Stocks rise after Fed announces second consecutive 0.75% hike
Strong financial results from Alphabet, Boeing and other corporate bellwethers helped lift investors' mood.
Stock Market
U.S. stocks tumble over fears of another Fed rate hike
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Stocks sink after weak profit report from Walmart
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Stock market rallies amid positive Tesla earnings report
Melissa Armo, founder of the educational firm The Stock Swoosh joined CBS News to discuss the how latest jobs report, and President Biden's positive COVID-19 test, could effect the stock market.
U.S. jobless claim rise in mid-July
The Department of Labor's weekly unemployment report shows there were 251,000 first time applications filed in the week ending July 16. Senior economic analyst and Washington bureau chief at Bankrate.com, Mark Hamrick, joined CBS News' Anne-Marie Green and Vladimir Duthiers with more on what this means for our economy.
Netflix stock rises despite subscriber losses
Netflix's stock rose Wednesday despite reporting that it lost 970,000 subscribers in the second quarter. Dade Hayes, Deadline business editor and co-author of "Binge-Time" joined CBS News to discuss what this could mean for Netflix moving forward.
Stocks sweep higher on Wall Street as profit reports roll in
Investors were cheered by strong earnings reports and an ongoing decline in the price of gasoline, easing inflation fears.
Fear of recession looms as inflation ticks up
U.S. stocks rallied to cap a four-day losing streak on Wall Street as inflation continues to rise across the country. Wall Street Journal markets reporter Akane Ohtani joins "CBS News Mornings" with the latest.
Strong close of week for U.S. stock market
The U.S. stock market ended the week strong despite fears brought on by the latest spiking inflation numbers. John Leer, chief economist for Morning Consult, joined CBS News to discuss what's driving U.S. stocks and what to expect at the upcoming Federal Reserve meeting.
Stocks rally as investors look for "pockets of optimism"
Investors were cheered by new data on strong consumer spending, but worries remain about the impact of high inflation.
U.S. stock market dips as inflation rate rises
Washington Post economics correspondent Rachel Siegel joined CBS News' Tanya Rivero and Elaine Quijano to discuss the latest market updates.
U.S. stocks sink as investors worry Fed hikes might derail growth
"Growth fears are hitting the markets harder than inflation concerns," said one analyst.
Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
MoneyWatch: Stock market enters third quarter after its worst first half of a year in over 50 years
The stock market closed the second quarter at its worst in over half a century, while the U.S. could begin lifting tariffs on China -- which would have a ripple impact across the economy. Melissa Armo, founder and owner of The Stock Swoosh, LLC, joins "CBS News Mornings" with advice for those looking to invest in the new quarter.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Analyzing stocks, inflation, job market
CBS News' Tanya Rivero talks with Hope King, a business reporter for Axios, about the current state of the U.S. economy, what impacted the U.S. stock market on Friday, and the significance of recent consumer and unemployment reports.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Consumer confidence declines amid inflation
Yahoo Finance anchor and reporter Akiko Fujita spoke with CBS News' Elaine Quijano and Tanya Rivero about the impacts of inflation on consumer confidence and spending. Fujita also discussed a new ban on Russian imports and how sanctions could affect the U.S. economy.
Stocks fall as inflation fears continue to grip investors
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
MoneyWatch: Market recap for June 27th, 2022
All three major stock market indexes showed some volatility on Monday, with the Dow Jones down about 60 points at the end of the afternoon following early gains in the morning. Jeanna Smialek, a reporter covering the Federal Reserve and the economy at The New York Times, discussed factors driving the current market and how the Fed is working to combat inflation on CBS News.
S&P 500 on pace toward worst start in decades
Wall Street Journal reporter Julia-Ambra Verlaine joins "CBS News Mornings" to discuss why economists are optimistic about the second half of the year, despite a slow financial start to 2022.
Dow Jones rallies 800 points Friday
Aaron Weinman, finance correspondent for Business Insider, joined CBS News' Michelle Miller and Tanya Rivero to discuss Friday's stock market rally.
Stocks jump, with Wall Street on track for rare winning week
Financial markets are rising, with some analysts predicting an economic slowdown rather than a recession.
