Stock market dips amid tech stock selloff
The U.S. stock market took a significant dip on Friday, fueled by a selloff in tech stocks. CBS News contributor Javier David breaks it down and looks ahead to 2025.
Nasdaq
Why are prices still stubbornly high?
The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists' expectations. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Albertsons sues Kroger after merger blocked
Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. Albertsons is also suing the rival grocery chain, claiming Kroger willfully breached the merger agreement. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
New Texas-based stock exchange looks to take on Nasdaq, NYSE
TXSE Group aims to launch by 2026.
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Why cocoa prices are soaring to record levels
Higher cocoa prices are hitting chocolate lovers' wallets. CBS News reporter Taurean Small explains what's driving the increase, and what chocolate brands are doing to adapt.
Trump Media warns Nasdaq about "potential market manipulation" of its stock
Trump Media & Technology Group sent a letter to Nasdaq warning that so-called "naked" short selling could be impacting its stock.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Trump's Truth Social platform shares soar
Shares of former President Donald Trump's Truth Social rose 16% after the first day of trading on the Nasdaq exchange Tuesday. CBS News campaign reporter Jake Rosen has more on the publicly traded company.
Trump's Truth Social soars in first day of trading
Former President Donald Trump's Truth Social began trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again. CBS News' Lilia Luciano has more.
Stock market soars to record highs
The tech-centric Nasdaq is closing at a new high, driven by enthusiasm for artificial intelligence. This milestone marks its first record peak since 2021.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Dow jumps 520 points as investors cheer inflation slowdown
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
A look at Instacart's stock market debut
San Francisco-based grocery delivery company Instacart made its Nasdaq debut on Tuesday, closing at about a 12% gain. Natalie Lung, a technology reporter for Bloomberg, joins CBS News to discuss Instacart's transition to a public company.
Biden economic adviser on credit downgrade
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
Economic impact of excessive heat
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
What's closed and what's open on Juneteenth 2023
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Jimmy Carter, former president and Nobel Peace Prize winner, dies at age 100
Former President Jimmy Carter built a legacy as a tireless champion for peace.
Trump endorses Mike Johnson for speaker
President-elect Donald Trump said Johnson has his "complete and total endorsement."
Jimmy Carter's state funeral to be held on Jan. 9
The state funeral for former President Jimmy Carter will be held in Washington on Jan. 9, 2025, according to a presidential declaration by President Biden.
The top 10 uplifting news stories of 2024
2024 was filled with breaking political news, international and domestic conflicts and world-changing events – but there was also heartwarming and good news. Here are the top 10 uplifting news stories of 2024.
9 million workers are getting a raise on January 1. Here's where.
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers.
U.S. sends more aid to Ukraine, likely last tranche of Biden's administration
President Biden said the U.S. will "work relentlessly" to strengthen Ukraine during his final days in office.
After deadly crash, South Korea orders inspections of all Boeing 737-800 jetliners
South Korean officials ordered safety inspections of all Boeing 737-800 aircraft operated by the country's airlines as they seek to determine what caused a plane crash that killed 179 people a day earlier.
Linda Lavin, star of sitcom "Alice" and Tony Award winner, dies at 87
Linda Lavin, a Tony Award-winning stage actress who became a working class icon as a paper-hat wearing waitress on the TV sitcom "Alice," has died. She was 87.
Finnish police report massive clue in suspected undersea cable sabotage
Police in Finland probing damage to undersea cables say a shadowy Russia-linked ship may have dragged its anchor for more than 60 miles.
U.S.
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Trump endorses Mike Johnson for speaker
President-elect Donald Trump said Johnson has his "complete and total endorsement."
Cappuccino Meltaway Bars sold nationwide recalled due to tree nuts
Gardners Candies warns that recalled Meltaway Bars product may contain undeclared cashews, a health risk for people with tree nut allergies.
U.S. sends more aid to Ukraine, likely last tranche of Biden's administration
President Biden said the U.S. will "work relentlessly" to strengthen Ukraine during his final days in office.
