Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Mortgage rates are expected to fall slightly this year, according to real estate experts looking at the data. Jessica Lautz, the deputy chief economist and vice president of research at the National Association of REALTORS, joins CBS News to discuss if homeowners should refinance their mortgages.
While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of close to $83,000 to afford a two-bedroom apartment there. Nancy Chen reports.
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Some financial experts expect mortgage rates to decline gradually over the coming months. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News with the data behind this projection.
In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
Will mortgage rates drop and home prices finally fall in 2024? Chen Zhao, who leads the economics team at Redfin, shares some early predictions for the housing market in 2024.
Sky-high mortgage rates that scared off some potential home-buyers this year are slowly starting to drop. Rates are now at their lowest level since June after hitting a 23-year high in October. Greg McBride, chief financial analyst at Bankrate, joined CBS News to discuss how much lower rates might go.
Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Many homeowners are struggling to keep up with their mortgage payments amid rising costs and high inflation. Here's how to catch up.
Deciding on an adjustable-rate mortgage boils down to how long you plan to own a property and if your income is stable.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Buying a home is now 52% more expensive than renting, a financial gap that is larger than during the 2006 housing bubble.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more.
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Existing home sales fell almost 1% in August and were down about 15% over the past year, according to new data from the National Association of Realtors. Aarthi Swaminathan, personal finance reporter for MarketWatch, joined CBS News to discuss the numbers.
Twelve people have been selected to serve as jurors in former President Donald Trump's criminal trial in New York, filling out the panel on the third day of proceedings.
Cuba's deputy foreign minister tells CBS News that his country is willing to accommodate more than one deportation flight per month.
The Supreme Court will consider Monday whether bans on public camping constitute "cruel and unusual punishment" barred by the Eighth Amendment.
House Rules allow a single member to force a vote on ousting the speaker. Conservatives want to keep it that way.
A man who spent more than 20 years in prison for murdering two married Darthmouth College professors back in 2001 has been granted parole.
Rep. Ilhan Omar's daughter says she was one of three students suspended from Barnard College following a pro-Palestinian protest at Columbia University on Thursday.
Italy joins a long list of countries offering foreigners the opportunity to relocate, laptops in tow.
Dubai is known for using planes to help prompt precipitation over the region. But experts say it did not play a role in this week's historic downpour.
Taylor Swift's successes and failures, including the battle to regain control of her master recordings, are part of the syllabus at the University of California, Berkeley.
"Ultimately we think this is a better approach that reflects the evolution of the business," Netflix Co-CEO Greg Peters said on an earnings call.
Taylor Swift's successes and failures, including the battle to regain control of her master recordings, are part of the syllabus at the University of California, Berkeley.
Prosecutors allege one of the suspects, Tifany Adams, provided a statement to law enforcement "indicating her responsibility" in the killings.
"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of putting it with a bank?"
Online furniture and home furnishings seller says it is opening a brick-and-mortar location in May.
"Ultimately we think this is a better approach that reflects the evolution of the business," Netflix Co-CEO Greg Peters said on an earnings call.
"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of putting it with a bank?"
Online furniture and home furnishings seller says it is opening a brick-and-mortar location in May.
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
Italy joins a long list of countries offering foreigners the opportunity to relocate, laptops in tow.
Rep. Ilhan Omar's daughter says she was one of three students suspended from Barnard College following a pro-Palestinian protest at Columbia University on Thursday.
House Rules allow a single member to force a vote on ousting the speaker. Conservatives want to keep it that way.
Cuba's deputy foreign minister tells CBS News that his country is willing to accommodate more than one deportation flight per month.
Police arrested more than 100 people at Columbia University on Thursday at a makeshift encampment set up by pro-Palestinian protesters on the university's main lawn.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
A landmark review for Britain's National Health Service found young people have been let down by "remarkably weak" evidence backing medical interventions in gender care.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
British lawmakers have backed legislation that would see the legal age to buy tobacco increase by one year every year until it's eventually banned.
A new generation of deodorant products promise whole-body odor protection. Should you try one? Dermatologists share what to know.
Cuba's deputy foreign minister tells CBS News that his country is willing to accommodate more than one deportation flight per month.
Two officers survived the plane crash in Elgeyo Marakwet county, about 250 miles northwest of Nairobi, Kenya.
Elections are set to kick off in India, the world's biggest democracy, but there's concern that democratic values are being eroded.
