Wall Street has worst week since 2008
Coronavirus fears caused stocks to fall for the seventh straight day. Traders blamed the lack of consistent message from the Trump administration. Nikki Battiste reports.
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Coronavirus fears caused stocks to fall for the seventh straight day. Traders blamed the lack of consistent message from the Trump administration. Nikki Battiste reports.
Coronavirus quarantines in China have had a significant impact on the global economy. In Los Angeles, where 40% of all shipped imports enter the country at the U.S.' largest port, traffic is slowing down and affecting job earnings as factory shutdowns are taking a toll on the supply chain. Everything from the automotive industry to the toy industry are taking a hit. Jill Schlesinger joins "CBS This Morning" to explain how U.S. consumers could feel the economic impact of the coronavirus.
The spreading coronavirus outbreak is costing investors trillions. On Wall Street, it was another wild week. Michael George reports.
Fear about the unknowns of coronavirus and other factors sparked a steep plunge on Wall Street Monday morning, triggering a temporary halt in trading. Axios markets reporter Courtenay Brown joins CBSN to explain what's behind the sell-off.
Headlines across the country referred to Monday’s stock market plunge as "Black Monday," one of many ways racism has become entwined in American culture. CBS News contributor Ibram X. Kendi won a national book award for his book tackling America's long history with racism. Kendi is now teaming up with author Jason Reynolds to rework it for a younger audience, "Stamped: Racism, Antiracism, and You: A Remix of the National Book Award-Winning Stamped from the Beginning." The duo joins "CBS This Morning" to preview the book, aimed at readers aged 12 and older.
A plunge on Wall Street triggered a trading halt Thursday morning, in the wake of President Trump's decision to impose a travel ban on most of Europe amid the global coronavirus outbreak. Anthony Mason anchors this CBS News Special Report.
The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days -- its fastest slide since 1931. Greg Ip, the Wall Street Journal's chief economics commentator, said a recession is "likely." He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on "CBS This Morning."
Wall Street halted trading Monday morning for the third time in the past two weeks amid continued alarm about the impact of coronavirus. Anthony Mason anchors a Special Report with reporting from CBS News White House correspondent Weijia Jiang and business analyst Jill Schlessinger.
Stock markets are down again Wednesday morning as fears about the coronavirus have led to investor uncertainty. Melissa Armo, CEO and founder of The Stock Swoosh, joins CBSN to talk about what's been happening.
Four U.S. senators reportedly sold stocks before the coronavirus sent markets plunging. Republican Senator Richard Burr sold up to roughly $1.7 million in mid-February, days after penning an op-ed assuring Americans that the U.S. was prepared to handle the disease. No charges have been filed and there is no evidence any of the four senators had insider information. Nancy Cordes reveals who the other Senators are and breaks down the details surrounding the accusations.
U.S. markets were down Monday morning despite the Federal Reserve announcing unprecedented measures to stabilize the markets. Melissa Armo, C.E.O. and founder of the Stock Swoosh, joined CBSN to talk about what's happening on Wall Street.
The Dow Jones Industrial Average dropped again Friday morning after rallying earlier this week. Melissa Armo, C.E.O. and founder of The Stock Swoosh, joined CBSN to talk about what's happening on Wall Street.
The stock market jumped Friday despite the coronavirus pandemic because of optimism about a potential treatment and plans for reopening the country. Yahoo Finance reporter and anchor Akiko Fujita joined CBSN with details.
The Dow has jumped 2.2% on Wednesday, making it the biggest monthly gain since 1987. However, the economy is in a tailspin due to the coronavirus outbreak. Weijia Jiang reports.
Individual investors — many of whom are first-time traders — are taking advantage of the coronavirus stock market turmoil and opening record numbers of online brokerage accounts, according to the Wall Street Journal. Courtney Dominguez, senior wealth advisor at Payne Capital Management, joins CBSN to share some smart investing strategies during uncertain times.
The coronavirus crisis "is hitting the lower 60% of the economy much harder than it's hitting the upper 40% of the economy," market analyst Frances Stacy said.
The markets closed lower on the first day of May, but in April stocks rose even while the economy slowed. Yahoo Finance anchor and reporter Akiko Fujita joined CBSN with the latest on the markets.
Traders are wary of getting stuck owning crude with nowhere to store it, as tanks are nearing storage capacity.
Stocks spiked amid hopes the U.S. economy could reopen and promising early results for a remdesivir drug trial.
Stocks tumbled despite the historic cut of almost 10 million barrels, ushered in through President Donald Trump's efforts.
Lawmaker denies wrongdoing in trades she and her husband, who heads New York Stock Exchange, made before market crash.
The Dow slumped on Friday after U.S. employers cut 701,000 more jobs than they added, the first drop in a decade.
"This is the fastest move in history from an all-time high to a bear market," one finance pro commented.
Investors were buoyed by health care companies announcing developments that could slow the pandemic.
$2 trillion stimulus package "is a patch, not a panacea" for the American economy, Morgan Stanley says.
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.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
Police have not said what led to the shooting or whether the synagogue or Jewish community was targeted.
CNN was set to provide pool coverage on Monday and accompany President Trump on a trip to New York City, but there will not be a network TV pool team traveling with him.
Officials said the man was shot at least once in the torso and was in serious but stable condition.
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
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.
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
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.
CNN was set to provide pool coverage on Monday and accompany President Trump on a trip to New York City, but there will not be a network TV pool team traveling with him.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
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.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
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.
The discovery of the nine bodies has fueled fear and anger, as authorities investigate whether a serial killer or killers were responsible.
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.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
"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.
Betting apps are being accused of fueling addictive behavior, especially for vulnerable gamblers. Alex Klavens, a data journalist for The New York Times, interviewed former DraftKings employees who claim the platform may have been targeting addicts. He joins CBS News 24/7 to discuss his findings.
Recent polling data shows that a large portion of Americans believe AI models could be used by other countries to harm humans. CBS News' Anthony Salvanto breaks down the numbers.
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.
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
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.
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.
The discovery of the nine bodies has fueled fear and anger, as authorities investigate whether a serial killer or killers were responsible.
A federal immigration agent shot a Venezuelan migrant in Austin, Texas, officials say. CBS News' Jason Allen reports.
Meghan Sacks and Amy Shlosberg, criminologists and 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.
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.
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.
Betting apps are being accused of fueling addictive behavior, especially for vulnerable gamblers. Alex Klavens, a data journalist for The New York Times, interviewed former DraftKings employees who claim the platform may have been targeting addicts. He joins CBS News 24/7 to discuss his findings.
A Venezuelan man who was shot by a U.S. Immigration and Customs Enforcement agent in Austin, Texas, on Sunday during a DoorDash delivery is now in federal custody, officials say. CBS News' Camilo Montoya-Galvez has the latest.
Iran-backed Houthi rebels in Yemen say they launched attacks against Saudi Arabia amid escalating tensions in the Middle East. CBS News' Holly Williams has more.
Recent polling data shows that a large portion of Americans believe AI models could be used by other countries to harm humans. CBS News' Anthony Salvanto breaks down the numbers.
There will be no television pool coverage of President Trump on Monday after he banned three major news outlets from the White House. CBS News' Nanc Cordes explains.