Dow dives more than 1,100 points on renewed inflation fears
S&P 500 suffers biggest one-day drop since 2020 as "stagflation" concerns stoke fears of a U.S. downturn.
MoneyWatch
Gas tops $6 in California as prices surge nationally
Drivers are spending almost $5,000 a year on gasoline, a 70% jump from a year earlier, a Wall Street economist says.
U.S. ranked as the top nation for illegally hiding money
United States tops Singapore, Switzerland and the Cayman Islands as the world's mecca for financial secrecy.
"Pharma Bro" Martin Shkreli released from prison
Former pharmaceutical exec, who was sentenced to a seven-year term in 2018, will face either home confinement or a halfway house.
U.S. Soccer to pay women's and men's teams equally in milestone
The American national governing body becomes the first in the sport to promise both sexes matching money.
Number of guns made in the U.S. nearly tripled since 2000
Surge in online tutorials and 3D printing in recent decades is fueling a boom in homemade guns, ATF finds.
Ringling Brothers circus to relaunch — without animal acts
Five years after ending a 146-year run, the "Greatest Show on Earth" will make its return in 2023.
Baby formula exchanges pop up amid shortages
Massachusetts mom launches site to ease national shortage. "I will know this has been successful when I can shut down," she said.
Lifesaving dye used in hospital scans is in short supply
Some U.S. hospitals have started reserving use of the dye, used to make scans readable, for critically ill patients.
What are Twitter bots, and why is Elon Musk obsessed with them?
Tesla founder wants the SEC to investigate Twitter's claims about spam and fake accounts on the platform.
Biden to invoke Defense Production Act to address baby formula shortage
Suppliers will be required to give resources to infant formula plants before sending to other customers.
Samsung customers file lawsuit over allegedly faulty refrigerators
The refrigerators have double French doors with a bottom freezer and range from $1,000 to $3,000 each.
Scammers seeking to exploit baby formula shortage, FTC warns
Cybercriminals "have sunk to new lows" in targeting parents who struggling to find food for their babies, agency says.
Conspiracy theorists claim bird flu outbreak is fake news
Global outbreak of avian influenza spawns dubious claims that the disease is aimed at driving up food prices.
Hotel groups beef up all-inclusive offerings
All-inclusive trips are getting more luxurious, while eliminating the hassle of budgeting vacations.
Latest News
Takeaways from Tuesday's primaries
Trump's high-profile endorsements had mixed results on Tuesday night and Republicans advancing candidates who questioned the eleciton results.
Biden to invoke Defense Production Act to address baby formula shortage
Suppliers will be required to give resources to infant formula plants before sending to other customers.
Russians fear Mariupol abuse will backfire, U.S. intel shows
The abuses include beating and electrocuting city officials and robbing homes, according to the intelligence finding.
House passes bills to address baby formula shortage
Both bills, which now head to the Senate, are Congress' first legislative step toward alleviating the baby formula shortage.
Heard's sister, friend back her assault claims against Depp
Johnny Depp has testified he never struck ex-wife Amber Heard.
New York attorney general investigating Buffalo shooting suspect's social media
The New York investigation will encompass Discord, Twitch, 4chan and 8chan.
Hunter Biden's Hollywood lawyer probes backstory of laptop
Kevin Morris and his team have been circulating provocative slides that tease a coming counter-narrative to political attacks against the president's son.
Lawyers urge appeals court to recognize a constitutional right to film police
The decision that would allow officers to be sued if they interfere with bystanders trying to record them.
Senators announce bipartisan deal to help veterans exposed to burn pits
The agreement paves the way for passage of a bill that has become the top priority of veterans' groups.
Money Tech
More
What are Twitter bots, and why is Elon Musk obsessed with them?
Tesla founder wants the SEC to investigate Twitter's claims about spam and fake accounts on the platform.
Elon Musk says Twitter deal is "temporarily on hold"
Tesla founder says his $44 billion purchase of the social media giant is being held up by questions over spam and fake accounts.
Twitter fires 2 executives, adding to Elon Musk buyout turmoil
Social media company said it dismissed two senior managers and will freeze most hiring.
