Tesla shares plunge as Trump suggests stripping Elon Musk's companies of federal contracts
Tesla's stock price tumbles 14%, erasing more than $150 billion in the automaker's value, as Elon Musk and President Trump trade barbs.
MoneyWatch
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Americans are filing for Social Security at record rates. Here's why.
Spike in early Social Security claims this year points to growing concerns about the health of the Social Security system, experts say.
Trump threatens to cut off Musk's subsidies. That could cost Tesla and SpaceX billions.
"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.
Military parade could disrupt flights at D.C.'s Reagan National Airport
The airport is expected to suspend commercial airline operations to accommodate military plane flyovers and more.
Unemployment claims rise to highest level in 8 months, signaling slowdown
While filings remain at historic lows, the uptick in unemployment claims from last week could point to a slowing labor market ahead of jobs report.
Jane Birkin's Hermes bag is going to auction at Sotheby's
Jane Birkin's original handbag, conceived after a chance encounter, has become one of the world's most coveted fashion accessories.
Trump speaks to China's Xi on trade, says talks will resume soon
President Trump spoke to Chinese President Xi Jinping on Thursday amid an ongoing dispute over a temporary deal to ease the escalation of tariffs.
Nintendo Switch 2 draws hordes of fans to stores for global release
Fans around the world lined up outside electronics stores hours in advance to collect their pre-ordered video game consoles.
Procter & Gamble says it will cut 7,000 jobs over the next 2 years
Procter & Gamble plans to cut non-manufacturing jobs as it seeks to compete in what the company calls an "increasingly challenging environment."
Managing Your Money
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What happens to an annuity when a person dies?
Annuities can provide guaranteed income for life, but what happens to that income stream when you die?
Home equity levels just hit a new high. Here's why it's worth borrowing now.
Home equity levels are rising once again. Here's why it could be a smart borrowing source for homeowners right now.
3 gold price questions that investors should be asking now
With gold's price poised to break yet another record high, prospective investors should be asking these questions now.
From Our Data Team
Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs
CBS News is tracking the rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Retirement
Americans fear going broke in retirement more than death, study finds
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
Here's the magic number Americans say they need for retirement
Americans have big financial goals for what they think they'll need for a comfortable retirement, a new survey finds.
3 questions to ask about your retirement savings when stocks plunge
The first weeks of the new Trump administration have sparked stock market jitters and recession fears. Here's advice from top experts.
Work
Judge scraps rules requiring employers to offer time off for abortions
Federal judge strikes down government regulations requiring most U.S. employers to accommodate workers for abortions.
What has DEI actually done for U.S. workers and employers?
President Trump has painted a bullseye on diversity, equity and inclusion. But what exactly is DEI, and what has it achieved?
The best and worst U.S. states for finding a good job in 2024
Ample job opportunities, low unemployment and reasonable commute times make this the top U.S. state for job seekers, analysis finds.
U.S.
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Meet the horses running in the Belmont Stakes
The Belmont Stakes is set to host a rematch in New York on Saturday of the top three finishing horses from the Kentucky Derby.
2025 Pride celebrations go ahead despite corporate exodus
The organizers of prominent Pride celebrations saw huge sponsorship drop-offs this year, a pattern seen as a response to the Trump administration.
Timeline: How Trump and Musk went from rivals to allies — and now foes again
President Trump once called Elon Musk "one of our great brains," but wrote this week he's gone "CRAZY."
Paramount Global chair Shari Redstone diagnosed with thyroid cancer
In a statement, a spokesperson for Shari Redstone said "her prognosis is excellent."
Oklahoma company seeks to buoy U.S. production of critical rare earth magnets
China produces as much as 95% of the world's rare earth magnets.
MoneyWatch
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2025 Pride celebrations go ahead despite corporate exodus
The organizers of prominent Pride celebrations saw huge sponsorship drop-offs this year, a pattern seen as a response to the Trump administration.
Tesla shares plunge as Trump suggests stripping contracts from Musk
Tesla's stock price tumbles 14%, erasing more than $150 billion in the automaker's value, as Elon Musk and President Trump trade barbs.
Trump threatens to cut off Musk's subsidies. That could cost Tesla and SpaceX billions.
"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.
Military parade could disrupt flights at D.C.'s Reagan National Airport
The airport is expected to suspend commercial airline operations to accommodate military plane flyovers and more.
Nintendo Switch 2 draws hordes of fans to stores for global release
Fans around the world lined up outside electronics stores hours in advance to collect their pre-ordered video game consoles.
Politics
More Politics
Immigrants at ICE check-ins held in basement of federal building in L.A.
Many undocumented immigrants who went to ICE check-in appointments at a federal building in L.A. this week were taken into custody, brought to the basement and held there, lawyers and family members say.
