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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 job after job,” Mangano told…
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 photo is noticeably shorter this…
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, a week after teasing a…
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 but significant easing of tariffs…
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 outlook more mixed. But feelings…
United Airlines and JetBlue strike deal that will impact fliers’ points, return United to JFK airport
JetBlue and United Airlines on Thursday announced a new partnership that will allow frequent fliers to earn and use points on both airlines and also swap slots at New York…
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 have embraced in recent months.…
Rising number of college grads are unemployed, new research shows
Recent college graduates are having a harder time finding work, despite their higher education degrees, which usually give job-seekers a leg up in the labor market. That’s according to a…
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 will cost $35, while a…
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 data released Tuesday. Sales of…
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 Monday, saying they are committed…
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 barbecue or at the beach,…
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 world’s busiest airport, where Delta…
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 American steelmaker and Japan-based Nippon…
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 federal health officials. Publix recalled…
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 central parts of the U.S.…
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 500 fell 39 points,…
Trump threatens to hit Apple with a 25% tariff on iPhones made outside U.S.
President Trump threatened to impose a fresh round of tariffs Friday morning, including a 25% tariff on Apple if they do not shift some of their iPhone production to the…
U.S. beef prices reach record highs as cattle industry struggles to keep costs down
Fort Worth, Texas — The dinner shopping list for Darlowe Torkelson and his wife was short. At today’s prices, it consisted of just one sirloin steak and one potato. Torkelson…
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 to the American Trucking Association,…
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, a recent analysis finds. First,…
Fast-food isn’t so affordable anymore. Here are the U.S. cities where prices are the highest.
Like Subway’s $5 footlong, affordable fast-food may soon be a thing of the past. The average price of fast-food in larger U.S. cities is now in the double digits, with…
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 this week hosted by Mr.…
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 tax breaks are projected to…
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. credit rating on Friday over…
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 insurance. It was a first-in-the-nation…
Trump warns Walmart against raising prices, saying they should “eat the tariffs”
Trump warns Walmart against raising prices, saying they should “eat the tariffs” – CBS News Watch CBS News President Trump warned Walmart against raising prices on Saturday, telling the nation’s…
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 goods imposed by his administration…
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 benefit the highest income earners,…
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 of Aaa to Aa1 “reflects…
David’s Bridal launches luxury store, expanding its offerings from DoorDash deliveries to couture
David’s Bridal, the 75-year-old company serving budget-conscious brides and wedding parties, is courting the “affordable luxury” market. The go-to store for brides on a budget has launched a higher-end, bricks-and-mortar…
Is TikTok down? Here’s what to know.
Meet the “grandfluencers” Meet the “grandfluencers” 04:29 Some TikTok users may have had their scrolling interrupted on Thursday after an outage reportedly affected thousands of users. Over 33,000 outages were…
Walmart warns it may raise prices despite lower U.S. tariffs
New data on inflation, price changes New data shows slowed inflation, some higher prices after tariffs 02:45 Walmart on Thursday warned that even softer tariffs on China could soon force…
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 customers being overcharged on…
United Airlines unveils Polaris Studio suites for premium travelers. See inside the cabin.
United Airlines is adding some extra bells and whistles to its new Boeing fleet. The Chicago-based company announced that its Boeing 787-9 planes will offer a larger selection of premium…
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 Federal Reserve’s goal…
UnitedHealth CEO Andrew Witty unexpectedly steps down as insurer suspends financial outlook
UnitedHealth CEO Andrew Witty is resigning from his position for personal reasons, the insurance company announced on Tuesday. UnitedHealth also said that it would suspend its 2025 financial outlook because…
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 cryptocurrency. American Bitcoin — which…
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 country’s said in a joint statement shared by…
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 and family that anything you…
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 the country. President Trump ratcheted…
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 and SUVs because the vehicles’…
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 Social, his social media platform.…
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 his dismissal is illegal and…
Forget tariffs — this U.S. shoe company vows not to hike its prices
Steep new U.S. tariffs on imports are rattling businesses large and small, with many companies planning to absorb the higher costs by hiking prices for customers. Not footwear company Keen.…
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 0.6%, to close at 5,664,…
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 partners before a 90-day pause…
President Trump slams Newsom after California governor proposes federal film tax credit to “Make America Film Again”
President Trump slammed Gavin Newsom on Tuesday just hours after the California governor asked for collaboration on a massive film tax credit. “California built the film industry — and we’re…
Tariffs force U.S. bicycle company to halt imports from China
The Kamler family, owner of Fairfield, New Jersey-based Kent International, has been in the bicycle business for four generations. “When I joined the company in 1972, we had six employees,…
Trump touts $9 trillion in new U.S. investment. The numbers don’t add up.
