Investor Warren Buffett ‘s company recorded a $47 billion gain on stock sales during the second quarter as he slashed Berkshire Hathaway’s massive Apple stake, but a drop in the paper value of its remaining investments drug down earnings despite improvements in the myriad companies it owns. Selling off a big chunk of its Apple…
Mortgage rates tumbled on Friday to their lowest since April 2023 after a weak jobs report sent bond yields sharply lower and boosted Wall Street’s expectations for an interest rate cut from the Federal Reserve at its September meeting. The average rate for a 30-year fixed mortgage dropped 0.22 percentage points to 6.4%, according to…
How likely is the Federal Reserve to cut interest rates in September? How likely is the Federal Reserve to cut interest rates in September? 04:14 Fear, long absent in financial markets as investors bet on a soft landing for the U.S. economy, is back in the air on Wall Street. Stocks opened sharply lower Friday…
CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said. Many customers found that repair claims were often not covered despite making payments of up to $120 per month, the FTC said Wednesday. The FTC also alleged…
Fed maintains benchmark interest rate despite inflation cooling – CBS News Watch CBS News The Federal Reserve on Wednesday maintained its benchmark interest rate even as inflation has cooled. CBS News business analyst Jill Schlesinger explains when to expect the Fed to cut rates. Be the first to know Get browser notifications for breaking news,…
Starting Wednesday, IHOP is serving up all-you-can-eat pancakes for $5, joining a list of U.S. restaurants offering budget-friendly meal deals in hopes of luring back inflation-weary customers. The limited-time promotion, available to dine-in customers only, runs from now until September 15 at U.S.-based IHOP locations. Customers who choose partake in the promotion will get a…
Department of Transportation opens investigation into Delta Air Lines Department of Transportation opens investigation into Delta Air Lines 02:07 Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in costs related to a global tech outage last week that disrupted emergency services, communications and thousands of businesses. Speaking on CNBC, Bastian…
A recall of Boar’s Head deli meat products has been widely expanded over concerns that they may be linked to a fatal listeria outbreak in the U.S., federal officials said Tuesday. Another 3,500 tons of ready-to-eat meat and poultry products sold under the Boar’s Head and Old Country brands have been added to the initial…
Car repair and maintenance costs vary by brand, Porsches are expensive, Teslas not so much Car repair and maintenance costs vary by brand, Porsches are expensive, Teslas not so much 01:25 Tesla is recalling more than 1.8 million vehicles because of a faulty hood. In a regulatory filing on Tuesday, the National Highway Traffic Safety Administration said the…
Federal health authorities are once again urging people to check their spice racks and cabinets for certain cinnamon products after testing found lead in multiple additional brands. Short-term exposure to very low levels of lead may not result in symptoms, but longer-term exposure to the metal can cause permanent damage to the central nervous system,…
If you want to know the secret to achieving happiness, the answer might be found in your bank account — as long as it’s extremely well-funded. The link between happiness and money is getting a fresh look from economists and scientists, with new research finding multimillionaires are much happier than the merely well-to-do. In other words,…
Charles Barkley is blasting the NBA’s move to snub a broadcast deal from Warner Bros. Discovery to continue airing games in favor of teaming with Amazon, claiming the pro basketball league is choosing money over fans. The NBA announced this week that it had inked 11-year agreements to air games on Amazon Prime Video, Disney…
In a fresh broadside against one of the world’s most popular technology companies, the Justice Department is accusing TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abortion and religion. Government lawyers wrote in documents filed late Friday to the federal appeals court…
Apple reaches union deal with Maryland store Apple reaches its first-ever union deal with workers at Maryland store 00:20 Apple has reached a tentative collective bargaining contract with the first unionized company store in the country. The International Association of Machinists and Aerospace Workers’ Coalition of Organized Retail Employees, which represents the employees at a…
A typical entry-level home in the U.S. costs roughly $200,000. But in a growing number of cities, that would only cover the down payment. With housing in short supply around the country and the stiffest mortgage rates in years, you need at least $1 million to buy a starter home in 237 cities, according to…
Deadly listeria outbreak linked to sliced deli meat, CDC says Deadly listeria outbreak linked to sliced deli meat, CDC says 00:51 Boar’s Head Provisions is recalling all of its liverwurst products on store shelves because it could contain listeria, the U.S. Food and Safety Inspection Service said Friday. The announcement comes as health officials investigate a…
Economic growth remains strong despite concerns over inflation – CBS News Watch CBS News CBS News business analyst Jill Schlesinger discusses how American consumers are helping to boost the economy. The latest numbers show economic growth doubled to an annual rate of 2.8% in the last three months from 1.4% in the first quarter of…
More U.S. employers are dangling benefits to attract job applicants, a trend that could especially buoy workers in sectors that traditionally don’t offer them. Nearly 60% of posted job ads list one or more benefits, up more than 50% from 2020. That’s according to a new analysis by career services firm Indeed.com, which tracked the…
The nation’s economy remains robust as the latest GDP data shows growth at a 2.8% annual rate, far exceeding economists’ expectations of a weaker 1.9% annual pace of growth. Consumers and businesses helped drive growth despite the pressure of continually high interest rates. Thursday’s report from the Commerce Department said the gross domestic product —…
Stuck at the airport after your flight has unceremoniously been canceled? Many travelers found themselves in just such a predicament when Delta and other U.S. airlines scratched thousands of flights following an epic computer fail caused by a faulty software update. The ensuing outage threw airlines into chaos, leaving passengers scrambling to get to their…
How a glitch crippled tech operations worldwide How the CrowdStrike glitch crippled operations across the globe 01:41 CrowdStrike on Wednesday released more details about the cause of Friday’s technology outage, which crippled Microsoft Windows computers around the world and disrupted airlines, hospitals, banks and other businesses. The cybersecurity company blamed a bug in a program…
Wendy’s sparks conversation about dynamic pricing in other industries Wendy’s sparks conversation about dynamic pricing in other industries 04:07 Federal regulators want to know how JPMorgan Chase, Mastercard and other companies may use people’s personal data to sell them a product at a different price than what other consumers might see. The practice — which…
Delta Air Lines is under investigation by the U.S. Department of Transportation’s Office of Aviation Consumer Protection as the airline scraps hundreds of flights for a fifth straight day after a faulty software update from cybersecurity company CrowdStrike took down Microsoft systems around the world. While the outage impacted many businesses, from retailers to airlines, most have…
Stellantis recalls more than 330,000 vehicles because of faulty seat belt sensor Stellantis recalls more than 330,000 vehicles because of faulty seat belt sensor 00:25 U.S. auto safety regulators are investigating complaints that some Ram pickup trucks and Jeep Wagoneer SUVs can lose power, shift into park and apply the emergency brake. The probe announced…
The online ordering system at Starbucks went down on Friday as the coffee chain joined the ranks of companies affected by a global Microsoft outage that caused turmoil across multiple industries, from airlines to healthcare. The Microsoft outage was sparked by a software update that global cybersecurity firm CrowdStrike sent to the tech giant. While the two…
CrowdStrike, a cybersecurity firm headquartered in Austin, Texas, is linked to the Microsoft outage affecting airlines, banks and other businesses worldwide on Friday. The company provides antivirus software to Microsoft for its Windows devices, and many industries globally — from banking to retail to health care — use the company’s software to protect against breaches and hackers….
