Fed chair says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Watch CBS News
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Investors await a meeting of the Federal Reserve, gas prices drop, a rare disease threatens the world's banana crop and more. CBS News Moneywatch's Jill Wagner has today's CBSN business headlines.
Powell called global vaccination efforts "not only the right thing to do, it's also the smart thing to do."
CBS News MoneyWatch's Jill Wagner has the top business news from the New York Stock Exchange, including Walmart's hiring spree, the Fed's interest rate decision, and the Obama administration's new trade regulations.
Stocks plunged as investors wait to see if the Federal Reserve will raise interest rates later this month. Also, Toyota is joining forces with Stanford University and MIT to try to phase out human drivers. Hena Daniels reports on the day's top MoneyWatch headlines.
The Dow saw its worst week since 2011 amid worries about China, cheap oil and slowing U.S. economic growth.
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.
Two days of talks in Washington between Lebanon and Israel produced an extension of the current ceasefire by 45 days.
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.
Officials first announced the outbreak on Friday, with 65 deaths and 246 suspected cases.
Izz al-Din al-Haddad was killed in a "precise strike in the area on the City of Gaza," the Israel Defense Forces said Saturday.
The remains of the 4 Italians are believed to be deep inside an underwater cave.
Louisianans are voting Saturday in the state's Senate primaries as Sen. Bill Cassidy fights to hold onto his seat, facing a Trump-backed primary challenger.
President Trump told reporters he made "no commitment either way" to China's Xi Jinping regarding U.S. weapons sales to Taiwan.
An Iraqi national allegedly plotted to carry out terror attacks in the U.S., including at a prominent synagogue in New York, prosecutors said Friday.
No injuries have been reported because of the issue, the Food and Drug Administration said.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
David White retired as the longtime principal at the Burgess-Peterson Academy in Atlanta, and then returned to the school as its handyman.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
No injuries have been reported because of the issue, the Food and Drug Administration said.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
College grads outearn people without a degree within 15 years, even after paying for tuition, study finds.
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.
Louisianans are voting Saturday in the state's Senate primaries as Sen. Bill Cassidy fights to hold onto his seat, facing a Trump-backed primary challenger.
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
The Supreme Court on Friday rejected a bid by Virginia Democrats to revive its new voter-approved congressional map that was drawn to advantage the party for the upcoming midterm elections.
Genomic analysis showed the virus found aboard the MV Hondius shows no evidence of new characteristics so far.
Officials first announced the outbreak on Friday, with 65 deaths and 246 suspected cases.
Tommy Bell thought he was in good shape. But a series of heart attacks painted a more complicated picture.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
Officials first announced the outbreak on Friday, with 65 deaths and 246 suspected cases.
Wes Streeting is one of several challengers who could try to unseat the U.K. prime minister.
Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.
Izz al-Din al-Haddad was killed in a "precise strike in the area on the City of Gaza," the Israel Defense Forces said Saturday.
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
The "Survivor" season 50 finale premieres on Wednesday, and "CBS Saturday Morning" meets Sarah Polakiewicz, a "Survivor" superfan in Atlanta who built her own community around the show.
Kelly Reilly, Cole Hauser, and Finn Little of "Dutton Ranch" sit down with "CBS Saturday Morning" to discuss their characters' transitions from Montana to Texas, and more on the new "Yellowstone" spinoff.
Five-time Grammy winner and blues legend Taj Mahal is best known for hits like "Corinna" and "Statesboro Blues," and has collaborated with The Rolling Stones and Eric Clapton during his career that spans six decades. His latest album, "Time," was recorded with his long-time bandmates "The Phantom Blues Band." Here's Taj Mahal performing "Time."
Five-time Grammy winner and blues legend Taj Mahal is best known for hits like "Corinna" and "Statesboro Blues," and has collaborated with The Rolling Stones and Eric Clapton during his career that spans six decades. His latest album, "Time," was recorded with his long-time bandmates "The Phantom Blues Band." Here's Taj Mahal performing "Queen Bee."
Five-time Grammy winner and blues legend Taj Mahal is best known for hits like "Corinna" and "Statesboro Blues," and has collaborated with The Rolling Stones and Eric Clapton during his career that spans six decades. His latest album, "Time," was recorded with his long-time bandmates "The Phantom Blues Band." Here's Taj Mahal performing "Wild About My Lovin'."
Atlanta residents say they're waking up to traffic jams of self-driving Waymo vehicles confused by neighborhood signage.
Atlanta residents woke up to Waymo traffic jams on Friday. The driverless cars took over a quiet cul-de-sac. Skyler Henry has more details.
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.
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
President Trump's visit to Beijing comes as the U.S. and China compete for artificial intelligence supremacy. Matt Sheehan, senior fellow at the Carnegie Endowment for International Peace, joins with analysis.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national, is facing federal charges for his alleged terror plots targeting Jewish institutions around the U.S.
A terror plot targeting Jewish institutions in New York, California and Arizona has been foiled, and a man linked to the alleged scheme is under arrest on Friday. Prosecutors say the Iraqi suspect is tied to other global attacks and claim he wanted payback for the U.S. and Israeli war on Iran. Tom Hanson reports.
An Iraqi national was arrested and charged with planning to carry out several terror attacks in the U.S., including at a New York City synagogue and other prominent Jewish centers in Los Angeles and Scottsdale, Arizona. CBS News' Anna Schecter reports.
Federal prosecutors charged an Iraqi national on Friday with planning several terrorist attacks in the U.S. as retribution for the Iran war. CBS News' Anna Schecter has the latest.
Mohammad Baqer Saad Dawood Al-Saadi is facing federal charges for allegedly plotting several terror attacks in the U.S., including targeting a Jewish institution in New York. CBS News' Anna Schecter and Jake Rosen report.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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.
Chef and restaurateur Scott Conant goes back to his culinary roots with home-cooked Italian food in his family home.
The "Survivor" season 50 finale premieres on Wednesday, and "CBS Saturday Morning" meets Sarah Polakiewicz, a "Survivor" superfan in Atlanta who built her own community around the show.
Kelly Reilly, Cole Hauser, and Finn Little of "Dutton Ranch" sit down with "CBS Saturday Morning" to discuss their characters' transitions from Montana to Texas, and more on the new "Yellowstone" spinoff.
Patrick McGee, who wrote "Apple in China: The Capture of the World's Greatest Company," joins "CBS Saturday Morning" to break down President Trump's summit with Xi Jinping.
Fully automated manufacturing plants in China, or "dark factories," could overhaul modern manufacturing and eliminate the need for human workers.