Stock market suffers another wipeout over inflation and tariff fears
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
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Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
Stocks are dropping ahead of the weekend as new data signals inflation remains stubborn. This comes as investors remain uncertain over tariffs and the future of the U.S. economy. Paul La Monica, a senior markets analysis writer at Barron's, joins CBS News with more.
President Trump took questions in the Oval Office where he announced the U.S. will assist Myanmar in earthquake recovery efforts. Mr. Trump also commented on his call with Canadian Prime Minister Mark Carney, the future of Greenland and the latest news on tariffs. CBS News' Scott MacFarlane has more.
President Trump said he had a productive conversation with Canadian Prime Minister Mark Carney as concerns persist over a tariff war. CBS News' Aaron Navarro reports.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
President Trump hopes 25% tariffs on auto imports will grow America's manufacturing base and reduce the nation's debt, but will it lead to short-term price spikes for American car buyers? Kelly O'Grady explains.
The new tariffs that go into effect next week will raise the cost not only of imported cars but of the parts needed to repair them. And that will mean higher premiums for car insurance. Ash-har Quraishi has more.
President Trump says he will put a 25% tariff on all foreign vehicles and auto parts imported into the U.S. Kelley Blue Book executive editor Brian Moody breaks down the potential impact.
A new CBS News poll finds that Americans' economic outlook has grown slightly more pessimistic in the past month. High prices are weighing on people, with most saying they're on the rise. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
President Trump withdrew New York Rep. Elise Stefanik's bid to be the next ambassador to the United Nations on Thursday, with Republicans' tight House majority likely to blame. Plus, the Dow Jones and some auto stocks dropped one day after the president announced a 25% tariff on imported cars. CBS News' Ed O'Keefe, Nikole Killion and Kelly O'Grady have the latest.
Billboards such as those spotted in the Metro Detroit area this week read, "Tariffs are a tax on your grocery bill."
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Canadian Prime Minister Mark Carney is reacting to news of a new tariff on foreign-made cars announced by President Trump. This comes as criticism ramps up over the Signal group text controversy plaguing the Trump administration. CBS News' Aaron Navarro and Jo Ling Kent have the latest.
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
President Trump announced potential tariffs on foreign-made cars to encourage the purchase of American-made automobiles. CBS News' Ed O'Keefe reports.
President Trump on Wednesday announced a 25% tariff on automobiles made outside the U.S. CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down the impact for consumers.
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
President Trump announced a 25% tariff on automobiles and light trucks imported into the U.S. that will take effect April 2, escalating his administration's use of aggressive trade measures in an effort to boost domestic manufacturers. Jo Ling Kent has more.
President Trump imposed a 25% tariff on all cars imported into the U.S. on Wednesday. The announcement comes as his administration continues to deal with the aftermath of a leaked Signal group chat among top officials. Political strategists Liza Acevedo and Justin Sayfie join "America Decides" with analysis.
Investors on Wall Street are bracing for President Trump's looming tariffs on auto imports. He is expected to unveil the new duties on Wednesday. CBS News senior business and tech correspondent Jo Ling Kent reports.
Canada is freezing all rebate payments for Tesla, according to Reuters. This comes as tensions remain between the U.S. and Canada on tariffs. CBS News' Jo Ling Kent has more.
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
The U.S. tariff war with Canada and the European Union has opened a new front in the fight -- a battle over bourbon. Nicole Valdes reports that distillers in Tennessee are worried increased taxes on their international shipments could dry up their liquor sales.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
The stock market had a solid day on Monday as traders banked on hopes that there would be an ease in tariffs, but President Trump announced in the afternoon that more tariffs are on the horizon. CBS News business contributor Javier David reports.
The Justice Department has released records from the Epstein files, the first documents to come to light under a new law signed by President Trump.
The Brown University shooting suspect was found dead in a storage unit in New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
The airstrikes on ISIS targets are being conducted in response to the killing of two U.S. Army soldiers and an civilian contractor by a lone terrorist in Palmyra, Syria.
The Justice Department released thousands of new photos and records on Jeffrey Epstein on Friday, but at least 550 pages in the documents are fully redacted.
Cathy Grossu, the mother-in-law of retired NASCAR driver Greg Biffle, said she had seen the family a day before the fatal crash.
