Dow drops over 700 points amid war uncertainty
The Dow Jones dropped more than 700 points on Friday, while the S&P 500 posted its fifth straight weekly drop. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to discuss.
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The Dow Jones dropped more than 700 points on Friday, while the S&P 500 posted its fifth straight weekly drop. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to discuss.
Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
As AI use rises, many see it decreasing the number of jobs available.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
Fed Chairman Jerome Powell used the phrase "we don't know" at least 14 times during his press conference. Investors are nervous.
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.
Oil prices edged slightly lower on Wednesday as markets reacted to news of a deal between Baghdad and Erbil that would resume oil exports out of Iraqi Kurdistan. Megan Leonhardt, a senior writer for Barron's, joins with more.
Since the start of the Iran war, gas prices have increased by 27%, and diesel prices have increased by 34%. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins to examine the potential impact of the war on the overall economy.
This week on "Face the Nation with Margaret Brennan," amid new strikes from Israel and Iran in the Middle East, Margaret Brennan speaks to Iranian Foreign Minister Abbas Araghchi and Trump economic adviser Kevin Hassett. Plus, Rep. Dan Crenshaw and Sen. Mark Warner join.
The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez has more on the energy shock.
"CBS Saturday Morning" offers tips for avoiding scams this tax season.
Iran continues to harass vessels in the Strait of Hormuz, and the prospect of U.S. naval escorts appears more likely. But when that would occur remains a mystery. CBS News' Matt Gutman and Aaron MacLean have the latest.
GDP grew at a sluggish 0.7% pace in the final months of 2025 as the government shutdown hurt economic activity.
Months after the U.S. minted its last penny, Americans are experiencing a shortage of the one-cent coin. CBS News reporter Kati Weis has the details on how some states are working on legislation to address the rounding issue in cash purchases.
For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.
The Fertilizer Institute says the war with Iran is disrupting the fertilizer supply chain and pushing prices up roughly 30% in the past few weeks. Lance Lillibridge, a farmer in Vinton, Iowa, joins CBS News to discuss the impact he's seeing.
President Trump on Wednesday made stops in Ohio and Kentucky to promote his economic agenda ahead of this year's midterm elections. He also addressed the Iran war and rising gas prices. The cost of oil has already had an impact on some businesses. Weijia Jiang reports.
The Strait of Hormuz sees roughly 20% of the world's oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins "The Takeout" with analysis.
Rep. Adam Smith of Washington state, the ranking Democrat on the House Armed Services Committee, opposes the war in Iran and wants Congress to be much more involved in policymaking. Smith joins "The Takeout" with his perspective.
Suspected Iranian drones hit at least three ships in and around the Strait of Hormuz overnight as fighting in the vital shipping lane escalates. CBS News chief correspondent Matt Gutman reports from Tel Aviv, Israel.
The International Energy Agency agreed Wednesday to release 400 million barrels of oil from its strategic reserves to alleviate the shortage caused by the Strait of Hormuz shutdown. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
February's CPI report shows inflation held steady. Erin Delmore, a geoeconomics correspondent, joins to break it down.
CBS News business analyst Jill Schlesinger speaks with "CBS Mornings" about how to best utilize your tax refund. The IRS says it has already received more than 51 million returns. (Sponsored by Edward Jones)
The pressure to reopen the Strait of Hormuz is intensifying, along with the rhetoric around it from the U.S. and Iran. Matt Smith, an analyst at the data firm Kpler, joins to discuss.
The Trump administration expects Iran's formal response to its 15-point peace proposal today, as Tehran continues blocking the Strait of Hormuz.
The pressure now shifts to the House to end the Department of Homeland Security shutdown that has severely disrupted air travel in some major airports. Follow live updates.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
Seizing the highly enriched uranium would be more difficult and complex than anything U.S. Special Operations forces have ever attempted, military experts told CBS News.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The full committee will recommend sanctions for Rep. Sheila Cherfilus-McCormick, a Florida Democrat, after the House's April recess.
Eric Fernando Gutierrez Molina, 32, a U.S. citizen and North Texas resident, went missing Saturday evening after a night out with a fellow flight attendant.
The Iranian response to the U.S.' 15-point peace proposal is expected on Friday, multiple sources familiar with the matter told CBS News.
