Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow Jones
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Dow closes down amid U.S. economy fears
The Dow Jones Industrial Average tumbled more than 1,000 points Monday as stock markets worldwide dropped over fears of a downturn in the U.S. economy. CBS News contributor J.D. Durkin breaks down the latest numbers.
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.
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.
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U.S. carries out 12th straight night of strikes as threats to oil trade deepen
President Trump threatened to bomb an Iranian bridge or power plant for every ship attacked in the Strait of Hormuz, as one shipping insider said "nothing is going through."
House GOP advances $95B plan to fund Iran war and SAVE America Act
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Secret Service warns of high threat levels before White House Correspondents' Dinner
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
Amish Shah projected to win Arizona's 1st District Democratic primary
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Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
Tropical Storm Bertha moves into Louisiana, heads for Texas. See its path.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
Nolan Wells' cause of death undetermined, family's autopsy shows
Nolan Wells, 18, was found dead just off Horn Island in Mississippi after enjoying a day out with friends on July 4.
Lung cancer in nonsmokers: "A women's health crisis"
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
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Man shot and killed by police in Madison, Wisconsin, sparking protests
Madison's chief of police says an officer in Wisconsin's capital city shot and killed a man who had injured him with a knife while resisting arrest.
House committee urges DOJ to charge former Trump prosecutor Jack Smith
The GOP chair of the House Judiciary Committee encouraged the DOJ to look into criminally charging Jack Smith, alleging the former special counsel who brought charges against President Trump lied to Congress.
Amish Shah projected to win Arizona's 1st District Democratic primary
Democrat Amish Shah will be up against Republican Jay Feely in Arizona's 1st Congressional District in November.
National Guard deployed as flash floods hit West Virginia after 7 inches of rain
Torrential rains in West Virginia have caused flash flooding that inundated homes and businesses this week.
Secret Service warns of high threat levels before White House Correspondents' Dinner
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
MoneyWatch
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House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
Pastor sues OpenAI alleging ChatGPT's medical advice nearly killed him
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
What Trump's generic drug tariffs could mean, according to experts
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
"Nothing is going through" the Strait of Hormuz, shipping insider says
Despite U.S. assertions, the CEO of a maritime risk firm says "there is no guarantee of safe passage" through the Strait of Hormuz.
Kalshi debuts a midterm election hub to predict race outcomes
The site claims its hub will provide accurate insights into election outcomes based on traders' bets.
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House committee urges DOJ to charge former Trump prosecutor Jack Smith
The GOP chair of the House Judiciary Committee encouraged the DOJ to look into criminally charging Jack Smith, alleging the former special counsel who brought charges against President Trump lied to Congress.
Amish Shah projected to win Arizona's 1st District Democratic primary
Democrat Amish Shah will be up against Republican Jay Feely in Arizona's 1st Congressional District in November.
Mayor who survived assassination attempt shot dead in town hall
Mayor Valentin Lavin, who was allied to President Claudia Sheinbaum's leftist party, had already survived an armed attack in January, according to local media reports.
Secret Service warns of high threat levels before White House Correspondents' Dinner
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
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Pastor sues over ChatGPT medical advice
A pastor in Florida is suing OpenAI after he used ChatGPT for medical advice and received suggestions that he claims caused him to delay necessary treatment. Jo Ling Kent reports.
Pastor sues OpenAI alleging ChatGPT's medical advice nearly killed him
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
What Trump's generic drug tariffs could mean, according to experts
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
FDA recalls antihistamine tablets. Here are the affected products.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Lung cancer in nonsmokers: "A women's health crisis"
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
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Mayor who survived assassination attempt shot dead in town hall
Mayor Valentin Lavin, who was allied to President Claudia Sheinbaum's leftist party, had already survived an armed attack in January, according to local media reports.
First beluga whales from Marineland arrive in Texas as rescue underway
Two beluga whales settled into their new home at SeaWorld San Antonio this week following an international relocation mission from shuttered Canadian theme park Marineland.
5,700 more deaths than usual recorded in France during heat wave
France experienced at least 5,700 more deaths than usual during a historic heat wave last month, according to the public health agency.
"Nothing is going through" the Strait of Hormuz, shipping insider says
Despite U.S. assertions, the CEO of a maritime risk firm says "there is no guarantee of safe passage" through the Strait of Hormuz.
U.S. and Saudi Arabia sign nuclear cooperation deal
The U.S. and Saudi Arabia signed a deal for U.S. companies to run nuclear power on Saudi soil, the U.S. Department of Energy announced Wednesday.
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Luke Bracey on "Little House on the Prairie"
Luke Bracey tells "CBS Mornings" the new "Little House on the Prairie" series was adapted from the books rather than a reboot of the TV show. He explains why he thinks it resonates with people today and how a playlist helped him and a co-star bond over their characters.
Anson Mount previews new "Star Trek" season
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Tenisha Warner, widow of Malcolm-Jamal Warner, opens up about being a single mom
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Inside the cameras used for "The Odyssey"
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Kaylee Hottle, actress in "Godzilla vs. Kong," dies at 18 in car crash
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
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Details on OpenAI system's unprompted hack
ChatGPT developer OpenAI says its artificial intelligence systems hacked into another AI company without prompting. Connor Leahy, U.S. director for ControlAI, joins CBS News to discuss.
Machine learning professor on OpenAI attack
OpenAI, the developer behind ChatGPT, says one of its artificial intelligence models went rogue and hacked another AI company. Neil Lawrence, professor of machine learning at the University of Cambridge, joins to assess the claim.
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.
New tech could help millions of paralyzed people
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OpenAI says new model hacked on its own
OpenAI says its new artificial intelligence model hacked another company on its own in what the company called "an unprecedented cyber incident." Mashable tech editor Tim Werth joins CBS News to discuss.
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Wildfire smoke continues to shroud U.S.
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.
How AI data centers impact the environment
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.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
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.
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Man shot and killed by police in Madison, Wisconsin, sparking protests
Madison's chief of police says an officer in Wisconsin's capital city shot and killed a man who had injured him with a knife while resisting arrest.
Pastor sues over ChatGPT medical advice
A pastor in Florida is suing OpenAI after he used ChatGPT for medical advice and received suggestions that he claims caused him to delay necessary treatment. Jo Ling Kent reports.
Rocket launcher hoax shakes LaGuardia
A Delta Airlines pilot coming in to land a flight with more than 100 people on board faced terrifying moments over LaGuardia Airport on Tuesday night after an anonymous caller falsely reported a rocket launcher on the ground. Tom Hanson has the story.
Florida police fire at homicide suspect's car
Florida police fired a barrage of bullets at a vehicle belonging to a man wanted in the killing of a mother of four after he led them on a wild car chase. The suspect was taken into custody. Cristian Benavides has more.
Details from Nolan Wells' independent autopsy
An independent autopsy for Nolan Wells, the Mississippi teen who was found dead after a July Fourth boat party, has been released. Skyler Henry reports.
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Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
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Mission launched to rescue a falling space telescope
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Expert on cyclospora and the supply chain
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Flooding in Louisiana after Bertha landfall
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Remembering the 4 recently fallen U.S. troops
A dignified transfer was held Wednesday for the four U.S. Army soldiers killed in the Middle East in recent days amid the ongoing war with Iran. Lindsey Reiser shares more details on Lt. Tyler James Feehan, Pvt. Isabella Gonzales, Sgt. Angel Rampersad and Sgt. Michael Emmanuel Swinton.