Finance

The Federal Reserve’s rate decision on Wednesday is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. The real suspense is over how deep the reduction could be — and whether the Fed might signal a broader pivot that could set the course for the […]

The killing of Charlie Kirk is sparking debate about political violence in the U.S., as well as the kinds of professional repercussions employees who speak out about the conservative activist’s death — and other hot-button issues — might face.   A number of businesses and other organizations have shown employees the door this week because […]

Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal between the United States and China is finalized, sources with knowledge of the negotiations tell CBS News.  The precise structure of the final deal was unclear Monday night, but will include multiple […]

The emergence of renewable energy like wind and solar as a viable alternative to oil, gas and other fossil fuels has raised critical questions about which form of power offers the best value today — a debate made all the more urgent by the ravages of climate change. In the U.S., where energy policy has […]

More than 100,000 Paris Hilton mini fridges have been recalled over fire and burn hazard, the U.S. Consumer Product Safety Commission announced last week. The recall involved the “Paris Hilton Mini Beauty Fridge” in a 4-liter model in pink, white, aqua and hot pink, as well as a 10-liter model in pink and white. Consumers […]

The Federal Trade Commission has started an inquiry into several social media and artificial intelligence companies, including OpenAI and Meta, about the potential harms to children and teenagers who use their chatbots as companions. On Thursday, the FTC said it has sent letters to Google parent Alphabet, Facebook and Instagram parent Meta Platforms, Snap, Character […]

U.S. inflation ticked higher in August. Here’s what’s to know about the increase. – CBS News Watch CBS News The latest Consumer Price Index numbers show inflation is rising while jobless claims hit their highest level in nearly four years. CBS News MoneyWatch correspondent Kelly O’Grady explains what to know.

For much of 2025, the Trump administration’s wide-ranging tariffs defied forecasts that the import duties would drive up inflation. But that reprieve appears to be over, with economic data this week showing the tariffs are now pushing prices higher.  The Consumer Price Index in August rose at a rate of 2.9% from a year ago, accelerating […]

Consumer sentiment continued to slide in September, falling to its lowest point since May, as tariffs seep into product prices and Americans start to spend more cautiously.  The University of Michigan’s preliminary September sentiment index, released Friday, declined 4.8% to 55.4 from 58.2 in August.  “Consumers continue to note multiple vulnerabilities in the economy, with rising risks […]

If you filed a claim in Facebook’s $725 million privacy settlement, you could get a payment within weeks, according to the settlement’s administrator.  Millions of consumers who used Facebook over a 15-year period were eligible to file a claim back in 2023, with the settlement stemming from multiple lawsuits filed against the social media platform […]

The Trump administration asked a federal appeals court Thursday to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook, in time for a crucial meeting next week when Fed officials will decide whether to lower interest rates. Mr. Trump moved to fire Cook from the Federal Reserve’s powerful Board of […]

The Consumer Price Index rose 2.9% in August from a year earlier, matching economists’ forecasts that prices would pick up slightly as President Trump’s tariffs filtered through the economy. By the numbers The CPI was expected to rise 2.9% last month, according to economists polled by financial data firm FactSet.  The CPI, a basket of […]

The Department of Labor’s internal watchdog is launching a review of the Bureau of Labor Statistics’ (BLS) approach to collecting and reporting economic data. Laura Nicolosi, assistant inspector general for audit in the Labor’s Department’s Office of Inspector General, said in a September 10 letter to acting BLS commissioner William Wiatrowski that the watchdog will […]

Washington — The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs, setting up a major test of one of the pillars of the president’s economic agenda. The high court agreed to review lower court decisions that found Mr. Trump did not have the authority to issue many […]

Apple on Tuesday unveiled its latest generation of iPhones, AirPods and watch at the technology company’s launch event, held annually at its Cupertino, California, headquartetrs.  The iPhone 17 features a larger, 6.3-inch display and includes the new A19 chip to help power Apple’s AI features. The device’s front camera has also been upgraded to provide […]

Job seekers’ confidence in finding new employment has fallen, a new survey reveals. According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations, the average “perceived probability” of finding a new job after losing one fell 5.8% points to 44.9% among heads of households surveyed in August, the lowest measure on record since 2013 […]

The latest jobs report points to a labor market that’s faltering, but the slowdown may have begun much earlier. Economists expect the Bureau of Labor Statistics tomorrow to issue a major downward revision, showing the nation added hundreds of thousands fewer jobs than first reported. On Sept. 9, the BLS will release its preliminary benchmark revision […]

Wall Street took hits on the market after hiring slumped in August. The economy added 22,000 jobs, far below expectations, fueling fresh concerns about a slowdown. Nikole Killion has more details.

The Powerball jackpot swelled to nearly $1.8 billion before two lucky tickets hit the winning numbers on Saturday night, Sept. 6. Powerball says the bit winners bought their tickets in Texas and Missouri, but some states have a larger share of participants than others. Massachusetts leads the way in lottery spending, according to a LendingTree analysis of government data. Residents […]

California town hopes for Powerball luck after devastating wildfires – CBS News Watch CBS News Saturday’s Powerball jackpot soared to $1.8 billion, making it the second-largest jackpot in history. One town north of Los Angeles is looking for a little luck after a devastating year. Elise Preston has the story from Altadena.

Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday. The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and collect duties, or taxes, after the […]

Many economists say Friday’s disappointing jobs report is sending warning signals about the pace of hiring across the U.S. and the broader health of the economy.  Employers added only 22,000 nonfarm jobs in August, far short of Wall Street analyst forecasts of 80,000, while the nation’s unemployment rate rose to 4.3% — the highest level since […]

Employers across the U.S. added 22,000 jobs in August, falling short of economists’ muted expectations and signaling the labor market is facing sharp headwinds from mounting economic uncertainty amid the Trump administration’s wide-ranging tariffs.  The numbers Economists had forecast payroll gains of 80,000 last month, according to a poll by FactSet.  The unemployment rate rose […]

The Powerball jackpot climbed to an estimated $1.7 billion after no one hit the top prize in Wednesday night’s drawing — up from $1.4 billion following Monday’s draw. Saturday’s jackpot is the third-largest in U.S. lottery history, with an estimated cash value of $770.3 million. The record jackpot was $2.04 billion, won on Nov. 7, 2022, according […]

Frontier Airlines is offering its annual GoWild! unlimited travel pass for $299 for a short time before the price doubles to $599. The all-you-can-fly pass is available for the discounted price through Friday, the airline said Tuesday. It allows passengers to book unlimited flights — with some restrictions — for one penny plus taxes and […]

