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The Fed is widely expected to announce another cut to its bond-buying program to stimulate the economy. Jill Schlesinger has that and more in her look at the business week ahead.
When stock market trading resumes after the July Fourth holiday, the Dow Jones will open above 17,000 for the first time, thanks to a surge after a better-than-expected June jobs report. Max Wolff, chief economist at financial advisory firm Citizen.VC, talks to the "CBS This Morning" co-hosts about what the positive numbers mean.
With a surge in June hiring, the U.S. economy appears to be gaining momentum as nearly 1.4 million jobs have been created this year. The U.S. economy added 288,000 jobs for the month of June, dropping the unemployment rate to 6.2 percent. Anthony Mason reports.
President Obama marked the better-than-expected jobs report on Thursday by delivering an economic pep talk at a hub for technology startups in Washington, D.C.
The Dow Jones surged above 17,000 after a stronger-than-expected June jobs report that showed the economy gained more than 200,000 jobs for the fifth straight month. Margaret Brennan reports.
U.S. unemployment numbers are being released a day early due to the July 4th holiday. Plus, Target is asking customers to not bring guns in their stores. Jill Wagner reports on the day's top MoneyWatch headlines.
After a weaker-than-expected report on housing starts and a slump in mortgage activity, investors are awaiting data on new and existing home sales activity as well as prices. While the housing market has slowed notably in the first half of the year, many economists believe that it should recover from its current soft patch in the second half of the year and beyond. Jill Schlesinger has that story and more in her look at the business week ahead.
The government says the unemployment rate fell in 20 states in May while nearly three-quarters of states added jobs. The biggest unemployment rate drops were in Illinois and Massachusetts. Rhode Island has the nation's highest unemployment rate. Jericka Duncan has that story and more MoneyWatch headlines.
In a policy meeting yesterday, Federal Reserve Chair Janet Yellen said the unemployment rate would drop to 6 percent, which prompted a rally in the markets. Also, Amazon unveils its new smartphone; Jill Wagner reports on the day's top financial stories.
Speaking to reporters in her second formal news conference as head of the Federal Reserve, Janet Yellen downplayed the recent uptick in inflation, saying prices are rising in line with the central bank's 2014 projections.
Employers added 217,000 jobs in May, holding the unemployment rate steady at 6.3 percent. Joe Deaux, economics analyst for thestreet.com, joins “CBS This Morning: Saturday” to explain why economists aren’t happy.
The nation’s unemployment rate sits at 6.3 percent, just a tenth of a percent below the pre-recession peak. While the number of those out of work more than six months has dropped by more than 900,000 in the past year, the ranks remain bloated at 3.5 million. Jill Schlesinger reports.
Electronics retailer Best Buy says its cost cutting efforts helped the company post a profit of $461 million in the first three months of the year, compared to a loss during the same period in 2013. Jill Wagner has that story and more MoneyWatch headlines.
The unemployment rate is down in nearly all of the states. Analysts say that's a sign of widespread improvement in the nation's job market. Jericka Duncan has that story and more MoneyWatch headlines.
GM has added five recalls to its lengthy list, pushing the total number of recalled vehicles to more than 11 million this year alone. GM says they'll be recalling another 2.7 million cars and trucks to fix problems with brake lights, headlamps and power breaks. Jill Wagner has that story and more MoneyWatch headlines.
Fast food workers are taking their fight for higher pay global. Workers from dozens of countries on six continents are expected to strike on May 15. They’re demanding pay of $15 an hour. Jill Wagner has that story and more MoneyWatch headlines.
Employers added 288,000 jobs in April, bringing the unemployment rate down to 6.3 percent. CBS News contributor and analyst Mellody Hobson joins “CBS This Morning: Saturday” to discuss what this means for the economy.
The economy added a 288,000 jobs in April, the Labor Department said Friday. That is much more than economists had expected. The unemployment rate plunged to 6.3 percent, the lowest level since 2008. Jill Wagner has that story and more MoneyWatch headlines.
Ford announced that CEO Alan Mulally is retiring July 1st. Mulally, who is credited with saving the company from financial ruin, will be replaced by COO Mark Fields. Jill Wagner has that story and more MoneyWatch headlines.
President Barack Obama speaks with Major Garrett about the $600 million in grants for job training he announced Wednesday in Pennsylvania. The president said training for specific jobs, combined with apprenticeships and partnerships between the public and private sectors, will reduce unemployment and boost career advancement.
