Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
The Federal Reserve is expected to wrap up its first rate meeting of 2024 on Wednesday. CBS News business analyst Jill Schlesinger breaks down what to expect and how the Fed’s interest rate decisions affect your finances.
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
Regional banks are seeing steep drops in their 2023 fourth quarter profits after avoiding a crisis last year as inflation persisted. Gina Heeb, a Wall Street Journal reporter, joins CBS News with her take on the regional banking outlook.
The U.S. economy had a robust end to 2023, with the gross domestic product exceeding expectations, according to a new Commerce Department report. Axios chief economic correspondent Neil Irwin joins CBS News to discuss the 2024 economic outlook.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
New data on wholesale prices appears to indicate inflation may be moderating but has not yet cooled to the Federal Reserve's target. Greg Robb, an economics editor at MarketWatch, joins CBS News with insight on the new figures.
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
The labor market beat Dow Jones expectations in December with 216,000 jobs added, according to the latest labor report. The unemployment rate remained unchanged at 3.7%. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to break down the numbers.
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
The announcement escalates a divide within Israel's leadership.
Power outages could last weeks in parts of Houston, an official warned Friday.
Dali, the cargo ship that crashed into the Francis Scott Key Bridge in Baltimore before its collapse, is set to be refloated Monday after weeks of salvage efforts requiring the use of giant floating cranes and explosives.
Maryam Kamalmaz told the Associated Press that eight senior U.S. officials revealed earlier this month that they have specific and highly credible intelligence about the presumed death of her father, Majd.
Slovak Prime Minister Robert Fico, 59, was attacked as he greeted supporters following a government meeting Wednesday in the former coal mining town of Handlova.
Amtrak Train 281 was traveling from New York City to Niagara Falls.
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Seize the Grey crossed the finish line first in the Preakness Stakes on Saturday, ending Mystik Dan's Triple Crown bid.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
Seize the Grey crossed the finish line first in the Preakness Stakes on Saturday, ending Mystik Dan's Triple Crown bid.
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
The announcement escalates a divide within Israel's leadership.
Amtrak Train 281 was traveling from New York City to Niagara Falls.
Maryam Kamalmaz told the Associated Press that eight senior U.S. officials revealed earlier this month that they have specific and highly credible intelligence about the presumed death of her father, Majd.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
Police released what they say was a suicide note left by Boeing whistleblower John Barnett.
While the State Department bulletin is meant for overseas travel, there is concern of a domestic threat from ISIS, two sources told CBS News.
The man convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer was sentenced to 30 years in prison Friday morning.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
The announcement escalates a divide within Israel's leadership.
According to local media, the violence began last week following a clash between Kyrgyz people and foreigners in Bishkek, Kyrgyzstan.
French police are hunting for armed robbers who hit a jewelry store on one of Paris' poshest streets.
The latest disaster came on the heels of devastating floods that killed at least 70 people in April.
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Forever Now".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Country Kid".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Orion's Belt".
Comedian Paul Scheer shares stories from a new memoir "Joyful Recollections of Trauma."
Fashion designer who styled heavyweight champion Tyson Fury before his boxing match in Saudi Arabia against Oleksandr Usyk hopes clothes will give him an edge.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
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.
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
A 50-year-old man is charged with assault after actor Steve Buscemi was punched in an apparent random attack in New York City.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
In California, we learn how the site of past environmental disasters could be a key to America’s clean energy future. Then in Florida, we explore restoration efforts to reverse years of devastation in the Everglades. Watch these stories and more on Eye on America with host Michelle Miller.
Trucks carrying desperately needed aid are rolling across a newly U.S. built pier into Gaza; Chef Salil Mehta introduces diners to Malaysian food after eatery earns Michelin star
Join Norah O'Donnell for a rare, private tour inside St. Peter's Basilica in Vatican City, the largest church in the world. Watch Sunday's 60 Minutes for a wide-ranging conversation with Pope Francis and tune in Monday, May 20, for a Primetime special, "Pope Francis: The First", on CBS.
Severe storm in Houston, Texas kills at least seven people and caused power outages that could last for weeks. Also, North Korea launched short range ballistic missiles toward the sea of Japan. All that and all that matters in today’s Eye Opener.
A mom gives her teenage daughter a lifesaving gift that strengthens their bond. A barista gets a meaningful gift from a stranger who wanted to reward her for her kindness. Plus, other good news.