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President Trump withdrew New York Rep. Elise Stefanik's bid to be the next ambassador to the United Nations on Thursday, with Republicans' tight House majority likely to blame. Plus, the Dow Jones and some auto stocks dropped one day after the president announced a 25% tariff on imported cars. CBS News' Ed O'Keefe, Nikole Killion and Kelly O'Grady have the latest.
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Investors on Wall Street are bracing for President Trump's looming tariffs on auto imports. He is expected to unveil the new duties on Wednesday. CBS News senior business and tech correspondent Jo Ling Kent reports.
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Mounting concerns about the Trump administration's trade policies are driving institutional investors away from U.S. stocks.
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Investors await Federal Reserve interest-rate decision this week, while bracing for another round of U.S. tariffs.
Wall Street is looking to bounce back this week after the Dow posted its biggest one-week loss since 2023. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The first weeks of the new Trump administration have sparked stock market jitters and recession fears. Here's advice from top experts.
Tesla sales are down, its stock prices are slumping and the Elon Musk-led electric vehicle company has just lost another previously satisfied customer in the U.S. Senate: Mark Kelly of Arizona. Political strategists Kevin Sheridan and Chuck Rocha join "America Decides" to analyze this and the Democrats' bad week in Congress.
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
President Trump sat down with NATO Secretary General Mark Rutte on Thursday as the U.S. pushes for a ceasefire between Ukraine and Russia. While Russian President Vladimir Putin backed a deal in principle, he said he has "reservations." CBS News' Nancy Cordes and Margaret Brennan have the latest.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Consumer price index data for February shows inflation slowed for the first time since September. It comes as investors navigate uncertainty over President Trump's tariffs. CBS News' Kelly O'Grady and Natalie Brand report.
President Trump's tariffs and a string of rough days on Wall Street are stoking anxiety over a possible recession in the United States. Kristin Myers, editor-in-chief for ETF.com, joined CBS News to discuss the economy.
A recent poll shows 85% of Greenlanders do not want to be part of the United States.
Powerful earthquakes hit Myanmar and Thailand, killing dozens and trapping workers under the rubble of a toppled Bangkok skyscraper that was under construction.
A closely watched measure of inflation shows that prices excluding fuel and food ticked up in February. Here's what to know.
Utah Governor Spencer J. Cox signed a bill banning fluoride from public water supplies. The ban will take effect in May.
Billionaire Elon Musk says he plans to hold a rally in Wisconsin to "personally hand over" $2 million to a pair of voters who have already cast their ballots in the state's hotly contested Supreme Court race.
France and Lebanon say Israel violated its ceasefire with Hezbollah with a strike in Beirut, as deaths mount in Gaza after Israel abandoned its ceasefire with Hamas.
A U.S. Army commander says recovering four soldiers from their submerged vehicle in swampland in Lithuania "will be a long and difficult" operation.
President Trump invoked the wartime Aliens Enemies Act to deport alleged Venezuelan gang members earlier this month.
Lawyers for convicted murderer Michael Tanzi say that his weight and health conditions could cause a lethal injection cocktail to fail.
Billionaire Elon Musk says he plans to hold a rally in Wisconsin to "personally hand over" $2 million to a pair of voters who have already cast their ballots in the state's hotly contested Supreme Court race.
The Sex Pistols, the legendary English punk band, last went on a North American tour in 2003.
A U.S. Army commander says recovering four soldiers from their submerged vehicle in swampland in Lithuania "will be a long and difficult" operation.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
Nikola's Trevor Milton says he received a call from President Trump about a pardon for his fraud conviction.
U.S. egg prices are just starting to fall, but big demand for Easter and Passover could cause prices to edge up again next month.
Nikola's Trevor Milton says he received a call from President Trump about a pardon for his fraud conviction.
A closely watched measure of inflation shows that prices excluding fuel and food ticked up in February. Here's what to know.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
Billionaire Elon Musk says he plans to hold a rally in Wisconsin to "personally hand over" $2 million to a pair of voters who have already cast their ballots in the state's hotly contested Supreme Court race.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
President Trump invoked the wartime Aliens Enemies Act to deport alleged Venezuelan gang members earlier this month.
A recent poll shows 85% of Greenlanders do not want to be part of the United States.
The latest action comes after the U.S. Department of Education said it was investigating 52 universities for alleged racial discrimination earlier this month.
Utah Gov. Spencer J. Cox signed a bill banning fluoride from public water supplies. The ban will take effect in May.
23 measles cases have been confirmed in Kansas, marking an outbreak for the state, according to local health officials.
Health and Human Services Secretary Robert F. Kennedy will cut 3,500 jobs from the Food and Drug Administration and 2,400 from Centers for Disease Control and Prevention.
Health plans limit physical or occupational therapy sessions to as few as 20 a year, no matter the patient's infirmities.
A new study shows how cuts to foreign aid could lead to millions of HIV/AIDS deaths and soaring rates of infections, undoing decades of progress against the virus.
U.S. egg prices are just starting to fall, but big demand for Easter and Passover could cause prices to edge up again next month.
