Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Stock Market
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Why are GameStop shares on the rise again?
The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine what could be behind the stock's sudden surge.
Stocks waver and oil prices rise after Israeli missile strike on Iran
Direct conflict between Israel and Iran, which threaten global oil supplies and could drive up energy costs, has investors on edge.
Trump Media stock down since March peak
Stocks for former President Donald Trump's Truth Social parent company are sinking. Javier E. David, the business and markets managing editor for Axios and a CBS News contributor, breaks down the factors affecting Trump Media & Technology Group's shares.
U.S. adds 303,000 jobs in March
New data from the Labor Department shows the U.S. added 303,000 jobs in March, beating the Dow Jones estimated gain of around 200,000 jobs. CBS News business analyst Jill Schlesinger breaks down the numbers and acting Labor Secretary Julie Su joins CBS News with her reaction.
What's next for Disney after board fight?
Disney stockholders gave the company's current leadership a win on Wednesday, reelecting all 12 board members and rejecting two hedge funds that fought for seats. Brooks Barnes, senior staff writer for The New York Times, joins CBS News to discuss what the results mean for the company's future.
Tesla stock falls 5% as quarterly sales drop
Tesla has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
What to know about Trump Media's Nasdaq debut
Trading began Tuesday for the Trump Media & Technology Group, parent to former President Donald Trump's Truth Social media platform. The firm ended the day at nearly $58 per share with a total valuation of $7.9 billion. Amrith Ramkumar, finance reporter for The Wall Street Journal, joins CBS News to assess the stock's debut performance.
Reddit stock surges in first day of trading
Reddit made its stock market debut Thursday, raking in about $519 million by the closing bell. Hope King, senior business reporter at Axios, joins CBS News to discuss what investors might find attractive about the social media company.
Reddit makes stock market debut
Reddit, the popular social media platform, has gone public after almost two decades after its launch. CBS News senior business and technology correspondent Jo Ling Kent has more on what Reddit will have to modify as it seeks to make profits for shareholders.
Why new inflation numbers aren't alarming Fed
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
Stock market soars to record highs
The tech-centric Nasdaq is closing at a new high, driven by enthusiasm for artificial intelligence. This milestone marks its first record peak since 2021.
Stocks tumble after hot inflation report
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Dow tumbles more than 700 points after hot inflation report
Stocks slumped after government data showed that U.S. inflation in January remained stubbornly high, dousing investor hopes.
Millennial, Gen Z wealth has grown, data shows
A recent New York Federal Reserve analysis shows Americans under 40 are benefiting from the rising stock market. Alicia Adamczyk, a senior writer for Fortune, has been reporting on the surge among younger generations.
One group has seen its wealth surge since 2019: Americans under 40
Younger workers enjoyed the biggest percentage gain in wealth since the pandemic, the New York Federal Reserve found.
Why tech stocks are driving market gains
Several factors, like the boom in artificial intelligence in the past few years, have created higher value for tech companies stocks in the market that are driving market gains. Joe Rennison covers financial markets for The New York Times and joins CBS News with his take on the strength of the "magnificent seven" group of tech stocks.
S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Breaking down stock market's 1st week of 2024
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
401(k) opportunities from market volatility
If you're looking to grow your 401(k) you may need to keep an eye on it more than usual this year as an unsettled market presents opportunities. Bourree Lam, an author of The Wall Street Journal book "The New Rules of Money," joined CBS News to talk about ways to increase your retirement fund.
Examining the controversial U.S. Steel sale
A $14 billion deal for Japan's Nippon Steel to buy out U.S. Steel is facing stiff opposition. CBS Pittsburgh money and politics editor Jon Delano examines the details of the sale — and why lawmakers oppose it.
Costco sells $100 million in gold bars amid inflation fears
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Live
Israel-Lebanon ceasefire extended by 3 weeks, Trump says
The announcement followed a second round of peace talks in Washington.
