Stocks tumble as FedEx profit warning spooks investors
The market swoon adds to weekly losses sparked by a hotter-than-expected inflation report.
Stock Market
U.S. stocks rally to close higher after sharp selloff
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Wholesale prices up 8.7% since last year
The new wholesale prices report is echoing Wall Street's concerns that inflation isn't easing quickly enough. It comes on the heels of the worst day for stocks in more than two years. Matt Sapaula, founder of Money Smart Guy, joined CBS News to discuss.
Stocks plummet after August inflation report
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
Stocks plunge as inflation remains high
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain why the stock market dipped and what the economy could look like heading into the holiday season.
Stocks tumble on August inflation report
The Consumer Price Index report for August tanked the stock market as inflation continued to slow at a snail's pace. Emil Michael, chairman and CEO of DPCM, joins CBS News to discuss the impact on the overall economy.
Stock market faces volatility
Major stock indexes had a roller coaster day coming out of Labor Day weekend. Julia-Ambra Verlaine, markets report at the Wall Street Journal, joins CBS News at Tuesday's closing bell to discuss what was driving the market.
U.S. stocks end lower for 3rd straight week, despite jobs numbers
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Investors concerned aggressive rate hike could be coming
U.S. jobless claims declined for the third week in a row, according to numbers released by the Labor Department Thursday. However, investors fear it could give the Federal Reserve the opportunity to make another aggressive interest rate hike this month. Marley Kayden, economic journalist and a professor at DePaul University, joined CBS News to discuss the job market and its impact on the stock market.
U.S. stocks slump as investors continue to fret over Fed plans
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Stock market drops after Fed chair's speech
The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News' Catherine Herridge to discuss.
Fed chair’s remarks trigger market sell-off
Federal Reserve Chair Jerome Powell’s remarks on inflation triggered a massive sell-off on Wall Street. Melissa Armo, owner and founder of The Stock Swoosh, breaks down why investors aren’t thrilled with the Fed chair’s comments on a possible interest rate hike.
Stocks crumble after Fed dashes hopes for easing up on rates
S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
Stock market slows after Monday sell-off
The stock market stayed flat Tuesday after falling sharply Monday. Rebecca Walser, president of Walser Wealth Management, joins CBS News to explain how the sell-off is connected to fears over what the Federal Reserve has planned for next months interest rate hike.
Possible interest rate hikes and the market
Melissa Armo, the founder and owner of The Stock Swoosh, joins CBS News to discuss what's driving the stock market, why investors fear potential impending interest rate hikes from the Federal Reserve and the significance of China's economic slowdown overseas.
Stocks fall sharply amid renewed inflation fears
S&P 500 suffers its biggest drop since June as investors fret over the Fed's effort to tame inflation.
Bed Bath & Beyond stock plummets
Bed, Bath, and Beyond stock plummeted after influencer investor Ryan Cohen announced he sold his stake in the company. The fallout is highlighting the negative impact of so-called "meme stocks." Ed Butowsky, managing partner of Capwood Investment, joins CBS News to discuss the latest on the markets after the closing bell.
U.S. stocks slide as investors await details on next Fed hike
Stocks ended the week lower on Wall Street, as investors look ahead to Fed chairman's annual Jackson Hole speech next week.
"Meme stock" trading strikes again
Bed Bath and Beyond has become the latest "meme stock," skyrocketing its value past what traditional investors believe it's worth. Julie Hyman, an anchor at Yahoo Finance Live, joins CBS News at the closing bell to discuss the impact and what's moving the markets.
U.S. stocks up as investors focus on economy ahead of retail data
Walmart and Home Depot kick off a host of retail earnings reports on Tuesday, followed by Lowe's and Target.
U.S. stocks fly high, as S&P 500 ends 4th straight week of gains
Some investors believe inflation may have peaked, allowing Federal Reserve to be less aggressive with hikes.
Stock market recap
It turned out to be a relatively flat day on Wall Street. The Dow opened higher but took a turn midday, with the market dipping into the red. Chief economist for The Conference Board Dana Peterson joins CBS News' Tanya Rivero and Lilia Luciano to discuss.
Investors cheered by another sign U.S. inflation is easing
Economy is "experiencing a healthy deceleration, not a recession," Goldman Sachs analyst says.
Investors cheer July CPI report
Investors are reacting to the July Consumer Price Index report, which showed the annual rate of inflation at 8.5%, down from 9.1% in June. CBS News' Tanya Rivero and Elaine Quijano speak with Insider reporter Ben Winck on what the report means for American consumers.
