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
U.S. launches more Iran strikes as threats to oil trade deepen
President Trump threatened to bomb an Iranian bridge or power plant for every ship attacked in the Strait of Hormuz, as one shipping insider says "nothing is going through."
House GOP advances $95B plan to fund Iran war and SAVE America Act
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
Secret Service warns of high threat levels before White House Correspondents' Dinner
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
Tropical Storm Bertha makes landfall on Gulf Coast. See its path.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
Nolan Wells' cause of death undetermined, family's autopsy shows
Nolan Wells, 18, was found dead just off Horn Island in Mississippi after enjoying a day out with friends on July 4.
DOJ sues over immersion water heaters that can burst into flames
The Justice Department is trying to force the two Chinese companies to recall immersion water heaters used for bathtubs and pools.
Lung cancer in nonsmokers: "A women's health crisis"
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
U.S.
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Secret Service warns of high threat levels before White House Correspondents' Dinner
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
First beluga whales from Marineland arrive in Texas as rescue underway
Two beluga whales settled into their new home at SeaWorld San Antonio this week following an international relocation mission from shuttered Canadian theme park Marineland.
House GOP advances $95 billion plan to fund Iran war and SAVE America Act
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
MoneyWatch
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House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
ChatGPT's medical advice nearly killed a man, lawsuit claims
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
What Trump's generic drug tariffs could mean, according to experts
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
"Nothing is going through" the Strait of Hormuz, shipping insider says
Despite U.S. assertions, the CEO of a maritime risk firm says "there is no guarantee of safe passage" through the Strait of Hormuz.
Kalshi debuts a midterm election hub to predict race outcomes
The site claims its hub will provide accurate insights into election outcomes based on traders' bets.
Politics
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Mayor who survived assassination attempt shot dead in town hall
Mayor Valentin Lavin, who was allied to President Claudia Sheinbaum's leftist party, had already survived an armed attack in January, according to local media reports.
Secret Service warns of high threat levels before White House Correspondents' Dinner
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
House GOP advances $95 billion plan to fund Iran war and SAVE America Act
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
HealthWatch
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HealthWatch
Pastor sues over ChatGPT medical advice
A pastor in Florida is suing OpenAI after he used ChatGPT for medical advice and received suggestions that he claims caused him to delay necessary treatment. Jo Ling Kent reports.
ChatGPT's medical advice nearly killed a man, lawsuit claims
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
What Trump's generic drug tariffs could mean, according to experts
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
FDA recalls antihistamine tablets. Here are the affected products.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Lung cancer in nonsmokers: "A women's health crisis"
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
World
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Mayor who survived assassination attempt shot dead in town hall
Mayor Valentin Lavin, who was allied to President Claudia Sheinbaum's leftist party, had already survived an armed attack in January, according to local media reports.
First beluga whales from Marineland arrive in Texas as rescue underway
Two beluga whales settled into their new home at SeaWorld San Antonio this week following an international relocation mission from shuttered Canadian theme park Marineland.
5,700 more deaths than usual recorded in France during heat wave
France experienced at least 5,700 more deaths than usual during a historic heat wave last month, according to the public health agency.
"Nothing is going through" the Strait of Hormuz, shipping insider says
Despite U.S. assertions, the CEO of a maritime risk firm says "there is no guarantee of safe passage" through the Strait of Hormuz.
U.S. and Saudi Arabia sign nuclear cooperation deal
The U.S. and Saudi Arabia signed a deal for U.S. companies to run nuclear power on Saudi soil, the U.S. Department of Energy announced Wednesday.
Entertainment
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Entertainment
Luke Bracey on "Little House on the Prairie"
Luke Bracey tells "CBS Mornings" the new "Little House on the Prairie" series was adapted from the books rather than a reboot of the TV show. He explains why he thinks it resonates with people today and how a playlist helped him and a co-star bond over their characters.
Anson Mount previews new "Star Trek" season
Anson Mount previews the fourth season of "Star Trek: Strange New Worlds." He talks about his introduction to "Star Trek" and why he thinks it's the best season yet.
