OPEC, oil nations agree to unprecedented production cut
Stocks tumbled despite the historic cut of almost 10 million barrels, ushered in through President Donald Trump's efforts.
Stock Market
Senator to dump her stocks after coronavirus sales uproar
Lawmaker denies wrongdoing in trades she and her husband, who heads New York Stock Exchange, made before market crash.
Stocks drop for the week as layoffs spook Wall Street
The Dow slumped on Friday after U.S. employers cut 701,000 more jobs than they added, the first drop in a decade.
Stocks suffer their worst quarter since 2008
"This is the fastest move in history from an all-time high to a bear market," one finance pro commented.
Wall Street's rally rolls on, aided by health care stocks
Investors were buoyed by health care companies announcing developments that could slow the pandemic.
Stocks tumble Friday morning
The Dow Jones Industrial Average dropped again Friday morning after rallying earlier this week. Melissa Armo, C.E.O. and founder of The Stock Swoosh, joined CBSN to talk about what's happening on Wall Street.
Stocks drop as U.S. tops world in coronavirus cases
$2 trillion stimulus package "is a patch, not a panacea" for the American economy, Morgan Stanley says.
Stocks rise after Dow's biggest rally since 1933
Investors weighing impact of $2 trillion stimulus bill versus the pandemic's growing economic toll.
Senate nearing deal on coronavirus bill
Congressional leaders are close to reaching a $2 trillion rescue package as the stock market made a huge gain on Tuesday. Nancy Cordes has the latest from Capitol Hill.
Dow up 2,100 points on hopes for coronavirus bill
As pandemic slams U.S. economy, investors are counting on Congress to pass relief package approaching $2 trillion.
Stocks open down after historic plunge last week
U.S. markets were down Monday morning despite the Federal Reserve announcing unprecedented measures to stabilize the markets. Melissa Armo, C.E.O. and founder of the Stock Swoosh, joined CBSN to talk about what's happening on Wall Street.
Stocks drop after Senate fails to pass coronavirus aid
Wall Street is looking to Washington to act as economic activity collapses around the country.
Senators sold off stocks before market spiral
Four U.S. senators reportedly sold stocks before the coronavirus sent markets plunging. Republican Senator Richard Burr sold up to roughly $1.7 million in mid-February, days after penning an op-ed assuring Americans that the U.S. was prepared to handle the disease. No charges have been filed and there is no evidence any of the four senators had insider information. Nancy Cordes reveals who the other Senators are and breaks down the details surrounding the accusations.
Coronavirus sparks more market volatility
Stock markets are down again Wednesday morning as fears about the coronavirus have led to investor uncertainty. Melissa Armo, CEO and founder of The Stock Swoosh, joins CBSN to talk about what's been happening.
Dow closes below 20,000, wiping out nearly all gains under Trump
Stocks have crumbled in just three weeks, beaten down by mounting investor concerns over the coronavirus.
Stocks' roller coaster ride looks likely to continue, with big drop
Concerns about the coronavirus pandemic bludgeoning the global economy continue to dominate financial markets. Dow futures were down hundreds of points.
Stocks soar 1,000 points as Trump vows "big" crisis package
Wall Street buoyed after Trump's Treasury chief said administration is considering "sending checks to Americans."
U.S. stocks futures bounce around after Wall Street's dark day
Dow futures were up hundreds of points, then in negative territory then back on solid ground after overseas markets stabilized
Stocks lose 80% of Trump Bump since 2016 election
The S&P 500 is now up just 6% since Mr. Trump was inaugurated a little over three years ago in January 2017.
Special Report: Trading halted as stocks plunge
Wall Street halted trading Monday morning for the third time in the past two weeks amid continued alarm about the impact of coronavirus. Anthony Mason anchors a Special Report with reporting from CBS News White House correspondent Weijia Jiang and business analyst Jill Schlessinger.
Stocks crater in biggest drop since 1987
Fed interest-rate cut fails to reassure investors, as Dow plunges nearly 13% on mounting coronavirus fears.
Stock markets reeling after Fed's emergency coronavirus cuts
U.S. central bank's surprise moves suggest a downturn "much deeper and more prolonged" than thought, experts fear.
Economists say the coronavirus could cause a recession this year
A growing chorus of economic experts fear the outbreak will slam the U.S. and global economies.
Wall Street rallies after Trump declares national emergency
Stocks jumped after Mr. Trump detailed measures to contain the coronavirus, reversing losses from Thursday's plunge.
Economist: Coronavirus recession "likely"
The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days -- its fastest slide since 1931. Greg Ip, the Wall Street Journal's chief economics commentator, said a recession is "likely." He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on "CBS This Morning."
live updates
Fires in California decimate Los Angeles area, leave apocalyptic scenes
The Palisades, Eaton, Hurst and Lidia fires are burning in Southern California, forcing tens of thousands of people to evacuate. Here are the latest updates.
