Stocks waver as investors ponder rising economic uncertainty
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
Interest Rates
Fed keeps benchmark interest rate unchanged
The Federal Reserve announced its decision on Wednesday to hold its benchmark interest rate steady as Fed chairman Jerome Powell acknowledged the impact of tariffs on inflation. The interest rate has an indirect tie to the interest that consumers pay on things like credit cards and car loans.
Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Fed leaves interest rates unchanged
The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Previewing the Fed's interest rate decision
The Federal Reserve will announce its latest interest rate decision Wednesday afternoon. CBS News MoneyWatch correspondent Kelly O'Grady reports on what to expect.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Analyzing new inflation report
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Rep. Don Bacon on Trump's proposed tax cuts
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, joins "America Decides" to unpack Trump's proposed tax cuts, as well as his own.
Trump's clear message to businesses
President Trump made an economic pitch at the World Economic Forum, telling businesses to make their products in the U.S. He said if they don't, they'll have to "pay a tariff." CBS News business contributor Javier David breaks it down.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Stock market plunges after December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
The impact of sticky inflation on Americans
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
Federal Reserve slashes rates again
The Federal Reserve said it is lowering rates by a quarter of a percentage point on Wednesday, marking a full percentage point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances.
Dow plunges after Powell's comments on rate cuts
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
Trump says Iran talks continuing after regime threatens "other fronts" in war
The Iranians' latest move in the war came in response to what it considers U.S. and Israeli ceasefire violations.
Russian missile, drone attack on Ukraine kills at least 13, officials say
Russian missile, drone strikes kill at least 13 people across Ukraine, authorities say, after President Zelenskyy warned Moscow was planning a "massive new strike."
DOJ says it will stop work on $1.8 billion "anti-weaponization fund"
The Justice Department said it will stop work on the $1.8 billion "anti-weaponization" fund following a district judge's decision temporarily blocking the program.
Divided appeals court rules transgender military ban is unconstitutional
A divided federal appeals court ruled that the Trump administration's policy banning transgender individuals from serving in the military is likely unconstitutional.
North Carolina officer fired over video of violent arrest turns himself in
Former Shelby County police officer Karson Hyder has been charged with one count of assault inflicting serious injury after video appeared to show him repeatedly punching a woman.
Lab worker who vanished last year found dead in New Mexico national forest
Melissa Casias was employed at the Los Alamos National Laboratory when she went missing last year, her niece said.
Multiple people killed, officer wounded in Oregon shooting
Police were called to the scene of "a domestic disturbance and shooting" in the city of Sandy, outside of Portland, Oregon, on Sunday.
Vanilla Ice says he'd perform for anybody, including Putin and Iran
"It's not anything to do with politics. I don't know why they're turning it into politics," Vanilla Ice said of the Freedom 250 concerts planned in Washington, D.C.
Fraudsters bought Kobe Bryant sneakers and Ferraris with taxpayer funds
For law enforcement investigating fraud cases, the hard part can be following the money to figure out where the tax dollars have gone.
U.S.
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South Carolina store owner acquitted of murder in 2023 killing of Black teen
Chikei Rick Chow, 61, shot Cyrus Carmack-Belton in the back after chasing him from his convenience store in Columbia. He maintained he acted to defend his son.
Vanilla Ice says he'd perform for anybody, including Putin and Iran
"It's not anything to do with politics. I don't know why they're turning it into politics," Vanilla Ice said of the Freedom 250 concerts planned in Washington, D.C.
North Carolina officer fired over video of violent arrest turns himself in
Former Shelby County police officer Karson Hyder has been charged with one count of assault inflicting serious injury after video appeared to show him repeatedly punching a woman.
Bus driver in Virginia crash that killed 5 facing more charges
Jing Sheng Dong, a 48-year-old tour bus driver from Staten Island, New York, faces three additional felony counts in connection with the deaths.
