Wall Street's financial crisis
Steve Kroft examined a vast unregulated shadow market in leveraged bets called "credit default swaps"
Wall Street
Are American banks safe today?
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?
Trump slams Wall Street's "TACO" acronym
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. producer price index unexpectedly drops
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.
Apr 8: CBS News 24/7, 4pm ET
President Trump to sign executive order aimed at revitalizing the coal industry; Scientists claim to successfully revive once extinct Dire wolf.
Apr 8: CBS News 24/7, 10am ET
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.
Apr 8: CBS News 24/7, 1pm ET
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.
What new earnings reports say about tech
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 react to strong tech earnings
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.
Futures slide as China dashes hopes of trade negotiations
After a 2-day relief buoyed investor confidence, futures slipped signaling a weaker start to the day on Wall Street.
Tesla's Q1 sales, profits below expectations
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.
Breaking down Wall Street's reaction to Trump
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.
Stock market down amid fresh tariff fears
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.
Why stock market is down after Trump tariff pause
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.
Wall Street volatility amid hope for tariff deals
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.
Reporter's Notebook: Wall Street vs. Main Street
Tariff talk sparks confusion on Wall Street, but Main Street businesses are already struggling. "CBS Evening News" co-anchor John Dickerson explains.
Economist explains fallout from Trump's trade war
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.
U.S. stocks down sharply after open
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.
How big are the stock market losses?
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.
How big are the stock market losses?
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.
Stocks see biggest wipeout since 2020
Stocks cratered in the U.S. on Thursday, one day after President Trump unveiled his plans for a 10% baseline tariff on all nations and higher levies for some. CBS News' John Dickerson anchors a special report.
Stocks tumble as Wall Street braces for Trump's April 2 tariffs
Investors are concerned about President Trump's plans to roll out new tariffs on April 2, which economists say could reignite inflation.
S&P 500 marks worst quarter since 2022 amid tariff and inflation fears
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
Wall Street reacts to Trump tariffs
President Donald Trump's tariff plans and worsening inflation data has investors on edge. Wall Street suffered a steep sell-off on Friday, with the three major indexes all down sharply. While heading to Mar-a-Lago this weekend, Trump said he is open to carving out deals with countries looking to avoid tariffs, but that likely won't happen until after they are set to begin on Wednesday.
Ford, General Motors stocks fall after tariff
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump signs funding bill to end shutdown after package clears House
The House on Tuesday voted 217 to 214 to fund major parts of the government and end the partial shutdown.
Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Trump suggests Republicans should nationalize voting. Here's what to know.
President Trump has continued to claim without evidence that there is widespread fraud in U.S. elections.
Gaza health officials say Israeli strikes kill almost 20 in one morning
Gaza medical officials say Israeli strikes killed at least 19 people, including two infants, with one hospital director asking, "Where is the ceasefire?"
Watchdog shares whistleblower complaint involving Gabbard with Congress after delay
The complaint was closed administratively by the intelligence community inspector general's office in June 2025, under prior leadership, watchdog says.
Top Minnesota corrections official questions when immigration agencies will draw down forces
In the week-and-a-half since federal immigration agents fatally shot a man in Minnesota, the state's top corrections official told CBS News it's not clear when the government will start drawing down forces.
Clintons will testify in Epstein probe after contempt threat, House panel says
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
Former Capitol Police officer Harry Dunn running for Congress
Former Capitol Police officer Harry Dunn — who emerged as a national figure after the Jan. 6 riot — announced a second bid for Congress on Wednesday.
Judge skeptical of Pentagon's efforts to punish Sen. Kelly over "illegal orders" video
A federal judge expressed skepticism over the Pentagon's effort to downgrade the pay and rank of Democratic Sen. Mark Kelly after he urged service members not to follow unlawful military orders.
U.S.
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How federal policing upended daily life, public trust in Minneapolis
The police chief and mayor of Brooklyn Park, Minneapolis, react to new ICE body cameras and speak about economic impacts and eroding trust in local law enforcement.
