Dow sinks over 750 points after Israel's attack on Iran
The Dow dropped more than 750 points Friday as investors fret over the risk of a widening war in the Middle East.
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The Dow dropped more than 750 points Friday as investors fret over the risk of a widening war in the Middle East.
The ripple effect of the back-to-back strikes between Israel and Iran were seen in the U.S. stock market on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Stocks tumbled and oil prices surged on Friday in the wake of Israel's strikes in Iran. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Stock futures in the U.S. dropped and global oil prices jumped following an Israeli strike targeting Iran's nuclear facilities.
The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Missed the second half of the show? The latest on American economy and trade talks.
Despite a recent downturn in the stock market, Christine Lagarde forecasts modest growth in the U.S. economy next year.
U.S. and Chinese officials met in London on Monday for a second round of trade talks. CBS News senior business and technology correspondent Jo Ling Kent has the latest on where things stand in negotiations to strike a deal between the world's two largest economies.
Friday's monthly jobs report showed some softening in private sector hiring, but little that would suggest a coming recession, with the economy adding 139,000 jobs in May. Peggy Collins and Laura Davison, who cover politics for Bloomberg News, join "The Takeout" to discuss the jobs report, the latest on the feud between President Trump and Elon Musk, and more.
In 2008, the banking system was near total collapse, the stock market was in free fall, and government officials (it seemed to many) were as clueless as the rest of us. CBS News business analyst Jill Schlesinger looks back at the housing and banking crisis that almost dragged the world down into another Great Depression, and talks with historian Adam Tooze and Wall Street Journal reporter Gretchen Morgenson about how many of the new rules put into place to protect the system from suffering another meltdown are being diluted.
Elon Musk and President Trump continued their war of words Thursday with Musk claiming on social media that Mr. Trump's name appeared in the files related to the case of Jeffrey Epstein, the disgraced financier who died by suicide in federal custody in 2019 while facing charges of sex trafficking. CBS News' Aaron Navarro and Nikole Killion have more. Then, CBS News contributor JD Durkin joins to assess the feud's impact on Tesla stock.
Like millions of Americans, Alicia and Chu Gomez are experiencing the waves of an uncertain, see-sawing market.
Like millions of Americans, Alicia and Chu Gomez are experiencing the waves of an uncertain, see-sawing market. Jill Schlesinger reports.
U.S. stock markets appear calm as President Trump's doubled tariffs on foreign steel and aluminum take effect. This comes as new jobs report data emerges. CBS MoneyWatch correspondent Kelly O'Grady has more.
In a record-breaking year on the stock market, the CEOs of some of the world's leading companies saw their compensation surge, all while their employees saw more modest gains, according to a new analysis. Paul Harloff, global markets editor for The Associated Press, joins to unpack the findings.
President Trump accused China in a social media post of violating its trade agreement with the U.S. This comes as investors react to the latest economic data. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Surprise court ruling striking down most of President Trump's tariffs on imports could bolster stocks, according to Wall Street analysts.
A new term is popping up on Wall Street called "TACO," which stands for "Trump Always Chickens Out." The President says "it's called negotiation."
The stock market rallied on Tuesday following President Trump's announcement that he would delay a 50% tariff on goods from the European Union. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
The stock market closed in the green on Tuesday after President Trump over the weekend delayed the start of tariffs on the European Union. The president also condemned Russia's Vladimir Putin over the war in Ukraine. CBS News' Ed O'Keefe and Caitlin Huey-Burns have the latest.
Trump's decision to delay the implementation of a 50% tariff on the EU sent stocks skyrocketing Tuesday.
One day after it tumbled more than 800 points, the Dow Jones landed in the red by the tiniest of margins on Thursday. CBS News contributor JD Durkin examines the market.
Stocks tumbled Wednesday amid concerns the new budget bill in Congress could deepen the U.S. deficit. Earlier in the day, Target reported weaker-than-expected earnings due partly to anxiety about the implications of President Trump's tariffs. Javier David, business editor at the Dallas Morning News, joins "America Decides" with analysis.
Stocks fell across the board on Wednesday with the Dow Jones plummeting more than 800 points. A spike in treasury yields led to the selloff as investors voiced concerns about the GOP spending bill proposed by President Trump. CBS News contributor Javier David breaks it down.
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
President Trump said on Friday he did not like Iran's new proposal to end the war as the Strait of Hormuz standoff sends costs soaring around the world.
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
Air traffic control audio records showed the exchanges between controllers and the pilots of some of Spirit Airlines' final flights
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
The U.S. accuses Sinaloa Gov. Ruben Rocha Moya of working with cartels to distribute "massive quantities" of narcotics to the United States.
A federal judge scolded prosecutors for pushing to move forward with detention proceedings for accused correspondents' dinner gunman Cole Allen, even though Allen agreed to remain in custody.
The longtime president of Bard College announced his retirement, months after it was revealed that he had a much deeper relationship with convicted sex offender Jeffrey Epstein than was previously known.
Air traffic control audio records showed the exchanges between controllers and the pilots of some of Spirit Airlines' final flights
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
The longtime president of Bard College announced his retirement, months after it was revealed that he had a much deeper relationship with convicted sex offender Jeffrey Epstein than was previously known.