Police said a Secret Service agent assigned to Jill Biden accidentally shot himself at Philadelphia International Airport.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
Seizing the highly enriched uranium would be more difficult and complex than anything U.S. Special Operations forces have ever attempted, military experts told CBS News.
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
Eric Fernando Gutierrez Molina, 32, a U.S. citizen and North Texas resident, went missing Saturday evening after a night out with a fellow flight attendant.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
Iran has a stranglehold on the Strait of Hormuz, and as pressure mounts, it's threatened to target another vital Middle East shipping lane, the Bab el-Mandeb Strait.
Stocks suffered a fifth straight weekly loss as oil prices climbed and mixed signals on Iran raised fears about inflation and growth.
Seizing the highly enriched uranium would be more difficult and complex than anything U.S. Special Operations forces have ever attempted, military experts told CBS News.
The Iranian response to the U.S.' 15-point peace proposal is expected on Friday, multiple sources familiar with the matter told CBS News.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The full committee will recommend sanctions for Rep. Sheila Cherfilus-McCormick, a Florida Democrat, after the House's April recess.
The Justice Department has made public millions of pages from its investigation into convicted sex offender Jeffrey Epstein.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Iranian state media reported that "explosive packages" slightly larger than tuna cans had been dropped by aircraft over the area. U.S. Central Command declined to comment.
Seizing the highly enriched uranium would be more difficult and complex than anything U.S. Special Operations forces have ever attempted, military experts told CBS News.
Eric Fernando Gutierrez Molina, 32, a U.S. citizen and North Texas resident, went missing Saturday evening after a night out with a fellow flight attendant.
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Iran has a stranglehold on the Strait of Hormuz, and as pressure mounts, it's threatened to target another vital Middle East shipping lane, the Bab el-Mandeb Strait.
Rockstar Billy Idol spoke to Anthony Mason about how he broke into music, why he says he's lucky to be alive and what it's like to be a grandparent.
The finale of the FX series "Love Story" aired Thursday and has captivated audiences as it follows the romance between John F. Kennedy. Jr. and Carolyn Bessette Kennedy. The limited series focuses on well-documented moments in the couple's lives, but fills in the rest with fiction. It has also received some backlash. Adriana Diaz reports.
Savannah Guthrie is speaking out about her mom's disappearance as she prepares to return to the "Today" show. CBS News' Jonathan Vigliotti reports.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
As AI use rises, many see it decreasing the number of jobs available.
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 the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
The man suspected in the murder of Loyola University freshman Sheridan Gorman had his detention hearing on Friday. CBS News reporter Ash-har Quraishi has the details.
A federal judge is hearing arguments on the Fulton County case involving alleged voting irregularities during the 2020 election. CBS News' Skyler Henry reports.
A federal judge ruled against former Venezuelan President Nicolás Maduro's request to have charges against him dismissed. CBS News' Lilia Luciano reports.
Police said a Secret Service agent assigned to Jill Biden accidentally shot and injured himself at Philadelphia International Airport.
On Aug. 23, 1990, Cheryl Henry, 22, and her boyfriend Andy Atkinson, 21, were found dead in what has been called the "Lover's Lane Murders."
The countdown is on for NASA's return to the moon. CBS News senior national correspondent Mark Strassmann reports on the upcoming Artemis II launch from the Kennedy Space Center in Cape Canaveral, Florida.
The comet originated in the outer solar system and visits the inner solar system every 5.4 years.
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
"Today" show host Savannah Guthrie is planning to return to the air in early April, days after an emotional interview revealed new details about the crime scene. CBS News' Anna Schecter discusses the case.
A body believed to be the missing American Airlines flight attendant, Eric Fernado Gutierrez Molina, has been found in Colombia. Gutierrez Molina disappeared on Sunday during a night out with colleagues during a layover. CBS News correspondent Cristian Benavides has more.
The countdown is on for NASA's return to the moon. CBS News senior national correspondent Mark Strassmann reports on the upcoming Artemis II launch from the Kennedy Space Center in Cape Canaveral, Florida.
The Dow Jones dropped more than 700 points on Friday, while the S&P 500 posted its fifth straight weekly drop. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to discuss.
Close calls between planes and helicopters have continued a year after the deadly midair collision near Washington Reagan National Airport. 60 Minutes investigates. Sunday.