A U.S. Army commander says recovering four soldiers from their submerged vehicle in swampland in Lithuania "will be a long and difficult" operation.
France and Lebanon say Israel violated its ceasefire with Hezbollah with a strike in Beirut, as deaths mount in Gaza after Israel abandoned its ceasefire with Hamas.
A former Australian police officer avoided a prison term when sentenced for killing a 95-year-old nursing home resident with a Taser.
King Charles was hospitalized briefly, more than a year after his cancer diagnosis, due to what Buckingham Palace called "temporary side effects" of his treatment.
The Sex Pistols, the legendary English punk band, last went on a North American tour in 2003.
In her new memoir, the daughter of Kennedys, broadcast journalist and former first lady of California uses poetry to explore a woman in search of herself.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
The iconic Sundance Film Festival will be moving from Park City, Utah to Boulder, Colorado, starting in 2027, the festival and the Colorado Governor's Office announced on Thursday.
William Shatner, who became the oldest person to travel to space at age 90, is offering encouragement and practical advice to Gayle King and the all-female crew launching April 14.
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
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.
Several newspapers have sued OpenAI and Microsoft, seeking to end the practice of using their stories to train artificial intelligence chatbots.
The Senate Intelligence Committee heard testimony on Tuesday from key players involved in a group chat on the messaging app Signal, in which the U.S.'s highly sensitive plans to bomb Houthi targets in Yemen were discussed inadvertently with a journalist. President Trump said that his administration would investigate the government's use of Signal. CBS News contributor and former CIA official Andrew Boyd has more on what it is and how it's used.
Carbon capture chemically removes CO2 from the air, to store or recycle into products. But is this technology – underwritten by the fossil fuel industry – an effective means to address climate change?
As a tool to address rising greenhouse gas emissions, carbon capture chemically removes carbon dioxide from the air, to store or recycle into products. The company behind a new plant to be opened this summer claims the facility will remove 500,000 tons of CO2 a year. But is this form of carbon capture – underwritten by the fossil fuel industry – an effective means to address climate change? Correspondent David Pogue looks at the technology behind this initiative, and the controversy it has raised.
Remains of five mammoths were found archaeologists from the Austrian Academy of Sciences said Thursday in a news statement.
Our planet's closest and brightest neighbor will pass approximately between the Earth and sun this week, in what's called an inferior conjunction.
The new findings come from the Dark Energy Spectroscopic Instrument (DESI), which sits on a telescope at the Kitt Peak National Observatory in Arizona.
Lawyers for convicted murderer Michael Tanzi say that his weight and health conditions could cause a lethal injection cocktail to fail.
"48 Hours" correspondent Jonathan Vigliotti speaks to one of seven Jane Does who testified at the trial of David Pearce, the Los Angeles man charged with murder in the overdose deaths of friends Christy Giles and Hilda Marcela Cabrales in 2021.
An NYC woman says burglars forced their way into her Queens home, tied her up and stole her jewelry and other expensive items.
The Gilgo Beach murder case is moving toward trial, but Rex Heuermann's attorneys are challenging something called nuclear DNA testing.
The mother of murdered model Christy Giles pleads for others to share their locations. She says the technology helped police catch David Pearce, who murdered Giles and her friend, architect Hilda Marcela Cabrales.
Dr. Mae Jemison, the first woman of color in space, shares wisdom and encouragement with "CBS Mornings" co-host Gayle King ahead of King's upcoming Blue Origin launch.
Astronomy fans figuring out where and what time to see the March 29, 2025, partial solar eclipse can check out a map from NASA.
William Shatner, who became the oldest person to travel to space at age 90, is offering encouragement and practical advice to Gayle King and the all-female crew launching April 14.
Democratic members of the House Science, Space and Technology Committee are warning that Department of Government Efficiency cuts to the Office of Space Commerce at the National Oceanic and Atmospheric Administration could harm American interests. CBS News' Natalie Brand reports.
Gayle King will step out of her comfort zone and into a space suit alongside Katy Perry, Lauren Sánchez, Aisha Bowe, Amanda Nguyen and Kerianne Flynn.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Several law firms are challenging President Trump's executive orders targeting their businesses based on what the administration is calling "partisan representations to achieve political ends." CBS News' Scott MacFarlane reports.
The earthquake that rocked Myanmar and was felt in Thailand reached a 7.7 magnitude. John Colin Mutter, a professor at Columbia University, joins CBS News with more details on the severity of the deadly phenomenon.
One of President Trump's latest executive orders calls for Vice President JD Vance to look into programs at the Smithsonian Institution that are federally funded and may deal with "divisive, race-centered ideology." CBS News' Aaron Navarro explains.
Greenlanders are expecting Vice President JD Vance for a short visit to the territory that President Trump has said should be part of the U.S. CBS News' Holly Williams breaks down what to expect.
Israel launched airstrikes on Lebanon for the first time since the ceasefire in the Israel-Hezbollah war. Hugo Bachega with BBC News, a CBS News partner, has more.