Markets rally in another topsy-turvy day on Wall Street
Wall Street analysts expect the central bank this week to signal that it will raise interest rates starting in March.
Stock Market
Stock markets end up after wild trading day
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
Stocks rebound after entering "correction" territory
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.
DOJ announces Texas redistricting lawsuit
The Department of Justice is suing Texas over GOP-approved redistricting maps that the department says discriminate against Black and Latino voters. Plus, the stock market bounces back as health experts find that the Omicron variant of COVID-19 may not be as deadly. CBS News chief Washington correspondent Major Garrett and Politico national correspondent Meridith McGraw join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
President Biden discusses November jobs report
President Biden chose to highlight the lower unemployment rate on Friday which dropped from 4.6 to 4.2 percent for November – glossing over the weak jobs numbers, which were much lower than expected. The stock market did not react kindly to the news, ending on a down note following a tumultuous week. Christina Ruffini has the details from the White House.
Omicron variant, inflation cause stock drop
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the stock market's drop upon news that the Fed could end some emergency COVID measures sooner than expected. Plus, what the newly-identified Omicron COVID-19 variant is doing to the economy.
11/30: Red and Blue
Omicron COVID-19 variant creates uncertainty across markets; Barbados becomes world's newest republic
Stocks sink after vaccine maker expresses Omicron concerns
Investors weighing potential impact of the new COVID-19 variant and the Fed chief's change of tune about rising prices.
Stock market rebounds as investors weigh Omicron's impact
U.S. stock markets made up half their losses from Friday, the worst trading day in nine months.
Biden promotes small businesses amid drop in stocks
Despite some concerns about the Omicron variants impact on an already fragile stock market, President Biden said he's not at all worried about the possible fall. Weijia Jiang reports.
Dow plunges 900 points on new COVID-19 variant fears
Concerns about the new variant are spurring a stock sell-off, as some European countries impose flight restrictions.
Why Wall Street isn't freaking out about inflation
With rising inflation, many Americans feel bleak about the economy. Here's why Wall Street is shrugging off concerns.
Repot: Trump's SPAC deal may have violated securities laws
Former President Trump secured nearly $300 million in funding for his new social media venture by agreeing to merge with a special purpose acquisition company. But the deal may have skirted securities laws and stock exchange rules, according to a New York Times report. Lauren Hirsch, a business reporter who co-authored the article, joins CBSN's Lana Zak to discuss.
Trump stock slumps after trading frenzy
The shell company that plans to merge with former President Trump's new media platform is losing steam after a trading frenzy in the stock market last week. CBS MoneyWatch reporter Aimee Picchi joins CBSN's Tanya Rivero for more on the story.
Expert on debt ceiling's stock market impact
President Biden signed a bill to fund the government through December 3. But that doesn't solve the issue of the debt ceiling, which Treasury Secretary Janet Yellen says needs to be raised by October 18. CBS News business analyst Jill Schlesinger spoke with Anne-Marie Green and Vladimir Duthiers on CBSN about the potential consequences if Congress can't hammer out a deal and how you should handle your investments amid the uncertainty.
Stocks slump as investors fret about Fed and China's Evergrande
Investors focused on whether the Federal Reserve will signal this week that it plans to withdraw economic stimulus.
Stocks hover near record highs on energy prices, vaccine optimism
While Pfizer fell 3%, many investors were encouraged by the Food & Drug Administration's full approval of its COVID-19 vaccine.
U.S. jobless claims drop for 3rd consecutive week
The Department of Labor reported that U.S. jobless claims dropped for the third week in a row. It signals the American economy is strengthening but economists are still concerned about the impact from the rising COVID-19 cases. Axios markets reporter Courtenay Brown joins CBSN's "Red & Blue" to discuss.
Fears over COVID-19 rattle stock markets
Stock markets tumbled Monday with the Dow seeing its worst day since last October. As fears over another wave of COVID-19 rattled the markets, President Biden urged Americans to get vaccinated and tried to calm concerns about inflation. CBS News senior White House correspondent Weijia Jiang joins CBSN AM to discuss.
June retail sales numbers show spending in U.S. is up
The U.S. Census retail sales report for the month of June was released on Friday and to many analysts, the numbers were promising. The 0.6 percent bump in sales is significant, the Commerce Department says, since the last rise of this size was last seen in March 2021 around the time stimulus checks were doled out. Diane Swonk, chief economist for Grant Thornton, joined CBSN to help make heads or tails of what the rise could mean for Americans.
