Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Federal Reserve
Janet Yellen discusses inflation, U.S. economy
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Stocks tumble after hot inflation report
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Jerome Powell: The 2024 60 Minutes Interview
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Jerome Powell on SVB's collapse
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
Federal Reserve Chair Jerome Powell discusses interest rate cut timeline
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
Chairman Powell I Sunday on 60 Minutes
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Presidential candidates address housing costs
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Fed to announce interest rate decision
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
Federal Reserve holds interest rate steady. Here's what that means.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
What to expect from Fed's first 2024 meeting
The Federal Reserve is expected to wrap up its first rate meeting of 2024 on Wednesday. CBS News business analyst Jill Schlesinger breaks down what to expect and how the Fed’s interest rate decisions affect your finances.
Here's what to know about the Fed's first rate meeting of 2024
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
Regional banks try to combat low earnings
Regional banks are seeing steep drops in their 2023 fourth quarter profits after avoiding a crisis last year as inflation persisted. Gina Heeb, a Wall Street Journal reporter, joins CBS News with her take on the regional banking outlook.
Inflation cooled in June: What that means
Inflation cooled in June to 3%, the lowest in more than two years, according to the U.S. Labor Department's Consumer Price Index. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what this means for consumers and whether the Federal Reserve will continue to raise rates.
Report: U.S. economy saw strong end to 2023
The U.S. economy had a robust end to 2023, with the gross domestic product exceeding expectations, according to a new Commerce Department report. Axios chief economic correspondent Neil Irwin joins CBS News to discuss the 2024 economic outlook.
Economy outgrew expectations in 4th quarter
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Wholesale prices fell again this month
New data on wholesale prices appears to indicate inflation may be moderating but has not yet cooled to the Federal Reserve's target. Greg Robb, an economics editor at MarketWatch, joins CBS News with insight on the new figures.
Inflation uptick reflects U.S. economic struggles
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
216,000 jobs added in December
The labor market beat Dow Jones expectations in December with 216,000 jobs added, according to the latest labor report. The unemployment rate remained unchanged at 3.7%. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to break down the numbers.
What to expect from the economy in 2024
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Judge skeptical of Trump's White House ban on CNN, MS NOW and Politico
A federal judge signaled he is skeptical of President Trump's ban on CNN, MS NOW and Politico from White House grounds.
Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
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.
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.
Ambassador says son is fighting for his life after attack in West Bank
Neria Leiter, the son of Israel's ambassador to the U.S., Yechiel Leiter, was seriously injured in a car-ramming attack in the West Bank.
Harvey Weinstein sentenced to 15 years in New York sexual assault case
Harvey Weinstein, the disgraced movie mogul, was sentenced to 15 years in prison Wednesday morning for sexually assaulting Miriam Haley at his Manhattan apartment in 2006.
Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Tropical Storm Nolo forms in Pacific, Hawaii under hurricane watch
Nolo is expected to become a hurricane sometime Thursday, and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
U.S.
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Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Dolly Parton's estate granted restraining order against her nephew over threats
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Tropical Storm Nolo forms in Pacific, Hawaii under hurricane watch
Nolo is expected to become a hurricane sometime Thursday, and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Judge skeptical of Trump's White House ban on CNN, MS NOW and Politico
A federal judge signaled he is skeptical of President Trump's ban on CNN, MS NOW and Politico from White House grounds.
MoneyWatch
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Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Mortgage rates top 7% for the first time since May 2024
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.
Politics
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Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Cybercriminal group claims it stole FBI personnel and applicant data
A notorious cybercriminal group claims it breached the FBI on Monday and stole data about personnel and FBI applicants.
Judge skeptical of Trump's White House ban on CNN, MS NOW and Politico
A federal judge signaled he is skeptical of President Trump's ban on CNN, MS NOW and Politico from White House grounds.
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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Ambassador says son is fighting for his life after attack in West Bank
Neria Leiter, the son of Israel's ambassador to the U.S., Yechiel Leiter, was seriously injured in a car-ramming attack in the West Bank.
6 people killed in bear attacks in Siberia: "Under siege"
Prosecutors said they opened a probe into criminal negligence, accusing local officials of failing to control bear numbers.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
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.
Entertainment
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Dolly Parton's estate granted restraining order against her nephew over threats
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Zibby Owens on living "between chapters"
Zibby Owens sits down with "CBS Mornings" to discuss her new book "Between Chapters: How I Started Over, Took Some Chances, and Found the Plot ."
"Lioness" star Michael Kelly on season finale
"Lioness" actor Michael Kelly sits down with "CBS Mornings" to discuss the season 3 finale of the popular series.
Technology
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Technology
How Meta AI agent Muse differs from chatbots
Meta is announcing its latest artificial intelligence tools and smart glasses at its annual showcase on Wednesday. CNET AI reporter Katelyn Chedraoui joins CBS News to discuss.
AI leaders call for international cooperation
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei are among the artificial intelligence executives briefing the U.N. Security Council amid warnings about AI's possible threat to humanity. Fortune magazine reporter Eva Roytburg joins CBS News to discuss.
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.
Meta set to launch camera-free smart glasses
Meta's smart glasses have sparked privacy concerns with some users recording people without their knowledge or consent. Now, the company is expected to launch a new pair of spectacles addressing those worries. Mashable tech editor Tim Werth joins CBS News with more.
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.
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
Rollercoaster linked to brain injuries
Over 100 Six Flags visitors are accusing the X2 rollercoaster in Southern California of leaving them with traumatic brain injuries. Carter Evans has more.
Dolly Parton's nephew facing court order
Dolly Parton's nephew, Bryan Seaver, who had announced her death in a video last month, was ordered by a court to stay out of most of her estate's affairs after threat accusations. Nicole Valdes has the latest.
American Idol contestant on trial for murder
Caleb Flynn, a former American Idol contestant, is on trial in Ohio for the murder of his wife. Ian Lee has the story.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Could Boise's "Unknown Wanderer" be linked to Chicago Tylenol murders?
Boise police have identified a man known as the "Unknown Wanderer" who was found dead in a church in 1982, and revealed a possible link to the Chicago Tylenol murders.
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.
Examining China-Iran relations as Trump hosts Xi
President Trump greeted China's Xi Jinping at Joint Base Andrews on Wednesday evening in an unusual presidential welcome for a foreign leader. CBS News Middle East contributor Courtney Kealy joins to discuss how the talks could affect the war in Iran.
Young girl catches valuable home run ball
A 6-year-old girl celebrating her birthday caught the 350th home run ball struck by Cincinnati Reds slugger Eugenio Suarez. She then threw it back.
Rollercoaster linked to brain injuries
Over 100 Six Flags visitors are accusing the X2 rollercoaster in Southern California of leaving them with traumatic brain injuries. Carter Evans has more.