Stocks fall as House Speaker Nancy Pelosi lands in Taiwan
Financial markets wobble amid investor concerns that the House speaker's visit could heighten U.S.-China tensions.
Inflation
Robinhood slashes 23% of its workforce amid trading slump
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
Tips for asking for a pay raise
Some analysts say now is the time for employees to be asking for a pay raise. CBS MoneyWatch reporter Megan Cerullo joins Debra Alfarone and David Begnaud to discuss why and review tips for asking for a salary increase - plus what to do if your employer says no.
Job openings fall as the U.S. economy shrinks
American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.
Weighing the state of the U.S. economy
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
Auto insurance costs are going up
Auto insurance prices are going up as inflation rises, but the increase is happening more for drivers in certain metro areas. Bankrate.com analyst Sarah Foster explains what is behind the increase and what drivers can do to save money.
Overall health of the U.S. economy
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
Tips on saving money as prices climb
As inflation rises, many Americans are looking at ways to save money where they can. E. Napoletano, contributor at Forbes Advisor, joins CBS News with advice on how to save as the U.S. heads toward a possible recession.
Initial jobless claims fall slightly
The latest Labor Department report shows that new unemployment filings fell to 231,000 for the week of June 25, down 2,000 from the previous week. CBS News' Vladimir Duthiers and Anne-Marie Green sit down with Kathryn Gill, a reporter for The Wall Street Journal, to discuss these figures and other developments in the U.S. labor market and economy.
What to do with your 401(k) in bear market
High inflation and fears of a recession have many Americans wondering what to do with their 401(k) retirement investments. Those fears have been magnified by U.S. stocks falling by at least 20% from their most recent peak in January. CBS News MoneyWatch reporter Aimee Picchi joined CBS News' Errol Barnett and Debra Alfarone to discuss.
Deutsche Bank forecasts U.S. recession
Deutsche Bank is forecasting the U.S. will see a recession next year. The company's Global Head of Economic Research Peter Hooper spoke with CBS News' Tanya Rivero and Mola Lenghi about the new report.
Wall Street looks to recover losses
Inflation and rising interest rates are affecting stocks and increasing fears about a possible U.S. recession. Joe Saluzzi, co-founder and partner with Themis Trading, joined CBS News to discuss what to expect from the markets in the coming weeks.
Possibility of economic recession looms
The possibility of a recession is looming large, as the Federal Reserve raises interest rates in the hopes of driving down inflation. President Joe Biden's critics argue he's not doing enough to address the issue and say rate hikes could cause more economic turmoil. Rick Newman, senior columnist with Yahoo Finance, joined CBS News to discuss some ways to lower consumer costs and prevent an economic downturn.
MoneyWatch: What report says about economy
The U.S. added 431,000 jobs in March as the unemployment rate dropped to 3.6%. Friday's jobs report also showed wages grew 5.6% in the past year. Sarah House, a senior economist at Wells Fargo, joined CBS News after the closing bell on Wall Street to discuss what this signals for the future of the U.S. economy.
Rents rising across the U.S.
Rent in the U.S. is rising at the fastest rate in decades. According the Washington Post, the average cost of rent increased 11.3% in 2021. Washington Post U.S. economy reporter Ahba Bhattarai joins CBS News to discuss what is causing the increase and who is most impacted by it.
MoneyWatch: Markets tumble after rate hike
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
Businesses' hidden inflation fees
Amid historic inflation many companies are using hidden fees to increase profits. CBS News MoneyWatch reporter Irina Ivanova has more on how consumers can combat surprise charges.
Jobs report shows stronger growth
The U,S. added 372,000 new jobs in the month of June according to the latest report from the Labor Department. Axios business reporter Hope King joined CBS News to discuss this stronger than predicted growth.
April jobs report is "good news" for economy
Wendy Edelberg, director of The Hamilton Project and senior fellow at Brookings, joins CBS News at the closing bell Friday to discuss what's driving the market. She also explains why she thinks the April jobs numbers are a good sign for the U.S. economy.
Stock market and inflation concerns
Sarah Henry, managing director and portfolio manager at Logan Capital Management, joins CBS News at the closing bell on the New York Stock Exchange to break down what's driving the market, and how inflation is impacting consumers.
Yellen: inflation hit "unacceptable levels"
In MoneyWatch, Treasury Secretary Janet Yellen is testifying before the Senate Finance Committee today. Her appearance on Capitol Hill is slated to discuss the Biden administration's plans for the 2023 fiscal budget. Reuters Senior Correspondent Andrea Shalal joins CBS News for more.
MoneyWatch: Fed announces interest rate hike
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
Inflation's impact on retirement funds
New figures from the Bureau of Labor Statistics show inflation slowed in April for the first time since August. But the Dow ended the day down more than 300 points. Michael Rosen, managing partner and chief investment officer at Angeles Investments, joins CBS News to discuss the impact inflation coupled with the falling stock and bonds markets have had on Americans' pensions and retirement funds.
