What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
Economy
Chinese embark on a post-COVID spring break travel bonanza
While few Chinese are booking trips abroad yet, the country's domestic hotspots are having to turn people away and driving prices up to meet record demand.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
JPMorgan Chase takeover of First Republic
California regulators have seized control of struggling First Republic Bank. The FDIC accepted a bid from JPMorgan Chase to assume First Republic's deposits and virtually all of its assets. Javier David, CBS News contributor and managing editor for business and markets at Axios, joined Anne-Marie Green and Vladimir Duthiers to discuss this latest major bank failure.
What the First Republic Bank takeover means
JPMorgan Chase is taking over First Republic Bank after it was seized by federal regulators. It marks the third American bank failure in the past two months. Rachel Ensign, a reporter for The Wall Street Journal, joins CBS News with more.
Giant seaweed bloom hits Florida coast
Manuel Borjorquez explores the impact of seaweed that has washed ashore in Miami-Dade County, Florida. Officials are busy clearing beaches while researchers are studying how human waste might be contributing to the massive blooms.
Army identifies soldiers killed in crash
The U.S. Army has identified three soldiers killed when two helicopters collided during a training mission in Alaska.
Regulators look to shore up troubled bank
Federal regulators are hoping to announce who will take over the troubled First Republic Bank before markets open Monday. Meanwhile, the Fed is expected to raise interest rates yet again as inflation remains high. Skyler Henry reports.
Gary Cohn on First Republic's likely sale
Gary Cohn, the former top economic adviser in the Trump White House and who is now vice chairman of IBM, tells "Face the Nation" that he believes the impending sale of troubled bank First Republic "will be a much faster process" than what happened with Silicon Valley Bank. But he says this is a "seismic moment" for the American people and whether they trust their banks.
Employers continue to offer solid pay hikes, new data shows
Although good for employees, strong wage growth could spur additional interest rate hikes by the Federal Reserve.
Rise in shoplifting concerns retailers
The president of the California Retailers' Association is blaming the state for a rise in shoplifting. Revenue losses from theft remain higher than they were half a decade ago. Errol Barnett and Adriana Diaz are joined by David Johnston, vice president of asset protection and retail operations for the National Retail Federation, who breaks down this nationwide issue.
First quarter GDP growth lower than expected
New data shows that the U.S. GDP grew by 1.1% from the final quarter of 2022 to the first quarter of 2023. CBS News Contributor and Managing Editor for Business and Markets at AXIOS Javier David explains what this growth means for the potential of a recession.
U.S. economic growth slows, GDP report shows
The nation's gross domestic product grew at an annual rate of 1.1% in the first quarter of 2023, lower than what economists expected. But, the latest jobs report shows unemployment claims fell by 16,000. Ben Eisen, a reporter for the Wall Street Journal, joined CBS news to parse through the latest numbers.
Economic growth hit the brakes in the first quarter
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Microsoft-Activision Blizzard deal blocked
British antitrust regulators have blocked Microsoft's $69 billion deal to buy video game maker Activision Blizzard. In a statement Wednesday, Britain's Competition and Markets Authority said, "we've prevented Microsoft from purchasing Activision over concerns the deal would damage competition in the cloud gaming market, leading to less innovation and choice for UK gamers." The all-cash deal was set to be the biggest in the history of the tech industry. Michael Pachter, a managing director at Wedbush Securities, has more.
Market concern on bank earnings, debt ceiling
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.
Pandemic's impact on commercial real estate
Victor Calanog, the head of commercial real estate economics for Moody's Analytics, joins Errol Barnett and Roxana Saberi to discuss the lasting effect the pandemic has had on commercial real estate. He details rising office space vacancy, what's shifted for storefronts, and more.
Stocks slide after earnings reports
Stocks closed in the red across the board Tuesday, as investors react to first quarter earnings reports. CenterSquare senior investment strategist Uma Moriarity spoke with Errol Barnett about what the results mean for investors going forward.
