Workers fired, placed on leave for Charlie Kirk comments after assassination
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 […]
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Trump delays TikTok ban enforcement again ahead of expected China deal
Washington — For a fourth time, President Trump has pushed back enforcing a bipartisan law that would effectively ban TikTok over the video-sharing app’s failure to cut ties with ByteDance, its China-based parent company. The president signed an executive order Tuesday extending the pause on enforcing the law until at least Dec. 16. The move comes […]
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Oracle could play key role in TikTok deal between Trump administration and China, sources say
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 […]
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Which form of energy is the cheapest? CBS News asked the experts to find out.
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 […]
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Paris Hilton mini fridges recalled due to fire and burn risk
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 […]
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FTC launches inquiry into AI chatbot companions and their effects on children
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 […]
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Payments for Facebook’s $725 million privacy settlement are starting. Here’s what to know.
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 […]
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U.S. inflation ticked higher in August. Here’s what’s to know about the increase.
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.
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U.S. consumer sentiment drops to lowest point since May
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 […]
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Tariff-fueled price hikes have arrived — and hitting these items first
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 […]
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Trump administration asks appeals court to let president fire Fed governor Lisa Cook before key meeting
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 […]
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CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher
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 […]
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U.S.-South Korea ties strained as 300 Koreans detained by ICE at Georgia Hyundai plant wait to fly home
More than 300 South Korean nationals detained by federal agents in a massive immigration raid last week on a Hyundai plant in Georgia for alleged visa violations were waiting Wednesday for a charter flight due to carry them back to their country. The South Korean workers were among some 475 people detained on Sept. 4 […]
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Novo Nordisk says it’s cutting 9,000 workers amid increased competition for its obesity drug Wegovy
Danish pharmaceutical company Novo Nordisk, maker of weight-loss drug Wegovy, said Wednesday it is cutting 9,000 jobs, or 11% of its workforce, amid increased competition for obesity medications. The company said it will cut about 5,000 jobs in Denmark, although it didn’t disclose where the remaining 4,000 reductions will be located. Novo Nordisk also makes […]
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Supreme Court takes up legal battle over Trump tariffs, setting stage for major showdown
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 […]
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Major jobs revision today could show the labor market is weaker than previously thought
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 to issue a major downward revision today, showing the nation added hundreds of thousands fewer jobs than first reported. On Sept. 9, the BLS will release its preliminary benchmark revision […]
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Americans’ confidence in finding a new job falls to record low
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 […]
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Powerball jackpot data shows where winners could take home the most, and least
Two winning Powerball tickets, sold in Texas and Missouri, will split the near-record jackpot of almost $1.8 billion awarded in Saturday night’s drawing. Saturday’s jackpot was the second-largest in U.S. lottery history — a final total of $1.787 billion, with a cash value of $820.6 million, or $410.3 million for each winning ticket holder, according to Powerball. The […]
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Lottery spending is growing. Residents shell out the most in these states.
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 […]
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California town hopes for Powerball luck after devastating wildfires
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.
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Postal traffic to U.S. fell 80% after Trump administration stopped exemption on low-value parcels
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 […]
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Employers added 22,000 jobs in August, falling short of forecasts, as labor market cools
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 […]
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The August jobs report has economists alarmed. Here are their 3 top takeaways.
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 edged up to 4.3% — the highest […]
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Trump hosts dinner with tech giants at the White House, but Elon Musk didn’t attend
Washington — President Trump hosted a dinner Thursday night at the White House with tech giants and other business and political leaders, but Tesla CEO Elon Musk was not be among those attending. More than a dozen tech titans were invited to the event, including Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill […]
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Feds scrap proposal to offer cash to airline passengers for flight disruptions
The Department of Transportation is dropping a proposed rule that would have required airlines to offer cash to passengers whose flights were disrupted. The rule, which never went into effect, would have required carriers to provide compensation “to mitigate passenger inconveniences” for cancellations or delays that were within a carrier’s control. Reuters was the first […]
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CBS News poll finds Americans describe “uncertain” economy as its ratings tick slightly back down
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 […]
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Amazon is ending Prime Invitee, a perk that allowed members to share free shipping
Amazon is ending a program that let Prime members share free shipping benefits with people outside their household. Instead, Amazon is encouraging users who don’t live with the account holder to pay for their own Prime subscription, offering them a one-year subscription for $14.99. Amazon last raised its Prime membership fee in 2022, when it […]
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Judge rules Google can keep Chrome, but must share some search engine data with rivals
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 […]
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Vogue taps Chloe Malle to succeed Anna Wintour as head of the U.S. fashion magazine
Vogue has named Chloe Malle to lead its U.S. editorial content, selecting the 39-year-old to succeed Anna Wintour, who has led the magazine for more than three decades. Malle, the daughter of actor Candice Bergen and the late French director Louis Malle, joined Vogue 14 years ago and currently serves as the editor of Vogue.com […]
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Nestlé dismisses CEO due to an inappropriate relationship with a subordinate
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. […]
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A federal appeals court ruled against Trump’s tariffs. Here’s what could happen next.
