Category: Finance
Concern grows over whether Hollywood’s film and TV industry can survive in California
Los Angeles — For years, Phil Mangano made a good living as a film and television editor in Los Angeles. “It was just job after […]
The buzz over annoying corporate buzzwords
Hey, Team! Huddle up! I want to leverage this platform and give an ROI on your time! Corporate buzzwords: we hate them! They’re a pain […]
Las Vegas may still dazzle, but its sparkle is coming at a steeper price: “No longer a bargain vacation”
Las Vegas — The “Welcome to Fabulous Las Vegas” sign is usually the first stop for millions of tourists. But the line to snap a […]
Trump says he’s doubling steel tariffs to 50% during visit to U.S. Steel mill near Pittsburgh
President Trump announced that he would be doubling tariffs on steel to 50% as he visited a U.S. Steel mill in the Pittsburgh suburbs Friday, […]
Trump says China is violating its trade agreement with the U.S.
President Trump on Friday said that China is violating a trade agreement with the U.S., just weeks after the two countries agreed to a temporary […]
CBS News poll: Economy views better than winter, but Americans feel concern more than secure about finances
Summer begins with Americans’ economy ratings continuing to get a bit brighter than they were this winter — though still not good — with their […]
Stock market futures jump after court halts most Trump’s tariffs
Stock futures are jumping after a federal court late Wednesday froze most of the tariffs the Trump administration has imposed on U.S. trading partners. The […]
JD Vance says “crypto finally has a champion” in the White House during Bitcoin conference speech
Vice President JD Vance on Wednesday touted the Trump administration’s ties with the cryptocurrency industry — a once-fringe business that President Trump and his allies […]
Do you have the top predictor for financial well-being? Here’s what Vanguard’s research says.
It doesn’t take $1 million to achieve the top predictor of financial well-being, according to new research from investment firm Vanguard. Instead, it’s something far […]
Southwest sets its first checked bag fee, starting at $35
After more than 50 years, Southwest Airlines’ “bags fly free” policy is finally coming to an end. Southwest on Tuesday announced the first checked bag […]
Tesla’s monthly sales in Europe plunge by almost 50% amid protests and backlash against Elon Musk
Tesla sales across Europe plummeted by almost 50% last month even as the broader market for electric cars saw growth in the region, according to […]
Trump pauses tariffs on European Union goods after negotiations
Trump pauses tariffs on European Union goods after negotiations – CBS News Watch CBS News Negotiators from the U.S. and the European Union met on […]
What’s open and closed for Memorial Day? See which stores are operating today.
Easy Memorial Day weekend activities Easy, last-minute Memorial Day weekend activities 03:22 For many Americans, Memorial Day means spending the day outside at a backyard […]
Delta Air Lines’ 100th year takes flight
When you picture a garage sale, you might think of your neighbor’s driveway down the street, not an aviation workshop in the shadow of the […]
Markets close lower after Trump lobs tariff threats at Apple and EU
Stocks tumbled on Friday after President Trump threatened to impose a fresh round of tariffs, this time aimed at Apple and the European Union. The S&P […]
Publix recalls baby food sold in more than 1,400 stores after testing finds elevated lead levels
The supermarket chain Publix has recalled fruit and vegetable baby food sold in eight states because product testing found elevated levels of lead, according to […]
Trump floats bringing Fannie Mae and Freddie Mac public. Here’s what it could mean to homebuyers and investors.
President Trump said this week he may take home lenders Fannie Mae and Freddie Mac public, winding down 17 years of federal control over two […]
Trump announces “partnership” between U.S. Steel and Japan-based Nippon Steel
President Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” between the iconic […]
Trump threatens to hit Apple with a 25% tariff on iPhones made outside U.S.
China eyes global help to end U.S. trade war China eyes international help to resolve U.S. trade war 05:44 President Trump is threatening to impose […]
How the skincare industry makes billions marketing products to tweens, including some that could harm young skin
In a TikTok video, then-17-year-old actor Symonne Harrison unveils a bathroom counter full of products from the skincare brand Drunk Elephant that would retail for […]
Jobs program for the formerly incarcerated seeks to address U.S. trucking industry shortage
New York City — Every time Jorge Badilla shifts into gear, he’s sitting in the driver’s seat of an industry that’s running on fumes. According […]
Here’s how to save money on your summer vacation, despite rising prices
There’s good news and bad news for the nearly 50% of Americans who say they’re planning on taking a trip this summer despite inflation concerns, […]
Behind on your student loan? Here’s what to know about wage garnishment.
Americans with student loans who are behind on their payments could face having their wages garnished and other serious financial consequences now that the Trump […]
Crypto billionaire Justin Sun says he’s the biggest owner of Trump’s meme coin, will attend dinner with president
The largest holder of President Trump’s cryptocurrency token is entrepreneur Justin Sun, the billionaire revealed Tuesday — earning him an invite to a controversial dinner […]
GOP bill could add trillions to the U.S. deficit, some experts say. Here’s what to know.
