As the Fed's Yellen era ends, what comes next?
Steadily, but slowly, rising rates are most likely as the Fed embarks on a similarly cautious path under Jerome Powell
Federal Reserve
Why Trumpism is a threat to the U.S. dollar
The president loves to boast about stock market records, but he fails to mention the greenback's ominous slide
Senate approves Jerome Powell as next Fed chairman
Fed board governor is slated to replace Janet Yellen when her term as the central bank's chief expires in February
Fed: Economy is solid, but wage growth is "modest"
Although economic activity is off to a good start this year, workers have yet to see a major hike in pay
3 big questions for investors in 2018
Despite a rousing New Year rally, here's a trio of issues that could alter the stock market's current dynamics
Dow 25,000 masks underlying market risks
Despite the latest milestone crossings for U.S. stocks, an unwanted -- and perhaps unexpected -- guest is lurking
5 reasons to tread carefully in cryptocurrencies
Speculation in bitcoin and its ilk has regulators raising a swarm of red flags about these "high-risk products"
Federal Reserve hopes tax cuts will lift economy
Central bankers expect that lowering Americans' income taxes will boost consumer spending
Can stocks possibly climb any higher?
Investors have rarely had it this good for this long, but whether they have anything left in their tanks remains to be seen
Fed raises key interest rate
Investors were largely prepared for the increase, which brings the federal funds rate between 1.25 and 1.5 percent
Yellen's Fed legacy: Turning crisis into calm
America's first female central bank head was instrumental in helping keep the economic recovery on track
Fed expected to raise rates as Yellen prepares to leave
Fed chair Janet Yellen's final news conference Wednesday may give clues to investors about what to expect in 2018
Trump's meager impact on the economy and stocks
The president takes credit for rising growth and stock prices, but their uptrends depend on forces beyond his control
Tech stocks and bitcoin go wild -- in opposite directions
Volatility is reemerging on Wall Street, ending the calm, easy gains -- and setting up some scary year-end scenarios
Even the Fed is worried about the "Goldilocks" market
Amid widespread euphoria, the central bank is joining those who think stocks are ripe for a nasty reversal
Fed chief nominee Powell tips hand on interest rates
President Trump's nominee to head the central bank set to face Senate panel for confirmation hearing
Fed Chair Janet Yellen to leave Fed when new chief takes over
Outgoing Federal Reserve Chair says the U.S. financial system is "much stronger" and more stable than a decade ago
Is recession looming? Wall Street sends mixed signals
The scariest indicator is coming from the bond market, but there are also reasons to think it's a false alarm
Yellen ally William Dudley, NY Fed chief, to retire
As head of the nation's largest reserve bank, he has supported Janet Yellen's cautious moves to raise rates
Dow closes at another record high on a busy day
Investors had plenty to chew on Thursday, from long-awaited developments in Washington to a slew of earnings reports
Trump taps Jerome Powell for Fed chair
Long-anticipated announcement means Janet Yellen will soon be leaving her post
Trump nominates Jerome Powell as Federal Reserve chairman
Federal Reserve governor has a history of backing Janet Yellen's gradual approach to raising interest rates
Who are the front-runners to serve as new Fed chair?
With a decision imminent, here's a look at who's in and who's out to take the helm at the central bank
Trump says he's "thinking about" Yellen for Fed chair
The president told Fox Business Network's Lou Dobbs Janet Yellen is still in the running, but she isn't the only one
For now, "perfection" is in the air on Wall Street
By nearly every measure, stocks are in a utopian uptrend -- even though profit growth has taken a step backward
Live
Trump says Iran deal not final, will resume bombing "if they don't behave"
President Trump warns he could order new strikes if Iran's leaders "don't behave," two days before the expected signing of a deal that remains vaguely defined.
Exclusive
Veteran fights to prevent wife's deportation: "I'm begging my own country"
Retired staff sergeant Wilmer Trujillo, who served roughly 20 years in the U.S. Army and the Texas National Guard, is asking ICE to release his wife of six years.
Exclusive
"The most famous judge in America, for a while," on highs and lows of a Trump trial
In an exclusive interview with CBS News, retired Justice Arthur Engoron reflected on the highs and lows of the 2023 Trump civil fraud trial.
Trump puts Jay Clayton's nomination for intel chief on hold
The president says he's trying to force Congress to pass a voter ID bill that currently lacks enough support to be approved.
Vance says text of U.S.-Iran deal will be released Friday "at the latest"
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
Messi ties men's World Cup goals record with first World Cup hat trick
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
Rex Heuermann faces sentencing for Gilgo Beach serial killings
Rex Heuermann will be sentenced after he pleaded guilty to killing seven women in a series of murders known as the Gilgo Beach serial killings.
Detainees moved out of "Alligator Alcatraz" over hurricane concerns, ICE says
ICE has moved detainees out of a controversial soft-sided detention center in the Florida Everglades known as "Alligator Alcatraz," a spokesperson said, citing safety concerns around hurricane season.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
U.S.