Supreme Court won't stop Trump sentencing in "hush money" criminal case
President-elect Trump's sentencing for his criminal conviction is scheduled for Friday morning.
Appeals court won't block partial release of special counsel's Trump report
Special counsel Jack Smith submitted his final report on his investigations into President-elect Donald Trump to Attorney General Merrick Garland on Tuesday.
A month before fires, L.A. fire chief warned about impact of budget cuts
The Los Angeles Fire Department's budget was cut by $17.6 million, about 2%, this fiscal year. The fire chief warned last month it would make it harder to respond to emergencies.
Biden says feds will cover 100% of fire response costs in California
"I told the governor and local officials, spare no expense," President Biden said, calling the damage "catastrophic."
Appeals court pauses plea proceedings in alleged 9/11 architect KSM's case
The U.S. had filed an appeal to stop plea proceedings for alleged 9/11 architect Khalid Sheikh Mohammed and two others from moving forward Friday in the war court in Guantanamo Bay.
Jimmy Carter laid to rest in Plains, Georgia, after funeral service in D.C.
President Biden honored former President Jimmy Carter in a eulogy at his funeral.
JD Vance resigns from Senate ahead of becoming vice president
Ohio Gov. Mike DeWine will appoint Vice President-elect JD Vance's replacement.
Senate advances Laken Riley Act in bipartisan 84-9 vote
The Senate advanced a bill aimed at addressing illegal immigration Thursday as the issue comes front and center under the new Congress.
U.S.
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Questions over attack linger as New Orleans brings in security expert
New Orleans is facing lawsuits and investigations surrounding its safety barriers as the Super Bowl and dozens of Mardi Gras parades loom.
"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
Appeals court won't block partial release of special counsel's Trump report
Special counsel Jack Smith submitted his final report on his investigations into President-elect Donald Trump to Attorney General Merrick Garland on Tuesday.
Alec Baldwin files lawsuit over manslaughter charge in fatal "Rust" shooting
The lawsuit was filed in Santa Fe, where a judge in July dismissed a charge of involuntary manslaughter against Alec Baldwin in the death of cinematographer Halyna Hutchins.
Supreme Court won't stop Trump sentencing in "hush money" criminal case
President-elect Trump's sentencing for his criminal conviction in New York is scheduled for Friday morning.
MoneyWatch
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Prison inmates among those fighting the Los Angeles wildfires
Hundreds of incarcerated firefighters are working to extinguish the massive blaze scorching Los Angeles.
What Californians should know about filing insurance claims after fire
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.
Businesses offer aid to people affected by Los Angeles wildfires
Some businesses are offering free emergency shelter and other services to residents who have been displaced by the Los Angeles fires.
The TikTok ban heads to the Supreme Court tomorrow. Here's what to know.
The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on TikTok in the U.S.
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Politics
More Politics
Appeals court won't block partial release of special counsel's Trump report
Special counsel Jack Smith submitted his final report on his investigations into President-elect Donald Trump to Attorney General Merrick Garland on Tuesday.
Supreme Court won't stop Trump sentencing in "hush money" criminal case
President-elect Trump's sentencing for his criminal conviction in New York is scheduled for Friday morning.
Appeals court pauses plea proceedings in alleged 9/11 architect KSM's case
The U.S. had filed an appeal to stop plea proceedings for alleged 9/11 architect Khalid Sheikh Mohammed and two others from moving forward Friday in the war court in Guantanamo Bay.
JD Vance resigns from Senate ahead of becoming vice president
Ohio Gov. Mike DeWine will appoint Vice President-elect JD Vance's replacement.
Senate advances Laken Riley Act in bipartisan 84-9 vote
The Senate advanced a bill aimed at addressing illegal immigration Thursday as the issue comes front and center under the new Congress.
HealthWatch
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Slipped up during Dry January? Expert tips for getting back on track
In Dry January, people choose to give up alcohol for the month, but what happens if they have a drink? Here's what an expert says.
Over 17,000 doctors urge Senate to reject RFK Jr. as health secretary
Thousands of doctors are calling on the Senate to reject Trump's nomination of Robert F. Kennedy Jr., saying he is "actively dangerous."
Most of the world's 35,000 online pharmacies are run illegally, U.S. warns
Ninety-six percent of online pharmacies were found to violate the law, meaning they were operating without a license and selling medications without prescriptions.
How Olivia Munn's cancer journey sparked life-saving test for Alison Hall
"Inside Edition" correspondent Alison Hall opens up about her breast cancer battle and how Olivia Munn's own experience with early detection inspired her to take a life-saving risk assessment test.
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.
World
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Most of the world's 35,000 online pharmacies are run illegally, U.S. warns
Ninety-six percent of online pharmacies were found to violate the law, meaning they were operating without a license and selling medications without prescriptions.
Poland's president seeks exemption for Netanyahu visit despite ICC warrant
Poland's president wants Benjamin Netanyahu to be able to attend events marking 80 years since the liberation of Auschwitz despite an ICC arrest warrant for the Israeli leader.