The Republican-backed tax and spending bill that’s now moving forward in the House is getting a reality check from Wall Street. That’s because the proposed […]
Mortgage rates climb back above 7% after Moody’s U.S. debt downgrade
The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody’s downgraded the U.S. […]
Housing, nutrition in peril as Trump pulls back Medicaid social services
During his first administration, President Trump’s top health officials gave North Carolina permission to use Medicaid money for social services not traditionally covered by health […]
Trump warns Walmart against raising prices, tells company to “eat the tariffs”
President Trump ripped into Walmart, saying on social media Saturday that the retail giant should “eat the tariffs” instead of blaming the duties on imported […]
How much would Americans of different income save in taxes if the GOP bill is signed into law?
The White House on Friday touted a Republican-backed tax bill as delivering “PERMANENT tax cuts and bigger paychecks.” Yet experts say the legislation would disproportionately […]
Moody’s downgrades U.S. credit rating, citing rising government debt
The U.S. credit rating was downgraded by Moody’s Ratings on Friday, highlighting investor concerns about the government’s growing debt. The downgrade from the top rating […]
Walmart CEO warns prices will rise due to Trump tariffs
Walmart CEO warns prices will rise due to Trump tariffs – CBS News Watch CBS News The world’s largest retailer says new import tariffs will […]
Walmart says it plans to raise prices despite lower U.S. tariffs
Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices on certain items. The world’s largest retailer […]
Dick’s Sporting Goods to buy Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying ailing shoe company Foot Locker for $2.4 billion, the second deal for a large U.S. footwear maker in recent weeks […]
Kroger overcharges customers for items marked as being on sale, Consumer Reports finds
Kroger shoppers might be paying more at checkout than they bargained for. A new investigation found price tag errors at the supermarket giant’s stores leading to […]
Most Americans don’t earn enough to afford basic costs of living, analysis finds
The gap between what Americans earn and how much they need to bring in to achieve a basic standard of living is growing, according to […]
Inflation rate rose by 2.3% in April, CPI report shows. Here’s what the data means.
The Consumer Price Index in April rose 2.3% on an annual basis, rising less than economists had expected yet still reflecting price hikes that remain above the […]
A “de minimis” tariff exemption expires Friday. Here’s what that means for shoppers.
Cheaper goods from China are set to become a lot more expensive for U.S. consumers with the May 2 expiration of a loophole that formerly […]
Trump family’s bitcoin mining venture to go public — as Trump crypto interests grow
A bitcoin mining firm backed by President Trump’s son Eric will go public this year, the company announced Monday, deepening the Trump family’s interest in […]
U.S. and China to ease tariffs significantly for 90 days, White House announces
The U.S. and China have agreed to a temporary but significant easing of the tariffs imposed over the last couple months, the countries said in […]
How Trump’s tariffs jeopardize small businesses
How Trump’s tariffs jeopardize small businesses – CBS News Watch CBS News President Trump’s sudden and unpredictable tariffs have caused tremendous concerns among small business […]
Small business owners on damage from Trump’s tariffs
Beth Benike is a mom, a veteran, and a small business owner – and she’s sounding the alarm. “I’ve been telling all of my friends […]
GM recalls nearly 600,000 trucks and SUVs over risk of engine failure
Checking your vehicle for important safety recalls Checking your vehicle for important safety recalls 02:15 General Motors is recalling 597,630 of its full-size U.S. trucks […]
Chinese exports plunge as U.S. retailers cancel orders amid steep tariffs
Chinese exports to the U.S. plunged in April, as steep tariffs on China make it too costly for many U.S.-based retailers to import goods from […]
Fired CPSC commissioner tells President Trump, “See you in court”
Rich Trumka Jr., a commissioner of the Consumer Product Safety Commission until he was fired by President Trump on Thursday, said in a letter that […]
Trump says 80% tariff on China “seems right” ahead of trade talks
President Trump signaled Friday that the U.S. may be open to lowering tariffs on China. “80% Tariff on China seems right!” he wrote on Truth […]
Stocks close higher after U.S. and U.K. announce trade deal
Stocks closed modestly higher on Thursday after President Trump announced a new trade agreement with the United Kingdom. The S&P 500 gained 33 points, or […]
Trump says trade deals could come this week. Here’s what to know as negotiations continue.
President Trump says the U.S. may be close to announcing new trade agreements as his administration faces pressure to strike deals with the country’s economic […]
Fed holds interest rates steady as the central bank weighs impact of Trump tariffs
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged, resisting pressure from President Trump to lower U.S. borrowing costs as policy […]
Real IDs are required to travel domestically starting today. Here’s what to know.
After nearly 20 years of delays, the Real ID deadline is finally here. Beginning May 7, Americans planning to travel domestically are required to use […]
Top Trump officials will meet with China amid trade war
Two Trump administration officials will meet with their Chinese counterparts to discuss trade in the coming days, the administration said Tuesday — a potentially key […]
Trump wants the Fed to cut rates on Wednesday. Will Jerome Powell oblige?
President Trump has been pushing the Federal Reserve to cut interest rates, writing on social media last month that the central bank has been “TOO […]
Trump announces he will impose 100% tariffs on movies produced outside the U.S.
