Federal Reserve holds its benchmark rate steady at today's FOMC meeting
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
MoneyWatch
Latest News
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
New bill aims to protect American call center jobs and consumers from AI
A new proposed bill would protect both workers and American consumers from bad experiences with AI.
Lawsuit in court this week could throw a wrench in Trump's trade policies
Opening arguments start Thursday in a federal case that could upend President Trump's signature trade policy.
Even households earning $150,000 a year are struggling to pay their loans
More high-income Americans are falling behind on their loan payments as the market for white-collar jobs cools.
Trump announces 25% tariff on India
President Trump announced tariffs of 25% on imports from India — in addition to an unspecified "penalty."
Is the Fed likely to finally cut interest rates at this week's meeting?
President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at this week's monetary policy meeting.
Six months in, young people have soured on Trump's job handling
Most Americans under 30 approved at the start of President Trump's second term but are dissatisfied with the economy's direction.
YouTube to roll out AI-powered age-detection technology
Powered by artificial intelligence, the new tool will assess a person's age based on their activity on the platform — regardless of the birthday listed on their account.
Managing Your Money
More
How much interest can a $10,000 high-yield savings account earn now?
A $10,000 deposit into a high-yield savings account could result in a big return, should interest rates stay high.
What are today's HELOC and home equity loan interest rates?
HELOCs and home equity loans offer homeowners an affordable way to borrow money now. Here are the rates for each.
Debt relief moves to explore with interest rates on pause
The Fed's keeping high interest rates on pause. Here's what borrowers suffering under high-rate debt should do now.
From Our Data Team
Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs
CBS News is tracking the rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Retirement
Americans are holding off on retirement over money concerns, study finds
About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found.
Half of all private-sector workers lack access to a retirement plan
Tens of millions of Americans are unable to save for retirement through their jobs. "That's not a gap — it's a crisis," one expert says.
Couple faces retirement fears amid market swings
Like millions of Americans, Alicia and Chu Gomez are experiencing the waves of an uncertain, see-sawing market.
Work
Recent college graduates face a new obstacle in finding a job: AI
Unemployment is rising among recent college grads as employers turn to artificial intelligence to handle entry-level work.
Layoffs across the U.S. reach highest level since 2020. Here's why.
Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm.
New college grad? Here's what experts say you should know about AI.
We asked three experts what fresh college graduates can do to prepare as artificial intelligence changes how Americans work. Here's what they said.
U.S.
More U.S.
Gilbert Arenas arrested for allegedly operating illegal gambling ring
Former NBA star Gilbert Arenas, a member of an Israeli transnational organized crime group and four others were arrested for allegedly operating an illegal gambling and poker ring.
Senate GOP threatens rule change on nominations as Democrats block votes
Senate Republicans are mulling a possible rule change to allow them to more swiftly confirm President Trump's nominees amid Democrats' efforts to slow the process in protest to the president's policies.
Epstein grand jury transcripts contain testimony from 2 witnesses, DOJ says
President Trump directed Attorney General Pam Bondi and Deputy Attorney General Todd Blanche to unseal the grand jury testimony.
Virginia city councilman set on fire in attack over "personal matter," police say
Lee Vogler, a city council member in Danville, Virginia, was set on fire by a man who entered the office of a local magazine where he worked, police said Wednesday.
Tarantula mating season begins soon. Spiders can be spotted in these 5 states
Tarantula mating season kicks off in the fall. There are five states where the arachnids will be spotted most.
MoneyWatch
More MoneyWatch
Trump suspends de minimis exemption for low-value imports
Low-value parcels coming from other countries will no longer evade tariffs under the executive order President Trump signed Wednesday.
Federal Reserve holds its benchmark rate steady at today's FOMC meeting
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
New bill aims to protect American call center jobs and consumers from AI
A new proposed bill would protect both workers and American consumers from bad experiences with AI.
Trump announces 25% tariff on India
President Trump announced tariffs of 25% on imports from India — in addition to an unspecified "penalty."
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
Politics
More Politics
Gilbert Arenas arrested for allegedly operating illegal gambling ring
Former NBA star Gilbert Arenas, a member of an Israeli transnational organized crime group and four others were arrested for allegedly operating an illegal gambling and poker ring.
Senate GOP threatens rule change on nominations as Democrats block votes
Senate Republicans are mulling a possible rule change to allow them to more swiftly confirm President Trump's nominees amid Democrats' efforts to slow the process in protest to the president's policies.
