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."
Brayan Rocchio hit a two-run homer in the bottom of the ninth inning that gave the Cleveland Guardians a 6-5 victory over the Chicago White Sox in the opener of a four-game series between the top two teams in the AL Central.
A new AI-powered tool being used by some police departments claims to turn a shell casing into an investigative lead in under 24 minutes.
New data from the Chicago Police Department shows violent crime in the city is slightly up from the record lows of 2025.
Tens of thousands of people are expected to watch Fourth of July fireworks at and around Navy Pier Saturday as the city celebrates America's 250th birthday.
Illinois State Police said two people have been arrested in connection to the remains of a Plainfield man that were found in Lake Mattoon in June.
Dr. Debra Houry, who resigned in protest from the health agency, said the spread of misinformation impacted lives.
David Hearn is accused of ripping out a piece of sealant on the bottom of the Reflecting Pool on June 19, U.S. Attorney Jeanine Pirro said.
Illinois House Speaker Emanuel "Chris" Welch is making moves to remove state Rep. Harry Benton (D-Plainfield) from office.
Special Agent-in-Charge Douglas DePodesta, who has led FBI Chicago for the past three years, is leaving his post on July 6.
Chicago police Supt. Larry Snelling announced Wednesday that he is retiring later this month.
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.
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.
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.
Renowned singer-songwriter and Chicago-area native John Prine will be honored with a mural at the Old Town School of Folk Music in the Lincoln Square community.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
Taylor Swift and Travis Kelce's wedding plans include a rehearsal dinner and a late-night celebration at Madison Square Garden in New York City, according to sources familiar with the security planning.
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.
Mostly cloudy and still hot Friday with afternoon and evening thunderstorms likely, including some that could become strong. Highs around 90.
A new AI-powered tool being used by some police departments claims to turn a shell casing into an investigative lead in under 24 minutes.
Tens of thousands of people are expected to watch Fourth of July fireworks at and around Navy Pier Saturday as the city celebrates America's 250th birthday.
New data from the Chicago Police Department shows violent crime in the city is slightly up from the record lows of 2025.
A judge ruled the three men charged in an attack on a CBS News Chicago crew and others will remain in custody until they go to trial. One of them is charged with a hate crime for hurling racist slurs at our photojournalist.
A new AI-powered tool being used by some police departments claims to turn a shell casing into an investigative lead in under 24 minutes.
The men charged with attacking a CBS News Chicago crew near the Adler Planetarium were ordered detained until trial on Thursday.
Illinois State Police said two people have been arrested in connection to the remains of a Plainfield man that were found in Lake Mattoon in June.
A naked man was arrested and charged after three women were assaulted in downtown DeKalb Thursday.
Tens of thousands of people are expected to watch Fourth of July fireworks at and around Navy Pier Saturday as the city celebrates America's 250th birthday.
A new AI-powered tool being used by some police departments claims to turn a shell casing into an investigative lead in under 24 minutes.
University of Illinois - Chicago scientists took their lab work to the streets of the South Side during this week's heat wave, checking on tree cover and tree health in some of Chicago's more vulnerable neighborhoods.
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.
Brayan Rocchio hit a two-run homer in the bottom of the ninth inning that gave the Cleveland Guardians a 6-5 victory over the Chicago White Sox in the opener of a four-game series between the top two teams in the AL Central.
The Cubs (49-38) have won five straight after sweeping the Padres (43-42), who have lost five in a row.
Dean Kremer pitched six impressive innings in his return from a quad injury, and the Baltimore Orioles avoided a sweep Wednesday with a 6-1 victory over the Chicago White Sox.
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 man was ordered detained Thursday after the shooting death of an employee at an Amazon Fulfillment Center in Matteson, Illinois, earlier this week.
A man is charged for sexually assaulting a woman while she was jogging on the 606 Trail in Chicago's Logan Square neighborhood over the weekend.
Burglars crashed a sport-utility vehicle into a convenience store in Chicago's Loop early Thursday morning.
The men charged with attacking a CBS News Chicago crew near the Adler Planetarium were ordered detained until trial on Thursday.
The FBI said in a statement Wednesday that some ransom notes in Nancy Guthrie's disappearance have been "deemed to be extortion attempts without legitimacy," and other "demands may potentially be legitimate and are still being investigated as such."