Stocks droop on Fed's commitment to "restore price stability"
Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.
GOP senator blocks promotion of general involved in Afghanistan withdrawal
Lt. Gen. Christopher Donahue was slated to be promoted to a four-star rank and take command of the U.S. Army in Europe.
Nations at COP29 climate talks agree on $300 billion a year for poor countries
The $300 billion will go to developing countries who need the cash to wean themselves off coal, oil and gas.
Trump picks former White House aide Brooke Rollins to lead the USDA
The sprawling U.S. Department of Agriculture controls policies, regulations and aid programs related to farming, forestry, ranching, food quality and nutrition.
Singer-songwriter Khalid comes out as gay after being outed
The Grammy nominee, 26, posted a rainbow flag emoji and short statement, then added in another post that he had been "outted."
Israeli airstrikes kill at least 20 in Beirut as diplomats push for cease-fire
The strikes, which destroyed an eight-story building and left a crater in the ground, were the fourth in Beirut in less than a week.
Fred Harris, former senator and presidential candidate, dies at 94
It fell to Fred Harris, chair of the Democratic National Committee in 1969 and 1970, to help heal the party's wounds from the tumultuous national convention in 1968 when protesters and police clashed in Chicago.
Marta's Orlando Pride defeat Washington Spirit for their first NWSL title
Orlando is the first team since 2019 to win the NWSL Shield and the title in the same year.
2 killed in U.S. Civil Air Patrol plane crash in Northern Colorado
Two people were killed and a third was injured when a U.S. Civil Air Patrol plane crashed in Colorado's Front Range Saturday morning.
Trump selects Scott Bessent for Treasury secretary
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
U.S.
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Marta's Orlando Pride defeat Washington Spirit for their first NWSL title
Orlando is the first team since 2019 to win the NWSL Shield and the title in the same year.
Fugitive Kaitlin Armstrong caught after answering ad for a yoga instructor
When cyclist Anna Moriah "Mo" Wilson was murdered in Texas, U.S. Marshals assigned to the case used a unique tactic to track down her suspected killer in Costa Rica and bring the fugitive to justice.
Fred Harris, former U.S. senator and presidential candidate, dies at 94
It fell to Fred Harris, chair of the Democratic National Committee in 1969 and 1970, to help heal the party's wounds from the tumultuous national convention in 1968 when protesters and police clashed in Chicago.
GOP senator blocks promotion of general involved in Afghanistan withdrawal
Lt. Gen. Christopher Donahue was slated to be promoted to a four-star rank and take command of the U.S. Army in Europe.
Trump picks former White House aide Brooke Rollins to lead the USDA
The sprawling U.S. Department of Agriculture controls policies, regulations and aid programs related to farming, forestry, ranching, food quality and nutrition.
MoneyWatch
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Who is Scott Bessent? What to know about Trump's Treasury secretary pick.
If confirmed, Bessent would runn the department that manages the nation's finances as well as its tax agency, the Internal Revenue Service.
Trump selects Scott Bessent for Treasury secretary
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Walmart must pay driver it accused of fraud $35 million, jury says
A jury ruled that Walmart must pay a former employee almost $35 million after finding that the retailer defamed him.
Eggs are getting scarcer and pricier ahead of the holidays. Here's why.
Highly Pathogenic Avian Influenza — also known as bird flu — is killing layer hens and reducing the nation's egg supply.
Supreme Court takes up FCC fund dispute over subsidies for rural telecom services
The Universal Service Fund was created by Congress in 1996.
Politics
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Fred Harris, former U.S. senator and presidential candidate, dies at 94
It fell to Fred Harris, chair of the Democratic National Committee in 1969 and 1970, to help heal the party's wounds from the tumultuous national convention in 1968 when protesters and police clashed in Chicago.
GOP senator blocks promotion of general involved in Afghanistan withdrawal
Lt. Gen. Christopher Donahue was slated to be promoted to a four-star rank and take command of the U.S. Army in Europe.
Trump picks former White House aide Brooke Rollins to lead the USDA
The sprawling U.S. Department of Agriculture controls policies, regulations and aid programs related to farming, forestry, ranching, food quality and nutrition.
