Treasury's Bessent sees "an opportunity for a big deal" with China
Treasury Secretary Scott Bessent on Wednesday said he believes the Trump administration could strike a deal with China.
MoneyWatch
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Dow soars more than 1,000 points amid relief rally
The stock market surged in early trade as investors cheered positive signals from Trump administration on trade and Fed Reserve.
Elon Musk says his DOGE work will "drop significantly" starting in May
Elon Musk told Tesla investors that he plans to scale back his time at the Department of Government Efficiency.
These companies are investing in U.S. manufacturing amid tariffs
President Trump wants to bring manufacturing back to the U.S. These companies say they're investing in domestic factories.
Trump says he has "no intention of firing" Fed chief Jerome Powell
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
Americans fear going broke in retirement more than death, survey finds
Allianz poll finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
EU hits Apple and Meta with hundreds of millions of dollars in new fines
The EU has hit Apple and Meta with hundreds of millions of euros in fines as it steps up enforcement of the European Union's Digital Markets Act.
More Americans teetering on the edge of bankruptcy. Here's why.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
Walmart, Target CEOs privately warned Trump tariffs may cause empty shelves soon
Two U.S. retailers warned President Trump his sweeping tariff policy could disrupt supply chains and lead to empty shelves in the coming weeks.
Managing Your Money
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How has gold's price changed in 2025?
Gold has hit multiple record highs in 2025. Here's how much the price has shifted and where it could head next.
5 credit card behaviors that could cause big financial trouble right now
If you recognize any of these patterns in your own credit card usage, it's time to take action.
Do you need an appraisal for a HELOC?
A HELOC gives homeowners an affordable way to borrow their home equity. But do they need an appraisal to access it?
From Our Data Team
Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs
CBS News is tracking the rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Retirement
Here's the magic number Americans say they need for retirement
Americans have big financial goals for what they think they'll need for a comfortable retirement, a new survey finds.
3 questions to ask about your retirement savings when stocks plunge
The first weeks of the new Trump administration have sparked stock market jitters and recession fears. Here's advice from top experts.
Planning to retire at 65? Most Americans have to stop working earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
Work
What has DEI actually done for U.S. workers and employers?
President Trump has painted a bullseye on diversity, equity and inclusion. But what exactly is DEI, and what has it achieved?
The best and worst U.S. states for finding a good job in 2024
Ample job opportunities, low unemployment and reasonable commute times make this the top U.S. state for job seekers, analysis finds.
Want to work at Chipotle? Be prepared to chat with AI.
Chipotle plans to deploy a conversational AI hiring system, dubbed "Ava Cado," across more than 3,500 restaurants.
U.S.
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Illinois Sen. Dick Durbin announces he is not running for reelection
Illinois Sen. Dick Durbin announced Wednesday he is retiring and will not run for reelection in 2026.
Judge seems sympathetic to Perkins Coie's bid to block Trump executive order
Law firm Perkins Coie says the executive order signed by President Trump that targets it is unconstitutional.
These are the 6 food dyes the FDA wants to phase out
The Department of Health and Human Services is calling on companies to phase out all petroleum-based dyes by the end of next year, Secretary Robert F Kennedy, Jr. announced.
Hegseth orders makeup studio installed at Pentagon
Defense Secretary Pete Hegseth has not given any press briefings in the briefing room but has used the room as a backdrop for TV hits with Fox News.
Durbin retirement to prompt shakeup in Senate Democratic leadership
Sen. Dick Durbin announced Wednesday he won't seek reelection in 2026, kickstarting a race among Democrats in the Senate for his leadership position.
MoneyWatch
More MoneyWatch
Walmart, Target CEOs privately warned Trump tariffs may cause empty shelves soon
Two U.S. retailers warned President Trump his sweeping tariff policy could disrupt supply chains and lead to empty shelves in the coming weeks.
FBI says online scams raked in record $16.6 billion last year
More than a quarter million complaints reported losing money to a scam in 2024, the FBI said in a new report.
Treasury's Bessent sees "an opportunity for a big deal" with China
Treasury Secretary Scott Bessent on Wednesday said he believes the Trump administration could strike a deal with China.
Dow soars more than 1,000 points amid relief rally
The stock market surged in early trade as investors cheered positive signals from Trump administration on trade and Fed Reserve.
Stocks poised to pad gains after Trump admin eases investor fears
Stock futures were pointing to a strong opening as investors took cheer from positive news on trade and the Federal Reserve.
Politics
More Politics
Illinois Sen. Dick Durbin announces he is not running for reelection
Illinois Sen. Dick Durbin announced Wednesday he is retiring and will not run for reelection in 2026.