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Vance says text of U.S.-Iran deal will be released Friday "at the latest"
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
Exclusive
"The most famous judge in America, for a while," on highs and lows of a Trump trial
In an exclusive interview with CBS News, retired Justice Arthur Engoron reflected on the highs and lows of the 2023 Trump civil fraud trial.
Exclusive
Veteran fights to prevent wife's deportation: "I'm begging my own country"
Retired staff sergeant Wilmer Trujillo, who served roughly 20 years in the U.S. Army and the Texas National Guard, is asking ICE to release his wife of six years.
Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
Dramatic rescue efforts after fiery small plane crash in Texas kills 1
A business jet with six on board crashed on a Laredo, Texas, highway and caught fire, killing one person and causing chaos as passersby frantically tried to save those inside.
MoneyWatch
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Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Yum! Brands sells struggling Pizza Hut in $2.7 billion deal
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Politics
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Vance says text of U.S.-Iran deal will be released Friday "at the latest"
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
Exclusive
"The most famous judge in America, for a while," on highs and lows of a Trump trial
In an exclusive interview with CBS News, retired Justice Arthur Engoron reflected on the highs and lows of the 2023 Trump civil fraud trial.
Exclusive
Veteran fights to prevent wife's deportation: "I'm begging my own country"
Retired staff sergeant Wilmer Trujillo, who served roughly 20 years in the U.S. Army and the Texas National Guard, is asking ICE to release his wife of six years.
Robert White wins Democratic primary for D.C. delegate to Congress
Robert White's win in the heavily Democratic city sets him up to take the top spot in November's general elections, when he could replace 18-term delegate Eleanor Holmes Norton.
Trump puts Jay Clayton's nomination for intel chief on hold
President Trump delayed Jay Clayton's nomination to lead the U.S. intelligence community, saying he's trying to force Congress to pass a voter ID bill that currently lacks enough support to be approved.
HealthWatch
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Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
World
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Exclusive
Is Russia burning through air defense missiles at an "unsustainable rate"?
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
Vance says text of U.S.-Iran deal will be released Friday "at the latest"
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
Live
Trump says Iran deal not final, will resume bombing "if they don't behave"
President Trump warns he could order new strikes if Iran's leaders "don't behave," two days before the expected signing of a deal that remains vaguely defined.
Latest U.S. strike on alleged drug boat kills 1, leaves 2 survivors, Pentagon says
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
Senate rejects latest resolution to limit Trump's Iran war powers
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
Entertainment
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Messi ties men's World Cup goals record with first World Cup hat trick
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
America250 announces concert headliners, host
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
A look at the adaptation of "I Will Find You"
Harlan Coben talks about casting for the Netflix adaptation of his 2023 bestselling novel "I Will Find You." The series stars Sam Worthington, who describes how fatherhood impacted him in his role and how he sees his character.
"Star Wars" lightsaber and more iconic film props going up for auction
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Serena and Venus Williams to play doubles together again, at Wimbledon
Serena and Venus Williams are getting back together as a doubles team, at Wimbledon. The last time the sisters were a doubles duo was at the 2022 U.S. Open, where they lost their opening match.
Technology
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Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
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.
Anthropic to meet Trump officials, Axios says
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
5 arrested in White House UFC attack plot
The FBI says it foiled a plot to attack Sunday's UFC event at the White House. Court records detail an alleged plot to use drones carrying explosives and snipers to target certain event attendees. CBS News' Katrina Kaufman has the latest.
Gilgo Beach serial killer to be sentenced
Rex Heuermann, the man who pleaded guilty in April to the Gilgo Beach murders, is set to be sentenced on Wednesday. Tom Hanson reports on how the case unfolded.
Rex Heuermann faces sentencing for Gilgo Beach serial killings
Rex Heuermann will be sentenced after he pleaded guilty to killing seven women in a series of murders known as the Gilgo Beach serial killings.
Former FBI agent on alleged UFC attack plot
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
Police: Wilmington shooting suspect at large
Police in Delaware are still searching for a suspect who shot two people at Wilmington Hospital on Tuesday, officials said at a news conference. At least one person is dead and another injured.
Space
More Space
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Netanyahu criticized for Hezbollah conflict
President Trump rebuked Israeli Prime Minister Netanyahu's handling of Israel's conflict with Hezbollah in Lebanon. CBS News' Imtiaz Tyab explains, and Olivia Rinaldi reports on the global reaction to the U.S.-Iran deal from the G7 summit in Paris.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Jalen and Rick Brunson on NBA title
New York Knicks superstar Jalen Brunson and his dad, Knicks assistant coach Rick Brunson, share what it was like to celebrate winning the NBA title together. They're the first father-son duo to win a championship as a player and coach for the same team.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Vance talks U.S.-Iran deal details
Vice President JD Vance told "CBS Mornings" the details regarding the Iran deal will be released on Friday at the latest and discussed why the framework hasn't come out yet. Vance claimed the deal is "a good deal for the American people," adding the Strait of Hormuz will open "immediately."