Fed hikes interest rates amid recession fears
The Federal Reserve made another move to try and tamp down rising prices by raising interest rates by 3/4 of a percentage point, the fourth hike this year. Kris Van Cleave shares the latest.
Inflation
Federal Reserve hikes key interest rate by another 75 basis points
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Federal Reserve to hike interest rates
Economists and investors are bracing for another aggressive rate hike from the Federal Reserve today. The expected move would mark the fourth rate increase this year. Frances Stacy, the director of portfolio strategy for Optimal Capital, joins CBS News' Tanya Rivero and Christina Ruffini to discuss the central bank's upcoming meeting and its significance.
Stocks rise after Fed announces second consecutive 0.75% hike
Strong financial results from Alphabet, Boeing and other corporate bellwethers helped lift investors' mood.
Fed to announce interest rate decision
The Federal Reserve is expected to announce the fourth interest rate increase of the year. They're hoping to curb inflation and prevent a recession. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Jericka Duncan with a closer look at how another rate hike might impact American consumers.
Blame inflation for the rising cost of a bacon, egg and cheese
At a bodega in the Bronx, the price for New Yorkers' favorite breakfast sandwich has increased by $2.
Federal Reserve preps rate hike announcement
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
U.S. stocks tumble over fears of another Fed rate hike
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Consumer confidence index falls again
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
Stocks sink after weak profit report from Walmart
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Yellen downplays recession risk ahead of key economic data
"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."
Biden's COVID-19 symptoms almost gone, doctor says
President Biden's COVID-19 symptoms have almost completely gone away, his doctor said. CBS News political correspondent Caitlin Huey-Burns joins CBS News' Lana Zak to discuss Biden's condition, plus the White House's response to monkeypox, the upcoming GDP numbers and the semiconductor chips bill.
Republican campaign ads hammer Democrats on inflation
Democrats have spent little on ads mentioning inflation and instead are focusing on proposals to lower costs as prices soar.
Another Fed interest rate hike expected
The Federal Reserve is expected to raise its benchmark interest rate again to combat inflation. Matt Schulz, chief credit analyst for LendingTree, joined CBS News' Tanya Rivero and Nikki Battiste to discuss what Americans should know ahead of the Fed's decision.
Some Florida families to get a $450 "inflation relief" check
One-time payments will help about 59,000 households in the state, including those on welfare.
Ukraine and Russia sign deal to get vital grain shipments moving again
The agreement should see Russia drop its blockade of Ukraine's ports, where millions of tons of food have been stuck, exacerbating a global food emergency.
Consumers paying $10,000 more than "normal" for used cars
Most used vehicles aren't depreciating due to low new car inventory and strong consumer demand, study finds.
Americans filing jobless claims at highest level in 8 months
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
7/20: CBS News Mornings
Dangerous heat wave hits U.S. and Europe; Package sizes for products get smaller as companies react to inflation
Dollar down after hitting parity with the euro
The U.S. dollar continues to retreat after reaching the equivalence of the euro for the first time in two decades last week. Joe Rennison, markets reporter for The New York Times, joins "CBS News Mornings" to discuss what this means for the global economy.
Consumers hit with "shrinkflation"
Packaging of daily household goods shrink, as shoppers pay the same for less. Carter Evans reports.
Most middle-class Americans can't support cost of living: survey
Inflation is walloping middle-income households, with many saying they are taking on more credit card debt to stay afloat.
7/19: Red and Blue
President Joe Biden weighs whether to make a climate emergency declaration; Emmett Till's home to receive landmark funds.
What's behind U.S. gas price fluctuations
CBS News' Tanya Rivero and Elaine Quijano sit down with Evan Halper, a business reporter for "The Washington Post," to discuss fluctuating gas prices. While gas prices have recently fallen, Halper talks about his new reporting about expectations that costs will spike again and others' reactions to the Biden administration's efforts to combat high energy costs.
CBS Evening News, July 15, 2022
Biden holds controversial meeting with Saudi crown prince; "CBS Evening News" viewers help raise $45,000 for family struggling to afford gas
Live
Trump says Iran must "pay the price" as war appears to reignite
The U.S.-Iran ceasefire appears to crumble as Trump says he's considering new strikes and Tehran will "pay the price" for not accepting a deal.
