Deutsche Bank forecasts U.S. recession
Deutsche Bank is forecasting the U.S. will see a recession next year. The company's Global Head of Economic Research Peter Hooper spoke with CBS News' Tanya Rivero and Mola Lenghi about the new report.
Inflation
Wall Street looks to recover losses
Inflation and rising interest rates are affecting stocks and increasing fears about a possible U.S. recession. Joe Saluzzi, co-founder and partner with Themis Trading, joined CBS News to discuss what to expect from the markets in the coming weeks.
Possibility of economic recession looms
The possibility of a recession is looming large, as the Federal Reserve raises interest rates in the hopes of driving down inflation. President Joe Biden's critics argue he's not doing enough to address the issue and say rate hikes could cause more economic turmoil. Rick Newman, senior columnist with Yahoo Finance, joined CBS News to discuss some ways to lower consumer costs and prevent an economic downturn.
MoneyWatch: What report says about economy
The U.S. added 431,000 jobs in March as the unemployment rate dropped to 3.6%. Friday's jobs report also showed wages grew 5.6% in the past year. Sarah House, a senior economist at Wells Fargo, joined CBS News after the closing bell on Wall Street to discuss what this signals for the future of the U.S. economy.
Rents rising across the U.S.
Rent in the U.S. is rising at the fastest rate in decades. According the Washington Post, the average cost of rent increased 11.3% in 2021. Washington Post U.S. economy reporter Ahba Bhattarai joins CBS News to discuss what is causing the increase and who is most impacted by it.
MoneyWatch: Markets tumble after rate hike
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
Businesses' hidden inflation fees
Amid historic inflation many companies are using hidden fees to increase profits. CBS News MoneyWatch reporter Irina Ivanova has more on how consumers can combat surprise charges.
Jobs report shows stronger growth
The U,S. added 372,000 new jobs in the month of June according to the latest report from the Labor Department. Axios business reporter Hope King joined CBS News to discuss this stronger than predicted growth.
April jobs report is "good news" for economy
Wendy Edelberg, director of The Hamilton Project and senior fellow at Brookings, joins CBS News at the closing bell Friday to discuss what's driving the market. She also explains why she thinks the April jobs numbers are a good sign for the U.S. economy.
Stock market and inflation concerns
Sarah Henry, managing director and portfolio manager at Logan Capital Management, joins CBS News at the closing bell on the New York Stock Exchange to break down what's driving the market, and how inflation is impacting consumers.
Yellen: inflation hit "unacceptable levels"
In MoneyWatch, Treasury Secretary Janet Yellen is testifying before the Senate Finance Committee today. Her appearance on Capitol Hill is slated to discuss the Biden administration's plans for the 2023 fiscal budget. Reuters Senior Correspondent Andrea Shalal joins CBS News for more.
MoneyWatch: Fed announces interest rate hike
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
Inflation's impact on retirement funds
New figures from the Bureau of Labor Statistics show inflation slowed in April for the first time since August. But the Dow ended the day down more than 300 points. Michael Rosen, managing partner and chief investment officer at Angeles Investments, joins CBS News to discuss the impact inflation coupled with the falling stock and bonds markets have had on Americans' pensions and retirement funds.
Recession fears and employment trends
CBS News' Tanya Rivero and Elaine Quijano discuss the current state of the economy with Frances Stacy, the director of portfolio strategy at Optimal Capital. She talks about what's driving the markets, a recent report released by the U.S. Department of Labor, and rising recession concerns.
Small businesses struggle with inflation
The U.S. Commerce Department reported last month that major corporations were extremely profitable in 2021. But small business owners say they are struggling to compete as prices continue to rise. CBS News reporter Sarah Ewall-Wice joins Elaine Quijano to discuss.
Stock market hit by inflation fears
Stock markets tanked early Friday after news that May's Consumer Price Index rose more than economists expected. Melissa Armo, founder and owner of The Stock Swoosh, LLC, joined CBS News to discuss the market's reaction to rising inflation.
U.S. adds 431,000 jobs in March
The U.S. added 431,000 jobs in the month of March, a sign the economy is continuing to rebound and the job market is growing. Gargi Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, joined CBS News to break down the data.
MoneyWatch: Small businesses on the brink
In MoneyWatch, a new survey conducted by Goldman Sachs 10,000 Small Businesses Voices initiative reveals that 79% of small business owners are concerned about the ongoing pandemic while 13% say they have been forced to temporarily close or scale back operations during the pandemic. Joe Wall, national director for Goldman Sachs 10,000 Small Businesses Voices, joins CBS News to discuss.
Mortgage rates at highest level since 2009
Mortgage rates in the U.S. are at their highest level since 2009. The average for a 30-year loan jumped a tenth of a percent last week to 5.2%. Mike Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, joined CBS News' Tony Dokoupil and Tanya Rivero to discuss.
Business owners' fears of a recession grows
A new survey by Goldman Sachs shows 93% of small business owners fear a recession is coming, and most are already feeling the effects of inflation. David Nelson, chief strategist at Belpointe Asset Management, tells CBS News even if the U.S. enters a recession, it will be mild compared to past economic downturns.