Athletes to watch from Team USA at the Winter Olympics
American athletes are preparing for the 2026 Milano Cortina Winter Olympics. These are some of the top Team USA competitors to watch.
Feds releasing 4th-grader who's from same suburb as Liam Ramos, officials say
Federal authorities are releasing fourth-grader Elizabeth Zuna, the first of several students detained by immigration officers in the Minneapolis suburb of Columbia Heights, school officials said.
Penny the Doberman pinscher wins best in show at Westminster Dog Show
A Doberman pinscher named Penny won best in show at the Westminster Kennel Club Dog Show.
Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
MoneyWatch
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China banning hidden car door handles starting in 2027 due to safety concerns
China will ban hidden door handles on cars, commonly used on Tesla's electric vehicles and many other EV models, starting next year, due to safety concerns.
More companies are pointing to AI as they lay off employees
Although economists have generally downplayed the impact of artificial intelligence on jobs, some employers are highlighting their adoption of AI.
SBA shuts out non-U.S. citizens from its main lending program
Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
PepsiCo cuts prices of Cheetos, Doritos and other snacks
PepsiCo said the price cuts are aimed at making its products more affordable as consumers struggle with affordability.
Disney names parks chief Josh D'Amaro to succeed CEO Bob Iger
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Politics
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Former Capitol Police officer Harry Dunn running for Congress
Former Capitol Police officer Harry Dunn — who emerged as a national figure after the Jan. 6 riot — announced a second bid for Congress on Wednesday.
Feds releasing 4th-grader who's from same suburb as Liam Ramos, officials say
Federal authorities are releasing fourth-grader Elizabeth Zuna, the first of several students detained by immigration officers in the Minneapolis suburb of Columbia Heights, school officials said.
Top Minnesota corrections official questions when immigration agencies will draw down forces
In the week-and-a-half since federal immigration agents fatally shot a man in Minnesota, the state's top corrections official told CBS News it's not clear when the government will start drawing down forces.
Judge restricts use of tear gas, projectile munitions at Portland protests
The ruling comes just days after federal agents launched tear gas at a crowd of demonstrators, including young children, that local officials described as peaceful.
Sen. Mitch McConnell hospitalized with "flu-like symptoms"
A spokesman for Sen. Mitch McConnell said the Kentucky Republican's "prognosis is positive."
HealthWatch
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Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
5 ways to find affordable care without health insurance
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
When health insurance costs more than the mortgage
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Extended Interview: Mel Robbins
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
Book excerpt: "The Let Them Theory" by Mel Robbins
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
World
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China banning hidden car door handles starting in 2027 due to safety concerns
China will ban hidden door handles on cars, commonly used on Tesla's electric vehicles and many other EV models, starting next year, due to safety concerns.
Greek coast guard ship and migrant boat collide, killing at least 15 people
A search and rescue operation involving patrol vessels, an air force helicopter and a boat carrying divers was underway for potentially missing passengers.
Gaza health officials say Israeli strikes kill almost 20 in one morning
Gaza medical officials say Israeli strikes killed at least 19 people, including two infants, with one hospital director asking, "Where is the ceasefire?"
Boat crew tosses 115 kilos of cocaine in Pacific while fleeing Colombian navy
The seizure was announced on the same day that Colombian President Gustavo Petro met with President Trump at the White House.
Russia hammers Ukraine on eve of peace talks
A day before Russian, Ukrainian and U.S. teams meet to talk peace, Putin's forces pounded Ukraine's energy infrastructure with dozens of drones and missiles.
Entertainment
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Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Miranda Lambert sells entire music catalog
Country star Miranda Lambert's entire catalog now belongs to Sony Music Publishing Nashville and Domain Capital Group. Jem Aswad, executive editor for music at Variety, joins "The Daily Report" to discuss.
