MoneyWatch Videos

Fees bring in $6B to airline industry

The labor department is reporting a sharp drop in the cost of gas and food, the airline industry is making big money off of its increasing fees, and both the Mega Millions and Powerball lottery jackpots have grown into the hundreds of millions. Ashley Morrison reports.
3 pieces of financial advice for brides-to-be

Anyone planning a wedding knows that a walk down the aisle can get expensive, fast. CBS News financial analyst Mellody Hobson has three tips that should be added to any bride's to-do list.
Taco Bell "Waffle Taco" seen in the wild

Thousands of private messages from Bloomberg clients may have been accidentally put online, prescription drugs could become a lot more expensive in certain parts of the country, and Taco Bell is testing a "waffle taco." Ashley Morrison reports.
Richard Branson makes good on bet, works as airline stewardess

Detroit's financial problems are far worse than originally thought, BlackBerry's developer conference kicks off in Orlando, and Richard Branson settles a 2-year-old bet. Ashley Morrison reports.
Mixup at Whole Foods could cause health problems

JetBlue is expanding its service in the Caribbean, American Airlines agreed to pay $25 million to settle safety complaints about its aircraft, and a labeling mix-up by Whole Foods stores could cause some customers serious health problems. Ashley Morrison reports.
Senate votes on overtime pay law

The Senate will vote on a bill giving employees the option of taking paid time off instead of overtime, the Federal Reserve says consumer spending is slowing, and a survey ranked New York state near the bottom for business. Ashley Morrison reports.
GM issues recall for car batteries that may cause fire

Stocks opened higher after some positive news on housing, General Motors is recalling over 38,000 vehicles because of a battery problem, and the FDA wants cancer warning labels affixed to tanning beds. Ashley Morrison reports.
Thousands of investors flocked to "Woodstock for capitalists"

The Senate is expected to pass a bill making it easier for states to collect sales tax for online purchases, the price of gas is up over a penny in the past 2 weeks, and Berkshire Hathaway investors flocked to the "Woodstock for Capitalists." Ashley Morrison reports.
Upbeat jobs report sparks historic Wall Street rally

An upbeat monthly jobs report started a major rally on Wall Street. The latest numbers are also encouraging for people who've been out of work a long time. Alexis Christoforous reports on the new numbers.
Taco Bell testing "dollar menu"

The unemployment rate dropped to the lowest level in 4 years, Taco Bell is testing a "dollar menu," and cell phone users are ditching traditional texting for internet-based messaging applications. Ashley Morrison reports.
Airline to charge $100 for carry-on luggage

Stocks opened higher after a drop in jobless claims, a court halted a test of a smartphone app used to order a cab, and Frontier Airlines will charge passengers up to $100 for a carry-on bag. Ashley Morrison reports.
Netflix losing thousands of movies

Job numbers fail to meet expectations, Apple will consider the original iPhone obsolete, and thousands of titles will disappear from the Netflix library. Ashley Morrison reports.
Subaru recalling thousands of Forester wagons

Subaru is recalling newer models of its Forester wagon, the FDA is investigating whether foods with added caffeine are safe, and Virgin Galactic's SpaceShipTwo completed its first rocket-powered flight. Ashley Morrison reports.
NY considers raising minimum smoking age

The Commerce Department reports Americans spent more as their incomes increased in March, Ethiopian Airlines resumed service of Dreamliners, and New York could be the first state to raise the minimum age to buy cigarettes to 21. Ashley Morrison reports.
Liberty Head nickle fetches $3.1M at auction

Twinkies could be back on store shelves as soon as July, Apple CEO Tim Cook is auctioning off an hour-long coffee talk, and a rare "Liberty Head" nickle was sold at an auction for $3.1 million. Ashley Morrison reports.
Student investors learn how to win

Student investors from New Jersey City University learn how to handle managing a fund of $160,000. Their professor entered them in a prestigious investing competition where they beat out Ivy League competitors. Alexis Christoforous reports.
Two airline carriers up prices for ticket change

Stocks opened higher after a new report showed jobless claims dropped to their second lowest level in five years. Also, the Department of Energy is facing new criticism over federal loans. Plus, changing an airline ticket just got more expensive on two carriers. Ashley Morrison reports.
Senate bill proposes online sales tax

Stocks opened higher following strong earnings from U.S. corporations, experts predict gas prices could plunge another 20 cents by June, and a bill is making its way through the Senate could make tax free shopping on the internet a thing of the past. Erica Ferrari reports.
Which factors impact your credit score?

CBS MoneyWatch's Jill Schlesinger details which behaviors can raise or lower your credit score, and how that score impacts you when applying for loans.
Technology shifts from cleaning up oil spills, to fracking
$Image of Technology shifts from cleaning up oil spills, to fracking$

Glenn Rink, President and CEO of AbTech Industries, shows Rebecca Jarvis how his "smart sponge" technology cleans polluted water. Originally planning to market his services to oil companies, he's since discovered an interest from the fracking industry.
GM claims Chevy Cruze diesel more efficient than some hybrids

The job market is on the rebound after slowing in March, GM claims a new diesel version of its Chevrolet Cruze is more efficient than some hybrids, and Google will start distributing Google Glass to 8,000 people who won a contest. Erica Ferrari reports.
Bitcoin: not your average currency

Reuben Grinberg, an attorney at Davis Polk and Wardwell who's written extensively on the subject breaks down the pros and cons of Bitcoin.
Yahoo's earnings rise, ad revenue drops under Marissa Mayer

Yahoo's profits rise under its new CEO Marissa Mayer, Bank of America reported lower than expected first quarter profits, and global sales of Toyota's hybrid vehicles are up. Erica Ferrari reports.
Is now the time to refinance your mortgage?

With interest rates still low, they only have one way to go: up, according to CBS MoneyWatch.com's Jill Schlesinger. But does refinancing make sense for you? Here are three questions to consider.
Citigroup earnings up 30 percent in first quarter

Citigroup says its first quarter profits rose 30 percent, beating what analysts had expected. Also, Satellite TV giant DISH Network is looking to acquire the third largest U.S. wireless firm. Erica Ferrari reports.
Justin Bieber promoting credit card for teens

JP Morgan Chase announced soaring first quarter profits, Starbucks is lowering the price of it's bagged coffee, and Justin Bieber is promoting a pre-paid credit card for teens. Ines Ferre reports.
Toyota, Honda, and Nissan announce global vehicle recall

Lenders repossessed 21 percent fewer homes last month, three big car makers announced a huge global vehicle recall, and the Federal Reserve minutes that helped fuel the rally on Wall Street were accidentally released a day early. Ashley Morrison reports.
Brooks Sports: Running toward success in a niche market

Several years ago, Brooks Sports was near bankruptcy. Company CEO Jim Weber decided to zero in on running shoes, and poured money into product research. Today, the company is second only to Asics in the running shoe market.
Google Fiber coming to Austin

Stocks opened higher as investors wait for President Obama to release his budget proposal, car repair prices are rising, and Google is bringing its Fiber internet to Austin, Texas. Ashley Morrison reports.
Calif. bans using map applications while driving

JC Penney is replacing their new CEO with a former one, United Airlines says their Dreamliners should be taking off again at the end of May, and California bans using GPS smartphone apps while driving. Ashley Morrison reports.

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