Hollywood reacts to Trump’s movie tariff plan Hollywood reacts to Trump’s movie tariff announcement 02:21 President Trump on Sunday announced movies as the latest target […]
Temu halts China shipments to U.S. as de minimis tariff exemption ends
Temu, a low-cost retailer based in China, has overhauled its business model by halting shipments of Chinese-made goods to customers in the U.S. The move […]
Tomatoes recalled in 14 states due to salmonella risk, FDA says
Two brands of tomatoes have been recalled in 14 states due to possible salmonella contamination, the Food and Drug Administration said this week. Ray & […]
“CBS Weekend News” headlines for Saturday, May 3, 2025
“CBS Weekend News” headlines for Saturday, May 3, 2025 – CBS News Watch CBS News Here’s a look at the top stories making headlines on […]
Warren Buffett announces he’ll step down as Berkshire Hathaway CEO, says he wants Greg Abel as replacement
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday he plans to step down as CEO. Buffett, who has been leading Berkshire Hathaway for […]
Sam Altman, the architect of ChatGPT, is rolling out an orb that verifies you’re human
Sam Altman, the CEO of OpenAI and the architect of ChatGPT, is behind a venture that wants to solve a modern-day problem: proving you’re human […]
How one diner is navigating economic uncertainty in Danbury, Connecticut
The Three Brothers Diner has been serving the Danbury, Connecticut community for the last 50 years. The family-run business, which is managed by Stanley Kallivrousis, […]
Employers added robust 177,000 jobs in April as labor market remains strong despite economic uncertainty
U.S. economy is shrinking, report shows Here’s what to know as new report shows the U.S. economy shrinking 02:50 Employers across the U.S. added 177,000 […]
Kohl’s fires CEO Ashley Buchanan after investigation into conflicts of interest with a vendor
Kohl’s Corporation said Thursday it has fired CEO Ashley Buchanan for cause after an investigation found he had violated the company’s conflict-of-interest policies. Buchanan was terminated […]
Apple violated injunction in antitrust case, judge finds
A federal judge has strongly rebuked Apple, finding that the iPhone maker willfully violated a court injunction in an antitrust case filed by “Fortnite” maker […]
U.S. vehicle sales surge as buyers hope to beat tariff hikes
Southfield, Michigan — Akio Miller and his wife are accelerating their search for an SUV in suburban Detroit, test-driving a new Hyundai that could soon see […]
China exports to U.S. plunge as tariffs hit, leading some experts to warn of product shortages
Shipments of goods from China to the U.S. are dropping sharply with the Trump administration’s steep tariffs in place, leading major U.S. retailers to warn […]
Trump to ease tariffs on automakers by rolling back some import duties
The Trump administration plans to ease some tariffs on automakers to ensure the companies aren’t hit twice by its tariffs, which now apply a 25% […]
Trump promised an economic revival. In his first 100 days he’s falling short, some economists say.
During his campaign last year, President Trump repeatedly attacked former President Joe Biden for his handling of the economy, vowing to boost economic growth and lower […]
When is going to college not worth the money?
Getting a college education has traditionally been seen as a way to move up the economic ladder. But an analysis by economists at the Federal […]
Titanic passenger’s letter with “prophetic line” sells for almost $400,000 at auction
A lettercard penned by one of the Titanic’s most well-known survivors from onboard the ship, days before it sank, has sold for $399,000 at auction. […]
Trump’s first 100 days seen as bringing big changes, but still too much focus on tariffs — CBS News poll
Is 100 days enough time to evaluate this president? His supporters generally don’t think so, but others do — perhaps because most Americans think President […]
Could a $5,000 “baby bonus” convince Americans to have more kids? Here’s what the data shows.
Americans are having fewer babies, with the annual birth rate now standing near a record low. It’s a trend that has implications for the nation’s […]
Amazon sellers are hiking prices on hundreds of goods as tariffs bite
American consumers are starting to feel the impact of President Trump’s tariffs on Chinese imports, especially online. Since the second week in April, sellers on […]
DOGE says it has saved $160 billion. Those cuts have cost taxpayers $135 billion, one analysis says.
