A look back at 1990's quirky recession
In this fun "Mornings Memory," we revisit a hands-on illustration from 1990, where large and colorful balls were used on CBS This Morning to explain the complexities of supply and demand during a recession.
Recession
Major market indexes show signs of recovery
Fears of a U.S. recession appear to be easing Tuesday with most equities rallying after the stock market plunged on Monday. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joined CBS News to discuss the economy.
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.
Stock market shocked by economy fears
The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.
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.
Recession fears after new data
Disappointing July jobs data could bring about fears of a potential recession as Americans navigate a period of inflation in the U.S. economy. CBS News contributor Javier E. David breaks down the signals to look out for as the markets react to the latest numbers.
Why many think the U.S. is in a recession
More than half of Americans believe the U.S. is in a recession, according to a Harris poll conducted for the Guardian. CBS News contributor Javier E. David discusses the data, which shows the economy is strong despite people's sentiment.
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.
Poll: Americans' economic outlook improving
Americans' views on the economy are improving, according to new CBS News polling. Anthony Salvanto, CBS News executive director of elections and surveys, joins "America Decides" to break down the findings.
Why January's jobs report is a big surprise
The U.S. economy added 353,000 jobs in January, according to the Labor Department's first jobs report of the year. Daniel Zhao, the lead economist at Glassdoor, joins CBS News with a look at the surprising data.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
What to expect from the economy in 2024
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
These jobs saw the biggest pay hikes across the U.S. in 2023
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Biggest financial stories heading into 2024
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Recession fears eased by latest PPI report
Wholesale prices fell half a percentage point last month, according to the latest Producer Price Index report, signaling a possible ease in inflation. Greg Robb, a senior reporter and economics editor for MarketWatch, joined CBS News to discuss the numbers.
What court decision means for real estate
CBS News business analyst Jill Schlesinger talks about the importance of a Missouri realty case that awarded a group of home sellers about $1.8 billion in damages, and how it might lead to changes in the housing market. She also touches on mortgage rates and whether or not we might be headed into a housing recession.
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
U.S. Real GDP higher than thought in new data
The U.S. Real GDP increased at an annual rate of 2.1% for the second quarter of 2023, according to a revised report released Thursday by the Bureau of Economic Analysis. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the numbers.
Fewer Americans expecting recession now — CBS News analysis
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Recession fears dampened by consumer spending
Economic forecasts had recession on the mind earlier this year, because of concerns over inflation and interest rate hikes to combat it. But the labor market has stayed strong, price increases have eased and people are still making purchases. Abha Bhattarai, economics correspondent for the Washington Post, joined CBS News to discuss.
New jobs report shows solid labor market
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
Hours before shutdown deadline, House readies vote on GOP plan
House Speaker Mike Johnson emerged from a meeting with his fellow Republicans on Friday and said he believed lawmakers would avoid a government shutdown.
Car hits crowd at Christmas market in Germany, at least 1 killed
A car drove into a crowd of revelers at a Christmas market in Magdeburg, Germany, and officials say they suspect it was a deliberate attack.
Mayorkas warns of "serious" consequences for Homeland Security if government shuts down
Republicans in the House are working to craft a plan to avert a government shutdown just hours before funding for agencies is set to lapse.
Holiday travel record predicted as government shutdown looms
More than 119 million people will travel at least 50 miles from home between Saturday and New Year's Day, which would top the previous holiday-season high set in 2019, according to AAA.
Delphi double murderer Richard Allen sentenced to 130 years in prison
An Indiana jury has convicted Allen in the murders of 14-year-old Liberty "Libby" German and 13-year-old Abigail "Abby" Williams who had vanished during a hike in Delphi in 2017.
Here's a fact check on Trump's recent comments about the history of U.S. tariffs
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
Biden's top hostage envoy in Syria to ask for help in finding Austin Tice
Hostage envoy Roger Carstens is in Syria making the first known in-person U.S. in-person contact with the caretaker government and seeking help in finding missing American Austin Tice.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Planned Starbucks strike in 3 cities could spread nationwide
Workers at Starbucks stores in three cities plan to go on a five-day strike that could spread nationwide.
