Stock market dips amid tech stock selloff
The U.S. stock market took a significant dip on Friday, fueled by a selloff in tech stocks. CBS News contributor Javier David breaks it down and looks ahead to 2025.
Nasdaq
Why are prices still stubbornly high?
The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists' expectations. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Albertsons sues Kroger after merger blocked
Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. Albertsons is also suing the rival grocery chain, claiming Kroger willfully breached the merger agreement. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
New Texas-based stock exchange looks to take on Nasdaq, NYSE
TXSE Group aims to launch by 2026.
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Why cocoa prices are soaring to record levels
Higher cocoa prices are hitting chocolate lovers' wallets. CBS News reporter Taurean Small explains what's driving the increase, and what chocolate brands are doing to adapt.
Trump Media warns Nasdaq about "potential market manipulation" of its stock
Trump Media & Technology Group sent a letter to Nasdaq warning that so-called "naked" short selling could be impacting its stock.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Trump's Truth Social platform shares soar
Shares of former President Donald Trump's Truth Social rose 16% after the first day of trading on the Nasdaq exchange Tuesday. CBS News campaign reporter Jake Rosen has more on the publicly traded company.
Trump's Truth Social soars in first day of trading
Former President Donald Trump's Truth Social began trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again. CBS News' Lilia Luciano has more.
Stock market soars to record highs
The tech-centric Nasdaq is closing at a new high, driven by enthusiasm for artificial intelligence. This milestone marks its first record peak since 2021.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Dow jumps 520 points as investors cheer inflation slowdown
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
A look at Instacart's stock market debut
San Francisco-based grocery delivery company Instacart made its Nasdaq debut on Tuesday, closing at about a 12% gain. Natalie Lung, a technology reporter for Bloomberg, joins CBS News to discuss Instacart's transition to a public company.
Biden economic adviser on credit downgrade
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
Economic impact of excessive heat
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
What's closed and what's open on Juneteenth 2023
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Man slams truck into crowd in New Orleans, killing at least 15
Officials have identified the man who intentionally rammed a pickup truck into a crowd on Bourbon Street as revelers celebrated the new year.
Details emerge about the victims of deadly New Orleans attack
At least 15 people were killed after a driver slammed into a crowd celebrating New Year's on Bourbon Street in New Orleans.
What we know about the New Orleans truck attacker
A man "hellbent" on creating carnage drove around barricades and hurtled down Bourbon Street in New Orleans' French Quarter, police said.
Tesla Cybertruck explodes outside Trump Hotel in Las Vegas, killing 1
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
The 119th Congress begins tomorrow. Here's what to know.
The 119th Congress begins Friday with Republicans in full control of the House and Senate for the first time since 2019. Here's what to know.
House to vote on rule making it harder to oust speaker
The threshold that allowed a single member to trigger a no-confidence vote to remove the speaker will be increased to nine members.
Gunman kills 12 people including 2 kids in Montenegro shooting spree
Officials say a gunman opened fire at multiple locations in Montenegro, killing a dozen people before turning the gun on himself.
Breaking
10 wounded in shooting outside New York City event space, police say
A mass shooting in Jamaica, Queens left 10 teenagers hurt when police say several suspects opened fire outside a venue.
Trump to hold D.C. rally on Jan. 19, day before inauguration
President-elect Donald Trump will be sworn in for his second term in office on Jan. 20.
U.S.
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The 119th Congress begins tomorrow. Here's what to know.
The 119th Congress begins Friday with Republicans in full control of the House and Senate for the first time since 2019. Here's what to know.
Details emerge about the victims of deadly New Orleans attack
At least 15 people were killed after a driver slammed into a crowd celebrating New Year's on Bourbon Street in New Orleans.
Fireworks explosion in Hawaii kills at least 3, injures at least 20
The fireworks explosion happened just before midnight outside a home in a Honolulu-area neighborhood.
Tesla Cybertruck explodes outside Trump Hotel in Las Vegas, killing 1
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
Trump to hold D.C. rally on Jan. 19, day before inauguration
President-elect Donald Trump will be sworn in for his second term in office on Jan. 20.
MoneyWatch
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Tesla Cybertruck explodes outside Trump Hotel in Las Vegas, killing 1
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
Here are 9 states cutting their individual income taxes on Jan. 1
Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.
