GameStop appoints Chewy founder Ryan Cohen as chief executive
The billionaire will not receive compensation for serving as the company's president, CEO and chairman, GameStop said.
Stock Market
A look at Instacart's stock market debut
San Francisco-based grocery delivery company Instacart made its Nasdaq debut on Tuesday, closing at about a 12% gain. Natalie Lung, a technology reporter for Bloomberg, joins CBS News to discuss Instacart's transition to a public company.
Moody's cuts credit ratings for 10 U.S. banks
Bank stocks fell Tuesday after Moody's Investors Service downgraded the credit ratings of 10 regional banks, citing growing financial risks and strains that could erode their profitability. The move prompted new concerns over the health of the banking sector. J.D. Durkin, host for financial site TheStreet, joins CBS News to discuss how it all impacts investors and the stock market.
Biden economic adviser on credit downgrade
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
The economy's long, hot, and uncertain summer — CBS News poll
High prices and interest rates are still weighing on personal budgets.
Job market cools in June
The U.S. economy added fewer jobs than predicted in June, sending stocks seesawing even as the unemployment rate remained steady. The report sparked fears that the Fed will raise interest rates again. Natalie Brand is at the White House with more.
Economic impact of excessive heat
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
Recession fears subside
For the last year, experts have been making predictions of a recession but it hasn't arrived. Edward Yardeni, president and chief investment strategist at Yardeni Research, joins CBS News to break down what is and isn't happening with the economy.
The bear market is over. Here's why investors see better days ahead.
Long market slump was especially painful for Americans saving for retirement, with their investments losing $3 trillion in value.
Biden praises debt ceiling deal
President Joe Biden addressed the debt ceiling deal in a speech from the Oval Office, saying the bipartisan agreement avoids "economic collapse." Meanwhile, the stock market rallied behind a strong jobs report. Christina Ruffini has more.
Why Nvidia's chips are so important for AI
Nvidia's market cap fell to around $936 billion on Wednesday after a stock surge triggered by the artificial intelligence boom briefly pushed it to over $1 trillion. Forbes senior writer Richard Nieva joins CBS News to discuss market affection for AI.
Stocks close strong as debt talks improve
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Debt ceiling talks appear to have stalled
Negotiations on the debt ceiling stalled Tuesday as the White House and House Republicans remain divided over spending cuts. Discussions ended late Tuesday and economists warn that the stock market could crash and the economy may experience a severe recession if no agreement is reached and the United States defaults on its debt. Congressional correspondent Scott MacFarlane reports from Washington.
Retail earnings show mixed results
Stocks closed in the green Wednesday, as investors react to the debt ceiling negotiations and new earnings data. Wall Street Journal markets reporter Hannah Miao joined CBS to explain what the information means for investors and consumers.
Consumer debt passes $17 trillion
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
Risks and benefits of short-selling stocks
Short-selling is strategy stock traders are utilizing to make profits in a pinch. Wall Street Journal reporter Matt Wirz joins CBS News' Lilia Luciano and Tony Dokoupil to discuss what consumers need to know.
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Investors react as inflation slows
Stocks closed relatively flat Wednesday following the release of Consumer Price Index data for April. Wells Fargo senior global markets strategist Scott Wren joins CBS News to explain what the new inflation numbers mean for consumers and investors.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Markets, money and Americans' mental health
Stocks closed flat Monday as investors await new data on consumer and producer prices. Bankrate senior industry analyst Ted Rossman joins CBS News to discuss the markets as well as a new survey on personal finances and mental health.
Why the U.S. debt ceiling is unique
As Congress and the White House face down a deadline to raise the debt ceiling, the U.S. moves closer to a possible default. CBS News' Errol Barnett has a look at why the U.S. handles its debt differently than any other nation.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
Live
Senate plans 11th vote to fund government on Day 20 of shutdown
The government shutdown extends into Day 20 on Monday as the Senate plans its eleventh vote on a House-passed measure to end the impasse. Follow live updates here.
Top U.S. officials return to Israel after violence tests Gaza ceasefire
After Israel-Hamas clashes test Trump's Gaza peace deal, his top negotiators return to the region to shore up the ceasefire.
See the jewels the Louvre thieves stole — and one they didn't get away with
The Louvre, the world's most iconic museum, remained closed Monday after thieves stole priceless treasures from the Apollon Gallery, the home of the French crown jewels.
Supreme Court to decide fate of law barring drug users from having guns
The Supreme Court will decide whether a federal law that prohibits unlawful drug users from having firearms violates the Second Amendment.
Trump calls for Ukraine ceasefire with Russia holding occupied territory
Trump wants Russia and Ukraine to freeze the war on the current battlelines, with Moscow holding a huge swathe of eastern Ukraine. Zelenskyy seems unwilling.
Pope Leo XIV meets with survivors of clergy sexual abuse and advocates
The group has been campaigning to universalize the U.S. church's zero-tolerance abuse policy in the Catholic Church.
Amazon Web Services recovering from outage hitting many major apps, sites
An Amazon Web Services outage caused major disruptions around the world, disrupting services from Snapchat to online broker Robinhood.
Secret Service found a "suspicious stand" near Florida airport used by Trump, FBI says
Federal officials found a "suspicious stand" near the area used by Air Force One when President Trump travels to Florida, FBI Director Kash Patel said Sunday.
Private Medicare, Medicaid plans exaggerate mental health options, watchdogs say
A federal probe of Medicare and Medicaid plans run by private insurance companies found that the plan operators often overstated how many mental health providers were available in their networks.