Stocks closed down for the fifth straight day, erasing all of this year's growth in China
Stocks closed down for the fifth straight day, erasing all of this year's growth in China. CBS News foreign correspondent Seth Doane has details from Beijing.
Stock Market
The day after a massive sell-off rocked Wall Street, the stock market again closed with significant losses
The day after a massive sell-off rocked Wall Street, the stock market again closed with significant losses. Belpointe Asset Management's David Nelson and International Business Times reporter Jessica Menton spoke to CBSN about Wall Street's volatility.
In minutes, the Dow was down more than 1,000 points on Monday, closing down more than 588 points
In minutes, the Dow was down more than 1,000 points on Monday, closing down more than 588 points. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss what's behind the market upheaval.
The Shanghai Index fell 8.5 percent, and Japan's Nikkei lost more than 4 percent
Stock markets around the world are tumbling because of bad news from China. The Shanghai Index fell 8.5 percent, and Japan's Nikkei lost more than 4 percent. Top European markets opened lower as well. The Dow Jones Industrials are already coming off their worst week in four years, losing more than 1,000 points. CBS News financial contributor Mellody Hobson joins “CBS This Morning” from Chicago to discuss the market fallout.
Concerns about China helped push down Wall Street
Stocks in China are down again after Monday's freefall on the Shanghai Stock Exchange. The one-day drop of more than 8 percent was the biggest since 2007. Concerns about China helped push down Wall Street. CBS News financial contributor Mellody Hobson joins "CBS This Morning" from Chicago to discuss what's behind the plunge.
Chinese police and regulators are cracking down on investors accused of driving down shares with "malicious" short selling.
Chinese police and regulators are cracking down on investors accused of driving down shares with "malicious" short selling. Seth Doane reports from Beijing where the Communist government is treating the turmoil as a major threat.
As Greece faces a risk of dropping out of the eurozone, there are questions as to what their financial situation will mean for U.S. markets
As Greece faces a risk of dropping out of the eurozone, there are questions as to what their financial situation will mean for U.S. markets. CBS News correspondent Anthony Mason takes a look.
S&P 500 closes above 4,000 for first time
Biden's massive infrastructure push seen as good for big tech and smaller companies that benefit from a growing economy.
Michael Lewis joins "CBS This Morning" to discuss his book that accused high-frequency stock traders of rigging the market against investors
Michael Lewis accused high-frequency stock traders of rigging the market against investors. Since then the Dow moved at least 1800 points higher and there has been a handful of prosecutions. But still, there is not widespread reform. Lewis joins "CBS This Morning" to discuss his book: "Flash Boys: A Wall Street Revolt."
CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the latest
The stock market fell on Wednesday off of disappointing retail sales figures from December, but a CBS News poll shows 53 percent of Americans believe the economy is in "good" shape. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the latest.
CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the factors that contributed to this week's decline
Stock futures are pointing to a higher open Wednesday after the Dow dropped 130 points Tuesday. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the factors that contributed to this week's decline.
Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins "CBS This Morning Saturday" to discuss the fall
The Dow Jones Industrial Average plunged 700 points this week, due in large part to a collapse in oil prices. The price of crude oil is down 47 percent since June. Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins "CBS This Morning Saturday" to discuss the fall.
CBS News financial contributor Mellody Hobson joins "CBS This Morning" to discuss the impact
The stock market has lost three days in a row as oil prices continue to fall. The average price of crude is now at a five-year low. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to discuss the impact.
Jill Wagner reports on the day's top MoneyWatch headlines
Gas prices have hit $3.49 per gallon, their lowest price in four years. Also, the NFL is teaming up with Microsoft for a high-tech upgrade coaches will love. Jill Wagner reports on the day's top MoneyWatch headlines.
What sets these two stock market indexes apart?
What sets the Dow Jones industrial average and the S&P 500 apart? CBS MoneyWatch contributor Ray Martin breaks it down as the two stock market indexes continue to reach new highs.
Many Americans put stimulus money into stocks
Many Americans are planning to their new $1,400 stimulus checks in the stock market. Companies like Amazon, GameStop, and AMC Entertainment may start seeing a boost over the next few weeks, but some finance experts are concerned. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN's Elaine Quijano to break it all down.
