Why Fed may raise interest rates this year
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Greg Robb, economics editor at MarketWatch, joins with analysis.
Money
Key inflation gauge at highest level since 2023
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.
Lawmakers on Trump rebuking housing bill
President Trump canceled the signing ceremony for a bipartisan housing affordability bill and demanded that Congress pass the SAVE Act, a voter identification bill, first. CBS News' Taurean Small reports, and Massachusetts Democratic Rep. Stephen Lynch joins "CBS Morning News" to discuss how the bipartisan housing bill would help Americans.
Trump tells DOJ to probe oil prices
President Trump says he ordered the Justice Department to investigate alleged gas price gouging amid negotiations with Iran. Meanwhile, new details have emerged on Bill Gates' congressional testimony about his links to Jeffrey Epstein. CBS News' Nikole Killion and Caitlin Huey-Burns report.
Tech stocks plummet amid AI bubble worries
Investors are recoiling from tech stocks again over doubts that AI spending will pay off in the long run. Yahoo Finance's Brooke DiPalma explains the current state of the global stock market.
Tech stocks tumble over AI cost concerns
A massive tech stock sell-off dragged down the S&P 500 and Nasdaq on Tuesday. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Markets see mass tech sell-offs
Some investors may have cold feet about tech stocks, especially amid global economic uncertainty and questions about artificial intelligence. Axios reporter Emily Peck weighs in.
Commute times and distances are rising
Average commute times and distances for the American worker are rising, now reaching lengths not seen since before the pandemic, new data shows. Business Insider senior labor and inequality reporter Juliana Kaplan explains.
Americans concerned about costs of Iran war
With gas prices still higher than last year and inflation stretching household budgets thin, many Americans are facing high financial stress. A recent CBS News poll shows that most Americans think the Iran war is not worth its cost. Political strategists Harrison Fields and Jonae Wartel discuss.
Mid-year money moves to make
CBS News business analyst Jill Schlesinger joins "CBS Mornings" with financial tips that will help you save money - from cutting bills and streaming services to savings accounts.
Where to find the best summer deals
Big retailers are offering deep discounts this week, including Amazon with its Prime Day event. Kelly O'Grady breaks down where to find the best summer deals.
Tips for parents supporting adult children
CBS News business analyst Jill Schlesinger joins "CBS Saturday Morning" to offer tips for parents who financially support their adult children.
"The Coffee Can Investor" investment strategy
"The Coffee Can Investor: A Stock-Picker's Journey to Build Generational Wealth" by former CBS News president Neeraj Khemlani, offers key advice for families and other long-term investors. CBS News' Jessica Moore has more.
Oil prices drop for first time in months
Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
More Americans are worrying about retirement
Working and retired Americans are much less confident in their financial ability to maintain a comfortable retirement compared to a year ago, according to a new survey from the Employee Benefit Research Institute. CBS News business analyst Jill Schlesinger has more context.
Warsh on reasons for interest rate decision
Federal Reserve Chair Kevin Warsh announced no change to interest rates at his first meeting. This comes as uncertainty remains on the Iran war, which has economically slammed the U.S. and other nations. Business Insider's Akin Oyedele has more.
When will gas return to pre-Iran war prices?
Oil prices are falling as the end of the war with Iran seems in sight. Arjun Murti, partner at the energy firm Veriten and the author of the Substack newsletter "Super-Spiked," joins to break down when you can expect the pain at the pump to ease.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
Trump: U.S. would be better off without USMCA
Speaking to reporters in Paris, France, on Wednesday, President Trump criticized the United States-Mexico-Canada Agreement, saying he would "rather not have" it. Mr. Trump signed the trade deal during his first term.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Zillow: 242 cities have $1 million starter homes
The dream of home ownership is becoming more elusive for some first-time buyers. Zillow found that a record 242 cities have starter homes valued at $1 million or more. Orphe Divounguy, senior economist at Zillow, joins "The Takeout" to discuss.
Starter home affordability in the U.S.
A record 242 U.S. cities have entry-level homes priced at $1 million or more and just under half of the cities are in California, a new report from Zillow found. CBS News business analyst Jill Schlesinger breaks down housing market prices, mortgage rates and more.
Details emerge on Trump's stock trading
A CBS News investigation found that President Trump made 3,600 stock trades in the first three months of 2026. CBS News' Michael Kaplan has more.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Drought, rising costs and beef import pressures squeeze Wyoming ranchers
"It's been a year that I hope we never do it again," said Lander Nicodemus, owner of Torrington Livestock Markets, which auctions about 450,000 head of cattle each year.