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Exclusive
Trump administration to cut 5,000 U.S. troops from Germany
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
Live
Trump "not satisfied" with new peace deal offered by Iran
President Trump said on Friday he did not like Iran's new proposal to end the war as the Strait of Hormuz standoff sends costs soaring around the world.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
"This is it tonight": Spirit Airlines pilots sign off on final flights
Air traffic control audio records showed the exchanges between controllers and the pilots of some of Spirit Airlines' final flights
Berkshire Hathaway has 1st annual meeting without Warren Buffett
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
Mexican governor accused by U.S. of drug trafficking temporarily steps down
The U.S. accuses Sinaloa Gov. Ruben Rocha Moya of working with cartels to distribute "massive quantities" of narcotics to the United States.
Judge rebukes prosecutors in hearing for accused correspondents' dinner gunman
A federal judge scolded prosecutors for pushing to move forward with detention proceedings for accused correspondents' dinner gunman Cole Allen, even though Allen agreed to remain in custody.
Bard College president to retire after revelations of his ties to Epstein
The longtime president of Bard College announced his retirement, months after it was revealed that he had a much deeper relationship with convicted sex offender Jeffrey Epstein than was previously known.
U.S.
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"This is it tonight": Spirit Airlines pilots sign off on final flights
Air traffic control audio records showed the exchanges between controllers and the pilots of some of Spirit Airlines' final flights
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Bard College president to retire after revelations of his ties to Epstein
The longtime president of Bard College announced his retirement, months after it was revealed that he had a much deeper relationship with convicted sex offender Jeffrey Epstein than was previously known.
Tennessee, Alabama take steps to redraw House maps in wake of Supreme Court ruling
The Republican governors of Tennessee and Alabama called state lawmakers into special sessions on Friday, initial steps in what could be a scramble to redraw congressional maps after the Supreme Court narrowed the Voting Rights Act.
After a fire torched their Nebraska ranch, anonymous donors came to their rescue
Mike and Kayla Wintz lost their entire 11,000-acre ranch to a wildfire in the span of about two hours. They have since been gifted about $80,000 worth of hay, mostly from anonymous donors.
MoneyWatch
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Berkshire Hathaway has 1st annual meeting without Warren Buffett
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Pickleball Inc. $225 million deal creates new home for sport
The deal merged Major League Pickleball and the Carvana PPA Tour, two of the nascent sport's most active entities, under one company, Pickleball Inc.
Exclusive
Ford CEO says company is focusing on making vehicles more affordable
Ford CEO Jim Farley tells CBS News, "Most of our new models are going to be more affordable versions."
What will a Spirit Airlines shutdown mean for travelers?
Have tickets to fly on Spirit? Here's what to know about refunds and alternative flights as the budget airline ceases operations.
Politics
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Tennessee, Alabama take steps to redraw House maps in wake of Supreme Court ruling
The Republican governors of Tennessee and Alabama called state lawmakers into special sessions on Friday, initial steps in what could be a scramble to redraw congressional maps after the Supreme Court narrowed the Voting Rights Act.
Trump tightens U.S. sanctions on Cuba, signaling a warning to the island, expert says
The new measures increase pressure on foreign financial institutions by threatening their access to U.S. markets if they continue to work with Cuban government entities.
Judge rebukes prosecutors in hearing for accused correspondents' dinner gunman
A federal judge scolded prosecutors for pushing to move forward with detention proceedings for accused correspondents' dinner gunman Cole Allen, even though Allen agreed to remain in custody.
Exclusive
Trump administration to cut 5,000 U.S. troops from Germany
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
Judge blocks Trump from ending deportation protections for Yemenis
A federal judge on Friday blocked the Trump administration from revoking legal protections for more than 2,800 Yemeni nationals.
HealthWatch
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Football practice was leaving a teen fatigued. A rare cancer was to blame.
Cameron Rider's fatigue, body aches and fever were diagnosed as pneumonia, but he couldn't seem to get better.
Appeals court blocks mailing of abortion pill mifepristone in U.S.
A federal appeals court has restricted access to one of the most common means of abortion in the U.S. by blocking the mailing of mifepristone.
FDA expands access to drug helping pancreatic cancer patients
Former Sen. Ben Sasse, 54, called daraxonrasib "a miracle drug" that was allowing him to live longer and with less pain.
Nebraska becomes first U.S. state to enact Medicaid work requirements
The "big beautiful bill" requires U.S. states to add work requirements to Medicaid by January 2027. Experts warn millions could lose health coverage.
Delays in visa program threaten placement of hundreds of doctors in underserved areas
Hundreds of foreign doctors about to complete training in the U.S. will have to leave the country if the federal government doesn't rapidly process their visa waiver applications, immigration attorneys say.
