These U.S. metro areas are among the best for first-time homebuyers
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
Mortgage Rates
Trump seeks to take mortgage giants public
President Trump reiterated on Wednesday that his administration is working to take mortgage giants Fannie Mae and Freddie Mac public, but still keep them under U.S. government oversight. CBS News business contributor Javier David breaks down what this would mean.
Young Americans feeling financial strain
Rising home prices and persistent inflation are impacting how millennials and Gen Zers feel financially. CBS News contributor Javier David explains.
Mortgage rates climb above 7% after Moody's U.S. debt downgrade
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
Climate change could drive flood of foreclosures, study finds
Extreme weather linked to climate change will likely lead to more Americans losing their homes as foreclosure rates rise, researchers predict.
Left temporarily homeless by Helene, many struggle to pay their mortgages
About a month after hurricanes Helene and Milton hit the Southeast, nearly 60,000 homeowners fell behind on their mortgages.
Average mortgage rates increasing
The average rate for a standard 30-year fixed mortgage climbed to 6.83% this week. That's up a quarter of a percentage point from the week before and the highest rate in two months. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
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.
New data on L.A. mortgage delinquency risks
New data shows that about one in four borrowers in the area of Los Angeles' Palisades Fire are at risk of falling behind on their mortgage payments. Sarah McGregor, Bloomberg News managing editor of the national desk, breaks it down.
Where are mortgage, CD and credit card rates heading in 2025?
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.
What is the state of the job market?
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
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.
Mortgage rates increase despite Fed's rate cut
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
Tips for buying homes with someone else
There are several things to consider before buying a home with someone else. NerdWallet's Holden Lewis joins CBS News with some tips to keep in mind when making a purchase.
Effects roducer price data
New economic data is trickling in and the latest producer price index numbers could signal a potential trend about the state of inflation in the U.S. CBS MoneyWatch correspondent Kelly O'Grady has more.
Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Buyers await mortgage relief after Fed cuts
The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
Trump lays out some economic proposals
Voters consistently list the economy as one of the top issues that drove them to the polls. CBS News contributor J.D. Durkin breaks down President-elect Donald Trump's economic proposals and what they mean for Americans' finances.
What the Fed interest rate cut means for you
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
Federal Reserve interest rate cut news
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.
Potential interest rate cut news coming
The Federal Reserve will announce Thursday whether it will cut interest rates again after a jumbo cut in September. CBS News business analyst Jill Schlesinger breaks down what economists expect.
How some Nevada voters see the affordable housing crisis
Vice President Kamala Harris has proposed building three million new homes and rental units, while former President Donald Trump has said he will reduce mortgage rates by slashing inflation.
"Mornings Memory": 1979's tough market
In today's tough housing market, homebuyers face high mortgage rates — but it's not the first time. A CBS News report from 1979 shows a young family in Chicago struggling with even steeper rates of 11%. Here's a look back at how history is repeating itself.
Israel strikes Iranian state TV, warns people to evacuate Tehran amid open warfare
Israel attacked Iranian state television after Iran fired another wave of missiles at Israel on the fourth day of open warfare between the regional foes.
Cuts to FEMA's storm prep program hit communities that voted for Trump
A CBS News investigation found two-thirds of counties that have lost funding from this FEMA program supported President Trump in the 2024 election.
Trump cuts Canada trip short due to "what's going on in the Middle East"
President Trump is ending a multiday trip to the G7 summit in Canada due to the Middle East conflict.
FBI: Vance Boelter went to other lawmakers' homes before killing Hortman
Vance Boelter, 57, has been charged in the shootings of two Minnesota lawmakers and their spouses. The Hennepin County Attorney said Monday that her office intends to pursue first-degree murder charges against him as well.
Senate Republicans unveil long-awaited details on Trump's budget bill
The Senate Finance Committee's portion includes changes to Medicaid funding and tax reform.
2nd "black box" recovered from Air India crash as probe continues
Air India plane crash investigators have found both of the Boeing 787's "black boxes," hopefully brining an understanding of the cause of the disaster a step closer.
