Behind Fed decision to hold rates steady
The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports.
Federal Reserve
Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed leaves interest rates unchanged
The Federal Reserve announced Wednesday that it would leave interest rates unchanged despite pressure from President Trump to cut rates. CBS News' Kelly O'Grady and Weijia Jiang have the latest.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserves' upcoming interest rate decision on Wednesday and what it could mean for your finances.
Small businesses deal with trade uncertainty
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
Trump wants the Fed to cut rates on Wednesday. Will it oblige?
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
The key points in Trump's budget proposal
The Trump administration has unveiled its budget blueprint for 2026. Now, it's only a matter of getting Congress on board. Plus, more jobs were added to the U.S. economy in April than expected, despite uncertainty with the Trump administration's tariff plans against trade partners. CBS News' Willie James Inman and Jo Ling Kent have the latest.
Trump calls on Fed to lower rates
Employers added 177,000 jobs last month as the labor market keeps humming, for now, despite all the turmoil caused by President Trump's tariffs. The White House is taking credit for the job growth after blaming former President Biden for the drop in gross domestic product earlier this week. Mr. Trump said this is a sign that Federal Reserve Chair Jerome Powell should cut interest rates. CBS News' Ed O'Keefe and Jo Ling Kent report.
Breaking down what the Federal Reserve does
As Financial Literacy Month continues, CBS News business analyst Jill Schlesinger breaks down what the Federal Reserve does and why it matters, following President Trump's latest attacks on Federal Reserve Chair Jerome Powell.
Trump says he has "no intention of firing" Fed chief Jerome Powell
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
Trump: "No intention of firing" Powell
President Trump told reporters Tuesday he has "no intention of firing" Federal Reserve Chairman Jerome Powell, one day after Mr. Trump called Powell a "major loser." Stef Kight, politics reporter at Axios, and Jake Traylor, White House reporter at Politico, join "America Decides" to discuss the president's comments and more.
Leavitt suggests Fed Reserve isn't independent
White House press secretary Karoline Leavitt spoke about a potential trade deal with China and addressed President Trump's attacks on Federal Reserve chair Jerome Powell during Tuesday's press briefing. CBS News White House reporter Aaron Navarro has more.
Stocks tumble as Trump criticizes Powell
CBS News business analyst Jill Schlesinger breaks down what to know after stocks fell Monday following President Trump's criticism of Fed chair Jerome Powell. Last week, Powell warned tariffs could hurt the U.S. economy.
Breaking down Wall Street's reaction to Trump
President Trump started the day calling Federal Reserve Chairman Jerome Powell names and pressuring him to lower interest rates. The comment caused an immediate reaction on Wall Street. Kelly O'Grady has analysis.
Trump ramps up attacks on Fed Chair Powell
President Trump derided Federal Reserve Chairman Jerome Powell in a social media post on Monday as a "major loser" and pressed him to lower interest rates "NOW." CBS News political director Fin Gómez joins with analysis.
Trump is studying how to remove Fed Chair Powell, adviser says
Trump administration economist Kevin Hassett said Powell's removal is being studied by the president and his team.
Mike Levin slams potential firing of Powell
The Trump administration is continuing to criticize Federal Reserve Chair Jerome Powell. The president's top economist said President Trump and his team are studying whether the president can fire him. Democratic Rep. Mike Levin of California joins "America Decides" to discuss.
Trump on FSU shooting, Fed chair
President Trump called the deadly mass shooting at Florida State University "terrible" and a "shame," but suggested he won't back new gun control measures. Meanwhile, Mr. Trump continued to lash out at Federal Reserve Chairman Jerome Powell. CBS News' Natalie Brand has more.
Can Trump fire Fed chair Jerome Powell?
President Trump is once again taking aim at his own pick for America's most powerful economic post -- Federal Reserve Chair Jerome Powell. Despite nominating him in 2017, Trump now wants him out. But is that allowed? Jan Crawford explains.
Trump "not happy" with Fed chair Jerome Powell
Federal Reserve Chair Jerome Powell has run afoul, again, of President Trump after Powell said Trump's tariffs could hurt the economy. Weijia Jiang reports.
