Metals Prices Offer Bad News for High Tech
Metals markets may offer important ways of measuring the health of the tech indusry. Given current prices, it looks like everyone's in for a double whammy of lower demand and higher costs.
Money Tech
Tech Roundup: IBM Profits, Wozniak on iPod, Sequoia Capital Grim, More
Big Blue in Black -- IBM reported its quarterly earnings earlier than expected, and as they're up 22 percent, who can blame them? Gross profit margin for the quarter was two points higher than last year and revenue was up five percent (including three percent because of favorable currency conversion...
Industry Association Says Consumer Electronic Sales Up, But Why?
The Consumer Electronics Association is predicting that some key categories will see good sales during the holiday season. But this is not a report that should necessarily cheer anyone in the industry, because there are probably three big words fueling the "strength": really low margins.
Tech Roundup: Drunken Email Regrets, MySQL Becomes TheirSQL, and More
Someone keep me from clicking send -- For those addicted to working into the wee hours and complete exhaustion there's a new meaning to morning after regret. That's the feeling people get when they realize exactly what they sent in emails before they finally gave in to sleep. Google has a new tool t...
AMD Splitting Symptomatic of Semiconductor Industry Woes
There's plenty of news today about AMD's plan to split itself into two. One part will design chips while the other becomes a joint venture with investors from Abu Dhabi. But this isn't a story just about AMD. Indirectly it's about the entire semiconductor industry and the even bigger implications for the global economy when the companies that power everything from greeting cards to autos and appliances can't figure out how to make money. If they can't stay in business, how is anyone going to make anything?
Tech Roundup: Linux Boomerangs, Faux Military Chips, and More
Linux laptops become boomerangs, strong returns -- At least one OEM, MSI, is seeing much stronger returns on Linux laptops than on those running Windows, to the tune of four to one. Apparently people like the price, open the box when they get home, start the laptop up, and then realize that Linux is...
Palm Feeling the Pinch of Rising Commercial Loan Rates
The crisis of confidence on Wall Street is pushing up costs of variable-interest commercial loans, many of which are pegged to the London Interbank Offered Rate (LIBOR). Handset maker Palm Inc., which has invested more than 12 percent of its sales in R&D in each of the last two years, or about $...
IBM Beta Tests Bluehouse, a Business "Facebook"
Not long ago Talkbiznow's CEO was flogging a new type of online business networking -- LinkedIn with souped up communications and services. Now it seems that IBM has just opened the beta on Bluehouse, a similar concept, only undertaken with far deeper pockets and way more experience. IBM's approach, with its impressive resources, should make LinkedIn nervous. Even if the particular expression may not start a category firestorm, it does suggest an evolutionary direction for digital business networking.
Tech Roundup: Aluminum Apples, Chrome Declines, and More
Apple rumored to have new production process-- According to 9to5Mac, Appleis using a new production process in which lasers and water jets carve blocks of aluminum into cases, first for the MacBook Brick, later for -- who knows? The thought is that it would avoid bending and therefore stressing the...
Tech Roundup: Free Games, Yahoo's News for the Bored, and More
Free computer game model reaches US -- Everyone loves free, but gaming companies in Korea seem to have figured out how to make it pay and they're going to give it a try in the US. Nexon, out of Seoul, supports its offerings through micro-transactions in which players buy weapons, armor, and other ac...
Credit Crunch Hits Small Tech Firms
The House has just passed the banking bailout bill and not a moment too soon. Experts have been talking about how the effects of credit tightness were starting to be felt by most of the country, and small technology firms have found that they are in just as bad a position as everyone else.
Tech Roundup: TCP/IP and iPhone Security Vulnerabilities, Internet Radio Temporary Resuscitation, Microsoft to Build European Research Centers, and More
Researchers claim new networking vulnerability -- A couple of researchers are claiming that they've discovered flaws in TCP/IP protocol stacks that hackers could use to unleash new denial of service (DoS) attacks on Internet-connected computers. The results supposedly could range from crashing a dev...
Digital Cinemas Suggest New Way to View Markets
Hollywood studios are starting to line up to help finance the rollout of digital technology in movie theaters. While an interesting story, particularly if you're a motion picture technology buff at all, it's an important reminder that there are non-digitized markets out there that might present impo...
Tech Roundup: Game Companies Hunt Pirates, Bad Oracle Consultants, Green Google Investments, and More
Activision Blizzard chases individual game pirates -- Clearly some in the gaming community have been watching the RIAA a bit too closely. Activision Blizzard has been suing individuals who have pirated its game Call of Duty 3. Out of six people so far pursued, three settled for $100,000, one for $25...
Much of Tech Fares Worse than Wall Street on Bailout Nix
The stock market took a beating today, but it's important to keep some perspective because things could have been worse. The Dow Jones Industrial Average lost about 7 percent in value, but that doesn't rank among the top 10 percentage losses. Nasdaq lost about 9.1 percent, which is its third biggest percentage drop. However, tech stocks seemed to take even more of a beating.
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Trump formally signs U.S.-Iran deal as questions linger about nuclear program
President Trump warned he could order new strikes if Iran's leaders "don't behave." The U.S. and Iran signed the memo of understanding remotely, a White House official said.
