Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
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The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
One industry reeling from President Trump's tariffs is American toy makers. Jay Foreman, CEO of Basic Fun!, the toymaker selling brand names like My Little Pony, Tonka Trucks and Lincoln Logs, joins CBS News to discuss the impact.
Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will sit down with their Chinese counterparts in Switzerland for trade talks this weekend, but they'll do so after President Trump said the U.S. will not lower tariffs against China to kick-start talks. CBS News White House reporter Aaron Navarro has the newest details.
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Founder and CEO of Finance is Cool Haley Sacks, known online as "Mrs. Dow Jones," joins "CBS Mornings" to share some actionable steps consumers can take to help boost their wealth and spend smarter. (Sponsored by Verizon)
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
President Trump has not shied away from his praise for the cryptocurrency industry, but the actions he's taking to bolster it and profit from it are raising widespread ethics concerns. The Daily Beast political reporter Sarah Ewall-Wice joins "America Decides" with more.
The food delivery service is reporting record quarterly revenue despite Americans' waning sentiment on economy.
Sen. Cory Booker protests Trump administration policies in all-night speech on Senate floor; Israel ramps up strikes in Gaza amid renewed ceasefire negotiations with Hamas.
President Trump prepares to unveil reciprocal tariffs on imported goods; North Carolina radio station becomes a voice of recovery after Hurricane Helene.
President Trump is expected to announce tariffs at a "Make America Wealthy Again" event tomorrow; China carries out military drills near Taiwan.
The owner of the Three Brothers Diner says customers are cutting back on spending amid economic worries.
While many businesses are steeling themselves for trade war losses, the American steel industry has a brighter outlook. Elaine Quijano reports.
A new report shows a solid labor market, but economic uncertainty is brewing among small businesses. Kelly O'Grady visits a Connecticut diner that is feeling the strain.
The Trump administration has unveiled its budget blueprint for 2026. Now, it's only a matter of getting Congress on board. Plus, more jobs were added to the U.S. economy in April than expected, despite uncertainty with the Trump administration's tariff plans against trade partners. CBS News' Willie James Inman and Jo Ling Kent have the latest.
Employers added 177,000 jobs last month as the labor market keeps humming, for now, despite all the turmoil caused by President Trump's tariffs. The White House is taking credit for the job growth after blaming former President Biden for the drop in gross domestic product earlier this week. Mr. Trump said this is a sign that Federal Reserve Chair Jerome Powell should cut interest rates. CBS News' Ed O'Keefe and Jo Ling Kent report.
Solid payroll gains last month are easing investor concerns about the U.S. tumbling into a recession in the near term, according to market watchers.
A Chinese exporter says Trump's tariffs simply aren't fair, while a U.S. buyer hopes for a trade war truce, because "China produces what you want."
Investors are reacting to strong earnings from two of America's biggest tech names, Microsoft and Meta. The Dow went up about 80 points on Thursday, one day after data showed the U.S. economy shrank in Q1 of 2025. CBS News contributor J.D. Durkin reports.
New numbers show the U.S. economy got smaller in the first three months of 2025. It's the first time it's happened since the pandemic. Many economists blame President Trump's tariffs for the decline in GDP, but the president said it's not his fault. CBS News' Weijia Jiang has more.
President Trump has claimed credit for some of the stock market's highs, but later blamed former President Joe Biden for the disappointing gross domestic product data that appeared to indicate a shrinking U.S. economy during the first quarter of 2025. CBS News' Weijia Jiang explains.
President Trump and his administration navigated some alarming points in the nation's latest gross domestic product report by blaming the previous administration and explaining how trade preparations ahead of tariffs may have impacted the data. CBS News' Natalie Brand reports.
The stock market rallied after gross domestic product data indicated a reversal in the U.S. economy. CBS News contributor Javier David breaks down the latest moves by investors.
Nevada has the highest concentration of tipped workers in the country, and many say they're struggling to keep up with inflation.
President Trump said the U.S. has seized an oil tanker, which Attorney General Pam Bondi said has been "used to transport sanctioned oil from Venezuela and Iran."
The Trump administration is proposing to ask visitors from countries with visa-free travel to the U.S. to submit five years of their social media history before they can enter.
Republican Rep. Brian Fitzpatrick of Pennsylvania introduced a discharge petition to try to bring a bill to the floor that would extend the Affordable Care Act subsidies by two years.
The legislation sets lawmakers' defense priorities and authorizes spending levels for the Defense Department and national security programs.
The conservative firebrand, who is retiring from Congress early, and the president are engaged in bitter falling-out.
Miami Mayor-elect Eileen Higgins will be the city's first Democratic mayor in nearly three decades.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Former University of Michigan football coach Sherrone Moore was booked into jail on Wednesday, just hours after he was fired.
Erika Kirk has a message for people who sought to justify the assassination of her late husband, Charlie Kirk.
Arrests across the U.S. have dropped by 25% compared to the onset of the pandemic in 2019, an analysis by the Council on Criminal Justice released Tuesday found.
Washington Gov. Bob Ferguson declared a statewide emergency, estimating that as many as 100,000 residents may soon face evacuation orders.
Miami Mayor-elect Eileen Higgins will be the city's first Democratic mayor in nearly three decades.
The Trump administration is adding another militarized zone to the southern U.S. border to support border security operations — this time in California, officials say.
Federal prosecutors in New York moved to drop charges against former Fox employee Hernan Lopez and Full Play Group, an Argentine sports media rights company.
