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3 reasons tech stocks, once hot, are suddenly not
A tech selloff caused the Nasdaq and S&P 500 to have their worst days since 2022. Here's why tech stocks are fading.
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A tech selloff caused the Nasdaq and S&P 500 to have their worst days since 2022. Here's why tech stocks are fading.
Tesla has recalled the stainless steel-clad Cybertruck four times since it went on sale November 30.
The payout would be the biggest compensation package in U.S. corporate history. Is the billionaire and Tesla founder worth the money?
Tesla CEO Elon Musk could soon be getting a $56 billion payday with company shareholders set to vote on his compensation package Thursday. The investors could also approve a move of Tesla's legal headquarters from Delaware to Texas. Alan Ohnsman, a senior editor for Forbes, joined CBS News to discuss the meeting.
Tesla CEO Elon Musk says the electric vehicle company's shareholders are voting "by wide margins" to approve his multibillion-dollar pay package.
Seat belt reminders on four Tesla models may not work properly, requiring the electric automaker to issue software update.
Prominent proxy advisory firm Glass Lewis aired concerns about the "excessive size" of Musk's pay deal.
One ex-Tesla employee's post about the shock of losing his job amid a round of layoffs is sparking a workplace debate.
The National Highway Traffic Safety Administration is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road.
Tesla announced it will lay off nearly 2,700 workers at its factory in Austin a week after the company said it would cut more than 10% of its global workforce. The carmaker also said it plans to launch new, more affordable vehicles next year. That news boosted shares more than 10% in after-hours trading Wednesday.
Tesla reports slide in earnings and revenue, but investors cheered by pledge to accelerate rollout of cheaper vehicles.
Tesla reduced prices by $2,000 on three of its five models in the U.S. and also slashed prices in China and Germany.
The MY 2024 Cybertrucks have faulty accelerator pedals that may be dislodged when high force is applied, the company said.
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
Tesla is asking shareholders to vote again on a $56 billion pay package for CEO Elon Musk. This comes after the company announced layoffs that would impact its global workforce. Javier E. David, CBS News contributor Javier David has more.
"It must be done," Tesla CEO Elon Musk said in a memo about the layoffs sent to employees on Sunday.
Electric vehicle sales are down 7% so far this year in the U.S., as consumers say they want longer lasting batteries and more reliable charging networks. Elise Preston explores what the dip means.
Tesla has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Semi-automated driving systems that can help drive your car are not doing enough to ensure drivers are staying focused on the road, according to first-of-its-kind testing from the Insurance Institute for Highway Safety. Kris Van Cleave has details.
Amazon founder Jeff Bezos is once again the richest person on Earth, surpassing SpaceX and Tesla CEO Elon Musk, according to the Bloomberg Billionaires Index. CBS News' Nancy Cordes has more.
Jeff Bezos has regained his spot as the richest person in the world, barely beating out now former No. 1 Elon Musk on the Bloomberg Billionaires Index.
German officials say an electricity pylon near Tesla's Giga Berlin plant was likely deliberately set ablaze, and they suspect a "left-wing extremist motive."
The switch comes weeks after a Delaware judge invalidated his $55.8 billion Tesla pay package.
A SpaceX Falcon 9 rocket carrying a privately-built moon lander left the Earth's atmosphere early Thursday. If all goes well, it will land on the moon in one week, the first U.S. spacecraft to do so in over half a century. Christian Davenport, a reporter covering NASA and the space industry for the Washington Post's financial desk, joined CBS News to discuss the launch.
The FBI's statement came after its director testified that there was still "some question" about what grazed former President Donald Trump's right ear.
Paris kicked off its first Summer Olympics in a century with a rain-soaked opening ceremony studded with stars and fantasy along the Seine River.
A Cal Fire official said the blaze was spreading at a rate of 4,000 to 5,000 acres per hour.
Sean Grayson, the now-fired Illinois sheriff's deputy charged with killing 36-year-old Sonya Massey in her own home, had a disciplinary file that included accusations of bullying and abuse of power, records obtained by CBS News show.
Republican presidential nominee Donald Trump met with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago resort in Florida.
Former President Donald Trump says he is returning to Butler County for a rally after he survived an assassination attempt earlier this month.
One of El Chapo's sons duped Ismael "El Mayo" Zambada into boarding a plane on Thursday, telling him they were going to look at property in Mexico, a person familiar with the investigation confirmed to CBS News.