What to expect from Tuesday's consumer report
The Conference Board will release its latest consumer confidence survey Tuesday, detailing the attitudes of consumers across the country. CBS News' Tony Dokoupil and Tanya Rivero sit down with Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Program, about what to expect from that report as well as another consumer price measure being released later this week.
Inflation hit 9.1% in June, highest rate in nearly 41 years
According to the Labor Department, inflation hit a fresh 40-year record last month with consumer prices increasing 9.1% over the last 12 months. CBS News correspondent Nancy Chen reports on how rising prices are affecting people across the country. Then, Joe Brusuelas, principal and chief economist for RSM, joins CBS News' John Dickerson to discuss the latest numbers.
MoneyWatch: Market recap for June 27th, 2022
All three major stock market indexes showed some volatility on Monday, with the Dow Jones down about 60 points at the end of the afternoon following early gains in the morning. Jeanna Smialek, a reporter covering the Federal Reserve and the economy at The New York Times, discussed factors driving the current market and how the Fed is working to combat inflation on CBS News.
U.S. stocks drop to end a volatile month
U.S. stocks dropped Friday to cap off a turbulent month for financial markets. CBS News' Mola Lenghi and Michelle Miller talk with Megan Cassella, an economics and policy reporter for Barron's magazine, about what's driving the markets, inflation in the U.S., and the significance of the economy shrinking last quarter.
MoneyWatch: Major stock indexes down Monday
Major stock indexes dropped Monday but Mark Hamrick, senior economic analyst at Bankrate, says the market is still rallying from losses earlier in the year and discusses why a recent inflation expectations report could be a good sign for the Federal Reserve.
Live
U.S. launches retaliatory strikes for downing of Apache helicopter
The two helicopter pilots were uninjured. After the retaliatory strikes were announced, President Trump said, "I believe the response should be very strong, very powerful."
Hilton to face Becerra for California governor, CBS News projects
Republican Steve Hilton, a former Fox News host and adviser to former British Prime Minister David Cameron, will advance to November's general election in the race to become California's next governor, CBS News projects.
House passes pro-union bill after 20 Republicans defy party
It's the seventh time this session that a discharge petition has secured the necessary 218 signatures to force a vote on legislation.
House passes $70 billion bill to fund ICE for rest of Trump's term
The House passed Republicans' $70 billion bill to fund immigration enforcement agencies for the rest of the Trump administration.
Trump stands by decision to name Pulte to intel role despite revolt in Congress
Bill Pulte will begin serving as acting director of national intelligence in a week and a half, President Trump said, effectively standing by his decision to name the housing regulator and Trump loyalist.
Texas teen found guilty of murder in stabbing at high school track meet
The trial of Karmelo Anthony centered on whether he acted in self-defense when he fatally stabbed Austin Metcalf at a Frisco ISD track meet in 2025.
Vance: Iran deal could happen in a week or months from now
In an interview airing on "CBS Sunday Morning," Vice President JD Vance said the U.S. will reach a deal with Iran before November's midterm elections.
FEMA overhaul would make disaster aid harder to access, analysts warn
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
Platner seeks Democratic nomination to take on Sen. Collins in closely watched race
Maine Democrat Graham Platner is seeking to make the nomination official to take on Republican Sen. Susan Collins in November.
U.S.
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House passes pro-union bill after 20 Republicans defy party
It's the seventh time this session that a discharge petition has secured the necessary 218 signatures to force a vote on legislation.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Watchdog finds waste and unsanitary conditions at ICE facility inside Fort Bliss
From August 2025 to March 2026, an immigrant detention facility at Fort Bliss Army base suffered a host of serious incidents, including two deaths that were investigated by the Government Accountability Office.
May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Many soccer fans excited about U.S. hosting World Cup, CBS News poll finds
The U.S. being a host country for the World Cup generates interest among fans, but less so among those who are not soccer fans.
MoneyWatch
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May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Here's the retirement challenge nobody talks about
Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know.
A bidding war is underway for the world's oldest bank
Banca Monte dei Paschi di Siena has been operating for well over 500 years, and some Italian officials reportedly want to ensure it stays in Italian hands.
Social Security's insolvency date is projected for end of 2032
Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
Meta launches program to train workers for data center jobs
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
Politics
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Hilton to face Becerra in election for California governor, CBS News projects
Republican Steve Hilton, a former Fox News host and adviser to former British Prime Minister David Cameron, will advance to November's general election in the race to become California's next governor, CBS News projects.
House passes pro-union bill after 20 Republicans defy party
It's the seventh time this session that a discharge petition has secured the necessary 218 signatures to force a vote on legislation.
Trump stands by decision to name Pulte to intel role despite revolt in Congress
Bill Pulte will begin serving as acting director of national intelligence in a week and a half, President Trump said, effectively standing by his decision to name the housing regulator and Trump loyalist.
FEMA overhaul would make disaster aid harder to access, analysts warn
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
Watchdog finds waste and unsanitary conditions at ICE facility inside Fort Bliss
From August 2025 to March 2026, an immigrant detention facility at Fort Bliss Army base suffered a host of serious incidents, including two deaths that were investigated by the Government Accountability Office.
