Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Stock Market
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Here are the odds of an emergency rate cut from the Federal Reserve
The last time the Federal Reserve enacted an emergency rate cut was in March 2020, when the pandemic caused an economic shutdown.
4 reasons stocks are cratering — and what experts say you should do
U.S. markets fell for a third consecutive day amid fears of an economic slump. But experts say investors shouldn't panic — here's why.
Trump attacks Harris on economic news
Former President Donald Trump attacked Vice President Kamala Harris in Georgia over the weekend while campaigning with running mate JD Vance. Trump linked the recent lousy jobs report to Harris and took to social media Monday to link the stock market drop to her as well. CBS News campaign reporter Jake Rosen has more.
Stock market shocked by economy fears
The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.
Stock market suffering disastrous day
U.S. markets are taking a hit Monday with the Dow falling over 1,000 points to start the day and semiconductor stocks like Nvidia and Intel dipping over 7%. Overseas, Japan's market had the worst day in its history, dropping over 12%. CBS News contributor J.D. Durkin has more.
Stocks routed in Asia, tumble in Europe over U.S. recession fears
Japan's benchmark Nikkei 225 stock index plunged 12.4% on Monday in the latest bout of selloffs that are shaking world markets as investors fret over the state of the U.S. economy.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
Stocks dive as investors fret over signs of U.S. economic slowdown
Stocks fell sharply after new economic data raised concerns the economy could be slowing faster than expected.
The story of 2 American economies
Two major stock indexes, the S&P 500 and Dow Jones Industrial Average, are up over 15% compared to a year ago. Financial analysts point to this as an example of the U.S. economy's health, but the benefits are not accessible to all Americans. CBS News' Lindsey Reiser explains.
Inflation slows more than expected in June
Labor Department data released Thursday showed the annual inflation rate cooled from 3.3% in May to 3% in June. That's lower than the 3.1% rate some economists had projected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to unpack the report.
Keith "Roaring Kitty" Gill buys $245 million stake in Chewy
The meme-stock investor bought more than 9 million shares of the online pet supply company, causing its stock to surge.
Roaring Kitty posts image of a dog, and Chewy's stock price jumps
Chewy's stock price surged as high as $39.10, or 36%, after meme stock investor Keith Gill posted a dog image on social media.
Breaking down Nvidia's rise to the top
Nvidia launched in 1993 as a tech startup developing advanced video game graphics, and it's now the most valuable company in the world. Axios chief financial correspondent Felix Salmon joins to discuss what's behind the company's growth.
GameStop raises $2.1 billion after latest "meme stock" surge
The video game retailer has recently raised roughly $3 billion in cash, capitalizing on a jump in its stock price.
Keith Gill, GameStop's "Roaring Kitty," plans YouTube return
GameStop's stock price surged more than 40% after Keith Gill indicated he would appear on YouTube for the first time in three years.
Stock market rallies around AI boom
Artificial intelligence is reshaping American life, including changing the investment landscape as AI-related stocks are booming. CBS News' John Dickerson examines some of the best performers to explain which industries make up the AI revolution.
Who is Keith Gill, the "Roaring Kitty" pumping up GameStop shares?
Keith Gill, a financial analyst turned influencer, has helped turn GameStop into a stock market phenomenon. Here's what to know.
GameStop shares soar after "Roaring Kitty" reveals $116 million stake
GameStop's stock price jumped more than 87% in pre-market trading following post on Reddit linked to trader Keith Gill.
Wall Street's Shadow Market (2008)
Steve Kroft reported on the financial instruments that fueled the 2008 economic crisis.
Top CEO pay is surging, report says
Paid compensation for chief executives of several Fortune 500 companies has risen dramatically over the last five years, according to a new report from The Wall Street Journal. WSJ writer Theo Francis joins to discuss why it's partly linked to a phenomenon known as the "Musk effect."
Breaking down the Dow's 40,000 milestone
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
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.
Here are the hurdles Trump faces in his push for low interest rates and a friendly Fed
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.
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.
Syrian government forces enter northern towns; Kurdish fighters withdraw
Military vehicles were seen rolling into Dier Hafar and Maskana Saturday. Thousands have fled the northern Syrian towns in recent days.
U.S.
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Minnesota safety officials ask protesters in the state to stay peaceful
Minnesota safety officials are asking that protesters participating in scheduled demonstrations this weekend stay orderly and peaceful.
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.
MoneyWatch
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Here are the hurdles Trump faces in his push for low interest rates and a friendly Fed
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.
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.
Politics
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Here are the hurdles Trump faces in his push for low interest rates and a friendly Fed
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.
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.
HealthWatch
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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
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Syrian government forces enter northern towns; Kurdish fighters withdraw
Military vehicles were seen rolling into Dier Hafar and Maskana Saturday. Thousands have fled the northern Syrian towns in recent days.
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.
Entertainment
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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
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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
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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
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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
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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
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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
The Uplift: A surprise from Shaq
Shaquille O'Neal steps in to a young 7-foot-3 police recruit from Texas. Plus, a behind-the-scenes look at the reality competition show "The Traitors," and more heartwarming news.
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.