Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Economy
The U.S. minted 1,000 new millionaires a day last year, UBS report says
The U.S. accounts for the largest share of individuals with net worths of at least $1 million across the globe.
Data shows drop in U.S. retail sales in May
New economic data released Tuesday suggests the turmoil surrounding tariffs is affecting U.S. consumer spending. Retail sales in the U.S. dropped 0.9% in May, a sharp dip from the 0.1% decline the month before. Kelly O'Grady takes a look at the numbers.
Investors uncertain over Iran, Israel
The ripple effect of the back-to-back strikes between Israel and Iran were seen in the U.S. stock market on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Oil prices spike amid Israel-Iran strikes
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Stocks drop, oil prices surge
Stocks tumbled and oil prices surged on Friday in the wake of Israel's strikes in Iran. CBS News MoneyWatch correspondent Kelly O'Grady has more.
New laws for 2020
As the clock struck midnight, new laws took effect across the country. And the new decade started with a bonus for millions of workers. Carter Evans explains.
Americans share struggles to afford basic needs
America is facing a cost of living crisis. "CBS Evening News" spoke to three Americans about what it's like trying to stay afloat as everyday costs surge.
Reporter's Notebook: Tax plan gamble
A new tax proposal backed by President Trump would give the biggest benefits to the top earners, while cutting support for the poor. If the promised growth doesn't come, the most vulnerable will pay the price. "CBS Evening News" co-anchor John Dickerson explains.
Young Americans are embracing thrifting
Americans worried about costs have flocked to the used clothing market. Thrifting is an easy way to avoid tariffs, with prices generally 50% to 75% off of retail. Janet Shamlian reports.
Boeing to temporarily halt 737 Max production
Boeing will temporarily stop making its troubled 737 Max jet next month, a decision that could have a big impact on the U.S. economy. Tens of thousands of jobs are linked to the airliner's production. The 737 Max was grounded in March after software issues were tied to two deadly crashes that killed 346 people. Kris Van Cleave reports.
Deal or no deal? The expansion of Dollar Stores
It's the latest struggle between Main Street and corporate America: Dollar General, Dollar Tree and Family Dollar have opened tens of thousands of retail outlets across the U.S., and in many rural areas they are the only game in town. Grocers say these stores have effectively forced them out of business, thereby reducing options for fresh food and produce for miles around. Experts say it is having negative effects on public health, but according to Dollar General it is up to consumers to decide where to shop and what to eat. Special Contributor Allison Aubrey, of National Public Radio, reports.
Bank of America report on consumer spending
A new report from Bank of America is showing signs of slowing consumer spending with people stocking up in anticipation of President Trump's tariff policies going into effect. David Tinsley, senior economist at the Bank of America Institute, joined CBS News to discuss the report.
Job seekers: Take advantage of the holidays
Searching for work during the holidays may be less difficult than you think because of the strong economy. Economists expect employers created about 180,000 jobs. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss how job seekers can take advantage of the holiday season.
Police officer shares struggle to buy first home
Americans are sharing their struggles to make ends meet in CBS News' series, "The Cost of Living." A rookie cop in Connecticut talks about the challenges of buying his first home.
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
Stocks waver in wake of U.S.-China framework
The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Bessent defends tariffs, U.S.-China trade deal
Rep. Linda Sánchez of California and Treasury Secretary Scott Bessent sparred over President Trump's tariff policy at a House hearing on the department's budget request. Sánchez questioned whether the Trump administration negotiated a good trade deal with China.
Report: Home sellers outnumber buyers
The U.S. is facing the widest gap on record between the number of homebuyers and home sellers in the country, creating an opportunity market for those currently looking to buy a house. Axios Phoenix reporter Jeremy Duda discusses his article on the trend with "The Daily Report."
Teacher on $37,000 salary fights to stay afloat
In a recent CBS News poll, two out of three Americans said they're stressed about their own finances, while three out of four said their incomes are not keeping up with inflation. A single mom of three shows what it's like to make ends meet on a teacher's salary of $37,000.
FTN: Page 2
Missed the second half of the show? The latest on the economy, voting and Major Garrett's new book
Face The Nation: Toluse Olorunnipa, David Frum, Gerald Seib
Missed the second half of the show? The latest on socialism, culture war and economic growth.
Blunt: Mexico tariffs send message to China
Sen. Roy Blunt, R-Missouri, joins moderator Margaret Brennan to discuss the agreement U.S. and Mexican officials reached over the weekend to avoid tariffs.
Navarro downplays consumer impact of Chinese tariffs
White House trade adviser Peter Navarro joins Margaret Brennan to discuss protests in Hong Kong, the economy and trade talks with China.
Face The Nation: Amy Klobuchar, Joshua Bolten, Michael Graham, Anne Gearan, Joshua Johnson
Missed the second half of the show? The latest on the 2020 campaign trail, trade war with China and the U.S. economy.
Live
Trump says no talks with Iran ongoing, and none scheduled
President Trump says the U.S. is not engaged in any talks with Iran as the two countries remain locked in a standoff over the Strait of Hormuz after almost six months of war.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
U.S., South Korea cut short their joint military drills at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Who is Natalie Harp? Trump's loyal assistant suddenly in the spotlight
The 35-year-old executive assistant to the president is a quiet but loyal force at President Trump's side.
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Exclusive
U.S. deporting Mexican migrants to Guatemala and Honduras, angering Mexico
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
U.S.
