Investors mull latest interest rate hike
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
Interest Rates
Home flipping profits decline
New data shows home flipping in the United States is still popular, but last year the practice saw its lowest profits since 2008. CBS MoneyWatch reporter Khristopher Brooks joins Errol Barnett and Elaine Quijano to discuss the trends.
U.K. interest rates at 15-year high
The Bank of England has raised interest rates to their highest level in 15 years. CBS News anchors Meg Oliver and Errol Barnett spoke with foreign correspondent Imtiaz Tyab about what this means for residents and the economy.
Stocks rally despite banking concerns
Stocks closed in the green one day after the Federal Reserve announced a quarter-point interest rate hike. Washington Post economics reporter Rachel Siegel joined CBS News to discuss what the move means for investors.
Impact of Fed raising interest rates again
The Federal Reserve raised interest rates another quarter-point in an effort to ease inflation. In the U.K., the Bank of England also raised rates. CBS News contributor and Axios managing editor for business and markets Javier David discusses the impact with anchors Anne-Marie Green and Vlad Duthiers.
Federal Reserve raises interest rates
The Federal Reserve is raising interest rates again in an effort to ease inflation. The quarter-point hike comes amid increased concern over the U.S. banking system. CBS News political correspondent Caitlin Huey-Burns joins "Red and Blue" to discuss the White House's response.
Fed hikes rates despite banking turmoil
The Federal Reserve is raising its key interest rate 0.25 percentage point. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson on Prime Time to discuss the Fed's decision.
Wall Street's reaction to rate hike
CBS News reporter Sarah Ewall-Wice and host of "TheStreet" J.D. Durkin join Errol Barnett and Lana Zak to discuss the latest interest hike announced by the Federal Reserve.
Fed hikes interest rates despite banking woes
The Federal Reserve raised interest rates by a quarter of a percentage point, despite several recent bank failures. The Fed signaled that the wave of rate hikes may be nearing an end. Caitlin Huey-Burns takes a closer look.
Federal Reserve hikes its key interest rate a quarter point
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Fed raises interest rates a quarter point
The Federal Reserve raised interest rates by one quarter of a percentage point at its meeting today. CBS News political correspondent Caitlin Huey-Burns, CBS News contributor and managing editor for business and markets for Axios Javier David, and host of "TheStreet" J.D. Durkin joins us with more on the impact and the reaction.
What to expect from today's Fed meeting
The Federal Reserve will decide whether it needs to boost interest rates again at a meeting Wednesday. Inflation still remains high, but the nation's recent banking crisis is causing concern over how the Fed should respond. CBS News senior White House and political correspondent Ed O'Keefe has more, and then Ann Berry, the founder of Threadneedle Strategies, joins CBS News to discuss the next steps for the Fed.
Fed set to make pivotal decision on rates
The Federal Reserve is widely expected to raise interest rates for ninth time in roughly the span of a year today. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to discuss what analysts are anticipating and the significance of the central bank's forthcoming decision.
Federal rate hikes are impacting car loans
As the Federal Interest rates hike up, the auto industry fears for its future. Most Americans depend on cars to get around, but high price tags and rising interest rates make owning one increasingly out of reach. Nancy Chen reports.
All eyes on the Fed's interest rate decision
The central bank is meeting this week to decide whether to continue raising interest rates as the banking system remains unsettled. Mark Zandi, a chief economist of Moody's Analytics, joined John Dickerson on "Prime Time" to discuss.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
White House tries to ease banking fears
The Federal Reserve is expected to announce another round of interest rate hikes while simultaneously dealing with a major banking crisis. Ed O'Keefe joins "CBS News Mornings" to explain how the White House is trying to ease concerns.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
Stocks close higher despite banking turmoil
Stocks closed higher on Monday after coordinated action from the Federal Reserve and other leading central banks to restore confidence in the banking system. Chief economist at the Conference Board, Dana Peterson, joins CBS News's John Dickerson to discuss.
SVB parent company files for bankruptcy
Silicon Valley Bank's parent company filed for Chapter 11 bankruptcy this morning. Lauren Hirsch, business and policy reporter for The New York Times, joined CBS News to discuss how this move is different from the regional bank's collapse, and the state of the U.S. banking system in the wake of the First Republic aid package.
Rescue plan announced for First Republic Bank
A group of 11 major banks were working on a $30 billion rescue plan for First Republic Bank on Thursday. Also, Treasury Secretary Janet Yellen told senators the banking system "remains sound" in the wake of the recent failures of Silicon Valley Bank and Signature Bank. Robert Schein, chief investment officer for Blanke Schein Wealth Management, joined Elaine Quijano and Lana Zak to discuss.
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.