CDC official overseeing COVID hospitalization data resigns in protest
Dr. Fiona Havers' resignation follows RFK Jr.'s orders to change the CDC's vaccine recommendations.
Growing number of Americans 55 and older are experiencing homelessness
More than 140,000 Americans who are 55 or older are experiencing homelessness on any given day, and that number is estimated to nearly triple by 2030, according to a report.
Two large labor union leaders leave DNC over disagreements
The head of one of the largest U.S. teachers' unions said she "felt out of step" with DNC Chair Ken Martin's leadership.
U.S.
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Televangelist Jimmy Swaggart in critical condition after cardiac arrest
Jimmy Swaggart's son, Donnie Swaggart, told their congregation, "Without a miracle, his time will be short."
Detroit detective dug deep for long-buried answers to missing person cases
Applying new techniques to old cases, law enforcement efforts brought closure for dozens of families who longed for answers.
American Bar Association sues Trump administration over law firm crackdown
The American Bar Association is accusing President Trump of using his "vast powers" to "coerce lawyers and law firms."
CDC official overseeing COVID hospitalization data resigns in protest
Dr. Fiona Havers' resignation follows RFK Jr.'s orders to change the CDC's vaccine recommendations.
Cuts to FEMA's storm prep program hit communities that voted for Trump
A CBS News investigation found two-thirds of counties that have lost funding from this FEMA program supported President Trump in the 2024 election.
MoneyWatch
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2nd "black box" recovered from Air India crash as probe continues
Air India plane crash investigators have found both of the Boeing 787's "black boxes," hopefully brining an understanding of the cause of the disaster a step closer.
Israel and France's increasing divide over Gaza hits the Paris Air Show
French authorities closed a handful of Israeli firms' stalls at the Paris Air Show, citing a decision to ban "offensive weapons" being displayed amid the Gaza war.
WhatsApp to bring subscription model and ads to messaging platform
WhatsApp is rolling out new ad features including a subscription model that will allow channels to offer exclusive content for a monthly fee.
The Louvre in Paris closes unexpectedly as staff protest conditions
A spontaneous strike at the Louvre erupted during a routine internal meeting, as gallery attendants, ticket agents and security personnel refused to take up their posts.
Trump Organization announces mobile phone service and a $499 gold phone
The Trump Organization said its $47.45 monthly service will includes unlimited calls, text and data. It's also rolling out a $499 mobile phone.
Politics
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Trump cuts Canada trip short due to "what's going on in the Middle East"
President Trump is cutting short his trip to the G7 summit in Canada due to the Middle East conflict.
Jury: Mike Lindell of MyPillow defamed ex-Dominion Voting Systems employee
Eric Coomer sued after Mike Lindell called him a traitor and accusations about him stealing the election were streamed on Lindell's online media platform.
Exclusive
Former Coast Guard officer charged with threatening to kill President Trump
A man who served in the Coast Guard for over 30 years was charged with making threats against President Trump on social media.
Senate Republicans unveil long-awaited details on Trump's budget bill
The Senate Finance Committee's portion includes changes to Medicaid funding and tax reform.
American Bar Association sues Trump administration over law firm crackdown
The American Bar Association is accusing President Trump of using his "vast powers" to "coerce lawyers and law firms."
HealthWatch
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CDC official overseeing COVID hospitalization data resigns in protest
Dr. Fiona Havers' resignation follows RFK Jr.'s orders to change the CDC's vaccine recommendations.
Consumer Reports names its top sunscreens for 2025
Consumer Reports tested 51 sunscreens to find the best options to protect your skin this summer and beyond.
Drug for extreme hunger offers clues to obesity's complexity
A new drug is helping families who've spent years padlocking fridges, chaining garbage cans, and hiding food as their children with Prader-Willi syndrome deal with unrelenting hunger.
A father of 3 felt healthy. Then a routine screening found deadly cancer.
Curtis Jackson was having a regular screening when doctors found evidence of a deadly bile duct cancer.
CDC urges summer camps to check for measles immunity, as U.S. nears record
The CDC's new "checklist" comes amid a deadly year of measles outbreaks that is now near record levels.
