Facebook parent Meta posts first revenue drop in company's history
"Questions about Meta's leadership" contributed to the decline, said Raj Shah, a managing partner at Publicis Sapient.
Economy
Federal Reserve preps rate hike announcement
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.
U.S. stocks tumble over fears of another Fed rate hike
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.
Consumer confidence index falls again
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.
White House braces for economic indicators
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.
Stocks sink after weak profit report from Walmart
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Biden's COVID-19 symptoms almost gone, doctor says
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.
7/25: CBS News Mornings
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
Americans cash in on strong dollar in Europe: "Now is the best time to come"
The U.S. dollar is now the strongest it's been against the euro for two decades — now $1 just about equals 1 euro.
Unemployment applications reach 8-month high
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.
U.S. jobless claim rise in mid-July
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.
Americans filing jobless claims at highest level in 8 months
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
MoneyWatch: Existing home sales fell in June
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 lawmakers elect new president
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.
7/20: CBS News Mornings
Dangerous heat wave hits U.S. and Europe; Package sizes for products get smaller as companies react to inflation
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
How to avoid financial fraud and tax scams
CBS News business analyst Jill Schlesinger joins “CBS Mornings” to discuss IRS scams and how to avoid them. She shares red flags to watch for, and how to report them to the government.
CBS Evening News, July 15, 2022
Biden holds controversial meeting with Saudi crown prince; "CBS Evening News" viewers help raise $45,000 for family struggling to afford gas
Goldman Sachs' CEO on small businesses
Goldman Sachs' CEO David Solomon joins “CBS Mornings” with his financial outlook and why the company is trying to get more support for small businesses.
Making sense of the economy amid inflation
Economists were spot on that our post-pandemic recovery will not follow the normal rules. However, we now find ourselves watching inflation skyrocket as fuel prices fall. Derek Thompson, staff writer at the Atlantic, joins CBS News to discuss his latest piece, titled "The Everything-Is-Weird Economy."
Federal Reserve signals possible rate hike
The Federal Reserve is signaling it could again raise interest rates. Matt Luzzetti, senior U.S. economist at Deutsche Bank, speaks with CBS News’ Adriana Diaz on what this could mean for American consumers.
Europe feels pain of soaring fuel costs as Ukraine war drags on
In Italy more people are heading to food banks, while Germans are turning down the AC to prep for energy rationing.
Open: This is "Face the Nation with Margaret Brennan," July 17
This week on “Face the Nation with Margaret Brennan,” with inflation now hitting over 9%, we have a string of guests to talk about the state of the American economy as experts fear a recession is coming. Plus, more on the subpoena to the U.S. Secret Service sent by the House select committee investigating the Jan. 6 attack on the U.S. Capitol with member Rep. Adam Kinzinger.
Viewers donate to family struggling to afford gas
"CBS Evening News" viewers helped raised more than $45,000 for a family who was struggling to pay for gas to get their daughter who has cancer to her medical appointments. The family won't have to rely on high-interest payday loans to buy gas thanks to the donations.
TechWatch: Tech companies upping layoffs
Technology companies have increasingly laid off workers in recent months. CBS News tech reporter Dan Patterson dives into the pattern of more layoffs and slower hiring.
Live
Iran touts video of ship seizures as Trump keeps quiet on his next move
Iran releases video showing commandos seizing ships in the Strait of Hormuz as Trump remains largely silent on his next move in the war.
Senate adopts budget resolution in effort to fund ICE
The Senate adopted a budget resolution after a five-hour "vote-a-rama," with the GOP moving forward to fund ICE without Democrats.
Justice Department eases restrictions on some marijuana products
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
Prince Harry implores U.S. to do more for Ukraine during surprise Kyiv visit
Prince Harry made an unannounced visit to Ukraine on Thursday to show his support for the country.
Cotton pushes bill to help critical infrastructure defend against drone threat
Cotton says current law leaves U.S. power grids, wastewater plants, and other high-risk sites exposed to emerging drone threats.
Judge blocks Virginia from using new House maps, 1 day after redistricting vote
A state court judge on Wednesday blocked Virginia from moving forward with a redistricting effort that passed a day earlier, a roadblock in Democrats' efforts to redraw the state's congressional maps.
Exclusive
Family "is heartbroken" to learn soldier's wife won't be released by ICE after all
The wife of Sgt. First Class Jose Serrano is being held at an ICE detention center in El Paso.
Judge approves $425 million Capital One settlement. Here's what to know.
The settlement stems from claims Capital One paid lower interest on older savings accounts while offering higher rates on a similar product.
U.S.
More U.S.
Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Cotton pushes bill to help critical infrastructure defend against drone threat
Cotton says current law leaves U.S. power grids, wastewater plants, and other high-risk sites exposed to emerging drone threats.
Justice Department eases restrictions on some marijuana products
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Judge approves $425 million Capital One settlement. Here's what to know.
The settlement stems from claims Capital One paid lower interest on older savings accounts while offering higher rates on a similar product.
Police seek 17-year-old suspect in shooting near University of Iowa
Iowa City police are searching for a 17-year-old suspect charged in connection with a shooting that injured five near the University of Iowa over the weekend.
MoneyWatch
More MoneyWatch
Judge approves $425 million Capital One settlement. Here's what to know.
