Stocks rally after ceasefire announcement
Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
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Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Oil prices plunged on Wednesday after President Trump announced a 2-week ceasefire between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.
Investors are reacting to news of a ceasefire between the U.S. and Iran. CBS News contributor Javier David has more.
President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire that was contingent on the reopening of the Strait of Hormuz.
CBS News business contributor Javier David breaks down the latest movement in the stock market and what the two-week ceasefire with Iran means for oil prices.
"This is a potentially huge market event like no other. It's a known unknown with a clock," one investment adviser said.
Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
Shipping companies would take at least two months to resume operations in the Persian Gulf following a ceasefire in the region, according to the Eurasia Group.
President Trump's deadline for Iran to reach a deal to end the war or face punishing strikes on its bridges and power plants is less than 24 hours away.
President Trump hailed the rescue of a U.S. airman who was missing almost two days inside Iran — and threatened to hit power plants if Iran doesn't reopen the Strait of Hormuz.
Maryland Gov. Wes Moore criticized President Trump's handling of the Iran war on "Face the Nation." He told CBS News' Ed O'Keefe he's looking for "some clarity" about the war's goals, and warned it has driven up prices.
Amid the war in Iran, the nationwide average price for a gallon of regular is now $4.10. Soaring gas prices are also fueling new questions about the cost of the vehicles we drive. Ali Bauman has more from the New York Auto Show.
Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.
U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.
The Cuban government says it has pardoned and released 2,010 prisoners, a sweeping move that comes as the island nation grapples with pressure from the Trump administration.
President Trump warned the U.S. "hasn't even started destroying what's left in Iran," and previewed that strikes on bridges and power plants could be next.
President Trump said Wednesday night that the U.S. military is on track to complete its objectives in Iran, but he did not offer a concrete plan for securing the Strait of Hormuz. CBS News national security analyst Aaron MacLean has more.
Oil prices surged again on Thursday after President Trump did not provide a clear timeline for the end of the Iran war or a potential reopening of the Strait of Hormuz during his nationwide address on Wednesday night. CBS News senior business and tech correspondent Jo Ling Kent has more.
Russia said Thursday it plans to send a second oil tanker to Cuba after the U.S. allowed a first shipment earlier this week to pass through its blockade amid an energy crisis on the island. Republican Rep. Maria Elvira Salazar of Florida joins "The Takeout" to discuss.
Stocks rebound after sliding in early-day trade, with investors buoyed by reports that Iran and Oman could monitor ship traffic in the Strait of Hormuz.
The world is reacting to President Trump's remarks to the nation on the Iran war, where he reiterated that the conflict could end in a matter of weeks. CBS News' Olivia Rinaldi and Ramy Inocencio report.
With gasoline topping $4 a gallon, it now costs almost $145 to fill up a Ford F-150 pickup truck, a new analysis finds.
President Trump addressed the Iran war, and the global economic response to his remarks is concerning. CBS News' Weijia Jiang reports.
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
President Trump addressed the nation Wednesday night about the Iran war. Tony Dokoupil anchored CBS News' special report.
In addition to the two U.S. service members killed, a third is missing in action, U.S. Central Command said.
A severe weather threat is in effect from the Ohio Valley through the Mid-Atlantic and Northeast.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
Influencer brothers Andrew and Tristan Tate have been arrested by federal authorities Saturday in Miami.
U.S. forces launched a new round of airstrikes against Iran Saturday evening at the direction of President Trump following the deaths of two U.S. service members.
Boston police are investigating the discovery Saturday of a dead body that was found at a property that is owned by the husband of Congresswoman Ayanna Pressley.
One New York couple depleted their retirement and savings accounts, paying out-of-pocket for healthcare, before they were able to access Medicaid funds.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
British runner Josh Kerr ran the mile in 3 minutes, 42.66 seconds on Saturday, breaking a record that has stood since 1999.
A California mother disappears without a trace – did her husband try to have a hex put on her so she wouldn't leave him?
One New York couple depleted their retirement and savings accounts, paying out-of-pocket for healthcare, before they were able to access Medicaid funds.
