Stock market plummets after Fed forecasts fewer rate cuts in 2025
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
Stock Market
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
S&P 500 and Dow notch gains, capping Wall Street's best month of 2024
Stocks posted solid gains on Black Friday as Wall Street posted its best monthly performance of the year.
What's open on Black Friday, from the post office to the stock market
Black Friday is a major shopping day for the nation's retailers. Here's what's happening with the stock market and USPS.
What does financial success look like?
According to a new survey from financial service company Empower, Gen Z Americans believe it takes a salary of $588,000 to be considered financially successful. That's more than double the figure from other generations. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the findings.
Markets react to Trump's Bessent pick
The stock market reacted positively to President-elect Donald Trump's pick for Treasury secretary, hedge fund CEO Scott Bessent. CBS MoneyWatch correspondent Kelly O'Grady has more.
All eyes on Nvidia earnings report
Artificial intelligence chip maker Nvidia will announce its latest earnings as investors anxiously await good news. Also, Jaguar is targeting younger buyers as it prepares to release more details on its new offerings. CBS MoneyWatch correspondent Kelly O'Brady reports.
Spirit Airlines bankruptcy and holidays
The Spirit Airlines bankruptcy news may not affect holiday travel but could limit some service options in the future due to cost-cutting measures. CBS News MoneyWatch correspondent Kelly O'Grady has more on the airline, and new details on the stock market rally after the 2024 elections.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
The Dow and S&P 500 set new records
The Dow and S&P 500 have set new records as post-election optimism and a major Fed announcement drive a market surge. CBS News MoneyWatch's Kelly O'Grady explains what's behind the rise.
Are banks open on Veterans Day? Here's what's open and closed.
Some businesses and services may be closed on Veterans Day, a holiday to commemorate Americans who served in the military.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Donald Trump election win boosts stocks, cryptocurrency and Trump Media
Stocks and cryptocurrency prices set to power higher after Donald Trump wins U.S. presidential election.
New poll shows stark divide among voters
New CBS News polling shows the 2024 presidential race continues to be very close both nationally and in the battleground states. It also paints a troubling picture of how voters in each party see the country. CBS News executive director of elections and surveys Anthony Salvanto has the details.
Here's what's open and closed on Columbus Day/Indigenous Peoples Day
Columbus Day, also known as Indigenous Peoples Day, is a federal holiday. Here's what is open and closed on Monday, Oct. 14.
S&P 500 ends its worst week since March 2023
Investors are fretting about economic growth, with tech stocks taking the brunt after an underwhelming jobs report.
Nvidia stock extends record slump
In August, artificial intelligence chip maker Nvidia set the record for the largest one-day increase in market value in stock market history. On Tuesday, it did the opposite. The company's shares fell nearly 10% in what is the largest single day drop for any U.S. company in stock market history. Jeremy Owens, host of "On Watch" podcast, joins to discuss.
5 key lessons for investors after this week's wild stock market ride
Unsettled by this week's roller coaster in financial markets? Here's advice from top investment experts.
What the Federal Reserve is likely to do after stock selloff
A stock market rout and slower economic growth could soon lead to lower borrowing costs. Here's what experts think the Fed will do with interest rates.
Stock markets stabilize after S&P 500's worst day in almost two years
Wall Street regained its footing after concerns about the slowing U.S. economy spooked investors. Here's what to know.
Key flags before stock market sell-off
The global stock markets sell-off that transpired Monday follows some key economic data reports that may have spooked some investors. CBS News senior business and technology correspondent Jo Ling Kent breaks down the other market flags about the U.S. economy to consider as a rebound appears to be developing.
Major market indexes show signs of recovery
Fears of a U.S. recession appear to be easing Tuesday with most equities rallying after the stock market plunged on Monday. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joined CBS News to discuss the economy.
Stocks rebound from rout as Fed faces calls to cut rates early
Most equities rallied Tuesday after the previous day's global rout fueled by U.S. recession fears.
Dow plunges more than 1,000 points amid U.S. recession fears
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Exclusive
DOJ investigating Walz, Frey over alleged conspiracy to impede immigration agents
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.
Judge rules federal agents can't arrest or use pepper spray on peaceful protesters in Minneapolis
A Minnesota judge put limits Friday on the tactics that federal law enforcement are permitted to use in their handling of protests over the Trump administration's surge of immigration resources to Minneapolis.
Venezuelan oil is coming to the U.S. What will it mean for gas prices?
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?
New study: Tylenol in pregnancy is not linked to autism or ADHD
"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.
U.S. shouldn't invade Greenland, Pennsylvania Sens. Fetterman and McCormick say
Pennsylvania's two sitting senators, Republican Dave McCormick and Democrat John Fetterman, told CBS News they do not support a U.S. military takeover of Greenland.
Education Department delays wage garnishment plan for defaulted student loans
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.
Renee Good sustained at least 3 gunshot wounds in ICE shooting, report reveals
The new details on Renee Good's death come after a week of protests in Minnesota that prompted President Trump to threaten to use the Insurrection Act.
