Stocks shift into reverse as Trump rolls out new auto tariffs
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
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President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
Investors on Wall Street are bracing for President Trump's looming tariffs on auto imports. He is expected to unveil the new duties on Wednesday. CBS News senior business and tech correspondent Jo Ling Kent reports.
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Mounting concerns about the Trump administration's trade policies are driving institutional investors away from U.S. stocks.
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.
Investors await Federal Reserve interest-rate decision this week, while bracing for another round of U.S. tariffs.
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Wall Street is looking to bounce back this week after the Dow posted its biggest one-week loss since 2023. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The first weeks of the new Trump administration have sparked stock market jitters and recession fears. Here's advice from top experts.
Tesla sales are down, its stock prices are slumping and the Elon Musk-led electric vehicle company has just lost another previously satisfied customer in the U.S. Senate: Mark Kelly of Arizona. Political strategists Kevin Sheridan and Chuck Rocha join "America Decides" to analyze this and the Democrats' bad week in Congress.
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
President Trump sat down with NATO Secretary General Mark Rutte on Thursday as the U.S. pushes for a ceasefire between Ukraine and Russia. While Russian President Vladimir Putin backed a deal in principle, he said he has "reservations." CBS News' Nancy Cordes and Margaret Brennan have the latest.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Consumer price index data for February shows inflation slowed for the first time since September. It comes as investors navigate uncertainty over President Trump's tariffs. CBS News' Kelly O'Grady and Natalie Brand report.
President Trump's tariffs and a string of rough days on Wall Street are stoking anxiety over a possible recession in the United States. Kristin Myers, editor-in-chief for ETF.com, joined CBS News to discuss the economy.
When the market crashed earlier this week, a White House adviser said, "We're seeing a strong divergence between animal spirits of the stock market and what we're actually seeing unfold from businesses." But what does the "animal spirits" remark mean, and how is it evolving? John Dickerson explains.
U.S. stocks racked up heavy losses for a second straight day in a volatile session that had investors fixated on President Trump's ever-evolving trade war with Canada. Kelly O'Grady explains.
The 60-day deadline for the U.S. and Iran to negotiate a peace deal and reopen the Strait of Hormuz is expiring, with no agreement in sight.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the sci-fi series "Heroes," has died at the age of 36.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
The baby was born with hypoplastic left heart syndrome, which requires a series of surgeries. The parents had asked the surrogate to get an abortion when they learned of the diagnosis.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
Two Penn State fraternities are at the center of a cocaine trafficking ring bust, leading to charges against 14 people, authorities said.
The long-unsolved drive-by shooting gripped the hip-hop community, partly because no one was charged until Duane "Keffe D" Davis was indicted in 2023.
"The boulders that were coming down were so heavy they were like shaking the ground," resident Alice Birnbaum told CBS News.
After failing to deliver subpoenas itself, the BBC has asked a Florida court to compel three of President Trump's family members to testify over the Jan. 6 attack on the Capitol.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
"The boulders that were coming down were so heavy they were like shaking the ground," resident Alice Birnbaum told CBS News.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
Lindsay Clancy has pleaded not guilty to murdering her children, but her attorneys don't deny that she caused the deaths of 5-year-old Cora, 3-year-old Dawson and 8-month-old Callan.
The baby was born with hypoplastic left heart syndrome, which requires a series of surgeries. The parents had asked the surrogate to get an abortion when they learned of the diagnosis.
The car manufacturer is also recalling another 107,000 vehicles outside the U.S. over the same issue.
The website HaveIBeenFlocked has compiled a database of 4.6 million license plate records that have appeared in roughly 242 million Flock searches.
The plan has sparked criticism from Democrats, who argue that granting bank status to a business affiliated with the Trump family poses a conflict of interest.
Americans think more young people in office would make politics better.
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
The allegations include "engaging in inappropriate sexual contact with a House staffer," according to the committee.
President Trump praised lifeguard Ryder Williams for his bravery, saying his rescue of a 10-year-old boy in treacherous waters was "incredible."
Defense Secretary Pete Hegseth was scheduled to head to Iowa on Monday to give remarks, speak to veterans and campaign, sources told CBS News.
