Category: Finance
The U.S. labor market added 911,000 fewer jobs than earlier reported, BLS says
The U.S. labor market added 911,000 fewer jobs in the 12-month period that ended March 2025 than had earlier been reported, the Bureau of Labor […]
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 […]
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 […]
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 […]
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 […]
Powerball jackpot data shows where winners could take home the most, and least
The Powerball jackpot climbed to an estimated $1.8 billion for Saturday night’s drawing and winning jackpot tickets were sold in Texas and Missouri. Saturday’s jackpot […]
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 […]
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 […]
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. […]
450 detained in raid by ICE, other agencies at huge Hyundai site in Georgia, officials say
Savannah, Ga. — U.S. immigration authorities on Thursday raided the sprawling site where Hyundai manufactures electric vehicles in southeast Georgia, conducting a search that shut […]
Google ordered to pay $425.7 million in damages for improperly tracking smartphone activity
A federal jury has ordered Google to pay $425.7 million for improperly snooping on people’s smartphones during a nearly decade-long period of intrusions. The verdict […]
The government’s next jobs report lands Friday. Here’s what to look for.
When President Trump last month fired the head of the federal bureau that produces the government’s monthly jobs report after the numbers pointed to a […]
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 […]
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 […]
Disney to pay $10 million to settle FTC lawsuit over collecting kids’ data
Disney will pay $10 million to settle allegations by the Federal Trade Commission that the entertainment company facilitated the “unlawful collection” of children’s personal data. […]
Federal data reveals 1.2 million drop in immigrant workers under Trump
As millions of Americans gather Monday to celebrate Labor Day, federal data shows how President Trump’s immigration policies are reshaping the U.S. workforce. The number […]
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 […]
What’s open and closed on Labor Day 2025? See what stores, banks and other businesses are operating today.
Millions of Americans will be enjoying their down time on Labor Day as another summer season comes to a close. If you need to make […]
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 […]
Microsoft fires 4 employees after protest, break-in at president’s office
Microsoft on Thursday fired two additional employees after firing two others a day prior, following a break-in at the office of its vice chair and […]
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 […]
Spirit Airlines declares bankruptcy for second time in less than a year
Budget carrier Spirit Airlines said Friday that it has filed for bankruptcy protection only months after emerging from a Chapter 11 reorganization. The no-frills airline […]
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 […]
“De minimis” U.S. tariffs exemption for low-value imports ends
An exemption that allowed low-value parcels shipped to the United States to avoid tariffs ended at 12:01 a.m. Friday, Trump administration officials said. President Trump […]
Burned out at work? An expert offers advice on how to reduce stress.
How to find work-life balance How to avoid burnout and find work-life balance 04:09 The social upheaval caused by the pandemic sparked a national conversation […]
New study sheds light on what kinds of workers are losing jobs to AI
Artificial intelligence is replacing entry-level workers whose jobs can be performed by generative AI tools like ChatGPT, a rigorous new study finds. Early-career employees […]
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 […]
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 […]
Stocks hold steady a day after Trump says he removed Lisa Cook from post
U.S. financial markets were steady Tuesday after President Trump said he had removed Lisa Cook from the Federal Reserve’s Board of Governors, an unprecedented move […]
Elon Musk accuses Apple and OpenAI of stifling AI competition in antitrust lawsuit
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to […]
Cracker Barrel refreshed its logo and paid the price. Here’s what brand experts say went wrong.
When Cracker Barrel unveiled its new logo last week as part of an ongoing brand refresh, it wouldn’t have expected the marketing move to spark […]
Fed Chair Jerome Powell is worried about the job market. Here are 3 red flags for workers.
When Federal Reserve Chair Jerome Powell on Friday opened the door to cutting interest rates for the first time in nearly a year, he noted the tremors […]
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 […]
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 […]
Postal services in India, Europe. U.K. 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 […]
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 […]
Canada to remove retaliatory tariffs on many U.S. goods
Canada will remove retaliatory tariffs on many U.S. products that are covered under the U.S.-Mexico-Canada Agreement, or USMCA, Prime Minister Mark Carney said at a […]
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 […]
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 […]
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 […]
4 reasons why the Trump tariffs haven’t caused U.S. inflation to soar
Despite a barrage of new tariffs imposed by the Trump administration this year on dozens of U.S. trade partners, the prices of goods and services […]
S&P holds U.S. credit rating steady, saying tariff revenue will offset weaker finances
S&P Global Ratings reaffirmed its AA+ credit rating for the U.S., saying that new revenue raised by the Trump administration’s tariffs will help offset the […]
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, […]
Air Canada, flight attendants resume talks as days-old strike continues
Toronto — Air Canada and the union representing 10,000 flight attendants resumed talks late Monday for the first time since a strike by the flight […]
Labor Day 2025 is around the corner. Here’s what to know.
