Mortgage rates expected to fall in 2024
Some financial experts expect mortgage rates to decline gradually over the coming months. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News with the data behind this projection.
Some financial experts expect mortgage rates to decline gradually over the coming months. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News with the data behind this projection.
As occupancy rates have hit historic lows and interest rates have spiked, the value of office buildings is tanking. This Sunday, Jon Wertheim looks at the crisis in commercial real estate.
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
Sky-high mortgage rates that scared off some potential home-buyers this year are slowly starting to drop. Rates are now at their lowest level since June after hitting a 23-year high in October. Greg McBride, chief financial analyst at Bankrate, joined CBS News to discuss how much lower rates might go.
Tech startups faced closures and layoffs in 2023 as the Federal Reserve raised interest rates to a 22-year high. New York Times reporter Erin Griffith joins CBS News to explain what's going on in Silicon Valley.
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
The Federal Reserve will hold its benchmark interest rate steady. CBS News business analyst Jill Schlesinger and J.D. Durkin, a CBS News contributor and host of the financial news website TheStreet, look at the implications.
The Federal Reserve on Wednesday will announce another decision on interest rates with the expectation it will not raise or cut them. CBS News contributor and Axios' managing editor of business and markets Javier David joins CBS News with his analysis.
Wholesale inflation remained unchanged in November after Dow Jones economists predicted a tenth of a percentage point increase. Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program, joined CBS News to discuss what the new numbers could mean for interest rates.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest Consumer Price Index report, which shows inflation slowing. Plus, what to expect on interest rates from the final Federal Reserve meeting of the year.
Consumer prices crept up a tenth of a percent in November as the cost of certain goods and services rose last month while energy and gas prices saw a decline. CBS News senior business and technology correspondent Jo Ling Kent has more.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
An end to the interest rate hike cycle may be in sight with inflation cooling. Al Root, a senior writer at Barron's, breaks down how the rate hike pause could positively impact your retirement savings plans.
Inflation eased in October amid lower prices for gasoline and cars, according to a report from the Labor Department on Tuesday. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to discuss the CPI report.
A new report from The Wall Street Journal says people are delaying purchasing homes by years and instead choosing to spend their money in other ways. The National Association of Realtors found existing home sales were down more than 15% year-over-year in September. James Rodriguez, a senior real estate reporter with Insider, joined CBS News to discuss the market.
Fewer jobs than analysts expected were added last month, and the country's unemployment rate ticked up to 3.9%, the highest it has been since Jan. 2022. The report comes after the Federal Reserve held interest rates steady earlier this week. Jo Ling Kent explains what this means for your wallet.
Americans are grappling with the repercussions of sustained high interest rates, which have been hovering just over 5% since July – the highest in decades. The Federal Reserve's decision Wednesday to keep rates steady signals continued challenges for those looking to borrow. CBS News' Jo Ling Kent reports.
The Federal Reserve on Wednesday held its benchmark interest rate steady for a second consecutive time while upgrading its view of the U.S. economy and leaving open the possibility of additional rate hikes should inflation quicken in coming months. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined CBS News to discuss the reasoning behind the decision.
The Federal Reserve on Wednesday left interest rates steady for a second consecutive time. CBS News senior business and technology correspondent Jo Ling Kent explains what that means for Americans.
The latest decision by the Federal Reserve to hold off on increasing interest rates any further may signal that the U.S. economy is moving in the right direction. CBS News business analyst Jill Schlesinger and J.D. Durkin, a host for the financial news site "TheStreet," join CBS News to discuss the decision.
Former President Donald Trump's attorneys got their first chance to question Michael Cohen on his second day of testimony and took aim at his credibility.
The Florida crash involved a bus transporting about 53 farmworkers and a 2001 Ford Ranger truck, officials said.
This comes after the cabin door of an Alaska Airlines plane blew off mid-flight in January, sparking congressional and federal investigations.
And these officials, a CBS News investigation finds, are charged with certifying election results for the presidential election and other races.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Eight TikTok users said that the new law signed by President Biden violates their First Amendment rights.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Nearly 4,000 people die from accidental drowning ever year, according to the CDC.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Former President Donald Trump's attorneys got their first chance to question Michael Cohen on his second day of testimony and took aim at his credibility.
This comes after the cabin door of an Alaska Airlines plane blew off mid-flight in January, sparking congressional and federal investigations.
And these officials, a CBS News investigation finds, are charged with certifying election results for the presidential election and other races.
The business collaboration tool will be phased out over the next year as Meta focuses on AI and the metaverse.
Servers in France don't depend on tips like they do in the U.S. — but some restaurants don't want tourists to know that.
The business collaboration tool will be phased out over the next year as Meta focuses on AI and the metaverse.
Servers in France don't depend on tips like they do in the U.S. — but some restaurants don't want tourists to know that.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.
Comcast's StreamSaver arrives at a time when major entertainment companies are teaming up to try to turn a profit from streaming.
