Dow plunges 1,000 points on new COVID-19 variant fears
Investors spooked by highly contagious coronavirus strain, with the U.S. imposing flight restrictions on affected countries.
MoneyWatch
Pfizer testing its vaccine against new COVID-19 strain
Drugmaker said it could develop a vaccine for the Omicron variant in 100 days, but government clearance could take longer.
Here's why billions of charitable dollars go unused every year
The more people who know about donation-matching programs offered by employers, the more they will be utilized.
Black Friday has arrived. What could go wrong?
Consumer demand is high — now, it's on retailers to make sure they have the staffing and product stock to meet it.
Hundreds of FedEx packages found in Alabama woods
Photos show packages scattered in a rural area. Shipping giant says it will transport the recovered items "quickly."
Pandemic fueling surge in organized thefts at stores across U.S.
An increase in online shopping during the pandemic has also created a bigger marketplace for sellers of stolen goods.
The 10 most popular toys this holiday season
Despite shortages, some of the hottest items are still available, according to industry publication Toy Insider.
Black Friday starts early, but expect fewer holiday deals
Poll shows Americans plan to spend an average of $886 on gifts this season, up slightly from last year.
Unionized workers fight for better pay in post-pandemic economy
"Workers definitely have more labor market leverage because employers need to hire," said one expert.
Black Friday sales on track for record high
Holiday sales in November and December could top $200 billion, according to a forecast from Adobe.
Millions expected to shop on Black Friday amid busy holiday season
According to the National Retail Federation, more than 108 million people plan to shop in stores or online on Black Friday.
Stock futures tumble on fears over new coronavirus variant
Global financial markets slump amid concerns that the variant could lead to more travel restrictions and lockdowns.
What's behind the push for a fourth stimulus check
IRS has distributed almost 170 million payments. But hardship remains widespread as the Delta variant spreads.
String of brazen thefts in California continues at Los Angeles Nordstrom
There were no immediate arrests in the brazen theft at a Los Angeles Nordstrom Wednesday night.
Unemployed factory worker sues as Virginia tries to claw back benefits
"This is an agency that doesn't like the people that it's supposed to serve," Ernest Ray's attorney said.
Latest News
U.S. restricting travel from southern Africa over COVID variant
The travel restrictions begin Monday.
Musical theater legend Stephen Sondheim dies at 91
The composer and lyricist earned a Presidential Medal of Freedom in 2015.
Northeast expected to see first significant snowfall of the season
Some areas could see see more than 8 inches of snow this weekend.
Dow plunges 900 points on new COVID-19 variant fears
Concerns about the variant are spurring a stock sell-off, as some European countries impose flight restrictions.
Steve Bannon asks court to deny request to shield records in his case
Bannon has pleaded not guilty to contempt of Congress charges.
Black Friday sales on track for record high
Holiday sales in November and December could top $200 billion, according to a forecast from Adobe.
World Health Organization calls new COVID strain a "variant of concern"
The U.S. moved to ban travelers from eight African countries in the wake of the announcement.
Hundreds of FedEx packages found in Alabama woods
Photos show packages scattered in a rural area. Shipping giant says it will transport the recovered items "quickly."
Western monarch butterflies are returning to California
Roughly 50,000 have been counted so far – up from 2,000 last year. But one report says there is a 72% chance they will be quasi-extinct in 20 years.
Money Tech
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Facebook exec says company doesn't profit off underage users
Head of "safety" at the social media company told senators that internal research on mental health impact was misinterpreted.
Why shoppers are finding many products hard to find
Consumers are encountering shortages of everything from toilet paper to Batman toys. Blame the world's fragile supply chain.
"Buy now, pay later" loans are everywhere. Experts say beware.
Such loans offer "instant gratification," but may carry hidden costs and encourage consumers to rack up debt.
Activision to pay $18 million to settle harassment claims
Money will go to employees at the video game publisher who experienced sexual harassment.
New Apple update allows health data sharing
A new Apple device feature allows sharing health information with loved ones and your doctor. Dr. Tara Narula looks at how it works and the privacy concerns over personal data.
Small Business
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Small Business
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.
Their small business was big events — then they had to adapt
The Vintage Market had shows with up to 30,000 in attendance. After the pandemic, its owners found new ways to survive.
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
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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.
LeBron James fined $15,000 for making an "obscene gesture" during game
The incident comes days after James was suspended for an on-court altercation involving Detroit Pistons center Isaiah Stewart.
Unionized workers fight for better pay in post-pandemic economy
"Workers definitely have more labor market leverage because employers need to hire," said one expert.
Northeast expected to see first significant snowfall of the season
Some areas could see see more than 8 inches of snow this weekend.
Musical theater legend Stephen Sondheim dies at 91
The composer and lyricist earned a Presidential Medal of Freedom in 2015.
This week on "Sunday Morning" (November 28)
A look at the features for this week's broadcast of the #1 Sunday morning news program
Politics
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Interior Dept recommends raising price to drill on public lands
But the report doesn't recommend banning drilling on public lands.
U.S. restricting travel from southern Africa over COVID variant
The travel restrictions begin Monday.
