Nasdaq, S&P 500 notch new highs as investors bank on vaccine
Hope that pandemic can be halted propels Wall Street to its third weekly gain in the past four weeks.
Watch CBS News
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.
Uncertainty over the global response to the coronavirus outbreak saw stocks plummet in Asia and Europe. As the U.S. markets prepare to open, futures paint a gloomy picture. CBS News business analyst Jill Schlesinger joins CBSN with the details.
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."
The "biggest payroll surprise in history" is fueling investor optimism that the economy is rebounding.
Your 401(k) may be taking a hit this week after another sell-off in the markets. The Dow, Nasdaq and S&P each lost more than 1.5% of their value Wednesday, the second straight day of losses. President Trump placed the blame on his political foes, and "impeachment nonsense." CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss what's really behind the drop.
CBS and Viacom have completed their merger. ViacomCBS Chairman Shari Redstone and ViacomCBS President and CEO Bob Bakish celebrated the new corporate combination with a ceremonial ringing of the opening bell at the Nasdaq MarketSite in New York's Times Square. Anne-Marie Green and Vladimir Duthiers have more.
Coronavirus fears wiped out all of this year’s gains in the stock market. The Dow lost more than 1,000 points today, and the Nasdaq and S&P 500 also tanked. The number of cases of illness here in the U.S. shot up to 53 over the weekend, as dozens of sick passengers returned from that cruise ship in Japan. Mark Phillips reports.
The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. Jill Schlesinger joins “CBS This Morning: Saturday” to break down the latest financial information.
The Dow declined 2.9% after the stimulus bill to aid workers and businesses stalled in the U.S. Senate.
Financial markets rose on hopes the federal government will move to prop up the economy. Hurry, Wall Street's saying.
The spread of the new virus is starting to impact the U.S. stock market even though most cases are in China.
The S&P 500 rose nearly 29% on the year, as investors shrugged off global trade conflicts and recession fears
Record consumer spending for holidays and hopes for a China trade deal push the tech stock index to a record close.
Growing uncertainty about how the standoff might evolve is causing choppy trading on Wall Street
Flaring concerns over deteriorating U.S. trade relations have investors dialing back on risk
S&P 500 sees strongest week since November as investors bet the Fed will soon cut interest rates to stoke growth
The benchmark index is up 13.1 percent this year, a stark reversal from the sell-off at the end of 2018
Investors bet on Lyft's soaring user growth in its much-anticipated IPO.
Huawei blasts the U.S. government for a "loser's attitude"; Lyft debuts on the Nasdaq exchange at $72 share price, exceeding company expectations; plus other MoneyWatch headlines
On March 10, 2000, newly-formed online companies reached stratospheric heights on the stock market, setting the stage for an Icarus-like fall
Growing optimism that the two sides are moving closer to a deal is keeping early 2019's rally going
Investors are watching for progress in U.S.-China trade talks and in negotiations to avert a second government shutdown
Authorities believe two ransom notes addressed to Nancy Guthrie's family — including one saying she had died — were likely sent by the person or group of people who abducted her.
Iran downplayed Vice President JD Vance's suggestion that U.N. inspectors will return soon to the country's damaged nuclear facilities.
The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus.
Voters are going to the polls Tuesday for contests in New York, South Carolina, Maryland and Utah.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
President Trump has insisted that vandals, rather than questionable craftsmanship, are responsible for the enduring problems following the Reflecting Pool's $14.7 million sealant job.
U.S. District Judge Sparkle Sooknanan said the administration violated the law when it created a centralized database of Americans' personal records.
The most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance is warning.
The suspect was shot and killed "right away," according to police, and there was no immediate word on a possible motive.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
The owner of Moore Honey estimated that only about a quarter of the 408 hives would survive.
Voters are going to the polls Tuesday for contests in New York, South Carolina, Maryland and Utah.
President Trump has insisted that vandals, rather than questionable craftsmanship, are responsible for the enduring problems following the Reflecting Pool's $14.7 million sealant job.
The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus.
The most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance is warning.
The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus.
The 21st Century ROAD to Housing Act, which has rare bipartisan support, would make it harder for major investors to hoard homes.
