Before you get too excited by Friday's rally. . .
November's payroll report sent stocks soaring, but here's why that's not enough to mean the bulls are in charge again
Federal Reserve
November payrolls increased more than anticipated
Government says unemployment rate held at a seven-year low of 5 percent, with table seen as set for rise in borrowing costs
Fed and ECB stimulus worries slam stocks
Investors disappointed with central banks punish financial markets across the board, pushing the Dow down for the year
Yellen confident U.S. economy is on the mend
Fed chief points to positive signals on job growth and inflation, setting stage for December hike in interest rates
The stock market is calm -- that's worrisome
Financial markets may appear tranquil, but beneath the surface some investors are girding for trouble
U.S. economy grew at 2.1 percent rate in third quarter
Less severe slowdown in stockpiling by businesses is main reason for better-than-initially thought reading of summer activity
World stocks drift as Fed-fueled rally fades
U.S. stocks were poised to open higher: Dow futures added 0.4 percent, and broader S&P 500 futures rose 0.3 percent
Global stocks move higher after signs of Fed rate hike
Futures showed that Wall Street was likely to extend its gains: Dow futures gained 0.2 percent, and S&P futures rose 0.4 percent
Below the surface, Wall Street is still nervous
Stocks may have shrugged off the shock of the Paris terror attacks, but lingering worries about rate hikes are lurking
Stocks higher; ConAgra Foods jumps on spinoff news
Investors welcomed new hints that the Federal Reserve could begin to raise interest rates as early as next month
Consumer prices rise slightly in October
Gas costs increased 0.4 percent in October but have plunged 27.8 percent over the past 12 months
Is the U.S. recovery too old for its own good?
Yes, the current expansion has already lasted much longer than usual -- but that doesn't mean it's about to end
Where Fed's critics got it wrong in GOP debate
Claims that the central bank caused income inequality and stunted the economic recovery make no sense -- here's why
Yellen: Research needed on unconventional policy tools
Fed chair's remarks did not address current economic conditions or future policy moves by the central bank
Global stocks drift ahead of Yellen comments
U.S. stocks were poised for a lackluster opening, with Dow futures down 0.1 percent and broader S&P 500 futures unchanged
Uh oh -- just 8 stocks are propping up the market
And as the Fed starts hiking rates, that could mean Wall Street gets a lump of coal rather than a Santa Claus rally
Mortgage borrowers, don't fear a Fed rate hike
Few realize that the central bank's impact on longer-term rates, such as those for home mortgages, is muted to nil
World stocks lower on gloomy forecasts
Futures pointed to a flat start on Wall Street: Dow futures were flat while S&P 500 futures were down 0.1 percent
U.S. stocks end down on weak China trade data
China's imports fell by 18.8 percent in October from a year earlier, damping hopes for an economic rebound this quarter
World stocks slip on Fed rate hike prospects, China
Futures pointed to a weak open on Wall Street: Dow futures were down 0.3 percent and S&P 500 futures were flat
Anxieties rise as rate hikes approach
Job gains and wage inflation set up a December rate liftoff, and that's likely to give bulls second thoughts
Stocks end mixed as market factors Fed rate hike
Strong October jobs report could lead the Federal Reserve to raise interest rates in December
Hiring surges: Economy added 271K jobs in October
Unemployment rate falls to 5 percent, and wages post the largest monthly gain in more than six years
China stocks jump, Fed jitters weigh on global markets
Futures indicated that stocks on Wall Street would be stable: Both Dow and S&P 500 futures were up 0.4 percent
Will stocks carry October's surge into November?
This month's surprise had several catalysts, but next Friday's payroll report could set the tone for the coming month
Lala becomes Cat. 1 hurricane as it bears down on Hawaii's Big Island
Hurricane Lala is expected to bring dangerous conditions to Hawaii this weekend, forecasters say.
Live
Iran strikes another ship in Strait of Hormuz as Israel steps up Lebanon attacks
Israel is being condemned by Lebanese leaders for a strike in the south that killed at least nine people, including children, according to the health ministry.
South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
Luigi Mangione pleads guilty in federal case, admits shooting Brian Thompson
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
Indiana floods prompt evacuations and water rescues
Indianapolis Mayor Joe Hogsett urged residents along the White River to evacuate on Saturday.
Construction workers find $10 million gold stash in renovations
Police issued a warning telling "gold prospectors" to stay away from the construction site
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Ex-Cambridge professor dies week after resigning amid plagiarism allegations
Jason Arday, who was Cambridge's youngest Black professor, died in London on Friday, the school said.
5 people injured in shooting at Virginia State University
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
U.S.
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Indiana floods prompt evacuations and water rescues
Indianapolis Mayor Joe Hogsett urged residents along the White River to evacuate on Saturday.
American Kate Douglass sets 50-meter freestyle world record at Pan Pacific
Kate Douglass, 24, is a five-time Olympic medalist.
