Trump's latest tariffs raise odds of a U.S. recession, economists say
The likelihood of the U.S. entering a recession has jumped since President Trump announced new tariffs, according to Goldman Sachs economists.
Recession
Impact of retaliatory tariffs on U.S. economy
President Trump's sweeping global tariffs sent U.S. stocks tumbling for a second straight day, with markets faring even worse Friday. Mark Zandi, chief economist for financial services company Moody's Analytics, joins "America Decides" to discuss.
Tariffs make some influencers turn on Trump
Republicans ruled the social media landscape in the 2024 election cycle. Now, some influencers who helped President Trump capture the so-called "bro vote" are expressing their concerns over this recent round of tariffs. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
What Trump's tariffs mean for stockholders
Stocks plunged for a second day on Friday following President Trump's tariff announcement, with the Dow Jones down 2,200 points and the S&P 500 and Nasdaq seeing the worst back-to-back drops since 2020. CBS News' Kelly O'Grady and Fin Gómez have more.
New jobs data as tariffs concerns remain
New jobs data showed more gains than expected for March but concerns over tariffs and a potential recession remain. CBS News' Kelly O'Grady reports.
Wall Street sees nearly $2 trillion in losses
Thursday was Wall Street's worst day since 2020 as investors reacted to President Trump's sweeping new tariffs on all nations. CBS News' Kelly O'Grady, Weijia Jiang and Caitlin Huey-Burns have the details.
Will Trump tariffs trigger backlash?
President Trump promised to bring down prices on the campaign trail, but economists say his tariffs could raise them. Political strategists Joel Payne and Kevin Sheridan join "America Decides" to examine the potential political ramifications.
Details on Trump's sweeping new tariffs
President Trump declared a national emergency on Wednesday, giving him the power to regulate imports and impose a baseline tariff of 10% on all countries with specific reciprocal tariffs on what he calls the "worst offenders." CBS News' Weijia Jiang and Jo Ling Kent have more.
Tariffs uncertainty, concerns of recession
Policy uncertainty is driving worries in the markets that may be increasing predictions about an incoming recession. Bill Watts, a markets editor at MarketWatch, joins CBS News with more.
Poll: Economic outlook grows more pessimistic
A new CBS News poll finds that Americans' economic outlook has grown slightly more pessimistic in the past month. High prices are weighing on people, with most saying they're on the rise. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
How economists spot recessions, stagflation
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Trump firmly stands by April 2 tariffs pledge
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.
Bessent "not concerned" about market tumble
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
Is the U.S. heading for a recession? Here's what economists say.
Consumers, businesses and investors are increasingly jittery about the risks of a protracted slump. So what exactly is a recession?
Should Americans be worried about recession?
President Trump's tariffs and a string of rough days on Wall Street are stoking anxiety over a possible recession in the United States. Kristin Myers, editor-in-chief for ETF.com, joined CBS News to discuss the economy.
Markets plummet after Trump recession remarks
Markets plummeted Monday as investors expressed fear of an economic slowdown. In an interview that aired Sunday, President Trump was asked point blank if he's expecting a recession this year, and he did not rule it out. CBS News' Kelly O'Grady and Weijia Jiang have the latest.
Recession fears escalate across U.S.
U.S. stocks plunged Monday as President Trump declined to rule out the possibility that the nation is tipping into a recession. CBS News MoneyWatch correspondent Kelly O'Grady examines the market's response. Then, Fin Gómez, CBS News political director, and Evan McMorris-Santoro, NOTUS reporter, join with analysis.
U.S. stocks fall as recession fears grow
The Dow Jones shed nearly 900 points on Monday as tariffs, mounting federal layoffs and consumer confidence started to weigh on the economy. Adding to the chaos is the potential for another shutdown over government funding. CBS News Weijia Jiang and Nikole Killion have the latest.
U.S. stocks plunge, economic fears grow
Stocks in the U.S. cratered as investors fret about a potential recession and the changing tariffs that have evolved into a trade war with several nations. President Trump declined to refute the idea of a possible recession and stipulated that the economy is going through a transition. Maurice DuBois anchors this CBS News Special Report.
Trump's latest comments on a recession
President Trump seems confident that his tariffs will reap great rewards for the U.S., but he is not ruling out the possibility of a recession. CBS News' Weijia Jiang reports.
Trump comments on recession risks
Stocks are still tumbling as President Trump leaves the door open for a potential recession in the U.S. economy, and as other nations unleash retaliatory tariffs. This comes as the United Auto Workers union president speaks up about the need for tariffs. CBS News contributor Javier David has more.
Trump doesn't rule out recession possibility
President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. Meanwhile, China's retaliatory tariffs on U.S. goods are being implemented Monday. CBS News' Natalie Brand and Anna Coren have the latest.
Russia targets Kyiv with deadly strikes ahead of Trump-Zelenskyy meeting
Explosions boomed across Kyiv for hours as ballistic missiles and drones hit the city in an attack that began early in the morning.
Winter storm snarls thousands of flights. Maps show the latest forecast
Millions of Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
African regional bodies reject Israel's recognition of Somaliland
President Trump said he won't quickly follow Mideast ally Israel in recognizing Somaliland, saying he needed to "study" it.
Thailand and Cambodia sign new ceasefire deal after weeks of fighting
Thailand and Cambodia signed a ceasefire agreement on Saturday after weeks of deadly fighting along their border.
Dad uses cell phone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cell phone data to find her in a secluded area two miles away.
Ski patrol strike shuts down Colorado's popular Telluride resort indefinitely
The Telluride Ski Resort in Mountain Village, Colorado, was shuttered Saturday, with no date set for reopening, due to a labor dispute with the ski patrol union over wages.
