Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
Federal Reserve
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
More companies to report Q4 earnings
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Why tech workers are getting laid off
Yahoo is the latest tech company to announce mass layoffs. Courtenay Brown, an economics reporter for Axios, joins CBS News' Errol Barnett and Elaine Quijano to discuss what's behind the layoffs, why they are happening amid historically low unemployment numbers and how the layoffs could affect the Federal Reserve.
Biden touts progress on economy
Jared Bernstein, a member of the White House Council of Economic Advisers, joined CBS News to discuss the optimistic message in President Biden's State of the Union address and the state of the American economy.
Parties clash on debt limit ahead of address
Prominent Democrats and Republicans on both sides of the aisle are clashing on how to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice discusses how politicians and the public view the debt ceiling.
U.S. hiring surged in January
President Biden is highlighting January's job report after it soared past economists' predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves.
January jobs report surpasses expectations
The January jobs numbers crushed expert expectations, with more 517,000 new jobs being reported last month. In addition, the unemployment rate fell to its lowest level in more than 50 years. CBS News business analyst Jill Schlesinger has more.
Investors react to strong January jobs report
The January jobs report showed unemployment at its lowest since 1969, but investors fear the hot economy will bring further interest rate hikes from the Federal Reserve. Lori Bettinger, president of Bancalliance, joined CBS News to discuss why the prospect of a soft landing is looking more likely.
Fed hikes interest rates by a quarter-point
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
Biden, McCarthy meet to discuss debt ceiling
President Biden and House Speaker Kevin McCarthy met Wednesday to discuss the debt ceiling and open the door for budget cut negotiations. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joins CBS News' John Dickerson to discuss what it would take to balance the budget and what that would do to the economy.
Federal Reserve raises interest rates again
Javier David, a managing editor of business and markets for Axios and a CBS News contributor, joins Lana Zak and Elaine Quijano as the Federal Reserve announces it is raising rates for the eighth time over the course of a year. He explains why the central bank decided on the quarter-point increase and what it means for the U.S. economy.
Federal Reserve hikes interest rates 0.25 percentage point
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Stocks rise after Fed acknowledges "disinflationary process"
"We will need substantially more evidence to be confident that inflation is on ... downward path," said Fed Chair Jerome Powell
How the Fed's latest interest rate hike affects your money
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another interest rate hike today, but the increase is expected to be lower than previous hikes that began in March 2022. Fed Chairman Jerome Powell will address the media this afternoon. CBS News reporter Sarah Ewall-Wice joins us to discuss the significance.
Stocks finish higher on encouraging GDP numbers
The Dow Jones ended in the green Thursday following a report that showed the U.S. gross domestic product rose 2.9% in the fourth quarter of 2022. Kayla Bruun, economic analyst for Morning Consult, joined CBS News to discuss what the latest GPD data could mean to the economy.
U.S. GDP grew 2.9% in final quarter of 2022
The economy is fighting back against inflationary pressures, but many economists say that won't last, and the economy could slow down in 2023 as an intended consequence of the Federal Reserve's efforts to rein in inflation by raising interest rates. Economist and Harvard University professor Jeffrey Frankel joined CBS News to discuss what the latest GDP data could mean for the economy moving forward.
How interest rates affect the tech industry
As tech companies cutting thousands of jobs this month, CBS News correspondent Vladimir Duthiers discusses how the Federal Reserve's interest rate hikes have contributed to the industry's financial woes.
NYSE experiences technical issue
The New York Stock Exchange experienced a technical issue early on Tuesday, temporarily halting trading for more than 80 companies. Dan DeFrancesco, finance editor for Insider, joined CBS News to recap the day for the markets, and what the latest Justice Department antitrust lawsuit against Google could mean for the tech industry.
U.S. economy is slowing to stall speed, recession gauge shows
Conference Board index has fallen 10 months in a row, indicating a recession is likely sometime this year.
Treasury takes action as U.S. hits debt ceiling
The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking "extraordinary measures" to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more.
Here's when the U.S. could crash through the debt ceiling
Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
Inflation is cooling, Fed Vice Chair Lael Brainard says
But central bank will have to keep interest rates elevated "for some time" to keep a lid on price increases, official notes.
Dow drops on negative retail sales report
The Dow Jones dropped more than 600 points Wednesday following the release of the December retail sales report by the U.S. Commerce Department. Kayla Bruun, an economic analyst for "Morning Consult", joined CBS News to provide her reaction to the report.
Judge blocks Trump's ban on CNN, MS NOW and Politico's White House access for now
A federal judge temporarily blocked the Trump administration from barring the outlets from the White House and said their journalists' press credentials must be restored.
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
Live
Iran's president calls U.S. attacks "cowardly" as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Hurricane Polo is a powerful Category 5 storm off Mexico. See its path.
Hurricane Polo intensified back into a Category 5 storm — the strongest on the hurricane scale — off Mexico's southwestern coast. Here's the latest on its path.
Sen. Tim Scott says GOP in "fight for our lives," sees path to holding Senate
With just under six weeks until the midterms, Sen. Tim Scott of South Carolina laid out the NRSC's strategy to try to hold onto the Senate amid a tough political environment.
Hawaii under another hurricane watch as new storm closes in
Nolo is expected to become a hurricane sometime Thursday night and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
Florida gov. candidate Byron Donalds responds after Trump mentions removed from site
Some prominent references to President Trump were scrubbed from Florida gubernatorial candidate Byron Donalds' campaign website in recent weeks, but the Republican said he isn't backing away from the president's agenda.