Senate postpones Clayton's confirmation hearing after Trump upends plans
The Senate canceled Jay Clayton's confirmation hearing on Wednesday after President Trump's move to delay the installation of the new intelligence chief.
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
How Trump's memo of understanding with Iran compares to the Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
Oklahoma pastor drops out of House race after texting scandal
Jackson Lahmeyer had been backed by President Trump, although the president dropped his endorsement shortly before Lahmeyer dropped out.
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Victims ID'd in B-52 bomber crash that killed 8 at Edwards Air Force Base
As standard practice, the military makes public identifications 24 hours after next of kin have been notified.
Exclusive
Is Russia burning through air defense missiles at an "unsustainable rate"?
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
U.S.
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Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
Oklahoma pastor drops out of House race after texting scandal
Jackson Lahmeyer had been backed by President Trump, although the president dropped his endorsement shortly before Lahmeyer dropped out.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
The Obama Presidential Center and Library opens in Chicago
After more than a decade since it was announced, the Obama Presidential Center and Library officially opens to the public in Chicago's Jackson Park on June 19, 2026.
MoneyWatch
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Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Social Security faces looming benefit cuts. Can the program be saved?
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Yum! Brands sells struggling Pizza Hut in $2.7 billion deal
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
Politics
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Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
How Trump's memo of understanding with Iran compares to the Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
Oklahoma pastor drops out of House race after texting scandal
Jackson Lahmeyer had been backed by President Trump, although the president dropped his endorsement shortly before Lahmeyer dropped out.
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
HealthWatch
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Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
World
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How mistrust and war are fueling a deadly Ebola outbreak
Efforts to stop Central Africa's deadly Ebola outbreak face widespread mistrust and porous borders in a war zone.
How Trump's memo of understanding with Iran compares to the Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Exclusive
Is Russia burning through air defense missiles at an "unsustainable rate"?
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
Vance says text of U.S.-Iran deal will be released Friday "at the latest"
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
Entertainment
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CBS to host "The Great American Block Party 250" special on July 4
CBS will host a primetime special celebrating America's 250th birthday on Saturday, July 4, with exclusive performances and the largest fireworks show in history.
CBS to host America 250 special on July 4
"CBS Evening News" anchor Tony Dokoupil and "Entertainment Tonight" co-host Nischelle Turner will host "The Great American Block Party 250," a primetime special on July 4 celebrating America's 250th birthday from Washington, D.C.
Durand Bernarr on new music
Durand Bernarr talks about collaborations in his music, why his new album's title is a tribute to his father and his music journey since his viral Grammy speech earlier this year.
Messi ties men's World Cup goals record with first World Cup hat trick
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
America250 announces concert headliners, host
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
Technology
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Technology
Australia's social media ban, 6 months later
Six months after Australia implemented the world's first-ever social media ban for kids under 16, South Australia Premier Peter Malinauskas joins "The Daily Report" to discuss the changes he's seen among teens.
Anthropic pulls access to new AI models
Anthropic pulled access to its newly released AI models, Mythos 5 and Fable 5, after the U.S. government restricted who could use them. David Katzmaier, CNET editor-in-chief, joins CBS News to discuss.
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.
Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Gilgo Beach serial killer sentenced
In a Long Island courtroom Wednesday, Rex Heuermann received three life sentences for choking and dismembering eight women, most of them in his basement, over the course of more than 15 years. The 62-year-old addressed the court before he was sent away. Tom Hanson reports.
Inside Gilgo Beach killer's sentencing hearing
A judge on Wednesday sentenced Gilgo Beach serial killer Rex Heuermann to life in prison without parole. CBS News New York's Jennifer McLogan was in the courtroom and joins with details.
Heuermann addresses court as he's sentenced
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
Rex Heuermann sentenced to life in prison
Rex Huermann, the man who pleaded guilty to a series of murders known as the Gilgo Beach serial killings, has been sentenced to life in prison without the possibility of parole. CBS News' Shanelle Kaul reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Australia's social media ban, 6 months later
Six months after Australia implemented the world's first-ever social media ban for kids under 16, South Australia Premier Peter Malinauskas joins "The Daily Report" to discuss the changes he's seen among teens.
Breaking down the powers of a grand jury
California Gov. Gavin Newsom and his wife are the latest White House adversaries to claim they are now under investigation by the Justice Department. The DOJ has not commented on Newsom's claim. The alleged investigation has raised questions about the powers of a federal grand jury. CBS News legal contributor Jessica Levinson breaks it all down.
Breaking down preliminary U.S.-Iran deal
A White House official tells CBS News that President Trump and Iranian President Masoud Pezeshkian remotely signed a memorandum of understanding to end the Iran war. Eric Lob, associate professor of politics and international relations at Florida International University, joins with analysis.
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Flooding along Texas coast; tornadoes in Midwest
Millions of Americans along the Gulf Coast are bracing for more torrential rain from Tropical Storm Arthur that could lead to life-threatening flash flooding. Parts of the Midwest are under a tornado watch and could also experience flooding. CBS News national weather correspondent Rob Maricano has the latest from Illinois.