Oil giants rake in record profits as energy prices remain high
Exxon and Chevron reported surging quarterly earnings, with gas prices still up sharply from a year ago.
Economy
Third quarter GDP growth exceeds expectations
After two consecutive quarters of decline, the U.S. gross domestic product grew at an expectedly high annual rate in the third quarter. However, recession fears remain amid high inflation and rising interest rates. Nancy Cordes has the latest.
Reports: Elon Musk takes control of Twitter
Elon Musk has taken control of Twitter and fired at least three top executives including its CEO, according to numerous reports. Jonathan Vigliotti is at Twitter's headquarters in San Francisco.
Biden praises GDP report on economic growth
As the White House praises the first positive GDP report of 2022, Republicans are dismissing the latest numbers with two weeks left until the midterm elections. CBS News senior White House and political correspondent Ed O'Keefe has more on the Biden administration's response and other developments from the campaign trail.
Drought disrupts Mississippi River shipping
Water levels are hitting record lows along the Mississippi River, meaning big trouble for the economy. The drought is expected to last through January, threatening the critical supply chain for food, coal, petroleum and more. Ben Tracy has more.
U.S. economy grows but recession fears linger
The U.S. economy rebounded slightly in recent months, but there are troubling signs. The average interest rate for a 30-year mortgage topped 7% for the first time in 20 years. Weijia Jiang has the latest.
Dow rises after U.S. reports economic growth
The gross domestic product report released Thursday showed the U.S. economy grew 2.6% in the third quarter. Justin Hoogendoorn, head of fixed income strategy and analytics at Hilltop Securities, joins CBS News to discuss.
Mortgage rates blow past 7% for first time in two decades
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
Stocks end mixed as Facebook's parent company slumps
Weak earnings reports at Meta and other major tech companies offset gains in other parts of the market.
U.K. inflation soars as food prices jump
U.K. inflation soared above 10% for the second time this year. The increase is largely driven by rising food prices. It comes as U.K. Prime Minister Liz Truss faces opposition over her failed economic agenda. Adam Posen, president of the Peterson Institute for International Economics, joins CBS News' John Dickerson to discuss.
Inflation remained high in September
The Bureau of Labor Statistics says September's consumer prices rose 8.2% compared to a year ago, with food, rent and other items driving inflation. Ben Levisohn, a deputy editor at Barron's joined John Dickerson on "Prime Time" to discuss the latest CPI report.
Global concern rises following Truss' resignation
U.K. Prime Minister Liz Truss resigned as the British government and economy are in turmoil. Now there are some concerns about the lingering effects of the country's instability on the world stage. Robert Holleyman, former U.S. deputy trade representative, joins CBS News' John Dickerson to discuss.
GDP grows in 3rd quarter, jobless claims drop
The U.S. economy grew in the third quarter of 2022 by a 2.6% annual rate. Meanwhile, the Labor Department reports the number of new unemployment claims last week dropped from the week before. "CBS News Mornings" spoke with New York Times Federal Reserve and economy reporter Jeanna Smialek about the nation's economic outlook.
U.S. economy grows for first time this year
The Commerce Department is reporting that the GDP grew at an annualized rate last quarter for the first time this year. Lori Bettinger, the president of BancAlliance and former director of the Treasury Department's Troubled Asset Relief Program, joins CBS News to discuss the significance of this report and other economic developments.
Lebanon and Israel sign milestone sea border deal
The agreement marks a major breakthrough in relations between the two nations, which have formally been at war since Israel's creation in 1948.
Inflation, rising gas prices mean fans eat, drink less at games
The issues have forced concession companies to get creative in an effort to address the rising costs.
Lower tech earnings rattle markets
The tech-heavy NASDAQ dropped Wednesday after Microsoft and Alphabet released less-than-stellar earnings reports on Tuesday. CBS News anchor Lana Zak spoke with Simeon Hyman, global investment strategist at ProShares, about the larger impact on the markets.
President Biden addresses economic concerns
President Biden announced a series of actions aimed at giving American families "more breathing room" in the current economy. CBS News' Lana Zak and Tanya Rivero speak with chief White House correspondent Nancy Cordes about his announcement, plus the ongoing efforts to bring Brittney Griner home and Mr. Biden's meeting today with Israeli President Isaac Herzog.
Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Mortgage rates on the rise
The average interest rate on the most popular U.S. home loan has reached its highest level in more than two decades. Danielle Hale, chief economist for realtor.com, discussed how concerned Americans should be, how housing prices are affected and the potential impact of the Federal Reserve's expected interest rate hike next week on the housing market.
With Americans feeling pinched, Biden targets "junk fees"
The president highlighted his administration's push to crack down on so-called junk fees that banks and other companies charge their customers.
Low-wage working women bear financial brunt of denied abortions
"Having a baby is harder when you're poor," said one anti-abortion professor. "The poor should be 100% the focus of policymaking."
Consumer confidence falls in October
Consumer confidence fell in October after rising in both August and September. CBS News' Lana Zak and Lilia Luciano speak with Dory Wiley, president and CEO at Commerce Street Holdings, LLC, about what's driving the trend and whether it could impact the Federal Reserve's thinking on interest rates.
MoneyWatch: Home prices could drop in 2023
Economists predict U.S. home prices could fall by as much as 20% in 2023 as mortgage rates rise. CBS News MoneyWatch reporter Khristopher Brooks breaks down what's driving the expected shift.
Stocks rise on Wall Street as earnings reports roll in
Reports of solid financial results from big U.S. companies are fueling investor optimism.
Judge in Minnesota orders ICE chief to appear in court
The judge ordered the acting head of ICE to appear in his courtroom on Friday and explain why he should not be held in contempt of court.
Key legislators seek DOJ records on Alex Pretti and Renee Good killings by next week
Congress is ratcheting up its scrutiny of the killing of Alex Pretti by a federal agent in Minneapolis, with some Democrats pressing the Justice Department for records on its investigation.
Noem facing internal scrutiny but expected to keep job, sources say
Kristi Noem's focus is expected to shift from interior enforcement operations to securing the southern border and other priorities, sources said.
Shapiro says Minneapolis mission "must be terminated," says Noem should be fired
Pennsylvania Gov. Josh Shapiro said Tuesday that the Trump administration's immigration crackdown in Minnesota "must be terminated" following the deadly shooting of a Minneapolis man by federal agents.
Handling of evidence on Alex Pretti's death raises concerns about probe's integrity
ICE's Homeland Security Investigations unit is leading the probe of the fatal shooting of Alex Pretti by a Border Patrol officer.
"Doomsday Clock" moves to closest point yet to catastrophe
The "Doomsday Clock" is a metaphor for how close humanity is to self-annihilation.
More Republicans criticize Trump officials' response to Alex Pretti shooting
A growing number of Republicans, including some Trump allies, are questioning or criticizing the Trump administration's response to the killing of Alex Pretti.
How a collision with Border Patrol escalated to arrest
In her first on-camera interview, Dayanne Figueroa, a U.S. citizen, described what happened when her car collided with a Border Patrol vehicle in October. The situation escalated: agents drew their guns, pulled her out of her car and arrested her. She said it was an "assault" that left her emotionally scarred: "I have nightmares every single night."
With all Israeli hostages recovered, U.N. pushes for next steps in Gaza
With all Israeli hostages now recovered from Gaza, there's a push for the Israel-Hamas ceasefire to move to phase-two, but that brings its own challenges.
U.S.
More U.S.
Amazon is closing its Amazon Fresh grocery and Go convenience stores
Amazon acknowledged it hasn't yet "created a truly distinctive customer experience" in announcing move to scale back its brick-and-mortar grocery business.
Judge tosses Justice Department lawsuit seeking Oregon voter rolls
The Justice Department filed a lawsuit against Oregon in September seeking its voter registration list, which contains the sensitive information of nearly 3.8 million registered voters.
UPS to slash workforce by up to 30,000 jobs this year
UPS executive said the delivery company is moving to cut costs and plans to offer a voluntary separation program for full-time drivers.
"Doomsday Clock" moves to closest point yet to catastrophe
The "Doomsday Clock" is a metaphor for how close humanity is to self-annihilation.
Social media giants face trial over allegations their tech is addictive
In a potentially bellwether case, a plaintiff alleges that social media companies deliberately design their platforms to target children.
MoneyWatch
More MoneyWatch
Amazon is closing its Amazon Fresh grocery and Go convenience stores
Amazon acknowledged it hasn't yet "created a truly distinctive customer experience" in announcing move to scale back its brick-and-mortar grocery business.
