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
Stock Market
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.
WallStreetBets silver market frenzy turns tables on Wall Street
As with GameStop, an extended rise could force big investors to reverse short trades — pushing silver prices higher.
AMC, Nokia and other "meme stocks" targeted by WallStreetBets
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
GameStop, Reddit and the Battle of Wall Street
The titans of finance were shaken by a subculture of amateur traders on WallStreetBets, whose viral stock purchases sent hedge funds reeling.
Stock market slips as GameStop shares soar on Wall Street
GameStop's stock price soared to $325 a share on Friday, capping off a tumultuous week on Wall Street. Despite the video game retailer's success, the overall market sank and ended the week in the red. CEO and founder of Tusk Ventures, Bradley Tusk, joined CBSN to discuss the impact the battle between amateur traders and hedge fund investors will have on the future of the stock market.
GameStop stock rises as trading resumes
Gamestop's stocks are surging once again after the stock-trading app Robinhood reversed its decision and allowed limited trading to resume. It's the latest twist in the ongoing battle between small-scale amateur traders and hedge fund investors. Andrew Smith, chief investment strategist at Delos Capital Advisors, joins CBSN to discuss the impact.
Robinhood resumes limited trading of GameStop
Popular trading app Robinhood is now allowing retail investors to buy shares of GameStop stocks, but only in limited quantities. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to discuss the showdown between Wall Street and home traders.
The Biden Bounce is leaping over stock market's Trump Bump
It's the biggest stock rise from election to inauguration for any president since Hoover. It also creates another risk for President Biden.
Breaking down the obstacles women face in business
Out of the hundreds of companies that go public on the stock market each year, only about 20 have been founded and led by women. Business Insider Editor-in-Chief Alyson Shontell joined CBSN's Lana Zak to discuss the difficulties women face in business.
Wall Street's reaction to Washington mayhem? Record highs
Despite the shocking political turbulence, investment pros expect the U.S. economy to have its best year in decades.
U.S. markets remain resilient despite assault on Capitol
Dow closes at record high, buoyed by hopes for more coronavirus relief following Senate wins for Democrats.
Stocks sail into 2021 on wave of optimism for vaccine, stimulus
Wall Street closes volatile 2020 that had market falling from record high into a bear market at fastest clip ever.
RagingBull trading site accused of $137 million fraud
Company used celebrities, including "Wolf of Wall Street" Jordan Belfort, to tout services that bilked customers, FTC says.
Dow hits 30,000 as Trump signals exit from White House
Markets rose as Pennsylvania certified election results, confirming President-elect Joe Biden's victory.
Trump brags about stock market as transition underway
President Trump made a sudden and strange appearance at the White House briefing room to highlight the stock market as the Dow soared on news that an official transition to President-elect Biden is underway. Ben Tracy reports.
Markets rally after election & vaccine news
Melissa Armo, founder and owner of Stock Swoosh, joins CBSN to discuss how the outcome of the presidential election and news about progress towards a COVID-19 vaccine could affect the stock market.
Stocks soar to record on promising vaccine trial results
Investors cheered by positive vaccine trial and growing political certainty following U.S. presidential election.
Wall Street reacts to election
Washington Post economics correspondent Heather Long joins CBSN to discuss how the New York Stock Exchange and financial markets across the globe are reacting to the U.S. presidential election as vote counting continues.
How Wall Street is sizing up the election
The stock market won't tell us the winner, but it could indicate what is next for the U.S. economy.
Stocks rise as presidency remains too close to call
Investors see cause for optimism even as uncertainty remains about whether Joe Biden or Donald Trump will be the winner.
Stocks rally in early trading on Election Day
Stocks jumped as Americans headed to the polls on Election Day. The S and P 500 gained 2.3% in morning trading, heading for a second straight day of gains. Melissa Armo, founder and owner of The Stock Swoosh, joins CBSN to explain what the latest numbers mean and how a contentious election could affect them.
Trump says U.S. deal with Iran "is now complete"
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
Live
Iran and U.S. reach peace deal, Trump and Pakistani prime minister say
Pakistan's prime minister said Sunday the U.S. and Iran had reached a deal that includes "the immediate and permanent termination of military operations on all fronts, including in Lebanon."
Hegseth: "Manufactured story" that U.S. faces munitions stockpile shortage
Defense Secretary Pete Hegseth testified before the Senate Armed Service Committee earlier this year that replenishing the stockpile could take "months and years."