Pharmacist Mark Mikhael has lost 50 pounds over the past 12 months. He no longer has diabetes and finds himself “at my ideal body weight,” with his cholesterol below 200 for the first time in 20 years. “I feel fantastic,” he said. Like millions of others, Mikhael credits the new class of weight loss drugs….
Adidas has pulled its ad featuring supermodel Bella Hadid from its campaign for running shoes inspired by a design dating back to the time of the 1972 Munich Olympics. The German-based sportswear company drew criticism from Israel for including Hadid in the advertising for the retro SL72 shoes, which it describes as a “timeless classic.”…
Thousands of workers at Disney’s theme parks and resorts in Southern California announced late Friday night that they have authorized a strike, citing alleged unfair labor practices during recent contract negotiations. Four unions representing more than 14,000 workers at Disneyland, Disney California Adventure, Downtown Disney and Disney-owned hotels announced the walkout, saying its members overwhelmingly…
As former President Donald Trump stretches his lead at the polls over President Joe Biden, investors are already laying bets on what Trump’s return to power could mean for the U.S. economy, stock prices, and individual industries and companies. Wall Street has dubbed such market moves the “Trump trade.” A Trump presidency would bring “important…
Air travel is experiencing disruptions across the globe on Friday morning due to a Microsoft outage for customers of its 365 apps, including many major airlines. In the U.S., more than 1,000 flights had been canceled as of 8 a.m. Eastern Time, while more than 1,700 flights have been delayed, according to FlightAware, a flight…
7/18: CBS Morning News 20:28 Bissell is recalling more than 3.5 million steam cleaners sold across the U.S. and in Canada because the handheld products can spew hot water or steam, potentially burning users, the company said Thursday in a notice posted by the Consumer Product Safety Commission. The recall involves multiple models of the Bissell Steam…
Navigating student loan relief Navigating student loan relief 04:16 The Biden administration on Thursday said it is forgiving $1.2 billion in student debt for 35,000 borrowers who work in public service, ranging from teachers to firefighters. The announcement marks the latest round in government loan relief after the Supreme Court last year blocked President Joe Biden’s…
Sotheby’s has auctioned off the skeleton of a stegosaurus named Apex, billed as “the finest for Stegosaurus to ever come to market,” for almost $45 million, a record. The sale price far exceeds the estimate of $4 million to $6 million that Sotheby’s had assigned to the lot. Described as a mounted Stegosaurus skeleton, the…
Fashion label Supreme will be sold to Ray-Ban maker EssilorLuxottica for $1.5 billion in cash, Supreme’s current parent company, VF Corporation, said Wednesday. The popular skate brand will be added to EssilorLuxottica’s portfolio of companies, which include sunglass brands Oakley and Ray-Ban. Founded by James Jebbia in 1994, Supreme has built cachet and a loyal…
The Biden administration is proposing a new way to keep rents around the U.S. from soaring: limit corporate landlords to annual rent increases of no more than 5%, or else they would lose a major tax break. The proposal comes as many households across the U.S. struggle to afford rents, which have surged 26% nationally…
Fallout from major pharmacy chain closures Major pharmacy chain closures disproportionately affecting low-income neighborhoods 03:41 Rite Aid has identified additional stores targeted for closure, as the ailing pharmacy chain looks to exit bankruptcy after winning court approval for a restructuring plan late last month. Rite Aid filed for Chapter 11 protection in October 2023 and…
U.S. inflation is cooling faster than expected, but will consumers feel it? U.S. inflation is cooling faster than expected, but will consumers feel it? 03:16 Even as inflation continues to cool into the second half of 2024, many Americans say they’re still struggling to make ends meet. Roughly one-third of U.S. workers say they’re living…
NYC DOT releases Beastie Boys Square street signs in honor of album anniversary NYC DOT releases Beastie Boys Square street signs in honor of album anniversary 00:29 Brinker International tried to ill without license, according to a new lawsuit filed by iconic rap group The Beastie Boys. The Beastie Boys are suing the parent company…
Cybercriminals are launching websites to try to sell fake tickets to the Paris 2024 Summer Olympic Games and looking for other ways to scam unsuspecting tourists. They’re pouncing on the opportunity to dupe hopeful spectators into believing they’re paying for access to sporting events, when in reality, the criminals are just after consumers’ credit card…
Delta Air Lines on Friday issued an apology after it echoed the sentiment of a social media post disparaging staffers wearing Palestinian flag pins on their uniforms. An X user posted images of two Delta employees wearing the pins, suggesting that the imagery made the traveller uncomfortable. “Since 2001 we take our shoes off in…
The 2024 Wimbledon Championships kicked off June 24, with first-round competitors beginning their bids for a place in the draws’ finals. Last year’s men’s singles champion Carlos Alcaraz has advanced to the finals, after defeating Daniil Medvedev in the second-to-last round Friday. He’ll face off against Novak Djokovic in the finals Sunday. In 2023, the…
If you’re one of AT&T’s cellular customers, you can check your account to see if your data was compromised as part of the massive breach the telecom giant announced on Friday. If you were an AT&T customer between May 1, 2022 to Oct. 31, 2022, it’s likely your data was involved, given that the company…
Hacker group claims Florida Department of Health data breach Hacker group claims Florida Department of Health data breach 00:21 AT&T on Friday disclosed that hackers had accessed records of calls and texts of “nearly all” its cellular customers for a six-month period between May 1, 2022 to Oct. 31, 2022. In its statement, AT&T said…
Each year, the Social Security Administration adjusts its benefits to account for inflation, providing an annual cost-of-living increase that’s meant to offset rising prices. This year, the program’s 67 million recipients may see their smallest boost since 2021. The 2025 cost-of-living adjustment is projected to come in around 2.63%, the Senior Citizens League, an advocacy…
Yellen says increased IRS audits to focus on the very wealthy Yellen says increased IRS audits to focus on the very wealthy 02:39 The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who owe the…
Hartford, Connecticut — home to the Mark Twain House, the nation’s oldest active newspaper and several giant insurers — is also where you’ll find the fastest growing rent in the U.S. Typical rent in the Northeast city, which is $1,871 a month as of July, has skyrocketed 7.8% year over year, according to online real…
Amazon is dangling a $20 credit for some customers ahead of its annual Prime Day event, scheduled this year for July 16-17. But the online retailer notes that consumers must take certain steps to claim the credit before July 13. The $20 credit is available to Prime members who back up at least one photo…
