San Francisco Fed president on Delta variant vs. economy
San Francisco Federal Reserve Bank president Mary Daly said the U.S. is still seeing in the economy "the pain of COVID, and the pain of the Delta variant impact the labor market."
Federal Reserve
10/30/19: CBSN Evening News
Powerful winds fuel devastating wildfires; Green Beret awarded Presidential Medal of Honor.
9/18/19: Red and Blue
Trump announces increased sanctions on Iran; Going inside the Washington Monument.
7/31/19: CBSN Evening News
Progressives and moderates face off in Detroit; Family of John Dillinger to exhume his body.
Congress nears short-term deal on debt limit
Senate Minority Leader Mitch McConnell offered a concession to Democrats, saying Republicans would let them raise the debt ceiling. Nancy Cordes has the latest.
U.S. at risk of reaching debt limit
Lawmakers remain deadlocked over raising the debt ceiling, but default could affect millions of Americans and the global economy. Brian Cheung, who reports on Federal Reserve, economics and banking for Yahoo Finance, joins CBSN AM to discuss what could happen if legislation isn't passed.
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.
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.
Israel's Netanyahu addresses U.N. as many leaders walk out
Benjamin Netanyahu focused on Iran, and on defending Israel's actions in Gaza and the West Bank amid condemnation from fellow leaders at the U.N.
Journalists regain access to White House after judge blocks Trump's media ban
Reporters whose White House access was revoked were allowed to enter the complex again, hours after a judge ordered the Trump administration to restore their press credentials.
Live
Trump hosting China's Xi at White House with AI and tariffs on the agenda
President Trump is hosting Chinese President Xi Jinping for meetings and a state dinner on Thursday, as the world's two most powerful countries try to extend a tariff truce and grapple with a rivalry on advanced AI.
Iran war powers measure falls short in Senate, despite new GOP support
The Senate rejected a resolution aimed at limiting President Trump's war powers in Iran, though the Democrat-led effort picked up one new GOP supporter.
Live
Oil prices back up as U.S. and Iran trade threats to expand 7-month war
As Iran responds to Trump's threat of annihilation with its own warning of a possible "new front" in the war, global oil prices are rising again.
Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Netanyahu says "shame on you" to Mamdani, claims "Jews no longer feel safe"
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
Trump administration urges Supreme Court to revive third-country deportation policy
The Trump administration urged the Supreme Court to revive its policy of deporting some migrants to places other than their country of birth.
U.S.
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New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Netanyahu says "shame on you" to Mamdani, claims "Jews no longer feel safe"
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
Why the bond market is freaking out, and what it means for your money
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
Iran war powers measure falls short in Senate, despite new GOP support
The Senate rejected a resolution aimed at limiting President Trump's war powers in Iran, though the Democrat-led effort picked up one new GOP supporter.
Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
MoneyWatch
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New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Why the bond market is freaking out, and what it means for your money
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Small businesses roll the dice on Kalshi to manage their risks
Hundreds of small businesses are using the prediction market to hedge against a range of business risks, according to Kalshi. Here's how.
Politics
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Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Trump administration urges Supreme Court to revive third-country deportation policy
The Trump administration urged the Supreme Court to revive its policy of deporting some migrants to places other than their country of birth.
DOJ says it's moving to end more than 50 decades-old school desegregation cases
The Justice Department said Thursday it was seeking to end more than 50 long-standing consent decrees dating back decades that sought to curb unlawful racial segregation that was prevalent during the Jim Crow era.
Netanyahu says "shame on you" to Mamdani, claims "Jews no longer feel safe"
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
Iran war powers measure falls short in Senate, despite new GOP support
The Senate rejected a resolution aimed at limiting President Trump's war powers in Iran, though the Democrat-led effort picked up one new GOP supporter.
HealthWatch
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Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
World
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Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
U.S. troops help Ecuador arrest dozens linked to ruthless cartel
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
U.K. prime minister teases possible return of booze to soccer matches
British leader and soccer fan Andy Burnham told reporters a four-decade ban on alcohol in stadium bleachers at men's games is "discrimination."