Tenisha Warner, widow of Malcolm-Jamal Warner, opens up about being a single mom
Tenisha Warner sat down for an exclusive interview with "CBS Mornings" before a lawsuit over her late husband's estate became public, and discussed her grief and raising her daughter alone.
Inside the cameras used for "The Odyssey"
Christopher Nolan's "The Odyssey" has made history as the first feature-length film shot entirely on 70mm IMAX cameras. Jay Holben, technical editor for the American Cinematographer, joins CBS News to discuss.
Kaylee Hottle, actress in "Godzilla vs. Kong," dies at 18 in car crash
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
Technology
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Technology
Details on OpenAI system's unprompted hack
ChatGPT developer OpenAI says its artificial intelligence systems hacked into another AI company without prompting. Connor Leahy, U.S. director for ControlAI, joins CBS News to discuss.
Machine learning professor on OpenAI attack
OpenAI, the developer behind ChatGPT, says one of its artificial intelligence models went rogue and hacked another AI company. Neil Lawrence, professor of machine learning at the University of Cambridge, joins to assess the claim.
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.
New tech could help millions of paralyzed people
New findings identified a technology that could restore movement and sensation for millions of paralyzed people living with spinal cord injuries. Bradley Blackburn has the story.
OpenAI says new model hacked on its own
OpenAI says its new artificial intelligence model hacked another company on its own in what the company called "an unprecedented cyber incident." Mashable tech editor Tim Werth joins CBS News to discuss.
Science
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Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
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Crime
Pastor sues over ChatGPT medical advice
A pastor in Florida is suing OpenAI after he used ChatGPT for medical advice and received suggestions that he claims caused him to delay necessary treatment. Jo Ling Kent reports.
Rocket launcher hoax shakes LaGuardia
A Delta Airlines pilot coming in to land a flight with more than 100 people on board faced terrifying moments over LaGuardia Airport on Tuesday night after an anonymous caller falsely reported a rocket launcher on the ground. Tom Hanson has the story.
Florida police fire at murder suspect's car
Florida police fired a barrage of bullets at a vehicle belonging to a man wanted for the murder of a mother of four after he led them on a wild car chase. The suspect was taken into custody. Cristian Benavides has more.
Details from Nolan Wells' independent autopsy
An independent autopsy for Nolan Wells, the Mississippi teen who was found dead after a July Fourth boat party, has been released. Skyler Henry reports.
Hearing begins for singer D4vd
A multi-day hearing began Tuesday in Los Angeles where the singer known as D4vd is facing murder and other felony charges in the death of a teenage girl. CBS News' Gwen Baumgardner and Jessica Levinson have the latest.
Space
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Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
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.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Expert on cyclospora and the supply chain
Julie Swann, head of the department of industrial and systems engineering at North Carolina State University, joins "The Daily Report" to discuss the tracking and tracing underway as the U.S.' cyclosporiasis outbreak surpasses 4,000 cases.
Flooding in Louisiana after Bertha landfall
Forecasters say Tropical Storm Bertha will move over New Orleans on Wednesday night and then continue toward Houston. CBS News' Lana Zak and Zoe Mintz have the latest on the storm's impact.
Remembering the 4 recently fallen U.S. troops
A dignified transfer was held Wednesday for the four U.S. Army soldiers killed in the Middle East in recent days amid the ongoing war with Iran. Lindsey Reiser shares more details on Lt. Tyler James Feehan, Pvt. Isabella Gonzales, Sgt. Angel Rampersad and Sgt. Michael Emmanuel Swinton.
Nicolás Maduro back in court
Former Venezuelan President Nicolás Maduro and his wife, Cilia Flores, were back in court Wednesday as a trial date was set for their criminal drug trafficking charges. CBS News' Katrina Kaufman has more.
ICE detentions spiked in June
Newly-released ICE data shows more than 43,000 people were booked into immigration detention last month, the highest level since President Trump returned to office. CBS News' Camilo Montoya-Galvez reports.