Here's what Trump's tariff barrage could mean for your 401(k) plan
The stock market has swung wildly since President Trump placed 25% tariffs on Canada and Mexico. Here's what to know about your 401(k).
Tariffs
Trump calls with American automakers
President Trump spoke to the leaders of Stellantis, Ford and General Motors as his tariffs on Canada, Mexico and China took effect. The stock prices for the American automakers fell after Mr. Trump's tariffs rolled out. CBS News' Olivia Rinaldi reports.
Trump message, tone in Congress address
President Trump touted his accomplishments during his past six weeks in office for his address to Congress. this comes as markets react to his tariff moves. CBS News' Olivia Rinaldi reports.
China threatens war on tariffs
The Trump administration may be weighing adjustments to the president's tariffs on products affecting particular industries. This comes as China issues a stern warning on social media about waging war. CBS MoneyWatch correspondent Kelly O'Grady reports.
Chinese delegates avoid questions as they gather amid Trump's trade war
China's assembled delegates don't care to discuss President Trump's escalating trade war, but the underlying message from Beijing is one of confidence.
Chinese leaders on Trump tariffs
China has vowed to retaliate against President Trump's new tariffs. While lawmakers at an annual meeting of China's legislature did not answer questions regarding the tariffs, one of China's leaders did acknowledge geopolitical tensions, a reference to the escalating trade war. CBS News' Anna Coren has more.
Trump: A "little disturbance" in markets ok
The S&P lost all post-Election Day gains as stocks tumbled for a second day Tuesday amid President Trump's trade war. Mr. Trump addressed the market and detailed his plan for tax cuts during his remarks to Congress. CBS News contributor and Dallas Morning News business editor Javier David has more.
Trump's tariffs draw vows of retaliation from Canada, China and Mexico
As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."
Trump outlines his economic plans to Congress
In his address to Congress on Tuesday night, President Trump outlined his vision for reducing inflation and boosting the American economy. The president made his case for tariffs on U.S. allies, expanding oil drilling, shrinking the federal workforce and more.
Breaking down possible impacts of Trump tariffs
A brewing trade war is bound to have a ripple effect beyond just the stock market. Kelly O'Grady explains.
Byron Donalds defends Trump tariffs on allies
President Trump's sweeping tariffs on Canada, Mexico and China went into effect Tuesday hours before his address to a joint session of Congress. Republican Rep. Byron Donalds of Florida joins CBS News to discuss.
Lutnick: Trump could reduce tariffs soon
Ahead of President Trump's address to Congress on Tuesday night, the stock market took a dive for the second day in a row, largely due to Mr. Trump's sweeping tariffs on Canada, Mexico and China. However, after the markets closed, Commerce Secretary Howard Lutnick said the president could reduce the levies on Canada and Mexico as soon as Wednesday. CBS News' Weijia Jiang and Nikole Killion have more.
Trump voters optimistic about economy's direction
The economy helped put President Trump back in the White House, and it will be a pillar of his speech to Congress. He is expected to talk about lowering prices for Americans, even as his tariffs threaten to raise them. Caitlin Huey-Burns went to York, Pennsylvania, to see how residents are rating Trump's handling of the economy so far. Then, Kelly O'Grady explains when Americans might start to feel the effects of Trump's tariffs.
How Canada tariffs will impact businesses
The U.S.'s trade partnership with Canada has long been a key driving force for several border states' economies. Canada imposed a retaliatory tariff on U.S. goods on Tuesday. CBS News national correspondent Lana Zak reports. Asa McKercher, the Hudson Chair of Canada-U.S. relations at St. Francis Xavier University, joins "The Daily Report" to discuss the impact.
What Americans want Trump's speech to discuss
President Trump is expected to lay out his legislative priorities during his address to Congress tonight. CBS News polling has some insights on what Americans want to see from lawmakers. CBS News executive director of elections and surveys Anthony Salvanto has more.
Trump to "tell it like it is" in Congress speech
In a social media post, President Trump says he will "tell it like it is" in Tuesday's address to Congress. CBS News' Ed O'Keefe and Fin Gómez, and political strategists Chuck Rocha and Matt Gorman, join to discuss what to expect from Trump's speech.
Will Trump's tariffs increase inflation?
Canada slapped a 25% retaliatory tariff on $155 billion worth of American goods on Tuesday after the Trump administration implemented its own 25% tariffs on nearly all imports from Mexico and Canada. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the impact.
Trump's congressional address goals
Six weeks into his second term, President Trump will address a joint session of Congress on Tuesday. From tariffs to DOGE cuts to an immigration crackdown, the president's agenda is already making waves at home and overseas. Sen. Elissa Slotkin is slated to deliver the Democratic response. CBS News' Nancy Cordes and Nikole Killion report on what to expect.
