Oil prices crash as economic fallout widens
The Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
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The Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
Congressional leaders are close to reaching a $2 trillion rescue package as the stock market made a huge gain on Tuesday. Nancy Cordes has the latest from Capitol Hill.
The Dow plummeted nearly 10%, leaving investors fearing that the government has not done enough to help the economy amid the coronavirus pandemic. Jill Schlesinger reports.
As U.S. officials step up the response to the coronavirus, President Trump insists he does not need to be tested. Weijia Jiang reports.
U.S. braces for widespread coronavirus infection; Steve Hartman on what it's like to be a goalie
Investors pull funds over coronavirus fears; University of Denver preserves music from slavery
President Biden signed a bill to fund the government through December 3. But that doesn't solve the issue of the debt ceiling, which Treasury Secretary Janet Yellen says needs to be raised by October 18. CBS News business analyst Jill Schlesinger spoke with Anne-Marie Green and Vladimir Duthiers on CBSN about the potential consequences if Congress can't hammer out a deal and how you should handle your investments amid the uncertainty.
Investors focused on whether the Federal Reserve will signal this week that it plans to withdraw economic stimulus.
While Pfizer fell 3%, many investors were encouraged by the Food & Drug Administration's full approval of its COVID-19 vaccine.
The Department of Labor reported that U.S. jobless claims dropped for the third week in a row. It signals the American economy is strengthening but economists are still concerned about the impact from the rising COVID-19 cases. Axios markets reporter Courtenay Brown joins CBSN's "Red & Blue" to discuss.
Stock markets tumbled Monday with the Dow seeing its worst day since last October. As fears over another wave of COVID-19 rattled the markets, President Biden urged Americans to get vaccinated and tried to calm concerns about inflation. CBS News senior White House correspondent Weijia Jiang joins CBSN AM to discuss.
The U.S. Census retail sales report for the month of June was released on Friday and to many analysts, the numbers were promising. The 0.6 percent bump in sales is significant, the Commerce Department says, since the last rise of this size was last seen in March 2021 around the time stimulus checks were doled out. Diane Swonk, chief economist for Grant Thornton, joined CBSN to help make heads or tails of what the rise could mean for Americans.
Stock trading app has swelled to 18 million funded accounts, with half representing first-time investors.
Top Fed official says first rate increase could come as soon as next year, a year earlier than previous estimate.
Job growth in the U.S. is picking back up as pandemic restrictions ease and COVID-19 vaccinations continue. The Labor Department's latest report shows the country added 559,000 jobs in May and the unemployment rate fell to 5.8%. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to discuss.
May has been a volatile month for U.S. stocks, with investors concerned about inflation and how the Federal Reserve might respond.
May has been a volatile month for the U.S. stock market amid concerns over inflation and how the Federal Reserve might respond. CBS News business analyst Jill Schlesinger joins CBSN to discuss how to navigate the stock market.
Stocks fell and some Republicans expressed outrage after President Trump said he would impose tariffs on steel and aluminum imports. But how will this impact the average Americans? Scott Gamm, TheStreet.com markets correspondent, joins CBSN to discuss.
Stock markets in Asia took some major hits following Wall Street's plunge. But what happens when a market meltdown starts in China instead of here in the U.S.? CBSN contributor and Signal newsletter writer Gabe Lipton explains.
U.S. stock markets will start the day in a long-awaited correction. The Dow Jones Industrials fell more than a thousand points Thursday for the second time in a week. The Dow had its biggest-ever one-day point decline on Monday. Kenneth Rogoff, Harvard professor and former chief economist of the International Monetary Fund, joins "CBS This Morning" to discuss why investors should stay calm and how Washington impacts the stock market.
U.S. stocks plunged again Thursday, marking the fourth tough trading day for Wall Street. The Dow dropped just over 4 percent as investors worried about signs of inflation. Economist Peter Morici joins CBSN with analysis.
The Dow fell more than 1,000 points in a steep drop at Thursday's close, putting the index into correction territory. CBS News' Jeff Glor anchors this Special Report.
After a long period of low volatility, U.S. markets have been rocked by sudden price movements -- leaving investors wondering what to do next.
Government shutdown looms, lawmakers scramble as the President urges to secure borders; Girl Scouts lobby to rename bridge.
