Stocks end sharply lower after rally evaporates
Jump in count of available jobs sparks pullback, with Apple's fade contributing to Wall Street's decline
Federal Reserve
Nasdaq back in black for 2015; Dow up nearly 400 pts
The broad-based rally came after the Labor Day holiday, with sentiment also bolstered by deal activity
Stocks plunged as investors wait to see if the Federal Reserve will raise interest rates later this month
Stocks plunged as investors wait to see if the Federal Reserve will raise interest rates later this month. Also, Toyota is joining forces with Stanford University and MIT to try to phase out human drivers. Hena Daniels reports on the day's top MoneyWatch headlines.
The jobs report leaves Wall Street in a bind
The lower jobless rate means the Fed is sure to hike rates in September, or does it? Unsure, investors are selling
Why the jobs report could affect Americans' finances
Analysts have forecast that employers produced a healthy increase of 220,000 jobs last month
The Fed sees a growing U.S. economy
Its latest "Beige Book" reports improving conditions across the U.S., but China's slowdown is having an impact
Does Friday's job report really hold the answers?
Conventional wisdom says it's key to the Fed's interest rate decision at its next meeting, but not all economists are of that mind
World stocks fall on Fed hike fears
Wall Street looked set for losses at the open: Futures for the Dow Jones industrial average and S&P 500 were both off 0.9 percent
U.S. stocks drop in afternoon trading
But energy stocks gained, climbing 1.8 percent as the price oil jumped for a second day
Why stocks could drop again
Despite a vigorous two-day rebound, a number of factors suggests investors should remain cautious
N.Y. Fed chief: September rate hike "less compelling"
William Dudley says current developments pose downside risks for the economy and have contributed to heightened market volatility
As stocks lurch, Fed ponders twist of the dial
Do the risks outweigh the gains as the Federal Reserve decides whether to raise interest rates?
Investors left gasping after stocks' wild ride
From concerns about China to anxiety over U.S. interest rates, market psychology has taken on a life of its own
Survey: Most economists say Fed will raise rates in 2015
With only two more appropriate Fed meetings left in 2015, most NABE economists believe the Fed will raise rates at their December meeting
The Dow saw its worst week since 2011 amid worries about China, cheap oil and slowing U.S. economic growth
The Dow saw its worst week since 2011 amid worries about China, cheap oil and slowing U.S. economic growth.
Fed hike in question amid global-market turmoil
Doubts grow over the Fed's willingness to raise interest rates in September amid global financial turbulence
Thursday's stock sell-off jeopardizes a 4-year uptrend
The S&P 500's collapse puts technical support that has held since 2011 at risk as investors sweat a Fed rate hike and more
Fed in July appeared to be moving closer to hike
Central bankers also expressed wide-ranging concerns about wages, inflation and a significant slowdown in China at last meeting
Stocks shorten drop after Federal Reserve release
Wall Street regains some ground after U.S. central bank release indicates interest-rate hike coming
July consumer prices remained in the doldrums
The 0.1 percent overall rise is down from the rates of May and June, showing that inflationary pressures remain muted
3 worries for a quiet stock market
The S&P 500 is stuck in a narrow range now, but that could soon change with these potentially negative catalysts looming
July's job gains raise odds of September rate hike
The latest payroll report gives the Fed one more reason to end its zero-percent interest rate policy next month
Stocks fall as jobs report doesn't clarify Fed view
Investors are undecided on whether central bank will take first step towards normalizing monetary policy next month or in December
A solid month of job creation, but wages stagnate
Although the U.S. economy continues adding jobs at a respectable clip, workers have yet to see much growth in their pay
Scant wage growth muddies the Fed's rate moves
A surprisingly weak report on employment costs is raising doubts about a September interest rate hike
Trump says Mexican leader agrees to "effectively closing" southern border
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
1,400 tons of drugs, "narco subs" found on new Pacific trafficking route
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
What businesses are open and closed on Thanksgiving Day?
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
Trump tariffs could make these items more expensive
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
3 Americans held for years in China released, White House says
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Chilling details emerge after Montana camper's brutal murder
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
Zuckerberg meets with Trump at Mar-a-Lago
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Israel-Hezbollah ceasefire takes hold, fueling new push for Gaza truce
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
Stowaway caught after getting aboard Delta flight from New York City to Paris
The woman boarded Delta Flight No. 264 from John F. Kennedy International Airport to Paris Charles de Gaulle Airport, CBS News learned. She was discovered while the plane was in midair and was taken into custody in Paris.
U.S.
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New Mexico man awarded $412 million for botched penile injections
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
Trump says Mexican leader agrees to "effectively closing" southern border
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
What businesses are open and closed on Thanksgiving Day?
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
Zuckerberg meets with Trump at Mar-a-Lago
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Stowaway caught after getting aboard Delta flight from New York City to Paris
The woman boarded Delta Flight No. 264 from John F. Kennedy International Airport to Paris Charles de Gaulle Airport, CBS News learned. She was discovered while the plane was in midair and was taken into custody in Paris.
MoneyWatch
More MoneyWatch
What businesses are open and closed on Thanksgiving Day?
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
Has tipping reached a tipping point?
A November 2023 survey from the Pew Research Center found that 72% of people think tipping is expected in more places than it was five years ago.
How Trump's economic agenda could affect mortgage rates in 2025
Here's what a noted housing expert thinks will happen to mortgage rates next year as Donald Trump outlines his priorities.