What voters want from Trump's Congress address
A new CBS News poll examines what Americans want to hear President Trump discuss in his address to Congress on Tuesday night. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
U.S. tariffs on Mexico and Canada take effect and levies on China raised
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
Trump to focus on tariffs in Congress address
President Trump will speak to both chambers of Congress on Tuesday night and describe his vision for the future hours after sweeping tariffs went into effect against the U.S.' three largest trading partners. CBS News' Caitlin Huey-Burns and Weijia Jiang report. Then, NOTUS reporters Jasmine Wright and Daniella Diaz join with analysis.
Trump tariffs could impact 401(k) plans
President Trump's tariffs on Mexico, Canada and China are impacting the stock market and could make a dent in American retirement funds. Eric Diton, the president and managing director of The Wealth Alliance, joins CBS News with more.
How will Trump address rising prices?
President Trump's tariffs on goods from Canada, Mexico and China are bound to increase prices for Americans. CBS News' Weijia Jiang reports as Mr. Trump prepares to address both chambers of Congress.
How will Trump justify his tariffs?
President Trump is set to address both chambers of Congress as his tariffs spook investors and drive down stocks. CBS MoneyWatch correspondent Kelly O'Grady reports.
Did Trump start a trade war?
President Trump imposed tariffs on Mexico, Canada and China and retaliatory tariffs from those countries are now possible. Paul R. La Monica, a senior markets analysis writer for Barron's, joins CBS News with more on the trade war.
Live
Iran fires missile at Kuwait after second round of U.S. strikes in days
Iran says it targeted a U.S. base in retaliation for the second set of what the Pentagon calls "purely defensive" strikes carried out this week.
Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
Exclusive
Trump visited soldiers at Walter Reed, but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News, another challenge to a shaky ceasefire.
Ex-CIA official arrested after $40M in gold bars allegedly found at his home
A former CIA official was arrested after FBI agents allegedly found $40 million worth of gold bars at his home while investigating whether he lied about his background.
2 dead, 9 workers "unrecovered" after Washington chemical tank implosion
The damaged tank at Nippon Dynawave Packaging Co. held approximately 900,000 gallons of white liquor, a chemical used in paper processing, authorities said.
DOJ investigating whether Trump accuser E. Jean Carroll committed perjury
The Justice Department is conducting a criminal investigation into whether author E. Jean Carroll committed perjury in connection with her civil lawsuits against President Trump, sources familiar with the matter said.
Fire at girls' school in Kenya kills at least 16 students, injures scores more
A fire at a school for girls in central Kenya has caused an unknown number of deaths, according to police, who said search teams have been deployed.
U.S.
More U.S.
First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
American climber breaks Everest speed record, his team says
Tyler Andrews, 36, climbed the 29,032-foot peak in just 9 hours and 55 minutes, smashing the record of 10 hours and 56 minutes, his team said.
DOJ investigating whether Trump accuser E. Jean Carroll committed perjury
The Justice Department is conducting a criminal investigation into whether author E. Jean Carroll committed perjury in connection with her civil lawsuits against President Trump, sources familiar with the matter said.
Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
New York City man sentenced to 10 years in plot to kill Iranian American writer
A federal judge has given a onetime truck and bus driver charged in an assassination plot against an Iranian American writer a 10-year prison sentence.
MoneyWatch
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First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
3M sued for $1.4 billion by Australia over "forever chemicals" at defense bases
Australia is suing 3M for more than 2 billion Australian dollars ($1.4 billion) over so-called "forever chemical" contamination from firefighting foam at defense bases, the government says.
Google employee accused of making over $1.2M by insider trading on Polymarket
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits.
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
Stocks are rallying despite the Iran war and stubborn inflation. Here's why.
The S&P 500 hit a new record on Wednesday, even as soaring gas prices fuel inflation and consumer confidence sinks.
Politics
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DOJ investigating whether Trump accuser E. Jean Carroll committed perjury
The Justice Department is conducting a criminal investigation into whether author E. Jean Carroll committed perjury in connection with her civil lawsuits against President Trump, sources familiar with the matter said.
Google employee accused of making over $1.2M by insider trading on Polymarket
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits.
Ex-CIA official arrested after $40M in gold bars allegedly found at his home
A former CIA official was arrested after FBI agents allegedly found $40 million worth of gold bars at his home while investigating whether he lied about his background.
Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
HealthWatch
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HealthWatch
Rubio: No more Ebola patients allowed in U.S.
The Trump administration announced plans to set up an Ebola quarantine and treatment center in Kenya for Americans exposed to the deadly virus overseas. Secretary of State Marco Rubio is now saying no Ebola patients will be allowed into the U.S. Mark Strassmann reports.