Labor Day is almost here, bringing with it one last chance for many Americans to soak up what’s left of summer. Observed on the first […]
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 […]
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 […]
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 […]
Air Canada suspends all operations as flight attendants go on strike, government forces arbitration
Air Canada and its striking flight attendants were forced back to work and into arbitration Saturday by Canada’s government after an early morning strike stranded more […]
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 […]
School lunch costs are rising alongside food inflation, a new report shows
Depending on the items you choose, your child’s lunch sandwich could cost more this school year than it did in 2024. That’s according to a […]
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 […]
PPI report shows biggest surge in three years. Here’s what that says about inflation.
The producer price index, or PPI, surged last month, far outpacing economists’ forecasts and suggesting that President Trump’s tariffs are starting to significantly drive up […]
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. […]
Amazon expands same-day grocery delivery to 1,000 cities
Amazon is expanding its same-day grocery delivery service to 1,000 cities and towns across the U.S., the company said Wednesday. It’s also introducing thousands of […]
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 […]
Trump’s BLS nominee E.J. Antoni suggests suspending monthly jobs report
President Trump’s nominee to lead the Bureau of Labor Statistics is suggesting that the agency suspend its monthly jobs report, an economic staple that is relied […]
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 […]
Ford says it’s investing $5 billion in EV production, with a new model to start at $30,000
Ford is investing $5 billion to change the way it makes electric vehicles, a move the automaker says will allow it to manufacture models starting […]
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 […]
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 […]
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 […]
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 […]
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 […]
Boar’s Head plans to reopen Virginia deli meat plant shuttered by health inspectors
The Boar’s Head deli meat plant at the heart of last year’s deadly food poisoning outbreak is set to reopen in the coming months, company […]
Trump says CEO of Intel must resign, calling him “highly conflicted”
Why Trump is calling for Intel CEO to resign Why Trump is calling for Intel CEO’s immediate resignation 01:37 President Trump called on Intel CEO […]
Florida residents could see a $10 billion utility rate hike. Here’s what to know.
Florida’s biggest utility company is proposing a nearly $10 billion rate hike for electricity over the next four years, which environmental advocates say would represent […]
Higher U.S. tariffs officially in effect on dozens of nations
Washington — President Trump officially began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his months-long tariffs threats […]
Hulu and Disney+ will be combined into one app starting next year, 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 […]
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, […]
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 […]
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. […]
European Union delays retaliatory tariffs for 6 months after reaching deal with the U.S.
White House holds firm on tariff rates White House holds firm on tariff rates ahead on Aug. 7 deadline 03:59 The European Union announced Monday […]
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 […]
Not exactly wasting away in this Margaritaville
Latitude Margaritaville, a 55+ community, is inspired by the vibes of the late musician Jimmy Buffett. It’s just one of the 800 active adult communities […]
Higher U.S. tariffs will extend uncertainty for businesses, experts say. Here’s why.
President Trump’s executive order hiking tariffs on U.S. imports could drive up consumer prices and prolong uncertainty for millions of businesses, trade experts said. Materials […]
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 […]
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. […]
Tesla ordered to pay $200 million in punitive damages over fatal 2019 car crash
Trial set for Florida Keys wrongful death lawsuit against Tesla Trial set for Florida Keys wrongful death lawsuit against Tesla 00:36 Tesla was found partly […]
Trump unveils higher tariffs on dozens of countries
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 […]
Student loan interest for millions resumes on Aug. 1. The average monthly payment could rise $300.
