How interest rates affect the tech industry
As tech companies cutting thousands of jobs this month, CBS News correspondent Vladimir Duthiers discusses how the Federal Reserve's interest rate hikes have contributed to the industry's financial woes.
Interest Rates
Experts predict lower housing prices
Many real estate experts say they expect to see lower housing prices in 2023. CBS News' Tony Dokoupil and Lilia Luciano are joined by Kenny Simpson, mortgage adviser for The Simpson Team, to discuss the market trends.
U.S. economy is slowing to stall speed, recession gauge shows
Conference Board index has fallen 10 months in a row, indicating a recession is likely sometime this year.
Treasury takes action as U.S. hits debt ceiling
The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking "extraordinary measures" to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more.
U.S. expected to hit debt ceiling next week
U.S. Treasury Secretary Janet Yellen told Congress on Friday that she expects the country to hit the debt ceiling next Thursday. The government will then resort to "extraordinary measures" to avoid default. Gregory Daco, chief economist at EY-Parthenon, joined CBS News to discuss that and other financial news.
Americans' car debt reached $1.5 trillion
Americans owed more than $1.5 trillion on their car loans in the third quarter. New York Times business reporter Jack Ewing joins CBS News' Debra Alfarone to discuss a potential car bubble, inflation and rising interest rates and advice for consumers.
Consumer Price Index rose 6.5%
Consumer Price Index rose 6.5% in the month of December. Javier David, managing editor of business and markets at Axios, joins CBS News with the significance of this report and overall health of the economy.
World Bank cuts 2023 global growth projection
As high inflation elevates the risk of a worldwide recession, the World Bank has lowered its growth forecast for the global economy. Paul Hannon, a reporter for The Wall Street Journal, joined "CBS News Mornings" to discuss.
Americans turn to credit cards amid inflation
More Americans are carrying credit card debt, which could affect the future of their finances. Ted Rossman, senior industry analyst for Bankrate, joins CBS News with some tips on how to control debt amid high inflation.
U.S. hiring remained resilient in December
New government data shows the U.S. added 223,000 jobs in December while unemployment fell to a 50-year low of 3.5%, as the Federal Reserve raises interest rates to the highest level in 15 years in an effort to cool the economy and tamp down inflation. Errol Barnett and Elaine Quijano break down the numbers with CBS News reporter Sarah Ewall-Wice.
U.S. added 223,000 jobs in December
CBS News contributor Javier David joined Anne-Marie Green and Vladimir Duthiers with to discuss the latest jobs report, which shows U.S. employers added 223,000 jobs in December.
Stock market dips after strong jobs report
Unemployment fell to a three-month low as the private sector added roughly 235,000 jobs. Kristin Myers, editor-in-chief of The Balance, joins CBS News to look at what's driving the economy and what's worrying investors.
U.S. jobless claims lowest since September
A new Labor Department report shows new jobless claims fell to 204,000 in the final week of 2022. That is the lowest number since September. But the numbers are not necessarily good news for the Federal Reserve as it tries to cool the economy. CBS News' Errol Barnett and Lana Zak are joined by Gregory Daco, chief economist at EY-Parthenon, to discuss the economic trends.
12/11/2022: The Treasury Secretary, Suing Social Media, College of Magic
Janet Yellen on recession fears, inflation and the war in Ukraine; Families suing social media companies; Cape Town's College of Magic.
Looking for positive signs on economy
Investors are looking for any positive signs to bounce back from a down 2022 in the stock market. Chief investment officer Ahmed Riesgo of Insigneo joined CBS News to discuss where those signs might come from.
Housing market forecast for 2023
Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News to share his forecast for the 2023 housing market at the start of the new year.
Will 2023 be a tough year for economy?
International Monetary Fund managing director Kristalina Georgieva warned that the global economy could face a "tough year" in 2023 in an interview on "Face the Nation." Threadneedle Ventures founder Ann Berry joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the likelihood of a recession, rising interest rates and the global economy.
Stocks slide after strong economic reports
New reports from the Commerce and Labor departments showed a stronger-than-expected economy. Lori Bettinger, president of BancAlliance, joined CBS News to discuss the reaction on Wall Street.
Is it a good time to refinance your mortgage?
A growing number of homeowners are considering refinancing as mortgage rates begin to decline. Mike Fratantoni, chief economist at the Mortgage Bankers Association, joins CBS News' Lana Zak and Jim Axelrod to discuss the state of the housing market.
Stocks fall for fifth straight trading day
Stocks fell for a fifth straight trading day on Monday after the Federal Reserve last week raised its forecast of how long interest rates have to stay elevated to cool inflation. Frances Stacy, director of strategy at Optimal Capital, joined CBS News' Lilia Luciano to discuss.
As Fed hikes interest rates, home prices dip
Home prices are on a decline as the Federal Reserve continues to raise interest rates to tame inflation. Skylar Olsen, chief economist at Zillow, joined CBS News' Catherine Herridge to discuss how rising interest rates are affecting the housing market and what homeowners and home buyers should do.
Stocks continue to fall at end of turbulent week
The Dow dropped another 300 points at its opening Friday, the index's third straight day of losses after news of a rise in interest rates and a drop in retail spending. Jesse Wheeler, an economic analyst for Morning Consult, joins CBS News to discuss the latest financial news and what the future holds.
Markets respond to latest interest rate hike
The Dow Jones Industrial Average had its third straight day of losses after the Federal Reserve announced an interest rate hike. Senior columnist at Yahoo Finance Rick Newman joins CBS News to discuss the impact on the markets.
Troubles for U.K. economy
Labor strikes, rising costs of living and inflation rate hikes are weighing on U.K. consumers as the holiday season approaches. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Errol Barnett to discuss.
Mortgage rates take another dip
Mortgage rates drop for the fifth week in a row despite the Federal Reserve's recent interest rate hike. BancAlliance President Lori Bettinger joins CBS News Mornings to explain what's spurring the dip.
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.
Live
Iran says "no tangible progress" made in talks as Israel, Lebanon renew truce
Iran says there's been no progress in talks with the U.S. after tit-for-tat strikes, as Israel strikes Lebanon following a ceasefire announcement.
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.
SpaceX plans record stock market debut that could make Elon Musk a trillionaire
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
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.
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.
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.
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.
U.S.
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U.S. destroys alleged drug boat in Pacific, killing 2 more people
At least 207 people have been killed since the Trump administration began targeting those it calls "narcoterrorists" in September.
SpaceX plans record stock market debut that could make Elon Musk a trillionaire
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
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.
MoneyWatch
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SpaceX plans record stock market debut that could make Elon Musk a trillionaire
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
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.
Politics
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U.S. destroys alleged drug boat in Pacific, killing 2 more people
At least 207 people have been killed since the Trump administration began targeting those it calls "narcoterrorists" in September.
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.
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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Live
Iran says "no tangible progress" made in talks as Israel, Lebanon renew truce
Iran says there's been no progress in talks with the U.S. after tit-for-tat strikes, as Israel strikes Lebanon following a ceasefire announcement.
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.
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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1 dead, 3 hurt in high school graduation shooting in Northern California, officials say
One person died and three others, including a child, were injured in a shooting Wednesday night at a high school graduation in Northern California, 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
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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.
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
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.