Dow Jones falls more than 500 points
Stock market turmoil continued Thursday with the Dow Jones closing in the red. The drop comes as investors weigh progress in trade negotiations with Japan and navigate general uncertainty over the Trump administration's tariff plan. Notably, UnitedHealth shares fell after the company announced a cut to its annual profit forecast, citing expectations of high medical costs for the rest of the year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Sen. Warren warns Trump against firing Powell
President Trump lashed out at Federal Reserve Chair Jerome Powell in a social media post on Thursday, saying his termination "cannot come fast enough." CBS News' Fin Gómez and Kelly O'Grady report.
Market reaction to Powell, Trump remarks
We're following market reaction on the heels of Federal Reserve Chair Jerome Powell's remarks on Wednesday about the economic impact of the Trump administration's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
DOJ defends Trump media ban, citing national security and "professionalism"
The Justice Department claimed that reporting from CNN, MS NOW and Politico raises national security concerns and accused their journalists of failing to act with "professionalism and decorum."
Exclusive
Ukraine ready to sign landmark drone defense deal with U.S., sources say
Sources tell CBS News that Ukraine is ready to sign a landmark drone defense deal with the U.S., as new details of Ukrainian technology helping defend U.S. bases in the Middle East come to light.
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Supreme Court stays out of custody dispute between California couple and surrogate
Justice Elena Kagan declined a request from a surrogate to intervene in a custody dispute with a California couple.
Hurricane Polo a very powerful Category 4 storm off Mexico. See its path.
Hurricane Polo intensified rapidly in the Pacific off the southwestern Mexican coast, growing into a Category 5 storm before weakening slightly to a Category 4. Here's the latest on its path.
ICE officer who shot Venezuelan man wasn't wearing body camera, sources say
The ICE officer who shot a Venezuelan delivery driver was not wearing a body camera at the time of the shooting, sources familiar with the investigation told CBS News.
Exclusive
5 moments from Patrick Clancy's 60 Minutes interview
Patrick Clancy sat down with 60 Minutes in New York City for a lengthy conversation about his ex-wife Lindsay Clancy's struggles with mental health, his grief and the social media frenzy surrounding him.
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.
U.S.
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Mortgage rates top 7% for the first time since May 2024, MBA says
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
DOJ defends Trump media ban, citing national security and "professionalism"
The Justice Department claimed that reporting from CNN, MS NOW and Politico raises national security concerns and accused their journalists of failing to act with "professionalism and decorum."
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Supreme Court stays out of custody dispute between California couple and surrogate
Justice Elena Kagan declined a request from a surrogate to intervene in a custody dispute with a California couple.
MoneyWatch
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Mortgage rates top 7% for the first time since May 2024, MBA says
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
3 guys hacked OpenAI using a rival Anthropic model. Here's what to know.
Cybersecurity researchers from a small firm called Hacktron in India broke into OpenAI, showing how vulnerable frontier labs are.
Diesel prices just hit a new record. Would a U.S. export ban bring relief?
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
Politics
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DOJ defends Trump media ban, citing national security and "professionalism"
The Justice Department claimed that reporting from CNN, MS NOW and Politico raises national security concerns and accused their journalists of failing to act with "professionalism and decorum."
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Redrawn Missouri congressional map lands before Supreme Court for third time
The fight over Missouri's congressional map returned to the U.S. Supreme Court for a third time after an appeals court ordered the revival of new districts backed by President Trump.
DOJ charges Utah postal worker for allegedly dumping mail ballots in trash
The Justice Department says a U.S. Postal Service letter carrier in Utah threw out more than 300 mail ballots that were being sent to voters for the state's June primary.
HealthWatch
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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.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
World
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Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Ancient wall found under Paris hotel could confirm origins of city
The wall dating from the Gallo-Roman period was discovered beneath a hotel on the Île de la Cité, a stone's throw from Notre Dame Cathedral.
Venezuela blocks 3 attempts by opposition leader Machado to return, team says
Venezuelan opposition leader María Corina Machado tried 3 times to enter her country "by air and sea but has been turned away each time," her team says.
Exclusive
Ukraine ready to sign landmark drone defense deal with U.S., sources say
Sources tell CBS News that Ukraine is ready to sign a landmark drone defense deal with the U.S., as new details of Ukrainian technology helping defend U.S. bases in the Middle East come to light.
