Stocks slump after report showing sharp drop in U.S. hiring
CBSN
Fear, long absent in financial markets as investors bet on a soft landing for the U.S. economy, is back in the air on Wall Street.
Stocks opened sharply lower Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected.
Shortly after the start of trade, the blue-chip Dow Jones Industrial Average slid 461 points, or 1.1%, to 39,887. The broader S&P 500 sank 1.2%, while the tech-heavy Nasdaq Composite lost 2%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel.
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Mt. McKinley avalanche kills skier just days after climber fell 3,000 feet to his death on same peak
A skier died after being caught in an avalanche on Alaska's Mount McKinley, officials said Wednesday — just days after a climber fell 3,000 feet to his death on North America's tallest peak.
Meta said Thursday that it's suing an app maker that uses artificial intelligence to simulate nude images of real people who appear clothed in pictures.
Washington — Democratic Sen. Elizabeth Warren of Massachusetts is urging President Trump to "reverse course" on the Department of Government Efficiency's efforts to cut government spending and agencies, advocating instead that he implement her policy proposals to find savings, days after a split between Elon Musk and the president spilled into public view.
One of the world's most active volcanoes, Kilauea on Hawaii's Big Island, began spewing lava from the north vent Wednesday, the latest event in an ongoing eruption that began almost six months ago.
Washington — The House is expected to vote Thursday on the White House's rescission package — its formal request to claw back funding for NPR, PBS and international aid that lawmakers had previously approved.
U.S. officials have been told Israel is fully ready to launch an operation into Iran, multiple sources told CBS News.
Activist David Hogg is exiting his role as Democratic National Committee vice chair, he said Wednesday, after months of controversy sparked by his plan to back primary challenges against Democrats he claims are "asleep at the wheel."
Gun deaths among children have risen over a 13-year period in states with lax firearm laws, according to a new study published this week in JAMA Pediatrics, a peer-reviewed medical journal.
A federal judge ruled Wednesday the federal government cannot deport or detain Columbia University activist Mahmoud Khalil for the foreign policy reasons cited by the Trump administration.
Consumers are finally getting a break when it comes to egg prices.
As demonstrations against Immigration and Customs Enforcement raids continue in Los Angeles, misleading videos, conspiracies and false claims have spread on social media.
Much like a golf course, Venmo can bring some unexpected twists and turns.
As federal policies and staffing levels rapidly change in the name of government efficiency and energy independence, historical sites across the United States — sites that help the public understand the cultures that came before them and built their communities of today — are in jeopardy of losing out on important federal protections. "National Park Service employees are deeply committed to preserving our public lands and serving visitors. At times, team members may step into a range of responsibilities outside their usual scope to help ensure continued access, safety, and stewardship across the park system. This flexibility reflects the dedication and collaborative spirit of our workforce.