Epstein grand jury transcripts contain testimony from 2 witnesses, DOJ says
President Trump directed Attorney General Pam Bondi and Deputy Attorney General Todd Blanche to unseal the grand jury testimony.
Harris says she won't run for California governor
Former Vice President Kamala Harris is not entering California's 2026 race for governor, she announced Wednesday.
U.S. sanctions Brazilian judge overseeing case against Trump ally Jair Bolsonaro
The Trump administration said it is sanctioning Brazilian Supreme Court Justice Alexandre de Moraes, who is overseeing a case against former President Jair Bolsonaro.
HealthWatch
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High Noon recalls vodka seltzer packs mislabeled as Celsius energy drinks
Beverage brand High Noon is recalling some of its beach variety packs due to some cans being mislabeled as non-alcoholic Celsius energy drinks.
Frozen ground beef with potential metal contamination recalled
Ada Valley Meat Company is recalling more than 1,000 pounds of fully cooked frozen ground beef that may be contaminated with metal, according to federal health officials.
Controversial vaccine official Dr. Vinay Prasad departs FDA
Dr. Vinay Prasad had been serving as the FDA's director of the Center for Biologics Evaluation and Research since May, and was later named chief medical and scientific officer.
RFK Jr.'s rhetoric appears to put blame on patients for health issues
In their zeal to "Make America Healthy Again," top Trump administration officials depict patients and the doctors who treat them as partly responsible for whatever ails them.
What the new CDC director has said about vaccines, fluoride and more
From vaccines to fluoride, here's what the newly confirmed CDC director Susan Monarez has said about some key health topics.
World
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U.S. sanctions Brazilian judge overseeing case against Trump ally Jair Bolsonaro
The Trump administration said it is sanctioning Brazilian Supreme Court Justice Alexandre de Moraes, who is overseeing a case against former President Jair Bolsonaro.
Underwater voyage finds sea creatures thriving in deep ocean
Researchers exploring deep ocean trenches in the Pacific Ocean found thriving lifeforms.
Laura Dahlmeier, 2-time Olympic champion, dies after climbing accident
Laura Dahlmeier, who began her career at 19, won two Olympic golds at the PyeongChang Games in 2018 and
MS-13 gang members storm funeral in Guatemala, killing at least 7
Guatemala is plagued by the violent rivalry between the Barrio 18 and Mara Salvatrucha, or MS-13, gangs.
Arrest made in December 2024 Melbourne synagogue arson attack
A 21-year-old Melbourne man, who was not identified, was arrested at a house on suspicion he had set the fire at the Adass Israel Synagogue in December.
Entertainment
More Entertainment
"We the Women" uncovers history's hidden female revolutionaries
In her new book, "We the Women," Norah O'Donnell reveals the overlooked contributions of women from 1776 to today.
Eater celebrates 20 years of food
Editor in Chief Stephanie Wu and famed pastry chef Dominique Ansel join "CBS Mornings Plus" to mark Eater's 20th anniversary.
Marc Maron on new comedy special
Comedian Marc Maron joins "CBS Mornings" to talk about his new HBO comedy special, "Panicked," the end of his 16-year podcast "WTF with Marc Maron," and his new series with Owen Wilson.
Family, fans bid farewell to Ozzy Osbourne at U.K. funeral procession
A funeral procession for legendary Black Sabbath frontman Ozzy Osbourne in Birmingham, England, gave fans a chance to pay their respects.
Paul Wesley honors William Shatner without imitation in new "Star Trek"
Paul Wesley says he made a conscious choice to develop his own version of James T. Kirk rather than copy William Shatner's iconic performance.
Technology
More Technology
YouTube to roll out AI-powered age-detection technology
Powered by artificial intelligence, the new tool will assess a person's age based on their activity on the platform — regardless of the birthday listed on their account.
Tea dating app breach bigger than previously thought, company says
Hackers accessed direct messages and selfies belonging to users of the women-only dating intel app, Tea says.
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.
PayPal to allow businesses to accept more than 100 cryptocurrencies
Merchants can opt into the cryptocurrency system, called "Pay with Crypto," in the coming weeks, according to PayPal.
New technology could improve aviation safety
A team at the University of Maryland is working on a flight suit that could help pilots avoid disorientation by using vibrations. The FAA says pilot disorientation causes 5% to 10% of all general aviation accidents. CBS News senior transportation correspondent Kris Van Cleave reports.
