Stocks extend rally as U.S. companies report solid profits
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.
Americans are facing mounting credit card debt as inflation puts more pressure on households, and the Federal Reserve raises interest rates. CBS News' Lilia Luciano speaks with Abha Bhattarai, economics correspondent for The Washington Post, on what's driving the rise in credit card debt.
Inflation is sticking around, driving up food, rent and other costs. These money moves can help you fight back.
The latest CBS News Battleground Tracker polling shows Republicans are holding onto their advantage in the race to control the House of Representatives. CBS News executive director of elections and surveys Anthony Salvanto joined Anne-Marie Green and Vladimir Duthiers with a look at what's behind this trend.
University of Michigan professor Betsey Stevenson, the former top economist at the U.S. Department of Labor, said the 6.6% core inflation rate is what really worries economists. "That's the stuff that's hard to come down," she told "Face the Nation."
Transportation Secretary Pete Buttigieg said on "Face the Nation" on Sunday that the Biden administration's "top economic priority is fighting inflation." He defended the administration's economic policies, saying "if anybody's asking, 'was it a good idea to rescue the American economy? The answer's yes.'"
Experts say public confidence in United Kingdom Prime Minister Liz Truss is steadily falling after she reversed course on her proposed tax reforms. Ian Lee has the latest.
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
President Joe Biden's trip to Oregon, California and Colorado is showing how he's trying to turn out Democratic votes on Election Day.
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
Transportation Secretary Pete Buttigieg, Ukrainian Ambassador to the U.S. Oksana Markarova, Professor of Economics and Public Policy at the University of Michigan Betsey Stevenson, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
The Dow Jones Industrial Average gave back a big chuck of the gains it made the day before, following the latest report on inflation in the U.S. David Grasso, an editor at Bold, joins CBS News to discuss the latest on the economy.
U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.
The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.
Never-before-seen video from January 6 shows lawmakers in hiding, seeking help to stop the riot; California serial killer may also be connected to Chicago murders.
"Unless significant conservation actions are taken, the United States is likely to cause the first anthropogenic extinction of a great whale species," scientists said.
Social Security benefits will increase by 8.7% in 2023 in a cost-of-living adjustment. The news comes as recipients see increased costs due to inflation in nearly every aspect of life. Javier David, Axios managing editor of business and markets, joins "CBS News Mornings" to explain where seniors will be feeling the pinch and if the adjustments will make enough of a difference.
In September, inflation rose 8.2 percent over the past year. Food, shelter and medical care costs remain high as investors brace for a possible recession. Senior business analyst Jill Schlesinger has more on the latest report.
The stock market finished strong on Thursday despite the latest CPI report showing a 0.4% September increase in inflation. Pete Earle, economist and research fellow at the American Instiute for Economic Research, joins CBS News to discuss the state of the economy and whether we're facing a recession.
The Bureau of Labor Statistics says September's consumer prices rose 8.2% compared to a year ago, with food, rent and other items driving inflation. Ben Levisohn, a deputy editor at Barron's joined John Dickerson on "Prime Time" to discuss the latest CPI report.
Inflation remains near a record high, and it shows no signs of slowing. The consumer price index for September was up 8.2% compared to a year ago. Nancy Cordes has the details.
Social Security benefits will increase by 8.7% next year — the biggest rise in more than forty years. However, the move is fueled by record-high inflation. CBS News MoneyWatch reporter Aimee Picchi discusses how this will impact Americans' wallets.
Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
Hassan Nasrallah, the longtime leader of Iran-backed Hezbollah, was killed in an airstrike in Lebanon's capital Beirut.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
In North Carolina alone, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage from Hurricane Helene.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
In North Carolina, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
Hezbollah leader Hassan Nasrallah was killed during a massive airstrike in Beirut, Lebanon on Friday.
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
In North Carolina, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
Bigger bins and premium-priced seating with added legroom are just some of the changes the carrier is betting will win over customers.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
In most states, those who wish to vote have more than one option that makes it easier and more convenient to register or update their registration than in past years.
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Despite suspending his campaign, the independent presidential candidate was fighting to have his name restored to the state's ballot.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
Tyler Theroux was born with a brachial plexus injury that would eventually leave him depressed and in extreme pain. A complex surgery finally provided relief.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
The 60-year-old priest was questioned by the investigating judge and placed under arrest, the prosecutor's office said.
On Saturday, Pope Francis acknowledged that the abuse scandal had created "atrocious suffering and wounds," and undermined the faith.
A U.K. watchdog identified "multiple instances of misconduct" in the running of Campbell's charity Fashion for Relief.
Landslides and flooding caused by rainfall have killed at least 66 people in Nepal. Dozens of others are missing, police said Saturday.
