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The stock market tumbled Friday after a stronger-than-expected September jobs report, creating fears among investors that it could lead to yet another rate hike by the Federal Reserve. Colby Smith, U.S. economics editor for the Financial Times, joined Catherine Herridge to discuss what the report could mean to the U.S. economy.
Wall Street is concerned that Friday's stronger-than-expected jobs report could prompt more rate hikes from the Fed.
An alliance of oil-producing countries voted to cut production by 2 million barrels per day, leading to fears of higher energy prices over the winter and driving crude futures up. Reuters energy reporter Laura Sanicola joins CBS News' Errol Barnett and Lana Zak to discuss what's moving the market and what might happen to prices at the pump.
Dow has soared more than 1,500 points in two days, regaining some ground lost in the previous two weeks.
The Securities and Exchange Commission has fined Kim Kardashian more than $1 million over failing to disclose she was being paid to promote a cryptocurrency. Axios business editor Dan Primack joins CBS News to discuss the case and other market news.
Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.
The British government reversed course Monday, saying it would not move forward with a proposed tax reduction for high earners that sent the pound tumbling last week. Joining anchors Vladimir Duthiers and Anne-Marie Greene to talk about market shifts in both the U.S. and U.K. is Javier David, managing editor of business and markets at Axios.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Investors continue to worry that Fed could hit brakes on economy too hard and cause a recession.
All three major U.S. stock market indexes are in a bear market territory. Wall Street Journal reporter Akane Otani joins John Dickerson on "Prime Time" to discuss.
"It is very likely that we are going to have a recession," said UC Berkeley economist James Wilcox.
It was another disappointing week for the stock market with all major indices in the red. CBS News' Catherine Herridge speaks with Yahoo Finance reporter Alexandra Semenova about what we might expect in the coming weeks.
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
The Federal Reserve has twp-day meeting starting Tuesday and economists are preparing for another interest rate hike to come out of it. Saira Malik, chief investment officer of Nuveen, joins CBS News at the closing bell to discuss what is driving the market.
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
It has been a trying week for the stock market and investors, with all major indices in the red on Friday. Hope King, business reporter for Axios, discusses what may be coming next, and how you can protect your money.
All three major stock indexes ended the week with losses for the fourth time in five weeks. Victoria Fernandez, chief market strategist at Crossmark Global Investments, joins CBS News to discuss what it means for the U.S. economy.
The market swoon adds to weekly losses sparked by a hotter-than-expected inflation report.
The new wholesale prices report is echoing Wall Street's concerns that inflation isn't easing quickly enough. It comes on the heels of the worst day for stocks in more than two years. Matt Sapaula, founder of Money Smart Guy, joined CBS News to discuss.
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain why the stock market dipped and what the economy could look like heading into the holiday season.
After the Azerbaijan Airlines jet crash, speculation mounted about why the plane went down and whether possible Russian air defense action may have played a role.
Rain and high winds were expected roll through parts of Oregon and Washington, while fog settled over an area from Kansas City to Chicago.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Here's what to know about the United States' involvement with building and operating the Panama Canal.
The day after Christmas in 2004, a 9.1 magnitude earthquake triggered tsunami waves that killed some 230,000 people across a dozen countries.
Crumbley's attorney, Michael Deszi, filed a motion in the Oakland County Circuit Court on Thursday, arguing that Crumbley is not a "flight risk" and "poses no danger to the public."
Two people have been arrested and are facing charges of felony child abuse after a one-month-old baby was discovered in the median of a road Christmas morning.
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Rain and high winds were expected roll through parts of Oregon and Washington, while fog settled over an area from Kansas City to Chicago.
President Biden's final holiday in office will take place largely out of the public eye.
Here's what to know about the United States' involvement with building and operating the Panama Canal.
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
President Biden's final holiday in office will take place largely out of the public eye.
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
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.
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.
Here's what to know about the United States' involvement with building and operating the Panama Canal.
The day after Christmas in 2004, a 9.1 magnitude earthquake under the Indian Ocean triggered tsunami waves that killed some 230,000 people across a dozen countries.
The arrest announcement follows the death of Russia's Lt. Gen Igor Kirillov, who was killed on Dec. 17 by a bomb hidden on an electric scooter parked outside his apartment building.
After an Azerbaijan Airlines jet crashed in Kazakhstan, speculation mounted about why the plane went down and whether possible Russian air defense action may have played a role.
Boxing Day 2024 is here, but not all Americans understand the meaning of the holiday celebrated in countries like the U.K. and Canada.
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
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.
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.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
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.
Ryan Routh, the man accused of trying to assassinate President-elect Donald Trump near his Florida golf course, could have his trial delayed as his lawyer mounts a legal defense. CBS News legal contributor Jessica Levinson has more on the latest developments.
Gunfire at Phoenix Sky Harbor International Airport on Christmas night left three people wounded, police say. Another was stabbed. One was in critical condition.
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
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.
Authorities in Mississippi say a "desperate" and "very dangerous" convicted murderer, Drew Johnson, is back in custody after escaping from prison Tuesday.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
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.
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.
Ryan Routh, the man accused of trying to assassinate President-elect Donald Trump near his Florida golf course, could have his trial delayed as his lawyer mounts a legal defense. CBS News legal contributor Jessica Levinson has more on the latest developments.
Small businesses selling imported goods could see the impact of President-elect Donald Trump's promised increased tariffs on other countries. CBS MoneyWatch correspondent Kelly O'Grady has more financial news headlines.
President-elect Donald Trump's comments about annexing Canada and taking on Greenland and the Panama Canal are reverberating across the world. On social media, Trump also denounced President Biden's decision to commute the sentences for dozens of federal inmates on death row. CBS News' Taurean Small reports.
Storms in the Pacific Northwest and in states around the South and the Midwest could affect Americans traveling for the holidays. CBS News' Skyler Henry has the latest travel update from Atlanta, Georgia. Also, CBS News Bay Area meteorologist Jessica Burch breaks down the latest weather forecast.
It's not yet clear how a plane traveling from Azerbaijan's capital of Baku crashed while trying to land in western Kazakhstan. This comes as questions emerge about Russia's involvement in the incident. CBS News' Chris Livesay reports.