
Stocks climb after Powell hints at potential rate cut at Jackson Hole
Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.
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Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.
Intel was under the Wall Street spotlight Tuesday as shares popped nearly 7% on news that the struggling chip maker secured a $2 billion investment from SoftBank. Plus, as Commerce Secretary Howard Lutnick confirmed, the White House is considering buying a 10% government stake in the company. Bloomberg News technology editor Sarah Frier joins CBS News with more.
Stocks fell across the board on Friday after President Trump threatened a new 35% tariff on Canada. CBS News contributor Javier David breaks down the market's reaction.
Stock prices closed higher on Wall Street as investors brushed off President Trump's threat to hit more than 20 countries with new tariffs by Aug. 1. Kelly O'Grady has more.
President Trump announced a new 50% tariff on copper in a Cabinet meeting on Tuesday as the White House continues to threaten new tariffs on trading partners. CBS News MoneyWatch correspondent Kelly O'Grady has the latest updates.
CBS News MoneyWatch correspondent Kelly O'Grady reports on how markets are reacting after President Trump pushed back the deadline for countries to make trade deals with the United States. Countries now have until August 1 before they'll face tariff increases.
Stocks remained steady as the Senate passed President Trump's budget bill. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Wall Street reacted to President Trump terminating trade discussions with Canada on Friday. The S&P 500 hit its all-time closing high. CBS News contributor J.D. Durkin has more from the New York Stock Exchange.
The U.S. and China agreed on the first phase of a trade deal Friday, giving investors on Wall Street a sigh of relief. Washington Post economics correspondent Heather Long joins "Red & Blue" to break down the deal's winners and losers.
The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
In 2008, the banking system was near total collapse, the stock market was in free fall, and government officials (it seemed to many) were as clueless as the rest of us. CBS News business analyst Jill Schlesinger looks back at the housing and banking crisis that almost dragged the world down into another Great Depression, and talks with historian Adam Tooze and Wall Street Journal reporter Gretchen Morgenson about how many of the new rules put into place to protect the system from suffering another meltdown are being diluted.
The investment banking firm Sandler O'Neill lost a third of its employees on 9/11 -- 66 people in all. But a month later, the company is up and running, while also providing logistical, emotional and financial support to the families of the staff it lost. Steve Kroft reports.
Steve Kroft lifts the veil on credit default swaps -- the private, under-regulated and poorly understood investments that helped decimate the economy. How and why did Wall Street make such a risky bet?
Steve Kroft examined a vast unregulated shadow market in leveraged bets called "credit default swaps"
In the 2008 Great Recession, taxpayers were forced to bail out reckless Wall Street excess. Scott Pelley asks Fed Chair Jerome Powell: How safe are banks today?
President Trump is pushing back on Wall Street's new "TACO" acronym that's being used to describe his economic policies. The acronym stands for "Trump Always Chickens Out." Political strategists Joel Payne and Matt Gorman, along with CBS News chief White House correspondent Nancy Cordes, join to discuss.
U.S. wholesale prices unexpectedly fell in April, marking the largest monthly drop since the start of the pandemic in 2020. CBS News contributor J.D. Durkin has more.
President Trump to sign executive order aimed at revitalizing the coal industry; Scientists claim to successfully revive once extinct Dire wolf.
Stocks rebounding after wild day on Wall Street; Supreme Court lifted a federal judge's order that blocked the Trump administration from using the Alien Enemies Act to deport migrants to El Salvador.
President Trump holds a call with the acting president of South Korea to discuss a potential tariff deal; In shrinking rural towns, these Texas high schools are teaming up to stay alive.
The stock market closed in the green for the start of May thanks in part to strong quarterly earnings from Meta and Microsoft. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Investors are reacting to strong earnings from two of America's biggest tech names, Microsoft and Meta. The Dow went up about 80 points on Thursday, one day after data showed the U.S. economy shrank in Q1 of 2025. CBS News contributor J.D. Durkin reports.
After a 2-day relief buoyed investor confidence, futures slipped signaling a weaker start to the day on Wall Street.
Tesla released its earnings report for 2025's first quarter Tuesday with sales and profits falling short of analyst expectations as CEO Elon Musk continues to focus on the Trump administration's Department of Government Efficiency. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump started the day calling Federal Reserve Chairman Jerome Powell names and pressuring him to lower interest rates. The comment caused an immediate reaction on Wall Street. Kelly O'Grady has analysis.
President Trump also said he's willing to bring in the "regular military," not just the National Guard.
The Justice Dept. released transcripts of Deputy AG Todd Blanche's two-day interview with convicted sex trafficker and Jeffrey Epstein associate Ghislaine Maxwell.
A tour bus with more than 50 passengers lost control and rolled over on the New York State Thruway near Pembroke, officials said.
Lt. General Jeffrey Kruse is no longer Defense Intelligence Agency director, a senior defense official confirmed Friday.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The FBI confirmed it that it searched former national security adviser John Bolton's house early Friday morning.
The IPC, a global body that monitors hunger crises, says 22 months of war in Gaza have left half a million people facing "starvation, destitution and death." Israel calls it "lies."
Once approved by the Republican majority, the bill will head to Gov. Greg Abbott's desk for his signature.
A panel denied Erik Menendez, Lyle's brother, parole after a 10-hour hearing on Thursday.