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 […]
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How is artificial intelligence affecting job searches?
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.
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How is artificial intelligence affecting job searches?
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 […]
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Buyer beware: End of de minimis exemption means higher prices for overseas goods, experts say
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 […]
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Visitors dropped for a 6th straight month in Las Vegas as head of tourism insists Sin City isn’t dead
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 […]
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Appeals court rules many of Trump’s tariffs are illegal
A federal appeals court said Friday that many of the sweeping tariffs imposed by President Trump on dozens of countries earlier this year are not legally permissible. The ruling will not immediately block the tariffs, but it marks a significant blow to Mr. Trump’s signature trade strategy. The U.S. Court of Appeals for the Federal […]
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Exemption that allowed cheaper online shipments to enter U.S. tax free has ended
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.
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Nancy Giles: Receipts have gotten too long
The “Sunday Morning” contributor comments on the prevalence of very, very, very long cash register receipts.
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Ford recalls 500,000 vehicles over potential brake fluid leak
Ford recalls 355,000 trucks due to technical glitch Ford recalls 355,000 trucks due to technical glitch 00:31 Ford is recalling 500,000 vehicles over an issue that can cause two different car models to leak brake fluid, according to the National Highway Traffic Safety Administration (NHTSA). A hose in the cars’ rear brake system can rupture […]
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5 costly mistakes to avoid before buying your next car, according to Edmunds
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 […]
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India braces for export shock as Trump’s 50% tariff on Indian goods takes effect
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 […]
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Trump’s move to fire Fed governor Lisa Cook could give him leverage over Fed board, analysts say
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 […]
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Whirlpool hopes Trump’s tariffs will give the American appliance maker competitive edge
Whirlpool, the century-old American appliance manufacturer known for its washers, dryers and other home appliances, says Trump’s tariffs could give it a leg up on competitors that rely heavily on imports. The American manufacturer of home, kitchen and laundry appliances says it makes 80% of its products in the U.S., where it operates 10 factories. […]
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Trump says he’s fired Federal Reserve board member Lisa Cook
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, […]
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Blue Bell ice cream containing nuts recalled over allergy risk posed by mislabeling
Blue Bell ice cream, sold at Walmart, Kroger and other retailers, is voluntarily recalling some of its products because it was mislabeled, posing an allergy risk to consumers. The company is recalling half-gallon cartons of its Moo-llennium Crunch ice cream, which was packaged in cartons misidentifying the flavor as Chocolate Chip Cookie Dough. Moo-llennium contains […]
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For some Starbucks workers, job leaves bitter taste
Liberte Locke, a 32-year-old “barista” at a Starbucks (SBUX) in New York City, is fed up. “Starbucks’ attitude is that there’s always someone else who can do the job,” she said in running through her complaints about life at the java giant. If that isn’t necessarily the consensus among Starbucks workers, interviews with nine current […]
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The Air Jordan turns 40
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.]
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Cracker Barrel loses almost $100 million in value as stock plunges after new logo release
Cracker Barrel shed almost $100 million in market value Thursday after its stock plunged 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%, […]
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Postal services in India, Europe to suspend shipment of packages to U.S. over import tariffs
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, […]
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Trump says U.S. government taking a 10% stake in tech giant Intel
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 […]
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Fed Chair Jerome Powell signals path to rate cuts in Jackson Hole speech
Federal Reserve Chair Jerome Powell on Friday highlighted twin economic risks of a slowing labor market and rising inflation, but opened the door to rate cuts in a widely anticipated speech at the annual Jackson Hole, Wyoming economic forum. “Risks to inflation are tilted to the upside, and risks to employment are to the downside […]
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TikTok employees raised concerns that app could be addictive, unsealed edited video shows
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 […]
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Energy prices could be election issue as voters see jump in utility bills
A July 11 post in a Hoboken, New Jersey, parenting group on Facebook pointed to a frustrating trend: “Our utility bill is more than double what it was last month. … Anything we can do about it?” The post had several dozen replies and most of the commenters said their home utility bills had also […]
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Trump calls on Federal Reserve Governor Lisa Cook to resign after she was accused of mortgage fraud
President Trump called on Federal Reserve Governor Lisa Cook to resign on Wednesday after one of his administration’s officials alleged she had engaged in mortgage fraud and urged an investigation. Bill Pulte, who Mr. Trump appointed as director of the U.S. Federal Housing Finance Agency in March, made the allegations on X, claiming Cook committed […]
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Trump administration could block student loan relief for some workers in public service
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 […]
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Walmart recalls Great Value shrimp after FDA warns of risk of radioactive contamination
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 […]
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Powerball jackpot grows to $643 million after no winners in Monday drawing
The Powerball lottery jackpot — the biggest of the year — is swelling after nobody won in Monday night’s drawing. The jackpot is now $643 million, with the next drawing set for Wednesday night. Although no one took home the full prize, two Powerball players won $1 million each, according to Powerball. A single Powerball […]
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NFL, Crocs kicking off a multi-year licensing deal starting this season
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 […]
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MSNBC to change its name to MS NOW and drop the peacock logo
MSNBC is changing its name to MS NOW and dropping its peacock logo as part of the cable channel’s spinoff from Comcast’s NBC Universal. The new name stands for My Source News Opinion World, according to the company. MSNBC and several other cable channels owned by NBC Universal are spinning off into a new business […]
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Air Canada delays plans to resume operations after flight attendants refuse to end strike
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 […]
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Becoming a TV commercial icon
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. […]
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A Phoenix startup is turning shipping containers into shelters. Here’s why.