Science
More Science
Here's what experts say about tsunami warnings in Hawaii, Japan and Russia
"It's not one that's going to cause mass devastation. But it will cause coastal flooding and it will cause damage and it does put lives at risk if people don't move to high ground," an oceanography professor says.
Exploring embryo DNA modification and ethics
Eight babies in the UK were born using DNA from three people through an IVF technique that isn't legal in the U.S. NYU professor Arthur Caplan joins "CBS Mornings Plus" to explain the science and ethical concerns.
Researchers concerned over rise in teens using AI for friendship
In a new survey, 31% of teens said their conversations with AI companions were "as satisfying or more satisfying" than talking with real friends.
Humans beat AI at annual math Olympiad, but the machines are catching up
Humans beat AI programs made by Google and OpenAI at an international mathematics competition, but the technology shows some "very exciting" progress.
Can laughter really improve your health
Dr. Jon LaPook joins comedy legend Alan Zweibel to explore how laughter can reduce stress and support heart health.
Crime
More Crime
Virginia city councilman set on fire in attack over "personal matter," police say
Lee Vogler, a city council member in Danville, Virginia, was set on fire by a man who entered the office of a local magazine where he worked, police said Wednesday.
Manhunt continues in Arkansas double murder
Arkansas police have released a photo and sketch of a person of interest in the double murder at Devil's Den State Park. CBS News' Omar Villafranca has the latest details.
Police seek motive in NYC mass shooting
Police are seeking a motive in the New York City mass shooting that killed four people. CBS News' Lilia Luciano has the latest as more attention is placed on a note apparently left behind by the shooter.
Sneak peek: The Yogurt Shop Murders
ENCORE: The brutal murders of four teenage girls have haunted Austin, Texas, for more than 30 years. Could new information lead to a killer? "48 Hours" correspondent Erin Moriarty has reported on the case from the beginning and has the latest on the search for answers Saturday, Aug. 2 at 9/8c on CBS and streaming on Paramount+.
New details on the Manhattan gunman
The gunman who killed four people in Manhattan on Monday had a concealed carry license, police said. CBS News' Lilia Luciano has the latest details.
Space
More Space
Crew Dragon commander ready for delayed flight to space station
The Crew 11 flight include three fliers headed for space after reassignments in the wake of problems with Boeing's Starliner capsule.
More than 20% of NASA's workforce requests to leave agency
About 3,870 employees have applied to depart NASA over two rounds through the Trump administration's deferred resignation program, the agency disclosed.
NASA launches twin TRACERS satellites
NASA's twin TRACERS satellites launched from the Vandenberg Space Force Base in California on Wednesday. The satellites will study how to protect Earth from the space weather surrounding the planet. CBS News space consultant Bill Harwood has more.
NASA probes will study potentially dangerous "space weather"
Along with launching two NASA probes, the SpaceX Falcon 9 rocket carried five other satellites into orbit with goals ranging from basic science to technology development.
Americans on space race support
Sunday marks the 56th anniversary of the Apollo 11 mission -- the first to land humans on the moon. Now, NASA is in a multiyear effort to return astronauts to the moon starting in 2026, with an eye toward a crewed mission to Mars in the 2030s.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Summer music heats up 2025
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Evidence in the Suzanne Morphew case
Bizarre clues and evidence in the investigation into the Colorado mother's disappearance include a spy pen, plastic needle cap, and a chipmunk alibi.
Attack on Pearl Street Mall in Boulder
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Sneak peek: Son of Sam: A Killer Speak
ENCORE: He terrorized New York City, now he says he's a changed man. Serial killer David Berkowitz speaks out about what drove him to shoot. "CBS Evening News" co-anchor Maurice DuBois reports. Watch Saturday, Aug. 2 at 10/9c on CBS and streaming on Paramount+.
Fed leaves interest rates unchanged again
The Federal Reserve maintained its benchmark interest rate at Wednesday's Federal Open Market Committee meeting. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Texas GOP unveils planned congressional map
Republican lawmakers in Texas have revealed their proposal for a new congressional map. CBS News political reporter Hunter Woodall has more.
Trump on fallout with Jeffrey Epstein
President Trump is answering more questions about his prior relationship with Jeffrey Epstein and the employee poaching that Mr. Trump says led to the pair's falling out. CBS News executive director of White House and politics Fin Gómez has more.
Trump hits India with 25% tariff
President Trump announced a 25% tariff on goods from India, plus a "penalty" for buying Russian energy. CBS News' Olivia Rinaldi and Kelly O'Grady have more details.