Stocks jump as Iran says Strait is open
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O'Grady breaks it all down.
Wall Street
Stock market spikes amid optimism for war's end
Stocks on Wall Street rose to new heights on Thursday, adding to the record gains seen on Wednesday. It came as investors expressed optimism that a resolution to the war with Iran could be reached quickly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Stocks rally after ceasefire announcement
Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Investors banking on Trump backing off threats
The Dow surged more than 1,000 points on Wednesday after President Trump backed off his threat to attack Iran and agreed to a two-week ceasefire. Robert Armstrong, U.S. financial commentator for the Financial Times, previously coined the phrase "TACO trade," with TACO standing for "Trump always chickens out," to encapsulate how investors buy low and sell high as markets react to the president's threats and eventual lack of action. Armstrong joined CBS News to discuss.
Stocks tumble for fifth week amid war
Stocks tumbled on Friday amid the uncertainty in Iran, marking the fifth consecutive week of declines. It's the longest stretch of weekly losses in nearly four years. CBS News business contributor Javier David has more.
Former Goldman Sachs CEO Lloyd Blankfein talks Wall Street crises
In his new memoir, "Streetwise," the former CEO of Goldman Sachs writes about a life that stretched from the projects of New York City to the pinnacle of Wall Street.
Oil and jobs report drive Wall Street volatility
Oil and gas prices are going up, and stock values are coming down as the war with Iran reaches nearly one week. Meanwhile, the U.S. job market lost 92,000 jobs in February, marking an unexpected setback for the economy. Kelly O'Grady has analysis.
Dow Jones plummets amid Iran war concerns
The Dow Jones closed on Thursday down nearly 800 points as surging oil prices stoke investor fears about the economic impact of the war with Iran. CBS News' Kelly O'Grady has more on what was driving the market.
Stocks slump as inflation, AI worries rattle investors
Stocks fell Friday after a report showed higher-than-expected inflation and as Wall Street continues to fret over AI-related disruption.
How will AI transform the workforce?
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Gold and silver prices are slumping after their meteoric rise. Here's why.
Several factors are weighing on the value of gold and silver after the precious metals ascended to record highs last week.
U.S. stocks sink amid Trump's tariff threats
President Trump's Greenland demands have already had a negative impact on the economy in the U.S. On Tuesday, all three major U.S. stock indexes dropped over the threat of new tariffs. CBS News business analyst Jill Schlesinger explains what to know.
Stocks rally after Christmas holiday
The "Santa Claus rally" that is occurring in the stock market after the holidays is setting up an optimistic view among investors as 2026 begins. Phil Luck, a director at the Center for Strategic and International Studies, joins CBS News to explain.
Stock market edges higher amid tech gains and hopes of Fed Rate cut
Investors are now forecasting that the Federal Reserve will cut interest rates at its next meeting, scheduled for Dec. 10.
Here's what experts say is behind bitcoin's $800 billion drop
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
Concerns about AI companies drive sell-off
All three major market indexes continued a fourth day of sell-offs on Tuesday over concerns about artificial intelligence-related stocks. Paul La Monica, senior markets analysis writer at Barron's, joins "The Daily Report" to break it down.
Stocks sink amid AI bubble concerns
The Dow Jones Industrial Average ended another day in the red on Tuesday, down nearly 500 points. A tech stock slump drove the losses, fueled by growing fears of an AI bubble. Brody Ford, Bloomberg technology reporter, breaks it down.
The similarities between today's market and Wall Street before 1929 crash
DealBook founder and Squawk Box co-host Andrew Ross Sorkin takes a look at the crash of 1929 in his new book. He tells 60 Minutes what may it may indicate about today's stock market.
Andrew Ross Sorkin sees worrying signs in market after months of ups
Stocks on Wall Street have rallied in recent months, but author Andrew Ross Sorkin sees a crash coming. The question is: when will the bubble pop, and how much will the market slump when it does?
Lessons from the Wall Street crash of 1929
Stocks on Wall Street have rallied in recent months, but author Andrew Ross Sorkin sees a crash coming. The question is: when will the bubble pop, and how much will the market slump when it does?