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 […]
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Air Canada suspends all operations as flight attendants go on strike after no deal reached
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 […]
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Taylor Swift’s love of the color orange sets social media branding ablaze
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 […]
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AT&T customers could get up to $7,500 in a $177 million settlement. Here’s how to file a claim.
Millions of AT&T customers can now file claims in a $177 million legal settlement related to two data breaches, which could provide up to $7,500 in compensation per person. The first data breach, announced in March 2024, affected 73 million current and former AT&T account holders whose information — including birth dates and Social Security numbers — […]
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Air Canada begins canceling flights ahead of possible strike by its flight attendants
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 […]
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McDonald’s and Wendy’s report breakfast sales are down. Here’s what that says about the economy.
The most important meal of the day is also shaping up to be the most skipped meal of the day, at least according to two of the country’s largest fast-food chains. McDonald’s and Wendy’s last week, during their respective earnings calls, said they’re seeing sluggish breakfast sales. The companies attributed the trend to heightened economic […]
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Supergoop! and other mousse sunscreen products may not work, FDA warns
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 […]
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GE Appliances moving more output from China and some from Mexico to U.S. as part of $3 billion investment
Louisville, Kentucky — 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 expected […]
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Spirit shares plunge after airline sounds alarm on its ability to stay in business
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 […]
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CBS News price tracker shows how much food, gas, utility and housing costs are rising
Prices may still rise despite tariff reversal Despite tariff reversal, some prices could still increase. Here’s why. 01:53 As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. How fast are prices rising? […]
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Trump picks E.J. Antoni as new Bureau of Labor Statistics head after firing old commissioner amid weak jobs report
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 […]
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Paramount acquires UFC rights in 7-year deal with TKO Group
Paramount will become the new home to all Ultimate Fighting Championship events in the U.S. under a seven-year agreement with TKO Group announced on Monday. Under the deal, Paramount will exclusively distribute the UFC’s full slate of its 13 marquee numbered events and 30 “Fight Nights” on its streaming platform Paramount+ — with select numbered […]
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The crypto craze sweeping Washington and Wall Street
While many Americans are still baffled by cryptocurrency, enthusiasm for these digital assets is rising in Washington and on Wall Street. Correspondent Jo Ling Kent explains all things crypto, including the potential risks of integrating digital currencies with the mainstream economy. She’ll also introduce us to the bitcoin entrepreneur who may have helped convince a […]
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The crypto craze sweeping Washington and Wall Street
Earlier this year, more than 35,000 bitcoin enthusiasts descended on Las Vegas for Bitcoin 2025 – the largest-ever gathering of its kind, attracting an eclectic mix of high rollers … and true believers. “Your goal should be to own at least one bitcoin, because by the time you retire, that can be worth 20, 30 […]
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Bed Bath & Beyond returns with new store in Nashville
Bed Bath & Beyond, which shut all its stores more than two years ago after filing for bankruptcy, is back. The company, rebranded as Bed Bath & Beyond Home, opened a brick-and-mortar store in Nashville, Tennessee, on Friday.
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Bed Bath & Beyond is back with a slightly different name and a promise to honor legacy coupons
Bed Bath & Beyond is making a comeback under a slightly different name, more than two years after filing for bankruptcy. The first Bed Bath & Beyond Home store will open in Nashville on Friday, a new version of the former big box retail store known for selling home furnishings, appliances and more, at mid-range […]
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Trump administration threatens to take Harvard’s patents
The federal government told Harvard University on Friday it could take control of the school’s patents stemming from federally funded research — the latest in a months-long feud between the Trump administration and the Ivy League college. Commerce Secretary Howard Lutnick is launching an “immediate comprehensive review” of whether Harvard has complied with federal laws […]
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Breaking down new rule that could bring crypto to your retirement plan
Breaking down new rule that could bring crypto to your retirement plan – CBS News Watch CBS News A new executive order opens the door for companies to add cryptocurrencies to retirement plans. CBS News business analyst Jill Schlesinger weighs the risks and potential rewards.
