What a Fed rate hike of 1% would mean for your money
With inflation at a four-decade high, some economists are predicting the Fed will direct one of the biggest hikes since the 1980s.
Federal Reserve
Fed rate hikes hurting would-be home buyers
The Fed has tried to ease inflation by raising interest rates, but that move is also shutting some would-be home buyers out of the housing market. New York Times Federal Reserve and economy reporter Jeanna Smialek explains how the Fed's actions are putting more pressure on renters.
Euro falls to equal the U.S. dollar
For the first time in 20 years, the U.S. dollar is equal to the euro. Here's why it's happening and what it means for American travelers in Europe.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
Hiring remains strong despite Fed interest rate hikes
U.S. employers added 372,000 jobs, the Labor Department reported Friday, greatly surpassing what economists had expected. Akin Oyedele, investing deputy editor for Business Insider, joins Catherine Herridge to discuss what these numbers could mean.
Inflation causing housing affordability crisis
Rrecord-high inflation is making homelessness worse across the U.S., according to a report from the Washington Post. Rachel Siegel co-authored that article and joins Lana Zak on CBS News to discuss.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Why unemployment will likely rise regardless of a recession
The hottest job market in a generation is slowing down: Here are signs that unemployment is likely to tick up soon.
The Chairman, ACLU, Genetic Revolution
Fed Chair Jerome Powell is asked if the Fed is done raising interest rates and whether or not he thinks President Trump can fire him; then, the ACLU's surprising new political strategy, modeled in part after the NRA; and, could gene therapy cure sickle cell anemia?
6/16: CBS News Mornings
Federal Reserve looking to slow spending amid record inflation; U.S. veterans who fought for Ukraine may have been captured
6/15: CBS News Mornings
Fed likely to announce interest rate hike; Texas lawmaker demands answers on police response.
Mortgage rates rise to nearly 6%
Potential home buyers face an increasingly complex housing market as mortgage rates rise and the average price to purchase an existing home in the U.S. reaches $400,000. George Ratiu, senior economist and manager of economic research at Realtor.com, joined CBS News' Tanya Rivero and Elaine Quijano to discuss.
Jobless claims down from previous week
According to the U.S. Department of Labor, initial jobless claims fell to 229,000 for the week ending June 18th. That's 2,000 fewer than the previous week. CBS News reporter Sarah Ewall-Wice joined Errol Barnett and Anne-Marie Green to discuss what these numbers mean for the U.S. economy and yesterday's congressional testimony on inflation from Federal Reserve Chair Jerome Powell.
Biden proposes gas tax holiday
CBS News' Tanya Rivero and Elaine Quijano sit down with Aaron Weinman, a finance correspondent for Insider, to discuss what is driving the financial markets, the probability of a recession, and President Biden's proposed gas tax holiday.
Fed will keep raising interest rates as long as appropriate
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
MoneyWatch: Janet Yellen on recession fears
The Federal Reserve raised interest rates as all major stock averages ended last week in the negative, but U.S. Treasury Secretary Janet Yellen said a recession is neither "imminent" nor "inevitable." Akane Otani, a reporter at The Wall Street Journal, spoke with "CBS News Mornings" about Yellen's comments amid growing fears about the future of the economy.
Stock market ends volatile week with sharp losses
The U.S. stock market on Friday ended its worst week since March 2020. John Quelch, dean of the University of Miami Herbert Business School, joins CBS News senior investigative correspondent Catherine Herridge to discuss the state of the economy.
Biden pushes back on talk of recession
Economists are predicting a recession is imminent, while President Biden claims a recession is not inevitable. This comes after the Dow Jones lost more than 700 points Thursday. Wall Street Journal reporter Julia-Ambra Verlaine joins "CBS News Mornings" to discuss the latest.
MoneyWatch: Mortgage rates jump to 5.78%
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.
More homebuyers may be priced out of the housing market
The Federal Reserve's biggest interest rate hike since 1994 will push mortgage rates higher, and that means more homebuyers may be priced out of the housing market. Danielle Hale, chief economist of Realtor.com, joined CBS News' Errol Barnett and Elaine Quijano discuss.
Financial expert talks impact of rate hike
The Federal Reserve raised interest rates by 0.75 percentage points Wednesday in an effort to fight inflation. CBS News Chief White House Correspondent Nancy Cordes reports on how the Biden administration is responding to the news, then CBS News Business Analyst Jill Schlesinger breaks down the impacts of this rate hike on the job market and your finances.
