Warren Buffett’s Berkshire Hathaway slashes Apple stake by almost 50%
admin 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…
Finance
Tesla lawyers ask Delaware judge to undo ruling against ginormous pay package for Musk
Attorneys for Elon Musk and Tesla’s corporate directors are asking a Delaware judge to vacate her ruling requiring the company to rescind a massive and unprecedented pay package for Musk.…
Mortgage rates tumble to lowest level since April 2023 after weak jobs report
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…
Employers added 114,000 jobs in July, far fewer than expected, while unemployment jumps
Fed maintains benchmark interest rate Fed maintains benchmark interest rate despite inflation cooling 02:43 Hiring abruptly slowed in July as employers added 114,000 new jobs, far fewer than economists had…
CarShield fined $10 million for deceptive advertising charges
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…
Fed maintains benchmark interest rate despite inflation cooling
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…
IHOP launches $5 all-you-can-eat pancake promo for back-to-school season
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,…
Boeing picks aerospace executive Kelly Ortberg as its next CEO
Attorney weighs in after Boeing agrees to plead guilty in deadly 737 case Attorney weighs in after Boeing agrees to plead guilty in deadly 737 case 06:12 Boeing said it…
Legislation to protect kids online passes Senate by overwhelming majority
Top social media CEOs attend hearing to discuss child safety online Top social media CEOs attend hearing to discuss child safety online 02:18 The Senate overwhelmingly passed legislation Tuesday that…
Tesla recalls 1.8 million vehicles because of hood problem
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…
More cinnamon recalled after tests find elevated levels of lead
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…
Yes, money can buy happiness — the more wealth you have, the happier you get, research finds.
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…
TNT host Charles Barkley dunks on NBA’s new broadcast deal: “It just sucks.”
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…
TikTok collected views on abortion, gun control from U.S. users, Justice Department says
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…
Apple reaches its first-ever union deal with workers at a Maryland store
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…
In more than 200 U.S. cities, $1 million only gets you a starter home
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…
Boar’s Head recalls liverwurst nationwide over listeria risk. Here’s what to know.
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…
Diners who order boneless chicken wings can’t expect them to really be boneless, court rules
Restaurant patrons who order chicken wings marketed as “boneless” can’t expect them to actually be boneless, according to a Thursday ruling from the Ohio Supreme Court. The decision comes in…
More companies listing benefits in job postings to attract candidates, study finds
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…
This retirement misstep could cost you more than $100,000 in savings. Here’s what to know.
Making Ends Meet: Most Americans feel unprepared to begin retirement Making Ends Meet: Most Americans feel unprepared to begin retirement 02:05 Millions of workers are making a critical mistake with…
Here’s what to do if an airline cancels your flight
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…
CrowdStrike blames bug for allowing bad data upload that led to global tech crash
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,…
FTC launches probe into whether surveillance pricing can boost costs for consumers
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…
Here’s what a Sam Altman-backed basic income experiment found
A recent study on basic income, backed by OpenAI founder Sam Altman, shows that giving low-income people guaranteed paydays with no strings attached can lead to their working slightly less,…
2022 model Jeep and Ram vehicles under investigation by feds after multiple safety complaints
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…
Investors are putting their money on the “Trump trade.” Here’s what that means.
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…
Why millions are trying alternatives to Big Pharma’s weight loss drugs
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…
Disneyland workers vote to authorize strike, citing unfair labor practice during bargaining period
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…
Adidas pulls Bella Hadid ad from campaign linked to 1972 Munich Olympics after Israeli criticism
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…
What is CrowdStrike, the cybersecurity company behind the global Microsoft outages?
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…
Microsoft outage causes widespread airline disruptions and cancellations. Here’s what to know.
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…
Silicon shift? Major tech titans throw financial, political support to Trump
Milwaukee — Amid the pomp and partying at the Republican National Convention, one development is adding to the air of triumphalism in Milwaukee: A slew of major tech players have…
Bissell recalls more than 3.5 million steam cleaners due to burn risk
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…
Biden administration forgives another $1.2 billion in student loans. Here’s who qualifies.
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…
Stegosaurus sells for almost $45 million at Sotheby’s auction, the most for any dinosaur fossil
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…
Her hearing implant was preapproved. Nonetheless, she got $139,000 bills for months.