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With new tariffs in effect, economists see profit dips and price hikes up ahead
President Trump’s sweeping tariffs, which went into effect on Thursday, are likely to have a negative effect on companies’ bottom lines and cause consumer prices to rise, trade experts say. With the new duties on imports from dozens of U.S. trade partners now in place, Mr. Trump’s foreign trade policy is expected to lead to even […]
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Trump says CEO of Intel must resign, calling him “highly conflicted”
President Trump called on Intel CEO Lip-Bu Tan to resign on Thursday, prompting the technology company’s stock to slip before the opening bell. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social, without providing additional details. “There is no other solution to this problem. Thank you for your […]
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Trump, Apple announce new $100 billion commitment to manufacturing in U.S.
Washington — President Trump and Apple announced a new $100 billion commitment by Apple to boost manufacturing in the U.S. “Today, Apple is announcing it will invest $600 billion…in the U.S. over the next four years,” Mr. Trump said Wednesday afternoon. “That’s $100 billion more than they were originally going to invest. And this is […]
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Hulu and Disney+ will be combined into one app, Disney says
Walt Disney Co. is integrating Hulu and Disney+ into one app, the entertainment company announced Wednesday. During an earnings call, CEO Bob Iger said Disney would combine the two streaming services to create a “unified app experience” that will feature entertainment, news and sports. “This will create an impressive package of entertainment, pairing the highest […]
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Home prices are dropping in some regions of the U.S. Here’s where.
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 […]
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AI is leading to thousands of job losses, report finds
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 […]
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How unusual are jobs numbers revisions? According to experts, they’re a common feature.
The Bureau of Labor Statistics last week issued a steep downward revision to May and June’s hiring numbers, prompting President Trump to call the edits “miscalculations” by the department’s commissioner, whom he subsequently fired, in a social media post on Aug. 1. While the downward revision of May and June payroll growth by 258,000 marked the largest two-month downward […]
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As Trump announces new tariffs, here’s a price tracker for cars, groceries and more supplies
Key takeaways from Trump tariff announcement Biggest takeaways from Trump’s tariff announcement 09:56 CBS News is tracking the rising cost of products, including those most likely to be impacted by tariffs imposed earlier this year and new ones announced by President Trump on August 1, from the cost of common grocery items to the price of […]
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Tariff rates are “pretty much set,” U.S. trade representative Jamieson Greer says
Jamieson Greer, the U.S. trade representative, said in an interview that aired Sunday that tariff rates are “pretty much set” on more than 60 trading partners after President Trump’s executive order last week. “So these, these tariff rates are pretty much set,” Greer said in an interview Friday with “Face the Nation with Margaret Brennan. […]
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The father of the 401(k)
In 1981, Ted Benna created the first 401(k) plan, which allowed corporations to contribute, tax-free, to workers’ retirement accounts. That allowed companies to get out of the pension business, but gave employees more responsibility over their retirement funds. “Sunday Morning” contributor Kelefa Sanneh talks with Benna about how an obscure tax-code provision led to our […]
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Profits at Warren Buffett’s Berkshire Hathaway drop as it writes down its Kraft Heinz investment
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, […]
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Trump fires Bureau of Labor Statistics commissioner after disappointing job numbers
President Trump ordered his administration to fire the commissioner of labor statistics, Erika McEntarfer, after the July jobs report showed a sharp slowdown in hiring and a steep downward revision to May and June’s hiring numbers. “No one can be that wrong? We need accurate Jobs Numbers. I have directed my Team to fire this […]
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Trade adviser says Trump has “real concerns” about jobs data after president fires labor statistics chief
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 […]
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Employers added 73,000 jobs in July, falling short of forecasts
Poll: Most Americans expect price hikes soon Most Americans expect prices to increase in coming months, CBS News poll finds 02:42 Employers across the U.S. added 73,000 jobs in July, a slowdown from previous months and a sign the labor market is downshifting. The numbers Hiring was weaker than expected by economists, who had forecast payroll […]
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Trump unveils new tariffs on dozens of countries ahead of tonight’s midnight deadline
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 […]
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Trump’s tariffs poised for major test before federal appeals court today
Washington — A federal appeals court is set to convene Thursday to consider President Trump’s use of an emergency powers law to impose sweeping tariffs on nearly every U.S. trading partner. The U.S. Court of Appeals for the Federal Circuit will hear arguments in the Trump administration’s appeal of a ruling from a trade-focused lower […]
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Trump announces tariff deal with South Korea — U.S.’s 6th-biggest trading partner
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 […]
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GDP surged in the second quarter after sliding earlier this year
Investors await key economic data Investors await new key economic data, interest rate decision 03:36 The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump’s trade policies. By the numbers The country’s GDP increased at an […]
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Indeed and Glassdoor to lay off 1,300 workers as AI shakes up job search business
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 […]
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Stellantis warns of $1.7 billion earnings hit from tariffs
Stellantis, the maker of more than a dozen automotive brands, on Tuesday said that President Trump’s tariffs will cost the auto manufacturer 1.5 billion euros, or about $1.7 billion, in 2025. The parent company of brands like Chrysler, Fiat, Jeep and Peugeot announced the projected earnings hit as Mr. Trump clinches deals with U.S. trade […]
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Did the U.S. or the EU emerge as the winner in Trump trade deal?