Millions of people with student loans who had signed up for a Biden-era repayment plan will start seeing interest accrue to their accounts starting on […]
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% […]
Trump suspends de minimis exemption for low-value imports
President Trump on Wednesday signed an executive order suspending what’s known as a de minimis exemption allowing low-value parcels that are shipped to the United […]
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, […]
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 […]
Trump says he’s shortening deadline for Putin to reach Russia-Ukraine ceasefire to just 10 or 12 days
President Trump announced Monday a significant tightening of his deadline for Russia’s Vladimir Putin to agree to a ceasefire with Ukraine. He said as he […]
PayPal says it will allow businesses to accept payments in over 100 cryptocurrencies
PayPal said Monday it will allow businesses to accept payments in more than 100 types of cryptocurrencies, including bitcoin and ethereum. Called “Pay with Crypto,” […]
Education Department releasing billions in remaining withheld grant money for schools
Washington — The Trump administration is releasing billions of dollars in grants to schools for adult literacy, English language instruction and other programs, the Education […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Trump to visit Federal Reserve, keeping heat on chair Jerome Powell
Washington — President Trump is visiting the Federal Reserve headquarters in Washington Thursday, a week after indicating that Fed chair Jerome Powell’s handling of an […]
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 […]
White House unveils U.S. strategic plan on AI. Here’s what it includes.
The Trump administration on Wednesday unveiled an AI Action Plan aimed at maintaining U.S. dominance in the artificial intelligence race. The initiative is part of an […]
Trump says he’s struck “massive” trade deal with Japan calling for 15% tariffs
President Trump said Tuesday he has struck a “massive” trade deal with Japan that calls for 15% tariffs on goods the U.S. imports from there. […]
Trump says U.S., Philippines have trade deal after “beautiful visit” with Philippine president
White House expects more trade deals White House expects more trade deals as Aug. 1 deadline approaches 03:45 The U.S. and the Philippines have reached […]
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 […]
Trump Media buys $2 billion in bitcoin as it pursues crypto treasury strategy
Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities […]
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 […]
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 […]
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 […]
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 […]
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 […]
Peacock raising its subscription rates by $3 starting next week
Peacock will soon be charging consumers more to admire its plumage. The Comcast-owned streaming service is hiking its subscription rates by $3 starting next week, […]
Why is Trump unhappy with Fed Chair Jerome Powell, and what does the Federal Reserve do?
President Trump asked about the idea of firing Federal Reserve Chair Jerome Powell in a meeting with lawmakers this week, CBS News has reported, a […]
House expected to vote on historic crypto bill, the GENIUS Act, after right-wing rebellion
Washington — The House is expected to vote Thursday on a landmark piece of legislation to regulate cryptocurrency after its fate appeared in limbo when […]
How used EV batteries could help fuel the AI boom
Reno, Nevada — In a field outside of Reno, Nevada, sit rows and rows of solar panels soaking up sunshine. Beside them are used electric […]
Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell
Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in […]
Stablecoins could get a big boost in Congress. Here’s what to know about the digital currency.
So-called stablecoins could be a step closer to becoming a mainstream form of payment in the U.S. as the House of Representatives considers a bill […]
How do you stop an AI model from turning Nazi? What the Grok drama reveals about AI training.
Aaron J. Snoswell is a senior research fellow in AI Accountability at Queensland University of Technology. Grok, the artificial intelligence (AI) chatbot embedded in X […]
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 […]
Starbucks reveals “secret” menu in coffee chain’s app. Here’s what you’ll find.
Starbucks makes layoffs, cuts drinks Starbucks to lay off 1,100 employees and cut drinks from its menu 01:53 Starbucks’ “secret” menu is no longer hidden […]
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” […]
European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal
The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it […]
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, […]
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 Aug. 1. He […]
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 […]
Are you a student loan borrower? Here’s how the One Big Beautiful Bill Act 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, […]
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 […]
Jane Birkin’s original Hermès bag sells for over $10 million at Sotheby’s auction in Paris
The original Hermès Birkin bag once worn by late actor and singer Jane Birkin has been auctioned off in Paris for over $10 million, making […]
Trump threatens Brazil with massive 50% tariff, citing “Witch Hunt” against ex-president Bolsonaro
President Trump said Wednesday he would impose a 50% tariff on goods from Brazil next month, one of the steepest rates for any U.S. trading […]
Snack Wraps and Spicy McMuffins. How McDonald’s is refreshing its menu to lure back customers
McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world’s largest […]
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. […]
Teachers union partners with Anthropic, Microsoft and OpenAI to launch AI-training academy
The American Federation of Teachers (AFT) on Tuesday announced the fall launch of the National Academy for AI Instruction, a $23 million endeavor funded by […]
U.S. tariffs on European goods threaten consumers on both sides of the Atlantic
The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move […]
Trump says he’ll start sending letters to countries about their tariffs at noon on Monday
President Trump said on social media this weekend that he would start sending tariff increase letters to countries with which the U.S. does not reach […]
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 […]
July 4th drone shows will light up skies in dozens of cities this year
July 4 celebrations may look different in some cities this year as they swap the crackle of fireworks for synchronized drone displays. Independence Day drone […]
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 […]
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 […]
“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 […]
What’s open and closed on July 4, 2025? See which stores and other businesses are operating today.