Steve Bannon asks court to deny request to shield records in his case
Bannon has pleaded not guilty to contempt of Congress charges.
What's behind the push for a fourth stimulus check
IRS has distributed almost 170 million payments. But hardship remains widespread as the Delta variant spreads.
Abigail Spanberger on Biden, FDR and what Democrats want - "The Takeout"
The Virginia congresswoman talked with host Major Garrett about losses in Virginia and how Democrats should be thinking about the midterm elections.
Health
More Health
Pfizer testing its vaccine against new COVID-19 strain
Drugmaker said it could develop a vaccine for the Omicron variant in 100 days, but government clearance could take longer.
New COVID variant sparks travel bans and an anxious wait for data
South African scientists were quick to detect and report the strain, but it's been detected in 3 other nations. Full analysis will take weeks, but some countries are already banning flights.
Book excerpt: "A Tattoo On My Brain: A Neurologist's Personal Battle Against Alzheimer's Disease"
Dr. Daniel Gibbs writes about how, after spending his career caring for patients with Alzheimer's, he has now moved to studying the disease from the perspective of a patient himself.
FDA says experimental COVID-19 pill from Merck is effective
Federal health regulators said they will seek input from outside experts on risks of birth defects and other potential problems during pregnancy.
Most Connecticut cities reach state's red alert for COVID infections
Sixty-five percent of Connecticut's 169 cities and towns are now in the red alert level, the state's highest of four levels for COVID-19 infections, according to state data released Wednesday.
MoneyWatch
More MoneyWatch
Dow plunges 1,000 points on new COVID-19 variant fears
Investors spooked by highly contagious coronavirus strain, with the U.S. imposing flight restrictions on affected countries.
Pfizer testing its vaccine against new COVID-19 strain
Drugmaker said it could develop a vaccine for the Omicron variant in 100 days, but government clearance could take longer.
Here's why billions of charitable dollars go unused every year
The more people who know about donation-matching programs offered by employers, the more they will be utilized.
Black Friday has arrived. What could go wrong?
Consumer demand is high — now, it's on retailers to make sure they have the staffing and product stock to meet it.
Hundreds of FedEx packages found in Alabama woods
Photos show packages scattered in a rural area. Shipping giant says it will transport the recovered items "quickly."
World
More World
NATO chief warns Russia of 'costs' if it moves on Ukraine
Russia annexed Ukraine's Crimean Peninsula in 2014.
World Health Organization calls new COVID strain a "variant of concern"
The U.S. moved to ban travelers from eight African countries in the wake of the announcement.
New COVID variant sparks travel bans and an anxious wait for data
South African scientists were quick to detect and report the strain, but it's been detected in 3 other nations. Full analysis will take weeks, but some countries are already banning flights.
"Afghan girl" from iconic 1985 photo flees her country once again
Young refugee Sharbat Gulla's piercing green eyes on a 1985 National Geographic cover captivated the world. Almost 30 years later, she's sought refuge again, this time in Italy.
At least 52 dead in Russian mine collapse, officials say
The state Tass and RIA-Novosti news agencies cited emergency officials as saying that there was no chance of finding any more survivors in the Listvyazhnaya mine.
Entertainment
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Entertainment
Egypt reopens ancient "Avenue of Sphinxes"
Egypt threw an extravagant reopening ceremony for an ancient walkway known as "The Path of God" that had been buried under sand for centuries.
Broadway composer Stephen Sondheim dies at 91
Broadway composer Stephen Sondheim has died at the age of 91. He is best known for his work on the musicals "Sweeney Todd" and "West Side Story."
Musical theater legend Stephen Sondheim dies at 91
The composer and lyricist earned a Presidential Medal of Freedom in 2015.
Soul Train turns 50
It’s been 50 years since the premier of Soul Train. The Saturday morning dance and variety show became a cultural phenomenon. Although the weekly broadcast went off the air in 2006, the Soul Train legacy still lives on. Vladimir Duthier spoke with music and culture journalist Nelson George, singer-songwriter Leon Bridges , and Soul Train Awards executive producer Connie Orlando about Soul Train's impact on everything from dance to dress, and commemorating the special milestone at the world-famous Apollo Theater in Harlem.
Jon Batiste leads 2022 Grammy nominations with 11
The 2022 Grammys will take place on January 31, 2022, on CBS and Paramount+, honoring projects released between September 1, 2020, and September 30, 2021.
Technology
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Technology
Supply chain issues to affect holiday shopping season
The backlog in the U.S. supply chain is going to cost consumers more money and make some gifts harder to find this holiday season. Keesa Schreane, global partner director at the London Stock Exchange Group, spoke with Christina Ruffini on CBSN about how long these issues are expected to last.
NASA mission tests asteroid defense plan
NASA launched a spacecraft toward an asteroid, hoping to redirect it before it threatens Earth. Mark Strassmann has the details.
Biden applauds unemployment dip to 52-year low
President Biden touted the drop in first-time unemployment benefit claims to a 52-year low, though he faces other economic problems like rising prices and supply chain issues amid speculation on a possible second term. Sabrina Rodríguez, national political correspondent for Politico, joins CBSN to discuss the news from the White House.