One day after the Dow Jones Industrial Average's biggest single-day point drop ever, the stock market reopened with more fluctuations. The Dow was down 1,175 points, or 4.6 percent, on Monday. Nick Martell, the co-founder of MarketSnacks, joined CBSN for Tuesday's opening bell.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
The wife of a 27-year Army sergeant was detained by ICE at an immigration appointment in Texas. He says he doesn't understand why, and "ICE is out of control right now."
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
D4vd, whose real name is David Burke, is charged with first-degree murder with special circumstances, lewd and lascivious acts with an individual under 14, and mutilating a body.
Israeli Prime Minister Benjamin Netanyahu says a soldier seen in a photo hitting a statue of Jesus Christ with a sledgehammer will face "harsh disciplinary action."
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Democratic Sen. Mark Warner of Virginia announced on Monday that his daughter Madison has died following a lengthy battle with juvenile diabetes and other health issues.
Neighbors who witnessed the deadly mass shooting of eight children in Shreveport, Louisiana, recalled what whey heard and saw as the massacre took place early Sunday.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
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.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Democratic Sen. Mark Warner of Virginia announced on Monday that his daughter Madison has died following a lengthy battle with juvenile diabetes and other health issues.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
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.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Jewish Iranians tell CBS News the war with Israel has brought conflicting emotions, and they wish leaders in both countries would "let us live in peace."
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
After six synthetic drug labs were raided, the victims' vehicle skidded off the road and plunged into a ravine, officials said.
Israeli Prime Minister Benjamin Netanyahu says a soldier seen in a photo hitting a statue of Jesus Christ with a sledgehammer will face "harsh disciplinary action."
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
The Los Angeles County District Attorney's Office is expected on Monday to charge singer-songwriter d4vd with murder, seven months after 14-year-old Celeste Rivas' body was found in a car that he owned. The 21-year-old musician was arrested last week. Matt Gutman reports.
Hosted by Jane Pauley. Featured: The purge of immigration judges; seeking accountability in trucking accidents; Don Cheadle and Ayo Edebiri on Broadway; portraitist Michael Shane Neal; the legacy of woodworker George Nakashima; an operatic car salesman; and Earth Day stories of advances in sustainability.
Michael Shane Neal, perhaps America's greatest living portraitist, recently fulfilled a long-held ambition: to paint a living president. He talks with correspondent Martha Teichner about producing a portrait of former President Joe Biden. He also discusses "being in the zone" while painting a portrait; following in the footsteps of famed artists Everett Raymond Kinstler and John Singer Sargent; and becoming a TikTok fashion icon.
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
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.
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.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
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.
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.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Los Angeles County District Attorney Nathan Hochman announced singer d4vd has been charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez, whose dismembered body was found in a Tesla registered to the musician last September.
D4vd, whose real name is David Burke, is charged with first-degree murder with special circumstances, lewd and lascivious acts with an individual under 14 and mutilating a body.
Sgt. First Class Jose Serrano, an active-duty U.S. Army sergeant who has served in the military for 27 years, says his wife was arrested by ICE during an appointment at an immigration office in El Paso. CBS News' Camilo Montoya-Galvez reports.
Neighbors who witnessed the deadly mass shooting of eight children in Shreveport, Louisiana, recalled what whey heard and saw as the massacre took place early Sunday.
Shamar Elkins, who served in the Louisiana Army National Guard from 2013 to 2020, killed 8 children in a mass shooting that began as a domestic dispute in Shreveport, Louisiana, on Sunday, officials say. CBS News' Jason Allen has more.
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.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
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.
House Republicans' campaign arm brought in a record-breaking $47.1 million fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News in an interview. CBS News' Fin Gómez has more.
Pressure is building on Capitol Hill for Congress to end the DHS shutdown that's dragged on for months. CBS news congressional correspondent Caitlin Huey-Burns has more.
The Iran regime said Monday that it has no plans to attend peace talks in Pakistan with President Trump's top three negotiators, including Vice President JD Vance, as Tehran balks at what it considers "unreasonable and unrealistic demands" by the White House. CBS News correspondent Natalie Brand has more.
Los Angeles County District Attorney Nathan Hochman announced singer d4vd has been charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez, whose dismembered body was found in a Tesla registered to the musician last September.
U.S. forces fired on and then seized an Iranian vessel over the weekend, intensifying the standoff over the Strait of Hormuz. CBS News senior national security correspondent Charlie D'Agata has more.