What Just Happened on Wall Street?

What Just Happened on Wall Street?

Up next

A Historic Settlement Over Social Media Addiction

Meta, the world’s biggest social media company, reached a multibillion-dollar legal settlement on Wednesday over claims that its technology was addictive to children. The company agreed to impose major changes to how minors use its products. Cecilia Kang, a technology reporter fo ...  Show more

The Stunning Rise of the Democratic Socialists of America

This summer, the Democratic Socialists of America have mounted their biggest and most successful attempt yet to redefine the Democratic Party. They have defeated its candidates in primary after primary from coast to coast. As its electoral success grows, the organization is confr ...  Show more

Recommended Episodes

Why Markets Crashed on Monday
The Latest

Within minutes of the U.S. stock market opening on Monday, the S&P 500 sunk so swiftly that it triggered a 15-minute pause in trading, a rare event meant to prevent stocks from crashing. We look at why this happened and what it means for the U.S. economy.“The Latest,” from the te ...  Show more

CBS Evening News with Norah O'Donnell, 08/05/24
CBS Evening News

The stock market began the week with a massive sell-off. Friday's downbeat jobs report and growing fears of recession sent all three main indexes tumbling with both the S&P 500 and the NASDAQ falling at least 3%. 

A Trump Slump? How to Navigate Choppy Markets
Big Take

It has been a wild few weeks in markets. By last week, the S&P 500 had wiped out all its gains since Election Day – $3.4 trillion in value. When Trump was asked about the possibility of a recession over the weekend, he said the US was in a “period of transition.” Then on Monday, ...  Show more

Instant Reaction: Will the Fed Cut Quicker After This Selloff?
Bloomberg Businessweek

Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager ...  Show more