Entertainment
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Entertainment
Taylor Swift announces new song out this week
Taylor Swift announced she's releasing a new song, "Patient Zero," on Friday. Jo Ling Kent reports.
Details on Hayden Panettiere's cause of death
Hayden Panettiere died of an accidental overdose involving fentanyl, the coroner's office said in its autopsy report. Lillia Luciano reports.
Hayden Panettiere cause of death revealed
Actress Hayden Panettiere died from an accidental overdose of fentanyl and several other drugs, according to a coroner in South Carolina. Lilia Luciano reports.
Hayden Panettiere died from accidental overdose
A South Carolina coroner revealed Tuesday that actor Hayden Panettiere died from an accidental overdose of several drugs, including fentanyl. CBS News national correspondent Lilia Luciano has more.
Judge Judy reflects on 30-year career
Judith Sheindlin, known on TV as Judge Judy, sits down with "CBS Mornings" to discuss her 30-year career as she passes the torch to her son, Adam.
Technology
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Technology
Trump to meet with China's XI over AI
President Trump has downplayed the threat posed by artificial intelligence amid growing calls for AI regulation. MIT professor and artificial intelligence expert Max Tegmark weighs in on Mr. Trump's planned meeting with China's Xi Jinping.
How a "swarm" of AI agents hacked a company
Experts are worried about the dangers of "swarms" of AI models coming together to accomplish a complex task for nefarious reasons. CBS News' Megan Cerullo breaks down what this means.
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.
Downloads surge for Meta's new AI agent Muse
Meta's new AI personal assistant, Muse, has reached the top of the U.S. App Store charts, surpassing competitor ChatGPT. CBS News digital reporter Lauren Fichten details how the app's popularity is helping Meta play catch-up in the AI race.
Trump rejects calls to rein in AI
At the U.N. General Assembly on Tuesday, President Trump told world leaders that the U.S. rejects efforts to rein in artificial intelligence. Stephen Witt, a journalist focused on AI, joins "The Takeout" with analysis.
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
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Crime
Nolan Wells' family demands answers
An attorney for the family of Mississippi teen Nolan Wells is calling for the Department of Justice to step in after a grand jury declined to charge anyone in his drowning death. CBS News' Skyler Henry reports.
Concerns over kids' safety getting off the bus
When a school bus stops to pick up kids, the other cars on the road are supposed to stop with it. But thousands of times a day, they do not. As Mark Strassmann reports, some areas have found a way to crack down.
Hayden Panettiere cause of death revealed
Actress Hayden Panettiere died from an accidental overdose of fentanyl and several other drugs, according to a coroner in South Carolina. Lilia Luciano reports.
Political donations form family tied to suspected Chinese spy
A family tied to a suspected Chinese spy made $4.4 million in donations to California politicians, including Gov. Newsom, a CBS News investigation found. CBS News' Josh Boswell breaks it down.
Man shot by ICE: "I'm not doing well"
Wilber Rafael Garces Perez was shot in the back by an Immigration and Customs Enforcement agent in Austin, Texas. Garces Perez's lawyer says he had a work permit and was seeking asylum but had missed a deportation order sent to an old address. CBS News' Jason Allen reports.
Space
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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.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Bone Loss: A Silent Disease
About half of women over the age of 50 experience bone density loss, but most don't even know they have a problem. That's why Dr. Jocelyn Wittstein calls it a "silent disease." Dr. Wittstein has been at the forefront of understanding how joint pain and joint health evolve over a woman's lifetime. She tells Norah how you can reverse bone loss and what impact hormones have on bone density.
Taylor Swift announces new song out this week
Taylor Swift announced she's releasing a new song, "Patient Zero," on Friday. Jo Ling Kent reports.
Details on Hayden Panettiere's cause of death
Hayden Panettiere died of an accidental overdose involving fentanyl, the coroner's office said in its autopsy report. Lillia Luciano reports.
Breaking down cost of Trump's Afrikaner plan
President Trump's plan to bring nearly 18,000 White Afrikaners to the U.S. is projected to cost taxpayers $500 million. Camilo Montoya-Galvez reports.