SVB and First Republic's problems aren't going away. Here's why.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
MoneyWatch
Latest News
Amazon to lay off 9,000 employees — on top of 18K in January
The company announced a second round of layoffs to cope with "the uncertain economy," CEO Andy Jassy said in a memo.
First Republic Bank woes mount despite Wall Street rescue
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
UBS to purchase Credit Suisse amid fallout from U.S. bank collapses
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
Twitter's press email is automatically "pooping" on the media
Under Elon Musk, who has accused journalists of bias, Twitter no longer makes an effort to answer journalists' questions.
States say Hyundai and Kia have failed to stop car thefts
TikTok videos are contributing to a surge in thefts of vehicles made by the automakers, state legal officials say.
Banks are running scared. Is the Fed about to make things worse?
Analysts warn that a move by the central bank to further hike interest rates next week could cause more banks to topple.
Biden issues first veto, rejecting GOP-led bill to reverse investing rule
The resolution would have nixed a Labor Department rule over how retirement plan managers pick investments.
Credit Suisse shares slide after UBS buys it for $3.2 billion
"Only time will tell how this shotgun wedding is received," one analyst said of merger uniting the Swiss banks.
Managing Your Money
More
Why spring is a good time for homebuyers
Timing your house hunt right can make the whole process easier. Here's why spring can be a great season for home buying.
Pet insurance for dogs: Important facts to know
Pet insurance can be a cost-effective and valuable way to protect your dog. Here are three important facts to know.
Gold investing dos & don'ts
Gold is a smart way to diversify your portfolio. Here's what you need to know to start investing in it.
Retirement
More
How your ex could boost your Social Security benefits
Divorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
Difficult economy and loneliness forces some retirees to move in with family
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
One way to fix Social Security? "Smash the cap"
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
Millions of Americans nearing retirement age with no savings
According to U.S. Census Bureau data, 50% of women and 47% of men between the ages of 55 and 66 have no retirement savings.
The importance of preparing emotionally for retirement
Retirement is a seismic life change that can impact mental health, with one study suggesting it increases the likelihood of depression.
Money Tech
Twitter's press email is automatically "pooping" on the media
Under Elon Musk, who has accused journalists of bias, Twitter no longer makes an effort to answer journalists' questions.
Lawsuits against Twitter allege millions in unpaid expenses
Landlords, vendors and others have filed cases against the social media giant, where CEO Musk is trying to cut expenses.
Yahoo plans to cut 20% of its workers as tech layoffs pile up
Tech companies have cut more than 60,000 jobs in the past month alone, reversing a hiring spree during the pandemic.
Here's how people in 3 different industries use ChatGPT for work
ChatGPT has already become an integral part of how many workers do their jobs in real estate, finance and more.
Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
Microsoft unveils search engine with ChatGPT-like functions
Tech giant is building artificial intelligence directly into Bing, CEO Satya Nadella tells "CBS Mornings."
Alphabet rolls out chatbot "Bard," its answer to ChatGPT
AI tool can help users decide which instrument to learn or explain complex topics, according to CEO Sundar Pichai.
Dell joins parade of tech giants slashing their workforces
The computer maker said it is cutting 5% of its workforce as consumer demand fades.
How will Netflix stop you from sharing your password?
Streaming company said a crackdown is coming by March, but a similar effort in other countries yielded mixed results.
Latest News
D.A. saw case against Trump as potentially "charge ready" years ago
In a 2020 interview with CBS News, Alvin Bragg, then a Democratic candidate for Manhattan district attorney, shared some thoughts about the probe into then-President Trump and his former "fixer," Michael Cohen.
CDC warns of "alarming" rise of potentially deadly fungal threat
Reports of patients with the drug-resistant fungal infection Candida auris have accelerated in recent years.
China's Xi visits Moscow to meet with Putin as Ukraine war rages
Xi reportedly said he was confident his visit would boost the two nations' "comprehensive partnership and strategic cooperation in a new era."