CBSNews.com Executive Washington Editor Steve Chaggaris talks with RealClearPolitics Political Reporter Caitlin Huey-Burns about the GOP's opposition to extending unemployment benefits and how it could impact the 2014 elections.
Women in the U.S. have lost more than five million jobs over the past year, including a travel consultant from Chicago who was laid off when travel was grounded last year. Caroline Fairchild, Editor-at-Large for LinkedIn News, joins “CBS This Morning” to give advice to women looking to get back into the workforce.
New legislation passed the Senate, but faces stiff opposition in the House. Plus, a look at Equal Pay Day and a new battery pack that can charge your phone in 30 seconds on today's MoneyWatch report.
At a recent job fair in New York City, employers were looking to hire veterans, who lag behind the general population when it comes to employment. Many of the employers at the fair say veterans have useful skills that make them valuable employees. Alexis Christoforous reports.
The U.S. added 192,000 new jobs for the month March, finally regaining jobs lost in the Great Recession. Private sector jobs are now at a record high of 116 million. But could that be reason to celebrate? CBS News business analyst Jill Schlesinger explains what these numbers could mean for the job market.
Democrats on the House Oversight Committee on Friday released 19 photos from a trove of images obtained from the estate of Jeffrey Epstein.
House Republicans have repeatedly defied Speaker Mike Johnson's leadership amid growing frustration over how he's led the fractious majority.
President Trump hosted members of the 1980 U.S. Olympic men's hockey team — famous for defeating the Soviet Union in the "Miracle on Ice" — at a bill-signing.
Two days after he was fired as head coach at the University of Michigan, Sherrone Moore was charged Friday in connection with what authorities have said is an assault investigation.
Maria Corina Machado, asked by CBS News' Margaret Brennan about Trump's threat of land strikes, said she'd "welcome more and more pressure" on Maduro.
King Charles III says that his cancer treatment will be reduced in the new year because of early diagnosis, effective intervention and adherence to doctor's orders.
Adm. Alvin Holsey relinquished command Friday in a ceremony at U.S. Southern Command headquarters after announcing early retirement amid U.S. buildup off of Venezuela.
"No president is legally allowed to tear down portions of the White House without any review whatsoever," said the National Trust for Historic Preservation in its lawsuit.
Charlie Kirk's widow Erika Kirk tells CBS News that it's easy to blame others for political violence, but she has a message for parents.
Air Force Staff Sgt. Andrew Wolfe "has made extraordinary progress," his medical team said.
Derrick Groves, 28, was sentenced Friday to two life sentences over a 2018 double murder, with the Louisiana judge rebuking him for the disruption caused by his five months on the run.
A Temple University law professor alleges in a suit that he breathed in contaminated air on a Boeing craft, leaving him physically impaired.
House Republicans have repeatedly defied Speaker Mike Johnson's leadership amid growing frustration over how he's led the fractious majority.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
A Temple University law professor alleges in a suit that he breathed in contaminated air on a Boeing craft, leaving him physically impaired.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
A ruling striking down emergency levies could force the federal government to return most of the tariff revenue it has collected this year, according to Penn Wharton.
President Trump has signed an executive order to block states from regulating artificial intelligence.
Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.
María Corina Machado, asked by CBS News' Margaret Brennan about Trump's threat of land strikes, said she'd "welcome more and more pressure" on Maduro.
Venezuelan opposition leader María Corina Machado spent hours in rough seas during a dangerous secret trip to Oslo to accept the Nobel Peace Prize.
House Republicans have repeatedly defied Speaker Mike Johnson's leadership amid growing frustration over how he's led the fractious majority.
"Both Countries are ready for PEACE and continued Trade with the United States of America," President Trump said on Truth Social.
Adm. Alvin Holsey relinquished command Friday in a ceremony at U.S. Southern Command headquarters after announcing early retirement amid U.S. buildup off of Venezuela.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
CBS News chief medical correspondent Dr. Jon LaPook speaks at length with former CDC director Dr. Rochelle Walensky about the hepatitis B vaccine and last week's vote by the CDC's vaccine advisory panel to change the recommendation for when children should get their first dose of the vaccine.
Genesis HealthCare's bankruptcy case in Dallas will allow the nursing home chain to avoid paying millions of dollars it promised for residents who were injured or died while in its care.
