Managing your checking account
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
Interest Rates
Fed chair says rate cuts unlikely in 2023
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
Fed is boosting rates again. What it means for your wallet.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Fed hikes key interest rate for seventh time this year
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Stocks fall following latest rate hikes
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
Tackling student loans amid high interest rates
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
Seventh interest rate hike of 2022 expected
For the seventh time this year, the U.S. Federal Reserve is expected to increase interest rates, putting things like mortgages and credit cards in flux. Ayelet Sheffey, senior economic policy reporter with Business Insider, joins CBS News to talk about how it will affect Americans.
Inflation slows ahead of Fed meeting
The Labor Department reported Tuesday that the Consumer Price Index rose 7.1% over the last 12 months, the slowest rate of inflation since December of 2021. William Lee, chief economist for the Milken Institute, joined CBS News to discuss the latest data.
Inflation cooled in November for fifth month
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
Wholesale prices rose in November
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
U.S. gas prices now lower than 1 year ago
Gas prices continue to fall and are now lower than they were one year ago. While plunging gas prices have provided some relief, Americans are still facing stubbornly high inflation. Kris Van Cleave takes a look.
China's trade takes a dive
China's trade is suffering its worst slump in nearly three years. The drop announcement comes as China rolls back its stringent COVID-19 policies following widespread protests. Marley Kayden, a business reporter and professor for DePaul University, joins CBS News to discuss how pulling back these policies could impact the Chinese economy. She also weighs in on what's expected at the Federal Reserve's next meeting.
Stocks fall with another rate hike expected
The Dow plunged over 480 points Monday as investors remain fearful the Federal Reserve could drive the economy into a recession with additional interest rate hikes. Dory Wiley, president and CEO of Commerce Street Holdings, joined CBS News' Lilia Luciano on the implications of the Fed's next move.
Stock market slides after jobs report
The U.S. added more than 260,000 jobs in November despite the Federal Reserve's efforts to cool off the economy by raising interest rates. J.D. Durkin, host of "TheStreet," joins CBS News from the floor of the New York Stock Exchange to discuss investors' reaction to the new report.
U.S. adds 263,000 new jobs in November
CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite.
Fed hints at slower interest rate hikes
Federal Reserve Chair Jerome Powell said Wednesday that the Fed could slow interest rate hikes as soon as December. Larry Adam, chief investment officer at Raymond James, joined CBS News to discuss Powell's comments and what it could mean for the economic outlook.
U.S. economy sees growth in Q3
Ryan Payne, president of Payne Capital Management, joined CBS News to discuss the latest U.S. economic indicators and what the third-quarter rise in the GDP means for consumers and the economy.
Home sales decline for ninth straight month
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
Americans delaying financial milestones
From the coronavirus pandemic to inflation, Americans have spent the last two-and-a-half years delaying big purchases and even avoiding events due to economic uncertainty. Ted Rossman, senior industry analyst at Bankrate, joins CBS News to discuss a new survey that shows where people are cutting back.
Biden-Xi meeting gives hope to global economy
The meeting between President Biden and Chinese President Xi Jinping was seen as a good sign by traders who bet on the markets. Eswar Prasad, the Tolani senior professor of trade policy at Cornell University, joined CBS News' John Dickerson to discuss what the talks mean for the world economy and more.
European markets drop after Truss' resignation
European markets have been taking direct hits following the resignation of British Prime Minister Liz Truss. The continent was already facing record-high inflation and interest rate hikes, similar to the U.S. Akin Oyedele, investing deputy editor at Business Insider, joined CBS News' Catherine Herridge to discuss.
Concerns about inflation and interest rates
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
Impact of latest interest rate hike on Americans
CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News' Catherine Herridge to discuss this week's edition of "Face the Nation." They break down the Federal Reserve's latest interest rate hike and preview an upcoming exclusive interview with Ukrainian President Volodymyr Zelenskyy.
U.S. consumer prices rose
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Stocks could rise following midterm elections
Historically, the stock market sees a considerable rise in the year following the midterms. Marley Kayden, business reporter and professor at DePaul University, joins CBS News to discuss investors' expectations for the 2022 elections and what we should anticipate from the market.
