Wall Street's Shadow Market
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?
Wall Street
Wall Street's financial crisis
Steve Kroft examined a vast unregulated shadow market in leveraged bets called "credit default swaps"
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.
Nancy Guthrie's family have been cleared as suspects, sheriff says
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Live
2 killed in shooting at high school hockey game in Pawtucket, Rhode Island, police say
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Signal sniffer" to detect Nancy Guthrie's pacemaker deployed, sources say
A device that can pick up certain electronic signals is being used in the search for Nancy Guthrie, as it may detect emissions from her pacemaker, sources told CBS News.
Bobsledder Elana Meyers Taylor, 41, wins gold in 5th Olympic appearance
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Malinin hints at "inevitable crash" amid Olympic pressure, online hate
Team USA star skater Ilia Malinin, after multiple falls at the Winter Games, speaks of a struggle to "stay sane through the endless insurmountable pressure."
FBI refuses to share evidence in Alex Pretti killing, Minnesota investigators say
Minnesota's top investigative agency said Monday the federal government has formally refused to hand over evidence and information in the killing of Alex Pretti.
Canada's Megan Oldham takes gold in freestyle big air, Eileen Gu takes silver
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
Average tax refund is nearly 11% higher so far this year, IRS data shows
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
U.S.
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Nancy Guthrie's family have been cleared as suspects, sheriff says
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Canada's Megan Oldham takes gold in freestyle big air, Eileen Gu takes silver
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
Live
2 killed in shooting at high school hockey game in Pawtucket, Rhode Island, police say
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Why athleisure giant Lululemon is losing momentum
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
MoneyWatch
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Why athleisure giant Lululemon is losing momentum
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Average tax refund is nearly 11% higher so far this year, IRS data shows
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
What's open and closed on Presidents Day 2026?
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Prediction markets heat up on Valentine's Day as people place bets on love
Prediction markets are taking bets this Valentine's Day that celebrity relationships can thrive — or break apart.
January CPI report is the best inflation news in months. Here's why.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Politics
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They didn't just ignore audit warnings — California lawmakers quietly killed dozens of audit-backed bills
State lawmakers are promising accountability after a CBS News California investigation found they failed to enact three out of four state audit recommendations. CBS News California built an audit accountability tracker to help.
U.S., Hungary sign civil nuclear deal as Trump deepens ties with Orbán
Many of Hungary's neighbors say Prime Minister Viktor Orbán is eroding democracy, but President Trump is forging closer relations with the Putin ally.
Obama: Odds are aliens are real but I saw no signs of contact while president
After setting social media abuzz by saying aliens were real, former President Barack Obama said he didn't see evidence that aliens "have made contact with us."
7 highlights from CBS News town hall with Maryland Gov. Wes Moore
In a CBS News "Things That Matter" town hall, Maryland Gov. Wes Moore blasted President Trump — but also urged Democrats to change their perception as "the party of no and slow."
Full transcript of "Face the Nation with Margaret Brennan," Feb. 15, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Tom Homan and House Minority Leader Hakeem Jeffries join Ed O'Keefe.
HealthWatch
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Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
Moderna says FDA refuses its application for new mRNA flu vaccine
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
What to know about a new study on coffee, tea and dementia risk
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
Thousands of mothers were flagged to police over flawed drug tests at childbirth
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
World
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Bobsledder Elana Meyers Taylor, 41, wins gold in 5th Olympic appearance
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Canada's Megan Oldham takes gold in freestyle big air, Eileen Gu takes silver
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
21-year-old man facing terrorism charges in Taylor Swift concert attack plot
Austrian public prosecutors filed terrorism-related charges Monday against a 21-year-old defendant who they say planned to attack Taylor Swift's Eras Tour in 2024.
Team USA headed to women's hockey gold medal game at Winter Olympics
Their respective semifinal wins on Monday set up a seventh gold-medal showdown between Team USA and Canada later this week.
Malinin hints at "inevitable crash" amid Olympic pressure, online hate
Team USA star skater Ilia Malinin, after multiple falls at the Winter Games, speaks of a struggle to "stay sane through the endless insurmountable pressure."