July 4th is here, with millions of Americans expected to gather at fireworks shows, barbecues and the beach for the nation’s annual Independence Day celebration. […]
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 […]
Tariffs could surge on July 9 with 90-day pause set to end. Here’s what experts think could happen.
A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of […]
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 […]
Layoffs reach highest level since 2020, new data shows. Here’s why companies are cutting jobs.
Layoffs across the U.S. this year have climbed to their highest level since the pandemic slammed the economy in 2020, new labor data shows. In […]
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 […]
Tesla stock price sinks as Musk and Trump feud over spending bill
“Vote-a-rama” on Trump bill: What we know Everything we know about the Senate “vote-a-rama” on Trump’s “big, beautiful bill” 12:44 Tesla shares fell Tuesday as […]
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 […]
China coffee giant Luckin opens its first U.S. stores in New York City
New Yorkers have a new logo in town as Luckin Coffee, a popular Chinese coffee chain, announces its debut in the United States. The Starbucks […]
Driving Force: Uber CEO Dara Khosrowshahi
Driving Force: Uber CEO Dara Khosrowshahi – CBS News Watch CBS News He’s the son of an immigrant family who fled Tehran and the Iranian […]
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 […]
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 […]
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 […]
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, […]
PCE report today shows U.S. inflation ticked higher in May as consumers pared spending
The personal consumption expenditures price index, or PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve’s 2% annual […]
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 […]
Too sick to work, some Americans worry Trump’s bill will strip their health insurance
Stephanie Ivory counts on Medicaid to get treated for gastrointestinal conditions and a bulging disc that makes standing or sitting for long periods painful. Her […]
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 […]
Bumble to lay off 30% of workforce as dating company moves to slash costs
Bumble will lay off roughly 30% of its workforce, or 240 employees, according to a regulatory filing filed by the online dating company on Wednesday. The […]
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 […]
Fed Chair Jerome Powell holds firm on interest rates, resisting pressure to cut
Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs. […]
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 […]
Compass sues Zillow over its “Zillow ban,” alleging antitrust breach
Real estate giant Compass is suing Zillow, alleging that the online property website is violating antitrust laws with a new rule that bans home listings […]
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 […]
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 […]
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 […]
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 […]
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 […]
Aflac says hackers may have stolen customers’ claims info, including Social Security numbers
Aflac on Friday said hackers have gained access to its customers personal information in a cybersecurity attack last week. The company, which provides millions of […]
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 […]
Trump’s deportation efforts could impact these industries and states that rely on undocumented workers
The Trump administration resumed more aggressive workplace immigration enforcement earlier this week after briefly pausing arrests at farms, hotels and restaurants last week. “The message is clear […]
These interior paint colors could boost your home’s sale price by $2,600, Zillow says
Home sellers hoping to get the highest price for their listings should pay particular attention to room paint colors, among other aesthetic considerations that can […]
U.S. Steel and Nippon Steel partnership is finalized, companies say
U.S. Steel and Nippon Steel announced Wednesday that they have finalized their long-awaited partnership. Under the announced agreement, U.S. Steel will retain its name and […]
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 […]
U.S. Steel-Nippon deal includes “golden share” giving Trump power to approve big corporate changes
President Trump’s executive order on Friday clearing the way for Japan-based Nippon Steel to potentially buy U.S. Steel comes with an unusual corporate twist called a “golden […]
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 […]
France closes Israeli firms’ Paris Air Show stalls, citing ban on “offensive weapons” displays amid Gaza war
Le Bourget, France — Geopolitical tensions roiled the opening of the Paris Air Show on Monday as French authorities sealed off Israeli weapons industry booths amid […]
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 […]
“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 […]
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 […]
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 — […]
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 […]
Google, OpenAI, Spotify and other platforms experience outage, affecting tens of thousands of users
Amazon Web Services, Google, OpenAI and Spotify were down on Thursday after a widespread technology outage. A large number of platforms appear to have been […]
An upgrade for U.S. airports
An upgrade for U.S. airports – CBS News Watch CBS News Travelers aren’t complaining about layovers at Singapore’s Changi Airport (consistently ranked the best in […]
Meta files lawsuit against maker of “nudify” app technology
Meta said Thursday that it’s suing an app maker that uses artificial intelligence to simulate nude images of real people who appear clothed in pictures. […]
Billions in federal taxes are never collected
Billions in federal taxes are never collected – CBS News Watch CBS News About 15% of taxes every year aren’t collected, the IRS estimates. Here’s […]
Inflation rate edged higher by 2.4% in May, CPI report shows. Here’s what that means.