Heading toward fall, Americans are continuing to rate the U.S. economy negatively, as most pick “uncertain” and “struggling” to describe its current state. Ratings dipped again slightly over the last month. A third of Americans pick the descriptors “rebounding” or “expanding.” (Respondents could pick multiple words.) And more than twice as many said “unfair” as […]

The lights are off, the house is quiet and nothing seems to be running. But electricity is silently flowing through the plugs in your home. This hidden drain is known as phantom energy. Also called vampire energy, the wasted electricity comes from leaving devices plugged in when they’re not in use. That could range from […]

A federal judge on Tuesday ordered a shake-up of Google’s search engine in a crackdown aimed at curbing the corrosive power of an illegal monopoly while rebuffing the U.S. government’s attempt to break up the company and impose other restraints. The 226-page decision made by U.S. District Judge Amit Mehta in Washington, D.C., will likely […]

Starbucks is joining the protein craze with a new line of lattes and cold foams, part of what the company says is a strategy to modernize its menu. The Seattle-based coffee chain said Tuesday that starting Sept. 29 it will add protein cold foams and protein lattes to its menu. The cold foam, which customers […]

Swiss food giant Nestlé said Monday it dismissed its CEO, Laurent Freixe, due to an inappropriate relationship with a subordinate. The maker of Nescafé drinks and Purina pet food said in a statement that the dismissal was effective immediately. An investigation found the undisclosed romantic relationship with a direct subordinate violated Nestlé’s code of conduct. […]

President Trump has claimed the authority to bypass Congress and impose sweeping tariffs on foreign products, arguing the import duties are necessary to strengthen the U.S. economy. Now a federal appeals court has thrown a roadblock in his path. The U.S. Court of Appeals for the Federal Circuit ruled Friday that Mr. Trump went too far […]

Artificial intelligence has already become a disruptor in the labor market, as job postings declined over the past year by 6.7 percent, with entry-level positions especially hard-hit. But as David Pogue learns, not all industries are affected by the push for AI.

Artificial intelligence programs like ChatGPT use AI to do thinking or writing or creating for you. Pretty amazing, but also a little terrifying. What happens to the people who used to do those jobs? Olivia Fair graduated four years ago. “I’ve applied to probably over a hundred jobs in the past, I don’t know, six […]

Budget carrier Spirit Airlines said Friday that it has filed for bankruptcy protection only months after emerging from a Chapter 11 reorganization. The no-frills airline said it intends to conduct business as normal during the restructuring process, meaning passengers can continue to book trips and use their tickets, credits and loyalty points. The company said […]

LAS VEGAS — The top tourism official in Las Vegas says the city hasn’t priced out regular travelers, even as July visitor counts fell and casinos took in more from gamblers. Steve Hill, CEO of the Las Vegas Convention and Visitors Authority (LVCVA), said monthly figures can bounce around but argued the destination remains competitive […]

The end of the de minimis tax loophole on Friday means that low-cost shipments to the U.S. are no longer exempt from import duties, a potential hit to consumers ordering goods from abroad.  Under the prior tax break, parcels containing goods worth less than $800 were not subject to tariffs, making many products from overseas, such […]

Exemption that allowed cheaper online shipments to enter U.S. tax free has ended – CBS News Watch CBS News A Trump administration order took effect Friday that eliminates a rule that allowed cheaper online shipments to enter the U.S. tax free. CBS News MoneyWatch correspondent Kelly O’Grady reports on what this means for consumers.

The “Sunday Morning” contributor comments on the prevalence of very, very, very long cash register receipts.

Washington — Federal Reserve Governor Lisa Cook filed suit against President Trump, Chair Jerome Powell and the Fed’s Board of Governors on Thursday, asking a federal judge to block the president’s attempt to fire her from the central bank. Mr. Trump announced Cook’s termination from the Fed late Monday, citing allegations she had committed mortgage […]

Buying a new car has never been more financially daunting. A 2025 analysis from Edmunds found that a record 19.3% of consumers who financed a new vehicle in the second quarter of 2025 committed to a monthly payment of $1,000 or more. That’s nearly one in five buyers taking on what was once considered an […]

Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a serious blow to India’s overseas trade in its largest export market. President Donald Trump had initially announced a 25% tariff on Indian goods. But earlier this month he signed an executive order imposing an additional 25% tariff due to India’s purchases […]

President Trump’s move to fire Federal Reserve governor Lisa Cook could roil financial markets, raise uncertainty for investors and heighten concerns that the White House is trying to wrest control of the historically independent central bank, according to Wall Street analysts.  Mr. Trump announced her removal in a letter posted Monday night on Truth Social, citing allegations […]

In a sign of home sellers’ frustration over how long it’s taking to find a buyer, more owners are opting to pull their property off the market rather than lower the asking price.  That’s according to a recent report from Realtor.com finding that so-called delistings, or homes taken off the market without having been sold, were up […]

President Trump said Monday he has fired Lisa Cook from the Federal Reserve’s Board of Governors — a dramatic move after months of public attacks against the central bank. The president announced Cook’s removal from the Fed board in a letter posted to Truth Social that accused Cook of making false statements on mortgage documents, […]

Starbucks’ fall Pumpkin Spice Latte, or PSL, returns on Tuesday, Aug. 26. The Seattle coffee chain officially unveiled its new fall menu on Monday, which includes its Pumpkin Spice Latte and other autumn-inspired treats.  The arrival date for Starbucks’ fall menu has inched earlier over the years, now landing in August instead of mid-September, closer […]

As the American backyard has evolved, outdoor living spaces have become a booming business. David Pogue talks with House Beautiful editor-in-chief Joanna Saltz about the trends, and visits a home with Foxterra Design founder Justin Fox to see just how some people are taking interior design outside. [First aired 5/18/25.]

The Air Jordan sneaker turns 40 this year. Luke Burbank traces the origins of the iconic shoe back to NBA legend Michael Jordan’s first meeting with Nike, then a relatively small sneaker company in Oregon. [First aired 5/18/25.]

Tourism in Las Vegas is slumping this summer, costing the city billions. That could signal trouble ahead for the U.S. economy. Andres Gutierrez has new details.

