Dallas Fed chief to step down following trading disclosure
The heads of two regional Fed banks are resigning after watchdogs raised questions about their stock trading.
Federal Reserve
Fed ready to start reeling in stimulus as U.S. economy heals
Economic recovery remains on course despite surge in COVID-19 cases, according to U.S. central bank.
Stocks plummet over Chinese real estate woes
Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending stimulus measures it enacted during the pandemic.
Progressives call on Biden to replace Powell as Federal Reserve chair
They say he hasn't done enough to address the effects of climate change on the financial system and has weakened regulations.
Powell: Fed on track to slow aid for economy later this year
Federal Reserve chair downplays inflation and COVID-19 risks, saying the U.S. economic recovery remains on track.
July inflation index beats economists' projections
The markets are reacting positively to data from the Labor Department. It shows a slightly slower year-over-year inflation rate than economists had feared. Overall, prices are up 5.4% compared to July of last year. CBS News reporter Sarah Ewall-Wice has more on what the July Consumer Price Index means for the state of the U.S. economy.
Kashkari says Delta variant could become a "drag on our economic recovery"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the spread of the Delta variant is "creating a lot of caution" that could threaten the recovery of the labor market.
Report: Rising rents could impact inflation
The cost of rent in several U.S. cities is rising as the economy recovers from the coronavirus pandemic. A New York Times report explains how those spikes could have a direct impact on the nation's inflation outlook, keeping prices elevated through the end of 2021. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBSN's Lana Zak to explain.
U.S. accuses China of global cybercrime spree
The Biden administration is blaming China for widespread cybercrime, including a Microsoft hack that affected tens of thousands of private and public entities earlier this year. The Chinese embassy is calling these accusations a "malicious smear." CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Elaine Quijano to discuss these new claims, and the latest developments at the White House.
Families set to receive child tax credit payments
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
Dow has worst week since October on prospect of interest-rate hikes
Top Fed official says first rate increase could come as soon as next year, a year earlier than previous estimate.
U.S. economy adds 559,000 jobs in May
The Labor Department revealed the U.S. added 559,000 new jobs in May, nearly twice as many as April though lower than analysts' expectations. The nation's unemployment rate fell to 5.8%, its lowest point since the start of the pandemic. Michelle Meyer, head U.S. economist for Bank of America securities, joined CBSN to discuss the state of the economy.
How to navigate a zigzagging stock market
May has been a volatile month for the U.S. stock market amid concerns over inflation and how the Federal Reserve might respond. CBS News business analyst Jill Schlesinger joins CBSN to discuss how to navigate the stock market.
Fed raises interest rates
The Federal Reserve raised interest rates as expected Wednesday. And a separate economic report from the National Association of Realtors showed housing sales rose in February, even as inventory remains low. Jack Kramer, co-CEO of MarketSnacks, joins CBSN to discuss what this means for the economy.
Kashkari says economy still "in a deep hole"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the state of the U.S. labor market shows the economy is still "in a deep hole."
Fed raises rates
The Federal Reserve raised interest rates Wednesday for the third time this year. SVP and chief financial analyst for Bankrate.com Greg McBride joins CBSN to discuss what the rate hikes mean for consumers.
Fed raises key interest rate
Outgoing Federal Reserve Chair Janet Yellen announced Wednesday that the Federal Reserve is raising the benchmark interest rate. The Dow surged in the wake of the news. Watch her remarks.
Trump names Fed chair
President Trump announced Thursday that Jerome Powell will be Janet Yellen's replacement as chairman of the Federal Reserve. Powell will take over the position in February. See Trump and Powell's full remarks from the White House.
Who will Trump pick for Fed?
President Trump says he is "thinking about" keeping Janet Yellen on as chair of the Federal Reserve board. Trump made the remarks in an interview with FOX Business Network's Lou Dobbs.
Yellen: Federal spending could drive a rise in interest rates
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
Latest MoneyWatch headlines
Fed to decide interest rates Wednesday, Time Inc. cuts 300 jobs, and tech stocks rebound. These headlines and more from CBS MoneyWatch
Latest MoneyWatch headlines
The Fed begins a two-day meeting to decide interest rates, and tech stocks under pressure as growth concerns rise. These headlines and more from CBS MoneyWatch.
Latest Moneywatch headlines
Fed downplays Q1 weakness; Japan wants smaller Pacific trade pact; and American Airlines plans to cut legroom. These headlines and more from CBS MoneyWatch.
Ben Bernanke interview
Former Federal Reserve chairman Ben Bernanke joins CBSN to discuss the government spending bill and President Trump's challenges with economic growth.
Fed Hikes Interest Rates
The Federal Reserve raised interest rates, which could affect mortgage rates and credit card payments. Yahoo finance markets reporter Myles Udland joins CBSN to discuss.
Luigi Mangione pleads guilty in federal case, admits shooting Brian Thompson
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
Live
Trump says U.S. warship's 9-month deployment "not nearly long enough"
The USS Abraham Lincoln has been deployed for almost nine months and is expected to be replaced in the Middle East.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
How double jeopardy could come into play after Mangione guilty plea
Luigi Mangione pleaded guilty to two federal counts on Friday. His state trial is currently scheduled to begin on Sept. 8.
