Stocks slide after Trump bashes Fed and Mnuchin calls bankers
President said Fed has no "feel" for the market, while Treasury Secretary seeks to reassure investors that banks are fine
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President said Fed has no "feel" for the market, while Treasury Secretary seeks to reassure investors that banks are fine
Short-term interest rates are higher after the Fed raised rates Wednesday by a quarter point, to a range of 2.25 percent to 2.5 percent. It's the fourth rise this year and the highest level since 2008. The Dow closed down almost 352 points after the announcement, the lowest close of the year. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss how the rate rise affects Americans.
Trade worries have sent stocks plunging just as interest rates seem poised to rise. Melissa Armo, owner of The Stock Swoosh, explains why the markets are queasy.
Volatility high not just week to week but also minute to minute, as Dow, S&P 500 and Nasdaq all swing to positive from negative
Uncertainty over what is happening as the U.S. and China negotiate trade sent stock markets plummeting Thursday. CBSN's Vlad Duthiers and Anne-Marie Green explain what's happening in the markets.
The cease-fire boosted financial markets, but analysts question if the countries can broker a stronger pact
Federal Reserve chief calls interest rates "just below ... neutral," implying central bank's hikes could slow soon
Gains in tech and retail shares took U.S. indexes higher on Monday following several punishing sessions
Tech stocks dragged down the stock market Tuesday, wiping out gains for 2018. Yahoo Finance senior columnist Rick Newman joins CBSN to explain what this means for the economy.
Investors appear relieved that the midterm results are pretty much what they had expected, even the likely gridlock
Industrial and technology companies rallied on strong earnings, while energy companies traded lower
Financial markets reverse course after rising earlier in the day, as big tech companies rack up losses
The stock market is not the economy, but sometimes they respond to the same signals
Charts for the entire region were awash in red, but the declines were mostly in the 2 percent to 3 percent range
U.S. stocks fell Wednesday, with the Dow Jones Industrial Average losing more than 600 points. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain what's behind the drop.
Stocks pulled back again as rising geopolitical risks and steel tariff impacts weigh heavily on investor sentiment
The Dow Jones continued its decline Thursday after dropping over 800 points on Wednesday. Yahoo Finance reporter Scott Gamm joined CBSN to discuss.
The Dow Jones plunged more than 800 points Wednesday, its worst drop since February. Martin Baccardax from TheStreet.com joins CBSN to discuss why they saw such sharp drops, and how President Trump reacted.
The president has criticized the Federal Reserve for raising interest rates
Investors rattled amid mounting fears that inflation, China trade war could hit corporate profits
Markets moved higher on healthy corporate profits and news of a possible trade deal with Mexico
America's largest drugstore chain reported better-than-expected earnings two days after it joined the Dow
Investors jittery as political upheaval spurs concerns new Italian government could steer country toward eurozone exit
Major U.S. indexes were in the red on Tuesday as industrial and tech stocks led declines
Stocks plunged Friday after President Trump threatened to escalate the tariff battle with China and words by Treasury Secretary Steven Mnuchin added to the fear. The Dow finished down 572 points -- losing just over 2 percent of its value. CBS News correspondent Nikki Battiste reports.
Explosions were heard near a U.S. base in Iraq, and Iran said it targeted Bahrain, Jordan and Kuwait as the 21-week war intensifies.
The Pentagon website, which was last updated on July 22, still showed only 14 killed in the conflict as of Friday.
The cyclosporiasis outbreak, the nation's largest, is currently affecting nine states.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
U.S. Immigration and Customs Enforcement has purchased commercial spyware that can covertly take control of phones, collect messages, photos and location information.
President Trump is expected to attend the redo of the White House Correspondents' Dinner on Friday night after an armed assailant upended April's dinner.
The Milwaukee County Sheriff's Office said Romo was pulled over around 6 p.m. on Thursday.
The suspect in Thursday's double stabbing on New York City's Upper West Side has been charged with attempted murder as a hate crime, among other things.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
The Milwaukee County Sheriff's Office said Romo was pulled over around 6 p.m. on Thursday.
President Trump accused the European Union of "robbing" American companies and taxpayers.
The DNC Rules and Bylaws Committee voted Friday to recommend that South Carolina should hold the nation's first 2028 presidential nominating contest.
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
President Trump accused the European Union of "robbing" American companies and taxpayers.
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
A short circuit in the engine compartment can potentially cause a fire. Here's the fix.
President Trump announced new tariffs of up to 12.5% to replace expiring Section 122 levies. Here are the rates for each country.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
President Trump accused the European Union of "robbing" American companies and taxpayers.
The DNC Rules and Bylaws Committee voted Friday to recommend that South Carolina should hold the nation's first 2028 presidential nominating contest.
President Trump is expected to attend the redo of the White House Correspondents' Dinner on Friday night after an armed assailant upended April's dinner.
