Real estate market, interest rates shift
The real estate market in the U.S. may see some movement when the Federal Reserve Board makes a decision on potentially cutting interest rates in September. CBS News contributor J.D. Durkin has more.
Interest Rates
Inflation drops below 3% for first time since 2021
The Labor Department reported Wednesday that consumer prices rose just 2.9% in July, the first time the year-over-year inflation rate has dropped below 3% since March of 2021. However, despite the good economic data, for many Americans monthly expenses such as rent, auto insurance and electricity remain stubbornly high. Jo Ling Kent reports.
Inflation below 3% in new CPI report
Wednesday's release of the latest Consumer Price Index marks the first time inflation has been below 3% since 2021. CBS News contributor Javier E. David has more on the report and what it could mean for interest rates.
Key flags before stock market sell-off
The global stock markets sell-off that transpired Monday follows some key economic data reports that may have spooked some investors. CBS News senior business and technology correspondent Jo Ling Kent breaks down the other market flags about the U.S. economy to consider as a rebound appears to be developing.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Stock market suffering disastrous day
U.S. markets are taking a hit Monday with the Dow falling over 1,000 points to start the day and semiconductor stocks like Nvidia and Intel dipping over 7%. Overseas, Japan's market had the worst day in its history, dropping over 12%. CBS News contributor J.D. Durkin has more.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
Fed chair defends holding off on rate cuts
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
The Fed holds interest rates steady. Here's when to expect a cut.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
Federal Reserve holds interest rates steady
The Federal Reserve left the benchmark federal funds rate unchanged Wednesday. Experts still believe the Fed's September meeting could lead to cuts. CBS News business analyst Jill Schlesinger and CBS News contributor Javier David break down the decision.
Fed to make interest rate decision
Federal Reserve Chairman Jerome Powell will announce the agency's decision on interest rates Wednesday with cuts not yet expected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to discuss the Fed.
The Fed set to issue decision on interest rates. Here's what to expect.
The Federal Reserve is meeting July 30-31 to discuss its benchmark rate. Here's what economists say about the impact on your money.
Rents are cooling off, bolstering Fed's case for cutting rates
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Economic growth accelerates in 2nd quarter
The Commerce Department says the nation's gross domestic product, or GDP, rose at an annual rate of 2.8% from April through June. That's more than the 1.9% rate economists had expected for the second quarter. Jeff Stein, White House economics reporter for The Washington Post, joins CBS News to explain what the GDP growth says about the economy, and how the Federal Reserve could read the data.
How is the U.S. economy doing?
The U.S. economy grew more than expected in the second quarter of 2024, according to new data, although it is still down compared to the second half of last year. CBS News senior business and tech correspondent Jo Ling Kent breaks down the numbers.
U.S. economy grew more than expected
The U.S. economy grew more than expected in the second quarter of 2024, according to the latest gross domestic product data. Jeanna Smialek, a Federal Reserve and U.S. economy reporter with The New York Times, joins CBS News with more.
The story of 2 American economies
Two major stock indexes, the S&P 500 and Dow Jones Industrial Average, are up over 15% compared to a year ago. Financial analysts point to this as an example of the U.S. economy's health, but the benefits are not accessible to all Americans. CBS News' Lindsey Reiser explains.
Inflation slows more than expected in June
Labor Department data released Thursday showed the annual inflation rate cooled from 3.3% in May to 3% in June. That's lower than the 3.1% rate some economists had projected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to unpack the report.
Fed's Powell says "more good data" could open door to rate cuts
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
June jobs report and labor market change
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers and if they mean a potential interest rate cut in the fall.
What to look for in the U.S. government's June jobs report
Forecasters expect job numbers on Friday to show slower hiring in June, clearing the way for the Fed to cut interest rates later this year.
Americans priced out of housing market
Millions of Americans are being priced out of home ownership, according to a new study by the Harvard Joint Center for Housing Studies. Chris Herbert, managing editor with the center, joins CBS News with more details on the research.
The state of inflation in the U.S.
There are some indications that prices are falling in some parts of the U.S. economy. This comes after the Federal Reserve's announcement to hold interest rates steady for now. CBS News contributor Javier E. David looks at some key economic indicators as inflation slows slightly.
