First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
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The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
The Fed also reports that employment in Texas grew at an annualized 2.3% in January, while December job growth was 2.2%.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Removing a top Fed official threatens to shake investor confidence in the central bank's long-standing independence, according to Wall Street observers.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Federal Reserve is again leaving its benchmark interest rate at 4.25% to 4.5%, citing rising economic uncertainty.
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
She says six years of accusations, racist attacks, and political pressure gave her a deeper understanding of what it feels like to be targeted by the justice system.
A Frisco nonprofit prepares 3,000 care packages filled with comfort items and encouragement for women undergoing treatment.
Texas Attorney General Ken Paxton accused Maria Rojas of performing illegal abortions and practicing medicine without a license last year.
Students and teachers at ADSY campuses say the added instructional time strengthens relationships, boosts confidence, and helps curb summer learning loss.
A Southwest Airlines flight attendant is in ICE custody after being detained while at work, according to the union representing the airline's flight attendants.
She says six years of accusations, racist attacks, and political pressure gave her a deeper understanding of what it feels like to be targeted by the justice system.
A Frisco nonprofit prepares 3,000 care packages filled with comfort items and encouragement for women undergoing treatment.
Texas Attorney General Ken Paxton accused Maria Rojas of performing illegal abortions and practicing medicine without a license last year.
Students and teachers at ADSY campuses say the added instructional time strengthens relationships, boosts confidence, and helps curb summer learning loss.
A Southwest Airlines flight attendant is in ICE custody after being detained while at work, according to the union representing the airline's flight attendants.
More than 40 years after helping catch an ice cream truck driver who exposed himself to her, an Oklahoma woman testified against him in a Texas trial, helping secure a life sentence.
In 1991, a Plano girl was kidnapped and sexually assaulted. The same thing happened 8 years later in Dallas. Investigators found the same DNA on both victims.
Ashley Keith sat down with CBS News Texas for an exclusive interview, her first ever about her 1991 kidnapping.
A growing number of solar customers across the country have been left in limbo following a company's closure or bankruptcy.
Prosper police detectives say they were punished after reporting an alleged affair between a sergeant and a detective, prompting accusations that the department retaliated against whistleblowers.
The issue has divided conservative rural areas that have helped Republicans dominate state politics.
President Trump attended a dignified transfer honoring the four U.S. Army soldiers killed in the Middle East in recent days during the ongoing war with Iran.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
If the daylight saving time bill becomes law, most of the country would stay on daylight saving time year-round, while states that already observe standard time, like Hawaii and most of Arizona, could continue to do so.
Juan Jairo Coronilla Durán, 28, died July 14 after authorities said he darted across a busy road in St. Augustine, Florida, and into the path of a truck.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
The illness may take up to 14 days to incubate.
Dangerous heat is sending more people to the ER. Here's where North Texas outdoor workers can get free hydration kits.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Texas health officials are urging families to safely wash, handle and cook produce as Cyclospora cases rise.
A fairly new entertainment and food venue in Allen surprised a lot of people last week by suddenly shutting down.
The future of AI technology manufacturing has landed in North Texas.
Mayor Jim Ross said hotel revenue in the city was a record $31 million in June, smashing the previous mark of $23 million.
Cuban alleges Patrick Dumont has engaged in "adversarial business practices."
During every U.S. World Cup match, 18-year-old Aaron Dotson was selling patriotic gear in downtown Dallas.
Arike Ogunbowale had 24 points and Paige Bueckers added 21 for the Wings.
Chase Meidroth went 4 for 4 while he and Andrew Benintendi had a pair of run-scoring singles apiece and Anthony Kay pushed through five innings for his first win in more than a month as the Chicago White Sox beat the Texas Rangers 4-2.
Fudd is the only rookie participating and currently ranks 10th in the WNBA with 50 made triples so far this season – the most among all rookies.
Kumar Rocker pitched one-hit ball over six innings for his first win in his last 10 games, Brandon Nimmo homered among his four hits and the Texas Rangers routed the Chicago White Sox 10-0.
New York rallied from a 12‑point third‑quarter deficit, survived a late Dallas push, and capitalized on Ionescu's perfect overtime shooting to edge the Wings 99-98.
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
Throughout family hardships, divorce, and losing her voice to Lyme disease, Shania Twain became the top-selling female country artist of all time. She talks about her biographical new album, "Little Miss Twain," in which she reflects on her life with a smile.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
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.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