HealthWatch
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HealthWatch
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
World
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Vance: Iran deal could happen in a week or months from now
In an interview airing on "CBS Sunday Morning," Vice President JD Vance said the U.S. will reach a deal with Iran before November's midterm elections.
Dozens of 7,000-year-old headless human skeletons found in ditch
Researchers have discovered dozens of headless human skeletons in a ditch in Slovakia, which they believe date back 7,000 years.
Ukraine winning war with Russia, retired U.S. generals say
Several retired U.S. generals and the former director of a U.S. intelligence agency told CBS News they believe Ukraine now has the upper hand in the war with Russia.
Afghan Taliban forces open fire at protest sparked by dress code arrests
Afghanistan's Taliban rulers deny shooting at protesters and claim no women or girls have been arrested because they're all following strict dress code rules.
A bidding war is underway for the world's oldest bank
Banca Monte dei Paschi di Siena has been operating for well over 500 years, and some Italian officials reportedly want to ensure it stays in Italian hands.
Entertainment
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Entertainment
Logan Marshall-Green on "Killing Castro"
"Marshals" actor Logan Marshall-Green joins CBS News 24/7 Mornings to discuss his recent work on "The Odyssey," "Boiúna: Legend of the Amazon" and "Killing Castro."
Expert on UAPs, Spielberg's "Disclosure Day"
Garry Nolan, a professor of pathology at Stanford University School of Medicine and the executive director of the board for The Sol Foundation, joins CBS News 24/7 to discuss Steven Spielberg's new movie, "Disclosure Day," and its exploration of the existence of aliens on Earth.
Biggest winners from the 79th Tony Awards
CBS News New York's Dave Carlin breaks down the biggest wins and performances from the 79th Tony Awards.
Steven Spielberg talks "Disclosure Day"
Oscar-winning director Steven Spielberg talks to CBS News about his 34th feature film, "Disclosure Day," which explores what would happen if all of the evidence about UFOs and alien life was released to the entire world and proved we are not alone. He also discusses his opinion on aliens, saying they "have been here and they are here."
Highlights from the Tony Awards
At Broadway's biggest night, "Schmigadoon!" took home the award for best musical. Meanwhile, "Arthur Miller's 'Death of a Salesman'" won six Tony Awards, the most of the night. Jamie Wax has more on the winners and top moments.
Technology
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Meta launches program to train workers for data center jobs
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
New Apple features to keep kids safe
Apple is rolling out an update with new parental controls to help navigate screen time and keep kids safe. Jo Ling Kent explains the changes.
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 buy SpaceX shares as its blockbuster IPO readies for liftoff
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
Can an AI agent cover for you while you're at the beach?
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
Science
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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.
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Crime
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Crime
Nick Reiner seeks trust fund release
Nick Reiner, who's accused of killing his parents, Rob and Estelle Reiner, last December, wants a judge to order the release of money from his trust fund. Carter Evans reports.
Karmelo Anthony found guilty of murder
Emotions were high after a jury in Texas found 19-year-old Karmelo Anthony guilty of murder in the fatal stabbing of 17-year-old Austin Metcalf at a high school track meet last year. Immediately after the verdict, tension erupted outside the courthouse. Jonah Kaplan reports.
Details on Karmelo Anthony's sentencing
A jury on Tuesday found Karmelo Anthony, 19, guilty of murder for the 2025 stabbing of 17-year-old Austin Metcalf at a Texas track meet. CBS News correspondent Jonah Kaplan reports.
Karmelo Anthony convicted of murder in stabbing
Karmelo Anthony was convicted of murder Tuesday for the 2025 stabbing of 17-year-old Austin Metcalf at a Texas track meet. CBS News Texas reports.
Charlotte train stabbing suspect found incompetent
Decarlos Brown Jr, the man accused of fatally stabbing Ukrainian refugee Iryna Zarutska on a Charlotte, North Carolina, light rail train, has been ruled incompetent for trial "at this time." CBS News correspondent Shanelle Kaul has more.
Space
More Space
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.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
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
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
Texas BBQ restaurants losing money due to beef costs
Beef is so expensive right now that barbecue joints are losing money on brisket and trying to steer customers to other choices. CBS News' Jason Allen reports.
Nick Reiner seeks trust fund release
Nick Reiner, who's accused of killing his parents, Rob and Estelle Reiner, last December, wants a judge to order the release of money from his trust fund. Carter Evans reports.
High-stakes Democratic primary in Maine
Voters headed to the polls in Nevada, South Carolina, North Dakota and Maine, which features a nationally-watched U.S. Senate race. As Democrats try to win back the Senate in November, their candidate in Maine has admitted to a sexting scandal and is now fighting off allegations from several former girlfriends. Caitlin Huey-Burns has more.
U.S. military says it fired new strikes in Iran
The U.S. military said it carried out new strikes on Tuesday in Iran after the downing of a U.S. Apache helicopter by Iran. The crew was carried to safety aboard an American drone boat. Charlie D'Agata has more on the crew's rescue.