Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Wall Street
Here's how much Donald Trump is worth, from his DJT stock to real estate
Donald Trump is still a billionaire, but his net worth has fluctuated sharply this year along with the value of one of his main investments.
McDonald's surpasses earnings expectations
Fast food giant McDonald's reported its third quarter results Tuesday morning with revenue beating Wall Street's expectations at around $6.9 billion. CBS MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
PPI data meets expectations
Wall Street opened with a bumpy start Thursday after the producer price index in August rose in line with expectations. CBS News contributor Javier David discusses how the data might affect the Federal Reserve's interest rate decision next week.
Nvidia stock extends record slump
In August, artificial intelligence chip maker Nvidia set the record for the largest one-day increase in market value in stock market history. On Tuesday, it did the opposite. The company's shares fell nearly 10% in what is the largest single day drop for any U.S. company in stock market history. Jeremy Owens, host of "On Watch" podcast, joins to discuss.
Nvidia profits grew, stock price dropped
Nvidia profits jumped massively, but the chipmaking company that helps AI technology run saw a drop in stock price. Nico Grant, a technology correspondent for The New York Times, joins CBS News with more details.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
Breaking down Nvidia's rise to the top
Nvidia launched in 1993 as a tech startup developing advanced video game graphics, and it's now the most valuable company in the world. Axios chief financial correspondent Felix Salmon joins to discuss what's behind the company's growth.
Stock market rallies around AI boom
Artificial intelligence is reshaping American life, including changing the investment landscape as AI-related stocks are booming. CBS News' John Dickerson examines some of the best performers to explain which industries make up the AI revolution.
Wall Street's Shadow Market (2008)
Steve Kroft reported on the financial instruments that fueled the 2008 economic crisis.
Breaking down the Dow's 40,000 milestone
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Why are GameStop shares on the rise again?
The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine what could be behind the stock's sudden surge.
Trump Media warns Nasdaq about "potential market manipulation" of its stock
Trump Media & Technology Group sent a letter to Nasdaq warning that so-called "naked" short selling could be impacting its stock.
As EV sales slump, Tesla shares relinquish a year's worth of gains
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
What does high March inflation mean for Fed?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Trump's Truth Social soars in first day of trading
Former President Donald Trump's Truth Social began trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again. CBS News' Lilia Luciano has more.
How much is Trump's stake in Truth Social worth after market debut?
Former President Donald Trump's media business is trading under his DJT initials on the Nasdaq stock market.
Dow hovering near 40k mark
The top three major stock indexes are looking for their fifth straight positive day of trading Friday. Each major index hit new record highs Thursday as the Dow gets closer to the 40k mark. Laila Maidan, investing correspondent for Business Insider, joined CBS News to discuss the day's trading.
Why new inflation numbers aren't alarming Fed
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
The average Wall Street bonus fell a bit last year — to $176,000
The average Wall Street bonus fell 2% last year — to $176,500, New York state officials say. The bonus' high water mark was $240,400 in 2021, and its relative low was $111,400 in 2011.
How Fed could react to hot February inflation
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
House Ethics Committee will keep Matt Gaetz report under wraps — for now
The panel's ranking Democrat, Rep. Susan Wild, said there was "no consensus" on the issue and the committee agreed to reconvene on Dec. 5.
Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
How could the U.S. military be used for Trump's mass deportation plan?
Trump signaled this week that he would enlist the help of the U.S. military for his massive deportation operation.
Bryan Kohberger can face death penalty if convicted, judge rules
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
4 Trump Cabinet picks have sexual misconduct allegations in their past
Four men chosen by President-elect Donald Trump for top positions have been accused of varying degrees of sexual misconduct.
Former Dallas police officer Amber Guyger ordered to pay nearly $100 million in civil trial
Guyger was convicted six years ago of shooting and killing Jean in his apartment, which she said she thought was her own.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
American dies in Laos amid reports that several tourists suffered alcohol poisoning
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
Chris Stapleton wins 4 CMAs but Morgan Wallen named entertainer of the year
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
U.S.
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Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
U.S. indicts Indian billionaire Gautam Adani in $265 million bribery scheme
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
Dolphin strandings on Cape Cod at an all-time high
The waters off of Cape Cod, Massachusetts are teeming with life, especially dolphins. More than ever, these animals are getting stranded on the shore, with the number spiking this year.
MoneyWatch
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Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Sheetz is cutting gas prices by 40 cents a gallon before Thanksgiving
As millions of Americans get ready to hit the road ahead of the Thanksgiving holiday, Sheetz is offering a deal on fuel.
Reddit is down for many users, reports say. Here's what to know.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
Has life in the U.S. become too political? You can buy a house in Italy for $1.
A village in Sardinia is trying to entice politics-weary Americans to buy cheap homes in Italy.
Politics
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Analysis: Election conspiracies persist, even with different outcomes
Conspiracies persist, although it is effectively impossible to steal a major election in the United States.
How could the U.S. military be used for Trump's mass deportation plan?
Trump signaled this week that he would enlist the help of the U.S. military for his massive deportation operation.
House Ethics Committee will keep Matt Gaetz report under wraps
Rep. Susan Wild said there was "no consensus" on the issue and the committee agreed to reconvene on Dec. 5.
4 Trump administration picks have sexual misconduct allegations in their past
Four men chosen by President-elect Donald Trump for top positions have been accused of varying degrees of sexual misconduct.
Here's what experts say about the chances of another stimulus check
Some voters are hoping President-elect Donald Trump may send out another stimulus check. Here's what the experts say.