Gas line explosion shuts down major Southern California freeway
Several lanes of the 5 Freeway were closed and a shelter-in-place order was issued to residents in Castaic, California, after a gas line ruptured on Saturday.
Michigan hires former Utah coach Kyle Whittingham to lead the Wolverines
The university fired ex-coach Sherrone Moore on Dec. 10 for having an "inappropriate relationship" with a female staffer.
Rescuers search for soccer coach, children after boat sinks in Indonesia
The Spanish soccer club Valencia said that a coach for its women's reserve team, Fernando Martín, and three of his children were among the victims.
U.S.
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Man says wife was killed by pipe coming through car windshield
Todd Kendhammer said his wife Barbara was killed in a freak accident, but a Wisconsin jury didn't believe him. Can his new attorneys upend the case with what they say is critical new evidence?
Man charged with fatal shooting of woman during backyard target practice
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
Jeffrey R. Holland, next in line to lead Mormon church, dies at 85
Jeffrey R. Holland was next in line to lead the Mormon church under a long-established succession plan.
Boy with autism, 6, rescued from pond 15 months after similar incident
The boy, identified by police as Coco, was found in chest-deep waters but was not injured.
Dad uses cell phone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cell phone data to find her in a secluded area two miles away.
MoneyWatch
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Planning to return unwanted Christmas gifts? You may be charged fees.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
5 money moves to make in 2026, according to financial experts
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Is anything open on Christmas Day 2025? See which businesses are operating.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
Politics
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Trump calls for release of any Epstein files naming Democrats: "Embarrass them"
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Karoline Leavitt announces she is pregnant with her second child
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
U.S. launches strikes on ISIS targets in Nigeria, Trump says
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
Kimmel skewers Trump, tells U.K. viewers that "tyranny is booming" in U.S.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
HealthWatch
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HealthWatch
Flu cases skyrocket across the U.S
Nearly five million flu cases have been reported nationwide, the CDC estimates, and at least 1,900 people have died from the virus. "CBS Saturday Morning" has more on why this year's strain is breaking records.
Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
World
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Rescuers search for soccer coach, children after boat sinks in Indonesia
The Spanish soccer club Valencia said that a coach for its women's reserve team, Fernando Martín, and three of his children were among the victims.
African regional bodies reject Israel's recognition of Somaliland
President Trump said he won't quickly follow Mideast ally Israel in recognizing Somaliland, saying he needed to "study" it.
Russia targets Kyiv with deadly strikes ahead of Trump-Zelenskyy meeting
Explosions boomed across Kyiv for hours as ballistic missiles and drones hit the city in an attack that began early in the morning.
Thailand and Cambodia sign new ceasefire deal after weeks of fighting
Thailand and Cambodia signed a ceasefire agreement on Saturday after weeks of deadly fighting along their border.
Israeli police say 2 killed in car-ramming and stabbing attack by Palestinian
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
Entertainment
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Entertainment
How one photographer takes refuge in Paris
Peter Turnley, an American and French photographer known for documenting the human condition, finds comfort in Paris. His new book "PARIS Je t'aime" showcases 50 years of photographs from his favorite city.
Samara Joy performs "Now And Then (In Remembrance Of...)"
Samara Joy burst onto the jazz scene in 2021, earning major praise as a "classic jazz singer from a new generation," and gaining popularity on TikTok. The young artist has already won five Grammy Awards, and her album "Portrait" is now up for Best Jazz Vocal Album of the Year. Here's Samara Joy performing "Now And Then (In Remembrance Of...)."
Samara Joy performs "Three Little Words"
Samara Joy burst onto the jazz scene in 2021, earning major praise as a "classic jazz singer from a new generation," and gaining popularity on TikTok. The young artist has already won five Grammy Awards, and her album "Portrait" is now up for Best Jazz Vocal Album of the Year. Here's Samara Joy performing "Three Little Words."
Second actor accuses Tyler Perry of sexual assault in new lawsuit
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Perry Bamonte, guitarist for The Cure, dies after "short illness" at 65
The band announced Perry Bamonte's death on their official website on Friday.
Technology
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Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
How AI powered robots are helping small farms
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Man says wife was killed by pipe coming through car windshield
Todd Kendhammer said his wife Barbara was killed in a freak accident, but a Wisconsin jury didn't believe him. Can his new attorneys upend the case with what they say is critical new evidence?
Man charged with fatal shooting of woman during backyard target practice
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
Dad uses cell phone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cell phone data to find her in a secluded area two miles away.
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Two police officers injured, suspect killed during child custody exchange
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
Space
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Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Mystery on County Road M
Todd Kendhammer says his wife was killed in an accident -- a pipe flew off a truck and crashed into their car. Authorities say the scene was staged. "48 Hours" correspondent Erin Moriarty reports.
Perry Bamonte, member of The Cure, dies at 65
Perry Bamonte, a guitarist and keyboardist for the alternative rock band The Cure, died at his home in England following a "short illness," the band announced Friday. He was 65.
U.S. could turn to South Korea for a vital mineral
Nestled deep in the mountains of South Korea, in a remote part of the country's east, is one of the world's largest deposits of tungsten, a critical mineral the U.S. desperately needs for its defense. As Anna Coren shows, a newly reopened mine in South Korea could soon fill that need.
Trump establishing a hard line on foreign policy
During his first year back in power, President Trump has used American military might to send messages to adversaries abroad. On Christmas Day, Mr. Trump ordered a strike on ISIS militants in Nigeria, which came about one week after the U.S. also struck ISIS targets in Syria. Willie James Inman reports from Mar-a-Lago.
What happens to your returned holiday gifts?
The National Retail Federation estimates that 17% of holiday purchases will be sent back. Andres Gutierrez reports on what happens to unwanted gifts after they're returned to retailers.