Stocks opens mixed, with investors cheered by signs of cooling inflation
CBSN
Trading in U.S. stocks rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February.
The S&P 500 rose 39 points, or 0.7%, to 5,611 in early trading, a day after it briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average was down 132 points, or 0.3%, and the Nasdaq composite was 1.3% higher.
Inflation in February rose 2.8% from a year ago, slightly lower than economists had forecast, according to the latest Consumer Price Index data.
Lawyers for an activist who led pro-Palestinian protests at Columbia University are expected to face off Wednesday in court with federal officials who want him deported.
Nuuk, Greenland — The center-right Demokraatit Party won the most votes in Greenland's parliamentary elections, a surprise result as the territory went to the polls in the shadow of President Trump's stated goal of taking control of the island one way or another.
They run businesses. They tend bars. They pay taxes. While they are in the U.S. illegally, they are largely spared the scrutiny of that label. But still they live in fear. They are the thousands of undocumented Irish immigrants in America today.
The heads of U.S. and Russian spy agencies have have spoken by phone and agreed to keep up regular contacts to lower the temperature in U.S.-Russia relations, news reports said Wednesday.
NASA's newest space telescope rocketed toward orbit Tuesday to map the entire sky like never before — a sweeping look at hundreds of millions of galaxies and their shared cosmic glow since the beginning of time.
Tucked beneath snow-capped mountains in Montana, the Missoula Fire Sciences Laboratory is unlike any other lab in the country. It's where scientists are starting fires to better understand how they burn — and how to manage them.
BATON ROUGE, La. — A federal judge has halted Louisiana's first death row execution using nitrogen gas, which was scheduled to take place next week.
Aging 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind.
Washington — A pair of federal judges warned Tuesday of continued threats against members of the judiciary amid criticism leveled by Elon Musk and threats of impeachment by Republicans in Congress. They warned such attacks strike at judicial independence.
Police in Louisiana have arrested two more people who were allegedly involved in the off-campus, fraternity hazing death of 20-year-old Southern University student Caleb Wilson last month, bringing the total arrests to three.
Andy Hazelton learned he'd been fired the same way everyone else did. Like hundreds of his colleagues at the National Oceanic and Atmospheric Administration, or NOAA, he received a mass email from the head of the agency at around 3:45 p.m. on Feb. 27 confirming his termination, effective immediately.
Washington — Staff at the Department of Education received a notice Tuesday instructing them to leave the building by 6 p.m. local time and informing them that all department offices in Washington, D.C., as well as regional offices, will be closed Wednesday, according to an email obtained by CBS News.
The U.S. Department of Agriculture is cutting two federal programs that provided about $1 billion in funding to schools and food banks to buy food directly from local farms, ranchers and producers, part of what the agency said was a decision to "return to long-term, fiscally responsible initiatives."