The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc’s economic growth, according to some experts. “It is an asymmetric and unbalanced deal,” economists with investment bank Société Générale said in a […]
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Trump meets U.K. leader Starmer as he celebrates striking trade deal with EU
President Trump is meeting on Monday with U.K. Prime Minister Keir Starmer during the U.S. leader’s visit to Scotland. While ostensibly a private trip, marked by multiple rounds of golf on his own luxury courses, Mr. Trump has also done some business — including nailing down a long-sought-after U.S.-European Union trade agreement. After meeting for […]
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Trump says U.S. has reached trade deal with European Union as Aug. 1 deadline loomed
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 […]
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Trump says he’s considering rebate checks for Americans based on tariff revenue
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 […]
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Parents rush to buy school supplies before tariff deadline
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.
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Tariffs likely to drive up U.S. prices even with Trump trade deals, experts say
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 […]
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Forget ChatGPT. Tea is the most downloaded app on Apple’s App Store.
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 […]
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Man awarded $12,500 after Google Street View camera captured him naked in his yard in Argentina
An Argentine captured naked in his yard by a Google Street View camera has been awarded compensation by a court after his bare behind was splashed over the internet for all to see. The policeman had sought payment from the internet giant for harm to his dignity, arguing he was behind a 6 1/2-foot wall […]
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FCC approves Paramount-Skydance merger – CBS News
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 […]
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U.S. and EU scramble to strike a trade deal ahead of Aug. 1 deadline
The Trump administration and the European Union are racing to clinch a trade deal by the White House’s self-imposed Aug. 1 deadline, with economists warning that a sharp hike in tariffs could raise costs for consumers and businesses. As the clock ticks down, a series of pacts with other U.S. trading partners in recent days have […]
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What the latest downturn in the housing market means for buyers
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 […]
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Economist discusses latest trade deals
Economist discusses latest trade deals – CBS News Watch CBS News Kyle Handley, an economist and adjunct scholar at the Cato Institute, joins CBS News to discuss the latest on tariffs and trade deals. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
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Trump announces trade deals with the Philippines and Indonesia, setting 19% tariff rate
Washington — President Trump announced a trade deal with the Philippines after meeting with the country’s president at the White House on Tuesday, an announcement he followed with details of another trade agreement with Indonesia later in the day. Mr. Trump announced the Philippines tariffs agreement after a trade-focused Oval Office meeting with Philippine President […]
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Labor Department looking to lighten workplace regulation with sweeping rules changes and repeals
The U.S. Department of Labor is aiming to rewrite or repeal more than 60 “obsolete” workplace regulations, ranging from minimum wage requirements for home health care workers and people with disabilities to standards governing exposure to harmful substances. If approved, the wide-ranging changes unveiled this month also would affect working conditions at constructions sites and […]
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Southwest announces when passengers can book assigned seats
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 […]
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Millions could face higher ACA premiums, lower subsidies: “There will be sticker shock”
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 — […]
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Trump signs GENIUS Act, first federal law regulating crypto
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. […]
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Kayem Foods recalls over 24,000 pounds of chicken sausage products
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 […]
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Trump says Coke agrees to switch formula back to cane sugar, like in Mexico
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 […]
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Trump signs landmark GENIUS Act, hailing “exciting new frontier” for crypto
Washington — President Trump signed a landmark bill to regulate cryptocurrency on Friday, hailing the “exciting new frontier” for the technology one day after the bill passed the House. The legislation, called the GENIUS Act, is the first major law governing digital currency, and establishes a regulatory framework for the $250 billion stablecoin market. Stablecoins […]
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Astronomer board investigating CEO Andy Byron after Coldplay kiss-cam video
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 […]
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Hollywood auction of “Indiana Jones” whip draws $575,000 after “Citizen Kane” Rosebud sled gets near-record $14.75 million
Beverly Hills, Calif. — A whip wielded by Harrison Ford in “Indiana Jones and the Last Crusade” that once belonged to Princess Diana has sold at auction for $525,000. Thursday’s sale came a day after the Rosebud sled from “Citizen Kane” went for a staggering $14.75 million, making it one of the priciest props in […]
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Trump threatens countries that do business with Russia with 100% tariffs. Here’s who it could impact.
More than a dozen countries from Asia to the Middle East and South America are potentially in President Trump’s crosshairs if he goes ahead with his threat to impose 100% tariffs on goods exported to the United States over their economic ties with Russia. “We’re going to be doing very severe tariffs if we don’t […]
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Trump administration imposes 17% tariff on fresh Mexican tomatoes
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 […]
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Stock markets react to Trump’s latest tariff threats against EU and Mexico
European markets mostly fell Monday as investors digested President Trump’s latest trade war salvos, which saw him threaten to hit the European Union and Mexico with 30% tariffs starting on August 1. Mr. Trump’s threat came after a series of announcements last week that included warnings of a possible 50% levy on all copper imports […]
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Unlucky in love? AI dating apps promise to help you up your game.
