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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.
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. CBS News business analyst Jill Schlesinger has details.
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.
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.
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.
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.
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.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
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.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
Caleb Flynn, a former "American Idol" contestant, is charged with killing his wife Ashley Flynn in February and then staging the crime scene.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
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.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Hundreds of small businesses are using the prediction market to hedge against a range of business risks, according to Kalshi. Here's how.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
The Trump administration urged the Supreme Court to revive its policy of deporting some migrants to places other than their country of birth.
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.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
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.
New research highlights common themes shared by people who found reasons to keep living through dark times.
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.
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
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.
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
British leader and soccer fan Andy Burnham told reporters a four-decade ban on alcohol in stadium bleachers at men's games is "discrimination."
Sylvester Stallone said he took a series of odd jobs to make ends meet before the bruised but unbowed Rocky Balboa.
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 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.
"CBS Mornings" shares an exclusive first look at the video for Taylor Swift's new single, "Patient Zero."
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.
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.
Australia says an OpenAI model hacked a government website containing health information. CBS News' Jo Ling Kent 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.
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.
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.
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.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
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.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
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.
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.
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
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.
The man is "accused of being an accessory to multiple murders through his activities there," prosecutors said.
Dr. Idris Evans, a physician and medical director from UPMC Children's Hospital in Pittsburgh, was killed in an overnight stabbing.
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's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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, 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.
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 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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
President Trump honored Chinese President Xi Jinping with a state dinner on Thursday. Xi announced a new gift of giant pandas, on their way to a zoo in Atlanta, part of what Xi called an "envoy of friendship" between the two nations.
Police said a man broke himself out of a hospital, carjacked a woman and led authorities on a wild chase in Miami-Dade County on Thursday. Cristian Benavides reports.
Mississippi authorities worked to expedite toxicology reports for two University of Mississippi students who were found dead on Monday in separate incidents. Investigators said similarly packaged kratom was found at both scenes. Lilia Luciano reports.
Stanford University apologized for what it called a "serious error in judgment," editing a photo of students to alter looks, race and gender. Jonathan Vigliotti reports.