Violent crime plummeted in U.S. last year, White House official says
The White House is touting a historic drop in violent crime as the FBI prepares to release the latest data from its annual Uniform Crime Reporting Program.
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.
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.
Feds charge woman for allegedly vandalizing World War II Memorial in D.C.
The top federal prosecutor in Washington, D.C., said a woman has been arrested and faces two felony charges related to vandalism of the World War II Memorial.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
U.S.
More U.S.
Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
How double jeopardy could come into play after Mangione guilty plea
Luigi Mangione pleaded guilty to two federal counts on Friday. His state trial is currently scheduled to begin on Sept. 8.
MoneyWatch
More MoneyWatch
Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
See how much renters pay for a 2-bedroom home in 50 U.S. cities
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
Politics
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First on CBS
Inside "the Pool": Fugitive arrested in alleged cross-border car trade scheme
Along the Texas-Mexico border, prosecutors say a group of businessmen found a way to monopolize the trade of used cars — a scheme called "the Pool." This week, authorities say they caught one alleged member.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Feds charge woman for allegedly vandalizing World War II Memorial in D.C.
The top federal prosecutor in Washington, D.C., said a woman has been arrested and faces two felony charges related to vandalism of the World War II Memorial.
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.
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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Golfer Jessica Bang, 18, dies while preparing for tournament in Thailand
Jessica Bang collapsed on Aug. 1 as she was preparing in Thailand for a tournament and was transported to a hospital in Bangkok.
Warship that sank in 1908 found off U.K.: "Undisturbed for 118 years"
The Royal Navy and shipwreck hunters have been searching in vain for the remains of HMS Tiger for over a century.
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
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.
Entertainment
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Entertainment
"Paw Patrol" cast previews movie
Natalie Morales speaks to some of the stars behind the new film, "Paw Patrol: The Dino Movie." They explain what they love about the franchise and what they hope the audience takes away from the movie.
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.
Technology
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French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Using AI in your romantic relationships
AI is making its way into people's love lives - some say it has helped to improve their conversations while others have used it to end a relationship. Dr. Sue Varma discusses how to use AI properly, set boundaries and identify warning signs of becoming too emotionally dependent.
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 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.
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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Crime
What Luigi Mangione said as he pleaded guilty
Luigi Mangione on Friday entered a guilty plea in his federal case, admitting he shot and killed UnitedHealthcare CEO Brian Thompson outside a Midtown Manhattan hotel in 2024. CBS News' Katrina Kaufman and Jessica Levinson have more.
How double jeopardy could come into play after Mangione guilty plea
Luigi Mangione pleaded guilty to two federal counts on Friday. His state trial is currently scheduled to begin on Sept. 8.
Brian Thompson's family on Mangione plea news
The family of slain UnitedHealthcare CEO Brian Thompson is reacting to news that his alleged killer, Luigi Mangione, plans to plead guilty in the federal case against him. CBS News legal contributor Jessica Levinson has more.
Treating Lindsay Clancy
The focus in the Lindsay Clancy trial shifts to her mental health treatment as jurors hear testimony from her psychiatric providers, friends, and family. "48 Hours" correspondent Erin Moriarty and CBS News correspondent Shanelle Kaul break down the emotional moments in court, the competing narratives emerging at the center of the case, and the lasting questions surrounding maternal mental health.
Officials react to Luigi Mangione plea plan
United States Attorney Jamie McDonald and New York City Police Commissioner Jessica Tisch spoke to reporters after a court hearing where Luigi Mangione pleaded guilty in the federal case against him for the death of UnitedHealthcare CEO Brian Thompson. Katrina Kaufman and Tom Hanson have more.
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
More Latest CBS News Videos
Latest CBS News Videos
Where the Texas surrogacy dispute stands
The legal fight over who has parental rights to a baby in the middle of a surrogacy dispute is playing out in Texas. Rachel Rebouché, professor of law at the University of Texas School of Law, joins CBS News to discuss.
Marine vet on USS Lincoln's record deployment
Jonathan Simkins, editor-in-chief of the Military Times and a Marine Corps veteran, joins CBS News 24/7 to share his thoughts on the reports of poor conditions on the ship and the crew's record-setting deployment.
Watch: Trump on USS Lincoln deployment
President Trump responded Friday to a question about the USS Abraham Lincoln, denying reports of bad conditions and saying the ship's deployment hasn't been "nearly long enough."
Scenes of hope in the aftermath of Colombia earthquake
A deadly 7.4 magnitude earthquake rocked Colombia, destroying homes and devastating communities. Watch rescuers pull survivors from the wreckage, bringing moments of hope as the country recovers from the disaster.
Missionary org: Kidnapped American released
Kevin Rideout, an American missionary who was kidnapped in the West African nation of Niger in October, has been released, President Trump and Rideout's organization said Friday. CBS News' Aaron Navarro has more.