Samsung to build a new semiconductor facility in Texas
The $17 billion chip factory is largest U.S. investment ever by the South Korean electronics giant, it said.
Avoid scams as holiday shopping season starts
As supply chain issues continue, 77% of American adults say they have experienced product-related shopping problems. CBS News' consumer investigative correspondent Anna Werner has details on how scammers are taking advantage of the issues ahead of the holiday shopping season.
Science
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Science
Biden says new variant underscores need for vaccines
The Biden administration is restricting travel from several countries as concerns grow about a new COVID variant. Weijia Jiang reports.
WHO identifies new COVID variant of concern
The World Health Organization is concerned about a new COVID variant, named Omicron, that was first discovered in South Africa. The news of a new variant rattled investors, leading the Dow to suffer its worst day of the year. Debora Patta has the latest.
NASA moves ahead with December launch for Hubble successor
NASA cleared engineers to begin fueling the $10 billion James Webb Space Telescope for launch December 22.
Egypt to reopen ancient parade route, the "Avenue of Sphinxes"
The 1.7-mile-long "Path of God," lined with more than 1,000 sphinx and ram statues, spent centuries buried by the sands of time. It was reopened with all due pomp and ceremony.
NASA mission tests asteroid defense plan
NASA launched a spacecraft toward an asteroid, hoping to redirect it before it threatens Earth. Mark Strassmann has the details.
Crime
More Crime
String of brazen thefts in California continues at Los Angeles Nordstrom
There were no immediate arrests in the brazen theft at a Los Angeles Nordstrom Wednesday night.
Legal analyst on Arbery murder trial verdict
Three men were found guilty of killing Ahmaud Arbery. He was chased down and shot while out jogging. Legal analyst Joe Tamburino joined "CBS Mornings" to break down the guilty verdicts.
Mother of Ahmaud Arbery on guilty verdicts
Wanda Cooper-Jones, mother of Ahmaud Arbery, joined "CBS Mornings" to share her reaction to the guilty verdicts for the murder of her son.
Guilty verdict in Ahmaud Arbery murder trial
A Georgia jury found Travis McMichael, his father Gregory McMichael and William "Roddie" Bryan guilty of the murder of a Black man last year. The three White men chased down Ahmaud Arbery and shot him to death last February, sparking nationwide protests. The men said they thought he was a burglar, but prosecutors said Arbery was just jogging in the neighborhood.
Waukesha parade victim had previously undiagnosed cancer, husband says
Jane Kulich was one of the six people killed when Darrell Brooks plowed his SUV into the holiday parade.
Space
More Space
NASA moves ahead with December launch for Hubble successor
NASA cleared engineers to begin fueling the $10 billion James Webb Space Telescope for launch December 22.
Russian docking module launched to space station
The module will use a Russian "space tug" to rendezvous with the space station Friday.
NASA launches spacecraft to deflect asteroid
On Wednesday morning, NASA launched DART, a spacecraft designed to smash into an asteroid to deflect its course. Mark Strassmann reports on the groundbreaking planetary defense mission.
SpaceX sends NASA craft on collision course with asteroid
The DART mission is intended to test the feasibility of one day deflecting a threatening asteroid.
Alan Shepard's daughter and GMA's Michael Strahan to fly in space
The New Shepard flight in December will be Blue Origin's third with passengers and its first with a crew of six.
Latest Galleries
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Patrick De La Cerda murder: Inside the case
In 2018, the Deltona, Florida, man was newly engaged and planning for his wedding until he was tragically gunned down at his home.
It's been 50 years since the infamous Attica prison riot
Inmates held some 36 hostages for five days. And that was just the beginning
Mallory Beach death: Inside the boat crash that killed S.C. teen
In February 2019 a fatal boat crash took the life of the teen when friend Paul Murdaugh allegedly drunkenly crashed his family's boat. In 2021, after Paul was murdered, investigators began to take a closer look at the Murdaugh family.
The best holiday movies, ranked (and where you can stream them)
Ring in the holiday season by streaming these festive films.
Linda O'Keefe murder: Inside the investigation
Newport Beach Police give 11-year-old Linda O'Keefe a voice on Twitter hoping to solve her cold case 45 years later.
Latest Videos
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Latest Videos
Being Different in the Delta
A new episode of CBSN Originals' Reverb series explores the history of anti-Asian racism in Mississippi's Delta region and a new generation that's demanding change.
60 Minutes Archive: Stephen Sondheim
Stephen Sondheim, the legendary Broadway composer, has died at 91. In 1988, Diane Sawyer profiled Sondheim for 60 Minutes.
Rep. Abigail Spanberger on "The Takeout"
Virginia Representative Abigail Spanberger sits down with Major Garrett for this week's edition of "The Takeout" to discuss what Democrats need to do for the midterm elections.
The Trials of Critical Race Theory
A new episode of CBSN Originals' Reverb series examines the backlash to so-called critical race theory in schools and the impact on students and teachers.
Adopted siblings thankful to be together for holidays
Five young siblings get to spend the holidays together after they were adopted by their foster dad who feared they would be permanently separated. Steve Hartman shares more in "On the Road."