World
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Mexican governor accused by U.S. of drug trafficking temporarily steps down
The U.S. accuses Sinaloa Gov. Ruben Rocha Moya of working with cartels to distribute "massive quantities" of narcotics to the United States.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
Exclusive
Trump administration to cut 5,000 U.S. troops from Germany
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
Trump tells Congress "hostilities" with Iran have "terminated"
President Trump on Friday told Congress that hostilities with Iran have "terminated," addressing a critical 60-day deadline.
Book excerpt: "The New Tourist" by Paige McClanahan
Journalist Paige McClanahan writes about how tourism shapes societies and individuals, and about the need to redefine the meaning of "tourist" in today's shrinking world.
Entertainment
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Entertainment
Andy Serkis on "Animal Farm"
Andy Serkis, the iconic voice of Gollum in "Lord of the Rings," speaks with "CBS Saturday Morning" about his latest project, an animated version of George Orwell's "Animal Farm."
Manish Malhotra on his design journey
Indian fashion designer Manish Malhotra is no stranger to American red carpets, counting Beyoncé, the Kardashians and Rihanna as clients. Malhotra spoke with "CBS Saturday Morning" about his start as a Bollywood costume designer ahead of Monday's Met Gala.
Billie Marten performs "Feeling"
English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Feeling."
Billie Marten performs "Crown"
English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Crown."
Billie Marten performs "Leap Year"
English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Leap Year."
Technology
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Technology
Reducing data center impact on U.S. power grid
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins to discuss.
Apple's latest earnings beat expectations
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
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.
Elon Musk concludes testimony in OpenAI trial
Elon Musk's testimony concluded Thursday in his lawsuit against OpenAI. Nicholas Thompson, CEO of The Atlantic and host of "The Most Interesting Thing in AI" podcast, joins "The Takeout" with analysis.
Elon Musk cross-examined in OpenAI trial
Elon Musk was cross-examined in his lawsuit against OpenAI on Thursday. In testimony on Wednesday, he said he was "a fool" for funding OpenAI. He is accusing OpenAI and its CEO, Sam Altman, of betraying him and the public by abandoning its core mission as it transitioned from a nonprofit to a for-profit company. WIRED senior writer Maxwell Zeff joins CBS News to discuss.
Science
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Science
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
Crime
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Crime
New video of correspondents' dinner suspect
New video shows the alleged White House Correspondents' Dinner shooter breaching event security after roaming the hotel hallways prior to the dinner.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
3 months since Nancy Guthrie's disappearance
Friday marked exactly three months since Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing. Briana Whitney, a breaking news reporter for the Crime Junkie podcast, joins "The Daily Report" with more.
WHCA scholarship recipients on shooting
For more than 100 years, the White House Correspondents' Dinner has celebrated the First Amendment and freedom of the press. The annual event is also a fundraiser for journalism scholarships. This year, the White House Correspondents' Association awarded $156,000 in grants to 30 college students. Two recipients, Kaitlin Bender-Thomas and Madison Maynard, join "The Daily Report" to discuss the shooting.
New video in D.C. dinner shooting
Newly released video shows the White House Correspondents' Dinner shooting suspect and his movements ahead of the attack. Other video also shows a clearer image of the confrontation between law enforcement and the suspect. CBS News' Anna Schecter has more details.
Space
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Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
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
Football error leads to life-saving diagnosis
Mike Toothaker, a stallion sales manager at Spendthrift Farms and part of the ownership team for top Kentucky Derby contender "Further Ado," tells "CBS Saturday Morning" how watching NFL placekicker Younghoe Koo whiff a field goal made him laugh so hard he seized, leading to a life-saving diagnosis.
The Dish: Chef Gregory Gourdet
Chef Gregory Gourdet is a three-time James Beard Award winner who changed the dining experiences at French luxury department store Printemps in New York City's Financial District. Gourdet sat down with "CBS Saturday Morning" to discuss his inspiration and culinary roots.
Duffy gives update on Spirit Airlines
Transportation Secretary Sean Duffy held a news conference at Newark Liberty International Airport on Saturday morning after Spirit Airlines announced it would immediately cease operations.
Andy Serkis on "Animal Farm"
Andy Serkis, the iconic voice of Gollum in "Lord of the Rings," speaks with "CBS Saturday Morning" about his latest project, an animated version of George Orwell's "Animal Farm."
Manish Malhotra on his design journey
Indian fashion designer Manish Malhotra is no stranger to American red carpets, counting Beyoncé, the Kardashians and Rihanna as clients. Malhotra spoke with "CBS Saturday Morning" about his start as a Bollywood costume designer ahead of Monday's Met Gala.