Fed expected to make another interest rate cut
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.
Federal Reserve
Why Wall Street is anticipating Trump's term
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.
Why are prices still stubbornly high?
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.
Albertsons sues Kroger after merger blocked
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.
Appeals court upholds potential TikTok ban
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.
Assessing potential impact of Trump's tariffs
Americans are bracing for President-elect Donald Trump's proposed tariff hikes on imported goods. CBS News MoneyWatch correspondent Kelly O'Grady looks at the potential economic impact. Then, small business owner Andy Gossett joins to discuss what the tariffs would mean for his outdoor sporting goods company.
What inflation data means for consumers
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on what it means for consumers.
Inflation ticks up for first time since March
The consumer price index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
What to know about new inflation data
if a rise in inflation becomes a trend it could affect the Federal Reserve's quest to reach its target rates and keep the economy healthy. CBS News' Kelly O'Grady has more on the new data.
Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
Powell vows to stay on as Fed Chair
Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch correspondent Kelly O'Grady has the details.
What the Fed interest rate cut means for you
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
What does Fed rate cut say about the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.
The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Federal Reserve interest rate cut news
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.
Federal Reserve cuts interest rate
The Federal Reserve announced an interest rate cut of 0.25 percentage points as inflation continues to cool. CBS News business analyst Jill Schlesinger breaks down the announcement and CBS News correspondent Natalie Brand has more from the White House.
Potential interest rate cut news coming
The Federal Reserve will announce Thursday whether it will cut interest rates again after a jumbo cut in September. CBS News business analyst Jill Schlesinger breaks down what economists expect.
5 ways Trump's presidency could affect the economy — and your money
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
Rate cut expected from Fed: What to know
Another interest rate cut is expected to be announced Thursday afternoon by Federal Reserve Chair Jerome Powell. CBS News business analyst Jill Schlesinger has more details.
Interest rate cut expected from Fed
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald Trump. CBS News correspondent Kelly O'Grady has more.
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Tehran says Strait of Hormuz "under Iran's control" after Trump threat
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
Senators demand answers about conditions aboard USS Abraham Lincoln
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
Trump's secret plane switch took place within a day of credible missile threat
President Trump secretly moved from Air Force One to another plane within a day of U.S. and Turkish intelligence picking up on an Iranian plot to fire a missile at the jet.
Robert Gilman was on "death's door" before Russia freed him, advocate says
Robert Gilman, a U.S. Marine veteran, was imprisoned in Russia for over four years and now faces a long road to recovery, says a hostage crisis expert who advocated for Gilman's release.
Karoline Leavitt exiting as White House press secretary
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
Single winning ticket sold for $1.04 billion Powerball jackpot
A single ticket sold in Illinois won the biggest Powerball jackpot of the year, $1.04 billion, in Wednesday night's drawing, the game says.
Surrogate gives birth to baby at center of multistate legal battle
Surrogate McKenna West declined to get an abortion requested by the intended parents after the baby she was carrying was diagnosed with a severe but treatable heart defect.
Search for survivors of Colombia earthquake enters "final phase"
Rescuers in Colombia were making last-ditch efforts to locate earthquake survivors early Thursday as the critical 72-hour window for rescue operations neared its end.
2 killed when Apache helicopter from Fort Hood crashes in Salado, Texas
Two soldiers aboard an AH-64 Apache attack helicopter based out of Fort Hood were killed in a crash on Wednesday, according to local authorities and the Army.
U.S.
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Reese's Halloween pumpkins hit shelves unchanged after lawsuit victory
Hershey said the Halloween-shaped candy, which had sparked a lawsuit over the product's lack of detail, will return in its familiar oval shape.
Robert Gilman was on "death's door" before Russia freed him, advocate says
Robert Gilman, a U.S. Marine veteran, was imprisoned in Russia for over four years and now faces a long road to recovery, says a hostage crisis expert who advocated for Gilman's release.
