A look back at 1990's quirky recession
In this fun "Mornings Memory," we revisit a hands-on illustration from 1990, where large and colorful balls were used on CBS This Morning to explain the complexities of supply and demand during a recession.
Recession
Major market indexes show signs of recovery
Fears of a U.S. recession appear to be easing Tuesday with most equities rallying after the stock market plunged on Monday. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joined CBS News to discuss the economy.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
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.
Stock market shocked by economy fears
The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.
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.
Recession fears after new data
Disappointing July jobs data could bring about fears of a potential recession as Americans navigate a period of inflation in the U.S. economy. CBS News contributor Javier E. David breaks down the signals to look out for as the markets react to the latest numbers.
Why many think the U.S. is in a recession
More than half of Americans believe the U.S. is in a recession, according to a Harris poll conducted for the Guardian. CBS News contributor Javier E. David discusses the data, which shows the economy is strong despite people's sentiment.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Poll: Americans' economic outlook improving
Americans' views on the economy are improving, according to new CBS News polling. Anthony Salvanto, CBS News executive director of elections and surveys, joins "America Decides" to break down the findings.
Why January's jobs report is a big surprise
The U.S. economy added 353,000 jobs in January, according to the Labor Department's first jobs report of the year. Daniel Zhao, the lead economist at Glassdoor, joins CBS News with a look at the surprising data.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
What to expect from the economy in 2024
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
These jobs saw the biggest pay hikes across the U.S. in 2023
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Biggest financial stories heading into 2024
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Recession fears eased by latest PPI report
Wholesale prices fell half a percentage point last month, according to the latest Producer Price Index report, signaling a possible ease in inflation. Greg Robb, a senior reporter and economics editor for MarketWatch, joined CBS News to discuss the numbers.
What court decision means for real estate
CBS News business analyst Jill Schlesinger talks about the importance of a Missouri realty case that awarded a group of home sellers about $1.8 billion in damages, and how it might lead to changes in the housing market. She also touches on mortgage rates and whether or not we might be headed into a housing recession.
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
U.S. Real GDP higher than thought in new data
The U.S. Real GDP increased at an annual rate of 2.1% for the second quarter of 2023, according to a revised report released Thursday by the Bureau of Economic Analysis. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the numbers.
Fewer Americans expecting recession now — CBS News analysis
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Recession fears dampened by consumer spending
Economic forecasts had recession on the mind earlier this year, because of concerns over inflation and interest rate hikes to combat it. But the labor market has stayed strong, price increases have eased and people are still making purchases. Abha Bhattarai, economics correspondent for the Washington Post, joined CBS News to discuss.
New jobs report shows solid labor market
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
Judge postpones Trump's New York "hush money" sentencing
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Conor McGregor sexually assaulted woman in hotel room, civil jury finds
The Dublin jury awarded the woman nearly $257,000 for her lawsuit that claimed Conor McGregor "brutally raped and battered" her on Dec. 9, 2018
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Texas approves allowing Bible-based teachings in public grade schools
The State Board of Education heard testimony from over 150 teachers and parents on the matter.
U.S.
More U.S.
Former cyber czar urges vigilance — "it's not the attackers… it's us"
A new study says 86% of businesses and organizations hit by cyberattacks were targeted on a weekend or holiday.
Soccer star Marta is on the brink of an NWSL title: "Magic moment for me"
After a near-perfect season – they only lost two games and won the NWSL Shield title – the Orlando Pride finished at the top of the table and will play for the championship on Saturday.
U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
2 men convicted of charges tied to human smuggling, Indian family's death
A jury has reached verdicts for two men facing charges in a human smuggling case after an Indian family froze to death at the Canada-U.S. border.
MoneyWatch
More MoneyWatch
Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Trump's proposed tariffs could raise U.S. grocery prices, analysis finds
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
Politics
More Politics
Former cyber czar urges vigilance — "it's not the attackers… it's us"
A new study says 86% of businesses and organizations hit by cyberattacks were targeted on a weekend or holiday.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
Judge postpones Trump's New York "hush money" sentencing
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Replacing JD Vance in the U.S. Senate sets off scramble in Ohio
Sen. JD Vance's election as vice president has opened up one of Ohio's U.S. Senate seats.
