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.
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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 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.
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Mortgage rates dropped after the Fed's interest rate cut announcement in September. Although rates appear to have slightly risen since dropping to a record two-year low, experts still believe they will trend down if the U.S. economy remains stable. Bankrate's Mark Hamrick joins CBS News with more.
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
The CBS News Confirmed team investigated housing scams that are impacting Americans nationwide. CBS News national consumer correspondent Ash-har Quraishi has more on avoiding scams when buying or renting a home.
Many prospective first-time home buyers feel like they're at a disadvantage as they face high interest rates and competition from a spiking number of all-cash offers. CBS News correspondent Nancy Chen has more.
The end of the partial government shutdown is in sight as the House is voting on final passage of a funding bill. Follow live updates.
Investigators are combing through the house of "Today" show co-host Savannah Guthrie's mother, Nancy, in search of clues to the 84-year-old's disappearance.
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
The man whom Jill Biden divorced for the eventual 46th President of the United States is now in jail on murder charges.
U.S. Central Command said the drone "aggressively" approached the USS Abraham Lincoln as it was crossing through the Arabian Sea.
Reshona Landfair, known as Jane Doe during R. Kelly's 2022 trial, speaks to "CBS Mornings" for her first TV interview about her new memoir.
Lindsey Vonn, 41, said she ruptured her left anterior cruciate ligament, or ACL, but that she was still planning to compete.
A day before Russian, Ukrainian and U.S. teams meet to talk peace, Putin's forces pounded Ukraine's energy infrastructure with dozens of drones and missiles.
For the first time, the top 10 cars on Consumer Reports' annual list of best new vehicles also include electric or hybrid models.
The brother and sister-in-law of Virginia Giuffre, one of Jeffrey Epstein's most vocal accusers, are speaking out about the Justice Department's handling of the latest Epstein files release.
Charles "Sonny" Burton faces execution in Alabama for his role in a 1991 robbery in which a man was fatally shot, even though Burton did not fire the gun or witness the killing.
U.S. Central Command said the drone "aggressively" approached the USS Abraham Lincoln as it was crossing through the Arabian Sea.
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
The Democratic members of a U.S. House committee have released the findings of a report examining last month's fatal shootings in Minneapolis by federal immigration officers.
PepsiCo said the price cuts are aimed at making its products more affordable as consumers struggle with affordability.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
For the first time, the top 10 cars on Consumer Reports' annual list of best new vehicles also include electric or hybrid models.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
Starting early Wednesday, United customers won't be able to book flights and access other services as the airline upgrades its reservation system.
The brother and sister-in-law of Virginia Giuffre, one of Jeffrey Epstein's most vocal accusers, are speaking out about the Justice Department's handling of the latest Epstein files release.
U.S. Central Command said the drone "aggressively" approached the USS Abraham Lincoln as it was crossing through the Arabian Sea.
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
In a state Senate race in Fort Worth's Tarrant County, Democrat Taylor Rehmet defeated Republican Leigh Wambsganss by 14 points — a 30-point swing from President Trump's results in 2024.
The Democratic members of a U.S. House committee have released the findings of a report examining last month's fatal shootings in Minneapolis by federal immigration officers.
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
Sgt. Chris Johnson was told that his heart condition had nearly been "instantly fatal." Rapid medical care and rigorous therapy helped him recover.
A day before Russian, Ukrainian and U.S. teams meet to talk peace, Putin's forces pounded Ukraine's energy infrastructure with dozens of drones and missiles.
U.S. Central Command said the drone "aggressively" approached the USS Abraham Lincoln as it was crossing through the Arabian Sea.
As Iran declares willingness to negotiate with the U.S., a woman who joined the recent protests says Iranians want their leaders out, and they want the U.S. to help.
Caden Fine, 17, from Birmingham, Alabama, and two of his teammates were killed when their vehicle collided with a semi-truck in Canada.
A U.S.-flagged tanker heading for Bahrain was approached and threatened by Iranian gunboats in the Strait of Hormuz, a British maritime security firm says.
