Stock market comeback gains steam
Greg Swenson, a founding partner of the merchant banking firm Brigg Macadam, joins CBS News' Jim Axelrod to discuss the latest stock market updates.
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Greg Swenson, a founding partner of the merchant banking firm Brigg Macadam, joins CBS News' Jim Axelrod to discuss the latest stock market updates.
"The Federal Reserve plays a primary role in fighting inflation," President Biden said in his statement on Powell's confirmation.
With the Federal Reserve introducing the steepest interest rate increase since 2000, prospective home owners are struggling to adjust. U.S. housing prices are up nearly 40% since March 2019, forcing many Americans out of their communities. Mark Strassmann has more.
The U.S. economy remains strong despite rising inflation. But not everyone is feeling the economic boom. Carter Evans reports.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the dramatic stock market drop following the Federal Reserve raising interest rates to combat high inflation. She explains investors' reactions and what this means.
Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
The Federal Reserve announced its biggest interest rate increase in over 20 years. The 0.5% increase is in response to high levels of inflation in America. Ajay Rajadhyaksha, Global Chairman of Research at Barclays, joins "CBS News Mornings" to discuss the impact it will have on Americans and the motivations behind the Fed's move.
Federal Reserve raising interest rates; Hawaii lawmakers pass bill to raise minimum wage
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserve raising interest rates to combat high inflation. She explains when prices may finally drop and what this means.
Higher interest rates mean higher mortgage payments for homeowners nationwide. As the Federal Reserve seeks to curb a booming housing market, Mark Strassmann travels to Nashville, Tenn.
The stock market rallied on Wednesday after the Federal Reserve's announcement that it would raise interest rates by half a percentage point. Chief financial analyst at Bankrate.com Greg McBride joins CBS News' Tanya Rivero and Mola Lenghi with more.
Investors cheered after Federal chair Jerome Powell says central bank is "not actively considering" bigger rate hikes.
The Federal Reserve has raised interest rates by half a percentage point. Megan Greene, global chief economist for the Kroll Institute, joined CBS News' Tanya Rivero and Mola Lenghi to discuss the Fed's decision.
There are concerns the price of cryptocurrencies and other digital assets could tank when the Federal Reserve announces hikes to interest rates to offset inflation. Paul Vigna, a reporter with The Wall Street Journal, spoke with CBS News anchors Tanya Rivero and Mola Lenghi about the impact on crypto markets.
President Biden addressed the state of the economy and more in remarks ahead of what's expected to be the Federal Reserve's largest interest rate hike in more than two decades. CBS News correspondent Christina Ruffini joined CBS News' Tanya Rivero and Mola Lenghi to discuss.
Bank of America CEO and Chairman Brian Moynihan joins "CBS Mornings" to discuss possible Federal Reserve steps to reduce inflation and whether he thinks America is headed for a recession.
The Fed raised its rate by .25% in March, which some experts felt was not enough.
The president's first choice, Sarah Bloom Raskin, withdrew her nomination due to insufficient support in the Senate.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to share what this increase in interest rates means for credit cards, auto loans and more.
The Federal Reserve announced it will raise interest rates by a quarter percentage point to fight soaring gas prices and inflation. Trading expert Joe Saluzzi joined CBS News' Anne-Marie Green and Vladimir Duthiers to discuss how the stock market is reacting and what this means for our bank accounts.
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
Americans could soon pay more to borrow. One expert says it may be hard to give up the "easy money mentality."
The Federal Reserve is expected to raise interest rates by a quarter point on Wednesday amid soaring inflation rates. Joe Glauber, a senior research fellow for the International Food Policy Research Institute, joins CBS News' Lana Zak and Enrique Acevado to discuss the Fed's plan and how it could affect rising food prices and related food insecurity.
A group of moderate Republicans signed a petition to force a House vote on extending health care tax credits for three years, a major blow to Speaker Mike Johnson.
Nick Reiner appeared in court on Wednesday on two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
The Treasury Department has imposed sanctions on a violent Mexican fuel-theft cartel and its imprisoned leader, amid the Trump administration's crackdown on cartels backing operations through stolen oil and gas.
Ahmed al Ahmed, the Syrian-Australian father who wrestled a shotgun from one of the gunmen attacking a Jewish gathering, is facing a long road to recovery.
Two members of the Iowa National Guard were killed in Syria on Saturday — Sgt. Edgar Brian Torres-Tovar and Sgt. William Nathaniel Howard.
Nuno Loureiro, a 47-year-old physicist and fusion scientist, was shot Monday night at his home in Brookline, Massachusetts.
Treasury Secretary Scott Bessent also said Ray Dalio, the founder of the hedge fund Bridgewater Associates, will donate to the Trump accounts initiative.
In several zoomed-in videos police say were captured on the East Side of Providence approximately two hours before the shooting, the person of interest is seen walking on a sidewalk and looking around.
The Justice Department is suing more than a dozen landlords on allegations of sexual harassment, a problem one top department official called "traumatic for the victims" and "inappropriate and illegal."
The Senate approved a $900 billion defense policy bill known as the National Defense Authorization Act, sending it to the president's desk for his signature.
Two members of the Iowa National Guard were killed in Syria on Saturday — Sgt. Edgar Brian Torres-Tovar and Sgt. William Nathaniel Howard.
