Air is rushing out of the post-election stock bubble
Fear of gridlock in Washington is eroding the ebullient sentiment that Wall Street has floated on since November
Tax Reform
Wall Street’s worst day since before Trump’s election
The Dow industrials and S&P 500 sell off by more than 1 percent for the first time in 110 trading sessions
Girding for a serious tax battle, retailers turn to funny ads
The National Retail Federation will air its “Saturday Night Live”-like infomercial parody about the GOP's border tax on...SNL
What Trump can learn from Reagan on tax reform
The president's 2016 overhaul faces huge obstacles – so looking at how his predecessor did it in 1986 might help
Why federal debt may have to explode before it shrinks
Trump's budget and tax strategy will likely cause the deficit to spike, but that may be the only way to get growth to climb
Wall Street wonders: Can Trump deliver the goods?
As the president prepares to address Congress on his plans, investing pros worry that his ambitious plans may bog down
Wall Street's 2017 is starting to echo 1987
For many of the same reasons, the Dow has now matched that year's best-ever run -- which ended in a market crash
Report: Treasury secretary eyes "ambitious timeline" for tax reform
Mnuchin admitted that it's an ambitious timeline and it could slip to later in the year
5 things that could stymie stocks' steady rise
Wall Street's relentless surge has the Dow nearing 21,000, but investors may be ignoring these undermining forces
Trump begins his second month in White House with major items on his plate
The administration is trying to make progress on healthcare and tax reform as Trump tries to move past controversies the dominated his first month
How would a "border adjustment tax" affect Americans?
This part of the GOP's massive corporate tax reform strategy could mean higher prices for consumers
Some Republicans hesitant to repeal Obamacare without replacement
Meanwhile, Senate Democrats stage late night talk-a-thon to condemn GOP rush to repeal health-care law
Trump's high-powered CEO council draws scrutiny
Among the power players advising the president-elect are chiefs of companies that hoard billions in corporate cash overseas
Speaker Ryan wants "leaner, meaner" tax code
House Speaker Paul Ryan says tax reform is the way to grow the economy
For some in middle class, Trump plan would hike taxes
Analysis of Trump's tax ideas shows most middle-class families would see modest cut -- but nearly 8 million would pay more
If Clinton wins, consider these tax moves before year-end
Given the changes the Democrat front-runner is proposing, your tax planning may need some shifting after Nov. 8
Commentary: Trump's tax dodge -- what's fair got to do with it?
For economists, Donald Trump's $916 million tax write-off offers a prime example of how hard it is to measure tax fairness
Comparison: Trump vs. Clinton on the economy
The two presidential candidates have offered competing proposals to create jobs and grow the economy - how do their plans stack up?
Marco Rubio defends tax reform proposals
Critics worry Rubio's ambitious tax plans would explode the federal deficit, but the GOP candidate says otherwise
How will Donald Trump pay for his economic proposals?
GOP candidate tells "Face the Nation" the key to paying for his ambitious agenda, including his tax reform plans, is economic growth
Exclusive
U.S. moving to indict Cuba's Raúl Castro, sources say
The potential indictment — which must be approved by a grand jury — is expected to focus on Cuba's 1996 downing of two planes operated by a humanitarian group.
Trump wraps up visit to China after talks on trade, stern words on Taiwan
President Trump and Chinese President Xi Jinping conclude their summit in Beijing on Friday as both countries look to claim the visit as a win.
Live
Seized ship taken toward Iran as Trump and Xi agree on Strait of Hormuz
A ship was taken by unknown parties toward Iranian waters after an Indian-flagged vessel was attacked off Oman.
Exclusive
Will Trump ask Putin to bring these Americans home?
Anastasia Antonov believes that her father, Aleksandr, was arrested by the Russian government last year because he is an American citizen. Now, she is appealing to President Trump to push Vladimir Putin's government to free her father.
CIA Director Ratcliffe makes rare trip to Cuba as island faces energy crisis
The meeting came as Cuba is contending with a massive power failure to its national energy grid amid U.S. sanctions that have caused an oil and gas shortage crisis.
Supreme Court upholds mail access to abortion pill mifepristone for now
The Supreme Court has maintained mail access to the abortion pill mifepristone, setting aside for now a lower court order that blocked abortion providers from prescribing the widely used drug through telehealth and shipping it to patients.
Trucking broker can face lawsuit over fatal crash, Supreme Court rules
A CBS News investigation showed the broker had worked with dangerous "chameleon carriers," thousands of which evade federal safety enforcement by reincarnating under new names.
Bipartisan bill aims to help civilians exposed to toxic burn pits
A bipartisan group of lawmakers unveiled a bill to help civilians, including law enforcement agents, receive workers' compensation for illnesses like cancer that are often associated with toxic exposure to burn pits.