More on the Saudi Arabia, 9/11 lawsuit Breaking down the Saudi Arabia, 9/11 lawsuit 03:47 Delta Air Lines said Tuesday it has entered into a partnership with startup Riyadh Air with the goal of operating flights between the United States and Saudi Arabia. Riyadh Air, which plans to begin passenger flights next summer, is backed…
Designer’s floral patterns become newest forever stamp Designer’s floral patterns become newest forever stamp 02:15 Starting next week, the price of a “Forever” stamp will increase by a nickel to 73 cents, the second time the United States Postal Service has raised the cost of postage this year. The price of a Forever stamp has…
Target tells its customers to expect more while paying less — but soon, its shoppers won’t be able to purchase anything at all with a once-popular form of payment. The retail giant said in a statement that it will stop accepting personal checks as payment starting July 15. The change, which was earlier reported by…
Where and when Beryl will hit Texas Where and when Beryl will hit Texas 01:12 More than 1,300 U.S. flights were canceled early Monday as airlines grapple with the impact of Hurricane Beryl making landfall in Texas. Another roughly 700 flights were delayed, according to flight tracking website FlightAware. Most of the affected flights are those…
Every two seconds a Boeing 737 takes off or lands somewhere around the world. For over a century Boeing airplanes have embodied American engineering prowess – a confidence colloquially expressed in the saying, “If it ain’t Boeing, I ain’t going.” “It was pride in our country’s iconic manufacturer; there were no boundaries on it for…
As countries around the world experiment with shorter work weeks, Greece has taken a step in the opposite direction — introducing a six-day work week for some businesses that operate on a 24-hour basis. The six-day work week is allowed according to new legislation that went into effect on July 1, according to CBS News’ partner…
What can women do to stay in good health for the long run? What can women do to stay in good health for the long run? 04:13 More than a dozen metals — including lead and arsenic — showed up in a broad array of tampons sold across the U.S. and Europe, raising concerns about…
The Transportation Security Administration said it expects a record number of travelers at U.S. airports on Sunday as the agency braces for what is projected to be a crush at security checkpoints. More than 32 million people are forecast to pass through TSA screening between June 27 and July 8, according to the agency, a…
A look into the rights for airlines consumers A look into the rights for airlines consumers 02:20 U.S. Transportation Department officials last year were up to their necks in complaints submitted by air travelers over everything from delays and cancellations to accommodations for disabled passengers. The agency reported on Friday that it received nearly 97,000 submissions…
7/3: CBS Morning News 19:56 Hatch is recalling nearly 1 million power adapters sold with Rest 1st Generation sound machines because their plastic housing can detach, posing an electrical shock hazard to users, the sleep device maker said in a notice posted by the U.S. Consumer Product Safety Commission. About 919,000 of the recalled products…
Saks Fifth Avenue merging with Neiman Marcus in $2.65 billion deal Saks Fifth Avenue merging with Neiman Marcus in $2.65 billion deal 00:26 Saks Fifth Avenue parent Hudson’s Bay Company is acquiring Neiman Marcus for $2.65 billion, the privately-held upscale retailers said Thursday in a joint announcement. The combined entity, to be called Saks Global,…
Record-breaking travel expected for July 4th More than 70 million people expected to travel for July 4th 03:41 July 4th has arrived and millions of people plan to celebrate the nation’s independence simply by having fun with family and friends. For many Americans, the festivities will most likely include hosting a barbecue or attending one….
New EPA vehicle standards aimed at cutting carbon emissions New EPA vehicle standards aimed at cutting carbon emissions 02:15 General Motors will pay a penalty of almost $146 million and forfeit emissions credits to settle allegations that nearly 6 million of its vehicles released more pollution than the automaker reported, federal officials said in a statement on…
The carnage left by Hurricane Beryl in the Caribbean this week is a stark reminder of the destruction such storms can wreak on entire communities. And with meteorologists expecting an above normal Atlantic hurricane season this year, nearly 33 million homes from Texas to Maine could face danger from the savage winds, storm surges and…
About half of Americans still think the American Dream — the idea that anyone can get ahead through hard work and determination — is achievable, according to findings released Tuesday by Pew Research Center. While 53% say the American Dream remains possible, another 41% believe the life of relative economic security the notion once conjured…
Grilling tips for the July 4 holiday Grilling tips for the July 4 holiday 04:35 Police have arrested and charged the ex-senior banker who resigned from his job at boutique firm Moelis & Co. after a viral video showed him punching a woman in Brooklyn in June. Jonathan Kaye, 52, a former Moelis managing director,…
Positive thinking wasn’t enough to help Chicken Soup for the Soul Entertainment escape a pile of unpaid bills. The publisher of uplifting books, TV, movie and online video content, which also owns DVD rental operator Redbox, on Friday filed for Chapter 11 bankruptcy protection in Delaware court after racking up nearly $1 billion in debt….
Americans have a specific annual income in mind for what it would take to feel financially secure, according to a new survey from Bankrate. The magic number? $186,000 per year. Currently, only 6% of U.S. adults make that amount or more, Bankrate said. The median family income falls between $51,500 and $86,000, according to the…
A steady rain was falling outside Fordyce High School, but that didn’t deter an army of volunteers who raced to hand out jugs of milk and bags of groceries to a line of cars snaked around the parking lot. In the days since a shooter killed four people and injured 11 others at the Mad Butcher…
Biden addresses debate performance at rally Biden addresses debate performance at campaign rally 13:29 The much-anticipated debate on Thursday night between President Joe Biden and former President Donald Trump drew an estimated 51.27 million viewers to the CNN presentation, Nielsen and CNN reported on Friday. The 90-minute debate, hosted by CNN and simulcast on an…
Fifty-five years after a raid on New York City’s Stonewall Inn sparked riots that catalyzed the gay liberation movement and became a cornerstone of modern LGBTQ advocacy, Pride celebrations are bigger and bolder than ever. Meant to commemorate the Stonewall uprising each June, Pride Month in many parts of the world has grown into a four-week…
Emergency room visits up for Americans 65 and older with cannabis poisoning Emergency room visits up for Americans 65 and older with cannabis poisoning 02:12 Prophet Premium Blends is recalling all of its Diamond Shruumz edible products sold nationwide because they contain toxic levels of a chemical found in certain mushrooms consistent with symptoms that…
The CDK Global cyberattack is expected to cut auto dealerships’ vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023. The projected decrease is not reflective of weak demand, but rather the anticipated consequence of some dealerships’ reliance on CDK sales software for transactions. Many dealers have…