How to navigate the latest interest rate hike
The Federal Reserve has announced a 0.75% interest rate hike, the largest single increase since 1994. Gargi Chaudhuri, head of iShares Investment Strategy Americas for BlackRock, joins "CBS News Mornings" with advice for how Americans can use the hike to their benefit.
How the Fed's interest rate hike will impact your wallet
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
How Fed's interest rate hike could impact consumers
The Federal Reserve announced Wednesday it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994. CBS News correspondent Carter Evans reports on the decision. Then, Megan Greene, global chief economist for the Kroll Institute and a senior fellow at the Harvard Kennedy School, joins CBS News to discuss how the increase could affect the consumers.
Biden calls on oil companies to produce more gas
In a letter to several oil companies, President Joe Biden asked them to work with the White House to bring down high gas prices. CBS News correspondent Skyler Henry and CBS News senior White House and political correspondent Ed O'Keefe report.
Luigi Mangione in talks about possible guilty plea with court date today, sources say
Luigi Mangione, accused in the 2024 killing of UnitedHealthcare CEO Brian Thompson, is in discussions about a possible plea deal on federal charges, sources familiar with the matter told CBS News.
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Live
UAE accuses Iran of Hormuz attacks as Vance says cheap gas is "goal number one"
The UAE accuses Iran of attacking two vessels in the Strait of Hormuz as Vance says cheap oil and gas is "goal number one" from the war.
Trump asks Supreme Court to intervene in White House ballroom legal fight
The Trump administration asked the Supreme Court to intervene in the legal battle over President Trump's White House ballroom.
Hawaii under a hurricane warning as Tropical Storm Lala takes aim
Tropical Storm Lala could bring heavy rain, high winds and dangerous surf and rip currents to the Hawaiian Islands as a hurricane this weekend, forecasters say.
Kennedy Center board votes to restore Trump's name on building
The Kennedy Center's board of trustees voted to add President Trump's name to the facade of the performing arts center, more than two months after a judge ordered its removal, according to a Democrat who sits on the center's board.
Flock CEO responds to abuses of its surveillance technology
The CEO of Flock Safety apologized for alleged abuses of its service by law enforcement officers as the company rolled out new changes to how it operates.
American missionary kidnapped in Niger in October is freed, his organization says
An American missionary who was kidnapped in Niger in October has been released, his organization says, adding that Kevin Rideout "is in good health in the care of U.S. officials."
Baby in surrogate dispute now in custody of parents, lawyer says
The baby at the center of a surrogacy dispute was born in Texas Wednesday and has hypoplastic left heart syndrome, a rare heart defect.
U.S.
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Trump asks Supreme Court to intervene in White House ballroom legal fight
The Trump administration asked the Supreme Court to intervene in the legal battle over President Trump's White House ballroom.
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Teen caught on video kicking sea lion pleads guilty, faces prison time
Tyler Muehl, 18, pleaded guilty in federal court after a viral video captured him attacking the sea lion at La Jolla Cove.
American missionary kidnapped in Niger in October is freed, his group says
An American missionary who was kidnapped in Niger in October has been released, his organization says, adding that Kevin Rideout "is in good health in the care of U.S. officials."
Evidence of bird strike on plane where man was nearly sucked out window, NTSB says
A bird strike may have been the cause of an incident in which a passenger was nearly sucked out of a broken window aboard a Ryanair flight in Europe last month, the NTSB found.
MoneyWatch
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AI is driving up consumer prices. That won't stop anytime soon.
Surging AI investment is pushing up the cost of smartphones and other gadgets, according to analysts. Here's why.
Record-breaking heat takes mounting toll on the U.S. economy
Heat waves are dealing a financial blow to businesses and creating hazardous conditions for workers, according to climate experts.
Can taking weight-loss drugs help you get hired? Yes, if you're a woman.
Going on GLP-1 drugs significantly boosted unemployed women's chances of finding a job, according to a Harvard economist.
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.
Politics
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Trump asks Supreme Court to intervene in White House ballroom legal fight
The Trump administration asked the Supreme Court to intervene in the legal battle over President Trump's White House ballroom.
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Live
UAE accuses Iran of Hormuz attacks as Vance says cheap gas is "goal number one"
The UAE accuses Iran of attacking two vessels in the Strait of Hormuz as Vance says cheap oil and gas is "goal number one" from the war.
Kennedy Center board votes to restore Trump's name on building
The Kennedy Center's board of trustees voted to add President Trump's name to the facade of the performing arts center, more than two months after a judge ordered its removal, according to a Democrat who sits on the center's board.
Trump administration's antisemitism lawsuit against Harvard dismissed
The lawsuit was one of many steps against Harvard that the Trump administration has taken since President Trump's return to office, in addition to attempting to cancel billions of dollars in federal funds.