5 people injured in shooting at Virginia State University
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
Air traffic controller saves day when 2 jets with same call number converge
An air traffic controller's quick thinking helped avert a dangerous situation when two jets, one landing in Phoenix and the other simultaneously taking off, shared the same flight number and radio frequency.
MoneyWatch
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Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
See how much renters pay for a 2-bedroom home in 50 U.S. cities
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
Politics
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South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
Army temporarily grounds Apache helicopter training flights after deadly crash
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
First on CBS
Inside "the Pool": Fugitive arrested in alleged cross-border car trade scheme
Along the Texas-Mexico border, prosecutors say a group of businessmen found a way to monopolize the trade of used cars — a scheme called "the Pool." This week, authorities say they caught one alleged member.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Feds charge woman for allegedly vandalizing World War II Memorial in D.C.
The top federal prosecutor in Washington, D.C., said a woman has been arrested and faces two felony charges related to vandalism of the World War II Memorial.
HealthWatch
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Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
World
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Liechtenstein moves to change succession laws, paves way for women on throne
The change shouldn't affect the top of the line of Liechtenstein's royal house succession in the immediate future.
Father and young sons rescued after 16 hours stranded off Thai island
The father and his two sons had rented a jet ski from a local operator, but failed to return it at the agreed time.
Construction workers find $10 million gold stash in renovations
Police issued a warning telling "gold prospectors" to stay away from the construction site
2 powerful earthquakes hit Indonesia on same day, at least 47 dead
With magnitudes of 7.7 and 6.4, two earthquakes struck different parts of Indonesia on the same day.
Ex-Cambridge professor dies week after resigning amid plagiarism allegations
Jason Arday, who was Cambridge's youngest Black professor, died in London on Friday, the school said.
Entertainment
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Entertainment
8/15: CBS Saturday Morning
Rain floods the Midwest as Lala looms over Hawaii. We look inside a spy satellite company. Plus, Putin's meeting with President Trump, a year later.
Elizabeth Cook sings "Girls of Atomic City"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Girls of Atomic City."
Elizabeth Cook takes us to "Sunset Promenade"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Sunset Promenade."
Elizabeth Cook sings "Razorwire Wall"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Razorwire Wall."
Jeff Daniels and Jared Harris on new film
Emmy-winner Jeff Daniels stars as President Ronald Reagan and Jared Harris portrays Soviet leader Mikhail Gorbachev in "The Brink of War," a film that portrays the two leaders at the 1986 Reykjavik Summit. Daniels and Harris share their experiences playing these two historical figures amid a period of high political tension.
Technology
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Technology
The silent spy game orbiting above Earth's skies
Above Earth's atmosphere, an arms race is unfolding. Thousands of miles above the ground, satellites from different companies and nations are observing us and each other. To learn more, Olivia Gazis traveled to Vantor, a Colorado-based satellite technology company.
Where to get the latest CBS Mornings Deals
On this edition of CBS Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
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.
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Using AI in your romantic relationships
AI is making its way into people's love lives - some say it has helped to improve their conversations while others have used it to end a relationship. Dr. Sue Varma discusses how to use AI properly, set boundaries and identify warning signs of becoming too emotionally dependent.
Science
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Science
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
How a total solar eclipse stopped a war
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Crime
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Crime
Mozart statuettes snatched in classical caper
To celebrate Mozart's 270th birthday this year, German artist Ottmar Hörl made 320 statuettes of the composer and his dog, Pimperl, placing them around Salzburg, Austria. However, the statuettes have been pilfered.
Italian art heist foiled
Five accused thieves are under arrest after police say they took $10 million worth of art from a private museum in an Italian villa.
Why did Luigi Mangione plead guilty?
Luigi Mangione pleaded guilty to two federal stalking charges in the killing of UnitedHealthcare CEO Brian Thompson, reading a statement aloud to the court. Anna Schecter reports.
5 people injured in shooting at Virginia State University
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
Luigi Mangione's Guilty Plea, Explained
A major development in the Luigi Mangione case: after previously pleading not guilty to federal stalking charges, Mangione changed his plea to guilty and also admitted to shooting United Healthcare CEO Brian Thompson. CBS News legal analyst Caroline Polisi and CBS News legal reporter Katrina Kaufman examine what changed, why the plea change matters, and what comes next in the state murder case.
Space
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New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
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Photos show celebrations at Obama Presidential Center
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Latest CBS News Videos
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Latest CBS News Videos
8/15: CBS Saturday Morning
Rain floods the Midwest as Lala looms over Hawaii. We look inside a spy satellite company. Plus, Putin's meeting with President Trump, a year later.
Elizabeth Cook sings "Girls of Atomic City"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Girls of Atomic City."
Elizabeth Cook takes us to "Sunset Promenade"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Sunset Promenade."
Elizabeth Cook sings "Razorwire Wall"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Razorwire Wall."
Janet Fash explains "Lifeguard: A Love Story"
Janet Fash made history when she became the first woman to serve as New York City's chief lifeguard. She joins "CBS Saturday Morning" to share stories from her new memoir, "Lifeguard: A Love Story."