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. […]
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Hartford Bakery, Inc. voluntarily recalls hundreds of loaves of artisanal bread sold in 12 states
Hartford Bakery, Inc. is voluntarily recalling hundreds of loaves of its “Lewis Bake Shop Artisan Style 1/2 Loaf” since the product may contain undeclared hazelnuts, the company said in an announcement shared by the Food and Drug Administration. “People with a nut allergy or severe sensitivity to hazelnuts run the risk of serious or life-threatening […]
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What to know as home prices show signs of cooling off
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 […]
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Trump announces 30% tariffs against Mexico, EU to begin on Aug. 1
President Trump on Saturday announced he is levying 30% tariffs against Mexico and the European Union. They are set to begin on August 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 […]
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Trump official criticizes Fed chief Jerome Powell for “ostentatious” office renovations, as Trump takes aim over interest rates
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 […]
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Are you a student loan borrower? Here’s how the “big, beautiful bill” could affect you.
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 and capping […]
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Trump threatens 35% tariffs against Canada
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 […]
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Ferrero to buy WK Kellogg in $3.1 billion deal
The Ferrero Group said Thursday it will buy WK Kellogg Co. in a deal valued $3.1 billion, expanding the Italian food giant’s global reach. Kellogg, which was founded in Battle Creek, Michigan, in 1906, is known for brands including Corn Flakes, Froot Loops, Rice Krispies and Special K. Ferrero’s brands include Nutella and Rocher chocolates. […]
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Trump’s 50% copper tariff could raise the cost of appliances, EVs and other goods, experts warn
President Trump’s move to impose a 50% tariff on U.S. copper imports targets a vital metal that is widely used in many products and industries. That could lead to higher prices for everything from appliances and electronics to cars and home repairs, economists and industry experts said. Mr. Trump announced the copper duties late Wednesday […]
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Beef prices in the U.S. are searingly high. Here’s why.
Soaring U.S. beef prices are hitting consumers in the wallet and raising costs for restaurants. “Anybody should be able to afford a burger,” said Andrew Schnipper, a managing partner at Hamburger America in New York City. “It’s never been an expensive item historically.” Yet the restaurant may be forced to raise the price of its […]
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Can I keep my shoes on at airports? Here’s what to know about TSA rule change.
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 […]
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Meta’s Instagram showed paid ads promoting escort services and sex work, CBS News investigation finds
Meta has removed paid advertisements for channels on the Telegram messaging app that promoted escort and sex work services in the U.S. and other countries from its Instagram platform. CBS News found multiple paid advertisements on Meta’s Instagram stories feature that promoted opportunities to meet women alongside URL links that led to the Telegram platform. Several such ads […]
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Trump threatens more than a dozen countries with new tariffs by Aug. 1
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 […]
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U.S. to apply increased pressure on trade deals, warns higher tariffs could roll out Aug. 1
The White House is set to put pressure on the U.S.’s trading partners this week to sign new tariff deals, with the hope that they will be finalized before a Wednesday deadline. The Trump administration is expected to send dozens of letters to countries that have not made a trade deal, warning them that higher […]
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Kevin Hassett says ahead of tariff deadline, “rough outlines of the deals are becoming clear”
Washington — White House National Economic Council director Kevin Hassett said Sunday that “rough outlines of the deals are becoming clear” ahead of a key tariff deadline this week, with agreements like the U.K. and Vietnam deals serving as “guidelines for what might happen” with other countries. “There’s going to be quite a bit of […]
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What’s open and closed on July 4, 2025? See which stores and other businesses are operating today.
July Fourth 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 […]
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College grad unemployment surges as employers replace new hires with AI
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 […]
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“Big, beautiful bill” gives tipped workers a new tax break. Here’s what to know.
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 […]
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Does the “big, beautiful bill” eliminate taxes on Social Security?
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 […]
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June jobs report was better than expected. Here’s what it means.
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 […]
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EPA puts 139 employees on leave after they publicly criticized Trump’s environmental policies
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 […]
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Employers added 147,000 jobs in June as U.S. labor market continues to defy expectations
Employers across the U.S. added 147,000 jobs in June, with the labor market remaining resilient despite slowing economic growth this year. The number is just above the average monthly gain of 146,000 over the last year, according to the Labor Department. The numbers Job growth was stronger than expected in June. Payroll gains sailed past the 115,000 predicted […]
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Dr. Phil’s Merit Street Media company files for bankruptcy less than 2 years after launch
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 […]
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Business owner used 1.8 million credit card points to handle tariff costs
Small businesses facing higher import costs because of steeper U.S. tariffs are having to find different ways of handling the added expense. Facing hefty tariffs on parts shipped from China, one small business owner took the hit by redeeming over 1.8 million reward points on his American Express card. Robert Keeley, owner of Keeley Electronics, […]
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Senate removes excise tax on renewable energy industry from Trump domestic policy bill
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 […]
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Why GE Appliances says it’s ready to bring 800 jobs back to the U.S.
