Trump unveils higher tariffs on dozens of countries on Aug. 1 deadline
Higher tariffs will be imposed on more than 60 U.S. trading partners starting next week as the Trump administration passed their self-imposed deadline.
Watch CBS News
Higher tariffs will be imposed on more than 60 U.S. trading partners starting next week as the Trump administration passed their self-imposed deadline.
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
The U.S. labor market is growing slower than expected, with only 37,000 private sector jobs added in May, far below expectations of over 100,000 jobs, according to the ADP jobs report. Small businesses and manufacturing lost jobs.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Stocks suffered their worst crisis since COVID in March 2020, as the Dow Jones plunged more than 2,200 points on Friday, over concerns about the fallout from President Trump’s tariffs. The NASDAQ and S&P lost nearly 6 percent. Posting on social media as he went golfing, the president called this “a great time to get rich.” But in a rare move, President Trump is calling on the Federal Reserve to cut interest rates. Fed chairman Jerome Powell warned on Friday that tariffs could do long-term harm to the economy.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
As the stock market recoiled from Pres. Donald Trump's announcement of reciprocal tariffs on what he called "Liberation Day," many average Americans feared for the cost of goods, their retirement savings, and the economy. So what do these tariffs mean for you and your wallet?
The Dow Jones Industrial Average dropped over 1,600 points Thursday while the Nasdaq sank more than 1,000 points as the stock market recoiled from President Donald Trump's announcement of reciprocal tariffs worldwide.
President Trump’s sweeping tariff plan sent shockwaves through Wall Street, with the Dow Jones dropping more than 1,000 points in the first 30 seconds of trading on Thursday, fueling fears of a recession.
The Dow Jones Industrial Average plunged over 1,400 points, or 3.5%, shortly after stock market trading opened Thursday in the wake of President Donald Trump announcing sweeping global tariffs Wednesday.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
Stocks in the U.S. fell for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
Police early Monday were searching for an attacker who shot and wounded two young men in Chicago's West Ridge or West Rogers Park neighborhood.
Chicago police were conducting a homicide investigation early Monday after a shooting in the city's Englewood neighborhood.
Newly acquired Luisangel Acuna was among the White Sox players getting on the field for the first time.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
The NBA Hall of Famer bear-hugged Reddick in victory lane and then jointly hoisted the Harley J. Earl trophy with the 23XI Racing driver.
The 11th Congressional District candidate, Tedora Brown, was left off the ballot after she was accused of gathering fake signatures to run for office.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
Cook County Board President Toni Preckwinkle is seeking a fifth term in office and is facing off against longtime Chicago Ald. Brendan Reilly (42nd) in the Democratic primary.
A federal judge has ruled that President Donald Trump's administration cannot pull back $600 million in public health grants allocated to four Democratic-led states, including Illinois, for now.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
A Near West Side diner known for drawing in Blackhawks fans and players is up for sale.
January may be the coldest time of the year, but Chicago is already looking forward to summer farmers' markets.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
There’s a lot of certainty in the world, so how can we find stability in our day-to-day. Joining Marie Saavedra with some ideas is Erica Hornthal, a therapist and the author of “Body Aware.”
Harvard sleep scientist Rebecca Robbins says we should spend about one third of our lives sleeping, yet many Americans aren’t resting easy. Evyn Moon reports.
The shooting happened Sunday evening in near Rockwell Street and Granville Avenue.
The files have caused an international domino effect, as millions of documents reveal Jeffrey Epstein’s global connections. Leigh Kiniry reports from London.
The latest shutdown is affecting agencies such as the Federal Emergency Management Agency, the U.S. Coast Guard, and the Transportation Security Administration.
The 11th Congressional District candidate, Tedora Brown, was left off the ballot after she was accused of gathering fake signatures to run for office.
Chicago police were conducting a homicide investigation early Monday after a shooting in the city's Englewood neighborhood.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
Police early Monday were searching for an attacker who shot and wounded two young men in Chicago's West Ridge or West Rogers Park neighborhood.
The 73-year-old was found safely after he was reported missing last month by his family.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
From Kat Abughazaleh to Jason Friedman, some surprising names lead in fundraising in Illinois' primary elections.
The move means the United States Environmental Protection Agency will no longer regulate greenhouse gases emitted from sources like cars, trucks and power plants.
CBS News Chicago is tracking what led to the death of an 8-year-old boy in Round Lake Beach and whether state officials were aware of any red flags before his murder.
Newly acquired Luisangel Acuna was among the White Sox players getting on the field for the first time.
The NBA Hall of Famer bear-hugged Reddick in victory lane and then jointly hoisted the Harley J. Earl trophy with the 23XI Racing driver.
Illinois pulled down 15 offensive rebounds, which led to 17 second-chance points, and outrebounded Indiana 38-25.
Saint Patrick High School in Chicago's Portage Park neighborhood finished third in Class 3A last year in what was a historic moment for the basketball program — marking their first ever trip to Champaign.
Cubs manager Craig Counsell said the plan is to let their players have some freedom, challenging balls and strikes in Cactus League games this spring.
Police early Monday were searching for an attacker who shot and wounded two young men in Chicago's West Ridge or West Rogers Park neighborhood.
Chicago police were conducting a homicide investigation early Monday after a shooting in the city's Englewood neighborhood.
A boy was shot and wounded early Sunday morning in Aurora, Illinois.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
Chicago police issued a community alert on Sunday after two robberies on the same Woodlawn neighborhood block involving a man whose victims had agreed to meet him on a dating app.