The Pentagon website, which was last updated on July 22, still showed only 14 killed in the conflict as of Friday.
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
Confirmed measles cases in the U.S. just hit a 35-year high, and it's only July.
The cyclosporiasis outbreak, the nation's largest, is currently affecting nine states.
U.S. health officials said they are investigating an additional outbreak of cyclospora, but do not know its source. Plus, Taylor Farms has reportedly shut down the plant where lettuce is suspected to have started the initial outbreak that has sickened thousands in at least 41 states. Carter Evans reports.
Utah's weekly measles case count has fallen. The national tally hasn't, and a newborn who's too young to be vaccinated is caught in between.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
Alejandro Arias-Monge, 41, had a $500,000 U.S. bounty on his head for alleged drug trafficking.
A charity is turning thousands of knives taken off London streets into a new type of weapon to counter youth violence: Free outdoor gyms.
The case of former officer Daniel Hiers Jr. was featured on "America's Most Wanted."
The Pentagon website, which was last updated on July 22, still showed only 14 killed in the conflict as of Friday.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
The robot actor is generating work for Hollywood creatives, not stealing jobs from actors, her inventor tells CBS News.
Peter Lassally, the fabled TV executive for such late-night hosts as Johnny Carson and David Letterman, and a mentor for many rising comedians, died July 19, 2026 at age 93. In this March 11, 2018 "Sunday Morning" profile, correspondent Mo Rocca talked with Lassally (affectionately dubbed "The Host Whisperer") about working with the kings of late-night. Lassally also talks about his childhood, part of which was spent in Nazi concentration camps, and also about whether he has had joy in his life.
"Criminal Minds" star Aisha Tyler was only supposed to be in six episodes of the show, but her journey on the series has now spanned over a decade. She tells "CBS Mornings" how her role has impacted her in real life and what it was like to work with guest star Connor Storrie from "Heated Rivalry."
Actor James Norton describes what it is like to play a villain in "House of the Dragon," which is a prequel to "Game of Thrones" and reveals which scene made him nearly faint during shooting.
Days after OpenAI revealed one of its models went rogue and hacked into another company's servers, House lawmakers are considering a bill that would allow the federal government to effectively shut down models that may put the public at risk. Jo Ling Kent explains.
As the back-to-school shopping season begins, you can expect to pay more for certain items, like laptops, due to shortages stemming from artificial intelligence. Brian Westover, principal hardware writer for PCMag, joins CBS News to discuss how you can save money.
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.
New research from a cybersecurity company now indicates that artificial intelligence models are getting better at solving multi-part problems. Gabriel Bernadett-Shapiro, who worked on the project and is a distinguished AI research scientist at SentinelOne, joins to unpack his team's research.
OpenAI is investigating after two of its AI bots went rogue and targeted an outside company during a training exercise in what the company called an "unprecedented cyber incident." Ian Krietzberg, an AI correspondent at Puck, joins with more.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
A judge is set to decide whether to move forward with a jury trial of singer D4vid in the case of 14-year-old Celeste Rivas Hernandez's murder after the doctor who performed her autopsy delivered a disturbing testimony in a preliminary hearing. Adam Yamaguchi has more.
The suspect in Thursday's double stabbing on New York City's Upper West Side has been charged with attempted murder as a hate crime, among other things.
Alejandro Arias-Monge, 41, had a $500,000 U.S. bounty on his head for alleged drug trafficking.
The Secret Service says there has been a significant rise in threats ahead of the rescheduled White House Correspondents' Dinner. CBS News' Nicole Sganga has more details.
The teen accused of killing four people during a 2024 shooting at Apalachee High School in Georgia has pleaded guilty to all charges. CBS News' Jared Eggleston reports.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
The White House Correspondents' Dinner will honor student journalists and reporters from around the country on Friday night. One of those students, Ssanyu Lukoma, who attends Howard University, joins "The Takeout" to discuss what she wants out of a potential career in journalism.
Sports columnist for The Philadelphia Enquirer Mike Sielski joins "The Daily Report" to break down why basketball legend LeBron James might have chosen the Philadelphia 76ers as his next NBA home.
A judge is set to decide whether to move forward with a jury trial of singer D4vid in the case of 14-year-old Celeste Rivas Hernandez's murder after the doctor who performed her autopsy delivered a disturbing testimony in a preliminary hearing. Adam Yamaguchi has more.
President Trump announced a new set of tariffs ranging from 10% to 12.5% on 60 trade partners over "forced labor" concerns on Thursday, just as Mr. Trump's temporary 10% levy was due to expire. Olivia Rinaldi explains what this means for consumers.
LeBron James announced Friday he is signing a two-year deal to play for the Philadelphia 76ers. The Athletic staff writer Tony Jones joins "The Takeout" with analysis.