Dow plunges more than 1,000 points amid U.S. recession fears
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
S&P 500
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.
Here's what Americans think is the best long-term investment
What's the best place to park your money? Americans put their faith in this long-term investment, a new Gallup poll shows.
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.
S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Just 7 companies drove S&P 500's 2023 growth
Wall Street ended 2023 on a high note, and a group of companies known as the "Magnificent Seven" dominated. David Kass, professor of finance at the University of Maryland, joins CBS News to discuss if the outsized success of so few companies poses a risk to the economy.
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.
Stocks close strong as debt talks improve
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
S&P Dow Jones booting all Russia stocks from its indices
The index giant also said it is stripping Russia of its "emerging market" designation given the "deterioration" in its markets.
Markets soar on Pfizer vaccine, election news
Stock markets got a shot in the arm after promising news of a vaccine and election results were announced. CBS News business analyst Jill Schlesinger explains the factors behind the market surge.
Stocks plummet again as coronavirus fears intensify
Asian shares plunge and Dow and S&P futures tumble as markets' wild ride continues
S&P 500 approaching record high as stocks jump on strong earnings
Investors are cheered by strong earnings reports as well as signals that the economy remains strong
What's behind recent stock market volatility
Stocks finished a wild week mostly down on Friday. The Dow Jones and S&P both ended up losing ground while the Nasdaq made modest gains. With one trading day left in 2018, it's looking like all three major indexes will finish the year as much as seven percent lower than where they began. Yahoo Finance’s editor-at-large, Brian Sozzi, joins “CBS This Morning: Saturday” to discuss what’s behind the volatility.
What's behind bull market milestone
The stock market Wednesday could achieve its longest stretch of growth since March 2000. We're experiencing a bull market, which happens when the stock market grows a continuous rate without a dip of 20 percent. The S&P 500 reached an all-time high Tuesday, closing at more than 2,862 points. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to break down what's behind the bull market and its limitations.
S&P says Venezuela has defaulted on its debt
The credit agency downgraded the country's sovereign debt to "selective default," which means it decided to skip a bond payment
Is Obamacare set for a healthy turnaround?
While warning that politics could alter the equation, a credit ratings agency says 2017's price hikes are a "one-time" issue
Stung by low oil prices, Exxon's credit rating is lowered
S&P lowered oil giant's rating one notch to "AA+" because of slumping oil prices and the large dividend the company pays
Japan's woes earn a credit rating downgrade
Saying Abenomics isn't likely to result in a needed economic revival, S&P dropped the country's rating to A+ from AA-
Jill Wagner reports on the day's top financial stories
CBS News confirms federal investigators are looking into a potential safety defect in some airbags in more one million vehicles, Starbucks is rolling out a wireless phone charging program -- and more. Jill Wagner reports on the day's top financial stories.
Jill Wagner reports on the day's top financial stories
Some big changes to United Airlines' frequent flyer program, P.F. Chang's restaurant chain is investigating a possible customer data breach -- and more. Jill Wagner reports on the day's top financial stories.
Jill Wagner reports on the day's top financial stories
The cost of a cup of coffee keeps going up, President Obama expands a program to help students paying back federal college loans -- and more. Jill Wagner reports on the day's top financial stories.
Jill Wagner reports on the day's top financial headlines
Seattle, Wash., is about to have the highest minimum wage in the nation, Apple introduces new features for their popular devices -- and more . Jill Wagner reports on the day's top financial headlines.
Jill Wagner reports on the day's top financial headlines
President Obama is expected to take historic steps to fight climate change, Apple is promising their best product lineup in 25 years will be unveiled at their annual Worldwide Developers Conference and more. Jill Wagner reports on the day's top financial headlines.
Jimmy Carter, former president and Nobel Peace Prize winner, dies at age 100
Former President Jimmy Carter built a legacy as a tireless champion for peace.
Trump endorses Mike Johnson for speaker
President-elect Donald Trump said Johnson has his "complete and total endorsement."
Jimmy Carter's state funeral to be held on Jan. 9
The state funeral for former President Jimmy Carter will be held in Washington on Jan. 9, 2025, according to a presidential declaration by President Biden.
Court rejects Trump's challenge of sexual abuse verdict in Carroll case
The court roundly rejected claims by Trump that the judge who presided over the trial erred in a series of decisions.
More questions than answers over cause of South Korea plane crash
A Jeju Air Boeing 737-800 skidded down the runway and crashed in a fireball in South Korea, and investigators are just beginning the process of figuring out why.
9 million workers are getting a raise on January 1. Here's where.
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers.
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.
Finnish police report massive clue in suspected undersea cable sabotage
Police in Finland probing damage to undersea cables say a shadowy Russia-linked ship may have dragged its anchor for more than 60 miles.
U.S. sends more aid to Ukraine, likely last tranche of Biden's administration
President Biden said the U.S. will "work relentlessly" to strengthen Ukraine during his final days in office.
U.S.
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Jimmy Carter's extraordinary life in pictures
Former President Jimmy Carter, who died Sunday at the age of 100, led an extraordinary life that began at a peanut farm in Plains, Georgia, and went on to include four years in the world's most powerful office.
Appeals court rejects Trump's challenge of sexual abuse verdict in Carroll case
The court roundly rejected claims by Trump that the judge who presided over the trial erred in a series of decisions.
Trump endorses Mike Johnson for speaker
President-elect Donald Trump said Johnson has his "complete and total endorsement."
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.
U.S. sends more aid to Ukraine, likely last tranche of Biden's administration
President Biden said the U.S. will "work relentlessly" to strengthen Ukraine during his final days in office.
MoneyWatch
More MoneyWatch
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.
9 million workers are getting a raise on January 1. Here's where.