Robinhood IPO filing reveals $1.4 billion loss
Stock trading app has swelled to 18 million funded accounts, with half representing first-time investors.
Dow has worst week since October on prospect of interest-rate hikes
Top Fed official says first rate increase could come as soon as next year, a year earlier than previous estimate.
Unemployment rate down to 5.8%
Job growth in the U.S. is picking back up as pandemic restrictions ease and COVID-19 vaccinations continue. The Labor Department's latest report shows the country added 559,000 jobs in May and the unemployment rate fell to 5.8%. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to discuss.
How to navigate a zigzagging stock market
May has been a volatile month for U.S. stocks, with investors concerned about inflation and how the Federal Reserve might respond.
How to navigate a zigzagging stock market
May has been a volatile month for the U.S. stock market amid concerns over inflation and how the Federal Reserve might respond. CBS News business analyst Jill Schlesinger joins CBSN to discuss how to navigate the stock market.
Poll: Trump starts on positive note as most approve of transition handling
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
Duckworth says Trump Pentagon pick is "flat-out wrong" about women in combat
Democratic Sen. Tammy Duckworth said that Pete Hegseth is "flat-out wrong" in his view that women should not serve in the military in combat roles.
Potential winter storms forecast across the U.S. on Thanksgiving week
Forecasters have warned of another round of winter weather that could complicate travel around the Thanksgiving holiday.
Former Israeli hostages mark 1 year since war's only release deal
The only truce in the ongoing Israel-Hamas war on Nov. 24, 2023 – fewer than two months after fighting began – led to the release of 80 Israelis held by militants in Gaza.
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.
Connecticut couple charged in $1 million Lululemon theft operation
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Israel says, rabbi killed in the UAE in "heinous antisemitic terror incident"
Zvi Kogan, 28, an ultra-Orthodox rabbi who went missing on Thursday, ran a Kosher grocery store in the futuristic city of Dubai.
Gunmen in southeast Mexico open fire in a bar killing 6 and injuring 5
The shooting took place in the coastal province of Tabasco, which is struggling with a recent increase in violence.
U.S.
More U.S.
Connecticut couple charged in $1 million Lululemon theft operation
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
H.R. McMaster says coming months are "really critical" for Ukraine
Lt. Gen. H.R. McMaster said that Russia and Ukraine are both incentivized to make "as many gains on the battlefield as they can before the new Trump administration comes in."
Full transcript of "Face the Nation with Margaret Brennan," Nov. 24, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Rand Paul and Tammy Duckworth join Margaret Brennan.
Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Popular tortilla strips recalled over undeclared wheat allergen
Tortilla strips sold in grocery stores across the U.S. have been recalled due to concerns about an undeclared wheat allergen.
MoneyWatch
More MoneyWatch
Hyundai, Kia recall more than 208,000 electric vehicles over power loss issue
Car dealers will inspect and replace the control unit and a fuse if needed, as well as update software.
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.
Politics
More Politics
H.R. McMaster says coming months are "really critical" for Ukraine
Lt. Gen. H.R. McMaster said that Russia and Ukraine are both incentivized to make "as many gains on the battlefield as they can before the new Trump administration comes in."
Full transcript of "Face the Nation with Margaret Brennan," Nov. 24, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Rand Paul and Tammy Duckworth join Margaret Brennan.
Duckworth says Trump Pentagon pick is "flat-out wrong" about women in combat
Democratic Sen. Tammy Duckworth said that Pete Hegseth is "flat-out wrong" in his view that women should not serve in the military in combat roles.
Transcript: Rep.-elect Sarah McBride on "Face the Nation with Margaret Brennan," Nov. 24, 2024
The following is a transcript of an interview with Rep.-elect Sarah McBride, Democrat of Delaware, on "Face the Nation with Margaret Brennan" that aired on Nov. 24, 2024.
Transcript: H.R. McMaster on "Face the Nation with Margaret Brennan," Nov. 24, 2024
The following is a transcript of an interview with Ret. Gen. H.R. McMaster, national security adviser in the first Trump administration, on "Face the Nation with Margaret Brennan" that aired on Nov. 24, 2024.
