Stock market shocked by economy fears
The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.
Dow Jones
Stock market suffering disastrous day
U.S. markets are taking a hit Monday with the Dow falling over 1,000 points to start the day and semiconductor stocks like Nvidia and Intel dipping over 7%. Overseas, Japan's market had the worst day in its history, dropping over 12%. CBS News contributor J.D. Durkin has more.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
The story of 2 American economies
Two major stock indexes, the S&P 500 and Dow Jones Industrial Average, are up over 15% compared to a year ago. Financial analysts point to this as an example of the U.S. economy's health, but the benefits are not accessible to all Americans. CBS News' Lindsey Reiser explains.
Evan Gershkovich's trial begins in Russia
Wall Street Journal reporter Evan Gershkovich, who was arrested in Russia for espionage charges, appeared in court Wednesday for his trial. The State Department called Gershkovich "wrongfully detained," affirming the U.S. is seeking his release. Jason Conti, the general counsel and executive vice president for Dow Jones, the company that owns The Wall Street Journal, joins CBS News with more.
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Breaking down the Dow's 40,000 milestone
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Trump Media stock down since March peak
Stocks for former President Donald Trump's Truth Social parent company are sinking. Javier E. David, the business and markets managing editor for Axios and a CBS News contributor, breaks down the factors affecting Trump Media & Technology Group's shares.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Dow hovering near 40k mark
The top three major stock indexes are looking for their fifth straight positive day of trading Friday. Each major index hit new record highs Thursday as the Dow gets closer to the 40k mark. Laila Maidan, investing correspondent for Business Insider, joined CBS News to discuss the day's trading.
Stocks tumble after hot inflation report
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Dow reaches 37,000-point milestone
The Dow Jones Industrial Average jumped 500 points Wednesday, crossing the 37,000-mark for the first time ever.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Dow jumps 520 points as investors cheer inflation slowdown
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
Biden economic adviser on credit downgrade
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
Economic impact of excessive heat
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
Stocks close strong as debt talks improve
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Retail earnings show mixed results
Stocks closed in the green Wednesday, as investors react to the debt ceiling negotiations and new earnings data. Wall Street Journal markets reporter Hannah Miao joined CBS to explain what the information means for investors and consumers.
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
Live
U.S., Iran have agreed to broad principles of deal, Trump official says
There is broad commitment on the principles of a deal, a senior Trump administration official said, and the administration feels positive about where things stand.
Iran agrees in principle to dispose of highly-enriched uranium, official says
But a deal to end the Iran war likely will not be signed this weekend, a senior Trump administration official said.
Gunman killed after opening fire on Secret Service checkpoint outside White House
A bystander was also wounded, but no Secret Service officers were injured, officials said. President Trump was in the White House at the time of the incident.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
2 dead, dozens wounded after Russia launches large attack on Ukraine
Russia used a powerful hypersonic missile that has nuclear capabilities to carry out a massive attack Sunday in Kyiv, Ukraine.
Newsom declares state of emergency for California chemical leak as officials seek solutions
Southern California officials are desperately searching for a safe resolution to a leaking toxic chemical tank at an aerospace facility.
24 killed, dozens more injured in suicide bombing in Pakistan
Prime Minister Shehbaz Sharif called the attack a "cowardly act of terrorism" on social media.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
U.S.
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Celebrating most prestigious, and junkers, of automobile world
In California, the Pebble Beach Concours d'Elegance is widely considered the most prestigious car show in the world. But just a few miles away, the Concours d'Lemons celebrates the junkers of the automotive world.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
Recipe: Lavender and lemon poppy seed cake from "Cake Picnic"
Elisa Sunga shares how to make lavender and lemon poppy seed cake in her cookbook, "Cake Picnic: Recipes for the Love of Cake & Friends."
Iran moving World Cup training base from U.S. to Mexico
Iran had been scheduled to train in Tucson, Arizona, but it will now move its training base to Tijuana, Mexico, just south of San Diego.
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
MoneyWatch
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AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
House lawmakers launch insider trading probe into Kalshi and Polymarket
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh sworn in as new Fed chair, replacing Powell
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
This factor may determine whether you get rich. You don't control it.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Politics
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Transcript: Reps. Josh Gottheimer and Mike Lawler on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Reps. Josh Gottheimer, Democrat of Maine, and Mike Lawler, Republican of New York, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Iran agrees in principle to dispose of highly-enriched uranium, official says
But a deal to end the Iran war likely will not be signed this weekend, a senior Trump administration official said.
Transcript: Lt. Col. William Swenson (Ret.) and Command Sergeant Major Matthew Williams (Ret.) on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with retired Lt. Col. William Swenson and retired Command Sergeant Major Matthew Williams (Ret.) that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
Exclusive
Trump says U.S. is "getting a lot closer" to agreement with Iran
U.S. officials and negotiators were discussing a process to reopen the Strait of Hormuz, sources briefed on the conversations said.
HealthWatch
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Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about California chemical tank set to explode or leak
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
World
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Transcript: Reps. Josh Gottheimer and Mike Lawler on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Reps. Josh Gottheimer, Democrat of Maine, and Mike Lawler, Republican of New York, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Iran agrees in principle to dispose of highly-enriched uranium, official says
But a deal to end the Iran war likely will not be signed this weekend, a senior Trump administration official said.