Elon Musk’s Department of Government Efficiency, or DOGE, says it has saved $160 billion through its push to root out wasteful or fraudulent government spending. […]
Small businesses push for exemptions from Trump tariffs
Small businesses are begging for relief from steep new U.S. tariffs on foreign goods, saying the higher import taxes imposed on dozens of key trading […]
Trump administration fast-tracks oil and mining projects, angering environmentalists
The Trump administration said it will accelerate permit approvals for mining, drilling and fossil fuel production and transportation on public land, fast-tracking a review process […]
Pope Francis’ funeral could spur tourism spike among Americans headed to Rome
Pope Francis’ funeral could be a boon for airlines but a pain for travelers. As the late pontiff lies in state in St. Peter’s Basilica before his […]
Trump’s meme coin, which had fizzled in value, surges after offer of dinner with the president
President Trump’s meme coin, which had slumped 88% from its most recent high, got a boost Wednesday after its website invited the top 220 holders […]
Walmart, Target CEOs privately warned Trump tariffs could lead to empty shelves soon
The chief executives of Walmart and Target privately warned President Trump this week that his sweeping tariff policy could disrupt supply chains and lead to […]
Americans are more scared of going broke in retirement than they are of death, study finds
Faced with inflation, taxes and concerns over the size of Social Security benefits, most Americans are more afraid of going broke in retirement than they […]
Trump says he has “no intention of firing” Federal Reserve chief Jerome Powell
President Trump said Tuesday he has “no intention of firing” Federal Reserve chair Jerome Powell, one day after the president called Powell a “major loser” and […]
Walgreens to pay $300 million to settle claims it illegally filled invalid opioids prescriptions
Walgreens Boots Alliance has agreed to pay $300 million to settle claims that it unlawfully filled millions of invalid prescriptions for opioids and other controlled […]
Harvard sues Trump administration, alleging unlawful actions in freezing funding
Harvard University on Monday said it has filed a lawsuit against the Trump administration, alleging that it unlawfully froze billions in federal funding. In announcing […]
Vance, Modi set to meet in India with Trump’s tariffs expected to take center stage
New Delhi — U.S. Vice President JD Vance arrived in India on Monday for a four-day visit as New Delhi looks to avoid U.S. tariffs, negotiate […]
Honda to shift Civic Hybrid production to U.S. from Japan
Canada car dealership braces for tariffs Canadian car dealership depicts anger over Trump tariffs 04:57 Honda Motor this week said it is moving production of […]
Car buyers say they are not racing to the dealership amid tariffs
Car buyers say they are not racing to the dealership amid tariffs – CBS News Watch CBS News Car manufacturers are already reviewing their 2026 […]
Can Trump or the IRS strip Harvard of its tax-exempt status? Here’s what to know.
The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League […]
Trump is studying how to remove Fed Chair Jerome Powell, economic adviser says
President Trump and his team are studying whether firing Federal Reserve Chair Jerome Powell is an option, according to National Economic Council Director Kevin Hassett. […]
Is the stock market open today on Good Friday? See what’s open and closed.
Dow Jones falls more than 500 points Dow Jones falls more than 500 points, fueled by UnitedHealth tumble 03:22 The stock market will be closed […]
Eli Lilly says GLP-1 pill for diabetes and weight loss effective in study, plans to seek FDA approval
Eli Lilly and Co., the maker of Zepbound and Mounjaro, announced success Thursday of its Phase 3 clinical trial for a once-daily GLP-1 pill — […]
Trump says Fed Chair Jerome Powell’s “termination cannot come fast enough”
President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates […]
U.S. consumers are “panic-buying” Korean beauty products amid Trump’s tariff war, retailers say
New York City — Skincare store Senti Senti in Brooklyn sells items you won’t typically find at other retailers in the U.S. Almost all of […]
Spotify outage affects thousands of users. Company denies it’s been hacked.
Spotify releases its 2024 review What to know about Spotify’s top artists, songs and albums of the year 02:52 Spotify was experiencing technical issues on […]
Meta CEO Zuckerberg returns to witness stand, pushes back against FTC antitrust allegations
Meta CEO Mark Zuckerberg sparred Tuesday with a Federal Trade Commission attorney over the meaning of emails the Facebook founder wrote about why he wanted […]
China orders its airlines to stop accepting deliveries of Boeing jets, report says
Will Trump or Xi initiate tariffs talks? Will Trump or China’s Xi initiate tariffs talks as trade war escalates? 07:26 The Chinese government has told […]
Starbucks changing its dress code for baristas. Here’s the new look.
Starbucks makes layoffs, cuts drinks Starbucks to lay off 1,100 employees and cut drinks from its menu 01:53 Starbucks on Monday announced a new dress […]
Mark Zuckerberg called to testify in Facebook parent Meta’s antitrust trial
Meta Platforms CEO Mark Zuckerberg took the stand Monday in a Washington, D.C., courtroom to defend his social media company from federal allegations that the […]
Trump tariff plans bring concern about prices, financial impact, but GOP base sees jobs long-term — CBS News poll
Amid a tumultuous week in the markets, the outlook on President Trump’s trade and tariff policy hinges not just on what Americans think will happen, […]
JPMorgan Chase’s Jamie Dimon says U.S. economy faces “considerable turbulence”
JPMorgan Chase CEO Jamie Dimon said the U.S. economy faces a critical stretch, while also warning of the ongoing uncertainty caused by President Trump’s tariff […]
Consumers now face “tariff surcharges” for some goods as companies pass along costs
The Trump administration’s volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible avoid — the added business costs. Some […]
U.S. exempts smartphones, computers from global Trump tariffs
Smartphones, computers and other electronics have been exempted from the Trump administration’s escalating trade war with China. According to a notice published late Friday by the U.S. […]
Los Angeles-area residents crowdsource wildfire contamination data in battle with insurers
All sense of survivors’ guilt was fleeting for those residents whose homes remained standing after wildfires ripped through the Los Angeles area three months ago. […]
Stock market rises as China jacks up tariffs on U.S. to 125%
For China, soaring U.S. tariffs are a “joke,” as Chinese officials put it Friday in sharply hiking levies on American imports. Investors aren’t laughing. Stocks […]
Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during market meltdown
Rep. Marjorie Taylor Greene, an avid supporter of the Trump administration’s trade policies, not only bought stocks last week as others dumped them in a […]
Apple airlifts more than 1 million iPhones out of India to avoid Trump tariffs, Reuters reports
Apple wants to get its iPhones into the hands of U.S. customers before tariffs lead to hike prices. The iPhone maker shipped about 1.5 million […]
Stocks soar after Trump pauses “reciprocal tariffs” on most countries for 90 days
The stock market exploded higher on Wednesday to one of their best days in history after President Trump said he would place a 90-day pause […]
Trump announces 90-day pause on “reciprocal” tariffs
President Trump on Wednesday announced a 90-day pause on most of his new tariffs, and a lowering of the “reciprocal tariff” rate to 10%, effective […]
Trump’s sweeping new tariffs in effect, including 104% on China
President Trump’s tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically ramping up a potential global […]
What are reciprocal tariffs, and why does Trump want to impose them on other countries?