HealthWatch
More HealthWatch
A study to devise nutritional guidance just for you
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
A study to personalize nutrition guidance just for you
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
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.
World
More World
Former Israeli hostages mark 1 year since war's only release deal
The only truce in the ongoing Israel-Hamas war on Nov. 24, 2023 – fewer than two months after fighting began – led to the release of 80 Israelis held by militants in Gaza.
Gunmen in southeast Mexico open fire in a bar killing 6 and injuring 5
The shooting took place in the coastal province of Tabasco, which is struggling with a recent increase in violence.
Israeli strike kills Lebanese soldier as Hezbollah fires 185 rockets at Israel
Israeli strikes have killed over 40 Lebanese troops since the start of the war between Israel and Hezbollah, even as Lebanon's military has largely kept to the sidelines.
Gazan chefs cook up hope and humanity for online audience
Ten-year-old Chef Renad (who's gained a following on Instagram) and Hamada Shaqoura (who relies on humanitarian aid and crude cooking arrangements) educate while preparing meals in war-torn Gaza.
U.S Air Force says drones spotted near 3 bases in England last week
The drones were spotted between Wednesday and Friday near RAF Lakenheath, RAF Mildenhall and RAF Feltwell.
Entertainment
More Entertainment
Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
What makes a martini a martini?
There are very few American inventions more American than the martini – a classic cocktail of gin and vermouth, garnished with lemon. But today, a martini's ingredients may be up for debate.
Mick Fleetwood plays to the future in Maui
Last year's horrific wildfires turned Lahaina into a disaster zone, and destroyed the Fleetwood Mac founder's club, Fleetwood's on Front Street. Today, Mick Fleetwood is determined to rebuild, saying, "There has to be music."
Mick Fleetwood plays to the future in Maui
As a young man, Fleetwood Mac founder Mick Fleetwood dreamed of a place – a club – where he could get his friends together. Twelve years ago, he made it happen in the west Maui city of Lahaina: Fleetwood's on Front Street. But last year's horrific wildfires turned Lahaina into a disaster zone, and destroyed his treasured club. Today, Fleetwood says he's determined to rebuild. Correspondent Tracy Smith reports.
"Sandwiches of History": Resurrecting sandwich recipes that time forgot
Every week on his blog, "Sandwiches of History," Barry Enderwick rescues sandwich recipes from the dustbin of history. He's now collected some of the unlikeliest (and even amazing) historical recipes in a cookbook.
Technology
More Technology
Technology
A new generation of shopping cart, with GPS and AI
At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.
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.
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 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.
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.
Science
More Science
Science
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
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.
Crime
More Crime
Connecticut couple charged in $1 million Lululemon theft operation
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
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.
Space
More Space
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
More Latest Galleries
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
McBride: "I didn't run" for Congress to talk about bathrooms
Rep.-elect Sarah McBride, the first openly transgender person to be elected to Congress, tells "Face the Nation with Margaret Brennan" that as Republicans have sought to put forward a bathroom ban in the Capitol, she "didn't run for the United States House of Representatives to talk about what bathroom I use."
McMaster: Upcoming months are "really critical" for Ukraine
Ret. Gen. H.R. McMaster, who served as national security adviser in the first Trump administration, tells "Face the Nation with Margaret Brennan" that the longer-range missiles the White House are sending to Ukraine "can make a difference" in the final days of the Biden administration.The result, McMaster said, is the next few months are "really critical" for Ukraine.
Van Hollen: Biden "not complying" with U.S. law on arms shipments
Democratic Sen. Chris Van Hollen of Maryland, who last week backed Sen. Bernie Sanders' bill to block U.S. sending arms to Israel, told "Face the Nation with Margaret Brennan" that President Biden " is not fully complying with American law" on sending arms to Israel.
Duckworth: Hegseth "flat-out wrong" about women in combat roles
Democratic Sen. Tammy Duckworth of Illinois, a combat veteran of the Iraq War, tells "Face the Nation" that Pete Hegseth, President-elect Donald Trump's pick to lead the Defense Department, is "flat-out wrong" in his assessment that women shouldn't be in combat roles.
Paul: "Will not support" use of military in deportations
Republican Sen. Rand Pual of Kentucky tells "Face the Nation" that while he supports President-elect Donald Trump's plans for mass deportation, but through the "normal process of domestic policing." "I will not support and will not vote to use the military in our cities," Paul said.