MoneyWatch: Stocks swing on earnings reports
Major stock indexes ended Wednesday mostly flat despite gains early in the day. Wall Street Journal reporter Caitlin McCabe joins CBS News at the closing bell to discuss what is driving the market.
Major stock indexes ended Wednesday mostly flat despite gains early in the day. Wall Street Journal reporter Caitlin McCabe joins CBS News at the closing bell to discuss what is driving the market.
The NASDAQ ended Tuesday deep in the red after Netflix reported it lost subscribers for the first time in a decade. Michael Pachter, managing director of equity research at Wedbush Securities, joins CBS News at the closing bell to break down how Netflix is impacting the market and why it may not be as big an indicator as some may fear.
In MoneyWatch, the stock market fell following the release of the Labor Department's March Consumer Price Index. Consumer prices rose 1.2% last month, up 8.5% from the same time last year. Matt Stucky, a senior portfolio manager at Northwestern Mutual Wealth Management, joins CBS News with more on the impact.
The markets slid Wednesday largely due to the ongoing war in Ukraine, with the Dow closing in the red just one day after the yield curve briefly inverted for the first time since 2019. Brent Schutte, chief investment strategist of Northwestern Mutual Wealth Management Company, joins CBS News to discuss economists' concerns.
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.
Oil prices fell under $100 a barrel Tuesday. Tamar Essner, a principal at Vectis Energy Partners, joined CBS News to discuss.
President Biden announced the U.S. will ban Russian imports of oil. That announcement and other news surrounding Russia's war in Ukraine sent the stock market on a rollercoaster Tuesday. David Ragland, chief investment officer of IRC Wealth, joins CBS News at the closing bell to explain why days like these could be a good sign on Wall Street.
Stock markets saw big losses Monday as gas prices continue to rise and Russia's invasion of Ukraine sparks the potential for even more economic fallout. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, joins CBS News to discuss the ramifications.
The Dow Jones suffered significant losses on Tuesday as the war in Ukraine intensified. Escalating violence coupled with increased sanctions on Russia caused the price of oil to spike. Axios business reporter Hope King joins CBS News with more.
Russia's invasion of Ukraine sparked major turmoil in the global markets. David Waddell, chief investment strategist at Waddell and Associates, joins CBS News to discuss what the geopolitical drama could mean for the economy in the coming days.
The stock market closed down on the day President Biden announced sanctions, saying the Russian invasion of Ukraine was underway. Steve Odland, CEO of The Conference Board and the former CEO of Office Depot and Autozone, joins CBS News to discuss the impact the Russia-Ukraine conflict is having on the markets and the impact on consumer confidence.
Social media giant shed 26% of its value in Thursday trading after reporting its first decline in users.
It was another up-and-down day for the Dow Jones Industrial Average, ending up as the third straight day of gains after a mostly rough January. Mike Lewis, the head of U.S. equity cash trading at Barclays, joins CBS News with his insights.
The Federal Reserve signaled it's getting ready to raise interest rates as soon as March but will keep rates near zero for now. Jared Woodard, the head of the research investment committee of Bank of America Global Research, joined CBS News at the closing bell to discuss the announcement.
The Dow Jones bounced back late Tuesday after dipping more than 800 points during the day, while other major indexes ended the day down. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, joins CBS News to discuss the day's trading and what investors should be looking towards.
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
The shell company that plans to merge with former President Trump's new media platform is losing steam after a trading frenzy in the stock market last week. CBS MoneyWatch reporter Aimee Picchi joins CBSN's Tanya Rivero for more on the story.
The brokerage's often-young users get first dibs on investing in the company as IPO values the trading app at $32 billion.
Bumble has 42 million users and has expanded its business to include a network and friendship-building platform on its app separate from the dating aspect.
"We're taking the leadership here because there has been so little action on this front," CEO says.
Hope that pandemic can be halted propels Wall Street to its third weekly gain in the past four weeks.
Banks were profiting from illicit dealings with disreputable people and criminal networks, report alleges.
Wall Street rout gains traction as electric-car maker slides double digits following exclusion from benchmark index.
Benchmark index surpassed its previous record on February 19 amid expectations for an economic rebound in 2021.
S&P 500 back into positive terrain as well, though some analysts warn stocks are "vulnerable to disappointments."
Half the country says Trump is not fit to be president; Republicans call the trial unfair, according to CBS News poll.
Taylor Momsen, whose band The Pretty Reckless are opening for AC/DC, was performing in Spain when she was bit by a bat.
North Dakota Gov. Doug Burgum, a contender for Donald Trump's running mate, said Sunday that November's election will not be decided by the former president's guilty conviction in the New York "hush money" trial.
Three C-47 transport planes, a workhorse of World War II, dropped three long strings of jumpers, their round chutes mushrooming open in the blue skies with puffy white clouds.
