How to manage your retirement account in a bear market
With stocks plunging and inflation at a 40-year high, experts offer tips for riding out the turbulence.
Stock Market
Dow drops 880 points amid latest inflation numbers
Inflation is negatively impacting the U.S. stock market. The Dow Jones fell 880 points Friday. Yahoo Finance reporter Alexandra Semenova joins CBS News to discuss the impact of rising consumer prices.
Stocks plunge as inflation soars at fastest pace in 4 decades
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
Stock market hit by inflation fears
Stock markets tanked early Friday after news that May's Consumer Price Index rose more than economists expected. Melissa Armo, founder and owner of The Stock Swoosh, LLC, joined CBS News to discuss the market's reaction to rising inflation.
Stocks slide as investors fret about inflation
Dow dives more than 600 points as central bankers struggle to contain spiraling food, energy and other prices.
Markets await consumer price index report
Lori Bettinger, the co-president of Alliance Partners, joined CBS News' Tanya Rivero and Nikki Battiste to discuss the upcoming consumer price index report.
Stocks fall as trading wobbles along with investor confidence
Trading remains choppy as investors try to determine how rising interest rates and inflation will impact economy.
Stocks fall as inflation fears continue
Yahoo! Finance reporter Emily McCormick speaks with CBS News' Tanya Rivero and Elaine Quijano about the factors causing the U.S. stock market to fluctuate.
U.S. gas prices hit record high
While major financial markets ended the day in positive territory, the average price of gas in the U.S. hit a record high of $4.97 per gallon. CBS News' Elaine Quijano and Tanya Rivero discuss the latest developments with Tom Kloza, global head of energy analysis for the Oil Price Information Service.
U.S. stock funds avoid the bear market
William Power, features editor for The Wall Street Journal, joined CBS News' Tanya Rivero to discuss the bear market at the close of the market Tuesday.
Stocks close down despite upbeat jobs report
The U.S. added 390,000 jobs in May and unemployment remained flat at 3.6%, according to the latest jobs report from the Labor Department, but stocks closed the week in the red. CBS News' Elaine Quijano spoke with Lori Bettinger, president of BancAlliance and former director of the federal Troubled Asset Relief Program, about how this affects your paycheck.
May jobs report better than expected
The May jobs report came in better than expected. The U.S. added 390,000 jobs during the month, and the unemployment rate remained at 3.6%. But inflation is causing a change in trends of how consumers are spending their money. Kevin Gordon, senior investment research manager at Charles Schwab, joins CBS News to break down the jobs report and what it signals about the state of the economy.
Dow ends Thursday firmly in the green
Brian Sozzi, editor-at-large and anchor for Yahoo Finance Live, joined CBS News' Tanya Rivero and Nikki Battiste to discuss the latest on the stock market and other financial news.
MoneyWatch: Fears of a U.S. recession
The manufacturing sector reported Wednesday it boosted production in May. Also, major stock indexes ended the month with slight gains. But investors and some financial experts are still fearful of a recession. Yahoo Finance reporter Alexandra Semenova joined CBS News after the closing bell on Wall Street to discuss why there are warnings of a possible recession despite positive signs in the economy.
MoneyWatch: Stocks down to close out May
The major stock indexes ended Tuesday with losses after ping-ponging throughout the day. Geetu Sharma, the founder and investment manager of AlphasFuture LLC, joins CBS News during the closing bell on Wall Street to discuss what was driving the market and what to expect in June.
Stocks slip after EU agrees to partial ban on Russian oil
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
MoneyWatch: Biden meeting with Fed chair
Americans have been facing rapidly increasing prices at the gas station and grocery store and in the housing market. President Biden is expected to address this during a meeting with Federal Reserve Chairman Jerome Powell on Tuesday. Frances Stacy, director of strategy at Optimal Capital, joined "CBS News Mornings" to discuss what's contributing to high inflation.
Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
MoneyWatch: Markets snap losing streak
The Dow Jones Industrial Average ended the week up more than 500 points, snapping eight straight weeks of losses. The tech heavy NASDAQ and S and P 500 both saw gains as well. Dan Ives, managing director and senior equity analyst at Wedbush Securities, joins CBS News to discuss what's driving the markets.
