Buffett: Raising interest rates hard as Europe struggles
Says that raising U.S. rates now would make the dollar even stronger and hurt U.S. exports
Federal Reserve
Bernanke's Bad Example
By stepping down from the Fed and taking jobs in the private sector, he's helping undermine the central bank's independence
Stocks close lower as Fed confirms Q1 economic stall
Wall Street retreated on data and earnings -- and on the Federal Reserve's reading of the wobbly U.S. economy
Noting slower growth, Fed keeps interest rates on hold
Central bank offers no indication on timing of monetary moves ahead
All eyes on Fed for rate hike clues
Will Wednesday's Federal Reserve statement provide a clear sign about the timing of its first rate hike since 2006?
World markets mixed after Wall Street gains
On Wall Street, futures pointed to a higher open, with both Dow and S&P 500 futures up 0.2 percent
What Wall Street will be watching this week
Several readings -- which all play into the Fed's next policy announcement on Wednesday -- are key for investors
Dollar weakness is giving stocks new strength
A further pullback in the greenback could unleash commodities and precious metals -- and help boost equities to fresh highs
Are U.S. stocks too expensive?
The Dow has stalled near 18,000 on earnings and valuation concerns -- will corporate buybacks turn the tide?
Why stocks got slammed (but should soar again)
While investors took cover Friday, signs that the Fed will delay raising interest rates is likely to boost markets
What is pushing stocks into a new uptrend?
After a long funk, financial markets are starting to perk up -- here's what has the bulls snorting again
U.S. economy still struggling to gain traction
But most parts of the country are growing at a moderate pace, according to the Central Bank
Lingering concerns keep the Fed on hold
The latest meeting minutes show how lackluster data, low inflation and poor wage growth again lead to delayed rate hikes
Stocks mildly higher after Fed release
Wall Street takes latest central-bank minutes in stride while applauding large deal in the energy sector
Fed official's rate hike signal buoys markets
Futures augured a positive start to Wall Street's session: Both Dow and broader S&P 500 futures were up 0.2 percent
Stocks bounce on hopes Fed will delay rate hike
Traders return from a long weekend optimistic that a weak jobs report will slow the Fed's policy tightening
World stocks gain after Yellen rate remarks
Futures pointed to gains on Wall Street: S&P 500 futures were up 0.5 percent
The economic slowdown deserves a second look
Amid much disappointing data, the outlook for working Americans is actually improving in a U.S. economy that's pretty resilient
Yellen: Rate hike may be warranted later this year
But the Federal Reserve chair stresses that any rate increases would likely be very gradual
What's casting a pall over stocks
A nearly 300-point fall in the Dow Wednesday reflects lots of worries, but one that can't be easily dismissed is slack growth
World stocks drift as Fed, China weakness weigh
U.S. stocks looked set for a lackluster start, with Dow futures down 0.2 percent and S&P 500 futures nearly unchanged
Global markets mixed after Wall Street's gains
Wall Street looked set for a lower open Monday, with both Dow and broader S&P futures down 0.1 percent
Why the Fed switched to a slower track
The surprisingly dovish note in its new, lower estimates for rate hikes results from many things, including the strong dollar
Stocks surge as Fed rules out April rate hike
Central bank looks set to start raising rates later this year, but liftoff will come gradually
Fed drops "patient" from policy statement
The central bank did say a rate increase at its next meeting in April was unlikely
Denmark summoning U.S. ambassador after Trump names special envoy to Greenland
The president's move angered Danish officials. Greenland is a Danish autonomous territory he's often expressed interest in obtaining.
DHS offers undocumented migrants $3000 if they self-deport before 2026
The Department of Homeland Security has tripled its "exit bonus" offered to undocumented migrants who voluntarily leave the United States by Dec. 31, 2025.
Americans weigh in on cost of living, Trump, expectations for 2026 in poll
More see Trump's policies responsible for economy today than Biden's; there are also concerns about AI impact on jobs.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
If caught and seized, it would be the third Venezuelan tanker taken by the U.S. this month.
