EU now sees a lower growth rate for 2016 and 2017
It's citing an unpredictable global outlook marked by political uncertainty and weakness in emerging markets
Economy
Evening News Online, 01.26.09
Monday: President Obama reverses two key Bush policies; Over 50,000 layoffs have been announced; Gov. Blagojevich's impeachment trial begins; And, a Shangri-La for unwanted and troubled cats.
Stocks soar to finish at highest levels of 2016
Sentiment lifted by trade data from China and better-than-expected earnings from banking powerhouse JPMorgan Chase
Retail sales shrink as consumers pull back on spending
Despite a healthier job market, Americans are counting their pennies amid feeble economic growth
Obama touts new federal rules that target corporate tax inversions
U.S. companies use this practice to move their address overseas in order to avoid paying taxes at home
Trump urges investors to shun stocks, warns of "massive" recession
GOP front-runner says the U.S. economy is headed for a major slowdown, a view at odds with most economists
U.S. manufacturing grows in March, ending 5 months of declines
Increase suggests factories are adapting to turmoil abroad, where a stronger dollar and weakening economies have hurt sales
March jobs report shows sturdy gains; wages rebound
Unemployment rate edges up to 5 percent, as more people look for work, and average hourly earnings rise after one-month drop
It's weaker profits vs. stronger consumers
The lagging corporate sector is dragging down U.S. GDP growth, and that's bad news for stocks
Will election 2016 soothe Americans' job fears?
As employment, wages and inequality fuel voters' anger, politicians seem to be mainly exploiting those sentiments
The Fed and higher rates: How soon, how often?
Investors cheered as Yellen & Co. held pat, but reality could soon disrupt market expectations of distant and slow hikes
A surprise but welcome jump in eurozone industry
Output in January climbed by the most since 2009, but some economists predict the surge isn't likely to persist
In Michigan, Clinton lays out plan to boost American jobs
Ahead of the primary on Tuesday, the Democratic candidates vie for worker support
3 things a President Trump could do to the economy
Immigrant ban, trade sanctions and budget busters prompt belated moves by financial leaders to block businessman's rise
U.S. productivity stuck in slow-growth mode
Final three months of 2015 had sharpest decline in nearly two years, though the drop not as large as first reported
Buffett: Eonomy weaker than he expected but growing
Billionaire investor says he's optimistic about country's long-term prospects and can't predict impact of negative rates
Warren Buffett wades into presidential race in annual letter
Berkshire Hathaway leader says candidates are "dead wrong" about something he says they can't stop talking about
Mixed finish for U.S. market, but second week of gains
Wall Street mostly erases rise that came with encouraging economic news in U.S. and word that China won't devalue its currency
Consumers could be giving U.S. growth a needed kick
With fourth-quarter 2015 GDP revised a bit higher and Americans spending more in January, 2016 has some new hope
U.S. consumer sentiment slips in February
Americans lost a little confidence this month amid worries that slowing economic growth will hurt the job market
Consumer spending up solid 0.5 percent in January
Americans boost expenditures at the fastest pace in eight months, while incomes increased by the most since June
Global clouds darken U.S. economic outlook
Political leaders and experts alike thought America was insulated from economic turmoil abroad -- they were wrong
Takeaways from Janet Yellen's visit to Capitol Hill
One longtime market watcher wonders: Why did lawmakers ask the Fed chair about policies they should be tackling?
John Kasich: What does he stand for?
A look at where the Ohio governor stands on education, immigration, abortion, the economy and foreign policy
Obama applauds economic progress in January jobs report
The unemployment rate has fallen below 5 percent for the first time in nearly eight years
Live
Trump says Iran deal not final, will resume bombing "if they don't behave"
President Trump warns he could order new strikes if Iran's leaders "don't behave," two days before the expected signing of a deal that remains vaguely defined.
Senate moving forward with Clayton hearing despite Trump move to delay
The Senate is moving forward with Jay Clayton's confirmation hearing on Wednesday, despite President Trump's move to delay the installation of the new intelligence chief.
Exclusive
Is Russia burning through air defense missiles at an "unsustainable rate"?
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
Victims ID'd in B-52 bomber crash that killed 8 at Edwards Air Force Base
As standard practice, the military makes public identifications 24 hours after next of kin have been notified.
Federal Reserve holds interest rates steady amid resurgent inflation
Kevin Warsh's first Fed meeting as chairman of the central bank could offer clues about the path for interest rates this year.
Tropical Storm Arthur, first Atlantic tropical cyclone of year, forms off Texas coast
Tropical Storm Arthur, the first named storm of the 2026 Atlantic hurricane season, formed Wednesday off the Gulf Coast of Texas.
Exclusive
"The most famous judge in America, for a while," on highs and lows of a Trump trial
In an exclusive interview with CBS News, retired Justice Arthur Engoron reflected on the highs and lows of the 2023 Trump civil fraud trial.
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Rex Heuermann sentenced to life in prison for Gilgo Beach serial killings
Rex Heuermann was sentenced to life in prison without the possibility of parole for the series of murders known as the Gilgo Beach serial killings.
U.S.
More U.S.