U.S.
More U.S.
Biden ties Trump on judicial confirmations as Senate approves his 234th nominee
The Senate confirmed Benjamin Cheeks to the federal bench, marking its confirmation of the 234th judge selected by President Biden.
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
What would a government shutdown mean for flights and air travel?
Here's what the anticipated record number of holiday travelers should know about how a government shutdown could affect trips.
Mayorkas warns of "serious" consequences for Homeland Security if government shuts down
Republicans in the House are working to craft a plan to avert a government shutdown just hours before funding for agencies is set to lapse.
Will it snow on Christmas? Maps show weather forecasts for 2024
Dreaming of a white Christmas? Dream on. Only a few areas of the U.S. are likely to see snow in the weather forecast for Christmas 2024.
MoneyWatch
More MoneyWatch
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
What would a government shutdown mean for flights and air travel?
Here's what the anticipated record number of holiday travelers should know about how a government shutdown could affect trips.
Here's what to know about Medicare's new $2,000 prescription drug cap
Millions of Medicare enrollees are likely to see relief in 2025 when a $2,000 cap on out-of-pocket prescription drug-spending goes into effect.
Holiday travel record predicted as government shutdown looms
More than 119 million people will travel at least 50 miles from home between Saturday and New Year's Day, which would top the previous holiday-season high set in 2019, according to AAA.
Biden issues likely last round of student debt forgiveness before leaving office
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
Politics
More Politics
Biden ties Trump on judicial confirmations as Senate approves his 234th nominee
The Senate confirmed Benjamin Cheeks to the federal bench, marking its confirmation of the 234th judge selected by President Biden.
Here's a fact check on Trump's recent comments about the history of U.S. tariffs
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Mayorkas warns of "serious" consequences for Homeland Security if government shuts down
Republicans in the House are working to craft a plan to avert a government shutdown just hours before funding for agencies is set to lapse.
Biden issues likely last round of student debt forgiveness before leaving office
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
HealthWatch
More HealthWatch
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Stuffing stockings with skincare? Here's what kids should and shouldn't be using
Skin care is all the rage for teens and tweens these days, but be careful not to give products that could cause more harm than good.
He went in for a colonoscopy. The hospital charged $19,000 for two.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Frito-Lay recalls some Lay's chips over "life-threatening" allergy risk
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
"Sleepmaxxing" trend has young adults optimizing their sleep
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
World
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Car hits crowd at Christmas market in Germany, at least 1 killed
A car drove into a crowd of revelers at a Christmas market in Magdeburg, Germany, and officials say they suspect it was a deliberate attack.
Hip-hop star reportedly shot dead in parking garage in Sweden
In a video, seemingly filmed with a camera worn by the shooter, a person carrying a handgun can be seen firing multiple shots in a parking garage.
7 killed in prison riot as officers try to transfer 2 dangerous inmates
One of the inmates with a gun held out for about three hours, protected by 20 fellow prisoners, officials said.
7-year-old killed, 6 other people wounded in stabbing attack at Croatia school
A 7-year-old girl was killed and at least five other students and a teacher were wounded in a knife attack at a school in Croatia, police said.
Malaysia agrees to launch new search for missing MH370 plane
The Boeing 777 carrying 239 people disappeared from radar screens on March 8, 2014 while en route from Kuala Lumpur to Beijing.
Entertainment
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Entertainment
The untold WWII story of "Six Triple Eight"
Tyler Perry and Kerry Washington team up on the film "Six Triple Eight," spotlighting the only all-Black women's battalion in Europe during WWII. Washington stars as Charity Adams, the highest-ranking Black female officer.
Alicia Keys surprises students at her former high school
The 16-time Grammy winner returned to the Professional Performing Arts School in New York, where she first began her career, and shares advice with current students.