World
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Trump cuts Canada trip short due to "what's going on in the Middle East"
President Trump is cutting short his trip to the G7 summit in Canada due to the Middle East conflict.
2nd "black box" recovered from Air India crash as probe continues
Air India plane crash investigators have found both of the Boeing 787's "black boxes," hopefully brining an understanding of the cause of the disaster a step closer.
Spaniards shoot water guns at visitors in protest against mass tourism
Residents in Barcelona, Spain, and several other popular European destinations say tourism in their cities is driving up housing costs for locals.
Israel and France's increasing divide over Gaza hits the Paris Air Show
French authorities closed a handful of Israeli firms' stalls at the Paris Air Show, citing a decision to ban "offensive weapons" being displayed amid the Gaza war.
The Louvre in Paris closes unexpectedly as staff protest conditions
A spontaneous strike at the Louvre erupted during a routine internal meeting, as gallery attendants, ticket agents and security personnel refused to take up their posts.
Entertainment
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Entertainment
MLB teams up with Jomboy Medi
Jomboy Media started as a baseball podcast between friends and its popularity exploded thanks to viral lip-reading videos. Now, Major League Baseball is investing in the fast-growing sports media brand to tap into its massive Gen Z and millennial following. Co-founder Jake Storiale and CEO Courtney Hirsch join "CBS Mornings Plus" to discuss the deal.
Teens show power of speech and debate
In this week's "Beg-Knows America," CBS News contributor David Begnaud revisits the life-changing world of high school speech and debate, an activity that shaped his own path. He meets the inspiring young voices featured in the new documentary "SPEAK," tackling grief, identity, and advocacy with extraordinary courage.
Juror dismissed in Sean "Diddy" Combs trial
The judge in the Sean "Diddy" Combs sex trafficking and racketeering trial in NYC dismissed one of the jurors Monday.
Desi Arnaz: Singer, husband, dad, and the man who "invented" TV
The Cuban-born entertainer broke conventions when he co-starred with wife Lucille Ball in "I Love Lucy," playing a straight-man sitcom dad. Now, a new biography reveals his lesser-known contributions to television.
Desi Arnaz: Singer, husband, dad, and the man who "invented" TV
Desi Arnaz, the Cuban-born entertainer, broke conventions when he co-starred with his wife Lucille Ball in the TV show "I Love Lucy," playing a prototypical American sitcom dad. He also changed the rules of television by filming episodes, thereby creating the rerun – and, ultimately, a new economic model for TV. Correspondent Mo Rocca talks with Todd Purdum, author of a new biography, "Desi Arnaz: The Man Who Invented Television," about Arnaz's impact on American culture; and with Lucie Arnaz, who discusses her parents' marriage and divorce, and her father's extraordinary journey.
Technology
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Technology
AI data centers are driving up energy bills
An increase in demand for artificial intelligence may be increasing the cost of your electric bills. CBS News national environmental correspondent David Schechter explains.
Scammers use AI to create fake job applicants
Artificial intelligence is being used to create realistic video and audio to impersonate people, in some cases looking for love or deceiving companies looking to hire. In a 2024 study, half of the businesses surveyed said they'd experienced AI deepfake fraud. CBS News MoneyWatch correspondent Kelly O'Grady reports.
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.
AI users form relationships with technology
Some people are using AI as an emotional outlet — and developing a real relationship with artificial intelligence. It's a trend that people and AI companies are hesitant to talk about, but does appear to be on the rise.
Google, OpenAI, Spotify and other platforms hit by widespread outage
Google, OpenAI and Spotify were down Thursday after a widespread tech outage.
Science
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Science
Invasive Asian needle ants pose risks
As summer kicks into high gear, the U.S. Forest Service is warning about an invasive Asian needle ant species found in dozens of states. Eric Day, entomologist at Virginia Tech, joins "The Daily Report" with more.
This T. rex ancestor is "missing link" to apex predators, scientists say
Apex predators, like the Tyrannosaurus rex, eventually arose from smaller-bodied tyrannosauroid dinosaurs called Khankhuuluu mongoliensis, the study's researchers said.