White House hosts "UFC Freedom 250" fight on Trump's 80th birthday
The UFC is hosting a fight series on the White House South Lawn Sunday night.
Vance: Trump "very supportive" as vice president moves closer to 2028 decision
Vice President JD Vance tells "CBS Sunday Morning" that he and his wife, Usha, will make a decision whether to enter the 2028 presidential race following the 2026 midterm elections.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
11 skydivers and pilot killed in plane crash near Kansas City
The Missouri State Highway Patrol said the fatal crash occurred near the Butler Memorial Airport, about 60 miles south of Kansas City.
Trump speaks with Putin and Zelenskyy as war in Ukraine rages on
President Trump told Russia's Putin that the war in Ukraine needed to end. Ukraine's Zelenskyy said he and Mr. Trump would speak more at the upcoming G7 summit.
Carolina Hurricanes win second Stanley Cup, beating Vegas in 6 games
The Golden Knights had taken a two-games-to-one lead in the Stanley Cup Finals, but Carolina came roaring back, winning three straight to take home their first championship since the 2005-2006 season.
U.S.
More U.S.
Carolina Hurricanes win second Stanley Cup, beating Vegas in 6 games
The Golden Knights had taken a two-games-to-one lead in the Stanley Cup Finals, but Carolina came roaring back, winning three straight to take home their first championship since the 2005-2006 season.
Kennedy Center to establish new endowment in Trump's name
The establishment of the fund comes less than two weeks after a judge ruled the Kennedy Center's board acted unlawfully in adding the president's name to the performing arts center.
Mitch McConnell admitted to the hospital, spokesperson says
Sen. Mitch McConnell was admitted to the hospital Sunday morning, a spokesperson for the Republican confirmed to CBS News.
Full transcript of "Face the Nation with Margaret Brennan," June 14, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Defense Secretary and Sen. Mark Warner join Margaret Brennan.
Sen. Mark Warner says he hopes Senate can confirm Trump's DNI pick "this week"
The Senate has been at an impasse over the president's controversial pick to serve as acting intelligence chief that resulted in the expiration of a key spy authority.
MoneyWatch
More MoneyWatch
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
With uncertainty around H-1B visa fee, U.S. businesses unsure how to move forward
Earlier this week, a federal judge invalidated the White House's $100,000 H-1B fee policy in response to a lawsuit brought by 20 states.
DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company
SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community.
Former SpaceX welder becomes a millionaire after historic IPO
Juan Hernandez, a former SpaceX employee, owns 6,500 company shares. On the first day of public trading, his wealth ballooned by $1,046,175.
Politics
More Politics
Kennedy Center to establish new endowment in Trump's name
The establishment of the fund comes less than two weeks after a judge ruled the Kennedy Center's board acted unlawfully in adding the president's name to the performing arts center.
Trump says U.S. deal with Iran "is now complete"
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
Mitch McConnell admitted to the hospital, spokesperson says
Sen. Mitch McConnell was admitted to the hospital Sunday morning, a spokesperson for the Republican confirmed to CBS News.
Full transcript of "Face the Nation with Margaret Brennan," June 14, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Defense Secretary and Sen. Mark Warner join Margaret Brennan.
Sen. Mark Warner says he hopes Senate can confirm Trump's DNI pick "this week"
The Senate has been at an impasse over the president's controversial pick to serve as acting intelligence chief that resulted in the expiration of a key spy authority.
HealthWatch
More HealthWatch
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
In Japan, life lessons in healthy eating
In the U.S. the percentage of obese adults is about ten times what it is in Japan. What differentiates the Japanese diet, and how are schools making it their mission to give Japanese children a taste of a healthy life?
Her Stage IV cancer had no symptoms. Innovative surgery saved her life.
A chance emergency room visit led to Amy Piccoli's diagnosis with late-stage colorectal cancer.
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
World
More World
Trump says U.S. deal with Iran "is now complete"
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
Singer Oliver Tree among 6 killed in helicopter collision over Rio de Janeiro
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
Trump speaks with Putin and Zelenskyy as war in Ukraine rages on
President Trump told Russia's Putin that the war in Ukraine needed to end. Ukraine's Zelenskyy said he and Mr. Trump would speak more at the upcoming G7 summit.