HealthWatch
More HealthWatch
What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Anti-fraud efforts meet real-world test during ACA enrollment period
The federal government put guardrails in place to limit unauthorized plan sign-ups and switches. But the changes could prove to be a burden to consumers.
Life expectancy gap in the U.S. widens to 20 years: "Truly alarming"
Life expectancy in the United States varies by more than 20 years depending on race and ethnicity and where you live, according to new research.
RFK Jr. weighing FDA crackdown on food additives under Trump
Kennedy's team is weighing a significant rewrite of the FDA's rules.
World
More World
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Conor McGregor sexually assaulted woman in hotel room, Irish civil jury finds
The Dublin jury awarded the woman nearly $257,000 for her lawsuit that claimed Conor McGregor "brutally raped and battered" her on Dec. 9, 2018
Frenchman jailed for teen daughter's rape, inviting others to join abuse
A 38-year-old man has been jailed in France for raping his teenage daughter for years and inviting other men, many of them much older, to join in the abuse.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
4 U.N. peacekeepers wounded as Israel, Hezbollah clash in Lebanon
Four Italian soldiers were lightly wounded amid clashes between Hezbollah and Israeli forces in southern Lebanon.
Entertainment
More Entertainment
Ridley Scott on returning for "Gladiator II": "I kept thinking about it"
Ridley Scott returns to ancient Rome with "Gladiator II" nearly 25 years after the Oscar-winning original.
Ridley Scott on his vision for "Gladiator II"
Nearly 25 years after the original "Gladiator" won five Academy Awards, Ridley Scott returns with "Gladiator II," out Nov. 22. Elizabeth Palmer speaks with the director about bringing his epic vision back to life.
Melissa Etheridge to perform at NWSL Championship
Grammy-winning artist Melissa Etheridge will sing the national anthem at the 2024 NWSL Championship in Kansas City. Known for her hit "Come to My Window," Etheridge shares her excitement about the honor and the big game.
Connie Nielsen on returning to "Gladiator" after 24 years
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Shelby Lynne on how personal struggles and friendships impacted her music
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Technology
More Technology
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Australia could ban social media for kids
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
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.
DOJ targets Google's search engine monopoly
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Science
More Science
Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
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.
Crime
More Crime
U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
84-year-old Texas man accused of killing roommate and her dog
The man was arrested on an unrelated carjacking warrant and admitted to killing his roommate and her pet.
Georgia woman convicted of killing her toddler gets life in prison
Leilani Simon was spared the maximum punishment of life without a chance of parole.
Guns, ammunition flowing from U.S. to Latin America and Caribbean
U.S. guns are fueling conflict in Latin America and the Caribbean.
Space
More Space
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Latest news on Trump's future
President-elect Donald Trump's sentencing in the criminal "hush money" case against him has been delayed. This comes after Trump announced a new pick for attorney general, former Florida Attorney General Pam Bondi. Politico's Megan Messerly breaks down the latest on Trump's second term.
Extreme weather in U.S. slams coasts
Severe weather on both sides of the country is bringing snow to the East as the West recovers from a bomb cyclone. Power outages and several deaths have been reported in Washington. CBS News' Jessica Burch has the latest forecasts, and Rob Marciano and Christina Fan have more on the weather impact in California and New Jersey.
Trump "hush money" sentencing delayed
New York Justice Juan Merchan has delayed the sentencing of President-elect Donald Trump in the "hush money" case where he was found guilty. Merchan gave Trump's legal team until Dec. 2 to file a motion to dismiss the case as the former president prepares for a second term in the White House. CBS News contributor Caroline Polisi has more on the decision, and CBS News campaign reporter Jake Rosen has more on the Trump campaign's latest moves.
Gaetz not returning to Congress
Former Florida Rep. Matt Gaetz told conservative personality Charlie Kirk that he will not be part of the 119th Congress in January. This comes after he announced he would withdraw from consideration to be President-elect Donald Trump's attorney general. CBS News' Aaron Navarro reports.
Washington-Orlando for NWSL Championship
Kansas City's CPKC Stadium, the first stadium built exclusively for women's soccer, is hosting the National Women's Soccer League Championship game this weekend between the Washington Spirit and Orlando Pride. "CBS Saturday Morning" co-host Dana Jacobson has a look at the venue and a preview of the game.