Celine Dion, nearly two years after revealing her stiff-person syndrome diagnosis, belted Edith Piaf's "Hymne à l'amour" as the finale of the four-hour opening ceremony.
Former FBI special agent Peter Strzok reached a $1.2 million settlement with DOJ over claims that it violated his privacy in releasing text messages with another former employee regarding Donald Trump.
Former FBI special agent Peter Strzok reached a $1.2 million settlement with DOJ over claims that it violated his privacy in releasing text messages with another former employee regarding Donald Trump.
The single-engine tanker was located in steep, forested terrain Friday morning after it went missing Thursday.
One of El Chapo's sons duped Ismael "El Mayo" Zambada into boarding a plane on Thursday, telling him they were going to look at property in Mexico, a person familiar with the investigation confirmed to CBS News.
Half of all U.S. states have at least one city where a relatively modest residence costs $1 million, according to a new analysis.
Sean Grayson, the now-fired Illinois sheriff's deputy charged with killing 36-year-old Sonya Massey in her own home, had a disciplinary file that included accusations of bullying and abuse of power, records obtained by CBS News show.
Half of all U.S. states have at least one city where a relatively modest residence costs $1 million, according to a new analysis.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
"Inside the NBA" host Charles Barkley is decrying the NBA's new broadcast pact, saying Warner Bros. Discovery's TNT "never had a chance."
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
Physical performances by actors are being treated as "data," said SAG-AFTRA Chief Contracts Officer Ray Rodriguez said at a news conference.
Former FBI special agent Peter Strzok reached a $1.2 million settlement with DOJ over claims that it violated his privacy in releasing text messages with another former employee regarding Donald Trump.
The FBI's statement came after its director testified that there was still "some question" about what grazed former President Donald Trump's right ear.
"People are focusing so much on the sarcasm and not on the substance of what I actually said," Vance said Friday.
Some Republican lawmakers have called Harris a "DEI hire," a reference to diversity, equity and inclusion efforts.
Republican presidential nominee Donald Trump met with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago resort in Florida.
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
There may be new hope against dementia after recent research that found the latest shingles vaccine appears to delay the onset of the memory-impairing condition.
The Olympic village beds are "rock solid," according to some athletes on social media. Oh, and there's no AC. A sleep expert explains how these conditions could impact performance.
Prompted by a near-drowning experience as a child, Olympic swimmer Cullen Jones is now a swim lesson advocate. Here are his top tips to stay safe.
COVID is spiking across the country, but why? CBS News medical contributor Dr. Céline Gounder explains why July is seeing increased cases.
Celine Dion, nearly two years after revealing her stiff-person syndrome diagnosis, belted Edith Piaf's "Hymne à l'amour" as the finale of the four-hour opening ceremony.
One of El Chapo's sons duped Ismael "El Mayo" Zambada into boarding a plane on Thursday, telling him they were going to look at property in Mexico, a person familiar with the investigation confirmed to CBS News.
Viewers can see each country's 2024 Olympic outfits during the Paris Games opening ceremony.
Athletes from Russia and Belarus have been banned from competing as countries in the 2024 Paris Olympics. Instead, their athletes will compete as neutral individuals, referred to as "AIN."
The ambitious opening ceremony of the Summer Games kicked off with a giant plume of blue, white and red smoke in the colors of the French national flag with the 2024 Parade of Nations from the Austerlitz Bridge.
In a statement provided to CBS New York, Justin Timberlake's attorney claimed police made "a number of very significant errors in this case" and "we are confident that this charge will be dismissed."
Physical performances by actors are being treated as "data," said SAG-AFTRA Chief Contracts Officer Ray Rodriguez said at a news conference.
"Mr. Vance, I pray that your daughter is fortunate enough to bear children of her own one day," Jennifer Aniston said.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
Displaying not a shred of anxiety, Pixar's "Inside Out 2" has rung up $1.4 billion at the box office since its June release.
One week after the global computer outage, Windows systems are nearly fully operational, according to CrowdStrike.
Rep. Jennifer Wexton of Virginia delivered what is believed to be the first speech ever from the House floor using artificial intelligence voice technology. Wexton was diagnosed last year with a rare neurological disorder that robbed her of her ability to speak clearly.
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.
Social media giant Meta is issuing a warning over the increasing number of sextortion scams where fake profiles are used to get people to send nude photographs and then threaten to release them unless victims pay up. On Wednesday, Meta said it has removed 6,300 Instagram accounts of scammers in Nigeria who frequently target adult men in the U.S.
