Markets rally in another topsy-turvy day on Wall Street
Wall Street analysts expect the central bank this week to signal that it will raise interest rates starting in March.
Dow Jones
Dow rallies after falling more than 1,000 points
Fears about rising tensions over Ukraine and the Federal Reserve's plan to curb inflation sent the markets into a free fall for much of the day. But the Dow and SP 500 rebounded by the end of the day, closing in positive territory.
Stock markets end up after wild trading day
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
Stocks rebound after entering "correction" territory
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.
Stocks sink after vaccine maker expresses Omicron concerns
Investors weighing potential impact of the new COVID-19 variant and the Fed chief's change of tune about rising prices.
Stock market rebounds as investors weigh Omicron's impact
U.S. stock markets made up half their losses from Friday, the worst trading day in nine months.
Dow plunges 900 points on new COVID-19 variant fears
Concerns about the new variant are spurring a stock sell-off, as some European countries impose flight restrictions.
New jobless claims rise as coronavirus surges
There was another increase in new unemployment claims last week, as the coronavirus pandemic continues to head in the wrong direction. Feeding America predicts over 50 million Americans will have faced hunger by the end of the year. Mark Hamrick, senior economic analyst at Bankrate, joins CBSN to discuss the state of the economy.
Dow Jones hits milestone of 30,000
The Dow Jones Industrial Average surpassed 30,000 points for the first time in the history of the blue-chip index. Stocks pushed higher as Pennsylvania certified President-elect Joe Biden's win in that state and investors cheered the White House's moves to pave the way for President Trump's exit from the Oval Office. CBS News' Laura Podesta reports.
Stocks rally in early trading on Election Day
Stocks jumped as Americans headed to the polls on Election Day. The S and P 500 gained 2.3% in morning trading, heading for a second straight day of gains. Melissa Armo, founder and owner of The Stock Swoosh, joins CBSN to explain what the latest numbers mean and how a contentious election could affect them.
Oil prices crash as economic fallout widens
The Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
Where are the financial markets going?
Stocks fell on Tuesday, marking the end of a volatile March. The coronavirus pandemic has caused major market swings. Melissa Armo, CEO and founder of The Stock Swoosh, joined CBSN at the end of the trading day to talk about what we're seeing on Wall Street.
Markets open up after coronavirus volatility
Stocks opened up Monday after a week of extreme volatility. Melissa Armo, C.E.O. and founder of The Stock Swoosh, joined CBSN to talk about what we're seeing on Wall Street.
Stocks drop after Senate fails to pass coronavirus aid
Wall Street is looking to Washington to act as economic activity collapses around the country.
Wall Street ends worst week since 2008 crisis
The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. Jill Schlesinger joins “CBS This Morning: Saturday” to break down the latest financial information.
Senate debates $1 trillion relief bill
The Dow tumbled more than nine hundred points to end Wall Street's worst week since 2008. It's on pace for its worst month since 1931. Kris Van Cleave reports.
Stocks lose 80% of Trump Bump since 2016 election
The S&P 500 is now up just 6% since Mr. Trump was inaugurated a little over three years ago in January 2017.
Dow jumps 9% after brutal week
The stock markets ended a brutal week on a positive note. The Dow bounced back by nearly 2,000 points, picking up more than 9% on Friday. CBS News business analyst Jill Schlesinger reports.
Economist: Coronavirus recession "likely"
The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days -- its fastest slide since 1931. Greg Ip, the Wall Street Journal's chief economics commentator, said a recession is "likely." He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on "CBS This Morning."
The 11-year bull market is dead. Here's what a bear market means
The historic run-up in stocks that followed the Great Recession is over —stay calm, investment pros say.
Markets see historic losses over coronavirus
The Dow Jones industrial average saw its biggest one-day drop in history over stock markets’ coronavirus panic, though investor optimism due to the Trump administration’s economic proposals helped lift world markets overnight. Nikki Battiste is at the New York Stock Exchange to report on whether the optimism is still helping numbers recover.
Lawmakers self-quarantine over virus fears
The Dow Jones Industrial Average on Monday saw its worst trading day since 2008 thanks to an oil price war and fears of the spread of coronavirus across the world. Associated Press White House reporter Jill Colvin, Wall Street Journal congressional reporter Natalie Andrews and New York Times Federal Reserve and economic reporter Jeanna Smialek spoke to CBSN's "Red & Blue" about the unfolding situation in Washington.
3 market-panic signals point to global recession
Plunges in stock, bond and oil markets are all flagging a significant drop in economic activity.
Stocks renew slide on concerns of severe coronavirus hit
U.S. financial markets are slumping, with some economists forecasting a major blow to domestic growth.
Stock markets rally on Biden's Super Tuesday stomp
Dow soars more than 900 points, as investors cheer Biden's primary wins and U.S. government efforts to stem pandemic.
German authorities had received tipoffs about Christmas market attack suspect
Police in Magdeburg, Germany, said Sunday that those who died were four women aged 45, 52, 67 and 75, as well as a 9-year-old boy.