Climber's remains identified 6 decades after he fell from glacier
The German man has been identified after his bones, including part of a leg, were discovered in western Austria.
As U.S. announces new Ukraine aid package, Zelenskyy says send troops
Ukraine's leader says partners sending ground troops would help "force Russia into peace," as America's European allies ponder Trump's next move.
Photo shows rescue of baby girl born at sea on migrant ship
"Christmas ended in the Canaries with the rescue of a baby born while crossing the sea," the coastguard said.
Entertainment
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"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
Alec Baldwin files lawsuit over manslaughter charge in fatal "Rust" shooting
The lawsuit was filed in Santa Fe, where a judge in July dismissed a charge of involuntary manslaughter against Alec Baldwin in the death of cinematographer Halyna Hutchins.
Actor Milo Ventimiglia loses home in L.A. fires
Actor Milo Ventimiglia has revealed his family's Malibu home burnt down in the Los Angeles fires -- an eerie reflection of the tragedy that befell his character on the NBC drama series "This Is Us." Tony Dokoupil has more.
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
Court to hear arguments Friday on law forcing TikTok sale by Chinese parent company that takes effect in Jan. 19.
Harlan Coben on success of "Missing You"
Harlan Coben joins CBS Mornings to talk about "Missing You," the global TV hit he executive produces. Based on his novel, the show follows Det. Kat Donovan as she investigates the case of a missing person.
Technology
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The TikTok ban heads to the Supreme Court tomorrow. Here's what to know.
The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on TikTok in the U.S.
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
Court to hear arguments Friday on law forcing TikTok sale by Chinese parent company that takes effect in Jan. 19.
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.
Fact-checkers to Mark Zuckerberg: We never censored anything
Fact-checking firms that teamed with Meta are refuting CEO Mark Zuckerberg's suggestion linking their work to censorship.
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.
Science
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Science
Jimmy Carter's fight against climate change
The wildfires in California are the latest in a string of natural disasters made worse by climate change. Former President Jimmy Carter was one of the first U.S. officials to draw attention to man-made issues impacting the environment. Gus Speth, a member and chair of the Council on Environmental Quality during Carter's presidency, joins "The Daily Report."
What is Biden's legacy on climate change?
Officials on Wednesday afternoon briefed President Biden about the massive wildfires in Southern California fueled by climate change. Slashing Mr. Biden's climate regulations is at the top of President-elect Donald Trump's to-do list. CBS News environmental correspondent David Schecter joins "America Decides" to look at the outgoing president's record on the issue.
Biden offers aid to California to fight fires
Multiple fires are burning in the Los Angeles area, forcing thousands to flee their homes and destroying hundreds of buildings. President Biden approved a major disaster declaration Wednesday afternoon to help California boost the ranks of those battling the blazes. CBS News correspondent Elise Preston has more from Malibu.
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.
Crime
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Military doctor pleads guilty to sexually abusing dozens of soldiers
Maj. Michael Stockin faced 52 charges involving claims of abusive sexual contact with 41 victims, the Army said.
Japan mafia leader pleads guilty in U.S. to nuclear material trafficking
Takeshi Ebisawa allegedly conspired to traffic uranium and plutonium from Myanmar in the belief that Iran would use it for nuclear weapons.
ATF urges police to reevaluate reselling used firearms
Police should reconsider reselling their used guns, the ATF said, pushing back against a policy linked to over 1,000 deaths between 2019 and 2023.
Capitol Police arrest man with machete during Carter visitation
U.S. Capitol Police said they found the machete and other knives during a security screening.
George Santos gets delay in sentencing so he can make more podcasts
Disgraced former Rep. George Santos had his February sentencing delayed until April so he can keep making new episodes of his podcast.
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
New Orleans ramps up security
One week after the deadly attack on Bourbon Street in the early morning hours of New Year's Day, New Orleans has brought in a security expert to help guide the city's plans in the near future. As the city faces lawsuits and investigations concerning the supposed mismanagement of safety barriers, New Orleans is preparing for the Super Bowl and dozens of parades in the coming weeks leading up to Mardi Gras. Kati Weis reports.
Efforts to save animals from California fires
Hundreds of volunteers came together at the Pasadena Humane Society to help save animals displaced by the wildfires ravaging the Los Angeles area. CBS News Los Angeles' Josh Sanders reports on the efforts.
Trump on Supreme Court's "hush money" ruling
President-elect Donald Trump answered questions from reporters about the Supreme Court denying his attempt to halt his sentencing in New York's criminal "hush money" case. He also addressed questions about his interaction with former President Barack Obama at President Jimmy Carter's state funeral and criticized Democratic leadership in California amid wildfires.
California officials provide fire update
California officials held a news conference on Thursday evening about the wildfires in the Los Angeles area. They announced that all Los Angeles Unified School District schools will be closed on Friday due to air quality and said they are hoping to get a 12-hour curfew in place inside the mandatory evacuation areas.
Thousands without home insurance in L.A.
Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.