Deposits at Silicon Valley Bank to be fully guaranteed, U.S. government says
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Federal Reserve
What to expect in latest jobs report
New weekly jobless claims rose to the highest numbers in five months, and the February numbers are due out Friday. CBS News' Jim Axelrod and Nikki Battiste are joined by Daniel Altman, chief economist for the flexible job platform Instawork.
Fed chair sees higher interest rates coming
Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest rates could rise higher and faster than anticipated in an effort to fight inflation. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBS News' John Dickerson to discuss the comments, plus a new corporate trend that's convincing consumers to spend more on similar products.
Stocks fall over interest rate hike fears
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Fed chair: Rates "likely to be higher"
Federal Reserve Chair Jerome Powell said interest rates could climb higher than what experts had first predicted. He testified on Capitol Hill on Tuesday as inflation remains stubbornly high. CBS News reporter Sarah Ewall-Wice discussed Powell's latest comments on possible rate hikes and on the looming debt ceiling crisis.
Fed may need to accelerate rate hikes, Jerome Powell says
Economic data is coming in "stronger than expected," the Fed chair told a Senate panel on Tuesday.
How to approach credit card perks, debt
Spending and inflation have sent credit card debt soaring to a record high of nearly a trillion dollars, and credit card companies are offering perks to try to get more people to sign up. Javier E. David, a CBS News contributor and the managing editor for business and markets at Axios, joined Vladimir Duthiers and Anne-Marie Green to discuss what customers need to look out for.
Wage growth is slowing. Blame the Federal Reserve.
Some policy experts are urging the central bank to stop jacking up interest rates before it tanks the economy.
U.S. consumers undeterred by inflation, report shows
Although U.S. inflation continues to remain high, it's not stopping Americans from spending on everything from everyday essentials to pricey vacations. A Commerce Department report released Friday found that consumer spending rose 1.8% in January. Michael George has the details.
New inflation data could change rate hike strategy
The stock market fell on Friday as investors responded to the latest inflation data which came in higher than expected. Brian Vendig, president of MJP Wealth Advisors, joined CBS News to discuss how the latest data could force the Federal Reserve to raise interest rates higher than anticipated.
Federal Reserve likely to cause a recession, research says
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
What moved stocks and economy this week
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
More companies to report Q4 earnings
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Why tech workers are getting laid off
Yahoo is the latest tech company to announce mass layoffs. Courtenay Brown, an economics reporter for Axios, joins CBS News' Errol Barnett and Elaine Quijano to discuss what's behind the layoffs, why they are happening amid historically low unemployment numbers and how the layoffs could affect the Federal Reserve.
Biden touts progress on economy
Jared Bernstein, a member of the White House Council of Economic Advisers, joined CBS News to discuss the optimistic message in President Biden's State of the Union address and the state of the American economy.
Parties clash on debt limit ahead of address
Prominent Democrats and Republicans on both sides of the aisle are clashing on how to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice discusses how politicians and the public view the debt ceiling.
U.S. hiring surged in January
President Biden is highlighting January's job report after it soared past economists' predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves.
January jobs report surpasses expectations
The January jobs numbers crushed expert expectations, with more 517,000 new jobs being reported last month. In addition, the unemployment rate fell to its lowest level in more than 50 years. CBS News business analyst Jill Schlesinger has more.
Investors react to strong January jobs report
The January jobs report showed unemployment at its lowest since 1969, but investors fear the hot economy will bring further interest rate hikes from the Federal Reserve. Lori Bettinger, president of Bancalliance, joined CBS News to discuss why the prospect of a soft landing is looking more likely.
Fed hikes interest rates by a quarter-point
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
Biden, McCarthy meet to discuss debt ceiling
President Biden and House Speaker Kevin McCarthy met Wednesday to discuss the debt ceiling and open the door for budget cut negotiations. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joins CBS News' John Dickerson to discuss what it would take to balance the budget and what that would do to the economy.
Federal Reserve raises interest rates again
Javier David, a managing editor of business and markets for Axios and a CBS News contributor, joins Lana Zak and Elaine Quijano as the Federal Reserve announces it is raising rates for the eighth time over the course of a year. He explains why the central bank decided on the quarter-point increase and what it means for the U.S. economy.
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
U.S. plans expansion of denaturalization push, aiming for 250 cases by fall
The Trump administration expects to try to revoke the U.S. citizenship of more than 250 foreign-born citizens by October, a Justice Department official said.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Sens. Bill Cassidy, Thom Tillis and Ted Cruz have been critical of the 14-point memorandum of understanding signed on Wednesday.
States not required to give community-based care for those with disabilities: DOJ opinion
The Office of Legal Counsel opinion released Thursday said states aren't required by law to integrate mentally disabled patients with their peers by providing community or home-based care.
Luigi Mangione's legal team withdraws psychiatric defense
Luigi Mangione's legal team says they withdrew a psychiatric defense in his New York state murder trial one day after telling the court they would use it.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
Supreme Court sides with man who challenged law barring drug users from having guns
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
Obama Presidential Center opens in Chicago with star-studded celebrations
The Obama Presidential Center's grand opening ceremony featured a star-studded lineup of tributes, speeches and musical performances.
U.S.
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Trump awards Medal of Honor to 3 veterans of the Vietnam, Afghanistan wars
In a ceremony at the White House, the president paid tribute to retired Marine Corps Maj. James Capers Jr., retired Army Maj. Nicholas Dockery and Marine Col. John W. Ripley, who died in 2008.
