Interest rate hike
The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.
Federal Reserve
Fed calls inflation "transitory," holds interest rates steady
Signs of economic growth are stoking fears of price hikes, but Fed policymakers say any inflation will be short-lived.
Interest-rate hike?
In a much anticipated speech Friday at the Central Bank's annual Jackson Hole Summit, Federal Reserve Chair Janet Yellen expressed optimism about the U.S. economy. Most experts expect the Central Bank will raise its historic low interest rate before the end of the year. Financial expert Vera Gibbons, senior consumer analyst with GasBuddy.com, joins "CBS This Morning" to discuss the "ambiguity" of a possible interest-rate hike and factors to watch for, including the upcoming August jobs report.
Fed sees economy grow
A new Federal Reserve survey finds modest economic growth in most parts of the U.S.; Amazon says Prime Day was its biggest sales-volume day ever; and Forbes says Dallas Cowboys are worth $4 billion. These headlines and more from CBS MoneyWatch.
Federal Reserve Chair Janet Yellen testifies before a Senate committee on the state of the U.S. economy; nearly 30 percent of Americans lack any emergency savings; and a consumer index says Chick-fil-A is America's favorite fast-food chain
Federal Reserve Chair Janet Yellen testifies before a Senate committee on the state of the U.S. economy; nearly 30 percent of Americans lack any emergency savings; and a consumer index says Chick-fil-A is America's favorite fast-food chain. These headlines and more from CBS MoneyWatch.
As expected, the Federal Reserve made no change to its policy, but in a shift, the central bank lowered its projections of how much it expects to raise short-term interest rates in the coming years
As expected, the Federal Reserve made no change to its policy, but in a shift, the central bank lowered its projections of how much it expects to raise short-term interest rates in the coming years. That's good news for borrowers but bad for savers, who continue to struggle to earn more with their nest eggs. Jill Schlesinger reports.
Chairman of the Federal Reserve, Whistleblower, The Reckoning
Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Then, The government whistleblower who says the Trump administration's coronavirus response has cost lives; And, What will be the long-term effects of the coronavirus pandemic?
Bipartisan meeting set on infrastructure plan
President Biden and Vice President Harris are expected to meet with a small group of bipartisan lawmakers Monday at the White House to discuss the $2.3 trillion infrastructure proposal. Republicans have raised concerns over the size and cost of the package, while some Democrats say it needs to be even bigger. CBS News chief White House correspondent Nancy Cordes joins CBSN AM with the latest.
Fed Chair on money market funds
Jerome Powell said money market funds need to be "resilient enough" to handle future liquidity shocks, and without federal assistance.
Fed Chair Jerome Powell: America is going back to work
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed Chair on federal budget
When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."
Fed Chair on Archegos collapse
The Chairman of the Federal Reserve said the fallout from the collapse of Archegos Capital, its investments included ViacomCBS, was the result of a "risk management breakdown" and the Fed will take a closer look "to make sure it never happens again."
Fed Chair on U.S. digital dollar
Jerome Powell said a potential U.S. digital dollar is being evaluated by the Federal Reserve, and it would require careful consideration before being introduced. When asked if the rise of cryptocurrencies was a motivation, he said they are not "concerning at this point."
Fed discussed how bad it would get
With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.
Jerome Powell: Full 2021 60 Minutes interview transcript
The complete text of Scott Pelley's interview with the Federal Reserve chairman.
Fed Chair Jerome Powell on Archegos collapse
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Jerome Powell: The 2021 60 Minutes Interview
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more. CBS News MoneyWatch's Jill Wagner has today's CBSN business headlines.
A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent
A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent. It was the first raise since 2006. Anthony Mason has more.
For the first time since 2006, the Federal Reserve has raised interest rates by a quarter of a percent
For the first time since 2006, the Federal Reserve has raised interest rates by a quarter of a percent. Absolute Capital Return's Senior Editor Hilary Kramer and Belpointe Asset Management's chief strategist David Nelson broke down what this would mean for the market and for lenders.
The central bank projects a series of increases over the next three years to over three percent in 2018
Global financial markets are bracing for the first Federal Reserve rate hike in nearly a decade. The Fed is expected to lift short-term interest rates to a range of between 0.25 and 0.5 percent. The central bank projects a series of increases over the next three years to over three percent in 2018. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss its impact on the economy.
The Federal Reserve is expected to raise interest rates by a quarter point, the first rate raise in more than nine years
The Federal Reserve is expected to raise interest rates by a quarter point, the first rate raise in more than nine years. CBS News business analyst Jill Schlesinger has details.
Fed chair says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Fed Chair Jerome Powell says economy set to make turnaround
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
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.
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.
FBI: Violent crime plummeted in 2025, murder rate hit 20-year low
The White House is touting a historic drop in violent crime as the FBI releases 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.
Ex-Cambridge professor dies week after resigning amid plagiarism allegations
Jason Arday, who was Cambridge's youngest Black professor, died in London on Friday, the school said.
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.
U.S.
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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
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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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Ex-Cambridge professor dies week after resigning amid plagiarism allegations
Jason Arday, who was Cambridge's youngest Black professor, died in London on Friday, the school said.
Russian tanker leaking oil off Oman coast, threatening environmental disaster
The Caroline Bezengi, linked to Russia's so-called shadow fleet, is carrying millions of gallons of oil and has run aground off the coast of Oman.
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.
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
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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
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Latest CBS News Videos
Oil slick spotted from sunken Russian tanker
An abandoned Russian tanker carrying millions of gallons of oil off the coast of Oman could potentially cause a larger environmental disaster after it was damaged from an unexplained explosion in early June. Satellite images show a growing oil slick in the area. Here's what to know.
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.