Poll: Most Americans think government is hiding information about drones
Over half of Americans see the drones that have been spotted over the East Coast as a threat to the U.S.
Mayorkas "alarmed" by social media rhetoric on UnitedHealthcare CEO killing
UnitedHealthcare CEO Brian Thompson was gunned down in New York earlier this month, and there has been some celebration on social media of the suspected killer.
Winter weather interrupts some holiday weekend travel
Record holiday travel is expected in the U.S. this year, with the weekend before Christmas projected to be one of the busiest times for transit.
Rickey Henderson, MLB Hall of Famer, dies at 65
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Why drone hysteria has taken off
Alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones.
2 U.S. Navy pilots eject safely when jet shot down by likely "friendly fire"
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
Kari Lake says she has no intention of turning Voice of America into "Trump TV"
Kari Lake, a former broadcast journalist who unsuccessfully ran for governor and for a U.S. Senate seat in Arizona, is President-elect Donald Trump's selection to lead Voice of America.
The story of Handel's "Messiah"
Since its premiere in 1742, George Frideric Handel's 3.5-hour oratorio for chorus, soloists and orchestra has become a timeless message of hope, and a Christmas tradition.
U.S.
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 15, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Homeland Security Secretary Alejandro Mayorkas and Sen. Joe Manchin join Margaret Brennan.
Winter weather interrupts some holiday weekend travel
Record holiday travel is expected in the U.S. this year, with the weekend before Christmas projected to be one of the busiest times for transit.
Mayorkas "alarmed" by social media rhetoric on UnitedHealthcare CEO killing
UnitedHealthcare CEO Brian Thompson was gunned down in New York earlier this month, and there has been some celebration on social media of the suspected killer.
Why drone hysteria has taken off
Alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones.
Poll: Most Americans think government is hiding information about drones
Over half of Americans see the drones that have been spotted over the East Coast as a threat to the U.S.
MoneyWatch
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Party City files for bankruptcy, a day after announcing mass layoffs
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Senate approves bill to expand Social Security to millions of Americans
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
How much more will it cost to heat your home this winter?
Here's what's driving up home heating costs, and how much families are expected to spend this winter.
IRS sending up to $1,400 to 1 million people. Here's who qualifies.
The IRS said it's sending out checks worth up to $1,400 to 1 million people. Here's what to know about the "special payments."
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 15, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Homeland Security Secretary Alejandro Mayorkas and Sen. Joe Manchin join Margaret Brennan.
Transcript: Roger Carstens on "Face the Nation with Margaret Brennan," Dec. 22, 2024
The following is a transcript of an interview with Roger Carstens, special presidential envoy for hostage affairs, on "Face the Nation with Margaret Brennan" that aired on Dec. 22, 2024.
Transcript: Sen. Joe Manchin on "Face the Nation with Margaret Brennan," Dec. 22, 2024
The following is the full transcript of an interview with Sen. Joe Manchin, independent of West Virginia, on "Face the Nation with Margaret Brennan" that aired on Dec. 22, 2024.
Transcript: Rep. French Hill, Republican of Arkansas, on "Face the Nation with Margaret Brennan," Dec. 22, 2024
The following is a transcript of an interview with Rep. French Hill, Republican of Arkansas on "Face the Nation with Margaret Brennan" that aired on Dec. 22, 2024.
Transcript: Rep. Tony Gonzales on "Face the Nation with Margaret Brennan," Dec. 22, 2024
The following is a transcript of an interview with Rep. Tony Gonzales, Republican of Texas, on "Face the Nation with Margaret Brennan" that aired on Dec. 22, 2024.
HealthWatch
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HealthWatch
CDC releases concerning new flu numbers
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
A teen's misdiagnosis led to medication, but surgery led to a cure
Isaac Klapper was 10 years old when he started having episodes of what doctors initially thought was a movement disorder.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Stuffing stockings with skincare? Here's what kids should and shouldn't be using
Skin care is all the rage for teens and tweens these days, but be careful not to give products that could cause more harm than good.
He went in for a colonoscopy. The hospital charged $19,000 for two.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
World
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Israeli settlements, and the expanding divide of settlers and Palestinians
Today, upwards of 700,000 Israelis live in settlements which the U.N. calls illegal. "Sunday Morning" talks with two settlers and with Palestinians in the West Bank living on opposite sides of an Israeli security barrier.
German authorities had received tipoffs about Christmas market attack suspect
Police in Magdeburg, Germany, said Sunday that those who died were four women aged 45, 52, 67 and 75, as well as a 9-year-old boy.
2 U.S. Navy pilots eject safely when jet shot down by likely "friendly fire"
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
Pope Francis tells Vatican staff to stop gossiping in Christmas speech
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
At least 38 dead after crash between a passenger bus and a truck in Brazil
In 2024, more than 10,000 people died in traffic accidents in Brazil, according to the Ministry of Transportation.
