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The U.S. and China agreed on the first phase of a trade deal Friday, giving investors on Wall Street a sigh of relief. Washington Post economics correspondent Heather Long joins "Red & Blue" to break down the deal's winners and losers.
The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
In 2008, the banking system was near total collapse, the stock market was in free fall, and government officials (it seemed to many) were as clueless as the rest of us. CBS News business analyst Jill Schlesinger looks back at the housing and banking crisis that almost dragged the world down into another Great Depression, and talks with historian Adam Tooze and Wall Street Journal reporter Gretchen Morgenson about how many of the new rules put into place to protect the system from suffering another meltdown are being diluted.
The investment banking firm Sandler O'Neill lost a third of its employees on 9/11 -- 66 people in all. But a month later, the company is up and running, while also providing logistical, emotional and financial support to the families of the staff it lost. Steve Kroft reports.
Steve Kroft lifts the veil on credit default swaps -- the private, under-regulated and poorly understood investments that helped decimate the economy. How and why did Wall Street make such a risky bet?
Steve Kroft examined a vast unregulated shadow market in leveraged bets called "credit default swaps"
In the 2008 Great Recession, taxpayers were forced to bail out reckless Wall Street excess. Scott Pelley asks Fed Chair Jerome Powell: How safe are banks today?
President Trump is pushing back on Wall Street's new "TACO" acronym that's being used to describe his economic policies. The acronym stands for "Trump Always Chickens Out." Political strategists Joel Payne and Matt Gorman, along with CBS News chief White House correspondent Nancy Cordes, join to discuss.
U.S. wholesale prices unexpectedly fell in April, marking the largest monthly drop since the start of the pandemic in 2020. CBS News contributor J.D. Durkin has more.
President Trump to sign executive order aimed at revitalizing the coal industry; Scientists claim to successfully revive once extinct Dire wolf.
Stocks rebounding after wild day on Wall Street; Supreme Court lifted a federal judge's order that blocked the Trump administration from using the Alien Enemies Act to deport migrants to El Salvador.
President Trump holds a call with the acting president of South Korea to discuss a potential tariff deal; In shrinking rural towns, these Texas high schools are teaming up to stay alive.
The stock market closed in the green for the start of May thanks in part to strong quarterly earnings from Meta and Microsoft. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Investors are reacting to strong earnings from two of America's biggest tech names, Microsoft and Meta. The Dow went up about 80 points on Thursday, one day after data showed the U.S. economy shrank in Q1 of 2025. CBS News contributor J.D. Durkin reports.
After a 2-day relief buoyed investor confidence, futures slipped signaling a weaker start to the day on Wall Street.
Tesla released its earnings report for 2025's first quarter Tuesday with sales and profits falling short of analyst expectations as CEO Elon Musk continues to focus on the Trump administration's Department of Government Efficiency. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump started the day calling Federal Reserve Chairman Jerome Powell names and pressuring him to lower interest rates. The comment caused an immediate reaction on Wall Street. Kelly O'Grady has analysis.
Wall Street saw a sea of red on Wednesday as Federal Reserve Chair Jerome Powell said tariffs came in larger than expected, which will lead to "at least a temporary rise" in inflation. CBS News MoneyWatch correspondent Kelly O'Grady has the biggest takeaways.
The excitement over a pause of President Trump's reciprocal tariffs, which drove the markets up, did not carry over to the next day. Kelly O'Grady explains.
The stock market started the day up, but then reversed early gains to end in the red, even as the White House says it is open to negotiate with willing countries. Kelly O'Grady explains.
Tariff talk sparks confusion on Wall Street, but Main Street businesses are already struggling. "CBS Evening News" co-anchor John Dickerson explains.
President Trump vowed there will be no pause to his wave of global tariffs. Despite the negative impact on the markets, and the increasing uncertainty about small and large businesses alike, the president promises his tariff plan will revive America's manufacturing sector. Josh Bivens, chief economist at the Economic Policy Institute, joins to discuss.
The U.S. stock market opened down sharply Monday, teeing up to be the third straight day of major losses after President Trump announced sweeping tariffs on trading partners last week. Global markets also tumbled on Monday as the Trump administration continued to defend its tariff plan. CBS News' Kelly O'Grady, Ramy Inocencio and Caitlin Huey-Burns have the latest.
