Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
Inflation
GDP growth slower than expected in early 2024
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why this actually might be good news for those looking for lower interest rates.
Major banks release first quarter earnings
JPMorgan Chase beat expectations in the first quarter of 2024, reporting an increase in both profits and revenues. CEO Jamie Dimon says the numbers are strong, but he warns that uncertainties like inflation and war pose potential threats for the future. CBS News contributor Javier David has more.
Inflation higher than expected in March
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
What does high March inflation mean for Fed?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Inflation runs hot for a third straight month, led by by gas and rent
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Stocks tumble as hot inflation numbers douse hopes of June rate cut
"You can kiss a June interest rate cut goodbye," one analyst said of the latest CPI numbers showing stubborn inflation.
Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Gas, rent and grocery prices keeping inflation up
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.
Gas, rent prices contribute to inflation
The March consumer price index indicates a third straight month of price increases, a sign the U.S. economy is still dealing with inflation. Prices in March rose 3.5% on an annual basis. CBS News senior business and tech correspondent Jo Ling Kent breaks down the data.
Inflation hotter than expected in March
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
Young people spending more on groceries
Younger generations are showing a willingness to buy higher priced items when it comes to groceries, according to a report from McKinsey and Company. CBS News contributor Javier David, managing editor of business and markets at Axios, has more on the trend.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Is America suffering from a "vibecession"? Here's what the data says.
Economists say Americans should be more upbeat about the economy given strong job growth and lower inflation.
When will the Fed cut rates? Maybe not in 2024, Fed official cautions
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
California gets new fast food minimum wage
Fast food workers in California will now earn a minimum of $20 an hour. CBS News correspondent Carter Evans has more details. Then, economy and labor journalist Margot Roosevelt joins to discuss what the wage changes mean for the industry and Californians.
Cocoa prices hit record highs ahead of Easter holiday
Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
Why new inflation numbers aren't alarming Fed
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
Intel gets $8.5B federal investment for chips
On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.
What to know ahead of the Fed's announcement
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Latino voters in Arizona discuss 2024 race
President Biden is wrapping up a Southwest trip to Nevada and Arizona. There, he highlighted his economic policies and appealed to Latino voters. CBS News' Fin Gómez and Weijia Jiang have more.
The Fed is meeting today — will it finally cut interest rates?
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
Interest rates hit 23-year peak
In a move to combat rising inflation, interest rates have soared to their highest in nearly a quarter-century. The Federal Reserve is concluding a two-day policy meeting today. Their decisions could significantly impact borrowing costs for consumers.
3/20: CBS Morning News
Appeals court to hear arguments on Texas border law; Princess Kate privacy breach investigation.
Home prices fall amid higher mortgage rates as spring buying season begins
A rise in the number of home listings with price cuts suggests a return to a more balanced dynamic between buyers and sellers.
Trump claims he's brought down prices, touts military bonuses in year-end address
In President Trump's speech Wednesday night, he touted new military bonuses, his tariffs and economic policies.
House passes GOP health care bill without ACA subsidy extension
The House has passed a GOP health care bill that does not include an extension of Affordable Care Act tax credits.
Witnesses' description of Brown shooter matches person of interest, police say
As the search entered its fifth day, authorities have so far been unable to identify a person of interest in the shooting that killed two students and wounded nine others over the weekend.
Trump expected to sign order reclassifying marijuana as a Schedule III drug
President Trump is expected to sign an order that would reschedule marijuana to a lower drug classification, according to two sources, in one of the most significant changes to drug policy in decades.
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
U.S. government admits fault in deadly midair collision that killed 67 near D.C.
A filing states that the crew of the Army Black Hawk helicopter failed to establish and maintain proper and safe visual separation with a regional American Eagle flight that was approaching Reagan National Airport near Washington, D.C.
Dan Bongino leaving post as FBI deputy director next month
FBI Deputy Director Dan Bongino will be leaving his role in January, he announced in a social media post on Wednesday.
Rob and Michele Reiner's children speak out after brother's arrest
Jake and Romy Reiner released a statement on Wednesday, remembering their parents, Rob Reiner and Michele Singer Reiner, as their best friends.
Powerball jackpot hits estimated $1.5 billion
The Powerball jackpot leaped to an estimated $1.5 billion after no one won Wednesday night's pot of gold of approximately $1.25 billion.
U.S.
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D.C.'s homeless hide in plain sight, growing sicker and costing taxpayers more
The White House says encampment sweeps have enhanced the capital, but city leaders estimate nearly 700 homeless people roam by day and bed down outdoors by night.
Peter Arnett, Pulitzer Prize-winning war correspondent, dies at 91
Peter Arnett, the Pulitzer Prize-winning correspondent who covered the Vietnam and Gulf wars, has died. He was 91.
Powerball jackpot hits estimated $1.5 billion
The Powerball jackpot leaped to an estimated $1.5 billion after no one won Wednesday night's pot of gold of approximately $1.25 billion.
U.S. government admits fault in midair collision that killed 67 near D.C.
A filing states that the crew of the Army Black Hawk helicopter failed to establish and maintain proper and safe visual separation with a regional American Eagle flight that was approaching Reagan National Airport near Washington, D.C.
Trump claims he's brought down prices, touts military bonuses in year-end address
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
MoneyWatch
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Recalled salad dressings could contain "foreign objects," FDA warns
Onions used to make the salad dressings could contain "black plastic planting material," according to food regulators.