Hegseth and Caine holding Iran war briefing amid Strait of Hormuz tensions
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine are briefing reporters Friday as the U.S. and Iran ratchet up their competition for control over shipping traffic.
U.S. special forces soldier who won $409K on Maduro bet is arrested
The soldier allegedly bet on Nicolás Maduro's removal as president of Venezuela before news of the raid was reported, a law enforcement source told CBS News.
Trump says he'll resurface Lincoln Memorial Reflecting Pool, turning it blue
President Trump's renovation kick has now reached the Lincoln Memorial Reflecting Pool.
1 killed, 5 injured and 5 in custody in shooting at Mall of Louisiana, police say
Police said the shooting appeared to have happened after two groups of people got into an argument in the mall's food court.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
Former federal prosecutors see legal flaws in DOJ's SPLC indictment
Former federal prosecutors think the indictment struggles to articulate the elements of the alleged crimes in the case, a problem that could lead to its full or partial dismissal.
Oklahoma tornado destroys homes, forces Air Force base to close
A powerful tornado in Oklahoma on Thursday ripped roofs off buildings, destroyed homes, knocked down power poles and forced an Air Force base to close.
2 missing USF doctoral students are now considered endangered, police say
Zamil Limon and Nahida Bristy, both 27, were last seen in the Tampa area on April 16, the University of South Florida Police Department said. Loved ones say their disappearances are out of character and they're concerned.
U.S.
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Oklahoma tornado destroys homes, forces Air Force base to close
A powerful tornado in Oklahoma on Thursday ripped roofs off buildings, destroyed homes, knocked down power poles and forced an Air Force base to close.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
DOJ office aiding indigent immigrants stalls after lawyers were reassigned
Attorneys for a DOJ program that accredits nonprofits to help provide legal help to immigrants were transferred last month, creating setbacks for a number of legal aid groups.
Planning a summer flight? Book now before prices surge, airline experts say.
"If you haven't booked for this summer, get busy," Atmosphere Research Group Airline industry analyst Henry Harteveldt told CBS News.
US special forces soldier who won $409K on Maduro bet is arrested
The soldier allegedly bet on Nicolás Maduro's removal as president of Venezuela before news of the raid was reported, sources told CBS News.
MoneyWatch
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Planning a summer flight? Book now before prices surge, airline experts say.
"If you haven't booked for this summer, get busy," Atmosphere Research Group Airline industry analyst Henry Harteveldt told CBS News.
Air travel prices likely to get worse in coming weeks, Chevron CEO says
Travelers could see airline fares rise and fewer flights available in the coming weeks, Chevron CEO Mike Wirth said in an interview with "Face the Nation with Margaret Brennan."
Only one Trump "gold card" visa has been approved, Lutnick says
The Trump administration started accepting applications in December for foreigners willing to pay $1 million for the right to live in the U.S.
Nearly 208,000 heated socks sold at Costco recalled due to burn injuries
The 32 Degrees Heated Socks can pose a burn risk due to the combination of heat, friction, moisture and pressure created during athletic activities.
Meta to cut 8,000 jobs as it charges into AI
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
Politics
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Hegseth and Caine holding Iran war briefing amid Strait of Hormuz tensions
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine are briefing reporters Friday as the U.S. and Iran ratchet up their competition for control over shipping traffic.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
DOJ office aiding indigent immigrants stalls after lawyers were reassigned
Attorneys for a DOJ program that accredits nonprofits to help provide legal help to immigrants were transferred last month, creating setbacks for a number of legal aid groups.
US special forces soldier who won $409K on Maduro bet is arrested
The soldier allegedly bet on Nicolás Maduro's removal as president of Venezuela before news of the raid was reported, sources told CBS News.
Trump says he'll resurface Lincoln Memorial Reflecting Pool, turning it blue
President Trump's renovation kick has now reached the Lincoln Memorial Reflecting Pool.
HealthWatch
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Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
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.
