Italian yields skyrocket on 12-month bond auction
Italy paid 3.972 percent interest rates - up from 2.34 percent last month - to sell $8.12 billion in 12-month paper
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Italy paid 3.972 percent interest rates - up from 2.34 percent last month - to sell $8.12 billion in 12-month paper
Investors nervously await Sunday's Greek elections, when a party that's threatening to renege on the country's bailout terms could come away the big winner
CBS MoneyWatch Editor-at-Large Jill Schlesinger explains why the $125 billion aid package to Spain matters, and how could affect you and your money.
Credit rater Fitch downgrades 18 Spanish lenders amid growing skepticism about the country's bank rescue
Alexis Tsipras, who has a strong chance of winning Greece's critical elections, insists the continued implementation of the bailout conditions would be catastrophic
Country's borrowing costs are also rising for the second day in a row while stocks are falling
Oil touched an eight-month low near $81 a barrel amid concern Spain's bank bailout won't be enough to stem Europe's debt crisis
Country raised $2B but at a relatively hefty interest rate that rose from a similar debt sale last month
Once again, the responsibility for bailing out another European country falls on the back of Germany after lending money to Portugal, Ireland, Greece, and now Spain. Mark Phillips reports.
U.S. stocks reversed earlier gains amid growing uncertainty about a plan to rescue Spain's ailing financial sector
Eurozone finance ministers said they would make up to $125 billion in loans available to the Spanish government to prop up banks
Economy contracted by a quarterly rate of 0.8 percent in the first three months of the year, the worst contraction in three years
Investors will now turn their attention to the thornier issue of Greece, where voters head to the polls this coming weekend
Protesters ask why faulty banks, and not struggling people, bailed out; Spain's bailout the biggest yet
Says U.S. would make another terrible policy mistake if it allows European debt crisis to drag down our economy
Wall Street suffered its worst losses of the year following the dismal May jobs report, with unemployment rising to 8.2 percent. Mark Zandi, chief economist for Moody's Analytics, spoke with Jeff Glor on the situation in Europe, where the jobless rate is even worse at 11 percent, about how their performance will affect the recovery in the U.S.
There is growing concern Europe's economic woes are dragging down the American economy. Erica Hill reports from London.
Former President Bill Clinton spoke with Scott Pelley on the urgency needed to address the financial crisis in Europe and what he would do to fix it. Watch Pelley's full report tonight on the CBS Evening News.
Spain is one of several European countries in need of a bailout as banks face collapse under a load of toxic debt. Clarissa Ward reports on growing demonstrations there from people feeling the squeeze.
The unemployment rate in Spain for Spaniards under the age of 25 is 51 percent. Clarissa Ward reports on the growing unemployment problems in Spain and the possible mass exodus of young people that could follow.
Former Greek Prime Minister George Papandreou speaks with Scott Pelley and describes what he feels needs to be done to solve the Euro crisis and warns that time is running out.
British prime minister says the eurozone must become yet more integrated and consider more joint liability, such as a banking union
China cut its benchmark lending rate by a quarter percentage point to 6.31 percent for the first time since 2008
Decision by the bank's 23-member governing council left the refinancing rate at a record low 1 percent
Production dropped by an unexpectedly sharp 2.2 percent in April compared with the previous month, official data showed Wednesday
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Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
A federal appeals court sided with houses of worship from the Quaker, Sikh, and Cooperative Baptist Fellowship religious traditions.
The Justice Department is planning to deploy a record 1,000 federal monitors to polling places throughout the U.S. for the midterm elections.
The skeletal remains were found on Sunday, two years after similar drought conditions exposed bodies in the lake.
Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Five flavors of Outshine Fruit Bars sold nationwide were recalled because they may include glass, Dreyer's Grand Ice Cream said.
The lawsuit comes after the FCC ordered ABC to seek renewals between two and five years before its TV stations' licenses were set to expire.
Popular American chat app Discord says it suspended livestreams in line with a Brazilian government order, amid fierce criticism over a 13-year-old girl's death.
A federal appeals court sided with houses of worship from the Quaker, Sikh, and Cooperative Baptist Fellowship religious traditions.