Max Wolff, chief economist at financial advisory firm Citizen.VC, talks to the "CBS This Morning" co-hosts about what the positive numbers mean
When stock market trading resumes after the July Fourth holiday, the Dow Jones will open above 17,000 for the first time, thanks to a surge after a better-than-expected June jobs report. Max Wolff, chief economist at financial advisory firm Citizen.VC, talks to the "CBS This Morning" co-hosts about what the positive numbers mean.
Google will debut some new hardware at today's I/O conference in San Francisco, as well as an Android update
Google will debut some new hardware at today's I/O conference in San Francisco, as well as an Android update. Plus, iPhones may be gettting bigger. Jill Wagner reports on the day's top financial stories.
Robinhood and Jim Cramer fuel stocks for "stimmy" rally
At least one legendary investor, though, says stimulus checks flowing into the market will lead to a "spectacular bust."
Author Michael Lewis explains why vast sums of money are being spent by high frequency traders to gain microseconds in speed
Author Michael Lewis explains why vast sums of money are being spent by high frequency traders to gain microseconds in speed
Author Michael Lewis tells Steve Kroft that the stock market is rigged and high frequency trading is even bigger than a scam
Author Michael Lewis tells Steve Kroft that the stock market is rigged and high frequency trading is even bigger than a scam
Since bottoming out on March 9th, 2009, the S&P 500 is up 175%. On average, a market correction occurs every 161 days, but it has now been over 600 days. Editor of barrons.com Jack Otter explains why a market correction hasn't happened yet.
Today is the 5th anniversary of the bull market on Wall Street. Since bottoming out on March 9th, 2009, the S&P 500 is up 175%. On average, a market correction occurs every 161 days, but it has now been over 600 days. Editor of barrons.com Jack Otter explains why a market correction hasn't happened yet.
The case against Lehman Brothers
Steve Kroft talks to the bank examiner whose investigation reveals the how and why of the spectacular financial collapse of Lehman Brothers, the bankruptcy that triggered the world financial crisis.
The case against Lehman Brothers
Steve Kroft investigates the collapse of Lehman Brothers, which triggered a chain reaction that produced the worst financial crisis and economic downturn in 70 years.
Reddit's WallStreetBets hit by bots
Moderators of Reddit's WallStreetBets forum say they're seeing a large amount of stock-recommendation content being posted by bots. MoneyWatch senior reporter Stephen Gandel joins CBSN AM to break down the latest information on the forum, which caused a stir as members bought Gamestop stock, driving the price up.
Live
Live Updates: U.S., Iran prepare for talks as shaky ceasefire holds
The U.S. and Iran are getting ready for talks Saturday in Islamabad, Pakistan, as their tenuous ceasefire held despite key sticking points.
As Artemis II heads back to Earth, crew is staking their lives on the heat shield
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth on Friday.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Exclusive
See messages Brian Hooker sent his friend after wife's disappearance
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
Why a Strait of Hormuz "toll" would pose economic and geopolitical risks
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
First lady Melania Trump slams "baseless lies" tying her to Jeffrey Epstein
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Inflation surged in March as Iran war drove up energy costs
Inflation ran hot in March because of higher fuel costs tied to the Iran war, which has constrained the global flow of oil.
First on CBS
California officials make arrests in L.A. hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
Independence Arch, or "Arc de Trump," plans include taxpayer funds
The president says the arch will commemorate the nation's 250th anniversary.
U.S.
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DOJ argues D.C. pipe bomb defendant not covered by Trump's Jan. 6 pardons
The DOJ said in a court filing that the D.C. pipe bomb defendant's case should not be dismissed and that his actions were not covered by Trump's sweeping pardons of the Jan. 6 rioters.
Why a Strait of Hormuz "toll" would pose economic and geopolitical risks
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Afrika Bambaataa, hip-hop pioneer, dies at 68
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
This week on "Sunday Morning": The Money Issue (April 12)
This week Jane Pauley hosts "The Money Issue," our annual special broadcast dedicated to the many ways in which money underscores the way we live.
Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
MoneyWatch
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Why a Strait of Hormuz "toll" would pose economic and geopolitical risks
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
Strait of Hormuz still seeing significantly lower traffic despite ceasefire
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Property taxes are surging. See what homeowners pay by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
Politics
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DOJ argues D.C. pipe bomb defendant not covered by Trump's Jan. 6 pardons
The DOJ said in a court filing that the D.C. pipe bomb defendant's case should not be dismissed and that his actions were not covered by Trump's sweeping pardons of the Jan. 6 rioters.
White House staff received email warning not to place bets on prediction markets
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
Judge says Pentagon must restore press access
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
Inside Pam Bondi's aggressive push to crack down on animal cruelty crimes
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
U.S. to lead ceasefire talks between Lebanon and Israel in D.C.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
HealthWatch
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Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
World
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Why a Strait of Hormuz "toll" would pose economic and geopolitical risks
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Abusive husband gets 8 years in prison for wife's death by suicide
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
Bodies of at least 11 people found in hidden graves in western Mexico
The discovery of the grave site adds to dozens of similar cases in Jalisco, the state hardest hit by Mexico's missing persons crisis.
Live
Live Updates: U.S., Iran prepare for talks as shaky ceasefire holds
The U.S. and Iran are getting ready for talks Saturday in Islamabad, Pakistan, as their tenuous ceasefire held despite key sticking points.
Strait of Hormuz still seeing significantly lower traffic despite ceasefire
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Entertainment
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Afrika Bambaataa, hip-hop pioneer, dies at 68
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
BTS kicks off comeback world tour
K-pop supergroup BTS hit the stage on Thursday, kicking off their comeback world tour after a four-year hiatus. Nicole Fell, assistant editor at The Hollywood Reporter, joins "The Daily Report" to discuss.
How realistic is "Project Hail Mary"?
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
"Survivor 50" castaway talks elimination
(Spoilers ahead) The latest castaway voted off "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss being eliminated from the game, this season's challenges and being the first member of the jury.
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Technology
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Technology
How to stay ahead of AI in your career
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
Behind Anthropic's alarming AI model
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News 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.
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Anthropic claims new AI too powerful to release
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Abusive husband gets 8 years in prison for wife's death by suicide
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
DOJ probing NFL over fees, sources say
Sources tell CBS News that the Justice Department is investigating the NFL over subscription fees concerns. Jake Rosen reports.
Breaking down Melania Trump's Epstein remarks
First lady Melania Trump held remarks on Thursday denying any link to convicted sex offender Jeffrey Epstein. CBS News' Caitlin Huey-Burns reports.
Police arrest 21 suspects in hospice fraud case
Police file charges against 21 suspects in what's described as a $267 million fraud case with zero legitimate patients. Adam Yamaguchi reports.
A man stole a handbag outside a London pub. Inside was a Faberge egg and watch.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
Space
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How an 8-year-old designed a zero-gravity indicator for Artemis II
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
As Artemis II heads back to Earth, crew is staking their lives on the heat shield
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth on Friday.
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
NASA gears up for Artemis II crew's return to Earth
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
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
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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
Preview of UFC 327
UFC reporter and host Megan Olivi breaks down what to know about UFC 327 on Saturday. The title fight features former champion Jiří Procházka, who is taking on fast-rising star Carlos Ulberg.
Viral trend on stopping toddler meltdowns
Videos circulating on social media showing parents saying the name "Jessica" to calm their toddler are going viral. Developmental psychologist Aliza Pressman breaks down the trend and what parents need to know before trying it.
How to stay ahead of AI in your career
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
Crackdown targeting alleged hospice fraud
CBS News has been investigating allegations of sweeping hospice fraud in California. Prosecutors say bogus payments cost the state's Medicaid program $267 million. Adam Yamaguchi reports.
Details in case of missing woman in Bahamas
Brian Hooker, who was arrested by Bahamian officials in connection to his wife's disappearance, sent texts to his friend after he alleged his wife fell off their boat. Hooker's account to his friend differs some from the statement he gave police. Cristian Benavides reports.