S&P 500 enjoys its biggest gain since July
Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.
Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.
It can be hard to believe we're talking the holidays already – but it could save some big bucks to start shopping early this year. High inflation and rising interest rates don't have to also mean soaring holiday spending. Nancy Chen has more.
According to Freddie Mac, the average 30-year mortgage rate in the U.S. has risen to 6.7%, the highest since 2007. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, joined CBS News to provide some advice for new homebuyers.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Markets closed down Friday, closing the worst September for stocks since 2008. CBS News anchors Nikki Battiste and Elaine Quijano speak with Tim Pagliara, chief investment officer of CapWealth, about what drove trading.
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
The latest federal data shows U.S. gross domestic product fell 0.6% in the second quarter, fueling fears of a recession. Lori Bettinger, the president of Bancalliance and the former director of the Troubled Asset Relief Program at the U.S. Treasury Department, joined CBS News to break down what this means for the economy.
Investors continue to worry that Fed could hit brakes on economy too hard and cause a recession.
Average U.S. rent costs have fallen for the first time since 2020. Nest Seekers International chief economist Erin Sykes joined CBS to discuss what's driving the trend and what renters can expect.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
CBS News correspondent Meg Oliver takes a trip to the grocery store with consumer reports expert Brian Vines to learn small ways to save big in the grocery store.
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
People in the U.K. are facing price increases on food and gasoline, as the British pound's value briefly dropped to an all-time low against the U.S. dollar. CBS News' Lana Zak explains what that means for Americans, then Joice Alves, a European stock market correspondent for Reuters, joins "CBS News Mornings" to share the impact she has noticed in London.
Rick Newman, a senior columnist for Yahoo Finance, joins CBS News to discuss the ongoing impact of the Federal Reserve's latest interest rate hike, the historic drop of the British pound and how concerned Americans should be about the economy.
As Europe is gripped by rising inflation and energy costs, Italians have voted in its most right-wing government since Benito Mussolini. As CBS News correspondent Chris Livesay reports, her campaign was marked with hallmarks of fascism and her opponents fear her right-wing policies.
At least 13 are dead in a school shooting in Central Russia; Interest rate hikes are being used to combat inflation.
Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, "there is some ability for the economy to absorb our actions and slow in a relatively orderly way."
CBS News senior national correspondent Mark Strassmann reports from Atlanta on the uncertainty surrounding the economy as inflation continues, stocks fall and higher interest rates fuel a housing pullback.
Missed the second half of the show? The latest on the Battleground Tracker as the GOP House lead shrinks; Inflation, stocks, interest rates fuel economic uncertainty; Atlanta Fed chief says central bank is working to avoid "deep, deep pain" and the Jan. 6 panel having "evolving discussions" over Mike Pence's testimony.
As cars, food and electricity become more expensive, Americans are feeling the pressure of rising inflation. The DOW dropped 486 points, its lowest since late 2020, on Friday. Michael George has the details.
CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News' Catherine Herridge to discuss this week's edition of "Face the Nation." They break down the Federal Reserve's latest interest rate hike and preview an upcoming exclusive interview with Ukrainian President Volodymyr Zelenskyy.
The Dow Jones Industrial Average entered bear market territory during intraday trading Friday as investors fear a possible recession. Nancy Davis, founder and chief investment officer at Quadratic Capital Management, reacted to the steep market drop.
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Hezbollah confirmed his death, making him the seventh senior Hezbollah leader slain in Israeli strikes in a little over a week.
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.
FEMA Administrator Deanne Criswell called the storm "a true multi-state event" that's had "significant impacts" across five states.
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.
The record was broken in deafening fashion at Eden Park rugby stadium in Auckland.
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.
FEMA Administrator Deanne Criswell called the storm "a true multi-state event" that's had "significant impacts" across five states.
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?
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
The following is a transcript of an interview with H.R. McMaster, CBS News contributor and former National Security Adviser, on "Face the Nation with Margaret Brennan" that aired on Sept. 29, 2024.
The following is a transcript of an interview with FEMA administrator Deanne Criswell on "Face the Nation with Margaret Brennan" that aired on Sept. 29, 2024.
The following is a transcript of an interview with Sen. Tom Cotton, Republican of Arkansas, on "Face the Nation with Margaret Brennan" that aired on Sept. 29, 2024.
The following is a transcript of an interview with Retired Army General Stanley McChrystal on "Face the Nation with Margaret Brennan" that aired on Sept. 29, 2024.
FEMA Administrator Deanne Criswell called the storm "a true multi-state event" that's had "significant impacts" across five states.
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.
The record was broken in deafening fashion at Eden Park rugby stadium in Auckland.
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.
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?
This week on "Face the Nation with Margaret Brennan," Robert Costa speaks to FEMA administrator Deanne Criswell as storm Helene wreaks havoc throughout the southeastern U.S. Plus, former Maryland Gov. Larry Hogan on the 2024 presidential race.
We leave you this Sunday morning among sunflowers in Highmore, South Dakota. Videographer: Kevin Kjergaard.
On Tuesday, the Democratic and Republican nominees for vice president will face each other in their first and only debate. Historian Kate Andersen Brower says that, even though Minnesota Governor Tim Walz and Ohio Senator JD Vance both hail from the heartland, viewers should not expect "Midwestern Nice" to play out between the two. CBS News chief election & campaign correspondent Robert Costa looks at the history of VP debates. [CBS News will host the only planned vice presidential debate between Governor Tim Walz and Senator JD Vance on Tuesday, Oct. 1, at 9 p.m. ET on CBS and CBS News 24/7. Download the free CBS News app for live coverage, post-debate analysis, comprehensive fact checks and more.]
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.