Stocks continue to fall, adding to biggest retreat of the year
CBSN
Wall Street is opening lower as worries build that the U.S. may be headed for a painful recession.
The S&P 500 fell 37 points, or nearly 1%, to 3,891 as of 11:40 a.m. EST Thursday. The Dow dropped 252 points, or 0.8%, to 33,044 and the tech-heavy Nasdaq was down 1.3%.
Reports showed weakness in several areas of the economy, including the housing industry and manufacturing in the mid-Atlantic region, though they weren't quite as bad as expected and the job market appears to remain healthy. They follow worse-than-expected readings a day earlier on retail sales, a cornerstone of the economy, and industrial production. Altogether, they show an economy slowing under the weight of last year's blizzard of rate hikes by the Federal Reserve.
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New York — At the Museum of Illusions in New York City, around every corner is a wonder for the eyes. There's a vase that's a face, art that moves with you, and a room that seems to go on forever.
The U.S. Centers for Disease Control and Prevention is now urging summer camp operators to check for documentation of immunity from measles through vaccination or prior infection for all children, staff and volunteers, amid a deadly year of outbreaks that is now near record levels.
Trump's military parade tomorrow isn't the first in the U.S. — but they're rare. Here's a look back.
Washington — President Trump is hosting a parade celebrating the 250th anniversary of the U.S. Army on Saturday, bringing tanks and soldiers to the streets of Washington, D.C., for the capital's first major military parade in more than three decades.
"No Kings" merchandise is cropping up for sale on Amazon, Temu and other online retailers ahead of the planned nationwide protests against the Trump administration scheduled for Saturday.
Ford CEO Jim Farley said that a rare earth minerals shortage is hurting production and caused the automaker to temporarily shut down one of its plants last month, according to an interview with Bloomberg TV.
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The new COVID-19 variant NB.1.8.1, which was linked to a large surge of hospitalizations in parts of Asia, could now make up more than 1 in 3 cases across the United States, the Centers for Disease Control and Prevention projected this week.
Washington — President Trump intends to open the Iowa State Fair on the first day of the 11-day event in August, according to sources familiar with the plan, revisiting a presidential campaign ritual in a state that helped deliver his return to the White House.
A military parade through the streets of Washington, D.C., is being held to celebrate the U.S. Army's 250th anniversary on Saturday, June 14 — which also happens to be President Trump's 79th birthday. Army officials say about 6,600 soldiers, 150 vehicles and more than 50 aircraft are set to participate.
President Trump on Friday lost his latest effort to get a retrial in the case in which a jury found him liable for sexual abuse and defamation of the writer E. Jean Carroll.
Washington — A federal judge in Massachusetts blocked President Trump's administration from implementing portions of his executive order that imposed new requirements involving proof of citizenship to register to vote in U.S. elections.
A 15-year-old girl in Arkansas died Wednesday after a pack of dogs she was caring for attacked her, authorities said.
Tesla on Friday announced it's launching new versions of its Model S and Model X vehicles in the U.S., with new price tags to match.