Harvey Weinstein sentenced to 15 years in New York sexual assault case
Harvey Weinstein, the disgraced movie mogul, was sentenced to 15 years in prison Wednesday morning for sexually assaulting Miriam Haley at his Manhattan apartment in 2006.
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Florida gov. candidate Byron Donalds responds after Trump mentions removed from site
Some prominent references to President Trump were scrubbed from Florida gubernatorial candidate Byron Donalds' campaign website in recent weeks, but the Republican said he isn't backing away from the president's agenda.
Sen. Tim Scott says GOP in "fight for our lives," sees path to holding Senate
With just under six weeks until the midterms, Sen. Tim Scott of South Carolina laid out the NRSC's strategy to try to hold onto the Senate amid a tough political environment.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Hawaii under another hurricane watch as new storm closes in
Nolo is expected to become a hurricane sometime Thursday night and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
MoneyWatch
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Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Politics
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Judge blocks Trump's ban on CNN, MS NOW and Politico's White House access for now
A federal judge temporarily blocked senior Trump administration officials from barring CNN, MS NOW and Politico from the White House and said their journalists' press credentials must be immediately restored.
Florida gov. candidate Byron Donalds responds after Trump mentions removed from site
Some prominent references to President Trump were scrubbed from Florida gubernatorial candidate Byron Donalds' campaign website in recent weeks, but the Republican said he isn't backing away from the president's agenda.
Sen. Tim Scott says GOP in "fight for our lives," sees path to holding Senate
With just under six weeks until the midterms, Sen. Tim Scott of South Carolina laid out the NRSC's strategy to try to hold onto the Senate amid a tough political environment.
Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
HealthWatch
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Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
World
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Ambassador says son is fighting for his life after attack in West Bank
Neria Leiter, the son of Israel's ambassador to the U.S., Yechiel Leiter, was seriously injured in a car-ramming attack in the West Bank.
6 people killed in bear attacks in Siberia: "Under siege"
Prosecutors said they opened a probe into criminal negligence, accusing local officials of failing to control bear numbers.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
Iran's president calls U.S. attacks "cowardly" as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Entertainment
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Entertainment
Taylor Swift releasing new music before VMAs
Taylor Swift announced a new single, "Patient Zero," and a deluxe version of her record-breaking album, "The Life of a Showgirl," this week as the VMAs and Grammy voting season approach. Bryan West, who covers Taylor Swift for USA Today, joins "The Daily Report."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Zibby Owens on living "between chapters"
Zibby Owens sits down with "CBS Mornings" to discuss her new book "Between Chapters: How I Started Over, Took Some Chances, and Found the Plot ."
Technology
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Technology
How Meta AI agent Muse differs from chatbots
Meta is announcing its latest artificial intelligence tools and smart glasses at its annual showcase on Wednesday. CNET AI reporter Katelyn Chedraoui joins CBS News to discuss.
AI leaders call for international cooperation
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei are among the artificial intelligence executives briefing the U.N. Security Council amid warnings about AI's possible threat to humanity. Fortune magazine reporter Eva Roytburg joins CBS News to discuss.
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.
Meta set to launch camera-free smart glasses
Meta's smart glasses have sparked privacy concerns with some users recording people without their knowledge or consent. Now, the company is expected to launch a new pair of spectacles addressing those worries. Mashable tech editor Tim Werth joins CBS News with more.
Trump to meet with China's XI over AI
President Trump has downplayed the threat posed by artificial intelligence amid growing calls for AI regulation. MIT professor and artificial intelligence expert Max Tegmark weighs in on Mr. Trump's planned meeting with China's Xi Jinping.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Crime
Rollercoaster linked to brain injuries
Over 100 Six Flags visitors are accusing the X2 rollercoaster in Southern California of leaving them with traumatic brain injuries. Carter Evans has more.
Dolly Parton's nephew facing court order
Dolly Parton's nephew, Bryan Seaver, who had announced her death in a video last month, was ordered by a court to stay out of most of her estate's affairs after threat accusations. Nicole Valdes has the latest.
American Idol contestant on trial for murder
Caleb Flynn, a former American Idol contestant, is on trial in Ohio for the murder of his wife. Ian Lee has the story.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Could Boise's "Unknown Wanderer" be linked to Chicago Tylenol murders?
Boise police have identified a man known as the "Unknown Wanderer" who was found dead in a church in 1982, and revealed a possible link to the Chicago Tylenol murders.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Bone Loss: A Silent Disease
About half of women over the age of 50 experience bone density loss, but most don't even know they have a problem. That's why Dr. Jocelyn Wittstein calls it a "silent disease." Dr. Wittstein has been at the forefront of understanding how joint pain and joint health evolve over a woman's lifetime. She tells Norah how you can reverse bone loss and what impact hormones have on bone density.
9/23: CBS Evening News
Both coasts bracing for extreme weather; Trump hosts China's Xi Jinping amid media boycott.
Mortgage rates surpass 7%
The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's driving the spike.
Taylor Swift releasing new music before VMAs
Taylor Swift announced a new single, "Patient Zero," and a deluxe version of her record-breaking album, "The Life of a Showgirl," this week as the VMAs and Grammy voting season approach. Bryan West, who covers Taylor Swift for USA Today, joins "The Daily Report."