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.
Stock Market
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.
Stock market ends volatile week with sharp losses
The U.S. stock market on Friday ended its worst week since March 2020. John Quelch, dean of the University of Miami Herbert Business School, joins CBS News senior investigative correspondent Catherine Herridge to discuss the state of the economy.
MoneyWatch: Mortgage rates jump to 5.78%
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.
Financial expert talks impact of rate hike
The Federal Reserve raised interest rates by 0.75 percentage points Wednesday in an effort to fight inflation. CBS News Chief White House Correspondent Nancy Cordes reports on how the Biden administration is responding to the news, then CBS News Business Analyst Jill Schlesinger breaks down the impacts of this rate hike on the job market and your finances.
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.
How to manage your retirement account in a bear market
With stocks plunging and inflation at a 40-year high, experts offer tips for riding out the turbulence.
How to manage investments in a bear market
Making the right moves with your investments and retirement plan is key when the stock market is in free fall like it has been. Joe Saluzzi, partner and co-founder of Themis Trading spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about what to do with your portfolio.
Economy expert on stock market slump
Wall Street has entered a bear market, but experts warn you shouldn't do anything rash. CBS News Business Analyst Jill Schlesinger spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about how to handle your finances in a down market, and what's to blame for plummeting prices.
Stocks continue to fall, a day after S&P enters bear market
Volatility follows Monday's turmoil which brought panic among many worried about their 401(k) retirement savings.
Stocks just entered a bear market — here's what that means for your money
The S&P 500 hit a bear market for the first time in two years as stocks face "their worst start to a year in decades."
Stocks plunge as inflation soars at fastest pace in 4 decades
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
Markets await consumer price index report
Lori Bettinger, the co-president of Alliance Partners, joined CBS News' Tanya Rivero and Nikki Battiste to discuss the upcoming consumer price index report.
Stocks slide as investors fret about inflation
Dow dives more than 600 points as central bankers struggle to contain spiraling food, energy and other prices.
Stocks fall as inflation fears continue
Yahoo! Finance reporter Emily McCormick speaks with CBS News' Tanya Rivero and Elaine Quijano about the factors causing the U.S. stock market to fluctuate.
Stocks fall as trading wobbles along with investor confidence
Trading remains choppy as investors try to determine how rising interest rates and inflation will impact economy.
U.S. gas prices hit record high
While major financial markets ended the day in positive territory, the average price of gas in the U.S. hit a record high of $4.97 per gallon. CBS News' Elaine Quijano and Tanya Rivero discuss the latest developments with Tom Kloza, global head of energy analysis for the Oil Price Information Service.
Stocks close down despite upbeat jobs report
The U.S. added 390,000 jobs in May and unemployment remained flat at 3.6%, according to the latest jobs report from the Labor Department, but stocks closed the week in the red. CBS News' Elaine Quijano spoke with Lori Bettinger, president of BancAlliance and former director of the federal Troubled Asset Relief Program, about how this affects your paycheck.
MoneyWatch: Stocks down to close out May
The major stock indexes ended Tuesday with losses after ping-ponging throughout the day. Geetu Sharma, the founder and investment manager of AlphasFuture LLC, joins CBS News during the closing bell on Wall Street to discuss what was driving the market and what to expect in June.
Stocks slip after EU agrees to partial ban on Russian oil
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
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.
Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
Stock market comeback gains steam
Greg Swenson, a founding partner of the merchant banking firm Brigg Macadam, joins CBS News' Jim Axelrod to discuss the latest stock market updates.
Investigation
Sports betting apps entice fans as gambling exacts a growing financial toll
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Trump says proposed arch will also be a "top grade Military Complex"
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
Live
U.S. embassies across Middle East issue security alerts for Americans
The alerts did not cite a specific threat, but called for Americans to "exercise heightened vigilance."
Salazar tells Trump on Hispanic voters: "Preserve that fortune"
GOP Rep. Maria Elvira Salazar of Florida warned in a campaign ad last week that President Trump's immigration enforcement policy has "gone too far."
Germany's Merz remains defiant after historic state elections defeat
German Chancellor Friedrich Merz acknowledged that the result was a "disaster" but said he would still move ahead with his government's reform agenda.
Trump to meet Mamdani tomorrow in New York City
New York City Mayor Zohran Mamdani and President Trump have met at least twice since Mamdani was elected last year.
Democrat Andy Beshear on pursuing "The Great American Reset"
The two-term Kentucky Governor advises his fellow Democrats to speak like "normal people" and not shy away from progressive politics or religious faith. He discusses his book, "Go and Do Likewise," which teaches how to change minds by winning hearts.
Cassidy: Trump needs to be "radically honest" on vaccines
GOP Sen. Bill Cassidy of Louisiana urged the president to be "radically honest" when he's speaking about vaccines, as the U.S. this year has recorded the most measles cases in more than three decades.
