Dow closes 400 points down amid Iran war outbreak
Oil prices continue to climb and U.S. stock markets remain uneasy amid the war with Iran. CBS News' Kelly O'Grady has the details.
Stock Market
Trump announces political risk insurance for ships in Gulf
President Trump on Tuesday said he ordered political risk insurance for the financial security of all maritime trade traveling through the Gulf. CBS News' Kelly O'Grady has more.
Stocks set to slide as investors focus on the Iran war's impact on oil
Airline stocks were among Monday's biggest losers, and their declines are poised to continue on Tuesday, data shows.
Stocks rebound after earlier drop on concerns about Iran war impact
Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
Stocks slump as inflation, AI worries rattle investors
Stocks fell Friday after a report showed higher-than-expected inflation and as Wall Street continues to fret over AI-related disruption.
Dow closes down more than 800 points as AI and tariff risks rattle investors
Stocks slumped amid investor fear of AI disruption and uncertainty surrounding President Trump's new tariffs.
Fears about AI rock stock markets
Investors are dumping some stocks in sectors that may be impacted as more artificial intelligence products emerge. Ines Ferré, a senior business reporter at Yahoo Finance, joins CBS News with more.
What's open and closed on Presidents Day 2026?
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
Stock market on Trump Greenland remarks
The stock market appears to be reacting positively to President Trump's remarks about Greenland at the World Economic Forum, where he stated he would not use force to take the Arctic island. Erin Delmore, a geoecomomics correspondent, joins CBS News with more.
Stocks plunge over Trump threats of tariffs
Stocks plunged on the first day of trading after President Trump threatened tariffs against European nations that oppose his bid to acquire Greenland. Lauren Hirsch, a New York Times reporter, joins CBS News with more.
Stocks slide after Trump threatens European allies with tariffs
U.S. stocks sank on Tuesday following President Trump's weekend threats to impose tariffs on some NATO trading partners.
Stocks dip after new Trump tariff threats
The U.S. stock market suffered big losses on Tuesday following President Trump's threat to impose new tariffs on European allies over his bid to acquire Greenland. CBS News senior business and technology correspondent Jo Ling Kent has more.
Dow closes 870 points down amid tariff threats
Markets closed in the red on Tuesday amid President Trump's tariff threats against European countries for opposing his aim to acquire Greenland. Dr. Sumantra Maitra, fellow at the Royal Historical Society, joins with analysis.
Stock markets react to Trump tariffs threats
Stock markets opened in the red for the first time since President Trump threatened tariffs against European nations who oppose his plans to take over Greenland. Joe Ciolli, an executive editor at Business Insider, joins CBS News with more.
Possible impacts from 10% credit card rate cap
The Dow Jones fell nearly 400 points on Tuesday as traders reacted to President Trump's proposal to cap credit card interest rates at 10% for one year. Kristin Myers, ETF editor-in-chief at Asset TV, joins to discuss how the plan could impact borrowers if implemented.
Markets react to Powell DOJ investigation
White House National Economic Council Director Kevin Hassett is weighing in on a potential Justice Department probe into Federal Reserve Chair Jerome Powell. CBS News contributor Javier E. David has more on how the markets are reacting.
Stock markets react to Venezuela news
Stock markets rallied as more news emerges about potential investment opportunities in Venezuela. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.
What's open on New Year's Day 2026? See which stores are operating.
Banks, post offices and major stock exchanges will be closed in observance of the federal holiday, but some stores are open.
Is anything open on New Year's Eve 2025? See which stores are operating.
Most major retailers and grocery stores will be open on New Year's Eve, although some will have reduced hours.
Economic news to watch for in 2026
With just one day left of trading before the new year, CBS News is taking a look at where things stand today and what might be driving the markets in 2026. Dallas Morning News business editor Javier David joins with more.
