Powell suggests Fed may not make December cut
The Dow Jones dipped on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again in 2025. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Dow Jones
Market sell-off amid U.S.-China trade tensions
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Dow Jones dips after new July inflation data
The Dow Jones fell on Friday after new data showed inflation remained mostly steady in July, but with some prices edging up. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Trump's move to fire Lisa Cook could give him leverage over Fed board
Removing a top Fed official threatens to shake investor confidence in the central bank's long-standing independence, according to Wall Street observers.
Investors shrug off concerns after Trump says he removed Fed official
Investors still expect a September interest-rate cut despite President Trump move to oust Fed official Lisa Cook.
Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Dow Jones soars over 800 points
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
July wholesale prices up more than expected
The Dow Jones dipped slightly on Thursday after new inflation data showed that wholesale prices rose more than expected last month. CBS News senior business and technology correspondent Jo Ling Kent reports.
Trump sues for libel over WSJ's Epstein story
President Trump is suing the Wall Street Journal for $20 billion in damages. The paper reported that he sent a risqué birthday letter to Jeffrey Epstein for his 50th birthday. Willie James Inman has the latest.
Trump sues WSJ, Murdoch over report
President Trump announced that he is suing the publisher and owner of the Wall Street Journal, media tycoon Rupert Murdoch, and others in a $10 billion libel lawsuit. This comes less than 24 hours after the Journal published a report claiming Mr. Trump wrote Jeffrey Epstein a "bawdy" birthday note in 2003. CBS News reporter Erica Brown has more details.
Stocks fall after Trump's Canada tariff threat
Stocks tumbled on Friday after President Trump threatened to slap a 35% tariff on Canadian goods. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Nvidia hits $4 trillion value in major first
Artificial intelligence giant Nvidia became the first company to surpass a $4 trillion market valuation on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Wall Street reacts to new tariff deadline
CBS News MoneyWatch correspondent Kelly O'Grady reports on how markets are reacting after President Trump pushed back the deadline for countries to make trade deals with the United States. Countries now have until August 1 before they'll face tariff increases.
Stocks slump Monday after Trump threatens new tariffs on certain countries
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
Dow closes red after fresh tariff threats
The Dow Jones closed down over 400 points on Monday as President Trump sent letters to foreign countries warning of tariff increases that would go into effect August 1. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Stock futures rise as investors bet that Iran-Israel truce will stick
Stock market futures climbed and oil prices fell Tuesday, a sign Wall Street expects geopolitical risks to recede.
Dow sinks over 750 points after Israel's attack on Iran
The Dow dropped more than 750 points Friday as investors fret over the risk of a widening war in the Middle East.
Stock markets slide and oil prices surge after Israel attack on Iran
Stock futures in the U.S. dropped and global oil prices jumped following an Israeli strike targeting Iran's nuclear facilities.
Markets rally after Trump's EU tariff delay
The stock market rallied on Tuesday following President Trump's announcement that he would delay a 50% tariff on goods from the European Union. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Markets slide after Trump lobs tariff threats at Apple and EU
The markets closed lower Friday after President Trump threatened to impose a 25% tariff on Apple and 50% tariff on the European Union.
Stocks fall as Trump threatens new tariffs
The Dow Jones closed down on Friday as President Trump's fresh tariff threats lit a fire under the European Union and Apple. Sarah Frier, Bloomberg technology editor, joins with analysis.
Stocks close relatively flat
One day after it tumbled more than 800 points, the Dow Jones landed in the red by the tiniest of margins on Thursday. CBS News contributor JD Durkin examines the market.
Stock market falls sharply after Target reports sales drop
Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook.
Dow tumbles over 800 points, bond yields spike
The Dow Jones dropped more than 800 points on Wednesday. Paul La Monica, senior writer for Barron's, joins CBS News to examine what's behind the selloff.
Big tech stocks dip lower
The Dow ended Tuesday down more than 100 points and S&P ended its six-day winning streak. Plus, Home Depot said it does not plan to raise its prices due to tariffs. CBS News business contributor Javier David has more.