Was Hitler behind niece's death? Documents raise questions about alibi
Newly unearthed records have cast doubt on Adolf Hitler's whereabouts at the time of his niece's suspicious 1931 death, Der Spiegel reported.
Entertainment
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Sylvester Stallone jokes about one of his wildest jobs before fame
Sylvester Stallone said he took a series of odd jobs to make ends meet before the bruised but unbowed Rocky Balboa.
Sylvester Stallone on cleaning lion cages
Sylvester Stallone took on a series of odd jobs to make ends meet before becoming a Hollywood legend. He tells correspondent Tracy Smith about one of his wildest gigs. Watch more of their conversation this weekend on "CBS Sunday Morning."
Kim Kardashian on "Team Moms: Baseball"
Kim Kardashian and the producers of "Love Island" teamed up to create "Team Moms: Baseball," a new reality show exploring the cutthroat world of elite kids' sports. Kim Kardashian and producer Natalie Ento sat down with "Entertainment Tonight" host Nischelle Turner to explain more.
First look at Taylor Swift's "Patient Zero"
"CBS Mornings" shares an exclusive first look at the video for Taylor Swift's new single, "Patient Zero."
Exclusive
Taylor Swift to debut "Patient Zero" music video at VMAs. Watch a preview.
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
Technology
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Technology
Andreessen Horowitz introduces AI school
The Horowitz Andreessen Academy is offering students a college alternative focused on artificial intelligence. CEO Gagan Biyani joins CBS News to discuss the revolutionary idea.
Rogue AI agent hacks government website
Australia says an OpenAI model hacked a government website containing health information. CBS News' Jo Ling Kent reports.
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.
Will Trump and Xi take on AI during visit?
More details on alarming cases involving rogue AI models are emerging as President Trump meets with Chinese President Xi Jinping in Washington, D.C. Meanwhile, calls for regulation are growing louder. CBS News contributor Patrick McGee joins with more.
OpenAI model hacked Australia healthcare site
Australia's Prime Minister Anthony Albanese is fuming after an OpenAI model hacked a government website in June. CBS News' Ramy Inocencio breaks down the details on the historic attack.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
U.S. troops help Ecuador arrest dozens linked to ruthless cartel
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
Police accused of misusing Flock cameras
Concerns are growing over the potential misuse of automated license plate readers. Five police officers in Indianapolis are the latest to face criminal charges for allegedly using Flock cameras to track romantic partners and others.
Accused Nazi POW camp guard, 105, being investigated in Germany
The man is "accused of being an accessory to multiple murders through his activities there," prosecutors said.
Pittsburgh doctor attacked and killed while he slept, wife also stabbed
Dr. Idris Evans, a physician and medical director from UPMC Children's Hospital in Pittsburgh, was killed in an overnight stabbing.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
U.S. government foots bill for pro-Trump ad
A pro-Trump ad denouncing communism that was paid for by the U.S. government has hit the airwaves as the president hosts China's Xi Jinping, a communist, and as a judge blocks Mr. Trump's ban on three news outlets from the White House. CBS News' Weijia Jiang reports. Then, Steve Yates, former deputy national security adviser to Dick Cheney, joins with analysis.
Pastor Ezra Jin free from Chinese persecution
A Christian leader was released from a Chinese prison in July after President Trump pleaded his case with Chinese President Xi Jinping. The Chinese government arrested Ezra Jin in Beijing along with dozens of other religious leaders after church raids. Jin and his daughter, Grace Jin Drexel, join CBS News.
Nolo threatens Hawaii; nor'easter heads East
The U.S. is facing extreme weather across multiple regions, with Hawaii bracing for Tropical Storm Nolo and the East Coast preparing for a nor'easter. CBS News meteorologist Jessica Burch has the latest forecast.
Tillis on China and Iran
GOP Sen. Thom Tillis of North Carolina told "CBS Evening News" anchor Tony Dokoupil that he would like to see President Trump press Chinese President Xi Jinping about supporting Iran through oil purchases and by providing the regime with satellite targeting data. "If we want to build a relationship, a productive relationship with XI Jinping and China, we also have to hold them accountable for things that are just simply unacceptable," Tillis said.