Virtual land rush driving up the cost of space in the metaverse
Top consumer brands and deep-pocketed investors are staking a claim to the next phase of the internet.
How to get Google to wipe your phone number from searches
To deter scammers and other bad actors, the search giant is now allowing people remove personal contact information.
Small Business
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Labor shortage is biggest challenge for small businesses
Labor shortages, the Omicron variant and supply chain issues pose significant challenges to small businesses.
Bringing equity to the VC funding process
New data released by Crunchbase shows that only 2.2% of all venture funding went to female-founded startups in the first eight months of this year. Deena Shakir, partner at Lux Capital, joins CBSN to discuss what needs to change to bring equity for female entrepreneurs and investors.
A third of small businesses have reinstated COVID-19 rules
As the Delta variant surges, many small employers are again taking precautions in the way they do business.
NYC giving artists $5,000 checks from Biden stimulus
Some 1,800 artists will receive $5,000 checks, while other federal funds will go to cabbies and homeless people.
44% of small businesses have less than 3 months of cash
"Everything is up in the air," said one Ohio bakery owner who worries that COVID-19 could shut her down again.
Retirement
More
More Americans are working into old age
A growing swath of seniors are working beyond 65, with many needing to supplement their paltry retirement savings.
How gig economy workers can save for retirement
Several types of plans are available, but figuring out which one is right for you can be confusing, so here's some help
When delaying your Social Security benefits pays off
The impact of your age when you begin collecting benefits can be more financially significant than you think
Claiming Social Security too early costs Americans $3.4 trillion
Only 4% of retirees claim the benefit at the optimal time. Everyone else is losing out on $111,000 per household
Hardship withdrawals from your company's 401(k)
The rules for hardship withdrawals are strict and the costs of taking money from your future retirement can be sky-high
U.S.
More U.S.
House passes bills to address baby formula shortage
Both bills, which now head to the Senate, are Congress' first legislative step toward alleviating the baby formula shortage.
Woman gives birth during Frontier Airlines flight
The mother gave her daughter the middle name Sky, Frontier Airlines said.
Woman mends lives of refugees, natural disaster survivors with sewing machines
The free sewing machines can be a tool of income for those starting over.
Lawyers urge court to recognize a constitutional right to film police
The decision that would allow officers to be sued if they interfere with bystanders trying to record them.
Samsung customers file lawsuit over allegedly faulty refrigerators
The refrigerators have double French doors with a bottom freezer and range from $1,000 to $3,000 each.
MoneyWatch
More MoneyWatch
Dow dives more than 1,100 points on renewed inflation fears
S&P 500 suffers biggest one-day drop since 2020 as "stagflation" concerns stoke fears of a U.S. downturn.
Gas tops $6 in California as prices surge nationally
Drivers are spending almost $5,000 a year on gasoline, a 70% jump from a year earlier, a Wall Street economist says.
U.S. ranked as the top nation for illegally hiding money
United States tops Singapore, Switzerland and the Cayman Islands as the world's mecca for financial secrecy.
"Pharma Bro" Martin Shkreli released from prison
Former pharmaceutical exec, who was sentenced to a seven-year term in 2018, will face either home confinement or a halfway house.
U.S. Soccer to pay women's and men's teams equally in milestone
The American national governing body becomes the first in the sport to promise both sexes matching money.
Politics
More Politics
House passes bills to address baby formula shortage
Both bills, which now head to the Senate, are Congress' first legislative step toward alleviating the baby formula shortage.
Biden to invoke Defense Production Act to address baby formula shortage
Suppliers will be required to give resources to infant formula plants before sending to other customers.
Pennsylvania, North Carolina, Kentucky, Idaho and Oregon primary results
CBS News projects Chuck Edwards will win the GOP nomination in North Carolina's 11th Congressional District, defeating incumbent Rep. Madison Cawthorn.
Senators announce bipartisan deal to help veterans exposed to burn pits
The agreement paves the way for passage of a bill that has become the top priority of veterans' groups.
Mayorkas pauses recently created Disinformation Governance Board
The executive director of the board, Nina Jankowicz, is resigning, and the board will undergo a review.
