The USPS expected to break even this year. It just lost $6.5 billion.
The postal service is in the midst of a 10-year plan to achieve profitability, but inflation is hindering its turnaround.
MoneyWatch
Latest News
Trump's money-losing Truth Social may not survive, accountants warn
Although Truth Social aspires to compete with Big Tech, the conservative-friendly social network's financial performance has slumped badly.
ESPN launches sportsbook in move to cash in on sports betting boom
ESPN Bet, which will be available online and through a mobile app, faces entrenched competitors in DraftKings and FanDuel.
Southwest Airlines raises prices on alcohol ahead of the holidays
Discount carrier confirms that, starting on Wednesday, buying beer, wine or liquor on its flights will cost more.
The SAG-AFTRA strike is over. Here are 6 things actors got.
The union for film and TV actors say their strike-ending labor deal, which includes AI protections, is a big win for performers.
McDonald's to release Grimace and Hamburglar Crocs. Cost: $75.
McDonald's is partnering with Crocs to sell clogs, socks and charms inspired by the fast-food company's mascots.
Inflation eased in October as prices for gasoline and cars cooled off
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
Biden's limit on drug industry middlemen backfires, pharmacists say
A federal rule taking effect Jan. 1 was intended to stop abuses by pharmacy benefit managers, but some pharmacists say it's making things worse.
Starbucks' unionized workers plan walkout on "Red Cup Day" this week
Work stoppages to come on same day as yearly promotion and impact hundreds of locations, the coffee chain's union says.
Managing Your Money
More
Why you should ladder your CD accounts now
This simple strategy can make CDs an even more useful tool for saving money.
What the inflation news means for your savings
Today's inflation news means that impressive savings returns are likely still up for grabs.
Should seniors invest in 1-gram gold bars?
These small units can be a smart, affordable way to invest in gold — and senior investors may want to consider them.
Retirement
More
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
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.
Meta proposes charging $13 a month for ad-free Instagram in Europe
Meta said it may offer a paid-subscription service to comply with European Union privacy rules restricting personalized ads.
Apple to fix iPhone 15 bug blamed for phones overheating
Apple plans to upgrade the iPhone 15's operating system to prevent it from overheating and becoming uncomfortable to hold.
Amazon invests $4 billion in AI startup known for ChatGPT rival Claude
Anthropic will use Amazon's cloud services and machine-learning chips to train and deploy its ChatGPT rival, Claude.
iPhone 15 demand beats expectations, as fans worldwide line up to buy
Consumers are snatching up the iPhone 15 as they look to swap their old devices for something newer and more powerful, analysts said.
How the AI revolution is different: It threatens white-collar workers
Emerging forms of artificial intelligence could displace a range of "knowledge workers," new analysis finds.
Apple iOS 17: What it offers and how to get it
Apple's newest software update brings several new features to iPhones, including Standby mode and live voicemail transcribing.
Rack up charges playing Fortnite? You may be able to claim a refund.
The FTC is alerting 37 million people that they may qualify for a refund under a federal settlement with Fortnite-maker Epic Games.
Latest News
House passes short-term funding plan to avert government shutdown
The House voted to keep government agencies funded until at least Jan. 19 in a bipartisan vote.
With infants at risk, Biden says Gaza hospitals "must be protected"
Biden calls for Gaza hospitals to be protected as Israeli troops surround the biggest medical facility, and infants' lives are caught in the middle of the war with Hamas.
Manchin says there is "plenty of time" to decide whether he'll make a third-party bid for president
Sen. Joe Manchin spoke with "CBS Evening News" anchor and managing editor Norah O'Donnell for his first interview since announcing he won't run for reelection.
6 dead after semi crashes into bus carrying students in Ohio
A charter bus carrying students from Tusky Valley was rear-ended by a semitruck in Ohio highway, officials said.
Tearful David DePape testifies in the Paul Pelosi assault trial; "I'm sorry that he got hurt"
David DePape took the stand Tuesday morning in his federal trial and tearfully recounted his motivations - fueled by conspiracy theories and right-wing media - that led to the bludgeoning of Paul Pelosi, husband of then-House Speaker Nancy Pelosi, at their San Francisco mansion last year.
Matt LeBlanc, Courteney Cox remember Matthew Perry
"The times we had together are honestly among the favorite times of my life," Matt LeBlanc wrote, while Courteney Cox shared a scene of Monica and Chandler waking up together for the first time, writing, "I am so grateful for every moment I had with you."
