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S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
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Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
If you're looking to grow your 401(k) you may need to keep an eye on it more than usual this year as an unsettled market presents opportunities. Bourree Lam, an author of The Wall Street Journal book "The New Rules of Money," joined CBS News to talk about ways to increase your retirement fund.
A $14 billion deal for Japan's Nippon Steel to buy out U.S. Steel is facing stiff opposition. CBS Pittsburgh money and politics editor Jon Delano examines the details of the sale — and why lawmakers oppose it.
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The Arena Group has fired a few executives following public backlash over Sports Illustrated's alleged use of AI to create fake content.
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
Some reactionary moves are evident in the markets as the war between Israel and Hamas continues. Eric Wallerstein, a markets reporter for The Wall Street Journal, joined CBS News and explained that gold, which he said is "a haven from turmoil," is having its best week since March.
The September jobs report showed that the U.S. economy created 336,000 jobs last month -- a sign that the job market remained strong despite challenges with inflation. Jeanna Smialek, a Federal Reserve and U.S. economy reporter at The New York Times, has more.
The billionaire will not receive compensation for serving as the company's president, CEO and chairman, GameStop said.
San Francisco-based grocery delivery company Instacart made its Nasdaq debut on Tuesday, closing at about a 12% gain. Natalie Lung, a technology reporter for Bloomberg, joins CBS News to discuss Instacart's transition to a public company.
Bank stocks fell Tuesday after Moody's Investors Service downgraded the credit ratings of 10 regional banks, citing growing financial risks and strains that could erode their profitability. The move prompted new concerns over the health of the banking sector. J.D. Durkin, host for financial site TheStreet, joins CBS News to discuss how it all impacts investors and the stock market.
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
High prices and interest rates are still weighing on personal budgets.
The U.S. economy added fewer jobs than predicted in June, sending stocks seesawing even as the unemployment rate remained steady. The report sparked fears that the Fed will raise interest rates again. Natalie Brand is at the White House with more.
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
For the last year, experts have been making predictions of a recession but it hasn't arrived. Edward Yardeni, president and chief investment strategist at Yardeni Research, joins CBS News to break down what is and isn't happening with the economy.
Long market slump was especially painful for Americans saving for retirement, with their investments losing $3 trillion in value.
President Joe Biden addressed the debt ceiling deal in a speech from the Oval Office, saying the bipartisan agreement avoids "economic collapse." Meanwhile, the stock market rallied behind a strong jobs report. Christina Ruffini has more.
Nvidia's market cap fell to around $936 billion on Wednesday after a stock surge triggered by the artificial intelligence boom briefly pushed it to over $1 trillion. Forbes senior writer Richard Nieva joins CBS News to discuss market affection for AI.
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Negotiations on the debt ceiling stalled Tuesday as the White House and House Republicans remain divided over spending cuts. Discussions ended late Tuesday and economists warn that the stock market could crash and the economy may experience a severe recession if no agreement is reached and the United States defaults on its debt. Congressional correspondent Scott MacFarlane reports from Washington.
Friday's speech marks the first time Kamala Harris has released a major policy initiative since President Biden dropped out of the race last month.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
"Our history is not just about the past, it's about our present and our future," President Biden said in a statement.
A daring Ukrainian military push into Russia's Kursk region has seen Kyiv's forces seize scores of villages in what has become the largest incursion into Russia since World War II.
Jack Russell, the frontman of rock band Great White who survived the 2003 Station Nightclub Fire in Rhode Island, has died.
U.S. assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war.
Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.
The escaped killer of a one-year-old girl who fled from a medical transport van, Ramone Alston, was captured days later in a hotel in the Charlotte, N.C. suburb of Kannapolis, authorities said.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
"Our history is not just about the past, it's about our present and our future," President Biden said in a statement.
The remains of U.S. Army Private William Calkins, 20, were identified after being exhumed at the Manila American Cemetery in the Philippines.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
Bewildered by rusty-looking stains on your white clothing this summer? The likely culprit is an ingredient found in over 600 sunscreen products.
The Gold Over America Tour will make stops in 30 cities across the U.S. Here is where tickets are the cheapest.
Florida cucumber grower used untreated canal water found to be tainted with salmonella bacteria, laboratory tests found.
Friday's speech marks the first time Kamala Harris has released a major policy initiative since President Biden dropped out of the race last month.
The Butler County native has been in Russian prison since 2021.
"Our history is not just about the past, it's about our present and our future," President Biden said in a statement.
The campaign says there will be over 2,800 organizing events in the days leading up to the party's Chicago convention next week.
U.S. assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war.
Alternatives to the often dreaded pap smear may be on the way for cervical cancer screenings. Here's what to know.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
ABC News Australia's Nate Byrne is being praised both for how he handled the on-air panic attack as well as the visibility he's bringing to mental health.
Hundreds of thousands of the tiny wind-soaring and itch-inducing critters can fall from trees every day and are packed with a venom that can paralyze prey 166,000 times their size.
Florida cucumber grower used untreated canal water found to be tainted with salmonella bacteria, laboratory tests found.
A 19-year-old giant panda named Ying Ying has given birth to twins, becoming the oldest known first-time panda mom.
The Butler County native has been in Russian prison since 2021.