Ways to deal with surprise medical bills Ways to deal with surprise medical bills 02:03 Caitlyn Mai woke up one morning in middle school so dizzy she couldn’t stand and…
11 arrested during protest at UnitedHealthcare HQ, alleging company is systemically “refusing to approve care”
Protest outside UnitedHealthcare headquarters ends in arrests Protest outside UnitedHealthcare headquarters ends in arrests 00:37 MINNETONKA, Minn. — Nearly a dozen people were arrested Monday outside UnitedHealthcare headquarters, protesting what…
Rite Aid closing dozens of additional stores. Here’s where.
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…
Inflation is cooling, yet many Americans say they’re living paycheck to paycheck
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…
Inflation may be cooling, but car insurance rates are revving up. Here’s why.
Kayla Mills spent most of this year driving a Honda HRV, but last month she decided to return the vehicle to the dealership. Her reason? The $520 a month car…
Beastie Boys sue Chili’s parent company for copyright infringement
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…
Paris Olympics ticket scams rise ahead of the summer games. Here’s what to look out for.
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…
Delta apologizes after reacting to post calling employees’ Palestinian flag pins “Hamas badges”
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…
Here’s how to find out if your data was stolen in AT&T’s massive hack
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…
How much do the winners of Wimbledon get in prize money?
The 2024 Wimbledon Championships kicked off Monday, with first-round competitors beginning their bids for a place in the draws’ finals. Last year’s men’s singles champion Carlos Alcaraz advanced to the…
Social Security recipients could see the smallest COLA increase since 2021. Here’s what to expect.
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…
Project 2025 would overhaul the U.S. tax system. Here’s how it could impact you.
What are the aims of “Project 2025”? What are the aims of “Project 2025”? 02:03 Project 2025, a 900-page blueprint for the next Republican president, is gaining attention for its…
This midsize Northeast city has the fastest growing rent in the nation
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…
Amazon offering $20 credit to some customers before Prime Day. Here’s how to get it.
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…
Delta partners with startup Riyadh Air, laying ground for flights to Saudi Arabia
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…
“Forever” stamp prices are rising again. Here’s when and how much they will cost.
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…
Target says it will soon stop accepting personal checks from customers. Here’s why.
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…
Paramount Global to merge with Skydance Media
Paramount Global parent National Amusements and Skydance Media have agreed to merge less than a month after the sides abruptly ended deal talks. Paramount, owner of Paramount Pictures movie and…
Is Boeing recovering the public’s trust?
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…
Greece allows a 6-day work week for some industries
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…
Arsenic, lead and other toxic metals detected in tampons, study finds
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…
Even the kitchen sink: Snakes and other strange items intercepted at TSA checkpoints
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…
Passenger complaints about airline travel surged in 2023
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…
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
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…
Hatch recalls nearly 1 million AC adapters used in baby product because of shock hazard
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…
What’s open and closed on July 4th? See which stores and restaurants are operating today.
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…
GM fined nearly $146 million for excess emissions from 5.9 million vehicles
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…
How to protect your home from a hurricane
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…
Pew finds nation divided on whether the American Dream is still possible
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…
Former Moelis banker seen punching woman is arrested on assault charges
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…
Chicken Soup for the Soul Entertainment, swamped by debt, declares bankruptcy
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…
Boeing announces plan to buy most of subcontractor Spirit AeroSystems
Boeing announced plans to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction. Spirit is part of the aerospace giant’s supply chain. Boeing, located in Arlington, Virginia, announced the…
Mass shooting in Arkansas leaves grieving community without its only grocery store
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…
How ratings for first presidential debate of 2024 compare with past debates
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…
Major brands scaled back Pride Month campaigns in 2024. Here’s why that matters.
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…
CDK cyberattack outage could lead to 100,000 fewer cars sold in June, experts say
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…
Diamond Shruumz products recalled due to toxin that has stricken 39 people in 20 states
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…
Boeing sanctioned by NTSB for releasing details of Alaska Airlines door blowout investigation
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…
Jury in NFL “Sunday Ticket” case rules league violated antitrust laws, awards nearly $4.8 billion in damages
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…
Delta Air Lines opens spacious new lounge at JFK airport. See what’s inside.