Multiple postal services around Europe announced Saturday that they are suspending the shipment of many packages to the United States amid a lack of clarity over new import duties. Postal services in Germany, Denmark, Sweden and Italy said they will stop shipping most merchandise to the U.S. effective immediately. France and Austria will follow Monday, […]

President Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Mr. Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his […]

Cracker Barrel shed almost $100 million in market value after its stock plunged Thursday following the release of a new logo. The new design eliminates a longstanding drawing of an overall-clad man leaning against a barrel, in favor of a cleaner logo featuring just the chain’s name. Shares of Cracker Barrel fell $4.22, or 7.2%, […]

Newly unsealed and edited video shows TikTok employees and consultants expressing concern that potentially addictive features of the app could harm users’ mental health. The video compilation, which was shared with CBS News by the North Carolina Department of Justice, is part of the evidence in a 2024 lawsuit the state’s former attorney general filed […]

The U.S. will impose a 15% tariff on imports of European cars, pharmaceuticals and other products, according to a joint statement announced Thursday by the Trump administration and European Union. The pact also calls for the 27-member EU to eliminate tariffs on all American industrial exports and to offer preferred terms for some seafood and […]

Bed Bath & Beyond fans in California nostalgic for the in-store experience will have to make do with the company’s website after an executive said the retailer won’t open any stores in the Golden State. Marcus Lemonis, executive chairman of Bed Bath & Beyond, said in a statement on Wednesday that the business environment in California makes […]

The Trump administration is proposing a new rule that would bar people with outstanding college loans from relief on that debt if their employers were found to be “undermining national security and American values through illegal means.” The proposed rule, announced Monday by the Department of Education, would restrict people from participating in the federal Public Student […]

Walmart said it is recalling some frozen shrimp after the Food and Drug Administration warned that the seafood items, sold under the Great Value label, are at risk of radioactive contamination and shouldn’t be consumed. The frozen shrimp were imported from Indonesian company PT. Bahari Makmur Sejati and sold at Walmart stores as Great Value […]

Fewer young adults are achieving economic and family milestones typically associated with adulthood, according to a recent working paper from the U.S. Census Bureau.  The paper looked at nationally representative data from 2005 and 2023 to examine changes in young adults’ experiences reaching major life events, such as moving out of their parents’ house, getting married, and […]

NFL fans will soon be able to let their feet do the talking in cheering on their favorite team.  Shoe company Crocs and the NFL announced Monday that they were launching a new collection starting September 18, two weeks after the season kicks off with a game between the Dallas Cowboys and Philadelphia Eagles. The […]

Swiss watchmaker Swatch has apologized and removed an ad featuring a model pulling the corners of his eyes after the image prompted accusations of racism and calls for a boycott on Chinese social media. Internet users slammed the “slanted eye” gesture made by the Asian male model as racist. In a post on Instagram and […]

Air Canada is delaying its plans to resume services on Sunday after its 10,000 striking flight attendants defied the Canadian government’s return-to-work order to remain on the picket lines. The strike, which began on Saturday morning, stranded more than 100,000 travelers around the world during the peak summer travel season. The Canada Industrial Relations Board […]

You know them as Flo, the Progressive Insurance saleswoman; Mayhem, the human embodiment of disasters covered by Allstate; and the unstoppable dancer from the Jardiance diabetes drug ads. Correspondent David Pogue talks with actors Stephanie Courtney, Dean Winters and Deanna Colon about how becoming nationally famous via TV commercials has (or hasn’t) changed their lives. […]

Old shipping containers are plentiful in the U.S., and architect Brian Stark knows exactly what to do with them. He began by designing buildings out of old shipping containers, which are scattered across the streetscape of Phoenix. His projects are as much about cost-saving as they are about being environmentally friendly, with the long-term goal […]

Air Canada suspended all operations as more than 10,000 of the airline’s flight attendants went on strike early Saturday after a deadline to reach a deal passed. Canadian Union of Public Employees spokesman Hugh Pouliot confirmed the strike had started after no deal was reached, and the airline said shortly after that it would halt […]

Taylor Swift‘s upcoming album release and her love of all things orange isn’t lost on her fans — or brands that are seeking a ride on what has become an enormous economic tailwind. On Wednesday after Swift went on the “New Heights” podcast co-hosted by her boyfriend, NFL football star Travis Kelce, to announce the […]

Air Canada began canceling flights Thursday ahead of a possible strike by its flight attendants that could impact hundreds of thousands of travelers. A complete shutdown of the country’s largest airline threatens to impact about 130,000 people a day.   The airline said in a social media post that nearly 300 flight attendants, “twice as much as […]

To tip or not to tip: That is David Sedaris’ question To tip or not to tip: That is David Sedaris’ question 02:25 A sizable two-thirds of Americans said they felt expectations for tipping had grown over recent years. Tipping, in their minds, can do or show a few different things, and for many it […]

Popular sunscreen products that come in mousse form, such as Supergoop!’s body mousse, may not protect wearers from the sun’s harmful UV rays, the U.S. Food and Drug Administration is warning.  “Beware of sunscreen products in mousse form because they might not be effective,” the FDA said in a post on X after issuing five […]

New York Attorney General Letitia James filed a lawsuit Wednesday against Early Warning Services, or EWS, alleging the parent company of Zelle failed to implement certain safeguards, causing “catastrophic harm to millions of consumers” and allowing fraudsters to steal more than $1 billion from 2017 to 2023. EWS, which is co-owned by Bank of America, Capital One, […]

Louisville, Ky. — GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in Kentucky, Georgia, Alabama, Tennessee and South Carolina. The investment – the second-largest in the Louisville-based company’s history – is […]

Shares of Spirit Aviation Holdings, the parent company of Spirit Airlines, plunged Tuesday after warning about its ability to stay in business. Shares of Spirit Aviation Holdings tumbled $1.39, or 39%, to $2.15 in early afternoon trading.  The budget carrier had warned it has “substantial doubt” about its ability to continue as a going concern […]

Washington — President Trump announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday, after he fired the former commissioner earlier this month, blaming her for a weaker-than-expected jobs report.  Antoni is a fellow at the conservative Heritage Foundation think tank, and he holds a doctorate in economics from Northern […]

Why Trump is calling for Intel CEO to resign Why Trump is calling for Intel CEO’s immediate resignation 01:37 President Trump called on Intel CEO Lip-Bu Tan to resign on Thursday, prompting a slide in the technology company’s stock. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Mr. Trump posted on Truth […]

A new version of ChatGPT has arrived that OpenAI CEO Sam Altman promises will have Ph.D-level smarts. OpenAI on Thursday announced the release of GPT‑5, which it calls its “smartest, fastest and most useful model yet.”  The artificial intelligence company that brought the world ChatGPT says its latest version of the AI-powered chatbot will be […]

Washington — President Trump officially began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his months-long tariffs threats was beginning to create visible damage to the U.S. economy. The White House said that starting just after midnight EDT, goods from more than 60 countries and the European Union […]

CBS News Live CBS News Live 2 Live Washington — President Trump and Apple are expected to announce a new $100 billion commitment by Apple to boost manufacturing in the U.S. The president is set to make an announcement at the White House at 4 p.m. on Wednesday alongside Apple CEO Tim Cook, a White […]

President Trump on Tuesday claimed that major banks are discriminating against conservatives — including him — through the act of debanking, or when financial institutions refuse to work with some individuals or businesses or abruptly close clients’ accounts. Mr. Trump made the comment in an interview with CNBC on Tuesday, after he was asked about a […]

