Consumer debt passes $17 trillion
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
Jerome Powell
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
What bank stock falls could mean for economy
Federal Reserve Chair Jerome Powell began a press conference Wednesday saying "the U.S. banking system is sound and resilient." Yet several regional bank shares were on the decline Thursday. Wall Street Journal banking reporter Gina Heeb breaks down the possible implications for the economy.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
How interest rate hikes affect debt, loans
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Fed hikes interest rate 0.25 percentage point but signals pause
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
Fed decision on interest rates expected
A decision is expected Wednesday from the Federal Reserve on whether to raise interest rates again. CBS News reporter Sarah Ewall-Wice joined CBS News' Anne-Marie Green to discuss what to expect from the Fed and what Democratic lawmakers could do in regard to interest rates.
Fed expected to again hike interest rates
The Federal Reserve is expected to hike interest rates again in an attempt to lower high inflation rates. Jeanna Smialek, Federal Reserve and economy reporter at The New York Times, joins "CBS News Mornings" to explain the impact of the previous rate hikes and why they've continued.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
Consumer spending strong despite slowing GDP
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
Stock market steady after earnings reports
EMG Advisors CEO and lead portfolio manager Will McDonough spoke with CBS News' Lana Zak and Lilia Luciano about how investors are reacting to earnings reports from Goldman Sachs and some other major companies.
Reaction to latest inflation numbers
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
Crypto stocks jump
The Dow Jones closed Tuesday in the green, as investors await reports on the March consumer and producer price indexes. Axios Business reporter Nathan Bomey spoke with Lana Zak and Lilia Luciano about how the information could impact future interest rate hikes.
Fake job listings are a growing problem
Federal data shows there are more than 10 million job openings across the U.S. But a new report shows not all of those jobs really exist. CBS MoneyWatch associate managing editor Irina Ivanova joined Errol Barnett and Lana Zak to discuss.
Stocks close higher as banking fears ease
The stock market closed higher Wednesday, following the second day of congressional hearings on the Silicon Valley Bank collapse. Dory Wiley, the president and CEO of Commerce Street Holdings, joined CBS News to discuss what the hearings mean for investors.
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.
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.
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.
Silicon Valley Bank leaders "failed badly," Fed Chair Powell says
Fed Chair slams the executives who were leading the regional bank when it collapsed, while insisting it was a one-off event.
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.
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.
Latest News
Biden signs debt ceiling bill that pulls U.S. back from brink of default
With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.
DeSantis introduces himself to GOP voters in first week of campaign
The Florida governor went on a whirlwind campaign tour through Iowa, New Hampshire and South Carolina this week.
Chinese warship comes within 150 yards of U.S. missile destroyer
Video showed the Chinese warship speeding towards the USS Chung-Hoon.
Nearly 300 killed in one of India's deadliest train accidents
Footage from the accident site showed bodies lined up on tracks and the injured being shifted to hospitals while rescuers desperately looked through the overturned and jumbled metal train compartments.
Police arrest suspect in Florida's Hollywood Beach shooting
The Hollywood Police Department has also issued arrest warrants for two other suspected gunmen.
Some U.S. companies pushing workers to return to the office
Meta this week announced that it was mandating that all workers return to the office for three days a week starting in September.
Political clashes in Senegal leaves 15 dead
Rights groups have condemned the government crackdown, which has included arbitrary arrests and restrictions on social media.
2 dead after plane crash in Mississippi
Tupelo Fire Department Sergeant Michael Moody confirmed the deaths to CBS News.
Son of former Red Sox star George Scott accused of killing 8-year-old son
The father is also a person of interest in the disappearance of the mother, who was last seen in 2019, authorities said.
U.S.
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Odd crime scene leads to conflicting theories about shooting deaths
Investigators' initial suspicions in the deaths of a mother and daughter are upended by autopsy results and other evidence.
Chinese warship comes within 150 yards of U.S. missile destroyer
Video showed the Chinese warship speeding towards the USS Chung-Hoon.
Some U.S. companies pushing workers to return to the office
Meta this week announced that it was mandating that all workers return to the office for three days a week starting in September.
DeSantis introduces himself to GOP voters in first week of campaign
The Florida governor went on a whirlwind campaign tour through Iowa, New Hampshire and South Carolina this week.
Police arrest suspect in Florida's Hollywood Beach shooting
The Hollywood Police Department has also issued arrest warrants for two other suspected gunmen.
MoneyWatch
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Biden signs debt ceiling bill that pulls U.S. back from brink of default
With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.
AI eliminated nearly 4,000 jobs last month, report says
A report of U.S. job cuts showed roughly 5% of job losses in May were due to AI technology.
Another major insurer is halting new policy sales in California
Allstate and others say thousands of natural disasters in recent years have made the state too expensive to cover.