Quirky Guinness World Records of 2024 include a skateboarding cat
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
Apollo Theater honored by Kennedy Center
For 90 years, the Apollo Theater has shaped American culture, launching icons like James Brown and Aretha Franklin. This year, it became the first institution honored by the Kennedy Center, cementing its legacy as a hub of innovation.
Alicia Keys surprises students at alma mater
Sixteen-time Grammy winner Alicia Keys celebrates her Broadway musical "Hell's Kitchen" earning a Grammy nomination for Best Musical Theater Album. In an exclusive interview, she revisits her alma mater to honor the teacher who inspired her and surprises students.
Technology
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Technology
Supreme Court agrees to hear case about TikTok ban
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Teen victim of deepfake porn urges Congress to pass "Take It Down Act"
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
Supreme Court to decide on future of TikTok
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA: Lithium battery fires on flights now occur nearly twice a week
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Science
More Science
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Americans coexisted with 4-ton sloths for millennia, research shows
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
EPA tackling pollution in at-risk communities
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
"Murder hornets" eradicated in the U.S., agriculture officials say
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
Coal use hitting record in 2024, which is likely hottest year yet, report says
World coal use is set to reach an all-time high in 2024, the International Energy Agency says, in a year all but certain to be the hottest in recorded history.
Crime
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Crime
JonBenét Ramsey's dad on key evidence
John Ramsey, JonBenét Ramsey's dad, says he thinks DNA technology will lead to an answer in his daughter's brutal murder. "48 Hours" correspondent Erin Moriarty breaks down her latest reporting on the case.
Richard Allen sentenced in murder case
Richard Allen was sentenced to 130 years in prison for the 2017 murders of two teenage girls who disappeared in Delphi, Indiana. CBS News Chicago's Marrisa Perlman has more.
Potential Luigi Mangione evidence
A federal complaint against Luigi Mangione included mentions of a notebook that investigators say he possessed, which apparently included hostile messages that could be used as evidence in the case against him. CBS News legal contributor Jessica Levinson has more.
Mangione could face the death penalty
Luigi Mangione is now detained in New York after his extradition from Pennsylvania. This comes as more details emerge about the federal charges he is now facing in connection to the killing of UnitedHealthcare CEO Brian Thompson. CBS News' Lilia Luciano reports.
Mangione's Thursday federal court appearance
Luigi Mangione, the suspect in the killing of UnitedHealthcare CEO Brian Thompson, appeared in federal court Thursday after waiving extradition in Pennsylvania and being transported back to New York. CBS News' Anna Schecter has more.
Space
More Space
Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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.
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
Car plows into crowd at Germany market
A car plowed into the crowd at a Christmas market in Magdeburg, Germany, injuring more than 60 people, AFP reports. CBS News' Anna Noryskiewicz and Sam Vinograd have the latest on the apparent attack.
JonBenét Ramsey's dad on key evidence
John Ramsey, JonBenét Ramsey's dad, says he thinks DNA technology will lead to an answer in his daughter's brutal murder. "48 Hours" correspondent Erin Moriarty breaks down her latest reporting on the case.
House vote on government shutdown coming
The House of Representatives is expected to vote Friday afternoon on a bill that could extend funding for the government past the midnight deadline. This comes after President-elect Donald Trump blasted Speaker Mike Johnson's bipartisan spending bill. CBS News' Caitlin Huey-Burns and Zak Hudak report.
Sneak peek: The Journals of Maria Muñoz
A young wife and mother dies unexpectedly with a strange mix of drugs in her system. Investigators turn to her journals for answers. "48 Hours" correspondent Erin Moriarty reports Saturday, Dec. 28 at 10/9c on CBS and streaming on Paramount+.
Richard Allen sentenced in murder case
Richard Allen was sentenced to 130 years in prison for the 2017 murders of two teenage girls who disappeared in Delphi, Indiana. CBS News Chicago's Marrisa Perlman has more.