The Republican governors of Tennessee and Alabama called state lawmakers into special sessions on Friday, initial steps in what could be a scramble to redraw congressional maps after the Supreme Court narrowed the Voting Rights Act.
Mike and Kayla Wintz lost their entire 11,000-acre ranch to a wildfire in the span of about two hours. They have since been gifted about $80,000 worth of hay, mostly from anonymous donors.
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
The deal merged Major League Pickleball and the Carvana PPA Tour, two of the nascent sport's most active entities, under one company, Pickleball Inc.
Ford CEO Jim Farley tells CBS News, "Most of our new models are going to be more affordable versions."
Have tickets to fly on Spirit? Here's what to know about refunds and alternative flights as the budget airline ceases operations.
The Republican governors of Tennessee and Alabama called state lawmakers into special sessions on Friday, initial steps in what could be a scramble to redraw congressional maps after the Supreme Court narrowed the Voting Rights Act.
The new measures increase pressure on foreign financial institutions by threatening their access to U.S. markets if they continue to work with Cuban government entities.
A federal judge scolded prosecutors for pushing to move forward with detention proceedings for accused correspondents' dinner gunman Cole Allen, even though Allen agreed to remain in custody.
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
A federal judge on Friday blocked the Trump administration from revoking legal protections for more than 2,800 Yemeni nationals.
Cameron Rider's fatigue, body aches and fever were diagnosed as pneumonia, but he couldn't seem to get better.
A federal appeals court has restricted access to one of the most common means of abortion in the U.S. by blocking the mailing of mifepristone.
Former Sen. Ben Sasse, 54, called daraxonrasib "a miracle drug" that was allowing him to live longer and with less pain.
The "big beautiful bill" requires U.S. states to add work requirements to Medicaid by January 2027. Experts warn millions could lose health coverage.
Hundreds of foreign doctors about to complete training in the U.S. will have to leave the country if the federal government doesn't rapidly process their visa waiver applications, immigration attorneys say.
The U.S. accuses Sinaloa Gov. Ruben Rocha Moya of working with cartels to distribute "massive quantities" of narcotics to the United States.
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
President Trump on Friday told Congress that hostilities with Iran have "terminated," addressing a critical 60-day deadline.
Journalist Paige McClanahan writes about how tourism shapes societies and individuals, and about the need to redefine the meaning of "tourist" in today's shrinking world.
Andy Serkis, the iconic voice of Gollum in "Lord of the Rings," speaks with "CBS Saturday Morning" about his latest project, an animated version of George Orwell's "Animal Farm."
Indian fashion designer Manish Malhotra is no stranger to American red carpets, counting Beyoncé, the Kardashians and Rihanna as clients. Malhotra spoke with "CBS Saturday Morning" about his start as a Bollywood costume designer ahead of Monday's Met Gala.
English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Feeling."
English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Crown."
English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Leap Year."
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins to discuss.
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with 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.
Elon Musk's testimony concluded Thursday in his lawsuit against OpenAI. Nicholas Thompson, CEO of The Atlantic and host of "The Most Interesting Thing in AI" podcast, joins "The Takeout" with analysis.
Elon Musk was cross-examined in his lawsuit against OpenAI on Thursday. In testimony on Wednesday, he said he was "a fool" for funding OpenAI. He is accusing OpenAI and its CEO, Sam Altman, of betraying him and the public by abandoning its core mission as it transitioned from a nonprofit to a for-profit company. WIRED senior writer Maxwell Zeff joins CBS News to discuss.
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
New video shows the alleged White House Correspondents' Dinner shooter breaching event security after roaming the hotel hallways prior to the dinner.
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
Friday marked exactly three months since Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing. Briana Whitney, a breaking news reporter for the Crime Junkie podcast, joins "The Daily Report" with more.
For more than 100 years, the White House Correspondents' Dinner has celebrated the First Amendment and freedom of the press. The annual event is also a fundraiser for journalism scholarships. This year, the White House Correspondents' Association awarded $156,000 in grants to 30 college students. Two recipients, Kaitlin Bender-Thomas and Madison Maynard, join "The Daily Report" to discuss the shooting.
Newly released video shows the White House Correspondents' Dinner shooting suspect and his movements ahead of the attack. Other video also shows a clearer image of the confrontation between law enforcement and the suspect. CBS News' Anna Schecter has more details.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Transportation Secretary Sean Duffy held a news conference at Newark Liberty International Airport on Saturday morning after Spirit Airlines announced it would immediately cease operations.
Andy Serkis, the iconic voice of Gollum in "Lord of the Rings," speaks with "CBS Saturday Morning" about his latest project, an animated version of George Orwell's "Animal Farm."
Indian fashion designer Manish Malhotra is no stranger to American red carpets, counting Beyoncé, the Kardashians and Rihanna as clients. Malhotra spoke with "CBS Saturday Morning" about his start as a Bollywood costume designer ahead of Monday's Met Gala.
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English singer-songwriter Billie Marten has been compared to legends like Joni Mitchell, Kate Bush and Nick Drake. Her latest album, "Dog Eared," has received widespread praise for its soothing yet evocative sound. Here's Billie Marten performing "Feeling."