The housing market has been in a serious crunch since the COVID-19 pandemic, with limited inventory, elevated home prices and mortgages in the 7% range, continuing to keep many would-be home buyers locked out. But even amid such tight constraints, modest declines in home prices can still be found in some regions of the country.  That’s […]

The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another critical issue facing workers today: artificial intelligence.   For the first seven months of 2025, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released this […]

Americans could see inflation tick higher in 2025 as businesses start to pass on the cost of the Trump administration’s tariffs to consumers through price hikes, Beth Hammack, president and CEO of the Federal Reserve Bank of Cleveland, told CBS News’ Kelly O’Grady in an interview. So far this year, inflation has remained relatively muted […]

Boeing workers who build fighter jets are on strike, their union says. The walkout began at midnight Central Daylight Time. About 3,200 workers at Boeing facilities in St. Louis; St. Charles, Missouri; and Mascoutah, Illinois, voted to reject a modified four-year labor agreement with Boeing, the International Association of Machinists and Aerospace Workers said Sunday. […]

Latitude Margaritaville, a 55+ community, is inspired by the vibes of the late musician Jimmy Buffett. It’s just one of the 800 active adult communities in the U.S., where retirees are finding community, and more. Correspondent Martha Teichner reports from the Daytona Beach community where it’s always five o’clock. [Originally broadcast April 13, 2025.]

President Trump’s executive order hiking tariffs on U.S. imports could drive up consumer prices and prolong uncertainty for millions of businesses, trade experts said.  Materials issued by the White House on Thursday outline new tariff rates for dozens of countries, but details remain scant on how to implement the trade agreements, said Barry Appleton, co-director […]

Warren Buffett’s company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire said it earned $12.37 billion, or $8,601 per Class A share, […]

U.S. Trade Representative Jamieson Greer defended President Trump’s decision to fire a key official responsible for employment reports, telling CBS News on Friday that Mr. Trump has “real concerns” about the accuracy of federal economic data. Greer spoke to “Face the Nation with Margaret Brennan” hours after the monthly jobs report showed a hiring slowdown […]

Trial set for Florida Keys wrongful death lawsuit against Tesla Trial set for Florida Keys wrongful death lawsuit against Tesla 00:36 Tesla was found partly liable in a wrongful death case involving the electric vehicle company’s Autopilot system, with a jury awarding the plaintiffs $200 million in punitive damages plus additional money in compensatory damages. […]

President Trump on Thursday formally announced higher tariffs against more than 60 U.S. trading partners starting next week — just hours before the administration’s self-imposed midnight deadline.  The president signed an executive order listing out tariff rates for imports from dozens of countries, including a handful that have cut trade deals with the administration and […]

Washington — A federal appeals court on Thursday sharply probed President Trump’s use of an emergency powers law to impose sweeping tariffs on nearly every U.S. trading partner, as higher duties are set to snap into place Friday for countries that have not yet reached trade deals with the administration. The 11 judges on the U.S. […]

President Trump announced Wednesday he has struck a trade deal with South Korea. Mr. Trump wrote on Truth Social that South Korean goods will face a 15% tariff — lower than the 25% he threatened earlier this month — while U.S. imports to South Korea will not face tariffs. He said South Korea will be “OPEN TO TRADE” and […]

The Federal Reserve said Wednesday it’s keeping its benchmark interest rate unchanged, citing elevated uncertainty over the nation’s economic outlook. The decision to hold rates steady marks a continuation of the Fed’s “wait-and-see” strategy this year, as it monitors the impact of the Trump administration’s tariffs on consumer prices. But Wednesday’s policy statement also underscored that the […]

Indeed and Glassdoor, the job search and employee review firms, are slashing a total of roughly 1,300 jobs as their parent company, Japan’s Recruit Holdings, embraces artificial intelligence.  In an email to employees Thursday, Recruit Holdings CEO Hisayuki “Deko” Idekoba said that “AI is changing the world” and that the company must adapt accordingly. The […]

A previously disclosed hack affecting Tea, a women-only dating advice app, was more extensive than previously thought, the company said Monday.  Tea’s investigation of the incident found that app users’ direct messages had been breached, along with some of their photos.  “Out of an abundance of caution, we have taken the affected system offline,” Tea […]

President Trump announced Monday a significant tightening of his deadline for Russia’s Vladimir Putin to agree to a ceasefire with Ukraine. He said as he met with U.K. Prime Minister Keir Starmer during his visit to Scotland that the 50-day deadline he announced earlier this month would be reduced to less than two weeks, citing […]

PayPal said Monday it will allow businesses to accept payments in more than 100 types of cryptocurrencies, including bitcoin and ethereum. Called “Pay with Crypto,” the new service will allow consumers to use many types of cryptocurrencies to complete their purchases, as well as to use wallets such as Coinbase and MetaMask, the company said […]

President Trump said on Friday there is a “50/50 chance, maybe less than that” of his administration striking a trade deal with the European Union ahead of a looming deadline next week. Mr. Trump, who made the comments before he left for a four-day visit to Scotland, comes ahead of the White House’s Aug. 1 […]

President Trump announced Sunday that the United States and the European Union had reached a trade deal after high-stakes meetings in Scotland, just days shy of Friday’s White House deadline to enact tariffs. Mr. Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish […]

Parents rush to buy school supplies before tariff deadline – CBS News Watch CBS News The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more.

The new normal for U.S. tariffs on foreign goods starts at 15%. Even as President Trump seeks to forge new terms of trade with Japan, the European Union and other global economic partners, he is raising the floor for tariffs to their highest level in decades.  Speaking at an AI summit on Wednesday, Mr. Trump said “we’ll […]

The most downloaded free app on Apple’s App Store currently isn’t ChatGPT, Threads or Google. It’s Tea, a dating advice app that lets women review men they’ve gone out with, as well as warn other single women about dates they claim went awry. Tea Dating Advice, an app for helping women vet their dates, is […]

President Trump on Friday said he’s considering issuing rebate checks for Americans based on the billions in new tariff revenue collected by his administration.  “We’re thinking about a little rebate. But the big thing we want to do is pay down debt. But we’re thinking about a rebate,” Mr. Trump said in comments to reporters […]

The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS. “Americans no longer trust the legacy […]

Washington — President Trump is visiting the Federal Reserve headquarters in Washington Thursday, a week after indicating that Fed chair Jerome Powell’s handling of an extensive renovation project on two Fed buildings could be grounds for firing. Mr. Trump has criticized Powell for months because the Fed has kept the short-term interest rate the Fed […]

