Stocks rally after ceasefire announcement
Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
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Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Wall Street appeared optimistic on Wednesday about the ceasefire with Iran, but the situation is delicate. Kelly O'Grady has more.
Oil prices plunged on Wednesday after President Trump announced a 2-week ceasefire between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.
Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."
A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins "The Takeout" to discuss.
Amid the war in Iran, the nationwide average price for a gallon of regular is now $4.10. Soaring gas prices are also fueling new questions about the cost of the vehicles we drive. Ali Bauman has more from the New York Auto Show.
March was a good month for U.S. job growth, according to the latest report that blew away Wall Street expectations with 178,000 jobs added. CBS News senior business and tech correspondent Jo Ling Kent has more.
The labor market rebounded in March as U.S. employers added 178,000 jobs. Lori Bettinger, president of BancAlliance, joins CBS News to weigh in on the jobs report.
CBS News business analyst Jill Schlesinger dives into the state of the housing market and offers tips for deciding which home renovations to invest in.
JPMorgan Chase CEO Jamie Dimon sat down with CBS News' Tony Dokoupil to weigh in on the economic impacts of the Iran war, the state of the global economy and the future of AI.
The U.S. is pressing forward with its strikes against Iran as the White House pushes for Tehran to make a deal to reopen the Strait of Hormuz. CBS News' Kelly O'Grady, Eleanor Watson and Nancy Cordes report.
AAA announced Tuesday that the average U.S. gas price has topped $4 a gallon. CBS News correspondent Lana Zak reports on how the costs are impacting businesses. Then, Justin Wolfers, professor of public policy and economics at the University of Michigan, joins with analysis.
The average U.S. gas price has topped $4 a gallon for the first time since August 2022, AAA announced on Tuesday. Diesel fuel prices have also jumped significantly since the start of the war in Iran. CBS News' Lana Zak and Kelly O'Grady have the latest.
Gas prices in the U.S. on Tuesday topped $4 a gallon on average for the first time in more than three years, the latest sign of how the Iran war is driving up fuel costs for U.S. motorists. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss.
American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.
The Dow Jones dropped more than 700 points on Friday, while the S&P 500 posted its fifth straight weekly drop. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to discuss.
Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
As AI use rises, many see it decreasing the number of jobs available.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
Fed Chairman Jerome Powell used the phrase "we don't know" at least 14 times during his press conference. Investors are nervous.
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.
Oil prices edged slightly lower on Wednesday as markets reacted to news of a deal between Baghdad and Erbil that would resume oil exports out of Iraqi Kurdistan. Megan Leonhardt, a senior writer for Barron's, joins with more.
Trump voices optimism for a "very good deal" with Iran in just a few days, as a tense truce between Israel and Iran appears to hold.
Maine Democrat Graham Platner is seeking to make the nomination official to take on Republican Sen. Susan Collins in November.
The cause of an Apache helicopter crash near the Strait of Hormuz that led to the U.S. military's first-ever sea drone rescue is under investigation.
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
Federal immigration authorities barred a Somali soccer referee who was slated to officiate the FIFA World Cup from entering the U.S. over the weekend, citing "vetting concerns."
CBS News projects that incumbent Los Angeles Mayor Karen Bass will face off against Nithya Raman in November's runoff election.
U.S. District Judge Leo Sorokin ruled in favor of a group of 20 states that challenged President Trump's new $100,000 visa fee.
Stellantis is recalling almost 1.08 million Jeep Wranglers and Gladiators in the U.S. that could catch fire even when they're parked and turned off, federal regulators say.
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday.
Federal immigration authorities barred a Somali soccer referee who was slated to officiate the FIFA World Cup from entering the U.S. over the weekend, citing "vetting concerns."
"The people are there to see these two teams play," Bill Bradley said of President Trump's plan to attend Game 3 of the NBA Finals on Monday night.
Going public will allow OpenAI, valued at $852 billion, to inject more cash into its business as the AI race quickens.
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
The Pentagon has added several prominent Chinese businesses, including tech giant Alibaba, to its list of Chinese military companies, keeping them from getting U.S. defense contracts.
Stellantis is recalling almost 1.08 million Jeep Wranglers and Gladiators in the U.S. that could catch fire even when they're parked and turned off, federal regulators say.
