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Stocks tumbled Wednesday as fears about the stability of banks grow now that two U.S. institutions have failed and a major European bank is in trouble. CBS News anchors Lana Zak and Elaine Quijano spoke with correspondent Elaine Cobbe and Phil Angelides, former chair of the Financial Crisis Inquiry Commission, about the situation.
"Credit Suisse is not just a Swiss problem but a global one," one Wall Street analyst said after the bank's shares tumbled.
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the federal government made to avoid a banking crisis and a potential interest rate hike.
Stocks of U.S. regional banks are still reeling following the failures of Signature Bank and Silicon Valley Bank. Keith Noreika, executive vice president of Patomak Global Partners and former acting Comptroller of the Currency, joins CBS News' John Dickerson to discuss.
The stock market closed relatively flat a day after the federal government took action to ensure that Silicon Valley Bank's customers would not lose their deposits in the bank's collapse. CBS News business analyst Jill Schlesinger joined Elaine Quijano to discuss how the action will impact investors and consumers going forward.
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Mark Lehmann, CEO of JMP Securities, a Citizens Company, joined CBS News on Friday to discuss the state of the tech industry and the U.S. economy after the closing bell on Wall Street.
Some younger investors, including millennials and Gen Z, are opting for the safety of high-yield savings accounts over the far more volatile stock market. Stefanie O’Connell Rodriguez, host of Real Simple’s "Money Confidential" podcast, breaks down the differences.
The Consumer Confidence Index fell in February for a second straight month. And President Biden is nominating Julie Su to lead the Labor Department. Marketwatch market editor Bill Watts joined CBS News to discuss the latest on the economy.
The Dow Jones ended the day in the red, down about 700 points. The slide comes as big box retailers predict a rough outlook for 2024. Business journalist Kristin Myers joined CBS News to discuss what the numbers mean for the market.
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
CPA Ryan Losi explains how 2022’s poor stock market performance could be helpful in lessening tax bills this season.
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Yahoo has announced plans to cut more than 20 percent of its workforce. The announcement comes one day after Disney announced job cuts. Financial journalist Kristin Myers joined CBS to discuss what the layoffs could mean for investors.
The Dow Jones ended Wednesday in the red following President Biden's State of the Union address. Dan Geltrude, founder of accounting firm Geltrude and Company, joined CBS to discuss the economic impact of the speech.
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
The New York Stock Exchange ended relatively flat Wednesday. Dory Wiley, the president and CEO of Commerce Street Holdings told CBS News that missed expectations drove the markets, as recession fears loom.
As tech companies cutting thousands of jobs this month, CBS News correspondent Vladimir Duthiers discusses how the Federal Reserve's interest rate hikes have contributed to the industry's financial woes.
Stocks climbed to close out the week after a tumultuous few days following the U.S. Treasury Department's announcement that the country has hit its debt ceiling. Javier David, a CBS News contributor and managing editor of business & markets at Axios, and J.D. Durkin, host of "The Street," joined CBS News to discuss.
Reed Hastings, co-founder and co-CEO of Netflix, is stepping down, the streaming giant announced Thursday. He will step into a new role as executive chairman. Michael Pachter, managing director of equity research at Wedbush Securities, joined CBS News to discuss what this means for Netflix's future.
"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
The government is expected to release new inflation data Thursday. Lori Bettinger, the president of BancAlliance and a former director of the Troubled Asset Relief Program at the Treasury Department, joined CBS News after the closing bell on Wall Street to discuss the Federal Reserve's fight against inflation and how investors are reacting.
Wall Street forecasters are increasingly bearish as they eye a potential recession, which could send stocks tumbling.
Inflation, interest rates and a possible recession could weigh on markets. But there are also reasons for bullishness.
Among them are Paris Hilton's bill to protect institutionalized teenagers and one addressing hazing on college campuses.
New renovations and AI-powered digital tours offer visitors a chance to see the historic site ahead of the 2025 Jubilee Year.
No Mega Millions player won the $1 billion Christmas Eve jackpot, so the grand prize for Friday night's drawing will be an estimated $1.15 billion.
President Biden has signed the annual defense authorization bill into law.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
Authorities are revealing more details surrounding the killing of a woman who was set on fire while sleeping on the New York City subway.