Exclusive
Patrick Clancy: "I think I did the best I could"
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
U.S.
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18 suspects in killing of Haiti's president being extradited to Florida for trial
Eighteen suspects who were arrested in the July 2021 killing of Haitian President Jovenel Moïse were awaiting extradition to the U.S. on Sunday.
Cassidy: Trump needs to be "radically honest" on vaccines amid measles outbreak
GOP Sen. Bill Cassidy of Louisiana urged the president to be "radically honest" when he's speaking about vaccines, as the U.S. this year has recorded the most measles cases in more than three decades.
Bessent meets with Chinese counterpart ahead of Trump-Xi summit
Treasury Secretary Scott Bessent is meeting with Chinese Vice Premier He Lifeng, ahead of the planned summit between President Trump and Chinese President Xi Jinping this week.
Trump to meet Mamdani tomorrow in New York City
New York City Mayor Zohran Mamdani and President Trump have met at least twice since Mamdani was elected last year.
Full transcript of "Face the Nation with Margaret Brennan," Sept. 20, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Maria Elvira Salazar join Margaret Brennan.
MoneyWatch
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Nvidia's Jensen Huang rejects AI extinction fear as "doomsday narratives"
Predictions that AI could destroy humanity in a few years are irresponsible and not based on science, Nvidia's co-founder told CBS News.
Nvidia CEO calls for AI to be developed "as fast as we can"
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
Mortgage rates are nearing 7%. One house hunter says he's "despondent."
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Increased ICE enforcement in 2025 hurt local employment, analysis finds
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
AI security experts say they used Claude to hack ChatGPT
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
Politics
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Cassidy: Trump needs to be "radically honest" on vaccines amid measles outbreak
GOP Sen. Bill Cassidy of Louisiana urged the president to be "radically honest" when he's speaking about vaccines, as the U.S. this year has recorded the most measles cases in more than three decades.
Bessent meets with Chinese counterpart ahead of Trump-Xi summit
Treasury Secretary Scott Bessent is meeting with Chinese Vice Premier He Lifeng, ahead of the planned summit between President Trump and Chinese President Xi Jinping this week.
Trump to meet Mamdani tomorrow in New York City
New York City Mayor Zohran Mamdani and President Trump have met at least twice since Mamdani was elected last year.
Full transcript of "Face the Nation with Margaret Brennan," Sept. 20, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Maria Elvira Salazar join Margaret Brennan.
Salazar tells Trump on Hispanic voters: "Preserve that fortune"
GOP Rep. Maria Elvira Salazar of Florida warned in a campaign ad last week that President Trump's immigration enforcement policy has "gone too far."
HealthWatch
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Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
RFK Jr. tells anti-vaccine activists they have a "friend in the White House"
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
Twins conjoined at the head are separated in 25-hour surgery
The twins were born in Ethiopia with a rare condition that left them joined at the head. Doctors spent a year planning a separation surgery.
Exclusive
Porsha Williams reveals health emergency: "It all happened so fast"
Porsha Williams revealed to "CBS Mornings" co-anchor Gayle King that she had to undergo an emergency partial hysterectomy this year after doctors discovered 21 uterine fibroids
Conjoined twins separated in Ethiopia
Two-year-old conjoined twin sisters saw each other face-to-face for the first time after a successful 24-hour surgery to separate them. Ian Lee reports from the children's hospital in St. Louis, where it happened.
World
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18 suspects in killing of Haiti's president being extradited to Florida for trial
Eighteen suspects who were arrested in the July 2021 killing of Haitian President Jovenel Moïse were awaiting extradition to the U.S. on Sunday.
Germany's Merz remains defiant after historic state elections defeat
German Chancellor Friedrich Merz acknowledged that the result was a "disaster" but said he would still move ahead with his government's reform agenda.
Transcript: IBM vice chairman Gary Cohn on "Face the Nation with Margaret Brennan," Sept. 20, 2026
The following is the transcript of the interview with IBM vice chair Gary Cohn, who served as an economic adviser in President Trump's first term, that aired on "Face the Nation with Margaret Brennan" on Sept. 20, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," Sept. 20, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on Sept. 20, 2026.
Transcript: Sen. Bill Cassidy on "Face the Nation with Margaret Brennan," Sept. 20, 2026
The following is the transcript of the interview with Sen. Bill Cassidy, Republican of Louisiana, that aired on "Face the Nation with Margaret Brennan" on Sept. 20, 2026.
Entertainment
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Entertainment
9/20: Sunday Morning
Hosted by Jane Pauley. Featured: Battling sports gambling addiction; Charles Spencer on his sister, Princess Diana; Nvidia CEO Jensen Huang on AI; Kentucky Gov. Andy Beshear; Hollywood superagent Ari Emanuel; The Smithsonian's Lonnie Bunch; and a spectacle of buffalo puppetry.