Going public will allow OpenAI, valued at $852 billion, to inject more cash into its business as the AI race quickens.
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
The Pentagon has added several prominent Chinese businesses, including tech giant Alibaba, to its list of Chinese military companies, keeping them from getting U.S. defense contracts.
Maine Democrat Graham Platner is seeking to make the nomination official to take on Republican Sen. Susan Collins in November.
Embattled International Criminal Court chief prosecutor Karim Khan was suspended after the court's oversight body referred him for disciplinary proceedings.
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday.
CBS News projects that incumbent Los Angeles Mayor Karen Bass will face off against Nithya Raman in November's runoff election.
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
The drugs found in the lumber were mostly cocaine and ketamine, with an estimated retail value of $8.3 billion, officials said.
The cause of an Apache helicopter crash near the Strait of Hormuz that led to the U.S. military's first-ever sea drone rescue is under investigation.
The bear sightings had forced the closure of all 94 public primary and middle schools in a city just north of Tokyo.
One suspect drove a vehicle "at very high speed and recklessly, even hitting several local residents" before being stopped by authorities, officials said.
18-year-old Subhan Ahmed allegedly assisted with the torching of four ambulances used by a Jewish volunteer organization
Garry Nolan, a professor of pathology at Stanford University School of Medicine and the executive director of the board for The Sol Foundation, joins CBS News 24/7 to discuss Steven Spielberg's new movie, "Disclosure Day," and its exploration of the existence of aliens on Earth.
CBS News New York's Dave Carlin breaks down the biggest wins and performances from the 79th Tony Awards.
Oscar-winning director Steven Spielberg talks to CBS News about his 34th feature film, "Disclosure Day," which explores what would happen if all of the evidence about UFOs and alien life was released to the entire world and proved we are not alone. He also discusses his opinion on aliens, saying they "have been here and they are here."
At Broadway's biggest night, "Schmigadoon!" took home the award for best musical. Meanwhile, "Arthur Miller's 'Death of a Salesman'" won six Tony Awards, the most of the night. Jamie Wax has more on the winners and top moments.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Apple is rolling out an update with new parental controls to help navigate screen time and keep kids safe. Jo Ling Kent explains the changes.
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
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.
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
LinkedIn's latest workforce report found hiring rates are nearly 5% lower than a year ago. Catherine Fisher, a LinkedIn career expert, explains how job applicants can break through the market, using AI when applying and more.
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
The drugs found in the lumber were mostly cocaine and ketamine, with an estimated retail value of $8.3 billion, officials said.
One suspect drove a vehicle "at very high speed and recklessly, even hitting several local residents" before being stopped by authorities, officials said.
A man appeared in a Houston courtroom Monday after he was removed from a United Airlines flight last month for allegedly getting on the plane with a fake boarding pass. Jason Allen reports.
At least 12 people were injured during a mass shooting at the Old West End Festival in Toledo, Ohio, officials say. CBS News' Jonah Kaplan reports.
Twelve people were injured, two of them critically, in what police are calling a "gunfight" that broke out at the Old West End Festival in Toledo, Ohio, on Saturday. Jonah Kaplan reports.
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.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
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.
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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.
Paulie Dibner, the executive editor of Oprah Daily, speaks with "CBS Mornings" about her transformative journey to motherhood after years of fertility complications and details where she found an unexpected source of healing.
Graham Platner remains defiant as he heads into the Maine Democratic Senate primary despite multiple controversies emerging linked to his past. CBS News' Caitlin Huey-Burns reports.
Officials say an employee at a Navy Base marina in Panama City, Florida, was taking a swim during his lunch break when he was attacked by a shark on Monday. The man sustained injuries to both arms and was taken to a nearby hospital.
Graham Platner's Maine primary to win the Democratic Senate nomination is occurring as more details about his past continue to emerge. Key races are also occurring in South Carolina, Nevada and North Dakota. CBS News' Fin Gómez, Skyler Henry and Anthony Salvanto have the latest.
Eleven U.S. cities over the next few weeks will host thousands of World Cup fans. But getting to the games won't be cheap in some cities. Kris Van Cleave reports.