After Israel accused the U.N. of failing to "do its job," the head of a U.N. aid agency says it's Israel delaying the flow of food to those in need.
Police arrested more than 100 people at Columbia University on Thursday at a makeshift encampment set up by pro-Palestinian protesters on the university's main lawn.
"Ultimately we think this is a better approach that reflects the evolution of the business," Netflix Co-CEO Greg Peters said on an earnings call.
Taylor Swift's successes and failures, including the battle to regain control of her master recordings, are part of the syllabus at the University of California, Berkeley.
Taylor Swift's successes and failures, including the battle to regain control of her master recordings, are part of the syllabus at the University of California, Berkeley. Jo Ling Kent has more.
Dickey Betts, a guitarist and founding member of the Allman Brothers Band, has died at the age of 80 following a battle with cancer. Betts wrote some of the bands biggest hits, including "Ramblin' Man."
Taylor Swift took to social media hours ahead of the expected release of her new album "The Tortured Poets Department."
A bipartisan group of lawmakers has introduced a bill supporting the development of nuclear fusion power. Hank Jenkins-Smith, professor of public policy at the University of Oklahoma, joins CBS News to discuss.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
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.
U.S. Senators are pressing banks to take more actions to help victims of wire fraud. CBS News national consumer investigative correspondent Anna Werner has more on how Americans are being scammed.
Artificial intelligence has become so advanced it has now surpassed human performance in several basic tasks, according to a new report from Stanford University's Institute for Human-Centered Artificial Intelligence. Russell Wald, deputy director of the institute, joins CBS News to unpack more key findings from the study.
Some of the most critically endangered birds on the planet have been released back into the wild. CBS News national environmental correspondent David Schechter has more on the harsh conditions Puerto Rican parrots face, and the people working to save them.
Scientists are using a range of tools to protect the endangered wildlife that could disappear in coming decades.
A human jawbone containing several teeth was linked to a former U.S. Marine who died almost 75 years ago during a military exercise in California.
The recent births of Noreen and Antonia are boosting hopes of diversifying the endangered species.
Hurricane Maria nearly wiped out an endangered parrot in Puerto Rico, highlighting the grave threat climate change-fueled storms pose to endangered species.
Prosecutors allege one of the suspects, Tifany Adams, provided a statement to law enforcement "indicating her responsibility" in the killings.
The man faces seven charges related to drug importation and dealing and 12 other charges. He faces life in prison, officials said.
Twelve people have been selected to serve as jurors in former President Donald Trump's criminal trial in New York, filling out the panel on the third day of proceedings.
Sgt. Tony Anthony Mason Jr. was shot to death while sitting in a car with a woman he had been dating, according to police.
In an alibli court filing, lawyers for Bryan Kohberger, accused of fatally stabbing four University of Idaho students, claim he was "out driving" the night of the killings.
NASA confirmed Monday that a mystery object that crashed through the roof of a Naples, Florida home last month was space junk from equipment discarded by the space station.
NASA said it agrees with an independent review board that concluded the project could cost up to $11 billion without major changes.
It was a "bittersweet moment" as United Launch Alliance brought the Delta program to a close.
NASA flight engineers managed to photograph and videotape the moon's shadow on Earth about 260 miles below them.
Millions of Americans poured into the solar eclipse’s path of totality to watch in wonder. The excitement was shared across generations for the rare celestial event that saw watch parties across the country as almost all of the continental U.S. saw at least a partial solar eclipse.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Taylor Swift's successes and failures, including the battle to regain control of her master recordings, are part of the syllabus at the University of California, Berkeley. Jo Ling Kent has more.
U.S. officials, from the president to the Treasury secretary, are accusing China of pushing cheap goods. Mark Wu, professor of law at Harvard University, joins CBS News to examine how low-priced Chinese products could impact American businesses, workers and the global economy.
Some of the most critically endangered birds on the planet have been released back into the wild. CBS News national environmental correspondent David Schechter has more on the harsh conditions Puerto Rican parrots face, and the people working to save them.
A bipartisan group of lawmakers has introduced a bill supporting the development of nuclear fusion power. Hank Jenkins-Smith, professor of public policy at the University of Oklahoma, joins CBS News to discuss.
House Speaker Mike Johnson is bundling the bill that could lead to a ban on TikTok into his four-part foreign aid plan. The legislation would require TikTok's Chinese owner, ByteDance, to sell the popular social media network or face a ban in the U.S. CBS News congressional correspondent Scott MacFarlane has more.