Larry E. Swedroe's Blog, page 1148

New data show housing market may be cooling off

The Federal Reserve's biggest interest rate hike since 1994 will push mortgage rates higher, and that means more homebuyers may be priced out of the housing market. Danielle Hale, chief economist of Realtor.com, joined CBS News' Errol Barnett and Elaine Quijano discuss.

Russian super yacht seized by U.S. docks in Hawaii, flying American flag

The U.S. government says the luxe ship, which is nearly the length of a football field, is owned by sanctioned gold mining billionaire Suleiman Kerimov.

Internet Explorer browser retires today

The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of tech history.

CBS Evening News, June 15, 2022

Fed issues largest rate hike in decades; Middle school basketball team overcomes the odds to win championship

President Biden calls out U.S. oil companies as gas prices soar

President Biden sent letters to several U.S. oil companies Wednesday, asking them to do more to reduce the price of gas. Zeke Miller, a CBS News political contributor and White House reporter for the Associated Press, joined Matt Pieper to discuss the issue.

Historic flooding devastates Yellowstone National Park

Yellowstone National Park remains closed after historic flooding washed away roads and trapped residents. Officials say search and rescue operations are ongoing. Jonathan Vigliotti reports.

New video shows GOP lawmaker leading tour before Capitol attack

The House committee investigating the Jan. 6 attack released new video showing GOP Rep. Barry Loudermilk leading a group of people on a tour of the Capitol complex the day before the riot. One of the men on the tour took photos of staircases and hallways and then marched to the Capitol a day later, according to the committee. Scott MacFarlane has the details.

Markets react to the Fed's largest interest rate hike since 1994

The Federal Reserve on Wednesday announced its largest interest rate hike since 1994, in an effort to combat historic inflation. Matthew Luzzetti, a senior economist at Deutsche Bank, joins CBS News to discuss how the move is impacting the stock market.

Reports: Russia captures 2 Americans fighting in Ukraine

Two Americans, both military veterans, have reportedly been captured on the battlefield in Ukraine. Now, their fate is uncertain. Chris Livesay reports.

6/15: CBS News Mornings

Fed likely to announce interest rate hike; Texas lawmaker demands answers on police response.