HealthWatch
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Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
McDonald's pulls espresso drinks from some U.S. menus
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Florida Gov. DeSantis' Canadian drug import plan goes nowhere after FDA approval
Florida sued the FDA over what it said was a "reckless delay" in approving its drug importation plan. Now, nearly a year after the FDA gave the state the green light, the program has yet to begin.
As "walking pneumonia" spreads, ER visits surge for sick babies
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
Trump taps Dr. Mehmet Oz to lead key Medicare and Medicaid agency
Dr. Mehmet Oz unsuccessfully ran for Senate in 2022. Now he's Trump's choice to lead the Centers for Medicare and Medicaid Services.
World
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American dies in Laos amid reports that several tourists suffered alcohol poisoning
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
U.S. indicts Indian billionaire Gautam Adani in $265 million bribery scheme
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
3 police officers, 4 cartel suspects killed near U.S. border
Drug cartel gunmen also attacked a funeral convoy of cars accompanying the body of one of the victims in the first attack, officials said.
China admits spy plane violated Japanese airspace, Tokyo says
China said the airspace violation occurred when the plane's pilot took emergency measures due to turbulence, Japan's Foreign Ministry said.
Entertainment
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Chris Stapleton wins 4 CMAs but Morgan Wallen named entertainer of the year
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
Paul Mescal on what he learned from working with Denzel Washington
Paul Mescal discusses his experience working with Oscar winner Denzel Washington in "Gladiator II," and what it was like to work on intense scenes together.
Clay Aiken on his new holiday album
Award-winning singer Clay Aiken, who rose to fame on American Idol, joins "CBS Mornings Plus" to talk about his new holiday album, "Christmas Bells Are Ringing," and his rendition of Bing Crosby's "Do You Hear What I Hear?"
Paul Mescal on "Gladiator II"
Paul Mescal joins "CBS Mornings" to discuss his role as Lucius in "Gladiator II," the son of Maximus and Lucilla, who is thrust into the arena to fight for the Roman Empire 15 years after Maximus' death.
Paul Simon says group's steps toward hearing loss cure gives him hope
CBS News' Anthony Mason joins Paul Simon on a trip to the Stanford Initiative to Cure Hearing Loss, to explore how researchers are getting closer to finding answers about repairing and preventing hearing loss.
Technology
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Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Reddit is down for many users, reports say. Here's what to know.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
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.
Deepfakes of Elon Musk contribute to billions in fraud losses
A study found that Elon Musk is the most common celebrity used in deepfake scams.
SpaceX successfully tests Starship
SpaceX successfully launched its Super Heavy-Starship rocket from Texas for its sixth test flight Tuesday with its CEO Elon Musk and President-elect Donald Trump looking on. CBS News correspondent Jason Allen has more on the launch.
Science
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How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Carcass of massive endangered whale washes ashore in Alaska
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Energy Secretary Granholm on Trump presidency
Former leaders and climate experts have issued a letter calling the U.N.'s annual climate meeting "no longer fit for purpose." Recently, CBS News spoke with U.S. Energy Secretary Jennifer Granholm about the summit and what the incoming Trump presidency means for clean energy and climate change. The conversation took place before the president-elect made his pick for energy secretary.
Crime
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Crime
Man convicted of murder in slaying of Laken Riley
A judge Wednesday found a Venezuelan migrant guilty on all counts in the murder earlier this year of Georgia nursing student Laken Riley. He was sentenced to life in prison without the possibility of parole. Manuel Bojorquez has the latest.
Bryan Kohberger can face death penalty if convicted, judge rules
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
Florida man arrested in alleged plot to bomb New York Stock Exchange
South Florida native Harun Abdul-Malik Yener was charged with attempted use of an explosive to damage or destroy a building used in interstate commerce.
"Rust" movie premieres in Poland
The "Rust" film premiere in Poland occurred three years after the fatal on-set shooting of cinematographer Halyna Hutchins. Alec Baldwin was not present. CBS News' Chris Livesay reports.
Laken Riley's killer Jose Ibarra sentenced
The Georgia judge who convicted Jose Ibarra for charges related to the death of nursing student Laken Riley sentenced the undocumented immigrant to life in prison without the possibility of parole. CBS News' Manuel Bojorquez reports and Jessica Levinson breaks down the verdict.
Space
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Space
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
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.
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.
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.
Evidence in "The Dexter Killer" case
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.
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
Johnson implements transgender restroom ban
House Speaker Mike Johnson on Wednesday took aim at incoming Democratic Rep. Sarah McBride, the first ever transgender member elected to Congress, with his decision to bar transgender people from using bathrooms in the Capitol Complex that do not align with their sex assigned at birth. Scott MacFarlane has more.
How mass deportations could affect food
President-elect Donald Trump confirmed that he plans to address illegal immigration in the U.S. through a mass deportation program. CBS News MoneyWatch correspondent Kelly O'Grady discusses how such a plan could affect the food industry.
Who is Linda McMahon?
President-elect Donald Trump announced he plans to nominate former wrestling executive Linda McMahon as education secretary. Washington Post political investigative reporter Beth Reinhard joins "The Daily Report" to discuss her qualifications and plans.
Can Democrats fill 44 judicial vacancies?
President-elect Donald Trump is urging Republicans to slow down President Biden's judicial nominations before January. There are currently 44 vacancies, and 14 of Mr. Biden's nominations await Senate approval. Wall Street Journal Supreme Court correspondent Jess Bravin joins "The Daily Report" to discuss.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.