U.S. factory activity picks up after five-month lull
New orders and an increase in hiring propels growth in manufacturing activity in May
Economy
U.S. consumer sentiment drops in May
Reading from University of Michigan is the lowest since November, with all ages and income levels gloomier than prior month
Despite cheery forecasts, economy still sputtering
The U.S. economic recovery may be more wobbly than it looks, some forecasters say
Yellen: Jobs market better, but "not there yet"
The chair of the Federal Reserve says U.S. economy is still on the mend from the Great Recession
China stocks hit 7-year high, Europe muted ahead of Fed
U.S. stocks were poised to open higher, with Dow futures up 0.1 percent; broader S&P 500 futures edged less than 0.1 percent higher
Home construction surges to fastest pace since 2007
Residential building indicates U.S. economy moving beyond its weather-plagued issues to pre-winter trends.
The case for stronger first-quarter growth
A new analysis argues that problems with how data gets seasonally adjusted could be leading to incorrectly low readings
Where the signs are pointing to higher rates
Regardless of when the Fed finally moves, bond traders are boosting long-term rates -- and will likely keep doing so
Republicans make their own pitch on free trade
As Obama pushes a controversial trade deal, Republicans appeal for a bill that would "fast-track" such negotiations
Economy looks better on Wall Street than Main Street
Although the U.S. job market is improving, some fear the pace of economic growth is already tapering off
Obama: Fellow Democrats "whoopin" on my free trade push
President says critics of the Trans-Pacific Partnership, including many in his own party, don't know what they're talking about
Nepal earthquake rocks its economy
In the poor nation with little insurance coverage, damages from the devastating April quake could exceed 25 percent of GDP
Poll: Views on economy, ISIS more negative
CBS News/New York Times poll finds lower percentage of Americans that rate the economy as good, and Americans think fight against ISIS is going badly
Obama eyes big change to rules on overtime pay
Retail and food service employees could see big boost in overtime pay
Construction spending drops 0.6 percent in March
Commerce Department reports rise in nonresidential building offset by decline in home building and government projects
Why all eyes are on the April jobs report
After the worse-than-expected first-quarter GDP, economists say next week's payrolls number will be telling
Jobs program for people trapped in unemployment
The chances of finding a job are grim for the nearly four million long term unemployed in the U.S., but Joe Carbone is looking to change that in his Connecticut town. Scott Pelley reports.
Trapped in Unemployment
The chances of finding a job are grim for the four million long-term unemployed in the U.S., but Joe Carbone is looking to change that in his Connecticut town. Scott Pelley reports.
U.S. businesses say second quarter looks promising
A survey of a broad cross-section of companies finds more saying sales, hiring and pay are likely to bounce back soon
U.S. economy still struggling to gain traction
But most parts of the country are growing at a moderate pace, according to the Central Bank
China stimulus hopes give most world markets a lift
On Wall Street, futures for the Standard & Poor's 500 and Down were both down 0.1 percent
Fed minutes: Officials split on rate-hike timing
U.S. central bankers were nearly unanimous in agreeing on change in 'patient' wording
Largest chunk of U.S. economy holding up, data show
The services sector continues to expand, which is particularly good news after recent dreary reports on the U.S. economy
Lousy jobs report is good news for hourly workers
Americans who aren't reaping profits from Wall Street or rental properties are about to turn the corner, one economist says
U.S. stocks rise as investors anticipate jobs report
Wall Street applauds an unexpected decline in weekly jobless claims a day before a monthly report is released
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
How Trump's memo of understanding with Iran compares to Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
Ukraine drone strike hits major Russian oil refinery near Moscow
Ukraine's Zelenskyy says after second major strike on Russian oil refinery that unless Putin stops his war, "Moscow will burn."
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.
Tornadoes reported in Illinois, Iowa as severe weather roils Midwest
Confirmed tornadoes were reported in Illinois and Iowa Wednesday as severe weather brought the risk of thunderstorms and prompted a flurry of tornado warnings for a large swath of the Midwest.
Oklahoma pastor drops out of House race after texting scandal
Jackson Lahmeyer had been backed by President Trump, although the president dropped his endorsement shortly before Lahmeyer dropped out.
Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
1,200-year-old Robin Hood oak tree in Sherwood Forest has died, group says
A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death.
U.S.
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Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Live
Live Updates: Knicks celebrate championship win with parade in NYC
The New York Knicks are being honored with a ticker-tape parade at 10 a.m. Thursday through the Canyon of Heroes in Lower Manhattan.
Tornadoes tear through Illinois, Iowa as severe weather roils Midwest
Confirmed tornadoes were reported in Illinois and Iowa Wednesday as severe weather brought the risk of thunderstorms and prompted a flurry of tornado warnings for a large swath of the Midwest.
Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
MoneyWatch
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Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
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.
Politics
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Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
How Trump's memo of understanding with Iran compares to the Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
Oklahoma pastor drops out of House race after texting scandal
Jackson Lahmeyer had been backed by President Trump, although the president dropped his endorsement shortly before Lahmeyer dropped out.
HealthWatch
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HealthWatch
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
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.
World
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Ukraine drone strike hits major Russian oil refinery near Moscow
Ukraine's Zelenskyy says after second major strike on Russian oil refinery that unless Putin stops his war, "Moscow will burn."
1,200-year-old Robin Hood oak tree in Sherwood Forest has died, group says
A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death.
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
How mistrust and war are fueling a deadly Ebola outbreak
Efforts to stop Central Africa's deadly Ebola outbreak face widespread mistrust and porous borders in a war zone.
Entertainment
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Entertainment
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Extended interview: Myles Smith
British singer-songwriter Myles Smith talks to Anthony Mason about his much-anticipated debut album, "My Mess, My Heart, My Life," growing up in London, his rapid rise to stardom and more.
CBS to host "The Great American Block Party 250" special on July 4
CBS will host a primetime special celebrating America's 250th birthday on Saturday, July 4, with exclusive performances and the largest fireworks show in history.
CBS to host America 250 special on July 4
"CBS Evening News" anchor Tony Dokoupil and "Entertainment Tonight" co-host Nischelle Turner will host "The Great American Block Party 250," a primetime special on July 4 celebrating America's 250th birthday from Washington, D.C.
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.
Technology
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Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Australia's social media ban, 6 months later
Six months after Australia implemented the world's first-ever social media ban for kids under 16, South Australia Premier Peter Malinauskas joins "The Daily Report" to discuss the changes he's seen among teens.
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 pulls access to new AI models
Anthropic pulled access to its newly released AI models, Mythos 5 and Fable 5, after the U.S. government restricted who could use them. David Katzmaier, CNET editor-in-chief, joins CBS News to discuss.
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.
Science
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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
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Crime
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Gilgo Beach serial killer sentenced
In a Long Island courtroom Wednesday, Rex Heuermann received three life sentences for choking and dismembering eight women, most of them in his basement, over the course of more than 15 years. The 62-year-old addressed the court before he was sent away. Tom Hanson reports.
Inside Gilgo Beach killer's sentencing hearing
A judge on Wednesday sentenced Gilgo Beach serial killer Rex Heuermann to life in prison without parole. CBS News New York's Jennifer McLogan was in the courtroom and joins with details.
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.
Space
More Space
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.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
More Americans are worrying about retirement
Working and retired Americans are much less confident in their financial ability to maintain a comfortable retirement compared to a year ago, according to a new survey from the Employee Benefit Research Institute. CBS News business analyst Jill Schlesinger has more context.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Warsh on reasons for interest rate decision
Federal Reserve Chair Kevin Warsh announced no change to interest rates at his first meeting. This comes as uncertainty remains on the Iran war, which has economically slammed the U.S. and other nations. Business Insider's Akin Oyedele has more.
Cluster of tornadoes rip through Illinois
Violent tornadoes ripped through central Illinois on Wednesday, leaving behind swaths of destruction. One man described how he shielded himself and his family from the storms. Rob Marciano reports.
Tropical Storm Arthur floods parts of Texas
Severe weather slammed parts of the Midwest and the South. Tropical Storm Arthur flooded parts of Texas and Louisiana. CBS News' Jason Allen reports.