Business
Wall Street closes out week on record upswing
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Business
2023 a mixed bag for Wall Street, U.S. economy
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Minimum wage hikes may bring unintended results
Twenty-five states and dozens of U.S. cities are planning minimum wage increases in 2024, including California, which will boost minimum wage for fast-food workers to $20 per hour beginning Jan. 1. This week, Pizza Hut announced that it will lay off hundreds of delivery drivers as a result, one of the unintended economic consequences that experts say could result from the increases. Carter Evans reports.
Apple appeals U.S. ban on watch imports
Apple is appealing the U.S.'s decision to ban imports of the company's smart watch due to a patent dispute over the watch's blood oxygen monitor. The ban went into effect Tuesday after the Biden administration let the U.S. International Trade Commission's decision stand. Elise Preston has the latest.
Holiday spending forecasted to be merry and bright
After a period of high inflation, the U.S. has received some good economic news in time for the holidays. Gas prices and mortgage rates have dipped, and job growth remains steady. For many shoppers, it will translate to more holiday spending. Joy Benedict has more.
Automakers turn to subscription fees
Automakers, including General Motors, Ford and BMW, are charging drivers subscription fees to use certain state-of-the-art features, such as remote locking and hands-free cruise control. Carter Evans has details.
Cyber Monday could set records
Millions more people are expected to do some shopping between Black Friday and Cyber Monday this year than they did last year, despite rising costs. Some experts predict this year's Cyber Monday could set a spending record. Astrid Martinez reports.
Droughts could hurt the supply of Christmas trees
For some Christmas tree growers, Christmas will not be as cheerful or profitable a holiday. Droughts and an oppressive heat dome have damaged fir and spruce trees, especially in the southern U.S., and that impact could continue for years to come. Michael George reports.
Shoppers flock to malls over Thanksgiving weekend
While a large portion of holiday shopping now occurs online, malls across the U.S. were still busy with shoppers over Thanksgiving weekend, many of whom prefer the social experience of shopping in person. Elise Preston reports.
Americans projected to up spending over holidays
According to one survey, American shoppers are expected to spend 14% more this holiday season than they did in 2022, this despite inflation and high interest rates. Roxana Saberi has more.
More From CBS Evening News
More From CBS Evening News
Trump picks Pam Bondi for attorney general
President-elect Donald Trump has named Pam Bondi, Florida's former attorney general, as his new pick for attorney general after Matt Gaetz took himself out of the running. The former congressman's withdrawal followed weeks of intense scrutiny since he was named to be America's top law enforcement official. Ed O'Keefe reports.
DOJ targets Google's search engine monopoly
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
Stormy weather slams West Coast
Relentless rain was pummeling Northern California on Thursday, turning the normally sunny state into a soggy mess as the powerful storm front moved south after it earlier slammed the Pacific Northwest, knocking out power to hundreds of thousands of customers in Washington state. Rob Marciano has the latest.
"CBS Evening News" headlines for Nov. 21, 2024
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
Police report released in Pete Hegseth case
A police report that details a 2017 allegation of sexual assault against Pete Hegseth, President-elect Donald Trump's pick for defense secretary, was released Wednesday. In the report, a woman claims she was sexually assaulted by Hegseth in a Northern California hotel. Hegseth, who told police that the encounter was consensual, was on Capitol Hill on Thursday meeting with Senate Republicans in an effort to shore up their support for his expected nomination. Nikole Killion has more.
U.S.
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Pete Hegseth meets with GOP senators to secure support for expected nomination
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
Shohei Ohtani named NL MVP after record-setting Dodgers season
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
Yankees slugger Aaron Judge easily wins second AL MVP Award
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
Trump selects Pam Bondi for attorney general after Gaetz withdraws
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Nikki Haley criticizes Trump Cabinet picks Tulsi Gabbard, Robert F. Kennedy Jr.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
MoneyWatch
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Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Trump's proposed tariffs could raise U.S. grocery prices, analysis finds
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
BJ's Wholesale Club hikes membership fees for first time since 2018
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
Bezos denies Musk claim that the Amazon founder predicted Trump loss
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Here's where Elon Musk says his DOGE will aim to cut federal spending
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
Politics
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Pete Hegseth meets with GOP senators to secure support for expected nomination
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
Trump selects Pam Bondi for attorney general after Gaetz withdraws
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Nikki Haley criticizes Trump Cabinet picks Tulsi Gabbard, Robert F. Kennedy Jr.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
Bob Casey concedes Pennsylvania Senate race to Dave McCormick
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
Education secretary pick Linda McMahon named in WWE child sex abuse lawsuit
The suit claims McMahon and others at the WWE were aware of misconduct decades ago and negligent in failing to prevent it.
HealthWatch
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Life expectancy gap in the U.S. widens to 20 years: "Truly alarming"
Life expectancy in the United States varies by more than 20 years depending on race and ethnicity and where you live, according to new research.
