Stocks rise on cooler-than-expected inflation data
Investors were fueled by hopes that cooling prices could influence Federal Reserve ahead of its December meeting.
Stock Market
Inflation showed signs of slowing in October
According to a monthly report released by the Labor Department Thursday, the consumer price index rose 7.7% from October 2021 to October 2022, an indication that inflation may finally be easing. Lori Bettinger, president of BancAlliance, joined John Dickerson to discuss the latest inflation data, and what it means for the economy.
Dow surges on lower inflation report
Markets surged Thursday as investors cheered the lower-than-expected October Consumer Price Index. John Leer, chief economist at Morning Consult, joins CBS News' Lana Zak and Errol Barnett to discuss the potential impact on interest rates and the overall economic outlook.
U.S. consumer prices rose
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Crypto market tumbles as Binance exits FTX deal
The world's largest cryptocurrency firm Binance has pulled out of a deal to save its rival FTX, triggering panic selling in the markets. Jennifer Schonberger, a senior reporter for Yahoo Finance, joined John Dickerson to discuss what's going on with the crypto market.
Stock market falls as midterm results come in
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
U.S. stocks tumble with election results still up in the air
Wall Street is waiting to see if balance of power in Washington shifts, but hot inflation remains main focus.
Stocks rise ahead of Election Day
The Dow Jones rose more than 420 points on Monday ahead of Election Day. Kristin Myers, editor-in-chief of "The Balance," joins CBS News to discuss what she expects and the trends we've historically seen have following the midterms.
Amazon pauses corporate hiring
Amazon announced it's pausing hiring for corporate positions in a move to try to cut costs amid concerns about a potential recession. Meanwhile, mortgage rates fell below 7% this week, but they're still higher than they were last year. CBS News anchors Lana Zak and Errol Barnett spoke with Lindsay Owens, executive director of Groundwork Collaborative, about where the U.S. economy stands.
Stocks plummet after Fed signals more rate hikes ahead
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Uber set to release third-quarter earnings
Uber is set to release its earnings report for the third quarter on Tuesday. Dan Ives, managing director of Wedbush Securities, joined CBS News to discuss what the report could mean about the status of the economy and a Labor Department proposal to reclassify ride-hailing workers as employees.
Stocks end mixed as Facebook's parent company slumps
Weak earnings reports at Meta and other major tech companies offset gains in other parts of the market.
Dow rises after U.S. reports economic growth
The gross domestic product report released Thursday showed the U.S. economy grew 2.6% in the third quarter. Justin Hoogendoorn, head of fixed income strategy and analytics at Hilltop Securities, joins CBS News to discuss.
Lower tech earnings rattle markets
The tech-heavy NASDAQ dropped Wednesday after Microsoft and Alphabet released less-than-stellar earnings reports on Tuesday. CBS News anchor Lana Zak spoke with Simeon Hyman, global investment strategist at ProShares, about the larger impact on the markets.
Stocks rise on Wall Street as earnings reports roll in
Reports of solid financial results from big U.S. companies are fueling investor optimism.
U.K. inflation jumped back over 10% in September
Economists think the record inflation could prompt England's central bank to hike its primary interest rate by as much as a full percentage point this fall.
Stocks extend rally as U.S. companies report solid profits
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
Will the U.S. see a recession next year?
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
Stocks slump Friday after inflation report
The Dow Jones Industrial Average gave back a big chuck of the gains it made the day before, following the latest report on inflation in the U.S. David Grasso, an editor at Bold, joins CBS News to discuss the latest on the economy.
Markets rally despite inflation report
The stock market finished strong on Thursday despite the latest CPI report showing a 0.4% September increase in inflation. Pete Earle, economist and research fellow at the American Instiute for Economic Research, joins CBS News to discuss the state of the economy and whether we're facing a recession.
