Stocks plummet after interest rate hike
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
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The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
Stocks plummeted Friday, driven in part by inflation worries, the direction of the U.S. economy and concerns about another short-term interest rate hike. Michael George has more.
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 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.
Harvey Weinstein to spend first night behind bars after conviction; Pioneering NASA mathematician Katherine Johnson dies at 101.
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 Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
The brokerage's often-young users get first dibs on investing in the company as IPO values the trading app at $32 billion.
$8 billion in tax refunds on the line; Nasdaq hits new milestone; and Coke struggles with flat soda sales. These headlines and more from CBS MoneyWatch.
Snap could be worth $22B after IPO; Nasdaq notches record for 7 straight days; and Puzder removes himself from Labor Secretary nomination. These headlines and more from CBS MoneyWatch.
The summer doldrums are in full force, yet stocks keep climbing no matter what -- but that could change in September
The Dow, S&P 500 and Nasdaq rose together Thursday to record highs; retail sales were flat last month; and Arianna Huffington will leave the Huffington Post. These headlines and more from CBS MoneyWatch.
Investors embraced the Labor Department's stronger-than-expected employment report for July. The S&P 500 Index and the NASDAQ closed at record highs on Friday. CBS News business analyst Jill Schlesinger joins "CBS This Morning: Saturday" to explain what the jobs report tells about the economy and the significance of the Brexit decision.
Nasdaq's rise puts the tech-heavy benchmark back in the black for 2016; Starbucks is hiking some prices; and L.A. Rams sell out season tickets in just six hours. These headlines and more from CBS MoneyWatch.
Low gas prices are causing U.S. stocks to plummet yet again. Yahoo! finance columnist Rick Newman joins CBSN to discuss the global stocks concerns.
As U.S. stocks get hammered due to sliding oil prices, CBS Moneywatch's Jill Wagner joins CBSN from the floor of the New York Stock Exchange with the latest details.
Wall Street futures predict more losses after a sell-off to start the new year. The Dow Jones Industrial fell as much as 467 points on Monday, and the index ended with a loss of 276 points. It was the worst start to a year since the Great Recession of 2008. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss the implications for 2016.
The first trading day of the year is off to a rocky start as a global sell-off triggers a market dive,with stocks down in the triple digits. Belpointe chief strategist David Nelson joins CBSN with more insight on the markets.
It's been a tale of two coasts, with different types of extreme weather conditions hitting different spots of the country, impacting the economy in some places. Jericka Duncan reports from New York; Potholes are the bane of any American driver, but one man is filling his pockets with pothole profits. Don Dahler reports on how he is profiting from the asphalt craters.
A milestone has investors taking stock of the NASDAQ comeback. Last week, the tech-heavy index nearly hit 5000 - where it hasn’t been since the dot-com bubble burst 15 years ago. CBS News business analyst Jill Schlesinger explains the NASDAQ’s comeback, and why it’s important.
GoPro - the maker of the popular high-definition personal cameras - made its debut on NASDAQ Thursday, with shares up 30 percent at the end of trading. Plus, New York state courts made their final decision on large sodas. Jill Wagner reports on the morning's top money headlines.
A report showing consumer spending is slowing down led to a mixed finish for the financial markets. The Dow added 18 points, but the NASDAQ fell five. Several key economic reports will soon be released detailing the state of the nation’s construction and auto industries. Jericka Duncan reports.
The NASDAQ opens this morning after its steepest one-day drop since 2011. CBS News senior business correspondent Anthony Mason discusses the sell-off on Wall Street and tech stocks with the "CBS This Morning" co-hosts.
The Pentagon insists the Strait of Hormuz is open, but the threat to shipping is increasing, along with oil prices.
Defense Secretary Pete Hegseth told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
The Office of Personnel Management said it will "pseudonymize" medical records it collects on more than 8 million people — federal workers and retirees, and their family members.
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
Lawmakers claim Commissioner Frank Bisignano used an agency email to exaggerate tax savings under the Republicans' OBBBA while inserting partisan political messaging.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
U.S. forces launched a new round of airstrikes against Iran at the direction of President Trump following the deaths of three U.S. soldiers in an Iranian strike in Jordan.
New York City Mayor Zohran Mamdani conceded late Tuesday that the city does not have the authority to arrest Israeli Prime Minister Benjamin Netanyahu.
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
The crash in 1952 killed 52 people and led to requirements for the passenger safety briefings given on every commercial flight.
Lawmakers claim Commissioner Frank Bisignano used an agency email to exaggerate tax savings under the Republicans' OBBBA while inserting partisan political messaging.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
New York City Mayor Zohran Mamdani conceded late Tuesday that the city does not have the authority to arrest Israeli Prime Minister Benjamin Netanyahu.
ChatGPT maker OpenAI says its artificial intelligence system hacked into another AI company on its own in what the company called an "unprecedented cyber incident."
Lawmakers claim Commissioner Frank Bisignano used an agency email to exaggerate tax savings under the Republicans' OBBBA while inserting partisan political messaging.
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Three in four American households lack the wealth to weather financial setbacks and achieve major life milestones.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
The Office of Personnel Management said it will "pseudonymize" medical records it collects on more than 8 million people — federal workers and retirees, and their family members.
