Stocks dip after strong jobs report offers mixed news for investors
New data on hot U.S. jobs market suggests Fed won't be reining in its aggressive rate hikes anytime soon.
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New data on hot U.S. jobs market suggests Fed won't be reining in its aggressive rate hikes anytime soon.
A little-known Hong Kong tech company with annual revenue of $25 million has seen its market value soar to $300 billion.
Financial markets wobble amid investor concerns that the House speaker's visit could heighten U.S.-China tensions.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
The Dow Jones Industrial Average rose back to even as tech stocks rallied on Monday. Yahoo Finance reporter Alexandra Semenova joins CBS News' Tanya Rivero to recap the stock market's gains.
The Dow Jones suffered significant losses on Tuesday as the war in Ukraine intensified. Escalating violence coupled with increased sanctions on Russia caused the price of oil to spike. Axios business reporter Hope King joins CBS News with more.
Netflix's stock rose Wednesday despite reporting that it lost 970,000 subscribers in the second quarter. Dade Hayes, Deadline business editor and co-author of "Binge-Time" joined CBS News to discuss what this could mean for Netflix moving forward.
The Dow Jones posted gains for the second day in a row, gaining more than 800 points. Axios Business reporter Hope King joins CBS News to discuss the latest.
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
High inflation and fears of a recession have many Americans wondering what to do with their 401(k) retirement investments. Those fears have been magnified by U.S. stocks falling by at least 20% from their most recent peak in January. CBS News MoneyWatch reporter Aimee Picchi joined CBS News' Errol Barnett and Debra Alfarone to discuss.
Brian Sozzi, editor-at-large and anchor for Yahoo Finance Live, joined CBS News' Tanya Rivero and Nikki Battiste to discuss the latest on the stock market and other financial news.
Inflation and rising interest rates are affecting stocks and increasing fears about a possible U.S. recession. Joe Saluzzi, co-founder and partner with Themis Trading, joined CBS News to discuss what to expect from the markets in the coming weeks.
The U.S. added 431,000 jobs in March as the unemployment rate dropped to 3.6%. Friday's jobs report also showed wages grew 5.6% in the past year. Sarah House, a senior economist at Wells Fargo, joined CBS News after the closing bell on Wall Street to discuss what this signals for the future of the U.S. economy.
Cryptocurrency trading platform Coinbase has lost half its value in the past week as bitcoin and other digital coins continue to plummet. Ryan Belanger, founder and managing principal of Claro Advisors, joined CBS News' Tanya Rivero to discuss.
The rising cost of consumer goods coupled with the stock market's decline is taking a devastating toll on Americans' retirement plans. This year's sell-off erased more than $3 trillion in value in retirement savings alone. John Leer, chief economist at Morning Consult, spoke with CBS News' Michelle Miller and Elaine Quijano about the affect on Americans' retirement plans.
The S and P 500 has had its worst four-month start to the year since 1939. William Huston, founder and chief investment officer of Bay Street Capital Holdings, joined CBS News' Tanya Rivero to discuss how concerned investors should be.
Gas prices reached another record high Friday. Plus, the U.S. is seeing a shortage of diesel that could spell trouble in the summer months. Tom Kloza, head of energy analysis at the Oil Prices Information Services, joins CBS News to discuss rising gas prices and what drivers can expect in the coming months.
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
The manufacturing sector reported Wednesday it boosted production in May. Also, major stock indexes ended the month with slight gains. But investors and some financial experts are still fearful of a recession. Yahoo Finance reporter Alexandra Semenova joined CBS News after the closing bell on Wall Street to discuss why there are warnings of a possible recession despite positive signs in the economy.
Sarah Henry, managing director and portfolio manager at Logan Capital Management, joins CBS News at the closing bell on the New York Stock Exchange to break down what's driving the market, and how inflation is impacting consumers.
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
The markets slid Wednesday largely due to the ongoing war in Ukraine, with the Dow closing in the red just one day after the yield curve briefly inverted for the first time since 2019. Brent Schutte, chief investment strategist of Northwestern Mutual Wealth Management Company, joins CBS News to discuss economists' concerns.