A federal judge ruled that Lindsey Halligan, the prosecutor who secured the indictments against them, was unlawfully appointed to her role as interim U.S. attorney.
The Justice Department has disclosed thousands of files and photos related to late sex offender Jeffrey Epstein, following years of pressure from lawmakers and abuse survivors.
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
Republican Rep. Elise Stefanik's decision to drop out came after President Trump signaled he would not make an endorsement in the race at this stage.
Former two-time heavyweight champion Anthony Joshua defeated YouTuber-turned-fighter Jake Paul by knockout in the sixth round of their much-anticipated bout at the Kaseya Center in Miami late Friday night.
The three men had escaped the jail by removing concrete blocks from an upper wall area, and then used sheets and other materials to scale an exterior wall.
The Justice Department released thousands of new photos and records on Jeffrey Epstein on Friday, but at least 550 pages in the documents are fully redacted.
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.
A bankruptcy judge blocked an attempt by a nursing home chain's primary investor to shield himself from settlement payments and liability in lawsuits over allegations of poor care.
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
Republican Rep. Elise Stefanik's decision to drop out came after President Trump signaled he would not make an endorsement in the race at this stage.
The Justice Department released thousands of new photos and records on Jeffrey Epstein on Friday, but at least 550 pages in the documents are fully redacted.
A federal judge ruled that Lindsey Halligan, the prosecutor who secured the indictments against them, was unlawfully appointed to her role as interim U.S. attorney.
The Justice Department has disclosed thousands of files and photos related to late sex offender Jeffrey Epstein, following years of pressure from lawmakers and abuse survivors.
The airstrikes on ISIS targets are being conducted in response to the killing of two U.S. Army soldiers and a civilian contractor by a lone terrorist in Palmyra, Syria.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
A memo from Dr. Vinay Prasad, the head of the FDA's Center for Biologics Evaluation and Research, may signal an effort to to rewrite the rules governing the U.S. vaccine system.
The proposals run counter to the recommendations of most major U.S. medical organizations.
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
The airstrikes on ISIS targets are being conducted in response to the killing of two U.S. Army soldiers and a civilian contractor by a lone terrorist in Palmyra, Syria.
Police said the suspect was declared dead at a hospital after jumping from the building's sixth floor, the Central News Agency reported.
Putin claims no "willingness from Ukraine" to negotiate a peace deal as he touts battlefield gains, and Kyiv claims a brazen strike on a ship far from Russia.
Australia will use a sweeping buyback scheme to "get guns off our streets," Prime Minister Anthony Albanese said Friday.
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
Kiefer Sutherland recalls Rob Reiner's reaction to filming Jack Nicholson's famous scene in "A Few Good Men."
Albert Brooks said he's still in shock over the death of his friend Rob Reiner, whom he met at 14 years old.
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
Jelly Roll had said a pardon would make it easier for him to travel internationally for concert tours and to perform Christian missionary work without requiring burdensome paperwork.
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
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.
People are starting to develop lasting connections with artificial technology. Melissa J. Perry, the dean of the College of Public Health at George Mason University, joins CBS News with more details.
TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News. Jo Ling Kent has more.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
The Justice Department on Friday released a batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Erica Brown and Katrina Kaufman report.
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
The manhunt for the suspect in Saturday's deadly shooting at Brown University is finally over. Police discovered 48-year-old Claudio Manuel Neves Valente dead in a New Hampshire storage unit on Thursday night. CBS News' Anna Schecter explains what led to the discovery.
The Department of Justice has released hundreds of thousands of files related to the criminal prosecutions of convicted sex offender Jeffrey Epstein. CBS News justice reporter Jake Rosen has more.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Visit a Uyghur restaurant in Southern California, where culture is shared and the food is made with love. Plus, a man who wanted to save his friends life by donating a kidney ends up saving his own life.
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
President Trump is holding a rally in North Carolina on Friday as he works to turn around public opinion on the economy. CBS News congressional correspondent Nikole Killion reports.
As you've no doubt heard, Santa Claus is coming to town. In fact, he's already been to Baltimore. Steve Hartman met him "On the Road."
President Trump announced new agreements on Friday with nine pharmaceutical companies aimed at making certain prescription drugs cheaper. CBS News reporter Karen Hua has the details.