Jimmy Carter's state funeral to be held on Jan. 9
The state funeral for former President Jimmy Carter will be held in Washington on Jan. 9, 2025, according to a presidential declaration by President Biden.
Tips sought after ancient engraving damaged in Utah
The Pregnant Sheep panel is one of many invaluable prehistoric rock art sites in Utah that document the ancient cultural heritage of Indigenous tribes.
MoneyWatch
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Cappuccino Meltaway Bars sold nationwide recalled due to tree nuts
Gardners Candies warns that recalled Meltaway Bars product may contain undeclared cashews, a health risk for people with tree nut allergies.
9 million workers are getting a raise on January 1. Here's where.
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers.
Book excerpt: "The Hidden Globe: How Wealth Hacks the World" by Atossa Araxia Abrahamian
The journalist-editor explains how special economic zones, tax havens, and free ports are carving up the planet for the highest bidders – and leaving millions of people worse off.
Big Lots reaches deal to keep hundreds of U.S. stores open
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
Janet Yellen tells Congress that U.S. could hit debt limit in mid-January
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
Politics
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Trump endorses Mike Johnson for speaker
President-elect Donald Trump said Johnson has his "complete and total endorsement."
U.S. sends more aid to Ukraine, likely last tranche of Biden's administration
President Biden said the U.S. will "work relentlessly" to strengthen Ukraine during his final days in office.
Jimmy Carter's state funeral to be held on Jan. 9
The state funeral for former President Jimmy Carter will be held in Washington on Jan. 9, 2025, according to a presidential declaration by President Biden.
Read Trump's statements on Jimmy Carter's death
After Jimmy Carter's death Sunday at the age of 100, President-elect Donald Trump said "we all owe him a debt of gratitude."
Biden praises Carter as example of "simple decency"
Jimmy Carter, the 39th president and the longest-living president in U.S. history, died Sunday at his home in Plains, Georgia, surrounded by family.
HealthWatch
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Cappuccino Meltaway Bars sold nationwide recalled due to tree nuts
Gardners Candies warns that recalled Meltaway Bars product may contain undeclared cashews, a health risk for people with tree nut allergies.
"We should have learned our lesson from COVID" for bird flu testing, Dr. Leana Wen says
"I feel like we should've learned our lesson from COVID, that just because we aren't testing doesn't mean the virus isn't there," Dr. Leana Wen said.
Norovirus is surging in parts of the U.S. this winter, CDC data show
Data from the Centers for Disease Control and Prevention show cases of norovirus, the highly contagious stomach bug, are surging in parts of the U.S.
How horses can help mental and physical health
Horse-powered therapy at the Legacy Ranch outside of Chicago has helped people with mental, occupational and physical challenges on their road to recovery. Charlie De Mar reports on how the ranch is literally and physically getting folks back on the horse.
FDA wants new testing to detect asbestos in products with talc
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
World
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Shark kills tourist, injures another off Egypt's Red Sea coast
The Red Sea is a major tourist destination whose marine life make it popular with divers.
Israel faces calls to free Gaza hospital chief held as Hamas suspect
Israeli forces raided northern Gaza's last hospital and detained its director as a purported Hamas suspect. U.N. officials say he must be freed immediately.
Truck carrying wedding guests plunges into a river, killing dozens
An Ethiopian hospital director says at least 66 people have died after a truck packed with wedding guests plunged into a river.
7 tons of cocaine found buried underneath farm, video shows
Police said they launched the operation when they detected two suspicious speedboats in the area.
Finnish police report massive clue in suspected undersea cable sabotage
Police in Finland probing damage to undersea cables say a shadowy Russia-linked ship may have dragged its anchor for more than 60 miles.
Entertainment
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Linda Lavin, star of sitcom "Alice" and Tony Award winner, dies at 87
Linda Lavin, a Tony Award-winning stage actress who became a working class icon as a paper-hat wearing waitress on the TV sitcom "Alice," has died. She was 87.
The Book Report: Ron Charles on the best books of 2024
The Washington Post book reviewer offers his picks for some of "the best of the best" fiction and non-fiction of the year.