Rent vs. buy: Which makes more sense in this housing market?
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Wall Street braces for debt ceiling standoff
The U.S. is close to exhausting its ability to borrow without a debt ceiling extension. Jeff Stein, White House economics reporter for "The Washington Post," joined to discuss how a political divide in Washington could create headwinds for capital markets and the economy.
Consumer confidence drops slightly in April
New data shows for the third time in four months, U.S. consumer confidence fell. Courtenay Brown, markets reporter for Axios, joined CBS News to evaluate how Americans are feeling about the economy, and previews the new GDP data set to be released later this week.
Bed Bath & Beyond closing all stores
Bed Bath & Beyond officially filed for bankruptcy protection, the company announced Sunday. The filing said that all brick-and-mortar stores, including 120 Buy Buy Baby locations, will close by the end of June. Roxana Saberi reports.
McCarthy says House will pass debt limit bill
Republican House Speaker Kevin McCarthy said he has the votes to pass his debt ceiling bill. CBS News congressional correspondent Nikole Killion joined with more.
Bed Bath & Beyond files for bankruptcy protection
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
ESPN announces layoffs as Disney cuts thousands of jobs
ESPN's corporate owner, the Walt Disney Company, plans to slash 7,000 jobs as a cost-cutting measure.
First on CBS
U.S., Israel preparing to bombard energy-related targets in Iran, sources say
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
DOJ to dismiss Reflecting Pool vandalism charges, citing "botched installation"
Federal prosecutors moved to dismiss an indictment charging U.S. Olympic canoeist David Hearn with ripping the bottom of the Lincoln Memorial Reflecting Pool, saying the damage was caused by "botched installation and not vandalism."
Spain sends over 48,000 migrants back to Morocco from Ceuta; dozens dead
Spain's Ministry of the Interior said about 50,000 people entered the Spanish enclave since Thursday morning, with an estimated 48,300 back in Morocco by 6 p.m. Friday.
FIFA scraps its World Cup investment plan after backlash
FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.
Nancy Guthrie ransom notes are released, including message saying she died
One of the notes threatened to kill Nancy Guthrie if a multimillion-dollar ransom wasn't paid in a week. The second says, ""She is buried in nature now."
Live
Iran accuses U.S. of escalating tensions as Washington plans more strikes
Iran accused the U.S. of escalating tensions in the region and said it's preparing its own response if Washington goes ahead with new strikes.
U.S. probing if Iran was behind cyberattack on water systems in 7 states
Malicious cyber activity affected technology at water systems in at least seven states this week, including Minnesota, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
Russian strikes on Kyiv kill 4, injure at least 15, officials say
Kyiv said the strikes had killed four people, and the city's mayor reported 15 people, including two boys aged 13 and 17, were wounded and transported to hospital.
Body of missing girl found in New Jersey river after 2-day search, officials say
The body of a missing girl has been found in the Passaic River in New Jersey after a two-day search, officials said.
U.S.
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FIFA scraps its World Cup investment plan after backlash
FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.
DOJ to dismiss Reflecting Pool vandalism charges, citing "botched installation"
Federal prosecutors moved to dismiss an indictment charging U.S. Olympic canoeist David Hearn with ripping the bottom of the Lincoln Memorial Reflecting Pool, saying the damage was caused by "botched installation and not vandalism."
Nearly 1 in 4 Americans want CEOs to "stop being greedy," survey finds
New poll explores what people wish corporate leaders understood about economic life in the U.S. today.
Brother of slain cartel leader "El Mencho" pleads guilty to U.S. drug charges
Antonio Oseguera Cervantes worked for cartels with his brother Nemesio Rubén Oseguera Cervantes, the drug lord known as "El Mencho," according to federal prosecutors.
Nancy Guthrie ransom notes are released, including message saying she died
One of the notes threatened to kill Nancy Guthrie if a multimillion-dollar ransom wasn't paid in a week. The second, a few days later, says, "She is buried in nature now."
