Stocks jump, with Wall Street on track for rare winning week
Financial markets are rising, with some analysts predicting an economic slowdown rather than a recession.
Jerome Powell
Jobless claims down from previous week
According to the U.S. Department of Labor, initial jobless claims fell to 229,000 for the week ending June 18th. That's 2,000 fewer than the previous week. CBS News reporter Sarah Ewall-Wice joined Errol Barnett and Anne-Marie Green to discuss what these numbers mean for the U.S. economy and yesterday's congressional testimony on inflation from Federal Reserve Chair Jerome Powell.
Stocks droop on Fed's commitment to "restore price stability"
Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.
Fed will keep raising interest rates as long as appropriate
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
Stocks bounce back after steep selloff last week
Financial markets rebounded Tuesday, but some analysts think U.S. stocks have yet to touch bottom.
MoneyWatch: Janet Yellen on recession fears
The Federal Reserve raised interest rates as all major stock averages ended last week in the negative, but U.S. Treasury Secretary Janet Yellen said a recession is neither "imminent" nor "inevitable." Akane Otani, a reporter at The Wall Street Journal, spoke with "CBS News Mornings" about Yellen's comments amid growing fears about the future of the economy.
More homebuyers may be priced out of the housing market
The Federal Reserve's biggest interest rate hike since 1994 will push mortgage rates higher, and that means more homebuyers may be priced out of the housing market. Danielle Hale, chief economist of Realtor.com, joined CBS News' Errol Barnett and Elaine Quijano discuss.
How to navigate the latest interest rate hike
The Federal Reserve has announced a 0.75% interest rate hike, the largest single increase since 1994. Gargi Chaudhuri, head of iShares Investment Strategy Americas for BlackRock, joins "CBS News Mornings" with advice for how Americans can use the hike to their benefit.
How Fed's interest rate hike could impact consumers
The Federal Reserve announced Wednesday it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994. CBS News correspondent Carter Evans reports on the decision. Then, Megan Greene, global chief economist for the Kroll Institute and a senior fellow at the Harvard Kennedy School, joins CBS News to discuss how the increase could affect the consumers.
Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Consumer prices continue to rise
The Consumer Price Index jumped 1% in May 2022, representing an 8.6% bump year-over-year. That's the largest 12-month increase in more than four decades. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Vladimir Duthiers to discuss how inflation and higher prices are impacting Americans.
U.S. gas prices hit record-high
Americans are paying record-high prices for gasoline as the summer travel season kicks off. CBS News correspondent Carter Evans has more on the rising gas prices. Then, John Leer, the chief economist for Morning Consult, joins Lana Zak on CBS News to discuss the U.S. economy and more.
Layoffs hit 20-year low in April as job market stayed tight
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high.
MoneyWatch: Biden meeting with Fed chair
Americans have been facing rapidly increasing prices at the gas station and grocery store and in the housing market. President Biden is expected to address this during a meeting with Federal Reserve Chairman Jerome Powell on Tuesday. Frances Stacy, director of strategy at Optimal Capital, joined "CBS News Mornings" to discuss what's contributing to high inflation.
Key inflation gauge eases for the first time since 2020
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Jerome Powell confirmed by Senate to second term as Fed chair
"The Federal Reserve plays a primary role in fighting inflation," President Biden said in his statement on Powell's confirmation.
Fed looks to hike interest rates half a point as inflation soars
The Fed raised its rate by .25% in March, which some experts felt was not enough.
Federal Reserve announces interest rate hike
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
Powell supports interest rate hike at March meeting
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Fed plans to raise interest rates to fight inflation
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
Report shows inflation up 5.8% in 2021
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Americans face inflation despite economic growth
President Biden has vowed to tackle the rising rate of inflation in the U.S. But many Americans don't feel like his administration is doing enough, despite steady economic growth during his first year in office. Chief economist for Morning Consult John Leer joins CBSN's Lana Zak to discuss.
Economist weighs in on record high inflation
The Labor Department says inflation in the U.S. jumped 7% between December 2020 and December 2021. That's the biggest increase since 1982. Peter Morici, an economist and emeritus professor at the University of Maryland, joins CBSN's Lilia Luciano to discuss what the latest data means for our economy.
Minneapolis' police chief fears possible "moment where it all explodes"
Minneapolis Police Chief Brian O'Hara says he worries about escalating tensions. But top ICE official Marcos Charles says his officers act "lawfully and with professionalism."
Trump links Greenland standoff with allies to perceived Nobel snub
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
Iran says youths "deceived" into protesting can surrender for "leniency"
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Men detained in El Salvador's notorious prison detail harrowing experiences
Venezuelans spent months in a Salvadoran prison after being sent there by the U.S. Imprisoned men described torture — and research and records back up many of their claims.
Can Americans trust the investigation into Renee Good's killing?
Senior ICE official Marcos Charles said videos of immigration enforcement in Minneapolis don't tell the entire story. He said officers are acting lawfully and with professionalism.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
High-speed train derailment kills at least 39 in Spain, police say
Spanish police said Monday that at least 39 people died and 159 were injured in a high-speed train collision in southern Spain.
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
U.S.
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Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
Man arrested by ICE in Minneapolis dies while in federal agency's custody
A 36-year-old man who was arrested by U.S. Immigration and Customs Enforcement in Minneapolis died while under the custody of federal law enforcement in Texas on Wednesday, according to the agency.