Stock market comeback gains steam
Greg Swenson, a founding partner of the merchant banking firm Brigg Macadam, joins CBS News' Jim Axelrod to discuss the latest stock market updates.
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
Retirement plan advice as stock market falls
Millions of American's are losing money in their 401K as stocks fall. Frances Stacy, director of strategy at Optimal Capitol, joins CBS News with advice on how to protect your retirement funds.
Wall Street looks to recover losses
Inflation and rising interest rates are affecting stocks and increasing fears about a possible U.S. recession. Joe Saluzzi, co-founder and partner with Themis Trading, joined CBS News to discuss what to expect from the markets in the coming weeks.
MoneyWatch: Stocks and retirement concerns
As the fears about the stock market swings continue, many are worried about their retirement funds. Senior writer, editor and producer at AARP John Waggoner joins "CBS News Mornings" to explain what people ages 50 and older should consider when looking at the changing market.
Impact of Wall Street volatility
A volatile week for the stock market has some investors worried the economy could fall into a recession. Jaime Quiros, senior portfolio manager at FBB Capital Partners, speaks with CBS News' Lana Zak on how the uncertainty could impact our daily lives.
Dozens killed when passenger jet crashes while landing at South Korean airport
The Jeju Air plane burst into flames after veering off a runway and slamming into a wall at an airport in the South Korean city of Muan.
Putin apologizes to Azerbaijani leader for "tragic incident" involving plane crash
The Kremlin said air defense systems were firing near Grozny on Wednesday due to a Ukrainian drone strike, but stopped short of saying one of these hit the plane.
Israel's Netanyahu to undergo prostate removal surgery, his office says
Prime Minister Benjamin Netanyahu was diagnosed with a urinary tract infection from a benign prostate enlargement and will undergo surgery.
At least 2 dead as Texas, Mississippi hit by multiple tornadoes, severe storms
A powerful storm front spawned multiple tornadoes in the Greater Houston metro area Saturday afternoon, officials said.
Winning ticket for $1.22 billion Mega Millions jackpot sold in California
The Mega Millions jackpot winner could either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
Scottie Scheffler withdraws from PGA Tour opener after Christmas dinner injury
Scottie Scheffler withdrew from The Sentry, the winners-only tournament Jan. 2-5 in Kapalua Resort after he injured his hand on a broken glass.
Dodgers star Shohei Ohtani and his wife expecting first child
Dodgers star Shohei Ohtani and his wife, Mamiko Tanaka, are expecting their first child, the player announced Saturday.
Skeletal remains of girl identified a decade after bones found in Hawaii
The remains of Mary Sue Fink were found in June 2014 in Honolulu, DNA Solves said.
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.
U.S.
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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.
At least 2 dead as Texas, Mississippi hit by multiple tornadoes, severe storms
A powerful storm front spawned multiple tornadoes in the Greater Houston metro area Saturday afternoon, officials said.
Skeletal remains of girl identified a decade after bones found in Hawaii
The remains of Mary Sue Fink were found in June 2014 in Honolulu, DNA Solves said.
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.
MoneyWatch
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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.
Here's what the H-1B visa debate with Musk and Ramaswamy is about
Elon Musk and Vivek Ramaswamy are calling for the U.S. to admit more foreign tech workers. Not all Republicans agree with them.
Homelessness jumped to a new record this year as housing costs soared
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
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.
Politics
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Capitol Hill lawmakers experiencing surge of swatting calls, bomb threats
In a Dec. 11 Senate hearing, U.S. Capitol Police Chief Thomas Manger testified that there had been more than 50 so-called "swatting" attacks on members of Congress over the previous month.
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.
Trump opposes TikTok ban, asks Supreme Court for time to resolve via negotiations
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Marc Fogel designated as "wrongfully detained" in Russia
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Trump picks Miami-Dade commissioner as ambassador to Panama
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
HealthWatch
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HealthWatch
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.
