How rich is Harvard? It's bigger than the economies of 120 nations.
Ivy League colleges built massive endowments partly through alumni donations. Some gifts have come under threat amid turmoil over antisemitism.
MoneyWatch
Latest News
Apple releases Stolen Device Protection feature
New feature adds a layer of security in the event a thief obtains your iPhone password.
Users of recalled Philips CPACs can now claim settlement. Here's who to file a claim.
Cash awards are now available related to recalled devices sold in the U.S. between 2008 and 2021, administrator says.
The "American Dream" costs far more than most people will ever earn
The cost of raising kids, buying a home and achieving other traditional milestones today far exceeds a typical worker's earnings, one analysis finds.
Can you gift a stock? How to buy and give shares properly
Here's what to know about giving stock as a gift, including how to buy stock for a child to teach them about investing.
Prince Harry and Meghan's foundation sees $11 million drop in donations
The charitable foundation founded by the Duke and Duchess of Sussex receieved just $2 million in donations in 2022.
Inflation eased in November as gas prices fell
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
Sports Illustrated publisher fires CEO following AI controversy
The Arena Group has fired a few executives following public backlash over Sports Illustrated's alleged use of AI to create fake content.
4 couponing apps that can help save money on holiday shopping
Use these apps to earn cashback and rewards on holiday shopping purchases to avoid blowing your budget as gift prices rise.
Managing Your Money
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How your 2023 home equity loan can be deducted from your taxes next year
There are a few rules you need to know if you want to deduct your home equity loan payments on your tax return.
The best short- and long-term CDs to open in December 2023
Today's high-rate environment means that there are lots of solid CD options to consider. Here are the best ones.
With inflation cooling will home equity loan rates drop?
Home equity loan rates may drop in the future but it's probably not a good idea to wait to access the money you need.
Retirement
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You're probably planning for retirement wrong. Here's why.
Only about 1 in 10 Americans understands the basics of longevity, or how long they'll live in retirement. Can you pass the test?
Millions of older workers are nearing retirement with nothing saved
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
Here's how much money Americans think they need to retire comfortably
The gap between what people think they'll need for old age and their actual savings is massive, even for those nearing retirement.
Social Security's 2023 COLA was 8.7%. It may be stingier in 2024.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
Inflation is ruining Americans' efforts to save for retirement
Even a brief interruption in plan contributions can affect people's financial goals years down the road, experts say.
Money Tech
Elon Musk restores X account of far-right conspiracy theorist Alex Jones
Alex Jones, the conspiracy theorist known for his fake news site InfoWars and his false denial of the Sandy Hook massacre, was permanently banned from Twitter in 2018.
Think twice before scanning a QR code — here's why
More than 90 million consumers will scan a QR code this year. But the technology can also facilitate identity theft.
Elon Musk says advertiser boycott at X could "kill the company"
The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."
OpenAI says Sam Altman returning as CEO days after board sacked him
OpenAI co-founder Sam Altman says he's looking forward to returning to the company, with the support of Microsoft's CEO, to build the 2 companies' "strong partnership."
Elon Musk says X will donate ad, subscription revenue tied to Gaza war
Musk, who is under fire for supporting an antisemitic post, said the money will be donated to hospitals in Israel and to the Red Cross in Gaza.
Microsoft hires Sam Altman 3 days after OpenAI fired him as CEO
Altman landed at Microsoft, the biggest investor in OpenAI, as former Twitch leader Emmett Shear was named OpenAI's new chief executive.
Elon Musk endorses antisemitic post on X as "the actual truth"
Elon Musk, the world's richest person, said he agreed with an X post that claims that Jews are pushing "hatred against whites."
Okta's stock slumps after security company says it was hacked
Shares of the security software maker, which protects some of the world's biggest companies, fell after it said a customer tool was compromised.
Best Buy set to stop selling DVD and Blu-ray discs
Best Buy joins Netflix in recently lowering the curtain on sales of DVDs and Blu-rays, with the retailer saying the move will save space.
Latest News
Biden: Failure to pass Ukraine funding would be "Christmas gift" to Putin
Ukrainian President Volodymyr Zelenskyy made his second visit to Washington in three months.
White House lays out offer on immigration changes in talks with Congress
The White House informed Senate Democrats that it could back sweeping hardline immigration policy changes as part of the negotiations over President Biden's emergency funding request.
