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CBS News' Jill Wagner has today's CBSN business headlines: The Federal Reserve will raise interest rates, Netflix adds subscribers, Obama pushes for high-speed Internet in low-income areas and more.
Outstanding student loans topped $1.2 trillion as of the end of 2014. According to the Federal Reserve Bank of New York, they now represent the fastest-growing category of all consumer debt. How did we get here? Jill Schlesinger reports.
The Federal Reserve looks set to end the massive bond purchases it has used to shore up the U.S. economy since the 2008 financial crisis. CBS MoneyWatch contributor Anthony Mirhaydari analyzes what impact withdrawing that stimulus could have on investors and the broader economy.
After yeats of being produced in China, Lincoln Logs are moving their manufacturing back to the United States. Plus, the Federal Reserve plans to keep interest rates at current levels. Jill Wagner reports on the day's top MoneyWatch headlines.
Investors should expect a bumpy ride amid signs that the Federal Reserve may have to alter its time-table for starting to raise interest rates, says CBS MoneyWatch contributor Anthony Mirhaydari.
Signs of inflation and an improving labor market are expected to hasten when the Federal Reserve starts raising interest rates, explains CBS MoneyWatch contributor Anthony Mirhaydari.
In a policy meeting yesterday, Federal Reserve Chair Janet Yellen said the unemployment rate would drop to 6 percent, which prompted a rally in the markets. Also, Amazon unveils its new smartphone; Jill Wagner reports on the day's top financial stories.
Federal Reserve Chair Janet Yellen will discuss the state of America's economy later today, as GM is grilled by Congress about sweeping vehicle recalls. Jill Wagner has the top financial stories.
European banking authorities plan to cut lending rates and take other action to bolster the region's sagging economy. But is it enough to kick-start growth? CBS MoneyWatch contributor Anthony Mirhaydari explains.
CBS MoneyWatch contributor Anthony Mirhaydari breaks down Federal Reserve Chair Janet Yellen’s congressional testimony on Wednesday regarding the pace of economic growth.
As the Federal Reserve continues scaling back its economic stimulus program, investors are watching for signs that inflation is creeping up. CBS MoneyWatch contributor Anthony Mirhaydari explains.
Federal Reserve Chair Janet Yellen spoke Monday morning, saying stimulus measures are still needed to boost the economy. In a speech in Chicago Yellen also said low interest rates could encourage both borrowing and spending. Jericka Duncan has that story and more MoneyWatch headlines.
You can soon start trading in your used video games at Walmart stores. But there's one catch: You won't get cash -- instead you'll get credit to buy merchandise at Walmart and Sam's Club stores or on the retailer's website.
If you think your job is tough, consider Ben Bernanke's. As Chairman of the Federal Reserve, the task of reviving the U.S. economy falls largely on his shoulders. Scott Pelley has the interview.
President Biden is facing opposition from Republicans to his $1.9 trillion COVID-19 relief bill. One big question: How would the nation pay for it? Professor Jeffrey Sachs, director of Columbia University's Center for Sustainable Development, joins CBSN's Lana Zak to discuss what it would mean for the economy in the long run.
Policymakers say how quickly the economy rebounds hinges on the course of the pandemic and pace of vaccinations.
Lawmakers are expected to approve a $900 billion coronavirus relief bill by the end of the day. It will include $600 stimulus checks for many Americans and enhanced unemployment benefits. Heather Long of the Washington Post joined CBSN to explain why many experts don't think that'll be enough to stave off an economic slide in the long run.
Congress has until the end of the weekend to agree on a deal to fund the government. On Friday, lawmakers on Capitol Hill passed a two-day extension for funding, preventing a government shutdown. The added time buys Congress additional time to negotiate terms on a coronavirus relief package. Washington Post political reporter and anchor of the Power Up newsletter, Jacqueline Alemany, joins CBSN with the latest.
Shelton's nomination was stalled on a procedural vote, with Vice President-elect Kamala Harris casting a key vote.
Another round of relief is needed to help contain the coronavirus and boost people's savings.
Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, October 11, 2020, on "Face the Nation."
Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit.
Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
The newly-released transcripts of 14 emergency meetings in 2008 show a Federal Reserve trying to keep up with a developing crisis it did not fully comprehend. Anthony Mason reports.