Transcript: Lt. Col. William Swenson (Ret.) and Command Sergeant Major Matthew Williams (Ret.) on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with retired Lt. Col. William Swenson and retired Command Sergeant Major Matthew Williams (Ret.) that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
2 dead, dozens wounded after Russia launches large attack on Ukraine
Russia used a powerful hypersonic missile that has nuclear capabilities to carry out a massive attack Sunday in Kyiv, Ukraine.
24 killed, dozens more injured in suicide bombing in Pakistan
Prime Minister Shehbaz Sharif called the attack a "cowardly act of terrorism" on social media.
Entertainment
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Entertainment
Ryan Bingham reflects on his music, TV career
Ryan Bingham's career spans decades and genres. He went from a 2009 awards season sweep with "The Weary Kind (Theme from Crazy Heart)" to starring as Walker in "Yellowstone." Bingham sat down with "CBS Saturday Morning" to reflect on his work and to discuss his latest project, "They Call Us The Lucky Ones," which he created in collaboration with The Texas Gentlemen.
Lamorne Morris steps into the Marvel universe
Lamorne Morris sits down with "CBS Saturday Morning" to discuss his career as he steps into the Marvel universe with Nicholas Cage for "Spider-Noir."
Ryan Bingham and The Texas Gentlemen perform "Relevance"
Ryan Bingham is an Oscar, Grammy, Golden Globe and Critics' Choice award-winning singer-songwriter who also played Walker in "Yellowstone." For his first album in seven years, Bingham teamed up with The Texas Gentlemen to create "They Call Us The Lucky Ones." Here's Ryan Bingham and The Texas Gentlemen performing "Relevance."
Ryan Bingham and The Texas Gentlemen perform "Let the Big Dog Eat"
Ryan Bingham is an Oscar, Grammy, Golden Globe and Critics' Choice award-winning singer-songwriter who also played Walker in "Yellowstone." For his first album in seven years, Bingham teamed up with The Texas Gentlemen to create "They Call Us The Lucky Ones." Here's Ryan Bingham and The Texas Gentlemen performing "Let the Big Dog Eat."
Ryan Bingham and The Texas Gentlemen perform "The Lucky Ones"
Ryan Bingham is an Oscar, Grammy, Golden Globe and Critics' Choice award-winning singer-songwriter who also played Walker in "Yellowstone." For his first album in seven years, Bingham teamed up with The Texas Gentlemen to create "They Call Us The Lucky Ones." Here's Ryan Bingham and The Texas Gentlemen performing "The Lucky Ones."
Technology
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CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
Ring founder on the Fire Watch feature
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
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.
Stanford student on how AI impacted his class
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Science
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Science
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
Crime
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Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
Possible shots heard from White House
Several shots were heard from the White House property on Saturday. Aaron Navarro reports from the location after Secret Service told him to get down immediately.
Lawyers shot outside North Carolina courthouse
In Raleigh, North Carolina, a woman's civil case turned into a criminal one after police said she shot two lawyers outside a courthouse. Both were hospitalized. Skyler Henry reports.
Ivey and Ellison on 6 years since Floyd murder
Six years after his murder in Minneapolis, and despite passing the House twice, the George Floyd Justice in Policing Act remains stalled in the Senate. Some lawmakers are hoping to change that. Democratic Rep. Glenn Ivey of Maryland and Minnesota Attorney General Keith Ellison join to reflect on the state of police reform.
Mosque attack was streamed online
The deadly attack at the Islamic Center of San Diego was streamed online, and at least three people watched as two teenagers attacked the facility filled with young students, CBS News' Anna Schecter reports.
Space
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SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
A cake picnic worth cutting into
For the last two years, thousands of dessert lovers have gathered at a Cake Picnic, hosted in cities around the world, to show off their showstopping baked creations or their store-bought favorites. The rule: no cake, no entry. Founder Elisa Sunga shares with Faith Salie how she baked up the recipe for the touring Cake Picnic.
Reefline: Bringing art to Miami's coastline
Argentinian-born art curator Ximena Caminos is the mastermind behind Miami's newest art installation, Reefline, an underwater sculpture park that doubles as an artificial coral reef about 300 yards from the Florida coast and 20 feet below the surface. Luke Burbank reports.
Rubio: "Significant progress" in Iran talks
Secretary of State Marco Rubio said Sunday that "significant progress" had been made in peace talks with Iran, but not "final progress" after President Trump's call with leaders of several Arab and Muslim countries. Imtiaz Tyab has the latest from Tel Aviv.
Full interview: Swenson and Williams
Watch Margaret Brennan's full interview with Medal of Honor recipients Retired Army Lt. Col. William Swenson and retired Army Command Sergeant Major Matthew Williams, a portion of which aired on May 24, 2026.
Celebrating the best and worst cars
In California, the Pebble Beach Concours d'Elegance is an invite-only event celebrating the most valuable collector cars in the world. And just a few miles away, Concours d'LeMons is a once-a-year celebration of the less desirable, less loved and less expensive automobiles. Lee Cowan heads to both events — one that celebrates the best in show, and the other only a worst in show.