A core element of the protectionist trade policies President Trump announced last week — an import tax blitz on long-standing global trade partners he referred to as […]
Stock market whipsaws as Trump makes new China threat
It was another wild ride on Wall Street, with stocks swinging sharply Monday as economists raised the specter of a U.S. recession and President Trump […]
Jamie Dimon, major Wall Street figures issue warnings about Trump’s tariffs
Jamie Dimon, the CEO of JPMorgan Chase, is speaking out President Trump’s sweeping tariffs, cautioning the levies could lead to higher inflation and slow the U.S. […]
Asian stock markets plunge, U.S. futures tumble as tariff turmoil continues
Overseas financial markets plunged in early trading Monday, while U.S. stock futures came under renewed selling pressure after leading indexes crumbled last week amid investor fears […]
Trump tells Americans to “hang tough” as 10% universal tariffs take effect
Some of the new tariffs announced by President Trump earlier this week went into effect Saturday, triggering customs agents’ collections at ports of entry across […]
Tostitos tortilla chips recalled after they may have been contaminated, Frito-Lay says
Frito-Lay issued a recall of some bags of Tostito’s tortilla chips, saying the snack foods may have been contaminated with undeclared products. The recall applies […]
Argentinian president doubles down on Trump support, attends Mar-a-Lago event as the world reacts to tariffs
Europe vowed retaliation. China plotted tariffs of its own. Mexico scrambled to blunt the blow. But while the world’s leaders were wringing their hands over […]
Stock market rout deepens as Dow plunges more than 2,200 points and Nasdaq enters bear market
Financial markets ended a tumultuous week with a thud, as stocks tumbled for a second straight day on concerns about the economic fallout from new […]
Trump’s biggest tariff was on tiny Lesotho. Here’s what to know about the African kingdom.
Maseru, Lesotho — President Trump in March described Lesotho as a place “nobody has ever heard of,” and then this week he hit the tiny […]
Amazon tells White House it’s interested in buying TikTok
Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by which its parent company, China-based ByteDance, must […]
Dow Jones plunges more than 1,500 points as stock market reacts to Trump tariff shock
The Dow Jones Industrial Average plunged 1,581 points, or 3.8%, to 40,634, in morning trade Thursday as spooked investors tried to assess the impact of […]
Trump announces new tariffs on what he calls “Liberation Day” amid fears of higher prices
Washington — President Trump on Wednesday announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, as […]
Millions of Americans still don’t have a Real ID. Here’s what to know as the deadline nears
The May 7 deadline is looming to have a Real ID, which will be required to get into government buildings and through airport security. Congress […]
Hooters files for bankruptcy but says it’s “here to stay”
Hooters, the U.S.-based restaurant chain known for chicken wings and “Hooters Girls” skimpy wait-staff outfits, has filed for bankruptcy protection. HOA Restaurant Group filed the […]
S&P 500 marks its worst quarter since 2022 amid tariff and inflation fears
Stocks whipsawed on Monday ahead of President Trump’s plan to announce more tariffs on April 2, with the market initially dipping in early trading before […]
Ahead of Trump’s auto tariffs, are U.S. consumers rushing to buy cars?
President Trump’s forthcoming tariffs on automobiles threaten to make cars more expensive, and some consumers are responding by heading to dealerships before the levies go into […]
Trump says he’s planning more tariffs on April 2, calling it “Liberation Day.” Here’s what it means.