60 cats rescued from abandoned boat anchored off Washington state
Police in Tacoma, Washington, say they have rescued 60 cats and kittens from an abandoned sailboat that was found anchored off a city beach last week.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
2 killed as Apache helicopter from Fort Hood crashes in Salado, Texas
Two soldiers aboard an AH-64 Apache attack helicopter based out of Fort Hood were killed in a crash on Wednesday, according to local authorities and the Army.
MoneyWatch
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Reese's Halloween pumpkins hit shelves unchanged after lawsuit victory
Hershey said the Halloween-shaped candy, which had sparked a lawsuit over the product's lack of detail, will return in its familiar oval shape.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
How much time does AI save at work? New Census Bureau data breaks it down.
New Census data shows how much faster workers can complete tasks when they enlist artificial intelligence for help.
Here's how much Social Security's 2027 COLA could rise under new estimates
Social Security's cost-of-living adjustment for 2027 is projected to be lower than previously forecast, according to new estimates.
NYC Council probes prediction markets over advertising practices
New York City lawmakers allege that four major prediction markets engage in deceptive marketing practices and target young adults.
Politics
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Robert Gilman was on "death's door" before Russia freed him, advocate says
Robert Gilman, a U.S. Marine veteran, was imprisoned in Russia for over four years and now faces a long road to recovery, says a hostage crisis expert who advocated for Gilman's release.
Live
Tehran says Strait of Hormuz "under Iran's control" after Trump threat
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
Democratic senators demand answers about conditions aboard USS Abraham Lincoln
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
Trump's secret plane switch took place within a day of credible missile threat
President Trump secretly moved from Air Force One to another plane within a day of U.S. and Turkish intelligence picking up on an Iranian plot to fire a missile at the jet, CBS News has learned.
U.S. indicts former SPLC executive for her role in alleged fraud scheme
Prosecutors have accused the Southern Poverty Law Center of telling donors and banks it was dismantling white supremacist and extremist groups, while funneling payments to confidential informants in the groups.
HealthWatch
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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.
Texas steps into surrogate fight with parents
California parents wanted to end a surrogate pregnancy when doctors diagnosed the baby with a severe heart defect at 20 weeks. The surrogate refused and went to Texas, where the state has now stepped in. The baby was born on Wednesday. Jason Allen reports.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
World
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Robert Gilman was on "death's door" before Russia freed him, advocate says
Robert Gilman, a U.S. Marine veteran, was imprisoned in Russia for over four years and now faces a long road to recovery, says a hostage crisis expert who advocated for Gilman's release.
Search for survivors of Colombia earthquake enters "final phase"
Rescuers in Colombia were making last-ditch efforts to locate earthquake survivors early Thursday as the critical 72-hour window for rescue operations neared its end.
$5,255 fine issued after foghorn wakes up sleeping polar bear
Under local regulations, "it is forbidden to needlessly disturb, attract or pursue a polar bear," which was declared a protected species in 1972.
Live
Tehran says Strait of Hormuz "under Iran's control" after Trump threat
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
Democratic senators demand answers about conditions aboard USS Abraham Lincoln
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
Entertainment
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Entertainment
Becky G on her rise to fame, new music
Singer Becky G was signed to a record label at just 14 years old. She spoke exclusively to "CBS Mornings" co-host Gayle King about her rise to fame, advocacy in her new music and major collaborations.
Becky G on her friendship with Karol G
Singer Becky G speaks with Gayle King about her tour with Karol G and the bond the two pop stars have formed. "We have a beautiful friendship," Becky G says, "one I'm really, really thankful for and one that I think throughout the years we've really earned with one another."
Behind the scenes of the movie "Tony"
Actor Dominic Sessa and renowned chef Eric Ripert talk with "CBS Mornings" about the new movie "Tony," which is loosely based on Anthony Bourdain's stories of his first experience working in a kitchen restaurant before he found fame. Sessa describes how he got involved and Ripert, who one of Bourdain's best friends, talks about his relationship with the beloved chef.