Here's what's open and closed on New Year's Day 2025
New Year's Day is observed by banks and delivery services, but holiday policies for individual retailers vary. Here's what to know.
Ford recalls nearly 300,000 F-Series trucks over defective fuel pumps
The truck recall is one of four issued by Ford Motor on the same day for a range of vehicles, including SUVs.
Which companies have the most employees on H-1B visas?
Tesla founder Elon Musk is a vocal proponent of H-1B visas, and his company's use of the program jumped sharply this year.
Politics
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The 119th Congress begins tomorrow. Here's what to know.
The 119th Congress begins Friday with Republicans in full control of the House and Senate for the first time since 2019. Here's what to know.
Tesla Cybertruck explodes outside Trump Hotel in Las Vegas, killing 1
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
Trump to hold D.C. rally on Jan. 19, day before inauguration
President-elect Donald Trump will be sworn in for his second term in office on Jan. 20.
House to vote on rule making it harder to oust speaker
The threshold that allowed a single member to trigger a no-confidence vote to remove the speaker will be increased to nine members.
FBI disrupts alleged plot against pro-Israel U.S. group
Authorities said the Florida man arrested in the alleged plot had three firearms, including an AR-style rifle, with him when law enforcement stopped the vehicle he was in.
HealthWatch
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L.A. pet owners warned against raw food as bird flu confirmed in cat
The H5N1 bird flu virus has been found in samples of Monarch Raw Pet Food, and a cat that ate the food is confirmed to have been infected.
Are you really getting a moderate or intense workout? Here's how to tell.
Looking to amp up your exercise as part of your New Year's resolutions? Here's how to calculate the intensity of your workouts.
New Year's resolutions often fail. Here's expert tips on how to keep them.
New Year's resolutions rarely last. Here's why they fail so often and how to change that, according to an expert.
Cappuccino Meltaway Bars sold nationwide recalled due to tree nuts
Gardners Candies warns that recalled Meltaway Bars product may contain undeclared cashews, a health risk for people with tree nut allergies.
"We should have learned our lesson from COVID" for bird flu testing, Dr. Leana Wen says
"I feel like we should've learned our lesson from COVID, that just because we aren't testing doesn't mean the virus isn't there," Dr. Leana Wen said.
World
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Police raid airline's offices after crash killed 179 people in South Korea
The flight was carrying 181 passengers and crew when it belly-landed before slamming into a barrier, killing all aboard except two flight attendants.
Suspected Chinese underwater spy drone found by fishermen
Officials said the drone was not armed, but the police report listed "potential national security implications" as one significance of its recovery.
Virgin Australia crewmember allegedly sexually assaulted in Fiji
The alleged attacks took place in the nightclub area of the city of Nadi, home to the international airport, officials said.
Gunman kills 12 people including 2 kids in Montenegro shooting spree
Officials say a gunman opened fire at multiple locations in Montenegro, killing a dozen people before turning the gun on himself.
Driver runs down 2 New Zealand police officers, killing 1
The attack jolted a country where the killing of police officers on duty is rare.
Entertainment
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These works enter the public domain in 2025
Here are the new books and characters joining the list of works in the public domain in 2025.
Who's performing at tonight's Times Square ball drop to ring in 2025?
A variety of New Year's Eve performers are expected for tonight's Times Square ball drop to ring in 2025.
Angelina Jolie, Brad Pitt agree on divorce settlement after 8-year battle
Angelina Jolie and Brad Pitt have reached a divorce settlement, her lawyer says, apparently ending one of the longest and most contentious divorces in Hollywood history.
Dallas Stars' Tyler Seguin joins list of high-profile home burglaries
The FBI believes their homes were targeted as part of the larger trend involving organized crime groups.
5 charged in connection with Liam Payne's death
An Argentine judge has confirmed charges against five people in connection with the death of Liam Payne, a former member of musical group One Direction.
Technology
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Chinese hackers breach U.S. Treasury Dept., obtain unclassified documents
The Treasury Department says Chinese hackers accessed several department workstations and unclassified documents. China denies any involvement.