Boeing CEO Dave Calhoun testified in front of US senate Boeing CEO Dave Calhoun testified in front of US senate 02:19 Boeing is being sanctioned by the National Transportation Safety Board after breaking an agreement by disclosing non-public details of the agency’s investigation into the Alaska Airlines mid-air door panel blowout. In a letter sent…
A jury in U.S. District Court ordered the NFL to pay nearly $4.8 billion in damages Thursday after ruling that the league violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service. The jury awarded $4.7 billion in damages to the residential class and $96 million in damages to the commercial…
Delta Air Lines this week opened its largest ever airport lounge for its premium passengers at John F. Kennedy International Airport in New York, and the company plans to open similar spaces in major cities across the U.S. Called Delta One, the 39,000-square-foot lounge features a 140-seat bar and restaurant and wellness center complete with serenity…
Colorado prisoners say state is violating anti-slavery law amid forced labor accusations Colorado prisoners say state is violating anti-slavery law amid forced labor accusations 03:22 The era of of telecom providers charging high rates to incarcerated people and their families may soon be over, according to the Federal Communications Commission, with the regulatory agency saying…
Voters feeling frustrated with inflation Voters feeling frustrated with inflation and overall economy 02:11 As consumers cope with lingering inflation, CBS News is tracking the change in prices of everyday household expenses — from food at the grocery store to utilities and even rent — across the country. Drawing from a wide range of government…
The IRS issued a rare apology to billionaire investor Ken Griffin for releasing his tax records to the press, as well as to other taxpayers whose information was breached, the tax agency said in a statement on Tuesday. “The Internal Revenue Service sincerely apologizes to Mr. Kenneth Griffin and the thousands of other Americans whose personal information…
The rule of thumb for people who are 55 and have another decade of work before reaching the traditional retirement age is to have already socked away about eight times their salary in their retirement accounts. But the median savings of today’s 55-year-olds is just $50,000, far from enough to fund a secure old age,…
Stonewall Inn marks Pride Month with fundraiser to fight bills limiting gay rights Stonewall Inn marks Pride Month with fundraiser to fight bills limiting gay rights 01:49 A senior banker at Moelis & Co. has quit his job after a video of him punching a woman in Brooklyn circulated on social media. “Jonathan Kaye has…
6/20: CBS Evening News 19:47 More than half a million JoyJolt brand glass coffee mugs have been recalled after their manufacturer received over 100 reports of the products breaking when filled with hot liquids, leading to multiple users suffering burns or lacerations, according to the Consumer Product Safety Commission. MM Products on Thursday recalled 580,000 JoyJolt…
TikTok has given the world some unusual fads, from cooking chicken in NyQuil to stepping on a pyramid of milk crates. Now, a new trend on the social media platform is catching on with young men who want to achieve a chiseled jawline. A handful of companies — including Stronger Gum, Jawz and Rockjaw — have launched…
What teens and parents should know about the dangers of vaping What teens and parents should know about the dangers of vaping 03:53 The Food and Drug Administration on Friday authorized menthol-flavored electronic cigarettes for adult smokers, the first time the agency has opened the door for vaping companies to sell non-tobacco flavored products. The FDA…
Cleaning up the Great Pacific garbage patch Cleaning up the Great Pacific garbage patch 01:38 Amazon is pledging to drastically cut down on the retailer’s usage of plastic air pillows in packages and replace them with paper filler. Removing 95% of the air pillows is part of Amazon’s broader plan to reduce waste and use…
Bel Air dealership among nationwide businesses impacted by cyberattack Bel Air dealership among nationwide businesses impacted by cyberattack 02:11 Car dealers across the U.S. are floundering after cyberattacks this week on CDK Global, a maker of software used to operate their businesses, made it all but impossible to sell vehicles. Tom Maioli, who owns Celebrity…
Received a package in the mail you didn’t order? You could be a brushing scam victim Received a package in the mail you didn’t order? You could be a brushing scam victim 02:20 A Minnesota woman received a box filled with baby reveal balloons from Amazon. A family in Illinois had dozens of boxes from Temu delivered…
6/20: CBS Morning News 20:03 Vitamix is recalling more than half a million blending containers and blade bases sold at retailers nationwide after reports of more than two dozen lacerations, according to a notice posted Thursday by the Consumer Product Safety Commission. The recall involves all Ascent and Venturist Series 8-ounce and 20-ounce blending containers…
6/20: CBS Morning News 20:03 A Michigan company is recalling about 567,000 portable battery chargers sold at Costco nationwide after 120 reports of the product overheating while charging, with the devices linked to two residential fires. The recall involves myCharge POWER HUB All-In-One 10,000mAh portable chargers with model numbers AO10FK-A, AO10FK-B, and AO10FK-C. The chargers…
Ferrari, the luxury Italian car manufacturer, is planning to make an electric vehicle that will cost more than $500,000, according to a Reuters report. The carmaker’s foray into the EV space comes as many consumers are eschewing fully electric vehicles in favor of cheaper hybrid or diesel cars, with an AAA survey finding 63% of…
What to do if you believe your personal information has been hacked What to do if you believe your personal information has been hacked 03:12 CDK Global, a company that provides auto dealerships across the U.S. with software for managing sales and other services, has been hacked, prompting the company to temporarily shut down most…
Boeing CEO David Calhoun faced tough questioning from lawmakers on Tuesday about the aviation giant’s safety and manufacturing practices, making his first appearance before Congress since a panel blew off a 737 Max during an Alaska Airlines flight in January. Calhoun told the Senate investigations subcommittee that Boeing’s culture is “far from perfect,” but said the…
Nvidia on Tuesday vaulted past Microsoft to become the most valuable publicly listed company in the world, highlighting its place at the forefront of Big Tech. Nvidia’s stock price rose nearly $5, or 3.7%, to $135.77, valuing the AI chip maker at $3.33 trillion, compared with $3.31 trillion for Microsoft and $3.29 trillion for Apple,…
The oldest members of Generation X are turning 59 1/2 this month, the earliest age when workers can start withdrawing retirement assets without a penalty. But many Gen Xers are far from prepared for their golden years, with almost half saying it would take a “miracle” for them to be able to retire, according to…
Micro community opens in Overland Park neighborhood Micro community opens in Overland Park neighborhood 01:56 In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home. The gated micro community known as “The Melody” doesn’t look…