Stacy Esser, realtor and founder of the Stacy Esser Group in Tenafly, New Jersey, says it’s still a seller’s market, but believes a small shift that favors homebuyers is coming. “Maybe a house was taking one week to sell, and now we’re kind of hovering at three weeks,” Esser told CBS News. Part of the […]

Millions of people with student loans who are enrolled in a popular repayment plan are now in limbo, with the Department of Education saying it has temporarily paused forgiveness for borrowers in its income-based repayment plan, or IBR. Such plans offer a double benefit for borrowers by lowering a person’s monthly loan repayment to reflect […]

President Trump said Tuesday he has struck a “massive” trade deal with Japan that calls for 15% tariffs on goods the U.S. imports from there. The president wrote on his Truth Social platform Tuesday that, as part of the agreement, Japan will invest $550 billion in the U.S. “which will receive 90% of the Profits.” He also […]

White House expects more trade deals White House expects more trade deals as Aug. 1 deadline approaches 03:45 The U.S. and the Philippines have reached a trade deal, President Trump said Tuesday after his Oval Office meeting with Philippine President Ferdinand “Bongbong” Marcos, Jr. Mr. Trump announced the outlines of a deal on Truth Social, […]

Southwest announces when passengers can book assigned seating Southwest announces when passengers can book assigned seating 02:35 Southwest Airline’s open seating policy is coming in for its final approach.  The Texas-based carrier said Monday that flights with assigned seats will begin on Jan. 27, 2026, marking the end of an era in which the discount carrier […]

Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm.  Trump Media, which owns the Truth Social app, announced in May that it planned to raise $2.5 billion to buy bitcoin, with […]

Most of the 24 million people in Affordable Care Act health plans face a potential one-two punch next year — double-digit premium increases along with a sharp drop in the federal subsidies that most consumers depend on to buy the coverage, also known as Obamacare. Insurers want higher premiums to cover the usual culprits — […]

Trump signs GENIUS Act, first federal law regulating crypto – CBS News Watch CBS News President Trump held a signing ceremony at the White House on Friday after Congress passed the GENIUS Act, a landmark federal law that will regulate cryptocurrency. Specifically, the GENIUS Act will set government guidelines for the cryptocurrency known as stablecoin. […]

Trump says Coke agrees to switch formula back to cane sugar, like in Mexico – CBS News Watch CBS News Amid the crisis in the Middle East, the Epstein controversy and drama at the Federal Reserve, President Trump also pushed Coca-Cola into the political spotlight. The president wants its sweetener switched. Elise Preston has the […]

Kayem Foods recalling more than 24,000 pounds of chicken sausage Kayem Foods recalling more than 24,000 pounds of chicken sausage 00:29 Kayem Foods Inc. is recalling over 24,000 pounds of ready-to-eat chicken sausage products that may be contaminated with pieces of plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service said Thursday.  The […]

The technology company Astronomer said Friday that its board of directors has started a formal investigation after its CEO, Andy Byron, was shown embracing a woman on a screen during a Coldplay concert. “Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the […]

Washington — President Trump is set to sign a landmark bill to regulate cryptocurrency on Friday, one day after the bill passed the House despite some opposition from conservatives.  The legislation, called the GENIUS Act, will be the first major law governing digital currency, establishing a regulatory framework for the $250 billion stablecoin market. Stablecoins […]

President Trump asked about the idea of firing Federal Reserve Chair Jerome Powell in a meeting with lawmakers this week, CBS News has reported, a legally untested move that follows years of on-and-off criticism of the Fed leader leveled by Mr. Trump. The president’s gripes with his handpicked Fed chair — whom he has called […]

Older Americans are kicking the can down the road on retirement over concerns about the economy and their own financial readiness to step back from work. That’s according to a new survey from F&G Annuities & Life, which polled 2,000 U.S. adults over 50 years old. The life insurance and annuities company found that 23% […]

Reno, Nevada — In a field outside of Reno, Nevada, sit rows and rows of solar panels soaking up sunshine.  Beside them are used electric vehicle batteries under white plastic, whose job is to keep two data centers for Crusoe, an artificial intelligence cloud platform, running day and night.  “The whole AI industry is struggling […]

Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it.  Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers […]

So-called stablecoins could be a step closer to becoming a mainstream form of payment in the U.S. as the House of Representatives considers a bill regulating the digital currency.  The Genius Act, which passed in the Senate last month with broad bipartisan support, would create rules of the road for the $250 billion market for stablecoin, […]

A federal judge has blocked a rule issued by the Consumer Financial Protection Bureau in January that would have removed unpaid medical debt from the credit reports of about 15 million consumers.  The ruling, issued Friday by Judge Sean Jordan of the U.S. District Court of Texas’ Eastern District, orders that the rule be vacated […]

The Trump administration is imposing a 17% tariff on most fresh Mexican tomatoes, the federal government said Monday, ending a yearslong agreement with the U.S.’s southern neighbor over trade practices. The move comes amid a separate push by President Trump to increase tariffs on dozens of U.S. trading partners, including Mexico, which was told over […]

Starbucks makes layoffs, cuts drinks Starbucks to lay off 1,100 employees and cut drinks from its menu 01:53 Starbucks’ “secret” menu is no longer hidden from the public.  The coffee chain on Monday introduced previously hidden offerings for Starbucks rewards members in its mobile app. The menu allows customers with rewards accounts to access popular […]

While online dating apps makes searching for love more convenient, finding that special person is as difficult as ever. A cute photo and simple “hello” may not be enough to help you break through the noise, which is why many of those feeling stuck on what to say are turning to artificial intelligence for assistance.  […]

The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,” European Commission President Ursula von der Leyen told […]

What to know as home prices show signs of cooling off – CBS News Watch CBS News For years, the U.S. housing market has boomed, pricing many out of their financial comfort zone and the market. Now, home prices are showing signs of cooling off. CBS News New York’s Ali Bauman has details for buyers […]

President Trump on Saturday announced he is levying 30% tariffs against Mexico and the European Union. They are set to begin on Aug. 1. He announced the tariffs on two of the United States’ biggest trade partners in letters posted on this Truth Social account. In his letter to Mexican President Claudia Sheinbaum, Mr. Trump […]

A top Trump administration official accused Federal Reserve Chair Jerome Powell of leading an “ostentatious” office renovation project that may be “violating the law” on Thursday, a new broadside against the central bank chief as President Trump tangles with him over interest rates. “The President is extremely troubled by your management of the Federal Reserve […]

The millions of Americans with student loans, who have already experienced whiplash in federal policy since the pandemic, must again brace for change. The “big, beautiful bill” that President Trump signed into law on July 4 overhauls the federal student loan system by reducing the number of repayment plan options down to two from seven […]