The HMS Hawke was torpedoed by a German U-boat on October 15, 1913. Just 70 sailors survived.
Chinese-based tour operators said North Korea will soon allow visitors to the mountainous northern city of Samjiyon.
The woman was found dead "because of being constricted and bitten by the snake," a police spokesman said.
Jools Lebron's viral TikTok videos have given new meaning to the word "demure." We break down what it means.
Academy Award-nominated actor Elliot Page and actress Hillary Baack star in the heartfelt film "Close to You," exploring themes of love, identity and the challenges of returning home.
Taylor Swift kicked off the latest leg of her record-breaking Eras Tour on Thursday, her first performance since canceling three shows in Vienna due to an alleged terror plot from ISIS. While Swift did not address the plot or cancellations, heightened security measures were in place.
Following a nine-month investigation into the death of "Friends" star Matthew Perry, five people, including two doctors, one of his assistants and an alleged drug dealer, have been criminally charged.
Taylor Swift fans attending her Thursday concert in London's Wembley Stadium were subjected to extra security measures in response to the cancellation last week of her three Vienna concerts after Austrian investigators foiled an alleged terror plot there. Imtiaz Tyab has details.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Artificial intelligence and misinformation remain a threat this election year. So how can you spot what's real and what's not? Darren Linvill, co-director of the Media Forensics Hub at Clemson University, joins CBS News with tips.
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.
Iran has launched a sweeping, months-long cyberattack targeting both the Democratic and Republican presidential campaigns, according to a new report by Google. Nicole Sganga has details.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
There are hundreds of data centers across the U.S., most of which are run by big tech firms, and their seemingly endless rows of servers are consuming huge amounts of electricity. Ben Tracy takes a look at how one of those companies, Google, is turning to renewable energy sources to power them.
Hurricane Ernesto is gaining strength in the Caribbean after drenching Puerto Rico and the U.S. Virgin Islands. Now the storm is moving north into the Atlantic, where it's expected to continue strengthening as it heads toward Bermuda. CBS News national correspondent Manuel Bojorquez and WCBS chief weathercaster Lonnie Quinn have more.
On July 24, a burning car was pushed over an embankment in Chico, California. Within three days, it became one of the 10 largest wildfires in state history. Within nine days, it was among the top four. Still burning at over 429,000 acres, firefighters continue to tackle the historic blaze. Using data from Cal Fire, CBS News put together an animation to show just how quickly and far the flames have spread.
There are plenty of considerations for those interested in making the investment, according to industry experts.
Joro spiders have hearts that are able to withstand the loud and bustling noises of big cities, according to a study published on Monday.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
The manhunt for a convicted murderer who escaped from custody is over. Police found Ramone Alston early Friday morning at a hotel outside of Charlotte, North Carolina, more than a hundred miles from the Hillsborough hospital parking lot he ran from on Tuesday.
The escaped killer of a 1-year-old girl who fled from a medical transport van, Ramone Alston, was captured days later in a hotel in the Charlotte, N.C. suburb of Kannapolis, authorities said.
The two troopers pepper-sprayed, beat, stunned and used a police dog on the wrong man, authorities said.
Five people have been arrested in connection with the 2023 death of "Friends" star Matthew Perry. The defendants, which includes two doctors and Perry's personal assistant, were federally charged with distributing the ketamine that contributed to Perry's death. According to prosecutors, Perry's personal assistant admitted to giving him multiple ketamine injections on the day of his death. Adam Yamaguchi has the latest.
CBS News spoke with the astrophotographer behind the viral photo about his mission to drive people to look at the night sky before it changes "within the period of our lifetime."
Seventy-one days after launch, NASA finally nears a decision on whether Boeing's Starliner will return to Earth with, or without, a crew.
NASA held a press briefing Wednesday and announced a decision will be coming on how the Boeing Starlink capsule crew stuck at the International Space Station will proceed with their mission in space. CBS News' Lindsey Reiser has more.
The historic, privately financed space flight will carry humans above Earth's ice caps for the first time.
The Perseid meteor shower peaked in the night skies of Sunday into Monday, giving astronomy fans one of the best shows of 2024 as they looked to the skies.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
Your Social Security numbers may be among the billions of records stolen through a massive National Public Data hack. CBS News senior business and technology correspondent Jo Ling Kent has more.
President Biden told reporters Friday that the parties involved in the Israel-Hamas cease-fire talks in Qatar are "closer" to a deal. A joint statement by the U.S., Egypt and Qatar looks ahead to more talks in Cairo, Egypt. CBS News senior national security correspondent Charlie D'Agata reports.
Hurricane Ernesto is barreling toward Bermuda, threatening the island with high winds and coastal flooding. CBS News' Dave Malkoff is catching up with shoppers and businesses preparing.
A preliminary investigative report released by Lousiana Rep. Clay Higgins, a member of the Task Force on the Attempted Assassination of Donald J. Trump, includes new details on a Butler SWAT operator who fired a shot that may have changed the course of events at the former president's Pennsylvania rally. CBS News' Scott MacFarlane reports.
Vice President Kamala Harris will lay out the details of her economic plan and proposed policies if she is elected president in November. CBS News chief White House correspondent Nancy Cordes previews the campaign event in Raleigh, North Carolina.