Federal Reserve holds interest rates steady amid resurgent inflation
Kevin Warsh's first Fed meeting as chairman of the central bank could offer clues about the path for interest rates this year.
The Obama Presidential Center and Library opens in Chicago
After more than a decade since it was announced, the Obama Presidential Center and Library officially opens to the public in Chicago's Jackson Park on June 19, 2026.
DOJ taps prosecutor to coordinate human trafficking, child exploitation cases
Acting Attorney General Todd Blanche appointed Alessandra Serano to serve as the Justice Department's national coordinator on human trafficking and child exploitation cases.
Victims ID'd in B-52 bomber crash that killed 8 at Edwards Air Force Base
As standard practice, the military makes public identifications 24 hours after next of kin have been notified.
Social Security faces looming benefit cuts. Can the program be saved?
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
MoneyWatch
More MoneyWatch
Federal Reserve holds interest rates steady amid resurgent inflation
Kevin Warsh's first Fed meeting as chairman of the central bank could offer clues about the path for interest rates this year.
Social Security faces looming benefit cuts. Can the program be saved?
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Yum! Brands sells struggling Pizza Hut in $2.7 billion deal
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
Politics
More Politics
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
The Obama Presidential Center and Library opens in Chicago
After more than a decade since it was announced, the Obama Presidential Center and Library officially opens to the public in Chicago's Jackson Park on June 19, 2026.
DOJ taps prosecutor to coordinate human trafficking, child exploitation cases
Acting Attorney General Todd Blanche appointed Alessandra Serano to serve as the Justice Department's national coordinator on human trafficking and child exploitation cases.
Georgia lawmakers not changing voting maps during special session
Georgia House leadership say they are holding off on redrawing Georgia's legislative maps during the special legislative session.
Senate postpones Clayton's confirmation hearing after Trump upends plans
The Senate canceled Jay Clayton's confirmation hearing on Wednesday after President Trump's move to delay the installation of the new intelligence chief.
HealthWatch
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Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
World
More World
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Exclusive
Is Russia burning through air defense missiles at an "unsustainable rate"?
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
Vance says text of U.S.-Iran deal will be released Friday "at the latest"
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
Live
Trump says Iran deal not final, will resume bombing "if they don't behave"
President Trump warns he could order new strikes if Iran's leaders "don't behave," two days before the expected signing of a deal that remains vaguely defined.
Latest U.S. strike on alleged drug boat kills 1, leaves 2 survivors, Pentagon says
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
Entertainment
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Entertainment
Durand Bernarr on new music
Durand Bernarr talks about collaborations in his music, why his new album's title is a tribute to his father and his music journey since his viral Grammy speech earlier this year.
Messi ties men's World Cup goals record with first World Cup hat trick
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
America250 announces concert headliners, host
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
A look at the adaptation of "I Will Find You"
Harlan Coben talks about casting for the Netflix adaptation of his 2023 bestselling novel "I Will Find You." The series stars Sam Worthington, who describes how fatherhood impacted him in his role and how he sees his character.
"Star Wars" lightsaber and more iconic film props going up for auction
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Technology
More Technology
Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
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.
Anthropic to meet Trump officials, Axios says
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
Science
More Science
Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
More Crime
Crime
Heuermann addresses court as he's sentenced
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
Rex Heuermann sentenced to life in prison
Rex Huermann, the man who pleaded guilty to a series of murders known as the Gilgo Beach serial killings, has been sentenced to life in prison without the possibility of parole. CBS News' Shanelle Kaul reports.
5 arrested in White House UFC attack plot
The FBI says it foiled a plot to attack Sunday's UFC event at the White House. Court records detail an alleged plot to use drones carrying explosives and snipers to target certain event attendees. CBS News' Katrina Kaufman has the latest.
Gilgo Beach serial killer to be sentenced
Rex Heuermann, the man who pleaded guilty in April to the Gilgo Beach murders, is set to be sentenced on Wednesday. Tom Hanson reports on how the case unfolded.
Luigi Mangione's lawyers will argue psychiatric defense in NYS murder trial
Luigi Mangione's lawyers will argue that he was suffering from an extreme emotional disturbance when he allegedly killed UnitedHealthcare CEO Brian Thompson.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
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
Jay Clayton confirmation hearing postponed
The Senate Intelligence Committee on Wednesday postponed Jay Clayton's confirmation hearing for director of national intelligence after President Trump said in a social media post he wouldn't appear. In the announcement, Mr. Trump made multiple demands to Congress. CBS News' Taurean Small has more.
Fed votes to leave interest rates unchanged
The Federal Reserve board voted Wednesday to leave interest rates unchanged in its first decision since Kevin Warsh took over as chair. CBS News' Kelly O'Grady has more.
Trump, Modi meet at G7 summit
President Trump met with Indian Prime Minister Narendra Modi at the G7 summit, and emphasized that the two had a "very good" conversation despite past tensions between the two nations. CBS News' Ed O'Keefe has more context.
Heuermann addresses court as he's sentenced
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
How strait blockade changed energy trade
President Trump said the Strait of Hormuz will reopen within "the next day or two." Semafor climate & energy editor Tim McDonnell explains why global energy trade will never be the same, even when the strait reopens.