The Fed's Powell is worried about the job market. Here are 3 red flags.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Economy
Economist on potential interest rate cut
Federal Reserve chair Jerome Powell signaled Friday that he could cut interest rates soon, which comes after months of pressure from the Trump administration. Allianz chief economic adviser Mohamed El-Erian tells "Face the Nation with Margaret Brennan" that many economists think Powell should cut rates earlier as well, saying that he believes that Powell "hasn't looked forward enough" on interest rates and that the Fed chair has "been very data dependent. And therefore, he has tended to be late."
Las Vegas tourism slumps, costing city billions
Tourism in Las Vegas is slumping this summer, costing the city billions. That could signal trouble ahead for the U.S. economy. Andres Gutierrez has new details.
Fed Chair Powell teases lower interest rates
Federal Reserve Chair Jerome Powell signaled Friday that he may lower interest rates. The announcement comes after months of pressure from the Trump administration.
Historian's book analyzes American capitalism
A new book called "Ages of American Capitalism" explores the Federal Reserve's role and other dimensions of economic history in America. Its author, historian Jonathan Levy, joins "The Takeout" to discuss.
Stocks skyrocket after Powell speech
Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Dow Jones soars over 800 points
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Fed Chair Jerome Powell signals path to rate cuts at Jackson Hole
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Products impacted by U.S.-EU trade deal
The Trump administration and the European Union are sharing new information about a trade framework between the EU and United States. CBS News senior business and technology correspondent Jo Ling Kent has the details.
U.S. and EU flesh out trade commitments under new framework deal
The U.S. and European Union said they have formalized a deal aimed at rebalancing their trade relationship.
4 reasons why the Trump tariffs haven't caused U.S. inflation to soar
For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
What to know as Target changes CEO
Target shares fell more than 6% on Wednesday after the retailer reported a quarterly drop in sales and announced a new CEO. Ted Rossman, a senior industry analyst for Bankrate, a financial services company, joins "The Daily Report" to discuss.
Inflation still outpacing wages, study finds
Four years after the pandemic caused prices to increase, a new study found that U.S. wages have still not caught up with inflation. Sarah Foster, a U.S. economy reporter and analyst for Bankrate, the service that released the report, joins "The Daily Report" to discuss.
S&P reaffirms the U.S. credit rating, citing higher tariff revenue
S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
Back to school season is here. See these tips to save money.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Why Nevada is facing worsening food insecurity
High costs and cuts to federal government subsidies have made the nation's food insecurity crisis worse. Andres Gutierrez reports on the struggle to put food on the table in Nevada.
Many U.S. jobs are falling further behind inflation, study finds
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
Air Canada union remains defiant after ordered to end strike on Monday
Canadian regulators once again ordered union leaders to end Air Canada's work stoppage on Monday, while employees remain defiant.
Youngstown, Ohio, revival gains momentum in former steel stronghold
After decades of steel mill closures and population loss, the city of Youngstown, Ohio, is drawing new investment and fostering small businesses.
How Youngstown, Ohio, is moving on from its past
After decades of steel mill closures and population loss, the city of Youngstown, Ohio, is drawing new investment and fostering small businesses. Dave Malkoff reports.
July wholesale prices up more than expected
The Dow Jones dipped slightly on Thursday after new inflation data showed that wholesale prices rose more than expected last month. CBS News senior business and technology correspondent Jo Ling Kent reports.
July wholesale prices higher than expected
U.S. wholesale inflation jumped unexpectedly in July, a sign that higher prices could soon hit consumers. Claire Jones, an economics editor for the Financial Times, joins to discuss.
Breaking down Trump's economic actions
A new Wall Street Journal article says that President Trump is emulating the Chinese Communist Party by extending political control deep into the economy. Barry Naughton, a professor from the University of California, San Diego, joins "The Takeout" to discuss the article.
Details emerge in case of former Cornell student alleging rape by frat members
A woman, identified only as Jane Doe, alleges she was gang-raped by seven fraternity members in 2024 and accuses Cornell University of failing to protect her.
Trump announces plans for largest steel plant in U.S. history to be built in Iowa
President Trump on Monday announced that the company Mesabi Metallics will build a $15 billion steel plant in Iowa over the coming years.
Alito recuses from major climate change case to be decided by the Supreme Court
The Supreme Court will soon hear arguments in the major climate change lawsuit between two energy companies and the city and county of Boulder, Colorado.
Live
Iran says it's up to Trump to choose between war and diplomacy
As the war with Iran hits the 7-month mark, Trump tells Axios he expects talks to resume despite neither side signaling willingness to change demands.
