Stocks jump amid signs Trump could scale back tariffs
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
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Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.
The U.S. stock market took a significant dip on Friday, fueled by a selloff in tech stocks. CBS News contributor Javier David breaks it down and looks ahead to 2025.
The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists' expectations. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. Albertsons is also suing the rival grocery chain, claiming Kroger willfully breached the merger agreement. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
TXSE Group aims to launch by 2026.
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Higher cocoa prices are hitting chocolate lovers' wallets. CBS News reporter Taurean Small explains what's driving the increase, and what chocolate brands are doing to adapt.
Trump Media & Technology Group sent a letter to Nasdaq warning that so-called "naked" short selling could be impacting its stock.
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Shares of former President Donald Trump's Truth Social rose 16% after the first day of trading on the Nasdaq exchange Tuesday. CBS News campaign reporter Jake Rosen has more on the publicly traded company.
Former President Donald Trump's Truth Social began trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again. CBS News' Lilia Luciano has more.
The tech-centric Nasdaq is closing at a new high, driven by enthusiasm for artificial intelligence. This milestone marks its first record peak since 2021.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
The images were sent to CBS News by active service members under condition of anonymity.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
Tuesday's hearing marked the first time that Patel has publicly addressed the new hiring standards related to prostitution, employment theft and bestiality.
The Iran war has cost the U.S. military at least $33.4 billion — most of it on munitions — and not including hundreds of millions more spent by other agencies, the Pentagon says.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Ukraine's Volodymyr Zelenskyy says Russia targeted his plane with drones as part of a campaign to intimidate him and other foreign leaders.
The previous votes have failed to stop President Trump from waging war with Iran.
The Supreme Court on Monday blocked the Postal Service from enforcing new mail voting rules ahead of the midterm elections.
Earlier Tuesday, a federal judge again blocked the board from adding President Trump's name to the facade of the building.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
The U.S. has so far not attributed the potential breach to a specific actor, but Iranian state media amplified the story in the weeks following the attack.
The previous votes have failed to stop President Trump from waging war with Iran.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
The typical U.S. household's annual earnings have risen only 2.5% since 2019, new data from the Census Bureau shows.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Millions of homeowners will face higher heating costs this winter because of surging global oil prices, according to a new forecast.
The previous votes have failed to stop President Trump from waging war with Iran.
The Justice Department is accusing several members of Russia's intelligence services of running a "global assassination network" that targeted Kremlin critics.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
The Supreme Court on Monday blocked the Postal Service from enforcing new mail voting rules ahead of the midterm elections.
Rep. Thomas Massie accused Defense Secretary Pete Hegseth of defying Congress with the Iran war, suppressing free speech and other offenses.
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
The U.S. has so far not attributed the potential breach to a specific actor, but Iranian state media amplified the story in the weeks following the attack.
The previous votes have failed to stop President Trump from waging war with Iran.
The Justice Department is accusing several members of Russia's intelligence services of running a "global assassination network" that targeted Kremlin critics.
The images were sent to CBS News by active service members under condition of anonymity.
The Congressional Budget Office estimated the war between Feb. 28 and Aug. 1 has directly cost the U.S. about $38 billion.
The rapper Macklemore was bumped from Ed Sheeran's U.S. concert tour for pro-Palestinian comments that some say crossed a line into prejudice. Now, four additional supporting acts have quit in solidarity and the headliner has addressed the controversy. Carter Evans reports.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Food & Wine reveals its list of "Best New Chefs" this week. One of those talents is Masako Morishita of Perry's Restaurant in Washington, D.C., who joins to discuss her career move from NFL cheerleader to D.C. food icon and share one of her favorite recipes.
Elin Hilderbrand, who wrote hit summer reads like "The Perfect Couple" and "28 Summers," joins "CBS Mornings" with her daughter Shelby Cunningham to discuss the latest book in their co-written The Academy Series, titled "The Thoroughbreds."
Bob Mackie, who bedazzled stars like Cher, Carol Burnett and Marilyn Monroe, died at 87. "CBS Mornings" looks back at some of his legendary looks.
The growing concerns over AI safety brought together two people from opposite sides of the political spectrum on Tuesday: Sen. Bernie Sanders and former Trump adviser Steve Bannon. Washington Post tech reporter Gerrit De Vynk joins CBS News to discuss where AI legislation stands.
Congress is reacting to warnings from AI leaders that the technology poses existential dangers. Rep. Bill Foster joins "The Daily Report" to discuss.
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.
Sen. Bernie Sanders and Steve Bannon are both pushing the Trump administration to regulate artificial intelligence as industry leaders warn of risks to humanity. CBS News' Caitlin Huey-Burns has more.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
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.
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
A 21-year-old Pennsylvania man has been arrested for allegedly plotting what could have been a "mass casualty attack" inspired by ISIS, federal officials say. CBS News' Anna Schecter has more.
In Washington state, investigators said they believe illegal fireworks, shot from the back of a pickup truck, sparked a nearly 10,000-acre deadly wildfire earlier this summer. Jason Allen reports.
A man racing a stolen Tesla down a crowded boardwalk hit a woman, setting off a wild chase involving lots of witnesses, including one recording it all on a pair of smart glasses. Jonah Kaplan reports.
The FBI said it thwarted a "mass casualty attack," inspired by ISIS, allegedly by a 21-year-old man in Pennsylvania. Agents allegedly tracked the young man to a hotel where they arrested him. It's the second ISIS-related plot to surface since August. Nicole Sganga reports.
A 21-year-old Pennsylvania man planned to carry out an ISIS-inspired "mass casualty attack" before being thwarted by the FBI, federal law enforcement officials say. CBS News' Anna Schecter has more.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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, 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.
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 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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Attorney General Todd Blanche told CBS News' Ed O'Keefe on Tuesday "of course" the White House will comply with a Supreme Court decision that keeps in place a lower court ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting.
Trump slams Supreme Court for blocking Postal Service rules for mail ballots; Congress reacts to AI safety warnings.
Ukrainian President Volodymyr Zelenskyy speaks with CBS News' Aidan Stretch about the state of the war, Russia's recent escalation, U.S. support and more.
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
The growing concerns over AI safety brought together two people from opposite sides of the political spectrum on Tuesday: Sen. Bernie Sanders and former Trump adviser Steve Bannon. Washington Post tech reporter Gerrit De Vynk joins CBS News to discuss where AI legislation stands.