Dow jumps more than 1,000 points after U.S. and China announce tariff truce
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
Watch CBS News
Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.
Mary has reported on climate, housing, elections, and small businesses for The Guardian, City Limits and local publications in Brooklyn and the Bronx. She holds a master's degree from the Craig Newmark Graduate School of Journalism at CUNY and a bachelor's degree from the College of the Holy Cross.
Prior to her career in journalism, Mary spent five years working in communications.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
President Trump says a new U.S. trade pact with the U.K. can serve as the basis for more trade deals. Economists say that could be a problem.
President Trump opened the door to lowering tariffs on China as U.S. and Chinese officials prepare to meet this weekend.
Companies are already moving to hike their prices as U.S. tariffs bite, a move economists say is likely to drive up inflation.
Investors hope the U.S.-U.K. trade agreement is a preiude to more deals, although Wall Street analysts say to expect more volatility.
President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.
Wednesday marks the first day U.S. travelers flying domestically will be required to show a Real ID at airports.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Starting May 7, Americans are required to use the new form of identification if they want to fly domestically.
Rockstar Games apologizes after announcing that Grand Theft Auto 6, its eagerly awaited video game, won't be released until next year.
Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.
The Chamber of Commerce warns that U.S. small businesses do not have the capitol reserves to survive tariffs on foreign imports.
Starbucks plans to hire more baristas at thousands of stores starting in May as the coffee chain looks to improve customer service.
Kohl's CEO Ashley Buchanan was terminated after an external investigation into conflicts of interests with a vendor.
Publishers Clearing House will pay $18.5 million to nearly 282,000 customers who regulators say were deceived by the sweepstakes company.