GE Appliances executive Lee Lagomarcino said U.S. trade policy was the driving factor in the company’s recent decision to accelerate a plan to move overseas jobs back to the U.S. “Any time we decide to move a factory or redesign a platform, it’s an expensive endeavor, so we have to think through the strategy and […]
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Musk suggests he might support primary challenges against Republicans who support Trump’s “big, beautiful bill”
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 […]
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Canada-U.S. trade talks resuming after Canada kills plan to tax U.S. tech firms, Carney says. Trump had railed against it.
Toronto — Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms. President Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and […]
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Uber CEO Dara Khosrowshahi on being behind the wheel
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 […]
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Chrysler recalling more than 250,000 Voyager and Pacifica vehicles to repair potential airbag problem
Chrysler is voluntarily recalling some of its 2022-2025 Pacifica and Voyager vehicles to replace their side curtain airbags, if needed. The recall potentially affects 250,651 vehicles, and it’s because some side curtain airbags may not hold enough pressure during deployment to limit the risk for passengers during certain types of crashes, according to the National […]
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Investor Warren Buffett announces $6 billion in donations to 5 foundations
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, […]
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S&P 500 closes at record high, marking a sharp snapback after stocks plunged in April
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 […]
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Kansas furniture store owner on being forced to shutter due to tariffs: “We decided to liquidate everything”
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 […]
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U.S., China agree on framework for trade deal, both nations say
The U.S. and China have agreed on the framework for a trade deal, both nations say. President Trump said at a White House event Thursday that Washington and Beijing had signed an agreement on trade, adding that he expects to have a deal with India soon. But Beijing and the White House later referred to […]
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Jeff Bezos and Lauren Sánchez’s wedding draws celebrity crowd to Venice. See the photos.
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 […]
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GOP budget bill could transfer wealth from young Americans to older generations, study finds
The Republican budget package aims to make President Donald Trump’s tax cuts permanent while offering a host of new financial breaks. Yet the “big, beautiful bill,” as the legislation is dubbed, could also effectively transfer wealth from younger generations to older Americans over their lifetimes, a recent study finds. Long-term, the primary beneficiaries of the GOP bill […]
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Fortnite players set for $126 million refund this week. Here’s how to get the money.
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 […]
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Starbucks is changing how it charges for matcha and syrups. Here’s what to know.
First-ever Starbucks Global Barista champion crowned First-ever Starbucks Global Barista champion crowned 00:49 Starbucks said Tuesday that the coffee chain is changing how it charges for beverage add-ins like matcha and syrups as it moves to standardize pricing across the company’s stores. Starbucks will now charge 80 cents for any combination of syrup or […]
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Stock futures rise as investors bet that Iran-Israel truce will stick
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 […]
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Trump administration plans to yank “roadless rule” that impedes logging on 59 million acres of national forests
The Trump administration plans to rescind a nearly quarter-century-old rule that blocked logging on national forest lands, Agriculture Secretary Brooke Rollins announced Monday. The “roadless rule” adopted in the last days of Bill Clinton’s presidency in 2001 long has chafed Republican lawmakers, especially in the West where national forests sprawl across vast, mountainous terrain and […]
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What does the widening military conflict in Iran mean for oil prices? Here’s what the experts say.
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 […]
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U.S. home sale prices reach a record of almost $400,000, but buyers may see some relief
The median home sale price in the U.S. just touched a record high, but new data shows that buyers are nevertheless paying below asking price. The median sale price hit a record $396,500 for the four weeks ending June 15, or a 1% increase from a year earlier, according to a Friday report from Redfin. But […]
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The Waldorf Astoria, a hotel that defined hospitality, is reborn
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 […]
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Meta introduces Oakley AI smart glasses that start at $399
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 […]
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Kroger says it will close 60 stores across the U.S. over the next 18 months
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 […]
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Trump says “maybe” he’ll try to fire Fed chief Jerome Powell
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 […]
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Tesla’s robotaxi service is set to debut in Austin, Texas, on Sunday. Here’s what to know.
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 […]
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United, American suspend some flights from U.S. to Middle East amid Israel-Iran conflict
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 […]
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Telegram founder and billionaire Pavel Durov plans to leave fortune to his 100-plus children
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 […]
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What’s open and closed on Juneteenth 2025? Find out if banks, supermarkets and other stores are operating.
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 […]
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Federal Reserve holds its benchmark interest rate steady at today’s FOMC meeting
The Federal Reserve said Wednesday it is holding its benchmark interest rate steady, marking a continuation of its “wait-and-see” approach as it assesses the impact of the Trump administration’s economic policies. The central bank also expects inflation to worsen in the coming months, but it still foresees two interest rate cuts by the end of […]
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The Fed is set to make its next rate decision today. Here’s what to expect.
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 […]
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Trump to sign order extending TikTok deadline another 90 days, White House says
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 […]
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This is the best-run city in the U.S., a new analysis says. See where your city ranks.