American held hostage since 2016 in West Africa released
Jeff Woodke, an American aid worker, was taken from his home in Abalak, Niger, in 2016.
Attorney seeks to discredit Michael Cohen in Trump grand jury probe
Robert Costello, a former legal adviser to Cohen, alleges Cohen is lying about whether Trump knew about a hush money payment to Stormy Daniels.
3 men found guilty in 2018 murder of rapper XXXTentacion
A jury in Broward County, Florida, returned guilty verdicts today for all three men on trial for robbing and killing the late artist.
What are the worst cities to live in if you have allergies?
A new Asthma and Allergy Foundation of America report identified the worst cities to live in if you have allergies.
Time to "defuse the climate time bomb" running out fast, U.N. warns
"Humanity is on thin ice, and that ice is melting fast," the U.N. chief said, calling a new report on the rate of climate change "a survival guide for humanity."
Idaho poised to to pass bill that allows firing squad execution
The bill is headed to the governor's desk after passing the legislature with a veto-proof majority.
U.S.
More U.S.
Attorney seeks to discredit Michael Cohen in Trump grand jury probe
Robert Costello, a former legal adviser to Cohen, alleges Cohen is lying about whether Trump knew about a hush money payment to Stormy Daniels.
What are the worst cities to live in if you have allergies?
A new Asthma and Allergy Foundation of America report identified the worst cities to live in if you have allergies.
D.A. saw case against Trump as potentially "charge ready" years ago
In a 2020 interview with CBS News, Alvin Bragg, then a Democratic candidate for Manhattan district attorney, shared some thoughts about the probe into then-President Trump and his former "fixer," Michael Cohen.
Mountain lion claws Colorado man soaking in hot tub, officials say
The victim said he and his wife were in the hot tub when he felt something grab his head.
Shaq sparks concern with hospital bed tweet
Shaq's fellow sportscaster Ernie Johnson has assured The Big Aristotle's fans that the icon was just "getting a new hip."
MoneyWatch
More MoneyWatch
First Republic Bank woes mount despite Wall Street rescue
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
States say Hyundai and Kia have failed to stop car thefts
TikTok videos are contributing to a surge in thefts of vehicles made by the automakers, state legal officials say.
SVB and First Republic's problems aren't going away. Here's why.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
Banks are running scared. Is the Fed about to make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Biden issues first veto, rejecting GOP-led bill to reverse investing rule
The resolution would have nixed a Labor Department rule over how retirement plan managers pick investments.
Politics
More Politics
Attorney seeks to discredit Michael Cohen in Trump grand jury probe
Robert Costello, a former legal adviser to Cohen, alleges Cohen is lying about whether Trump knew about a hush money payment to Stormy Daniels.
D.A. saw case against Trump as potentially "charge ready" years ago
In a 2020 interview with CBS News, Alvin Bragg, then a Democratic candidate for Manhattan district attorney, shared some thoughts about the probe into then-President Trump and his former "fixer," Michael Cohen.
Biden signs bills reversing D.C. crime changes, declassifying COVID-19 info
Both measures received bipartisan support on Capitol Hill.
Judge in Trump case in Fulton County reflects on case: "It's different"
For roughly eight months, Fulton County Superior Court Judge Robert McBurney oversaw the special purpose grand jury.
Biden to award first batch of arts and humanities medals
Bruce Springsteen, Mindy Kaling and Gladys Knight are among the artists being honored by President Biden with the National Medal of Arts on Tuesday.
Health
More Health
What are the worst cities to live in if you have allergies?
A new Asthma and Allergy Foundation of America report identified the worst cities to live in if you have allergies.
The challenges of in-vitro fertilization
Infertility affects millions of Americans who often suffer in silence. In the series "Facing Fertility," Nikki Battiste takes a look at the emotional and financial challenges of in-vitro fertilization.