Becky G on being family's breadwinner
"CBS Mornings" co-host Gayle King speaks exclusively with pop superstar Becky G about feeling the pressure of becoming her family's breadwinner at a young age.
Spotify to label music from "AI personas"
Kourtnee Jackson, senior streaming and entertainment editor at CNET, joins "The Daily Report" to give her take on Spotify's decision to label AI-generated music and block it from being recommended to users.
Technology
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Technology
Google unveils new tech, centered around AI
Google is officially unveiling its latest line of Pixel phones and other new devices at its 2026 Made By Google event in New York. AI is at the center of its newest offerings. Matt Binder, a senior reporter at Mashable, joins CBS News to discuss.
Meta on trial for social media addiction suit
Tech giant Meta is being accused of designing social media platforms that violate privacy and enable social media addiction in children. Jury selection in the trial begins today. CBS News legal contributor Jessica Levinson has more on the case.
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.
Duffy on new tech for air travel safety
Top transportation officials were at Newark Airport on Tuesday for the installation of a new radar system designed to help controllers prevent runway incidents. CBS News senior transportation correspondent Kris Van Cleave spoke with Transportation Secretary Sean Duffy about the new technology.
Wall Street targets $500B for AI
Nvidia scored an astounding $500 billion in financing for artificial intelligence, backed by Wall Street's top power brokers and firms. Puck founding partner and industry journalist William D. Cohan weighs in on the AI boom and data center construction.
Science
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Science
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.
How a total solar eclipse stopped a war
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
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.
Crime
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Crime
Mangione may discuss a plea deal, sources say
Luigi Mangione is expected in federal court for a hearing on Friday. This comes as sources tell CBS News that his defense team may discuss a potential plea deal with prosecutors. CBS News' Caroline Polisi has more.
New development in Luigi Mangione case
Federal prosecutors and defense attorneys in the Luigi Mangione case have requested a special hearing on Friday. Sources involved in the federal case say both sides will likely discuss a possible plea deal for the 28-year-old who is accused of killing UnitedHealthcare CEO Brian Thompson. CBS News legal contributor Caroline Polisi breaks down the case.
DHS defends agent who pointed gun at woman
The Department of Homeland Security is reacting after a video emerged of a federal agent pointing a gun at a Virginia woman while she was inside her car. CBS News' Michael George reports.
Police seize 1,000 pounds of cocaine with stickers of soccer star
Police released a video showing the packages spilling out from the truck's false bottom, with the stickers of Norway's soccer star Erling Haaland.
Lindsay Clancy breaks down during trial
The judge in Lindsay Clancy's trial for the killings of her three children had to call multiple breaks on Wednesday as she broke down in tears during testimony about the injuries her children suffered in their deaths. CBS News Boston's Penny Kmitt has more.
Space
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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.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
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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.
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.
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.
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.
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Latest updates on Colombia earthquake efforts
Rescue and relief efforts are underway in Colombia in the aftermath of a horrific 7.4-magnitude earthquake. CBS News' Lilia Luciano reports from Pereira, Colombia.
Becky G on her rise to fame, new music
Singer Becky G was signed to a record label at just 14 years old. She spoke exclusively to "CBS Mornings" co-host Gayle King about her rise to fame, advocacy in her new music and major collaborations.
More details on Trump's plane switch
Some staffers joined President Trump in covertly swapping planes amid a missile threat from Iran when leaving Turkey. Others were left behind on the decoy plane. CBS News' Aaron Navarro has more.
Save on these college dorm room essentials
The National Retail Federation estimates students and their parents on average will spend more than $1,400 this year on dorm room essentials. Smart shopping expert Trae Bodge gives money-saving tips for college move-in.
Norah O'Donnell on her hormone regimen
On "Healthful," Norah O'Donnell speaks with her own doctor, Dr. Rachel Rubin, about her hormone regimen and why she takes testosterone.