Stocks tumble amid Facebook's record $237 billion rout
Social media giant shed 26% of its value in Thursday trading after reporting its first decline in users.
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Social media giant shed 26% of its value in Thursday trading after reporting its first decline in users.
Stocks climbed for a fourth consecutive day, with the tech sector leading the way after after a sluggish start to the new year. Anastasia Amoroso, chief investment strategist with iCapital, joins CBS News for a recap of Wednesday's market activity.
Investors were cheered by Alphabet's strong earnings and its plan to split its stock for the first time since 2014.
It was another up-and-down day for the Dow Jones Industrial Average, ending up as the third straight day of gains after a mostly rough January. Mike Lewis, the head of U.S. equity cash trading at Barclays, joins CBS News with his insights.
Stocks closed up for the last day of January but were down for the month. Sébastien Page, chief investment officer and head of Global Multi-Asset at T. Rowe Price, joined CBS News to discuss the markets.
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Although the so-called "meme stock" craze has cooled down since skyrocketing last year, shares of companies like GameStop and AMC haven't plunged the way some investors predicted. Some larger institutional investors are rethinking social media's financial impact. Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, joins "CBS News Mornings" to discuss.
The stock market rebounded just before closing Monday after the major indexes dropped in early trading, dipping into "correction" territory. Stephen Gandel, news editor for The New York Times' DealBook, joins "CBS News Mornings" to discuss the latest.
The Federal Reserve signaled it's getting ready to raise interest rates as soon as March but will keep rates near zero for now. Jared Woodard, the head of the research investment committee of Bank of America Global Research, joined CBS News at the closing bell to discuss the announcement.
Economists expect the Federal Reserve to start lifting rates as soon as its next meeting in March.
Wall Street analysts expect the central bank this week to signal that it will raise interest rates starting in March.
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.
The Department of Justice is suing Texas over GOP-approved redistricting maps that the department says discriminate against Black and Latino voters. Plus, the stock market bounces back as health experts find that the Omicron variant of COVID-19 may not be as deadly. CBS News chief Washington correspondent Major Garrett and Politico national correspondent Meridith McGraw join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
President Biden chose to highlight the lower unemployment rate on Friday which dropped from 4.6 to 4.2 percent for November – glossing over the weak jobs numbers, which were much lower than expected. The stock market did not react kindly to the news, ending on a down note following a tumultuous week. Christina Ruffini has the details from the White House.
Despite some concerns about the Omicron variants impact on an already fragile stock market, President Biden said he's not at all worried about the possible fall. Weijia Jiang reports.
Investors weighing potential impact of the new COVID-19 variant and the Fed chief's change of tune about rising prices.
SpaceX launches Falcon Heavy in dramatic maiden flight; Girl Scouts lobby lawmakers to honor their founder
Harvey Weinstein to spend first night behind bars after conviction; Pioneering NASA mathematician Katherine Johnson dies at 101.
U.S. stock market drops amid coronavirus fears; Group wants to preserve African American "spirituals"
U.S. stock markets made up half their losses from Friday, the worst trading day in nine months.
Concerns about the new variant are spurring a stock sell-off, as some European countries impose flight restrictions.
With rising inflation, many Americans feel bleak about the economy. Here's why Wall Street is shrugging off concerns.
Former President Trump secured nearly $300 million in funding for his new social media venture by agreeing to merge with a special purpose acquisition company. But the deal may have skirted securities laws and stock exchange rules, according to a New York Times report. Lauren Hirsch, a business reporter who co-authored the article, joins CBSN's Lana Zak to discuss.
The shell company that plans to merge with former President Trump's new media platform is losing steam after a trading frenzy in the stock market last week. CBS MoneyWatch reporter Aimee Picchi joins CBSN's Tanya Rivero for more on the story.
Explosions were heard near a U.S. base in Iraq, and Iran said it targeted Bahrain, Jordan and Kuwait as the 21-week war intensifies.
President Trump is attending the redo of the White House Correspondents' Dinner on Friday night, after an armed assailant upended April's dinner.
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
A substance found in the work van of a Mexican immigrant killed by an Immigration and Customs Enforcement agent has tested negative for illicit drugs, the top prosecutor in Houston said Friday.
President Trump departed the NATO summit in Turkey on an old Air Force One jet following a credible threat from Iran and allied proxy groups, U.S. officials told CBS News.
The Milwaukee County Sheriff's Office said Romo was pulled over around 6 p.m. on Thursday.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
The cyclosporiasis outbreak, the nation's largest, is currently affecting nine states.
The suspect in Thursday's double stabbing on New York City's Upper West Side has been charged with attempted murder as a hate crime, among other things.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
The Milwaukee County Sheriff's Office said Romo was pulled over around 6 p.m. on Thursday.
President Trump accused the European Union of "robbing" American companies and taxpayers.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
President Trump accused the European Union of "robbing" American companies and taxpayers.
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
A short circuit in the engine compartment can potentially cause a fire. Here's the fix.
President Trump announced new tariffs of up to 12.5% to replace expiring Section 122 levies. Here are the rates for each country.
A substance found in the work van of a Mexican immigrant killed by an Immigration and Customs Enforcement agent has tested negative for illicit drugs, the top prosecutor in Houston said Friday.
