Latest in Street Sinks Recession
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Latest news on stock markets plunging amid fears of a recession
U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...CBS News - 1d -
Bitcoin falls to November low under $80,000 on heightened recession fears
Bitcoin slipped under the $80,000 level on Monday, dragged by the continued selling pressure in the equities market.CNBC - 1d -
US stock futures inch higher after selloff amid recession concerns
Dow futures traded up 156 points, or about 0.36%.ABC News - 17h -
Dow futures inch higher after recession fears fuel plunge
Dow futures make tepid advance in the wake of a broad market plunge that had the blue-chip index shedding nearly 900 points.CBS News - 15h -
Small Businesses Still Struggle to Hire, Despite Rising Recession Fears
The NFIB’s monthly poll of entrepreneurs lists recruitment problems, inflation, and the general outlook for economic growth as leading concerns.Inc. - 16h -
Ontario's Doug Ford warns of 'Trump recession,' threatens electrical shutoff to U.S.
Trump said that if Canada cuts off electricity exports to the United States as part of the ongoing trade war "they will pay a financial price for this."CNBC - 12h -
WATCH: Golden retriever takes 'retriever' identity very seriously
Brooks the golden retriever loves collecting sticks and is determined to carry a massive stick home through the streets of Charleston, South Carolina.ABC News - 5d -
Fed chief Jay Powell plays down growth worries after jobs report disappoints
Chair says US central bank in no ‘hurry’ to cut interest rates at end of turbulent week for Wall StreetFinancial Times - 4d -
Protests on International Women's Day in Turkey demand protection from domestic violence
Thousands of women have taken to the streets of Turkish cities to mark International Women’s Day, protesting inequality and violence against womenABC News - 3d -
Market alarms are flashing, and Citi’s latest downgrade adds fuel to the fire
Like other Wall Street banks, Citigroup is worried about the state of the U.S. economy, and recommend putting money elsewhere. For now.MarketWatch - 15h -
Investors fear that market turmoil will no longer rein in Trump
Also in today’s newsletter, meet the revered Wall Street veteran with two protégés planted in the president’s inner circleFinancial Times - 16h -
3/11: CBS Evening News Plus
Wall Street reacts to Trump's tariff flip-flopping with Canada; Reporter's Notebook: "Animal spirits" and the stock marketCBS News - 4h -
Inflation and tariffs might scare shoppers. Have they scared CEOs?
Executives are talking a lot about tariffs, but little about a recession. Adobe, Oracle and more retailers report during the week.MarketWatch - 2d -
3/9: CBS Weekend News
Trump doesn't rule out recession, rising inflation; Vineyard owner has winery dog clonedCBS News - 1d -
3/10: America Decides
Stock market takes tumble over fears of recession; Rubio announces 83% of USAID programs terminatedCBS News - 1d -
American travelers are booking fewer domestic flights in another warning sign for the economy
Americans’ spending worries and shortcomings are translating into turbulence for major airlines, and coming at a time where recession fears are growing.MarketWatch - 7h -
Justice Department is looking into egg prices in antitrust probe, report says
A report in The Wall Street Journal says DOJ investigators are looking into whether egg producers are working together to keep egg prices high.CNBC - 4d -
Tesla shares plunge 15%, steepest drop in five years
Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.NBC News - 1d -
Syrian Kurds celebrate deal with Damascus as coastal residents remain wary after violence
In northeast Syria, revelers took to the streets after the announcement of a breakthrough deal between the central government in Damascus and local Kurdish-led authoritiesABC News - 16h -
Stocks Fall Further on Trump’s Latest Tariff Talk
The S&P 500 is nearly 10 percent below its mid-February record — approaching a symbolic milestone known on Wall Street as a correction.The New York Times - 8h -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - 2d -
Live updates: Trump says he hates to 'predict things like that’ when asked if he expects a recession
House Republicans on Saturday unveiled a 99-page, six-month stopgap funding bill to avert a government shutdown and increase defense funding while seeking cuts for nondefense programs, which will ...The Hill - 2d -
‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs
US president downplays recent stock market volatility that followed his ducking and weaving over tariff policy. US politics live – latest updates Donald Trump on Sunday refused to rule out the ...The Guardian - 2d -
Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet
Economists say Trump is proving to be an "agent of chaos" with his unpredictable trade tariff policies but a downturn isn't in the cards just yet.CNBC - 1d -
Dow falls almost 900 points as Trump declines to rule out possible recession
CNBC Senior Markets Correspondent Bob Pisani reports from the New York Stock Exchange on the market sell-off. NBC News Correspondents Kelly O’Donnell, Brian Cheung and Jay Gray discuss the fears ...NBC News - 1d -
Oil ends higher, a day after tariff-induced recession fears pulled prices to 6-month lows
Oil futures finished higher Tuesday, a day after ending at six-month lows as fears of a global economic slowdown from rising trade tensions prompted a global selloff for equities and other assets ...MarketWatch - 10h -
Trump 2nd term live updates: White House declines to rule out recession
Canadians who are in the United States for 30 days or longer will soon have to register their information with the United States government.ABC News - 8h -
US stocks drop, Dow closes down amid fresh tariffs on Canada, recession fears
The selloff on Tuesday extended losses suffered a day earlier.ABC News - 8h -
Asia-Pacific markets mostly rise despite tariff uncertainty and recession fears in the U.S.
Economists polled by Reuters expect India's inflation rate to slow to 3.98% in February from 5.68% in January.CNBC - 19m -
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance
The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.The New York Times - 5d -
Mar 10: CBS News 24/7, 1pm ET
President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast.CBS News - 1d -
3/10: CBS Evening News
U.S. stocks plunge after Trump's comments on potential recession sparks sell-off; Former MLB pitcher Art Schallock dies at 100CBS News - 1d -
Johnson, House GOP dismiss market turmoil in defending Trump tariff policies
House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.ABC News - 8h -
3/11: CBS Evening News
Commerce secretary says Trump's policies are "worth it" even if they lead to recession; It's been 5 years since WHO declared COVID pandemicCBS News - 2h -
Celebrations and protests in the US and around the world mark International Women’s Day
From Istanbul and Warsaw to New York and Los Angeles, activists demand equality and the end of gender-based violence. Women took to the streets of cities across Europe, Africa and elsewhere to mark ...The Guardian - 3d -
Violence Sweeps Coastal Syria, Sowing Chaos: ‘We Have to Get Out of Here’
Residents described shootings outside their homes and bodies in the streets in Syria’s worst unrest since Bashar al-Assad’s ouster. More than 1,000 people have been killed since Thursday, a war ...The New York Times - 2d -
'The White Lotus' Season 3, Episode 4 recap: Pick up the phone, some answers are calling
A few worrisome calls lead our characters to spiral and venture outside of the White Lotus resort, with one group on a boat and another on the streets, where they get shot — with water.Los Angeles Times - 2d -
How to Turn Cities Into Biketopias? Make it Harder to Drive There
In New York and other cities where congestion pricing policies, bike infrastructure projects, and car bans have been put in place, cyclists are finding the streets more welcoming.Wired - 1d -
The etiquette of digital debts among friends
A recent article in the Wall Street Journal looked at the "unspoken rules" of digital payment apps like Venmo and tried to decipher the proper etiquette for requesting money back from friends. The ...CBS News - 1d -
Tom Lee calls Monday’s stock-market tumble an overreaction. What to watch now.
Tom Lee, one of the more optimistic voices on Wall Street, says that the stock-market drop on Monday was an overreaction as he points to key events this week that could stabilize indexes.MarketWatch - 20h