Timeline: How Trump and Musk went from rivals to allies — and now foes again
President Trump once called Elon Musk "one of our great brains," but wrote this week he's gone "CRAZY."
Judge blocks Trump admin from preventing foreign students from traveling to Harvard
If President Trump's measure stands, it would block thousands of students who are scheduled to come to the campus in Cambridge for summer and fall terms.
Key House Republican subpoenas Biden's White House doctor
A House GOP probe into former President Joe Biden's mental acuity is expanding.
"Narco subs" trafficking cocaine targeted in latest U.S. sanction
Four Guyanese nationals and two Colombians were sanctioned for trafficking cocaine through "narco subs," airstrips and various individuals, U.S. officials said.
HealthWatch
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HealthWatch
Cancer Moonshot legacy at risk
The National Cancer Institute could see nearly 40% of its funding slashed under President Trump's 2026 budget proposal. Former Cancer Moonshot official Dr. Kamal Menghrajani joins "CBS Mornings Plus" to break down what's at stake.
Asthma sufferers could be at greater risk if Trump cuts health program
The Trump administration wants to shutter the CDC's National Asthma Control Program, which provides millions in funding to state-administered initiatives aimed at fighting the disease.
FDA to review abortion pill mifepristone for safety. Here's what to know.
HHS Secretary Robert F. Kennedy Jr. asked the FDA "to review the latest data on mifepristone," but experts say concerns about the abortion pill's safety are misguided.
Ground beef with possible E. coli distributed nationwide, USDA says
The beef, which may be contaminated with E. coli, was distributed to Whole Foods Market retail locations across the U.S.
Tomato recall affecting multiple states elevated to highest risk warning by FDA
The tomatoes, recalled for potential salmonella contamination, were shipped to Georgia, North Carolina and South Carolina.
World
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"Narco subs" trafficking cocaine targeted in latest U.S. sanction
Four Guyanese nationals and two Colombians were sanctioned for trafficking cocaine through "narco subs," airstrips and various individuals, U.S. officials said.
U.S. sanctions 4 International Criminal Court judges
The judges are being sanctioned over arrest warrants for Israeli Prime Minister Benjamin Netanyahu and for U.S. personnel in Afghanistan.
Nintendo Switch 2 draws hordes of fans to stores for global release
Fans around the world lined up outside electronics stores hours in advance to collect their pre-ordered video game consoles.
Trump and Musk trade insults and accusations as public feud intensifies
"Elon and I had a great relationship," President Trump said Thursday. "I don't know if we will anymore."
See map and list of countries affected by Trump's travel ban
President Trump signed a proclamation barring travelers and immigrants from 12 countries and restricting entry for nationals from another seven.
Entertainment
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Nintendo Switch 2 draws hordes of fans to stores for global release
Fans around the world lined up outside electronics stores hours in advance to collect their pre-ordered video game consoles.
Judge threatens to exclude Sean "Diddy" Combs from courtroom
The judge in the Sean "Diddy" Combs trial threatened Thursday to potentially have him removed from court over interactions with the jury.
Nintendo Switch 2 hits shelves
Nintendo of America President Doug Bowser joins "CBS Mornings Plus" as fans line up across the country to get their hands on the company's first new console since the original Switch debuted in 2017.
"Wicked: For Good" trailer released
The trailer for the highly-anticipated sequel, "Wicked: For Good," has been released. In the film, Elphaba and Glinda team up to challenge the Wizard of Oz.
Popular band fined $36,000 for glorifying drug cartels
At a Los Tucanes de Tijuana performance, nearly a third of their songs were "narcocorridos" glamorizing drug traffickers, officials said.
Technology
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Technology
Nintendo Switch 2 for sale after delay
After much anticipation, Nintendo's newest video game console has finally arrived. The Nintendo Switch 2 went out Thursday after President Trump's tariffs forced the company to temporarily delay preorders. Scott Stein, CNET editor at large, joins "The Daily Report" to discuss.
Meta signs nuclear power deal for AI energy
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, joining the growing list of tech giants turning to nuclear energy to meet the demands of artificial intelligence. Bloomberg News tech reporter Riley Griffin has more.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Blue Origin spacecraft carries 6 to edge of space
A Blue Origin sub-orbital spacecraft successfully rocketed to an altitude more than 60 miles above the Earth Saturday with a crew of six. After separating from its booster, the capsule touched down in the West Texas desert about 10 minutes after liftoff.
Colleges try to tackle A.I. in the classroom
Some colleges are turning to classic tactics to try to keep A.I. out of the classroom. Sales of lined composition test books — known as "blue books" — which students used to use to handwrite essays and answers on exams, are on the rise, the Wall Street Journal reported. Here's how schools are trying to tackle the exploding use of A.I.