Netanyahu says Israel will sue The New York Times
Israeli Prime Minister Benjamin Netanyahu's government plans to file a defamation lawsuit against The New York Times.
U.S.
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Trump wraps up visit to China after talks on trade, stern words on Taiwan
President Trump and Chinese President Xi Jinping conclude their summit in Beijing on Friday as both countries look to claim the visit as a win.
American passenger from hantavirus-hit cruise ship on life in quarantine
The number of people being monitored for hantavirus in the United States has grown to 41, the Centers for Disease Control and Prevention said Thursday.
A Chinese community in New York City reacts to the Trump-Xi Beijing summit
There has been palpable excitement about President Trump's state visit to China in the Queens neighborhood of Flushing, home to one of the largest Asian populations in the U.S.
Supreme Court upholds mail access to abortion pill mifepristone for now
The Supreme Court has maintained mail access to the abortion pill mifepristone, setting aside for now a lower court order that blocked abortion providers from prescribing the widely used drug through telehealth and shipping it to patients.
Trucking broker can face lawsuit over fatal crash, Supreme Court rules
A CBS News investigation showed the broker had worked with dangerous "chameleon carriers," thousands of which evade federal safety enforcement by reincarnating under new names.
MoneyWatch
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Trump Mobile says its T1 mobile phone to ship this week
Trump Mobile's $499 gold-toned phone has faced delays since it was unveiled in June 2025.
Why are so many U.S. CEOs in China with Trump, and what do they want?
More than a dozen American CEOs are accompanying President Trump on his trip to China. That's not unusual.
Jury awards $49.5 million to Boeing 737 MAX crash victim's family
A jury in Chicago awarded $49.5 million in damages Wednesday to the family of a 24-year-old American who perished in a 2019 Boeing 737 MAX crash.
Rare blue-green diamond sells for record price at auction
The 5.5-carat "Ocean Dream" diamond was found in Central Africa in the 1990s.
Workers are getting paid to teach AI how to do their jobs
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
Politics
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Trump wraps up visit to China after talks on trade, stern words on Taiwan
President Trump and Chinese President Xi Jinping conclude their summit in Beijing on Friday as both countries look to claim the visit as a win.
CIA Director John Ratcliffe makes rare trip to Cuba as island faces energy crisis
The meeting came as Cuba is contending with a massive power failure to its national energy grid amid U.S. sanctions that have caused an oil and gas shortage crisis.
Exclusive
U.S. moving to indict Cuba's Raúl Castro, sources say
The potential indictment — which must be approved by a grand jury — is expected to focus on Cuba's 1996 downing of two planes operated by a humanitarian group.
Bipartisan bill aims to help civilians exposed to toxic burn pits
A bipartisan group of lawmakers unveiled a bill to help civilians, including law enforcement agents, receive workers' compensation for illnesses like cancer that are often associated with toxic exposure to burn pits.
A Chinese community in New York City reacts to the Trump-Xi Beijing summit
There has been palpable excitement about President Trump's state visit to China in the Queens neighborhood of Flushing, home to one of the largest Asian populations in the U.S.
HealthWatch
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HealthWatch
Teens help save man having a heart attack
Three South Florida teenagers helped a 65-year-old having a heart attack. Matt Gutman has the story.
Cruise ship passenger on quarantine experience
Jake Rosmarin, a travel influencer who was on the M/V Hondius as it suffered a hantavirus outbreak, is one of 16 Americans quarantining at the University of Nebraska Medical Center. Rosmarin spoke with CBS News about how a five-week trip is now stretching into 12 weeks away from home.
Sponsored
Activities that challenge your mind may help maintain brain health
Challenging your mind, through games and learning new skills, may help reduce your risk of dementia, according to the Alzheimer's Association. (Sponsored by the Alzheimer's Association.)
Trump demands Medicaid data for deportation. Some states go further.
Several states have required their health agencies to take on another job: verifying immigration status among Medicaid recipients and reporting them to the U.S. Department of Homeland Security.
No Americans showing hantavirus symptoms
Jake Rosmarin is one of the 16 Americans at the University of Nebraska Medical Center being monitored for signs of hantavirus. Ian Lee spoke with him and has more details.
World
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Trump wraps up visit to China after talks on trade, stern words on Taiwan
President Trump and Chinese President Xi Jinping conclude their summit in Beijing on Friday as both countries look to claim the visit as a win.
CIA Director John Ratcliffe makes rare trip to Cuba as island faces energy crisis
The meeting came as Cuba is contending with a massive power failure to its national energy grid amid U.S. sanctions that have caused an oil and gas shortage crisis.