Inflation cools as Fed weighs interest rates
The Consumer Price Index report for February indicates inflation is cooling off. The new numbers were released a few days after Silicon Valley Bank and Signature Bank failed, and ahead of a Federal Reserve meeting on interest rates next week. Megan Greene, the global chief economist at Kroll, joins CBS News to discuss.
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.
House votes to rein in Trump on Iran as war loses GOP support
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
Trump expected to nominate Todd Blanche as permanent attorney general
President Trump is expected to nominate Acting Attorney General Todd Blanche to serve in the role permanently, several sources familiar with the matter told CBS News.
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Iran attacks Kuwait airport as Israel, Lebanon reach tentative ceasefire
Israel and Lebanon agreed Wednesday to renew their fragile ceasefire and create a number of "pilot" security zones inside Lebanon where Hezbollah would be banned.
Bessent testifies he told Pulte he was "going to kick his a**," not punch him
Bill Pulte, President Trump's pick for acting director of national intelligence, is being met with some skepticism on Capitol Hill.
Israel and Lebanon agree to renew ceasefire if Hezbollah cuts off attacks
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
Senate advances reconciliation bill, dropping ballroom funds
Senate Republicans moved forward with a package to fund the Department of Homeland Security's immigration agencies Wednesday.
Flesh-eating New World screwworm found in Texas calf, USDA says
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
SPLC asks judge to weigh sanctions against DOJ for sending out unsigned indictment copy
The Southern Poverty Law Center asked a judge to consider sanctioning federal prosecutors, after the DOJ shared an unsigned and unstamped copy of a superseding indictment with members of the media.
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.
U.S.
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Ohio State reaches $100 million settlement over school doctor accused of sex abuse
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
Flesh-eating New World screwworm found in Texas calf, USDA says
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
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.
Victim of "horrifying" Chelsea murder identified after 26 years
"Chelsea Jane Doe" has been identified as Tiffany Bradley of Pennsylvania.
American Airlines suspends 6 routes because of high jet fuel costs
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
MoneyWatch
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American Airlines suspends 6 routes because of high jet fuel costs
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
Ford recalls nearly 420,000 vehicles over faulty seat belts
Safety watchdog said seat belts in certain Ford Expedition and Lincoln vehicles may inadvertently lock, preventing them from functioning properly.
These are the best airlines in 2026, according to The Points Guy
The Points Guy's annual ranking gives extra weight to affordability this year as higher fuel costs and airline fees squeeze travelers.
Outback Steakhouse sued for $1.5M over alleged mashed potato slip-and-fall
A Virginia woman alleges she suffered serious injuries after slipping on what appeared to be mashed potatoes at an Outback Steakhouse.
Social Security checks could be cut by $500 a month in 2032, report finds
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
Politics
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Trump expected to nominate Todd Blanche as permanent attorney general
President Trump is expected to nominate Acting Attorney General Todd Blanche to serve in the role permanently, several sources familiar with the matter told CBS News.
SPLC asks judge to weigh sanctions against DOJ for sending out unsigned indictment copy
The Southern Poverty Law Center asked a judge to consider sanctioning federal prosecutors, after the DOJ shared an unsigned and unstamped copy of a superseding indictment with members of the media.
Israel and Lebanon agree to renew ceasefire if Hezbollah cuts off attacks
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
House votes to rein in Trump on Iran as war loses GOP support
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
Connie Chan and Scott Wiener advance in race to succeed Pelosi, CBS News projects
Voters in San Francisco on Tuesday advanced San Francisco Supervisor Connie Chan and state Sen. Scott Wiener in the race to succeed former House Speaker Nancy Pelosi in California's 11th Congressional District, CBS News projects.
HealthWatch
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Upcoming billing change could make pregnancy pricier
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
Possible flesh-eating screwworm case in Texas, USDA says
A possible case of the flesh-eating New World screwworm is being investigated in Texas, the USDA reported Wednesday.
WHO massively scales back number of suspected Ebola cases in Congo
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
Details on promising pancreatic cancer drug
A new drug was shown in trials to keep pancreatic cancer patients alive for twice as long as chemotherapy alone. Dr. Jon LaPook has more.
A nurse stole fentanyl and AI missed it, state records say
Sentri7, drug diversion software powered by artificial intelligence and used at hundreds of U.S. hospitals, did not catch a monthslong string of fentanyl thefts in Tennessee in 2025, according to a state document.
World
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Israel and Lebanon agree to renew ceasefire if Hezbollah cuts off attacks
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
North Korea announces opening of a new nuclear facility
State media photos showed what appeared to be a large centrifuge hall, indicating the plant is likely used to enrich weapons-grade uranium.
