Fed lowers rates by 0.50 percentage points, its first cut since 2020

No. 22 Illinois beats No. 24 Michigan 21-7 for its first win over the Wolverines since 2009

Luke Altmyer threw for a touchdown and ran for another, leading No. 22 Illinois to a 21-7 victory over No. 24 Michigan

Sports - ABC News - October 19

Bitcoin rises 3% after topping $73,000 for the first time since March

Bitcoin has struggled to reclaim the $70,000 level this year after reaching a record of $73,797.68 in March.

Business - CNBC - October 29

Money Market Rates Are Lower, Yes. But Compared to What?

Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still flocking to them, our columnist says.

Business - The New York Times - October 18

Fed Beige Book continues to point to sluggish economy

Nine out of 12 districts report flat or declining activity.

Business - MarketWatch - October 23

Bryce Young ties Panthers franchise record for worst win percentage in first start back from benching

Young can break Chris Weinke's franchise record for worst win percentage by losing his next start

Sports - CBS Sports - October 28

Bank of Canada resorts to jumbo rate cut as growth falters

Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further

World - Financial Times - October 23

Illegal border crossings fall to lowest level since 2020

U.S. Customs and Border Protection has confirmed previous CBS News reports that illegal border crossings have reached the lowest point of Biden's presidency. CBS News national correspondent Omar ...

Inflation falls to lowest level since 2021 in Fed’s preferred gauge

Price increases have fallen to their lowest level in more than three years in the latest reading of the Federal Reserve’s preferred inflation gauge, strengthening the outlook for more interest rate ...

Politics - The Hill - October 31

Weight-loss drugs could be key in lowering US obesity rates – experts

Medications like Ozempic ‘transformed’ diabetes care because they improved health outcomes, say experts. Obesity rates have decreased slightly in the US and while it’s too early to say whether the ...

World - The Guardian - October 18

2 States to Vote on Lower Minimum Wage Rate for Tipped Workers

Massachusetts and Arizona plan ballot measures that could eliminate the subminimum wage paid to many workers in the restaurant and hospitality industries.

Business - Inc. - October 21

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

Rival creditor group offers Thames Water emergency loan at lower rate

The UK’s largest water and sewerage provider is struggling with a £19bn debt load

Business - Financial Times - October 31

Will you have a lower tax rate in retirement? Maybe not, financial advisors say

Most people will have a lower tax rate when they retire, but others won't due to factors like large required 401(k) and IRA withdrawals, advisors said.

Business - CNBC - 2 days ago

Trump has promised lower interest rates. That will be largely out of his control.

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a range of factors largely outside of the president’s control.

Politics - NBC News - 8 hours ago

Trump has promised lower interest rates. That will be largely out of his control.

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a range of factors largely outside of the president’s control.

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.

Business - MarketWatch - October 17

Interest rate cut hopes raised as wage growth slows

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

Which gold investment is best when rates are cut?

Some gold assets are better than others when interest rates are dropping, experts say.

Interest rates cut but Bank hints fewer falls to come

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

Bank of England cuts interest rates to 4.75%

Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecast

World - Financial Times - 2 days ago

In Shift From 2020, Identity Politics Loses Its Grip on the Country

There are signs that society is moving away from the progressive left’s often strict expectations about how to discuss culture and politics.

Top stories - The New York Times - November 2

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.

Business - CNBC - October 31

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.

New U.S. economy data before next Fed interest rate decision

The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.

Latest in Fed lowers rates by 0.50 percentage points, its first cut since 2020

No. 22 Illinois beats No. 24 Michigan 21-7 for its first win over the Wolverines since 2009

Bitcoin rises 3% after topping $73,000 for the first time since March

Money Market Rates Are Lower, Yes. But Compared to What?

Fed Beige Book continues to point to sluggish economy

Bryce Young ties Panthers franchise record for worst win percentage in first start back from benching

Bank of Canada resorts to jumbo rate cut as growth falters

Illegal border crossings fall to lowest level since 2020

Inflation falls to lowest level since 2021 in Fed’s preferred gauge

Weight-loss drugs could be key in lowering US obesity rates – experts

2 States to Vote on Lower Minimum Wage Rate for Tipped Workers

Credit card interest rates are surging: How to lower yours now

Rival creditor group offers Thames Water emergency loan at lower rate

Will you have a lower tax rate in retirement? Maybe not, financial advisors say

Trump has promised lower interest rates. That will be largely out of his control.

Trump has promised lower interest rates. That will be largely out of his control.

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

Interest rate cut hopes raised as wage growth slows

Which gold investment is best when rates are cut?

Interest rates cut but Bank hints fewer falls to come

Bank of England cuts interest rates to 4.75%

In Shift From 2020, Identity Politics Loses Its Grip on the Country

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

New U.S. economy data before next Fed interest rate decision

Topics