Bill Gates appearing before House committee investigating Epstein
Microsoft co-founder Bill Gates is sitting for a transcribed interview as revelations about his relationship with Epstein have rocked his philanthropic foundation.
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Trump signs $70 billion immigration bill, capping lengthy fight over ICE funding
President Trump signed a bill funding immigration enforcement agencies through the end of his term, bringing an end to a monthslong feud that exposed deep divisions on Capitol Hill.
Oversight chair working to have Blanche testify in Epstein probe
House Oversight and Reform Committee Chairman James Comer said he wants Acting Attorney General Todd Blanche to appear before lawmakers in July.
Honda recalls 880,000 vehicles over possible rear suspension issue
The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.
Trump asks Congress for short-term FISA extension amid impasse over Pulte role
President Trump said he's asking Congress to approve a short-term extension of a key spy authority to "provide time for the selection and confirmation of a permanent" director of national intelligence.
Texas teen sentenced to 35 years in prison for deadly stabbing at high school track meet
A Texas jury sentenced Karmelo Anthony to 35 years in prison for the 2025 Frisco track meet murder of 17-year-old Austin Metcalf.
Violent anti-immigration protests erupt in Belfast after stabbing attack
Despite calls for calm, masked anti-immigration protesters in Belfast set a bus, vehicles and some homes on fire in what one politician called "a race-based pogrom."
U.S.
More U.S.
Honda recalls 880,000 vehicles over possible rear suspension issue
The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.
Trump asks Congress for short-term FISA extension amid impasse over Pulte role
President Trump said he's asking Congress to approve a short-term extension of a key spy authority to "provide time for the selection and confirmation of a permanent" director of national intelligence.
Oversight chair working to have Blanche testify in Epstein probe
House Oversight and Reform Committee Chairman James Comer said he wants Acting Attorney General Todd Blanche to appear before lawmakers in July.
Alabama nitrogen gas executions are cruel and unusual punishment, judge says
A federal judge banned Alabama from executing an inmate by nitrogen hypoxia, calling the method unconstitutionally cruel.
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
MoneyWatch
More MoneyWatch
Honda recalls 880,000 vehicles over possible rear suspension issue
The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
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.
Politics
More Politics
Trump signs $70 billion immigration bill, capping lengthy fight over ICE funding
President Trump signed a bill funding immigration enforcement agencies through the end of his term, bringing an end to a monthslong feud that exposed deep divisions on Capitol Hill.
Trump asks Congress for short-term FISA extension amid impasse over Pulte role
President Trump said he's asking Congress to approve a short-term extension of a key spy authority to "provide time for the selection and confirmation of a permanent" director of national intelligence.
Oversight chair working to have Blanche testify in Epstein probe
House Oversight and Reform Committee Chairman James Comer said he wants Acting Attorney General Todd Blanche to appear before lawmakers in July.
Bill Gates appearing before House committee investigating Epstein
Microsoft co-founder Bill Gates is sitting for a transcribed interview as revelations about his relationship with Epstein have rocked his philanthropic foundation.
Nevada GOP Gov. Lombardo projected to face Democrat Ford in highly competitive race
Democrats are aiming to unseat Nevada GOP Gov. Joe Lombardo in one of the country's most tightly contested gubernatorial contests this year.
HealthWatch
More HealthWatch
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
More World
U.S. Embassy in Mexico warns Americans of safety risks ahead of World Cup
The U.S. Embassy said Americans traveling to Mexico for the World Cup should look at advisories for the region they will be visiting.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
Everest survivor out of intensive care: "I thought I would perish"
Left stranded in freezing temperatures near Everest's "death zone," the climber said he survived for days with almost no food or water.
"We're here to stay," says Israeli man risking bombs to sell burgers
Israeli restaurateur Yehezkel Schweiger tells CBS News why he's willing to brave daily Hezbollah attacks to bring customers a bit of joy.
