U.S. stocks end lower for 3rd straight week, despite jobs numbers
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Employment
Job openings rose in July after 3 months of declines
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
U.S. stocks slump as investors continue to fret over Fed plans
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Nursing home uses robot to help dementia patients
Staffing shortages at nursing homes has forced some facilities to think outside the box. A Minnesota nursing home is using a robot to help residents with memory problems and keep them active. Omar Villafranca shares more.
Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Latest GDP figure eases concern about imminent U.S. recession
New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.
"Quiet quitting": A work revolution or the end of working hard?
A growing number of Americans say they're done going the extra mile for their employers. Some experts call that progress.
Eye on America: Homeless baby boomers and more
We look at why baby boomers are one of the fastest-growing groups to be homeless. Then, we dive into a pioneering effort to keep manatees thriving in their natural habitat. Watch these stories and more on “Eye on America” with host Michelle Miller.
Fed saw evidence of a slowing economy at its last meeting
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Jobless claims rise to new 8-month high
The number of Americans who signed up for unemployment benefits rose last week to 262,000 — the highest since November.
Stocks dip after strong jobs report offers mixed news for investors
New data on hot U.S. jobs market suggests Fed won't be reining in its aggressive rate hikes anytime soon.
Jobless claims at 8-month high as layoffs edge higher
Although the labor market is slowing, businesses around the U.S. still have millions of job openings. .
Job openings fall as the U.S. economy shrinks
American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.
Key inflation gauge jumped 6.8% in June as prices surged
"Consumer sentiment sure stinks but Americans nevertheless continue to increase their spending," said one economist.
SAP SuccessFactors: Unleash Human Potential at Work
Global cloud software for sustainable & profitable business
Job applicant discloses cancer diagnosis in interview
An applicant for a computer programming job was hired after disclosing in her first interview that she had cancer. The company's CEO said the applicant was the most inspiring person she's ever met. Dr. Jon LaPook shares more.
CBS Evening News, July 25, 2022
Thousands evacuate as California's Oak Fire explodes in size; Job applicant discloses cancer diagnosis in interview
Americans filing jobless claims at highest level in 8 months
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
U.S. jobless claims reach 235k, highest in nearly six months
While layoffs remain low, they've risen for five consecutive weeks to reach 235,000 in the week that ended.
Fed issues largest rate hike in decades
The Federal Reserve issued its largest interest rate hike in nearly three decades as it tries to slow the economy without causing a recession. Carter Evans has more on what that means.
Washington Post fires reporter at center of online battle
Felicia Sonmez triggered a vigorous debate on Twitter over social media policy and public treatment of colleagues.
Report: Office workers prefer hybrid jobs
According to a new report published by Jones Lang LaSalle, 69% of office workers believe hybrid work will be fundamental to retain the workforce in the future. Cynthia Kantor, the chief client and growth officer at Jones Lang LaSalle, joins CBS News' Elaine Quijano to discuss.
Layoffs hit 20-year low in April as job market stayed tight
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Carvana's mass Zoom firing draws criticism
Online car seller said it was unable to tell every worker in person and relied on Zoom for some firings.
Questions mount about cause of Kazakhstan plane crash
After the Azerbaijan Airlines jet crash, speculation mounted about why the plane went down and whether possible Russian air defense action may have played a role.
Storms, dense fog threaten holiday travel in parts of U.S.
Rain and high winds were expected roll through parts of Oregon and Washington, while fog settled over an area from Kansas City to Chicago.
What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Memorials mark 20 years since tsunami killed over 200,000
The day after Christmas in 2004, a 9.1 magnitude earthquake triggered tsunami waves that killed some 230,000 people across a dozen countries.
Jennifer Crumbley requests to be released from prison pending appeal
Crumbley's attorney, Michael Deszi, filed a motion in the Oakland County Circuit Court on Thursday, arguing that Crumbley is not a "flight risk" and "poses no danger to the public."
Baby found abandoned on street near Denver on Christmas morning, parents arrested
Two people have been arrested and are facing charges of felony child abuse after a one-month-old baby was discovered in the median of a road Christmas morning.
Marianne Williamson launches bid for DNC chair
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
"Baby Driver" actor Hudson Meek, 16, dies after falling from a moving vehicle
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
U.S.
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What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Storms, dense fog threaten holiday travel in parts of U.S.
Rain and high winds were expected roll through parts of Oregon and Washington, while fog settled over an area from Kansas City to Chicago.
Biden heads to St. Croix for final holiday as president
President Biden's final holiday in office will take place largely out of the public eye.
What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Marianne Williamson launches bid for DNC chair
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
MoneyWatch
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What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
The toy industry is bracing for the impact of Trump's promised tariffs
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Pet food brand issues recall over bird flu contamination
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Lawyers for ex-Abercrombie CEO say he has dementia, can't stand trial
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
Is anything open on Christmas Day? Here's what's open and closed.