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…
It may soon cost a buck instead of $12 to make a call from prison, FCC says
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…
IRS apologizes to billionaire Ken Griffin for leaking his tax records
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…
16 Nobel Prize-winning economists warn that Trump’s economic plans could reignite inflation
Sixteen of the world’s most notable economists — all Nobel Prize winners — are warning that former President Donald Trump could stoke inflation if he wins the presidency in November…
Only 1 in 5 workers nearing retirement are financially on track: “It will come down to hard choices”
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…
Banker in viral video who allegedly punched woman at Brooklyn Pride quits job at Moelis & Co.
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…
580,000 JoyJolt glass coffee mugs recalled over burn and cut risks
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…
Facial gum is all the rage on TikTok. So does it work?
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…
FDA gives green light to menthol flavored e-cigarettes for first time
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…
Amazon to stop using plastic air pillows in packages
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…
CDK Global cyberattack leaves thousands of car dealers spinning their wheels
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…
Did you receive an unsolicited Temu or Amazon package? It might be a brushing scam.
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…
567,000 chargers sold at Costco recalled after two homes catch fire
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…
Vitamix recalls 569,000 blending containers and blade bases after dozens of lacerations
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…
Ferrari has plans to sell an electric vehicle. The cost? More than $500,000.
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…
CDK cyberattack shuts down auto dealerships across the U.S. Here’s what to know.
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…
Boeing CEO David Calhoun grilled by lawmakers as new whistleblower claims emerge
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…
Waffle House servers are getting a raise — to $3 an hour
Waffle House CEO Joe Rogers III says the restaurant chain is making its “single largest additional investment in our workforce” in its 68-year history by hiking base pay for servers…
Here are the most and least affordable major cities in the world
Pittsburgh is well-known for its steel industry and for bringing ketchup to the French fry-loving masses. As it turns out, it is also one the most affordable places in the…
Likes on X are now anonymous as platform moves to keep users’ identities private
Musk endorses antisemitic post, visits Israel Elon Musk visits Israel after endorsing antisemitic post on X 07:33 Social media platform X is now hiding your identity from your likes. In…
Tesla shareholders approve $46 billion pay package for CEO Elon Musk
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…
Deal sealed between Disney and Disney World governing district with approval by DeSantis reps
Orlando, Fla. — Gov. Ron DeSantis’ appointees on Wednesday gave final approval to an agreement that buries the hatchet between Disney and the governing district for Walt Disney World, which…
Many Americans burdened by skyrocketing home insurance rates
Many Americans burdened by skyrocketing home insurance rates – CBS News Watch CBS News As U.S. home prices remain stubbornly high and many parts of the nation are seeing more…
Johnson & Johnson reaches $700 million settlement in talc baby powder case
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.…
National Amusements ends Paramount merger talks with Skydance Media
Merger discussions between National Amusements, which controls Paramount Global, and Skydance Media have ended without a deal. The two companies “have not been able to reach mutually acceptable terms regarding…
Apple just made a big AI announcement. Here’s what to know.
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…
FDA issues warning about paralytic shellfish poisoning. Here’s what to know.
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…
What is a college grad’s life without debt?
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…
When students graduate debt-free – CBS News
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…
Kia recalls about 460,000 Tellurides and tells owners to park outside because of fire risk
KIA owners can get free software update at Mall of America KIA owners can get free software update at Mall of America 01:39 Kia America is recalling nearly 463,000 Telluride…
As consumers pump the brakes on EV purchases, hybrid production ramps up
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…
Mortgage closing fees are in the hot seat. Here’s why the feds are looking into them.
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…
United Airlines passengers to see targeted ads on seat-back screens
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…
GameStop stock slides after it reports quarterly financial loss
Why are GameStop shares on the rise again? Why are GameStop shares on the rise again? 05:11 GameStop remains a hot property among retail investors eager to snap up the…
Labor Department set to release May jobs report. Here’s what to look for.