About 1 in 4 professionals is stuck in a mid-career stall, study finds
Workers who go at least five years without a promotion or meaningful raise can miss out on thousands of dollars in earnings, researchers found.
MoneyWatch
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Northlake police warn of gas pump screw scam
The Northlake Police Department issued a warning about a new scam at gas stations that is low tech, but effective.
About 1 in 4 professionals is stuck in a mid-career stall, study finds
Workers who go at least five years without a promotion or meaningful raise can miss out on thousands of dollars in earnings, researchers found.
What to know about the major student loan changes coming July 1
The changes will affect how much students and their parents can borrow, as well as their repayment options.
Anthropic files for IPO, setting up public-market test of AI boom
The filing sets up Anthropic, the maker of the Claude AI chatbot, to sell its shares to the public.
Barry Diller's People Inc. offers to buy MGM Resorts
Diller said that MGM's properties, such as the Bellagio in Las Vegas, can't be easily replaced by AI.
Politics
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Vanilla Ice says he'd perform for anybody, including Putin and Iran
"It's not anything to do with politics. I don't know why they're turning it into politics," Vanilla Ice said of the Freedom 250 concerts planned in Washington, D.C.
DOJ says it will stop work on $1.8 billion "anti-weaponization fund"
The Justice Department said it will stop work on the $1.8 billion "anti-weaponization" fund following a district judge's decision temporarily blocking the program.
Divided appeals court rules transgender military ban is unconstitutional
A divided federal appeals court ruled that the Trump administration's policy banning transgender individuals from serving in the military is likely unconstitutional.
U.S. political commentators say U.K. barred them "for criticizing Israel"
Left-wing streamers Cenk Uygur and Hasan Piker say Britain's government has denied them entry over their criticism of Israel.
Exclusive
U.S. sought Russia's help to free Austin Tice in first Trump term, ex-envoy says
U.S. officials sought help from Russia during President Trump's first term to secure the release of journalist Austin Tice, according to Robert O'Brien.
HealthWatch
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HealthWatch
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.
New drug nearly doubles survival rates in some pancreatic cancer patients, study says
New research shows a medication called daraxonrasib is helping people with advanced pancreatic cancer live longer.
Woman diagnosed with cancer after minor symptoms: "Couldn't believe it"
Candace Tucker thought her symptoms were benign. A colonoscopy led to an alarming diagnosis.
Trump directs CDC to align with assessment calling for fewer childhood vaccines
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
World
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Live
Senior Iranian officer says return to war with U.S. seems "inevitable"
Prospects for a U.S.-Iran deal seem to dim as the war between Israel and Hezbollah grinds on despite Trump saying they agreed to stop fighting.
Russian missile, drone attack on Ukraine kills at least 13, officials say
Russian missile, drone strikes kill at least 13 people across Ukraine, authorities say, after President Zelenskyy warned Moscow was planning a "massive new strike."
U.S. political commentators say U.K. barred them "for criticizing Israel"
Left-wing streamers Cenk Uygur and Hasan Piker say Britain's government has denied them entry over their criticism of Israel.
666 bus to Hel back in business, as doomed tourist route is resurrected
News that the 666 to Hel was back has spread quickly across Polish social media accounts, and beyond.
Exclusive
U.S. sought Russia's help to free Austin Tice in first Trump term, ex-envoy says
U.S. officials sought help from Russia during President Trump's first term to secure the release of journalist Austin Tice, according to Robert O'Brien.
Entertainment
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Entertainment
Marilyn Monroe's friends honor the icon (1962)
Monday marks 100 years since the birth of the iconic Hollywood actress Marilyn Monroe. On Aug. 10, 1962, six days after her death at the age of 36, CBS News aired a retrospective special about the legend's life, featuring interviews with friends, mentors and colleagues.
Vanilla Ice says he'd perform for anybody, including Putin and Iran
"It's not anything to do with politics. I don't know why they're turning it into politics," Vanilla Ice said of the Freedom 250 concerts planned in Washington, D.C.
