What's behind Fed's interest rate decision
The Federal Reserve left U.S. interest rates unchanged for a third consecutive time on Wednesday. CBS News coordinating producer Richard Escobedo has more.
Inflation
Economic uncertainty fuels Fed's rate decision
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.
Dow closes down after Fed holds rates steady
The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Goldman warns of Iran war's economic repercussions
Since the start of the Iran war, gas prices have increased by 27%, and diesel prices have increased by 34%. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins to examine the potential impact of the war on the overall economy.
How rising diesel prices may affect inflation
For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.
Inflation held steady in February before Iran war drove up gas prices
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
CPI climbs 0.3% in February, as expected
The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
February inflation numbers hold steady
February's CPI report shows inflation held steady. Erin Delmore, a geoeconomics correspondent, joins to break it down.
Stocks sink as oil prices sizzle and U.S. hiring fizzles
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
Iran war hits housing market as mortgage rates rise to 6%
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
Target to invest $2 billion in AI, stores, staffing as it seeks to reverse slump
Target will invest another $2 billion in its business this year to spruce up stores, remodel locations and invest in workers, the retailer said Tuesday as it outlined plans to try to reverse a persistent sales malaise and reclaim its footing in fashion and home categories.
The latest GDP data isn't as bad as it looks. Here's what to know.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Walmart and other big companies say tariffs are forcing them to hike prices
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
How a U.S. strike on Iran could affect American drivers and borrowers
Oil prices could surge depending on the level of disruption from U.S. military strikes on Iran, Wall Street analysts say.
January CPI report is the best inflation news in months. Here's why.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
What new inflation data says about high costs
New data on inflation rates is encouraging, but the burden of high prices continues to affect Americans. Erin Delmore, a geoeconomics correspondent, joins CBS News with more.
New inflation data beats expectations
New data shows inflation in the U.S. cooled more than expected in January. CBS News' Natalie Brand has more.
Reps. Jim Himes & Bryan Steil on "The Takeout"
Members of the House Select Committee on Economic Disparity and Fairness in Growth, chairman and Connecticut Democrat Rep. Jim Himes and Wisconsin Republican Rep. Bryan Steil, join Major Garrett for this week's episode of "The Takeout" to discuss the state of the U.S. economy, soaring energy prices and what options the current administration has in curbing rising costs.
Jill Schlesinger on "The Takeout"
Jill Schlesinger joins Major Garrett on this week's "The Takeout." Schlesinger and Garrett discuss the different terms around inflation, how the Fed affects inflation, the effect of the pandemic on the economy, bear markets, and stupid things smart people do with their money.
Trump delivers year-end address to nation
President Trump delivered a prime-time address from the White House on Wednesday night, touting the administration's actions during the first 11 months of his second term and outlining his goals for the next three years. CBS News' Norah O'Donnell anchors this special report.
Trump names Kevin Warsh as Fed Chair pick
President Trump on Friday announced former Fed Gov. Kevin Warsh as his pick to replace Jerome Powell as Federal Reserve Chair. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Warsh's experience.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Economic standings one year into Trump term
President Trump touted his economic agenda this week as he reflected on one year back in office. Barron's reporter Sabrina Escobar joins "The Daily Report" to discuss where the economy stands right now.
Live
U.S.-Iran Strait of Hormuz standoff and Israeli strikes in Lebanon continue
There's no confirmation of plans for new U.S.-Iran talks as the costly Strait of Hormuz standoff and Israel's fight with Hezbollah both continue despite ceasefires.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
As U.S. re-arms during ceasefire, long-term concerns about munitions supplies
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
U.S. special forces soldier who won $409K on Maduro bet is arrested
The soldier allegedly bet on Nicolás Maduro's removal as president of Venezuela before news of the raid was reported, a law enforcement source told CBS News.
Melania Trump adds White House-shaped beehive to South Lawn
The new beehive expands existing beekeeping and honey production operations at the White House.
Netanyahu says he was treated for early-stage prostate cancer
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
Oklahoma tornado destroys homes, forces Air Force base to close
A powerful tornado in Oklahoma on Thursday ripped roofs off buildings, destroyed homes, knocked down power poles and forced an Air Force base to close.
2 missing USF doctoral students are now considered endangered, police say
Zamil Limon and Nahida Bristy, both 27, were last seen in the Tampa area on April 16, the University of South Florida Police Department said. Loved ones say their disappearances are out of character and they're concerned.
U.S.
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Melania Trump adds White House-shaped beehive to South Lawn
The new beehive expands existing beekeeping and honey production operations at the White House.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
Video, images show elite forces searching for U.S. ship's missing crew
New video and photos show the search for the five crewmembers who remain missing after a U.S.-flagged ship capsized in the Pacific Ocean.
As U.S. re-arms during ceasefire, long-term concerns about munitions supplies
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
Oklahoma tornado destroys homes, forces Air Force base to close
A powerful tornado in Oklahoma ripped roofs off buildings, destroyed homes, knocked down utility poles and forced an Air Force base to close.
MoneyWatch
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Planning a summer flight? Book now before prices surge, airline experts say.