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…
Jeep Wagoneer excels as other large SUVs fall short in safety tests
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 (IHS). The Jeep…
General Mills turned blind eye to decades of racism at Georgia plant, Black workers allege
The Georgia plant where General Mills produces cereal and trail mix is run by a “Good Ole Boy” network of White men who have spent decades wrongfully demoting and hurling…
Some veggie puffs contain high levels of lead, Consumer Reports finds
Some veggie puffs made by Lesser Evil and Serenity Kids contain concerning levels of lead, a heavy metal linked to developmental and other disabilities in children, according to findings released…
AT&T says nationwide issue affecting ability of customers to make calls
Cybersecurity expert offers tips after AT&T data breach Cybersecurity expert offers tips after AT&T data breach 02:09 AT&T on Tuesday said the telecommunications company and other wireless carriers are working…
As investors pour in, for-profit nursing homes leave some seniors in need
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…
Giant Food stores in D.C. area ban duffel bags to thwart theft
Retail theft on the rise nationwide Retail theft on the rise nationwide 07:17 While some major retailers are investing in AI to combat shoplifters, Giant Food supermarket chain is taking…
General Mills faces renewed calls to remove plastic chemicals from food
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…
Rupert Murdoch marries for 5th time in ceremony at his California vineyard
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…
Millions of Americans are losing access to low-cost internet service
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,…
Google admits its AI Overviews can generate “some odd, inaccurate” results
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…
Costco vows not to hike the price of its $1.50 hot dog combo
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…
Romance Writers of America falls into bankruptcy amid allegations of racism
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…
Feds accuse Hyundai and two suppliers of using child labor
The U.S. Department of Labor is suing South Korean auto giant Hyundai Motor Co., an auto parts plant and a recruiting company after finding a 13-year-old girl illegally working on…
Just graduated from college? Follow these job-hunting tips from a career expert.
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…
Hacking group claims it breached Ticketmaster and stole data for 560 million customers
A hacking group claims it breached global events giant Ticketmaster and stolen the details of 560 million customers. The group, named ShinyHunters, said in an online forum that the stolen…
Some companies plan to increase return-to-office requirements, despite risk of losing talent
A quarter of U.S. companies will require its workers to show up at the office more often next year, even though doing so may cause some productive staff members to…
Your 401(k) match is billed as “free money,” but high-income workers may be getting an unfair share
Why investment and retirement planning are more challenging for women — and what they can do about Why investment and retirement planning are more challenging for women — and what…
Homeowners face soaring insurance costs as violent storms wreak havoc
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…
Tesla shareholders urged to reject Elon Musk’s $56 billion pay package
Tesla shareholders should reject CEO Elon Musk’s $56 billion pay package, according to proxy advisory firm Glass Lewis, which singled out the “excessive size” of the deal and its potentially…
Elon Musk’s xAI says it raised $6 billion to develop artificial intelligence
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…
What’s open and closed for Memorial Day? See which stores and restaurants are operating today.
Record travel expected for Memorial Day Record travel expected as millions make plans for Memorial Day 01:55 With Memorial Day finally here, Americans from coast to coast are gearing up…
NCAA athlete-pay settlement could mean 6-figure paychecks for top college players
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…
TSA sets new record for number of travelers screened in a single day
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…
Walmart ends credit card partnership with Capital One: What to know
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…
Fired up about barbecue costs this Memorial Day? Blame the condiments.
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…
He fell ill on a cruise. Before he boarded the rescue boat, they handed him the bill.
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…
Many Americans are wrong about key economic trends. Take this quiz to test your knowledge.
Americans have been notoriously glum about the country’s financial outlook in the post-pandemic years, with only one-third describing the economy as good in a CBS News poll earlier this year.…
Delaware and Tennessee to provide free diapers through Medicaid
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…
Justice Department set to take antitrust action against Ticketmaster parent Live Nation
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 rules expanded to protect shoppers who buy now, pay later
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…
The best cars for teen drivers by price and safety, according to Consumer Reports
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.…
New college grads face a cooling job market. Here’s where the jobs are.