María Corina Machado, asked by CBS News' Margaret Brennan about Trump's threat of land strikes, said she'd "welcome more and more pressure" on Maduro.
Venezuelan opposition leader María Corina Machado spent hours in rough seas during a dangerous secret trip to Oslo to accept the Nobel Peace Prize.
King Charles III says that his cancer treatment will be reduced in the new year because of early diagnosis, effective intervention and adherence to doctor's orders.
"Both Countries are ready for PEACE and continued Trade with the United States of America," President Trump said on Truth Social.
"Archaeologists did not expect to find such well-preserved structures in such a harsh setting," geologist Yves Fouquet said.
King Charles III says that his cancer treatment will be reduced in the new year because of early diagnosis, effective intervention and adherence to doctor's orders.
Carl Erik Rinsch, a Hollywood director, has been convicted on charges that he scammed Netflix out of $11 million for a show that never materialized.
Taylor Swift appeared on "The Late Show with Stephen Colbert" on Wednesday while promoting her upcoming docuseries. She spoke about her life after the Eras Tour, her favorite songs from her catalogue and who she turns to for advice.
The iconic movie "Waiting to Exhale," starring Angela Bassett, Whitney Houston, Loretta Devine and Lela Rochon premiered 30 years ago this month. The film, which had an all Black cast and focused on female empowerment, was a box office hit. "CBS Mornings" co-host Gayle King spoke with the stars of the film about the movie and what Houston would think.
Singer-songwriter Sombr is up for Best New Artist of the Year at the Grammy Awards. He was the only writer on his debut album, "I Barely Know Her." He spoke to Anthony Mason about where his journey began and his whirlwind year.
President Trump signed an executive order Thursday that aims to prevent states from enforcing their own regulations on artificial intelligence. CBS News chief White House correspondent Nancy Cordes reports.
Stocks dipped lower on Friday as tech and AI companies came under pressure from President Trump. He signed an executive order on Thursday to stop state regulation of artificial intelligence, arguing that a patchwork set of rules could hold the U.S. back from dominating the competition. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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.
Artificial intelligence is providing tools to help navigate cyberattacks. Adam Meyers, CrowdStrike's senior vice president of counter adversary operations, joins CBS News with advice.
Disney announced Thursday that it would invest $1 billion in OpenAI and license more than 200 of its animated and illustrated characters to use in Sora's user-generated content. Jo Ling Kent has more.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Jurors began deliberations Friday in Brian Walshe's murder trial. Walshe is accused of killing his wife Ana, a charge he denies. Legal analyst Jennifer Roman joins to discuss.
Derrick Groves, 28, was sentenced Friday to two life sentences over a 2018 double murder, with the Louisiana judge rebuking him for the disruption caused by his five months on the run.
House Oversight Committee Democrats released several photos from Jeffrey Epstein's estate ahead of a Dec. 19 deadline when more files related to the convicted sex offender's case are expected to emerge. CBS News' Jake Rosen reports.
Sherrone Moore, who was recently fired from his head football coach position at the University of Michigan, appeared in court for his arraignment after being charged with several counts.
A man shot a student outside Stewartville High School in Minnesota on Friday morning, officials say. CBS News' Tom Hanson reports.
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
A pint-sized politician proves you are never too little to run a big campaign. David Begnaud catches up with the Agars, a father-son duo making history by competing together in triathlons. Plus, more heartwarming stories.
Venezuelan opposition leader María Corina Machado has reemerged in Norway after more than 11 months in hiding. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan spoke exclusively with Machado and joins "The Takeout" to unpack the interview.
As it stands now, Congress will head into the new year without extending Affordable Care Act subsidies. Republican Sen. Tim Sheehy of Montana and Democratic Sen. Alex Padilla of California join "The Takeout" to discuss finding a health care solution, as well as their bipartisan proposal on wildfire recovery.
A federal judge on Friday temporarily blocked the Trump administration from detaining Kilmar Abrego Garcia again. The 30-year-old Salvadoran national returned to his Maryland home Thursday night after being held for months at an immigration detention facility in Pennsylvania. CBS News immigration and politics reporter Camilo Montoya-Galvez has the latest.
President Trump signed an executive order Thursday that aims to prevent states from enforcing their own regulations on artificial intelligence. CBS News chief White House correspondent Nancy Cordes reports.