Systane eye drops recalled due to potential fungal contamination
Fungal contamination of an eye product is known to potentially cause eye infections, which may be vision- or life-threatening, according to the FDA.
Is multitasking a myth? Here's what research shows.
Busy lives have many of us juggling multiple tasks at once, but is that really multitasking? Here's what expert Linda Stone has learned about the myth of multitasking.
Why some children are turning to GLP-1 drugs
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
World
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Dozens killed when passenger jet crashes while landing at South Korean airport
The Jeju Air plane burst into flames after veering off a runway and slamming into a wall at an airport in the South Korean city of Muan.
Giant waves kill at least 1 in Ecuador, close ports in Peru
Peru closed 91 of its 121 ports until Jan. 1, authorities said.
Israel's Netanyahu to undergo prostate removal surgery, his office says
Prime Minister Benjamin Netanyahu was diagnosed with a urinary tract infection from a benign prostate enlargement and will undergo surgery.
Israel detains director of northern Gaza's hospitals during a raid
Israel's military called the hospital director a suspected Hamas operative while providing no evidence.
Putin apologizes to Azerbaijani leader for "tragic incident" involving plane crash
The Kremlin said air defense systems were firing near Grozny on Wednesday due to a Ukrainian drone strike, but stopped short of saying one of these hit the plane.
Entertainment
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Entertainment
"Romeo and Juliet" actress Olivia Hussey dies at 73
Actress Olivia Hussey, who shot to fame for her portrayal of Juliet in Franco Zeffirelli's controversial 1968 rendition of "Romeo and Juliet," has died at the age of 73.
"Shred Sisters" author talks new novel
From the March sisters in "Little Women" to Cinderella and her wicked stepsisters, the relationship between female siblings is a favorite in works of fiction. One of the latest novels to enter that realm is Betsy Lerner's "Shred Sisters," a book that takes the reader on an emotional journey with three siblings. Lerner sat down with Dana Jacobson to talk about writing the novel, and how her earlier non-fiction writing informed the story.
Olivia Hussey, star of 1968 "Romeo and Juliet," dies at 73
Olivia Hussey won a Golden Globe for best new actress for her part as Juliet in Franco Zeffirelli's 1968 adaptation of William Shakespeare's "Romeo and Juliet."
Extended interview: Robert Eggers
Filmmaker Robert Eggers sits down with "CBS Saturday Morning" to discuss his adaption of the supernatural horror flick "Nosferatu," his passion for storytelling, what he'd like to tell superfans and more.
Cheyenne Grace topping the charts
Cheyenne Grace, a rising star from North Texas who is a high school student, is topping the iTunes charts with her debut holiday album, "Home for Christmas."
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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Science
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.
What to know about the winter solstice, 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
Crime
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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.
Missing Tennessee girl left in the woods by a man she met online, sheriff says
Tangipahoa Parish Sheriff Gerald Sticker said the two had met on a gaming platform.
Man indicted in NYC subway burned woman case
A man accused of setting a woman on fire in a New York City subway train has now been indicted on state murder charges. CBS News New York reporter Hannah Kliger has more.
Activists on woman burned alive in NYC
Medical examiners are using DNA evidence in hopes of identifying the woman who was burned alive on a New York City subway. CBS News legal contributor Jessica Levinson has more. Plus, more details on allegations against music mogul Jay-Z.
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
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Latest CBS News Videos
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.
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.
Virginia zoo welcomes baby pygmy hippo
A baby pygmy hippo is the gift the Metro Richmond Zoo in Virginia received for Christmas this year. Weighing in at just 15 pounds, the new hippo's name will be decided in an online poll that closes on Tuesday.
"Romeo and Juliet" actress Olivia Hussey dies at 73
Actress Olivia Hussey, who shot to fame for her portrayal of Juliet in Franco Zeffirelli's controversial 1968 rendition of "Romeo and Juliet," has died at the age of 73.
Shootout at the Shaughnessys'
A gunfight in the dead of night. The targets fire back. Their son in the crosshairs of suspicion. "48 Hours" contributor Jim Axelrod reports.