Live
Oil tops $100 per barrel as U.S. and Iran launch new attacks
The price of crude oil hit a 15-week high after the U.S. said it blew up five more Iranian oil tankers, triggering retaliation from Tehran.
Trump's trip delayed after emergency slide deploys on new Air Force One
President Trump's departure to Texas was delayed after an emergency slide on the new Air Force One deployed on the tarmac before he boarded.
Afghan girls who study in secret want you to read their "letters to the world"
21 Afghan girls, bravely defying the Taliban by continuing to study, handed CBS News letters containing their stifled, often humble dreams "for an ordinary life."
Talarico says Ken Paxton is "lying to the people of Texas" with AI ad that puts "words in my mouth"
Democrat James Talarico told CBS News' Ed O'Keefe he won't use AI in political advertising in the race for the Texas U.S. Senate seat, adding, "every ad that we put out is made by human beings."
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.
Fetterman appears at RNC midterm convention in surprise video
Democratic Sen. John Fetterman appeared in a surprise video at the Republican Party's midterm convention on Wednesday, as he becomes increasingly isolated from his own party.
Exclusive
Dolly Parton's sister shares why 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.
Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
NYC after 9/11: 25 years of remembering and rebuilding
A look back at how 9/11 has changed Lower Manhattan and beyond, 25 years after the World Trade Center attacks.
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.
Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
Rhode Island governor projected to lose Democratic primary to former CVS executive
Rhode Island Gov. Dan McKee is the first sitting governor nationwide to lose a primary in eight years.
Another Anthropic model gained access to the open internet in 4th such incident
Anthropic announced a fourth cybersecurity incident where Claude gained access to the open internet.
Ohio man living in squalor with 16 grandchildren mentally incompetent to stand trial
Investigators said the children, who weren't enrolled in school, remained mostly confined to a small room in the house under deplorable conditions.
MoneyWatch
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Humans "close to being outsmarted" by superintelligence, AI expert says
Rapid developments in AI are prompting concerns about "superintelligence." Here's why some experts are worried.
Feds to buy up to $6 billion in Treasury bonds. Here's why.
Wall Street analysts are skeptical that the Treasury Department's bond purchases can curb yields and lower U.S. borrowing costs.
Apple unveils new foldable iPhone and more new devices
Apple introduced the iPhone 18 at its annual tech showcase and unveiled its first foldable phone.
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.
Politics
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Rhode Island governor projected to lose Democratic primary to former CVS executive
Rhode Island Gov. Dan McKee is the first sitting governor nationwide to lose a primary in eight years.
Fetterman appears at RNC midterm convention in surprise video
Democratic Sen. John Fetterman appeared in a surprise video at the Republican Party's midterm convention on Wednesday, as he becomes increasingly isolated from his own party.
CBS News poll finds that 25 years after 9/11 most see changed country
A big majority say it's very important that Americans remember the 9/11 attacks.
Trump says he had "great conversation" with Putin amid renewed peace push
"He is wanting to make a deal. And if Zelenskyy is wanting to make a deal, that would be very nice," President Trump said.
Talarico says Ken Paxton is "lying to the people of Texas" with AI ad that puts "words in my mouth"
Democrat James Talarico told CBS News' Ed O'Keefe he won't use AI in political advertising in the race for the Texas U.S. Senate seat, adding, "every ad that we put out is made by human beings."
HealthWatch
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Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
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.
World
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Afghan girls who study in secret want you to read their "letters to the world"
21 Afghan girls, bravely defying the Taliban by continuing to study, handed CBS News letters containing their stifled, often humble dreams "for an ordinary life."
Trump says he had "great conversation" with Putin amid renewed peace push
"He is wanting to make a deal. And if Zelenskyy is wanting to make a deal, that would be very nice," President Trump said.
Zelenskyy's plane almost hit by drone, Norway's prime minister says
Ukraine's President Volodymyr Zelenskyy joined a host of other foreign dignitaries in Oslo for the funeral of Norway's King Harald V.
