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.
Stock Market
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.
Rising CEO pay amplifies calls to tax the rich
The stock market is starting the month off strong as the U.S. economy shows signs of recovery from the pandemic. CBS News senior MoneyWatch reporter Stephen Gandel joins CBSN to discuss how Wall Street is reacting to President Biden's proposal to increase taxes on top-tier income earners, how CEOs' paychecks fared during the pandemic, and the risk of inflation.
U.S. retail sales explode in March, up nearly 10%
Retail sales in March jumped nearly double what economists predicted. It sent stock markets soaring.
S&P 500 closes above 4,000 for first time
Biden's massive infrastructure push seen as good for big tech and smaller companies that benefit from a growing economy.
Many Americans put stimulus money into stocks
Many Americans are planning to their new $1,400 stimulus checks in the stock market. Companies like Amazon, GameStop, and AMC Entertainment may start seeing a boost over the next few weeks, but some finance experts are concerned. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN's Elaine Quijano to break it all down.
Robinhood and Jim Cramer fuel stocks for "stimmy" rally
At least one legendary investor, though, says stimulus checks flowing into the market will lead to a "spectacular bust."
Reddit's WallStreetBets hit by bots
Moderators of Reddit's WallStreetBets forum say they're seeing a large amount of stock-recommendation content being posted by bots. MoneyWatch senior reporter Stephen Gandel joins CBSN AM to break down the latest information on the forum, which caused a stir as members bought Gamestop stock, driving the price up.
WallStreetBets silver market frenzy turns tables on Wall Street
As with GameStop, an extended rise could force big investors to reverse short trades — pushing silver prices higher.
AMC, Nokia and other "meme stocks" targeted by WallStreetBets
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
GameStop, Reddit and the Battle of Wall Street
The titans of finance were shaken by a subculture of amateur traders on WallStreetBets, whose viral stock purchases sent hedge funds reeling.
Stock market slips as GameStop shares soar on Wall Street
GameStop's stock price soared to $325 a share on Friday, capping off a tumultuous week on Wall Street. Despite the video game retailer's success, the overall market sank and ended the week in the red. CEO and founder of Tusk Ventures, Bradley Tusk, joined CBSN to discuss the impact the battle between amateur traders and hedge fund investors will have on the future of the stock market.
GameStop stock rises as trading resumes
Gamestop's stocks are surging once again after the stock-trading app Robinhood reversed its decision and allowed limited trading to resume. It's the latest twist in the ongoing battle between small-scale amateur traders and hedge fund investors. Andrew Smith, chief investment strategist at Delos Capital Advisors, joins CBSN to discuss the impact.
Robinhood resumes limited trading of GameStop
Popular trading app Robinhood is now allowing retail investors to buy shares of GameStop stocks, but only in limited quantities. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to discuss the showdown between Wall Street and home traders.
The Biden Bounce is leaping over stock market's Trump Bump
It's the biggest stock rise from election to inauguration for any president since Hoover. It also creates another risk for President Biden.
Breaking down the obstacles women face in business
Out of the hundreds of companies that go public on the stock market each year, only about 20 have been founded and led by women. Business Insider Editor-in-Chief Alyson Shontell joined CBSN's Lana Zak to discuss the difficulties women face in business.
Wall Street's reaction to Washington mayhem? Record highs
Despite the shocking political turbulence, investment pros expect the U.S. economy to have its best year in decades.
U.S. markets remain resilient despite assault on Capitol
Dow closes at record high, buoyed by hopes for more coronavirus relief following Senate wins for Democrats.
live updates
Pacific Palisades fire, other blazes burn in California as residents flee
A massive wildfire burning in Los Angeles has forced tens of thousands of people to evacuate. Other wind-driven blazes were spreading in the region.
Trump seeks Supreme Court's intervention in "hush money" case
The president-elect is set to be sentenced Friday at 9:30 a.m.
Special counsel's Trump report should be partially released, DOJ says
The Justice Department told a federal appeals court that the portion of special counsel Jack Smith's report on his investigation involving the 2020 election should be released to the public.
New norovirus strain might be driving wave of cases, CDC data suggests
Lower immunity to the new GII.17 strain could be leading to more infections.
Jimmy Carter lies in state at the U.S. Capitol as lawmakers pay respects
Former President Jimmy Carter is being remembered in six days of state funeral events.
Trump won't rule out military action to take control of Greenland as son visits
Greenland's government says Donald Trump Jr. is visiting in a private capacity, so it won't discuss his presence as his father vows to make it part of the U.S.
Governor declares state of emergency as Southern California fires rage
Governor Gavin Newsom has declared a state of emergency for the Pacific Palisades after a massive wildfire erupted on Tuesday, quickly growing to engulf more than 2,900 acres and forcing tens of thousands to evacuate.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
Tesla Cybertruck bomber used ChatGPT to plan attack, police say
Las Vegas police say the man who exploded a Tesla Cybertruck outside a Trump hotel used ChatGPT to help plan the bombing.
