Powell's comments spark stock market sell-off
It was another volatile day on Wall Street after comments from Federal Reserve Chair Jerome Powell, who spoke at the Economic Club of Chicago. Kelly O'Grady explains.
Inflation
Fed chair warns tariffs could cause inflation
Stocks fell sharply on Wednesday due in part to tariff concerns. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Federal Reserve Chair Jerome Powell's warning about tariffs.
Mar 12: CBS News 24/7, 1pm ET
Trump's 25% tariffs on steel and aluminum take effect, prompting EU and Canada to retaliate; NASA set to bring astronauts home after eight-day mission turned into nine months.
Mar 12: CBS News 24/7, 10am ET
Inflation rate hits 2.8% in February, less than expected; SpaceX Crew 10 mission set for launch, could pave way for return of Starliner astronauts.
Bond market signals tariffs' economic impact
While U.S. stocks ended Friday on a high note following a week of volatile trading tied to President Trump's tariffs, the bond market likely pushed the president to implement a 90-day pause. Bill Cohan, Wall Street author for Puck, joins "America Decides" to explain.
White House defends Trump's tariff strategy
The U.S. and China are refusing to back down as the world's largest economies ramp up trade tensions. China announced Friday that it would raise its retaliatory tariffs on American goods to 125%. The move comes after the Trump administration raised import taxes on some Chinese goods to 145%. CBS News' J.D. Durkin, Willie James Inman and BBC reporter Nick Marsh have the details.
Stocks close up on hopes of tariff deals
After a tumultuous week, the Dow Jones closed more than 600 points up on Friday as investors expressed hope that countries would reach deals with President Trump on tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
U.S. consumer sentiment plunges in April as trade war fuels anxiety
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
Egg prices reach record high before Easter
The average cost of a dozen eggs rose to a record $6.23 in March, according to the Bureau of Labor Statistics. The price hike comes right before the Easter holiday, when American families take part in the egg-dyeing tradition. CBS News' Michael George reports on some creative takes to beat inflation prices for the holiday.
Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
San Antonio mayor on Trump's tariffs
Some of America's biggest cities that export goods to neighboring countries, like Mexico and Canada, are concerned about what President Trump's new tariffs mean for their local economies. San Antonio Mayor Ron Nirenberg joins "The Daily Report" to discuss.
Trump acknowledges tariff "transition cost"
The stock market slid Thursday, even as the White House said dozens of countries were coming to the table to talk about tariffs. President Trump acknowledged that there would be what he calls "transition problems" with his economic policies. CBS News' Kelly O'Grady and Willie James Inman report.
USPS looks to raise price of "forever" stamp to 78 cents
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
Trump touts new inflation data
New Consumer Price Index inflation data shows a slight cooling in March but experts say the numbers may not depict the impact of President Trump's latest tariff moves. CBS MoneyWatch correspondent Kelly O'Grady reports.
Money experts give their advice
Is there any good news that have come from the implemented tariffs? CBS News' Jill Schlesinger and Kelly O'Grady give their thoughts and advice on how to respond to President Trump's tariffs.
Answering your questions about tariffs
President Trump's tariffs on China are up to 125%. Meanwhile, President Trump announced that most "reciprocal" tariffs are paused for 90 days. CBS News' Jill Schlesinger and Kelly O'Grady answer viewers' questions about how tariffs will impact them.
Federal Reserve's Neel Kashkari on tariffs
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
What to know about the Trump tariffs so far
The tariff announcements and policy updates out of the White House have been changing rapidly. CBS News MoneyWatch correspondent Kelly O'Grady gives an overview. And one of the biggest beneficiaries of the "reciprocal" tariffs may be the U.S. resale market. Poshmark CEO Manish Chandra joins "The Daily Report" to discuss. Then, CBS News' O'Grady and Jill Schlesinger answer your questions.
Why Trump paused tariffs for most nations?
Since the Trump administration announced sweeping new tariffs, there's been mixed messaging from the White House. President Trump announced Wednesday that higher levies on the vast majority of America's trading partners will be paused for 90 days. CBS News' Weijia Jiang, Jill Schlesinger and Kelly O'Grady report and answer viewer questions.