SEC chair eyes major rule change
The chairman of the Securities and Exchange Commission is weighing a major rule change for public companies. This week, on social media, President Trump said companies should not report earnings quarterly, but instead, just twice a year. SEC Chairman Paul Atkins told CNBC that he welcomes that idea. Wall Street Journal financial reporter Corrie Driebusch joins CBS News to discuss.
Reporter's Notebook: Economic data vs. narrative
President Trump's praise of a controversial ad campaign gave American Eagle a boost, but his tariffs weigh heavier than words. "CBS Evening News" co-anchor John Dickerson explains.
Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Trump considering government stake in Intel
Intel was under the Wall Street spotlight Tuesday as shares popped nearly 7% on news that the struggling chip maker secured a $2 billion investment from SoftBank. Plus, as Commerce Secretary Howard Lutnick confirmed, the White House is considering buying a 10% government stake in the company. Bloomberg News technology editor Sarah Frier joins CBS News with more.
How investors react to Trump tariff threats
Stocks fell across the board on Friday after President Trump threatened a new 35% tariff on Canada. CBS News contributor Javier David breaks down the market's reaction.
Live
Iran reimposes Strait of Hormuz restrictions, citing U.S. blockade
Iran swiftly reversed course on reopening the Strait of Hormuz after the U.S. said the move would not end its blockade.
Exclusive
CBS News took a boat into the Strait of Hormuz. Here's what we saw.
Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.
Trump says Iranians have "agreed to everything," including removal of enriched uranium
President Trump spoke with CBS News Friday in a new telephone interview.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
U.S. delegation visited Cuba last week as Trump heaped pressure on island
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
Lead prosecutor on probe into John Brennan is removed from case, sources say
Maria Medetis Long, who was overseeing a criminal investigation into whether former CIA Director John Brennan lied to Congress is no longer assigned to the case.
Thomas, Alito not planning to retire from Supreme Court this year, sources say
Sources close to Supreme Court Justices Samuel Alito and Clarence Thomas tell CBS News neither is planning to retire this year.
Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Cuban man dies in ICE custody in Miami after apparent suicide attempt, agency says
A 27-year-old Cuban man died in ICE custody in Miami after an apparent suicide attempt, the agency said, adding to a string of recent detainee deaths locally and nationwide.
U.S.
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Reported tornado in Lena, Illinois, causes major damage; town is shut down
A reported tornado in Lena, Illinois, about 47 miles west of Rockford, has caused extensive storm damage, including possibly to schools that had students inside at the time.
Spirit Airlines reached out to Trump administration for emergency bailout
Spirit executives and other low-cost carriers are expected to meet with Transportation Secretary Sean Duffy next week.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
MoneyWatch
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Oil prices plummet after Iran says Strait of Hormuz is "completely open"
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Here's who is spending money on AI subscriptions, and how much they cost
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
Politics
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
U.S. delegation visited Cuba last week as Trump heaped pressure on island
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Thomas, Alito not planning to retire from Supreme Court this year, sources say
Sources close to Supreme Court Justices Samuel Alito and Clarence Thomas tell CBS News neither is planning to retire this year.
Lead prosecutor on probe into John Brennan is removed from case, sources say
Maria Medetis Long, who was overseeing a criminal investigation into whether former CIA Director John Brennan lied to Congress is no longer assigned to the case.
HealthWatch
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HealthWatch
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
Trump announces he's nominating Dr. Erica Schwartz for CDC director
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Exclusive
Trump to sign executive order on psychedelic drug used abroad to treat PTSD
Ibogaine is used in Mexico and the Caribbean to treat depression, anxiety, addiction and brain trauma.
As U.S. birth rate falls, Trump officials downplay contraception in Title X program
According to new CDC data, there were 3.6 million U.S. births in 2025, a 1% decline from 2024 and down 23% since 2007. The Trump administration has said it wants to reverse this trend.
World
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U.S. delegation visited Cuba last week as Trump heaped pressure on island
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Trump says Iranians have "agreed to everything," including removal of enriched uranium
President Trump spoke with CBS News Friday in a new telephone interview.
