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The Federal Reserve Board plans to raise interest rates. The New York Times Dealbook editor and the global chief economist of the Kroll Institute joined CBS News to discuss the breaking news.

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The Federal Reserve Board plans to raise interest rates. The New York Times Dealbook editor and the global chief economist of the Kroll Institute joined CBS News to discuss the breaking news.

  • The outlook for the sales of new homes over the next six months has dropped to its lowest level since June 2020.

  • Oil and gas stocks were hammered again this morning. Most stocks from the sector are in the red around noon as the market waits for the monthly oil market report. A massive sell-off in oil and gas stocks has been triggered by the plunge in oil prices.

  • Few know that Amazon has millions of Prime subscribers.

  • The Federal Reserve's interest rate hike will have an effect on risky assets.

  • Ramzan Kadyrov said he would need to train in Chechen fighting school before taking on Putin.

  • An additional $800 million in military aid is expected to be announced by President Joe Biden on Wednesday. Tuesday's recap.

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  • The consumer price index came in at 7.9% in February, the highest reading in 40 years. It's a good idea to include dividend stocks in your portfolio during times like this. When inflation is high, dividends account for more of the market's return.

  • The actress included her mother's tribute on her big day.

  • Demand for flights remains high despite airlines raising prices due to rising fuel costs. Delta Air Lines will raise ticket prices by about 10 percent each way to cover the rising fuel prices, while United and Southwest Airlines also said they have raised the ticket prices.

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  • American City Business Journals

    Maybe Meta Platform Inc.'s abandoned criptocurrency efforts weren't a waste of time. After leaving the social networking giant in December, a pair of veterans of its digital currency effort launched a new startup. Mo Shaikh, the CEO and chief technology officer of Meta, left the company because it wasn't making progress on its project.

  • The British-Iranian aid worker and her dual national husband arrived in Britain from Iran on Thursday, ending an odyssey that began when they were arrested in Iran. Prime Minister Boris Johnson celebrated the release on his official account.

  • In February, wholesale prices rose a sharp 0.8%, signaling that the hottest U.S. inflation in 40 years is unlikely to cool off in the spring.

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  • Kevin Holland is a citizen crimefighter.

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    The backlash came after the School Board voted to keep only five of 156 books.

  • Kate Hudson and Goldie Hawn are wearing sleek platforms, pumps and sandals.

  • The AirMini AutoSet is the world's smallest CPAP. For a limited time, you can get a free prescription for the AirMini.

  • The heads of the U.S. and Swiss air forces stressed the need for Western countries to strengthen security cooperation at an event on Tuesday that highlighted neutral Switzerland's increasingly assertive role in world affairs. The generals watched a Swiss pilot fly a Hornet fighter in a simulation flight as part of an official visit aimed at boosting cooperation as Bern prepares to receive more U.S. fighter jets.

  • The LBGT Education Bill is supported by a narrow majority of voters.

  • Two teens were stabbed near a high school in Queens, and police have released new images of the suspects.

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  • The Muslim American superhero in the Disney+ series is Iman Vellani.

  • She used the name Anna Delvey to scam the New York elite. She was the subject of a series on the internet.

  • The situation grows more dire by the minute, with her brother sending her messages that read: "I spend my days in fear for my loved ones."