World
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10 cartel members linked to notorious drug lord's brother captured in Mexico
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Tourists rescued from cliff as huge waves inched closer
A group of seven tourists, including three children, became trapped on a cliff when the tide came in during a morning walk on an Australian beach.
Lebanon accuses Israel of war crime in killing of journalist
A journalists' union said rescuers were prevented from accessing the destroyed building where reporter Amal Khalil was left trapped beneath rubble.
U.S. forces board Iran-linked vessel amid tit-for-tat ship interdictions
U.S. forces have intercepted and boarded another "stateless" vessel linked to Iran, the U.S. military says.
Prince Harry implores U.S. to do more for Ukraine during surprise Kyiv visit
Prince Harry made an unannounced visit to Ukraine on Thursday to show his support for the country.
Entertainment
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Entertainment
"Survivor" castaway on elimination from game
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"Giant" explores Roald Dahl scandal
"Giant," which is now on Broadway, dramatizes a real-life scandal that stained the legacy of world-famous children's author Roald Dahl. Anthony Mason spoke to John Lithgow, who stars in the play, and playwright Mark Rosenblatt.
DiCaprio speaks at 2016 Paris Agreement signing
On April 22, 2016, the U.N. held a signing ceremony for the Paris Agreement, an international treaty aimed at curbing climate change, featuring several speakers from various nations, including actor and environmental activist Leonardo DiCaprio. Watch his full speech from the event.
Donnie Wahlberg talks "Boston Blue" success
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.
Vinyl record sales continue resurgence
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Technology
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Meta to cut 8,000 jobs as it charges into AI
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
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.
How to dispose of e-waste this Earth Day
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
Meta to track workers' computer use to train AI
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company's artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss.
Science
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Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
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.
Crime
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10 cartel members linked to notorious drug lord's brother captured in Mexico
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Police stop man before alleged mass shooting
Florida police say they stopped a mass shooting by arresting a man who was on his way to Jazz Fest in New Orleans with a handgun and hundreds of rounds of ammunition. Cristian Benavides has details.
2 rival groups open fire in mall food court
A shooting broke out at a major mall in Baton Rouge, Louisiana, where police said a feud in the food court ended with bullets flying and at least five people in the hospital. Matt Gutman reports.
What to expect from Baton Rouge investigation
At least one person was killed and several others were hurt during a shooting at a mall in Baton Rouge, Louisiana, Thursday. Police have five suspects in custody. CBS News' Anna Schecter has more. Editor's note: CBS News has removed an earlier report in light of new information from Louisiana authorities about the number of people hurt in the shooting.
IRS warns of surge in crypto fraud schemes
IRS investigators say artificial intelligence is fueling a surge in cryptocurrency fraud schemes. CBS News' Anna Schecter has the details.
Space
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Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
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.
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
Overview of Lori Chavez-DeRemer allegations
Earlier this week, Lori Chavez-DeRemer announced she would leave her post as labor secretary. The news came as multiple outlets reported on an internal investigation into alleged workplace misconduct. CBS News has not independently confirmed the allegations. NOTUS reporter Anna Kramer joins "The Daily Report" to discuss.
4/23: The Takeout with Major Garrett
Trump gives shoot and kill order for boats putting mines in Strait of Hormuz; Chevron CEO expects air travel disruptions due to jet fuel shortage.
What's next for Warner, Paramount Skydance?
Warner Bros. Discovery shareholders voted on Thursday to approve Paramount Skydance's acquisition of the company in a deal valued at roughly $81 billion. Paramount Skydance is the parent company of CBS News. CBS News senior business and tech correspondent Jo Ling Kent reports on the vote and next steps.
Marathon runner loses after celebrating early
A participant in the Delaware Running Festival is going viral after he slowed down to celebrate before crossing the finish line and lost first place. Carson Mello joins CBS News to discuss the moment.
Police department throws dog a retirement party
Dallas Police Corporal Scott Jay has been in some dangerous situations on the job, but nothing like when he and his K-9 were shot. Tony Dokoupil has the story.