Ohio man ran international drug trafficking operation from prison, feds say
Brian Lumbus Jr. allegedly ran the operation while he was in prison and coordinated with codefendants to distribute illegal drugs in four states, according to an unsealed indictment.
Arrest made in death of ex-NHL player whose throat was cut during game
South Yorkshire Police said a man is being held on suspicion of manslaughter in the death of Adam Johnson.
Life-saving emergency alerts often come too late or not at all
A CBS News investigation found numerous examples across the U.S. where emergency officials failed to issue timely alerts to warn the public about safety threats — or never issued an alert at all.
U.S.
More U.S.
Teachers confront social media misinformation as they teach about Israel, Gaza
As teenagers increasingly get their news from social media, teaching about the Israel-Hamas war can be difficult amid a sea of misinformation.
Jury finds Wisconsin woman guilty of poisoning friend with eye drops
A jury on Tuesday found 39-year-old Jessy Kurczewski guilty intentionally of murdering her family friend Lynn Hernan.
ESPN launches sportsbook in move to cash in on sports betting boom
ESPN Bet, which will be available online and through a mobile app, faces entrenched competitors in DraftKings and FanDuel.
This Texas woman — and her new husband — care for her former husband
"I had made vows that I would be with him in sickness and health, and I took that very seriously," Kris Armstrong said of her former husband, Brandon Smith. "I didn't stay married to him, but I wanted to take care of him."
The USPS expected to break even this year. It just lost $6.5 billion.
The postal service is in the midst of a 10-year plan to achieve profitability, but inflation is hindering its turnaround.
MoneyWatch
More MoneyWatch
ESPN launches sportsbook in move to cash in on sports betting boom
ESPN Bet, which will be available online and through a mobile app, faces entrenched competitors in DraftKings and FanDuel.
The USPS expected to break even this year. It just lost $6.5 billion.
The postal service is in the midst of a 10-year plan to achieve profitability, but inflation is hindering its turnaround.
Trump's money-losing Truth Social may not survive, accountants warn
Although Truth Social aspires to compete with Big Tech, the conservative-friendly social network's financial performance has slumped badly.
Southwest Airlines raises prices on alcohol ahead of the holidays
Discount carrier confirms that, starting on Wednesday, buying beer, wine or liquor on its flights will cost more.
McDonald's to release Grimace and Hamburglar Crocs. Cost: $75.
McDonald's is partnering with Crocs to sell clogs, socks and charms inspired by the fast-food company's mascots.
Politics
More Politics
Tearful David DePape testifies in the Paul Pelosi assault trial; "Thought he was dead"
David DePape took the stand Tuesday morning in his federal trial and tearfully recounted his motivations - fueled by conspiracy theories and right-wing media - that led to the bludgeoning of Paul Pelosi, husband of then-House Speaker Nancy Pelosi, at their San Francisco mansion last year.
Manchin says there is "plenty of time" to decide whether he'll make a third-party bid for president
Sen. Joe Manchin spoke with "CBS Evening News" anchor and managing editor Norah O'Donnell for his first interview since announcing he won't run for reelection.
Ohio man ran international drug trafficking operation from prison, feds say
Brian Lumbus Jr. allegedly ran the operation while he was in prison and coordinated with codefendants to distribute illegal drugs in four states, according to an unsealed indictment.
Former Santos fundraiser pleads guilty to wire fraud
GOP Rep. George Santos' former fundraiser, Samuel Miele, faced charges of wire fraud and aggravated identity theft.
House passes short-term funding plan to avert government shutdown
The House voted to keep government agencies funded until at least Jan. 19 in a bipartisan vote.
HealthWatch
More HealthWatch
This Texas woman — and her new husband — care for her former husband
"I had made vows that I would be with him in sickness and health, and I took that very seriously," Kris Armstrong said of her former husband, Brandon Smith. "I didn't stay married to him, but I wanted to take care of him."
Biden's limit on drug industry middlemen backfires, pharmacists say
A federal rule taking effect Jan. 1 was intended to stop abuses by pharmacy benefit managers, but some pharmacists say it's making things worse.
Call for nationwide ban on water beads as parents recount ER visits
Lawmaker to propose legislation that would ban product marketed to children despite being hazardous if swallowed.
