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The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
On Wednesday, the Federal Reserve will make its first interest rate decision since President Trump took office. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to expect.
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
The Federal Reserve said it is lowering rates by a quarter of a percentage point on Wednesday, marking a full percentage point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances.
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
The Federal Reserve is set to announce a potential reduction to the interest rate, its final potential move in 2024. CBS News' Kelly O'Grady has more on what's expected.
CBS News business analyst Jill Schlesinger speaks with "CBS Mornings" about what to expect and the impact of the Federal Reserve's final interest rate decision of 2024, which happens Wednesday.
The Federal Reserve on Wednesday will make its final interest rate decision of 2024 with a 0.25 percentage point cut expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
President-elect Donald Trump returned to his hometown of New York City on Thursday to ring the opening bell at the New York Stock Exchange. Wall Street investors seem to have embraced the incoming administration as all three major indexes have hit record highs since Election Day. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists' expectations. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. Albertsons is also suing the rival grocery chain, claiming Kroger willfully breached the merger agreement. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
A federal appeals court upheld a law Friday that would ban TikTok in the U.S. if the app's Chinese parent company, ByteDance, does not sell it. TikTok and ByteDance could still appeal the case to the Supreme Court. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the challenges of reaching a deal, with the law set to take effect on Jan. 19.
President Trump signed the founding charter of his Board of Peace without major U.S. allies on Thursday then met with Ukraine's President Zelenskyy.
Jack Smith, the former special counsel who oversaw two criminal investigations into President Trump during the Biden administration, testified publicly for the first time.
The Justice Dept. suggested independent journalist Don Lemon could be charged after he was seen in video of a protest inside a church in St. Paul on Sunday.
Heavy snow, ice and brutal cold are expected to make this winter storm a potentially life-threatening weather event for 35 states.
The House approved the final legislation needed to fund the government through September, sending a package of bills to the Senate.
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
JPMorgan Chase says President Trump's lawsuit "has no merit."
Microsoft services are down for thousands of users, according to tracking service Downdetector.
The failed vote comes a week after the White House peeled off GOP support for a similar measure in the Senate.
A historic preservation nonprofit is trying to block ongoing construction of Trump's new White House ballroom.
Ian Roberts, the former Des Moines superintendent, has pleaded guilty in federal court to falsely claiming U.S. citizenship and illegally possessing firearms.
"Child care costs are just incredibly daunting for all but the wealthiest Americans," one financial expert said.
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
Microsoft services are down for thousands of users, according to tracking service Downdetector.
"Child care costs are just incredibly daunting for all but the wealthiest Americans," one financial expert said.
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
Microsoft services are down for thousands of users, according to tracking service Downdetector.
GM and other automakers have committed to expand their U.S. manufacturing since the Trump administration imposed tariffs on foreign-made vehicles.
JPMorgan Chase says President Trump's lawsuit "has no merit."
A historic preservation nonprofit is trying to block ongoing construction of Trump's new White House ballroom.
One year after President Trump announced it, the U.S. has finalized its withdrawal from the World Health Organization. Infectious disease experts call the decision "scientifically reckless."
The image, which an expert said was likely altered with AI, sparked backlash online. The White House doubled down, saying, "The memes will continue."
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
The Office of Management and Budget is seeking data about federal funding to 14 states and localities led by Democrats, including information from universities, and nonprofits within those states.
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
One year after President Trump announced it, the U.S. has finalized its withdrawal from the World Health Organization. Infectious disease experts call the decision "scientifically reckless."
Officials said there were 11 arrest orders for "El Botox" for extortion and homicide. He was accused of attacking authorities with explosives.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
The failed vote comes a week after the White House peeled off GOP support for a similar measure in the Senate.
Trump dropped threats to seize Greenland by force and hit allies who oppose a U.S. takeover with tariffs, claiming a deal will give the U.S. what it needs.
Jessica Williams joins "CBS Mornings" to discuss the upcoming season of "Shrinking," which follows a therapist as he navigates life after the loss of his wife. She talks about her character, how her own mental health helps shape the role, and working with Michael J. Fox and Harrison Ford.
The nominees for the 98th Academy Awards have been revealed. Fandango and Rotten Tomatoes correspondent Erik Davis breaks down the major Oscar categories.
Among the names missing when the 98th Academy Award nominations were announced were Ariana Grande, George Clooney, Paul Mescal, Denzel Washington, and anyone associated with "Wicked: For Good."
The celebrated Sundance Film Festival, opening Thursday in Park City, Utah, includes films starring Natalie Portman, Olivia Wilde, Seth Rogen and Charli XCX, plus a wide range of documentaries.
The nominees for the 98th annual Academy Awards were announced Thursday morning, and though "One Battle After Another," "Marty Supreme," "Frankenstein" and "Hamnet" were all nominated for plenty, it was "Sinners" that broke through with a record-smashing 16 nominations.
Microsoft services are down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
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.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
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.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
A whistleblower complaint revealed that an internal ICE memo authorizes officers to enter homes in some instances without a judicial warrant. CBS News' Camilo Montoya-Galvez explains.
Officials said there were 11 arrest orders for "El Botox" for extortion and homicide. He was accused of attacking authorities with explosives.
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
The commissioner of the Minnesota Department of Corrections, Paul Schnell, is denying allegations from the Trump administration about dangerous criminals. CBS News' Nicole Sganga reports.
Adrian Gonzales, a former Uvalde school police officer, was acquitted of 29 counts of child abandonment or endangerment over his response during the Robb Elementary School shooting in Texas. CBS News' Omar Villafranca reports.
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.
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.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
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.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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.
It's officially a midterm year, and this November's elections across the country could change the balance of power in Washington, D.C. CBS News political director Fin Gómez has more from Santa Barbara, California, where the Republican National Committee winter meeting took place on Thursday.
President Trump wrapped up his trip to the World Economic Forum in Davos, Switzerland, on Thursday. Before leaving, he met with Ukrainian President Volodymyr Zelenskyy to discuss efforts to end his country's war with Russia. Meanwhile, Steve Witkoff, Mr. Trump's senior envoy for Ukraine and Russia, said that the negotiations were "down to one issue," though he didn't say what the issue was. CBS News' Aaron Navarro reports.
Minnesota Democratic Sen. Amy Klobuchar has officially filed to run for governor after incumbent Tim Walz announced he would not seek reelection. Political strategists Rina Shah and Hyma Moore join with analysis.
Earlier this month, President Trump ordered banks to lower credit card interest rates to 10%. Nothing has happened because legislation is required. Republican Rep. Anna Paulina Luna of Florida joined CBS News to discuss her bill with Democratic Rep. Alexandria Ocasio-Cortez that would codify the 10% cap.
More than half of the U.S. is bracing for a massive winter storm predicted to bring snow and icy conditions from the Northeast to Texas and New Mexico. CBS News' Jason Allen, Ryan Hughes and Lonnie Quinn have more.