Passage: Peter Max and Bob Mackie
"Sunday Morning" looks back on the life of Peter Max, whose psychedelic pop art became synonymous with the 1960s; and remembers costume designer Bob Mackie, who dressed the likes of Cher, Carol Burnett and Diana Ross.
Superagent Ari Emanuel: Born to fight
The Hollywood dealmaker is telling his life story in a raw, raunchy and rollicking new memoir, "Roll the Calls." He talks about growing up a bullied, dyslexic kid in the suburbs of Chicago, and explains why he is never afraid of confrontation.
Superagent Ari Emanuel: Born to fight
Hollywood dealmaker Ari Emanuel is telling his life story in a raw, raunchy and rollicking new memoir, "Roll the Calls." He talks with Turner Classic Movies host Ben Mankiewicz about his rise from the agency mail room to becoming executive chairman of WME Group and executive chair and CEO of TKO. He also talks about growing up a bullied, dyslexic kid in the suburbs of Chicago; becoming the inspiration for Ari Gold in the HBO series "Entourage"; and explains why he is never afraid of confrontation.
Buffalo puppetry parade through New York City
This past week, a herd of 40 buffalo roamed the concrete canyons of Lower Manhattan and Brooklyn – life-size puppets that are part of a public arts project by St. Ann's Warehouse, a Brooklyn theater. Correspondent Anthony Mason reports.
Technology
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Technology
9/20: Sunday Morning
Hosted by Jane Pauley. Featured: Battling sports gambling addiction; Charles Spencer on his sister, Princess Diana; Nvidia CEO Jensen Huang on AI; Kentucky Gov. Andy Beshear; Hollywood superagent Ari Emanuel; The Smithsonian's Lonnie Bunch; and a spectacle of buffalo puppetry.
Nvidia's Jensen Huang rejects AI extinction fear as "doomsday narratives"
Predictions that AI could destroy humanity in a few years are irresponsible and not based on science, Nvidia's co-founder told 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.
Extended interview: Nvidia's Jensen Huang
In this web exclusive, Nvidia CEO Jensen Huang talks with CBS News' Jo Ling Kent about the exponential growth of AI, industry warnings about its power, and why he disagrees with recent calls to slow down development.
Nvidia's Jensen Huang on artificial intelligence
The Atlantic recently called Nvidia founder and CEO Jensen Huang "the most powerful man in AI." He talks with correspondent Jo Ling Kent at Nvidia headquarters in Santa Clara, Calif., about the latest developments in artificial intelligence and the ongoing debate over safety and regulations.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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18 suspects in killing of Haiti's president being extradited to Florida for trial
Eighteen suspects who were arrested in the July 2021 killing of Haitian President Jovenel Moïse were awaiting extradition to the U.S. on Sunday.
Patrick Clancy on life after trauma
In an exclusive interview airing Sunday on 60 Minutes, Patrick Clancy shares his side of the story, just weeks after his ex-wife Lindsay Clancy's murder trial ended without a verdict. Ross Douthat sat down with Patrick Clancy to discuss life after trauma and what lies ahead.
Patrick Clancy: "I think I did the best I could"
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time. Watch more of the interview on 60 Minutes on Sunday.
Holdout juror in Clancy case speaks
The holdout juror in Lindsay Clancy's triple murder case has released a statement. Shanelle Kaul reports.
Police capture suspected serial killer disguised as woman, carrying baby
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
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.
Latest Galleries
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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.
Latest CBS News Videos
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Latest CBS News Videos
Cassidy on importance of measles vaccine
Republican Sen. Bill Cassidy, who is a licensed medical doctor, told "Face the Nation with Margaret Brennan" that as the measles epidemic grows, "having measles is not a kind of victimless experience — it's a little bit like drunk driving. You know, you can drink and get drunk, but if you drive, you're going to hurt other people."
Trump: Arch will be used as military complex
President Trump posted on social media early Sunday that his proposed 250-foot arch near Arlington National Cemetery will be used as a military complex, saying there will "large numbers of drones, plus Snipers, on both the roof and plaza areas, and additionally have and hold large quantities of sniper ammunition in storage."
Nvidia CEO Jensen Huang on AI fears
As some in the AI community have warned that the technology could end humanity, Nvidia CEO Jensen Huang tells CBS News' Jo Ling Kent that that messaging is "quite frankly too much drama, irresponsible. It is not grounded in facts."
Cohn on Americans' consumer sentiment
IBM vice chairman Gary Cohn, who served as an adviser in the first Trump administration, told "Face the Nation with Margaret Brennan" that "consumer sentiment has turned quite negative" in the U.S. amid rising gas prices, concerns about AI and high cost.
Salazar on GOP keeping Hispanic voters
President Trump made historic gains with the Hispanic community in 2024 but his party faces a difficult midterm landscape amid his administration's immigration crackdown. Republican Rep. Maria Elvira Salazar, who released an ad this week distancing herself from Mr. Trump's immigration policy, urged the president to "please preserve that fortune that you have brought to the party."