Last-minute grocery items and gifts can be found on Christmas Day, but many retailers and chains may be closed today.
Politics
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Trump picks Miami-Dade commissioner as ambassador to Panama
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
Biden heads to St. Croix for final holiday as president
President Biden's final holiday in office will take place largely out of the public eye.
What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Marianne Williamson launches bid for DNC chair
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
Trial of man accused in Trump assassination attempt in Florida pushed back
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
HealthWatch
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HealthWatch
Why some children are turning to GLP-1 drugs
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
Pet food brand issues recall over bird flu contamination
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
FDA raises urgency of Costco egg recall
The FDA has raised the level of a Costco egg recall, warning of the risk of severe illness or death due to potential salmonella contamination. Over 10,000 cartons of Kirkland brand organic eggs sold at stores across the South are affected. Customers are urged to discard or return eggs marked with Julian code 327 and a use-by date of Jan. 5, 2025.
Expert tips to support your immune system
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
How to stay healthy during holiday gatherings
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
World
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What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Memorials mark 20 years since tsunami killed over 200,000
The day after Christmas in 2004, a 9.1 magnitude earthquake under the Indian Ocean triggered tsunami waves that killed some 230,000 people across a dozen countries.
Russia says 4 arrested in alleged bomb plots to kill senior Defense officials
The arrest announcement follows the death of Russia's Lt. Gen Igor Kirillov, who was killed on Dec. 17 by a bomb hidden on an electric scooter parked outside his apartment building.
Questions mount about cause of Kazakhstan plane crash
After an Azerbaijan Airlines jet crashed in Kazakhstan, speculation mounted about why the plane went down and whether possible Russian air defense action may have played a role.
What is Boxing Day? All about the celebration's origin and traditions
Boxing Day 2024 is here, but not all Americans understand the meaning of the holiday celebrated in countries like the U.K. and Canada.
Entertainment
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"Baby Driver" actor Hudson Meek, 16, dies after falling from a moving vehicle
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
Beyoncé's halftime show the highlight of a lackluster NFL Christmas slate
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Angel Blue on Met role debut in "Aida" and Opera journey
Angel Blue, who was recently named Classical Music's "Vocalist of the Year," is set to perform the title role in "Aida" at the Metropolitan Opera. Known for her Grammy-winning performances, Blue will take the stage in New York beginning on Dec. 31. She joins "CBS Mornings Plus."
Netflix carrying 2 NFL games on Christmas Day. It's a big step.
Netflix will have one of its biggest days Wednesday since the site launched in 1998 when it airs two NFL games for the first time.
Prosecutor drops appeal, ending case against Alec Baldwin in "Rust" shooting
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Technology
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Technology
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.
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.
Holiday shoppers on the lookout for big TVs
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Health care AI, intended to save money, requires expensive humans
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Science
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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.
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.
Crime
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3 shot, 1 stabbed in Christmas night dispute at Phoenix airport, police say
Gunfire at Phoenix Sky Harbor International Airport on Christmas night left three people wounded, police say. Another was stabbed. One was in critical condition.
Prison guard dead after Christmas morning assault by inmate, officials say
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
Backpacks full of $1.1 million worth of cocaine found near Canada border
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
"Desperate" killer who escaped from Mississippi prison is recaptured
Authorities in Mississippi say a "desperate" and "very dangerous" convicted murderer, Drew Johnson, is back in custody after escaping from prison Tuesday.
Former Philadelphia Eagles running back pleads guilty to fraud charges
Former Philadelphia Eagles running back Wendell Smallwood Jr. pleaded guilty to federal fraud charges.
Space
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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.
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.
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
Latest Trump comments on foreign policy
President-elect Donald Trump's comments about annexing Canada and taking on Greenland and the Panama Canal are reverberating across the world. On social media, Trump also denounced President Biden's decision to commute the sentences for dozens of federal inmates on death row. CBS News' Taurean Small reports.
Travel, harsh weather impacts millions
Storms in the Pacific Northwest and in states around the South and the Midwest could affect Americans traveling for the holidays. CBS News' Skyler Henry has the latest travel update from Atlanta, Georgia. Also, CBS News Bay Area meteorologist Jessica Burch breaks down the latest weather forecast.
New details on Kazakhstan plane crash
It's not yet clear how a plane traveling from Azerbaijan's capital of Baku crashed while trying to land in western Kazakhstan. This comes as questions emerge about Russia's involvement in the incident. CBS News' Chris Livesay reports.
Dec 26: CBS News 24/7, 1pm ET
38 killed in Kazakhstan plane crash; Beyoncé performs NFL halftime show
Bad weather expected for West Coast and Texas
Severe storms with the threat of isolated tornadoes and large hail are set to pick up in Texas Thursday afternoon, potentially causing major travel delays. Meanwhile, an atmospheric river is expected to bring heavy rain and snow to the Pacific Northwest. CBS News Philadelphia meteorologist Grant Gilmore has a look at the forecast.