Stocks dive as recession fears mount
Stocks plummeted Friday, driven in part by inflation worries, the direction of the U.S. economy and concerns about another short-term interest rate hike. Michael George has more.
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Stocks plummeted Friday, driven in part by inflation worries, the direction of the U.S. economy and concerns about another short-term interest rate hike. Michael George has more.
Gas prices are once again rising, with the national average now around $4.14 per gallon. Democrats are proposing new legislation to give the Federal Trade Commission increased authority to crack down on price gouging. CBS News chief White House correspondent Nancy Cordes joins "CBS News Mornings" to discuss.
The U.S. economy shrank in the first quarter of 2022, but American consumers and businesses kept spending despite high inflation and rising costs. Steve Odland, president and CEO of The Conference Board, joined CBS News to discuss the latest GDP data and its impact on consumers.
Many retirees are struggling amid inflation. Rising prices are forcing some to reenter the workforce. Mark Strassmann has more.
Missed the second half of the show? The latest on vaccines for children with Dr. Scott Gottlieb, Democratic Sen. Elizabeth Warren of Massachusetts discusses actions Democrats need to take to win the midterms, leaked audio from House GOP Leader Kevin McCarthy, and inflation in Europe with president of the European Central Bank Christine Lagarde.
This week on “Face the Nation with Margaret Brennan,” we’ll have the latest on U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin’s visit to war-torn Ukraine and a Sunday exclusive interview with Ukrainian Prime Minister Denys Shmyhal. Plus, we check in with former FDA Commissioner Dr. Scott Gottlieb on the long-awaited COVID vaccine for America’s youngest.
Christine Lagarde, the president of the European Central Bank, says half of Europe's growing inflation is related to energy prices, which have "dramatically increased" due to the war in Ukraine.
U.S. to send $800 million more in aid to Ukraine; U.S. jobless claims hit 52-year low
Ukrainian Prime Minister Denys Shmyhal, Senator Elizabeth Warren and more appear on "Face the Nation with Margaret Brennan" this Sunday.
President Biden spoke about the U.S. economy and infrastructure during a trip to New Hampshire on Tuesday. CBS News senior White House and political correspondent Ed O'Keefe joins CBS News' Tanya Rivero and Nancy Chen with the highlights.
This week on "Face the Nation," with Russian forces moving forward with a brutal assault on Eastern Ukraine, we talk to White House national security adviser Jake Sullivan about what more the U.S. can do to help. Then, a conversation with former FDA Commissioner Scott Gottlieb about a possible spring COVID surge.
This holiday week on "Face the Nation with Margaret Brennan," we talk to Ukrainian Foreign Minister Dmytro Kuleba after Russia responded to the loss of a key battleship with a powerful barrage of missiles. Plus, a conversation with Sen. Chris Coons about his fight to get more global COVID aid included in a relief bill that's stalled in Congress.
Missed the second half of the show? The latest on the global COVID relief efforts from Democratic Sen. Chris Coons of Delaware, Russia uses hunger as a weapon of war against Ukraine, and executive director of the Catholic Charities of Rio Grande Valley, Sister Norma Pimental, encourages Biden to visit the U.S.- Mexico border.
CBS News' Mark Strassmann takes a closer look at how inflation, which reached another four-decade high of 8.5% in March, is impacting businesses and families across the country.
Brooklyn subway shooting suspect held without bail; Jobless claims rise after hitting 54-year low
Amid rising mortgage rates and surging housing prices, one company is betting that 3D printing homes is a solution to the affordable housing crisis. Nancy Chen takes a look.
The U.S. Labor Department's latest Consumer Price Index shows prices have jumped 8.5% over the past year, the biggest spike since December 1981. Michael Pond, head of inflation research at Barclays, spoke with CBS News' Anne-Marie Green and Vladimir Duthiers about what that means for your bottom line.
The cost of eggs is skyrocketing, thanks to several factors. Omar Villafranca reports.
Despite a strong job market, the rising costs of food, gas and rent have Americans concerned, and it's taking a toll on President Biden's approval rating. CBS News Washington reporter Caitlin Huey-Burns joins Tanya Rivero to discuss the possible impact on this year's midterm elections.
Rising prices force cutbacks, and economy continues to take a toll on President Biden's numbers.
Missed the second half of the show? The latest on new COVID-19 cases in the U.S., Cleveland Fed chief discusses inflation, and former Homeland Security Secretary Jeh Johnson on the preparation for an influx of migrants at the southern border to the U.S..
Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, says she expects inflation to ease into next year, but remain above 2%.
This week on "Face the Nation," with Russian forces moving forward with a brutal assault on Eastern Ukraine, we talk to White House national security adviser Jake Sullivan about what more the U.S. can do to help. Then, a conversation with former FDA Commissioner Scott Gottlieb about a possible spring COVID surge.
White House National National Security Adviser Jake Sullivan, Ukrainian Ambassador to the United States Oksana Markarova and more appear on "Face the Nation with Margaret Brennan" this Sunday.
The ruble has bounced back after its initial plunge following Western sanctions. Here's why.
While the U.S. sends representatives to Islamabad, Israel's fight with Hezbollah continues despite a ceasefire.
Zamil Limon's remains were found on the Howard Franklin Bridge in Tampa. His roommate was in custody, officials said.
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
A three-judge appellate panel agreed with a lower court ruling that the Trump administration can't put aside laws allowing individuals to apply for asylum.
The Justice Department announced Friday it would readopt the death penalty protocols for lethal injection and firing squads.
The new beehive expands existing beekeeping and honey production operations at the White House.
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
A powerful tornado in Oklahoma ripped roofs off buildings, destroyed homes, knocked down utility poles and forced an Air Force base to close.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
A three-judge appellate panel agreed with a lower court ruling that the Trump administration can't put aside laws allowing individuals to apply for asylum.
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
One in five recent grads regret their college major, a ZipRecruiter report finds.
"If you haven't booked for this summer, get busy," Atmosphere Research Group Airline industry analyst Henry Harteveldt told CBS News.
Travelers could see airline fares rise and fewer flights available in the coming weeks, Chevron CEO Mike Wirth said in an interview with "Face the Nation with Margaret Brennan."
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
A three-judge appellate panel agreed with a lower court ruling that the Trump administration can't put aside laws allowing individuals to apply for asylum.
The Justice Department announced Friday it would readopt the death penalty protocols for lethal injection and firing squads.
The new beehive expands existing beekeeping and honey production operations at the White House.
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
While the U.S. sends representatives to Islamabad, Israel's fight with Hezbollah continues despite a ceasefire.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Ellen Burstyn, known for her Oscar-winning role in "Alice Doesn't Live Here Anymore," has spent seven decades in Hollywood, but she tells "CBS Mornings" that poetry has also shaped her life as she discusses her new book "Poetry Says It Better."
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"Giant," which is now on Broadway, dramatizes a real-life scandal that stained the legacy of world-famous children's author Roald Dahl. Anthony Mason spoke to John Lithgow, who stars in the play, and playwright Mark Rosenblatt.
On April 22, 2016, the U.N. held a signing ceremony for the Paris Agreement, an international treaty aimed at curbing climate change, featuring several speakers from various nations, including actor and environmental activist Leonardo DiCaprio. Watch his full speech from the event.
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
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.
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company's artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
One person died, and five others were injured after a shooting at a Louisiana mall, officials said. This comes as more details emerge about an apparent mass shooting plot at New Orleans' Jazz Fest. CBS News' Anna Schecter reports.
A U.S. special forces soldier was arrested and charged for allegedly placing bets on Polymarket with information preceding the public announcement of Nicolás Maduro's removal from Venezuela. CBS News' Nicole Sganga reports.
Zamil Limon's remains were found on the Howard Franklin Bridge in Tampa. His roommate was in custody, officials said.
U.S. Army Master Sgt. Gannon Ken Van Dyke is being investigated for allegedly betting on Venezuelan President Nicolás Maduro's removal from office before the raid was made public. CBS News' Nicole Sganga reports.
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
As prize money soars into the millions, elite racing pigeons are being targeted by what insiders call the "pigeon mafia." 60 Minutes reports, Sunday.
Pentagon officials provided details on operations in the Middle East against Iran as talks may resume in Pakistan between U.S. and Iranian officials. CBS News' Aaron MacLean and Olivia Rinaldi report.
Israel and Lebanon have extended their fragile ceasefire. CBS News' Courtney Kealy reports.
One person died, and five others were injured after a shooting at a Louisiana mall, officials said. This comes as more details emerge about an apparent mass shooting plot at New Orleans' Jazz Fest. CBS News' Anna Schecter reports.
White House press secretary Karoline Leavitt says Trump advisers Steve Witkoff and Jared Kushner are headed back to Pakistan for more talks with Iranian officials on a potential peace deal.