Friday was the second straight day of dramatic losses on Wall Street. One big factor is China announcing that it would impose 34% retaliatory tariffs on American goods in response to President Trump's tariff plan. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Friday was the second straight day of dramatic losses on Wall Street. One big factor is China announcing that it would impose 34% retaliatory tariffs on American goods in response to President Trump's tariff plan. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
President Trump announced Sen. Markwayne Mullin as his pick to replace embattled DHS Secretary Kristi Noem.
The Trump administration's spy chiefs will testify before the Senate Intelligence Committee on national security threats facing the U.S.
Illinois Lt. Gov. Juliana Stratton is projected to win the heated and crowded Democratic primary race for the U.S. Senate seat that Dick Durbin has held for nearly 30 years, according to CBS News analysis.
The Senate voted to begin a marathon debate on the SAVE America Act, an elections bill that President Trump has been pressing Republicans to pass.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
The leader of Cuba is vowing to put up "resistance" against the U.S. as President Trump suggests he may "take" the island nation, whose communist government has faced intense U.S. pressure and languished under energy shortages.
The 2026 Illinois primary results in the race for governor set up a rematch between Gov. JB Pritzker and his 2022 Republican challenger Darren Bailey.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
Jessie Holmes is the third competitor in the 54-year history of the Iditarod Trail Sled Dog Race to repeat the year after winning for the first time.
President Trump is likely to make less of an impact on the federal bench in his second term because of fewer vacancies, a slower pace of retirements and the potential for Democrats to regain control of the Senate in November.
The Trump administration's spy chiefs will testify before the Senate Intelligence Committee on national security threats facing the U.S.
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
Military officials say a shooting at a U.S. Air Force base in New Mexico has left one person dead and another wounded.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
The complaint includes 20 separate counts against Kalshi, claiming the company accepted bets from Arizona residents in violation of state law.
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
Amazon is speeding deliveries, putting pressure on other retailers. Here's where 1- and 3-hour delivery options are available and how much the service costs.
AI and other technologies can help you manage your financial life. But don't rely exclusively on such tools for money matters.
An Arkansas law requiring that the Ten Commandments be prominently displayed in public school classrooms has been struck down by a federal judge.
Amid signs that Republicans may lose some of the Latino support that the party picked up in 2024, grassroots organizations are stepping in to boost GOP Senate candidates in key midterm races.
President Trump announced Sen. Markwayne Mullin as his pick to replace embattled DHS Secretary Kristi Noem.
President Trump is likely to make less of an impact on the federal bench in his second term because of fewer vacancies, a slower pace of retirements and the potential for Democrats to regain control of the Senate in November.
The Trump administration's spy chiefs will testify before the Senate Intelligence Committee on national security threats facing the U.S.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
The Trump administration's spy chiefs will testify before the Senate Intelligence Committee on national security threats facing the U.S.
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
The leader of Cuba is vowing to put up "resistance" against the U.S. as President Trump suggests he may "take" the island nation, whose communist government has faced intense U.S. pressure and languished under energy shortages.
Ali Larijani was among the most senior leaders of the regime still alive in Iran after top leaders were killed at the start of the war.
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
A verdict could come as soon as Tuesday in the landmark trial against Meta and Google for allegedly fueling social media addictions. CBS News contributor Jessica Levinson has more.
A constant battle in the U.S. health care system is the fight between insurers and providers over the cost of medical procedures and who foots the bill. Both sides are turning to artificial intelligence to make their case. CBS News medical contributor Dr. Céline Gounder explains.
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.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Kouri Richins, the Utah mom accused of killing her husband and later writing a children's book about grief, was found guilty on all charges Monday, including aggravated murder. Her sentencing is now set for May and she faces the possibility of life in prison.
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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.
Top U.S. counterterrorism official Joe Kent resigns over Iran war; senior Iranian leader Ali Larijani killed in airstrike.
A senior living facility in Minnesota was recently told they'd need a liquor license for any gathering involving alcoholic beverages. That didn't sit well with many of the residents, who are now fighting to legalize the right to happy hour. Tony Dokoupil has the story.
An asteroid weighing about 7 tons and traveling at 45,000 miles per hour zoomed over multiple states and lit up the sky, causing a loud boom that some residents mistook for an explosion. Mark Strassmann reports.
Cuba has been facing more blackouts and protests since the U.S. cut off its access to Venezuelan oil. Juan Palop reports from Havana.
Nearly 50 days since Nancy Guthrie disappeared, the suspected abduction remains unsolved. CBS has learned investigators have recovered additional images from Guthrie's surveillance cameras. Jonathan Vigliotti has the latest.