MoneyWatch
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Nearly 1 in 4 Americans want CEOs to "stop being greedy," survey finds
New poll explores what people wish corporate leaders understood about economic life in the U.S. today.
Families sue Meta, Snapchat, TikTok, YouTube over deaths of 4 teens
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
New York sues Kalshi, alleging it enables illegal gambling
A growing number of U.S. states are seeking to crack down on prediction markets, but face pushback from federal regulators.
OCTROT heated blankets and throws recalled after fires and injuries
Chinese-made electric bedding poses "risk of serious injury or death," according to U.S. product safety regulators.
Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
Politics
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DOJ to dismiss Reflecting Pool vandalism charges, citing "botched installation"
Federal prosecutors moved to dismiss an indictment charging U.S. Olympic canoeist David Hearn with ripping the bottom of the Lincoln Memorial Reflecting Pool, saying the damage was caused by "botched installation and not vandalism."
First on CBS
U.S., Israel preparing to bombard energy-related targets in Iran, sources say
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
Lawyer for Rep. Miller's ex-wife files for restraining order amid abuse claims
The ex-wife of GOP Rep. Max Miller asked a court to issue a restraining order blocking Miller from contacting her lawyer, as the Ohio congressman faces allegations of abuse — which he denies.
First on CBS
Democrats demand training info on ICE agent who killed immigrant in Maine
Two Democrats are demanding details and records about the training of an ICE officer who shot and killed a Colombian immigrant in Maine, according to a letter obtained by CBS News.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
HealthWatch
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HealthWatch
Peptide vendor sentenced for "trail of harm"
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Senate committee advances Dr. Erica Schwartz to be Trump's CDC director
If confirmed by the full Senate, Dr. Erica Schwartz would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention.
Millions of kids have caffeine in their diet. It's not all coming from soda.
On any given day, kids consume an average of 19.4 milligrams of caffeine, which is about two-thirds of what's in a can of Coke, according to a new report.
Extended Interview: Jay Bhattacharya
Rob Gutman speaks with Jay Bhattacharya, director of the National Institutes of Health and acting director of the CDC, about Dr. Anthony Fauci's actions during the pandemic, the possible origins of COVID-19, vaccines and more.
World
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Russian strikes on Kyiv kill 9, injure at least 27, officials say
Kyiv said the strikes had killed four people, and the city's mayor reported 15 people, including two boys aged 13 and 17, were wounded and transported to hospital.
FIFA scraps its World Cup investment plan after backlash
FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.
Brother of slain cartel leader "El Mencho" pleads guilty to U.S. drug charges
Antonio Oseguera Cervantes worked for cartels with his brother Nemesio Rubén Oseguera Cervantes, the drug lord known as "El Mencho," according to federal prosecutors.
First on CBS
U.S., Israel preparing to bombard energy-related targets in Iran, sources say
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Entertainment
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Entertainment
"Spider-Man: Brand New Day" swings into theaters
Just weeks after "Supergirl" underperformed at the box office, the ninth live-action Spider-Man film since 2002 is expected to premiere with a projected global opening of as much as $465 million. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss.
From the archives: Spider-Man creator Stan Lee
The creator of such superheroes as Spider-Man, Iron Man, the Avengers and the Fantastic Four, Stan Lee (1922-2018) was a comic book genius whose characters made him a superhero himself to legions of fans. In this report that originally aired Jan. 17, 2016, Lee talked with "Sunday Morning" correspondent Lee Cowan about his marvelous life story that, fittingly, was published in comic-book form.