Wegovy weight-loss drug cut serious heart risk by 20%, study finds
A new study from drugmaker Novo Nordisk found that its weight-loss drug Wegovy can reduce the risk of heart problems in people without diabetes, which could change the way doctors treat certain heart patients.
New study on weight loss drug Wegovy
A new study published in the The New England Journal of Medicine by the maker of the popular weight loss drug Wegovy finds the medication could lower the risk of serious and even deadly heart problems by 20%. CBS News chief medical correspondent Dr. Jon LaPook joins "CBS Mornings" to discuss.
World
More World
Former police officers in Mexico sentenced for migrant massacre near U.S. border
A court in Mexico has sentenced 11 former police officers to 50 years in prison for the 2021 slayings of 17 migrants and two Mexican citizens in Tamaulipas.
Russian convicted in journalist's murder pardoned after serving in Ukraine
Sergei Khadzhikurbanov was pardoned after serving 6 months on the front lines in Ukraine despite serving less than half his sentence for journalist Anna Politkovskaya's murder.
With infants at risk, Biden says Gaza hospitals "must be protected"
Biden calls for Gaza hospitals to be protected as Israeli troops surround the biggest medical facility, and infants' lives are caught in the middle of the war with Hamas.
Rescuers race to reach 40 workers trapped by tunnel collapse in India
40 Indian workers have been trapped in a partially collapsed tunnel for almost 3 days, and rescuers are racing to bore through tons of debris to free them.
Likelihood of volcanic eruption in Iceland "remains high," officials say
One meteorological office official said he's concerned that a "Hawaiian-style, lava-producing volcanic eruption" could occur in the coming days.
Entertainment
More Entertainment
Matt LeBlanc, Courteney Cox remember Matthew Perry
"The times we had together are honestly among the favorite times of my life," Matt LeBlanc wrote, while Courteney Cox shared a scene of Monica and Chandler waking up together for the first time, writing, "I am so grateful for every moment I had with you."
Jada Pinkett Smith says she will always be by Will Smith's side
While Jada Pinkett Smith and Will Smith's marriage has always been in the spotlight, it received extra attention last year when Will Smith slapped comedian Chris Rock during the Oscars over a joke about her.
The SAG-AFTRA strike is over. Here are 6 things actors got.
The union for film and TV actors say their strike-ending labor deal, which includes AI protections, is a big win for performers.
CBS announces 2024 primetime premiere dates
CBS has announced its premiere dates and rollout plan for its 2024 primetime schedule, which will launch immediately following the Super Bowl on Sunday, Feb. 11.
Gospel singer Bobbi Storm nearly kicked off Delta flight for singing
A clip posted to Bobbi Storm's Instagram shows her singing in the aisle when she is approached by a Delta crew member, who instructs her to sit down and "be quiet."
Technology
More Technology
Trump's money-losing Truth Social may not survive, accountants warn
Although Truth Social aspires to compete with Big Tech, the conservative-friendly social network's financial performance has slumped badly.
Unexpected hurdles to buying electric cars
Buyers are calling out car dealerships nationwide for being unprepared and reluctant to make the switch to electric vehicles, according to a new article in The Washington Post. Shannon Osaka, the Washington Post climate reporter who wrote the article, joined CBS News to discuss the unexpected hurdles.
Creator camps help kids become influencers
Younger generations have expressed interest in pursuing a career as a "YouTuber" or social media influencer. New programs are now teaching kids the skill sets needed to become online content creators -- and they are increasingly popular. Angèle Christin, associate professor of communication at Stanford University, joins CBS News to discuss the emergence of young content creators.
These are the best days to shop for holiday deals on electronics
Consumers trying to get a head start on their holiday shopping can find good deals on TVs, computers and other tech gear, Adobe says.
Is Congress failing to protect kids online?
A large majority of Americans support laws to make the internet safer for children, but Congress has not acted. Columbia Law School professor Tim Wu joins CBS News to discuss the legislative failures -- and share some possible solutions.
Science
More Science
Science
New report on more extreme weather, disasters
The fifth National Climate Assessment report was published Tuesday as President Biden unveiled new funding to combat the effects of climate change on infrastructure and susceptible communities. CBS News senior national and environmental correspondent Ben Tracy looks at the report's findings.