New York City Mayor Zohran Mamdani conceded late Tuesday that the city does not have the authority to arrest Israeli Prime Minister Benjamin Netanyahu.
Former sheriff Mark Lamb was running against construction business owner Daniel Keenan in Arizona's 5th Congressional District Republican primary.
Trump-endorsed Rep. Andy Biggs will take on Democratic Arizona Gov. Katie Hobbs in November.
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
The Office of Personnel Management said it will "pseudonymize" medical records it collects on more than 8 million people — federal workers and retirees, and their family members.
Health Secretary Robert F. Kennedy Jr. made his first public comment on the growing cyclosporiasis outbreak on Tuesday, declaring it under control and denying that cutbacks to monitoring activities have hurt U.S. food safety. Carter Evans reports.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Melinda French Gates recalled to Norah O'Donnell on "Healthful" that she started getting perimenopause symptoms in her early 40s. "I kind of couldn't believe it because I just finished having my last child in my late 30s," French Gates said. French Gates added it took three doctors to diagnose her symptoms and to get her the right treatments.
The Pentagon insists the Strait of Hormuz is open, but the threat to shipping is increasing, along with oil prices.
All four daughters share 100 percent of their DNA after a single fertilized egg split into four embryos, making the pregnancy a one-in-15-million occurrence.
Ukraine's President Volodymyr Zelenskyy announced that he will replace the commander-in-chief of the armed forces as a government shakeup continues.
Some 1,700 pounds of cocaine was concealed in a refrigerated container from Ecuador among dozens of pallets of bananas, police said.
A retired Jordanian general tells CBS News Iran is "developing techniques and capacities" to target U.S. forces with increasing lethality.
Christopher Nolan's "The Odyssey" has made history as the first feature-length film shot entirely on 70mm IMAX cameras. Jay Holben, technical editor for the American Cinematographer, joins CBS News to discuss.
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
Josh Duhamel talks with "CBS Mornings" about starring in "Ransom Canyon," how much he knew about ranch life before the show and his growing family.
Oprah Winfrey announced she's expanding her podcast, "The Oprah Podcast." Starting on Tuesday, two new episodes will drop weekly. She spoke to "CBS Mornings" co-host Gayle King about her decision and revealed more about the guests she's had appear on the podcast.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
ChatGPT maker OpenAI says its artificial intelligence system hacked into another AI company on its own in what the company called an "unprecedented cyber incident."
On this edition of CBS Mornings 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.
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.
An AI expert said the telltale signs people once relied on, such as distorted fingers, unnatural eyes, or other obvious visual flaws, have largely disappeared as technology has improved.
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
A multi-day hearing began Tuesday in Los Angeles where the singer known as D4vd is facing murder and other felony charges in the death of a teenage girl. CBS News' Gwen Baumgardner and Jessica Levinson have the latest.
A veteran was arrested for allegedly setting off fireworks and starting a fire in front of a Manhattan building that houses several federal offices, including ICE, the FBI says. CBS News' Anna Schecter shares more details.
Some 1,700 pounds of cocaine was concealed in a refrigerated container from Ecuador among dozens of pallets of bananas, police said.
Two Greek American tourists were stabbed near the Acropolis in Athens, Greece, police said. CBS News' Anna Coren has more.
More details are emerging about the Army veteran accused of starting a fire outside a federal building in lower Manhattan on Monday. CBS News' Tom Hanson has more.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Melinda French Gates is focusing her money and attention on improving women's healthcare in America. In Healthful's first episode, French Gates tells Norah O'Donnell why it took three doctors to catch her perimenopause and shares the three simple things that keep her healthier than ever. We'd love to hear what topics you want covered on Healthful. Text Norah at 202-217-1107
Lung cancer has surpassed breast cancer as the leading cause of cancer deaths in American women—and a growing share of new cases are in women who have never touched a cigarette. Anne Wojcicki's sister, former YouTube CEO Susan Wojcicki, was one of them. In this episode of HEALTHFUL, Norah O'Donnell sits down with Anne, Dr. Kim Sandler, Director of the Vanderbilt Lung Screening Program, and Shira Kupperman Boehler—a lifelong nonsmoker and daily runner diagnosed with lung cancer at 44—to discuss why lung cancer is becoming one of the most urgent, and least understood, threats to women's health. We'd love to hear what topics you want covered on Healthful. Text Norah at 202-217-1107
While the three astronauts of Apollo 11 received the bulk of the attention for landing on the moon in 1969, 400,000 people worked behind the scenes to make it happen. Randall Pinkston reported on one of those important people back in 2009.
The FDA is still hunting for the source of the cyclosporiasis outbreak after earlier test results proved to be a false positive. Dr. David Acheson, who has more than 40 years of medical and food safety experience, joins CBS News to discuss the issue.
The U.S. launched an 11th consecutive night of strikes against Iran on Tuesday. CBS News' Weijia Jiang reports on Defense Secretary Pete Hegseth's earlier testimony about the Pentagon's request for additional funding. Then, Washington Post national security reporter Noah Robertson joins with analysis.