House votes to rein in Trump on Iran as war loses GOP support
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
8 bagged bodies found with note in narco-trafficking hotspot
The discovery comes in the midst of a U.S.-backed military crackdown on the organized crime gangs in Ecuador.
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.
Entertainment
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Entertainment
Jon Hamm talks "Your Friends & Neighbors"
Jon Hamm previews "Your Friends & Neighbors" season 2 finale, saying "it is satisfying" and provides some answers for fans. He also talks about the relatability of the show's characters and reflects on "Mad Men."
André De Shields on Tony nomination
André De Shields speaks to "CBS Mornings" about starring in "Cats: The Jellicle Ball," which is a reimagining of Andrew Lloyd Webber's classical musical told through the lens of ballroom culture. De Shields talks about bringing ballroom to Broadway and his latest Tony nomination.
Tribeca at 25: NYC festival celebrates music, Broadway and New York stories
The 25th edition of the film and media festival opens on Wednesday, showcasing more than 100 world premiere documentaries and narrative features, as well as short films, live music, podcasts and conversations with leading entertainment figures.
Analyzing the YouTuber-to-filmmaker boom
The sci-fi horror flick "Backrooms" was the number one movie in the U.S. as of Tuesday. The filmmaker behind the movie, 20-year-old YouTuber Kane Parsons, is now the youngest director with a number one film globally. Brooks Barnes, The New York Times' chief Hollywood correspondent, joins "The Daily Report" to discuss.
Peabo Bryson, singer known for Disney movie hits, dies at 75
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
Technology
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Technology
ChatGPT user describes AI-fueled delusions
CBS News spoke with five people who say they were led to believe they had developed an emotional connection to an AI chatbot. They are now involved in a digital support group for people who say they experienced AI-fueled delusions or spirals. ChatGPT user Micky Small joins "The Daily Report" to share her experience.
OpenAI CEO meets with lawmakers on Capitol Hill
OpenAI CEO Sam Altman met with Republican and Democratic lawmakers on Wednesday to oppose proposals that would require developers to obtain government approval before releasing new artificial intelligence models. Jordan Rae Kelly, former director for cyber incident response on the National Security Council, joins with analysis.
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.
Microsoft VP explains its AI assistant Scout
Microsoft announced a slew of new AI products during its annual Microsoft Build developers conference in San Francisco. Scott Hanselman, a Microsoft vice president, speaks with CBS News about the product.
Meta unveils new AI business agent
Businesses can now expand their AI customer service with Meta's help. Senior technology reporter Abrar Al-Heeti joins CBS News to talk about that and some of the other big tech stories of the day.
Science
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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.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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3 shot at high school graduation outside Sacramento, officials say
Three people were shot at a high school graduation ceremony near Sacramento, officials said.
Ohio State reaches $100 million settlement over school doctor accused of sex abuse
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
Coast Guard searching in Lynette Hooker case
A team of specialized Coast Guard divers and investigators have been searching the Sea of Abaco in the Bahamas for missing Michigan mother Lynette Hooker. Cristian Benavides reports.
FBI kills hostage-taker in California
A 15-hour standoff at a bank building in Bakersfield, California, ended Wednesday after all hostages were freed and the suspect was killed by the FBI. Jonathan Vigliotti reports.
Details on suspect in bank hostage standoff
All hostages are safe and a suspect is dead after an hourslong standoff at a bank in California, police said on Wednesday. CBS News correspondent Carter Evans has the details.
Space
More Space
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.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Blue Origin assesses impact of New Glenn explosion
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
Blue micromoon makes rare appearance this weekend
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
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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
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Who is Alix Tichelman?
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Latest CBS News Videos
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Latest CBS News Videos
ChatGPT user describes AI-fueled delusions
CBS News spoke with five people who say they were led to believe they had developed an emotional connection to an AI chatbot. They are now involved in a digital support group for people who say they experienced AI-fueled delusions or spirals. ChatGPT user Micky Small joins "The Daily Report" to share her experience.
U.S.-Iran tensions on rise
Over the past 24 hours, the U.S. and Iran have executed some of the most intense fighting since the ceasefire went into effect, and unlike other cases where military targets were hit, a civilian area came under fire. CBS News national security analyst Aaron MacLean has more.
State of primary ballot count in California
Election results from California's primary races were still coming in on Wednesday. CBS News' Anthony Salvanto has the latest on the races.
Video store sees new demand for VHS tapes, DVDs
A Brooklyn video store is going old school and it's drawing a new generation of movie fans. Evyn Moon shows how DVD and VHS are making a comeback as people trade algorithms for aisle browsing.
6/3: The Takeout with Major Garrett
House passes measure that would rein in Trump on Iran; Trump says Iran talks are ongoing despite recent attack.