U.S. could send senior officials back to Pakistan for Iran talks within days, sources say
The Trump administration is considering a renewed diplomatic push that could send officials back to Pakistan within days, sources said.
Exclusive
CBS News took a boat into the Strait of Hormuz. Here's what we saw.
Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.
Entertainment
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Entertainment
What we know about d4vd's arrest
David Burke, a singer who performs under the name d4vd, is behind bars on suspicion of murder. He was arrested after the body of a 14-year-old girl was found in the trunk of his Tesla in September 2025. Matt Gutman reports.
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
Surprise twist in "Survivor 50" elimination
(Warning: Spoilers ahead!) "CBS Mornings" reveals a surprising twist in Wednesday's "Survivor 50" episode that led to a historic trial council ceremony.
More on Live Nation, Ticketmaster ruling
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
Simon Helberg on "The Audacity"
Simon Helberg, known for his role as Howard in "The Big Bang Theory," talks about the new show "The Audacity." Helberg plays a developer who is creating an AI companion. He explains what drew him to the role and discusses the show's messages about humanity and technology.
Technology
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Technology
Experts have warning for AI-generated podcasts
Millions of Americans get health information from podcasts. Now, some medical experts are warning about the harmful impacts of misinformation on these programs. CBS News medical contributor Dr. Céline Gounder has more.
AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
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.
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
Key takeaways on Anthropic's new AI model
More concerns are emerging about Anthropic's new Mythos AI model. Matt Shumer, a former AI company founder and CEO, joins CBS News with more details.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Crime
What we know about d4vd's arrest
David Burke, a singer who performs under the name d4vd, is behind bars on suspicion of murder. He was arrested after the body of a 14-year-old girl was found in the trunk of his Tesla in September 2025. Matt Gutman reports.
Why Todd Lyons is leaving his ICE role
Acting head of U.S. Immigration and Customs Enforcement Todd Lyons is planning to leave his post soon, U.S. officials familiar with his plan told CBS News. Camilo Montoya-Galvez reports.
ICE agent faces assault charges
Immigration and Customs Enforcement agent Gregory Morgan Jr. of Temple Hills, Maryland, is facing assault charges for allegedly pointing a gun at two people in Minnesota. CBS News' Jonah Kaplan reports.
Activist recalls surviving assassination attempt caught on video
An environmentalist who survived an assassination attempt spoke during the presentation of a report that documented the killing of 10 activists in Mexico in 2025.
Gallego reacts to misconduct allegations
Arizona Democratic Sen. Ruben Gallego is denying allegations of misconduct after his friend, California Rep. Eric Swalwell, resigned from his post over sexual misconduct accusations. CBS News' Nikole Killion reports.
Space
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Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
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
Watch Pope Leo's visit to Cameroon
Pope Leo XIV visited Cameroon on his tour of Africa. He garnered a crowd of around 120,000 people for mass in Douala. He also spoke with students and faculty at the Catholic University of Central Africa and attended a Catholic hospital. The visit came amid his ongoing feud with President Trump.
Pope Leo visits Africa during Trump clash
Pope Leo was in Angola on Friday for the third leg of his tour of Africa after he held a mass in Cameroon in front of roughly 120,000 people. CBS News' Chris Livesay reports and Michelle Boorstein, a religion reporter at the Washington Post, has more.
Why might China seek involvement in Iran war?
U.S. officials tell CBS News that days after the war with Iran started, U.S. intelligence detected that China was weighing whether to supply Iran with advanced radar technology. CBS News national security contributor Sam Vinograd has more.
Democratic, GOP strategists on Strait of Hormuz
President Trump and Iran proclaimed on Friday that the Strait of Hormuz is open. Political strategists Hannah Muldavin and Kevin Sheridan join "The Takeout" with analysis.
Boy's birthday party shows lesson of love
An Idaho boy volunteered with his dad at a recreation center for people with special needs. For his birthday party, he wanted all of them there. Steve Harman goes "On the Road" with the story about Grant Mullen's wish.