Exclusive
Drone activity at border drops 75% after U.S. uses laser weapon, military says
In less than two weeks, the high-energy laser weapon system has taken down 11 drones, coinciding with a 75% drop in drones probing the border, military officials told CBS News.
Hurricane warning issued for western Hawaii as Lowell approaches
The National Hurricane Center posted a hurricane warning for western Hawaii's Kauai County as Hurricane Lowell moved toward the area as a Category 3 storm.
What's open and closed on Labor Day 2026? See which businesses are operating.
Most major retail stores and grocery chains will remain open on Labor Day, while banks will close.
MoneyWatch
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Drought, rising costs and beef import pressures squeeze Wyoming ranchers
"It's been a year that I hope we never do it again," said Lander Nicodemus, owner of Torrington Livestock Markets, which auctions about 450,000 head of cattle each year.
What's open and closed on Labor Day 2026? See which businesses are operating.
Most major retail stores and grocery chains will remain open on Labor Day, while banks will close.
Gas prices at record high for any Labor Day, as diesel hits all-time record
The average price of regular gas was $4.15 a gallon on Labor Day, well above the Labor Day weekend record of $3.82 from 2012, and diesel was at a new all-time record of $5.90.
Are mortgage rates heading back above 7%? Here's what experts think.
Mortgage rates have climbed sharply this year amid mounting concerns about inflation and U.S. debt.
See the U.S. cities where worker pay is rising fastest
Although worker wages have risen modestly this year, pay is increasing much faster in some metro areas than in others, labor data shows.
Politics
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Exclusive
Drone activity at border drops 75% after U.S. uses laser weapon, military says
In less than two weeks, the high-energy laser weapon system has taken down 11 drones, coinciding with a 75% drop in drones probing the border, military officials told CBS News.
Far-right AfD wins big in German regional election, falls short of majority
Alternative for Germany failed to secure an absolute majority in the state legislature to govern alone and overcome the so-called firewall of mainstream parties' refusal to work with AfD.
Armed man arrested for allegedly charging at Democratic Ohio governor candidate
The suspect "aggressively shoved his way through the crowd" toward Amy Acton, Mahoning County Sheriff Jerry Greene told CBS News.
GOP conference chair says Miller is "our nominee right now" despite allegations
House Republican Conference Chair Lisa McClain said she is supporting Rep. Max Miller's reelection bid for a third term because "I will support anyone with an R behind their name."
Michigan Secretary of State says voters will "know the truth" about elections
Michigan Secretary of State Jocelyn Benson said she will ensure all eligible voters can submit ballots in the midterm elections, after a judge again blocked the Trump administration's mail-in voting order.
HealthWatch
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What is postpartum psychosis?
Experts discuss the symptoms, diagnosis and stigma surrounding postpartum psychosis (not to be confused with postpartum depression), a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy.
What is postpartum psychosis?
Postpartum psychosis (not to be confused with postpartum depression) is a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy. Correspondent Faith Salie talks with experts about the symptoms, diagnosis and stigma surrounding postpartum psychosis; and with a mother whose experience of hallucinations and distorted reality soon after giving birth threatened her and her family.
A woman was in pain for decades. A chance meeting helped her learn why.
Dawn Jemison started dealing with pelvic pain as a preteen. It took decades to learn why — and to find a solution.
Employer and worker health plan costs expected to jump in 2027
Employer health benefit costs are projected to see the steepest increase next year since 2003. That could mean higher deductions and out-of-pocket costs for workers.
Clancy trial highlights need to rethink postpartum care: "The duty is on the system"
Lindsay Clancy's case is resonating with moms across the U.S. — bringing into focus the spectrum of perinatal mood and anxiety disorders and the lack of resources for many women.
World
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U.K. anti-migrant protests condemned as "thuggish and intimidating"
Masked British protesters snarled traffic at a busy passenger ferry port and tried to block buses carrying newly arrived migrants, drawing criticism from virtually all corners.
King says Prince Harry and Meghan remain private citizens after U.K. return
Prince Harry and Meghan stepped down as senior working members of the royal family in January 2020, and this position, the letter said, "will continue to be fully respected."
How the far-right AfD is causing a German political earthquake
The AfD may not end up controlling Germany's Saxony-Anhalt state despite a landslide election victory, but the far-right party's "dream result" sends a clear message.
Museum to return remains of 39 people taken during colonial rule in India
The Pitt Rivers Museum, one of the world's leading institutions for anthropology, ethnology and archaeology, holds over 6,000 artifacts from the Naga community in India.