Americans speak on health insurance costs
In the 1800s, Hartford, Connecticut, picked up the nickname, "The Insurance Capital of the World." Tony Dokoupil visits the city to ask people about rising insurance and healthcare costs.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Sponsored
TV host Ty Pennington on bronchiectasis
HGTV host and designer Ty Pennington opens up about his mother's yearslong battle with bronchiectasis, a chronic lung condition that often goes undiagnosed, and shares tips for caregivers on creating a calm environment. (Sponsored by Insmed)
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
World
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Legendary mafia leader's "vast fortune" seized by police
Italy said it was seizing $232 million in assets belonging to the late Mafia boss Matteo Messina Denaro, who was captured after 30 years on the run.
3M sued for $1.4 billion by Australia over "forever chemicals" at defense bases
Australia is suing 3M for more than 2 billion Australian dollars ($1.4 billion) over so-called "forever chemical" contamination from firefighting foam at defense bases, the government says.
Live
Iran fires missile at Kuwait after second round of U.S. strikes in days
Iran says it targeted a U.S. base in retaliation for the second set of what the Pentagon calls "purely defensive" strikes carried out this week.
Another alleged drug boat struck by U.S. military in eastern Pacific, killing 2
The U.S. military said it struck another vessel suspected of transporting drugs in the eastern Pacific Ocean, killing two men, the day after it said a similar strike killed one man and left two survivors.
Fire at girls' school in Kenya kills at least 16 students, injures scores more
A fire at a school for girls in central Kenya has caused an unknown number of deaths, according to police, who said search teams have been deployed.
Entertainment
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Entertainment
Extended: Former reality TV star Judd Winick
Judd Winick talks to CBS Mornings' Vladimir Duthiers about appearing on MTV's "The Real World: San Francisco" in 1994, the audition process for the reality TV series and more.
Extended: "RHONY" star Dorinda Medley
Dorina Medley, who appeared in the "Real Housewives of New York City" for six seasons, talks to CBS Mornings' Vladimir Duthiers about her decision to join the Bravo series, why she has no regrets and what draws people to reality TV.
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Technology
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Technology
YouTube revamping its AI labeling system
YouTube unveiled a new AI labeling system on Wednesday, aiming to make it easier for viewers to distinguish between real and AI content. CNET editor-at-large Scott Stein joins CBS News to break down the change.
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
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.
Study evaluates AI's accuracy on news
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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Legendary mafia leader's "vast fortune" seized by police
Italy said it was seizing $232 million in assets belonging to the late Mafia boss Matteo Messina Denaro, who was captured after 30 years on the run.
Teen charged in cruise killing to remain free for now
Timothy Hudson, the 16-year-old charged with sexually assaulting and killing his 18-year-old stepsister, Anna Kepner, will remain free for now while a judge considers arguments following a hearing Wednesday. CBS News' Katrina Kaufman has the latest updates.
New evidence in Bahamas disappearance
New forensic evidence appears to contradict Brian Hooker's account of where he says he was the night his wife Lynette went missing in the Bahamas. Cristian Benavides has the details.
Matthew Perry's assistant sentenced
"Friends" star Matthew Perry drowned in his hot tub in 2023 under the effects of ketamine. The 54-year-old's longtime personal assistant, who gave him the fatal injection, pleaded guilty to conspiracy and was sentenced to over three years in prison.
Clues in the Lynette Hooker investigation
An infrared camera mounted on the sailboat used by Brian and Lynette Hooker in the Bahamas could contain clues about her disappearance, CBS News has learned. Cristian Benavides has more.
Space
More Space
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
Jill Biden on Joe Biden's 2024 debate
In an exclusive interview with CBS Sunday Morning, former first lady Jill Biden said she thought her husband Joe Biden was having a stroke during his campaign-ending 2024 presidential debate against Donald Trump. Weijia Jiang has more.
Chemical tank implosion aftermath video
9 people remain "unrecovered" after a deadly chemical tank implosion in Washington, officials say. CBS News' Carter Evans reports.
9 "unrecovered" after chemical tank implosion
Nine people remain "unrecovered" after a chemical tank imploded in Washington, officials say. Two deaths have been confirmed and several people were injured. Carter Evans reports.
DOJ investigating E. Jean Carroll
The Justice Department is investigating author E. Jean Carroll, who sued President Trump in civil court for sexual assault and defamation, alleging she committed perjury in her suits. Jericka Duncan reports.
Iran claims attack after U.S. strikes
The U.S. confirmed new "self-defense strikes" against Iranian drone operations and said Kuwait intercepted an Iranian missile. Imtiaz Tyab reports.