What is xylazine, the veterinary sedative being found in the U.S. drug supply?
The drug has been found in an increasing number of overdoses and overdose deaths.
CDC warns of "alarming" rise of potentially deadly fungal threat
Reports of patients with the drug-resistant fungal infection Candida auris have accelerated in recent years.
Xylazine, fentanyl mixtures found in almost every state, DEA warns
Xylazine, a sedative approved for animals, is increasingly being found mixed with fentanyl, authorities said.
World
More World
Biden signs bills reversing D.C. crime changes, declassifying COVID-19 info
Both measures received bipartisan support on Capitol Hill.
Finland remains world's happiest country on International Day of Happiness
The World Happiness Report ranked the Nordic state first for the sixth consecutive year.
Credit Suisse shares slide after UBS buys it for $3.2 billion
"Only time will tell how this shotgun wedding is received," one analyst said of merger uniting the Swiss banks.
American held hostage since 2016 in West Africa released
Jeff Woodke, an American aid worker, was taken from his home in Abalak, Niger, in 2016.
Time to "defuse the climate time bomb" running out fast, U.N. warns
"Humanity is on thin ice, and that ice is melting fast," the U.N. chief said, calling a new report on the rate of climate change "a survival guide for humanity."
Entertainment
More Entertainment
The Weeknd is the world's most popular artist, Guinness World Records says
The Weeknd recently became the first artist to reach 100 million monthly listeners on the music streaming platform Spotify.
"Ted Lasso" cast visits White House to promote mental health care
Actor Jason Sudeikis and cast members of the show "Ted Lasso" visited the White House visit to encourage people to check in with friends, family and colleagues to "ask how they're doing."
Bruce Willis celebrates 68th birthday with family after dementia diagnosis
Demi Moore, Willis' ex-wife, shared a video of their family celebrating the actor.
Adam Sandler receives Mark Twain Prize for American Humor
Sandler was celebrated by fellow comics and actors, including Jennifer Aniston, Chris Rock and Conan O'Brien.
Al Franken returns to late-night comedy with stint as "Daily Show" host
The former senator and "SNL" writer says an abundance of news makes his return to late-night easier.
Technology
More Technology
Twitter's press email is automatically "pooping" on the media
Under Elon Musk, who has accused journalists of bias, Twitter no longer makes an effort to answer journalists' questions.
TikTok parent company under investigation
The Justice Department is investigating TikTok's parent company for possibly spying on American citizens, including journalists, CBS News has confirmed. The popular app is owned by China-based ByteDance. Forbes technology reporter Emily Baker-White said the company improperly accessed her data, and she joined "CBS News Mornings" to discuss.
Smart home security tips for personal and cyber protection
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
Meta launches paid verification subscription service in U.S.
The launch comes the same week that the company laid off about 10,000 workers.
DOJ investigating TikTok parent company for possible spying on U.S. citizens
News of the probe comes as U.S. lawmakers have ramped up calls for action against the widely popular social media app.
Science
More Science
Science
U.N. warns we must act on climate change
The world must take action to "defuse the climate time bomb," the United Nations secretary-general said as the U.N. released its latest report. "Prime Time" host John Dickerson discusses the warning with Mark Hertsgaard, co-founder and executive director of Covering Climate Now.
Time to "defuse the climate time bomb" running out fast, U.N. warns
"Humanity is on thin ice, and that ice is melting fast," the U.N. chief said, calling a new report on the rate of climate change "a survival guide for humanity."
New genetic analysis finds clues to animal origin of COVID outbreak
Analysis presented to the WHO offers clues to whether animals, possibly raccoon dogs, were infected at the Huanan animal market in early 2020.
Rocket Lab launches imaging radar satellites for Capella Space
The Capella Space satellites use cloud-piercing radar to monitor Earth around the clock, regardless of weather.
