Lehman's accounting trick
Attorney Anton Valukas, who investigated the Lehman Brothers collapse, says there's only one reason the company would use the accounting trick known as Repo 105.
Stock Market
Stocks may be heading for a bear market
A growing list of headwinds, including some scary historical comparisons, makes a 20 percent drop more likely
Chinese punished for spreading "rumors"
Government steps up effort to silence all criticism ahead of major military parade, saying 197 face consequences for rumors about stocks, explosions
Ben Stein: Don't blame China for stock market woes
Says it's machinations of high-roller investors, not market upheavals in Asia, that account for Wall Street's recent tumble
How to invest during volatile markets
Here's how seasoned investors and professional advisors act during times of market volatility
U.S. stocks rise after Chinese market surges
Financial markets continue to recover after concerns over China's slowing growth slammed equities
Slack eurozone growth keeps global stocks in check
Falling oil prices also weighed on markets across Asia and Europe in Friday trading, though Shanghai managed a small rise
Global markets bounce back as yuan fears ease
Asian and European stocks traded higher on Thursday, with China's currency dipping far less than in the two previous days
Stocks, commodities slump after China currency move
Despite reassurances from Beijing, move to devalue yuan triggers broad slide in equities
Big media stocks are bad news for Wall Street
Also, Keurig Green Mountain plunged 30 percent on falling sales and helped push the Dow down for a sixth straight day
Global stocks markets muted as U.S. jobs data awaited
U.S. shares were set to be little changed: Both S&P 500 and Dow futures were flat
The Federal Reserve's September cliffhanger
It seems to be leaning closer to the the fall as liftoff for the first rate hike since 2006, or will it delay yet again?
China's market meltdown is a home-grown calamity
One analyst believes Beijing's attempts to prop up stocks instead reveal market weakness and only compound earlier errors
What stock market tumble means for China, rest of world
At its peak in early June, the Shanghai Composite Index had risen about 150 percent from late 2014
Global stock markets uneven after China's growth data
Futures augured a tepid start for Wall Street: S&P 500 futures rose 0.1 percent and Dow futures were flat
Global stocks uneven after Greece deal
Wall Street looked set for a tepid start, with both Dow and S&P 500 futures flat
China accuses trading firms of manipulating stocks
China's market benchmark plummeted 30 percent over the past month; decline wiped out $3.8 trillion in investor wealth
Global stocks rise as China rebounds
Wall Street looked set for a higher open: Dow futures were up 0.9 percent and broader S&P 500 futures jumped 1.1 percent
A bad day in the life of a fragile market
Investors found no shelter Wednesday as vulnerabilities ranging from Greece to China to the New York Stock Exchange dominated
U.S. stocks close higher as Greece debt talks proceed
Greece and its creditors are holding talks in Brussels to discuss how to keep the country from falling out of the euro
Most markets drop after Greek results, but China rises
Wall Street looked set for a rough start: S&P futures were down 0.7 percent and Dow futures declined 0.8 percent
Global stocks gain as U.S. data eclipse Greek risk
Futures showed that Wall Street was set for a tepid start: S&P 500 futures rose 0.1 percent while Dow futures gained 0.1 percent
What Monday's "shock day" sell-off could signal
The intensity of yesterday's fall is of a caliber that marked the last two bull market tops, in 2000 and 2007
Rising "Grexit" risk is beating down stocks
As Athens battles its creditors and debt payment deadlines pass, selling pressure is likely to stick around
Wall Street's rally fizzles on Friday
Still, the major indexes closed higher for week, with the S&P 500 notching its best five-day performance since April
Trump to address U.N. General Assembly as he navigates Iran, Gaza, Ukraine conflicts
President Trump is addressing the United Nations General Assembly as the war with Iran approaches its seventh month.
Only on CBS
Patrick Clancy opens up about grief, his children and moving forward
In the first interview since his ex-wife's trial, Patrick Clancy describes what happened at home before his children were killed and how he handled his grief.
Family tied to suspected Chinese spy gave $4.4M to Newsom, Calif. politicians
C.C. Yin's family has donated nearly $3 million to state-level California political causes and an additional $1,455,027 to federal campaigns.
Live
Iran's president heads for U.N. summit ahead of possible Trump meeting
Iran's president said before departing for New York that he would "firmly defend" his country's positions at the U.N. General Assembly.
