Wall Street tumbles amid bank allegations, rising COVID-19 rates
Banks were profiting from illicit dealings with disreputable people and criminal networks, report alleges.
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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
Trading in the year's first month marks a sharp reversal from December, which was the worst month since 1931
President Trump has welcomed Iran's announcement that the Strait of Hormuz is "completely open" to all ships.
Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.
President Trump spoke with CBS News Friday in a new telephone interview.
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
Maria Medetis Long, who was overseeing a criminal investigation into whether former CIA Director John Brennan lied to Congress is no longer assigned to the case.
Sources close to Supreme Court Justices Samuel Alito and Clarence Thomas tell CBS News neither is planning to retire this year.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
A 27-year-old Cuban man died in ICE custody in Miami after an apparent suicide attempt, the agency said, adding to a string of recent detainee deaths locally and nationwide.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
A reported tornado in Lena, Illinois, about 47 miles west of Rockford, has caused extensive storm damage, including possibly to schools that had students inside at the time.
Spirit executives and other low-cost carriers are expected to meet with Transportation Secretary Sean Duffy next week.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Sources close to Supreme Court Justices Samuel Alito and Clarence Thomas tell CBS News neither is planning to retire this year.
Maria Medetis Long, who was overseeing a criminal investigation into whether former CIA Director John Brennan lied to Congress is no longer assigned to the case.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Ibogaine is used in Mexico and the Caribbean to treat depression, anxiety, addiction and brain trauma.
According to new CDC data, there were 3.6 million U.S. births in 2025, a 1% decline from 2024 and down 23% since 2007. The Trump administration has said it wants to reverse this trend.
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
President Trump spoke with CBS News Friday in a new telephone interview.
The Trump administration is considering a renewed diplomatic push that could send officials back to Pakistan within days, sources said.
Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.
David Burke, a singer who performs under the name d4vd, is behind bars on suspicion of murder. He was arrested after the body of a 14-year-old girl was found in the trunk of his Tesla in September 2025. Matt Gutman reports.
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
(Warning: Spoilers ahead!) "CBS Mornings" reveals a surprising twist in Wednesday's "Survivor 50" episode that led to a historic trial council ceremony.
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
Simon Helberg, known for his role as Howard in "The Big Bang Theory," talks about the new show "The Audacity." Helberg plays a developer who is creating an AI companion. He explains what drew him to the role and discusses the show's messages about humanity and technology.
Millions of Americans get health information from podcasts. Now, some medical experts are warning about the harmful impacts of misinformation on these programs. CBS News medical contributor Dr. Céline Gounder has more.
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
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.
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
More concerns are emerging about Anthropic's new Mythos AI model. Matt Shumer, a former AI company founder and CEO, joins CBS News with more details.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
David Burke, a singer who performs under the name d4vd, is behind bars on suspicion of murder. He was arrested after the body of a 14-year-old girl was found in the trunk of his Tesla in September 2025. Matt Gutman reports.
Acting head of U.S. Immigration and Customs Enforcement Todd Lyons is planning to leave his post soon, U.S. officials familiar with his plan told CBS News. Camilo Montoya-Galvez reports.
Immigration and Customs Enforcement agent Gregory Morgan Jr. of Temple Hills, Maryland, is facing assault charges for allegedly pointing a gun at two people in Minnesota. CBS News' Jonah Kaplan reports.
An environmentalist who survived an assassination attempt spoke during the presentation of a report that documented the killing of 10 activists in Mexico in 2025.
Arizona Democratic Sen. Ruben Gallego is denying allegations of misconduct after his friend, California Rep. Eric Swalwell, resigned from his post over sexual misconduct accusations. CBS News' Nikole Killion reports.
"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.
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.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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.
Pope Leo XIV visited Cameroon on his tour of Africa. He garnered a crowd of around 120,000 people for mass in Douala. He also spoke with students and faculty at the Catholic University of Central Africa and attended a Catholic hospital. The visit came amid his ongoing feud with President Trump.
Pope Leo was in Angola on Friday for the third leg of his tour of Africa after he held a mass in Cameroon in front of roughly 120,000 people. CBS News' Chris Livesay reports and Michelle Boorstein, a religion reporter at the Washington Post, has more.
U.S. officials tell CBS News that days after the war with Iran started, U.S. intelligence detected that China was weighing whether to supply Iran with advanced radar technology. CBS News national security contributor Sam Vinograd has more.
President Trump and Iran proclaimed on Friday that the Strait of Hormuz is open. Political strategists Hannah Muldavin and Kevin Sheridan join "The Takeout" with analysis.
An Idaho boy volunteered with his dad at a recreation center for people with special needs. For his birthday party, he wanted all of them there. Steve Harman goes "On the Road" with the story about Grant Mullen's wish.