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Federal Reserve Chair Jerome Powell signaled the Fed will likely continue raising interest rates to combat inflation. Yahoo Finance columnist Rick Newman reacts to Powell’s comments and explains how investors will likely react.
While higher borrowing costs will hurt, failure to ease inflation "would mean far greater pain," Federal Reserve chief says.
The Bureau of Economic Analysis reports the GDP fell 0.6% during the second quarter. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss the decline and a highly anticipated speech by Fed Chairman Jerome Powell at the Kansas City Federal Reserve's Economic Policy Symposium.
The stock market stayed flat Tuesday after falling sharply Monday. Rebecca Walser, president of Walser Wealth Management, joins CBS News to explain how the sell-off is connected to fears over what the Federal Reserve has planned for next months interest rate hike.
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Investors are reacting to the July Consumer Price Index report, which showed the annual rate of inflation at 8.5%, down from 9.1% in June. CBS News' Tanya Rivero and Elaine Quijano speak with Insider reporter Ben Winck on what the report means for American consumers.
The Consumer Price Index rose to 8.5% in the month of July, bringing inflation down from its 40-year high. Gas prices are falling, but the cost of food and rent are still increasing. Lori Bettinger, president of BancAlliance and the former director of the U.S. Treasury's Troubled Asset Relief Program, joined CBS News to discuss what this data means for the economy.
Investors are awaiting the July Consumer Price Index report for signs of whether inflation has started to ease after hitting another four-decade high in June. CBS News' Tanya Rivero and Elaine Quijano speak with Rick Newman, senior columnist for Yahoo Finance, about the state of the economy.
This week on "Face the Nation with Margaret Brennan," we talk to Florida Republican Sen. Rick Scott about the party’s opposition to the Democrats' economic plan, and former FDA Commissioner Dr. Scott Gottlieb returns to discuss the monkeypox health emergency. And after a surprising July jobs report, we talk to San Francisco Federal Reserve Bank President and CEO Mary Daly about what it means for the U.S. economy.
July's jobs report surpassed many economists' expectations despite concerns of inflation. Frances Stacy, director of portfolio Ssrategy at Optimal Capital, joins CBS News to break down how the markets reacted to the latest employment figures.
The Labor Department says job openings slowed in the month of June. CBS News' David Begnaud and Debra Alfarone speak with Mark Hamrick, senior economic analyst and Washington bureau chief for Bankrate, on the state of the economy and what to expect in Friday's July jobs report.
The Dow Jones Industrial Average rose back to even as tech stocks rallied on Monday. Yahoo Finance reporter Alexandra Semenova joins CBS News' Tanya Rivero to recap the stock market's gains.
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
Deutsche Bank is forecasting the U.S. will see a recession next year. The company's Global Head of Economic Research Peter Hooper spoke with CBS News' Tanya Rivero and Mola Lenghi about the new report.
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
The U,S. added 372,000 new jobs in the month of June according to the latest report from the Labor Department. Axios business reporter Hope King joined CBS News to discuss this stronger than predicted growth.
In MoneyWatch, Treasury Secretary Janet Yellen is testifying before the Senate Finance Committee today. Her appearance on Capitol Hill is slated to discuss the Biden administration's plans for the 2023 fiscal budget. Reuters Senior Correspondent Andrea Shalal joins CBS News for more.
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
The Conference Board will release its latest consumer confidence survey Tuesday, detailing the attitudes of consumers across the country. CBS News' Tony Dokoupil and Tanya Rivero sit down with Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Program, about what to expect from that report as well as another consumer price measure being released later this week.
According to the Labor Department, inflation hit a fresh 40-year record last month with consumer prices increasing 9.1% over the last 12 months. CBS News correspondent Nancy Chen reports on how rising prices are affecting people across the country. Then, Joe Brusuelas, principal and chief economist for RSM, joins CBS News' John Dickerson to discuss the latest numbers.
Major stock indexes dropped Monday but Mark Hamrick, senior economic analyst at Bankrate, says the market is still rallying from losses earlier in the year and discusses why a recent inflation expectations report could be a good sign for the Federal Reserve.
Rising interest rates are affecting nearly every aspect of the U.S. economy and the mortgage refinancing boom of 2021 seems to be the latest casualty. Axios markets correspondent Matt Phillips joined CBS News' Anne-Marie Green and Vladimir Duthiers to talk more about the end of that boom and how it might impact the housing market.
CBS News' Elaine Quijano and Michelle Miller sit down with Brian Sozzi, editor-at-large and anchor for Yahoo! Finance, to discuss what's driving the U.S. stock market, the volatility of the cryptocurrency market, and the likelihood of a recession.