Judge bans AI-generated filings — unless they get human oversight
AI has a place in the profession, but is currently limited in its capabilities, a Texas judge said.
Netflix shareholders vote to reject executives' pay packages
The symbolic vote on executives' multi-million dollar pay packages comes amid an ongoing writer's strike.
Politics
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Chinese warship comes within 150 yards of U.S. missile destroyer
Video showed the Chinese warship speeding towards the USS Chung-Hoon.
DeSantis introduces himself to GOP voters in first week of campaign
The Florida governor went on a whirlwind campaign tour through Iowa, New Hampshire and South Carolina this week.
Biden signs debt ceiling bill that pulls U.S. back from brink of default
With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.
Trump lawyers told DOJ they couldn't find classified doc discussed in audio
The recording — from a July 2021 meeting at Trump's golf club in Bedminster, New Jersey — is a crucial piece of evidence that prosecutors obtained in recent months.
RNC sets first GOP primary debate for Aug. 23
The Republican National Committee also set the rules for the first GOP primary debate of the 2024 presidential cycle.
HealthWatch
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Makers of toxic "forever chemicals" lied about safety, study claims
Companies hid evidence of PFAS' link to dead dogs, enlarged livers and birth defects, according to researchers.
Sweden close to becoming first "smoke free" country in Europe
Sweden, which has the lowest rate of smoking in the Europe Union, is close to declaring itself "smoke free."
Winter saw "large spike" in very rare pediatric brain infections, CDC reports
At least 102 were hospitalized in December, nearly double an earlier peak.
Canada is putting warning labels on each cigarette: "Poison in every puff"
The warnings - in English and French - include "poison in every puff," "tobacco smoke harms children" and "cigarettes cause impotence."
Fewer babies born in 2022, and teen births decline, CDC reports
The decline in births is "a very small difference" from the year before.
World
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Political clashes in Senegal leaves 15 dead
Rights groups have condemned the government crackdown, which has included arbitrary arrests and restrictions on social media.
3 Israeli soldiers killed in gun battle at Egyptian border
It was the first deadly exchange of fire along the Israel-Egypt border in over a decade.
Nearly 300 killed in one of India's deadliest train accidents
Footage from the accident site showed bodies lined up on tracks and the injured being shifted to hospitals while rescuers desperately looked through the overturned and jumbled metal train compartments.
At least 288 killed, 850 injured in India train derailment
Images broadcast on local stations showed smashed train compartments torn open with blood-stained holes of twisted metal, and scores of passengers lying beside the tracks.
CIA chief secretly met with Chinese counterpart in Beijing last month
CIA Director William Burns traveled secretly to Beijing last month, becoming the most senior U.S. official to visit China since the U.S. shot down a Chinese surveillance balloon.
Entertainment
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Entertainment
From the archives: Songwriters Cynthia Weil and Barry Mann
Lyricist Cynthia Weil, who with her husband Barry Mann was half of one of the most successful songwriting teams in New York's fabled Brill Building, and who wrote or co-wrote hits for such artists as Neil Diamond, Linda Ronstadt and Lionel Richie, died June 1, 2023, at age 82. In this "Sunday Morning" profile that aired February 8, 2015, Weil and Mann talk with correspondent Rita Braver about their love-hate competition with Carole King (dramatized in the musical "Beautiful"), and about creating such classics as "On Broadway" and "You've Lost That Lovin' Feelin'."
The Heavy performs "I Feel the Love"
British band "The Heavy" is known for their unique blend of blues, gospel and soul music. Their work has been featured in countless TV shows, movies and video games, and now they're out with their sixth studio album. Here is The Heavy with "I Feel the Love."
The Heavy performs "Hurricane Coming"
British band "The Heavy" is known for their unique blend of blues, gospel and soul music. Their work has been featured in countless TV shows, movies and video games, and now they're out with their sixth studio album. Here is The Heavy with "Hurricane Coming."
The Heavy performs "Feels Like Rain"
British band "The Heavy" is known for their unique blend of blues, gospel and soul music. Their work has been featured in countless TV shows, movies and video games, and now they're out with their sixth studio album. Here is The Heavy with "Feels Like Rain."
Jacky Oh, Wild 'N Out cast member, dead at 32
The star of the improv show and longtime partner of DC Young Fly reportedly died in Miami on Wednesday.
Technology
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Technology
What jobs are safe from AI?
Artificial intelligence will likely remake the workplace. A recent analysis from Goldman Sachs looked at the global impact, and found that AI could replace 300 million full-time jobs. Futurist Martin Ford joined CBS News to discuss the jobs he believes AI likely won't take, and what you can do if you're concerned your job may be replaced.