Exclusive
Drone activity at border drops 75% after U.S. uses laser weapon, military says
In less than two weeks, the high-energy laser weapon system has taken down 11 drones, coinciding with a 75% drop in drones probing the border, military officials told CBS News.
Entertainment
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Robert De Niro on helping revive Lower Manhattan after 9/11
As the dust settled on NYC following the 9/11 attacks, Robert De Niro and producer Jane Rosenthal founded the Tribeca Film Festival as a way to pull Lower Manhattan out of the ashes and help revitalize a shattered city.
Robert De Niro on helping revive Lower Manhattan after 9/11
As the dust settled on New York City following the 9/11 attacks, Robert De Niro and his longtime business partner, producer Jane Rosenthal, looked for ways to pull Lower Manhattan out of the ashes. The Tribeca Film Festival, which debuted in 2002, has not only successfully launched a new generation of filmmakers; it has also helped revitalize the city in what De Niro called "an act of defiance." Tracy Smith talks with De Niro and Rosenthal about their festival's mission: to use art as an antidote to what they see as traumatic times facing America.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who recently left us, including two-time Grammy-winning jazz singer Cassandra Wilson.
9/6: Sunday Morning
Hosted by Lee Cowan. Featured: Looking back at 9/11; Robert De Niro on revitalizing Lower Manhattan; how Gander, Newfoundland responded to 9/11; postpartum psychosis; Gloria Steinem and the founding of Ms. Magazine; and the quest for the best burger.
"Come From Away": Transforming tragedy into art, darkness into light
Irene Sankoff and David Hein discuss their acclaimed musical about the residents of Gander, Newfoundland, who offered aid and comfort to 7,000 air passengers and crew members stranded in the wake of the September 11, 2001 terror attacks.
Technology
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Technology
Self-driving AI Uber put to the test
Leigh Kiniry tests out an autonomous, AI-powered Uber in London.
FBI deputy director on using AI to fight crime
The FBI is using artificial intelligence to fight crime as it leans into targeting cartels and transnational criminal organizations. CBS News' Anna Schecter spoke with FBI Deputy Director Christopher Raia about the new technology.
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.
How AI is reshaping the U.S. Open for players and fans
At the U.S. Open, artificial intelligence is giving players and fans a new way to experience the tournament.
U.S. Open embraces artificial intelligence
At this year's U.S. Open, live artificial intelligence insights are bringing the digital world to the court, reshaping the tournament experience. CBS News digital reporter Lauren Fichten has the details.
Science
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Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
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Detective says cruelty of woman's murder will "stay with me forever"
Lt. Dakota Black of the Pottawatomie County Sheriff's Office in Shawnee, Oklahoma, says the case of Makayla Meave, a missing teacher's aide, was one of the most heart-wrenching cases of her career.
A young mom was near death from lead poisoning. Who was trying to kill her?
Hannah Pettey, 22, a married mother of two from Alabama, suffered debilitating pain and lost more than 45 pounds as her health rapidly declined. Doctors suspected either her mother or her husband were trying to poison her.
Mistrial declared in Lindsay Clancy trial
A judge in Massachusetts declared a mistrial in the murder trial of Lindsay Clancy, who killed her three young children, after jurors said for a third time they could not agree on a verdict.
Luxury brands' labor practices under scrutiny
Italian authorities are turning their attention to the luxury brands at the top of the fashion food chain after allegations of cheap labor and exploitation.
FBI deputy director on using AI to fight crime
The FBI is using artificial intelligence to fight crime as it leans into targeting cartels and transnational criminal organizations. CBS News' Anna Schecter spoke with FBI Deputy Director Christopher Raia about the new technology.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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Commercial pilot on Amazon cargo plane crash
Laura Einsettler, a commercial pilot with more than 30 years of experience, joins CBS News 24/7 to weigh in on the Amazon cargo plane crash that killed at least five people in Miami on Sunday.
2 friends hit the road for a good cause
On today's "Beg-Knows America," David Begnaud meets two friends who hit the road for a good cause, a man who reads to shelter pets, and more.
Where to get the latest CBS Mornings Deals
On this edition of CBS Deals, we show you items that could help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Is therapy speak hurting young women?
Dr. Suzanne Garfinkle-Crowell, author of "Girlhood, Translated," joins "CBS Mornings" to discuss how therapy language has changed how people talk about their feelings.
Is quitting good for you?
Journalist and author Lindsay Crouse sits down with "CBS Mornings" to talk about her new book, "The Case for Quitting: The Surprising Benefits of Opting Out."