Russian general killed by bomb under his car in Moscow
A Russian general was killed when a bomb detonated under his car in Moscow and investigators said Ukraine could be behind the attack.
Suspected Brown and MIT professor shooter showed signs of anger, former friend says
A former friend of the man accused of the deadly Brown University shooting and killing an MIT professor described him as a "socially awkward" person who showed signs of anger during their time on campus together.
Thousands of mourners gather at Bondi Beach to honor attack victims
Prime Minister Anthony Albanese, whose government earlier this year recongized a Palestinian state, was booed by the crowd.
At least 15 newly-released Epstein files disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
U.S.
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DHS offers undocumented migrants $3000 if they self-deport before 2026
The Department of Homeland Security has tripled its "exit bonus" offered to undocumented migrants who voluntarily leave the United States by Dec. 31, 2025.
What are your chances of a white Christmas? Map shows likelihood of snow.
Northern U.S. states and higher elevations have the best chances of a white Christmas, while southern and western areas are far less likely to see snow this year.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Georgetown coach suspended for one game for water bottle throw
Georgetown men's basketball coach Ed Cooley was suspended by the school on Sunday for one game after throwing a water bottle into the stands at the end of a loss to Xavier the night before.
Full transcript of "Face the Nation with Margaret Brennan," Dec. 21, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Thomas Massie and Ro Khanna join Margaret Brennan.
MoneyWatch
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Rome introduces tourist fee for some Trevi fountain visitors
Tourists visiting the Trevi Fountain are now going to pay more than just the legendary coin toss over their shoulder.
Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Trump reaches deal with 9 major drugmakers to lower prices
Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.
Judge in nursing home bankruptcy case gives families fresh hope
A bankruptcy judge blocked an attempt by a nursing home chain's primary investor to shield himself from settlement payments and liability in lawsuits over allegations of poor care.
Politics
More Politics
DHS offers undocumented migrants $3000 if they self-deport before 2026
The Department of Homeland Security has tripled its "exit bonus" offered to undocumented migrants who voluntarily leave the United States by Dec. 31, 2025.
Denmark summoning U.S. ambassador after Trump names special envoy to Greenland
Denmark says it will summon the U.S. ambassador after President Trump appointed a special envoy to Greenland, the Danish autonomous territory he has often expressed interest in.
Full transcript of "Face the Nation with Margaret Brennan," Dec. 21, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Thomas Massie and Ro Khanna join Margaret Brennan.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
If caught and seized, it would be the third Venezuelan tanker taken by the U.S. this month.
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
HealthWatch
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HealthWatch
Flu cases surging nationwide
Flu cases are on the rise across the country with CDC data showing more than 4 million illnesses this season resulting in roughly 2,000 deaths, including two children. Dr. Benjamin Abella, chair of emergency medicine at the Mount Sinai Health System in New York City, joined CBS News to discuss.
This professional Santa's dream of spreading holiday cheer fuels stroke recovery
Brent Rasmussen had a massive stroke in 2023. Getting his "ho ho ho back" helped motivate his recovery.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Inside the FDA's vaccine uproar
A memo from Dr. Vinay Prasad, the head of the FDA's Center for Biologics Evaluation and Research, may signal an effort to to rewrite the rules governing the U.S. vaccine system.
Trump administration unveils proposals to cut off transgender care for minors
The proposals run counter to the recommendations of most major U.S. medical organizations.
World
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Denmark summoning U.S. ambassador after Trump names special envoy to Greenland
Denmark says it will summon the U.S. ambassador after President Trump appointed a special envoy to Greenland, the Danish autonomous territory he has often expressed interest in.
Russian general killed by bomb under his car in Moscow
A Russian general was killed when a bomb detonated under his car in Moscow and investigators said Ukraine could be behind the attack.
12 bodies found outside Guatemala City linked to gang violence, officials say
At least 12 bodies were found in three days in a wooded area on the outskirts of Guatemala City, authorities said Sunday, linking the discovery to gang violence.