While in office, Trump took issue with the social media app being controlled by a China-based parent company, trying unsuccessfully to ban the app in the U.S. with an executive order.
South Korea says it'll take strong retaliatory steps against North Korea over its launch of trash-carrying balloons across the border and other provocations.
Neighborhoods southwest of Tracy were ordered to evacuate Saturday because of a wind-whipped wildfire that has grown to 12,500 acres Sunday morning and closed part of Interstate Highway 580.
The problems began Friday morning, causing water problems at two hospitals, a city jail, a county jail and local shelters.
Nearly 100 million people are registered to vote in the race to replace outgoing President Andrés Manuel López Obrador.
Media magnate Rupert Murdoch, who is 93, married Elena Zhukova on Saturday.
On this "Face the Nation" broadcast, former U.S. Attorney for the Southern District of New York Preet Bharara and North Dakota Gov. Doug Burgum join Margaret Brennan.
A pilot suffered non life-threatening injuries after being pulled from a burning helicopter that crashed in New Hampshire.
You're not alone in being confused about whether biweekly means twice a week or every other week. Here's what the dictionary and experts say about definition confusion.
The historian notes the felony conviction of a former American president by a jury of peers, proving all are equal under the law, would never have taken place in countries ruled by authoritarians.
Media magnate Rupert Murdoch, who is 93, married Elena Zhukova on Saturday.
Authors complained for years that the organization was predominantly White — causing membership to plummet.
Costco hasn't raised the cost of its popular hot dog and soda combo in nearly 40 years, and it's not about to now, a senior exec says.
FCC calls on Congress for funding to restart program that helped low-income households get high-speed internet service.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
On this "Face the Nation" broadcast, former U.S. Attorney for the Southern District of New York Preet Bharara and North Dakota Gov. Doug Burgum join Margaret Brennan.
The following is a transcript of an interview with former commander of U.S. forces in the Middle East, retired General Frank McKenzie, on "Face the Nation" that aired on June 2, 2024.
While in office, Trump took issue with the social media app being controlled by a China-based parent company, trying unsuccessfully to ban the app in the U.S. with an executive order.
North Dakota Gov. Doug Burgum, a contender for Donald Trump's running mate, said Sunday that November's election will not be decided by the former president's guilty conviction in the New York "hush money" trial.
The following is a transcript of an interview with North Dakota Gov. Doug Burgum on "Face the Nation" that aired on June 2, 2024.
Even if someone has gone through a healing process with body image or their relationship with food, these challenges can "last a lifetime," a licensed mental health counselor tells CBS News.
Almost one in five survey responders had lost a family member or close friend to a drug overdose, researchers found.
The U.S. has ordered 4.8 million doses of vaccine to target bird flu in case the outbreak spreads in people.
Details of the FDA's proposal were published Friday ahead of a meeting next week.
The Mediterranean diet has long been regarded as a heart-healthy option, but a new study has found the diet may help reduce risk of death.
Taylor Momsen, whose band The Pretty Reckless are opening for AC/DC, was performing in Spain when she was bit by a bat.
Nearly 100 million people are registered to vote in the race to replace outgoing President Andrés Manuel López Obrador.
Three C-47 transport planes, a workhorse of World War II, dropped three long strings of jumpers, their round chutes mushrooming open in the blue skies with puffy white clouds.
South Korea says it'll take strong retaliatory steps against North Korea over its launch of trash-carrying balloons across the border and other provocations.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
Taylor Momsen, whose band The Pretty Reckless are opening for AC/DC, was performing in Spain when she was bit by a bat.
Cyndi Lauper was a pop music dynamo and MTV-favorite singer who later won a Tony Award for her songs for the stage musical "Kinky Boots." But she wanted more than to just have fun. The subject of a new documentary on Paramount+ called "Let the Canary Sing," Lauper talks with correspondent Anthony Mason about how music made her tumultuous home life better; how she had to be convinced about her breakout record, "Girls Just Want to Have Fun"; and about criticism from producer Quincy Jones that she was a "troublemaker."
"Sunday Morning" remembers some of the notable figures who left us this week, including NBA Hall of Famer and sportscaster Bill Walton.
When the "Jurassic Park" writer died in 2008, he left behind an unfinished novel about a volcanic eruption that imperils all life on Earth. Enter bestselling author James Patterson, tasked with completing Crichton's thriller.
Writer Michael Crichton, whose blockbuster novels, films and TV series included "Jurassic Park" and "ER," died in 2008, leaving behind an unfinished thriller about a volcanic eruption that imperils all life on Earth. Bestselling author James Patterson was tasked with completing Crichton's book, and now, 16 years later, "Eruption" is finally being unleashed in bookstores. Correspondent Tracy Smith talks with Patterson, and with Michael's widow, Sherri Alexander Crichton, about bringing back the voice of a master storyteller.