UPS to slash workforce by up to 30,000 jobs this year
UPS executive said the delivery company is moving to cut costs and plans to offer a voluntary separation program for full-time drivers.
Social media giants face trial over allegations their tech is addictive
In a potentially bellwether case, a plaintiff alleges that social media companies deliberately design their platforms to target children.
Newsom probing TikTok over alleged suppression of anti-Trump content
California Gov. Gavin Newsom says he's launching a probe into allegations that TikTok censored content critical of President Trump.
Trump says he's raising tariffs on South Korea to 25%
President Trump is hiking tariffs on imports from South Korea, saying its government has reneged on an agreement to approve a bilateral trade deal.
Politics
More Politics
Judge tosses Justice Department lawsuit seeking Oregon voter rolls
The Justice Department filed a lawsuit against Oregon in September seeking its voter registration list, which contains the sensitive information of nearly 3.8 million registered voters.
Judge in Minnesota orders ICE chief to appear in court
The judge ordered the acting head of ICE to appear in his courtroom on Friday and explain why he should not be held in contempt of court.
Shapiro says Minneapolis mission "must be terminated," says Noem should be fired
Pennsylvania Gov. Josh Shapiro said Tuesday that the Trump administration's immigration crackdown in Minnesota "must be terminated" following the deadly shooting of a Minneapolis man by federal agents.
Alex Vindman, Army vet who testified against Trump, enters Florida Senate race
Alex Vindman, a key figure in President Trump's first impeachment, is running for the U.S. Senate in Florida as a Democrat.
Noem facing internal scrutiny but expected to keep job, sources say
Secretary of Homeland Security Kristi Noem is facing internal scrutiny after the fatal shooting of Alex Pretti, multiple sources told CBS News, but she is expected to keep her job.
HealthWatch
More HealthWatch
Trump policies at odds with emerging understanding of COVID's long-term harm
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
Pediatrics group releases vaccine recommendations, breaks with CDC
The AAP is recommending immunization against 18 diseases. Earlier this month, the CDC reduced its recommendations for childhood vaccines to 11 diseases.
Academy of Pediatrics vaccine reccomendations
The American Academy of Pediatrics released its own recommendations for childhood vaccinations Monday. The list differs significantly from the reduced vaccine schedule released earlier this month by the CDC. Dr. Amanda Kravitz, pediatrician at Weill Cornell in New York City, joins CBS News to discuss.
Winter storm brings warnings about heart attack risk of shoveling snow
Cardiologists say shoveling snow can increase a person's risk of experiencing a heart attack.
Heart failure threatened her pregnancy. A first-of-its-kind procedure saved it.
Cassandra King was thrilled to be pregnant after years of fertility struggles and multiple miscarriages. Then a sudden cardiac event threatened everything.
World
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Experts warn "AI slop" distorting history as world remembers the Holocaust
Holocaust memorial officials and historians say a proliferation of "entirely fabricated" digital content is distorting the Nazi's wartime horrors.
With all Israeli hostages recovered, U.N. pushes for next steps in Gaza
With all Israeli hostages now recovered from Gaza, there's a push for the Israel-Hamas peace plan to move to phase-two, but that brings its own challenges.
Milan mayor says ICE agents not welcome for Winter Olympics
As reports say ICE will join the U.S. security detail at the Winter Olympics in Milan, the Italian city's mayor calls it "a militia that kills."
Australia sizzles in blistering heat wave with temperatures as high as 120
Parts of Australia were sweltered in record temperatures of close to 122 degrees as the country sweated through a prolonged heat wave even as bitter cold covered much of the U.S.
Lawyer apologizes for AI-generated fabrications in murder case
The fake submissions included fabricated quotes and nonexistent case citations purportedly from the Supreme Court in Austalia's Victoria state.
Entertainment
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Entertainment
Natalia Lafourcade reflects on music career
Natalia Lafourcade is the most awarded woman in Latin Grammy history with 20 awards. This year, she's up for best Latin pop album at the Grammys, which would be her fifth Grammy if she wins. Lafourcade spoke to Anthony Mason about her music journey and rise to fame.
Ye, formerly Kanye West, reveals brain injury, apologizes for antisemitic remarks
In a full-page ad in the Wall Street Journal, Ye, the artist formerly known as Kanye West, revealed that the right frontal lobe of his brain was injured in a car accident 25 years ago.