Trump pardons Puerto Rico's former governor Wanda Vázquez
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
U.S.
More U.S.
Trump admin. calls on tech companies to pay energy bill for new AI power plants
The White House held an event with a bipartisan group of governors to push for reforms in the largest electric grid in the country.
Therapy dogs provide comfort to survivors of Nashville school shooting
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.
Pittsburgh researchers developing lifesaving robot "dogs"
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.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"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.
Venezuelan oil is coming to the U.S. What will it mean for gas prices?
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?
MoneyWatch
More MoneyWatch
Education Department delays wage garnishment plan for defaulted student loans
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.
Venezuelan oil is coming to the U.S. What will it mean for gas prices?
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?
OpenAI to start testing ads on ChatGPT in the coming weeks
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.
Weight loss drugs could save airlines money on fuel as Americans shed pounds
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.
Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
Politics
More Politics
Education Department delays wage garnishment plan for defaulted student loans
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.
Tony Blair, Rubio, Kushner, Witkoff to help oversee Gaza reconstruction
The White House released the names of some of the leaders who will play a role in overseeing the next steps in Gaza after the Palestinian committee set to govern the territory under U.S. supervision met for the first time.
Judge rules federal agents can't arrest or use pepper spray on peaceful protesters in Minneapolis
A Minnesota judge put limits Friday on the tactics that federal law enforcement are permitted to use in their handling of protests over the Trump administration's surge of immigration resources to Minneapolis.
Trump admin. calls on tech companies to pay energy bill for new AI power plants
The White House held an event with a bipartisan group of governors to push for reforms in the largest electric grid in the country.
U.S. shouldn't invade Greenland, Pennsylvania Sens. Fetterman and McCormick say
Pennsylvania's two sitting senators, Republican Dave McCormick and Democrat John Fetterman, told CBS News they do not support a U.S. military takeover of Greenland.
HealthWatch
More HealthWatch
HealthWatch
Study finds no link between Tylenol and autism
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.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"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.
ACA enrollment ends today in most states, as tax credit fix stalls
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
Trump admin. reverses sudden cuts in mental health, addiction programs
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.
Chicago mayor explains how he's tackling the city's life expectancy gap
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.
World
More World
Tony Blair, Rubio, Kushner, Witkoff to help oversee Gaza reconstruction
The White House released the names of some of the leaders who will play a role in overseeing the next steps in Gaza after the Palestinian committee set to govern the territory under U.S. supervision met for the first time.
Mexico touts successful crackdown on cartels amid Trump threats
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
CIA director meets with Venezuela's interim president in Caracas
CIA director John Ratcliffe delivered a message that the U.S. "looks forward to an improved working relationship" with Venezuela, a U.S. official told CBS News.
U.S. lawmakers seek to reassure Denmark amid Trump's push for Greenland
A bipartisan congressional delegation met with Danish and Greenlandic officials Friday to show support for Greenland's territorial integrity despite President Trump's push to acquire the island.
Entertainment
More Entertainment
Entertainment
Alicia Keys on "Hell's Kitchen" success
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.
Behind Ron King's mission to protect donkeys
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.
Actor Timothy Busfield held without bond in New Mexico child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Stars of "Sinners" talk about movie
"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.
Ali Larter talks what's ahead in "Landman"
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.
Technology
More Technology
Technology
Palantir develops app to help ICE: 404 Media
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.
OpenAI to start testing ads on ChatGPT in the coming weeks
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.
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.
Mother of Musk child sues over deepfake images
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 offers customers $20 credit for widespread outage
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
Science
More Science
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
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 so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
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."
Crime
More Crime
Crime
Couple probed for child abuse had more surrogate babies
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.
Robinson attorneys trying to disqualify prosecutor
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.
ICE holding about 73,000 people, data shows
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.
What we know about Renee Good shooting report
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.
Massive college basketball rigging accusation
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.
Space
More Space
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Countdown to new lunar mission
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.
Astronauts return after mission cut short
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.
Astronauts back on Earth after medical issue cut mission short
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.
Former NASA astronaut on ISS undocking
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.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Pennsylvania Sens. Fetterman and McCormick
Pennsylvania Sens. John Fetterman and Dave McCormick join Tony Dokoupil on the "CBS Evening News" to discuss President Trump's plan for Greenland, the debate over health care and more.
Kids praise dogs that helped them after shooting
After a shooting at a school in Nashville, therapy dogs started visiting students to offer support. Steve Hartman has the story in "On the Road."
Robot "dogs" go places too dangerous for humans
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. Tony Dokoupil has the story.
Sens. Fetterman and McCormick on working together
In an interview with "CBS Evening News" anchor Tony Dokoupil, Sens. John Fetterman and Dave McCormick of Pennsylvania discuss working together despite their political differences, how they view President Trump's push to acquire Greenland, health care, and more.
Study: Tylenol use during pregnancy not linked to autism
Despite fears raised by public health officials in the Trump administration, a new study finds that taking Tylenol as recommended during pregnancy does not increase the risk of autism, ADHD or any other intellectual disabilities in babies. CBS News medical contributor Dr. Céline Gounder has more.