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Israel's far-right national security minister Itamar Ben-Gvir calls for nightly "targeted assassinations" in Gaza: "They're not even people."
President Trump and Defense Secretary Pete Hegseth have disputed concerns about conditions aboard the aircraft carrier USS Abraham Lincoln.
After failing to deliver subpoenas itself, the BBC has asked a Florida court to compel three of President Trump's family members to testify over the Jan. 6 attack on the Capitol.
Thousands of people are still waiting for aid on Indonesia's Flores island days after a powerful earthquake killed at least 68 people.
British Prime Minister Andy Burnham exchanged messaged with someone pretending to be White House chief of staff Susie Wiles.
With no signs of foul play or trauma, authorities said the investigation into actor Hayden Panettiere's death is just beginning. The former child star was on "Guiding Light" and also had breakout roles in "Heroes" and "Nashville." She died at 36 years old. Mark Strassmann reports.
Opening statements were delivered in Tupac Shakur's long-awaited murder trial on Monday. Nearly 30 years ago, the iconic rapper was killed in a drive-by shooting in Las Vegas, a pivotal moment in music history. CBS News legal reporter Katrina Kaufman reports.
Becky G speaks with Gayle King about the latest developments in her career, her new music, the intersection of advocacy and art in her latest videos and more.
The trial has begun for the man accused of ordering the 1996 murder of Tupac Shakur, Duane "Keffe D" Davis. CBS News legal reporter Katrina Kaufman has more.
Co-stars and friends of Hayden Panettiere are remembering her for her friendship, intelligence and talent after her shocking death on Sunday.
Alpha School is a private school that teaches students subjects like math and reading with artificial intelligence apps. Mackenzie Price, co-founder of Alpha School, joins CBS News to discuss.
More home listings are using AI to add furniture, repaint walls, spruce up landscaping and even add windows. But when does virtual staging cross the line into deception or even fraud? CBS News' Evyn Moon explores.
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.
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species. (Originally broadcast March 22, 2026.)
Above Earth's atmosphere, an arms race is unfolding. Thousands of miles above the ground, satellites from different companies and nations are observing us and each other. To learn more, Olivia Gazis traveled to Vantor, a Colorado-based satellite technology company.
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
After a 63-year-old woman in Las Vegas didn't return from a trip to the drugstore, her family said they started getting text messages from the woman's phone. The family spoke with Nicole Valdes.
The defense began its work on Monday in the case of Lindsay Clancy, the Massachusetts woman on trial for killing her three children. Her mother and sister took the stand and Shanelle Kaul has the details.
Thirteen former and current Penn State students, and one student's father, are facing charges related to an alleged cocaine ring. Prosecutors allege drugs were cut and packaged at two frat houses, sometimes by pledges. Michael George reports.
Opening statements were delivered in Tupac Shakur's long-awaited murder trial on Monday. Nearly 30 years ago, the iconic rapper was killed in a drive-by shooting in Las Vegas, a pivotal moment in music history. CBS News legal reporter Katrina Kaufman reports.
Lindsay Clancy has pleaded not guilty to murdering her children, but her attorneys don't deny that she caused the deaths of 5-year-old Cora, 3-year-old Dawson and 8-month-old Callan.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
The Perseid meteor shower is the best viewing all year, according to NASA.
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Lala battered Hawaii as a hurricane, bringing heavy rain, damaging winds and mudslides. CBS News' Jonathan Vigliotti has more.
Attorney General Todd Blanche is refusing to put up a wall between the Justice Department and the executive branch. CBS News legal contributor Jessica Levinson has more.
It has been 60 days since the U.S. and Iran signed a memorandum of understanding that called for negotiations to reach a larger peace deal. Despite that, the war continues. CBS News national security contributor Joseph Zacks has more.
Lightning struck a natural gas tank south of Tulsa, Oklahoma, sparking a massive fire that spread to nearby tanks. Jason Allen has new developments.
After a 63-year-old woman in Las Vegas didn't return from a trip to the drugstore, her family said they started getting text messages from the woman's phone. The family spoke with Nicole Valdes.