Poll: Americans say holidays are costing them more, some are scaling back
Negative views of the nation's economy persist as 2025 draws to a close.
Recalled ice cream sold nationwide could contain "small stones," FDA says
The recall affects So Delicious Dairy Free's Salted Caramel Cluster ice cream with best by dates of Aug. 8, 2027.
The Oscars is moving to YouTube starting in 2029
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
How will the stock market perform in 2026? Wall Street pros weigh in.
Wall Street analysts expect another strong year in stocks in 2026, propelled by continued AI sector gains and additional Fed interest-rate cuts.
Politics
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D.C.'s homeless hide in plain sight, growing sicker and costing taxpayers more
The White House says encampment sweeps have enhanced the capital, but city leaders estimate nearly 700 homeless people roam by day and bed down outdoors by night.
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
Trump claims he's brought down prices, touts military bonuses in year-end address
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
Ghislaine Maxwell asks court to toss out her conviction
Ghislaine Maxwell asked a federal judge on Wednesday to vacate her 2021 conviction on sex trafficking charges, just two days before the federal government is expected to release a massive trove of documents on Jeffrey Epstein.
Judge blocks ICE from requiring lawmakers to provide notice before jail visits
A federal judge temporarily blocked a Trump administration policy that sought to require members of Congress to submit requests a week before visiting ICE detention facilities.
HealthWatch
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Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
He made his brothers see a cardiologist. Each had advanced heart disease.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
Millions of Americans could see health plan costs double as ACA credits vanish
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Vaccine vote signals turbulence for immunization policy, public trust
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Botulism outbreak tied to ByHeart products includes 51 babies in 19 states
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
World
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Soccer star Mario Pineida shot and killed in Ecuador
Guayaquil has become a hotspot for gang violence linked to drug trafficking and several soccer players in Ecuador have been targeted in recent months.
Australian police conduct dramatic operation 4 days after Bondi attack
Police intercepted two vehicles in a Sydney suburb based on "information received that a violent act was possibly being planned."
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
U.S. government lawsuit accuses Virgin Islands of obstructing Americans' gun rights
A Second Amendment clash has erupted between the federal government and the U.S. Virgin Islands.
Democrats' push to limit boat strikes and attacks on Venezuela fails in House
The votes follow a monthslong military campaign against alleged drug smuggling boats in the Caribbean Sea and eastern Pacific Ocean.
Entertainment
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Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
Meg Ryan honors Rob Reiner and his wife Michele
Meg Ryan starred in Rob Reiner's "When Harry Met Sally...," a breakout role that catapulted her career in romantic comedies.
CBS News special celebrates Rob Reiner's life and legacy
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
Rob and Michele Reiner's children speak out after brother's arrest
Jake and Romy Reiner released a statement on Wednesday, remembering their parents, Rob Reiner and Michele Singer Reiner, as their best friends.
The Oscars is moving to YouTube starting in 2029
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
Technology
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Technology
How artificial intelligence grew in 2025
In 2025, the integration of artificial intelligence into the U.S. economy and people's everyday lives grew to historic levels. CBS News senior business and technology correspondent Jo Ling Kent joins to recap how the transformative technology expanded over the past year, and what we can expect in 2026.
OpenAI, Amazon in talks over $10B investment
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
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.
Local pushback grows against AI data centers
A frenzy of development to support the artificial intelligence boom is prompting pushback from communities who say they don't want data centers in their backyards. Technology journalist Jacob Ward joins CBS News to discuss.
These are the most popular internet services of 2025, as AI gains traction
Global internet traffic rose 19% this year as people rely more on tech for daily communication and entertainment, a new report finds.
Science
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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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Soccer star Mario Pineida shot and killed in Ecuador
Guayaquil has become a hotspot for gang violence linked to drug trafficking and several soccer players in Ecuador have been targeted in recent months.
Police call for public help in Brown probe
The manhunt for the gunman who killed two students and wounded nine others at Brown University last weekend is now in its fifth day. CBS News legal reporter Katrina Kaufman has the latest from Providence, Rhode Island.
Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
Nick Reiner makes first court appearance
Nick Reiner made his first court appearance on Wednesday since being arrested for the killings of his parents, Rob and Michele. CBS News correspondent Adam Yamaguchi has more.
Police ask public for footage in Brown manhunt
Investigators remain stymied in the hunt for the Brown University gunman. CBS News legal reporter Katrina Kaufman has the latest.
Space
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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.
"Wet lava ball" exoplanet may have an atmosphere, evidence shows
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA says Maven spacecraft that was orbiting Mars has gone silent
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Latest Galleries
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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
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Latest CBS News Videos
The Uplift: Made with love
Visit a Uyghur restaurant in Southern California, where culture is shared and the food is made with love. Plus, a man who wanted to save his friends life by donating a kidney ends up saving his own life.
Takeaways from Trump's year-end address
President Trump addressed the nation from the White House on Wednesday night in a speech looking back on the first 11 months of his second term. Political strategists Joel Payne and Kevin Sheridan join with analysis. Then, CBS News chief White House correspondent Nancy Cordes joins to unpack Mr. Trump's remarks further.
Trump touts policies in year-end address
President Trump delivered remarks Wednesday night looking back at his first year back in office. Nancy Cordes reports.
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 a special report.
Measles entrenching in U.S., doctor says
A measles outbreak in South Carolina is worsening with 138 cases reported in the state. CBS News' Skyler Henry and Dr. Céline Gounder have more.