Exclusive
U.S. moving to indict Cuba's Raúl Castro, sources say
The potential indictment — which must be approved by a grand jury — is expected to focus on Cuba's 1996 downing of two planes operated by a humanitarian group.
Bipartisan bill aims to help civilians exposed to toxic burn pits
A bipartisan group of lawmakers unveiled a bill to help civilians, including law enforcement agents, receive workers' compensation for illnesses like cancer that are often associated with toxic exposure to burn pits.
A Chinese community in New York City reacts to the Trump-Xi Beijing summit
There has been palpable excitement about President Trump's state visit to China in the Queens neighborhood of Flushing, home to one of the largest Asian populations in the U.S.
Entertainment
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Entertainment
From the archives: Outspoken film critic Rex Reed
Film critic Rex Reed, whose clever and barbed opinions about movies – and movie stars – made him a fixture for decades in print and on television, died on May 12, 2026 at age 87. In this Feb. 4, 2018 "Sunday Morning" profile, Reed talked with Mo Rocca about how he came to live the life of an A-Lister himself. He also dispensed his unvarnished opinions about that year's best picture Oscar-nominees.
"Survivor" contestants on double elimination
(Spoilers ahead) "CBS Mornings" reveals the castaways voted off during Wednesday's episode of "Survivor 50" in another double elimination. They discuss being part of the franchise and their legacies in the game.
National Recording Registry adds Taylor Swift, Beyoncé, Ray Charles, more
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
Troubling trend for touring musicians
Major musicians from Post Malone to Meghan Trainor have recently struggled to sell out stadiums and arenas for their tours. It's a troubling trend being called "blue dot fever" and has led to entertainers canceling some or all of their shows. Ash-har Quraishi reports.
Geena Davis talks new series "The Boroughs"
Actor Geena Davis talks about starring in the new series "The Boroughs," if there are parallels between herself and the character she plays, and why she's drawn to supernatural projects. She also addresses representation in the entertainment industry.
Technology
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Technology
How the Trump-Xi summit could impact AI race
President Trump's visit to Beijing comes as the U.S. and China compete for artificial intelligence supremacy. Matt Sheehan, senior fellow at the Carnegie Endowment for International Peace, joins with analysis.
Closing arguments held in OpenAI case
Lawyers presented closing arguments Thursday in the OpenAI trial pitting Elon Musk against its CEO, Sam Altman. CBS News legal contributor Jessica Levinson has more.
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.
Trump Mobile says its T1 mobile phone to ship this week
Trump Mobile's $499 gold-toned phone has faced delays since it was unveiled in June 2025.
Workers are getting paid to teach AI how to do their jobs
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
Science
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NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Crime
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Former death row inmate granted bond after nearly being executed 3 times
An Oklahoma judge granted bond to former death row inmate Richard Glossip on Thursday, laying the groundwork for his first release from prison since 1997.
Software CEO convicted for running $1 billion Medicare fraud scheme
Brett Blackman was convicted on charges including healthcare and Medicare fraud, and faces decades in prison.
Huge twist in Alex Murdaugh case
Alex Murdaugh, the former South Carolina lawyer who was convicted of murder, will get a new trial and have his convictions overturned, the state's Supreme Court ruled Wednesday. CBS News' Eva Pilgrim reports.
Feds arrest tourist accused of hurling rock at endangered seal's head
The tourist sparked outrage after a witness recorded him chucking a coconut-sized rock at "Lani," a beloved Hawaiian monk seal off a Maui beach.
Videos show shots fired in Philippine Senate
Warning: Distressing video. Authorities in the Philippines tried to arrest a senator on Wednesday, resulting in a burst of gunfire in the Philippine Senate, according to an Associated Press journalist and other witnesses.
Space
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NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
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
5/16: The Uplift
David Begnaud meets a man who has attended the Kentucky Derby for 79 years in a row – and his dying wish to make it there one last time.
NYPD investigating swastika flag on NYU campus
The New York City Police Department is investigating after a swastika flag was raised over a New York University building during graduation week. CBS News' Jared Ochacher has more.
Sources: U.S. moving to indict Raúl Castro
The U.S. is preparing to indict former Cuban leader Raúl Castro over the 1996 downing of an exile group's planes, sources tell CBS News. The news comes as CIA Director John Ratcliffe met with Cuban officials in Havana.
U.S.-China summit highlights bigger picture
In Taiwan, Tony Dokoupil spoke with people on the streets who spoke against China's government and communism, not against the people.
Americans increasingly rely on food pantries
Families are flooding back to food pantries across the country as prices are rising faster than paychecks for the first time in three years. Jason Allen reports.