
Stocks fall over interest rate hike fears
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Watch CBS News
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Mark Lehmann, CEO of JMP Securities, a Citizens Company, joined CBS News on Friday to discuss the state of the tech industry and the U.S. economy after the closing bell on Wall Street.
Some younger investors, including millennials and Gen Z, are opting for the safety of high-yield savings accounts over the far more volatile stock market. Stefanie O’Connell Rodriguez, host of Real Simple’s "Money Confidential" podcast, breaks down the differences.
The Consumer Confidence Index fell in February for a second straight month. And President Biden is nominating Julie Su to lead the Labor Department. Marketwatch market editor Bill Watts joined CBS News to discuss the latest on the economy.
The Dow Jones ended the day in the red, down about 700 points. The slide comes as big box retailers predict a rough outlook for 2024. Business journalist Kristin Myers joined CBS News to discuss what the numbers mean for the market.
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
CPA Ryan Losi explains how 2022’s poor stock market performance could be helpful in lessening tax bills this season.
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Yahoo has announced plans to cut more than 20 percent of its workforce. The announcement comes one day after Disney announced job cuts. Financial journalist Kristin Myers joined CBS to discuss what the layoffs could mean for investors.
The Dow Jones ended Wednesday in the red following President Biden's State of the Union address. Dan Geltrude, founder of accounting firm Geltrude and Company, joined CBS to discuss the economic impact of the speech.
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
The New York Stock Exchange ended relatively flat Wednesday. Dory Wiley, the president and CEO of Commerce Street Holdings told CBS News that missed expectations drove the markets, as recession fears loom.
As tech companies cutting thousands of jobs this month, CBS News correspondent Vladimir Duthiers discusses how the Federal Reserve's interest rate hikes have contributed to the industry's financial woes.
Stocks climbed to close out the week after a tumultuous few days following the U.S. Treasury Department's announcement that the country has hit its debt ceiling. Javier David, a CBS News contributor and managing editor of business & markets at Axios, and J.D. Durkin, host of "The Street," joined CBS News to discuss.
Reed Hastings, co-founder and co-CEO of Netflix, is stepping down, the streaming giant announced Thursday. He will step into a new role as executive chairman. Michael Pachter, managing director of equity research at Wedbush Securities, joined CBS News to discuss what this means for Netflix's future.
"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
The government is expected to release new inflation data Thursday. Lori Bettinger, the president of BancAlliance and a former director of the Troubled Asset Relief Program at the Treasury Department, joined CBS News after the closing bell on Wall Street to discuss the Federal Reserve's fight against inflation and how investors are reacting.
Wall Street forecasters are increasingly bearish as they eye a potential recession, which could send stocks tumbling.
Unemployment fell to a three-month low as the private sector added roughly 235,000 jobs. Kristin Myers, editor-in-chief of The Balance, joins CBS News to look at what's driving the economy and what's worrying investors.
Inflation, interest rates and a possible recession could weigh on markets. But there are also reasons for bullishness.
Investors are looking for any positive signs to bounce back from a down 2022 in the stock market. Chief investment officer Ahmed Riesgo of Insigneo joined CBS News to discuss where those signs might come from.
Will inflation finally relent? Is your job safe as recession looms? Here's what to expect from the U.S. economy this year.
2022 was the U.S. stock market's worst year since 2008. Javier David, the managing editor of business and markets for Axios and a CBS News contributor, joins us to breaks dow the challenges facing Wall Street and the risk of a recession in the new year.
J.D. Durkin, host of "The Street," joined CBS News to discuss the gains made by the stock market Thursday, and what investors are looking for going into 2023.
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.
Attorneys for former FBI Director James Comey called the criminal charges against him an "egregious abuse of power" driven by "President Trump's personal animus."
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.
Police say a phone call from the suspect's family and the hard work of officers may have stopped the man from taking dozens of lives.
The Trump administration fired Assistant U.S. Attorneys Kristin Bird and Elizabeth Yusi Friday, according to a source familiar with the matter.
A divided panel of judges on the U.S. Court of Appeals for the 9th Circuit ruled in favor of the Trump administration.
Trump wants Russia and Ukraine to freeze the war on the current battlelines, with Moscow holding a huge swathe of eastern Ukraine.
About 9 in 10 adults in the United States have not heard of cardiovascular-kidney-metabolic syndrome despite nearly 90% of adults being at risk for the condition, according to a recent survey.
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.