Andre Braugher, "Brooklyn Nine-Nine" actor, dies at age 61
Andre Braugher, known for roles in "Brooklyn Nine-Nine," "Homicide: Life on the Street" and "Men of a Certain Age," has died at the age of 61.
N.Y. Court of Appeals sides with Dems, orders redrawing of congressional maps
The battle for control of the House of Representatives in 2024 just got a lot more complicated and intense.
Biden says Netanyahu's government needs to change
President Biden has recently been more open in expressing how tenuous global support for Israel is.
New Hampshire Governor Chris Sununu endorses Nikki Haley
Nikki Haley has been campaigning heavily in New Hampshire and has surged to second place in polling behind Donald Trump.
Pregnant woman suing over abortion learns embryo has no cardiac activity
Attorneys for a pregnant woman in Kentucky who's suing for the right to an abortion say the woman's embryo no longer has cardiac activity.
Body pulled from Chicago pond amid search for missing teen Brissa Romero
Romero's car was pulled out of the same pond on Monday.
Man charged in stabbing death of Catholic priest
A man has been charged with first-degree murder in the death of a Catholic priest who was assaulted at his church in Nebraska on Sunday.
U.S.
More U.S.
Andre Braugher, "Brooklyn Nine-Nine" actor, dies at age 61
Andre Braugher, known for roles in "Brooklyn Nine-Nine," "Homicide: Life on the Street" and "Men of a Certain Age," has died at the age of 61.
N.Y. has amassed 1.3M pieces of evidence in Santos case, attorney says
Santos faces a slew of federal charges related to alleged fraud and campaign finance violations, detailed in a pair of federal indictments handed down earlier this year.
How Tennessee's "high-dosage tutoring" is helping students
Test scores have dropped nationwide since the pandemic, but Tennessee is using a combination of relief funds and grants to pay for tutoring to help get kids back up to speed.
Why dictionary.com's word of the year is "hallucinate"
"Hallucinate" has entered the mainstream recently due to its use in artificial intelligence.
Taylor Swift donates $1 million to Tennessee for tornado relief
The severe storms left six people dead, dozens injured, and caused widespread damage to homes and businesses.
MoneyWatch
More MoneyWatch
Apple releases Stolen Device Protection feature
New feature adds a layer of security in the event a thief obtains your iPhone password.
Prince Harry and Meghan's foundation sees $11 million drop in donations
The charitable foundation founded by the Duke and Duchess of Sussex receieved just $2 million in donations in 2022.
Users of recalled Philips CPACs can now claim settlement
Cash awards are now available related to recalled devices sold in the U.S. between 2008 and 2021, administrator says.
How rich is Harvard? It's bigger than the economies of 120 nations.
Ivy League colleges built massive endowments partly through alumni donations. Some gifts have come under threat amid turmoil over antisemitism.
Sports Illustrated publisher fires CEO following AI controversy
The Arena Group has fired a few executives following public backlash over Sports Illustrated's alleged use of AI to create fake content.
Politics
More Politics
N.Y. has amassed 1.3M pieces of evidence in Santos case, attorney says
Santos faces a slew of federal charges related to alleged fraud and campaign finance violations, detailed in a pair of federal indictments handed down earlier this year.
N.Y. Court of Appeals orders redrawing of congressional maps
The battle for control of the House of Representatives in 2024 just got a lot more complicated and intense.
Christie looks to McCain's 2008 primary bid as model for his campaign
At about this point in 2007, McCain was polling third in New Hampshire, trailing both Mitt Romney and Rudy Giuliani, and as Christie recalls, his prospects looked dim.
White House lays out offer on immigration changes in talks with Congress
The White House informed Senate Democrats that it could back sweeping hardline immigration policy changes as part of the negotiations over President Biden's emergency funding request.
Trump's defense concludes its case in New York fraud trial
Lawyers for former President Donald Trump ended a month-long procession of more than a dozen witnesses Tuesday.
HealthWatch
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Katie Micucci says she had lung cancer despite never smoking cigarettes
"They caught it really early," Micucci said in a TikTok video. "It's really weird, because I've never smoked a cigarette in my life so, you know, it was a surprise."
Users of recalled Philips CPACs can now claim settlement
Cash awards are now available related to recalled devices sold in the U.S. between 2008 and 2021, administrator says.
Texas Supreme Court blocks abortion
The Texas Supreme Court ruled against 31-year-old Kate Cox to receive an abortion just hours after she left the state to receive the procedure. CBS News' Janet Shamlian has the latest.