In the history of U.S. corporate pay packages, there have been plenty of massive payouts worth almost $1 billion in today’s dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to CEO Elon Musk. The results of the shareholder vote, which concluded today, were announced during Tesla’s annual meeting, prompting…
Pride Month library exhibit features challenged LGBTQ+ books Pride Month library exhibit features challenged LGBTQ+ books 04:34 Alan Gratz’s children’s book “Ban This Book” was published in 2017. Seven years later, his novel for kids ages 8 and older is at the center of a debate over book banning after a Florida school district last…
6/12: CBS Evening News 19:48 Tesla CEO Elon Musk said late Wednesday that the electric vehicle company’s shareholders were voting to approve his multibillion-dollar pay package by “wide margins,” in a post on his social media platform X ahead of the vote’s conclusion. “Both Tesla shareholder resolutions are currently passing by wide margins!” Musk wrote,…
Alamo Drafthouse, the dine-in movie theater chain that faded during the pandemic before declaring bankruptcy three years ago, has a fresh lease on life after finding a new corporate owner. Sony Pictures said Wednesday it has purchased Alamo and will keep its 35 locations open. The theater, whose headquarters will remain in Austin, Texas, will be folded into a new…
6/11: CBS Morning News 20:26 Johnson & Johnson has agreed to pay $700 million in a nationwide settlement resolving allegations that it misled customers about the safety of its talcum-based powder products in its marketing. “Consumers rely on accurate information when making decisions about which products to purchase for their families,” Illinois Attorney General Kwame…
Florida gas prices are now the lowest since February Florida gas prices are now the lowest since February 00:24 Gas prices are falling across the nation, a pleasant surprise for U.S. drivers as fuel prices typically surge this time of year. The average price for regular unleaded gas in the U.S. was $3.44 per gallon…
Toxic algae blooms create unsafe water condition for humans and pets across SoCal Toxic algae blooms create unsafe water condition for humans and pets across SoCal 02:30 Before you dig into that platter of freshly shucked oysters or baked clams at your favorite seafood restaurant, better make sure you know from where the shellfish originated. …
Apple’s annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant. That’s because CEO Tim Cook…
What is a college grad’s life without debt? – CBS News Watch CBS News Total student loan debt in the United States is now nearly $1.8 trillion, and experts say young people are delaying buying homes and starting families because of it. So, what could the lives of students look like when they graduate debt-free?…
Back in 2019, Freddie Williams Jr. had a lot on his mind at his college graduation: “That’s when, you know, it started really kicking in – hey, this is how much you owe, you’re gonna have to start paying this back,” he said. Growing up on the south side of Chicago, he had dreamed of…
Here are your new rights as airline passengers Here are your new rights as airline passengers 02:09 Marketing in the friendly skies is getting personal, with United Airlines now displaying targeted ads on seat-back screens as the carrier looks to cash in on customer data. United passengers who toggle through the in-flight film and TV…
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling “junk fees in mortgage closing costs.” These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home. Here’s a deeper dive…
There’s been a noticeable change at the Ford F-150 plant in Dearborn, Michigan. Production manager Cortni Reeves said that on one particular day, one out of every seven trucks is a hybrid. “Every 53 seconds,” she said, “we have a truck come off this assembly line.” A year ago, only one out of 10 trucks…
Bark Air, a new airline for dogs, set to take its first flight Bark Air, a new airline for dogs, set to take its first flight 00:46 Local officials in New York have filed a lawsuit against Bark Air, an airline geared to dogs, alleging it violates airport usage restrictions in Westchester County. The suit…
The U.S. job market is starting to resemble what it looked like before the pandemic upended work and life around the globe. With the Department of Labor set to release May employment data on Friday, analysts forecast that employers added 180,000 jobs last month. That would amount to a cooler pace of hiring than in…
Prices for new or used cars may have fallen in the past year, but the overall cost of owning a vehicle is growing even more expensive. That’s because extra costs associated with having a car, like interest rates on auto loans and insurance, have been climbing. The average interest rate on a six-year auto loan…
When it comes to driving a safe SUV, size matters, but some larger models offer more protection than others, according to the Insurance Institute for Highway Safety, or IIHS. Case in point: the Jeep Wagoneer is the only one of three popular large SUVs to qualify for a 2024 Top Safety Pick award, which is…
Is the dollar menu making a comeback? Is the dollar menu making a comeback? 00:53 McDonald’s lost a European Union trademark dispute over the Big Mac name after a top European Union court sided Wednesday with Irish fast-food rival Supermac’s in a long-running legal battle. The EU General Court said in its judgment that the…
AT&T on Tuesday evening said it had resolved an issue preventing customers from completing calls placed to non-AT&T customers across the U.S. The telecommunications company earlier Tuesday confirmed there was “a nationwide issue that is affecting the ability of customers to complete calls between carriers. The carriers are working as quickly as possible to diagnose…
A photo, a voice message, an article of clothing. A video of a distant moment in time. Until now, static keepsakes such as these were all mourners had to cling to when grieving the loss of a loved one. Now artificial intelligence opens the door to a host of legacy services aimed at keeping friends…
More than 5,800 postal workers were bitten by dogs last year, with the average insurance claim topping $64,000, according to the USPS.
High temperatures will do more than beat down American bodies this summer: They’ll hit their wallets hard, too. The financial burden on families of cooling their homes will jump nearly 8% across the United States, from an average cost of $661 from June through September to $719, according to projections from the National Energy Assistance…
Rupert Murdoch, 93, has married for the fifth time, his corporation, News Corp, confirmed Sunday. Murdoch, the media mogul who recently stepped down as chairman of Fox News and News Corp, married Elena Zhukova, a 67-year-old Russian-born retired molecular biologist, on Saturday in a ceremony at his vineyard estate in Bel Air, California. Photographs of the newly…
Vermont has passed a first-in-the-nation law that will require “Big Oil” to pay for damage caused by climate change, the long-term shift in weather patterns that is heavily influenced by fossil fuel emissions. Vermont Gov. Phill Scott sent a letter to the state’s General Assembly on Thursday allowing the measure, which proposes to establish the…
Consumers turn to store brands amid inflation Consumers turning to store brands amid inflation 03:58 Rest assured, Costco and wiener fans — despite inflation having driven up the cost of groceries to their highest level in years, the budget retailer has no plans to raise the price of its fabled $1.50 hot dog combo special….
