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Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
A major stock market index briefly hit bear market territory on Friday after a volatile week of trading. George Ball, chairman at the investment firm Sanders Morris Harris, speaks with CBS News' Tanya Rivero and Nancy Chen on whether the U.S. economy is headed for a recession.
Stocks claw back losses after flirting with the first bear market since early 2020.
Friday's rebounding stocks are not enough to make up for the steep losses earlier in the week. The hit comes after retail giants Walmart and Target reported lower than expected earnings. Nancy Davis, chief investment officer for Quadratic Capital Management, spoke with CBS News anchors Nancy Chen and Tanya Rivero about how the recent market volatility affects Americans.
The Dow Jones saw its biggest point loss in a single day since the pandemic began. Robert Schein, chief investment officer at Blanke Schein Wealth Management, joins CBS News at the closing bell to break down the day of losses on Wall Street.
The stock market is responding to new consumer spending information coming out this week. Big-box retailers are facing major losses as inflation is driving customers away. David Bahnsen, Founder, Managing Partner and CIO of The Bahnsen Group shares his advice for investors and analysis of the market on "CBS News Mornings."
Stocks plummeted on Wall Street on Wednesday, as poor results from retailers led to renewed fears. Jill Schlesinger has more.
Stocks plummeted on Wall Street after disappointing quarterly results from the nation's largest retailers. CBS News senior White House and political correspondent Ed O'Keefe has the latest. Then, Akane Otani, a reporter for The Wall Street Journal, joins Elaine Quijano on CBS News to explain the current market volatility.
The stock market plunge and inflation present two challenges for President Biden and Democrats, who are hoping to retain control in the upcoming midterm elections. Ed O'Keefe has more details.
S&P 500 suffers biggest one-day drop since 2020 as "stagflation" fears fuel concern about of a U.S. downturn.
Elon Musk has shared online that his deal to buy Twitter is "on hold." The social media giant's stock price has fluctuated in response to the changing news. Axios media reporter Sara Fischer joined "CBS News Mornings" to discuss.
Helene Braun, U.S. markets reporter for CoinDesk, joins CBS News at the closing bell to discuss what's driving the downward trend of the crypto market, and why corporate involvement could make the online currencies lose even more of their value.
Lloyd Blankfein, Goldman Sachs' former CEO and current senior chairman, warned there's a "high risk" of a recession. Meanwhile, China reported a dip in retail sales. Brian Sozzi, anchor and editor at large for Yahoo Finance Live, spoke with CBS News' Tanya Rivero about what's driving the markets.
Gas prices reached another record high Friday. Plus, the U.S. is seeing a shortage of diesel that could spell trouble in the summer months. Tom Kloza, head of energy analysis at the Oil Prices Information Services, joins CBS News to discuss rising gas prices and what drivers can expect in the coming months.
Cryptocurrency trading platform Coinbase has lost half its value in the past week as bitcoin and other digital coins continue to plummet. Ryan Belanger, founder and managing principal of Claro Advisors, joined CBS News' Tanya Rivero to discuss.
Stocks hit their lowest point of the year Monday. All three major domestic indexes dropped by at least 2%. Dory Wiley, president and CEO of Commerce Street Holdings, joined "CBS News Mornings" to explain what's behind the recent swings and share advice for investors.
The stock market continued its downward trend Monday, as Americans face the highest inflation in decades. John Leer, chief economist for Morning Consult. joins Elaine Quijano on CBS News to discuss.
The markets tumbled to kick off the new week, with the Dow Jones dropping roughly 650 points on Monday. Rod von Lipsey, the managing director at UBS Private Wealth Management, joins CBS News to discuss the impact the Federal Reserve's interest rate hikes are having on the markets.
Investors are concerned that tightening monetary policy could tip the U.S. economy into recession.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the dramatic stock market drop following the Federal Reserve raising interest rates to combat high inflation. She explains investors' reactions and what this means.
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
Investors cheered after Federal chair Jerome Powell says central bank is "not actively considering" bigger rate hikes.
S&P 500 has closed higher in May in eight of the past nine years, according to one Wall Street analyst.
The S and P 500 has had its worst four-month start to the year since 1939. William Huston, founder and chief investment officer of Bay Street Capital Holdings, joined CBS News' Tanya Rivero to discuss how concerned investors should be.
See how people around the world welcomed 2025.
The U.S. has imposed sanctions on two groups linked to Russian and Iranian disinformation campaigns targeting this year's election.
A Virginia man was arrested on a gun charge, and investigators say they found a stockpile of pipe bombs at his home.
The Federal Vacancies Reform Act sets the rules for presidents to tap acting officials to fill vacancies throughout the executive branch.
The targets struck by U.S. forces had been used to attack American warships and commercial vessels, officials said.
A woman has been identified as Judy Rodriguez more than three decades after her body was found covered by a board in New York City.
Virtually all of Puerto Rico woke up on New Year's Eve to find there was no electricity, as a power outage hit the U.S. territory.
A variety of New Year's Eve performers are expected for tonight's Times Square ball drop to ring in 2025.