Wet weather in West will bring drought relief
NOAA's U.S. spring outlook predicts more wet weather will help improve the severe drought across the Western United States. CBS News senior national and environmental correspondent Ben Tracy joins CBS News to discuss.
Crime
More Crime
Crime
Texas high school student shot and killed
One student is dead and another is in custody and facing a murder charge after a shooting outside a high school in Arlington, Texas.
2 fatal shootings in Miami Beach over spring break
The city of Miami Beach declared a state of emergency and enacted a curfew over the weekend following two fatal shootings. The city has for years had trouble dealing with the large crowds that come for spring break. CBS Miami's Gabby Arzola has the latest.
4 found guilty of conspiracy in third Oath Keepers Jan. 6 trial
They were convicted of conspiracy and obstruction charges stemming from the attack on the U.S. Capitol in the latest trial involving members of the far-right group.
Suspects wanted for painting swastikas on Nashville homes
At one of the targeted homes, one of the suspects spray-painted a Ring camera, which still recorded the suspect tearing down a flag the family had on their porch.
3 men found guilty in 2018 murder of rapper XXXTentacion
A jury in Broward County, Florida, returned guilty verdicts today for all three men on trial for robbing and killing the late artist.
Space
More Space
Mystery solved after strange streaks of light seen in California sky
The flaming bits of wreckage created a "spectacular light show" and were going thousands of miles per hour, an astronomer said.
Scientists discover volcanic activity on Venus
NASA's Magellan spacecraft collected images of the planet's surface between 1990 and 1992, and researchers recently searched that data to study the possible activity of the volcanoes in the terrain.
Rocket Lab launches imaging radar satellites for Capella Space
The Capella Space satellites use cloud-piercing radar to monitor Earth around the clock, regardless of weather.
SpaceX cargo ship docks with space station
The spacecraft delivered more than 3 tons of equipment and supplies, including fresh fruit for the space station crew.
NASA's new moonwalking spacesuit unveiled
NASA and Axiom Space are unveiling the design of the new spacesuit that will be worn by the next man and first woman to land on the moon as part of the Artemis III mission. Mark Strassmann traveled to Houston to get a sneak peek of the new suit.
Latest Galleries
More Latest Galleries
Rare photos from the 1976 Chowchilla bus kidnapping
A look inside the truck trailer where 26 abducted school children and their bus driver were buried alive -- and later escaped.
World News Roundup's 85th anniversary
America's longest-running news broadcast program celebrates three-quarters of a century on the air
Young witness found herself at the scene of a crime
What Angelina Fernandes saw the night her mother was accused of murder.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
Michelle Renee case evidence: Kidnapped and threatened with dynamite
A look into the evidence from the 2000 hostage situation and bank robbery that changed a mother and daughter's lives.
Latest Videos
More Latest Videos
Latest Videos
LAUSD Superintendent Alberto Carvalho says all schools will be closed due to employee strike
LAUSD Superintendent Alberto Carvalho provides the latest on the labor negotiations and family resources that will be available during a three-day employee strike set to begin Tuesday.
Eye on America: Earthquake protection and more
In Los Angeles, we see how thousands of buildings are undergoing mandatory retrofitting to help withstand the next big earthquake. And in Washington, D.C., we investigate why some LGBTQ veterans are still fighting for honorable discharges. Watch these stories and more on "Eye on America" with host Michelle Miller.
U.N. warns we must act on climate change
The world must take action to "defuse the climate time bomb," the United Nations secretary-general said as the U.N. released its latest report. "Prime Time" host John Dickerson discusses the warning with Mark Hertsgaard, co-founder and executive director of Covering Climate Now.
3/20: CBS News Prime Time
John Dickerson reports on Vladimir Putin's meeting with Xi Jinping, the war in Iraq 20 years later, and why a United Nations climate report says we're on "thin ice."
Cast of "Ted Lasso" visits White House
The cast of "Ted Lasso" visited the White House on Monday to discuss the importance of addressing mental health.