Presidential TV pool suspended after Trump bans CNN
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.
Selling early access to Trump Truth Social posts is illegal, ex-prosecutors say
Trump Media & Technology recently launched a Truth Social API data feed, charging $100,000 for "real-time access to posts from the highest-ranking Truth Social accounts."
What is an "AI swarm," and why it giving tech experts nightmares?
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Lindsay Clancy's attorney requests investigation into holdout juror
Lindsay Clancy's lawyers asked a judge to question the holdout juror about his alleged use of a cellphone during deliberations and his answers on a questionnaire.
Hurricane Polo grows into Category 5 storm off Mexico
Hurricane Polo rapidly intensified off the southwestern Mexican coast on Tuesday, growing into a Category 45 storm .
U.S.
More U.S.
Fishing boat reels in large U.S. military drone off Florida coast
A photo posted on the Hot Spots Charters Facebook page shows the large gray drone next to a table of fish.
Trump to address U.N. General Assembly as he navigates Iran, Gaza, Ukraine conflicts
President Trump is addressing the United Nations General Assembly as the war with Iran approaches its seventh month.
What is an "AI swarm," and why it giving tech experts nightmares?
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Grand jury declines to indict anyone in death of Nolan Wells
Nolan Wells, 18, was found dead after going missing following an outing with friends on Mississippi's Horn Island on the Fourth of July.
Fat Bear Week is here: Meet Backpack, Bucky and other chunky contenders
Sixteen bears are facing off in Fat Bear Week 2026, the highly anticipated tournament among the chunkiest bears at the Katmai National Park and Preserve in Alaska.
MoneyWatch
More MoneyWatch
What is an "AI swarm," and why it giving tech experts nightmares?
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Selling early access to Trump Truth Social posts is illegal, ex-prosecutors say
Trump Media & Technology recently launched a Truth Social API data feed, charging $100,000 for "real-time access to posts from the highest-ranking Truth Social accounts."
Paramount Skydance reaches antitrust deal with states over Warner Bros. Discovery purchase
Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
First on CBS
Bill Gates says Trump's AI views point to societal blind spot
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
Converse pulls sneaker ad after critics say it uses racist imagery
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
Politics
More Politics
Trump to address U.N. General Assembly as he navigates Iran, Gaza, Ukraine conflicts
President Trump is addressing the United Nations General Assembly as the war with Iran approaches its seventh month.
Mamdani, Trump agree to continue discussion on making NYC more affordable
Mayor Zohran Mamdani and President Trump held a high-profile meeting in New York City on Monday. It marked the third time they have met, but the first at Gracie Mansion.
Man shot by ICE being detained with bullet still in his back, lawyer says
Wilber Rafael Garces Perez, the 28-year-old Venezuelan national shot by an ICE officer on Sunday, said in a phone call on Monday that he's "not doing well."
Selling early access to Trump Truth Social posts is illegal, ex-prosecutors say
Trump Media & Technology recently launched a Truth Social API data feed, charging $100,000 for "real-time access to posts from the highest-ranking Truth Social accounts."
Family tied to suspected Chinese spy gave $4.4M to Newsom, Calif. politicians
C.C. Yin's family has donated nearly $3 million to state-level California political causes and an additional $1,455,027 to federal campaigns.
HealthWatch
More HealthWatch
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
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.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
RFK Jr. tells anti-vaccine activists they have a "friend in the White House"
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.
Twins conjoined at the head are separated in 25-hour surgery
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.
World
More World
Hurricane Polo grows into Category 5 storm off Mexico
Hurricane Polo rapidly intensified off the southwestern Mexican coast on Tuesday, growing into a Category 45 storm .
6-year-old girl sets Rubik's Cube speed record, Chinese state media say
Lian Yunzhi, who practices 2 to 3 hours daily, has become the first female speedcuber to average under 4.5 seconds in competition, according to Chinese state media.
Trump to address U.N. General Assembly as he navigates Iran, Gaza, Ukraine conflicts
President Trump is addressing the United Nations General Assembly as the war with Iran approaches its seventh month.
"Pictures to hurt you": A war photographer's final testament to Vietnam
"I want my pictures to hurt," British war photographer Sir Don McCullin told CBS News ahead of the publication of his final book: "Vietnam."