States not required to give community-based care for those with disabilities: DOJ opinion
The Office of Legal Counsel opinion released Thursday said states aren't required by law to integrate mentally disabled patients with their peers by providing community or home-based care.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
GOP congressman, missing for months, set to return on June 30
Republican Rep. Tom Kean Jr. of New Jersey will return to Congress on June 30, his spokesperson said, after being away since March in an unexplained absence that has confounded Capitol Hill.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
MoneyWatch
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Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Intel shares leap after Trump announces chip deal with Apple
In a social media post, President Trump touted the U.S. government's 10% stake in Intel, noting that it is now worth $60 billion.
Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Politics
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Trump's goals for the Iran war and what he's saying now
When the U.S.-Iran conflict began, President Trump laid out a litany of aggressive war aims. Here's what the president and his top aides said then — and how their views have changed.
Trump awards Medal of Honor to 3 veterans of the Vietnam, Afghanistan wars
In a ceremony at the White House, the president paid tribute to retired Marine Corps Maj. James Capers Jr., retired Army Maj. Nicholas Dockery and Marine Col. John W. Ripley, who died in 2008.
States not required to give community-based care for those with disabilities: DOJ opinion
The Office of Legal Counsel opinion released Thursday said states aren't required by law to integrate mentally disabled patients with their peers by providing community or home-based care.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Michelle Obama's speech at center opening moves husband to tears
Former first lady Michelle Obama delivered a loving and heartfelt tribute to her husband at the Obama Presidential Center's grand opening ceremony in Chicago Thursday.
HealthWatch
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Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
World
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Trump's goals for the Iran war and what he's saying now
When the U.S.-Iran conflict began, President Trump laid out a litany of aggressive war aims. Here's what the president and his top aides said then — and how their views have changed.
Man charged after toddler ends up in crocodile enclosure at zoo
Police in eastern England said a man was arrested on suspicion of attempted murder after a 3-year-old boy "ended up in the crocodile enclosure" at a zoo.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
"Lady Gucci," who had her ex-husband killed, could soon inherit $23M fortune
Despite spending 18 years in prison for orchestrating the murder of her ex-husband, fashion heir Maurizio Gucci, Patrizia Reggiani may be about to inherit a fortune.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Senators Bill Cassidy, Thom Tillis, Ted Cruz and Tom Cotton have been critical of the 14-point memorandum of understanding signed on Wednesday.
Entertainment
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Americans say they're reading fewer books. Here's what they're doing instead.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.
Singer Myles Smith talks debut album
Myles Smith's career skyrocketed after his hit song "Stargazing" became the biggest song by a U.K. artist worldwide in 2024. Now, he's releasing his debut album, "My Mess, My Heart, My Life," on June 19. Myles Smith joins "CBS Mornings" to discuss his rapid rise to stardom, his first album and his experience touring with Ed Sheeran.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Extended interview: Myles Smith
British singer-songwriter Myles Smith talks to Anthony Mason about his much-anticipated debut album, "My Mess, My Heart, My Life," growing up in London, his rapid rise to stardom and more.
Technology
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Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Mangione's legal team drops psychiatric defense
Attorneys for Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, dropped plans for a psychiatric defense in his state case on Thursday. CBS News legal reporter Katrina Kaufman has the details.
Man charged after toddler ends up in crocodile enclosure at zoo
Police in eastern England said a man was arrested on suspicion of attempted murder after a 3-year-old boy "ended up in the crocodile enclosure" at a zoo.
"Lady Gucci," who had her ex-husband killed, could soon inherit $23M fortune
Despite spending 18 years in prison for orchestrating the murder of her ex-husband, fashion heir Maurizio Gucci, Patrizia Reggiani may be about to inherit a fortune.
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Gilgo Beach serial killer sentenced
In a Long Island courtroom Wednesday, Rex Heuermann received three life sentences for choking and dismembering eight women, most of them in his basement, over the course of more than 15 years. The 62-year-old addressed the court before he was sent away. Tom Hanson reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
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.
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.
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
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Latest CBS News Videos
Ukraine launches drone attack on Moscow
Ukraine hammered Russia with the largest attack on the capital city of Moscow since Russia invaded its neighbor more than four years ago. A massive swarm of Ukrainian drones hit a major oil refinery there, among other targets, on Thursday. Ukraine's President Volodymyr Zelenskyy said it was a retaliatory act. Aidan Stretch reports.
Mangione's legal team drops psychiatric defense
Attorneys for Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, dropped plans for a psychiatric defense in his state case on Thursday. CBS News legal reporter Katrina Kaufman has the details.
How Trump's Iran rhetoric has changed
Many of President Trump's stated reasons for going to war with Iran are left unresolved in the initial deal with Iran, and many of the president's goals for the war haven't been met. But what has changed in just a few months is his rhetoric. Margaret Brennan reports.
Bipartisan criticism for Trump's Iran deal
Vice President JD Vance defended President Trump's deal with Iran, which he signed on Wednesday at the Palace of Versailles in France. Weijia Jiang has more reaction and details.
Espaillat facing Mamdani-backed challenger
Democratic Rep. Adriano Espaillat of New York is facing a primary challenger from his left, who is endorsed by New York City Mayor Zohran Mamdani. Political strategists Erin Maguire and Chuck Rocha join with analysis.