The nation’s largest broadband affordability program is coming to an end due to a lack of congressional funding. The Federal Communications Commission is reluctantly marking the end, as of Saturday, of a pandemic-era program that helped several million low-income Americans get and stay online. Created in December 2020, what became the Affordable Connectivity Program, or…
The Romance Writers of America filed for bankruptcy protection this week following several years of infighting and allegations of racism that fractured the organization, causing many of its members to flee. The Texas-based trade association, which bills itself as the voice of romance writers, has lost roughly 80% of its members over the past five…
Google on Thursday admitted that its AI Overviews tool, which uses artificial intelligence to respond to search queries, needs improvement. While the internet search giant said it tested the new feature extensively before launching it two weeks ago, Google acknowledged that the technology produces “some odd and erroneous overviews.” Examples include suggesting using glue to…
Most of the 4 million students who are graduating from college in the U.S. this year will face a challenging labor market as they search for their first jobs. On the bright side, 32% of all the job openings posted on LinkedIn are for entry-level positions, meaning suitable for candidates with little or no work…
Consumer Reports to deliver petitions to General Mills over plastic chemicals Consumer Reports to deliver petitions to General Mills over plastic chemicals 00:31 Consumer Reports is continuing to sound the alarm on plastic chemicals in food, with the advocacy group again targeting General Mills for producing a range of products found to contain risky and…
Based on her medical condition, Grace Song had been labeled a fall risk by the Southern California nursing home where the 92-year-old spent a month earlier this year. So it was a surprise to her family when they learned she was left alone in the bathroom, fell, and was rushed to the emergency room. “This…
Walgreens said Wednesday it is lowering prices for the summer and beyond on 1,300 items, including snacks and feminine products, joining Michaels, Target and other retailers looking to cater to inflation-weary consumers. Retailers have rolled out price cuts — some permanent, others temporary — with the stated aim of giving their customers some relief. The…
Insurance companies are hiking the cost of homeowners coverage to offset the growing risk posed by powerful storms of the kind that ripped across five states over the Memorial Day weekend. The storms left a trail of destruction in Arkansas, Kentucky, Oklahoma, Texas and parts of Virginia, leveling homes and killing at least 23 people. The increasing…
Severe weather rocks NYC area with thunderstorms and hail Severe weather rocks NYC area with thunderstorms and hail 08:01 Amtrak passengers traveling in the Northeast Corridor, between Washington and Boston, should check the rail service’s app or online site for schedule changes, with modifications already in play this summer due to the heat. Departure times…
A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk’s xAI. The company said on its website Sunday that the Series B funding round will be used to take xAI’s first products to market and speed up research. xAI said it has made “significant strides” during the…
Here’s how to protect yourself against scammers, according to Pennsylvania State Police Here’s how to protect yourself against scammers, according to Pennsylvania State Police 01:55 If someone reaches out purporting to be a member of Geek Squad’s tech support team, they could be an imposter trying to take your money. Electronics retailer Best Buy and…
Vincent Wasney and his fiancée, Sarah Eberlein, had never visited the ocean. They’d never even been on a plane. But when they bought their first home in Saginaw, Michigan, in 2018, their real estate agent gifted them tickets for a Royal Caribbean cruise. After two years of delays due to the coronavirus pandemic, they set…
Thousands of student athletes — both past and present — are in line to receive their share of a $2.8 billion settlement resolving an antitrust lawsuit against the National Collegiate Athletic Association and the nation’s five biggest conferences. The challenge now will be deciding how much each player gets and why. The complaint, filed in Northern California…
The Transportation Security Administration announced it screened more than 2.95 million airline passengers on Friday, setting a new record for a single day. In a post on X, formerly known as Twitter, the agency said Saturday that it screened 2,951,163 individuals at airport checkpoints nationwide on Friday, surpassing the previous record of 2,907,378 set on…
Returned products on sale at bin stores Returned Amazon, Walmart products on sale at bin stores 03:59 Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards. The companies announced the change in a joint statement Friday. The companies said card-holders can still use…
Having friends and family over for a Memorial Day barbecue will cost you more this year, with the price of many grilling staples having risen even more sharply than that of other groceries. Americans will pay an average of just over 10% more this year than in 2023 for barbecue basics including ground beef, hot…
Frontier Airlines is taking a stand against passengers whom it claims are feigning disability to request wheelchair services and skip ahead of other customers in airport security and aircraft boarding lines. The airline’s CEO, Barry Biffle, addressed the topic at an industry luncheon Thursday. “There is massive, rampant abuse of special services. There are people…
Free diaper distribution in McKeesport Free diaper distribution in McKeesport 01:54 Low-income parents and caregivers in Delaware and Tennessee are getting a lifeline to help curtail one of the most common medical conditions for babies: diaper rash. Both states have received federal approval to provide free diapers through their Medicaid programs, according to federal and…
Southwest Airlines fares are now appearing on Google after long being excluded from the search engine’s search results. The Dallas-based carrier had previously omitted its fares from searches on Google Flights and from online flight aggregators like Expedia.com, preferring for customers to find tickets mostly through its own website. As of Wednesday, Southwest’s fares were…
The Justice Department is set to file an antitrust lawsuit against entertainment conglomerate Live Nation as early as Thursday, multiple sources familiar with the matter confirmed to CBS News. The federal government will be joined in its legal challenge by several state attorneys general. Prosecutors are expected to challenge the Ticketmaster parent company’s practices and…
Regulators are playing catch up with the burgeoning “buy now, pay later” business. Providers of the increasingly popular point-of-sale loans must now offer some of the same protections afforded to credit card users, including the right to dispute charges and demand refunds for returned purchases, the Consumer Financial Protection Bureau announced on Wednesday. The agency,…
Teenagers might yearn to drive flashy sports cars or hulking SUVs, but none of these vehicles make the cut for Consumer Reports’ list of the best vehicles for young drivers. That’s because Consumer Reports, along with the Insurance Institute for Highway Safety (IIHS), screened cars for safety with teen drivers in mind, meaning that any…
Wendy’s is the latest chain to offer customers a discounted deal as even fast food — once a reliably cheap way to eat — has become too pricey for many Americans. On Monday, Wendy’s announced a new breakfast combo of potatoes plus an egg sandwich for $3, as other burger chains and food retailers try…
A troubling trend in the cost of buying a home A troubling trend in the cost of buying a home 02:15 Why was Naples, Florida, just ranked the best place to live in the U.S.? It has much to do with the beachfront city’s job prospects and overall quality of life for residents, according to…
Direct-to-consumer pharmaceutical startup Hims & Hers Health said it is selling injectable GLP-1 weight loss drugs for a fraction of the cost of brand-name competitors such as Wegovy and Ozempic. Following the announcement, shares of the telehealth company soared more than 30% Monday. Hims & Hers will provide patients with compounded GLP-1 drugs that start at…
5/19: Sunday Morning 01:03:32 Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, has died. Seattle-based Nordstrom Inc. said its former chairman died at his home on Saturday. He was 90. “Our dad leaves a powerful legacy as a legendary business leader, a generous…
Bidet sales are flush with success – CBS News Watch CBS News Bidets are common in Asia but are only just now catching on in America. Contributor Kelefa Sanneh finds out what’s behind this recent stateside surge in interest and checks out some of the options from Toto, the global leader in bidet sales. Be…