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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Count Binface wins hearts, if not the election, in bid to defeat Trump ally
Count Binface, a satirical candidate who's become a mainstay in recent U.K. elections, achieved his greatest success yet.
Paintings worth $10 million that were stolen in 3-minute heist are recovered
The recovered works are valued at more than $10 million.
Dad of USS Lincoln sailor worries about crew as deployment stretches on
The USS Abraham Lincoln has been at sea for nine months, and sailors have maintained a grueling pace amid the war in Iran.
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Live
UAE accuses Iran of Hormuz attacks as Vance says cheap gas is "goal number one"
The UAE accuses Iran of attacking two vessels in the Strait of Hormuz as Vance says cheap oil and gas is "goal number one" from the war.
Entertainment
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Entertainment
Becky G gives behind-the-scenes look
"CBS Mornings" co-host Gayle King went inside a rehearsal with singer Becky G as she gives fans a sneak peek at a new single before her upcoming album's release.
Recipe: Amish Peanut Butter Pie
Lovina Hershberger Zook, who left the Amish faith, today shares recipes of the Amish with her more than six million followers on social media.
"CBS Sunday Morning" launches new series of live events at the 92nd Street Y in NYC, debuting with Sylvester Stallone
America's #1 Sunday morning news program announces a new collaboration beginning Sept. 28 to bring conversations with the biggest newsmakers in the arts, politics and culture to the stage, and streamed online.
Exclusive
Becky G reflects on advocacy in new music, rise to fame
Becky G spoke exclusively with "CBS Mornings" co-host Gayle King about her rise to fame, being the breadwinner of the family at a young age and her new music.
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.
Technology
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Technology
Flock CEO on misuse concerns
Flock CEO Garrett Langley sat down with CBS News' Anna Schecter and discussed allegations of the technology's misuse by law enforcement.
Schools curb technology use in classroom
As students across the country head back to the classroom, some schools, educators and parents are rethinking how much they utilize technology and screen time. Nicole Valdes has more.
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.
Flock CEO addresses new safety measures
Flock CEO Garrett Langley apologized in an interview with CBS News amid claims the surveillance company's license plate readers have been misused by some police officers. Langley also addressed new safety measures that were recently announced. Anna Schecter reports.
Tim Cook on new U.S. manufacturing plant
Jo Ling Kent spoke exclusively with outgoing Apple CEO Tim Cook about a new manufacturing plant in Houston, what it means for jobs, and what he wants his legacy to be as he prepares to step down as CEO.
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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Paintings worth $10 million that were stolen in 3-minute heist are recovered
The recovered works are valued at more than $10 million.
Flock CEO on misuse concerns
Flock CEO Garrett Langley sat down with CBS News' Anna Schecter and discussed allegations of the technology's misuse by law enforcement.
News expected in Luigi Mangione case
Luigi Mangione may plead guilty as part of an agreement with federal prosecutors, sources tell CBS News. Katrina Kaufman reports.
Teen caught on video kicking sea lion pleads guilty, faces prison time
Tyler Muehl, 18, pleaded guilty in federal court after a viral video captured him attacking the sea lion at La Jolla Cove.
Flock CEO addresses new safety measures
Flock CEO Garrett Langley apologized in an interview with CBS News amid claims the surveillance company's license plate readers have been misused by some police officers. Langley also addressed new safety measures that were recently announced. Anna Schecter reports.
Space
More Space
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.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Vote to add Trump's name to Kennedy Center
The Kennedy Center board members, most of whom were appointed by President Trump, voted on Thursday to add an inscription to the building under the Kennedy Center sign that says the building was "restored and renovated by President Donald J. Trump." The new effort to add the president's name could face legal pushback. Nancy Cordes explains.
GLP-1 drugs may help some women get hired
A study on the use of GLP-1 drugs shows they may be helping some women get ahead in their careers. CBS MoneyWatch reporter Megan Cerullo has more.
Flock CEO on misuse concerns
Flock CEO Garrett Langley sat down with CBS News' Anna Schecter and discussed allegations of the technology's misuse by law enforcement.
Poland on stopped Russian plot to kill
Poland is claiming that it thwarted a Russian plot to kill a Ukrainian-American citizen in Warsaw. "He was inconvenient from the point of view of the Putin regime," Polish Prime Minister Donald Tusk said. CBS News' Ramy Inocencio reports.
News expected in Luigi Mangione case
Luigi Mangione may plead guilty as part of an agreement with federal prosecutors, sources tell CBS News. Katrina Kaufman reports.