A tech selloff caused the Nasdaq and S&P 500 to have their worst days since 2022. Here's why tech stocks are fading.
In Canada, a fast-moving fire has ravaged the resort town of Jasper, Alberta. In Northern California, fires have burned 164,000 acres of land. CBS News Sacramento reporter Kayla Moeller joins from Chico, California, with more on the wildfires.
Scientists say a common painkiller used on cattle wiped out India's vultures, resulting in half a million human deaths in just 5 years.
Wildfires are spreading across the western U.S. and Canada. In Northern California, the Park Fire has burned over 71,000 acres, and officials have arrested a 42-year-old man on suspicion of arson for starting the fire. CBS News national correspondent Jonathan Vigliotti has the latest.
The discovery includes "thousands of marble slabs" in "hundreds of different shapes" found in a submerged ancient city.
Multiple wildfires on the West Coast and in Canada have forced thousands of people to evacuate. Crews are fighting flames in California, Oregon, Utah and Idaho. CBS News national correspondent Jonathan Vigliotti reports.
CBS News has learned that the sheriff's deputy charged with murder in the shooting of Sonya Massey worked for six different law enforcement agencies in four years. He was also discharged from the Army in 2016 for misconduct after receiving a DUI. Roxana Saberi reports.
Two leaders of the notorious Sinaloa cartel, including one of the sons of the imprisoned drug lord "El Chapo," Joaquín Guzmán López, were apprehended Thursday in Texas. Ismael "El Mayo" Zambada, a cofounder of Sinaloa, was lured to Texas by López, according to sources. Manuel Bojorquez has details.
The FBI arrested the leader of Mexico's notorious Sinaloa cartel and a son of Joaquin "El Chapo" Guzman near El Paso on Thursday. CBS News national correspondent Manuel Bojorquez is in Irving, Texas, with more details.
An autopsy report released Friday confirms Sonya Massey, the Illinois woman who was fatally shot inside her home earlier this month by a sheriff's deputy, died from a gunshot wound to the head. CBS News correspondent Roxana Saberi has the latest from Chicago.
One of El Chapo's sons duped Ismael "El Mayo" Zambada into boarding a plane on Thursday, telling him they were going to look at property in Mexico, a person familiar with the investigation confirmed to CBS News.
Engineers say they're still troubleshooting issues discovered aboard the Boeing Starliner spacecraft that took NASA astronauts Butch Wilmore and Suni Williams into space. They were originally supposed to spend eight days aboard the International Space Station. They've now been up there for almost eight weeks.
NASA and Boeing managers are increasingly confident the Starliner capsule is good to go for re-entry and landing.
The Chandra X-ray observatory was launched on July 23, 1999.
The cosmos is providing a full moon for the 55th anniversary of the first lunar landing this weekend, and plenty of other events honor Neil Armstrong and Buzz Aldrin's giant leap.
This weekend marks 55 years since the historic Apollo 11 moon landing. Retired NASA astronaut Leroy Chiao joins CBS News to look back on the small step for man and giant leap for mankind.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
During a 2019 classical music concert at Symphony Hall in Boston, a 9-year-old boy shouted "wow" at the conclusion of Mozart's Masonic Funeral Music. Five years later, his response still resonates. Steve Hartman has more.
Hours before the opening ceremony of the Paris Olympics, France's train network was hit by several coordinated arson attacks, causing widespread disruption. Officials said fires were set at critical spots in an attempt to cut off routes into Paris. Jamie Yuccas reports.
In an interview with CBS News' Major Garrett, independent presidential candidate Robert F. Kennedy Jr. claimed that President Biden "tarred" his "reputation and that career over the past year by refusing to let go of power." He also addressed his meeting with former President Donald Trump at the Republican National Convention.
CBS News has learned that the sheriff's deputy charged with murder in the shooting of Sonya Massey worked for six different law enforcement agencies in four years. He was also discharged from the Army in 2016 for misconduct after receiving a DUI. Roxana Saberi reports.
Two leaders of the notorious Sinaloa cartel, including one of the sons of the imprisoned drug lord "El Chapo," Joaquín Guzmán López, were apprehended Thursday in Texas. Ismael "El Mayo" Zambada, a cofounder of Sinaloa, was lured to Texas by López, according to sources. Manuel Bojorquez has details.