Activists on inspiring next generation
Activist Gloria Steinem, who has fought for the rights of every woman, is on a mission to inspire the next generation. She is collaborating with Nobel Peace Prize Laureate Leymah Gbowee, who helped end the civil war in Liberia, on a new children's book. They talk to "CBS Mornings" about their experiences in their fight for equality and deciding to collaborate.
Westminster dog show winners on preparation
Three former winners of the Westminster Kennel Club Dog Show and their handlers join "CBS Mornings" ahead of this year's Best in Show title being awarded Tuesday. They talk about how they prepared to compete and what retirement is like now.
Gabrielle Union talks new film "Goat"
Gabrielle Union talks about starring in the new animated movie "Goat," working with her husband and the real life issues portrayed in the movie.
Technology
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More companies are pointing to AI as they lay off employees
Although economists have generally downplayed the impact of artificial intelligence on jobs, some employers are highlighting their adoption of AI.
Tech executive breaks down AI agents
Scott Hanselman, vice president of developer community at Microsoft, joins CBS News to explain the difference between an LLM like ChatGPT and an AI agent. He also explains how AI agents could become assertive if given too much access.
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 agents are using a social media platform
Moltbook, a social media platform for AI agents to interact, is growing. The Verge senior AI reporter Hayden Field joins CBS News with more details.
Inside the new social media platform for AI
Moltbook was launched last week by a software developer and mirrors the template of Reddit, but it's not for humans. Instead, it allows artificial intelligence agents to post written content and interact with other chatbots through comments, up-votes and down-votes. Tyler Cowen, professor of economics at George Mason University, joins CBS News to discuss.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Lawyers for alleged Charlie Kirk killer again ask to have prosecutors removed
Tyler Robinson's attorneys want the entire Utah County Attorney's Office disqualified because one of the prosecutors has a daughter who was present at the rally where Kirk was shot.
Details on Nancy Guthrie ransom note
The Pima County sheriff tells CBS News that they received a ransom note related to the apparent abduction of Nancy Guthrie. CBS News' Andres Gutierrez and Anna Schecter have more.
Study finds significant crime decrease in 2025
A new study from the Council on Criminal Justice finds that crime rates are dropping across the U.S., with some areas reaching their lowest levels in decades in 2025. Alex Piquero, professor of criminology at the University of Miami, joins to assess the findings.
Clintons push to testify publicly on Epstein
Bill and Hillary Clinton will testify before lawmakers behind closed doors later in February about convicted sex offender Jeffrey Epstein. The House Oversight Committee was preparing to hold them in contempt for refusing to appear. CBS News justice correspondent Scott MacFarlane reports.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
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
Teen boy recalls grueling swim to save family
A 13-year-old boy is credited with saving the lives of his mother and two younger siblings with an hourslong swim after the family was swept out to sea off the Australian coast. Tony Dokoupil has the story.
Leaks delay Artemis II moon mission until March
NASA announced the long-awaited flight to send four astronauts on a trip around the moon was being delayed to March after a test launch ran into a variety of problems and ultimately was called off. Mark Strassmann reports.
First on CBS
Extended: Jane Doe in R. Kelly trial speaks
Reshona Landfair, who testified as Jane Doe at R. Kelly's 2022 federal trial, speaks to Jericka Duncan in her first TV interview about her new memoir, "Who's Watching Shorty?". Kelly is now behind bars after being convicted of racketeering and sex crimes in two separate federal trials in 2021 and 2022. But Kelly's legal troubles started long before that, including when a tape that he had filmed performing sex acts on a 14-year-old girl — now identified as Landfair — leaked in 2001.
Renee Good's brothers testify on Capitol Hill
Renee Good's brothers were among several people who testified on Capitol Hill about federal agents and their use of force. Nicole Sganga has the latest.
Federal presence in Bay Area for Super Bowl
Some Bay Area residents are concerned that there will be an increase in federal agents focused on immigration enforcement ahead of Super Bowl LX. CBS News correspondent Nidia Cavazos has the details.