Health
More Health
Health
Biden launches plan to fly baby formula to U.S.
President Biden is invoking the Defense Production Act to increase the production of baby formula nationwide. The president has also called for civilian Defense Department planes to pick up formula overseas and bring it to the U.S. House lawmakers are set to vote on a bill that would make it easier for low-income families to get formula. Jamie Yuccas takes a look.
Pediatrician on balancing "nutrition with safety" amid baby formula shortage
FDA officials said it could be several months before the supply of infant formula products improves.
Lifesaving dye used in hospital scans is in short supply
Some U.S. hospitals have started reserving use of the dye, used to make scans readable, for critically ill patients.
North Korea reports another jump in suspected COVID-19 cases
The country's anti-virus headquarters said 62 people have died and more than 1.7 million have fallen ill amid a rapid spread of fever since late April.
Mayorkas decries "repugnant" GOP attacks over baby formula at border facilities
There's no indication the national baby formula shortage is connected to the distribution of formula to migrant babies in U.S. border custody.
World
More World
Russians fear Mariupol abuse will backfire, U.S. intel shows
The abuses include beating and electrocuting city officials and robbing homes, according to the intelligence finding.
Pugs cannot be considered "a typical dog" due to dire health issues, study finds
Because pugs are at an increased risk of developing dozens of disorders, a new study said they can no longer be considered a typical dog.
Female students say Taliban sent them home for wearing wrong color hijabs
Videos show students protesting enforcement of draconian rules the Taliban says are just suggestions, but which seem to be getting even stricter.
U.S. Embassy in Kyiv resumes operations
Secretary of State Antony Blinken called the reopening of the U.S. embassy a "momentous step."
Food shortages have world leaders scrambling
With U.S. record shortages and high prices, world leaders try to get essential commodities out of war-torn Ukraine.
Entertainment
More Entertainment
Heard's sister, friend back her assault claims against Depp
Johnny Depp has testified he never struck ex-wife Amber Heard.
Taylor Swift receives honorary degree from NYU
The Grammy-winning superstar received an honorary doctorate of fine arts from NYU at the Yankee Stadium graduation ceremony.
Lucius dances out of darkness with new album
Indie pop band Lucius is out with their fourth studio album, Second Nature, after lead singers Holly Laessig and Jess Wolfe took time away from Lucius to work as some of the most in-demand backup vocalists for major acts. Anthony Mason dropped in on the band's rehearsals in Los Angeles to talk about making this disco-inspired album after going through dramatic life changes.
Amber Heard finishes testimony in Johnny Depp libel lawsuit trial
Heard finished her testimony Tuesday afternoon, her fourth day on the stand.
Queen pays surprise visit to mark new London subway line named after her
The 96-year-old monarch's in-person appearance ahead of celebrations to mark her 70-year reign came after a cancelation blamed on "mobility problems."
Technology
More Technology
Amazon announces new $60 tablet
Retailer unveils two versions of its affordable Fire 7, which can be preordered ahead of June debut in stores.
What are Twitter bots, and why is Elon Musk obsessed with them?
Tesla founder wants the SEC to investigate Twitter's claims about spam and fake accounts on the platform.
Truth Social fails to produce ad revenue
Former President Trump's Truth Social site has yet to generate any ad revenue, according to a new regulatory filing for the business. CBS News tech reporter Dan Patterson joined CBS News' Mola Lenghi and Tanya Rivero to discuss.
Musk says he'll scrap Twitter buy unless he gets clarity on fake accounts
Billionaire demands proof that less than 5% of Twitter's accounts are fake or spam. Analysts say he's angling for a better purchase price.
Elon Musk angling for cut-rate deal on Twitter, analysts say
Tesla CEO's $44 billion offer for the social media company is "out the window," one Wall Street analyst says.
Science
More Science
Moth species not seen since 1912 found at Detroit airport
The "very flashy" moths were found in the luggage of a traveler arriving from the Philippines, authorities said.
India hit with deadly flooding and heat waves at the same time
As floodwater sweeps homes away and trains off their tracks, a young Indian activist slams leaders for inaction in the face of "a real climate emergency."
