Tech stocks tumble for a second day. Here's what's behind the selloff.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
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Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
SpaceX's stock closed the day at $160.95 after making its debut on the Nasdaq exchange.
SpaceX shares opened at $150 on Friday, 11% above their $135 offering price, after the company completed the largest initial public offering in history.
Elon Musk took the stand for the second day Wednesday in the landmark trial that pits the world's richest person against Sam Altman, a fellow OpenAI co-founder he accuses of betraying promises to keep the company as a nonprofit dedicated to humanity's benefit.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
A conservative Wisconsin Supreme Court justice first elected in 2007 will not seek a third 10-year term next year.
Executives from Waymo and Tesla faced questioning from U.S. lawmakers Wednesday on the safety of self-driving cars and robotaxis.
French authorities have asked Elon Musk to appear to answer questions as part of a probe into his social media platform X, following a raid on their offices in Paris.
French officials search X's office in Paris and ask Elon Musk to answer questions about the platform amid a probe into its algorithms and AI functions.
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
The European Union opened a formal investigation into Elon Musk's social media platform X on Monday after his artificial intelligence chatbot Grok spewed nonconsensual sexualized deepfake images on the platform.
Elon Musk told the World Economic Forum he believes artificial intelligence will be smarter than all of humanity by the end of the decade. Critics noted Musk has previously made bold predictions about self-driving cars, space travel, brain chips and robotics that have yet to fully materialize.
Ashley St. Clair, the mother of one of Elon Musk's children, alleges Grok generated and published sexual deepfake images of her without permission.
Tesla is poised to lose its top spot in annual electric vehicle sales to Chinese automaker BYD.
The White House is in damage control mode after a Vanity Fair article profiling Trump's cabinet, in which chief of staff Susan Wiles offered blunt assessments of the president's inner circle.
Time magazine named "the architects of AI" its 2025 Person of the Year on Thursday, calling out tech industry leaders behind the rise in artificial intelligence.
Wisconsin election clerks have referred 46 instances of suspected fraud and voting irregularities to prosecutors related to the November 2024 presidential election.
Elon Musk's SpaceX settled a lawsuit filed by the maker of the popular party game over accusations that the space technology company damaged land the card company owns in Texas.
The employees have until the end of the week to accept or reject the offer from the General Services Administration.
A Wisconsin state senator who came in third in the Democratic primary for governor in 2018 is running again.
That title now goes to Oracle co-founder Larry Ellison. The 81-year-old's finances are valued at $393 billion.
A conservative justice on the Wisconsin Supreme Court says she will not seek reelection, creating an open race for a seat on the court that's controlled 4-3 by liberals.
Tesla’s board is giving CEO Elon Musk another huge pay day, this one worth about $29 billion. It comes several months after a Delaware court again rejected Musk’s 2018 performance award following a shareholder lawsuit. Musk is currently appealing the order.
The antisemitic posts from Grok came days after Elon Musk wrote on X that the chatbot had been improved "significantly."
Alex Bregman, Michael Busch and Pete Crow-Armstrong added homers to help the Cubs win for the 10th time in 12 games.
The cheers could be heard across the park as families and friends gathered to watch one of the biggest matches of the World Cup so far—Mexico versus Ecuador.
The dangerous temperatures also brought out Chicago paramedics, firefighters, and local volunteers who are working around the clock to respond to heat-related emergencies.
Colson Montgomery and Junior Perez homered during Chicago's seven-run third inning and the White Sox pounded the Baltimore Orioles 9-3 on Tuesday night.
Police said the girl saw a man with a gray or black dog walking northeast through the park, who attempted to lure the girl after getting her attention.
The mother of a Loyola University freshman who was shot and killed in March delivered tearful testimony on Capitol Hill on Tuesday.
After the Supreme Court announced it would take up a challenge to Cook County's assault weapons ban, State's Attorney Eileen O'Neill Burke said she is ready to defend the law before the high court.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
The Supreme Court struck down federal limits on the amount of money a political committee can spend in coordination with federal candidates.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes.
Lionel Richie's Chicago concert at the United Center has been postponed after the singer became sick at his tour opener in St. Paul, Minnesota.
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
CBS News reports the agreement comes after an investigation by federal antitrust enforcers and state attorneys general alleged that Cal-Maine Food, Versova/Centrum and Hickman's Egg Ranch coordinated to artificially inflate daily egg price quotations between June 2022 and March 2025, leading to higher prices for retailers and consumers.
Fans of Team Mexico filled a venue in Aurora, Illinois, turning it into a sea of green, white, and red as they took on Ecuador.
A couple of chances for possible strong storms won’t be too far after the extreme heat. Chief Meteorologist Albert Ramon is tracking the latest in First Alert Weather.
The increase applies to most people who work at businesses with at least four employees. The tipped minimum wage will increase to $12.96 an hour for workers like restaurant servers or bartenders.
The witness says he and his wife tried to diffuse the situation but backed down when the photographer hit the attacker with a folding stool.
During the incident, a reporter and photographer were approached by three men, one with a dog, before their news truck and gear were destroyed.
The cheers could be heard across the park as families and friends gathered to watch one of the biggest matches of the World Cup so far—Mexico versus Ecuador.
The dangerous temperatures also brought out Chicago paramedics, firefighters, and local volunteers who are working around the clock to respond to heat-related emergencies.
Fourteen new laws will go into effect in Illinois on July 1, 2026.
Gov. JB Pritzker on Tuesday issued a state disaster proclamation for eleven counties ravaged by severe weather this spring and early summer.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
An Uber driver who was assaulted during a ride said he begged Chicago police officers not once but twice for help, but was left to fend for himself.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
The Cook County Sheriff's Office has been a part of Illinois' enhanced CTA security plan and state-led task force dedicated to making it safe since the end of March. Their officers have worked more than 4,000 hours a month.
A rideshare driver was shot in Chicago's North Lawndale neighborhood on Monday night.
Alex Bregman, Michael Busch and Pete Crow-Armstrong added homers to help the Cubs win for the 10th time in 12 games.
Colson Montgomery and Junior Perez homered during Chicago's seven-run third inning and the White Sox pounded the Baltimore Orioles 9-3 on Tuesday night.
A 9-year-old boy from Arizona won a nice chunk of change recently, thanks in part to the signature of Chicago White Sox infielder and slugger Munetaka Murakami.
It was Suzuki's second career game-ending hit and Chicago's major league-leading 10th walk-off win this season.
Colson Montgomery hit a go-ahead double in the eighth inning, Jacob Gonzalez drove in three runs and the Chicago White Sox beat the Baltimore Orioles 8-2 on Monday night in the opener of their series.
A man was charged with videotaping a boy in a men's restroom at Woodfield Mall in Chicago's northwest suburbs last week.
Police in Burr Ridge, Illinois, issued a warning Tuesday about burglars using distractions to break into homes.
A man was sentenced to eight years in prison earlier this month for robbing a mail carrier on Chicago's Near West Side back in 2022.
A new trial was denied Monday for Marni Yang, who is serving life in prison for a 2007 shooting that left a romantic rival dead.
A Chicago Transit Authority switch worker was shot and killed in Chicago's Roseland community early Monday morning.