Recession fears and employment trends
CBS News' Tanya Rivero and Elaine Quijano discuss the current state of the economy with Frances Stacy, the director of portfolio strategy at Optimal Capital. She talks about what's driving the markets, a recent report released by the U.S. Department of Labor, and rising recession concerns.
Small businesses struggle with inflation
The U.S. Commerce Department reported last month that major corporations were extremely profitable in 2021. But small business owners say they are struggling to compete as prices continue to rise. CBS News reporter Sarah Ewall-Wice joins Elaine Quijano to discuss.
Live
Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Exclusive
Details revealed on where Cole Allen is being held in D.C. jail complex
Cole Allen, 31, is charged with attempting to assassinate President Trump and two firearms-related offenses stemming from the shooting at the White House Correspondents' Dinner on Saturday night.
Exclusive
Confrontation between officers and alleged shooter at D.C. gala lasted 7 seconds
Seven seconds passed between when the alleged gunman at Saturday's White House Correspondents' Dinner — carrying a shotgun initially concealed by a jacket — first encountered federal law enforcement and when he was subdued, sources told CBS News.
Trump signs bill funding DHS, ending record-breaking 76-day shutdown
The longest shutdown of a federal department in U.S. history came to an end on Thursday when President Trump signed a bill to fund most of the Department of Homeland Security following a breakthrough on Capitol Hill.
Exclusive
New White House drug abuse strategy floats wastewater testing, AI, more treatment
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Trump drops Casey Means as surgeon general nominee, names Nicole Saphier
President Trump picked Dr. Nicole Saphier as his new nominee for surgeon general, and blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Louisiana suspends House primaries for May 16 elections
Louisiana Secretary of State Nancy Landry said Thursday that the state will suspend its May 16 House primaries in the wake of the Supreme Court striking down the state's Congressional map.
U.S.
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2 employees killed in Kentucky bank robbery, suspect at large, police say
Kentucky State Police said a man went to a U.S. Bank in Brea, Kentucky, and shot and killed a man and a woman, both employees at the bank.
5 wounded in possible stabbing attack at Washington high school
The suspect, a student, was detained at the scene, police said.
Texas mother of 4 released from ICE custody after more than a month in detention
Meenu Batra, a single mother of four adult U.S. citizens, was arrested on March 17 by federal immigration officers while traveling for a work trip.
"Ozempic breath" is boosting Hershey's sales of mints and gum
Hershey says it's benefiting from the growing use of GLP-1 weight-loss drugs even as people cut down on snacks. Here's why.
Trump officials flew on 1st non-stop commercial flight from US to Venezuela in years
The trip comes nearly four months after U.S. forces seized Rodríguez's predecessor, Nicolás Maduro, and his wife in a daring special forces raid.
MoneyWatch
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"Ozempic breath" is boosting Hershey's sales of mints and gum
Hershey says it's benefiting from the growing use of GLP-1 weight-loss drugs even as people cut down on snacks. Here's why.
Spotify's new badge identifies human artists, as AI music floods in
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
Thermos recalls 8.2 million containers after stoppers caused vision loss
The Thermos Stainless King Food Jars and Thermos Sportsman Food & Beverage Bottles were sold at Walmart, Target and Amazon.com.
Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Politics
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Exclusive
New White House drug abuse strategy floats wastewater testing, AI, more treatment
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Exclusive
Confrontation between officers and alleged shooter at D.C. gala lasted 7 seconds
Seven seconds passed between when the alleged gunman at Saturday's White House Correspondents' Dinner — carrying a shotgun initially concealed by a jacket — first encountered federal law enforcement and when he was subdued, sources told CBS News.
Trump officials flew on 1st non-stop commercial flight from US to Venezuela in years
The trip comes nearly four months after U.S. forces seized Rodríguez's predecessor, Nicolás Maduro, and his wife in a daring special forces raid.
What states could try to redistrict and add more GOP seats
The Supreme Court's ruling on Wednesday about Louisiana's congressional map could have implications for several states as it narrowed the section of the Voting Rights Act about majority-minority districts.
Iran war's true cost closer to $50 billion, not $25 billion, U.S. officials say
A Pentagon official publicly placed the Department of Defense's cost for Operation Epic Fury at $25 billion.
HealthWatch
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Exclusive
New White House drug abuse strategy floats wastewater testing, AI, more treatment
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
"Ozempic breath" is boosting Hershey's sales of mints and gum
Hershey says it's benefiting from the growing use of GLP-1 weight-loss drugs even as people cut down on snacks. Here's why.
Funding cuts for fentanyl test strips raise concerns: "It doesn't make sense"
Test strips cost about $1 each and can be used to check drugs for dangerous contaminants, including fentanyl and xylazine.
Trump drops Casey Means as surgeon general nominee, names Nicole Saphier
President Trump picked Dr. Nicole Saphier as his new nominee for surgeon general, and blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
World
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U.K. raises terrorism threat level to "severe" after stabbing attack
The U.K. has raised its national threat level from "substantial" to "severe," citing the increasing threat of Islamist and extreme right-wing terrorism in the country.