Entertainment
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Entertainment
"Christmas Dance" by Darren Criss
In this web exclusive, Darren Criss and the Young People's Chorus of New York City help "Sunday Morning" celebrate the holiday in a performance of Criss' "Christmas Dance."
Holiday music with Darren Criss: "Have Yourself a Merry Little Christmas"
Darren Criss, the beloved star of television's "Glee," and the Broadway musical "Maybe Happy Ending," helps "Sunday Morning" celebrate Christmas with a performance of the Hugh Martin-Ralph Blane standard, "Have Yourself a Merry Little Christmas."
Music with Darren Criss: "Happy Holidays/The Holiday Season"
Darren Criss (the beloved star of television's "Glee," and the Broadway musical "Maybe Happy Ending") and the Young People's Chorus of New York City help "Sunday Morning" celebrate Christmas with a performance of "Happy Holidays/The Holiday Season."
Darren Criss on counting his lucky stars
Darren Criss became a fan favorite on the hit TV series "Glee," and won an Emmy for "American Crime Story." Now he's starring in the acclaimed musical "Maybe Happy Ending." He talks about his road to Broadway, and his credo that "Life is a cabaret."
Darren Criss on "Maybe Happy Ending"
Darren Criss became a fan favorite on the hit TV series "Glee," and won an Emmy for "American Crime Story." Now he's starring in the acclaimed musical "Maybe Happy Ending." He talks with correspondent Kelefa Sanneh about his road to Broadway, his blessings and losses, and his credo that "Life is a cabaret."
Technology
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Why drone hysteria has taken off
Alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones.
Why drone hysteria has taken off
By most accounts, alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in just the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones. Correspondent Tom Hanson reports.
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.
Supreme Court agrees to hear case about TikTok ban
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Teen victim of deepfake porn urges Congress to pass "Take It Down Act"
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
Science
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What to know about the winter solstice, 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
Class-action lawsuit over plastic recycling
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Americans coexisted with 4-ton sloths for millennia, research shows
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
EPA tackling pollution in at-risk communities
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
Crime
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Who killed JonBenét Ramsey? Her dad believes DNA could reveal killer
A look back at how "48 Hours" covered the 1996 Christmastime murder of JonBenét Ramsey in 2002, and what her father John Ramsey says about the unsolved Colorado case nearly 28 years later.
Will convicted wife killer Scott Peterson get a new trial?
After California man's death sentence is overturned, there's a renewed push to clear him.
Several hurt after driver plows through Texas mall; suspect killed by police
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
CEO killing sparks concerns about extremism
Luigi Mangione, now held in a New York City lock-up, could face the death penalty if convicted of the shooting death of UnitedHealthcare CEO Brian Thompson. The killing is sparking new concerns about violent extremism bubbling across the country.
Dozens injured in Germany Christmas market attack
At least two people are dead and dozens more injured after a vehicle plowed into a crowd at a Christmas market in Magdeburg, Germany. Authorities say the driver of the car was arrested and that it appears to be a deliberate attack. Elaine Cobbe has details.
Space
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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.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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.
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.
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
Biden's hostage envoy "stunned" by number of Assad prisons
Roger Carstens, the White House special presidential envoy for hostage affairs, speaks to "Face the Nation with Margaret Brennan" from Jordan after he traveled to Syria to seek information on Austin Tice. While in Syria, he said he was "stunned" by the number of prisons that were operating under the Assad regime, making it that much harder to find Tice.
Manchin: Senate will not "let the filibuster blow apart"
Sen. Joe Manchin of West Virginia, a former Democrat turned independent who is retiring in January, tells "Face the Nation with Margaret Brennan" that despite the incoming Republican majority in the Senate, he believes both parties are "not going to let the filibuster blow apart." Manchin supports keeping the filibuster in place, despite having backed reconciliation for the Inflation Reduction Act, a key Biden administration bill.
Hill: GOP "united" behind Trump's border and energy agenda
GOP Rep. French Hill of Arkansas tells "Face the Nation with Margaret Brennan" that despite 34 Republicans voting against Speaker Mike Johnson's own continuing resolution to fund the government, he believes his party in both Houses of Congress are "united" behind President-elect Donald Trump's border and energy agenda.
DHS Secretary: "Irresponsible politics" killed immigration solution
Biden administration Department of Homeland Security Secretary Alejandro Mayorkas tells "Face the Nation with Margaret Brennan" that the White House turned to Congress for a solution to the immigration surge, but "looking back now in hindsight, in 2020 if we had known that irresponsible politics would have killed what was clearly a meritorious effort and a meritorious result, perhaps we would have taken executive action more rapidly."
Gonzales: "It feels as if Elon Musk is our prime minister"
Republican Rep. Tony Gonzales of Texas tells "Face the Nation with Margaret Brennan" that the chaos that followed Elon Musk's intervention after a deal had been reached to avert a government shutdown makes it feel "as if Elon Musk is our prime minister," despite that Musk is not an elected official.