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
President Trump departed the NATO summit in Turkey on an old Air Force One jet following a credible threat from Iran and allied proxy groups, U.S. officials told CBS News.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
President Trump accused the European Union of "robbing" American companies and taxpayers.
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
Confirmed measles cases in the U.S. just hit a 35-year high, and it's only July.
The cyclosporiasis outbreak, the nation's largest, is currently affecting nine states.
U.S. health officials said they are investigating an additional outbreak of cyclospora, but do not know its source. Plus, Taylor Farms has reportedly shut down the plant where lettuce is suspected to have started the initial outbreak that has sickened thousands in at least 41 states. Carter Evans reports.
Utah's weekly measles case count has fallen. The national tally hasn't, and a newborn who's too young to be vaccinated is caught in between.
President Trump departed the NATO summit in Turkey on an old Air Force One jet following a credible threat from Iran and allied proxy groups, U.S. officials told CBS News.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
Alejandro Arias-Monge, 41, had a $500,000 U.S. bounty on his head for alleged drug trafficking.
A charity is turning thousands of knives taken off London streets into a new type of weapon to counter youth violence: Free outdoor gyms.
The case of former officer Daniel Hiers Jr. was featured on "America's Most Wanted."
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
The robot actor is generating work for Hollywood creatives, not stealing jobs from actors, her inventor tells CBS News.
Peter Lassally, the fabled TV executive for such late-night hosts as Johnny Carson and David Letterman, and a mentor for many rising comedians, died July 19, 2026 at age 93. In this March 11, 2018 "Sunday Morning" profile, correspondent Mo Rocca talked with Lassally (affectionately dubbed "The Host Whisperer") about working with the kings of late-night. Lassally also talks about his childhood, part of which was spent in Nazi concentration camps, and also about whether he has had joy in his life.
"Criminal Minds" star Aisha Tyler was only supposed to be in six episodes of the show, but her journey on the series has now spanned over a decade. She tells "CBS Mornings" how her role has impacted her in real life and what it was like to work with guest star Connor Storrie from "Heated Rivalry."
Actor James Norton describes what it is like to play a villain in "House of the Dragon," which is a prequel to "Game of Thrones" and reveals which scene made him nearly faint during shooting.
Days after OpenAI revealed one of its models went rogue and hacked into another company's servers, House lawmakers are considering a bill that would allow the federal government to effectively shut down models that may put the public at risk. Jo Ling Kent explains.
As the back-to-school shopping season begins, you can expect to pay more for certain items, like laptops, due to shortages stemming from artificial intelligence. Brian Westover, principal hardware writer for PCMag, joins CBS News to discuss how you can save money.
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 research from a cybersecurity company now indicates that artificial intelligence models are getting better at solving multi-part problems. Gabriel Bernadett-Shapiro, who worked on the project and is a distinguished AI research scientist at SentinelOne, joins to unpack his team's research.
OpenAI is investigating after two of its AI bots went rogue and targeted an outside company during a training exercise in what the company called an "unprecedented cyber incident." Ian Krietzberg, an AI correspondent at Puck, joins with more.
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.
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.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
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.
Kaitlin Bender-Thomas and Madison Maynard, two White House Correspondents' Association scholarship recipients, join "The Daily Report" to reflect on April's terrifying shooting ahead of the rescheduled dinner.
The White House Correspondents' Dinner will have a redo in Washington, D.C., on Friday night, after the original event was interrupted in April when a gunman stormed in. It'll be a scaled-down event with scaled-up security. Nicole Sganga reports.
Nearly two years after a school shooting at Georgia's Apalachee High School, a 16-year-old pleaded guilty to killing two fellow students, two teachers and wounding nine other people in Georgia. Jericka Duncan reports.
A judge is set to decide whether to move forward with a jury trial of singer D4vid in the case of 14-year-old Celeste Rivas Hernandez's murder after the doctor who performed her autopsy delivered a disturbing testimony in a preliminary hearing. Adam Yamaguchi has more.
The suspect in Thursday's double stabbing on New York City's Upper West Side has been charged with attempted murder as a hate crime, among other things.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
President Trump attended and spoke at the rescheduled White House Correspondents' Dinner on Friday night at the Waldorf Astoria in Washington, D.C. The April correspondents' dinner was disrupted by an active shooter.
At the Shrimp Basket restaurant in Pensacola, Florida, a customer consistently ordered a cup of gumbo for lunch and for dinner for 10 years. When he didn't show up one week, the chef went to his house to check on him. Steve Hartman goes "On the Road" with the story, months later.
SpaceX on Friday launched the 13th flight test of its Starship V3 rocket. CBS News space consultant Bill Harwood has the latest.
Kaitlin Bender-Thomas and Madison Maynard, two White House Correspondents' Association scholarship recipients, join "The Daily Report" to reflect on April's terrifying shooting ahead of the rescheduled dinner.
Since the Iran war began in February, Jordan has largely avoided the kind of onslaught Tehran has aimed at places like Kuwait, Bahrain and the United Arab Emirates. With recent attacks, and one that killed three U.S. soldiers, that's changed. CBS News senior national security correspondent Charlie D'Agata examines why.