Federal agents in Minneapolis shot and killed a 37-year-old man in south Minneapolis Saturday morning.
As millions of Americans hunker down for the winter storm, 18 states and Washington, D.C., have declared states of emergency.
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
The 37-year-old man killed by a federal officer in Minneapolis is identified by his family as Alex Jeffrey Pretti, an intensive care nurse who was "very upset with what was happening," AP reported.
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection. Here's what we know so far.
More than 200 million people are under winter storm threats as officials brace for power outages and travel difficulties.
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
The talks are the first known instance that officials from the Trump administration have sat down with Russia and Ukraine.
A winter storm is forecast to dump up to 24 inches of snow in some places this weekend, and many are wondering: How much snow are we actually getting?
The 37-year-old man killed by a federal officer in Minneapolis is identified by his family as Alex Jeffrey Pretti, an intensive care nurse who was "very upset with what was happening," AP reported.
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection. Here's what we know so far.
More than 200 million people are under winter storm threats as officials brace for power outages and travel difficulties.
As millions of Americans hunker down for the winter storm, 18 states and Washington, D.C., have declared states of emergency.
UFC 324 features a stacked fight card. Here's the schedule, time and information on where to watch the UFC event.
Only one in four Americans has a credit score above 800, which is considered exceptional, according to industry data.
Facing pressure from President Trump, credit card issuers are exploring ways to ease borrowing costs.
Federal safety regulators warn that home heating equipment can spark fires or emit carbon monoxide. Here's what to know.
Cold weather can reduce the efficiency of electric vehicles, shortening their driving range. These tips can help.
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
Jeffrey Epstein's lawyer, accountant and billionaire benefactor were issued subpoenas to testify before the committee in February and March.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
Cassandra King was thrilled to be pregnant after years of fertility struggles and multiple miscarriages. Then a sudden cardiac event threatened everything.
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
The talks are the first known instance that officials from the Trump administration have sat down with Russia and Ukraine.
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
The Sydney shark attack that killed Nico Antic was one of four recorded in the span of two days.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Beat Me To It."
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Brown Eyed Baby."
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Lose You Now."
Madison Beer says music has always been her escape since she started writing songs at just 6 years old. But the 26-year-old has had to navigate ups and downs in her journey to stardom. Anthony Mason reports.
"Sinners" set an all-time record for the most Oscar nominations with 16, including for best picture. Not far behind is "One Battle After Another" with 13 nominations. Meanwhile, "Wicked: For Good" received zero nominations, even in categories where the first "Wicked" movie won just last year.
Microsoft services were down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
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.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
Drew Evans, the superintendent of the Minnesota Bureau of Criminal Prevention, spoke after federal agents killed a Minneapolis man on Saturday. Evans said federal investigators blocked his agency's access to the shooting scene.
Trump administration officials are denying accounts from witnesses who say they saw what occurred during a Minnesota ICE raid where a 5-year-old boy and his father were detained.
At a pretrial hearing on Friday, a judge set the date for jury selection in the case of Luigi Mangione, who is accused of killing UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was in the courtroom and has the details.
CBS News has obtained video of the moment FBI agents escorted former Olympic snowboarder and accused drug kingpin Ryan Wedding off a plane in California. CBS News' Anna Schecter has the details.
Five-year-old Liam Ramos is now being held at an ICE detention facility in Texas, CBS News' Camilo Montoya-Galvez reports. Here's what we know about the case.
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
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.
Homeland Security Secretary Kristi Noem spoke Saturday after federal agents shot and killed a Minneapolis man. See her remarks.
Drew Evans, the superintendent of the Minnesota Bureau of Criminal Prevention, spoke after federal agents killed a Minneapolis man on Saturday. Evans said federal investigators blocked his agency's access to the shooting scene.
The man who was shot and killed by federal agents in Minneapolis on Saturday has been identified as Alex Pretti, a 37-year-old ICU nurse.
A Minneapolis man told CBS News Minnesota's Frankie McLister that he couldn't believe federal agents shot and killed a 37-year-old man "in cold blood." "Today this could've just as easily been me that got shot," he said.
Minnesota Gov. Tim Walz said he told the Trump administration the "federal government cannot be trusted to lead this investigation" and that "the state will handle" the probe.