The 25-foot boat was found crashed and overturned in a rocky area at the base of the cliffs between Bluff Cove and Lunada Bay in Palos Verdes Estates.
The suspected gang attack occurred when journalists were covering the reopening of Port-au-Prince's biggest public hospital on Christmas Eve.
The ship sank in the Mediterranean Sea between Spain and Algeria following an explosion in the engine room, officials said.
The eight-day Jewish holiday of Hanukkah starts on Christmas Day in 2024, an occurrence that happens very infrequently.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
President Biden has signed the annual defense authorization bill into law.
More than 5,000 workers were expected to take part in walkout that ends later on Christmas Eve, their union says.
More than 5,000 workers were expected to take part in walkout that ends later on Christmas Eve, their union says.
Netflix will have one of its biggest days Wednesday since the site launched in 1998 when it airs two NFL games for the first time.
Here's which food stores, restaurants and other chains are open and closed today, Christmas Eve 2024.
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel to purchase U.S. Steel.
The Corporate Transparency Act, or CTA, requires some businesses to register with FINCEN next month, or face fines. Here's what to know.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
President Biden has signed the annual defense authorization bill into law.
A federal judge struck down key parts of an Arkansas law that would have allowed criminal charges against librarians and booksellers for providing "harmful" materials to minors.
President Biden vetoed an effort to add 66 federal district judgeships, saying "hurried action" by the House left important questions unanswered.
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
How long are you contagious after getting COVID, flu, RSV, pneumonia and more? Here's what to know to keep others safe this holiday season.
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
The suspected gang attack occurred when journalists were covering the reopening of Port-au-Prince's biggest public hospital on Christmas Eve.
The ship sank in the Mediterranean Sea between Spain and Algeria following an explosion in the engine room, officials said.
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
Sophie Hediger, a member of Switzerland's snowboard cross team, competed at the 2022 Beijing Games.
New renovations and AI-powered digital tours offer visitors a chance to see the historic site ahead of the 2025 Jubilee Year.
Angel Blue, who was recently named Classical Music's "Vocalist of the Year," is set to perform the title role in "Aida" at the Metropolitan Opera. Known for her Grammy-winning performances, Blue will take the stage in New York beginning on Dec. 31. She joins "CBS Mornings Plus."
Netflix will have one of its biggest days Wednesday since the site launched in 1998 when it airs two NFL games for the first time.
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Burt, the iconic Saltwater crocodile that appeared alongside Paul Hogan and Linda Kozlowski in the hit movie, was believed to be more than 90 years old.
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.
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
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.
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
Authorities are revealing more details surrounding the killing of a woman who was set on fire while sleeping on the New York City subway.
Luigi Mangione, accused of killing UnitedHealthcare CEO Brian Thompson, appeared in court in New York City and pleaded not guilty to murder and terrorism charges. His lawyer criticized what he called the case's political nature as Mangione was led into the hearing with his hands shackled.
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Luigi Mangione pleaded not guilty to murder and terrorism charges in New York state court Monday. Prosecutors allege he shot and killed UnitedHealthcare CEO Brian Thompson in the back and leg in Manhattan earlier this month. Lilia Luciano has more.
Fabio Ochoa arrived at Bogota's El Dorado airport on a deportation flight on Monday, wearing a grey sweatshirt and carrying his personal belongings in a plastic bag.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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.
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.
President-elect Donald Trump is threatening to take over the Panama Canal unless it cuts the price it charges for ships to pass through the key shipping lane. Trump is also again floating the idea of buying Greenland, which he also suggested during his first term. Kelly O'Grady reports.
The Mega Millions jackpot has soared to an estimated $1 billion for the drawing on Christmas Eve. It's only the seventh time in the game's history the jackpot has hit that mark. Dave Malkoff has more.
After Hurricane Helene brought devastating flooding to North Carolina, internet and cell phone service were spotty at best. But many were able to coordinate relief efforts and get crucial information out over AM radio. Skyler Henry has the story.
Pope Francis ushered in the start of a Jubilee year at St. Peter's Basilica on Christmas Eve. The Vatican has spent years prepping for the once every quarter-century event. Chris Livesay has the story.
Parts of the Northeast were hit with a light dusting of snow on Christmas Eve. CBS Meteorologist Bill Kelly takes a look at who will be getting snow on Christmas Day.