The Trump administration is planning to impose a round of fresh tariffs on April 2, a day President Trump has dubbed “Liberation Day.” The announcement […]
Federal judge blocks mass firings of Consumer Financial Protection Bureau workers
U.S. District Judge Amy Berman Jackson issued a preliminary injunction Friday that blocks the Trump administration from dismantling the Consumer Protection Financial Bureau. “The court […]
Americans want Trump’s focus more on prices, not tariffs; most approve of deportation efforts — CBS News poll
After a week that brought tough economic news and polling showing Americans’ views of the economy are still sour, most say President Trump has focused too much […]
Protesters rally against Elon Musk at Tesla showrooms over the continued U.S. government purge
Crowds protesting billionaire Elon Musk’s purge of the U.S. government under President Trump began amassing outside Tesla dealerships throughout the U.S. and in some cities […]
UAW’s Shawn Fain slams Trump executive order targeting federal unions
Shawn Fain, the president of the United Automobile Workers, assailed a new executive order signed this week by President Trump as an attack on federal […]
Trump’s changes to the Social Security Administration has many seniors alarmed
North Liberty, Iowa — At the weekly senior lunch social in North Liberty, Iowa, chicken was on the menu, but Social Security was top of mind. […]
Nikola founder Trevor Milton receives full pardon from President Trump
Trump’s impact on electric vehicles How Trump’s executive order will impact electric vehicle market 04:31 Nikola founder Trevor Milton said in a social media post […]
Which automakers are most susceptible to Trump’s 25% car tariffs?
President Trump on Wednesday announced 25% tariffs on vehicles and auto parts imported into the U.S. The new duties could lead to sticker shock on a wide […]
Social Security’s overpayments policy takes effect today. Experts say it could hurt seniors.
Some Social Security recipients could soon find themselves in the crosshairs of a policy that advocates for seniors say could cause financial hardship for many […]
Trump announces 25% tariffs on foreign-made cars
President Trump on Wednesday said he will put a 25% tariff on automobiles and light trucks imported into the U.S., escalating his administration’s use of aggressive […]
U.S. could face default by August if Congress doesn’t address debt ceiling, budget office says
Washington — The federal government could be unable to pay its bills as soon as August if Congress doesn’t act, the Congressional Budget Office estimated […]
Who is Frank Bisignano, Trump’s nominee to oversee Social Security?
President Trump’s nominee to run the Social Security Administration (SSA), Frank Bisignano, vowed to crack down on fraud and to protect Americans’ personal data in […]
Watch Live: Social Security nominee Frank Bisignano faces Senate confirmation hearing
President Trump’s nominee to run the Social Security Administration, Frank Bisignano, is facing a Senate hearing on Tuesday morning about his qualifications to run the […]
Here’s how to delete your personal data and genetic sample from 23andMe
23andMe bankruptcy prompts alarm over data privacy 23andMe bankruptcy is “privacy nightmare,” consumer advocate warns 02:18 23andMe customers who once turned over the most personal […]
23andMe files for bankruptcy and will try to find a buyer
23andMe, a formerly high-flying genetic testing company, announced Sunday that it was declaring bankruptcy and that it would seek a buyer. The company also said […]
Investors are taking cover as economic concerns grow
Stocks closed in the green, eking out a small gain Friday and snapping a four-week losing streak. After opening sharply lower, leading indexes moved higher […]
ABLE accounts allow Americans with disabilities to save and invest. Here’s how.
Paul Safarik, 32, of Lincoln, Nebraska, has worked in the food industry since he was 21, delivering for quick service restaurants like Raising Cane’s and […]
Dismantling Department of Education could cause chaos for Americans with student loans, experts warn
President Trump’s executive order on Thursday starting the process of dismantling the Department of Education could throw federal student loan programs into disarray and lead […]
Family of Boeing whistleblower John Barnett accuses company of hounding him before he committed suicide
The family of a former Boeing quality control manager who police say killed himself after lawyers questioned him for days about his whistleblowing on alleged jumbo jet […]
In U.S. auto market, uncertainty reigns over the potential impact of Trump’s tariff war
Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set to take effect on April 2 as […]
Segway recalls 220,000 scooters after mechanical glitch injures 20
Segway is recalling about 220,000 Segway scooters sold nationwide because the product’s folding mechanism can fail while in use, posing a fall hazard that has […]
Stocks waver as investors ponder what to make of rising economic uncertainty
For President Trump, the barrage of tariffs the U.S. is set to unleash on the country’s largest trading partners on April 2 amounts to “Liberation Day,” […]
Ben & Jerry’s claims Unilever unlawfully fired its CEO over political issues
Ben & Jerry’s says its parent company Unilever unlawfully fired its CEO David Stever over disputes involving the brand’s social mission and taking a stance […]
Federal Reserve holds interest rates steady, but trims economic growth outlook
The Federal Reserve held its benchmark interest rate steady on Wednesday, with Chair Jerome Powell saying there is “high uncertainty” about the potential impact of […]
FDA to increase testing for heavy metals in infant formula, RFK Jr. says
The U.S. Food and Drug Administration will step up its testing for heavy metals in infant formula and review nutrients required in the products used […]
How close are we to a recession, and how will we know when we get there?
As tariff uncertainty continues to roil the stock market, some economists believe the U.S. could be headed toward a recession, a possibility that even the Trump […]
Stocks continue to rebound, but Tesla shares head in reverse
Stocks on Monday continued to claw back some losses from last week, buoyed by data on retail sales around the U.S. that shows the economy […]
Trump tariffs could add more than $9,000 to cost of a new home, builders say
President Trump’s tariff policies could make building or renovating a home in the U.S. more expensive, according to builders. The rising costs of construction materials, […]
Trader Joe’s customers in 12 states warned about Gerolsteiner sparkling water bottles
Trader Joe’s is cautioning customers that some glass bottles of Gerolsteiner sparkling water sold in 12 states could be cracked or damaged. About 61,500 bottles […]
Guinness sees a resurgence as more Americans are raising a pint of the iconic Irish stout
In its 266th year of brewing, Guinness is experiencing an unprecedented “golden age” in America, chugging its way to become the fastest growing imported beer […]
Student loan borrowers confused by suspension of some repayment plans. Here’s what to know.
