Stocks come back strong, shrugging off hot inflation reading
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
The September Consumer Price Index shows prices rose 8.2% over the last year, and increased 0.4% between August and September. Gargi Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, and CBS News senior White House and political correspondent Ed O'Keefe joined Tanya Rivero and Nancy Chen to discuss the impact of these numbers on the U.S. economy.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
National Savings Day is the perfect time to take stock of your personal finances. CBS News’ Errol Barnett and Meg Oliver spoke with Kimberly Palmer, a personal finance expert with NerdWallet, about the best ways to manage your hard-earned savings.
The striking oil workers want a pay rise, arguing their salaries cannot keep up with inflation that has soared to almost 6% in France.
The Federal Open Market Committee will publish Wednesday the minutes from its September meeting as well as its economic forecast. Also, President Biden said he doesn't think there will be a recession during his CNN interview Tuesday night. Yahoo Finance senior columnist Rick Newman joined "CBS News Mornings" to discuss.
Recession risks are rising amid "historic fragility" in the global economy, the agency's managing director said.
While the U.S. added 263,000 jobs in September, economists are bracing for the next Consumer Price Index report, due out this week, which gives a snapshot of inflation. Javier David, managing editor of business and markets at Axios, joins "CBS News Mornings" to discuss the latest economic news and what to expect from the markets this week.
Mohamed El-Erian, Allianz Chief Economic Adviser, said the " main drivers of inflation and how broad they are is still going up." He joins "Face the Nation" to discuss the "unsettling volatility" of the market right now.
The latest jobs report is fueling fears that a big interest rate hike is likely, as the Federal Reserve tries to aggressively fight inflation. Business analyst Jill Schlesinger breaks down the report.
The stock market tumbled Friday after a stronger-than-expected September jobs report, creating fears among investors that it could lead to yet another rate hike by the Federal Reserve. Colby Smith, U.S. economics editor for the Financial Times, joined Catherine Herridge to discuss what the report could mean to the U.S. economy.
Cost of U.S. flights around the Thanksgiving holiday is up roughly 25% compared with last year, booking data shows.
The September jobs numbers showed a slight slowdown in hiring. The latest numbers come as the Federal Reserve weighs its next steps to try to tame inflation. According to the Labor Department, 263,000 jobs were added last month. The unemployment rate also fell to 3.5%. CBS News reporter Sarah Ewall-Wice has more.
A member of the Proud Boys extremist group has pleaded guilty to seditious conspiracy charges in connection with the Jan. 6 Capitol riot. Jeremy Bertino faces up to 63 months in prison. A 430-foot tall Orlando amusement park ride is being taken down after a 14-year-old boy’s fatal fall from it in March. And all eyes are on the new monthly jobs report for its possible influence on the Federal Reserve’s fight against inflation.
It now costs nearly $100 to fill up a mid-size car with gas in California. Though gas prices are rising amid the decision by OPEC+ to cut 2 million barrels of oil per day, California prices have little to do with it. Jonathan Vigliotti takes a look.
Some older Americans are cutting back on food, medicine and other basics. An annual Social Security bump may not be enough.
More Americans filed for jobless aid last week as layoffs jumped, showing the Fed's rate hikes are taking a toll.
Californians dealing with the rising cost of gas will start to see some financial relief starting Friday. CBS News correspondent Jonathan Vigliotti explains who is eligible for a gas tax rebate.
Apple farmers say they're struggling to grow and sell the fall fruit due to inflation and labor shortages.
Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
The races for Arizona's new governor, senator and secretary of state are heating up, with just five weeks until election day. New CBS polling shows inflation and the economy are top voter priorities, while election security and abortion are still top of mind for candidates. Ed O'Keefe reports from Tempe.
The U.S. economy and labor market are still rebounding from the COVID-19 pandemic. Several workplace trends, such as working from home, still remain prevalent. Aki Ito, senior correspondent for Business Insider, joined CBS News to discuss.
Most people say it's harder to own a home or raise a family these days, crimping their standard of living.
Consumer advocates say some companies are reformulating products to use cheaper ingredients — but charging the same price.
Sharp drop in job openings will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.
Hezbollah confirmed his death, making him the seventh senior Hezbollah leader slain in Israeli strikes in a little over a week.
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.
