Investors are taking cover as economic concerns grow
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
Watch CBS News
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.
Markets opened Thursday with the Dow dropping more than 500 points after the opening bell as countries and businesses continue to grapple with President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
According to a new survey from financial service company Empower, Gen Z Americans believe it takes a salary of $588,000 to be considered financially successful. That's more than double the figure from other generations. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the findings.
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.
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.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
The markets are reacting to former President Donald Trump's presidential election win after his 2024 race against Vice President Kamala Harris. CBS News business analyst Jill Schlesinger has more.
Stocks and cryptocurrency prices set to power higher after Donald Trump wins U.S. presidential election.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
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.
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.
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.
The Dow Jones Industrial Average tumbled more than 1,000 points Monday as stock markets worldwide dropped over fears of a downturn in the U.S. economy. CBS News contributor J.D. Durkin breaks down the latest numbers.
The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.
U.S. markets are taking a hit Monday with the Dow falling over 1,000 points to start the day and semiconductor stocks like Nvidia and Intel dipping over 7%. Overseas, Japan's market had the worst day in its history, dropping over 12%. CBS News contributor J.D. Durkin has more.
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.
Two major stock indexes, the S&P 500 and Dow Jones Industrial Average, are up over 15% compared to a year ago. Financial analysts point to this as an example of the U.S. economy's health, but the benefits are not accessible to all Americans. CBS News' Lindsey Reiser explains.
Wall Street Journal reporter Evan Gershkovich, who was arrested in Russia for espionage charges, appeared in court Wednesday for his trial. The State Department called Gershkovich "wrongfully detained," affirming the U.S. is seeking his release. Jason Conti, the general counsel and executive vice president for Dow Jones, the company that owns The Wall Street Journal, joins CBS News with more.
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
Markets stem losses as Trump says Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
Investigators are searching a New Mexico ranch where Jeffrey Epstein once entertained guests, amid allegations that it may have been used for sexual abuse and sex trafficking.
Marjorie Taylor Greene's seat in Congress has been vacant since her resignation in January, but voters in Georgia could choose her replacement during Tuesday's special election.
Two men from Pennsylvania are facing federal charges for the incident. Video captured someone yelling "Allahu Akbar" just as a protester threw an "ignited device" during an anti-Islam demonstration in New York City.
Wyoming Gov. Mark Gordon has signed legislation banning abortions after embryotic cardiac activity can be detected, but a court challenge is likely.
The office that polices attorney misconduct in Washington, D.C., has filed ethics charges against Justice Department pardon attorney Ed Martin.
Investigators are searching a New Mexico ranch where Jeffrey Epstein once entertained guests, amid allegations that it may have been used for sexual abuse and sex trafficking.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Three leaders from the Delta Tau Delta fraternity were arrested on suspicion of hazing after the death of Colin Daniel Martinez.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Shortly after all JetBlue flights were grounded by the FAA due to what the agency said was a JetBlue request, the carrier said it had resumed operations.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
After a sharp drop in early trading, stocks recovered part of those losses as oil prices fell back below $100.
The office that polices attorney misconduct in Washington, D.C., has filed ethics charges against Justice Department pardon attorney Ed Martin.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Marjorie Taylor Greene's seat in Congress has been vacant since her resignation in January, but voters in Georgia could choose her replacement during Tuesday's special election.
Wyoming Gov. Mark Gordon has signed legislation banning abortions after embryotic cardiac activity can be detected, but a court challenge is likely.
Two Democrats with potential presidential ambitions — Govs. Gavin Newsom and Andy Beshear — are weighing in on the U.S.-Iran war and criticizing President Trump's strategy, as the conflict overtakes the foreign policy debate.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Markets stem losses as Trump says Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
Former Brazil forward Hulk was among the players sent off following the violence that lasted more than a minute.
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
A woman has been arrested for allegedly firing several shots Sunday at the Beverly Hills home of pop music star Rihanna. CBS News Los Angeles' Tina Patel reports.
Live Nation, the parent company of Ticketmaster, has agreed to pay $280 million in civil penalties to 40 states that sued the company on antitrust grounds. As part of the settlement, Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers, multiple sources told CBS News. Yasmin Khorram, economic policy reporter for Politico, joined CBS News to discuss.
Matthew Fox, who starred in the hit series "Lost," talks about being part of the cast for the new Paramount+ show "The Madison." He describes how he relates to his character, why he decided to return to Hollywood and working with Kurt Russell again.
Daryl Hannah, who dated John F. Kennedy Jr. in the 1990s, criticized the series "Love Story" and its portrayal of her. The FX series is about JFK Jr. and Carolyn Bessette, focusing on their courtship and marriage, which began after Kennedy's relationship with Hannah. In The New York Times, Hannah said the portrayal of her is "not even remotely accurate."
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
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.
In this web exclusive, Tim Cook, the CEO of Apple, talks with "Sunday Morning" correspondent David Pogue (author of "Apple: The First 50 Years") to discuss the company's first half-century and its constant focus on "the next thing." He also talks about the vision of Steve Jobs, whose return to Apple in 1997 reinvigorated the company.
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
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.
Police identified Ivanna Ortiz, 35, as the individual accused of opening fire on Sunday outside of Rihanna's Beverly Hills home with an AR-15-style assault rifle. The Florida woman is now facing attempted murder charges. Carter Evans reports.
More than a year after the Alexander brothers were first arrested on charges including sex trafficking, a jury found the trio guilty of all 10 counts against them. During the trial, the jury heard from 11 women who accused the brothers of rape or sexual assault.
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
A Georgia community is in mourning after a beloved teacher died during an alleged student prank gone wrong. CBS News correspondent Elaine Quijano reports.
Charges have been announced against two men after an explosive device was ignited outside New York City Mayor Zohran Mamdani's residence over the weekend. CBS News' Anna Schecter has more.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
A CBS News investigation found that four years after California vowed to stamp out fraud, many hospices with red flags remain in business. According to the U.S. Department of Health and Human Services Office of the Inspector General, suspected Medicare hospice fraud totaled almost $200 million nationwide in 2023. Adam Yamaguchi reports.
Georgia voters in the state's 14th congressional district head to the polls Tuesday for a special election to replace Rep. Marjorie Taylor Greene, who left Congress in January. Tia Mitchell, the Washington bureau chief for the Atlanta Journal-Constitution, joins with more.
The U.S. is considering a special operation in Iran to take control of the country's nuclear stockpile, Axios reports. CBS News contributor Elliot Ackerman, a former CIA officer and Marine Corps veteran, joins to discuss.
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Iran continues to launch more missiles and drones into neighboring countries, vowing it will not back down. According to the country's regime, more than 1,300 Iranian civilians have been killed in the war. CBS News got rare access inside Iran as the death toll rises. Holly Williams reports.