After 9 women murdered, police link 1 death to possible love triangle
The discovery of the nine bodies has fueled fear and anger, as authorities investigate whether a serial killer or killers were responsible.
Entertainment
More Entertainment
Fat Bear Week is here: Meet Backpack, Bucky and other chunky contenders
Sixteen bears are facing off in Fat Bear Week 2026, the highly anticipated tournament among the chunkiest bears at the Katmai National Park and Preserve in Alaska.
Converse pulls sneaker ad after critics say it uses racist imagery
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
"Survivor" host Jeff Probst on 51st season
"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 does first concert since backlash
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, son of Cindy Crawford and Rande Gerber, dies at 27
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
Technology
More Technology
What is an "AI swarm," and why it giving tech experts nightmares?
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Bill Gates compares AI to an alien invasion
Microsoft co-founder Bill Gates is in New York City this week for the UN General Assembly, hoping to prepare world leaders for the huge potential and huge threats AI poses. He spoke with Tony Dokoupil about his concerns.
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.
Jim VandeHei on Trump press ban, AI and more
Axios co-founder Jim VandeHei found a silver lining in the ongoing AI doom-and-gloom and co-wrote a modern survival guide called "Simplify: Do 50% More with 50% Less." Vandehei joins "The Takeout" to discuss the book, artificial intelligence and the Trump administration.
Tech companies sued over alleged AI slowdown
A new lawsuit alleges that several leading artificial intelligence companies violated antitrust laws by agreeing to a coordinated slowdown. Renée DiResta, associate research professor at Georgetown University's Massive Data Institute, joins with analysis.
Science
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Science
Neuroscientists grow human brain tissue in mice
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.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
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.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
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.
Crime
More Crime
Grand jury declines to indict anyone in death of Nolan Wells
Nolan Wells, 18, was found dead after going missing following an outing with friends on Mississippi's Horn Island on the Fourth of July.
Man shot by ICE in Austin speaks out
In Austin, Texas, an ICE officer shot and wounded a 28-year-old Venezuelan man who, according to his lawyer, is now in federal custody with a bullet lodged in his spine. Jason Allen has video from the scene and more details.
"American Idol" contestant on trial for wife's death
A former "American Idol" contestant broke down in court on Monday as images and information about his ex-wife's execution-style killing were laid out in court. Tom Hanson has more details on the murder trial.
Lindsay Clancy's lawyer seeks juror probe
Lindsay Clancy's defense attorney is now asking the judge at her murder trial to question the holdout juror and review his phone records. Shanelle Kaul has more on that and an unseen part of the 60 Minutes Patrick Clancy interview.
Police officer shot outside Ontario synagogue
The holiest day of the Jewish calendar, Yom Kippur, got off to a violent start just after sundown on Sunday night in Canada, when a gunman opened fire on a police officer outside a synagogue in Ontario. It's the latest in a string of synagogue attacks there this year. Ian Lee reports.
Space
More Space
NASA spacecraft discovers moon crater bigger than Roman Colosseum
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 launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
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.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
Latest Galleries
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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.
Dolly Parton: An extraordinary life in pictures
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.
Investigating the death of designer Sylvie Cachay
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 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.
Photos show 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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Details emerge on Presley Gerber's death
Presley Gerber, the son of Cindy Crawford and Rande Gerber, died Sunday at 27 years old in a rehab facility. More details are emerging in his death as police say they're investigating a suspected overdose. Kevin Frazier has the latest.
What to expect from Trump's U.N. speech
President Trump is set to address the United Nations General Assembly Tuesday morning and meet with world leaders as the war in Iran drags on and amid heightened tensions with allies. Ed O'Keefe reports.
Latest on the Austin ICE shooting
Wilber Rafael Garces Perez, a Venezuelan man who was shot by ICE on Sunday while making a DoorDash delivery, is back in the hospital after he was quickly transferred to a detention facility following the shooting. Jason Allen reports.
Northeast flight schedules return to normal
Flight schedules in the Northeast are returning to normal after computer outages caused massive delays on Monday. Kris Van Cleave reports.
Key facts on Paramount Skydance settlement
Paramount Skydance reached a settlement with 12 states regarding antitrust concerns, clearing the way for its $110 billion acquisition of Warner Bros. Discovery. Jo Ling Kent reports.