U.S. Central Command said two of the dead were senior militants affiliated with the extremist Islamic State group and an al-Qaeda-linked group in Syria.
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.
The bestselling author's latest, "Revenge of the Tipping Point," builds on a familiar idea from his books: You may think you know how the world works, but you're wrong!
On the occasion of Jimmy Carter turning 100, President Biden honors the former president and humanitarian for his decades of public service, as well as his hopeful vision of our country and tireless commitment to a better world.
Parasocial relationships are those that are one-sided – like the fascination and devotion that fans hold for their favorite celebrities. How do they speak to the human condition?
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.
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.
U.S. Central Command said two of the dead were senior militants affiliated with the extremist Islamic State group and an al-Qaeda-linked group in Syria.
Hezbollah confirmed his death, making him the seventh senior Hezbollah leader slain in Israeli strikes in a little over a week. They include founding members who had evaded death or detention for decades.
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.
Bestselling author Malcolm Gladwell's latest, "Revenge of the Tipping Point," builds on a familiar idea from his books: You may think you know how the world works, but you're wrong! The provocative Gladwell talks with correspondent David Pogue about why he's refused to change his approach, his work ethic, or his contrarianism.
During a stop on their "Music of the Spheres" global tour, which Billboard calls "the biggest rock tour of all time," Chris Martin, Will Champion, Guy Berryman and Jonny Buckland talk about their new album, the songwriting process, and their future playing together.
Twenty-five years after their first hit record, Coldplay's current world tour, which Billboard calls "the biggest rock tour of all time," has earned more than a billion dollars and sold more than 10 million tickets. During a stop in Dublin, correspondent Anthony Mason catches up with Chris Martin, Will Champion, Guy Berryman and Jonny Buckland to talk about "Moon Music" (the band's tenth studio album), the songwriting process, and their future playing together.
Ina Garten was working an economic policy job at the White House when, at age 30, she changed direction, buying a small specialty food store called the Barefoot Contessa in West Hampton Beach, New York. It started her on a career as an entrepreneur, cookbook author and culinary TV host. Garten, whose new memoir is "Be Ready When the Luck Happens," talks with correspondent Rita Braver about her painful childhood; her marriage; and what she thinks about the prospect of retiring.
Dame Maggie Smith, whose luminous stage and screen career included two Oscars and a Tony Award, died on Friday, September 27, 2024, at age 89. Correspondent Martha Teichner has a remembrance of the actress whose most famous role came late in life – as the prickly, imperious Lady Violet Crawley in the TV series "Downton Abbey."
Being able to identify hoaxes, avoid scams, and debunk propaganda is a civic skill required in today's information society. That's why the curriculum of students in Finland includes media literacy lessons, aimed at safeguarding a precious resource: the truth. Correspondent Chris Livesay 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.
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.
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.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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?
Bestselling author Malcolm Gladwell's latest, "Revenge of the Tipping Point," builds on a familiar idea from his books: You may think you know how the world works, but you're wrong! The provocative Gladwell talks with correspondent David Pogue about why he's refused to change his approach, his work ethic, or his contrarianism.
Twenty-five years after their first hit record, Coldplay's current world tour, which Billboard calls "the biggest rock tour of all time," has earned more than a billion dollars and sold more than 10 million tickets. During a stop in Dublin, correspondent Anthony Mason catches up with Chris Martin, Will Champion, Guy Berryman and Jonny Buckland to talk about "Moon Music" (the band's tenth studio album), the songwriting process, and their future playing together.
On the occasion of Jimmy Carter turning 100, President Biden honors the former president and humanitarian for his decades of public service, as well as his hopeful vision of our country and tireless commitment to a better world.
Ina Garten was working an economic policy job at the White House when, at age 30, she changed direction, buying a small specialty food store called the Barefoot Contessa in West Hampton Beach, New York. It started her on a career as an entrepreneur, cookbook author and culinary TV host. Garten, whose new memoir is "Be Ready When the Luck Happens," talks with correspondent Rita Braver about her painful childhood; her marriage; and what she thinks about the prospect of retiring.
Dame Maggie Smith, whose luminous stage and screen career included two Oscars and a Tony Award, died on Friday, September 27, 2024, at age 89. Correspondent Martha Teichner has a remembrance of the actress whose most famous role came late in life – as the prickly, imperious Lady Violet Crawley in the TV series "Downton Abbey."