Federal Reserve faces key decision
The Federal Reserve will announce its rate decision after several recent bank failures have shaken the industry. Real estate has been among the most impacted sectors. Ed O'Keefe reports.
Inflation
More Americans can't pay their bills. Here's where it's worst.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
Yellen tells Senate panel nation's "banking system is sound"
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
Banking instability sparks U.S. recession fears
The Dow Jones fell sharply Wednesday after shares in Swiss bank Credit Suisse hit a record low. Host of "The Street" J.D. Durkin spoke with CBS News about recent trends in the marketplace and how they could impact federal economic action.
What's behind the gift-free party trend?
Wall Street Journal consumer trend reporter Rachel Wolfe joined CBS News to discuss how uncertainty in the economy has led some party hosts to ask their guests leave the gifts at home.
Why surge pricing is spreading
Surge pricing is spreading to places that many may not realize, such as restaurants, gym classes, movie theaters and more. Robert Shumsky, a professor of operations management at Dartmouth College's Tuck School of Business, joins CBS News' Lana Zak and Elaine Quijano to analyze this practice and its use in the United States.
Egg prices are falling after five months of price hikes
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
Stocks climb higher on Wall Street, led by beaten down banks
Fed "stuck between a rock and a hard place" as it must now decide if the banking system can handle more interest-rate hikes.
How the markets are reacting to bank failures
Investors are reacting to the latest consumer price index numbers and the failure of Silicon Valley Bank and Signature Bank. Joe Saluzzi, co-founder and partner of brokerage firm Themis Trading LLC, joined CBS News' Anne-Marie Green and Nikki Battiste to discuss the reaction, what Meta's layoffs mean for the tech sector and a looming potential interest rate hike.
Prices were up in February, new data shows
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the federal government made to avoid a banking crisis and a potential interest rate hike.
Inflation cooled in February, yet remains stubbornly high
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
Investors react to Silicon Valley Bank collapse
The stock market closed relatively flat a day after the federal government took action to ensure that Silicon Valley Bank's customers would not lose their deposits in the bank's collapse. CBS News business analyst Jill Schlesinger joined Elaine Quijano to discuss how the action will impact investors and consumers going forward.
Reverberations felt worldwide after SVB failure
President Biden spoke with California Gov. Gavin Newsom on Saturday night about the government's response to SVB failure. The turbulence comes at a curious moment for the U.S. economy, as the continued strength of the labor market feeds concerns about persistent inflation. Mark Strassmann reports from Atlanta on America's economic crossroads.
1/18: CBS News Mornings
At least 16 dead after helicopter crash near Kyiv; inflation and bird flu cause egg prices to double over the past year.
1/26: CBS News Mornings
Russia launches new missile attack on Ukraine; Gen Z and millennials struggle to save money.
UK child care costs soar
Child care costs in the United Kingdom are soaring as availability dwindles. And in China, inflation rates sank to a one-year low. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Shanelle Kaul for MoneyWatch International.
What to expect in latest jobs report
New weekly jobless claims rose to the highest numbers in five months, and the February numbers are due out Friday. CBS News' Jim Axelrod and Nikki Battiste are joined by Daniel Altman, chief economist for the flexible job platform Instawork.
U.S. jobless claims rise by most in 5 months
Layoffs remain historically low as labor market continues to be largely unaffected by Fed's interest rate hikes.
Fed chair sees higher interest rates coming
Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest rates could rise higher and faster than anticipated in an effort to fight inflation. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBS News' John Dickerson to discuss the comments, plus a new corporate trend that's convincing consumers to spend more on similar products.
Stocks fall over interest rate hike fears
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Stocks tumble as Powell dashes hopes for smaller rate hikes
Investors pulled back after the Federal Reserve Chair said policy makers may accelerate interest-rate hikes.
Fed chief Jerome Powell to face questions on inflation fight
Fed chair expected to reinforce his commitment to continue pushing up borrowing costs to rein in inflation.
