Fed's Powell says coronavirus downturn could do severe economic harm
Federal Reserve chair says the risk to small businesses from the pandemic is acute.
Economy
Transcript: Robert Kaplan on "Face the Nation"
The following is a transcript of an interview with Dallas Federal Reserve Bank President Robert Kaplan that aired Sunday, June 14, 2020, on "Face the Nation."
In Sonoma County, a hint at the rebound prospects for U.S. business
Northern California community exemplifies the complexity of reopening for business while COVID-19 stalks the land.
San Antonio’s reopening from coronavirus
States across the country are reopening businesses after months of lockdown due to the coronavirus pandemic. San Antonio, with the rest of Texas, began reopening in May and could provide a snapshot of what's to come for other American cities. Scott Pelley reports.
Fed says 15 million Americans will remain jobless by year-end
Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.
Business bankruptcies surge in the coronavirus recession
Economic crash is forcing a growing number of companies to file for Chapter 11, including major consumer brands.
It's official: U.S. recession began in February
The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn.
What's really behind the startling dip in U.S. unemployment?
Although the job market has likely touched bottom, how fast it breaks for the surface is anyone's guess.
San Antonio businesses reopening from coronavirus
States across the country are reopening businesses after months of lockdown due to the coronavirus pandemic. San Antonio, with the rest of Texas, began reopening in May and could provide a snapshot of what's to come for other American cities.
Analyst breaks down May jobs report
The U.S. economy added 2.5 million jobs in May, stunning experts who anticipated losses on the scale of the Great Depression. Jill Schlesinger joins "CBS This Morning: Saturday" to discuss the new 13.3% unemployment rate and the outlook for Americans and the country as it recovers from the coronavirus pandemic.
Unemployed African Americans feel virus' impact
The good news on the unemployment rate wasn't felt by all Americans. For black workers, the rate continued to rise in May. Mark Strassmann reports.
Trump touts economic progress
President Trump is touting economic progress after new numbers show the unemployment rate declined to 13.3% in May. CBS News White House correspondent Weijia Jiang joins CBSN to talk about the latest.
Nearly one in five say coronavirus has caused financial hardship
Lower-income Americans are more likely to feel hardship, according to latest CBS News poll.
Dallas bishop warns of "dangerous time" as U.S. faces 3 crises
Jakes urged people to be "vigilant" amid the health, economic and sociological crises.
With virus crisis abating, Europe looks to get back to open borders
Italy, keen to see tourists return, drops quarantine order for travelers from most of Europe as Germany prepares to ease advice against travel.
Coronavirus pandemic could haunt economy until 2029, CBO says
Economic shock could last longer than initially forecast unless Congress intervenes, the nonpartisan agency said.
Americans see differences in police treatment of whites, blacks
Trump tweets are seen as divisive by Americans, according to latest CBS News poll.
Poll: Americans worry COVID outbreak will worsen amid reopening
Americans continue to say the virus is having a disproportionate impact among minority communities.
New York City to begin reopening in June
A new study says more than two million New York residents may have been infected with the coronavirus by the end of March, far more than previously reported. New York City, which has been the epicenter of the virus, is expected to start the first phase of reopening next week. Tom Hanson reports on what New York's reopening is expected to look like, as well as reopenings around the country.
Fed chief: Virus hurting "those least able to bear its burdens"
Inequality is deepening the economic impact of COVID-19 on American workers, U.S. central bank chairman said.
Consumer spending plunges as Americans hoard cash
Record-busting drop in consumer spending last month in the U.S. is equivalent to the yearly economic output of Russia.
Moderna execs made millions on vaccine announcement
Moderna's CEO and other executives made millions selling stock after the company's COVID-19 vaccine announcement. CBS News MoneyWatch senior reporter Stephen Gandel joins CBSN's Tanya Rivero with the latest.
U.S. unemployment applications rise again
Another 2.1 million Americans applied for unemployment benefits last week, although job losses are starting to slow. CBS News business analyst Jill Schlesinger explains what the numbers mean.