Judge seems sympathetic to Perkins Coie's bid to block Trump executive order
Law firm Perkins Coie says the executive order signed by President Trump that targets it is unconstitutional.
Walmart, Target CEOs privately warned Trump tariffs may cause empty shelves soon
Two U.S. retailers warned President Trump his sweeping tariff policy could disrupt supply chains and lead to empty shelves in the coming weeks.
Hegseth orders makeup studio installed at Pentagon
Defense Secretary Pete Hegseth has not given any press briefings in the briefing room but has used the room as a backdrop for TV hits with Fox News.
Durbin retirement to prompt shakeup in Senate Democratic leadership
Sen. Dick Durbin announced Wednesday he won't seek reelection in 2026, kickstarting a race among Democrats in the Senate for his leadership position.
HealthWatch
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These are the 6 food dyes the FDA wants to phase out
The Department of Health and Human Services is calling on companies to phase out all petroleum-based dyes by the end of next year, Secretary Robert F Kennedy, Jr. announced.
What Trump can learn from state efforts to expand IVF access
State-level efforts to regulate fertility coverage reveal the gauntlet of budgetary and political hurdles such initiatives face.
NIH director pushes back timeline for RFK Jr.'s autism answers
National Institutes of Health Director Dr. Jay Bhattacharya said "it's hard to guarantee when science will make an advance."
FDA stops short of synthetic food dye ban, calls on industry to stop use
Federal health officials want companies to swap out certain food dyes with natural alternatives.
Dietitians react to the "people kibble" trend of meal prepping
Ever struggled with planning nutritious meals? A TikTok user has shared his viral solution that others online have dubbed "people kibble."
World
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India retaliates against Pakistan after Kashmir attack kills 26
India's External Affairs Ministry said the Indus Water Treaty will be suspended after an attack in Kashmir left over two dozen dead.
Israeli strike in Gaza kills at least 10 as mediators work to end war
France, Germany and Britain meanwhile said Israel's seven-week blockade on all imports to Gaza was "intolerable."
Shark attack victim's remains found in waters off popular beach
Israeli media identified the victim as Barak Tzach, a man in his 40s and a father of four.
Vance says it was "pretty crazy" that he met Pope Francis in his last 24 hours
Vice President JD Vance met briefly with Pope Francis on Easter Sunday. Vance said he knew the pontiff was "very ill," but he "didn't realize how sick he was."
Trump blasts Zelenskyy as Vance threatens to "walk away" from peace deal
JD Vance says both Ukraine and Russia will "have to give up some of the territory they currently own" to end the war, or the U.S. will "walk away" from peace efforts.
Entertainment
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See the 2025 American Music Awards nominations
The 2025 AMA nominations were released on Wednesday, with Kendrick Lamar leading with 10. The awards show will air on May 26.
Tina Knowles talks styling Destiny's Child
Tina Knowles, the mother of Beyoncé and Solange, is opening up about her life in her book, "Matriarch." She styled Destiny's Child when the group started out and spoke about how the record label complained about the group's look.
How "Conclave" compares to electing new pope
Roman Catholic cardinals are gathering to decide when to hold the conclave to elect a new pope following Pope Francis' death on Monday. It has sparked renewed interest in the movie "Conclave," which is about the process and came out last year. CBS News' Carter Evans looks at what the movie got right and wrong about the process.
Tina Knowles opens up about motherhood, divorce and Destiny's Child
Tina Knowles, mother of superstars Beyoncé and Solange, spoke with "CBS Mornings" co-host Gayle King about her new memoir, "Matriarch."
Oprah Winfrey selects Tina Knowles' "Matriarch" for latest book club pick
Oprah Winfrey has named "Matriarch" by Tina Knowles as her latest book club selection. The memoir shares Knowles' personal journey from growing up in segregated Texas to raising music icons Beyoncé and Solange.
Technology
More Technology
EU hits Apple and Meta with hundreds of millions of dollars in new fines
The EU has hit Apple and Meta with hundreds of millions of euros in fines as it steps up enforcement of the European Union's Digital Markets Act.
Could a federal judge break up Google? Here's what to know.
U.S. Department of Justice attorneys are seeking to impose sweeping penalties on Google after a court ruled the tech giant is a monopoly.
How AI powered robots are helping small farms
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.
Fake job seekers are flooding the market, thanks to AI
Companies say fake job seekers are using artificial intelligence to get remote jobs, often in an attempt to steal insider secrets.
Scientist on reviving extinct dire wolves
Biotech company Colossal Bioscience has made headlines for saying it brought the dire wolf species back from extinction. CBS News' Lindsey Reiser spoke with the company's chief science officer, Beth Shapiro, who broke down the science and motivations behind the project.