RFK Jr. weighing FDA crackdown on food additives under Trump
Kennedy's team is weighing a significant rewrite of the FDA's rules.
Why the latest bird flu case has experts worried about pandemic potential
A new potential case of bird flu in a California child without known contact with infected animals is raising concerns about a potential pandemic. Dr. Céline Gounder explains what to know.
New cases of bird flu in U.S.
CBS News medical contributor Dr. Celine Gounder joins "CBS Mornings" to discuss the latest on bird flu as new cases raise alarms among health officials. There have been 53 confirmed human cases across seven states this year. Health officials in California are reporting a possible case in a child who had no known contact with an infected animal.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
World
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Former Brazilian President Bolsonaro indicted over alleged coup attempt
Former president Jair Bolsonaro and 36 other people were indicted for allegedly attempting a coup to keep him in office after his defeat in the 2022 elections.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Ancient amulet showing biblical king spearing devil is unearthed
The amulet was found during an ongoing excavation project in Hadrianopolis, an ancient city near Karabük, Turkey.
U.N. court ICC issues arrest warrants for Netanyahu and a Hamas leader
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Russia hits back after Ukraine's strike using U.S. long-range missiles
Dnipro bears the brunt of Moscow's first retaliatory strike after Ukraine fires U.S.-made missiles into Russia, and Ukraine claims Moscow may have used an ICBM.
Entertainment
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Connie Nielsen on returning to "Gladiator" after 24 years
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Shelby Lynne on how personal struggles and friendships impacted her music
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Malcolm Washington on "The Piano Lesson"
Making his feature directorial debut, Malcolm Washington brings August Wilson's Pulitzer-winning play to the screen with help from his father, Denzel Washington and siblings John David and Katia
Connie Nielsen on returning to "Gladiator"
Ahead of the sequel's release, Connie Nielsen joins "CBS Mornings" to talk about stepping back into the world of Ridley Scott's epic saga and her character's emotional journey.
Shelby Lynne on her journey and new album
After overcoming years of personal struggles, Grammy winner Shelby Lynne is back with her first album in years. She tells Anthony Mason why her return to recording came as a surprise, even to her.
Technology
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Technology
DOJ targets Google's search engine monopoly
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
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.
Bezos denies Musk claim that the Amazon founder predicted Trump loss
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Science
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Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Carcass of massive endangered whale washes ashore in Alaska
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Crime
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Mexican cartel leader who faked own death arrested in California
Cristian Fernando Gutierrez-Ochoa — the son-in-law of Jalisco New Generation cartel leader "El Mencho" — was arrested in Riverside, California, officials said.
Alleged New York Stock Exchange terror plot
The FBI has arrested a Florida man who's accused of plotting to bomb the New York Stock Exchange. CBS News New York reporter Allen Devlin has more.
Dad of 14-year-old accused in Georgia school shooting pleads not guilty
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
Man found guilty for Laken Riley murder
A judge on Wednesday found Jose Ibarra guilty on all 10 counts in the murder of University of Georgia student Laken Riley. Ibarra was sentenced to life in prison without the possibility of parole.
Capitol rioter with "kill list" convicted of plot to murder FBI agents
Edward Kelley distributed a "kill list" and videos containing images of FBI employees to another person as part of his "mission," prosecutors say.
Space
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Space
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
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Latest CBS News Videos
Iceland volcano erupts for 7th time in a year
"The electrical supply has been destroyed": For the seventh time in a year, a volcano has erupted in Iceland, spewing hot lava that has melted power lines and left Grindavik without electricity. The volcano erupted shortly after 10 p.m. on Nov. 20 when earthquakes shook the area near the volcano, bringing the fissure that has already been active throughout the year roaring back to life.
Trump picks Pam Bondi for attorney general
President-elect Donald Trump has named Pam Bondi, Florida's former attorney general, as his new pick for attorney general after Matt Gaetz took himself out of the running. The former congressman's withdrawal followed weeks of intense scrutiny since he was named to be America's top law enforcement official. Ed O'Keefe reports.
What does DOJ's Google proposal mean?
The Justice Department formally submitted a proposal to break up Google, calling for it to sell the Chrome web browser. Lawyers argue that the tech giant has too much power in the online search business as research shows Google controls about 90% of the search engine market. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Bob Casey concedes Pennsylvania Senate race
Democratic Sen. Bob Casey of Pennsylvania has conceded his Senate race to Republican challenger Dave McCormick. Pennsylvania would be another pick-up for the Republicans in the Senate. Assuming McCormick's lead holds, Republicans would control 53 seats to Democrats' 47.
Trump taps Pam Bondi for attorney general
President-elect Donald Trump has named former Florida Attorney General Pam Bondi as his new pick for U.S. attorney general after former Rep. Matt Gaetz announced he was withdrawing from consideration for the role. CBS News senior White House and political correspondent Ed O'Keefe has the details. Then, Tom LoBianco, national politics reporter and co-founder of 24sight news, joins with analysis.