The company released an apology and is offering billboard space to groups advocating for individuals it offended.
Former President Donald Trump's attorneys got their first chance to question Michael Cohen on his second day of testimony and took aim at his credibility.
This comes after the cabin door of an Alaska Airlines plane blew off mid-flight in January, sparking congressional and federal investigations.
And these officials, a CBS News investigation finds, are charged with certifying election results for the presidential election and other races.
Eight TikTok users said that the new law signed by President Biden violates their First Amendment rights.
The New Jersey senator has a "fear of scarcity" and developed "a longstanding coping mechanism of routinely withdrawing and storing cash in his home," his lawyers said last month.
Nearly 4,000 people die from accidental drowning ever year, according to the CDC.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
Dr. Mohammed Abdelfattah, from California, told CBS News many patients are young children suffering burns and explosive injuries.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
"When you look at the long sweep of history, you can see just how dramatic recent global warming is," one of the researchers said.
Investigators made the unusual discovery during probes into suspects who were cultivating marijuana under the cover of managing car wash stations.
An unknown number of orcas managed to sink another sailing yacht near coastal Morocco in the Strait of Gibraltar.
The special anniversary covers of the Sports Illustrated Swimsuit Issue has seven new covers that feature Kate Upton, Chrissy Teigen, Hunter McGrady and "CBS Mornings" co-host Gayle King.
Munro was the first lifelong Canadian to win the Nobel and the first recipient cited exclusively for short fiction.
Desi Lydic is a writer, producer and Emmy Award-nominated actress who currently serves as one of the hosts of "The Daily Show." She joins "CBS Mornings" to talk about how she landed her "dream job" and what she's learned from having conversations with people all over the country.
Celebrating its 60th anniversary, the Sports Illustrated Swimsuit Issue features industry icons Kate Upton and Hunter McGrady on the cover. They join "CBS Mornings" to talk about the milestone.
The iconic covers of the legendary Sports Illustrated Swimsuit edition have graced newsstands and influenced generations. Today, the magazine is celebrating a huge milestone — the 60th anniversary of its swimsuit edition. Meg Oliver traveled to Florida for a rare behind-the-scenes look at the making of the issue.
The business collaboration tool will be phased out over the next year as Meta focuses on AI and the metaverse.
OpenAI showed off its latest iteration of ChatGPT, GPT-4o, in a livestream presentation on Monday. The update is supposed to be faster and has increased text, voice and vision abilities, including engaging in spoken conversations. Bloomberg News reporter Shirin Ghaffary joined CBS News to talk about the new offer.
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.
Solar storms can dazzle, bringing displays of the northern lights to large parts of the globe. But geomagnetic storms can also affect electronic systems.
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Solar storms can dazzle, bringing displays of the northern lights to large parts of the globe. But geomagnetic storms can also affect electronic systems.
In 2006, bees across the U.S. started dying rapidly. Now, the U.S. honey bee population is at an all-time high, according to the Census of Agriculture. Clay Bolt, manager of pollinator conservation for the World Wildlife Fund U.S., joins CBS News to explain what happened.
Wildfires are forcing thousands from their homes in Canada after burning more than 13,000 acres so far. Terry Cavaliere, emergency operations director for the Fort Nelson First Nation, joins CBS News with the latest.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Florida officials say a "vessel of interest" has been identified in connection with a deadly hit and run that killed a 15-year-old ballerina who was waterskiing over the weekend. Cristian Benevides has the details.
Ippei Mizuhara, the former interpreter of Los Angeles Dodgers player Shohei Ohtani, is expected to enter a not guilty plea Tuesday to bank fraud and tax charges that he allegedly illegally transferred almost $17 million from the baseball star's bank account. However, the not guilty plea is a formality, as federal prosecutors previously announced that Mizuhara will plead guilty at a later date as part of a plea deal. CBS News' Adam Yamaguchi reports.
Ian Cleary had been the subject of an international search since authorities in Pennsylvania issued a 2021 felony warrant in the case.
Investigators made the unusual discovery during probes into suspects who were cultivating marijuana under the cover of managing car wash stations.
French officials say "all means are being used to find" an escaped convict and the heavily armed assailants who attacked the vehicle that had been carrying him to prison.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
At least eight people were killed and 40 injured Tuesday when a bus carrying migrant farm workers crashed in central Florida. CBS News national correspondent Manuel Bojorquez has the latest.
Almost 80 officials who are overseeing elections in seven swing states in 2024 have expressed doubts over the 2020 election results. Caitlin Huey-Burns takes a look at how these officials could impact the election.
The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.
More Palestinians are fleeing the southern Gaza city of Rafah ahead of a possible Israeli ground offensive. CBS News' Imtiaz Tyab is in Tel Aviv with the latest.
Former Donald Trump attorney Michael Cohen was back on the stand Tuesday in the former president's New York criminal trial, describing how he eventually turned against Trump. CBS News campaign reporter and attorney Katrina Kaufman has the details.