Netflix sued for allegedly losing unreleased Nicolas Cage movie
A lawsuit alleges that a drive storing a $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
From the archives: "Once" songwriter Glen Hansard
Irish singer-songwriter Glen Hansard, an Oscar-winner for "Once" (which became a Tony Award-winning musical), died July 29, 2026 at age 56. In this March 17, 2013 "Sunday Morning" profile, Hansard talked with Anthony Mason about growing up as a street performer in Dublin, and his meteoric rise to fame as a member of the rock band The Frames and (with Markéta Irglová) half of the duo The Swell Season. Also: A web extra featuring Hansard busking on the streets of New York City.
Actor Jared Leto facing allegations
Actor Jared Leto is facing allegations of criminal sexual conduct, which he has denied. In a new BBC documentary, four women accuse Leto of targeting them when they were underage. Lilia Luciano has the latest.
Technology
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Technology
Anthropic claims its AI models went rogue
Anthropic claims its artificial intelligence models went rogue during testing and hacked into three other companies. Less than two weeks ago, OpenAI reported a similar incident for one of its models. Stephen Witt, author of "The Thinking Machine," joins to unpack the situation.
Trump blames Minnesota for water cyberattack
The U.S. government is investigating whether Iran is behind a cyberattack on water systems in seven states. In Minnesota alone, more than 30 community water systems were impacted. CBS News homeland security correspondent Nicole Sganga has the details.
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.
Families sue Meta, Snapchat, TikTok, YouTube over deaths of 4 teens
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
Is Iran targeting the U.S. water supply?
Investigators are examining whether Iran was involved with a series of cyberattacks on water systems in Minnesota and other states. Nicole Sganga reports.
Science
More Science
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Crime
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Crime
Notes released in Nancy Guthrie case
For the first time, the Pima County Sheriff's Office released a pair of emails allegedly sent by Nancy Guthrie's kidnapper, who said she had died shortly after she had been abducted. Tom Hanson reports.
Nancy Guthrie ransom notes released
Possible ransom notes released by the Pima County Sheriff's Department in the hopes of identifying Nancy Guthrie's kidnapper or kidnappers include specific details about Guthrie's white Apple Watch and allege that she died unexpectedly of a medical condition and "is buried in nature." CBS News' Anna Schecter breaks it down.
Epstein survivor calls Blanche "walking perjury"
Survivors of convicted sex offender Jeffrey Epstein's abuse were on Capitol Hill this week lobbying senators to reject Todd Blanche's nomination for attorney general. One survivor, Dani Bensky, joins "The Takeout" to discuss her concerns about Blanche.
Brother of slain cartel leader "El Mencho" pleads guilty to U.S. drug charges
Antonio Oseguera Cervantes worked for cartels with his brother Nemesio Rubén Oseguera Cervantes, the drug lord known as "El Mencho," according to federal prosecutors.
Nancy Guthrie ransom notes are released, including message saying she died
One of the notes threatened to kill Nancy Guthrie if a multimillion-dollar ransom wasn't paid in a week. The second, a few days later, says, "She is buried in nature now."
Space
More Space
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Latest CBS News Videos
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Latest CBS News Videos
Some migrants go back after crossing into Spain
According to the president of Ceuta, 60,000 migrants have flooded the small Spanish territory from Morocco since Thursday. Most voluntarily left the territory amid shortages of food, water and shelter, but thousands remained. Spain's prime minister called it an attack. Aiden Stretch reports from Ceuta, Spain.
Stranger gifts a boy with a piano
Back in 2023, a stranger gifted a boy with autism a piano after seeing his story on the local news. Now, the stranger is more like family, and the boy is dazzling the world with his music. Steve Hartman goes "On the Road" revisiting Jude's story.
Oil giants see profits surge amid Iran war
America's biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis.
DOJ dismisses indictment over Reflecting Pool
The U.S. government dismissed the felony indictment against David Hearn, the former Olympian accused of damaging the Reflecting Pool of the National Mall.
Trump blames cyber attacks on Minnesota
President Trump took his Cabinet meeting on the road to Camp David on Friday, where he downplayed cyberattacks on Minnesota water systems that U.S. officials suspect were linked to Iran. Nancy Cordes reports.