DOJ asks Supreme Court to allow policy ending medical care for transgender inmates
The Trump administration asked the Supreme Court to revive for now a policy cutting off medical interventions and social accommodations for transgender inmates.
SpaceX launches Starship on giant rocket's first flight to orbit
The Super Heavy-Starship rocket's 14th test flight, the first boosting the upper stage to orbit, marked a major milestone for both SpaceX and NASA.
Top FBI official Andrew Bailey resigns
Bailey was originally brought in to help ease tensions between former Attorney General Pam Bondi and former FBI Deputy Director Dan Bongino.
Pope Leo draws massive crowds in France. Is Catholicism making a comeback?
Large crowds in Paris and other parts of France offered a striking welcome for Pope Leo in one of Europe's most secular countries.
Princess Diana's brother says Buckingham Palace "has to gaslight" him
Charles Spencer, the brother of the late Princess Diana, spoke to "CBS Mornings" co-host Gayle King about writing his new book, "Swan Song: Diana, My Sister."
U.S.
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New York Times exec dies in California shooting; elderly in-laws accused of murder
An elderly couple in the San Francisco Bay Area is suspected of shooting and killing their 40-year-old son-in-law near a park over the weekend, police said.
Alito recuses from major climate change case to be decided by the Supreme Court
The Supreme Court will soon hear arguments in the major climate change lawsuit between two energy companies and the city and county of Boulder, Colorado.
Gas prices could soar if the U.S. bans diesel exports, economists say
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
Details emerge in case of former Cornell student alleging rape by frat members
A woman, identified only as Jane Doe, alleges she was gang-raped by seven fraternity members in 2024 and accuses Cornell University of failing to protect her.
Top FBI official Andrew Bailey resigns
Bailey was originally brought in to help ease tensions between former Attorney General Pam Bondi and former FBI Deputy Director Dan Bongino.
MoneyWatch
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Gas prices could soar if the U.S. bans diesel exports, economists say
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
Trump administration rolls back Biden-era fuel economy standards
Regulators estimate the new rule will result in an average of 34.9 miles per gallon by model year 2031, down from an earlier projection of 50.4 mpg.
Could AI really take over the internet? Here's what experts say.
Multiple incidents of AI "agents" going rogue have conjured up fears that they could take down the internet. Should we be worried?
Nvidia announces security system to stop AI agents from going rogue
Nvidia said more than 100 organizations are using the platform, which it says could have stopped the Hugging Face hack by OpenAI agents.
YouTube, the new path to Hollywood for filmmakers
Two of Hollywood's biggest hits this year – "Obsession" and "Backrooms," horror films with tiny budgets directed by YouTube creators – have studios searching for other social media-savvy talent, making YouTube a valuable new kind of film school.
Politics
More Politics
Alito recuses from major climate change case to be decided by the Supreme Court
The Supreme Court will soon hear arguments in the major climate change lawsuit between two energy companies and the city and county of Boulder, Colorado.
Top FBI official Andrew Bailey resigns
Bailey was originally brought in to help ease tensions between former Attorney General Pam Bondi and former FBI Deputy Director Dan Bongino.
Trump administration rolls back Biden-era fuel economy standards
Regulators estimate the new rule will result in an average of 34.9 miles per gallon by model year 2031, down from an earlier projection of 50.4 mpg.
Trump had private dinner with Anthropic CEO Dario Amodei
The dinner comes as Amodei has warned about the "exponential growth" of AI, and has called for safeguards on the industry, which President Trump has rejected.
DOJ asks Supreme Court to allow policy ending medical care for transgender inmates
The Trump administration asked the Supreme Court to revive for now a policy cutting off medical interventions and social accommodations for transgender inmates.
HealthWatch
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Food safety becomes election issue as major outbreaks, recalls cause concern
Recent outbreaks of foodborne illness and high-profile recalls have made food safety a concern of voters.
Teen's headache reveals family health risk: "Saving people's lives"
Minutes into a run, Caroline McCaffrey was struck with a massive headache. The resulting medical journey would reveal a family risk for a dangerous condition.
Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
World
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Pope Leo draws massive crowds in France. Is Catholicism making a comeback?
Large crowds in Paris and other parts of France offered a striking welcome for Pope Leo in one of Europe's most secular countries.
Princess Diana's brother says Buckingham Palace "has to gaslight" him
Charles Spencer, the brother of the late Princess Diana, spoke to "CBS Mornings" co-host Gayle King about writing his new book, "Swan Song: Diana, My Sister."
Wife, daughter of top drug lord held in U.S. are captured in Colombia
The women, who are wanted for money laundering, were arrested in an operation involving the FBI, President Abelardo de la Espriella said.
