
S&P 500 marks worst quarter since 2022 amid tariff and inflation fears
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
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Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
The Trump administration will unveil its long-planned reciprocal tariffs this week with a 25% import tax on foreign-made cars and auto parts also set to go into effect. CBS News' Fin Gómez, Kelly O'Grady and Anthony Salvanto have more.
Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
On Friday, President Trump spoke with new Canadian Prime Minister Mark Carney for the first time, Vice President JD Vance visited a U.S. military base in Greenland as the administration pushes for a takeover of the island territory and investors dumped stocks amid tariff turmoil. CBS News' Ed O'Keefe and Jo Ling Kent have the latest.
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
President Trump withdrew New York Rep. Elise Stefanik's bid to be the next ambassador to the United Nations on Thursday, with Republicans' tight House majority likely to blame. Plus, the Dow Jones and some auto stocks dropped one day after the president announced a 25% tariff on imported cars. CBS News' Ed O'Keefe, Nikole Killion and Kelly O'Grady have the latest.
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
Investors on Wall Street are bracing for President Trump's looming tariffs on auto imports. He is expected to unveil the new duties on Wednesday. CBS News senior business and tech correspondent Jo Ling Kent reports.
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Mounting concerns about the Trump administration's trade policies are driving institutional investors away from U.S. stocks.
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.
Investors await Federal Reserve interest-rate decision this week, while bracing for another round of U.S. tariffs.
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Wall Street is looking to bounce back this week after the Dow posted its biggest one-week loss since 2023. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The first weeks of the new Trump administration have sparked stock market jitters and recession fears. Here's advice from top experts.
Tesla sales are down, its stock prices are slumping and the Elon Musk-led electric vehicle company has just lost another previously satisfied customer in the U.S. Senate: Mark Kelly of Arizona. Political strategists Kevin Sheridan and Chuck Rocha join "America Decides" to analyze this and the Democrats' bad week in Congress.
An Israeli security official said the transfer of aid into the territory is halted "until further notice," the first major test of the ceasefire.
Democrats and Republicans remain dug in on their positions on Day 19 of the government shutdown, which has become the third-longest funding lapse in modern history.
President Trump called Colombia's president an "illegal drug leader" and pledged to end U.S. aid to the country, following the leader's criticism of U.S. strikes on alleged drug boats.
She was a 16-year-old employee at Mar-a-Lago in 2000 when she says she was recruited into Jeffrey Epstein's sex trafficking ring. Before her death by suicide earlier this year, Giuffre wrote a memoir, "Nobody's Girl," and sought the release of the Epstein Files.
Thieves broke into the Louvre in Paris — the world's most visited museum — early Sunday morning. Museum officials said they stole jewelry and fled.
The U.S. military struck another alleged drug-carrying vessel on Friday, killing three people, Defense Secretary Pete Hegseth announced, in the seventh known attack since last month.
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.
Limp Bizkit, with roots in Jacksonville, Florida, emerged in the late 1990s with a sound that melds alternative rock, heavy metal and rap.
The report in a British newspaper follows Buckingham Palace's announcement on Friday that Andrew agreed to relinquish use of the Duke of York and other remaining royal titles.