Trump admin's claims of "reverse discrimination" upend DOJ Civil Rights Division
A Trump administration initiative is upending 60 years of efforts by the federal government to prevent discrimination against minority groups in the U.S.
Full transcript of "Face the Nation with Margaret Brennan," Jan. 18, 2026
On this "Face the Nation with Margaret Brennan" broadcast, DHS Secretary Kristi Noem and Minneapolis Mayor Jacob Frey join Margaret Brennan.
MoneyWatch
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What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
Here are the hurdles Trump faces in his push for low interest rates and a friendly Fed
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
Education Department delays wage garnishment plan for defaulted student loans
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans.
Politics
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Trump links Greenland standoff with allies to perceived Nobel snub
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
DOJ probing protesters group that disrupted services at church with ICE pastor
The Justice Dept. says it's investigating a group of protesters in Minnesota who disrupted services at a church where a local ICE official apparently serves as a pastor.
Trump admin's claims of "reverse discrimination" upend DOJ Civil Rights Division
A Trump administration initiative is upending 60 years of efforts by the federal government to prevent discrimination against minority groups in the U.S.
Full transcript of "Face the Nation with Margaret Brennan," Jan. 18, 2026
On this "Face the Nation with Margaret Brennan" broadcast, DHS Secretary Kristi Noem and Minneapolis Mayor Jacob Frey join Margaret Brennan.
Minneapolis Mayor Jacob Frey says federal agents are an "occupying force"
Minneapolis Mayor Jacob Frey criticized the administration's immigration operations, calling the surge of federal agents an "occupying force that has quite literally invaded our city."
HealthWatch
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HealthWatch
Doctor's tips to help dry winter skin
Dr. Rachel Nazarian, a board-certified dermatologist, joins "CBS Mornings" to share her tips for saving your dry winter skin.
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
World
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Iran says youths "deceived" into protesting can surrender for "leniency"
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Fire at mall in Pakistan kills at least 23 people; dozens missing
Firefighters extinguished the blaze at the multistory plaza nearly 24 hours after it erupted.
Entertainment
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Entertainment
Billy Bob Thornton on "Landman" popularity
Billy Bob Thornton joins "CBS Mornings" to discuss the second season of the hit series "Landman," which he stars in as oil executive Tommy Norris. Thornton talks about his immediate chemistry with Ali Larter and why the show resonates with viewers.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Judd Apatow on comic genius Mel Brooks: "Probably the funniest person of all time"
As a young boy, Judd Apatow says he wanted to grow up to be like the director of such classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol: "Mel Brooks: The 99 Year Old Man!"
Judd Apatow on comic genius Mel Brooks
As a young boy, Judd Apatow says he wanted to grow up to be like Mel Brooks, the filmmaker of such comedy classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol, "Mel Brooks: The 99 Year Old Man!" Apatow talks with Tracy Smith about the World War II veteran who broke comedy taboos by lampooning Nazis and racists, and about Brooks' long friendship with another comic legend, Carl Reiner.
Stellan Skarsgård on acting: "It is like being a child … you never grow up"
The Swedish actor has been in 150 films and TV shows, from "Breaking the Waves" and "Mamma Mia!" to "Andor." He talks about his Golden Globe-winning performance in "Sentimental Value," playing a filmmaker-father trying to reconcile with his actress-daughters.
Technology
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Technology
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
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.
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Mother of Musk child sues over deepfake images
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Science
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Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
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Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
8 police officers killed in Guatemala after prison crackdown on gangs
The killings occurred a day after gang member inmates took 46 people hostage in three prisons across the country, officials said.
Libyan man in Minnesota for treatment for rare skin condition detained by ICE
Hani Duglof and his brother Mohamad Duklef left Libya more than a decade ago, unable to find relief for a rare condition that threatens to leave their skin torn and blistered at even the slightest provocation.
Will a woman's final moments, caught on tape, help prove she was murdered?
Bruno Rocuba claims a freak accident while handling his gun caused the death of his wife, Melissa Rocuba. He was not arrested or charged with any crime. Years later, investigators uncover disturbing new evidence that challenges what really happened that night in their Pennsylvania bedroom.
Space
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Space
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Countdown to new lunar mission
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
Latest Galleries
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Notable Deaths in 2025
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
Prince Harry takes on British tabloid
Prince Harry is back in court in the United Kingdom as he joins a legal battle against the Daily Mail tabloid over alleged illegal snooping. CBS News' Ramy Inocencio reports.
Trump's threats of tariffs over Greenland
President Trump is threatening tariffs against European nations that oppose his mission to take over Greenland. Axios' Madison Mills joins CBS News with the European reactions.
Trump endorses Cassidy's potential challenger
President Trump is encouraging Rep. Julia Letlow to run against Republican Louisiana Sen. Bill Cassidy in the state's primary. CBS News' Caitlin Huey-Burns reports.
Former ambassador on threats to Greenland
Rufus Gifford, a former U.S. ambassador to Denmark, says there's no truth in President Trump's claims that Russia and China will try to take over Greenland if he doesn't step in. Gifford joined CBS News with more on the matter.
"The Dish: Recipe": Umbrian lentil soup
In this edition of "The Dish: Recipe," co-author of Milk Street Backroads Italy, J.M. Hirsch, shares a classic Umbrian recipe for lentil soup.