Stocks rally after Christmas holiday
The "Santa Claus rally" that is occurring in the stock market after the holidays is setting up an optimistic view among investors as 2026 begins. Phil Luck, a director at the Center for Strategic and International Studies, joins CBS News to explain.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
News on 2025 spending, economic concerns
Some Americans enjoyed massive gains in the stock market during 2025, while others cut corners as prices grew higher. CBS MoneyWatch correspondent Kelly O'Grady has more on the U.S. economy as 2026 approaches.
What's open on Christmas Eve 2025? See which stores are operating.
Many businesses adjust their hours on Christmas Eve, so it's best to plan ahead if you need to do any last-minute shopping.
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Live
Iran calls Strait of Hormuz situation "sensitive and complex" amid shaky ceasefire
Iran denied its negotiators would be meeting with U.S. officials in Qatar after President Trump announced the talks would resume at Tehran's request.
Some Russian soldiers last just minutes on front lines, military bloggers say
Once Russian soldiers reach certain parts of the front lines of the war in Ukraine, they can expect to live an average of just 20 to 35 minutes, according to a grim estimate by Russian military bloggers.
Trump nominates Keith Sonderling as labor secretary
Sonderling was elevated to the role in an acting capacity after Labor Secretary Lori Chavez-DeRemer left the position in April.
Heat dome to scorch major U.S. cities this week, forecasters warn
A heat wave will blast a large swath of the U.S. this week. The National Weather Service says temperatures will feel hotter because of the high humidity that's arriving with it.
CBS Chicago reporter, photographer attacked by 2 men
One of the men then smashed our photographer's camera while the other smashed the windshield of our news truck.
Woman killed, 2 injured in series of Florida alligator attacks
Officials say people and pets should keep a safe distance away from the water to limit the chances of an alligator encounter.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
Aide who planned JFK Jr.'s secret wedding weighs in on Swift-Kelce rumors
RoseMarie Terenzio, who was JFK Jr.'s former chief of staff and planned his secret wedding to Carolyn Bessette, said she doesn't think Taylor Swift and Travis Kelce are getting married at Madison Square Garden.
U.S.
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CBS Chicago reporter, photographer attacked by 2 men near Adler Planetarium
One of the men then smashed our photographer's camera while the other smashed the windshield of our news truck.
CBS News poll on America at 250 — its successes and its challenges
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
MoneyWatch
More MoneyWatch
Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
The Trump administration says SNAP is rife with fraud and waste. Is it?
The USDA says almost 11% of SNAP payments contain errors, almost double the threshold set by Congress. Here's what is going on.
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continues
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Politics
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Trump nominates Keith Sonderling as labor secretary
Sonderling was elevated to the role in an acting capacity after Labor Secretary Lori Chavez-DeRemer left the position in April.
CBS News poll on America at 250 — its successes and its challenges
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
Senate Ethics Committee dismisses misconduct complaint against Gallego
The bipartisan committee said it "did not find evidence that your actions violated federal law, Senate rules or related standards of conduct."
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continues
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
HealthWatch
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Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Former NFL star Chris Johnson says he's been diagnosed with ALS
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Mom gets answers after fighting for diagnosis: "Something's wrong"
Michelle Williams struggled with high blood pressure and swelling for years before she was finally diagnosed with an unusual condition.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
World
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Some Russian soldiers last just minutes on front lines, military bloggers say
Once Russian soldiers reach certain parts of the front lines of the war in Ukraine, they can expect to live an average of just 20 to 35 minutes, according to a grim estimate by Russian military bloggers.
Putin says Ukrainian strikes on infrastructure causing "problems" for Russia
Ukraine has intensified strikes on Russia recently, targeting energy and logistics infrastructure.
Rescue teams continue to find survivors of Venezuela earthquakes
Tens of thousands of people are still presumed to be missing after two powerful earthquakes struck Venezuela last week.
6 killed, suspect arrested in shooting at German youth center, police say
German police say a suspect was in custody and six were killed in a rare shooting that took place at a youth center in Stade, near Hamburg.
Soccer star's wife and 2 children killed in Venezuela earthquakes, team says
The wife and two children of Argentine soccer star Lucas Trejo died after powerful earthquakes struck Venezuela, his team said.