Entertainment
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Entertainment
Robert Duvall dies at 95
Robert Duvall, known for his roles in "The Godfather," "Apocalypse Now" and more, has died at 95, his wife announced in a social media post Monday. CBS News correspondent Shanelle Kaul has more.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
Stephen A. Smith: Always up for a debate
The high-profile ESPN and SiriusXM commentator and bestselling author is a combative and colorful voice on sports. But now, with a weekly political show in which he interviews government leaders, he is raising eyebrows in Washington, too.
Stephen A. Smith: Always up for a debate
High-profile ESPN and SiriusXM commentator and bestselling author Stephen A. Smith is a combative and colorful voice on sports. But now, with a weekly political show, in which he interviews government leaders, he is gaining notice in Washington, too. Smith talks with "Sunday Morning" national correspondent Robert Costa about his journey and whether he might soon be on a debate stage.
Paul Anka: Still doing it his way
The singer-songwriter who's remained on Billboard's Hot 100 Chart for seven straight decades has just released his latest album, "Inspirations of Life and Love." A youthful 84, he talks about his artistic longevity.
Technology
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Technology
Viral essay urges people to prepare for AI
If you've been on social media this week, you've likely seen an ominous warning about artificial intelligence in your feed: "Something big is happening." An essay from the CEO of an AI company, Matt Shumer, likens the current moment to February 2020, right before the start of COVID. Nate Soares, co-author of "If Anyone Builds It, Everyone Dies," joins to discuss.
Amazon ends Flock partnership after backlash over Super Bowl ad
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
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.
FTC warns Apple's Tim Cook over alleged political bias in Apple News app
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
Russia blocks WhatsApp as it pushes state-backed alternative on citizens
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
Science
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How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
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.
Crime
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Crime
Former FBI official on Nancy Guthrie case
The mask and clothing worn by the suspect in Nancy Guthrie's disappearance may have been purchased from Walmart, law enforcement says. Steven Jensen, former assistant director for FBI's Washington field office, joins CBS News to discuss.
Latest on Nancy Guthrie search, now in Day 16
Law enforcement confirmed Monday that all of Nancy Guthrie's family members have been cleared as suspects in her disappearance. CBS News reporter Andres Gutierrez has the latest from Arizona and former FBI supervisory special agent Lance Leising joins CBS News to discuss the search.
Early details on Rhode Island hockey shooting
At least two people are dead after a shooting at a hockey game in Pawtucket, Rhode Island. CBS News' Anna Schecter reports.
Sheriff: Nancy Guthrie's family cleared as suspects
All members of Nancy Guthrie's family members have been ruled out as suspects in her disappearance, Pima County Sheriff Chris Nanos said Monday. CBS News reporter Andres Gutierrez has the latest on the search for Guthrie and former FBI supervisory agent Doug Kouns joins to discuss the investigation.
Nancy Guthrie's family have been cleared as suspects, sheriff says
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Space
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Fresh crew arrives at International Space Station to boost numbers back to 7
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
SpaceX launches space station crew on 8-month mission
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA, SpaceX mission prepares for launch
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
ULA rocket has booster problem while launching classified Space Force payloads
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
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
Takeaways from Rubio's speech at Munich
U.S. Secretary of State Marco Rubio addressed the Munich Security Conference over the weekend. Elliott Abrams, senior fellow for Middle Eastern Studies at the Council on Foreign Relations, joins CBS News to discuss.
Searches for colorectal cancer info on rise
The death of actor James Van Der Beek and the revelation of the late Catherine O'Hara's private colorectal cancer battle has many Americans searching for more information on the dangerous disease. CBS News medical contributor Dr. Céline Gounder has more on the illness.
Potential 2028 contenders travel to Munich
Several 2028 presidential hopefuls on both sides of the aisle made appearances at the Munich Security Conference over the weekend. CBS News' Fin Gómez reports.
Construction crew cheers up young hospital patient
While playing with a flashlight in her room at the Cleveland Clinic, a 4-year-old girl shined a light into a building going up across the street. To the hospital's surprise, one of the workers shined a light right back -- and made a sign that said "Get well soon." Tony Dokoupil has the heartwarming story.
Former FBI official on Nancy Guthrie case
The mask and clothing worn by the suspect in Nancy Guthrie's disappearance may have been purchased from Walmart, law enforcement says. Steven Jensen, former assistant director for FBI's Washington field office, joins CBS News to discuss.