The Trump administration’s recent changes to student loans are causing frustration and confusion for some borrowers. In response to a February court ruling that blocked […]
Consumer sentiment plunges to 2-year low amid tariff and inflation worries
U.S. consumer sentiment swooned in March to a more than two-year low, with a preliminary gauge released by the University of Michigan proving far weaker […]
Here’s what a key index is saying about the economy
Some signs of the U.S. economy’s trajectory, including consumer sentiment plunging to a two-year low, U.S. stocks sinking and President Trump’s foreign trade policy creating a climate of […]
Tesla warns that Trump’s trade war could hurt U.S. automakers
Electric vehicle maker Tesla is warning that the Trump administration’s trade policies could be detrimental to U.S.-based EV companies. In an unsigned March 11 letter […]
10,000 Social Security Administration workers could accept buyout offer, former commissioner says
The Social Security Administration could soon lose as many as 10,000 workers, according to former agency leaders who expect a large portion of federal workers […]
Dollar General says some customers can no longer afford basic necessities
Dollar General has a particularly clear view into the pocketbooks of low-income Americans, given those shoppers are the discount retailer’s core customer base. And some […]
Inflation rate rose by 2.8% in February, CPI report shows. Here’s what that means for price relief.
Inflation in February rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes remain elevated despite […]
EPA to review landmark 2009 finding that greenhouse gases are a danger to public health
The Environmental Protection Agency on Wednesday said it would “formally reconsider” a landmark 2009 finding by the agency that greenhouse gases are a danger to […]
Trump tariffs of 25% on steel and aluminum take effect, prompt quick EU retaliation announcement
President Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising they would help create U.S. factory jobs at a […]
Ontario backs off electricity surcharge after Trump says he’s doubling tariffs on Canadian steel, aluminum
Washington — Ontario Premier Doug Ford and U.S. Commerce Secretary Howard Lutnick announced Tuesday that Canada will suspend its new 25% surcharge on electricity exports […]
China’s retaliatory tariffs are a direct hit to U.S. farmers
China’s retaliatory tariffs went into effect Monday, spelling trouble for American farmers by making U.S.-grown crops more expensive for their top purchaser. Beijing imposed the […]
Dow plunges 1,000 points, Nasdaq craters as recession fears batter stocks
U.S. stocks cratered Monday amid growing U.S. economic concerns and after President Trump declined to rule out a recession that investors worry could be triggered […]
Big Tech’s big bet on nuclear power
Big Tech’s big bet on nuclear power – CBS News Watch CBS News Faced with increasing demand for energy to fuel artificial intelligence, and the […]
Big Tech’s big bet on nuclear power to fuel artificial intelligence
It might have seemed like one of the weirder headlines of 2024: Microsoft is paying $1.6 billion to restart Three Mile Island. That’s the nuclear […]
Federal Reserve Chair Jerome Powell says interest rates on hold amid rise in economic uncertainty
Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark interest rate, citing uncertainty around the potential […]
Social Security says it will restart clawing back 100% of overpayments to beneficiaries
What is the best time to claim your social security? What is the best time to claim your social security? 03:51 The Social Security Administration […]
Employers added 151,000 jobs in February, missing forecasts
Employers across the U.S. added 151,000 jobs in February, below economists’ forecasts and pointing to a slowdown in the labor market amid signs of slowing […]
Some economists think U.S. inflation is likely to rise in 2025
The Trump administration’s barrage of tariffs on key U.S. trading partners and ongoing crackdown on immigration are likely to result in higher prices for American […]
President Trump pauses Mexico and Canada tariffs until April 2
President Trump on Thursday said he will pause 25% tariffs on U.S. imports from Mexico and Canada that are covered under a 2020 trade agreement, […]
Congressional Budget Office finds House GOP budget goals would require Medicaid cuts
Washington — An analysis by the nonpartisan Congressional Budget Office that was sent to lawmakers this week showed that budget goals outlined in a House GOP plan could […]
Trump offers one-month tariff exemption to U.S. automakers
President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect on March 4, White House press secretary […]
Trump’s trade war looms over China’s sluggish economy despite show of strength at National People’s Congress
Beijing — China has responded to President Trump’s trade war with defiance, something Mr. Trump is not accustomed to. Now facing 20% tariffs on all […]
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a […]
Can teaching employees poker skills help businesses thrive?