Taliban says Pakistani airstrikes killed at least 13 in Afghanistan
Pakistan says it killed 26 militants in "precise and calibrated" strikes, but Afghanistan's Taliban rulers claim 11 children and a woman are among the dead.
Entertainment
More Entertainment
Entertainment
G Flip on song becoming a hit in "Off Campus"
Musician G Flip first rose to fame in Australia but has become a global star since their song "Bed of Fire" appeared in the series "Off Campus." They speak to "CBS Mornings" about how the song's popularity has impacted their music, family support and advice for young artists.
Amazon's best books of the year so far
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to reveal Amazon's best books of the year so far and why they made the list.
Pope Leo met with Bad Bunny in Spain
Pope Leo XIV met with music superstar Bad Bunny in Spain as the pontiff continues his multi-city tour. CBS News' Chris Livesay reports.
Taylor Swift wedding fuels prediction markets
Bettors have wagered millions of dollars on platforms like Polymarket and Kalshi as rumors swirl surrounding the wedding of Taylor Swift and Travis Kelce. Jo Ling Kent has more.
Broadway stars at the Tony Awards
Hollywood stars like Daniel Radcliffe and Rachel Dratch took to the stage this Broadway season. CBS News' Taylor Masi spoke with some of the stars at the 2026 Tony Awards.
Technology
More Technology
Technology
OpenAI announces plan to go public
Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest IPO ever. Jon Krohn, the co-founder and CEO of Y Carrot, joins CBS News to discuss.
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.
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.
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 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.
Science
More Science
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
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.
Crime
More Crime
Crime
Gates speaks out before Epstein testimony
Microsoft co-founder Bill Gates spoke to reporters on Capitol Hill Wednesday before testifying for members of the House Oversight Committee about his ties to convicted sex offender Jeffrey Epstein. CBS News' Taurean Small reports.
Inside the White House Epstein files reaction
The release of the Epstein files triggered a "freakout" inside the White House for President Trump's top advisers, a new report from The New York Times shows. CBS News' Nancy Cordes has more.
Pilot accused of flying without valid license
An Air Canada pilot is accused of flying 900 flights over 17 years without a proper license. The man used false documents after being promoted to captain in 2009 until his retirement last year, authorities said. He did have a valid commercial pilot license, but never got the license required to act as a captain.
Bill Gates testifying on ties to Epstein
Microsoft co-founder Bill Gates is expected to testify before members of the House Oversight Committee in a closed-door interview to discuss his ties to convicted sex offender Jeffrey Epstein. CBS News' Taurean Small reports.
Man convicted of fatal stabbing at track meet
A jury in Texas found 19-year-old Karmelo Anthony guilty of murder in a fatal stabbing of a fellow high school athlete. Jonah Kaplan reports.
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
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Trump: U.S. will hit Iran "hard" again
President Trump said Iran will "pay the price" for taking too long to negotiate a deal, adding that the U.S. will hit Iran "hard." This comes after a U.S. Apache helicopter was downed, sparking an exchange of fire. CBS News chief White House correspondent Nancy Cordes has the latest.
Trump sounds off on Iran
President Trump took questions during the Secure America Act bill signing in the Oval Office, where he said the U.S. will continue striking Iran and weighed in on Tuesday's Maine primary race. CBS News' Zak Hudak has more.
1999 Knicks player on "crucial" Game 4
Former New York Knicks center Chris Dudley helped his team reach the NBA Finals in 1999. Dudley joins CBS News 24/7 Mornings with his reaction as the Knicks prepare to face the San Antonio Spurs in Game Four of the finals.
Violent anti-immigration protests in Belfast
Violent anti-immigration protests erupted in Northern Ireland after a brutal stabbing attack. Authorities say a man from Sudan attacked another man with a kitchen knife on a street in Belfast. Protesters set homes and vehicles on fire and blocked roads.
Tim Ream on World Cup expectations
The World Cup kicks off on Thursday and the U.S. men's national team begins its quest against Paraguay on Friday, led by veteran defender Tim Ream. He speaks to "CBS Mornings" about expectations for the U.S. men's national team, his leadership and more.