MS-13 gang member sentenced to 1,335 years in prison in El Salvador
Earlier this year, the U.S. designated MS-13, which was formed in Los Angeles in the 1980s by Salvadoran immigrants, a terrorist organization.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
If caught and seized, it would be the third Venezuelan tanker taken by the U.S. this month.
Entertainment
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Actor James Ransone, known for his role in "The Wire," dies at 46
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Young People's Chorus of NYC: "Jolly Toyland"
To mark the Christmas season, "Sunday Morning" presents a performance by the Young People's Chorus of New York City, of "Jolly Toyland," arranged by Francisco J. Nunez.
Young People's Chorus of NYC: "Deck the Halls"
"Sunday Morning" gifts to its viewers a Christmas tradition: a performance by the Young People's Chorus of New York City. They present "Deck the Halls," arranged by Francisco J. Nunez and Jim Papoulis.
Sean Ono Lennon on being caretaker of the legacy of John Lennon & Yoko Ono
The musician-songwriter-producer, who says he feels a responsibility to promote his parents' legacy, talks about the animated short inspired by their anti-war anthem, "Happy Xmas (War Is Over)," and the new HBO documentary "One to One: John & Yoko."
Extended interview: Sean Ono Lennon
In this web exclusive, Sean Ono Lennon talks with Anthony Mason about The Claypool Lennon Delirium, his musical collaboration with Les Claypool of Primus, and his upcoming jazz album. He also discusses his animated short film, "War Is Over!"; his custodianship of the musical legacy of his parents, John Lennon and Yoko Ono; how concert footage and previously-unknown private recordings came together in the documentary "One to One"; and how creating art is "a fundamental force" in his life.
Technology
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Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
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.
Japanese woman marries AI boyfriend
People are starting to develop lasting connections with artificial technology. Melissa J. Perry, the dean of the College of Public Health at George Mason University, joins CBS News with more details.
TikTok nears deal to avoid U.S. ban
TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News. Jo Ling Kent has more.
Science
More Science
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Search underway for swimmer missing at Pacific Grove's Lovers Point in possible shark attack
Search efforts are underway in Pacific Grove after a swimmer went missing Sunday afternoon.
Khanna on full Epstein file release
Reps. Ro Khanna, a California Democrat, and Thomas Massie, a Kentucky Republican, who pushed for the Justice Department to release the Jeffrey Epstein files, said the problem with the release isn't that it's "taking too long" and but that Friday's release is a "slap in the face of survivors."
Police seek motive in deadly shootings
Authorities are seeking motive after the man responsible for the deadly shooting at Brown University and the murder of an MIT professor was found dead in a New Hampshire storage unit on Thursday.
Epstein survivor on partial files release
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
New photos in initial trove of Epstein files
The Justice Department on Friday released a batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Erica Brown and Katrina Kaufman report.
Space
More Space
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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.
"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Riding along on the CPKC Holiday Train
Canadian Pacific Railway decked out its first holiday train 27 years ago. Now merged with Kansas City Southern and known as CPKC, the company is delivering festive fun all across North America. Lana Zak started her travels in Milwaukee.
Inside the idea of 50-year mortgages
Carter Evans reports on the perceived benefits and downsides of 50-year mortgages.
Flu cases surging nationwide
Flu cases are on the rise across the country with CDC data showing more than 4 million illnesses this season resulting in roughly 2,000 deaths, including two children. Dr. Benjamin Abella, chair of emergency medicine at the Mount Sinai Health System in New York City, joined CBS News to discuss.
Thousands honor Bondi Beach victims
On the final night of Hanukkah, thousands came to Bondi Beach to honor the victims of last week's targeted attack in Australia. Leigh Kiniry has more.
Power coming back online in San Francisco
Most of the lights in San Francisco are back on after a power outage left about 130,000 customers in the dark. Nicole Valdes has more.