Science
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Japanese probe's second straight attempt at moon landing a failure
A private lunar lander from Tokyo-based company ispace was aiming for a touchdown in the unexplored far north with a mini rover.
Looking at Iran's uranium enrichment
Iran's foreign minister says his country will not accept any nuclear deal with the U.S. that completely bans uranium enrichment. Anna Erickson, professor of nuclear and radiological engineering at Georgia Institute of Technology, joins "The Daily Report" to discuss.
Fungus in "agroterrorism" arrest already widely prevalent in U.S., researcher says
Two Chinese researchers were charged with trying to smuggle strains of a fungus called Fusarium graminearum into the U.S.
NSF terminates research grants
The National Science Foundation (NSF) has terminated thousands of research grants, following President Trump's executive order. Todd Wolfson, President of the American Association of University Professors, joins "CBS Mornings Plus" with more details.
Massive planet discovered orbiting tiny star, puzzling scientists
It had not been thought possible that such tiny, weak stars could provide the conditions needed to form and host huge planets.
Crime
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Shooting inside ER of Evanston Hospital outside Chicago leaves security guard wounded
An Evanston Hospital security guard suffered non-life-threatening injuries, police said.
"Narco subs" trafficking cocaine targeted in latest U.S. sanction
Four Guyanese nationals and two Colombians were sanctioned for trafficking cocaine through "narco subs," airstrips and various individuals, U.S. officials said.
Colorado attack suspect gets 118 charges
The man accused of throwing Molotov cocktails at demonstrators calling for the release of Israeli hostages in Boulder, Colorado, appeared in court on Thursday. He has been in custody since his arrest following Sunday's attack. CBS News correspondent Omar Villafranca reports.
Judge threatens to throw Combs out
The judge in Sean "Diddy" Combs' sex trafficking trial admonished him and said he would consider removing Combs from the courtroom on Thursday. CBS News legal reporter Katrina Kaufman has more.
Toxic fungus smuggling suspect in court
One of the Chinese nationals charged with bringing a toxic fungus into the United States faced a judge Thursday and will be back in court next Friday. CBS News' Scott MacFarlane reports.
Space
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Space
Latest on Japanese lunar lander
Officials are waiting for a status update from a private Japanese space company on its second attempt to land a private lunar lander on the moon. The lander was set to touch down Thursday afternoon, but communication with it has been completely lost. Leroy Chow, a retired NASA astronaut, joins "The Daily Report" to discuss.
Japanese lunar lander loses connection
Japan and the space industry are hanging in suspense as they try to connect with a lander that was expected to touch down on the moon Thursday. CBS News space consultant Bill Harwood has the latest.
Watch: Fate of Japanese lunar lander unknown
A privately-built Japanese moon lander has so far failed to send a signal back to Earth after making its descent to the lunar surface on Thursday. CBS News space consultant William Harwood reports.
Japanese probe's second straight attempt at moon landing a failure
A private lunar lander from Tokyo-based company ispace was aiming for a touchdown in the unexplored far north with a mini rover.
Massive planet discovered orbiting tiny star, puzzling scientists
It had not been thought possible that such tiny, weak stars could provide the conditions needed to form and host huge planets.
Latest Galleries
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Summer music heats up 2025
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Attack on Pearl Street Mall in Boulder
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Jason Corbett murder: A look at the evidence
In August 2015, former FBI agent Tom Martens and his daughter Molly Corbett admitted killing her Irish-born husband Jason Corbett, insisting they beat him in self-defense
Latest CBS News Videos
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Latest CBS News Videos
Detainees spell out "SOS" at Florida facility
At a detention center in Miami-Dade County, Florida, detainees worked together to spell "SOS." CBS News Miami reporter Nikiya Carrero has more.
Reporter's Notebook: The real budget debate
As President Trump and Elon Musk trade insults on the public stage, a quieter battle emerges over who deserves government help. "CBS Evening News" co-anchor John Dickerson explains.
What to know about latest Supreme Court rulings
The Supreme Court released a number of unanimous rulings in major cases. Jessica Levinson joins with analysis.
San Francisco cracks down on homeless encampments
Surging homelessness in the U.S. has led to more tent encampment sites popping up across many big cities. Adam Yamaguchi reports on an aggressive push to get more unhoused people off San Francisco's streets.
The growing anti-war movement inside Israel
Israel said its forces recovered the remains of two Israeli-American hostages who were killed, and their bodies then taken, during Hamas' Oct. 7, 2023, terrorist attack. With the ceasefire deal with Hamas in doubt, returning more hostages seems out of reach. Imtiaz Tyab reports that frustration with the war is growing inside Israel.