More U.S.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
Investigation
Beagles bred for research get new life amid questions over federal oversight
The USDA's own inspector general has repeatedly raised concerns about federal oversight of dog breeders.
Tupac Shakur autopsy photos shown at murder trial after some family members leave
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."
MoneyWatch
More MoneyWatch
Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
State Farm is sending refund checks to customers. Here's who qualifies.
More than 7.2 million checks have been mailed so far, with millions more expected to go out this week, according to State Farm.
DEI policies brought no financial penalty to firms, study finds
Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Outshine Fruit Bars recalled over possible glass, parent Dreyer's says
Five flavors of Outshine Fruit Bars sold nationwide were recalled because they may include glass, Dreyer's Grand Ice Cream said.
Politics
More Politics
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
U.S., South Korea cut short their joint military drills at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Scandal-ridden Cory Mills ousted in GOP primary in Florida's 7th District
The Trump-backed incumbent has struggled to raise money for his reelection bid as the House Ethics Committee investigates numerous allegations against him.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
HealthWatch
More HealthWatch
HealthWatch
From 2024: Tommy John on Tommy John surgery, before and after
In this interview from 2024, former pitching ace Tommy John talked with correspondent Faith Salie about the injury to his pitching arm he suffered in 1974, and about the innovative procedure (which came to be known as "Tommy John surgery") that rescued his career – and would prolong the careers of many more professional and amateur athletes since. [John died on Aug. 15, 2026 at age 83.]
School vaccination rates inch down again to record low
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
RFK Jr.'s hunt for autism culprits stalls amid Trump's baseless vaccine order
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
World
More World
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
U.S., South Korea cut short their joint military drills at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Exclusive
U.S. deporting Mexican migrants to Guatemala and Honduras, angering Mexico
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
Ukraine targets Moscow with drones as Russia threatens U.K. over support
Ukraine targets Moscow with a huge wave of drones as Russia warns the U.K. will pay a price for supplying Kyiv with long-range weapons.
USS Benfold went days without power in the South China Sea
The guided-missile destroyer USS Benfold spent four days without power last month after a problem with its engineering, according to a spokesperson for the Navy's 7th Fleet.
Entertainment
More Entertainment
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Nominees revealed for some VMA categories
"CBS Mornings" revealed the nominees for three categories at this year's VMAs, including artist of the year.
Top upcoming book to movie adaptations
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to discuss some of her favorite books coming to the big screen this year.
Technology
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Technology
OpenAI debuts ChatGPT for teens
OpenAI has launched a chatbot marketed for teens that the company says will provide stronger protections as concerns over AI safety increase. Axios Chief Technology Correspondent Ina Fried joins "The Takeout" to discuss.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
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.
Data centers, AI become midterm flashpoint
Artificial intelligence and the data centers powering the technology have become a flashpoint ahead of the 2026 midterm elections. Shira Ovide, a technology reporter for The Wall Street Journal, has more.
Discord suspends livestreams in Brazil amid backlash over girl's suicide
Popular American chat app Discord says it suspended livestreams in line with a Brazilian government order, amid fierce criticism over a 13-year-old girl's death.
Science
More Science
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
More Crime
Crime
Details on Meta trial over addiction claims
Meta is standing trial over claims that it intentionally designed its products to be addictive and therefore harmful to children. Lance Ulanoff, editor-at-large at TechRadar, joins "The Daily Report" to discuss.
Clancy's former mother-in-law testifies
Lindsay Clancy's former mother-in-law, Susan Clancy, took the stand Tuesday to offer testimony as Lindsay Clancy stands on trial for the killings of her three children. CBS News' Shanelle Kaul has more.
Philadephia police hunting man in Chucky mask
Philadelphia police are searching for a man in a horror mask resembling Chucky the doll who has been terrorizing locals. Lilia Luciano has more.
Man on trial for suspected murder for hire
The alleged killer in the case of Jared Bridegan, a former Microsoft manager who prosecutors say was the victim of a murder for hire arranged by his ex-wife and her husband, is now on trial. Jason Allen has more.
Massive campus cocaine dealer arrested
A 24-year-old at Penn State University, described as the largest cocaine dealer on campus, has been arrested and charged. Meg Oliver has more.
Space
More Space
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
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.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Watch: Lawyer hits car outside courthouse
A lawyer attracted unwanted attention outside Boston Federal Court following Lawrence, Massachusetts, Mayor Brian DePeña's arraignment last Friday. The mayor's attorney rear-ended a parked vehicle while attempting to leave the area and remarked that he would bring bodyguards with him next time. Prosecutors allege DePeña improperly used more than $1.5 million in COVID small-business loans.
Crime in D.C. down to lowest level since 2010
A CBS News analysis finds crime in Washington, D.C., dropped to its lowest level since at least 2010 in the 12 months after President Trump declared a federal emergency and deployed the National Guard into the city. CBS News' Anna Schecter has more.
Oil prices rise as Iran war continues
Oil prices on Tuesday reached their highest level since July as the war in Iran drags on without an end in site. CBS News national security analyst Aaron MacLean has more.
DOJ sending 1,000 monitors to midterm polls
The head of the Justice Department's Civil Rights Division announced Monday that she's planning to deploy 1,000 federal monitors to polling places throughout the U.S. for the midterm elections. Jen Fifield, reporter for ProPublica, joins CBS News to discuss.
Details on Meta trial over addiction claims
Meta is standing trial over claims that it intentionally designed its products to be addictive and therefore harmful to children. Lance Ulanoff, editor-at-large at TechRadar, joins "The Daily Report" to discuss.