Inflation remained high in September
The Bureau of Labor Statistics says September's consumer prices rose 8.2% compared to a year ago, with food, rent and other items driving inflation. Ben Levisohn, a deputy editor at Barron's joined John Dickerson on "Prime Time" to discuss the latest CPI report.
U.S. inflation higher than expected
Inflation remains near a record high, and it shows no signs of slowing. The consumer price index for September was up 8.2% compared to a year ago. Nancy Cordes has the details.
Stocks come back strong, shrugging off hot inflation reading
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Markets erase early gains
It was a relatively flat day on Wall Street following the release of the International Monetary Fund's World Economic Outlook. Kristin Myers, editor in chief of The Balance, joins CBS News with more on what's moving the markets.
What are the chances of a recession?
The CEO of JPMorgan Chase is warning of a possible recession in six to nine months. The head of economic analytics for Morning Consult, Scott Brave, joins "CBS News Mornings" to share his thoughts on the comments and the impact a recession could have on everyday Americans.
Toy industry bracing for impact of Trump's promised tariffs
Toy stores and the toy industry are warning that his pledge to add tariffs to Chinese imports could harm their businesses.
Plane crash in Kazakhstan killed dozens but many on board survived, officials say
Mobile phone footage circulating online appeared to show the Azerbaijani aircraft making a steep descent before slamming into the ground in a fireball.
Beyoncé's halftime show the highlight of a lackluster NFL Christmas slate
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Pope shares Christmas message, marking start of church's Holy Year
Pilgrims lined up to walk through the great Holy Door at the entrance of St. Peter's Basilica in Rome as Christmas marks the start of the 2025 Holy Year celebration.
Zelenskyy calls Russia's Christmas Day missile and drone attack "inhumane"
A massive Russian missile and drone barrage on Ukraine's energy infrastructure on Christmas morning was "inhumane," Ukrainian President Zelenskyy said.
Body discovered in wheel well of plane at Maui airport
A body was found in the wheel well of United Airlines Flight 202, which left Chicago for Hawaii on Dec. 24, the airline said.
Orca who carried her dead calf for 17 days has a new baby
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
347 skiers rescued by helicopter in French Alps
Chairlifts at two different resorts in the French Alps broke down on Tuesday, stranding hundreds in two separate incidents.
Backpacks full of $1.1 million worth of cocaine found near Canada border
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
U.S.
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Beyoncé's halftime show the highlight of a lackluster NFL Christmas slate
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
The toy industry is bracing for the impact of Trump's promised tariffs
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Orca who carried her dead calf for 17 days has a new baby
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
Backpacks full of $1.1 million worth of cocaine found near Canada border
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
Pet food brand issues recall over bird flu contamination
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
MoneyWatch
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The toy industry is bracing for the impact of Trump's promised tariffs
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Pet food brand issues recall over bird flu contamination
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Lawyers for ex-Abercrombie CEO say he has dementia, can't stand trial
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
Is anything open on Christmas Day? Here's what's open and closed.
Last-minute grocery items and gifts can be found on Christmas Day, but many retailers and chains may be closed today.
Starbucks strike shuts down hundreds of locations
More than 5,000 workers were expected to take part in walkout that ends later on Christmas Eve, their union says.
Politics
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Trial of man accused in Trump assassination attempt in Florida pushed back
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
With Biden's signature, bald eagle officially America's bird
President Biden signed legislation Christmas Eve to make the bald eagle officially the U.S. national bird.
Biden signs 50 bills into law on Christmas Eve
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.
Bill Clinton discharged from hospital after being treated for flu
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.
Biden signs defense bill, despite ban on transgender health care for military kids
President Biden has signed the annual defense authorization bill into law.
HealthWatch
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HealthWatch
Why some children are turning to GLP-1 drugs
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
FDA raises urgency of Costco egg recall
The FDA has raised the level of a Costco egg recall, warning of the risk of severe illness or death due to potential salmonella contamination. Over 10,000 cartons of Kirkland brand organic eggs sold at stores across the South are affected. Customers are urged to discard or return eggs marked with Julian code 327 and a use-by date of Jan. 5, 2025.