Some retirees forced to move in with family
Home shortages and inflation have forced many retirees to move in with family members. The trend has also contributed to the growing popularity of housing options such as accessory dwelling units. Carter Evans has more.
What's the state of the tech industry?
Mark Lehmann, CEO of JMP Securities, a Citizens Company, joined CBS News on Friday to discuss the state of the tech industry and the U.S. economy after the closing bell on Wall Street.
Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Sen. Lindsey Graham's cause of death was aortic dissection, medical examiner says
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
Live
U.S.-Iran attacks continue into second week as diplomacy falters
Iran attacked Persian Gulf states again after more U.S. strikes, casting doubt on diplomatic efforts to reach a peace deal.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
Ukraine prime minister resigns; Zelenskyy shifts several government roles
Ukrainian Prime Minister Yulia Svyrydenko has stepped down as President Volodymyr Zelenskyy announced fresh changes to Ukraine's government.
At least 27 killed in Bangkok beer hall fire, authorities say
Video shared by first responders shows a huge blaze, with flames coming out of the front door of the Na Ladprao bar in the northern part of the Thai capital.
Keystone Pipeline operator agrees to pay $26.9 million over 2022 spill
A proposed settlement with the U.S. government would require the Keystone Pipeline system's operator to pay $26.9 million over a 2022 oil spill in Kansas.
Margaret Brennan: I spoke with Lindsey Graham a day before he died
Fierce Ukraine supporter Lindsey Graham passed away Saturday on the heels of his tenth trip to the warzone, and at a key moment for one of the Republican senator's proudest accomplishments.
U.S.
More U.S.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
N.J. man says he was almost kicked off plane over message on t-shirt
A New Jersey man says his t-shirt nearly got him kicked off a United Airlines flight.
Full transcript of "Face the Nation with Margaret Brennan," July 12, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Republican Sen. Tim Scott remembers Lindsey Graham, and Israeli Ambassador Michael Leiter and retired Gen. Frank McKenzie discuss the Iran war.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Keystone Pipeline operator agrees to pay $26.9 million over 2022 spill
A proposed settlement with the U.S. government would require the Keystone Pipeline system's operator to pay $26.9 million over a 2022 oil spill in Kansas.
MoneyWatch
More MoneyWatch
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Household staff can earn up to $300,000 working for America's rich
Good help is hard — and expensive — to find, according to a recruiting firm for private chefs, chauffeurs and other household workers.
Politics
More Politics
Full transcript of "Face the Nation with Margaret Brennan," July 12, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Republican Sen. Tim Scott remembers Lindsey Graham, and Israeli Ambassador Michael Leiter and retired Gen. Frank McKenzie discuss the Iran war.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Republican Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Transcript: Rahm Emanuel on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with former White House chief of staff and Chicago Mayor Rahm Emanuel that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Transcript: Michael Leiter on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Israeli Ambassador to the U.S. Michael Leiter that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
HealthWatch
More HealthWatch
Common knee surgery may do more harm than good, 10-year study shows
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Pregnant mom diagnosed with Stage IV cancer after symptoms were dismissed
Jenney Bitner feared she wouldn't get to see her children grow up after a tumor in her brain revealed she had Stage IV melanoma.
World
More World
Speedboat capsizes off southern Vietnam, killing 15 tourists
"They were being submerged by the waves but still waving their hands for help," a witness said.
Live
Iran says diplomacy continues despite ongoing attacks
Iran attacks Persian Gulf states again after more U.S. strikes, but despite a week of renewed hostilities, Tehran says diplomacy also continues.
Wildfire of "exceptional scale" burning near Paris
The wildfire is piling pressure on a region facing its third heat wave since May.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
At least 27 killed in Bangkok beer hall fire, authorities say
Video shared by first responders shows a huge blaze, with flames coming out of the front door of the Na Ladprao bar in the northern part of the Thai capital.