What college graduates face as they enter the workforce What college graduates face as they enter the workforce 04:06 After earning their college degrees this month, new graduates are understandably…
FDIC head stepping down after report on agency’s workplace culture, White House says
The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release of a damning report about the agency’s…
Trump Media, valued at $7 billion, booked less than $1 million in first-quarter sales
Sharing ways to help you have civic conversations about politics Sharing ways to help you have civic conversations about politics 06:39 Trump Media & Technology Group, a startup majority-owned by…
Bidet sales are flush with success
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…
Bruce Nordstrom, former chairman of Nordstrom’s department store chain, dies at 90
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…
Chevrolet Bolt owners win $150 million settlement after electric vehicles caught fire
What to consider when making the switch to an electric vehicle What to consider when making the switch to an electric vehicle 05:46 General Motors and LG are establishing a…
Biden’s Chinese EV tariffs don’t address national security concerns
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…
Samsung trolls Apple after failed iPad Pro “crush” ad
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…
Dow closes above 40,000 for first time, notching new milestone
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…
Looking to purchase a home? These U.S. cities are the most buyer-friendly.
Miami ranks among least affordable cities amid housing crisis, market cooldown coming? | Miami Life Miami ranks among least affordable cities amid housing crisis, market cooldown coming? | Miami Life…
Some older Frigidaire and Kenmore ranges pose risk of fires and burn injuries, Electrolux warns
Electrolux Group is urging consumers to stop using older model Frigidaire and Kenmore electric ranges following recent reports that the appliances can cause fires and burn injuries. A notice posted…
Half of Amazon warehouse workers struggle to cover food, housing costs, report finds
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…
Nissan data breach exposed Social Security numbers of thousands of employees
Nissan suffered a data breach last November in a ransomware attack that exposed the Social Security numbers of thousands of former and current employees, the Japanese automaker said Wednesday. Nissan’s…
Biden announces new tariffs on Chinese EVs, semiconductors, solar cells and more
President Biden announced new tariffs Tuesday on Chinese electric vehicles, semiconductors, batteries, solar cells, steel and aluminum. The tariffs on Chinese EVs will rise to 100%, quadrupling the current tariff…
Meta to shut down Workplace app for business
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…
The WNBA season is getting underway featuring Caitlin Clark’s debut and more. Here’s what you need to know.
The WNBA is poised to blow the whistle on its 28th season Tuesday night. From the juggernaut Las Vegas Aces and New York Liberty to new marquee talent like Caitlin…
Mercedes-Benz faces crucial test as Alabama workers vote on whether to unionize
Alabama is front and center this week as the United Auto Workers looks to build on recent victories in the South, a region long hostile to organized labor. More than…
Danish butter magnate Lars Emil Bruun’s vast coin collection hitting auction block 100 years after he died
Copenhagen, Denmark — The vast coin collection of a Danish butter magnate is set to finally go on sale a century after his death and could fetch up to $72…
Federal judge blocks White House plan to curb credit card late fees
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”…
McDonald’s is considering a $5 meal to win back customers. Here’s what you’d get.
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…
Popular maker of sriracha sauce is temporarily halting production. Here’s why.
Your food could be decidedly blander this summer, with a major sriracha producer warning that it is suspending production because of a shortage of the Thai chili sauce’s main ingredient…
Think “spaving” — or spending to save — can save you money? Think again.
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.…
Faulty insulin pump tech led to hundreds of injuries, prompting app ecall
Insulin prices capped for millions, but not all qualify Insulin prices capped for millions, but not all qualify 02:20 More than 200 people with diabetes were injured after technology defect…
1 in 24 New York City residents is a millionaire, more than any other city
Good Question: What does it mean to be a millionaire? Good Question: What does it mean to be a millionaire? 03:00 New York has more millionaires than any other city…
Hyundai’s finance unit illegally seized service members’ vehicles, feds allege
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…
Are Americans losing their taste for Starbucks? “The whole concept got old,” one customer said.
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…
FDIC workplace was toxic with harassment and bullying, report claims, citing 500 employee accounts
What does the overturning of Harvey Weinstein’s conviction mean for his accusers? What does the overturning of Harvey Weinstein’s conviction mean for his accusers? 01:52 The Federal Deposit Insurance Corp.,…
White-coated candy recalled nationwide over salmonella risk
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…
Equinox’s new fitness program aims to help you live longer — for $40,000
Exercise could help reduce aging by lowering fat buildup, study says Exercise could help reduce aging by lowering fat buildup, study says 00:51 Luxury fitness chain Equinox is putting a…
IRS says its number of audits is about to surge. Here’s who the agency is targeting.