The settlement stems from claims Capital One paid lower interest on older savings accounts while offering higher rates on a similar product.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
Rents around the U.S. are growing more slowly than they have in years
The cost of renting a home, which surged during the pandemic, is showing signs of returning to earth, new data shows.
Crypto mogul sues Trump family's World Liberty Financial, alleging fraud
Sun alleges that World Liberty Financial froze the digital tokens he had purchased, locking him out of assets worth as much as $1 billion.
Anthropic investigating possible breach of its Mythos AI model
The AI company behind the chatbot Claude is looking into a report of unauthorized access to Mythos from one of its third-party vendor environments.
Politics
More Politics
Cotton pushes bill to help critical infrastructure defend against drone threat
Cotton says current law leaves U.S. power grids, wastewater plants, and other high-risk sites exposed to emerging drone threats.
Justice Department eases restrictions on some marijuana products
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Senate adopts budget resolution in effort to fund ICE
The Senate adopted a budget resolution after a six-hour "vote-a-rama," with the GOP moving forward to fund ICE without Democrats.
All U.S. attorney's offices must assign a prosecutor to new fraud division: Memo
In the memo, Assistant Attorney General Colin McDonald said detailing a prosecutor from each U.S. attorney's office is aimed to help "execute a nationwide strategy to eliminate fraud in every district."
Judge blocks Virginia from using new House maps, 1 day after redistricting vote
A state court judge on Wednesday blocked Virginia from moving forward with a redistricting effort that passed a day earlier, a roadblock in Democrats' efforts to redraw the state's congressional maps.
HealthWatch
More HealthWatch
Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
World
More World
U.S. forces board Iran-linked vessel amid tit-for-tat ship interdictions
U.S. forces have intercepted and boarded another "stateless" vessel linked to Iran, the U.S. military says.
Prince Harry implores U.S. to do more for Ukraine during surprise Kyiv visit
Prince Harry made an unannounced visit to Ukraine on Thursday to show his support for the country.
Ecuador to extradite notorious drug gang leader to U.S.
Dario Penafiel, known as "Topo," allegedly worked closely with one of Ecuador's most powerful drug lords, Adolfo Macias, alias "Fito."
Live
Iran touts video of ship seizures as Trump keeps quiet on his next move
Iran releases video showing commandos seizing ships in the Strait of Hormuz as Trump remains largely silent on his next move in the war.
Hungary drops veto, clearing path for $106 billion EU loan to Ukraine
The move may signal a more constructive relationship between Ukraine and the European Union following the ouster of Hungarian Prime Minister Viktor Orbán earlier this month.
Entertainment
More Entertainment
Entertainment
DiCaprio speaks at 2016 Paris Agreement signing
On April 22, 2016, the U.N. held a signing ceremony for the Paris Agreement, an international treaty aimed at curbing climate change, featuring several speakers from various nations, including actor and environmental activist Leonardo DiCaprio. Watch his full speech from the event.
Donnie Wahlberg talks "Boston Blue" success
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.
Vinyl record sales continue resurgence
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Opening statements in Weinstein rape retrial
Opening statements have concluded in Harvey Weinstein's New York rape retrial. CBS News' Jericka Duncan has more.
D4vd charged with murder in14-year-old's death
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Technology
More Technology
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
How to dispose of e-waste this Earth Day
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
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.
Meta to track workers' computer use to train AI
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company's artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss.
Trump Media replaces CEO Devin Nunes as its losses top $1 billion
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
Science
More Science
Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Crime
More Crime
Crime
Scammers are using AI to fuel fraud schemes
The Internal Revenue Service is warning about scammers using AI tools to carry out crypto fraud schemes. CBS News' Anna Schecter reports.
Police seek 17-year-old suspect in shooting near University of Iowa
Iowa City police are searching for a 17-year-old suspect charged in connection with a shooting that injured five near the University of Iowa over the weekend.
Ecuador to extradite notorious drug gang leader to U.S.
Dario Penafiel, known as "Topo," allegedly worked closely with one of Ecuador's most powerful drug lords, Adolfo Macias, alias "Fito."
Remains found of 3 Memphis children may have been there for years, police say
Memphis authorities say they are investigating the discovery of remains of three children, believed to be between 3 and 7 years of age, that could have been there for years.
Parents of slain Loyola freshman speak out
The parents of Sheridan Gorman, the Loyola University student who police say was gunned down last month by an undocumented immigrant, spoke out for the first time with CBS News' Matt Gutman.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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
U.S.-Mexico border changes since Trump
Illegal crossings at the U.S.-Mexico border have dropped since President Trump began his second term. CBS News' Camilo Montoya-Galvez reports.
Latest news on destructive Georgia wildfires
Wildfires fueled by dry conditions are still raging in Southeast Georgia. CBS News' Skyler Henry and Rob Marciano report.
Iran targets ships in Strait of Hormuz
Iran released video that appears to show ship seizures in the Strait of Hormuz. This comes as a top Pentagon official suddenly steps down from his post. CBS News' Aaron Navarro and Aaron MacLean have more.
Spirit in bailout discussions, sources say
Spirit Airlines is in advanced bailout discussions with the Trump administration, sources familiar with the negotiations told CBS News. Kris Van Cleave reports.
Behind the rise of Big Brothers Big Sisters
In the series "USA to Z," "CBS Mornings" looks at how the nonprofit Big Brothers Big Sisters of America has provided opportunities and mentorship for more than a century. Steve Hartman reports.