Stocks suffered their worst first half of the year since 1970. What's next?
CBSN
Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months.
The S&P 500, Wall Street's broad benchmark for many stock funds, lost 20% through the end of June after starting the year at an all-time high. It's the worst start to a year for stocks since 1970, according to calculations from Axios.
As the Federal Reserve has raised interest rates sharply, trying to tame the fiercest inflation in four decades, investors have grappled with uncertainty and fear. Higher rates can bring down inflation, but they also slow the economy, raising the risk of a recession. That's helped drag down the value of stocks, bonds, cryptocurrencies and other investments.
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A plane carrying six people crashed in an open field near Copake, N.Y., Saturday, according to the Federal Aviation Administration.
This story previously aired on June 15, 2024.It was updated on April 12, 2025.
The Trump administration confirmed to a federal judge that the Maryland man mistakenly deported last month is "alive and secure" but remains confined in a notorious El Salvador prison.
A fintech startup that raised $40 million based on the premise of its artificial intelligence capabilities was fueled by human labor, allegedly defrauding investors lured by the new technology of millions, federal prosecutors said this week in a statement.
The University of Florida has joined the list of higher education institutions in that state partnering with U.S. Immigration and Customs Enforcement (ICE) to carry out immigration enforcement on campus, officials told CBS News on Saturday.
The Masters has raised its prize money by $1 million for this year, making the total purse $21 million with $4.2 million going to the winner.
The Trump administration plans to release new documents on former Sen. Robert F. Kennedy's 1968 assassination in the coming days, Director of National Intelligence Tulsi Gabbard said Thursday, bringing fresh attention to a killing that has drawn public fascination for decades.
WASHINGTON — An American intelligence assessment of the Ecuadorian presidential election, set for Sunday, concluded that a reelection of the incumbent president would better serve U.S. national security interests over the challenger. The assessment comes as the Trump administration mulls establishing a permanent U.S. military presence in the South American country, once known as the "island of peace," to help battle violent gangs, CBS News has learned.
President Trump on Friday night authorized the military to take control of a strip of public land along the southern border.
The Food and Drug Administration is finalizing plans to replace some of the employees it laid off with contractors, three FDA officials tell CBS News, after steep cuts to the agency's workforce disrupted drug and food safety inspections.
A firing squad on Friday executed a South Carolina man who killed an off-duty police officer, the second time the rare execution method has been used by the state in the past five weeks.
Police in Georgia and Florida caught a convicted killer who was mistakenly released about two weeks ago from a county jail south of Atlanta, the U.S. Marshals Service said Friday.
All sense of survivors' guilt was fleeting for those residents whose homes remained standing after wildfires ripped through the Los Angeles area three months ago.