Protest chaos as economic crisis leaves Lebanese "struggling to survive"
"If our demands are not met, we will go back to the streets and escalate," one retired military general and protest leader told CBS News.
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"If our demands are not met, we will go back to the streets and escalate," one retired military general and protest leader told CBS News.
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
A surge in grocery costs combined with the end of pandemic programs is causing a spike in hardship, a new study finds.
Stocks closed higher on Monday after coordinated action from the Federal Reserve and other leading central banks to restore confidence in the banking system. Chief economist at the Conference Board, Dana Peterson, joins CBS News's John Dickerson to discuss.
First Republic Bank saved from collapse; Men's NCAA basketball tournament tips off.
Signature Bank's collapse is considered the third-largest bank failure in U.S. history.
At the height of the Great Recession, Scott Pelley reported on the lengths the federal government will go to protect bank depositors.
Kara Swisher and Scott Galloway, the "Pivot" podcast co-hosts, tell "Face the Nation" that there was a "huge insecurity injected" into the banking system by Silicon Valley's "constant catastrophizing" ahead of the bank's collapse. "Do we have two Americas in Silicon Valley, and I think lawmakers and Americans are trying to ask, should we backstopping Americans or agents of chaos?" Galloway said.
Missed the second half of the show? The latest on the "contagion effect" if people lose confidence in banks; Podcast co-hosts Swisher and Galloway on the "two Americas in Silicon Valley" and "more and more evidence" that China is supporting Russia.
Sen. Elizabeth Warren tells "Face the Nation" that she is calling for Congress to introduce more regulation for the banking industry after the two banks failed earlier this month. "I think lifting the FDIC insurance cap is a good move," she said.
Watch the full version of the interview with Rep. Patrick McHenry that aired on March 19, 2023 on "Face the Nation."
Rep. Patrick McHenry, the chair of the House Financial Services Committee, tells "Face the Nation" that "all options should be on the table" in allowing large banks to take over smaller, troubled banks. He added that Congress needs to investigate the "who, what, when, where, why and how" of the failures of Signature Bank and Silicon Valley Bank.
This week on "Face the Nation with Margaret Brennan," interviews with Sen. Elizabeth Warren and Rep. Patrick McHenry on the prognosis for the banking industry, plus Robert Costa on the latest Trump news.
CBS News business analyst Jill Schlesinger talks the bank crisis and what you need to know.
The markets remained unstable a week after the second-largest bank collapse in history. Regulators have been criticized, and President Joe Biden has asked Congress to expand his authority to crack down on those who contributed to the crisis. Christina Ruffini reports.
A new report suggests some bank employees believe one of the reasons for the collapse of Silicon Valley Bank was its commitment to a work-from-home policy. CBS News' Errol Barnett and Elaine Quijano are joined by Axios markets reporter Emily Peck to discuss.
Silicon Valley Bank's parent company filed for Chapter 11 bankruptcy this morning. Lauren Hirsch, business and policy reporter for The New York Times, joined CBS News to discuss how this move is different from the regional bank's collapse, and the state of the U.S. banking system in the wake of the First Republic aid package.
Eleven of the nation's biggest banks rescued regional lender First Republic Bank with a $30 billion bailout after questions about the San Francisco-based bank caused its stock price to tumble this week. CBS News congressional correspondent Scott MacFarlane reports.
Treasury Secretary Janet Yellen told a Senate hearing that the nation's banking system "remains sound" in the wake of the country's second largest bank collapse. And major banks committed $30 billion to shore up First Republic Bank. CBS News congressional correspondent Scott MacFarlane and CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan join "Red and Blue" to discuss the latest on the banking situation.
U.S. Treasury Secretary Janet Yellen says the nation's banking system remains safe despite two regional banks collapsing in the past week. Her comments come as First Republic Bank shares plummeted to start the day. Bill Eisen, a banking reporter for the Wall Street Journal, joins CBS News to discuss what it for the U.S. banking system.
Following the collapse of Silicon Valley Bank and regional banking fears, larger U.S. banks have seen an increase in new depositors looking to secure their money. Stephen Gandel, U.S. banking correspondent at The Financial Times, joins CBS News to discuss the fallout and how major U.S. banks are responding.
Former FDIC chair Sheila Bair joins John Dickerson on "Prime Time" to discuss the recent failure of Silicon Valley Bank and whether Americans need to be concerned about broader instability in the banking system.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
About half of Iran's stockpile of ballistic missiles and its associated launch systems were still intact as of the start of the ceasefire in early April, officials said.
Sgt. First Class Jose Serrano told CBS News he's been informed his wife will be released from an ICE detention center in El Paso.
The parents of Sheridan Gorman, an 18-year-old Loyola University Chicago freshman who was fatally shot last month, are speaking publicly for the first time.
Democratic Rep. David Scott, who represented Georgia in the House for more than two decades, has become the fifth member of the 119th Congress to die in office.
The new report evaluated air quality in different parts of the country by measuring the presence of ozone and particle pollution in the atmosphere.