After President Trump was pressed on rising consumer prices and slowing economic growth, he defended his tariff policies by claiming they had spurred record investment in the United States. “I…
The IRS has lost almost one-third of its tax auditors after 2 months of DOGE cuts, report says
The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the agency through March, according to a report from the U.S.…
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 for tariffs because the U.S.…
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 follows the May 2 expiration…
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 & Mascari Inc. recalled four-count Vine…
“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 the “CBS Weekend News” with…
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 60 years, said he will…
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 amidst a proliferation of bots…
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, has navigated economic uncertainty before,…
What to know about the U.S.-Ukraine minerals deal, from the type of rare earths to deposits
The joint economic investment deal announced Wednesday that gives the U.S. access to Ukrainian minerals may provide Ukraine with more support for its defense against Russia. But it also comes…
Chamber of Commerce asks Trump administration for tariff exclusions to “stave off a recession”
As Small Business Month kicks off, the Chamber of Commerce is speaking out against the Trump administration’s trade policy, saying recently imposed tariffs could do serious damage to America’s Main…
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 Epic Games. U.S. District Judge…
Stocks make comeback, close in the green after early losses
Stocks rebounded after early losses as investors largely shrugged off new government data showing the U.S. economy shrank in the first three months of the year. The S&P 500 rose…
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 about impending supply shortages. The…
UPS cutting 20,000 jobs amid reduction in Amazon shipments
UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that’s linked to the delivery giant’s decision to deliver fewer packages from…
Martinelli’s recalls 170,000 apple juice bottles over risk of toxic substance from fungi
Recalls for Martinelli apple juice, Mauna Loa macadamia nut products Recalls for Martinelli apple juice, Mauna Loa macadamia nut products 01:00 Martinelli’s is recalling more than 170,000 apple juice bottles…
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 Reserve Bank of New York…
Wall Street ends week on muted note amid ongoing trade uncertainty
U.S. stocks wavered on Friday, signaling an end to a three-day rally that was driven by investor hopes of a de-escalation in the trade war. The Dow Jones Industrial Average…
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 Trump is already making major…
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 long-term outlook — and has…
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 Amazon have raised their prices…
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. But that effort may also…
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 partners Senator Ed Markey, ranking…
Stock futures slide as China dashes hopes of trade negotiations
Momentum from a two-day relief rally in the stock market slowed considerably on Thursday, with mixed signals about tariff negotiations tempering investor’s optimism. Before trading kicked off, both the Dow…
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 funeral at St.…
Hundreds of colleges and universities issue letter condemning Trump’s “political interference”
Washington — Hundreds of U.S. universities and colleges, including Harvard, Princeton, Penn, Brown, MIT, Cornell and Tufts issued a joint letter Tuesday condemning President Trump’s “political interference” in the nation’s…
Stocks shed early gains but still close higher
The stock market surged early Wednesday but then steadily lost momentum as investors digested news of a possible trade deal with China and President Trump’s dismissal of any plans to…
Student loan borrowers in default face garnished wages, Education Department says
Washington — The Education Department will soon begin collecting payments for student loans that are in default, including through wage garnishment for potentially millions of borrowers, the department announced Monday.…
Dow soars more than 1,000 points a day after Monday sell-off
U.S. stocks surged on Tuesday, with investors buoyed by signs the U.S. could be prepared to deescalate its trade war with China. The Dow rose more than 1,000 points, or…
Stock market slumps as Trump renews criticism of Federal Reserve Chair Jerome Powell
Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed his criticism of Federal Reserve Chair Jerome Powell, branding him as a…
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 the suit, Harvard President Alan…
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 a bilateral trade deal…
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 school’s tax-exempt status. A final…
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 lineup. However, President Trump’s tariffs…
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 and adding that his “termination…
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. Though appointed by the president…
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 on April 18 in observance…
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 — an oral form of the…
Some U.S. states want to ban food stamp recipients from buying soda and candy. Here’s why.