Trump tariffs on Canada imports could bring sharply higher gas prices
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
What's hot in kids toys this holiday season — and what to avoid
Consumers are expected to open their wallets this holiday season, with these children's toys high on the list.
Politics
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Trump says Mexican leader agrees to "effectively closing" southern border
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
Zuckerberg meets with Trump at Mar-a-Lago
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Ex-Sen. Bob Menendez seeks new trial
Former Sen. Bob Menendez, a Democrat from New Jersey, was convicted of 16 felony counts in July.
Trump taps retired Gen. Keith Kellogg for Ukraine envoy
Keith Kellogg, a retired lieutenant general, served as national security adviser to former Vice President Mike Pence.
Trump team says threats, swatting incidents against multiple Cabinet picks being investigated
President Biden has been briefed on the incidents and "unequivocally" condemns threats of political violence, the White House said.
HealthWatch
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New Mexico man awarded $412 million for botched penile injections
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
Why does eating turkey make you sleepy? Thanksgiving fatigue, explained.
Tired from your Thanksgiving feast? You're not alone. But is it the tryptophan in turkey that leads to our food comas? Here's what experts say.
Thanksgiving foods cats and dogs can (and can't) eat
Can cats and dogs eat turkey and other Thanksgiving foods? Here's what experts say about what is safe and not.
A toddler got a nasal swab test. So why was the bill $445?
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Why we eat turkey on Thanksgiving, according to history
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
World
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1,400 tons of drugs, "narco subs" found on new Pacific trafficking route
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Trump says Mexican leader agrees to "effectively closing" southern border
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
Russia bombs Ukraine's energy sector as temperatures plummet
Ukraine's Zelenskyy says Russian "tactics of terror" are clear with the latest massive attack on energy infrastructure as temperatures plummet.
Stowaway caught after getting aboard Delta flight from New York City to Paris
The woman boarded Delta Flight No. 264 from John F. Kennedy International Airport to Paris Charles de Gaulle Airport, CBS News learned. She was discovered while the plane was in midair and was taken into custody in Paris.
Trump taps retired Gen. Keith Kellogg for Ukraine envoy
Keith Kellogg, a retired lieutenant general, served as national security adviser to former Vice President Mike Pence.
Entertainment
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Sean "Diddy" Combs denied bail again ahead of sex trafficking trial
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Grateful Dead remembers band member Phil Lesh
Members of the iconic band, the Grateful Dead, reflected on the impact bandmate Phil Lesh had on their lives and said they had hoped to play together again.
Grateful Dead bandmates remember Phil Lesh
Iconic band The Grateful Dead, is remembering one of the band's original members, Phil Lesh, who died in October at 84 years old. The surviving original members of the band credit Lesh for the impact he made in each of their lives and revealed they were hoping to play together one more time.
Harvey Weinstein accuses Rikers Island of substandard medical treatment
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
The Script on loss, resilience in new album
Irish band The Script continues to inspire with hits like "Hall of Fame," while moving forward after the loss of guitarist Mark Sheehan. Danny O'Donoghue talks to Natalie Morales about the band's journey, and how boxing helps him cope.
Technology
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Zuckerberg meets with Trump at Mar-a-Lago
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Australian lawmakers advance bill to bar under-16s from social media
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
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 grandma tool helps fend off phone scams
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Science
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NASA shows off image of U.S. military's abandoned "city under the ice"
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Divided U.N. negotiations for plastic treaty
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Honolulu hopes to identify long-unclaimed bodies with advanced DNA testing
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
How are U.S. winters permanently changing?
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
Crime
More Crime
Chilling details emerge after Montana camper's brutal murder
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
1,400 tons of drugs, "narco subs" found on new Pacific trafficking route
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Sean "Diddy" Combs denied bail again ahead of sex trafficking trial
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Accused "Pink Panthers" member among 11 nabbed in cocaine bust
Police in the Balkans arrested 11 alleged members of a criminal syndicate responsible for smuggling cocaine from South America to Europe, officials said.
Bombing suspect on most wanted list arrested
Daniel Andreas San Diego, a suspect in in two 2003 northern California bombings, was arrested in the U.K. this week. San Diego, who had been one of the FBI's most wanted terror suspects, now faces extradition.
Space
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Webb telescope captures stunning new image of the "Sombrero galaxy"
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Beloved rescue dog on the loose in New Orleans
Scrim the rescue dog has become a familiar sight to some in New Orleans, as his face has been plastered on missing posters more than once. The well-known rescue dog has escaped once again, but recent sightings give people hope he'll be home again soon. Kati Weis has the story.
Threats made against Trump's picks
The FBI is investigating multiple threats made against some of President-elect Donald Trump's administration picks like Susie Wiles, Pam Bondi, Howard Lutnick and others. CBS News political reporter Libby Cathey has more on the attacks and the Trump transition.
Sean "Diddy" Combs' latest bail request denied
Sean "Diddy" Combs will not get out of jail on bail after a federal judge denied his latest request Wednesday.
Israel-Hezbollah ceasefire holds
The fighting between Israeli forces and the Iran-backed militant group Hezbollah forced over a million people to leave their homes. Some began returning to Southern Lebanon on Wednesday. CBS News foreign correspondent Debora Patta reports.
Macy's Thanksgiving Day Parade balloons
Something is in the air in New York City --it's the Macy's Thanksgiving Day Parade balloons! CBS News New York reporter Alecia Reid has more on the characters to expect and what's behind the fun display.