The Federal Reserve is expected to raise interest rates on Wednesday. Brent Schutte, a chief investment strategist for Northwestern Mutual Wealth Management Company, talks with CBS News' Mola Lenghi and Tanya Rivero about this and other developments.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
The Iran war is nearing the three-week mark as about 2,200 more U.S. Marines and three more warships are headed toward the region, two U.S. officials say.
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon.
Siamak Namazi, who was released from Iran's Evin prison in 2023, said "it's important" that President Trump "hears that there are innocent Americans being held like we were as political pawns."
Chuck Norris' family said his death at 86 was sudden, but did not share any other information.
Border czar Tom Homan is expected back on Capitol Hill later Friday for bipartisan talks.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
Two former Louisville police officers were facing civil rights charges in connection with the 2020 shooting death of Breonna Taylor.
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
Transcript: Siamak Namazi, Emad Shargi, Roger Carstens, Neda Sharghi on "Face the Nation with Margaret Brennan," March 22, 2026
Joseph Duggar's arrest comes almost five years after his older brother Josh Duggar was convicted of downloading child sexual abuse images.
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Security lines are stretching up to 2 hours at some airports amid TSA staffing shortages. Here's how to check wait times before you leave.
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon.
Transcript: Siamak Namazi, Emad Shargi, Roger Carstens, Neda Sharghi on "Face the Nation with Margaret Brennan," March 22, 2026
Border czar Tom Homan is expected back on Capitol Hill later Friday for bipartisan talks.
Siamak Namazi, who was released from Iran's Evin prison in 2023, said "it's important" that President Trump "hears that there are innocent Americans being held like we were as political pawns."
Two former Louisville police officers were facing civil rights charges in connection with the 2020 shooting death of Breonna Taylor.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Transcript: Siamak Namazi, Emad Shargi, Roger Carstens, Neda Sharghi on "Face the Nation with Margaret Brennan," March 22, 2026
Siamak Namazi, who was released from Iran's Evin prison in 2023, said "it's important" that President Trump "hears that there are innocent Americans being held like we were as political pawns."
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
Mexican President Claudia Sheinbaum on Friday condemned the deaths of three Mexican nationals in ICE custody this year.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island will be released to the media with redactions, court records show.
Action star Chuck Norris has died at age 86, his family announced Friday. CBS News' Mugo Odigwe reports.
Reality TV star Taylor Frankie Paul's booking photo for an apparent incident in 2023 has emerged. Entertainment Tonight's Nischelle Turner joins with more details.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
The White House unveiled a national framework for how it wants Congress to address concerns about artificial intelligence. Technology journalist Jacob Ward joins CBS News to discuss the outline and AI concerns.
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.
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
More than 80% of adults say they go online at least several times per day and research indicates that even adults' fully-formed brains can suffer negative consequences from excessive screen time. Dr. Sue Varma breaks down risks, tips to reduce your screen time and why adults are spending more time on screens.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week.
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island will be released to the media with redactions, court records show.
Federal prosecutors in Miami subpoenaed former FBI Director James Comey as part of a probe into Obama-era intelligence officials, two sources familiar with the investigation tell CBS News. Jake Rosen reports.
The failure to protect explicit case evidence in Denise Huskins' kidnapping and sexual assault case is driving reform at the State Capitol. New developments exposed a little-known gap in state law that could expose videos of sexual assault victims.
Several Minnesota families saw justice served on Thursday morning after five young women were killed in a high-speed crash two summers ago in Minneapolis.
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
President Trump is pressuring Senate Republicans to pass his voter ID bill, dubbed the "SAVE America Act." Oriana Gonzalez, reporter for NOTUS, and Julia Manchester, national political reporter for The Hill, join "The Takeout" with more on the issues facing lawmakers.
The Centers for Disease Control and Prevention updated its travel advisory for polio. It now includes 30 locations where the virus was found in the past 13 months. Dr. William Schaffner, professor of medicine at Vanderbilt University Medical Center, joins "The Daily Report" to discuss.
A New York Times investigation published this week examined the claims of several women who say late labor leader Cesar Chavez sexually abused them while they were minors. Manny Fernandez, one of the authors of that article, joins "The Daily Report" to discuss.
Aid groups are warning of a growing humanitarian crisis in the Middle East due to the war with Iran. Matthew Hollingworth, assistant executive director for operations at the World Food Programme, joins "The Takeout" to discuss the situation.
Another attempt to end the partial government shutdown failed on Friday after 35 days at a standstill. CBS News congressional reporter Taurean Small has more.