The federal food stamp program is facing scrutiny in some states that want to block enrollees from using their government benefits to buy soda and candy. Three Republican-led states —…
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 the serums, face masks and…
Is Zoom down? Users report problems with the video conferencing app.
Zoom, the popular video communications service, was down for tens of thousands of users Wednesday, according to website tracker Downdetector. At around 3:00 p.m. EST Wednesday, roughly 68,000 users reported…
China orders its airlines to stop accepting deliveries of Boeing jets, report says
The Chinese government has told the country’s domestic airlines to stop accepting deliveries of Boeing jets as a trade war between the world’s two largest economies escalates, Bloomberg News reports.…
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 to acquire Instagram, as a…
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 technology giant is a monopoly.…
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 code for its baristas, part…
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, but when. People split on…
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 policies. “The economy is facing…
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. Many worried that smoke from…
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. Customs and Border…
Stocks cap a manic week with their best performance since November 2023
After one of the most turbulent weeks on Wall Street in recent history, stocks ended higher on Friday, with investors setting aside concerns — at least temporarily — about the…
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 enterprises, from small businesses to…
China says it’s raising tariffs on U.S. goods to 125%
Fed official says no “playbook” for economy woes Fed official says “no generic playbook” for economy woes amid Trump tariffs 04:16 China said Friday it was raising tariffs on U.S.…
Stock market plummets a day after huge gains on tariff pause announcement
U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 fell 189 points,…
World markets jump after Trump delays most tariff hikes, though U.S. futures move lower
World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed President Trump’s decision to put his sharp tariff hikes on hold for 90 days, though…
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 on his reciprocal tariffs, adding…
Trump’s sweeping new tariffs in effect, including 104% on goods from 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 trade war. The tariffs took…
Stocks slide after U.S. says it will impose a 104% tariff on China starting tonight
Stocks shed their gains in the afternoon after an earlier rebound on Tuesday, with the Dow Jones Industrial Average falling 2% after the Trump administration said it will impose a…
Trump threatens to impose an additional 50% tariff on China
President Trump on Monday said the U.S. will apply an additional 50% tariff on imports from China if the Asian nation doesn’t withdraw its plan to impose a retaliatory 34%…
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 threatened to escalate U.S. tariffs…
Overseas stock markets plunge, U.S. futures tumble as tariff turmoil continues
Overseas financial markets plummeted Monday and U.S. stock futures came under renewed selling pressure after leading indexes crumbled last week amid investor fears over the economic fallout from the Trump…
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 the U.S. Mr. Trump, in…
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 to 13-ounce bags of the…
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 President Donald Trump’s announcement of…
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 U.S. tariffs and the prospects…
Trump to delay TikTok ban enforcement with another executive order
Washington — President Trump on Friday said he would sign another executive order to delay enforcement of a law that effectively bans TikTok, amid talks about a possible deal to…
Dow Jones plunges more than 1,600 points as stock market recoils from Trump tariff shock
Stocks cratered in the U.S. on Thursday as anxious investors tried to assess the potential economic impact of the latest round of Trump administration tariffs. The Dow Jones Industrial Average…
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 either sell the popular social…
Key moments and reaction to Trump’s “Liberation Day” announcement of new tariffs
Several European leaders reacted negatively to President Trump’s tariff announcement. Italian Prime Minister Giorgia Meloni wrote on social media that she felt the tariffs were misguided and would not help…
Trump announcing new tariffs today 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 well as higher, “reciprocal” tariffs…
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 motion for Chapter 11 protection…
Trump to consider final TikTok proposal Wednesday, sources say
Sen. Cotton on China, TikTok Republican Sen. Tom Cotton on China, TikTok and the risks he sees for America 06:11 President Trump will consider a final proposal for TikTok on…
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 effect. Mr. Trump last…
Some liquid egg products recalled as they may include bleach, USDA warns. Here’s what to know.