U.S.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Apple tech showcase today expected to unveil foldable iPhone
The tech giant is expected to reveal its first foldable iPhone, as well as the iPhone 18 and upgrades to other devices.
Teen rescued alive, 2 found dead after fishing boat capsizes off Alaska
A teen was found alive, clinging to a capsized fishing boat in the Bering Sea, after the vessel went missing over the weekend. Two other boaters were found dead.
12 key races that will determine who controls the Senate
Republicans are fighting to hold onto their majority in the Senate, where the GOP currently controls 53 seats. To take control, Democrats would need to net four seats in November's election.
Lindsay Clancy's attorney says he will ask for case to be thrown out
Kevin Reddington, the lawyer for Lindsay Clancy, said he will present a motion to dismiss on Sept. 29 at a previously scheduled status hearing.
MoneyWatch
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Apple tech showcase today expected to unveil foldable iPhone
The tech giant is expected to reveal its first foldable iPhone, as well as the iPhone 18 and upgrades to other devices.
Anthropic researcher says more than 10% chance AI "could kill all humans"
A top Anthropic researcher says there's more than a 10% chance AI "could kill all humans," after a colleague resigned over similar concerns.
Trump administration to ban some Canadian motorcycles, dairy, alcohol
The Trump administration moved Tuesday to ban imports of Canadian motorcycles, some dairy products and most types of alcohol starting later this month, intensifying the trade war between the two countries.
Apple event expected to debut foldable iPhone and new CEO John Ternus
Apple's Sept. 9 tech showcase is set to feature new CEO John Ternus unveiling its first foldable iPhone and the iPhone 18.
Bombardier caught in the crossfire of escalating U.S.-Canada feud
President Trump threatened to ban Bombardier sales in the U.S. as Canada's retaliatory tariffs take effect. Here's what to know about the aircraft maker.
Politics
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12 key races that will determine who controls the Senate
Republicans are fighting to hold onto their majority in the Senate, where the GOP currently controls 53 seats. To take control, Democrats would need to net four seats in November's election.
Trump gave $45,000 gift to Natalie Harp, 2 other aides
A White House spokesperson said in a statement on Wednesday that Mr. Trump "has a longstanding practice of giving Christmas gifts to people in his orbit."
First on CBS
Don Jr.'s VC firm rejects Rep. Raskin's accusations of "insider political influence"
Rep. Jamie Raskin launched an investigation last month into the president's son's investment firm and its "almost clairvoyant" business moves.
Rhode Island's governor faces formidable primary opponent
The incumbent governor and the mayor of Providence may be ousted by their Democratic challengers.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
HealthWatch
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How donating blood could reveal clues about your own health
Amid a national blood supply crisis, Dr. Courtney Lawrence sat down with Norah O'Donnell to talk about donating blood, health myths and more.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
NYC officials release unseen post-9/11 air quality documents
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
What is postpartum psychosis?
Experts discuss the symptoms, diagnosis and stigma surrounding postpartum psychosis (not to be confused with postpartum depression), a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy.
What is postpartum psychosis?
Postpartum psychosis (not to be confused with postpartum depression) is a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy. Correspondent Faith Salie talks with experts about the symptoms, diagnosis and stigma surrounding postpartum psychosis; and with a mother whose experience of hallucinations and distorted reality soon after giving birth threatened her and her family.
World
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Anthropic researcher says more than 10% chance AI "could kill all humans"
A top Anthropic researcher says there's more than a 10% chance AI "could kill all humans," after a colleague resigned over similar concerns.
"Exceptionally well-preserved" tomb of ancient judge found in Egypt
Many of the paintings in the tomb have retained their original colors despite spending more than 40 centuries buried beneath the desert sands, officials said.
Live
Oil hits $100 per barrel as U.S. and Iran launch new attacks
The price of crude oil hit a seven-week high after the U.S. said it blew up five more Iranian oil tankers, triggering retaliation from Tehran.
London police use tech to tackle masked phone snatchers
Police say fewer people in London are getting their phones stolen by criminals speeding by on bikes and mopeds thanks to a dedicated task force with an "eye in the sky."
U.S. envoy warns U.K. against new plan to sanction Israeli settlements
Britain and 11 other U.S. allies say they'll sanction trade with Israeli settlements in the West Bank, citing an "unprecedented level of settler violence."