Women bear the brunt of COVID economic hardships
"Face the Nation" moderator Margaret Brennan sat down with Dr. Nicole Mason, president and CEO of the Institute for Women’s Policy Research, to find out why women have been disproportionately impacted by job losses over the last few months
SpaceX takes over small community in Texas
SpaceX broke ground on a facility in Boca Chica, Texas, in 2014. While the move has brought some economic development to the area, there's also been some concerns from residents who say SpaceX is tearing their town apart. Freelance journalist Rachel Monroe joins CBSN to discuss what it’s like living in the shadow of the aerospace company.
Live
Trump says Iran war could wrap up in 2-3 weeks as gas prices rise
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushes U.S. gas prices over $4.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
Jamie Dimon says AI could help shorten work week, cure cancer
JPMorgan CEO Jamie Dimon thinks AI will shorten the work week and lead to medical breakthroughs, while acknowledging the technology's potential impact on the nation's workforce.
Trump to give "important update on Iran" Wednesday in prime-time speech
President Trump is planning to deliver a prime-time address Wednesday night to "provide an important update on Iran," the White House said, as the president faces critical decisions in the monthlong war.
American journalist Shelly Kittleson kidnapped in Iraq
American journalist Shelly Kittleson was kidnapped in Baghdad on Tuesday, according to two sources familiar with the matter as well as an Iraqi official.
Trump to attend Supreme Court arguments tomorrow in birthright citizenship case
President Trump is planning to stop by the Supreme Court on Wednesday as the justices take up his executive order seeking to end birthright citizenship, a major test of his immigration agenda.
Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Tiger Woods says he's "stepping away" to seek treatment after car crash
Tiger Woods announced Tuesday that he's "stepping away for a period of time to seek treatment" after pleading not guilty to charges including driving under the influence.
U.S.
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Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Tiger Woods says he's "stepping away" to seek treatment after car crash
Tiger Woods announced Tuesday that he's "stepping away for a period of time to seek treatment" after pleading not guilty to charges including driving under the influence.
Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
MoneyWatch
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Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Jamie Dimon says AI could help shorten work week, cure cancer
JPMorgan CEO Jamie Dimon thinks AI will shorten the work week and lead to medical breakthroughs, while acknowledging the technology's potential impact on the nation's workforce.
Americans saving less for retirement — that's a "warning sign," experts say.
Full-time employees cut their 401(k) participation and contribution rates last year amid an affordability crunch, new research shows.
Jamie Dimon: I don't know if Iran war will be "tipping point" for recession
Jamie Dimon told "CBS Evening News" anchor Tony Dokoupil that "what's more important for the future of the world is that this war successfully conclude."
Politics
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Trump to attend Supreme Court arguments tomorrow in birthright citizenship case
President Trump is planning to stop by the Supreme Court on Wednesday as the justices take up his executive order seeking to end birthright citizenship, a major test of his immigration agenda.
Judge orders Trump admin. to restore legal status of migrants allowed in under Biden
A federal judge directed the Trump administration to restore the legal status of migrants allowed into the U.S. under a now-defunct Biden administration program for asylum-seekers who arrived at the southern border.
Trump to give "important update on Iran" Wednesday in prime-time speech
President Trump is planning to deliver a prime-time address Wednesday night to "provide an important update on Iran," the White House said, as the president faces critical decisions in the monthlong war.
Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
HealthWatch
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States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
What to know about the "wild, wild West" of viral peptide claims
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.
CDC's acting chief promises a return to stability in a tumultuous moment
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.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
World
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American journalist Shelly Kittleson kidnapped in Iraq
American journalist Shelly Kittleson was kidnapped in Baghdad on Tuesday, according to two sources familiar with the matter as well as an Iraqi official.
Iran war's impact is spreading beyond oil, hitting helium and aluminum
Shortages of helium, a byproduct of natural gas processing, could create problems for semiconductor and medical equipment manufacturers.
Hegseth slated for House testimony amid Iran war pressure, sources say
Defense Secretary Pete Hegseth is tentatively expected to testify publicly before the House Armed Services Committee on April 29, according to two sources familiar with the plans.
Police find drug-smuggling tunnel with rail system and cranes in Spain
Police said two people headed the network, including one person considered to be the "narco-architect" and "mastermind of the tunnels."
Premature babies who escaped Gaza war finally reunited with families
Palestinian parents separated from their premature newborns by the war in Gaza finally get to meet their children for the first time.