Russia hammers Ukraine's capital with major daytime drone strike
A wave of Russian strikes hit Ukraine Monday, killing at least 7 people, including a woman hit by a daytime strike on the National Academy of Sciences in Kyiv.
Benjamin Satterley, pro wrestler known as "Pac," dies at 40
Benjamin Satterley, an English-born wrestler known for high-flying moves that delighted fans worldwide, was known as "Pac."
Entertainment
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Entertainment
Highlights from the VMA "teal" carpet
Stars stunned on the MTV Video Music Awards "teal" carpet Sunday night in Los Angeles, California. Vlad Duthiers breaks down some of the night's best moments.
Key highlights from the 2026 MTV VMAs
Madonna and Taylor Swift won big at the 2026 MTV Video Music Awards, where artists also honored Dolly Parton's legacy and celebrated new singers making their global debuts. CBS News' Vlad Duthiers reports.
VMA performance highlights
Vlad Duthiers and Denny Directo break down the most iconic performances from Sunday's MTV Video Music Awards, which included performances by Madonna, Shaboozey, Raye and more.
2026 MTV VMAs highlights include Madonna, Taylor Swift
Madonna won Artist of the Year while Taylor Swift became the most awarded artist in Video Music Awards history.
The New Season: Fall 2026 - The most anticipated new movies, music, TV and more
Be on the lookout for these new entertainment offerings in the coming months, from screens to the stage, from music to the page.
Technology
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Trump had private dinner with Anthropic CEO Dario Amodei
The dinner comes as Amodei has warned about the "exponential growth" of AI, and has called for safeguards on the industry, which President Trump has rejected.
How Trump is taking on AI
President Trump is meeting with the heads of AI giants as the global concern about rogue models lingers. This comes as more details emerge about OpenAI agents apparently scanning the United Nations website thousands of times. CBS News' Weijia Jiang reports, and The Verge's Terrence O'Brien joins with more on his reporting.
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.
Trump confirms dinner with Anthropic's Amodei
President Trump confirmed a private dinner he had with Anthropic CEO Dario Amodei as the world grapples with news of rogue AI models. Axios' Maria Curi joins with more.
Could AI really take over the internet? Here's what experts say.
Multiple incidents of AI "agents" going rogue have conjured up fears that they could take down the internet. Should we be worried?
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
More Crime
New York Times exec dies in California shooting; elderly in-laws accused of murder
An elderly couple in the San Francisco Bay Area is suspected of shooting and killing their 40-year-old son-in-law near a park over the weekend, police said.
Details emerge in case of former Cornell student alleging rape by frat members
A woman, identified only as Jane Doe, alleges she was gang-raped by seven fraternity members in 2024 and accuses Cornell University of failing to protect her.
Latest details on Caleb Flynn's murder trial
The trial of former "American Idol" contestant Caleb Flynn, who is charged with his wife's murder, continued on Day Eight. Prosecutors showed the courtroom videos from Flynn's initial police interviews following his wife's death. CBS News' Lana Zak has the latest.
Latest news on Cornell fraternity rape case
Authorities say an investigation into an alleged rape at Cornell University in 2024 has been reopened. CBS News' Lilia Luciano has the latest details.
5 U.K. terror plot suspects released on bail
Five suspects arrested on suspicion of preparing a terrorist act near a U.K. Royal Air Force base have been released on bail, police say.
Space
More Space
SpaceX launches Starship on giant rocket's first flight to orbit
The Super Heavy-Starship rocket's 14th test flight, the first boosting the upper stage to orbit, marked a major milestone for both SpaceX and NASA.
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
Latest Galleries
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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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
SpaceX's first Super Heavy-Starship orbital flight
SpaceX on Monday successfully launched its Super Heavy-Starship on its first flight to orbit. Kristin Fisher, founder and executive producer of Endless Void Studios, joined CBS News to discuss what this means for space exploration moving forward.
New report on OpenAI access of U.N. website
The Wall Street Journal reports that OpenAI used aggressive techniques to access the United Nations' website in June. Wall Street Journal reporter Robert McMillian joins CBS News to discuss.
Nor'easter continuing to lash East Coast
The nor'easter that swamped much of the Eastern Seaboard over the weekend is still dropping rain as it slowly moves up the coast. CBS News' Tom Hanson and Jessica Burch have more.
Taxpayer-paid Trump-focused ad hits airwaves
A new ad campaign glorifying President Trump began airing on national cable and national networks over the weekend, including CBS, and American taxpayers are footing the bill. CBS News' Aaron Navarro reports.