Wall Street booms, millions still unemployed
While Wall Street is booming, Main Street is seeing millions of Americans file for unemployment. Experts say it has created big winners and big losers. Mark Strassmann reports.
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While Wall Street is booming, Main Street is seeing millions of Americans file for unemployment. Experts say it has created big winners and big losers. Mark Strassmann reports.
Apple loses more than $100 billion in value amid reports it will delay release of new operating system.
Uncertainty over the global response to the coronavirus outbreak saw stocks plummet in Asia and Europe. As the U.S. markets prepare to open, futures paint a gloomy picture. CBS News business analyst Jill Schlesinger joins CBSN with the details.
Apple and Tesla are both splitting their stocks to make them more affordable for small investors who can't afford to buy individual shares at their current prices. Akiko Fujita, an anchor and reporter for Yahoo Finance, joins CBSN to discuss what that could mean for the companies and investors.
Wall Street has gained back all its losses from the coronavirus-induced drop in March.
Benchmark index surpassed its previous record on February 19 amid expectations for an economic rebound in 2021.
Head of Boston Fed said in a speech on Wednesday that the economic recovery appears to be slowing.
The economic shutdown since the coronavirus outbreak has forced more than 50 million Americans out of work and caused a turbulent stock market. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss how to navigate the financial uncertainty.
Wall Street loves the software giant's "big bet" as a way to attract consumers and take on Facebook.
Even as the pandemic threatens to overrun the U.S., investors are betting on a swift economic rebound.
Nearly 1.5 million Americans filed for unemployment last week even as more states reopened their economies. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to break down the numbers.
Despite sky-high unemployment, some economists believe the U.S. is already on the road to recovery. Are they right?
According to an Axios report, sports bettors may be playing a role in the recent stock market surge. Dion Rabouin, a markets editor for Axios, joins CBSN to discuss the similarities between day trading and sports betting.
"Beijing will not turn into a second Wuhan," one city official has vowed amid fears of a possible second wave of coronavirus infections.
Wall Street is growing pessimistic amid a resurgence of coronavirus cases in China and new outbreaks in the U.S.
Investors are worried that an increase in infections in some U.S. states could threaten the nation's economic recovery.
The "biggest payroll surprise in history" is fueling investor optimism that the economy is rebounding.
Biotech stocks like Moderna and Novavax are up as much as 1,200% this year as Wall Street bets on coronavirus cures.
Moderna's CEO and other executives made millions selling stock after the company's COVID-19 vaccine announcement. CBS News MoneyWatch senior reporter Stephen Gandel joins CBSN's Tanya Rivero with the latest.
Stock market has surged 35% since a mid-March low as investors hang their hopes on an economic recovery.
"It's going to be certainly a very historic moment, and special moment for the traders on the floor," Stacey Cunningham, president of the NYSE said.
Investors are jittery as the Trump administration ratchets up the pressure on tariffs ahead of negotiations with China on Thursday.
President Trump is threatening to raise tariffs on $200 billion worth of Chinese goods, rattling investors and causing the Dow to plunge. Melissa Amro, founder and owner of The Stock Swoosh, LLC, joined CBSN to talk about the possible impacts that these tariffs could have on the U.S. economy.
The stock market opened Friday following the Trump administration's increase in tariffs on Chinese goods. Senior columnist at Yahoo Finance, Rick Newman, joined CBSN to discuss how the tariffs are impacting the market, and consumers.
Reddit co-founder and venture capitalist Alexis Ohanian says "we've waited too long" to have conversations about technology that's already used widely in our society. He spoke with CBSN about the upcoming congressional hearings that are meant to explore possible antitrust violations by Facebook, Google, Amazon, and Apple.
President Trump says the U.S. is not engaged in any talks with Iran as the two countries remain locked in a standoff over the Strait of Hormuz after almost six months of war.
The 35-year-old executive assistant to the president is a quiet but loyal force at President Trump's side.
Three states are holding primaries on Tuesday, with Florida deciding on nominees for both governor and for Senate.
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
David Morens, 78, agreed to plead guilty to one count of conspiracy to commit offenses and to defraud the United States.
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The USDA's own inspector general has repeatedly raised concerns about federal oversight of dog breeders.
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."
David Morens, 78, agreed to plead guilty to one count of conspiracy to commit offenses and to defraud the United States.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
More than 7.2 million checks have been mailed so far, with millions more expected to go out this week, according to State Farm.
Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Five flavors of Outshine Fruit Bars sold nationwide were recalled because they may include glass, Dreyer's Grand Ice Cream said.
David Morens, 78, agreed to plead guilty to one count of conspiracy to commit offenses and to defraud the United States.
The 35-year-old executive assistant to the president is a quiet but loyal force at President Trump's side.
The Trump admin. pressured attorneys to investigate allegations of antisemitism at elite universities even though there was no factual or legal basis to do so, former DOJ lawyer says.
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
A federal appeals court sided with houses of worship from the Quaker, Sikh, and Cooperative Baptist Fellowship religious traditions.
In this interview from 2024, former pitching ace Tommy John talked with correspondent Faith Salie about the injury to his pitching arm he suffered in 1974, and about the innovative procedure (which came to be known as "Tommy John surgery") that rescued his career – and would prolong the careers of many more professional and amateur athletes since. [John died on Aug. 15, 2026 at age 83.]
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
Ukraine targets Moscow with a huge wave of drones as Russia warns the U.K. will pay a price for supplying Kyiv with long-range weapons.
The guided-missile destroyer USS Benfold spent four days without power last month after a problem with its engineering, according to a spokesperson for the Navy's 7th Fleet.
U.S. Ambassador to Turkey Tom Barrack says an Israeli attack on a Syrian air force base was an "unnecessary escalation that does not advance regional stability."
The man is accused of luring Amy Lopez under false pretenses into a secluded room, where he then allegedly handcuffed her, sexually assaulted her and killed her.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
"CBS Mornings" revealed the nominees for three categories at this year's VMAs, including artist of the year.
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to discuss some of her favorite books coming to the big screen this year.
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Artificial intelligence and the data centers powering the technology have become a flashpoint ahead of the 2026 midterm elections. Shira Ovide, a technology reporter for The Wall Street Journal, has more.
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.
Popular American chat app Discord says it suspended livestreams in line with a Brazilian government order, amid fierce criticism over a 13-year-old girl's death.
Alpha School is a private school that teaches students subjects like math and reading with artificial intelligence apps. Mackenzie Price, co-founder of Alpha School, joins CBS News to discuss.
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
New York Times technology reporter Mike Isaac joins CBS News to break down the landmark social media trial against Meta that's currently underway, with parents accusing the tech giant of designing its platforms to be addictive and harmful to children.
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."
Lindsay Clancy admitted to killing her three children, but her defense is trying to prove in court that she suffered from postpartum psychosis and was overmedicated. CBS News' Shanelle Kaul reports.
The body of Mississippi teen Nolan Wells was found days after he went missing during a Fourth of July boat trip. NAACP general counsel Kristen Clarke explains why the civil rights organization is joining the Wells family in searching for answers.
Lindsay Clancy's murder trial is generating endless discussion among true crime aficionados online, sparking theories and misinformation over the case. Kathryn Coduto, an assistant professor of media sciences at Boston University, explains why the case has taken social media by storm.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
The Perseid meteor shower is the best viewing all year, according to NASA.
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
The defense in the Lindsay Clancy murder trial called multiple witnesses Tuesday. Clancy has admitted to killing her three young children in 2023, but has pleaded not guilty to murder, arguing she had postpartum psychosis, bipolar disorder and was being overmedicated. CBS News legal contributor Jessica Levinson has more.
President Trump took to social media on Tuesday to say there are no ongoing or planned talks with Iran aimed toward ending the war. CBS News' Nancy Cordes reports on the latest developments and Aaron David Miller, senior fellow at the Carnegie Endowment for International Peace, joins with analysis.
In this interview from 2024, former pitching ace Tommy John talked with correspondent Faith Salie about the injury to his pitching arm he suffered in 1974, and about the innovative procedure (which came to be known as "Tommy John surgery") that rescued his career – and would prolong the careers of many more professional and amateur athletes since. [John died on Aug. 15, 2026 at age 83.]
Pitcher Tommy John, who in the 1970s underwent an innovative procedure on his injured pitching arm that would become famous as "Tommy John surgery," died on Aug. 15, 2026 at age 83. In this "Sunday Morning" story that aired Aug. 16, 1981, John talked with correspondent Heywood Hale Broun about his comeback after surgery, and about baseball's other comeback – returning to the field following the major league players' nearly two-month-long strike. [Also appearing are Yankee outfielder Lou Pinella and trainer Gene Monahan.]
A primary is underway in Alaska on Tuesday for an open Senate seat. CBS News' Anthony Salvanto takes a look at the state's unique primary system.