President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.’s largest trading partners. The president announced the 35% tax in a letter to Canadian Prime Minister Mark Carney posted to Truth Social, citing Canada’s alleged “failure to stop the drugs from […]

The original Hermès Birkin bag once worn by late actor and singer Jane Birkin has been auctioned off in Paris for over $10 million, making it the most valuable handbag ever sold at auction, Sotheby’s said Thursday.  The bag sold for $10.1 million after more than 10 minutes of “heated bidding,” the auction house said […]

President Trump said Wednesday he would impose a 50% tariff on goods from Brazil next month, one of the steepest rates for any U.S. trading partner, citing the criminal prosecution of former Brazilian President Jair Bolsonaro, which Mr. Trump called an “international disgrace.” Mr. Trump has sent open letters to about 20 countries this week […]

McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches.  The world’s largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD’s outlets on July 10, along with a new, limited-time Spicy Egg McMuffin […]

The Transportation Security Administration’s shoe rule expired on Monday, relieving fliers of the requirement to remove their footwear while passing through security before boarding a plane.  Speaking at a press briefing on Tuesday at Washington, D.C.’s Reagan National Airport, Homeland Security Secretary Kristi Noem said that, starting Tuesday, all passengers traveling through domestic airports can keep […]

The American Federation of Teachers (AFT) on Tuesday announced the fall launch of the National Academy for AI Instruction, a $23 million endeavor funded by Anthropic, Microsoft and OpenAI, three main players in the generative AI revolution.  With the creation of the academy, leading artificial intelligence companies are stepping up their efforts to bring AI to […]

President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by Aug. 1, while also threatening to hit a dozen other nations with steep import duties by next month.  Mr. Trump initially posted two nearly identical letters, addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee […]

President Trump said on social media this weekend that he would start sending tariff increase letters to countries with which the U.S. does not reach satisfactory trade deals beginning at noon on Monday. Trade experts expect a number of foreign nations to receive notices that higher tariff rates will go into effect August 1. Mr. […]

July 4 celebrations may look different in some cities this year as they swap the crackle of fireworks for synchronized drone displays. Independence Day drone shows are planned for dozens of cities across the country, from Salt Lake City to Sarasota, Florida. The shows, produced by a variety of vendors, involve hundreds of illuminated drones […]

June jobs report was better than expected. Here’s what it means. – CBS News Watch CBS News The government released a better-than-expected jobs report for June, suggesting the economy is resilient for now, even with the uncertainty over tariffs. CBS News MoneyWatch correspondent Kelly O’Grady breaks down the numbers. Be the first to know Get […]

College grad unemployment surges as employers replace new hires with AI – CBS News Watch CBS News The unemployment rate for new college graduates has recently surged. Economists say businesses are now replacing entry-level jobs with artificial intelligence. Ali Bauman has the story. Be the first to know Get browser notifications for breaking news, live […]

President Trump’s promise to eliminate federal income tax on worker tips will become a reality Friday when he signs the massive budget package into law. After narrowly squeaking through the House on Thursday, the “big, beautiful bill” now heads to the president’s desk for his signature. As part of the legislation, workers who rely on tips for a […]

As Congress was approving President Trump’s “big, beautiful bill” on Thursday, the Social Security Administration touted the legislation by stating that it “eliminates federal income taxes on Social Security benefits for most beneficiaries.” That claim, which echoes previous promises by Mr. Trump to remove taxes on Social Security, may have come as welcome news for the millions […]

July 4th is here, with millions of Americans expected to gather at fireworks shows, barbecues and the beach for the nation’s annual Independence Day celebration.  Banks and post offices will be closed, but many grocery stores and retailers plan to remain open for anyone needing to do some last-minute shopping. Read on to see which […]

The Environmental Protection Agency has placed 139 employees on leave after they signed a letter criticizing the Trump administration’s environmental policies.  The letter, titled a “Declaration of Dissent,” accuses the Trump administration of undermining the EPA’s mission of protecting the environment by promoting “harmful deregulation” and showing”disregard for scientific expertise.”  The document, which was released […]

A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade.  The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called “Liberation […]

Merit Street Media, the multiplatform network owned by former daytime talk show host Dr. Phil McGraw, has filed for bankruptcy less than two years after its launch. The television and entertainment company filed the motion for Chapter 11 protection on Wednesday in the U.S. Bankruptcy Court in the Northern District of Texas. The filing comes […]

Layoffs across the U.S. this year have climbed to their highest level since the pandemic slammed the economy in 2020, new labor data shows. In the first half of 2025, companies announced 744,308 job cuts nationwide, the highest tally since the first six months of 2020, when employers cut nearly 1.6 million jobs in response […]

The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure.  The excise tax would have been imposed on wind and solar energy projects constructed […]

“Vote-a-rama” on Trump bill: What we know Everything we know about the Senate “vote-a-rama” on Trump’s “big, beautiful bill” 12:44 Tesla shares fell Tuesday as Tesla CEO Elon Musk and President Trump renewed their dispute over the massive Republican spending bill up for a final vote in the Senate. The electric vehicle company’s stock price […]

Elon Musk ramped up his criticism of the massive tax and domestic policy package working its way through the Senate on Monday, suggesting he could support primary challenges against Republicans who vote for the Trump-backed bill. “Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase […]

New Yorkers have a new logo in town as Luckin Coffee, a popular Chinese coffee chain, announces its debut in the United States. The Starbucks rival opened its first two stores in New York City on Monday, as the Xiamen-based coffee purveyor sets out to expand its market and garner favor with U.S. customers. The […]

Driving Force: Uber CEO Dara Khosrowshahi – CBS News Watch CBS News He’s the son of an immigrant family who fled Tehran and the Iranian revolution. He’s also the chief executive officer of Uber, who has worked to change the culture of the company he took over in 2017, helping make it a leading transportation […]

It’s rare to sit down with a CEO and the CEO’s mother. The proud mom is Lili Khosrowshahi; her son, Dara, is behind the wheel at Uber as its chief executive. “I actually say he works for Uber,” said Lili. “Sometimes I say he drives, he’s a driver.” They sat down with us to share […]

Famed investor Warren Buffett is donating $6 billion worth of his company’s stock to five foundations, bringing the total he has given to them since 2006 to roughly $60 billion, based on their value when received. Buffett said late Friday that the shares of Berkshire Hathaway will be delivered on Monday. Berkshire Hathaway owns Geico, […]

The S&P 500 reached a new record high, with investors buoyed by signs of easing global trade tensions.  The broad-based index rose 32 points, or 0.5%, to close at 6,173, surpassing its previous all-time high in February of 6,144. The S&P 500 has jumped roughly 24% since dropping sharply in the days after President Trump […]