Experts on fighting bird flu As egg prices soar, health officials discuss options to fight bird flu 05:01 Some Egg Beaters and Bob Evans liquid egg products are under recall…
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 cannot look away or the…
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 on tariffs —…
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 in Europe on Saturday in…
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 workers. He compared it to…
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. Iowa, like the U.S.,…
Stock market suffers another wipeout over inflation and tariff fears
Stocks are taking a battering on Friday amid growing concerns on Wall Street about the impact of President Trump’s tariff regime as well as hotter-than-expected price data, sparking worries that…
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 range of automobiles…
Mega Millions price increase and new rules start in April. Here’s what it means for jackpots and odds.
Mega Millions will roll out several changes next month, including new ticket prices, jackpots and an increase in the odds of winning, the multistate lottery game announced. Players will need…
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 trade measures in an…
Social Security’s overpayments policy takes effect Thursday. 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 older Americans. Starting Thursday, the…
Social Security chief nominee Frank Bisignano vows to run agency “in the right fashion”
President Trump’s nominee to run the Social Security Administration, Frank Bisignano, faced questions about customer service, erroneous payments and concerns about potential interests in privatizing the agency during a Senate…
What to know about Signal, the app used by Trump officials to text war plans
An encrypted messaging app called Signal is drawing attention and questions after top Trump officials — including Defense Secretary Pete Hegseth and Vice President JD Vance — allegedly used the…
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 CEO and co-founder Anne Wojcicki…
Hyundai says it will build $5.8 billion steel mill in Louisiana
Auto dealers face uncertainty as tariff hikes loom Auto dealers face uncertainty as tariff hikes loom 01:59 South Korean auto giant Hyundai on Monday announced a multibillion-dollar investment in the…
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 in afternoon trading, buoyed by…
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 stocking groceries at stores like…
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 defects are suing…
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 to frustration for millions of…
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 part of President Trump’s trade…
DoorDash and Klarna partner to offer an eat now, pay later plan
DoorDash and fintech company Klarna are joining forces to offer customers of the food delivery app the option of buying now and paying later. DoorDash customers will have the option…
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 left 20 people with injuries…
Stocks waver as investors ponder what to make of rising economic uncertainty
For President Trump, the barrage of tariffs the U.S. is ready to unleash on the country’s largest trading partners on April 2 amounts to “Liberation Day,” as he described the…
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 on polarizing political issues. In…
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 the Trump administration’s trade and…
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 administration has declined to…
Investors are fleeing U.S. stocks as tariff risks loom
How to stay ahead amid inflation, market volatility How to stay ahead amid inflation, market volatility 02:48 Investors are bailing out of U.S. stocks — big time. A new survey…
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, including lumber, aluminum and steel,…
PepsiCo to buy prebiotic brand Poppi for nearly $2 billion
PepsiCo is acquiring prebiotic soda brand Poppi for almost $2 billion, the beverage giant said on Monday. Purchase, New York-based PepsiCo had reportedly planned to start its own so-called functional…
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 of the product are being…
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 in the U.S. as St.…
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 some Biden-era programs, the Education…
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 than economists had expected. The…
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 uncertainty for…
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 to the Office of the…
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 to accept a buyout offer…
Trump threatens 200% tariff on European wine and Champagne
Washington — President Trump on Thursday threatened to impose tariffs on wines, Champagnes and other alcoholic products imported to the U.S. from France and other European countries in response to…
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 the Federal Reserve’s efforts to…
What is a recession, and is the U.S. economy heading for one? Here’s what economists say.