Tesla founder Elon Musk is a vocal proponent of H-1B visas, and his company's use of the program jumped sharply this year.
The truck recall is one of four issued by Ford Motor on the same day for a range of vehicles, including SUVs.
Tesla founder Elon Musk is a vocal proponent of H-1B visas, and his company's use of the program jumped sharply this year.
Luma, a private company that distributes electricity in Puerto Rico, has blamed previous "financial mismanagement" for problems with the island's grid.
Some of the defendants accused of being part of the Capitol attack on Jan. 6, 2021, are now asking courts for permission to return to Washington to attend the inauguration.
A military appeals court ruled Monday that Defense Secretary Lloyd Austin could not withdraw plea agreements for Khalid Sheikh Mohammed and two other defendants.
The truck recall is one of four issued by Ford Motor on the same day for a range of vehicles, including SUVs.
Tesla founder Elon Musk is a vocal proponent of H-1B visas, and his company's use of the program jumped sharply this year.
Luma, a private company that distributes electricity in Puerto Rico, has blamed previous "financial mismanagement" for problems with the island's grid.
Looking to deposit year-end bonus checks or stock up on last-minute party supplies? A rundown of what to expect.
The Treasury Department says Chinese hackers accessed several department workstations and unclassified documents. China denies any involvement.
The U.S. has imposed sanctions on two groups linked to Russian and Iranian disinformation campaigns targeting this year's election.
A Virginia man was arrested on a gun charge, and investigators say they found a stockpile of pipe bombs at his home.
Some of the defendants accused of being part of the Capitol attack on Jan. 6, 2021, are now asking courts for permission to return to Washington to attend the inauguration.
A military appeals court ruled Monday that Defense Secretary Lloyd Austin could not withdraw plea agreements for Khalid Sheikh Mohammed and two other defendants.
The Biden administration imposed new sanctions on Russian and Iranian entities over their attempts to interfere in the 2024 election.
New Year's resolutions rarely last. Here's why they fail so often and how to change that, according to an expert.
Gardners Candies warns that recalled Meltaway Bars product may contain undeclared cashews, a health risk for people with tree nut allergies.
"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.
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.
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.
Wondering when Easter and the Super Bowl are? When the clocks change? Check out the 2025 calendar dates for holidays, big games, movie releases, award shows and more.
The targets struck by U.S. forces had been used to attack American warships and commercial vessels, officials said.
"We are devastated at our dear colleague's death," Swiss Chief Executive Officer Jens Fehlinger said in a statement.
Archaeologists digging in the Jordan Valley recently discovered a collection of ancient coins during this year's Hanukkah holiday.
The prosecutor said his officials will continue investigating until they find "each one of the bodies of the people who have been reported missing."
Country star Dustin Lynch will be a New York correspondent for CBS' "New Year's Eve Live: Nashville's Big Bash" for a second time. He spoke with "CBS Mornings Plus" about what to expect, his music and his plans for 2025.
A variety of New Year's Eve performers are expected for tonight's Times Square ball drop to ring in 2025.
Angelina Jolie and Brad Pitt have reached a divorce settlement, her lawyer says, apparently ending one of the longest and most contentious divorces in Hollywood history.
The FBI believes their homes were targeted as part of the larger trend involving organized crime groups.
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.
The Treasury Department says Chinese hackers accessed several department workstations and unclassified documents. China denies any involvement.
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."
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.
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
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.
It may sound spooky, but a black moon is nothing ominous.
Solar storms may bring northern lights to several states in the northern U.S. just in time for New Year's Eve, but cloud cover may put a damper on festivities.
Hundreds of new species across the globe were identified by scientists in 2024.
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.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Federal prosecutors say FBI agents recovered a stash of more than 150 homemade explosives at a home in Virginia.
The initial investigation of Debra Lee Miller's murder became mired in allegations of potential police misconduct.
A Virginia man was arrested on a gun charge, and investigators say they found a stockpile of pipe bombs at his home.
The woman who was set on fire on the NYC subway has been identified as Debrina Kawam, of Toms River, New Jersey, police say.
A woman has been identified as Judy Rodriguez more than three decades after her body was found covered by a board in New York City.
It may sound spooky, but a black moon is nothing ominous.
Skywatchers can mark the calendar with a busy lineup of celestial occurrences in 2025.
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.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
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.
Experts from the National Transportation Safety Board, Federal Aviation Administration and Boeing joined the probe into the South Korea plane crash that killed all but two of the 181 people on board. Ramy Inocencio has the latest.
Preparations have started for the funeral of former President Jimmy Carter, who died Sunday at age 100. Events are set in Carter's hometown of Plains, Georgia, and in Washington, D.C. Mark Strassman has more.
As a former president, Jimmy Carter had Secret Service protection for the rest of his life. Nicole Sganga has the story of the agents who guarded him around the clock for nearly half a century.
Federal prosecutors say FBI agents recovered a stash of more than 150 homemade explosives at a home in Virginia.
A million people are expected to pack into Times Square in New York City to ring in the New Year. And while there's no specific, credible threats to the celebration, the New York Police Department and National Guard are prepared. Nikki Battiste reports.