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.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
Federal prosecutors are investigating Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey for allegedly impeding immigration agents, sources told CBS News, an extraordinary escalation in the Trump administration's clash with Democratic leaders.
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
A bipartisan U.S. Congressional delegation's comments in Denmark contrasted with those emanating from the White House.
The country's leader criticized President Trump on Saturday, blaming him for "casualties, damages and accusations" against Iran.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
The FBI plans to extradite Alejandro Rosales Castillo, 27, who was wanted for the killing of a co-worker in 2016.
Prime Minister Benjamin Netanyahu's office said in a statement that the Gaza executive committee was "not coordinated with Israel and is contrary to its policy."
The FBI plans to extradite Alejandro Rosales Castillo, 27, who was wanted for the killing of a co-worker in 2016.
Minnesota safety officials are asking that protesters participating in scheduled demonstrations this weekend stay orderly and peaceful.
The White House held an event with a bipartisan group of governors to push for reforms in the largest electric grid in the country.
Sgt. Bo, a therapy dog who has provided constant comfort to survivors of a 2023 Nashville school shooting, was the American Humane Society's 2025 Hero Dog Award winner.
At Carnegie Mellon University in Pittsburgh, researchers are hard at work developing robot "dogs" designed to assist in situations too dangerous for humans to help.
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Gov. Abigail Spanberger will be referred to with traditional formality: "Madam Governor" or, as some officials phrase it, "her excellency."
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
A bipartisan U.S. Congressional delegation's comments in Denmark contrasted with those emanating from the White House.
The country's leader criticized President Trump on Saturday, blaming him for "casualties, damages and accusations" against Iran.
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
Prime Minister Benjamin Netanyahu's office said in a statement that the Gaza executive committee was "not coordinated with Israel and is contrary to its policy."
The FBI plans to extradite Alejandro Rosales Castillo, 27, who was wanted for the killing of a co-worker in 2016.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
The aircraft lost contact with ground control while approaching a mountainous region.
A bipartisan U.S. Congressional delegation's comments in Denmark contrasted with those emanating from the White House.
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Dandelions."
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Won't You Speak Your Mind."
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Back to the Wind."
Federer played exhibition doubles matches with past champions Andre Agassi and Ash Barty.
In an exclusive interview with "CBS Mornings," Alicia Keys reflects on "Hell's Kitchen's" Broadway run ending after nearly two years of sold-out performances. The musical is inspired by Keys' own experiences and will continue its national tour. She speaks about the decision for it to leave Broadway and how she has found a healthy relationship with success.
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
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.
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.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
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."
This past July, police in California raided the home of Guojun Xuan and Silvia Zhang over allegations of possible child abuse. The couple's 21 children, mostly surrogate-born, were taken into state custody as an investigation began. In the months since their arrest and release, the couple has had at least five more surrogate-born babies. The couple is now fighting for custody of all of their children and is suing some of their surrogates in the process. CBS News legal reporter Katrina Kaufman has more.
Lawyers for the man accused of killing Turning Point USA founder Charlie Kirk are trying to disqualify one of the prosecutors on the case. CBS News reporter Andres Gutierrez has more.
U.S. Immigration and Customs Enforcement is holding about 73,000 people facing deportation, a new record high, according to data. CBS News' Camilo Montoya-Galvez reports.
A Minneapolis Fire Department report obtained by CBS News details Renee Good's apparent injuries and other details about the shooting. CBS News' Ian Lee reports.
A federal indictment alleges some college basketball players were bribed to play poorly in a point-shaving scheme. Citadel professor Sean Patrick Griffin joins CBS News with more details.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
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.
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.
"CBS Saturday Morning" meets Jim Morrison, the mountaineer who became the first to successfully ski down Mount Everest's North Face. He enlisted a camera crew to document the harrowing journey.
Saturday marks the 320th anniversary of Benjamin Franklin's birth, and "CBS Saturday Morning" breaks down the Founding Father's impact on the U.S. and reigning popularity.
"CBS Saturday Morning" breaks down the weekend slate of NFL Playoff games with CBS Sports' Adam Schein.
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Dandelions."
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Won't You Speak Your Mind."