Stock market whipsaws as Trump makes new China threat
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Watch CBS News
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The Dow Jones closed down 12.94 percent Monday, the worst one-day loss in history.
Global stock markets rebounded Tuesday after President Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
The financial markets tumbled on coronavirus fears and a crash in oil prices.
The Dow Jones Industrial Average lost 357 points, or 1.4%, to 25,409.
Meanwhile, the S&P 500 is headed for its worst week since October 2008, when the financial crisis pummeled markets.
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.
Residents across Los Angeles are rattled by the staggering stock market plunge. The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.
Banks and airlines are nudging stocks lower Monday, while economic worries continue to weigh on markets.
New hopes that a deal would be reached for Greece to avoid defaulting on its debts sent stocks higher Tuesday. The market gave up some of its gains following a surprise drop in U.S. consumer confidence.
Stocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.
Stocks are opening sharply lower after warnings about the finances of several European countries reignited fears about the region's debt crisis.
Stronger earnings reports from Ford and 3M helped drive stocks higher Tuesday. The Standard & Poor's 500 index was headed for its highest close since the financial crisis.
Mixed corporate earnings reports sent stock indexes wobbling Monday.
Wall Street will focus on another full slate of corporate earnings this week as several big companies report their first-quarter performance.
Johnson & Johnson led the Dow Jones industrial average higher on Tuesday. The health-care heavyweight rose 3 percent after reporting earnings that beat Wall Street's expectations. The company also raised its full-year earnings forecast.
A warning from Standard & Poor's that the agency might lower its rating on U.S. government debt sent stocks on their steepest slide in a month Monday.
Stocks are edging higher in midday trading at the start of the last full week before the next round of corporate earnings reports begin.
Stocks plunged Tuesday and bond prices rose as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 150 points.
Sydney Smith, 45, allegedly killed family members Ayanna Smith and Ayanna Scott on Friday.
Mexico's Ministry of Defense security forces killed the leader of the Jalisco New Generation Cartel, Nemesio Rubén Oseguera Cervantes, known as "El Mencho," in a military operation.
The crash was reported in the area of Slauson and Denver avenues in South Los Angeles early Sunday morning.
Through a sudden death overtime goal, the U.S. men's hockey team is golden over Canada.
For decades, Bob Baker's Marionette Theater has brought smiles and laughter to its audience of all ages. For the first time in 40 years, a new show debuts this summer.
Sydney Smith, 45, allegedly killed family members Ayanna Smith and Ayanna Scott on Friday.
Homeland Security Secretary Kristi Noem said in a statement that TSA and Customs and Border Protection are "suspending courtesy and special privilege escorts."
Mexico's Ministry of Defense security forces killed the leader of the Jalisco New Generation Cartel, Nemesio Rubén Oseguera Cervantes, known as "El Mencho," in a military operation.
FBI investigators have identified the human remains found near the Salton Sea as a 17-year-old Riverside County girl who was reported missing last year.
The crash was reported in the area of Slauson and Denver avenues in South Los Angeles early Sunday morning.
A jarring video shows the moments that a man attempts to carjack a vehicle from a woman pumping gas at a Lakewood Chevron station while her baby was still inside in early February.
A U.S. Postal Service worker was robbed in the Valley Glen neighborhood of the San Fernando Valley on Saturday, according to Los Angeles police.
Store employees say that the suspect stole a shelf worth of expensive Legos and that the total loss was in the thousands.
FBI investigators have identified the human remains found near the Salton Sea as a 17-year-old Riverside County girl who was reported missing last year.
Five people were arrested and more than $5 million in stolen cargo, including tractors, cars and forklifts, was recovered when Los Angeles police served a series of search warrants throughout Southern California this week.
One man was killed and another was wounded when they were shot at while driving in Santa Ana late Friday, according to police.
If you're looking to visit a museum, dozens of exhibits are offering free admission this weekend.
Four suspects stole about $180,000 worth of collectibles and Pokémon cards from an Anaheim store earlier this week.
Balboa Island's ferries are ditching diesel and turning to electricity to power their boats.
According to the Orange County District Attorney's Office, Stephen Anthony Demora first called his sister-in-law around 6:30 a.m. on Feb. 14 to tell her that he had killed his wife with a knife at their home.
FBI investigators have identified the human remains found near the Salton Sea as a 17-year-old Riverside County girl who was reported missing last year.
Deputies say that a 22-year-old Los Angeles man was killed in the crash early Saturday morning near Van Buren Boulevard and Jurupa Road.
Five people were arrested and more than $5 million in stolen cargo, including tractors, cars and forklifts, was recovered when Los Angeles police served a series of search warrants throughout Southern California this week.
San Bernardino County firefighters rescued a camper and his dog after fresh snowfall stranded them in the mountains.
If you're looking to visit a museum, dozens of exhibits are offering free admission this weekend.
An armed man was shot and killed early Sunday morning after "unauthorized entry" into the secure perimeter at President Trump's Mar-a-Lago estate, the U.S. Secret Service said.
Homeland Security Secretary Kristi Noem said in a statement that TSA and Customs and Border Protection are "suspending courtesy and special privilege escorts."
All nine avalanche victims have been recovered from California's Sierra Nevada, Nevada County Sheriff Shannan Moon said Saturday at a news conference.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
The driver of the vehicle, a 23-year-old man from Albany, New York, had been reported missing and died of a self-inflicted gunshot wound, police said.
An armed man was shot and killed early Sunday morning after "unauthorized entry" into the secure perimeter at President Trump's Mar-a-Lago estate, the U.S. Secret Service said.
Homeland Security Secretary Kristi Noem said in a statement that TSA and Customs and Border Protection are "suspending courtesy and special privilege escorts."
On Friday, President Trump signed a proclamation that would impose 10% tariffs on most foreign imports to the United States.
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
The Supreme Court divided 6-3 in finding that a federal law known as IEEPA does not authorize the president to impose tariffs.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
Riverside County health officials have reported the second and third measles cases of the year, which they say could be connected to the county's first case that was reported last week.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Through a sudden death overtime goal, the U.S. men's hockey team is golden over Canada.
Lionel Messi and Inter Miami got off to a rough start in their MLS Cup title defense when David Martínez, Denis Bouanga and Nathan Ordaz scored in Los Angeles FC's 3-0 victory.
UCLA upset 10th-ranked Illinois 95-94 in overtime, complet a 23-point comeback on a last-second layup by Donovan Dent.
Minnesota Vikings wide receiver Rondale Moore was found dead at the age of 25 at a residence in New Albany, Indiana, authorities reported Saturday.
Kwame Evans Jr. scored 21 points and Oregon's 7-0 run in the last 59 seconds helped the Ducks steal a 71-70 win over USC.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
The death of "Dawson's Creek" actor James Van Der Beek highlights a rising trend in colorectal cancer among young adults.
A partial government shutdown caused some travel chaos at LAX on Sunday morning. Alys Martinez reports.
For decades, Bob Baker's Marionette Theater has brought smiles and laughter to its audience of all ages. For the first time in 40 years, a new show debuts this summer. Erica Olsen reports.
A warmer start to the week is in store for Southern California on Sunday. Chloe Carlson reports.
Thousands of people headed to downtown Los Angeles for the 127th Annual Golden Dragon Parade, which celebrates the Lunar New Year.
A postal worker was robbed while on the job in Valley Glen on Saturday.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
