Stocks plummet after interest rate hike
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
Inflation
MoneyWatch: Impact of interest rate hike
The Federal Reserve announced its biggest interest rate increase in over 20 years. The 0.5% increase is in response to high levels of inflation in America. Ajay Rajadhyaksha, Global Chairman of Research at Barclays, joins "CBS News Mornings" to discuss the impact it will have on Americans and the motivations behind the Fed's move.
5/4: Red and Blue
Federal Reserve raising interest rates; Hawaii lawmakers pass bill to raise minimum wage
Democrats face challenges on abortion, economy
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
Fed raises interest rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserve raising interest rates to combat high inflation. She explains when prices may finally drop and what this means.
Fed hikes interest rates to fight inflation
The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.
Federal Reserve raises interest rates
The Federal Reserve has raised interest rates by half a percentage point. Megan Greene, global chief economist for the Kroll Institute, joined CBS News' Tanya Rivero and Mola Lenghi to discuss the Fed's decision.
Bank of America CEO on inflation, Fed meeting
Bank of America CEO and Chairman Brian Moynihan joins "CBS Mornings" to discuss possible Federal Reserve steps to reduce inflation and whether he thinks America is headed for a recession.
Inflation to rack up wedding planning costs
As the U.S. continues to deal with record inflation and supply-chain issues, those higher costs are affecting couples getting married. Deputy Editor at The Knot Esther Lee joins "CBS Mornings" to discuss how inflation is affecting wedding planning and tips on how to save money.
Complications behind funding for Ukraine
Additional funding for Ukraine could end up tied in with money for COVID-19 and immigration. Plus, what the White House is doing to address inflation and Title 42. CBS News congressional correspondent Nikole Killion and Washington Examiner political and investigative reporter Sarah Westwood join "Red and Blue" discuss.
U.S. economy takes a hit as stocks fall
April was the worst month for the stock market since the pandemic began. Meanwhile, inflation continues to impact household budgets. Michael George has the details.
Stocks dive as recession fears mount
Stocks plummeted Friday, driven in part by inflation worries, the direction of the U.S. economy and concerns about another short-term interest rate hike. Michael George has more.
Gas prices and GDP raise concerns
Gas prices are once again rising, with the national average now around $4.14 per gallon. Democrats are proposing new legislation to give the Federal Trade Commission increased authority to crack down on price gouging. CBS News chief White House correspondent Nancy Cordes joins "CBS News Mornings" to discuss.
U.S. economy takes another hit
The U.S. economy shrank in the first quarter of 2022, but American consumers and businesses kept spending despite high inflation and rising costs. Steve Odland, president and CEO of The Conference Board, joined CBS News to discuss the latest GDP data and its impact on consumers.
Inflation forces retirees to rejoin the workforce
Many retirees are struggling amid inflation. Rising prices are forcing some to reenter the workforce. Mark Strassmann has more.
MoneyWatch: Inflation and retirement planning
Inflation has hit a 40-year high, forcing employees and employers to adapt when planning for the future. Rebecca Walser, president of Walser Wealth Management, joins "CBS News Mornings" to explain what you can do to set yourself up for a comfortable retirement.
Small business owners report feeling inflation's squeeze
Small-business owners describe the economic landscape in the wake of the COVID-19 pandemic as a tale of two recoveries.
Lagarde says European inflation "a different beast"
Christine Lagarde, the president of the European Central Bank, says half of Europe's growing inflation is related to energy prices, which have "dramatically increased" due to the war in Ukraine.
U.S. food prices are likely to keep rising. Here's why.
As inflation surges, one Wall Street analyst expects U.S. food costs to continue rising this year and into 2023.
Fed looks to hike interest rates half a point as inflation soars
The Fed raised its rate by .25% in March, which some experts felt was not enough.
Netflix stock drops after subscriber loss
Netflix suffered its biggest stock loss in nearly two decades, losing more than $50 billion in market value. It comes after the streaming giant announced a loss of 200,000 subscribers last quarter. Carter Evans takes a look.
The cost of returning to the office
Many companies are calling employees back to an in-person work environment, and workers are now dealing with the costs of coming back to the office. Charisse Jones, a business reporter for USA Today, joins "CBS News Mornings" to discuss employees' financial concerns.
How rising inflation impacts businesses and families
CBS News' Mark Strassmann takes a closer look at how inflation, which reached another four-decade high of 8.5% in March, is impacting businesses and families across the country.
Inflations hits 40-year record in U.S.
Inflation hit a fresh 40-year record in March as U.S. consumer prices rose 8.5% from a year ago. Meanwhile, Russia is accused of using starvation as a weapon of war against Ukraine. CBS News chief foreign affairs correspondent and moderator of "Face the Nation" Margaret Brennan joins Lana Zak to discuss the latest.
Inflation at highest level since 1981
Inflation is at its highest point in the U.S. since 1981, and Americans are feeling it in everything from gas prices to the rising cost of food. CBS News reporter Sarah Ewall-Wice joins "Red and Blue" to discuss the impact.
Live
Tehran threatens to retaliate after U.S. attacks vital Iranian oil hub
President Trump said that other countries would join the U.S. in sending warships to the Strait of Hormuz, but did not share more specifics.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
Russian strike on Kyiv region kills 4 people and wounds at least 15
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
U.S.
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
MoneyWatch
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How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Chart shows what you're paying for when you buy a gallon of gas
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
High oil prices are boosting airfares. These tips could save you money.
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Toyota recalls 550,000 Highlander SUVs because seats may fail to lock
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Politics
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2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
HealthWatch
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
World
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U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Pope Leo moves into papal residence eschewed by Pope Francis
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Russian strike on Kyiv region kills at least 6 people and wounds dozens
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
Entertainment
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Entertainment
Why the paparazzi aren't what they once were
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.
Meet one of the last true paparazzi
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Oscars 2026 predictions
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Jay Buchanan performs "Deep Swimming"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Deep Swimming."
Jay Buchanan performs "Sway"
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Sway."
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Judge in Charlie Kirk murder case makes ruling on media access
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
FBI: Synagogue attacker died by suicide
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials give update on synagogue attack
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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
Watch: TSA lines amid DHS shutdown
Since the Department of Homeland Security shut down last month, Transportation Security Administration employees have been working without pay. Travelers around the U.S. saw long lines and delays as the agency grappled with staffing shortages and resignations.
Choke Point | Sunday on 60 Minutes
Iranian attacks on tankers and cargo ships have choked the flow of oil and goods through the Strait of Hormuz, a narrow passage connecting Persian Gulf oil producers to global markets. The disruption threatens to drive U.S. gas prices to record highs.
Two fired federal workers helping others like them
Two former federal workers are turning their firings into a movement to help others. Nikole Killion has their story.
Fliers facing long lines in U.S. amid DHS shutdown
Fliers in the U.S. experienced long lines at security as TSA agents worked without pay. Tim McNicholas has more on the major problems looming this spring break.
Why the paparazzi aren't what they once were
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.