Is the U.S. teetering on a recession?
Fierce inflation, rising interest rates and geopolitical tremors threaten to halt the economy in its tracks, experts say.
MoneyWatch
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.
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.
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.
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.
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.
"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.
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.
Hotel groups beef up all-inclusive offerings
All-inclusive trips are getting more luxurious, while eliminating the hassle of budgeting vacations.
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.
Amazon announces new $60 tablet
Retailer unveils two versions of its affordable Fire 7, which can be preordered ahead of June debut in stores.
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.
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.
Latest News
Russians fear Mariupol abuse will backfire, U.S. intel shows
The abuses include beating and electrocuting city officials and robbing homes, according to an intelligence finding.
Watch Live: Testimony continues in civil trial between Depp and Heard
Depp is suing Heard for libel over a 2018 op-ed she wrote describing herself as "a public figure representing domestic abuse."
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.
266 cases of salmonella linked to chocolate Easter eggs
Health officials said that 86.3% of the cases were among children aged 10 or younger.
911 dispatcher allegedly hung up on caller from Buffalo shooting scene
A Tops grocery store assistant manager says she was hiding and explained that she had to whisper so the gunman wouldn't hear her, but the operator hung up. The dispatcher has been put on leave.
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.
Monkeypox case confirmed in Massachusetts
Massachusetts health officials announced Wednesday that they have confirmed a case of the monkeypox virus.
Boeing Starliner capsule poised for high-stakes flight
NASA is confident Boeing's Starliner astronaut ferry ship is finally ready for prime time.
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.
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
More
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.
Watch Live: Testimony continues in civil trial between Depp and Heard
Depp is suing Heard for libel over a 2018 op-ed she wrote describing herself as "a public figure representing domestic abuse."
911 dispatcher allegedly hung up on caller from Buffalo shooting scene
A Tops grocery store assistant manager says she was hiding and explained that she had to whisper so the gunman wouldn't hear her, but the operator hung up. The dispatcher has been put on leave.
Climber presumed dead after falling through ice bridge in Alaska
"The climber is presumed dead based on the volume of ice, the distance of the fall and the duration of the burial," the park said.
Monkeypox case confirmed in Massachusetts
Massachusetts health officials announced Wednesday that they have confirmed a case of the monkeypox virus.
Is the U.S. teetering on a recession?
Fierce inflation, rising interest rates and geopolitical tremors threaten to halt the economy in its tracks, experts say.
MoneyWatch
More MoneyWatch
Is the U.S. teetering on a recession?
Fierce inflation, rising interest rates and geopolitical tremors threaten to halt the economy in its tracks, experts say.
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.
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.
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.
Politics
More Politics
Senate unanimously confirms Bridget Brink as U.S. ambassador to Ukraine
American diplomats evacuated Kyiv when the war began but the U.S. just reopened the embassy.
House OK's domestic terrorism bill in wake of Buffalo shooting
The measure's sponsors say it would fill intel-sharing gaps among the Justice Department, Department of Homeland Security and the FBI.
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.
Health
More Health
266 cases of salmonella linked to chocolate Easter eggs, EU says
Health officials said that 86.3% of the cases were among children aged 10 or younger.
Monkeypox case confirmed in Massachusetts
Massachusetts health officials announced Wednesday that they have confirmed a case of the monkeypox virus.
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.
World
More World
266 cases of salmonella linked to chocolate Easter eggs, EU says
Health officials said that 86.3% of the cases were among children aged 10 or younger.
Five migrants found dead in train near U.S. border
Railway security personnel found the bodies after seeing a foot sticking out of a moving railroad car, the National Institute of Migration said.
North Korea's suspected COVID-19 caseload approaching 2 million
And the real numbers could be worse than Pyongyang is saying as it scrambles to soften the impact on leader Kim Jong Un's image and its fragile economy.
Russians fear Mariupol abuse will backfire, U.S. intel shows
The abuses include beating and electrocuting city officials and robbing homes, according to an 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.
Entertainment
More Entertainment
Watch Live: Testimony continues in civil trial between Depp and Heard
Depp is suing Heard for libel over a 2018 op-ed she wrote describing herself as "a public figure representing domestic abuse."
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.
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
911 dispatcher allegedly hung up on caller from Buffalo shooting scene
A Tops grocery store assistant manager says she was hiding and explained that she had to whisper so the gunman wouldn't hear her, but the operator hung up. The dispatcher has been put on leave.
Police: EMT in stable condition after patient shot him in ambulance
It happened after EMTs were dispatched to pick up a drunk and disorderly man outside the Funky Monkey bar on Staten Island.
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.
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
Are the Kids All Right?: Gen(der) Z
For an unprecedented number of young people in Gen Z, gender is a social construct that needs dismantling. In this CBS Reports documentary, we follow four teens with diverse gender identities to see how they are dealing with and experiencing a world that’s redefining gender.
Feds urge some indoor masking as COVID rises anew: CBS News Flash May 19, 2022
Federal health officials are warning people in newly-hard hit COVID areas to consider masking up in indoor public places. About a-third of the U.S. population lives in areas considered at higher risk - mostly in the Northeast and Midwest. “Pharma Bro” Martin Shkreli has been released from prison early. And “The Greatest Show on Earth” plans a comeback next year – but without animal performers. Ringling Brothers went dark in 2017.
Taylor Swift delivers NYU commencement address
In her commencement addresss, Taylor Swift told New York University graduates, "My mistakes led to the best things in life." The singer also received an honorary doctorate of fine arts.
5/18: Red and Blue
Midterm primaries held in five states; White House discusses youth mental health with Selena Gomez
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+.