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
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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
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.
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.
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.
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.
As with GameStop, an extended rise could force big investors to reverse short trades — pushing silver prices higher.
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
The titans of finance were shaken by a subculture of amateur traders on WallStreetBets, whose viral stock purchases sent hedge funds reeling.
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'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.
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.
It's the biggest stock rise from election to inauguration for any president since Hoover. It also creates another risk for President Biden.
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.
Despite the shocking political turbulence, investment pros expect the U.S. economy to have its best year in decades.
Dow closes at record high, buoyed by hopes for more coronavirus relief following Senate wins for Democrats.
Wall Street closes volatile 2020 that had market falling from record high into a bear market at fastest clip ever.
Company used celebrities, including "Wolf of Wall Street" Jordan Belfort, to tout services that bilked customers, FTC says.
Markets rose as Pennsylvania certified election results, confirming President-elect Joe Biden's victory.
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.
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.
Investors cheered by positive vaccine trial and growing political certainty following U.S. presidential 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.
The stock market won't tell us the winner, but it could indicate what is next for the U.S. economy.
Investors see cause for optimism even as uncertainty remains about whether Joe Biden or Donald Trump will be the winner.
In the first interview since his ex-wife's murder trial, Patrick Clancy describes what happened at home before his children were killed and how he handled his grief in the aftermath.
As President Trump touts a looming decision on his next move in the war, Tehran says any "new aggression" would be met with different weapons in new places.
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
Data center construction is booming, with many more planned for rural America. But there's also growing tension between economic development and community pushback.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
Officials said the man was shot at least once in the torso and was in serious but stable condition.
Police have not said what led to the shooting or whether the synagogue or Jewish community was targeted.
The scale and duration of Iran's response appeared to take the U.S. goverenment by surprise, three sources who were in Bahrain at the time told CBS News, in part because families hadn't yet been required to evacuate.
A man shot and killed a woman in Delaware last week, after he mistook her for a deer, police said.
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
The lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
Eighteen suspects who were arrested in the July 2021 killing of Haitian President Jovenel Moïse were awaiting extradition to the U.S. on Sunday.
Predictions that AI could destroy humanity in a few years are irresponsible and not based on science, Nvidia's co-founder told CBS News.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
The scale and duration of Iran's response appeared to take the U.S. goverenment by surprise, three sources who were in Bahrain at the time told CBS News, in part because families hadn't yet been required to evacuate.
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
As President Trump touts a looming decision on his next move in the war, Tehran says any "new aggression" would be met with different weapons in new places.
GOP Sen. Bill Cassidy of Louisiana urged the president to be "radically honest" when he's speaking about vaccines, as the U.S. this year has recorded the most measles cases in more than three decades.
Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng, ahead of the planned summit between President Trump and Chinese President Xi Jinping this week.
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
The twins were born in Ethiopia with a rare condition that left them joined at the head. Doctors spent a year planning a separation surgery.
Porsha Williams revealed to "CBS Mornings" co-anchor Gayle King that she had to undergo an emergency partial hysterectomy this year after doctors discovered 21 uterine fibroids
The scale and duration of Iran's response appeared to take the U.S. goverenment by surprise, three sources who were in Bahrain at the time told CBS News, in part because families hadn't yet been required to evacuate.
Meloni said the government would bring the proposed legislation to the Council of Ministers, after which it would require parliamentary approval to become law.
Police have not said what led to the shooting or whether the synagogue or Jewish community was targeted.
An investigation is underway to establish the definitive cause of the deaths inside the area where wildlife including lions, elephants and black rhinos live.
As President Trump touts a looming decision on his next move in the war, Tehran says any "new aggression" would be met with different weapons in new places.
"Survivor" host Jeff Probst sits down with "CBS Mornings" to discuss the show's upcoming 51st season, which features some new twists and turns.
Ed Sheeran performed alone at his first concert since Macklemore was dropped from the tour for his pro-Palestinian comments onstage, resulting in Sheeran's other openers leaving as well. Sheeran told fans he "never wanted to be an activist musician" amid the controversy. Vlad Duthiers has the latest.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
This month marks 60 years since the first episode of Star Trek aired on TV, and Dave Malkoff shows how all these years later, the future is now.
This weekend, British pop star Ed Sheeran resumed his concert tour in Philadelphia, with no openers, amid a world of controversy. Jared Ochacher reports from outside Lincoln Financial Field.
Bill Gates, co-founder of Microsoft and the Gates Foundation, sits down with "CBS Mornings" to announce a new coalition for addressing global access to AI and the ongoing debate around tech safety.
Norah O'Donnell spoke with a Texas cattle rancher for "60 Minutes" who says development of AI data centers threatens his livelihood, and may impact how he votes in the next election.
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.
Details on another incident involving a rogue AI agent are emerging as President Trump prepares to meet with Chinese President Xi Jinping in Washington, D.C. Politico's Katherine Long joins CBS News with more details.
Hosted by Jane Pauley. Featured: Battling sports gambling addiction; Charles Spencer on his sister, Princess Diana; Nvidia CEO Jensen Huang on AI; Kentucky Gov. Andy Beshear; Hollywood superagent Ari Emanuel; The Smithsonian's Lonnie Bunch; and a spectacle of buffalo puppetry.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Meghan Sacks and Amy Shlosberg, criminologists and associate professors of criminology at Fairleigh Dickinson University, join "CBS Mornings" to break down Patrick Clancy's "60 Minutes" interview.
A Venezuelan man was shot in Austin, Texas, by a U.S. Immigration and Customs Enforcement agent on Sunday, officials say. 28-year-old Wilber Rafael Garces Perez was working for DoorDash at the time of the shooting, his lawyer said. CBS News' Jason Allen reports.
A man shot and killed a woman in Delaware last week, after he mistook her for a deer, police said.
Patrick Clancy says he suffered a "massive, traumatic" panic attack on the second day of his testimony during Lindsay Clancy's murder trial. "60 Minutes" correspondent Ross Douthat joins CBS News Mornings with more on his conversations with Clancy.
CNN, MS NOW and Politico say they are suing the Trump administration after being barred by the president. CBS News' Olivia Rinaldi reports.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
"Survivor" host Jeff Probst sits down with "CBS Mornings" to discuss the show's upcoming 51st season, which features some new twists and turns.
Meghan Sacks and Amy Shlosberg, criminologists and associate professors of criminology at Fairleigh Dickinson University, join "CBS Mornings" to break down Patrick Clancy's "60 Minutes" interview.
Bill Gates, co-founder of Microsoft and the Gates Foundation, sits down with "CBS Mornings" to announce a new coalition for addressing global access to AI and the ongoing debate around tech safety.
On this edition of CBS Deals, we show you items that could help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Norah O'Donnell spoke with a Texas cattle rancher for "60 Minutes" who says development of AI data centers threatens his livelihood, and may impact how he votes in the next election.