The Book Report: Ron Charles on the best books of 2024
The Washington Post book reviewer offers his picks for some of "the best of the best" fiction and non-fiction of the year.
Top movies of 2024
"Sunday Morning" checks out the top-grossing films of the past year.
Nikki Glaser takes on the Golden Globes
The comedian, who will host the Golden Globes on January 5, says she thrives on anxiety.
Technology
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Technology
Trump seeks pause of possible TikTok ban
President-elect Donald Trump asked the Supreme Court Friday to pause a potential U.S. ban on TikTok from taking effect. In his brief, he said he said he wants to delay the ban in order to give time for his incoming administration to "pursue a negotiated resolution."
ChatGPT recovers after being hit by outages, OpenAI says
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
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 features dominating tech heading into 2025
New artificial intelligence features appeared across the tech landscape this year, from the latest iPhone to chatbots like Google's Gemini. Adam Auriemma, the editor-in-chief at CNET, joins CBS News 24/7 with more.
Researchers develop robot to help people walk
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
Science
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New species, including "blob-headed" fish, identified across world in 2024
Hundreds of new species across the globe were identified by scientists in 2024.
California's mandatory clothing recycling program
Americans throw away billions of pounds of used clothes every year. But now, California is the first state to hold textile companies responsible for their products from start to finish. CBS News' Danya Bacchus explains.
These space missions will take off in 2025
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Orca who carried her dead calf for 17 days has a new baby
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
2,600-year-old shipwreck is raised from waters off Spain
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
Crime
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7 tons of cocaine found buried underneath farm, video shows
Police said they launched the operation when they detected two suspicious speedboats in the area.
Chinese teen gets life sentence for classmate's "particularly cruel" murder
A court in China has sentenced a teen boy to life in prison for murdering his classmate, capping a case that sparked debate over the treatment of juvenile offenders.
15 bodies found in Mexican region plagued by drug cartel violence
Mexico's cartel-related violence is concentrated in or along drug trafficking routes, borders and ports of entry.
How a Texas mom became a witness in her own death investigation
Prosecutors believed Maria Muñoz's death was suspicious, but they weren't sure if she had died by suicide, from an accidental overdose or if she had been murdered.
Texas jeweler killed in targeted hit involving son, daughter-in-law
Nick Shaughnessy and two hit men were sentenced to 35 years, Jackie Edison served 120 days for their roles in the murder of affluent jeweler Ted Shaughnessy, and the attempted murder of his wife Corey.
Space
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NASA spacecraft safe after historic closest-ever approach to sun
NASA's Parker Solar Probe hurtled through the sizzling solar atmosphere and passed within a record-breaking 3.8 million miles of the sun's surface.
These space missions will take off in 2025
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
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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.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
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.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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.
Latest CBS News Videos
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Some Big Lots stores will remain open
Inflation and high interest rates contributed to the Big Lots' bankruptcy, but a deal with Gordon Brothers Retail Partners will keep hundreds of stores open. CBS News contributor Javier E. David has more.
Deadly storms in Texas, Georgia
Tornadoes and large hail slammed the south of the U.S. At least four deaths have been reported after the storms. CBS News' Jason Allen has more, and CBS News Philadelphia meteorologist Andrew Kozak has the latest weather forecast.
Jimmy Carter adviser talks about his legacy
Ambassador Stuart E. Eizenstat was chief White House domestic policy adviser during former President Jimmy Carter's administration. He spoke with "CBS Mornings" about Carter's legacy in the White House, his post-presidency work and their longtime friendship.
Susan Zirinsky reflects on Jimmy Carter's life
As a White House producer in the 1970s, CBS News' Susan Zirinsky had a front-row seat to Jimmy Carter's presidency. She joins "CBS Mornings Plus" to share her memories and insights on his impact.
How to teach kids the value of helping others
Meg George, author of "What's Philanthropy to Philomena?" joins "CBS Mornings Plus" to discuss how families can teach children the importance of giving back and making a difference for others.