Layoffs soar to highest level since 2020, led by Musk's DOGE cuts
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.
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Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.
Layoffs spiked in February, led by the Department of Government Efficiency cuts. Employers cut about 172,000 jobs last month, according to the firm Challenger, Gray and Christmas. That's the highest number of layoffs per month since the height of the pandemic in July 2020. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
President Trump has often been able to defy political gravity. Will that be true when it comes to the economy? John Dickerson gives his take.
Mexico said it will announce retaliatory measures to President Trump's tariffs this Sunday. The U.S. imposed 25% tariffs on both Mexico and Canada on Tuesday, with the exception of the auto manufacturing industry for one month. Jon Barela, CEO of the Borderplex Alliance, an independent economic development and policy advocacy organization, joins "The Daily Report" to discuss the impact on the borderlands region.
The head of the Canadian province of Ontario is threatening to cut off electricity exports to the U.S. CBS News correspondent Shanelle Kaul spoke with Premier Doug Ford on Wednesday.
China's assembled delegates don't care to discuss President Trump's escalating trade war, but the underlying message from Beijing is one of confidence.
In his address to Congress on Tuesday night, President Trump outlined his vision for reducing inflation and boosting the American economy. The president made his case for tariffs on U.S. allies, expanding oil drilling, shrinking the federal workforce and more.
A brewing trade war is bound to have a ripple effect beyond just the stock market. Kelly O'Grady explains.
The economy helped put President Trump back in the White House, and it will be a pillar of his speech to Congress. He is expected to talk about lowering prices for Americans, even as his tariffs threaten to raise them. Caitlin Huey-Burns went to York, Pennsylvania, to see how residents are rating Trump's handling of the economy so far. Then, Kelly O'Grady explains when Americans might start to feel the effects of Trump's tariffs.
The U.S.'s trade partnership with Canada has long been a key driving force for several border states' economies. Canada imposed a retaliatory tariff on U.S. goods on Tuesday. CBS News national correspondent Lana Zak reports. Asa McKercher, the Hudson Chair of Canada-U.S. relations at St. Francis Xavier University, joins "The Daily Report" to discuss the impact.
In a social media post, President Trump says he will "tell it like it is" in Tuesday's address to Congress. CBS News' Ed O'Keefe and Fin Gómez, and political strategists Chuck Rocha and Matt Gorman, join to discuss what to expect from Trump's speech.
Canada slapped a 25% retaliatory tariff on $155 billion worth of American goods on Tuesday after the Trump administration implemented its own 25% tariffs on nearly all imports from Mexico and Canada. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the impact.
A new CBS News poll examines what Americans want to hear President Trump discuss in his address to Congress on Tuesday night. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
President Trump will speak to both chambers of Congress on Tuesday night and describe his vision for the future hours after sweeping tariffs went into effect against the U.S.' three largest trading partners. CBS News' Caitlin Huey-Burns and Weijia Jiang report. Then, NOTUS reporters Jasmine Wright and Daniella Diaz join with analysis.
President Trump's plan to impose 25% tariffs on nearly all goods imported from Canada and Mexico is set to take effect Tuesday. The president also plans to impose an additional 10% tariff on Chinese imports. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The U.S. will impose 25% tariffs on imports from Canada and Mexico starting Tuesday. Tariffs on goods from China will increase from 10% to 20%. Kelly O'Grady, CBS News MoneyWatch correspondent, and Sarah McGregor, managing editor for Bloomberg News' national desk, join "America Decides" with analysis.
Several former federal workers fired as a result of the Trump administration's widespread DOGE cuts are expected to attend the president's congressional address Tuesday night at the invitation of Democrats. New reporting from the American Communities Project looks into just how far-reaching these mass layoffs are. The Project's director and founder Dante Chinni joins "America Decides" to unpack the findings.
Investors wary of President Trump's plan to add tariffs of 25% on imports from Mexico and Canada, as well as a negative GDP forecast.
Ukraine also brings divisions; Trump's immigration efforts rate well, but many look for more inflation focus.
A grassroots effort is asking American consumers to refrain from making purchases at major retailers for one day in February.
Coffee bean prices have jumped nearly 20% since the beginning of the year after severe drought and flooding over past two years in Brazil and Vietnam have crippled bean production. Kelly O'Grady reports.
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
An economic blackout has been planned for Friday. The movement calls on consumers to avoid all unnecessary spending, especially at major retailers. The boycott aims to call attention to higher costs on everything from food to housing. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Washington Post owner Jeff Bezos is implementing major changes to the outlet's opinion page, adjusting what columnists can and cannot write about. CBS News legal contributor Jessica Levinson breaks down any legal red flags and whether it could set a precedent for other legacy media outlets.
Heavy snow, ice and brutal cold are expected to make this winter storm a potentially life-threatening weather event, stretching across two-thirds of the U.S.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
The 5-year-old immigrant boy taken into ICE custody alongside his father in Minnesota has an active immigration case and cannot be legally deported yet, records reviewed by CBS News indicate.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
Ryan Wedding, a 44-year-old Canadian national, was added to the FBI's Ten Most Wanted Fugitives list last year.
