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."
Health professionals at Rush Medical Center say Thursday's air quality is expected to be unhealthy for everyone, as the particles from the wildfires will be high and dense.
A "license suspended" sign hangs on the door of a downtown bakery after a failed health inspection, just one of many across the city recently.
A Chicago woman who was murdered and left in a cardboard box in rural Indiana in the 1970's has finally been identified after nearly 50 years.
Azura Stevens scored 18 of her 20 points in the first half, Sydney Taylor added 17 points, and the Chicago Sky beat the Seattle Storm 95-90 on Wednesday.
Mayor Brandon Johnson has yet to announce if he'll seek re-election next year, but a new poll reveals he faces a tough road ahead if he does run for another term.
Mayor Brandon Johnson has yet to announce if he'll seek re-election next year, but a new poll reveals he faces a tough road ahead if he does run for another term.
Chicago Public Schools officials on Wednesday announced plans to lay off hundreds of teachers and other staff and impose five furlough days to help close a $732 million deficit for next school year.
Acting Attorney General Todd Blanche testified Wednesday before the Senate Judiciary Committee for his confirmation hearing to lead the Justice Department in a permanent capacity.
The measure also allows states to opt out if they take action before the federal law is enacted.
Of the 162 employees, 82 were from central office positions and the remaining 80 were from those citywide positions, CPS said.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
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.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
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.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Chicago Soul Café opened Monday at 6248 S. St. Lawrence Ave.
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.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The 46th Taste of Chicago is cashless for the first time, accepting only credit cards, with a drone and fireworks show scheduled for approximately 9:15 p.m. Friday near Buckingham Fountain.
The Chicago Symphony Orchestra's summer home in Highland Park reopened after a $70 million gut renovation that redesigned the stage to reduce sound levels harmful to musicians.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
The now former Chicago police superintendent served out his last day on the job on Wednesday, July 15. Snelling announced his retirement earlier in the month.
Chief meteorologist Albert Ramon is tracking wildfire smoke arriving in Chicago, which can pose health risk for kids, older adults, and people with respiratory issues.
Wildfire smoke from Canada and Minnesota comes amid the heat wave and an Air Quality Alert already that has been extended.
With more than 11,000 restaurants in the city, inspectors can't be everywhere and customers should look at three areas—the dining hall, restrooms and staff.
The act was created in response to the phase-out of the penny, which allows businesses to round cash transactions to the nearest nickel.
Health professionals at Rush Medical Center say Thursday's air quality is expected to be unhealthy for everyone, as the particles from the wildfires will be high and dense.
A "license suspended" sign hangs on the door of a downtown bakery after a failed health inspection, just one of many across the city recently.
A Chicago woman who was murdered and left in a cardboard box in rural Indiana in the 1970's has finally been identified after nearly 50 years.
The district's budget plan calls for laying off 760 teachers, 801 teachers' aides, and 162 central office employees.
Mayor Brandon Johnson has yet to announce if he'll seek re-election next year, but a new poll reveals he faces a tough road ahead if he does run for another term.
A pair of jewelry importers have been charged in federal court in Chicago with smuggling millions of dollars in gold jewelry into the U.S. to avoid taxes, schemes uncovered by a federal task force that has surpassed $1 billion in recoveries and penalties over the past year.
Chicago is bracing for another heat wave, less than two weeks after the last one. This time, the heat comes with air quality concerns.
The university released what it's called a strategy statement about the impact it's already seeing artificial intelligence make on higher education and the legal profession.
New Cook County State's Attorney Eileen O'Neill Burke is fighting innocence claims more often than her predecessor, Kim Foxx, and hiring outside counsel to help.
On Tuesday evening, CBS News Chicago reported on wild weeds taking over a property in the South Side's Washington Heights neighborhood, and neighbors who said they spent months trying to get help.
Azura Stevens scored 18 of her 20 points in the first half, Sydney Taylor added 17 points, and the Chicago Sky beat the Seattle Storm 95-90 on Wednesday.
Dylan Cease struck out the side in the first inning, combining with 10 relievers on a three-hitter in a show of pitching dominance that led the American League to a 4-0 win over the National League in the All-Star Game.
The Cliburns are one of 10 sets of twins in MLB history to reach the major leagues.
Paige Bueckers had 22 points and 11 assists, Jessica Shepard added 19 points and 10 rebounds, and the Dallas Wings beat the Chicago Sky 96-91.
Chicago (50-45) swept the three-game series by outscoring the A's 24-2 after getting swept in three games against Boston.
A judge could decide Wednesday if a man accused of shooting and killing Chicago police Officer John Bartholomew and critically wounding his partner is fit to represent himself at trial.
A woman was arrested in Round Lake Beach, Illinois, Tuesday and charged with the death of her newborn child nearly 25 years ago.
Burglars smashed into a gas station minimart in the south Chicago suburb of Calumet City, Illinois, early Monday.
Armed robbers held up a restaurant in Chicago's Roseland community early Monday morning, police said.
Burglars tried unsuccessfully to take an ATM from a store in Chicago's West Town community early Monday, police said.