Entertainment
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Entertainment
Taylor Swift wedding mystery deepens
Will Taylor Swift be marrying Travis Kelce this week at Madison Square Garden? Jericka Duncan reports.
Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
Aide who planned JFK Jr.'s secret wedding weighs in on Swift-Kelce rumors
RoseMarie Terenzio, who was JFK Jr.'s former chief of staff and planned his secret wedding to Carolyn Bessette, said she doesn't think Taylor Swift and Travis Kelce are getting married at Madison Square Garden.
Olivia Wilde, Edward Norton on "The Invite"
Olivia Wilde and Edward Norton, stars of "The Invite" preview the film, which explores the unraveling and evolution of two very different marriages over the course of an unforgettable evening. The two discuss if they brought any of their own experiences to the movie and Wilde, who also directed the film, shares why she was initially reluctant to star in it.
Preview of "The Angry Birds Movie 3"
"CBS Mornings" exclusively reveals the trailer for "The Angry Birds Movie 3." The film stars Jason Sudeikis and debuts in theaters on Dec. 23.
Technology
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Technology
U.S. eases restrictions on Mythos AI model
The Trump administration is allowing Anthropic to restore access to its Mythos 5 AI model for a select group of U.S. companies and federal agencies. New York Times tech reporter Sheera Frenkel joins CBS News to discuss.
How trains drove American history
The transcontinental railroad changed just about everything in America: transportation, communications, commerce, cities, politics, even our perception of time. Correspondent David Pogue visits Steamtown National Historic Site, in Scranton, Pa., home to Big Boy, the biggest functioning steam train in the world, to learn how trains helped define an expansive America.
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.
California creates AI job trend tracker
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Science
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Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Seahorses and seadragons, some of Nature's most curious creatures
Seahorses are unique ocean inhabitants with a head like a horse, a pouch like a kangaroo, a tail like a monkey, and the ability to camouflage themselves like a chameleon. They also exhibit an unconventional gender dynamic, in that the males do the work of carrying around fertilized eggs. Correspondent Conor Knighton goes in search of these fascinating fish – and their equally fascinating cousins, seadragons – at the Birch Aquarium at the Scripps Institution of Oceanography in California.
Crime
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Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
6 killed, suspect arrested in shooting at German youth center, police say
German police say a suspect was in custody and six were killed in a rare shooting that took place at a youth center in Stade, near Hamburg.
Alex Murdaugh to return to court
Alex Murdaugh is expected back in court in South Carolina on Monday for the first time since the state Supreme Court overturned his convictions for killing his son and wife. Skyler Henry reports.
Detective believes 6-year-old's mother was killed in next room while he slept
For most of his life, Reggie Reed has wondered who murdered his mother Selonia Reed decades ago in Hammond, Louisiana. A fresh look at the evidence ultimately implicated the man he called his "rock" — Reginald Reed Sr., the man who lovingly raised him.
Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Space
More Space
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
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
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Latest CBS News Videos
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
More mixed messages on U.S.-Iran peace talks
President Trump says the U.S. and Iran will resume talks in Doha on Tuesday, but Iran's senior negotiator denies a meeting is scheduled. CBS News' Weijia Jiang reports.
Inside the SCOTUS rulings on firings, ballots
The Supreme Court on Monday handed down decisions in cases that dealt with presidential firings and mail-in ballots. CBS News' Jessica Levinson has more.
Major wildfire continues in Utah
Wildfires in the American West turned deadly over the weekend, killing three elite federal firefighters. Thousands of others are deploying in response to nearly 100 fires, the largest one in Utah, where the governor says the Cottonwood Fire could be the most destructive in that state's history. Jonah Kaplan reports and Rob Marciano has a look at the forecast.
Group running American flag from coast to coast
A group called "Relay for America" is running with a single American flag from one end of the United States to the other in celebration of the country's 250th birthday. Tony Dokoupil has more.