Transcript: Gary Cohn on "Face the Nation with Margaret Brennan," June 14, 2026
The following is the transcript of the interview with Gary Cohn, IBM vice chairman and director of the National Economic Council during President Trump's first term, that aired on "Face the Nation with Margaret Brennan" on June 14, 2026.
Transcript: Sen. Mark Warner on "Face the Nation with Margaret Brennan," June 14, 2026
The following is the transcript of the interview with Sen. Mark Warner, Demcorat of Virginia, that aired on "Face the Nation with Margaret Brennan" on June 14, 2026.
Entertainment
More Entertainment
Singer Oliver Tree among 6 killed in helicopter collision over Rio de Janeiro
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
Soccer art made from gum wrappers
Artist Lyndon J. Barrois Sr. painstakingly sculpts art depicting soccer players. His medium of choice? The humble chewing gum wrapper. Correspondent Luke Burbank talks with Barrois about his Los Angeles exhibit, "Fútbol Is Life: Animated Sportraits," which captures iconic moments from nearly 100 years of the World Cup in tiny pieces of paper and foil.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including "Today" film critic Gene Shalit.
David Hockney: An appreciation
David Hockney's constant experimentations in art gave us six decades of swimming pools and sun-drenched scenes, intimate portraits of friends, vibrant depictions of his native Yorkshire, and groundbreaking digital works. The British-born painter died on Thursday, June 11, 2026 at age 88. Correspondent Seth Doane offers an appreciation of the groundbreaking body of work, by an artist whom British Prime Minister Keir Starmer called one of the most important figures in contemporary art in both the 20th and 21st centuries.
Technology
More Technology
As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company
SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community.
SpaceX expansion plans impact local community
Residents near SpaceX's South Texas campus have mixed opinions about Elon Musk's company and its plans to expand operations. CBS News' Jason Allen reports from Starbase, Texas.
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.
Why the liberal arts can help young Americans prepare for the era of AI
The advent of AI puts a premium on developing skills like critical thinking and communication, according to education experts. The liberal arts can help.
Uproar over planned data center near zoo
Residents are protesting plans for a 70,000-square-foot data center near the Nashville Zoo. CBS News' Skyler Henry reports.
Science
More Science
Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
More Crime
How an Iowa woman became a key witness in her own murder
The last words spoken by Angela Prichard, 55, an Iowa wife and mother who called 911 to report she was in danger, was the first clue investigators had to identify her killer.
Police dress up as World Cup mascots to carry out drug sting
The officers in mascot costumes used a metal sledgehammer to break down a door to enter with colleagues.
Armed men kidnap respected security expert in gang-wracked Haiti
James Boyard is the cabinet director of Haiti's Defense Ministry and also serves as inspector general of Haiti's police.
Texas shooting kills at least 1, injures 10
On Wednesday, a 45-year-old gunman opened fire on police in Midland, Texas, allegedly refusing to surrender to police. He fled, finally barricading himself in an abandoned veterinary building and shooting wildly. All of those shot were civilians. The gunman was found dead on Friday, with the FBI and state agencies investigating. Jason Allen has more.
Midland gunman was on the run before shooting
At least one person is dead, and 10 others are injured after a gunman opened fire in Midland, Texas, on Friday. The shooter died after a standoff with police. CBS News correspondent Jason Allen reports.
Space
More Space
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Latest Galleries
More Latest Galleries
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.
Summer music highlights of 2026
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.
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?
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
More Latest CBS News Videos
Latest CBS News Videos
6/14: CBS Weekend News
Trump says U.S.-Iran deal "is now complete," U.S. ending blockade on Strait of Hormuz; Inside Trump's trip to the G7 Summit.
6/14/2026: Here Come the Humanoids; The Empty Rooms; Lamine Yamal
First, a look at the progress made on AI-powered humanoid robots. Then, seeing the rooms left behind after school shootings. And, Lamine Yamal: The 60 Minutes Interview.
The real man who inspired Uncle Sam
Meg Oliver visits Troy, New York, to report on the real man who inspired America's Uncle Sam.
New York reacts after Knicks win NBA title
The Knicks returned to New York City Sunday as NBA champions after beating the San Antonio Spurs in Game 5 of the NBA Finals Saturday night. Shanelle Kaul reports on the celebrations in the Big Apple.
Fans take in first weekend of World Cup
Soccer fans from far and wide are taking to the streets of major American cities in droves as the World Cup gets underway. Nicole Valdes reports.