How to protect your home security camera from hackers
It's important to practice good "cyber hygiene" to prevent hackers, and even employees, from accessing sensitive information.
Money stored on apps like PayPal could be at risk, feds warn
Financial watchdog urges consumers who keep funds with a digital app to transfer the money to an insured bank account.
"The ChatGPT Revolution" explored in CBS doc
In a new documentary, CBS Reports explores the unleashing of artificial intelligence, a rapidly evolving technology. Entrepreneur João Santos, who created AIsthetic, an apparel company using CHatGPT as the CEO, joins CBS News.
Meta threatens news ban in California over bill to support journalism
Owner of Facebook and Instagram could bar users in the state from sharing news over bill requiring tech companies to pay news publishers.
Science
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Multiple rare sightings of wolverine in California confirmed
In the last century, only two wolverines were spotted in California.
Phoenix limits construction amid water crisis
Arizona is limiting new construction around Phoenix as the state's water supply continues to dwindle. State officials say there isn't enough groundwater for housing construction that's already been approved. CBS News senior national and environmental correspondent Ben Tracy has more.
South Dakota zoo welcomes litter of "critically endangered" red wolves
A litter of six red wolf pups, a highly endangered species of which there are only about two dozen in the wild, was born at the Great Plains Zoo in South Dakota on Thursday.
Atlantic hurricane season officially begins
The Atlantic hurricane season has officially begun and forecasters are already watching some activity in the Gulf. CBS News senior weather and climate producer David Parkinson joins with a preview of the season, and national correspondent Manuel Bojorquez investigates Florida's flood insurance crisis.
Trucker detained after a "weird" potato spill on a key Denmark bridge
Officials say it "looks weird," and could have been an accident - or a protest over new environmental restrictions on diesel trucks hauling heavy loads.
Crime
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Odd crime scene leads to conflicting theories about shooting deaths
Investigators' initial suspicions in the deaths of a mother and daughter are upended by autopsy results and other evidence.
Woman poisoned with cheesecake; lookalike convicted of attempted murder
See the details of the bizarre case.
Police arrest suspect in Florida's Hollywood Beach shooting
The Hollywood Police Department has also issued arrest warrants for two other suspected gunmen.
Suspect captured in fatal shooting of West Virginia officer
The shooting happened in the same county where a sheriff was shot to death in 2013.
At least 3 killed in stabbing, carjacking rampage in California cities
A man killed at least three people during a violent rampage in the Northern California cities of Milpitas and San Jose, police said.
Space
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Space
Livestream captures images of Mars
In a first of its kind event, the European Space Agency on Friday livestreamed images of Mars in what it called an opportunity "to get as close as it's currently possible" to the Red Planet.
A strawberry moon will take the night sky this weekend. Here's how to see it.
Around the world, people can catch a sweet treat in the night sky this weekend.
For first time ever, a near livestream of Mars
Up until Friday, all images seen of the planet were technically of its past.
Boeing again delays first piloted test flight of Starliner crew ferry ship
A new launch target was not announced, but Boeing officials said a flight this year is still feasible. In theory.
Webb telescope discovers traces of water in atmosphere of exoplanet
Scientists first made a brightness map of the exoplanet, then a temperature map of the atmosphere.
Latest Galleries
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Woman poisoned with cheesecake; lookalike convicted of attempted murder
See the details of the bizarre case.
Summer music heats up 2023
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
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.
How investigators solved murder of missing Florida woman
Vero Beach Police investigators focused on cellphone tower pings and surveillance footage cameras to catch a man who murdered his former girlfriend.
Latest Videos
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Latest Videos
The ChatGPT Revolution | CBS Reports
The artificial intelligence revolution has arrived. AI tools such as ChatGPT offer the power to transform fields like business, art, medical research and more. But this technology also brings ethical uncertainty and peril. CBS Reports explores the unleashing of this still rapidly evolving creation and some of the possible dangers.
2 killed in Mississippi plane crash
Two people were killed when a small plane crashed and caught fire near an airport in Tupelo, Mississippi, on Saturday.
Some U.S. companies seek a return to the office
Some U.S. company leaders are calling for their remote workers to return to the office. Meta this week announced that it was mandating that all workers return to the office for three days a week starting in September. Carter Evans has more.
Carpenter helps rebuild Notre Dame Cathedral
Peter Henrikson, a carpenter from Minnesota, is using his woodworking skills to help rebuild Paris' famous Cathedral of Notre Dame four years after a fire tore through the roof of the historic structure.
LGBTQ initiatives met with backlash, protests
June is Pride month, a celebration of LGBTQ life. But after years of hard-won civil rights gains for the LGBTQ+ community, there is a backlash that includes violence and tests of corporate commitment. Elise Preston has more.