Dow slips slightly ahead of Trump tariff day
The Dow Jones slipped slightly on Tuesday as investors braced for President Trump's reciprocal tariff announcement. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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The Dow Jones slipped slightly on Tuesday as investors braced for President Trump's reciprocal tariff announcement. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Investors are concerned about President Trump's plans to roll out new tariffs on April 2, which economists say could reignite inflation.
From the grocery store to the car dealership, the U.S. is bracing for President Trump's looming tariffs to become a reality. On Wednesday, the president will roll out reciprocal tariffs to match any import taxes other countries have on the U.S. CBS News' Willie James Inman and Kelly O'Grady have the latest.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
The Trump administration will unveil its long-planned reciprocal tariffs this week with a 25% import tax on foreign-made cars and auto parts also set to go into effect. CBS News' Fin Gómez, Kelly O'Grady and Anthony Salvanto have more.
Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
On Friday, President Trump spoke with new Canadian Prime Minister Mark Carney for the first time, Vice President JD Vance visited a U.S. military base in Greenland as the administration pushes for a takeover of the island territory and investors dumped stocks amid tariff turmoil. CBS News' Ed O'Keefe and Jo Ling Kent have the latest.
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
President Trump withdrew New York Rep. Elise Stefanik's bid to be the next ambassador to the United Nations on Thursday, with Republicans' tight House majority likely to blame. Plus, the Dow Jones and some auto stocks dropped one day after the president announced a 25% tariff on imported cars. CBS News' Ed O'Keefe, Nikole Killion and Kelly O'Grady have the latest.
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Adm. Brad Cooper provided updates on U.S. efforts to get oil out of the Persian Gulf after a bad week of news on the energy markets.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland.
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
The proposed sale is subject to congressional review.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
A federal appeals court ruled Friday that U.S. immigration officials must offer detainees "a meaningful opportunity to contest" any deportation to countries where they have no ties.
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
Wildfires have burned more than 8.5 million acres of land in the U.S. this year, and at the peak of the season, there weren't enough people or equipment to fight them.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
The manufacturer has received hundreds of reports of blankets "smoking, melting or burning" due to overheating, according to a recall notice.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
The twins were born in Ethiopia with a rare condition that left them joined at the head. Doctors spent a year planning a separation surgery.
Porsha Williams revealed to "CBS Mornings" co-anchor Gayle King that she had to undergo an emergency partial hysterectomy this year after doctors discovered 21 uterine fibroids
Two-year-old conjoined twin sisters saw each other face-to-face for the first time after a successful 24-hour surgery to separate them. Ian Lee reports from the children's hospital in St. Louis, where it happened.
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island — or take it over.
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
In his memoir, the Hollywood superagent and mogul writes of coming to blows in the competitive entertainment universe – and, in one instance, being sidelined by the business end of a truck.
President Trump bans some journalists from the White House, how Apple broke into retail, plus Tex-Mex barbecue on The Dish.
Latin superstar Juan Esteban, known as Juanes, has won 29 Grammys and sold out venues across the world. He joined Lilia Luciano to discuss his career, new work and giving back to his home country of Colombia in a time of great need.
Justus Kelley made history after she became the first married woman and the first mom to earn the Miss USA sash and crown. Kelley shares her experience with the iconic pageant and speaks about her philanthropic work.
"Rolling Stone" dubbed Texas-born singer-songwriter Bella Kay an artist you need to know. Her songs about alienation, heartache and survival have broken through to a massive audience, with hit song "The Sick" streaming over 220 million times. Her debut album, "My Reckless Abandon," is out now. Here's Bella Kay with "iloveitiloveitiloveit."
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
"What Not to Wear" stylist Stacy London and co-founder Ruth Foxe Blader share all about their new digital closet organizing service, Starmoire.
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.
Ron Johnson, Apple's former senior vice president of retail, explains how the tech company welcomed physical shoppers in his book, "Shop Different: How Retail Revealed Apple's Genius."
More than 100 artificial intelligence experts have signed a public letter to express the need for independent AI safety evaluators. Princeton computer science professor Arvind Narayanan, who signed the letter, joins CBS News to discuss.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
In an exclusive interview airing Sunday on 60 Minutes, Patrick Clancy shares his side of the story, just weeks after his ex-wife Lindsay Clancy's murder trial ended without a verdict. Ross Douthat sat down with Patrick Clancy to discuss life after trauma and what lies ahead.
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time. Watch more of the interview on 60 Minutes on Sunday.
The holdout juror in Lindsay Clancy's triple murder case has released a statement. Shanelle Kaul reports.
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
A Tennessee grandmother is suing the city of Fargo, North Dakota, after facial recognition software linked her to a crime she didn't commit, which led to a nearly six-month stay in jail. CBS News' Nicole Valdes has more.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
President Trump bans some journalists from the White House, how Apple broke into retail, plus Tex-Mex barbecue on The Dish.
Chef and pitmaster Brandon Hurtado blends Texas tastes with Mexican American barbecue traditions at Hurtado BBQ.
"What Not to Wear" stylist Stacy London and co-founder Ruth Foxe Blader share all about their new digital closet organizing service, Starmoire.
Latin superstar Juan Esteban, known as Juanes, has won 29 Grammys and sold out venues across the world. He joined Lilia Luciano to discuss his career, new work and giving back to his home country of Colombia in a time of great need.
Ron Johnson, Apple's former senior vice president of retail, explains how the tech company welcomed physical shoppers in his book, "Shop Different: How Retail Revealed Apple's Genius."