Fed chair believes more rate hikes coming
Unemployment numbers arrived Thursday morning with new claims decreasing over the past week. CBS News' Sarah Ewall-Wice has more on that and comments about inflation from Fed Chair Jerome Powell.
Jerome Powell
Fed chair expects more rate hikes
Federal Reserve Chairman Jerome Powell told lawmakers on Capitol Hill on Wednesday the country remains a "long way away" from reaching its goal in the fight against inflation. CBS News political and economics reporter Sarah Ewall-Wice has more.
Federal Reserve pauses interest rate hikes
For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.
Why the Fed paused interest rate hikes
For the first time since March 2022, the Federal Reserve will not be raising interest rates. J.D. Durkin, on-air host for digital financial news platform TheStreet, joins CBS News to discuss the Fed's path forward.
Fed hits pause on interest rates hikes
After 10 straight interest rate hikes done in an effort to combat inflation, the Federal Reserve on Wednesday chose to pause those rate hikes. However, Federal Reserve Chair Jerome Powell did signal that more rate hikes could be coming later this year. Weijia Jiang has more.
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.
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.
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.
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.
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.
Live
Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
House approves Senate bill to fund DHS and end 76-day shutdown
The House on Thursday unanimously approved a Senate-passed bill to reopen the Department of Homeland Security, sending it to the president's desk.
Trump pulls Casey Means' nomination as surgeon general, naming new pick
President Trump blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
Suspect in D.C. shooting held in "safe cell," agrees to remain jailed ahead of trial
Cole Allen, 31, is facing three charges related to the attack outside the White House Correspondents' Dinner, including attempting to assassinate President Trump.
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Tina Brown: King showed U.S.-U.K. ties are "bigger than current politics"
CBS News contributor Tina Brown said King Charles' address to Congress during his visit to the U.S. showed "the meaning of monarchy."
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
U.K. pledges $34 million to fight antisemitism emergency after stabbing
The British government's terrorism prevention adviser describes anti-Jewish attacks as the "biggest national security emergency" since 2017.
U.S.
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House approves Senate bill to fund DHS and end 76-day shutdown
The House on Thursday unanimously approved a Senate-passed bill to reopen the Department of Homeland Security, sending it to the president's desk.
Trump pulls Casey Means' nomination as surgeon general, naming new pick
President Trump blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
Suspect in D.C. shooting held in "safe cell," agrees to remain jailed ahead of trial
Cole Allen, 31, is facing three charges related to the attack outside the White House Correspondents' Dinner, including attempting to assassinate President Trump.
Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
MoneyWatch
More MoneyWatch
Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Politics
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House approves Senate bill to fund DHS and end 76-day shutdown
The House on Thursday unanimously approved a Senate-passed bill to reopen the Department of Homeland Security, sending it to the president's desk.
Trump pulls Casey Means' nomination as surgeon general, naming new pick
President Trump blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Suspect in D.C. shooting held in "safe cell," agrees to remain jailed ahead of trial
Cole Allen, 31, is facing three charges related to the attack outside the White House Correspondents' Dinner, including attempting to assassinate President Trump.
Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
HealthWatch
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RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
World
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Tina Brown: King showed U.S.-U.K. ties are "bigger than current politics"
CBS News contributor Tina Brown said King Charles' address to Congress during his visit to the U.S. showed "the meaning of monarchy."
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Mexico wants evidence to back up U.S. drug charges against officials
The U.S. Justice Department accused Sinaloa Governor Ruben Rocha Moya and nine other officials of working with the notorious Sinaloa cartel.
Record trove of Viking Age coins found in Norway
A hoard of Viking Age silver coins unearthed from a field in Norway is largest discovery of its kind in the country's history.
Israel intercepts Gaza aid flotilla off Greek coast, activists say
The Global Sumud Flotilla said 22 of its 58 vessels were "abducted," while the Israeli foreign ministry derided the convoy as a "condom flotilla."
Entertainment
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Entertainment
Stars preview "Devil Wears Prada 2"
Meryl Streep, Anne Hathaway, Emily Blunt and Stanley Tucci are reprising their iconic roles for "The Devil Wears Prada 2" 20 years after the original film was released. The stars speak to "CBS Mornings" co-host Gayle King and give an inside look at the movie.
Eliminated survivor contestant on new twist
(Warning: Spoilers ahead!) The fifth member of the "Survivor 50" jury, who was eliminated during Wednesday's episode, talks about being voted off and a huge twist in the game.
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
New details in case against singer D4vd
Musician D4vd was in a Los Angeles court on Wednesday as prosecutors laid out a timeline and highlighted new details in their case against him in the murder of Celeste Rivas Hernandez. The singer has pleaded not guilty to the charges. Warning, the details in this story are disturbing.
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Technology
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Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.
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.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Comparing popular smartwatches right now
Smartwatches can measure everything from heart rate to step count, but which features are most accurate and are worth using? Vanessa Hand Orellana, CNET's lead wearable tech reporter, joins CBS News to discuss.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Mexico wants evidence to back up U.S. drug charges against officials
The U.S. Justice Department accused Sinaloa Governor Ruben Rocha Moya and nine other officials of working with the notorious Sinaloa cartel.
Officials release apparent Cole Allen photos
Cole Allen apparently took a selfie while armed, minutes before the White House Correspondents' Dinner shooting in Washington, D.C., on Saturday night. CBS News' Katrina Kaufman and Sam Vinograd have more.
New memo detail Cole Allen's movements
A memorandum filed in federal court on Wednesday includes details about Cole Allen's movements before his encounter with U.S. Secret Service officers at the White House Correspondents' Dinner on Saturday. CBS News' Anna Schecter reports.
New Orleans sheriff indicted after investigation into escape of 10 inmates
Orleans Parish Sheriff Susan Hutson was indicted on 30 felony counts after a probe into one of the largest jailbreaks in U.S. history, which occurred under her watch.
New details on D.C. press dinner shooting
The Justice Department released a photo allegedly showing the suspect in the White House Correspondents' Dinner shooting, roughly 30 minutes before he rushed past security at the event. CBS News' Sam Vinograd has more.
Space
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SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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Notable Deaths in 2026
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Latest CBS News Videos
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Latest CBS News Videos
Iran's supreme leader on its nuclear program
Iran's Ayatollah Mojtaba Khamenei issued a written statement on the war with the U.S., pledging to protect its "nuclear and missile capabilities." CBS News Ramy Inocencio reports.
Hegseth spars with lawmakers
Secretary of Defense Pete Hegseth is back on Capitol Hill, facing questions from lawmakers about his policies. Axios' Hans Nichols joins CBS News with more.
Iran insists blockade is working
President Trump appears defiant on the Iran war as Ayatollah Mojtaba Khamenei speaks out. CBS News' Nancy Cordes and retired U.S. Navy Adm. Robert Murrett join with more.
Reed presses Hegseth about Pentagon firings
Sen. Jack Reed, a Rhode Island Democrat, pressed Defense Secretary Pete Hegseth about the firings of generals and admirals and the Trump administration's handling of the Iran war.
Hegseth's remarks interrupted by protester
Defense Secretary Pete Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, gave opening statements touting the Pentagon's successes during a hearing before the Senate Armed Services Committee. A protester briefly interrupted Hegseth's statement.