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…
Employers added 175,000 jobs in April, marking a slowdown in hiring
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…
Nearly 8 tons of ground beef sold at Walmart recalled over possible E. coli contamination
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.…
Berkshire Hathaway has first annual meeting since death of longtime vice chairman Charlie Munger
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…
Walgreens limits Gummy Mango candy sales to one bag per customer
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…
Trump Media’s accountant is charged with “massive fraud” by the SEC
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…
Peloton, once hailed as the future of fitness, is now sucking wind. Here’s why.
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…
Employer who fired 78-year-old receptionist must now pay her $78,000
The operator of a retirement facility in Columbus, Georgia, will have to pay $78,000 to a receptionist to settle an age and disability discrimination lawsuit filed by the Equal Employment…
UnitedHealth data breach caused by lack of multifactor authentication, CEO says
Hackers breached the computer system of a UnitedHealth Group subsidiary and released ransomware after stealing someone’s password, CEO Andrew Witty testified Wednesday on Capitol Hill. The cybercriminals entered through a…
Federal Reserve holds rates steady. Here’s what that means for your money.
Federal Reserve officials said they are leaving their benchmark rate untouched, noting that progress in taming U.S. inflation has stalled. The Fed on Wednesday said it is keeping the federal…
Federal Reserve to discuss interest rates at they remain at 23-year high
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…
Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car to shorten commute
Tesla is known as a demanding workplace, with its Glassdoor reviews noting that employees typically work long hours and put in time on the weekends. But a recent LinkedIn post…
Voters in battleground states say the economy is a top issue
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…
Paramount CEO Bob Bakish to step down amid sale discussions
Paramount Global said Monday that CEO Bob Bakish is stepping down from his role, a major management shift at the media and entertainment company as it considers a potential merger…
“Vampire facials” at an unlicensed spa infected three people with HIV, CDC finds
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…
Gold pocket watch found on body of Titanic’s richest passenger is up for auction
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…
“We’re not the sex police”: Here’s what intimacy coordinators actually do on film and TV sets
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…
United Auto Workers reaches deal with Daimler Truck, averting potential strike of more than 7,000 workers
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…
Possible TikTok ban leaves some small businesses concerned for their survival
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,…
Why is this small town in Pennsylvania considered the best place to retire?
The ideal American small town to retire in is probably unknown to most people. But with a relatively low average monthly cost of living, low crime rate and other attributes…
EPA issues toughest rule yet on power plant emissions, but it’s likely to face court challenges
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…
Cost of buying a home in America reaches a new high, Redfin says
Buying a house is costlier than anytime in at least the last decade, with property buyers hit with the double whammy of rising mortgage rates and home prices, according to…
FTC looks to ban non-compete clauses, impacting millions of workers
FTC looks to ban non-compete clauses, impacting millions of workers – CBS News Watch CBS News The Federal Trade Commission is planning to ban non-compete clauses, which are the parts…
New airline rules will make it easier to get refunds for canceled flights. Here’s what to know.
New consumer protection rules will soon entitle airline passengers to automatic refunds when flights are canceled or significantly delayed, while also requiring airlines to reveal junk fees upfront. In total,…
TikTok ban measure passed by the Senate. Here’s what could happen next.
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…
FTC bans noncompete agreements, making it easier for workers to quit. Here’s what to know.
Federal regulators on Tuesday enacted a nationwide ban on new noncompete agreements, which keep millions of Americans — from minimum-wage earners to CEOs — from changing jobs within their industries.…
FTC sues to block $8.5 billion merger of Coach and Michael Kors owners
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…
California could ban Clear, which lets travelers pay to skip TSA lines
A new bill, the first of its kind in the U.S., would ban security screening company Clear from operating at California airports as lawmakers take aim at companies that let…
U.S. News & World Report lists its best electric and hybrid vehicles for 2024
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…
A bitcoin halving is imminent. Here’s what that means.
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…
Americans lose millions of dollars each year to wire transfer fraud scams. Could banks do more to stop it?
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…