Science
More Science
Coral reef bleaching hits 84% worldwide, worst on record, surveys show
Harmful bleaching of the world's coral has grown to include 84% of the ocean's reefs in the most intense event of its kind in recorded history, scientists say.
Cicada maps show where the insects will emerge in the U.S. this spring
A large brood of periodical cicadas is due to emerge in the spring of 2025. These maps show where people should expect to see, and hear, the bugs this year.
Reporter's Notebook: Earth Day perspective
If Earth's entire 4.5 billion-year history was squeezed into a single, 24-hour day, when would modern humans arrive? "CBS Evening News" co-anchor John Dickerson ponders the meaning of Earth Day.
NASA images show peanut-shaped asteroid during high-speed flyby
This asteroid is bigger than scientists anticipated, about 5 miles long and 2 miles wide at its widest point — resembling a deformed peanut.
NASA spacecraft to zoom past asteroid this weekend at 30,000 mph
The flyby is a dress rehearsal for 2027 when Lucy reaches its first so-called Trojan asteroid near Jupiter.
Crime
More Crime
FBI says online scams raked in record $16.6 billion last year
More than a quarter million complaints reported losing money to a scam in 2024, the FBI said in a new report.
New moves in Karen Read's second trial
Prosecutors in Karen Read's second trial for the death of Boston police officer John O'Keefe used her own words against her during opening statements. CBS News Boston's Penny Kmitt reports.
Alabama inmate wants his execution to go forward: "I am guilty"
James Osgood was condemned to die for the 2010 killing of Tracy Lynn Brown. He is one of only a small number of inmates on U.S. death rows to abandon their legal challenges.
Inmate named John Kennedy makes daring escape from prison
A 22-year-old inmate named for the late John F. Kennedy escaped from Peru's most crowded prison, and video of the jailbreak has gone viral.
Details on Lori Vallow Daybell conviction
An Arizona jury on Tuesday convicted Lori Vallow Daybell of conspiring to murder her estranged husband in 2019. CBS News' Andres Gutierrez and Jessica Levinson have more details.
Space
More Space
NASA images show peanut-shaped asteroid during high-speed flyby
This asteroid is bigger than scientists anticipated, about 5 miles long and 2 miles wide at its widest point — resembling a deformed peanut.
When and where to see the Lyrid meteor shower's peak
During the peak of the Lyrid meteor shower, 10 to 20 meteors could be seen per hour, NASA says.
NASA's most senior astronaut returns to Earth with 2 cosmonauts
Don Pettit, NASA's oldest active astronaut, marked his 70th birthday by landing on the steppe of Kazakhstan after 220 days in space.
NASA spacecraft to zoom past asteroid this weekend at 30,000 mph
The flyby is a dress rehearsal for 2027 when Lucy reaches its first so-called Trojan asteroid near Jupiter.
Astronomer on new evidence pointing to life
Astronomers say they have discovered "the strongest evidence yet" of life on a distant planet, although, they stress that more research is needed. Chief astronomer and planetarium director of the Franklin Institute Derrick Pitts joins "The Daily Report" to discuss.
Latest Galleries
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"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
"Hands Off!": Americans across country protest Trump, Musk
Hundreds of thousands took to the streets, in Washington, D.C. and other cities across the United States, in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Previewing "The Children of October 7"
Several children were among the victims during Hamas' October 7 attack against Israel. Their stories are at the center of a new MTV documentary available on Paramount Plus, "The Children of October 7." Naomi Ruchim has a preview of the documentary and Montana Tucker, a social media activist who interviewed survivors for the film, joins CBS News to discuss the children she spoke to.
DOJ asks for pause in Abrego Garcia case
The Justice Department is asking a federal judge to pause the discovery process for a week in the case of Kilmar Abrego Garcia, the Maryland man mistakenly deported to El Salvador. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.
Trump: Tariffs against China will be reduced
President Trump says the steep tariffs he imposed on Chinese goods will be coming down "substantially," raising hopes that trade tensions between the U.S. and China could soon ease. CBS News chief White House correspondent Nancy Cordes has more.
Durbin announces Senate retirement
Illinois Democratic Sen. Dick Durbin announced he will not seek reelection, prompting a shake up in Democratic leadership for the upper chamber. CBS News' Shanelle Kaul reports.
Trump on "fair deal" with China
President Trump insists there will be a fair trade deal with China as his tariffs continue to affect the markets and major global businesses. This comes as the prospects of a potential Russia-Ukraine peace deal lag. CBS News' Weijia Jiang reports.