Late Friday afternoon, Xander Schauffele stood over an 8-foot birdie putt on the 18th hole at the North Course at Torrey Pines to make it to the weekend and extend the PGA Tour's longest active made cut streak.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. It's been a long ...

So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to keep the US economy in its current “good shape.” Will that pan out?