Stocks see biggest gain in 2 years as Fed quashes high-hike fears
Investors cheered after Federal chair Jerome Powell says central bank is "not actively considering" bigger rate hikes.
Federal Reserve
Federal Reserve raises interest rates
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.
How interest rates affect cryptocurrency
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.
Biden speaks ahead of expected Fed rate hike
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 on inflation, Fed meeting
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.
Fed looks to hike interest rates half a point as inflation soars
The Fed raised its rate by .25% in March, which some experts felt was not enough.
Biden taps Michael Barr for Fed's bank regulation position
The president's first choice, Sarah Bloom Raskin, withdrew her nomination due to insufficient support in the Senate.
Federal Reserve raises rates
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.
Stock market reacts to interest rate hike
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.
Federal Reserve announces interest rate hike
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
How the Fed hiking interest rates could affect your wallet
Americans could soon pay more to borrow. One expert says it may be hard to give up the "easy money mentality."
Federal Reserve expected to raise interest rates
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.
MoneyWatch: Fed expected to raise interest rates
The Federal Reserve is set to raise interest rates for the first time since 2018 in a growing effort to combat soaring inflation. Greg Robb, economics editor of MarketWatch, joins "CBS News Mornings" with more on the potential impact.
Sarah Bloom Raskin withdraws nomination to Federal Reserve board
It isn't yet clear who will be nominated in her place.
Fed leaves interest rates unchanged
The Federal Reserve signaled interest rates could increase as soon as March. CBS News' business analyst Jill Schlesinger joins "CBS Mornings" to discuss what that increase could look like and the impact it will have.
Stocks see lowest drop since May
Monday, stocks saw the biggest drop in months due to a Chinese property developer on the brink of bankruptcy. CBS News business analyst Jill Schlesinger explains the impact on the market, what investors should do now and if this will impact the two-day Federal Reserve meeting.
Raskin nomination for Fed endangered by Manchin's opposition
His opposition could doom her confirmation prospects if Raskin can't pick up a Republican vote in the Senate.
3/13: Kuleba, Georgieva, El-Erian
This week on "Face the Nation," we have the latest updates on the war in Ukraine as we hit day 18 of Russia’s invasion. We'll have the latest reporting from Ukraine and hear from its foreign minister, Dmytro Kuleba. Plus, we'll ask White House national security adviser Jake Sullivan what our options are at this critical time.
El-Erian: Fed has "no good policy options"
Mohamed El-Erian, the chief economic adviser for Allianz, says the Federal Reserve can either raise interest rates and risk a recession, or allow inflation to continue to rise.
U.S. adds 678,000 jobs in February
Numbers released Friday show major job growth nationwide as COVID cases fall and states roll back restrictions. According to the Department of Labor, U.S. employers added 678,000 jobs in February, and the unemployment rate fell from 4% to 3.8%. Barclays chief U.S. economist Michael Gapen joined CBS News's Vladimir Duthiers and Anne-Marie Green to discuss the numbers.
Powell supports interest rate hike at March meeting
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
For Black Americans, living longer impacts health and wealth
With the right financial choices, longer life expectancy can help goals like building wealth and passing it on to heirs come true, experts said.
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Inflation hits highest level in 40 years
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
January jobs report better than expected
The January jobs report released Friday surpassed Wall Street projections, with 467,000 jobs added. Mike Pugliese, an economist at Wells Fargo, joins CBS News to break down the employment data and what it means for the U.S. economy.
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Live
Israel and Hezbollah agree to ceasefire, officials say
Israel and Hezbollah have reached a Lebanon ceasefire agreement after their fighting delayed progression of the U.S.-Iran deal, a diplomat tells CBS News.
Exclusive
New book details the moment a GOP lawmaker appeared to lunge at Matt Gaetz
A new book recounts one of the most rambunctious moments on the floor of the House in modern history.
