Interest rates highest since 2007
The Federal Reserve pushed interest rates to the highest point since 2007 to combat inflation. Critics warn the hikes could lead to a recession. Nancy Cordes reports.
Economy
Potential economic impacts of writers' strike
The TV and film writers strike could impact more than just our favorite television shows. The move is already having ripple effects across the entertainment industry, and depending on how long it lasts, it could have economic implications as well. Alissa Wilkinson, a senior culture reporter and critic at Vox, joins CBS News with more.
Federal Reserve poised to raise interest rates
The Federal Reserve is expected to raise interest rates Wednesday for the tenth consecutive time in just over a year. Rod von Lipsey, a managing director for UBS Private Wealth Management, joins Errol Barnett and Lana Zak to discuss the anticipated decision.
5/2: CBS News Mornings
Biden calls on GOP to strike deal so U.S. doesn't default on debts; MET Gala brings out glamour and surprises.
4/11: CBS News Mornings
Kentucky police say 25-year-old bank employee killed 5 coworkers; Tax scams on the rise.
4/18: CBS News Mornings
Search for suspects after shooting at Sweet 16 party in Alabama; "The Late Late Show" with James Corden announces final guests.
4/18: Red and Blue
McCarthy appeals to GOP to back his debt strategy; Vivek Ramaswamy on what he brings that Trump doesn't.
4/25: CBS News Mornings
President Biden announces reelection campaign; Fox News parts ways with Tucker Carlson; CNN ousts Don Lemon.
4/28: CBS News Mornings
Former Vice President Mike Pence testifies in election probe; cruise lines welcome younger generations.
Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
U.S. stocks fall as beleaguered banks tumble again
Worries about economy worsen as regional bank shares take a beating and Washington edges closer to default.
Researchers talk pros and cons of remote work
Economists at the Federal Reserve Bank of New York are researching the impact of remote work. Economics reporter at The New York Times Ben Casselman joined CBS News to discuss his recent writing on the study and what the future of remote work holds.
What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
Chinese embark on a post-COVID spring break travel bonanza
While few Chinese are booking trips abroad yet, the country's domestic hotspots are having to turn people away and driving prices up to meet record demand.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
JPMorgan Chase takeover of First Republic
California regulators have seized control of struggling First Republic Bank. The FDIC accepted a bid from JPMorgan Chase to assume First Republic's deposits and virtually all of its assets. Javier David, CBS News contributor and managing editor for business and markets at Axios, joined Anne-Marie Green and Vladimir Duthiers to discuss this latest major bank failure.
What the First Republic Bank takeover means
JPMorgan Chase is taking over First Republic Bank after it was seized by federal regulators. It marks the third American bank failure in the past two months. Rachel Ensign, a reporter for The Wall Street Journal, joins CBS News with more.
Giant seaweed bloom hits Florida coast
Manuel Borjorquez explores the impact of seaweed that has washed ashore in Miami-Dade County, Florida. Officials are busy clearing beaches while researchers are studying how human waste might be contributing to the massive blooms.
Army identifies soldiers killed in crash
The U.S. Army has identified three soldiers killed when two helicopters collided during a training mission in Alaska.
Regulators look to shore up troubled bank
Federal regulators are hoping to announce who will take over the troubled First Republic Bank before markets open Monday. Meanwhile, the Fed is expected to raise interest rates yet again as inflation remains high. Skyler Henry reports.
Gary Cohn on First Republic's likely sale
Gary Cohn, the former top economic adviser in the Trump White House and who is now vice chairman of IBM, tells "Face the Nation" that he believes the impending sale of troubled bank First Republic "will be a much faster process" than what happened with Silicon Valley Bank. But he says this is a "seismic moment" for the American people and whether they trust their banks.
Employers continue to offer solid pay hikes, new data shows
Although good for employees, strong wage growth could spur additional interest rate hikes by the Federal Reserve.
Rise in shoplifting concerns retailers
The president of the California Retailers' Association is blaming the state for a rise in shoplifting. Revenue losses from theft remain higher than they were half a decade ago. Errol Barnett and Adriana Diaz are joined by David Johnston, vice president of asset protection and retail operations for the National Retail Federation, who breaks down this nationwide issue.