Americans lose hundreds of millions of dollars each year in travel-related fraud, according to the Joint Economic Committee. Here's how to avoid getting burned.
Former special counsel Jack Smith defended his prosecutions of President Trump in a closed-door deposition with lawmakers on Capitol Hill on Wednesday.
Nick Reiner appeared in court on Wednesday on two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
Americans lose hundreds of millions of dollars each year in travel-related fraud, according to the Joint Economic Committee. Here's how to avoid getting burned.
Treasury Secretary Scott Bessent also said Ray Dalio, the founder of the hedge fund Bridgewater Associates, will donate to the Trump accounts initiative.
Scammers pretending to be Walmart employees are preying on consumers, according to the FCC. Here's what to watch out for.
Warner Bros. Discovery's board told its shareholders that Paramount Skydance's offer "provides inadequate value" for the business.
The proposed $85 billion merger of Union Pacific and Norfolk Southern railroads, which would create the first U.S. transcontinental railroad, has lost the support of two major unions.
The Senate approved a $900 billion defense policy bill known as the National Defense Authorization Act, sending it to the president's desk for his signature.
Two members of the Iowa National Guard were killed in Syria on Saturday — Sgt. Edgar Brian Torres-Tovar and Sgt. William Nathaniel Howard.
Former special counsel Jack Smith defended his prosecutions of President Trump in a closed-door deposition with lawmakers on Capitol Hill on Wednesday.
Treasury Secretary Scott Bessent also said Ray Dalio, the founder of the hedge fund Bridgewater Associates, will donate to the Trump accounts initiative.
The Justice Department is suing more than a dozen landlords on allegations of sexual harassment, a problem one top department official called "traumatic for the victims" and "inappropriate and illegal."
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
After Bondi Beach attack, Britain's two biggest police forces indicate they will arrest people who use "phrases causing fear in Jewish communities."
Temperatures in the Arctic continue to follow a long-term warming trend, according to the National Oceanic and Atmospheric Administration.
The suspect in the Bondi Beach terror attack is charged in a hospital after waking from a coma, as Sydney's Jewish community mourns "our 7th of October."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Ahmed al Ahmed, the Syrian-Australian father who wrestled a shotgun from one of the gunmen attacking a Jewish gathering, is facing a long road to recovery.
Sylvester Stallone reflects on his iconic roles as Rocky Balboa and John Rambo, his rough upbringing, and the legacy he hopes to leave in a touching "CBS Mornings" interview.
Nick Reiner appeared in court on Wednesday on two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
Jack Black and Paul Rudd team up in the new comedy "Anaconda," portraying best friends who set out to remake the 1997 cult classic of the same name. The duo tell "CBS Mornings" what it was like collaborating on the project and reveal how much of their performance was improvised.
Sylvester Stallone, a 2025 Kennedy Center Honoree, speaks to "CBS Mornings" about his childhood, challenges he's faced and creating some of his iconic films. He also reveals what he wants his legacy to be.
The Hollywood Reporter's Steven Zeitchik wrote an article detailing a dinner he had with Rob, Michele, Nick and his sister Romy Reiner at the Toronto International Film Festival 10 years ago. Zeitchik says, in hindsight, the conversations he had with them sheds light on a "dark dynamic" within the family. Zeitchik joined CBS News to discuss.
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
A frenzy of development to support the artificial intelligence boom is prompting pushback from communities who say they don't want data centers in their backyards. Technology journalist Jacob Ward joins CBS News to discuss.
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.
Global internet traffic rose 19% this year as people rely more on tech for daily communication and entertainment, a new report finds.
Dr. Jared Cooney Horvath, a neuroscientist and director at LME Global, joins "CBS News 24/7 Mornings" to discuss his new book "The Digital Delusion," where he examines the impact of increased reliance on computers in classrooms. Horvath also talks about his recent article in The Free Press, a Paramount publication.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
The Justice Department is investigating more than a dozen cases of landlords accused of sexually harassing their tenants. CBS News' Scott MacFarlane has more details.
Nick Reiner is set to be arraigned on murder charges for allegedly killing his parents, Rob Reiner and Michele Singer Reiner. CBS News' Adam Yamaguchi has the latest.
Nick Reiner appeared in court on Wednesday on two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
A New York Times report on the human use of a veterinary sedative called medetomidine depicts an alarming trend around the U.S. Jan Hoffman, a health reporter at The New York Times, joins CBS News with more.
Nuno Loureiro, a 47-year-old physicist and fusion scientist, was shot Monday night at his home in Brookline, Massachusetts.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
President Trump announced a blockade of all sanctioned oil tankers leaving or entering Venezuela. CBS News' Olivia Rinaldi and Charlie D'Agata have more details.
The Justice Department is investigating more than a dozen cases of landlords accused of sexually harassing their tenants. CBS News' Scott MacFarlane has more details.
President Trump announced on Tuesday via social media an order to blockade all sanctioned oil tankers entering or leaving Venezuela. CBS News' Natalie Brand reports, and Robert B. Murrett, deputy director of the Syracuse University Institute for Security Policy and Law, joins with more insight.
Former special counsel Jack Smith is testifying behind closed doors on Wednesday over his investigations into President Trump. CBS News Justice Department reporter Jake Rosen has more details.
Four Republicans signed a discharge petition to force a vote on extending Affordable Care Act tax credits. CBS News' Caitlin Huey-Burns has the latest from Capitol Hill.