Live
Iran calls Strait of Hormuz situation "sensitive and complex" amid shaky ceasefire
Iran denied its negotiators would be meeting with U.S. officials in Qatar after President Trump announced the talks would resume at Tehran's request.
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Some Russian soldiers last just minutes on front lines, military bloggers say
Once Russian soldiers reach certain parts of the front lines of the war in Ukraine, they can expect to live an average of just 20 to 35 minutes, according to a grim estimate by Russian military bloggers.
Trump nominates Keith Sonderling as labor secretary
Sonderling was elevated to the role in an acting capacity after Labor Secretary Lori Chavez-DeRemer left the position in April.
Heat dome to scorch major U.S. cities this week, forecasters warn
A heat wave will blast a large swath of the U.S. this week. The National Weather Service says temperatures will feel hotter because of the high humidity that's arriving with it.
CBS Chicago reporter, photographer attacked by 2 men
One of the men then smashed our photographer's camera while the other smashed the windshield of our news truck.
Woman killed, 2 injured in series of Florida alligator attacks
Officials say people and pets should keep a safe distance away from the water to limit the chances of an alligator encounter.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
Aide who planned JFK Jr.'s secret wedding weighs in on Swift-Kelce rumors
RoseMarie Terenzio, who was JFK Jr.'s former chief of staff and planned his secret wedding to Carolyn Bessette, said she doesn't think Taylor Swift and Travis Kelce are getting married at Madison Square Garden.
U.S.
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Man with same name as Alaska Sen. Dan Sullivan can appear on ballot, court rules
The Alaska Supreme Court ruled Monday that a man with the same name as Republican Sen. Dan Sullivan can challenge the sitting lawmaker in the state's GOP Senate primary in August.
CBS Chicago reporter, photographer attacked by 2 men near Adler Planetarium
One of the men then smashed our photographer's camera while the other smashed the windshield of our news truck.
CBS News poll on America at 250 — its successes and its challenges
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
MoneyWatch
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Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
The Trump administration says SNAP is rife with fraud and waste. Is it?
The USDA says almost 11% of SNAP payments contain errors, almost double the threshold set by Congress. Here's what is going on.
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continues
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Politics
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Man with same name as Alaska Sen. Dan Sullivan can appear on ballot, court rules
The Alaska Supreme Court ruled Monday that a man with the same name as Republican Sen. Dan Sullivan can challenge the sitting lawmaker in the state's GOP Senate primary in August.
Trump nominates Keith Sonderling as labor secretary
Sonderling was elevated to the role in an acting capacity after Labor Secretary Lori Chavez-DeRemer left the position in April.
CBS News poll on America at 250 — its successes and its challenges
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
Senate Ethics Committee dismisses misconduct complaint against Gallego
The bipartisan committee said it "did not find evidence that your actions violated federal law, Senate rules or related standards of conduct."
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
HealthWatch
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Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Former NFL star Chris Johnson says he's been diagnosed with ALS
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Mom gets answers after fighting for diagnosis: "Something's wrong"
Michelle Williams struggled with high blood pressure and swelling for years before she was finally diagnosed with an unusual condition.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
World
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Some Russian soldiers last just minutes on front lines, military bloggers say
Once Russian soldiers reach certain parts of the front lines of the war in Ukraine, they can expect to live an average of just 20 to 35 minutes, according to a grim estimate by Russian military bloggers.
Putin says Ukrainian strikes on infrastructure causing "problems" for Russia
Ukraine has intensified strikes on Russia recently, targeting energy and logistics infrastructure.
Rescue teams continue to find survivors of Venezuela earthquakes
Tens of thousands of people are still presumed to be missing after two powerful earthquakes struck Venezuela last week.
6 killed, suspect arrested in shooting at German youth center, police say
German police say a suspect was in custody and six were killed in a rare shooting that took place at a youth center in Stade, near Hamburg.
Soccer star's wife and 2 children killed in Venezuela earthquakes, team says
The wife and two children of Argentine soccer star Lucas Trejo died after powerful earthquakes struck Venezuela, his team said.