Vanilla Ice on Freedom 250 concert series
A number of artists have recently said they will not perform at the upcoming multi-day Great American State Fair at Washington, D.C.'s National Mall. It's being put on by the group Freedom 250, which the BBC says was launched by the Trump administration, with the president appointing its CEO. Rapper Vanilla Ice joins to discuss why he believes the show must go on.
Horror films by YouTubers win big at box office
A pair of small-budget horror films made by YouTube creators, "Backrooms" and "Obsession," had a big weekend at the box office. CBS News correspondent Carter Evans reports.
"Backrooms" makes historic Hollywood debut
Kane Parsons' psychological thriller "Backrooms" earned $81.5 million on its first weekend. Carter Evan reports on how the film's success could change Hollywood.
Technology
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Technology
Early details on Anthropic's IPO filing
Anthropic, the artificial intelligence company behind the chatbot Claude, has filed to go public, setting up one of the biggest initial public offerings in history. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Florida sues OpenAI over alleged harms caused by ChatGPT
Florida has become the first state to sue OpenAI and its CEO, Sam Altman.
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 confidentially files for IPO
Anthropic, the artificial intelligence company that created the Claude chatbot, said Monday it has confidentially filed for an initial public offering.
Can hackers pull your fingerprints from photos online? Experts explain.
Claims have circulated on social media that fingerprints can be pulled from photos featuring peace signs, but experts say the risk to the average person is low.
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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South Carolina store owner acquitted of murder in 2023 killing of Black teen
Chikei Rick Chow, 61, shot Cyrus Carmack-Belton in the back after chasing him from his convenience store in Columbia. He maintained he acted to defend his son.
Fired N.C. cop arrested on assault charge
A North Carolina police officer, seen in doorbell video repeatedly punching a woman, has been fired for the conduct and charged with assault. Jericka Duncan reports.
Judge keeps hearing public in Kirk murder case
A preliminary hearing for Tyler Robinson, the man accused of killing conservative activist Charlie Kirk, will be open to the media and the public, a judge ruled Monday. CBS News' Anna Schecter has more.
Key hearing for Charlie Kirk murder suspect will be public, judge rules
A Utah judge denied a request from the suspect accused of killing Charlie Kirk to restrict access to parts of his July preliminary hearing.
Multiple people killed, officer wounded in Oregon shooting
Police were called to the scene of "a domestic disturbance and shooting" in the city of Sandy, outside of Portland, Oregon, on Sunday.
Space
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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.
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
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
Marilyn Monroe's friends honor the icon (1962)
Monday marks 100 years since the birth of the iconic Hollywood actress Marilyn Monroe. On Aug. 10, 1962, six days after her death at the age of 36, CBS News aired a retrospective special about the legend's life, featuring interviews with friends, mentors and colleagues.
6/1: The Takeout with Major Garrett
Trump says Iran talks are continuing, Iran says otherwise; Graham Platner's wife addresses sexting scandal.
Vanilla Ice on Freedom 250 concert series
A number of artists have recently said they will not perform at the upcoming multi-day Great American State Fair at Washington, D.C.'s National Mall. It's being put on by the group Freedom 250, which the BBC says was launched by the Trump administration, with the president appointing its CEO. Rapper Vanilla Ice joins to discuss why he believes the show must go on.
Sexting scandal latest controversy for Platner
The likely Democratic nominee for Senate in Maine, Graham Platner, is under fire after he sent sexually explicit text messages to at least half a dozen women after he got married in 2023. Caitlin Huey-Burns reports.
Firefly Aerospace CEO on sending drones to moon
NASA is sending drones to the moon to help prepare for a permanent human presence. Firefly Aerospace CEO Jason Kim, whose company just secured a $75 million contract with NASA to deliver four drones to the moon, joins to discuss.