The Justice Department is planning to deploy a record 1,000 federal monitors to polling places throughout the U.S. for the midterm elections.
The Justice Department is scrapping its longtime practice of hiring outside experts to help review competitive grant applications, multiple sources told CBS News.
The guided-missile destroyer USS Benfold spent four days without power last month after a problem with its engineering, according to a spokesperson for the Navy's 7th Fleet.
The disclosure requirement would be added to the Form 990, the annual return that nonprofit groups file with the IRS.
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Ukraine targets Moscow with a huge wave of drones as Russia warns the U.K. will pay a price for supplying Kyiv with long-range weapons.
The guided-missile destroyer USS Benfold spent four days without power last month after a problem with its engineering, according to a spokesperson for the Navy's 7th Fleet.
U.S. Ambassador to Turkey Tom Barrack says an Israeli attack on a Syrian air force base was an "unnecessary escalation that does not advance regional stability."
The man is accused of luring Amy Lopez under false pretenses into a secluded room, where he then allegedly handcuffed her, sexually assaulted her and killed her.
Palestinian-American Loui Ridi says he flew from Ohio to a village in the Israeli-occupied West Bank to stop settlers from seizing his home.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
"CBS Mornings" revealed the nominees for three categories at this year's VMAs, including artist of the year.
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to discuss some of her favorite books coming to the big screen this year.
Hayden Panettiere, who shares a daughter with the former boxing champ, died on Sunday at 36 years old.
With no signs of foul play or trauma, authorities said the investigation into actor Hayden Panettiere's death is just beginning. The former child star was on "Guiding Light" and also had breakout roles in "Heroes" and "Nashville." She died at 36 years old. Mark Strassmann reports.
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Artificial intelligence and the data centers powering the technology have become a flashpoint ahead of the 2026 midterm elections. Shira Ovide, a technology reporter for The Wall Street Journal, has more.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Popular American chat app Discord says it suspended livestreams in line with a Brazilian government order, amid fierce criticism over a 13-year-old girl's death.
Alpha School is a private school that teaches students subjects like math and reading with artificial intelligence apps. Mackenzie Price, co-founder of Alpha School, joins CBS News to discuss.
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
The body of Mississippi teen Nolan Wells was found days after he went missing during a Fourth of July boat trip. NAACP general counsel Kristen Clarke explains why the civil rights organization is joining the Wells family in searching for answers.
Lindsay Clancy's murder trial is generating endless discussion among true crime aficionados online, sparking theories and misinformation over the case. Kathryn Coduto, an assistant professor of media sciences at Boston University, explains why the case has taken social media by storm.
More witnesses will testify at the trial against the man accused of calling the shots in the 1996 murder of Tupac Shakur. CBS News legal contributor Caroline Polisi has the latest details.
Lindsay Clancy's former mother-in-law, Susan Clancy, told the courtroom on Tuesday that her former daughter-in-law was "begging for help" during postpartum.
A family is desperately searching for a New York woman after she went missing while visiting a friend in Las Vegas. Her daughters say they are now receiving texts from her phone demanding bitcoin. CBS News' Nicole Valdes has more.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
The Perseid meteor shower is the best viewing all year, according to NASA.
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
The body of Mississippi teen Nolan Wells was found days after he went missing during a Fourth of July boat trip. NAACP general counsel Kristen Clarke explains why the civil rights organization is joining the Wells family in searching for answers.
Members of the Florida-based conservative activist group Citizen Justice League were seen in an undercover video, posing in what they called Muslim costumes and pretending to be Minnesota voters looking for vouchers. The stunt could land them in serious legal trouble. CBS News' Esme Murphy reports.
"Buy now, pay later" company Klarna posted a shocking 27% revenue jump between April and June 2026. Stacy Cowley, a business reporter for The New York Times, breaks it down.
President Trump said on social media Tuesday that no talks or conversations are underway with Iran and that the Strait of Hormuz is "open and operating." However, shipping data says otherwise. CBS News' Natalie Brand has more.
Lindsay Clancy's murder trial is generating endless discussion among true crime aficionados online, sparking theories and misinformation over the case. Kathryn Coduto, an assistant professor of media sciences at Boston University, explains why the case has taken social media by storm.