President Trump sparked concerns this week when he declined to rule out the possibility of a U.S. recession this year. Asked on Fox news if he expects such a slump,…
Trump backs off doubling Canadian steel and aluminum tariffs after Ontario suspends electricity surcharge
Washington — President Trump will not double tariffs on Canadian steel and aluminum imports, Commerce Secretary Howard Lutnick told CBS News, after Lutnick and Ontario Premier Doug Ford announced Canada…
Airbus investigating corrosion issues on some of its A220 passenger jets
Airbus is investigating corrosion issues on some of its A220 passenger jets. The issue has been found on what the manufacturer calls a “limited population” of A220s, including some operated…
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 levies in response to President…
Stocks plummet as investors fret Trump’s policies and likelihood of recession
U.S. stocks thudded lower on Monday — continuing the prior week’s losses — after President Trump said the economy faces a “period of transition” due to his aggressive trade policies…
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 need to cut down on…
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 power plant in Pennsylvania whose…
Tariffs are likely to push auto prices higher. Should you buy a new car now?
Buying a car can be a fraught financial decision even in the best of times. Now, car shoppers are facing the added pressure of deciphering U.S. tariff policy. On Wednesday,…
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 impact of President Trump’s economic…
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 (SSA) said it is reinstating…
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 economic growth. The numbers Economists…
Walgreens agrees to be acquired by private equity firm Sycamore Partners for nearly $10 billion
Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.…
President Trump pauses Mexico tariffs until April 2
Business worries over tariffs impact Business owner worries over impact of President Trump’s new tariffs 03:18 President Trump on Thursday said he will pause 25% tariffs on U.S. imports from…
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 Karoline Leavitt said on Wednesday.…
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 exports to the U.S., Beijing…
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 consortium including BlackRock Inc., after…
Trump’s tariffs on Canada, China and Mexico draw quick retaliation, as Trudeau calls them a “dumb thing to do”
President Trump’s imposition of blanket 25% tariffs on all goods imported from Canada and Mexico drew swift vows of retaliation from the United States’ immediate neighbors on Tuesday. China, which…
Tariffs on Mexico and Canada go into effect and levies on China raised
Washington — President Trump said Monday that he had decided to move forward with 25% tariffs on nearly all goods imported from Mexico and Canada, after taking a month for…
Research shows unproductive meetings might be ruining your day. Here’s how to fix that.
A recent Harvard Business Review article identified a phenomenon called “meeting hangovers” which new research shows can derail productivity well beyond the meeting itself. A survey conducted by University of…
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. In a post on Truth…
“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 the pictures that got small.”…
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 service to the millions of…
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 new U.S. tariffs primed to…
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 reassurance on the…
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 error took place last April…
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 live in the U.S. That…
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 the help of a trio…
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 reported. Starlink’s internet equipment has…
Tesla sales drop sharply in Europe, bucking trend for EVs, as Elon Musk comes under mounting criticism
London — Sales data show many Europeans, seemingly angry with Elon Musk as he navigates his close relationship with President Trump to influence U.S. policy, may be choosing to steer…
Social Security boost for more than 3.2 million coming in April, administrator says
What is the best time to claim your social security? What is the best time to claim your social security? 03:51 Millions of retired teachers, firefighters, police officers and others…
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 and a trade war under…
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 state health officials. The infections,…
Apple says it will invest $500 billion in U.S. over the next 4 years and hire 20,000 workers
Apple plans to invest $500 billion domestically over the next four years and hire 20,000 additional workers in the U.S., the iPhone maker announced on Monday. The company’s plans include…
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 Highway Traffic Safety Administration said…
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 risk of a crash. 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 cartons of frozen shakes sold…
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 15-month low. Both the S&P…
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 to make significant cuts to…
Talk of a “Feb 28 Economic Blackout” is spreading on social media. What is it?
Over the past few weeks, information has been spreading on social media about a nationwide economic protest called the “Feb 28 Economic Blackout.” The call to action — or rather…
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 plans. More than half of…