The Dow Jones saw its biggest point loss in a single day since the pandemic began. Robert Schein, chief investment officer at Blanke Schein Wealth Management, joins CBS News at the closing bell to break down the day of losses on Wall Street.
Millions of American's are losing money in their 401K as stocks fall. Frances Stacy, director of strategy at Optimal Capitol, joins CBS News with advice on how to protect your retirement funds.
Stock markets tanked early Friday after news that May's Consumer Price Index rose more than economists expected. Melissa Armo, founder and owner of The Stock Swoosh, LLC, joined CBS News to discuss the market's reaction to rising inflation.
King Charles attended a state dinner at the White House, after speaking about what he called the "truly unique" relationship between the U.K. and the U.S.
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Former FBI Director James Comey is again facing federal charges after the government's previous case against him was dismissed.
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
Purdue Pharma, the maker of OxyContin, is set to be dissolved as a massive legal settlement resolving thousands of lawsuits takes effect.
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
The new format would add eight more at-large teams, and take eight more teams out of the main bracket for play-in games.
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
For historians, the 1960s and 1970s provide particularly eerie parallels to the present. Both eras were marked by bitter political divides and the unsettling feeling that America's social fabric was being ripped apart.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
American Airlines is imposing new rules on portable chargers that passengers can bring on flights. Here's what to know.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
Top gubernatorial candidates met onstage at the CBS California Governor's Debate on April 28. Here are the highlights.
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
For historians, the 1960s and 1970s provide particularly eerie parallels to the present. Both eras were marked by bitter political divides and the unsettling feeling that America's social fabric was being ripped apart.
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
President Trump has warned that Cuba is "next" after he's launched military operations against Venezuela and Iran.
Saying he felt the "weight of history" on his shoulders, King Charles became the first British monarch in 35 years to address Congress on Tuesday.
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
The unidentified ship is believed to have been built in the late 1500s, which would make it older than Sweden's iconic 17th century warship "Vasa."
Anant Ambani, the son of tycoon Mukesh Ambani, said he formally requested the Colombian government to stay a decision to kill the animals.
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
"Tracker" star Justin Hartley reveals how he feels about the upcoming finale of the third season of the show. He also discusses his wife making appearances in the series and the best advice he's received in the industry.
President Trump and first lady Melania Trump are demanding that late-night host Jimmy Kimmel be fired over remarks he made before the White House Correspondents' Dinner. Nancy Cordes reports.
First lady Melania Trump said that jokes Jimmy Kimmel made on his show days before the White House Correspondents' Dinner were "hateful and violent rhetoric."
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
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.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
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.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
The man accused of trying to assassinate President Trump at the White House Correspondents' Dinner over the weekend is set to be back in court on Thursday. Nicole Sganga reports.
The FBI is conducting forensic reviews of evidence recovered from the Hilton Hotel in Washington, D.C., following the White House Correspondents' Dinner shooting. CBS News' Anna Schecter has the latest.
A U.S. soldier pleaded not guilty to charges that he used classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win more than $400,000.
Federal agents exercised search warrants at about 20 daycare centers for suspected fraud Tuesday morning, multiple officials confirmed to CBS News.
Federal prosecutors charged 34 defendants across two indictments, alleging sports betting and mafia-linked rigged poker games.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
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.
"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.
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.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Kids today have countless ways to connect, but at one school in New York, they're going old school. Michael George introduces us to a group of teens learning about ham radio.
King Charles on Tuesday night presented President Trump with what he said was the original bell from the HMS Trump before giving cheers to the ongoing relationship between the U.S. and England.
Former FBI Director James Comey says he's innocent after second indictment; King Charles visits the White House and addresses Congress.
Federal officials are investigating the death of a woman who fell from the balcony of her state room on a Carnival Cruise Line ship. Kris Van Cleave reports.
In front of a state committee investigating last year's deadly Texas flash floods, Camp Mystic director Edward Eastland on Tuesday told parents of the victims he had failed them. Jason Allen reports.