Entertainment
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Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone talks new season of "Euphoria"
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Barbie Dream Fest disappoints some attendees
A Barbie Dream Fest event in Fort Lauderdale, Florida, generated backlash from attendees over its allegedly underwhelming experience. Jessica Nova, who drove in from Atlanta for the occasion, joins CBS News to recount her experience.
Technology
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Technology
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
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.
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
Judge blocks Pentagon's Anthropic risk label
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
Science
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Snowy owl, cheetah among 40 species granted international protection
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
Everything to know about NASA's moon mission launching this week
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
What to know about the "wild, wild West" of viral peptide claims
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.
Crime
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Crime
Defense in Kirk case questions bullet analysis
Lawyers for the man accused of killing Charlie Kirk are asking to delay a preliminary hearing set for May, arguing the defense team needs time to review ATF analysis they contend "could not" connect a bullet fragment recovered during Kirk's autopsy with the rifle found near the scene of the crime. CBS News legal contributor Jessica Levinson joins to unpack the development.
New details on Tiger Woods arrest report
Tiger Woods had bloodshot eyes, was "sweating profusely" and had "extremely dilated" pupils after a rollover car crash last week, an arrest report shows. CBS News' Shanelle Kaul has the details.
Police find drug-smuggling tunnel with rail system and cranes in Spain
Police said two people headed the network, including one person considered to be the "narco-architect" and "mastermind of the tunnels."
Questions about bullet used to kill Charlie Kirk
Lawyers for Tyler Robinson, the man charged with killing conservative activist Charlie Kirk, are looking to review an analysis that couldn't conclusively connect a bullet fragment recovered during an autopsy to the rifle found near the scene. CBS News' Carter Evans reports.
Lawyers for Kirk suspect ask to delay hearing
A new court filing reveals defense attorneys for Tyler Robinson, the man accused of killing Charlie Kirk, claim an ATF analysis could not conclusively connect the bullet that killed Kirk to the gun Robinson allegedly used. Now the lawyers are asking to delay Robinson's preliminary hearing to review the evidence. Carter Evans reports.
Space
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Space
Is Artemis II launch part of a space race?
NASA is preparing for the scheduled launch of the first crewed mission around the moon in over 50 years. If the Artemis II rocket takes off on Wednesday as planned, the three-man, one-woman crew will travel further from the Earth than any humans before. Bloomberg space reporter Loren Grush has more from the Kennedy Space Center.
From 2016: Astronaut Scott Kelly returns to Earth
On March 2, 2016, NASA astronaut Scott Kelly touched down on Earth after spending 340 days aboard the International Space Station, then the longest spaceflight ever by an American, as part of a mission to study the health impacts of extended space travel. Watch CBS News' coverage of Kelly's return.
Smooth countdown continues for Artemis II moon mission
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
NASA head Jared Isaacman on Artemis II launch
NASA is poised to launch a historic spaceflight around the moon on Wednesday. CBS News senior national correspondent Mark Strassman spoke with NASA administrator Jared Isaacman about the Artemis II mission.
Artemis II moon mission countdown underway
NASA is just a day away from the planned launch of the Artemis II mission around the moon. CBS News senior national correspondent Mark Strassmann has more.
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
Previewing NASA's Artemis II launch
NASA is planning to launch its first crewed mission in over 50 years with its Artemis II flight on Wednesday from Florida's Kennedy Space Center.
Extended interview: Jamie Dimon
JPMorgan Chase CEO Jamie Dimon speaks with "CBS Evening News" anchor Tony Dokoupil about the advancement of artificial intelligence, the war in Iran's effect on the U.S. economy, prediction markets and more.
Boy born with rare defect gets heart transplant
Born with a rare heart defect, Wyatt Lopez was about a year old when he checked into the hospital. It took almost a whole year before he checked back out -- with a tuxedo, a little parade and a brand new heart. Tony Dokoupil has the story.
Jamie Dimon acknowledges struggles across society
The head of JPMorgan Chase is acknowledging that the American dream is slipping out of reach for many. Jamie Dimon spoke to Tony Dokoupil, saying he's on a crusade to change that.
NASA readies Artemis II for historic moon mission
The countdown to launch of the Artemis II mission, NASA's first piloted moonshot in half a century, proceeded smoothly as engineers and technicians prepared the agency's giant Space Launch System rocket and Orion crew capsule for fueling and blastoff. Mark Strassmann has more.