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.
Trump selects Pam Bondi for attorney general after Gaetz withdraws
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Pete Hegseth meets with GOP senators to secure support for expected nomination
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
Matt Gaetz withdraws as attorney general nominee
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Education secretary pick Linda McMahon named in WWE child sex abuse lawsuit
The suit claims McMahon and others at the WWE were aware of misconduct decades ago and negligent in failing to prevent it.
Israel stands by as aid convoys come under attack in Gaza
A truck driver claims Israeli tanks and an Israeli drone watched as the aid convoy he was with was attacked in Gaza. But Israel's military says it is not responsible for protecting the aid.
Bob Casey concedes Pennsylvania Senate race to Dave McCormick
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
McBride: GOP trying to "manufacture a crisis" with bathroom ban
Sarah McBride, set to be the first transgender member of Congress, talked with CBS News' Scott MacFarlane and commented on the GOP's effort to restrict bathroom use.
Nikki Haley criticizes Trump Cabinet picks Tulsi Gabbard, Robert F. Kennedy Jr.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
Actor Jussie Smollett's conviction overturned by Illinois Supreme Court
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
U.S.
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Pete Hegseth meets with GOP senators to secure support for expected nomination
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
Shohei Ohtani named NL MVP after record-setting Dodgers season
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
Yankees slugger Aaron Judge easily wins second AL MVP Award
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
Trump selects Pam Bondi for attorney general after Gaetz withdraws
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Nikki Haley criticizes Trump Cabinet picks Tulsi Gabbard, Robert F. Kennedy Jr.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
MoneyWatch
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Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Trump's proposed tariffs could raise U.S. grocery prices, analysis finds
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
BJ's Wholesale Club hikes membership fees for first time since 2018
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
Bezos denies Musk claim that the Amazon founder predicted Trump loss
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Here's where Elon Musk says his DOGE will aim to cut federal spending
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
Politics
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Israel stands by as aid convoys come under attack in Gaza
A truck driver claims Israeli tanks and an Israeli drone watched as the aid convoy he was with was attacked in Gaza. But Israel's military says it is not responsible for protecting the aid.
Pete Hegseth meets with GOP senators to secure support for expected nomination
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
Trump selects Pam Bondi for attorney general after Gaetz withdraws
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Nikki Haley criticizes Trump Cabinet picks Tulsi Gabbard, Robert F. Kennedy Jr.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
Bob Casey concedes Pennsylvania Senate race to Dave McCormick
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
HealthWatch
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Life expectancy gap in the U.S. widens to 20 years: "Truly alarming"
Life expectancy in the United States varies by more than 20 years depending on race and ethnicity and where you live, according to new research.
RFK Jr. weighing FDA crackdown on food additives under Trump
Kennedy's team is weighing a significant rewrite of the FDA's rules.
Why the latest bird flu case has experts worried about pandemic potential
A new potential case of bird flu in a California child without known contact with infected animals is raising concerns about a potential pandemic. Dr. Céline Gounder explains what to know.
New cases of bird flu in U.S.
CBS News medical contributor Dr. Celine Gounder joins "CBS Mornings" to discuss the latest on bird flu as new cases raise alarms among health officials. There have been 53 confirmed human cases across seven states this year. Health officials in California are reporting a possible case in a child who had no known contact with an infected animal.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
World
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Israel stands by as aid convoys come under attack in Gaza
A truck driver claims Israeli tanks and an Israeli drone watched as the aid convoy he was with was attacked in Gaza. But Israel's military says it is not responsible for protecting the aid.
Former Brazilian President Bolsonaro indicted over alleged coup attempt
Former president Jair Bolsonaro and 36 other people were indicted for allegedly attempting a coup to keep him in office after his defeat in the 2022 elections.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Ancient amulet showing biblical king spearing devil is unearthed
The amulet was found during an ongoing excavation project in Hadrianopolis, an ancient city near Karabük, Turkey.
U.N. court ICC issues arrest warrants for Netanyahu and a Hamas leader
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Entertainment
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Connie Nielsen on returning to "Gladiator" after 24 years
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Shelby Lynne on how personal struggles and friendships impacted her music
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Malcolm Washington on "The Piano Lesson"
Making his feature directorial debut, Malcolm Washington brings August Wilson's Pulitzer-winning play to the screen with help from his father, Denzel Washington and siblings John David and Katia
Connie Nielsen on returning to "Gladiator"
Ahead of the sequel's release, Connie Nielsen joins "CBS Mornings" to talk about stepping back into the world of Ridley Scott's epic saga and her character's emotional journey.
Shelby Lynne on her journey and new album
After overcoming years of personal struggles, Grammy winner Shelby Lynne is back with her first album in years. She tells Anthony Mason why her return to recording came as a surprise, even to her.
Technology
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Technology
Australia could ban social media for kids
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
DOJ targets Google's search engine monopoly
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
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.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Bezos denies Musk claim that the Amazon founder predicted Trump loss
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Science
More Science
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Carcass of massive endangered whale washes ashore in Alaska
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Crime
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Alleged LA County drug distributor charged with dealing opioid more powerful than fentanyl
The U.S. Department of Justice filed charges in what could be the nation's first death-resulting criminal case involving a synthetic opioid that is possibly more dangerous than fentanyl.
Mexican cartel leader who faked own death arrested in California
Cristian Fernando Gutierrez-Ochoa — the son-in-law of Jalisco New Generation cartel leader "El Mencho" — was arrested in Riverside, California, officials said.
Alleged New York Stock Exchange terror plot
The FBI has arrested a Florida man who's accused of plotting to bomb the New York Stock Exchange. CBS News New York reporter Allen Devlin has more.
Dad of 14-year-old accused in Georgia school shooting pleads not guilty
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
Man found guilty for Laken Riley murder
A judge on Wednesday found Jose Ibarra guilty on all 10 counts in the murder of University of Georgia student Laken Riley. Ibarra was sentenced to life in prison without the possibility of parole.
Space
More Space
Space
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
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.
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.
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.
Evidence in "The Dexter Killer" case
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.
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
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Latest CBS News Videos
Addressing the U.S. shortage of Black doctors
There's a major effort underway to bring more Black doctors into hospitals and examination rooms nationwide, and that effort is focused on easing the burden of medical school for students at historically Black colleges and universities. Jericka Duncan has more.
Australia could ban social media for kids
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
2024 Thanksgiving food costs
The American Farm Bureau Federation's annual survey found a difference between 2024 and 2023 Thanksgiving dinner prices. Business Insider senior personal finance reporter Jennifer Streaks discusses the cost changes and how to find meal deals.
Alex Jones sues The Onion
Conspiracy theorist Alex Jones filed a lawsuit this week to try to block the sale of his right-wing company Infowars to satirical publisher The Onion. CBS News legal contributor Jessica Levinson breaks it down.
Russia, Ukraine war update
The Pentagon said Russia fired an experimental intermediate range ballistic missile at central Ukraine on Thursday. CBS News foreign correspondent Holly Williams reports.