Millions in opioid settlement funds sit untouched as overdose deaths rise
Some states haven't begun using opioid settlement funds intended to help curb the opioid epidemic. Meanwhile, more than 100,000 Americans died of an overdose last year.
New sickle cell treatment has roots at Children's Hospital of Philadelphia
CHOP pioneered a gene therapy that's already helping patients who have sickle cell disease, an inherited blood disorder.
World
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Argentina announces a 50% devaluation of its currency
The sharp devaluation of its currency and other cuts are needed to deal with an economic "emergency," said President Javier Milei.
Bodies of 2 hostages recovered in Gaza, Israel says
Israeli military said they recovered the bodies of two hostages during an operation in Gaza and were brought back to Israel on Tuesday.
Biden to meet with families of Americans taken hostage by Hamas
The event will mark the first time President Biden will meet in-person with the families of Americans who were taken hostage by Hamas.
At least 23 troops killed in Pakistan police station suicide bombing
Pakistani officials say a suicide bomber detonated his explosive-laden vehicle at a police station's main gate in the country's northwest, killing at least 23 security forces and wounding 32.
Far-right lawmaker douses menorah candles in Poland's parliament
The speaker of the parliament denounced lawmaker Grzegorz Braun for putting out the Hanukkah menorah candles and said there would be no tolerance for antisemitism.
Entertainment
More Entertainment
Andre Braugher, "Brooklyn Nine-Nine" actor, dies at age 61
Andre Braugher, known for roles in "Brooklyn Nine-Nine," "Homicide: Life on the Street" and "Men of a Certain Age," has died at the age of 61.
Taylor Swift donates $1 million to Tennessee for tornado relief
The severe storms left six people dead, dozens injured, and caused widespread damage to homes and businesses.
Katie Micucci says she had lung cancer despite never smoking cigarettes
"They caught it really early," Micucci said in a TikTok video. "It's really weird, because I've never smoked a cigarette in my life so, you know, it was a surprise."
Julia Roberts talks how "Leave the World Behind" blends themes
The apocalyptic thriller has quickly climbed to the top of the charts, becoming the No. 1 movie in the U.S. on Netflix.
Julia Roberts on iconic roles
CBS Mornings co-host Gayle King asks Hollywood superstar Julia Roberts where she thinks iconic characters from “Mystic Pizza,” "Pretty Woman," "My Best Friend's Wedding," "Runaway Bride," "Notting Hill," and "The Pelican Brief" would be today.
Technology
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Technology
What the Google antitrust ruling means
A federal jury sided with Epic Games after they alleged that Google has been exploiting its wealth and control of the Android software that powers most of the world's smartphones. Nico Grant, a technology reporter at The New York Times, joins CBS News with the latest moves in the case that alleges Google engaged in an illegal monopoly.
European Union makes deal for AI rules
European Union officials have negotiated the world's first comprehensive set of artificial intelligence regulations. The landmark AI Act seeks to protect against such risks as misinformation and job automation. The EU is expected to ratify the deal early next year with the law expected to take full effect in 2025. Kelvin Chan, a business writer for the Associated Press, joined CBS News to discuss the legislation.
Google loses antitrust fight with Epic Games
A federal jury has ruled that the Google Play Store is an illegal monopoly. The ruling stems from a lawsuit brought by Epic Games, the creator of "Fortnite," accusing Google of preventing competition between apps. Meghan Bobrowsky, a tech reporter for The Wall Street Journal, joined CBS News to discuss the case.
Epic Games wins antitrust case against Google
A federal jury on Monday ruled in favor of Epic Games in the "Fortnite" maker's antitrust lawsuit against Google, deciding the Android app store has benefited from anticompetitive barriers that have ultimately damaged consumers and developers. Washington Post tech reporter Gerrit De Vynck joins CBS News to unpack the case.
Jury decides Google's Android app store benefits from anticompetitive barriers
Epic Games, the maker of Fortnite, filed a lawsuit against Google three years ago, alleging that Google's Android app store has been protected by anticompetitive barriers.
Science
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Science
COP28 extended due to fossil fuel debate
The COP28 climate talks have gone into overtime as nearly 200 nations try to reach an agreement over the future of fossil fuel use. CBS News senior national and environmental correspondent Ben Tracy joins to unpack the debate.