U.S.
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New norovirus strain might be driving wave of cases, CDC data suggests
Lower immunity to the new GII.17 strain could be leading to more infections.
Special counsel's Trump report should be partially released, DOJ says
The Justice Department told a federal appeals court that the portion of special counsel Jack Smith's report on his investigation involving the 2020 election should be released to the public.
Los Angeles wildfires preempt SAG Awards' nominations announcement
The Screen Actors Guild Awards nominations have canceled an in-person announcement planned for Wednesday morning due to devastating wildfires and winds in the Los Angeles area.
President Biden says he will become a great-grandfather today
President Biden said he is set to become a great-grandfather on Wednesday with the birth of his eldest granddaughter's first child.
Trump seeks Supreme Court's intervention in "hush money" case
Trump's lawyers argued that the justices should step in and pause his sentencing "to prevent grave injustice and harm to the institution of the presidency."
MoneyWatch
More MoneyWatch
Jimmy Carter's funeral will bring some closings. What to expect.
President Joe Biden designated Thursday, Jan. 9, as a national day of mourning for former President Jimmy Carter.
Another potential port strike is looming. Here's what to know.
After reaching a tentative deal that suspended a short strike in October, unionized dockworkers and port operators face another crucial test.
Verizon settlement: Here's how much some customers are getting
Verizon customers reported receiving settlement payments well below the minimum of $15, as stipulated in agreement.
CFPB sues Experian over "sham investigations" into consumer complaints
Experian accused of violating Fair Credit Reporting Act by reinserting disputed information back into credit reports.
U.S. Defense Department bans Tencent and other Chinese companies
Washington seeks to restrict sharing of advanced technology, deeming it a threat to national security.
Politics
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Special counsel's Trump report should be partially released, DOJ says
The Justice Department told a federal appeals court that the portion of special counsel Jack Smith's report on his investigation involving the 2020 election should be released to the public.
President Biden says he will become a great-grandfather today
President Biden said he is set to become a great-grandfather on Wednesday with the birth of his eldest granddaughter's first child.
Trump seeks Supreme Court's intervention in "hush money" case
Trump's lawyers argued that the justices should step in and pause his sentencing "to prevent grave injustice and harm to the institution of the presidency."
U.S. asks court to stop plea agreements in alleged 9/11 architect's case
The Justice Dept filed a motion to stop plea deals from moving forward in the war court in Guantanamo Bay, days before Khalid Sheikh Mohammed was set to plead guilty.
Jimmy Carter's funeral will bring some closings. What to expect.
President Joe Biden designated Thursday, Jan. 9, as a national day of mourning for former President Jimmy Carter.
HealthWatch
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How bad is the California wildfire smoke for health?
Tens of thousands of people are evacuating Los Angeles as wildfires blaze across the region, emitting dangerous smoke. Here's how it impacts health.
New norovirus strain might be driving wave of cases, CDC data suggests
Lower immunity to the new GII.17 strain could be leading to more infections.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
Shortage of primary care doctors in U.S. comes down to money — and respect
More medical schools say they will no longer charge tuition. But evidence suggests it will take a lot more than a free ride.
Indian officials confirm first cases of HMPV, say "no reason to worry"
Officials in India have confirmed the country's first seven cases of human metapneumovirus, or HMPV, which is reportedly surging in neighboring China.
World
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Why would Trump want Greenland and the Panama Canal?
Donald Trump says the U.S. needs control of Greenland and the Panama Canal "for national security." Here's why both places are so important.
Iran frees Italian journalist held for three weeks with no explanation
It's believed that Iran detained Italian journalist Cecilia Sala to use as a bargaining chip for the release of two Iranians held by Italy and the U.S.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
Police say hiker lost 2 weeks in mountains found in "great condition"
A hiker who got lost in Australia's Snowy Mountains has shocked police by surviving on a couple muesli bars and foraged berries.
Cartel threatens to kill famed singer: "Last time you will receive a warning"
Photos of a banner threatening the lives of Natanael Cano and several other artists circulated on social media over the weekend.
Entertainment
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Entertainment
Julia Michaels on new song with Maren Morris
Julia Michaels, a six-time Grammy nominee known for writing hits for artists like Dua Lipa and Justin Bieber, shares a first look at "Scissors," her upcoming collaboration with Maren Morris.
Amazon Books on top reads for 2025
Amazon Books' editorial director Sarah Gelman joins "CBS Mornings" with recommendations to help reset your life in January and become the best version of yourself in 2025.