Hundreds of businesses in the Twin Cities were closed Friday to protest the presence of federal immigration agents in Minnesota, as thousands of demonstrators took to the streets of downtown Minneapolis in a show of solidarity.
An investigation is underway after a driver crashed a vehicle into the McNamara Terminal at Detroit Metro Airport.
A winter storm is forecast to dump up to 24 inches of snow in some places this weekend, and many are wondering: How much snow are we actually getting?
When a 55-year-old woman lost her job and got evicted, she took up residence at the only place she felt she owned, her husband's grave.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
The National Transportation Safety Board announced it has opened an investigation into Waymo robotaxis following a series of incidents in Austin involving school buses filled with children.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
President Trump cited a major winter storm as evidence to suggest that global warming does not exist — a misleading claim that has been consistently debunked by climate experts.
Only one in four Americans has a credit score above 800, which is considered exceptional, according to industry data.
Facing pressure from President Trump, credit card issuers are exploring ways to ease borrowing costs.
Federal safety regulators warn that home heating equipment can spark fires or emit carbon monoxide. Here's what to know.
Cold weather can reduce the efficiency of electric vehicles, shortening their driving range. These tips can help.
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
Jeffrey Epstein's lawyer, accountant and billionaire benefactor were issued subpoenas to testify before the committee in February and March.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
The 5-year-old immigrant boy taken into ICE custody alongside his father in Minnesota has an active immigration case and cannot be legally deported yet, records reviewed by CBS News indicate.
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
President Trump indicated he's watching the Iranian regime's response to massive protests that began late last month.
Russia's relentless strikes leave families in Kyiv without heat and power, and keep schools closed for at least a month.
European veterans, families of the fallen, and politicians are voicing outrage over Trump's claim NATO allies stayed behind the front lines in Afghanistan.
Benoit Bourguet, 47, was competing in a rowing race from Spain to Antigua when large waves capsized his single-man vessel.
Madison Beer says music has always been her escape since she started writing songs at just 6 years old. But the 26-year-old has had to navigate ups and downs in her journey to stardom. Anthony Mason reports.
"Sinners" set an all-time record for the most Oscar nominations with 16, including for best picture. Not far behind is "One Battle After Another" with 13 nominations. Meanwhile, "Wicked: For Good" received zero nominations, even in categories where the first "Wicked" movie won just last year.
Sales of tickets to NHL games jumped more than 20% after the hit HBO show debuted in the fall, according to ticket vendor.
Jessica Williams joins "CBS Mornings" to discuss the upcoming season of "Shrinking," which follows a therapist as he navigates life after the loss of his wife. She talks about her character, how her own mental health helps shape the role, and working with Michael J. Fox and Harrison Ford.
The nominees for the 98th Academy Awards have been revealed. Fandango and Rotten Tomatoes correspondent Erik Davis breaks down the major Oscar categories.
Microsoft services were down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
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.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Trump administration officials are denying accounts from witnesses who say they saw what occurred during a Minnesota ICE raid where a 5-year-old boy and his father were detained.
At a pretrial hearing on Friday, a judge set the date for jury selection in the case of Luigi Mangione, who is accused of killing UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was in the courtroom and has the details.
CBS News has obtained video of the moment FBI agents escorted former Olympic snowboarder and accused drug kingpin Ryan Wedding off a plane in California. CBS News' Anna Schecter has the details.
Five-year-old Liam Ramos is now being held at an ICE detention facility in Texas, CBS News' Camilo Montoya-Galvez reports. Here's what we know about the case.
Ryan Wedding, the former Olympic snowboarder who allegedly became a drug kingpin and is accused of orchestrating multiple murders, has been arrested, FBI Director Kash Patel announced on Friday. CBS News' Anna Shecter reports.
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
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.
When a 55-year-old woman lost her job and got evicted, she took up residence at the only place she felt she owned, her husband's grave. Then, an "angel" came to her rescue. Steve Hartman has the story "On the Road."
Federal regulators have opened an investigation into Waymo robotaxis after a series of incidents involving school buses filled with kids. Kris Van Cleave has details.
A series of informational signs about slavery was removed from the President's House in Old City Philadelphia, prompting Philadelphia officials to file a lawsuit against the federal government. Elaine Quijano has more.
European military veterans, families of the fallen and politicians have voiced outrage after President Trump claimed the U.S. had "never needed" its NATO allies, and that allied troops had stayed "a little off the front lines" during the 20-year war in Afghanistan. Nancy Cordes has the latest.
Thousands braved subfreezing temperatures in the Twin Cities to protest ICE operations. It comes as Minnesota Attorney General Keith Ellison calls "Operation Metro Surge" a political tactic meant to punish Minnesotan leaders. Nicole Sganga reports.