Trump officials flew on 1st non-stop commercial flight from US to Venezuela in years
The trip comes nearly four months after U.S. forces seized Rodríguez's predecessor, Nicolás Maduro, and his wife in a daring special forces raid.
Jewish Londoners describe "utter horror" and living in fear after latest attack
"We've been warning about this for a long time," one local resident told CBS News. "It's like a tsunami — you see the smaller waves before the big one hits."
Tina Brown: King showed U.S.-U.K. ties are "bigger than current politics"
CBS News contributor Tina Brown said King Charles' address to Congress during his visit to the U.S. showed "the meaning of monarchy."
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Entertainment
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Entertainment
A look at Spencer Pratt's mayoral campaign
Spencer Pratt, who starred in the mid-2000s reality TV show "The Hills," released a new ad in his campaign for Los Angeles mayor that's getting attention online. CBS News political director Fin Gómez joins with analysis.
Stars preview "Devil Wears Prada 2"
Meryl Streep, Anne Hathaway, Emily Blunt and Stanley Tucci are reprising their iconic roles for "The Devil Wears Prada 2" 20 years after the original film was released. The stars speak to "CBS Mornings" co-host Gayle King and give an inside look at the movie.
Eliminated survivor contestant on new twist
(Warning: Spoilers ahead!) The fifth member of the "Survivor 50" jury, who was eliminated during Wednesday's episode, talks about being voted off and a huge twist in the game.
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
New details in case against singer D4vd
Musician D4vd was in a Los Angeles court on Wednesday as prosecutors laid out a timeline and highlighted new details in their case against him in the murder of Celeste Rivas Hernandez. The singer has pleaded not guilty to the charges. Warning, the details in this story are disturbing.
Technology
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Technology
Elon Musk concludes testimony in OpenAI trial
Elon Musk's testimony concluded Thursday in his lawsuit against OpenAI. Nicholas Thompson, CEO of The Atlantic and host of "The Most Interesting Thing in AI" podcast, joins "The Takeout" with analysis.
Elon Musk cross-examined in OpenAI trial
Elon Musk was cross-examined in his lawsuit against OpenAI on Thursday. In testimony on Wednesday, he said he was "a fool" for funding OpenAI. He is accusing OpenAI and its CEO, Sam Altman, of betraying him and the public by abandoning its core mission as it transitioned from a nonprofit to a for-profit company. WIRED senior writer Maxwell Zeff 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.
Spotify's new badge identifies human artists, as AI music floods in
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
Fin Gómez on correspondents' dinner shooting
CBS News political director and executive director of politics and White House Fin Gómez reflects on the White House Correspondents' Dinner attack on "The Daily Report," saying he was proud of "our fellow colleagues."
New details on Greg Biffle theft
Within hours of the plane crash that killed Hall of Fame NASCAR driver Greg Biffle, along with his wife and kids, authorities say someone was trying to break into his accounts and steal his money. Mark Strassmann has more details from police.
NYT reveals possible Epstein suicide note
The New York Times reported that the late convicted sex offender Jeffrey Epstein may have left a suicide note following an earlier incident about three weeks before his death. However, that note has been sealed in a separate case for nearly seven years and remains out of public view. Meg Oliver reports.
New details about correspondents' dinner
The man accused of trying to assassinate President Trump last weekend appeared in court on Thursday as new details are still emerging about the attack at the White House Correspondents' Dinner. Caitlin Huey-Burns reports.
Powerful blast sends officers into the air
Police say a man forced his way into a home in the New York City borough of Queens, where his family was, and then, when police arrived, he intentionally set off an explosion. Tom Hanson reports.
Space
More Space
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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
Hegseth testifies on Iran war at Senate hearing
Defense Secretary Pete Hegseth testified before the Senate Armed Services Committee on Thursday, facing intense questioning from Democrats on the Pentagon budget, the war with Iran and more. These are some of the most notable exchanges from the hearing.
Breaking down OPEC and its influence
President Trump gave his endorsement to the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries, or OPEC, on Wednesday. "The Daily Report" breaks it down.
Why did Saudi Arabia pull LIV Golf funding?
LIV Golf is seeking new backers after Saudi Arabia's public investment fund announced it will be pulling its funding at the end of the season. Gabby Herzig, a staff writer at The Athletic, joins "The Daily Report" to discuss.
Fin Gómez on correspondents' dinner shooting
CBS News political director and executive director of politics and White House Fin Gómez reflects on the White House Correspondents' Dinner attack on "The Daily Report," saying he was proud of "our fellow colleagues."
Analyst breaks down economy amid Iran war
The national average gas price is up to $4.30 per gallon, the highest in four years, as President Trump said Thursday that gas prices "will drop like a rock" when the Iran war ends. Ted Rossman, principal analyst at Bankrate, joins "The Daily Report" with more.