COP28 agreement stalls on fossil fuel debate
There is still no final agreement in place at the COP28 climate summit in Dubai as some nations argue for language about phasing out fossil fuel use. CBS News senior national and environmental correspondent Ben Tracy is following the debate.
30-ton whale filmed swimming with beachgoers dies after stranding
The whale was first seen swimming off a Western Australia beach on Saturday, officials said.
Critics blast draft of new COP28 agreement
The annual U.N. climate summit, COP28, has reached its final day, but tensions are flaring and talks remain divided as many climate scientists and advocates are blasting a draft of a final agreement for the conference. They say it does not do nearly enough to address the climate crisis. CBS News senior national and environmental correspondent Ben Tracy has more.
COP28 draft omits phaseout of fossil fuels
The latest draft of the agreement from the COP28 climate summit in Dubai, United Arab Emirates, does not mention the phasing out of fossil fuels, which was expected by climate activists. CBS News senior national and environmental correspondent Ben Tracy looks at the impact of the decision.
Crime
More Crime
Young Thug's trial delayed after co-defendant stabbed in jail
Prosecutors say Young Thug led a violent street gang called Young Slime Life, or YSL, that was responsible for killings, shootings, carjackings and other crimes.
Man charged in stabbing death of Catholic priest
A man has been charged with first-degree murder in the death of a Catholic priest who was assaulted at his church in Nebraska on Sunday.
Common theme in two big Texas murder cases: Escapes from ankle monitors
Two suspects in one case cut their monitors off and fled the U.S. The other is being held in shootings that left six people dead in Austin and San Antonio this month.
Cartel leaders kill corrupt officers who stole drug shipment in Tijuana
The killings suggest the cartel believed to have owned the drugs may have launched a generalized retribution.
Former chef charged with 14 counts of murder for selling suicide kits
Kenneth Law already faces charges for allegedly "counseling or aiding" suicides across Ontario province, according to documents.
Space
More Space
SpaceX delays Falcon Heavy launch to put military spaceplane in orbit
SpaceX tentatively plans to make another attempt to launch a Falcon Heavy rocket and a less-powerful Falcon 9 on Tuesday.
First tomato ever grown in space, lost 8 months ago, found by astronauts
Astronauts in the International Space Station said they found the rogue fruit, dispelling claims that astronaut Frank Rubio ate it.
Bright star will vanish in one-of-a-kind eclipse. Here's how to watch it.
Betelgeuse, one of the biggest and brightest stars in the night sky, will momentarily vanish as an asteroid passes in front of it to produce a one-of-a-kind eclipse.
Russian cargo ship docks at International Space Station
A guidance system problem during final approach prompted two space station cosmonauts to take over by remote control.
NASA "unlikely" to launch Artemis moon landing flight in 2025, GAO says
NASA is facing challenges with SpaceX's moon lander and the new Axiom spacesuits for moonwalkers.
Latest Galleries
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Matthew Trussler murder: Inside the case
Matthew Trussler was found dead at the home he shared with his fiancée Melissa Turner. See the evidence that led to authorities piecing together his death.
Catching a killer clown
Marlene Warren answered the door to her Wellington, FL, home and was fatally gunned down by a mysterious clown. Despite eyewitnesses, circumstantial evidence, and the identification a suspect early on, it would take more than 30 years for her killer to face justice.
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Becky Bliefnick texted about fear of her estranged husband
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
CBS News National: Latest Videos
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CBS News National: Latest Videos
12/12: America Decides
President Biden meets with Ukrainian President Volodymyr Zelenskyy at White House amid stall in aid; How lawmakers are responding to Zelenskyy’s visit.
"CBS Evening News" headlines for December 12, 2023
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
White House open to new border policies
CBS News has learned the Biden administration is open to supporting new border authority to expel migrants and expand detention policies in a bid to win over Republican support for Ukraine. Camilo Montoya-Galvez has more.
Zelenskyy, Biden meet at White House
Ukrainian President Volodymyr Zelenskyy met with President Biden at the White House on Monday to request more aid for his country's fight against the ongoing Russian invasion. The two leaders held a press conference urging Congress to approve more funding. Ed O'Keefe reports.
Trump's phone records may be used in trial
Special counsel Jack Smith said prosecutors have obtained former President Trump's cell phone data from inside the White House on and around Jan. 6, 2021. The information could be used in the special counsel's election interference case. Robert Costa has the details.