Mexican President Claudia Sheinbaum said the government is still investigating a potential violation of national security laws in the incident.
The negotiation comes after President Trump publicly said he wanted his administration to look at a rescue package for the budget carrier.
The AI company behind the chatbot Claude is looking into a report of unauthorized access to Mythos from one of its third-party vendor environments.
Democratic Rep. David Scott, who represented Georgia in the House for more than two decades, has become the fifth member of the 119th Congress to die in office.
Sun alleges that World Liberty Financial froze the digital tokens he had purchased, locking him out of assets worth as much as $1 billion.
The new report evaluated air quality in different parts of the country by measuring the presence of ozone and particle pollution in the atmosphere.
The negotiation comes after President Trump publicly said he wanted his administration to look at a rescue package for the budget carrier.
The AI company behind the chatbot Claude is looking into a report of unauthorized access to Mythos from one of its third-party vendor environments.
Sun alleges that World Liberty Financial froze the digital tokens he had purchased, locking him out of assets worth as much as $1 billion.
The AI company behind the chatbot Claude is looking into a report of unauthorized access to Mythos from one of its third-party vendor environments.
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
Karex, which calls itself the "world's largest condom maker," could hike the company's prices by 20% to 30%, its CEO told Reuters.
The U.S.-Iran war isn't just driving prices higher for gasoline. Petrochemicals derived from oil and natural gas go into making more than 6,000 consumer products, the Department of Energy says.
In a key Pennsylvania county, many Catholic voters are closely watching the Iran war and President Trump's feud with Pope Leo XIV.
Sgt. First Class Jose Serrano told CBS News he's been informed his wife will be released from an ICE detention center in El Paso.
Democratic Rep. David Scott, who represented Georgia in the House for more than two decades, has become the fifth member of the 119th Congress to die in office.
U.S. Rep. David Scott, who represented Georgia's 13th District for over two decades, has died at 80 years old.
About half of Iran's stockpile of ballistic missiles and its associated launch systems were still intact as of the start of the ceasefire in early April, officials said.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Mexican President Claudia Sheinbaum said the government is still investigating a potential violation of national security laws in the incident.
As thousands of undocumented migrants line up to apply for amnesty under a new program in Spain, the prime minister's opponents vow a fight.
About half of Iran's stockpile of ballistic missiles and its associated launch systems were still intact as of the start of the ceasefire in early April, officials said.
The crew of the Mariana notified the U.S. Coast Guard on April 15 that the 145-foot vessel lost its starboard engine during Super Typhoon Sinlaku.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Opening statements have concluded in Harvey Weinstein's New York rape retrial. CBS News' Jericka Duncan has more.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Los Angeles prosecutors on Monday charged singer D4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
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.
Tim Cook announced he would be stepping down as Apple CEO on Monday. Jo Ling Kent reports on John Ternus, the mechanical engineer preparing to take the wheel.
Apple CEO Tim Cook will step down in September after 15 years at the helm of the company. CBS Sunday Morning correspondent David Pogue joins to discuss Cook's legacy and where Apple's future could lead.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Surveillance video shows the moment a car came crashing through a police station in Philadelphia. Five people were taken to the hospital and police say they believe the incident was intentional. Shanelle Kaul reports.
OpenAI and ChatGPT are under investigation by Florida officials after a deadly shooting last year at Florida State University. Prosecutors allege the AI bot offered "significant advice" to the suspect just days before the shooting. OpenAI says its chatbot is not responsible. Jo Ling Kent reports.
The assault-style rifle used to kill eight children in a Louisiana mass shooting was stolen from a truck, the gun's previous owner said.
The Justice Department on Tuesday announced fraud charges against the Southern Poverty Law Center over its nonprofit investigations into extremist groups. CBS News justice reporter Jake Rosen has the details.
Mexican authorities say a gunman atop the Pyramid of the Moon, one of Mexico's most popular archaeological sites, shot at tourists and taunted first responders on Monday. CBS News chief correspondent Matt Gutman reports on the new details.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
Sen. Lisa Blunt Rochester had a pointed line of questioning with HHS Secretary Robert F. Kennedy Jr. on Wednesday about his response to measles outbreaks across the U.S.
Sen. Maggie Hassan slammed HHS Secretary Robert F. Kennedy Jr. on Wednesday over high grocery prices and Kennedy's position on the herbicide glyphosate.
Sen. Bill Cassidy, a Louisiana Republican, pressed HHS Secretary Robert F. Kennedy Jr. about how public trust in vaccines has worsened in the last year. He then questioned Kennedy about what his agency is doing to address potential outbreaks, including measles, that could happen during the World Cup.
President Trump posted on social media Wednesday that eight women protesters who were going to be executed in Iran will no longer be killed. CBS News contributor Masih Alinejad shares her reaction.
The Trump administration is having advanced discussions with Spirit Airlines about a potential bailout loan of up to $500 million in exchange for warrants that would allow the government to take an ownership stake in the company, sources tell CBS news. CBS News' Shanelle Kaul has more.