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.
Watch CBS News
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.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
Elon Musk, Tim Cook and other high-powered business leaders have been invited to be a part of the U.S. delegation traveling to China this week.
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
In a post on X Saturday, Musk offered to pay the salaries of TSA workers during the DHS shutdown.
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.
Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the number of spam and fake accounts on the platform. Twitter's stock tumbled as a result.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
Ashley St. Clair, the mother of one of Elon Musk's children, alleges Grok generated and published sexual deepfake images of her without permission.
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.
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
Blue Origin, owned by Jeff Bezos, plans to challenge SpaceX with the powerful, partially reusable New Glenn rocket.
Shareholders to decide this week whether to grant Musk, the world's richest person, one of the richest compensation packages in corporate history.
Oracle co-founder Larry Ellison took the title of world's richest person from Elon Musk after stock in the software giant shot up on Wednesday.
Tesla is asking shareholders to approve a pay package that would award 423 million shares to CEO Elon Musk if he hits certain milestones.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
In the lawsuit filed in February 2024, "Mandalorian" actress Gina Carano argued that she was wrongfully terminated and discriminated against following controversial posts made on social media.
A CBS News review of three of DOGE's largest cuts claimed so far found actual savings of 3% of what was claimed.
The Colorado Department of Transportation teamed up with researchers from Colorado State University to track this summer's monsoon storms.
The Arapahoe County Fair is celebrating its 120th anniversary this year with a mix of longtime traditions and new attractions for visitors of all ages.
The Front Range Passenger Rail District is asking for feedback on the new passenger rail service set to span from Northern Colorado to the southern part of the state.
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
Federal health officials said they've identified a new outbreak of the cyclospora parasite, but the source hasn't been specified.
The Colorado Department of Transportation teamed up with researchers from Colorado State University to track this summer's monsoon storms.
The Arapahoe County Fair is celebrating its 120th anniversary this year with a mix of longtime traditions and new attractions for visitors of all ages.
The Front Range Passenger Rail District is asking for feedback on the new passenger rail service set to span from Northern Colorado to the southern part of the state.
All lanes of I-70 reopened Thursday morning in western Colorado, days after flash flooding and mudslide debris forced officials to close the interstate.
Denver Health is expanding a program that puts whole blood directly into the hands of first responders, allowing patients with life-threatening injuries to begin receiving blood transfusions before they ever arrive at a hospital.
All lanes of I-70 reopened Thursday morning in western Colorado, days after flash flooding and mudslide debris forced officials to close the interstate.
The Arapahoe County Fair is celebrating its 120th anniversary this year with a mix of longtime traditions and new attractions for visitors of all ages.
Cities along the Front Range are talking about the benefits of the new passenger rail service in their communities. The Front Range Passenger Rail District says this is what the state can use to manage a growing population.
Faith leaders and community members protested outside of a proposed ICE Facility in Hudson on Thursday.
At Cheyenne Frontier Days, Thursday is a Day of the American West and there is something for everyone at the celebration.
There were 89 people arrested in the New York area over the course of the World Cup, the NYPD said.
Colorado general manager Josh Byrnes helped orchestrate a trade with his former team Monday as the Rockies sent right-hander Seth Halvorsen to the Los Angeles Dodgers for two minor league players.
When Brady Russell helped douse his coach Mike McDonald with Gatorade after winning the Super Bowl, he wasn't only celebrating a championship but a long, hard journey to football's mountain top.
As Spain's World Cup champs took to the stage with their trophy, President Trump joined them in their moment of glory.
Spain dominated the match, outshooting Argentina 20-3, but couldn't manage a goal in regulation — finally scoring in the second period of extra time.
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
Federal health officials said they've identified a new outbreak of the cyclospora parasite, but the source hasn't been specified.
There were 89 people arrested in the New York area over the course of the World Cup, the NYPD said.
As Iran's attacks keep ship traffic through the Strait of Hormuz to a trickle and oil prices surge, Gulf states are planning to invest billions in pipeline alternatives.
The Secret Service said a member of Vice President JD Vance's detail is under investigation for "compromising operational and information security."
The Secret Service said a member of Vice President JD Vance's detail is under investigation for "compromising operational and information security."
The House on Thursday voted to direct President Trump to end the war with Iran, after four Republicans joined Democrats to rebuke the president over his handling of the conflict.
The U.S. Navy is taking a major step to restrict press access to information about service members by no longer releasing information about any sailor's service history.
The GOP chair of the House Judiciary Committee encouraged the DOJ to look into criminally charging Jack Smith, alleging the former special counsel who brought charges against President Trump lied to Congress.
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
Federal health officials said they've identified a new outbreak of the cyclospora parasite, but the source hasn't been specified.
The FDA panel will review seven peptides and decide if they should be added to a list of substances that can be safely produced by compounding pharmacies.
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
Denver Health is expanding a program that puts whole blood directly into the hands of first responders, allowing patients with life-threatening injuries to begin receiving blood transfusions before they ever arrive at a hospital.
As Colorado experiences more extreme weather, from prolonged droughts and wildfires to heavy rainfall and flooding, researchers are taking a closer look at a consequence of climate change: the potential impact on human health.
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
The EU fined Google 890 million euros ($1 billion) after it said the tech giant broke digital antitrust regulations by setting up Google Play and its search engine to steer consumers toward its own services and apps over others'.
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
A man who stopped to help victims of a devastating motorcycle crash instead found himself handcuffed, jailed and accused of driving under the influence -- despite repeatedly asking officers to administer a breath test that he believed would prove his innocence.
For Billy Hailey, his release was a day he had been waiting for and working toward for 20 years. Now, he is unexpectedly back in custody after the state says it miscalculated the date.
A second family in Colorado says a little-known insurance rule has left them fighting two companies to get medical bills paid.
Memorials are being held in the hometowns of three wildland firefighters who died while battling a fire on the Colorado-Utah border. Meanwhile, the circumstances surrounding their deaths are still under investigation.
Concerns are emerging about a company formerly known as COE Bikes, which continues advertising free e-bikes and is now drawing scrutiny from state agencies.