Trump seeks pause of possible TikTok ban
President-elect Donald Trump asked the Supreme Court Friday to pause a potential U.S. ban on TikTok from taking effect. In his brief, he said he said he wants to delay the ban in order to give time for his incoming administration to "pursue a negotiated resolution."
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.
ChatGPT recovers after being hit by outages, OpenAI says
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
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.
Science
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What to know about tonight's "black moon"
It may sound spooky, but a black moon is nothing ominous.
Northern lights may be visible in parts of the U.S. New Year's Eve
Solar storms may bring northern lights to several states in the northern U.S. just in time for New Year's Eve, but cloud cover may put a damper on festivities.
New species, including "blob-headed" fish, identified across world in 2024
Hundreds of new species across the globe were identified by scientists in 2024.
California's mandatory clothing recycling program
Americans throw away billions of pounds of used clothes every year. But now, California is the first state to hold textile companies responsible for their products from start to finish. CBS News' Danya Bacchus explains.
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.
Crime
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Virgin Australia crewmember allegedly sexually assaulted in Fiji
The alleged attacks took place in the nightclub area of the city of Nadi, home to the international airport, officials said.
Breaking
10 teens wounded in Queens mass shooting, police say
A mass shooting in Queens, NYC left 10 teenagers wounded outside the Amazura Concert Hall in Jamaica.
Cybertruck explodes at Trump Hotel in Vegas
A Tesla Cyberstruck exploded outside Trump Towers in Las Vegas, killing a person inside and injuring seven others. Police are investigating it as a possible act of terrorism, multiple sources with knowledge of the investigation told CBS News. Andres Gutierrez reports.
CBS News reporter recounts New Orleans attack
CBS News national reporter Kati Weis was in New Orleans' French Quarter when a driver plowed into the crowd, killing at least 15 people and injuring dozens others. She describes her experience.
Investigation underway in New Orleans attack
A 42-year-old man intentionally drove a truck into a crowd in New Orleans' famous Bourbon Street on New Year's Day, killing at least 15 people and injuring dozens of others. The attack is being investigated as a possible act of terrorism, the FBI said, after weapons and potential improvised explosive devices were found in the vehicle. CBS News' Omar Villafranca reports from New Orleans.
Space
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When and where to see the Quadrantids, 2025's first meteor shower
The first meteor shower of 2025 is about to peak. Here's how to watch and where you can see the Quadrantids.
Space debris weighing over 1,000 pounds crashes into Kenya village
Officials said they were investigating fragments of metal, believed to be from a rocket, that crashed into a village in the country's south.
What to know about tonight's "black moon"
It may sound spooky, but a black moon is nothing ominous.
Lunar eclipses, supermoons, meteor showers happening in 2025
Skywatchers can mark the calendar with a busy lineup of celestial occurrences in 2025.
NASA spacecraft safe after historic closest-ever approach to sun
NASA's Parker Solar Probe hurtled through the sizzling solar atmosphere and passed within a record-breaking 3.8 million miles of the sun's surface.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Cybertruck explosion possibly terrorism
Investigators are treating Wednesday's Tesla Cybertruck explosion outside a Trump hotel in Las Vegas as a possible act of terrorism. CBS News correspondent Andres Gutierrez has more.
3 killed in Hawaii fireworks explosion
A firework explosion in Hawaii has killed at least three people and injured two dozen more. Authorities say a partygoer lit a bundle of aerial fireworks which then fell on its side, setting off crates of additional fireworks.
Biden and Trump's responses to NOLA attack
President Biden and President-elect Donald Trump had starkly different reactions to the deadly New Year's Day truck attack on New Orleans' Bourbon Street. CBS News political reporter Libby Cathey has more.
Were Vegas, New Orleans incidents connected?
Anna Schecter, senior coordinating producer for the CBS News Crime and Public Safety Unit, has a look at the investigations into Monday's New Orleans truck attack and the Tesla Cybertruck explosion outside a Trump hotel in Las Vegas.
New Orleans attack: What we know a day later
At least 15 people are dead after a man drove a truck into a Bourbon Street crowd early on New Year's Day in New Orleans. President Biden said the attacker was inspired by ISIS and the FBI is investigating the attack as an act of terrorism. CBS News reporter Nicole Valdes has more.