How to watch the "super flower blood moon" total lunar eclipse
A spectacular full moon is fast approaching. Here's everything you need to know to see it.
First pictures of Milky Way’s black hole
Astronomers have managed to get the first images of the black hole located at the core of the Milky Way. Scientists across seven countries released the first ever image of the black hole called Sagittarius A*. Jeff Glor has more.
"Monarca" highlights endangered butterflies
The eastern monarch butterfly is one step closer to being placed on the endangered species list. CBS News anchors Michelle Miller and Tanya Rivero spoke with Eva Aridjis, co-author of the new book "Monarca: A Novel" which sheds light on the dire fate of these butterflies.
Crime
More Crime
Lawyers urge court to recognize a constitutional right to film police
The decision that would allow officers to be sued if they interfere with bystanders trying to record them.
Buffalo community comes together in wake of shooting
Buffalo Bills players visited the site of the grocery store massacre to offer comfort to the community. They joined city officials, community organizations and volunteers to donate food, diapers and other necessities. Jericka Duncan reports.
Inmate who escaped prison bus got out of cage before stabbing driver: police
The reward for information leading to Gonzalo Lopez's capture has increased to $50,000.
New York attorney general investigating Buffalo shooting suspect's social media
The New York investigation will encompass Discord, Twitch, 4chan and 8chan.
Former officer pleads guilty to manslaughter in George Floyd's death
Thomas Lane will receive a three-year sentence, which will be served in a federal institution, according to his attorney.
Space
More Space
Boeing Starliner capsule poised for high-stakes flight
NASA is confident Boeing's Starliner astronaut ferry ship is finally ready for prime time.
InSight Mars lander nears the end of the road
NASA expects dwindling power to shut down the InSight Mars lander by the end of the year.
NASA investigates another space helmet water leak
While not as serious as a potentially life-threatening 2013 incident, NASA is taking no chances with the station's aging spacesuits.
See the photos of the "super flower blood moon"
Millions in the Americas, Europe and Africa were able to see the spectacular red glow of the total lunar eclipse.
How to watch the "super flower blood moon" total lunar eclipse
A spectacular full moon is fast approaching. Here's everything you need to know to see it.
Latest Galleries
More Latest Galleries
Met Gala 2022: The hottest red carpet arrivals
If it glittered or dazzled, it was likely being worn by a celeb at fashion's biggest party of the year
Best movies streaming right now on Netflix
Looking for something fresh to watch? Here are the top films available on the streaming platform.
Best shows to watch on Netflix right now – May 2022
One of these shows could be your next binge obsession.
"The Dexter Killer:" Inside the mind of a murderer
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial-killer Dexter Morgan.
Evidence in the Suzanne Morphew case
Bizarre clues and evidence in the investigation into the Colorado mother's disappearance include a spy pen, plastic needle cap, and a chipmunk alibi.
Latest Videos
More Latest Videos
Latest Videos
Sneak peek: “Please Don’t Tell”
Twin sisters say they were attacked by a Black man. Are they telling the truth or hiding a family secret? "48 Hours" contributor David Begnaud reports Saturday, May 21 at 10/9c on CBS and streaming on Paramount+.
Officials probe Native American boarding school deaths
A study from the Interior Department reveals more than 500 Native American and Indigenous children died at government-run boarding schools during the 19th and 20th centuries. Officials warn that number will grow exponentially as the study continues. Elaine Quijano is joined by Interior Secretary Deb Haaland to discuss their findings.
Report suggests plane intentionally crashed
A preliminary U.S. assessment suggests that the China Eastern plane crash in March was intentional. All 132 people on board were killed. Andrew Tangel, an aviation reporter who co-authored the Wall Street Journal piece about the report, joins Elaine Quijano on CBS News.
Pennsylvania primary recap and lookahead
After a wild night in the Pennsylvania primaries, a key race remains undecided. CBS News chief election and campaign correspondent Robert Costa joins "Red and Blue" to break it all down.
Sewing Machine Project stitches lives back together
A Wisconsin woman is helping refugees and survivors of natural disasters rebuild their lives by giving them sewing machines. Janet Shamlian shares more.