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
Questions swirl after 1-year-old boy fatally shot by police in Mississippi
A police shooting in Senatobia, Mississippi, that left a 1-year-old child dead has ignited simmering tensions between police and Black residents in the small town.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Remnants of Tropical Storm Arthur flood homes and force evacuations in Gulf states
The remnants of Tropical Storm Arthur were battering parts of the southeastern U.S. with heavy rain, sparking flash flooding.
U.S.
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Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
This week on "Sunday Morning" (June 21)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
Questions swirl after 1-year-old boy fatally shot by police in Mississippi
A police shooting in Senatobia, Mississippi, that left a 1-year-old child dead has ignited simmering tensions between police and Black residents in the small town.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
MoneyWatch
More MoneyWatch
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
Financial analyst details building "coffee can portfolio" for kids in new book
Matthew Ankrum wanted to build wealth for his daughters and teach them about financial stability. A new book shares how.
What's open and closed for Juneteenth 2026?
Juneteenth will affect banking, mail service and financial markets, although retailers and restaurants are largely staying open.
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.
Politics
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How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
Exclusive
New book details the moment a GOP lawmaker appeared to lunge at Matt Gaetz
A new book recounts one of the most rambunctious moments on the floor of the House in modern history.
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Cuba approves free-market reforms in effort to stave off economic collapse
Cuban lawmakers Thursday adopted nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a U.S. oil blockade.
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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Climber trapped on Everest for days says avalanche saved him
Dawa Sherpa was airlifted to Kathmandu, where doctors treated him for frostbite, severe dehydration and a fractured thigh bone.
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
Scientists discover parasite that preys on insect-killing "zombie fungus"
Scientists say the "hyperparasite" preys on "zombie fungus" known to infect insects before subjecting them to a gruesome death.
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
Entertainment
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Entertainment
"The War and Treaty" talk new music
Husband and wife duo Michael and Tanya Trotter, known as "The War and Treaty," talk to "CBS Mornings" about their new music, major collaborations, including with Whoopi Goldberg, and how they came up with their band's name.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
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.
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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U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
What's missing from the Epstein files?
A CBS News analysis of the released Epstein files shows what documents appear to be absent. CBS News' Vlad Duthiers has more on the search for answers surrounding the case against convicted sex offender Jeffrey Epstein.
Mangione team no longer pursuing this defense
In a stunning reversal, Luigi Mangione's defense team for his New York state trial has announced it will no longer pursue a psychiatric defense. CBS News legal contributor Caroline Polisi joins with more insight.
Mayor accused of faking her kidnapping in embezzlement scheme
Nancy Napoles denied the accusation and said she was willing to cooperate with authorities to clarify what happened.
Man charged in death of girl after life sentence commuted by Kristi Noem
McKenna Wendel was last seen alive on March 14 and her body was found outside Brookings, an hour's drive north of Sioux Falls, on March 19.
Space
More Space
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
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.
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
Expert on latest Israel-Hezbollah ceasefire
CBS News contributor Aaron MacLean is reacting to the latest Israel-Hezbollah ceasefire news after tensions rose in Lebanon, likely leading to U.S.-Iran talks being postponed.
Israel-Hezbollah ceasefire now in effect
An Israel-Hezbollah ceasefire is now in effect after tensions rose and impacted the U.S.-Iran talks. CBS News' Imtiaz Tyab and Natalie Brand report.
Salty clouds found around "Pink Planet"
Researchers using the Webb Space Telescope discovered salty clouds surrounding a "Pink Plane." CBS News' Kelly O'Grady has more.
Americans celebrate Juneteenth
Americans are celebrating the Juneteenth holiday as the 250th anniversary of the U.S. approaches. Marc H. Morial, the president and CEO of the National Urban League, joins with more insight.
U.S. vs. Australia in FIFA World Cup match
The U.S. will play Australia in the FIFA World Cup on Friday. CBS News' Nicole Valdes has more.