President Biden’s move to quadruple tariffs on Chinese electric vehicles isn’t meant to head off any potential national security threats posed by internet-connected vehicles made in China, but some political leaders in the president’s own party think those concerns shouldn’t be overlooked. The tariff hike was designed to keep China from undercutting U.S. automakers with…
The Dow closed above 40,000 points for the first time on Friday in a quiet day on Wall Street, with investors taking cheer in strong corporate profits and signs that inflation is cooling. The Dow Jones Industrial Average, which was launched in 1896, tracks the stocks of 30 major “blue-chip” companies generally regarded as low-risk…
Apple event announces a new line-up of products and software updates Apple event announces a new line-up of products and software updates 02:43 A cheeky new Samsung advertisement makes light of a recent Apple ad for its iPad Pro that was widely panned as insensitive and out of touch. The Apple spot featured a hydraulic…
TikTok is testing letting users upload videos that are 60 minutes long as it experiments with longer form content. The feature is in a trial phase, and only a small number of randomly selected users have access to it, TikTok told CBS MoneyWatch. The company added that it has no immediate plans to roll the…
5/16: CBS Morning News 20:34 The deadline is approaching to register to receive a piece of Apple’s $35 million settlement with iPhone 7 or 7 Plus users who experienced audio issues with their device’s microphone. Those eligible to make a claim can be awarded $50 to $349 from the tech giant. The settlement is restricted…
Wall Street advanced into uncharted territory on Thursday, with the Dow Jones Industrial Average topping 40,000 for the first time after a blowout earnings report from Walmart cast a positive light on the U.S. economy. “The more important messaging from achieving one of these milestones is that corporate America is in pretty good shape,” said…
Roughly half of frontline warehouse workers at Amazon are having trouble making ends meet, a new report shows. The study comes five years after the online retailer raised minimum hourly wages to $15. Fifty-three percent of workers said they experienced food insecurity in the previous three months, while 48% said they had trouble covering rent or housing…
Honda recalling more than 2 million cars Honda recalling more than 2 million cars, latest in series of automotive industry issues 03:50 Honda is recalling about 187,000 of its Ridgeline pickup trucks because the rearview camera in those vehicles may stop working in cold, wintry weather. Rearview camera wiring on the vehicles is susceptible to…
Meta launches new AI assistant Meta launches new AI assistant with Llama 3 model 03:33 Facebook-owner Meta said Tuesday it is shutting down its business-focused Workplace app to focus on artificial intelligence and metaverse. The company said it believes the AI and metaverse technologies it is developing “will fundamentally reshape the way we work” as…
President Joe Biden is expected to announce new tariffs Tuesday on Chinese EVs, semiconductors, batteries, solar cells, steel and aluminum. The tariffs on EVs will rise to 100%, quadrupling the current tariff of 25%, according to a source familiar with the tariffs. This is the latest bid by the Biden administration to keep China from…
3 powerful women want to end child marriage 3 of the world’s most influential women want to end child marriage within a generation 05:37 Billionaire philanthropist Melinda French Gates is stepping down from the Bill & Melinda Gates Foundation, the charitable organization that she co-founded in 2000 with her now ex-husband, Microsoft co-founder Bill Gates. …
A federal judge in Texas has blocked a new government rule that would slash credit card late-payment charges, a centerpiece of the Biden administration’s efforts to clamp down on “junk” fees. Judge Mark Pittman of the U.S. District Court for the Northern District of Texas on Friday granted an injunction sought by the banking industry and other…
New numbers show California’s fast food wage increase’s impact on prices New numbers show California’s fast food wage increase’s impact on prices 02:40 McDonald’s is considering adding a $5 meal to its menu across the U.S. as a way to coax customers back into its restaurants, according to a source familiar with the plans. The…
Buy one, get one free! Spend more to get free shipping! Save 10% with this special discount code! They’re the kind of sales pitches consumers often find impossible to resist. Yet spending money to save it — or “spaving,” as the practice has come to be called, rarely benefits the consumer. Instead, retailers’ clever marketing…
Some anti-abortion rights groups are selling a procedure called “abortion pill reversal,” which they claim can help women halt medical abortions. That claim is now being challenged by state officials who allege the groups are veering into false advertising and fraud. Heartbeat International, an anti-abortion rights group, and 11 other anti-abortion organizations were sued Monday…
Bill Thompson’s wife had never seen him smile with confidence. For the first 20 years of their relationship, an infection in his mouth robbed him of teeth, one by one. “I didn’t have any teeth to smile with,” the 53-year-old of Independence, Missouri, said. Thompson said he dealt with throbbing toothaches and painful swelling in…
Investigation into Ford crashes involving Blue Cruise partially automated driving system Investigation into Ford crashes involving Blue Cruise partially automated driving system 06:15 Federal regulators are questioning the method that Michigan automaker Ford took to repair thousands of SUVs it recalled early last month. In April, Ford recalled nearly 43,000 Bronco Sports and Escapes SUVs because gasoline…
Hyundai and Kia’s American financing arm repossessed more than two dozen vehicles leased by U.S. military service members without first getting court orders, as legally required, federal prosecutors alleged on Wednesday. Hyundai Capital America, a wholly-owned subsidiary of Hyundai Motor America and Kia America, violated the Servicemembers Civil Relief Act between 2015 and 2023 by…
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. In an anticipated amended Plan of Reorganization filed in a U.S. bankruptcy court late Tuesday, the exchange estimates that it has between $14.5 billion…
Americans are addicted to caffeine but not to Starbucks, it seems. When Chicago writer Natalia Nebel steps out for an espresso, for instance, Starbucks no longer comes to mind, even though she lives within walking distance to two of the coffee chain’s more than 17,000 U.S. stores. “I used to go all the time and…
Potential TikTok ban signed into law Potential TikTok ban signed into law 06:08 Washington — TikTok, the widely popular social media app, and its parent company ByteDance filed a lawsuit against the Justice Department on Tuesday over a new law that requires it to cut ties with its China-based owner within a year or be…
Do’s and dont’s on packing a lunchbox Do’s and dont’s on packing a lunchbox 04:55 A range of white confectionary products sold nationwide is being recalled because the treats could be contaminated with salmonella, a potentially dangerous bacteria, an Iowa company said Monday. The recalled items were sold in retailers including Dollar General, HyVee, Target…
USDA: 96% test kitchen participants failed to wash hands properly USDA: 96% test kitchen participants failed to wash hands properly 02:05 Hormel Foods is recalling two Planters products — peanuts and mixed nuts — shipped to Dollar Tree and Publix warehouses in five states because they may be tainted with listeria. Produced at one of…
How to get your resume past AI How to get your resume past AI and in front of a human 04:48 What do Australia, Canada, the U.K. and the U.S. have in common beyond a common tongue? Try a dearth of nurses, mechanics and electricians. That’s according to a recent analysis by career site Indeed.com that ranks…
How the IRS is using artificial intelligence to make sure people aren’t playing the system How the IRS is using artificial intelligence to make sure people aren’t playing the system 02:08 The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into…
Warren Buffett’s Berkshire Hathaway gathered for its first annual meeting in an Omaha arena on Saturday, bringing together shareholders for the first time since the death of longtime vice chairman and right-hand man Charlie Munger. Tens of thousands of shareholders filled the arena eager to vacuum up tidbits of wisdom from billionaire Buffett, who famously dubbed…
Taste It Tuesday: Candied fruit Taste It Tuesday: Candied fruit 02:49 Walgreens is now a candy destination, thanks to TikTok. The pharmacy chain said it is ramping up production of Walgreen’s Nice! Gummy Mango peelable candy, and limiting online sales to one bag per customer due to high demand for the squishy treats, fed by…
BF Borgers, the independent accounting firm for Trump Media & Technology Group, is facing allegations of “massive fraud” from the Securities and Exchange Commission, which on Friday claimed the auditor ran a “sham audit mill” that put investors at risk. The SEC said Borgers has been shut down, noting that the company agreed to a…
