Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
Index investing pioneer David Booth has a simple message for people navigating volatile financial markets: Stay calm and keep investing. Booth, a billionaire several times over whose Dimensional Fund Advisors manages $1 trillion, expands on that advice in a new book, “Stay Calm: Learn to Embrace Uncertainty in Investing and Life,” scheduled for publication on Sept….
Japan’s justice ministry said Friday it will cancel a collaboration with a controversial Netflix dating show featuring ex-juvenile delinquents, following backlash against what some called the glorification of crimes. Earlier this month, the ministry launched an unusual partnership with the streaming giant’s “Badly in Love,” releasing a poster starring its Season 2 cast members, including…
The U.S. deported more than 160 people to Haiti on Thursday for the first time since the Trump administration won a legal battle to end Temporary Protected Status for some 350,000 Haitians. The plane landed in the northern Haitian city of Cap-Haitien because the main international airport in Port-au-Prince is considered too dangerous. The U.S….
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
Founded in 1986, American Girl has created dolls, books and accessories that tell the stories of young girls in every American era. On the toy’s 40th anniversary, correspondent Faith Salie explores how making history come alive is also creating timeless bonds between generations that celebrate girlhood. (Originally broadcast April 12, 2026.) Source link
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) This week we present a rebroadcast of “The Money Issue,” our annual special broadcast hosted by Jane Pauley dedicated to the many ways…
As he fiddled with ideas earlier this year for how to rejuvenate Washington Dulles International Airport, the capital’s aging federally owned airport, President Trump asked a handful of the design and engineering firms competing for the contract to create three-dimensional models so that he could better picture the designs, multiple sources told CBS News. The…
Oil prices tumbled on Monday amid a pause in fighting between the U.S. and Iran, with U.S. Ambassador to the United Nations Mike Waltz saying Sunday on “Face the Nation with Margaret Brennan” that the break is aimed at “giving diplomacy some space.” Brent crude, the international benchmark, fell $6.35, or 6.6%, to $90.41 a barrel, while…