Sundance Film Festival leaving Park City, Utah
After more than 40 years, the Sundance Film Festival is leaving its longtime host of Park City, Utah, and heading to Boulder, Colorado. Sarah Horbacewicz reports.
The adventures of Lauren Hutton, the original supermodel
As the face of Revlon, Lauren Hutton – called a "believable beauty" – became the highest-paid model in history, and still holds the record for most cover appearances on American Vogue. She talks about her adventurous life of no regrets.
The adventures of Lauren Hutton
She didn't set out to be a model, or an actress, and several agencies rejected the gap-toothed Lauren Hutton, before Eileen Ford gave her a shot. As the face of Revlon, Hutton became the highest-paid model in history, and still holds the record for most cover appearances on American Vogue. She talks with Anthony Mason about her adventurous life of no regrets – from living among the bushmen of the Kalahari, to a near-fatal motorcycle accident in 2000. Even of the low points she says, "I'd do it again in a second."
Technology
More Technology
Amazon is closing its Amazon Fresh grocery and Go convenience stores
Amazon acknowledged it hasn't yet "created a truly distinctive customer experience" in announcing move to scale back its brick-and-mortar grocery business.
Social media giants face trial over allegations their tech is addictive
In a potentially bellwether case, a plaintiff alleges that social media companies deliberately design their platforms to target children.
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.
Newsom launches probe into TikTok content
California Gov. Gavin Newsom has launched an investigation into TikTok's content, accusing the social media platform of suppressing content that is critical of President Trump. The probe comes just days after a deal was finalized to reduce its Chinese ownership and keep it running in the U.S. Kelly O'Grady explains.
Google to pay $68 million over allegations it eavesdropped on users
Class-action lawsuit alleged that Google's voice assistant illegally recorded and shared private conversations with advertisers.
Science
More Science
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Crime
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Walz: Trump agrees to consider reducing federal surge in Minnesota
Gov. Tim Walz says that he and President Trump shared a "productive" phone call Monday morning, during which he says the president agreed to consider a reduction of federal immigration enforcement forces in Minnesota.
"Narco sub" sinks with more drugs aboard after record cocaine haul seized
Police were assisted by the navy and air force, as well as the U.K. and U..S authorities, in difficult weather conditions.
Latest news on Alex Pretti shooting
Homeland Secretary Kristi Noem claimed Alex Pretti attacked Border Patrol officers before he was fatally shot in Minneapolis, Minnesota. This comes as more Trump administration officials react to the incident. CBS News' Lana Zak and Natalie Brand report.
Political strategists on Pretti shooting
Political strategists Kristian Ramos and Rina Shah join CBS News with their reactions to Border Patrol killing Alex Pretti in Minneapolis, Minnesota.
Differing accounts of Alex Pretti shooting
The federal government's accounts of the most recent shooting in Minneapolis, Minnesota, involving immigration officials, appear to clash with evidence emerging. CBS News' Lana Zak has more.
Space
More Space
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Latest Galleries
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Notable Deaths in 2025
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. carrier strike group nears Iran
More military might is approaching the Middle East and nearing Iran, the U.S. military's Central Command confirmed. CBS News' Holly Williams reports.
Beatrice Dixon on building her company
Beatrice Dixon talks about the challenges that she's overcome in life and shares her journey to building her business, The Honey Pot Company, which launched in 2014. The feminine care brand includes plant-derived washes, wipes and more.
Millions of Americans in frigid temperatures
Deaths linked to the winter storm that swept across the U.S. are climbing. CBS News' Nicole Valdes reports from Nashville, Tennessee, and Rob Marciano has the latest weather forecast.
Anger in Minnesota over Alex Pretti shooting
Homeland Security Secretary Kristi Noem is facing internal scrutiny over the latest developments in Minnesota as immigration raids continue, sources say. CBS News' Natalie Brand and Ian Lee report as tensions remain high in Minneapolis.
Timeline of Minnesota immigration operation
There have been around 3,000 ICE and Customs and Border Protection agents operating in Minneapolis. The surge in federal agents began in early December when the city became the latest hotspot for the Trump administration's immigration crackdown. Lilia Luciano looks at what led up to what's unfolding now in Minnesota.