The Consumer Price Index in May rose 2.4% on an annual basis, reflecting a cooler-than-expected increase last month and signaling that the impact of President Trump’s […]
Trump’s tariffs can stay in place for now amid legal battle, appeals court rules
What’s at stake for U.S.-China in talks What’s at stake in U.S.-China trade talks 05:35 The wide-reaching tariffs imposed by President Trump on virtually every […]
Paramount to cut 3.5% of its workforce amid economic and media industry challenges
Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in […]
Almanac: Cleaning up at business
Almanac: Cleaning up at business – CBS News Watch CBS News On May 7, 1925, William Lever, one of the soap-making siblings that founded Lever […]
Warner Bros. Discovery to split into two, separating CNN and cable networks from streaming
Warner Bros. Discovery announced the media giant will divide into two new publicly traded companies, with one consisting of its cable networks such as CNN […]
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 […]
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 […]
Toys caught in the crosshairs of Trump’s tariffs
Toys caught in the crosshairs of Trump’s tariffs – CBS News Watch CBS News New evidence shows that President Trump’s tariff policies are shaking up […]
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, […]
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. […]
Unemployment claims rise to highest level in 8 months, signaling slowdown in job market
Initial claims for U.S. unemployment benefits last week rose to their highest level in eight months, a sign the labor market might be losing steam […]
Lyft co-founder on why your car is expendable
Lyft co-founder on why your car is expendable – CBS News Watch CBS News Self-driving cars may reshape more than our streets. In this web […]
Trump speaks to China’s Xi amid ongoing dispute over trade truce
White House: Trump to speak with China’s Xi Trump likely to speak with China’s president this week, White House says 03:29 Washington — President Trump […]
Couple faces retirement fears amid market swings: “We don’t have do-over time”
Dinner at the Gomez home outside Boston provides a textbook image of the sandwich generation: three sets of relatives living under one roof. “A club […]
Millions of U.S. kids could lose the Child Tax Credit under GOP budget bill, experts say
A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are […]
McDonald’s Snack Wrap is returning to U.S. menus. Here’s what to know.
McDonald’s Snack Wrap, a gone-but-not-forgotten customer favorite, is returning to the fast-food chain’s restaurants in the U.S. after a nine-year hiatus. The popular sandwich will […]
OECD forecasts a sharp economic slowdown and higher inflation in the U.S., citing tariffs
U.S. economic growth is likely to hit the brakes this year, with GDP dramatically slowing due to the impact of the Trump administration’s tariffs and […]
Budget bill would add trillions to U.S. debt and increase inequality, Nobel laureate economists say
Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by President Trump would weaken key safety-net programs […]
U.S. steelmakers’ shares jump after Trump hikes industry tariffs to 50%
Stocks of major U.S. steel companies jumped Monday after President Trump announced he would double tariffs on steel and aluminum. Cleveland-Cliffs steel manufacturer was up […]
Bessent defends tariff policy as retailers weigh price hikes: “Some are and some aren’t”
Treasury Secretary Scott Bessent on Sunday defended the Trump administration’s escalating tariff policies, saying that while some companies have already announced price hikes, he thinks […]