Entertainment
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Entertainment
Insider details on New York Fasion Week
New York Fashion Week kicks off this week showing the Spring collections. Lauren Sherman has more on what to expect.
Busta Rhymes talks career and new album
Busta Rhymes sits down with "CBS Mornings" to talk about his new album, "Dillagence II," and J Dilla's legacy after the rapper's shocking death in 2006.
De Niro on 25 years of Tribeca Festival
Robert De Niro and his longtime business partner, Jane Rosenthal, join "CBS Mornings" to discuss founding the Tribeca Festival after the 9/11 attacks and a new Netflix documentary about the event, "Tribeca 25," which premieres Friday.
Stella Parton sits down with "CBS Mornings"
Stella Parton sits down with Gayle King for her first interview since her sister Dolly's death in late August. The full interview airs Thursday, Sept. 10, on "CBS Mornings."
Exclusive
Dolly Parton's sister shares why the country music star kept her cancer battle private
Dolly Parton died in Nashville on Aug. 25 at the age of 80 — a shock to fans around the world who weren't aware of her illness.
Technology
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Apple tech showcase today expected to unveil foldable iPhone
The tech giant is expected to reveal its first foldable iPhone, as well as the iPhone 18 and upgrades to other devices.
Anthropic employee says AI could kill humans
Anthropic researcher Jacob Coxon quit his job, alleging that neither Anthropic nor OpenAI is acting ethically and that the two tech giants are aware they are "gambling with our lives." CBS News' Jo Ling Kent has more on what you need to know.
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.
Ex-Anthropic researcher warns about AI
A former Anthropic researcher who recently resigned spoke out on social media, saying he thinks the current rate of unchecked AI development could "kill us all." Jo Ling Kent reports.
Anthropic researcher says more than 10% chance AI "could kill all humans"
A top Anthropic researcher says there's more than a 10% chance AI "could kill all humans," after a colleague resigned over similar concerns.
Science
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Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
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Crime
Breaking down Lindsay Clancy attorney's plans
Kevin Reddington, Lindsay Clancy's defense attorney, sat down with "CBS Mornings" on Wednesday, where he said he plans to ask for the case to be thrown out. Caroline Polisi breaks down his statements.
Lindsay Clancy's lawyer on her future
Lindsay Clancy's lawyer Kevin Reddington told "CBS Mornings" that he plans to file a motion for her case to be thrown out after her murder trial ended in a mistrial. CBS News' Shanelle Kaul reports.
Lindsay Clancy's attorney says he will ask for case to be thrown out
Kevin Reddington, the lawyer for Lindsay Clancy, said he will present a motion to dismiss on Sept. 29 at a previously scheduled status hearing.
Lindsay Clancy trial juror speaks out
The high-profile murder trial of Lindsay Clancy ended in a mistrial after jurors could not come to a unanimous decision on the verdict. Now, one juror is speaking about what went on during deliberations. CBS News' Jarred Hill reports.
Lindsay Clancy jurors speak out
Jurors from the Lindsay Clancy murder trial are speaking out after it was declared a mistrial last week. Shanelle Kaul reports.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Breaking down Lindsay Clancy attorney's plans
Kevin Reddington, Lindsay Clancy's defense attorney, sat down with "CBS Mornings" on Wednesday, where he said he plans to ask for the case to be thrown out. Caroline Polisi breaks down his statements.
Trump plans to ban some Canadian goods
Trade talks between the U.S. and Canada are disintegrating. The Trump administration plans to impose tariffs on some Canadian goods, including maple syrup, motorcycles and dairy products, amid a worsening tariff standoff. CBS News' Olivia Rinaldi has more.
Lindsay Clancy's lawyer on her future
Lindsay Clancy's lawyer Kevin Reddington told "CBS Mornings" that he plans to file a motion for her case to be thrown out after her murder trial ended in a mistrial. CBS News' Shanelle Kaul reports.
Insider details on New York Fasion Week
New York Fashion Week kicks off this week showing the Spring collections. Lauren Sherman has more on what to expect.
Busta Rhymes talks career and new album
Busta Rhymes sits down with "CBS Mornings" to talk about his new album, "Dillagence II," and J Dilla's legacy after the rapper's shocking death in 2006.