Dame Maggie Smith, whose luminous career included two Academy Awards and a Tony, died on Friday, September 27, 2024, at age 89. In this "Sunday Morning" profile that aired January 20, 2002, correspondent Eugenia Zukerman talked with Smith about her roles, which ranged from Shakespeare's Desdemona to Harry Potter's Professor Minerva McGonagall; and about her grandmother's advice that she never appear on the stage. Zukerman also talked with "Gosford Park" director Robert Altman and producer Bob Balaban about the actress' on-screen magic.
The festival, which runs through Oct. 14, features new films starring Adrien Brody, Daniel Craig, Tilda Swinton, Julianne Moore, Saoirse Ronan, Naomi Watts and Bill Murray.
Richard Powers has been writing for decades, after a career as a computer programmer. In 2019, his nature-inspired book "The Overstory" took home a Pulitzer Prize. His newest book, "Playground," also focuses on the natural world, this time paying homage to our oceans, celebrating their beauty and raising concern for the future. Jeff Glor has more.
Author V.E. Schwab has written nearly two dozen books since making her debut in 2011. Her novels feature modern characters and twisty plots, and are helping redefine the fantasy genre. Dana Jacobson has more.
In this preview of an interview to be broadcast on "CBS Sunday Morning" September 29, correspondent Anthony Mason talks with Chris Martin and Jonny Buckland of the rock band Coldplay about their massively-successful world tour.
A SpaceX Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Saturday with a NASA astronaut and a Russian cosmonaut aboard a Crew Dragon capsule that normally carries four. That is because the Crew Dragon's two empty seats will be used to give two Boeing Starliner astronauts a ride back to Earth next February. Butch Wilmore and Suni Williams were part of Boeing's first crewed test flight of its Starliner, and though it got them to the International Space Station back in June, problems with its propulsion system prompted NASA to look for another ride. Manuel Bojorquez reports.
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The departures come as CEO Sam Altman is reportedly preparing to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI edit strategy for CNET, joins CBS News to examine the future of the startup.
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.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
In this episode of "Climate Watch: Protecting the Planet," CBS News senior environmental correspondent Ben Tracy speaks to scientists and experts about the growing number of critically endangered plants and animals and how humans can help.
The author revisits his 2000 bestseller "The Tipping Point," to examine the flip side of that earlier book's lessons about studying social change. Among the topics he covers: Cheetah reproduction.
The Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
Kendy Howard was found dead in her bathtub. While dispatched as a suicide, clues at the scene made Kootenai County authorities suspicious.
Darien Urban, 21, and Shalene Ehlers, 20, the baby's parents were arrested after they allegedly tried to sell their 2-month-old baby because having three dogs and an infant was "not working."
A search was underway for the suspects, national police spokesperson Brig. Athlenda Mathe said in a statement regarding the two mass shootings in South Africa.
Crew Dragon's two astronauts will join two Starliner fliers for a five-month tour of duty aboard the International Space Station.
Later today, the SpaceX Dragon spacecraft is set to launch a crewed mission to the International Space Station. The craft is also set to bring back the two astronauts who have been waiting for a ride home since June.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
For the next two months, Earth will have a "mini-moon" when a small asteroid temporarily orbits the planet. Scientists say the asteroid, which is only 33 feet long, will enter Earth's gravity in a horseshoe orbit September 29 before leaving on November 25. Most people won't get a glimpse of this mini-moon though, it's too small to see without professional equipment.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
We travel across the Atlantic Ocean to visit three restaurants in three different European countries, from a chef who owns over a dozen eateries in Portugal to a chef elevating Georgia’s traditional cuisine. Watch these stories and more on The Dish.
Actor, producer and director Zoë Kravitz sits down with Michelle Miller to discuss her directorial debut with the film "Blink Twice." Then, Martha Teichner meets Philippe Petit, the French high-wire artist who walked across a high wire strung between the Twin Towers 50 years ago. "Here Comes the Sun" is a closer look at some of the people, places and things we bring you every week on "CBS Sunday Morning."
Did a former Idaho state trooper use his law enforcement skills to stage his wife’s death in their bathtub? "48 Hours" correspondent Peter Van Sant reports.
A SpaceX Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Saturday with a NASA astronaut and a Russian cosmonaut aboard a Crew Dragon capsule that normally carries four. That is because the Crew Dragon's two empty seats will be used to give two Boeing Starliner astronauts a ride back to Earth next February. Butch Wilmore and Suni Williams were part of Boeing's first crewed test flight of its Starliner, and though it got them to the International Space Station back in June, problems with its propulsion system prompted NASA to look for another ride. Manuel Bojorquez reports.
The Harris campaign is rolling out a new ad Saturday night during the Alabama-Georgia football game, which former President Donald Trump is attending, calling on him to commit to a second debate. Nikole Killion reports from Tuscaloosa.