Merriam, Kansas — Most will see just a furniture store when they visit My Home Contemporary Furniture in Merriam, Kansas, but for owner Henrik Svendsen, it’s the culmination of his life’s work. “I opened up four years ago,” Svendsen told CBS News. “I thought it would be the retirement for the kids.”  Svendsen is closing […]

Anna Wintour, the long-time global editorial director of Vogue, is taking a step back from her editorial duties at the fashion publication. She will continue to oversee Vogue globally in her post as the publication’s global editorial director, while Vogue U.S. will recruit a new head of editorial content to replace her as editor-in-chief. Wintour […]

Billionaire Amazon founder Jeff Bezos and former journalist Lauren Sánchez are getting married in Italy this weekend, and a star-studded list of celebrities was seen arriving in Venice for the first planned events on Thursday. While the ceremony itself is set for Saturday at an undisclosed location, movie stars, TV personalities and business titans were […]

Amazon founder Jeff Bezos and former journalist Lauren Sanchez are set to tie the knot in Italy this week, even as local frustrations mount over the multi-million dollar event.  Here’s what to know about the three-day wedding celebration, as well as the protests unfolding in the background. Where and when is the wedding? Bezos, 61, […]

Fortnite gamers who were charged for unwanted purchases while playing the online video game could receive a slice of the $126 million in refunds the Federal Trade Commission is sending out this week.  The regulatory agency is reopening the claims submission process for gamers who are eligible for a refund under a $245 million settlement […]

The National Highway Traffic Safety Administration is investigating Tesla after incidents involving the electric car maker’s robotaxis were caught on camera this weekend during a pilot in Austin, Texas. NHTSA, which operates under the Department of Transportation and regulates automobile safety, said it contacted Tesla after videos surfaced showing instances of the company’s self-driving taxi […]

Stocks look set to extend their gains Tuesday, with futures contracts climbing amid investor hopes that Israel and Iran would abide by a ceasefire announced by President Trump. As of 8:51 a.m. EDT, S&P 500 futures were up 42 points, or 0.7% while Dow Jones Industrial Average futures added 274 points, or 0.6%. Nasdaq Composite […]

Fed Chair on why rates stayed steady Fed Chair Jerome Powell explains why rates stayed steady, unlike in December 05:11 Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs.  Powell, who made his remarks in prepared testimony Tuesday before the […]

The U.S. military strikes in Iran are raising questions about the impact on supplies of oil and gas, including whether the widening conflict could result in higher energy prices for Americans.  The price of the West Texas Intermediate crude, the U.S. benchmark, jumped 4% on Sunday night shortly after the start of trading, but fell […]

UnitedHealthcare , Kaiser Permanente and other major U.S. health insurers say they want to make it faster and easier for patients to obtain care. Health Insurance Plans (AHIP), a trade association that represents the health insurance industry, announced Monday that some of its biggest members are taking steps to streamline “prior authorization” — industry jargon for […]

Meta is expanding its line of AI-powered eyewear through a new partnership with sportswear brand Oakley. The new smart glasses introduced Friday, called Oakley Meta HSTN, were built for performance wear and are intended for “athletes and fans alike” according to a Meta statement. The full lineup will arrive this summer, Meta says, with glasses starting […]

The Waldorf Astoria, a hotel that defined hospitality, is reborn – CBS News Watch CBS News For nearly a century, New York City’s Waldorf Astoria set the standard for luxury hotels. Now, after seven years, an army of artisans has brought the Art Deco beauty back to life. “CBS Mornings” co-host Gayle King takes a […]

How to save on groceries as prices climb How to shop smarter and spend less as grocery prices climb 03:49 Kroger said it plans to close 60 of its supermarkets across the U.S. over the next 18 months.  The planned store closures represent about 5% of the Cincinnati-based company’s 1,239 Kroger-branded grocery stores across 16 […]

After years of teasing a new line of self-driving vehicles, billionaire tech CEO Elon Musk is finally making good on his promise with the rollout of Tesla’s robotaxi service.  When is the robotaxi event? This Sunday, June 22, Tesla will give a select group of people the chance to ride in its Model Y Robotaxis […]

President Trump suggested Friday he may try to fire Federal Reserve Chair Jerome Powell, calling the central bank leader a “Total and Complete Moron” for leaving interest rates steady. The president has been lashing out against Powell for months, criticizing the central banker — whom Mr. Trump appointed in his first term — for not […]

Some airlines have continued to suspend flights between the United States and the Middle East amid the conflict between Israel and Iran.  United Airlines said it will pause its daily flights between New Jersey’s Newark Liberty International Airport and Dubai “due to conflict in the region.” The airline did not say when flights between the […]

Pavel Durov, the founder and CEO of Telegram, a messaging app, has fathered more than 100 children, all of whom will share in the inheritance of his multi-billion-dollar fortune, he told French magazine Le Point in a wide-ranging interview published Thursday. Durov, who told the magazine that he recently drafted his will, said that his […]

Juneteenth has arrived, with Americans now celebrating its fifth year as a federally recognized holiday. Given its relatively new status as a federal holiday, you may be wondering whether your local stores are operating as normal.  Also known as Freedom Day or Emancipation Day, Juneteenth is celebrated on June 19 to commemorate the day in […]

Los Angeles — Getting to work is work for Franchescoli Andrade, who rides his bike, hops on a train and then takes a bus every day. His 20-mile journey from South Los Angeles to the San Fernando Valley takes about 90 minutes each way.  “Half an hour just to get to downtown, to get to […]

The Federal Reserve Bank is expected to hold its benchmark rate steady at its meeting on Wednesday, maintaining the same cautious posture it has assumed throughout the first half of 2025. That’s according to the CME Group’s FedWatch Tool, which as of June 18, 2025, shows a likelihood of 99.9% that the Fed will keep […]

Washington — President Trump has once again delayed the enforcement of a bipartisan law that would effectively ban TikTok in the U.S. A deal to separate TikTok from its China-based parent company, ByteDance, has remained elusive.  White House Press Secretary Karoline Leavitt said Tuesday the president would sign the latest executive order this week delaying […]

Kraft Heinz will remove artificial dyes from its products sold in the U.S. by the end of 2027, the company announced Tuesday. The multinational food company also said it will stop making new products that contain these dyes, effective immediately. Kraft Heinz, the manufacturer of foods such as Jell-O, Capri Sun and Kool-Aid, said in […]

At Home, the home decor and furniture retailer with more than 200 locations in the United States, is filing for bankruptcy.  The popular retail chain announced Monday that it is entering Chapter 11 protection as part of a restructuring agreement intended to eliminate $2 billion in debt and provide $200 million in capital to aid […]

The Trump Organization announced it is starting a cellular phone service called T1 Mobile that will charge $47.45 a month and include unlimited calls, text and data. It said it also plans to roll out a new phone that will cost $499. The new service was designed to coincide with the 10-year anniversary of President […]