First quarter GDP growth lower than expected
New data shows that the U.S. GDP grew by 1.1% from the final quarter of 2022 to the first quarter of 2023. CBS News Contributor and Managing Editor for Business and Markets at AXIOS Javier David explains what this growth means for the potential of a recession.
Virginia voters approve new congressional map favoring Democrats, CBS News projects
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
Live
Trump extends ceasefire as uncertainty over U.S.-Iran peace talks remains
With a two-week ceasefire set to expire and Iran balking at the resumption of peace talks, President Trump said he would be extending the deadline to allow for Iran to "come up with a unified proposal."
Exclusive
Parents of slain Loyola student Sheridan Gorman say, "We've got to make changes"
Sheridan Gorman, an 18-year-old Loyola freshman, was shot and killed in Chicago last month and an undocumented immigrant from Venezuela is under arrest.
DOJ charges Southern Poverty Law Center with fraud
A federal grand jury indicted the Southern Poverty Law Center on wire and bank fraud-related charges on Tuesday, the Justice Department says, accusing it of paying members of extremist groups as part of its efforts to investigate them.
Cherfilus-McCormick resigns from Congress before hearing on sanctions
The Florida Democrat stepped down shortly before a House Ethics Committee hearing to determine whether she should be punished.
Lawmakers demand answers at hearing on hospice fraud
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
Court upholds Texas law requiring Ten Commandments in classrooms
Appeals court upholds Texas' Ten Commandments classroom law, but critics say the fight isn't over.
FBI investigating deaths, disappearances of staff at government labs
The disappearances and deaths of 10 government workers tied to nuclear or space technology have sparked speculation online. President Trump said the cases are "hopefully, coincidence."
Will gas dip below $3 a gallon this year? Here's what experts think.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
U.S.
More U.S.
Duffy on AI replacing air traffic controllers: "That's not gonna happen"
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
Exclusive
Parents of slain Loyola student Sheridan Gorman say, "We've got to make changes"
Sheridan Gorman, an 18-year-old Loyola freshman, was shot and killed in Chicago last month and an undocumented immigrant from Venezuela is under arrest.
Louisiana shooting exposes "dangerous gaps" in domestic violence, gun laws
After the mass shooting in Shreveport, Louisiana, advocates are urging policymakers to reform domestic violence and gun control legislation.
Contract reveals fundraising deal for Trump's East Wing overhaul
The agreement, which was signed this fall, ensures donor anonymity, establishes a fee structure and institutes a ban on foreign contributions.
Florida opens criminal probe over ChatGPT's alleged role in FSU shooting
Attorney General James Uthmeier said his office launched a criminal investigation into OpenAI after reviewing conversation logs between ChatGPT and a Florida State University student accused of killing two people last year.
MoneyWatch
More MoneyWatch
Meta failed to protect social media users from scam ads, lawsuit alleges
The Consumer Federation of America accused Meta of allowing scam advertisements to "proliferate on its platforms."
UPS, FedEx and DHL file for tariff refunds. What it means for consumers.
Shippers have pledged to share refunds with customers who paid tariffs once the government issues refunds.
Will gas dip below $3 a gallon this year? Here's what experts think.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Politics
More Politics
Virginia voters approve new congressional map favoring Democrats, CBS News projects
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
Duffy on AI replacing air traffic controllers: "That's not gonna happen"
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
Contract reveals fundraising deal for Trump's East Wing overhaul
The agreement, which was signed this fall, ensures donor anonymity, establishes a fee structure and institutes a ban on foreign contributions.
Lawmakers demand answers at hearing on hospice fraud
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
Trump extends ceasefire in Iran indefinitely
President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."
HealthWatch
More HealthWatch
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.
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
World
More World
Trump says U.K.'s Starmer can "recover" as Epstein scandal hits him again
Trump says British leader Keir Starmer has "time to recover" from the latest scandal over his decision to tap an Epstein associate as his U.S. ambassador.