Dire forecast in latest climate report
The National Climate Assessment, a comprehensive federal effort to summarize the effects of climate change on the United States, says that by 2050 coastal flooding will happen five to 10 times more often than it does now. The new report also details the risk climate change poses to the U.S. energy supply. CBS News senior national and environmental correspondent Ben Tracy has more.
NASA telescopes capture "Christmas tree" view of universe
Sparkling and colorful images of faraway galaxy clusters recently released by NASA show one of the most detailed views of the universe ever taken.
Hawaii wildlife refuge pond mysteriously turns bubble-gum pink
Curious visitors have flocked to the Kealia Pond National Wildlife Refuge after images of the pink pond appeared on social media.
Mother shark at Illinois zoo gives birth without needing father
The female epaulette shark was never housed with a male shark but produced a fertile egg, apparently via a process known as parthenogenesis.
Crime
More Crime
Tearful David DePape testifies in the Paul Pelosi assault trial; "Thought he was dead"
David DePape took the stand Tuesday morning in his federal trial and tearfully recounted his motivations - fueled by conspiracy theories and right-wing media - that led to the bludgeoning of Paul Pelosi, husband of then-House Speaker Nancy Pelosi, at their San Francisco mansion last year.
Jury finds Wisconsin woman guilty of poisoning friend with eye drops
A jury on Tuesday found 39-year-old Jessy Kurczewski guilty intentionally of murdering her family friend Lynn Hernan.
"Woman with the flower tattoo" identified 31 years after her murder
The identification of Rita Roberts followed an international appeal on Interpol's Identify Me web page.
Paul Pelosi testifies in federal trial of David DePape, accused in hammer attack
Paul Pelosi on Monday described on the witness stand the shocking intrusion at his and his wife Nancy Pelosi's San Francisco mansion a year ago that culminated in a brutal hammer attack that fractured his skull.
Woman charged in 5-year-old daughter's death nearly 35 years later
Evelyn Odom was arrested and charged with felony murder after her 5-year-old daughter, Kenyatta Odom, was identified nearly 35 years after her death.
Space
More Space
NASA telescopes capture "Christmas tree" view of universe
Sparkling and colorful images of faraway galaxy clusters recently released by NASA show one of the most detailed views of the universe ever taken.
SpaceX launches its 29th cargo flight to the International Space Station
The unpiloted Dragon cargo ship is loaded with 6,500 pounds of research equipment, supplies and fresh food.
Frank Borman, Apollo 8 astronaut who orbited the moon, dies at age 95
Frank Borman flew on the Apollo 8 mission, the first NASA mission to leave low Earth orbit and reach the moon.
Saturn's rings won't be visible in March 2025
Saturn's rings will seemingly disappear from view in 2025, a phenomenon caused by the planet's rotation on an axis.
Europe's Euclid space telescope's first images reveal observatory's power
The $1.5 billion Euclid space telescope is designed to study mysterious dark energy and dark matter, which make up 95% of the universe.
Latest Galleries
More Latest Galleries
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
Latest Videos
More Latest Videos
Latest Videos
"World's most dangerous bird" seen on beach
A creature that some refer to as the "world's most dangerous bird" surprised beachgoers when it was spotted near the water in Bingil Bay in northeastern Australia last month, the Queensland Government said.
Andy Kim on Sen. Menendez and 2024 campaign
Rep. Andy Kim is running to unseat his fellow Democrat and New Jerseyan, the indicted Sen. Bob Menendez. Kim sat down with CBS News congressional correspondent Nikole Killion to discuss his campaign.
What's in the new Supreme Court ethics code?
The Supreme Court stunned Washington on Monday by announcing its adoption of a new code of conduct amid reports that some members accepted gifts and luxury trips from wealthy, politically-aligned individuals. CBS News chief legal correspondent Jan Crawford joins "America Decides" to discuss what the code means for the nine justices and the future of the high court.
What Biden hopes to accomplish with Xi summit
President Biden is in California preparing to sit down Wednesday with Chinese President Xi Jinping. CBS News senior White House correspondent Weijia Jiang joins "America Decides" to preview the high-stakes meeting.
McCarthy denies elbowing GOP congressman
Tennessee Republican Rep. Tim Burchett accused former House Speaker Kevin McCarthy of elbowing him from behind during an interview with a radio reporter Tuesday. McCarthy denied the claims. CBS News congressional correspondent Scott MacFarlane reports.