What to know about invasive ant with fatal sting reported in multiple states
A "sneaky" invasive species that has a potentially deadly sting can be found in more than a dozen states, according to experts.
Mars volcano that dwarfs Earth's tallest ones seen in new image
It marks the first time Arsia Mons has been imaged on the planet's horizon, NASA said.
Japanese probe's second straight attempt at moon landing a failure
A private lunar lander from Tokyo-based company ispace was aiming for a touchdown in the unexplored far north with a mini rover.
Crime
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Detroit detective dug deep for long-buried answers to missing person cases
Applying new techniques to old cases, law enforcement efforts brought closure for dozens of families who longed for answers.
Alternate juror tapped for Sean Combs trial
Week 6 of Sean "Diddy" Combs' sex trafficking and racketeering trial began with a juror's dismissal. CBS News legal reporter Katrina Kaufman has the latest from outside the courthouse.
Suspected Minnesota gunman appears in court
The man accused of killing a Minnesota state lawmaker and her husband made his first court appearance on Monday. CBS News' Lilia Luciano and Anna Schecter have the details.
FBI, Detroit police trying to solve cold cases
There's an effort underway in Detroit to solve cold cases by exhuming unidentified human remains. CBS News' Jim Axelrod reports. Then, former FBI special agent Katherine Schweit joins to discuss the process.
New details in Minnesota lawmaker shootings
Authorities on Sunday captured the suspected gunman who posed as a police officer to kill a Minnesota legislator and shoot another. CBS News correspondent Lilia Luciano has the latest from Minneapolis. Then, Matthew Dallek, historian and professor at George Washington University, joins to discuss the rise of political violence in the U.S.
Space
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NASA evaluating data indicating air leaks aboard space station are sealed
If initial results hold up, NASA says the delayed launch of a commercial research mission to the station could come as early as Thursday.
Commercial crew launch delayed while ISS air leak assessed
NASA wants to evaluate recent efforts to stop a small but persistent air leak in the Russian segment of the space station.
Axiom-4 mission delayed due to leak
NASA delayed the Axiom Mission 4 launch on Wednesday after SpaceX detected a liquid oxygen leak during a Falcon 9 rocket inspection. CBS News space consultant Bill Harwood has more.
Report: Pentagon, NASA push SpaceX competitors
Even as Elon Musk's SpaceX launched a radio satellite into orbit on Saturday, the Pentagon and NASA are pushing his competitors to speed up the development of their own spacecraft, according to the Washington Post. CBS News New York journalist Ali Bauman has more.
Mars volcano that dwarfs Earth's tallest ones seen in new image
It marks the first time Arsia Mons has been imaged on the planet's horizon, NASA said.
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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.
Attack on Pearl Street Mall in Boulder
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Summer music heats up 2025
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.
"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Jason Corbett murder: A look at the evidence
In August 2015, former FBI agent Tom Martens and his daughter Molly Corbett admitted killing her Irish-born husband Jason Corbett, insisting they beat him in self-defense
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Latest CBS News Videos
Reporter's Notebook: Trump immigration exceptions
President Trump has paused some immigration raids in industries like farming and hospitality. The shift marks a notable exception to his enforcement strategy. "CBS Evening News" co-anchor John Dickerson explains.
Doctors care for older patients on the streets
Nearly 140,000 Americans who are 55 or older are experiencing homelessness on any given day, and that number is estimated to nearly triple by 2030, according to a federal report. Elise Preston reports.
Why is homeless population getting so much older?
Homelessness in America has been steadily ticking up since 2019. Last year saw an 18% increase from the year before. Dennis Culhane, a professor at the University of Pennsylvania, joins to discuss.
Breaking down proposed GOP cuts to Medicaid
Proposed cuts in the current version of the Republican spending bill could amount to millions of people losing their health care coverage. Dr. Celine Gounder explains.
Behind Trump's shift in immigration enforcement
President Trump has shifted the focus of his nationwide immigration crackdown, saying he directed federal immigration officials to concentrate deportation raids on Democratic-led cities. Camilo Montoya-Galvez has details.