Economists on Trump's tariffs pause
President Trump walked back his "reciprocal" tariffs Wednesday, announcing that higher levies on most nations will be put on pause for 90 days. Gene Sperling is the former director of the National Economic Council and assistant to the president for economic policy under former Presidents Bill Clinton and Barack Obama and was a senior adviser to former President Biden. Vance Ginn was the chief economist for the White House's Office of Management and Budget during President Trump's first term. They join "The Daily Report" with analysis.
Abigail Spanberger talks gubernatorial race
Virginia voters are seven months away from electing their next governor in a race that's already seen record-breaking fundraising. Democratic candidate Abigail Spanberger joins "America Decides" to discuss the historic race between her and the commonwealth's lieutenant governor.
How tariffs could affect grocery prices
Americans' grocery bills could be higher due to President Trump's tariffs. Supermarketguru.com editor Phil Lempert joins CBS News to discuss how tariffs will "change what we buy."
What Trump's tariffs mean for stockholders
Stocks plunged for a second day on Friday following President Trump's tariff announcement, with the Dow Jones down 2,200 points and the S&P 500 and Nasdaq seeing the worst back-to-back drops since 2020. CBS News' Kelly O'Grady and Fin Gómez have more.
Wholesale egg prices are falling. Will consumers see some relief?
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
Stocks tumble for second straight day
Wall Street took another dive on Friday as the fallout from President Trump's steep tariffs continued. CBS News' John Dickerson anchors a special report.
Live
Pentagon says about 140 U.S. service members wounded since Iran war began
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Iran signaling it may deploy mines to disrupt Strait of Hormuz, U.S. sources say
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
Exclusive
DOJ's Alex Pretti probe excludes prosecutors who specialize in civil rights, sources say
Rank-and-file career prosecutors in the Justice Department's Civil Rights Division cases are not involved in investigating Alex Pretti's shooting death by federal agents, CBS News has learned, in a stark departure from historical practice.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
Bam Adebayo passes Kobe Bryant for 2nd-most points in single NBA game
Bam Adebayo scored 83 points, the second-most in a game in NBA history, and set records for most free throws taken and made on Tuesday.
Exclusive
TSA absences at airports double during shutdown, 300 officers quit
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
Fuller, Harris head to Georgia runoff, CBS News projects
Shawn Harris and Clayton Fuller advance to a runoff election to fill Marjorie Taylor Greene's seat.
U.S.
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Suspected tornadoes damage homes and knock down trees, power lines in Illinois, Indiana
Officials say a large tornado south of Chicago downed trees and power lines and overwhelmed the 911 center with emergency calls.
Bam Adebayo passes Kobe Bryant for 2nd-most points in single NBA game
Bam Adebayo scored 83 points, the second-most in a game in NBA history, and set records for most free throws taken and made on Tuesday.
Jan. 6 police responders ask judge to let lawsuit over plaque in Capitol proceed
Former Capitol Police Officer Harry Dunn and D.C. Police Officer Danny Hodges argue the installation of a commemorative Jan. 6 plaque in a low-visibility spot in the U.S. Capitol violates the law.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
Exclusive
TSA absences at airports double during shutdown, 300 officers quit
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
MoneyWatch
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Can the president bring down gas prices? 5 options available to Trump.
Gas prices in the U.S. have surged roughly 20% since the attack on Iran. Read on to see what measures the Trump administration could take to offer relief.
Oil prices are falling — gas prices aren't. Here's why.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
Could tapping the Strategic Petroleum Reserve lower gas prices?
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
JetBlue ground stop lifted soon after it began
Shortly after all JetBlue flights were grounded by the FAA due to what the agency said was a JetBlue request, the carrier said it had resumed operations.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Politics
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Jan. 6 police responders ask judge to let lawsuit over plaque in Capitol proceed
Former Capitol Police Officer Harry Dunn and D.C. Police Officer Danny Hodges argue the installation of a commemorative Jan. 6 plaque in a low-visibility spot in the U.S. Capitol violates the law.
Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
Voting ends in Georgia special election to replace Marjorie Taylor Greene
Voters in northwest Georgia headed to the polls all day to have their say in who will replace Marjorie Taylor Greene in Congress.
