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.
Live
Trump says he's not ready to make a deal with Iran as Gulf countries report new attacks
The war, which shows no signs of ending soon, has upended global air travel, disrupted oil exports from the region and sent fuel prices rising across the world.
Exclusive
U.S. intel shows Iran's late leader was wary of son in power, sources say
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
U.S.
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
MoneyWatch
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How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Chart shows what you're paying for when you buy a gallon of gas
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
High oil prices are boosting airfares. These tips could save you money.
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Toyota recalls 550,000 Highlander SUVs because seats may fail to lock
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Politics
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Exclusive
U.S. intel shows Iran's late leader was wary of son in power, sources say
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
HealthWatch
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
World
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Exclusive
U.S. intel shows Iran's late leader was wary of son in power, sources say
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Pope Leo moves into papal residence eschewed by Pope Francis
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Entertainment
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The 2026 Oscars are tonight. Here's how to watch live and what to know.
Hollywood's biggest stars are gearing up for the 98th annual Academy Awards. Here is what to know and how to watch the 2026 Oscars.
Oscars 2026: Behind the scenes with the best picture nominees
Watch scenes from the films nominated for best picture at the 98th annual Academy Awards, as well as interviews with the filmmakers.
Why the paparazzi aren't what they once were
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.
Meet one of the last true paparazzi
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Oscars 2026 predictions
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Judge in Charlie Kirk murder case makes ruling on media access
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
FBI: Synagogue attacker died by suicide
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials give update on synagogue attack
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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Notable Deaths in 2026
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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?
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Timeline: The disappearance of George Smith
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Latest CBS News Videos
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Jocelyn Peters and the Notebook
Why did a man eat pages from a notebook when facing questions about the murder of a third grade teacher? "48 Hours" correspondent Anne-Marie Green reports.
Watch: TSA lines amid DHS shutdown
Since the Department of Homeland Security shut down last month, Transportation Security Administration employees have been working without pay. Travelers around the U.S. saw long lines and delays as the agency grappled with staffing shortages and resignations.
Choke Point | Sunday on 60 Minutes
Iranian attacks on tankers and cargo ships have choked the flow of oil and goods through the Strait of Hormuz, a narrow passage connecting Persian Gulf oil producers to global markets. The disruption threatens to drive U.S. gas prices to record highs.
Two fired federal workers helping others like them
Two former federal workers are turning their firings into a movement to help others. Nikole Killion has their story.
Fliers facing long lines in U.S. amid DHS shutdown
Fliers in the U.S. experienced long lines at security as TSA agents worked without pay. Tim McNicholas has more on the major problems looming this spring break.