Entertainment
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Entertainment
Taylor Swift wedding mystery deepens
Will Taylor Swift be marrying Travis Kelce this week at Madison Square Garden? Jericka Duncan reports.
Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
Aide who planned JFK Jr.'s secret wedding weighs in on Swift-Kelce rumors
RoseMarie Terenzio, who was JFK Jr.'s former chief of staff and planned his secret wedding to Carolyn Bessette, said she doesn't think Taylor Swift and Travis Kelce are getting married at Madison Square Garden.
Olivia Wilde, Edward Norton on "The Invite"
Olivia Wilde and Edward Norton, stars of "The Invite" preview the film, which explores the unraveling and evolution of two very different marriages over the course of an unforgettable evening. The two discuss if they brought any of their own experiences to the movie and Wilde, who also directed the film, shares why she was initially reluctant to star in it.
Preview of "The Angry Birds Movie 3"
"CBS Mornings" exclusively reveals the trailer for "The Angry Birds Movie 3." The film stars Jason Sudeikis and debuts in theaters on Dec. 23.
Technology
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Technology
U.S. eases restrictions on Mythos AI model
The Trump administration is allowing Anthropic to restore access to its Mythos 5 AI model for a select group of U.S. companies and federal agencies. New York Times tech reporter Sheera Frenkel joins CBS News to discuss.
How trains drove American history
The transcontinental railroad changed just about everything in America: transportation, communications, commerce, cities, politics, even our perception of time. Correspondent David Pogue visits Steamtown National Historic Site, in Scranton, Pa., home to Big Boy, the biggest functioning steam train in the world, to learn how trains helped define an expansive America.
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.
California creates AI job trend tracker
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Science
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Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Seahorses and seadragons, some of Nature's most curious creatures
Seahorses are unique ocean inhabitants with a head like a horse, a pouch like a kangaroo, a tail like a monkey, and the ability to camouflage themselves like a chameleon. They also exhibit an unconventional gender dynamic, in that the males do the work of carrying around fertilized eggs. Correspondent Conor Knighton goes in search of these fascinating fish – and their equally fascinating cousins, seadragons – at the Birch Aquarium at the Scripps Institution of Oceanography in California.
Crime
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Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
6 killed, suspect arrested in shooting at German youth center, police say
German police say a suspect was in custody and six were killed in a rare shooting that took place at a youth center in Stade, near Hamburg.
Alex Murdaugh to return to court
Alex Murdaugh is expected back in court in South Carolina on Monday for the first time since the state Supreme Court overturned his convictions for killing his son and wife. Skyler Henry reports.
Detective believes 6-year-old's mother was killed in next room while he slept
For most of his life, Reggie Reed has wondered who murdered his mother Selonia Reed decades ago in Hammond, Louisiana. A fresh look at the evidence ultimately implicated the man he called his "rock" — Reginald Reed Sr., the man who lovingly raised him.
Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Space
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NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
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
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
NASA plans for daring telescope rescue
NASA will attempt a daring space rescue mission as soon as Tuesday morning to prevent an aging telescope from falling back to Earth. CBS News space consultant Bill Harwood has more.
NYT reporting on Venezuela's emergency medical system
The back-to-back earthquakes in Venezuela last week knocked out power in two of the three public hospitals in the hard-hit coastal state of La Guaira, the director of the nonprofit "United Doctors of Venezuela" tells the New York Times. New York Times reporter Genevieve Glatsky joins CBS News to discuss.
Ship traffic drops in Strait of Hormuz
According to maritime tracking website Kpler, 29 vessels passed through the Strait of Hormuz on Saturday and 12 on Sunday, a sharp drop from the 74 ships on Wednesday. On Thursday, Iranian drones hit a ship in the strait, setting off retaliatory strikes from the United States. Over the weekend, Iran attacked a second ship and launched missile and drone strikes at American bases in the region. Aaron MacLean, CBS News national security analyst and host of the "School of War podcast," has the latest.
WHO: Over 1,300 heat-related deaths in Europe
Temperatures broke records across Europe again on Sunday. The head of the World Health Organization says more than 1,300 heat-related deaths have been recorded since June 21. Leigh Kiniry has more from London.