Iran war shows "era of fossil fuel security is over," says U.K energy secretary
President Trump recently encouraged the U.K. to "drill baby, drill" in the oil-rich North Sea.
NATO intercepts Russian bombers and fighter jets over Baltic Sea
The Russian mission included two supersonic Tu-22M3s, as well as about 10 fighters, the French detachment said.
Mass murder trial in El Salvador for almost 500 alleged MS-13 members
Nearly 500 alleged MS-13 members, including several alleged leaders, are on trial collectively in El Salvador, accused of thousands of murders.
Live
Trump extends ceasefire as uncertainty over U.S.-Iran peace talks remains
With a two-week ceasefire set to expire and Iran balking at the resumption of peace talks, President Trump said he would be extending the deadline to allow for Iran to "come up with a unified proposal."
Entertainment
More Entertainment
Entertainment
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.
Details on charges against D4vd in teen's death
Los Angeles prosecutors on Monday charged singer D4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
What to know on the "Matlock" season finale
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
Technology
More Technology
Duffy on AI replacing air traffic controllers: "That's not gonna happen"
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
John Ternus to become Apple CEO
Tim Cook announced he would be stepping down as Apple CEO on Monday. Jo Ling Kent reports on John Ternus, the mechanical engineer preparing to take the wheel.
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.
Where does Apple go after Tim Cook?
Apple CEO Tim Cook will step down in September after 15 years at the helm of the company. CBS Sunday Morning correspondent David Pogue joins to discuss Cook's legacy and where Apple's future could lead.
Florida opens criminal probe over ChatGPT's alleged role in FSU shooting
Attorney General James Uthmeier said his office launched a criminal investigation into OpenAI after reviewing conversation logs between ChatGPT and a Florida State University student accused of killing two people last year.
Science
More Science
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.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Crime
More Crime
Crime
DOJ charges Southern Poverty Law Center with fraud
The Justice Department on Tuesday announced fraud charges against the Southern Poverty Law Center over its nonprofit investigations into extremist groups. CBS News justice reporter Jake Rosen has the details.
New details about Mexican pyramid shooting
Mexican authorities say a gunman atop the Pyramid of the Moon, one of Mexico's most popular archaeological sites, shot at tourists and taunted first responders on Monday. CBS News chief correspondent Matt Gutman reports on the new details.
Louisiana shooting exposes "dangerous gaps" in domestic violence, gun laws
After the mass shooting in Shreveport, Louisiana, advocates are urging policymakers to reform domestic violence and gun control legislation.
FBI investigating missing staff at labs
The FBI is investigating possible connections in the cases of 10 missing or dead scientists and staff who worked at sensitive nuclear or space technology laboratories. CBS News' Anna Schecter reports.
Florida opens criminal probe over ChatGPT's alleged role in FSU shooting
Attorney General James Uthmeier said his office launched a criminal investigation into OpenAI after reviewing conversation logs between ChatGPT and a Florida State University student accused of killing two people last year.
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
Lawmakers on Cherfilus-McCormick resignation
Congresswoman Sheila Cherfilus-McCormick resigned on Tuesday, minutes before her House Ethics hearing to determine whether she should be sanctioned for allegations of theft and other misconduct. Lawmakers on Capitol Hill shared their reaction.
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.
Starting over with a divorce gift registry
Gift registries are common for baby showers and weddings, but now people are turning to them for one of life's toughest moments. Evyn Moon looks at the growing trend of divorce registries.
2026 expected to be bad year for ticks
The 2026 outlook for ticks shows cases of Lyme disease are expected to rise and the CDC is reporting the most weekly emergency room visits for tick bites, for this time of year, in at least a decade. Bradley Blackburn has more on how you can protect yourself.
What is "nuclear dust"?
Over the past several days, President Trump has made multiple statements on the U.S. goal to seize Iran's "nuclear dust." "The Daily Report" dives into what the president means by "nuclear dust" and how much Iran has. Will Todman, the chief of staff of the Geopolitics and Foreign Policy Department at CSIS, has more analysis.