Hiring across the U.S. slowed in April, a sign the Federal Reserve’s efforts to shackle economic growth and curb inflation is chilling the labor market. American employers added 175,000 jobs last month, well below expectations of roughly 232,000 and off dramatically from the blockbuster job creation in March, when employers added a surprising and upwardly revised…
Connected fitness company Peloton, known for its tech-enabled stationary bikes and treadmills, has cycled through yet another chief executive. On Thursday, the beleaguered company announced Peloton CEO Barry McCarthy is stepping down from his roles as company CEO, president and board director. He will be succeeded by interim co-CEOs Karen Boone and Chris Bruzzo, both…
The history of Italian Beef The history of Italian Beef 03:13 A food distributor in Pennsylvania is recalling about eight tons of ground beef because the meat might contain E. coli. Packages of the beef, produced last month by Cargill Meat Solutions, were shipped to Walmart locations nationwide, according to a recall notice from the…
Unruly behavior on airplanes can lead to hefty fines for passengers. Just ask Alexander Michael Dominic MacDonald, from Chelmsford, England, who this week was ordered to pay $20,638 to United Airlines for his outbursts on a flight from London to Newark, New Jersey, in March. The incident kicked off when MacDonald, 30, was having a…
The CEO of UnitedHealth Group on Wednesday defended his unilateral decision to pay ransom in the midst of a major cyberattack against the company earlier this year. In February, a Russia-based hacker group infiltrated the computer system of UnitedHealth subsidiary Change Healthcare in an attack that shut down operations at hospitals and pharmacies for more than a…
Federal Reserve to discuss interest rates at they remain at 23-year high – CBS News Watch CBS News CBS News business analyst Jill Schlesinger breaks down what to know as the Federal Reserve is set to meet to discuss interest rates that remain at a 23-year high since last summer. Be the first to know…
Washington — Americans over 60 years of age fell victim to so-called elder fraud crimes more frequently last year than during any other year and accounted for an estimated $3.4 billion in total reported losses, according to a newly released FBI report. Reports of criminal schemes targeting seniors in the U.S. increased by 14% between…
Voters’ impressions of how good each presidential candidate is for the economy could determine the outcome of the 2024 Presidential election. In Michigan, Pennsylvania and Wisconsin, where President Joe Biden and former President Donald Trump are engaged in close contests, most voters said the economy will be a major factor in deciding whom they will…
A pistol that the notorious Prohibition-era gangster Al Capone nicknamed “sweetheart” is once again up for auction. This time, prospective buyers can place bids in South Carolina on the weapon that Capone’s family members credit with routinely protecting his life, after a Greenville-based auction house acquired what is now considered by some to be an…
A cosmetic process known as a “vampire facial” is considered to be a more affordable and less invasive option than getting a facelift, but the process can be a serious health hazard if done in unsanitary conditions, according to a new report. That proved to be the case for three women who likely contracted HIV…
A pocket watch that belonged to the wealthiest passenger aboard the Titanic is up for auction and could sell for as much as 150,000 pounds, or nearly $190,000. The auction for John Jacob Astor IV’s 14-carat gold Waltham pocket watch begins Saturday, with a starting bid of 60,000 pounds, according to auction house Henry Aldridge…
The United Auto Workers union announced it reached a last-minute tentative agreement with truck and bus manufacturer Daimler Truck, averting a potential strike of more than 7,000 workers. The union struck a four-year agreement with the German company on Friday evening, just before the expiration of the previous contract, which was enacted six years ago….
More than 70% of Americans say a rewarding career or job is extremely important for them to live a fulfilling life — more important than family, friends or wealth. CBS News interviewed a broad array of workers who chose unique jobs, for a series we call: Unique jobs, extraordinary lives. Have you ever heard of an intimacy coordinator?…
With the clock ticking on TikTok in the U.S., millions of users, including small business owners, are scrambling to figure out what to do. One of them is Brandon Hurst, who says TikTok has changed his life through his plant delivery business. “It allows me to go live, share who I am, but it also…
Poultry producers will be required to bring salmonella bacteria in certain chicken products to very low levels to help prevent food poisoning under a final rule issued Friday by U.S. agriculture officials. When the regulation takes effect in 2025, salmonella will be considered an adulterant — a contaminant that can cause foodborne illness — when…
Washington — Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency. New limits on greenhouse gas emissions from fossil fuel-fired electric plants are the Biden administration’s most ambitious effort yet to roll back planet-warming pollution from the power sector, the nation’s…
Hearings held on Boeing safety concerns Whistleblower testifies about Boeing safety regulations 03:21 Southwest Airlines is suspending service at some airports across the U.S. as it slows its growth, in part because of Boeing aircraft delivery delays. The airline is set to receive just 20 of the 46 Boeing 737 Max 8 planes it was…
FTC bans noncompete agreements FTC bans noncompete agreements 00:31 Employment prospects just got brighter for the estimated 30 million U.S. workers who are currently bound by so-called noncompete agreements. U.S. regulators on Tuesday banned nearly all noncompetes, which restrict about 1 in 5 employees around the U.S. Here are five things to know about what…
Washington — Legislation that could lead to a national ban of TikTok cleared the Senate Tuesday night in a bipartisan vote of 79-18, representing one of the most serious threats to the immensely popular social media app’s U.S. operations. Some lawmakers insist they don’t want to actually ban the platform used by roughly 170 million Americans, arguing…
TikTok users could soon find that the popular social media service is either under new ownership or, although it wouldn’t happen immediately, outright banned in the U.S. The Senate late Tuesday passed a broad legislative package that delivers $95 billion in foreign aid to Ukraine, Israel and other U.S. allies. The bill also includes a…
The Russia-based cybercriminals who attacked a UnitedHealth Group-owned company in February did not walk away from the endeavor empty-handed. “A ransom was paid as part of the company’s commitment to do all it could to protect patient data from disclosure,” a UnitedHealth Group spokesperson confirmed with CBS News late Monday. The spokesperson did not disclose…
The Federal Trade Commission is suing to block Tapestry’s $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in the affordable luxury sector. Monday’s federal court filing by the FTC challenges the proposed deal that would have one company controlling six fashion brands: Tapestry’s Coach, Kate…
Cars from Hyundai and Volvo claimed five of the top 10 spots on U.S. News & World Report’s ranking of the best electric and hybrid vehicles for 2024, while Tesla is shut out. Testers with the publication evaluated nearly 100 EVs and hybrids, scoring them based on price, driving range, performance, safety, reliability, interior and…
Target, Dollar General reducing self-checkout lanes Target, Dollar General reducing self-checkout lanes 00:52 Walmart is joining the ranks of retailers rethinking self-checkout, with the industry giant in the process of removing the self-service lanes at a store in Missouri. The return to registers staffed by humans at the Walmart store in Shrewsbury, a suburb of…
Bitcoin is expected to go through a “halving” within the next day or two, a preprogrammed event that could impact production of the world’s largest cryptocurrency. A halving, which occurs about every four years, was designed by bitcoin’s creator, Satoshi Nakamoto, to effectively reduce by half the reward that miners of the digital token receive. The…
The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon. The decision by House Republicans to include TikTok as part of a larger foreign aid package, a…
Americans are losing millions of dollars every year to criminals who steal money from their bank accounts through fraudulent wire transfers. Some U.S. senators are now pressing major banks for answers about what they are doing to stop the scammers. In a letter to JP Morgan Chase, Citibank, Bank of America and Wells Fargo,…
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