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers.
Book excerpt: "The Hidden Globe: How Wealth Hacks the World" by Atossa Araxia Abrahamian
The journalist-editor explains how special economic zones, tax havens, and free ports are carving up the planet for the highest bidders – and leaving millions of people worse off.
Big Lots reaches deal to keep hundreds of U.S. stores open
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
Janet Yellen tells Congress that U.S. could hit debt limit in mid-January
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
Politics
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Jimmy Carter's extraordinary life in pictures
Former President Jimmy Carter, who died Sunday at the age of 100, led an extraordinary life that began at a peanut farm in Plains, Georgia, and went on to include four years in the world's most powerful office.
Appeals court rejects Trump's challenge of sexual abuse verdict in Carroll case
The court roundly rejected claims by Trump that the judge who presided over the trial erred in a series of decisions.
Trump endorses Mike Johnson for speaker
President-elect Donald Trump said Johnson has his "complete and total endorsement."
U.S. sends more aid to Ukraine, likely last tranche of Biden's administration
President Biden said the U.S. will "work relentlessly" to strengthen Ukraine during his final days in office.
Jimmy Carter's state funeral to be held on Jan. 9
The state funeral for former President Jimmy Carter will be held in Washington on Jan. 9, 2025, according to a presidential declaration by President Biden.
HealthWatch
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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.
Norovirus is surging in parts of the U.S. this winter, CDC data show
Data from the Centers for Disease Control and Prevention show cases of norovirus, the highly contagious stomach bug, are surging in parts of the U.S.
How horses can help mental and physical health
Horse-powered therapy at the Legacy Ranch outside of Chicago has helped people with mental, occupational and physical challenges on their road to recovery. Charlie De Mar reports on how the ranch is literally and physically getting folks back on the horse.
FDA wants new testing to detect asbestos in products with talc
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
World
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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.
More questions than answers over cause of South Korea plane crash
A Jeju Air Boeing 737-800 skidded down the runway and crashed in a fireball in South Korea, and investigators are just beginning the process of figuring out why.
Shark kills tourist, injures another off Egypt's Red Sea coast
The Red Sea is a major tourist destination whose marine life make it popular with divers.
Israel faces calls to free Gaza hospital chief held as Hamas suspect
Israeli forces raided northern Gaza's last hospital and detained its director as a purported Hamas suspect. U.N. officials say he must be freed immediately.
Truck carrying wedding guests plunges into a river, killing dozens
An Ethiopian hospital director says at least 66 people have died after a truck packed with wedding guests plunged into a river.
Entertainment
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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.
Linda Lavin, star of sitcom "Alice" and Tony Award winner, dies at 87
Linda Lavin, a Tony Award-winning stage actress who became a working class icon as a paper-hat wearing waitress on the TV sitcom "Alice," has died. She was 87.
The Book Report: Ron Charles on the best books of 2024
The Washington Post book reviewer offers his picks for some of "the best of the best" fiction and non-fiction of the year.
The Book Report: Ron Charles on the best books of 2024
The Washington Post book reviewer offers his picks for some of "the best of the best" fiction and non-fiction of the year.
Top movies of 2024
"Sunday Morning" checks out the top-grossing films of the past year.
Technology
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Technology
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."
ChatGPT recovers after being hit by outages, OpenAI says
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
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.
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.
Researchers develop robot to help people walk
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
Science
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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.
Orca who carried her dead calf for 17 days has a new baby
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
2,600-year-old shipwreck is raised from waters off Spain
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
Crime
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7 tons of cocaine found buried underneath farm, video shows
Police said they launched the operation when they detected two suspicious speedboats in the area.
Chinese teen gets life sentence for classmate's "particularly cruel" murder
A court in China has sentenced a teen boy to life in prison for murdering his classmate, capping a case that sparked debate over the treatment of juvenile offenders.
15 bodies found in Mexican region plagued by drug cartel violence
Mexico's cartel-related violence is concentrated in or along drug trafficking routes, borders and ports of entry.
How a Texas mom became a witness in her own death investigation
Prosecutors believed Maria Muñoz's death was suspicious, but they weren't sure if she had died by suicide, from an accidental overdose or if she had been murdered.
Texas jeweler killed in targeted hit involving son, daughter-in-law
Nick Shaughnessy and two hit men were sentenced to 35 years, Jackie Edison served 120 days for their roles in the murder of affluent jeweler Ted Shaughnessy, and the attempted murder of his wife Corey.
Space
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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.
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.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Jimmy Carter's rise to the presidency
Jimmy Carter's meteoric rise from Plains, Georgia, to the White House is only part of his story. Lindsay Chervinsky, a presidential historian and the executive director of the George Washington Presidential Library, joins CBS News with more about Carter's legacy.
Trump endorses Johnson for House speaker
President-elect Donald Trump posted his support on social media for House Speaker Mike Johnson as lawmakers prepare to hold a formal vote on the leadership role. This comes as politicians mourn the loss of former President Jimmy Carter. Democratic strategist Joel Payne and Republican strategist Leslie Sanchez join CBS News with more.
Dec 30: CBS News 24/7, 10am ET
Remembering former President Jimmy Carter; Reflecting on Carter's work with Habitat for Humanity.
Some Big Lots stores will remain open
Inflation and high interest rates contributed to the Big Lots' bankruptcy, but a deal with Gordon Brothers Retail Partners will keep hundreds of stores open. CBS News contributor Javier E. David has more.
Deadly storms in Texas, Georgia
Tornadoes and large hail slammed the south of the U.S. At least four deaths have been reported after the storms. CBS News' Jason Allen has more, and CBS News Philadelphia meteorologist Andrew Kozak has the latest weather forecast.