Expert tips to support your immune system
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
How to stay healthy during holiday gatherings
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.
Are you contagious? Here's when you're most likely to spread COVID, flu, RSV
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.
World
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Over 100 migrants rescued trying to cross English Channel on Christmas
At least 73 migrants have died trying to cross the English Channel to Britain this year, according to French authorities, making 2024 the deadliest year on record for the crossings.
347 skiers rescued by helicopter in French Alps
Chairlifts at two different resorts in the French Alps broke down on Tuesday, stranding hundreds in two separate incidents.
Royal family celebrates Christmas with no sign of Prince Andrew
King Charles III was joined at Christmas services by close members of the royal family, including Prince William and Kate — but Prince Andrew was notably absent.
Bridge collapse in Brazil leaves at least 2 dead, dozen missing
A bridge linking two northern states in Brazil collapsed, sending cars and trucks plunging into the river below. A sulphuric acid spill is complicating the rescue operation.
Pope shares Christmas message, marking start of church's Holy Year
Pilgrims lined up to walk through the great Holy Door at the entrance of St. Peter's Basilica in Rome as Christmas marks the start of the 2025 Holy Year celebration.
Entertainment
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Beyoncé's halftime show the highlight of a lackluster NFL Christmas slate
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Angel Blue on Met role debut in "Aida" and Opera journey
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 carrying 2 NFL games on Christmas Day. It's a big step.
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.
Prosecutor drops appeal, ending case against Alec Baldwin in "Rust" shooting
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Denzel Washington gets minister's license at Harlem church
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Technology
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Technology
AI features dominating tech heading into 2025
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.
Researchers develop robot to help people walk
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.
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.
Holiday shoppers on the lookout for big TVs
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.
Health care AI, intended to save money, requires expensive humans
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Science
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Orca who carried her dead calf for 17 days has a new baby
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
2,600-year-old shipwreck is raised from waters off Spain
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.
What to know about the winter solstice, 2024's shortest day
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.
Class-action lawsuit over plastic recycling
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.
Why fish, birds and other animals yawn too, according to an expert
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.
Crime
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Backpacks full of $1.1 million worth of cocaine found near Canada border
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
"Desperate" killer who escaped from Mississippi prison is recaptured
Authorities in Mississippi say a "desperate" and "very dangerous" convicted murderer, Drew Johnson, is back in custody after escaping from prison Tuesday.
Former Philadelphia Eagles running back pleads guilty to fraud charges
Former Philadelphia Eagles running back Wendell Smallwood Jr. pleaded guilty to federal fraud charges.
Suspect who allegedly set woman on fire in subway fanned flames, prosecutors say
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 pleads not guilty
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.
Space
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Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
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 delayes return date for astronauts
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 leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
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.
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.
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
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Latest CBS News Videos
Academy teaches students the art of playing Santa
Twice a year, between 100 and 150 student Santas and Mrs. Clauses from as far away as Europe enroll at the Northern Lights Santa Academy in Atlanta for a three-day boot camp where they will learn to become professional Christmas entertainers. Skyler Henry has details.
In show of unity, 4 pastors swap congregations
In Midland, Texas, four pastors from different denominations decided to exchange pulpits for one day in order to deliver a message about tolerance and acceptance to their congregations and the community. Jason Allen has more.
Celebrating the holidays around the globe
Jericka Duncan takes a look at how Christmas and Hanukkah are being marked around the world and even aboard the International Space Station.
Why some children are turning to GLP-1 drugs
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
The impact of tariffs on the U.S. toy industry
If President-elect Donald Trump follows through on his threat of imposing new tariffs on Mexico, Canada and China, it could have major repercussions for the U.S. toy industry. Kelly O'Grady explains.