Stocks slide as investors fret about inflation
CBSN
Stocks faltered on Thursday as investors await a key government report on the pace of U.S. inflation in May.
The S&P 500 fell 98 points, or 2.4%, to close at 4,018, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial Average tumbled 638 points, or 1.9%, in the blue-chip index's worst day since May 18. The tech-heavy Nasdaq composite lost 2.7%.
Wall Street could be set for bigger swings on Friday after the Department of Labor releases its latest reading on the Consumer Price Index. Economists expect it to show inflation slowed a touch to 8.2% in May from 8.3% a month earlier and 8.5% in March.
Married couples across the U.S. have had access to no-fault divorce for more than 50 years, an option many call crucial to supporting domestic abuse victims and key to preventing already crowded family courts from drowning in complicated divorce proceedings.
NEW YORK -- An Osprey being used to ferry White House staff and government officials from an event in New York on Monday was grounded due to a safety concern, with one witness reporting flames under the right engine.
A sonar image suspected of showing the remains of the plane of Amelia Earhart, the famed American aviator who disappeared over the Pacific in 1937, has turned out to be a rock formation.
A pilot and a rescue dog he was transporting to an animal shelter were killed when a small plane crashed in the snowy woods of the Catskill Mountains, though two other dogs were later found to have survived, authorities said.
Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists.
The typical American retires far earlier than he or she expects to, and it's often not by choice, according to new research from the Transamerica Center for Retirement Studies.
Rapper Drake's company Frozen Moments filed a petition in a New York court Monday accusing the streaming service Spotify and Universal Music Group of conspiring to inflate the streams of Kendrick Lamar's hit diss track "Not Like Us."
President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
A class of drugs known as GLP-1s have been helping people lose weight, but out of pocket costs put them out of reach for many Americans. In West Virginia, a subsidy program for public employees was showing promising results, but then the state abruptly ended it, leaving many searching for new solutions.
President Biden and first lady Jill Biden will attend President-elect Donald Trump's inauguration on Jan. 20, the White House said Monday.
Starbucks said Monday that a ransomware attack on a third-party software provider is hindering its ability to track baristas' hours and manage their pay.