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.
Live
Iran says it has no plans to attend peace talks with U.S.
Iran balks at Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
8 children killed in shooting in Louisiana as father targets his family
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
Exclusive
U.S. Army sergeant's wife detained by ICE in Texas after immigration appointment
The wife of a 27-year Army sergeant was detained by ICE at an immigration appointment in Texas. He says he doesn't understand why, and "ICE is out of control right now."
Major earthquake off Japan's north coast prompts tsunami warning
An earthquake with a preliminary magnitude of 7.5 has struck off Japan's northern coast, prompting a tsunami alert across the region.
6 missing after U.S.-flagged ship found overturned following typhoon
An HC-130 Hercules airplane crew confirmed the identity of the vessel as the Mariana, a 145-foot U.S.-registered dry cargo vessel, officials said.
What it could take for the U.S. to remove highly enriched uranium from Iran
The fate of the Iran war centers on highly enriched uranium, an essential ingredient for nuclear weapons. A post-Soviet-era operation that could inform a U.S. recovery mission in Iran.
How dangerous trucking companies escape their past and get back on the road
As truck traffic increases, government and industry haven't been able to stop thousands of so-called "chameleon carriers," with deadly consequences.
Exclusive
House GOP touts record fundraising haul in first three months of 2026
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
Mother, 6 kids die in central Pennsylvania house explosion
A mother and her six children died when their Central Pennsylvania home exploded and caught on fire Sunday morning, state police said.
U.S.
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6 missing after U.S.-flagged ship found overturned following typhoon
An HC-130 Hercules airplane crew confirmed the identity of the vessel as the Mariana, a 145-foot U.S.-registered dry cargo vessel, officials said.
Exclusive
House GOP touts record fundraising haul in first three months of 2026
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
Strike on alleged drug boat kills 3 in Caribbean Sea, U.S. military says
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canada's leader describes ties to U.S. as "weaknesses that we must correct"
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
Full transcript of "Face the Nation with Margaret Brennan," April 19, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and former Attorney General Eric Holder join Margaret Brennan.
MoneyWatch
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Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Oil prices plummet after Iran says Strait of Hormuz is "completely open"
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Here's who is spending money on AI subscriptions, and how much they cost
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
Politics
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Exclusive
U.S. Army sergeant's wife detained by ICE in Texas after immigration appointment
The wife of a 27-year Army sergeant was detained by ICE at an immigration appointment in Texas. He says he doesn't understand why, and "ICE is out of control right now."
Exclusive
House GOP touts record fundraising haul in first three months of 2026
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Strike on alleged drug boat kills 3 in Caribbean Sea, U.S. military says
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canada's leader describes ties to U.S. as "weaknesses that we must correct"
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
HealthWatch
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Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
World
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Live
Iran says it has no plans to attend peace talks with U.S.
Iran balks at Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
Fugitive on Europe's most wanted list is captured in Mexico
Janos Balla, also known as Daniel Takacs, was taken into custody in the beach resort city of Cancun, officials said.
Major earthquake off Japan's north coast prompts tsunami alert
An earthquake with a magnitude of 7.7 struck off Japan's northern coast, prompting a temporary tsunami alert across the region.
Strike on alleged drug boat kills 3 in Caribbean Sea, U.S. military says
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canada's leader describes ties to U.S. as "weaknesses that we must correct"
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
Entertainment
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Entertainment
4/19: Sunday Morning
Hosted by Jane Pauley. Featured: The purge of immigration judges; seeking accountability in trucking accidents; Don Cheadle and Ayo Edebiri on Broadway; portraitist Michael Shane Neal; the legacy of woodworker George Nakashima; an operatic car salesman; and Earth Day stories of advances in sustainability.
A portrait of portraitist Michael Shane Neal
Michael Shane Neal, perhaps America's greatest living portraitist, recently fulfilled a long-held ambition: to paint a living president. He talks with correspondent Martha Teichner about producing a portrait of former President Joe Biden. He also discusses "being in the zone" while painting a portrait; following in the footsteps of famed artists Everett Raymond Kinstler and John Singer Sargent; and becoming a TikTok fashion icon.
"Proof": Don Cheadle and Ayo Edebiri make their Broadway bows
The celebrated actors are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own.
Extended interview: Ayo Edebiri and Don Cheadle
In this web exclusive, actors Ayo Edebiri ("The Bear") and Don Cheadle ("Hotel Rwanda") talk with Tracy Smith about making their Broadway debuts in the revival of "Proof." They also discuss their love of live theater, and the early roles that inspired their passion for acting.
"Proof": Don Cheadle and Ayo Edebiri make their Broadway bows
Celebrated actors Don Cheadle and Ayo Edebiri are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own. Cheadle and Edebiri talk with Tracy Smith about exploring the dynamics of a parent-child relationship, and how their off-stage relationship helps them on-stage.
Technology
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Technology
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
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.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Can Allbirds take flight as an AI company?
The struggling shoe brand Allbirds announced it is exiting the footwear business and re-inventing itself as an artificial intelligence company. Max Darrow has more from San Francisco.
Science
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Science
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Crime
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Crime
8 kids killed in Louisiana mass shooting
Police in Shreveport, Louisiana, say Shamar Elkins killed eight children, seven of whom were his own kids, in a shooting early Sunday morning. The incident started as a domestic dispute and police say two women were also shot. Elkins was later killed in an exchange of gunfire with officers. Jason Allen reports.
Fugitive on Europe's most wanted list is captured in Mexico
Janos Balla, also known as Daniel Takacs, was taken into custody in the beach resort city of Cancun, officials said.
5 hurt in shooting near University of Iowa
Five people were injured Sunday in a shooting near the University of Iowa's campus in Iowa City. No arrests have been made yet.
8 kids killed in Louisiana shooting
Eight kids ranging in age from 1 to 14 were killed Sunday morning in a Shreveport, Louisiana, mass shooting. Jason Allen reports.
Police give update on Louisiana mass shooting
Officials in Louisiana held a news conference after 10 people were shot in a domestic disturbance that left eight children dead. Corporal Chris Bordelon of the Shreveport Police Department, Mayor Tom Arceneaux and Chief Wayne Smith provided updates on Sunday afternoon.
Space
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Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
Latest Galleries
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Notable Deaths in 2026
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
How will tariff refunds for businesses work?
The U.S. government could be on the hook for up to $175 billion in reimbursements after the Supreme Court ruled most of the Trump administration's sweeping tariffs were illegal. On Monday, the government is set to start processing tariff refunds for businesses that request them. Jo Ling Kent explains.
8 kids killed in Louisiana mass shooting
Police in Shreveport, Louisiana, say Shamar Elkins killed eight children, seven of whom were his own kids, in a shooting early Sunday morning. The incident started as a domestic dispute and police say two women were also shot. Elkins was later killed in an exchange of gunfire with officers. Jason Allen reports.
Uncertainty over U.S.-Iran peace talks
The Trump administration announced a new round of peace talks would take place in Pakistan with Vice President JD Vance set to lead the U.S. delegation. But Iran says it isn't ready to commit to new talks, citing "Washington's excessive demands." Nikole Killion reports.
4/19/2026: Iran's HEU; One Mother's Story; Wild Concerto
First, U.S. eyes Iran's highly enriched uranium. Then, Rachel Goldberg-Polin | 60 Minutes Interview. And, turning recordings of animals into music.
4/19: CBS Weekend News
Eight kids killed in Louisiana shooting; U.S.-Iran ceasefire on shaky ground.