The QR codes will take soda drinkers to a website listing more than 140 beverage ingredients and their nutritional content.
A Wall Street Journal investigation found that the prediction market paid content creators to produce videos of fake trades purporting to show big financial gains.
Voters are going to the polls Tuesday for contests in New York, South Carolina, Maryland and Utah.
President Trump has insisted that vandals, rather than questionable craftsmanship, are responsible for the enduring problems following the Reflecting Pool's $14.7 million sealant job.
The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus.
The 21st Century ROAD to Housing Act, which has rare bipartisan support, would make it harder for major investors to hoard homes.
U.S. District Judge Sparkle Sooknanan said the administration violated the law when it created a centralized database of Americans' personal records.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
The Trump administration's cuts to Medicaid and SNAP may complicate Republican Gov. Joe Lombardo's reelection chances.
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
In 1970, about 1 in 20 children were affected by obesity; today, it's 1 in 5. Dr. Jonathan LaPook looks at programs aimed at helping kids (and their families) get healthy the old-fashioned way, by eating right and exercising.
Iran downplayed Vice President JD Vance's suggestion that U.N. inspectors will return soon to the country's damaged nuclear facilities.
The suspect was shot and killed "right away," according to police, and there was no immediate word on a possible motive.
U.K. Prime Minister Keir Starmer is resigning, and the man widely expected to replace him is a fellow Labour Party lawmaker known as the "King of the North."
Plans backed by investors including Jared Kushner for a luxury resort in Albania drew protests that have grown into an anti-corruption movement.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
Clive Davis, the legendary music mogul who shaped the careers of several superstars, died Monday at 94. Carter Evans looks back on his life.
After decades of building some of America's greatest hits, legendary music executive Clive Davis died Monday at 94. Narada Michael Walden, a singer-songwriter and record producer who worked closely with Davis, joins CBS News to reflect on the music mogul's legacy.
Legendary music executive Clive Davis, who helped shape the careers of generations of artists including Janis Joplin, Bruce Springsteen and Whitney Houston, has died at 94. Jim Aswad, executive editor for Variety, joins CBS News to discuss Davis' life.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Artificial intelligence-generated images, videos and deepfakes are becoming more common in political advertising to attack opponents or influence Americans' opinions. CBS News political director Fin Gómez joins 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.
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Seahorses are unique ocean inhabitants with a head like a horse, a pouch like a kangaroo, a tail like a monkey, and the ability to camouflage themselves like a chameleon. They also exhibit an unconventional gender dynamic, in that the males do the work of carrying around fertilized eggs. Correspondent Conor Knighton goes in search of these fascinating fish – and their equally fascinating cousins, seadragons – at the Birch Aquarium at the Scripps Institution of Oceanography in California.
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
Two people were killed and a child was injured in a shooting inside a library in Chico on Monday, officials said.
Authorities believe two ransom notes addressed to Nancy Guthrie's family — including a note that said she had died — were likely sent by the person or group of people who abducted her.
The suspect was shot and killed "right away," according to police, and there was no immediate word on a possible motive.
Authorities say at least two people, including a police officer, were killed during a shooting in a Montreal, Canada, neighborhood on Monday. Police say the suspect was also killed. CBS News' Shanelle Kaul reports.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Lionel Messi made history Monday as he scored the 17th and 18th goals of his World Cup career, a new record. Lilia Luciano reports.
Alan Greenspan was one of the longest-serving Federal Reserve chairs in U.S. history, steering the organization for 18 years under four presidents. Lesley Stahl spoke with Greenspan in 2007, more than a year after he retired. The former Fed chair died today at the age of 100.
More than 40 years ago, a group of English professors at the University of Colorado wrote a children's book called "The Weighty Word Book." After a recent viral video post, the book sold more in a week than it had in nearly two decades. Tony Dokoupil has the story.
Clive Davis, the legendary music mogul who shaped the careers of several superstars, died Monday at 94. Carter Evans looks back on his life.
Vice President JD Vance said Monday he felt great about the progress made in more than 18 hours of Iran talks. Ed O'Keefe reports on the current state of the war.