Netanyahu calls claim he was warned of Oct. 7 attack "malicious libel"
Israel's leader says a report claiming the UAE warned him in advance of Hamas' 2023 terror attack is politically motivated lies, but it's fueling fierce pre-election furor.
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.
Entertainment
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Entertainment
Fashion designer Romeo Hunte shares new pieces
Fashion designer Romeo Hunte joins "The Daily Report" to discuss pieces in his new collection as New York Fashion Week kicks off.
Dolly Parton's sister on the private funeral
Two weeks after her death at 80, a new song from Dolly Parton was released called "Bound to Ride," as part of an upcoming tribute album to the Stanley Brothers. Gayle King spoke exclusively with Dolly Parton's younger sister in an interview that will air on "CBS Mornings" on Thursday.
New documentary profiles 9/11 generation
A new Netflix documentary is out about those who were children in the wake of the 9/11 attacks. "Turning Point: Generation 9/11" profiles people whose parents died on that day, as well as soldiers who joined the military because of 9/11. Director Brian Knappenberger joins "The Takeout" to discuss the making of the film.
Alice Cooper, Joe Perry on Hollywood Vampires
Rock stars Alice Cooper and Joe Perry of Aerosmith formed the supergroup Hollywood Vampires. They join "CBS News 24/7 Mornings" to discuss how the band came together.
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.
Technology
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Another Anthropic model gained access to the open internet in 4th such incident
Anthropic announced a fourth cybersecurity incident where Claude gained access to the open internet.
Apple announces iPhone 18 Pro, iPhone Duo
Apple's new CEO, John Ternus, led a special event on Wednesday announcing the release of new products, including the first foldable iPhone. CBS News contributor Patrick McGee breaks it down.
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.
Anthropic researcher comments fuel AI fears
A lead researcher at Anthropic said "AI could kill all humans" on Tuesday, giving it a more than 10% chance within the next decade. The call now is for a global conversation about risk and safety. Jo Ling Kent has more from Silicon Valley, and Tristan Harris, co-founder of the Center for Humane Technology, goes deeper.
AI researchers warn of human extinction threat
Connor Leahy, U.S. executive director of ControlAI, joins "The Daily Report" to share his perspective on concerns that AI superintelligence poses a threat to humans.
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
Video shows attempted murder in Ohio
A potential killing was caught on camera in Ohio and was revealed at the trial of a man found guilty of attempting to shoot his wife in a crowded restaurant. Mark Strassmann reports.
Lindsay Clancy Mistrial: Reddington Weighs In
In the wake of the mistrial in the Lindsay Clancy murder case, CBS News correspondent Shanelle Kaul and WBZ-TV reporter and anchor Kristina Rex share new reporting from inside the courtroom, exclusive juror insights, and behind-the-scenes details of the dramatic final courtroom moments. Plus, we learn what's next as the Plymouth County District Attorney's Office weighs its options.
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.
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.
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.
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
Fetterman addresses GOP midterm convention
Democratic Sen. John Fetterman of Pennsylvania made a surprise appearance via video message at Republicans' midterm convention on Wednesday. See the moment.
Airport restrictions to be lifted for some
What people are allowed to bring on an airplane is one of the many things that have changed since the Sept. 11, 2001, terror attacks. But TSA has now unveiled a new program allowing some non-flyers to get through security without a ticket. Jonathan Vigliotti has more details.
New NFL season kicks off
The 2026 NFL regular season officially kicks off on Wednesday. Chris Bumbaca, staff writer at The Athletic, joins "The Daily Report" to share what we can expect.
Fashion designer Romeo Hunte shares new pieces
Fashion designer Romeo Hunte joins "The Daily Report" to discuss pieces in his new collection as New York Fashion Week kicks off.
Apple announces iPhone 18 Pro, iPhone Duo
Apple's new CEO, John Ternus, led a special event on Wednesday announcing the release of new products, including the first foldable iPhone. CBS News contributor Patrick McGee breaks it down.