Entertainment
More Entertainment
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
7/12: Sunday Morning
Hosted by Tracy Smith. Featured: The only successful coup in U.S. history; Behind the scenes of "The Pitt"; Trump's monumental reimagining of Washington, D.C.; singer-songwriter Gracie Abrams; "Take Me Home, Country Roads"; and a Tuscany tradition: wine barrel races.
Milepost: David Attenborough
This week, British documentarian Sir David Attenborough, who turned 100 years old in May, broke the record for oldest nominee for a Primetime Emmy Award, earning two nominations this year.
Grace notes: Art as a reverie of gentle sounds
French artist and composer Céleste Boursier-Mougenot's "Clinamen," at the Park Avenue Armory in New York City, is a mesmerizing installation in which porcelain bowls floating in giant basins of water collide, producing chiming sounds that reverberate in the 55,000-square-foot hall, to foster a state of grace. Tracy Smith reports.
Behind the scenes of "The Pitt"
The Emmy-winning HBO Max drama "The Pitt" immerses viewers in the hour-by-hour struggles faced by the overworked-yet-superhuman emergency room staff at the fictional Pittsburgh Trauma Medical Center. CBS News chief medical correspondent Dr. Jon LaPook visits the series' hyper-realistic set at Warner Brothers Studios in Burbank, Calif. (where cast members undergo a two-week medical boot camp), and talks with star, writer, director and executive producer Noah Wylie about why the former "ER" actor returned to the medical drama genre. (The series just received 25 Emmy nominations, including Outstanding Drama Series, the most of any program.) [Originally broadcast Jan. 4, 2026.]
Technology
More Technology
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
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.
MSG tracked celebrities, WIRED reports
A major database breach at James Dolan's Madison Square Garden arena revealed an apparent internal list tracking nearly 40,000 celebrities, according to a new report from WIRED. The report alleges that surveillance labels included "LGBTQIA," "DO NOT HOST," and evaluated individuals on a "risk" level. MSG claims the report is inaccurate. WIRED contributing editor Noah Shachtman joins "CBS News 24/7" to discuss his reporting.
Breaking down the Texas app store age law
Earlier this week, the Supreme Court said it would allow Texas to enforce a law requiring app stores to verify users' ages while the issue plays out in the lower courts. CBS News legal contributor Jessica Levinson breaks down the constitutional question.
Science
More Science
Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
More Crime
Kansas woman convicted of double murder after three trials
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
Nolan Wells' parents speak out
Teen football player Nolan Wells was found dead on a Mississippi island days after he vanished during a July Fourth outing. Wells' parents are searching for answers, saying that they don't believe their son would have stayed behind on the island by choice.
Takeaways from weeklong Tyler Robinson hearing
The weeklong pre-trial hearing for the man accused of killing conservative activist Charlie Kirk wrapped up on Friday with the defense calling one final witness to the stand. CBS News legal contributor Jessica Levinson joins with analysis.
Indictments in White House UFC attack plot
Eight people have each been charged with conspiracy counts over a planned attack at the UFC event that was held at the White House in June. CBS News' Jake Rosen reports.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
More Latest Galleries
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Mini-pitches bringing soccer to new areas
With the World Cup boosting America's interest in the game, one organization is building hundreds of smaller soccer pitches across the country. Michael George shows how it's changed a New Jersey school in the shadow of MetLife Stadium, where the World Cup final will take place.
Museums catching World Cup fever
As World Cup teams head into the final stretch of the tournament, museums around the country are seizing on the renewed interest in soccer. There are special exhibits that explain aspects of the game that might surprise you. Bradley Blackburn reports.
Training World Cup fans on how to perform CPR
As the World Cup continues, the American Heart Association has a big goal of its own: to save lives with simple CPR training. Bradley Blackburn reports.
Extreme weather affecting millions across U.S.
More than 58 million Americans under weather alerts Sunday as wildfires burn in the west and severe thunderstorms impact large swaths of the country. Carter Evans reports and Andrew Kozak takes a look at the forecast.
World Cup down to final four teams
The World Cup has reached its final week with just four teams remaining: France, Spain, England and Argentina. Shanelle Kaul reports.