London — The high-stakes game of poker is making its way into the workplace, thanks to one passionate card player determined to share her skills to […]
U.S. tariffs on Mexico and Canada go into effect and levies on China to be raised
Washington — The United States imposed 25% tariffs on nearly all goods imported from Mexico and Canada Tuesday, after taking a month for aides to […]
Trump to announce Taiwanese company’s $100 billion investment in U.S. chip plants
Accelerating semiconductor innovation with AI and data insights Accelerating semiconductor innovation with AI and data insights 08:38 Washington — President Trump on Monday will announce […]
Trump says he’s considering these 5 cryptocurrencies for new U.S. “strategic reserve”
President Trump on Sunday named five cryptocurrencies under consideration for a new U.S. “strategic reserve,” sending their values skyrocketing and partly reversing a recent slump. […]
“It’s the pictures that got small”: How movies have changed in the era of streaming
Hollywood has been re-inventing itself for more 100 years. Change is part of the culture. But a pocket-sized “Sunset Boulevard”? That’s not a close-up! “It’s […]
Social Security was already dealing with backlogs. Employees warn job cuts could worsen services.
Social Security Administration workers are warning that the Trump administration’s plan to significantly shrink the agency could cause chaos and hinder their ability to provide […]
U.S. set to unleash tariffs on Canada, Mexico and other countries. Economists are worried.
President Trump threatens major tariff increases on Mexico, Canada President Trump threatens major tariff increases on Mexico, Canada 04:42 Experts are expressing concern that steep […]
The PCE report, the Fed’s preferred inflation measure, is out. Here’s what it says.
The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 2.5% in January on an annual basis, matching economists’ expectations and providing some […]
Citi mistakenly credits $81 trillion to customer account
Citigroup mistakenly credited $81 trillion to a customer’s account instead of $280 before reversing the transaction hours later, the Financial Times reported on Friday. The […]
Trump proposes offering $5 million “gold card” to wealthy immigrants. Here’s how it would work.
President Trump on Tuesday unveiled a new pathway to residency: a “gold card” aimed at wealthy foreigners willing to pay millions for the right to […]
Lori Chavez-DeRemer, Trump’s pick for labor secretary, clears committee with votes of 3 Democrats
Washington — A Senate committee voted to advance former GOP Rep. Lori Chavez-DeRemer’s nomination to lead the Labor Department under President Trump on Thursday with […]
Elon Musk’s Starlink in line for deal with FAA, raising potential ethical concerns
Elon Musk’s Starlink satellite internet service could take over a Federal Aviation Administration contract to upgrade the nation’s air traffic control systems, The Associated Press […]
Slack is down, reporting outages across messaging app
Slack, the widely used workplace messaging app, went down Wednesday in a widespread outage that left some of its users unable to communicate on the […]
Consumer confidence plunged in February amid rising economic concerns
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday, with inflation seemingly stuck […]
Joann is closing all of its remaining stores and going out of business
Pittsburgh-area shoppers say they’re not happy about Joann closures Pittsburgh-area shoppers say they’re not happy about Joann closures 01:51 Joann is going out of business, […]
Listeria outbreak linked to recalled frozen shakes now blamed for 12 deaths
A listeria outbreak linked to recalled frozen supplemental nutrition shakes has infected 38 people, killing 12, according to an update on Monday from federal and […]
Starbucks laying off 1,100 workers and cutting drinks from its menu
Starbucks to lay off 1,000 workers, cut drunks from menu Starbucks to lay off 1,000 workers, cut drunks from menu 00:24 Starbucks is laying off […]
Ford, Rivian recall more than 250,000 vehicles in the U.S. over seatbelt, headlight issues
Ford and Rivian have issued recalls affecting a total of about 257,000 vehicles in the United States over separate seatbelt and headlight issues, the National […]
Tesla recalls more than 376,000 vehicles over potential loss of steering power
Tesla is recalling more than 376,000 vehicles because a possible loss of power steering that requires greater effort from the driver to steer, increasing the […]
Frozen shakes sold to nursing homes recalled after listeria outbreak linked to 11 deaths
What to know about U.S food safety What to know about recall concerns, U.S food safety 02:34 At least 11 deaths have been linked to […]
Why is the stock market down today? S&P 500 and Dow slide in worst day of 2025.
Stocks tumbled on Friday after weaker-than-expected economic reports suggested that President Trump’s policies could be impacting U.S. business activity, while consumer sentiment dropped to a […]
Will the expected IRS staff cuts delay my 2025 tax refund?
Tax filing season is upon us, and some people are worried it may take longer to get their refunds as President Trump says he intends […]
Rising egg prices and high demand are prompting consumers to rent or buy chickens, but experts warn the move may not cut costs
Egg prices jumped more than 15% in January from a year ago, with a carton of eggs costing Americans roughly $4.95. Producers blame it on […]
Over 6,000 IRS employees expected to be terminated by end of week
Over 6,000 Internal Revenue Service employees are expected to be terminated by the end of this week, according to a source familiar with the agency’s […]
Breakfast snack packs sold at Kroger, Meijer stores in 13 states are recalled
Breakfast snack packs sold at Kroger and Meijer stores in 13 states are being recalled because they contain wheat and eggs that are not listed on the […]
Online searches for gambling addiction surge as sports betting expands, study finds
Online searches for gambling addiction-related terms have surged in recent years across the U.S., especially in states that have legalized online sports betting, according to […]