Federal prosecutors in New York moved to drop charges against former Fox employee Hernan Lopez and Full Play Group, an Argentine sports media rights company.
Here are the top 20 largest Powerball and Mega Millions jackpots in history, and the odds of winning them.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Canada has launched an initiative aimed at drawing leading researchers to the country.
Here's how many employees say they are feeling amid festering concerns about the economy, AI and other issues, according to the job-search firm.
The conservative firebrand, who is retiring from Congress early, and the president are engaged in bitter falling-out.
Miami Mayor-elect Eileen Higgins will be the city's first Democratic mayor in nearly three decades.
The Trump administration is adding another militarized zone to the southern U.S. border to support border security operations — this time in California, officials say.
The U.S. seized a 20-year-old oil tanker called The Skipper off the coast of Venezuela on Wednesday, three sources told CBS News. Here's what we know about the boat and the operation.
Erika Kirk has a message for people who sought to justify the assassination of her late husband, Charlie Kirk.
CBS News chief medical correspondent Dr. Jon LaPook speaks at length with former CDC director Dr. Rochelle Walensky about the hepatitis B vaccine and last week's vote by the CDC's vaccine advisory panel to change the recommendation for when children should get their first dose of the vaccine.
Genesis HealthCare's bankruptcy case in Dallas will allow the nursing home chain to avoid paying millions of dollars it promised for residents who were injured or died while in its care.
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
María Corina Machado had been in hiding in Venezuela since January, when she was briefly detained after joining supporters in a protest in Caracas.
The U.S. seized a 20-year-old oil tanker called The Skipper off the coast of Venezuela on Wednesday, three sources told CBS News. Here's what we know about the boat and the operation.
President Trump said the U.S. has seized an oil tanker, which Attorney General Pam Bondi said has been "used to transport sanctioned oil from Venezuela and Iran."
Canada has launched an initiative aimed at drawing leading researchers to the country.
The Coast Guard said it has seized more than 150,000 pounds of cocaine in the Eastern Pacific Ocean, including a record-breaking bust earlier this month.
Singer-songwriter Sombr is up for Best New Artist of the Year at the Grammy Awards. He was the only writer on his debut album, "I Barely Know Her." He spoke to Anthony Mason about where his journey began and his whirlwind year.
Grammy-winning country music superstar Carly Pearce joins "CBS Mornings" to talk about her highly-anticipated fifth studio album, fans relating to the lyrics in her music and being vulnerable.
Five-time Grammy Award winner Joe Bonamassa may already hold the record for the most No. 1 albums on the Billboard blues albums chart with 29, but he has no plans to stop anytime soon. His upcoming album is a tribute to B.B. King and includes tracks from artists like Aloe Blacc and Eric Clapton. "CBS Mornings" gets a behind-the-scenes look.
Sophie Kinsella, whose real name was Madeleine Wickham, was diagnosed with aggressive brain cancer in 2022.
Lucas Bravo, who stars as Gabriel in "Emily in Paris," talks about the new season of the show, what he loves about his character and working with Lily Collins. Plus, he discusses playing a villain role in the series, "The Seduction."
With the world's first social media ban for children and teenagers under 16 now in effect in Australia, its initial political architect reveals it was personally inspired by his wife, for their four children.
For thousands of parents in 39 countries, including the U.S., the goal is simple: More time outdoors, and a childhood lived offline as much as possible.
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.
Australia began enforcing a social media ban for kids under the age of 16. CBS News' Ramy Inocencio reports.
A U.K. couple started with a simple message, asking on Instagram if other parents could ban together to start a smartphone-free childhood. It's now grown to a global movement, with a chapter in 39 countries. Leigh Kiniry reports.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Arrests across the U.S. have dropped by 25% compared to the onset of the pandemic in 2019, an analysis by the Council on Criminal Justice released Tuesday found.
Officials warn that more unserialized, untraceable ghost guns found on New York City's streets could soon spread to other areas across the U.S. CBS News' Anna Schecter has more.
On Capitol Hill, a Senate Committee heard from experts who warn that predators are targeting and manipulating young people online. A growing number of reports point to a virtual network of abusers known as "764" who coerce young victims into hurting themselves or others. CBS News' Anna Schecter reports.
A suspect is in custody after two students at Kentucky State University were shot and one died on Tuesday, police said. CBS News' Tom Hanson has the latest.
The Coast Guard said it has seized more than 150,000 pounds of cocaine in the Eastern Pacific Ocean, including a record-breaking bust earlier this month.
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Nestled between booths and shops in downtown McKinney, Texas, the "Grandma Stand" gives away something you can't put a price on. Omar Villafranca paid a visit.
More than 1 million American workers have been laid off this year -- several hundred of them in Brawley, California. Mark Strassmann traveled there to examine the ripple effects of those layoffs on the local economy.
American forces have seized an oil tanker off the coast of Venezuela, marking a major escalation in tensions with Venezuela as the U.S. military continues to build up its presence in the Caribbean. CBS News' Erica Brown and James LaPorta have the latest.
Months after a flash flood killed over two dozen campers and counselors in Texas, a new flash flood warning system is being installed at Camp Mystic. Jason Allen has the exclusive story.
President Trump's speech in Pennsylvania was billed as an economic address, but it's getting more attention for the grievances he aired about Democratic Rep. Ilhan Omar of Minnesota. Nancy Cordes reports and Robert Costa joins with analysis.