Trump meets with NATO head in Florida for talks on global security
In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida.
Trump nominates Marty Makary, who opposed COVID vaccine mandates, to head FDA
President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration.
HealthWatch
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New treatments offer hope for older patients with a deadly cancer diagnosis
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
1 infant dead in California, 9 hospitalized in latest listeria outbreak
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
E. coli outbreak in St. Louis sickens 106, hospitalizes 2
More than half of the cases involve students, parents and guests of Rockwood Summit High School who attended events where food from Andre's Banquets and Catering was served.
What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
World
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Nations at COP29 climate talks agree on $300 billion a year for poor countries
The $300 billion will go to developing countries who need the cash to wean themselves off coal, oil and gas.
Russia bans child adoption from countries that allow gender transition
The adoption ban would apply to at least 15 countries, most of them in Europe, and Australia, Argentina and Canada.
Kayaker's leg amputated after 20-hour rescue to free him from rocks
Officials said the man, a tourist in his 60s, was kayaking with friends in the Franklin River when he slipped and became trapped.
Israeli airstrikes kill at least 20 in Beirut as diplomats push for cease-fire
The strikes, which destroyed an eight-story building and left a crater in the ground, were the fourth in Beirut in less than a week.
A craving for good food flips gender roles in Italy
Around the world, women cook more meals per week than men, but Italy serves as the exception to the rule.
Entertainment
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Singer-songwriter Khalid comes out as gay after being outed
The Grammy nominee, 26, posted a rainbow flag emoji and short statement, then added in another post that he had been "outted."
Jonathan Majors' ex-girlfriend drops assault and defamation lawsuit
Lawyers for actor Jonathan Majors and Grace Jabbari agreed to dismiss the case with prejudice, according to a joint filing in Manhattan federal court.
The Coward Brothers perform "Early Shirley"
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. Now, from "The Coward Brothers," here are the Coward Brothers with "Early Shirley."
The Coward Brothers on new album
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. The pair opened up to CBS Saturday Morning about their fictional personas and that long hiatus earlier this week.
The Coward Brothers perform "Tipsy Woman"
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. Now, from "The Coward Brothers," here are the Coward Brothers with "Tipsy Woman."
Technology
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Technology
Who has the best Black Friday tech prices?
Black Friday is almost here, but some of the hottest tech items are already on sale. CNET senior editor Lisa Eadicicco joins CBS News to discuss high-demand gifts and what retailers offer the best prices.
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
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.
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.
Science
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Science
How are U.S. winters permanently changing?
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
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.
Crime
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Fugitive Kaitlin Armstrong caught after answering ad for a yoga instructor
When cyclist Anna Moriah "Mo" Wilson was murdered in Texas, U.S. Marshals assigned to the case used a unique tactic to track down her suspected killer in Costa Rica and bring the fugitive to justice.
$20 million settlement reached in death of woman fatally shot by officer
Teresa Gomez, 45, was fatally shot in 2023 after a Las Cruces police officer on a bicycle approached her while she sat in a parked car with another person, authorities said.
Police chief kills himself as troops close in to arrest him in Mexico
The police chief killed himself with his own weapon as marines, National Guard and soldiers closed in to try to arrest him, prosecutors said.
U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
Space
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Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Capturing Moriah Wilson’s Killer
A promising young athlete is murdered. Her suspected killer disappears and an international manhunt by U.S. Marshals begins. “48 Hours” contributor Jonathan Vigliotti reports.
The Coward Brothers perform "Early Shirley"
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. Now, from "The Coward Brothers," here are the Coward Brothers with "Early Shirley."
The Coward Brothers on new album
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. The pair opened up to CBS Saturday Morning about their fictional personas and that long hiatus earlier this week.
The Coward Brothers perform "Tipsy Woman"
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. Now, from "The Coward Brothers," here are the Coward Brothers with "Tipsy Woman."
Behind the wheel of priceless car collection
This morning, we travel to Los Angeles to explore an American entrepreneur's priceless car collection. It's a thing of beauty fittingly built by a cosmetics empire — and the collection is now so large it can't fit under one roof.