Stock market whipsaws as Trump makes new China threat
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
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It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
Investors are concerned about President Trump's plans to roll out new tariffs on April 2, which economists say could reignite inflation.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
What's the best place to park your money? Americans put their faith in this long-term investment, a new Gallup poll shows.
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Wall Street ended 2023 on a high note, and a group of companies known as the "Magnificent Seven" dominated. David Kass, professor of finance at the University of Maryland, joins CBS News to discuss if the outsized success of so few companies poses a risk to the economy.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
The index giant also said it is stripping Russia of its "emerging market" designation given the "deterioration" in its markets.
CBS News confirms federal investigators are looking into a potential safety defect in some airbags in more one million vehicles, Starbucks is rolling out a wireless phone charging program -- and more. Jill Wagner reports on the day's top financial stories.
Some big changes to United Airlines' frequent flyer program, P.F. Chang's restaurant chain is investigating a possible customer data breach -- and more. Jill Wagner reports on the day's top financial stories.
An ICE officer shot a man Wednesday night in Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Venezuelan opposition leader María Machado previously said she wanted to "share" the prize for removing Nicolás Maduro from power.
Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
President Trump is threatening to invoke a centuries-old law to deploy troops to Minnesota. Here's what to know.
Cell phone footage shared on social media by a Democratic state senator appears to show the moments after Wednesday's shooting took place, in which a woman calls 911 and can be heard pleading for help.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
Though DOJ says there's "no basis" for criminal civil rights probe in ICE shooting case, some legal experts say the division's lack of involvement here is unheard of.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
The ICE agent involved in the fatal shooting could try to invoke immunity under the Constitution's Supremacy Clause to try to end state criminal prosecution.
Cell phone footage shared on social media by a Democratic state senator appears to show the moments after Wednesday's shooting took place, in which a woman calls 911 and can be heard pleading for help.
The American Sign Museum in Cincinnati is a collection of more than a century of entrepreneurship and ambition.
Once among the hardest hit by the opioid epidemic, overdose deaths are falling in Ohio, though challenges remain.
The FBI is offering a reward after protests in north Minneapolis Wednesday evening culminated in vandalism and the apparent compromising of federal documents.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.
The increase in bankruptcy filings comes as Americans face a slate of economic pressures, from sticky inflation to elevated borrowing costs.
"We are in a little bit of a pothole," said GOP Sen. Bernie Moreno, who previously expected the compromise to be unveiled this week.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
Cell phone footage shared on social media by a Democratic state senator appears to show the moments after Wednesday's shooting took place, in which a woman calls 911 and can be heard pleading for help.
The FBI is offering a reward after protests in north Minneapolis Wednesday evening culminated in vandalism and the apparent compromising of federal documents.
Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
Though DOJ says there's "no basis" for criminal civil rights probe in ICE shooting case, some legal experts say the division's lack of involvement here is unheard of.
President Trump is threatening to invoke a centuries-old law to deploy troops to Minnesota. Here's what to know.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
The Trump administration reversed cuts to grants for mental health and addiction treatment programs that a CBS News source said were valued at around $1.9 billion.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Illnesses linked to the New York-based Live it Up Super Greens brand powder were reported in 21 states from Aug. 22 to Dec. 30, 2025.
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
Police said they had busted a network that saw smugglers swim on the high seas to help stash Colombian cocaine on container ships and hijack vessels.
As NATO prepares for war games around Greenland, Russia is highlighting the Trump administration's disagreement with its closest allies over the island.
The seizure comes as President Trump is set to meet with Venezuelan opposition leader María Corina Machado Thursday at the White House.
FIFA says it has received over 500 million ticket requests for 2026 World Cup matches in the U.S., Canada and Mexico— with prices as high as $8,680.
Oscar's Place, a donkey sanctuary in California, now has 210 donkeys and it has successfully resettled 189 others. Ron King, the co-founder and CEO of the sanctuary, helped to create the new docuseries "Donkey King," which follows the work he and volunteers do to rescue, rehabilitate and resettle the animals to protect them. He speaks to "CBS Mornings" about his mission and why he says donkeys are misunderstood.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
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.
YouTube is introducing new parental controls on youth accounts that it says could limit how long kinds spend scrolling. The latest parental controls will focus on YouTube Shorts, which utilizes a continuous scrolling video feed featuring videos three minutes and shorter. Parents of kid and teen account users are now able to enact time restrictions that will limit how long their children can scroll.
A widespread Verizon outage hit the U.S. on Wednesday, leaving thousands of customers without service. CBS News' Karen Hua has more.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
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."
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.
The FBI is offering a reward after protests in north Minneapolis Wednesday evening culminated in vandalism and the apparent compromising of federal documents.
Federal prosecutors have charged 26 people, including many college basketball players, in an illegal gambling probe. Danny Funt, author of "Everybody Loses: The Tumultuous Rise of Sports Gambling," joins to unpack the alleged scheme.
Actor Timothy Busfield is being held without bond in his New Mexico child sex abuse case. Busfield denies the charges. CBS News reporter Andres Gutierrez has more.
Police said they had busted a network that saw smugglers swim on the high seas to help stash Colombian cocaine on container ships and hijack vessels.
William J. Brock fatally shot the driver after wrongly assuming she was in on a plot to get $12,000 in supposed bond money for a relative, authorities said.
A NASA crew splashed down off the coast of California on Thursday weeks earlier than scheduled due to an astronaut aboard the International Space Station dealing with a medical issue. Mark Strassmann reports on the unprecedented mission home.
Four space station Crew 11 fliers splashed down off the Southern California coast at 3:41 a.m. ET, closing out a 167-day stay in space cut short by a medical issue.
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
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.
All his life, Tod Swormstedt has been fascinated, not necessarily by American small businesses, but by their signs, which announce to all the world -- or at least the folks on Main Street -- "we're here." "CBS Evening News" anchor Tony Dokoupil paid a visit to the museum inspired by his passion.
Once among the hardest hit by the opioid epidemic, overdose deaths are falling in Ohio, though challenges remain. "CBS Evening News" anchor Tony Dokoupil reports.
Four space station fliers undocked and plunged back to Earth, safely splashing down in the Pacific Ocean off the Southern California coast six days after NASA ordered them home early because of an unspecified medical issue. Mark Strassmann has details.
Federal prosecutors charged 26 people in an alleged point-shaving scheme involving multiple current and former college basketball players, authorities announced. Scott MacFarlane reports.
The Iranian regime has appeared to tamp down anti-government protests that have swept across the country in recent weeks. Thousands are estimated to have been killed in the crackdown. Elizabeth Palmer has the latest.