Influencer brothers Andrew and Tristan Tate have been arrested by federal authorities Saturday in Miami.
U.S. forces launched a new round of airstrikes against Iran Saturday evening at the direction of President Trump following the deaths of two U.S. service members.
It was the highest-scoring World Cup game since Hungary beat El Salvador 10-1 in 1982.
Target said it received 23 reports of the sandal's pearls falling off the shoe.
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
Boston police are investigating the discovery Saturday of a dead body that was found at a property that is owned by the husband of Congresswoman Ayanna Pressley.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 noncitizens were registered to vote. Elections experts caution that could be a significant overcount.
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
One New York couple depleted their retirement and savings accounts, paying out-of-pocket for healthcare, before they were able to access Medicaid funds.
One New York couple depleted their retirement and savings accounts, paying out of pocket for healthcare before they were able to access Medicaid funds. They are among many Americans facing the same challenges. Jericka Duncan has the story.
A cyclospora outbreak, which has sickened thousands of people nationwide, is believed to have been traced to contaminated lettuce from Mexico supplied by produce giant Taylor Farms. Ian Lee has the latest.
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.
Lettuce from supplier Taylor Farms was linked to a parasitic disease in an FDA investigation. The FDA advised consumers should avoid shredded iceberg lettuce distributed to Taco Bell locations in Indiana, Kentucky, Michigan, Ohio and West Virginia. Taco Bell said it removed the lettuce, and Taylor Farms voluntarily recalled their impacted product.
British runner Josh Kerr ran the mile in 3 minutes, 42.66 seconds on Saturday, breaking a record that has stood since 1999.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
Kyiv's forces are continuing their relentless aerial campaign against energy infrastructure and military targets inside Russia.
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
British Iranian journalist Pouria Zeraati was stabbed in what is believed to have been an Iranian state-sponsored attack in 2024.
For the first time in what seems like forever, there has been a rush to see a new blockbuster on a really big screen, as Christopher Nolan's epic "The Odyssey" arrived in theaters this weekend. Noel Brennan has more.
Smoky air in parts of the U.S. as President Trump renews election interference claims. Plus, an interview with Anne Hathaway and Matt Damon.
Grammy-nominated trio Midland hail from the Texas country scene. Their new album "Stages" has been praised as one of the best traditional country albums of the year. Here's Midland with "Shooting Memories With Tequila."
Grammy-nominated trio Midland hail from the Texas country scene. Their new album "Stages" has been praised as one of the best traditional country albums of the year. Here's Midland with "Drinkin' Problem."
Grammy-nominated trio Midland hail from the Texas country scene. Their new album "Stages" has been praised as one of the best traditional country albums of the year. Here's Midland with "Vaquero."
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.
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.
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.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
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 young mother disappears. Investigators say her husband contacted spellcasters to put a hex on his wife so she wouldn't leave him. "48 Hours" contributor Jonathan Vigliotti reports.
A California mother disappears without a trace – did her husband try to have a hex put on her so she wouldn't leave him?
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
The ICE officer who shot and killed a Maine man has a history of violent behavior, the Associated Press reports, citing interviews with family and court records. CBS News' Camilo Montoya-Galvez has the latest.
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
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.
A young mother disappears. Investigators say her husband contacted spellcasters to put a hex on his wife so she wouldn't leave him. "48 Hours" contributor Jonathan Vigliotti reports.
At least two U.S. soldiers were killed in an Iranian attack on a military base in Jordan; Smoke from Canadian wildfires engulfs Northeast.
For the first time in what seems like forever, there has been a rush to see a new blockbuster on a really big screen, as Christopher Nolan's epic "The Odyssey" arrived in theaters this weekend. Noel Brennan has more.
Smoke from hundreds of wildfires burning across Canada and Minnesota is creating air quality issues in the Northeast. There are also severe weather threats to the Midwest, as well as the risk of flash flooding in some areas. Meteorologist Andrew Kozak has the forecast.
The World Cup kicked off with 48 teams. Now only two remain, soccer powerhouses Spain and Argentina, who will face off Sunday in the much-anticipated final. Nicole Valdes reports from MetLife Stadium in New Jersey, where the game will be played.