Los Angeles wildfires preempt SAG Awards' nominations announcement
The Screen Actors Guild Awards nominations have canceled an in-person announcement planned for Wednesday morning due to devastating wildfires and winds in the Los Angeles area.
Second man charged in Liam Payne's death surrenders to Argentine police
David Ezequiel Pereyra, 21, surrendered Monday to police in Barracas, south of Buenos Aires.
Peter Yarrow of Peter, Paul and Mary dies at age 86
Peter Yarrow was a singer-songwriter and a social activist, but he was best known as one-third of the folk-music group Peter, Paul and Mary.
Technology
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Technology
Implications of Meta's decision
Nick Thompson, CEO of "The Atlantic" and former editor-in-chief of "Wired," discusses the consequences of Meta's decision to end its fact-checking program and the rise of self-policing in a "post-information" age.
AI is center stage at 2025 CES
The 2025 Consumer Electronics Show was underway in Las Vegas on Tuesday. The annual trade conference spotlights some of the newest technological innovations from companies across the globe. Jason Hiner, editor-in-chief for tech news site ZDNET joins "The Daily Report" to discuss.
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.
Meta to stop fact-checking on Instagram, Facebook
Meta, parent company of Facebook and Instagram, announced Tuesday that its platforms will eliminate their third-party fact-checking systems. NPR correspondent Shannon Bond joins "The Daily Report" to discuss what that could mean for users moving forward.
Meta to end fact-checking on its platforms
Mark Zuckerberg announced Tuesday that Meta is ending its fact-checking program for its platforms, which include Instagram and Facebook. President-elect Donald Trump said Tuesday he believed the change might be due to political threats he has made against Zuckerberg and his company in the past. Kelly O'Grady reports.
Science
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Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
Jimmy Carter's environmental legacy
As the U.S. Capitol prepares to honor former President Jimmy Carter, Rolling Stone climate reporter Jeff Goodell looks back on his environmental legacy.
U.K.'s biggest dinosaur footprint site discovered: "So surreal"
It is hoped the discovery will provide clues about how dinosaurs interacted, as well as their size and the speeds at which they moved.
What to know about tonight's "black moon"
It may sound spooky, but a black moon is nothing ominous.
Northern lights may be visible in parts of the U.S. New Year's Eve
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.
Crime
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Cartel threatens to kill famed singer: "Last time you will receive a warning"
Photos of a banner threatening the lives of Natanael Cano and several other artists circulated on social media over the weekend.
Yellowstone Park shooter spewed racist views before attack, prosecutors say
Prosecutors said the gunman expressed white supremacist and antisemitic views before the shooting at Yellowstone National Park.
Image shows IED that was placed in French Quarter by truck attacker
Authorities say the New Orleans truck attacker placed two IEDs in the French Quarter. The photo shows rolls of nails and what appears to be a radio receiver inside a cooler.
Sons of "El Chapo" are negotiating plea deals with U.S. prosecutors
Ovidio Guzmán López and Joaquin Guzmán López didn't appear at the hearing in Chicago on Tuesday where prosecutors said they needed more time.
Louisiana mayor arrested after drug trafficking investigation
Seven people — including Tyrin Truong, mayor of Bogalusa, Louisiana — are facing charges issued in connection with a drug trafficking investigation.
Space
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NASA studies options to rein in cost of Mars Sample Return mission
NASA hopes a revised plan will get Mars samples back to Earth faster and cost less than the agency's original plan.
Webb telescope spots record number of stars in distant galaxy
A phenomenon called gravitational lensing turned a galaxy into a "hall of mirrors of cosmic proportions," allowing for the discovery.
NASA probe beams home update after record-breaking flyby of sun
NASA said scientists began receiving more detailed telemetry — or "housekeeping data" — from the spacecraft on New Year's Day.
When and where to see the Quadrantids, 2025's first meteor shower
The first meteor shower of 2025 is about to peak. Here's how to watch and where you can see the Quadrantids.
Space debris weighing over 1,000 pounds crashes into Kenya village
Officials said they were investigating fragments of metal, believed to be from a rocket, that crashed into a village in the country's south.
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
Resident who fled L.A. fires on devastation
Sue Kohl evacuated as wildfires threatened her Southern California community. She joined CBS News to describe her experience.
Destruction in Malibu Village from L.A. fires
KCAL News' Rick Montanez reports from Malibu Village as wildfires rage around the Los Angeles area in Southern California.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Julia Michaels on new song with Maren Morris
Julia Michaels, a six-time Grammy nominee known for writing hits for artists like Dua Lipa and Justin Bieber, shares a first look at "Scissors," her upcoming collaboration with Maren Morris.
L.A. County Supervisor on wildfire conditions
L.A. County Supervisor Lindsey Horvath provides an update on the Palisades fire and other wildfires wreaking havoc across the region.