"If you haven't booked for this summer, get busy," Atmosphere Research Group Airline industry analyst Henry Harteveldt told CBS News.
Air travel prices likely to get worse in coming weeks, Chevron CEO says
Travelers could see airline fares rise and fewer flights available in the coming weeks, Chevron CEO Mike Wirth said in an interview with "Face the Nation with Margaret Brennan."
Only one Trump "gold card" visa has been approved, Lutnick says
The Trump administration started accepting applications in December for foreigners willing to pay $1 million for the right to live in the U.S.
Nearly 208,000 heated socks sold at Costco recalled due to burn injuries
The 32 Degrees Heated Socks can pose a burn risk due to the combination of heat, friction, moisture and pressure created during athletic activities.
Meta to cut 8,000 jobs as it charges into AI
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
Politics
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Melania Trump adds White House-shaped beehive to South Lawn
The new beehive expands existing beekeeping and honey production operations at the White House.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
As U.S. re-arms during ceasefire, long-term concerns about munitions supplies
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
Hegseth says U.S. blockade of Iranian vessels to continue for "as long as it takes"
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
HealthWatch
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Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
World
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Netanyahu says he was treated for early-stage prostate cancer
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
Live
U.S.-Iran Strait of Hormuz standoff and Israeli strikes in Lebanon continue
There's no confirmation of plans for new U.S.-Iran talks as the costly Strait of Hormuz standoff and Israel's fight with Hezbollah both continue despite ceasefires.
60-foot octopus ruled the seas during age of dinosaurs, fossils show
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Hegseth says U.S. blockade of Iranian vessels to continue for "as long as it takes"
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
Cartel members linked to notorious drug lord's brother captured in Mexico
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Entertainment
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Entertainment
Ellen Burstyn reflects on impact of poetry
Ellen Burstyn, known for her Oscar-winning role in "Alice Doesn't Live Here Anymore," has spent seven decades in Hollywood, but she tells "CBS Mornings" that poetry has also shaped her life as she discusses her new book "Poetry Says It Better."
"Survivor" castaway on elimination from game
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"Giant" explores Roald Dahl scandal
"Giant," which is now on Broadway, dramatizes a real-life scandal that stained the legacy of world-famous children's author Roald Dahl. Anthony Mason spoke to John Lithgow, who stars in the play, and playwright Mark Rosenblatt.
DiCaprio speaks at 2016 Paris Agreement signing
On April 22, 2016, the U.N. held a signing ceremony for the Paris Agreement, an international treaty aimed at curbing climate change, featuring several speakers from various nations, including actor and environmental activist Leonardo DiCaprio. Watch his full speech from the event.
Donnie Wahlberg talks "Boston Blue" success
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.
Technology
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Meta to cut 8,000 jobs as it charges into AI
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
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.
How to dispose of e-waste this Earth Day
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
Meta to track workers' computer use to train AI
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company's artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss.
Science
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60-foot octopus ruled the seas during age of dinosaurs, fossils show
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Crime
More Crime
Crime
Probe into bet on Maduro's capture
U.S. Army Master Sgt. Gannon Ken Van Dyke is being investigated for allegedly betting on Venezuelan President Nicolás Maduro's removal from office before the raid was made public. CBS News' Nicole Sganga reports.
Cartel members linked to notorious drug lord's brother captured in Mexico
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Police stop man before alleged mass shooting
Florida police say they stopped a mass shooting by arresting a man who was on his way to Jazz Fest in New Orleans with a handgun and hundreds of rounds of ammunition. Cristian Benavides has details.
2 rival groups open fire in mall food court
A shooting broke out at a major mall in Baton Rouge, Louisiana, where police said a feud in the food court ended with bullets flying and at least five people in the hospital. Matt Gutman reports.
What to expect from Baton Rouge investigation
At least one person was killed and several others were hurt during a shooting at a mall in Baton Rouge, Louisiana, Thursday. Police have five suspects in custody. CBS News' Anna Schecter has more. Editor's note: CBS News has removed an earlier report in light of new information from Louisiana authorities about the number of people hurt in the shooting.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
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?
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.
Latest CBS News Videos
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Latest CBS News Videos
Pakistan says Iranians headed to Islamabad
Iran's Foreign Minister Abbas Araghchi says he is headed to Pakistan as hopes for more peace talks with the U.S. linger. CBS News' Olivia Rinaldi and Ramy Inocencio report.
Ellen Burstyn reflects on impact of poetry
Ellen Burstyn, known for her Oscar-winning role in "Alice Doesn't Live Here Anymore," has spent seven decades in Hollywood, but she tells "CBS Mornings" that poetry has also shaped her life as she discusses her new book "Poetry Says It Better."
Justice Department drops Jerome Powell probe
U.S. Attorney Jeanine Pirro announced Friday that the Justice Department is dropping the investigation into Federal Reserve Chairman Jerome Powell.
Trump redoing Lincoln Memorial Reflecting Pool
In Oval Office remarks Thursday, President Trump discussed plans to renovate the stone lining of the Lincoln Memorial Reflecting Pool with a swimming pool-style surface, colored "American flag blue."
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