What was to be the maiden launch of the Boeing Starliner with astronauts on board was halted yet again Saturday, this time less than four minutes before liftoff, when a computer system triggered an automatic hold. A launch last month was also canceled due to various issues. Manuel Bojorquez has the latest.
All systems are go for a second attempted launch of Boeing's Starliner capsule on Saturday, making its maiden voyage to the International Space Station with two astronauts on board. Manuel Bojorquez reports from the Kennedy Space Center.
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.
ChatGPT developer OpenAI warns that state actors worldwide use generative artificial intelligence to run covert propaganda operations. The company told The Washington Post it found groups in Russia, China, Iran and Israel using its technology to build and launch social media campaigns. Gerrit De Vynck, tech reporter for The Post, joins CBS News to discuss.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
The British journalist and author of "Midnight in Chernobyl" returns with his exhaustively-researched new book about the 1986 space shuttle disaster.
A recent study from the University of Washington suggests that rising summer temperatures threaten triploid oysters, specifically bred in the 1970s to be more resilient to harsher environments. Despite that, researchers found that triploids die nearly 2.5 times faster than other oysters when under heat stress. Neil Thompson, geneticist for the U.S. Department of Agriculture Agricultural Research Service, joins CBS News to unpack the findings.
The New Caledonian fern, Tmesipteris oblanceolata, has more than 50 times more DNA packed into the nucleus of its cells than humans do.
Can the climate crisis be won as temperatures soar, oceans rise and air quality deteriorates? Former presidential candidate Tom Steyer thinks it can. The climate investor joins "America Decides" to discuss his new book "Cheaper, Faster, Better: How We'll Win the Climate War."
The spread of an avian flu virus in cattle has again brought public health attention to the potential for a global pandemic. Fighting it would depend, for now, on 1940s technology that makes vaccines from hens' eggs.
An early morning shooting in Akron, Ohio killed one person and injured two dozen people, some critically, police said.
Prosecutors say evidence, including damning cellphone searches and texts, led them to Tim Bliefnick for the February murder of Becky Bliefnick.
Police say a photographer and one-time contestant on "The Dating Game" was also a chameleon and a serial killer —perhaps the deadliest in U.S. history.
Two days after he was convicted of triple-murder, an Idaho jury on Saturday sentenced Chad Daybell to death in the 2019 killing of his first wife, Tammy Daybell, and the killings of the two youngest children of his now wife, Lori Vallow Daybell. In 2023, Vallow Daybell was also convicted in the murders of those two children and sentenced to life in prison.
Chad Daybell was sentenced to death in the murders of his wife, Tammy Daybell, and his then-girlfriend's children Joshua "JJ" Vallow and Tylee Ryan.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
The second attempt to send Boeing's Starliner crew capsule into orbit was canceled just minutes before it was set to launch on Saturday.
Nearly a month after a frustrating launch scrub, the Starliner and its two-person crew were initially cleared for a second attempt to reach orbit.
If you missed the fantastic display of the northern lights in May, you could soon have another chance. In early June, the active solar region responsible for those multi-colored hues in the night sky will be in prime position to generate solar storms impacting us on Earth. Ryan French, solar physicist with the National Solar Observatory, joins CBS News to explain.
Boeing is preparing to launch its crewed Starliner spacecraft on Saturday after having to scrub the plan twice before due to technical difficulties. CBS News space consultant Bill Harwood is following the preparations for Boeing's flight.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Scott Anderson, the director of UNRWA, the largest relief agency for Palestinian refugees, tells "Face the Nation" that what Palestinians are lacking are "just basic necessities that we all kind of expect." The "number-one concern," he added, is "access to clean drinking water."
Matt Pottinger served as deputy National Security Adviser under former President Donald Trump and resigned after Jan. 6, 2021, and later testified that national security was in harm that day and it gave ammunition to feed a narrative that our system of government doesn't work. Pottinger tells "Face the Nation" that "Election Day will be a referendum" if there is still faith in U.S. systems.
Retired Gen. Frank McKenzie, the former commander of the U.S. forces in the Middle East, writes in a new book that the withdrawal from Afghanistan, which was negotiated under former President Donald Trump and implemented under President Biden, was "one of the worst negotiating mistakes by the U.S." Both presidents, McKenzie tells "Face the Nation," shared a policy objective of leaving Afghanistan, regardless of the consequences."
North Dakota Gov. Doug Burgum, considered to be one of the contenders to be former President Donald Trump's running mate, tells "Face the Nation" that the 2024 election "is not going to turn on" Trump's conviction in New York.
Preet Bharara, the former U.S. Attorney for the Southern District of New York, tells "Face the Nation" that characterizations made by GOP Sen. Marco Rubio of Florida and fellow Republicans are "completely silly." "The trial, all aspects of the trial were done openly and in public," Bharara added.