School Spirits"
Peyton List, who stars in the series "School Spirits" talks to "CBS Mornings" about the show's third season, her desire for her character to get closure and performing in off-Broadway's "Heathers The Musical."
Rosé opens up about success, self-doubt
Singer Rosé is the first K-pop star to have a song nominated in the Grammy's main categories, including record of the year and song of the year. She spoke to "CBS Mornings" about why she's still coming to terms with her success.
Natalia Lafourcade reflects on music career
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.
Ye, formerly Kanye West, reveals brain injury, apologizes for antisemitic remarks
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.
Sundance Film Festival leaving Park City, Utah
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.
Technology
More Technology
Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
What TikTok wants to know about you now that it's in U.S. hands
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
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.
Newsom launches probe into TikTok
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.
Social media addiction case begins
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.
Science
More Science
Mysterious dark matter seen in new map of distant galaxies
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.
Cow develops technique to scratch herself
"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.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
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.
Crime
More Crime
Crime
Details on man who charged at Rep. Omar
More details are emerging about 55-year-old Anthony Kazmierczak, the man detained after charging at Minnesota Rep. Ilhan Omar during a town hall meeting on Tuesday. CBS News' Ian Lee reports.
Colombian security forces kill 5 members of powerful cocaine cartel
President Donald Trump is set to host Gustavo Petro at the White House for talks on combatting drug trafficking from Colombia, the world's top cocaine producer.
Man to be sentenced for Iranian's murder plot
CBS News contributor Masih Alinejad is expected in court to face the man convicted of plotting to kill her. CBS News' Katrina Kaufman reports.
New details in shooting of Indiana judge
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.
Government report on Alex Pretti shooting
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.
Space
More Space
Mysterious dark matter seen in new map of distant galaxies
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.
More on Virgin Galactic all-female space crew
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.
NASA's Artemis II mission clears big hurdle
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.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
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.
Latest Galleries
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Notable Deaths in 2025
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
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Breaking down the NTSB findings on D.C. crash
Greg Feith, a former NTSB air safety investigator, joins CBS News to discuss the NTSB report that found a series of "systemic failures" led to the deadly midair collision of a plane and helicopter above Washington, D.C., in January 2025.
Coast Guard icebreaker operation in New York
The U.S. Coast Guard is clearing paths across New York City's harbor as extreme cold temperatures continue to grip the area following last weekend's winter storm. CBS News correspondent Tom Hanson has more from New York and meteorologist Jessica Burch has a look at the forecast.
Murphy presses Rubio on Venezuela timeline
Democratic Sen. Chris Murphy pressed Secretary of State Marco Rubio about a timeline for Venezuela's transition from an autocratic to a democratic regime. Rubio also testified at the Senate hearing that the only U.S. military presence in Venezuela will be the Marines providing security at the embassy.
Rubio grilled on Venezuela operation
State Secretary Marco Rubio is facing questions from members of the Senate Foreign Relations Committee regarding the U.S. operation in Venezuela to capture Nicolás Maduro. CBS News' Olivia Gazis reports.