Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.
The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.
Top MBA programs like Harvard, Stanford, and Wharton are seeing rising unemployment rates among graduates, with 23% of Harvard’s 2024 MBA class still jobless three months post-graduation. This marks a significant shift, as companies prioritize specialized technical skills over generalist MBAs. Factors such as tech industry slowdowns, AI, automation, and restructuring are contributing to the…
Actors Christian Slater and Patrick Gibson join “CBS Mornings” to discuss what to expect in “Dexter: Original Sin,” which takes place 15 years before audiences first met Dexter in the original award-winning series.
Eastern Spain faces its deadliest flooding in Valencia, resulting in over 205 deaths. Torrential rains caused flash floods, worsened by climate change and poor urban planning. Late warnings and lack of risk awareness further contribute to the disaster, highlighting the need for improved emergency education.
India clinched a 44-run win over New Zealand, topping Group A in the Champions Trophy. With strong performances from Shreyas Iyer and Varun Chakravarthy, they are set to face Australia in the semifinals. New Zealand will compete against South Africa in the other semifinal. As India prepare for another high-stakes clash with Australia, here’s a…
Russia-Ukraine peace negotiations came to a screeching halt Friday after an Oval Office meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy erupted in anger. The world is now left wondering where negotiations go from here and whether the two world leaders can repair their relationship enough for the U.S. to broker peace. Some…
The U.S. is getting ready to send a missile defense system to Israel along with a limited number of troops, temporarily, to bolster Israel’s defenses against Iran. CBS News Pentagon reporter Eleanor Watson has more.