Exclusive
TSA absences at airports double during shutdown, 300 officers quit
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
Exclusive
DOJ's Alex Pretti probe excludes prosecutors who specialize in civil rights, sources say
Rank-and-file career prosecutors in the Justice Department's Civil Rights Division cases are not involved in investigating Alex Pretti's shooting death by federal agents, CBS News has learned, in a stark departure from historical practice.
HealthWatch
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Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
A Pilates teacher thought she had the flu. Doctors found aggressive cancer
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
World
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At least 6 killed in bus fire that may have been "deliberate," Swiss police say
Police are investigating after a fire on a regional bus in Kerzers, west of Switzerland's capital, killed at least six people.
White House aware of Gulf countries' fears about interceptor shortage, sources say
The Gulf states have said they're running dangerously low on missile interceptors and have asked the U.S. to expedite new supplies, CBS News previously reported.
Iran signaling it may deploy mines to disrupt Strait of Hormuz, U.S. sources say
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
How the Iran war reached Europe, via the small, divided island of Cyprus
When it comes to European Union territory, you can't go much further east than Cyprus. So far east, in fact, that it's within reach of Iran's weapons.
Team USA's Oksana Masters wins 11th Paralympic gold medal
The most decorated American Winter Paralympian had her left leg amputated at age 9 and her right leg amputated at age 14.
Entertainment
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Entertainment
Dorrance on preserving tap dancing history
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
Brenda Bufalino on evolution of tap dancing
American tap dancer Brenda Bufalino talks to CBS News chief medical correspondent Jon LaPook about the many ebbs and flows of the art form and reflects on her career.
Michelle Pfeiffer on "The Madison" series
Michelle Pfeiffer talks with "CBS Mornings" about starring alongside Kurt Russell in "The Madison." She describes how she decided to take on the character and explains after decades in the entertainment industry why she still gets nervous in new roles.
Details on Live Nation's settlement with DOJ
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
Latest on shots fired at Rihanna's home
A woman has been arrested for allegedly firing several shots Sunday at the Beverly Hills home of pop music star Rihanna. CBS News Los Angeles' Tina Patel reports.
Technology
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Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
The evolution of Apple over 50 years
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
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.
Overusing artificial intelligence can give workers "AI brain fry," study finds
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
Apple turns 50, in a world it helped create
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Crime
New details about ISIS-inspired attack
New video has emerged of fuses being bought at a Pennsylvania fireworks store by one of the suspects accused of throwing explosive devices outside the New York City mayoral residence. CBS News national correspondent Jericka Duncan has more.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
No harmful substances in NYC suspicious package
New York City police have given the all clear after concluding a suspicious package found near Gracie Mansion, the official residence of Mayor Zohran Mamdani, was harmless.
Shots fired at U.S. consulate in Toronto
Shots were fired outside of the U.S. consulate in Toronto, Canada, early Tuesday morning, police said. CBS News' Shanelle Kaul has more.
Suspicious package near NYC mayor's residence
There is a heavy police presence near New York City's Gracie Mansion, the official residence of New York City Mayor Zohran Mamdani, as officials investigate a suspicious package found in the area. CBS News' Shanelle Kaul has more.
Space
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1,300-pound NASA satellite set to crash down to Earth
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Debate on tapping Strategic Petroleum Reserve
With oil exports through the Strait of Hormuz halted, the International Energy Agency is meeting with G7 countries about whether they should tap their strategic petroleum reserves. CBS News reporter Kati Weis is following the debate.
Red flags for hospice fraud across Los Angeles
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing. Adam Yamaguchi reports.
Suspect in shooting at Rihanna's home in court
A woman accused of firing multiple high-powered rounds from an assault rifle at the home of Rihanna appeared in court Tuesday, initially entering a not guilty plea before withdrawing it. The arraignment was eventually postponed. Carter Evans reports.
3/10: The Takeout with Major Garrett
War continues in Iran as Defense Secretary Pete Hegseth promises "most intense day of strikes"; costs of war's first days revealed.
What happened with Iranian women's soccer team
Five members of the Iranian national women's soccer team sought asylum in Australia after refusing to sing Iran's national anthem before a match. Elizabeth Palmer has details.