Walmart heiress Christy Walton’s advertisement in The New York Times over the weekend has led some consumers to threaten a boycott of the retailer.  The ad promoting a nationwide anti-Trump protest has prompted backlash against Walmart despite the company distancing itself from the full-page ad. “The advertisements from Christy Walton are in no way connected […]

What to know about Army anniversary parade What to know about Trump’s Army anniversary parade and “No Kings” protests 04:54 “No Kings” merchandise is cropping up for sale on Amazon, Temu and other online retailers ahead of the planned nationwide protests against the Trump administration on Saturday.  Hundreds of t-shirts, hats, signs and posters are […]

Ford CEO Jim Farley said that a rare earth minerals shortage is hurting production and caused the automaker to temporarily shut down one of its plants last month, according to an interview with Bloomberg TV.  Rare earth minerals, which are a set of 17 metallic elements, are integral to automobile production, and enable features like […]

President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible “golden share” held by the federal government — remain unclear.  The president signed an executive order that says Nippon can buy the iconic Pittsburgh-based steelmaker as long […]

Stocks closed lower on Friday and oil prices climbed after a military strike by Israel on Iran stirred investor fears about the risk of war breaking out in the Middle East.  The S&P 500 slid 68 points, or 1.1%, to end the day at 5,977, while the Dow Jones Industrial Average dropped 770 points, or […]

Trump-Musk public feud gets personal Trump-Musk public feud gets personal 03:36 Tesla on Friday announced it’s launching new versions of its Model S and Model X vehicles in the U.S., with new price tags to match.  The electric-vehicle maker said the upgraded cars, which it’s rolling out Friday, come with a number of enhancements, including […]

St. Petersburg, Florida — Brooklyn Karasack loves to thrift and sew. She thrifts in her hometown of St. Petersburg, Florida, and then uses her grandmother’s sewing machine to whip up her fantastical creations.  “This is probably $3 or something like that,” Karasack told CBS News, referring to an old pillowcase she turned into a tote […]

The Air India plane crash on Thursday is putting a renewed spotlight on Boeing, the manufacturer of the 787-8 Dreamliner aircraft that crashed in the western Indian city of Ahmedabad with 242 passengers and crew on board.  Boeing says the 787-8 is the aviation industry’s “best-selling passenger widebody of all time,” carrying more than one […]

Google’s collection of medical records sparks privacy concerns – CBS News Watch CBS News The apparent whistleblower who revealed Google is collecting medical records from about 50 million Americans said “Project Nightingale” raised red flags, including a security risk of “placing medical data in the digital cloud.” Google said it’s using the information to improve […]

London — President Trump declared on Wednesday morning that a U.S. trade “deal with China is done.” The U.S. leader offered a few key details of a “framework deal” reached between senior U.S. and Chinese trade representatives in London on Tuesday, but he acknowledged that both he and Chinese President Xi Jinping were both yet to […]

Sen. Pat Toomey says Trump trade war has potential to cause harm – CBS News Watch CBS News Sen. Pat Toomey, R-Pennsylvania, joins Margaret Brennan to discuss how President Trump’s trade policies are affecting his constituents and what he would like to see in a Supreme Court justice. Be the first to know Get browser […]

Missouri GOP Sen. Josh Hawley plans to introduce legislation Tuesday to raise the federal minimum wage to $15 per hour — a position that aligns one of the most conservative Republican lawmakers on Capitol Hill with some of the most liberal members of Congress. The legislation, called the “Higher Wages for American Workers Act,” would […]

The view from Marvin’s Windows – CBS News Watch CBS News Every product at the Marvin Window and Door Company is made to order, and so is their creed: they treat every employee as if they were friends and neighbors – because, in the tiny town of Warroad, Minnesota, they are. Conor Knighton visits Warroad […]

Warner Bros. Discovery announced the media giant will divide into two new publicly traded companies, with one consisting of its cable networks such as CNN and TNT Sports and the second consisting of its streaming and studios business, including HBO Max and Warner Bros. Television.  In a statement on Monday, the company said current Warner Bros. Discovery […]

White House National Economic Council director Kevin Hassett said Sunday the Trump administration is not targeting Medicare in its sweeping budget proposal, but signaled the administration would be open to changes if senators uncover fraud or abuse as they look at the bill. “If somebody finds waste, fraud and abuse in Medicare, then of course […]

Island-Hopping: The Galápagos Islands as tourist destination – CBS News Watch CBS News Expedition cruising is a rapidly-growing sector of the tourism industry that brings visitors to isolated, ecologically-pristine destinations. But it’s not just to gawk at rare wildlife; such trips also help raise awareness and funds to protect environmental vulnerable places like the Galápagos […]

Co-working: When the home office is away from home – CBS News Watch CBS News Freelancers, consultants and entrepreneurs no longer need to work out of their homes or garages. Instead, they can rent space at “co-working” firms, such as WeWork, that provide a place to plug in as well as all the perks of […]

Cashing in your mutilated money – CBS News Watch CBS News Do you have bills damaged by fire, water or termites, or that have been literally chewed up by Fido? There is an office at the U.S. Bureau of Engraving and Printing that will replace your damaged, burned or shredded bills. Rita Braver shares some […]

Basic universal income: Testing a weapon against economic insecurity – CBS News Watch CBS News Even if your job isn’t being replaced by a robot, there is plenty of economic insecurity today, with many people just one paycheck away from disaster. To fight economic hardship, the City of Stockton, Calif., is launching a pilot program […]

Reagan National Airport is warning that a military parade scheduled for June 14 in Washington, D.C., could disrupt commercial passengers’ travel plans.  The Federal Aviation Administration is expected to suspend airline operations at Ronald Reagan Washington National Airport (DCA) to accommodate military aircraft that will fly over the parade route and to allow for a fireworks show, […]

President Trump on Thursday suggested cutting off federal subsidies and contracts to Elon Musk’s companies, escalating a feud between the president and the world’s richest person.  “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Mr. Trump wrote on Truth Social.  Following […]

Alaska Airlines is canceling more than a dozen flights a day as tariffs hinder its ability to accept delivery of new aircraft, according to the carrier. The Seattle, Washington-based airline said it wouldn’t immediately accept delivery of two Embraer 175 regional jets in order to avoid incurring the extra tariff-related costs. The aircraft were meant to […]

Social media platform Reddit sued the artificial intelligence company Anthropic on Wednesday, alleging that it is illegally “scraping” the comments of millions of Reddit users to train its chatbot Claude. Reddit claims that Anthropic has used automated bots to access Reddit’s content despite being asked not to do so, and “intentionally trained on the personal […]