Activist Gloria Steinem, who has fought for the rights of every woman, is on a mission to inspire the next generation. She is collaborating with Nobel Peace Prize Laureate Leymah Gbowee, who helped end the civil war in Liberia, on a new children's book. They talk to "CBS Mornings" about their experiences in their fight for equality and deciding to collaborate.
Three former winners of the Westminster Kennel Club Dog Show and their handlers join "CBS Mornings" ahead of this year's Best in Show title being awarded Tuesday. They talk about how they prepared to compete and what retirement is like now.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
NFL commissioner Roger Goodell spoke Monday about this year's Super Bowl halftime performer, Bad Bunny, following the artist's message about ICE at the Grammy Awards on Sunday. Goodell said the halftime performance is "used to unite people" and added, "I think Bad Bunny understands that and I think he'll have a great performance."
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Moltbook, a social media platform for AI agents to interact, is growing. The Verge senior AI reporter Hayden Field joins CBS News with more details.
Moltbook was launched last week by a software developer and mirrors the template of Reddit, but it's not for humans. Instead, it allows artificial intelligence agents to post written content and interact with other chatbots through comments, up-votes and down-votes. Tyler Cowen, professor of economics at George Mason University, joins CBS News to discuss.
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.
A new report from Bloomberg says Amazon found hundreds of thousands of cases of suspected child sex abuse material in its AI training data. Bloomberg tech reporter Riley Griffin joined CBS News to discuss.
While Thomas Edison's cylinders were the first to play recorded sound, they were impractical – leading Emile Berliner to come up with a better way to play music: The gramophone, invented in 1887, which played flat discs. Jane Pauley reports.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
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The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
The man whom Jill Biden divorced for the eventual 46th President of the United States is now in jail on murder charges.
The Democratic members of a U.S. House committee have released the findings of a report examining last month's fatal shootings in Minneapolis by federal immigration officers.
Reshona Landfair, who testified as Jane Doe in R. Kelly's 2022 federal trial in Chicago, tells CBS News' Jerick Duncan that the release of the 2019 docuseries "Surviving R. Kelly" was a pivotal moment in her life. Duncan joins CBS News 24/7 Mornings with more.
The Pima County Sheriff's Department is holding a news conference on Tuesday afternoon over the disappearance of Savannah Guthrie's 84-year-old mother, Nancy, which authorities believe was an abduction. A little bit of blood was found at Guthrie's home, sources told CBS News. Andres Gutierrez has the latest.
Investigators are combing through the house of "Today" show co-host Savannah Guthrie's mother, Nancy, in search of clues to the 84-year-old's disappearance.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
More than 50 years after NASA's last human mission to the moon, four astronauts, three Americans and a Canadian, are set for the 10-day Artemis II mission to the far side of the moon.
Artemis II echoes the Apollo-era missions that paved the way for the first moon landing — and sets the stage for what comes next.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
William Stevenson, former first lady Jill Biden's ex-husband, was indicted on a murder charge connected to the death of his second wife late last year in Delaware, police said Tuesday. CBS News correspondent Shanelle Kaul has more.
The House cleared a key procedural hurdle Tuesday for a funding package that would end the partial government shutdown. CBS News congressional correspondent Caitlin Huey-Burns has more.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
Brendan Banfield has been found guilty of the murders of his wife, Christine Banfield, and Joseph Ryan, inside the Banfield's northern Virginia home in 2023. 48 Hours correspondent Anne-Marie Green speaks with 48 Hours producer Michelle Sigona about Banfield's decision to take the stand after his former lover and family au pair, Juliana Peres Magalhães, detailed an elaborate catfishing scheme meant to lure Ryan to the Banfield home and make it look like he stabbed Christine. Banfield was also found guilty of child endangerment and use of a firearm.
A federal judge blocked the Trump administration from ending Temporary Protected Status (TPS) for 350,000 Haitians. CBS News immigration correspondent Camilo Montoya-Galvez has more.