There’s a whole list of factors that go into keeping a city running smoothly, not least of which is local leadership. In times of turmoil — whether it’s a natural disaster, economic crisis or public health issue — Americans turn to their community leaders for answers. But what exactly sets certain places apart? A new […]
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At Home files for bankruptcy and will close 26 stores. Here are the locations.
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 […]
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The AI revolution is likely to drive up your electricity bill. Here’s why.
New Jersey residents got some bad news earlier this year when the state’s public utilities board warned that their electricity bills could surge up to 20% starting on June 1. A key driver in that rate hike: data centers. The spread of these large-scale computing facilities across the U.S. amid growing demand for artificial intelligence, […]
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Walmart heiress’ ad promoting “No kings” protest sparks backlash against retailer
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 […]
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“No Kings” day merch for sale on Amazon, Temu and other e-commerce sites
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 […]
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Ford CEO says rare earths shortage forced it to shut factory
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 […]
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Trump clears U.S. Steel sale to Nippon Steel, but details of merger still unclear
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 […]
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Dow sinks over 750 points after Israel’s attack on Iran
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 […]
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The price you pay for an Obamacare plan could surge next year
Miami — Josefina Muralles works a part-time overnight shift as a receptionist at a Miami Beach condominium so that during the day she can care for her three kids, her aging mother, and her brother, who is paralyzed. She helps her mother feed, bathe, and give medicine to her adult brother, Rodrigo Muralles, who has epilepsy […]
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FTC issues warning for internet-connected smart toys
FTC issues warning for internet-connected smart toys – CBS News Watch CBS News A new government warning highlights the risks of internet-connected smart toys including speakers, robots and educational toys. The Federal Trade Commission says these devices can expose your children’s personal information. Wired editor-in-chief Nicholas Thompson joins “CBS This Morning” to discuss what to […]
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How Starbucks’s open-bathroom policy may be taking a toll on its business
How Starbucks’s open-bathroom policy may be taking a toll on its business – CBS News Watch CBS News The chain opened its bathrooms to everyone last year, but it may be putting itself at a disadvantage to rivals, a study says. Be the first to know Get browser notifications for breaking news, live events, and […]
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Thousands of Chicago teachers go on strike
Thousands of Chicago teachers go on strike – CBS News Watch CBS News In Chicago, teachers walked off the job in a massive strike. But the city is warning their demands are too costly. Meg Oliver reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now […]
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Trump administration and China agree on “framework” to ease trade war disputes
Senior U.S. and Chinese negotiators have agreed on a “framework” to move forward on trade talks after a series of disputes had threatened to derail them, representatives from both sides said. The disputes — over visas, minerals and microchips — had shaken a fragile truce reached in Geneva last month to ease some of the […]
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McDonald’s shares slip after downgrade spurred by weight-loss drug popularity
McDonald’s shares dropped Tuesday as weight-loss drugs threaten to take a big bite out of the fast food chain’s earnings. Shares were down by as much as 1.7% Tuesday, after equity analysis firm Redburn Atlantic downgraded the burger giant’s stock rating two notches, from buy to sell. Changes in Americans’ eating habits spurred by the […]
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Conservative Sen. Josh Hawley wants to raise federal minimum wage
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 […]
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Apple unveils iOS 26 with Liquid Glass interface at its Worldwide Developers Conference
Apple kicked off its annual Worldwide Developers Conference on Monday with an array of announcements on new features coming this fall via iOS 26, its latest operating system upgrade. Leading the pack is a new user interface enhancement called Liquid Glass. CEO Tim Cook and other Apple executives used words like “beautiful,” “gorgeous” and “delightful” […]
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It’s a living: Earning patronage on Patreon
In 2013, musician Jack Conte made a music video called “Pedals.” He spent seven weeks and $10,000 building the set: “I remember the blood, sweat and tears, the months of pain, and hours and hours, and days and days of creation,” he laughed. The video quickly racked up a million views on YouTube. Pedals Music […]
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Kevin Hassett says if Senate finds Medicare abuse, then “we would look at it” in Trump bill
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 […]
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Cashing in your mutilated money
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 […]
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Basic universal income: Testing a weapon against economic insecurity
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 […]
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Tariffs are causing Alaska Airlines to cancel flights. Here’s why.
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 […]
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American Express CEO Ken Chenault
American Express CEO Ken Chenault – CBS News Watch CBS News Stepping down after 37 years at American Express, CEO Ken Chenault was one of just four African-Americans running a Fortune 500 company. A rock star to the green card faithful, Chenault was a preternaturally calm leader during turbulent times for the financial services firm, […]
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2025 Pride celebrations go ahead despite corporate exodus. But organizers say it won’t be easy.
The architects of Pride celebrations across the United States met six-figure challenges this year, owing to a corporate exodus in the spring that diminished their sponsorship funds, which they said would jeopardize future programming. Organizers are contending with serious budget shortfalls as Pride Month begins, and several reported 20% to 30% less corporate support than […]
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