Tech stocks plummet amid AI bubble worries
Investors are recoiling from tech stocks again over doubts that AI spending will pay off in the long run. Yahoo Finance's Brooke DiPalma explains the current state of the global stock market.
Wall Street
Tech stocks tumble for a second day. Here's what's behind the selloff.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
Stocks soar on news of U.S., Iran peace deal
The Dow rose on Tuesday, building on Monday's news that the U.S. and Iran reached a deal to end the war. Senior Barron's writer Laura Sanicola joins CBS News to discuss.
SpaceX stock closes up 19% on Day 1 of trading
SpaceX launched onto Wall Street on Friday with the largest initial public offering in history. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Elon Musk speaks at SpaceX IPO launch
Elon Musk's SpaceX began trading as "SPCX" on Friday after completing the largest initial public offering in history. The IPO launch has made SpaceX's CEO, already the world's richest person, a trillionaire. Asset TV's Kristin Myers joins CBS News with her take.
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?
What Nvidia's Q1 earnings say about AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
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.
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.
Trump touts American "golden age", attacks communism in July 4th speech
In a speech delayed by a two-hour evacuation of the National Mall due to severe weather, President Trump mixed politics with history.
Rep. Nancy Pelosi's husband suspected in California hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California
8 people, including 4 children, injured in July 4th shooting
A 21-year-old female is in critical condition, and 4 of the injured are juveniles between the ages of 6 and 14, according to he police.
Live
Massive funeral for slain supreme leader enters second day
The dayslong funeral for Ayatollah Ali Khamenei, who was killed in February by U.S.-Israeli strikes, has been marked by chants for revenge.
Heat and severe storms damper July 4th celebrations, leave thousands without power
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
Weather woes impact July 4th celebrations as National Mall briefly evacuated
Americans celebrated 250 years of independence this Fourth of July, although severe weather put a damper on the proceedings in several parts of the country.
Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Taylor Swift and Travis Kelce married in ceremony officiated by Adam Sandler
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Joey Chestnut wins Nathan's Hot Dog Eating Contest, Miki Sudo is women's champion
Reigning champion Joey Chestnut ate 66 hot dogs and buns to win the 2026 Nathan's Famous Hot Dog Eating Contest while Miki Sudo ate 38 3/4 to win the women's competition.
U.S.
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8 people, including 4 children, injured in July 4th shooting
A 21-year-old female is in critical condition, and 4 of the injured are juveniles between the ages of 6 and 14, according to he police.
Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Heat and severe storms damper July 4th celebrations, leave thousands without power
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
DNA technology leads to identification of Revolutionary War soldier
The remains of a Revolutionary War soldier were identified as a young man from Maryland just before America's 250th anniversary.
Serena Williams withdraws from Wimbledon doubles match with sister Venus
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
MoneyWatch
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More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
What's open and closed on July 3 and July 4? See which stores are operating.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Politics
More Politics
Trump touts American "golden age", attacks communism in July 4th speech
In a speech delayed by a two-hour evacuation of the National Mall due to severe weather, President Trump mixed politics with history.
6 presidential speeches that shaped American history
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
Trump warns of "communist menace" in speech at Mount Rushmore
The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism.
Trump announces pardons for pollution violators prosecuted for "fixing their car"
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
HealthWatch
More HealthWatch
1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
Actor Danny Glover reveals Alzheimer's diagnosis
Actor Danny Glover spoke about his Alzheimer's diagnosis in an interview with NBC's "Today" show, revealing that he has been living with the disease for several years.
Medicare to help pay for some GLP-1 drugs
Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients.
World
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Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Egypt uncovers lost Byzantine-era city in the western desert
The fourth-century residential city in the western desert is one of two major archaeological finds announced by Egypt on Saturday.
Prince Harry to travel solo to London amid security flap
Meghan and his children may eventually join him on the rest of the trip outside London, the source said.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Prince William appears on "New Heights" podcast ahead of Swift-Kelce wedding
Prince William will appear on the podcast hosted by Jason and Travis Kelce just hours before Travis Kelce and Taylor Swift's anticipated wedding.
Entertainment
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Entertainment
Punch Brothers' "Song of the Water Kelpie (unsung)"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Taylor and Travis say yes at MSG
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
Are drones the new fireworks?
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.
Punch Brothers play "This Land Is Your Land"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. In celebration of the Fourth of July, here's Punch Brothers performing their cover of Woody Guthrie's classic song, "This Land Is Your Land."
Taylor Swift and Travis Kelce tie the knot
Taylor Swift and Travis Kelce were married at Madison Square Garden in New York City on Friday. Comedian Adam Sandler officiated the ceremony, a representative for Swift confirmed. Jo Ling Kent has more details.
Technology
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Technology
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
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.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Consumers need protection from AI agents, lawmaker says
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
Science
More Science
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Fossil found in drawer turns out to be first dinosaur bone from Antarctica
Dinosaur fossils are rare to find in Antarctica because of the unforgiving ice caps. But millions of years ago, the region was populated by lush forests.
Crime
More Crime
Rep. Nancy Pelosi's husband suspected in Napa County hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California.
Trump announces 6 new pardons
The four presidents carved into Mount Rushmore collectively issued over 1,100 pardons. President Trump, who is visiting there tonight, has outdone them all and is now adding more. Nancy Cordes reports.
Trump considering pardons and clemency
President Trump is considering pardons for a group of people convicted of emissions and clean-air-related violations and has discussed potential clemency for Sean "Diddy" Combs, according to sources familiar with his plans. CBS News' Nikole Killion reports.
Trump weighing Diddy clemency, sources say
President Trump is considering pardons for a slew of individuals, including potential clemency for disgraced music mogul Sean "Diddy" Combs and some offenders with pollution-related convictions, sources say. CBS News' Olivia Rinaldi reports.
Olympian charged over alleged D.C. vandalism
U.S. Olympian David Hearn is facing a felony charge after being accused of vandalizing the Lincoln Memorial Reflecting Pool. CBS News senior Justice Department reporter Sarah Lynch has the details.
Space
More Space
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Latest Galleries
More Latest Galleries
Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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
More Latest CBS News Videos
Latest CBS News Videos
Trump speaks at Freedom 250 event
President Trump spoke in Washington, D.C., at the "Salute to America" Freedom 250 event on the Fourth of July. He highlighted veterans, the Artemis II crew, an early version of the American flag and more in his speech.
Punch Brothers' "Song of the Water Kelpie (unsung)"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Relay for America runs flag across U.S.
Relay for America ran the American flag from San Francisco to Washington, D.C., this week to commemorate America's 250th birthday. They did it nonstop for 20 days and nights for more than 3,000 miles on a mission of unity heading to the Fourth of July. Tony Dokoupil has the story.
Taylor and Travis say yes at MSG
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
Are drones the new fireworks?
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.