New tax credits for EVs look generous — but they're complicated
While many EVs qualify for tax credits under inflation bill, no cars sold today likely would get the full $7,500 rebate.
MoneyWatch
Latest News
Grocery costs are surging at the fastest rate since 1979
Americans are dipping into savings and switching to lower-cost brands as food prices climb higher.
IRS could soon increase audits. Should taxpayers be worried?
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
Buying a new car in the U.S. has never been more expensive
"I see nothing but increases for quite some time," said Ivan Drury, senior manager of insights at Edmunds.
USPS will hike prices for holiday shipping — starting in October
Some customers could pay as much as $6.45 in additional costs for mailing packages during the holiday season.
Ex-Trump staffer launching conservative dating app "The Right Stuff"
Only men and women can join the invitation-only app, and users cannot list their preferred pronouns.
CEO who posted crying selfie about layoffs responds to backlash
His response comes after he attempted to be "vulnerable" on LinkedIn and how recent layoffs took an emotional toll on him.
Whole Foods CEO: "Socialists are taking over"
John Mackey, who co-founded the grocery chain, is set to end his 44-year career at the company later this month.
Social Security recipients could see $1,900 boost next year
Consumer prices are cooling but remain near 40-year highs, leading experts to predict a big benefits bump in January.
Managing Your Money
More
How much mortgage can you afford based on your salary, income and assets?
Before you can even start searching for a new home, you first need to zero in on your homebuying budget.
What is a Roth IRA, and how does it work?
Whether you're considering opening a Roth IRA or if you're already using one, it never hurts to understand how it can affect your overall retirement plans.
Your most frequently asked credit card questions, answered
Despite their popularity, credit cards can be confusing. We answer your most frequently asked questions to help you understand how credit cards work and maximize their value.
Money Tech
New tax credits for EVs look generous — but they're complicated
While many EVs qualify for tax credits under inflation bill, no cars sold today likely would get the full $7,500 rebate.
Online prices fall for the first time in two years
Drop in online prices, driven by discounts on electronics and apparel, raises hopes inflation may be turning the corner.
Bankrupt company drops plan to rehire ex-CFO at $93K a month
Investors had panned the proposal while pleading for release of frozen funds: "I'm begging you," wrote one 72-year-old woman.
Amazon to buy Roomba vacuum maker iRobot for $1.7 billion
Robotic vacuum cleaner manufacturer will also lay off 10% of its workers as sales slump.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
Twitter posts quarterly loss ahead of Elon Musk legal fight
Fight with Musk taking a toll, but social media company sees nearly 17% gain in users from the previous year.
Apple slows hiring as tech industry tightens belt, report says
Other tech industry bellwethers are also trimming jobs as they brace for slower consumer spending.
Once-hot NFTs suddenly are not
Hype around nonfungible tokens is starting to fade, but some buyers say they have no regrets.
Amazon sues Facebook group administrators over fake reviews
Retail giant claims "bad actors" on Facebook are recruiting people to post phony reviews about products sold on Amazon.
Latest News
Trump team mulls releasing Mar-a-Lago warrant, inventory, video, photos
The Justice Department asked a judge to unseal the search warrant and inventory, but Trump lawyers are considering releasing material prior to a ruling.
Online violent extremist rhetoric soars after Mar-a-Lago search
The content was flooding far-right message boards and social media platforms. Phrases including "civil war" and "lock and load" trended on several of them.
Anne Heche "not expected to survive" injuries suffered in fiery car crash
Police say they're investigating whether Heche was driving under the influence at the time of the crash. Doctors are exploring whether she can be an organ donor.
Ex-police officer gets more than 7 years in prison in Jan. 6 case
That matches the longest prison sentence so far among hundreds of Capitol riot cases.
Suspect killed in standoff after alleged attempt to breach FBI office in Cincinnati
The suspect died in a gunfire exchange with officers, authorities said.
CDC updates its COVID-19 guidelines in sweeping overhaul
The agency says the new revisions acknowledge "the pandemic is not over" but should not disrupt daily life as much as it used to.
Mark Esper has government-provided "protection 24/7" because of Iran threats
Esper's revelation came soon after the Justice Department charged an Iranian national for plotting the murder of former national security adviser John Bolton.
Whole Foods CEO: "Socialists are taking over"
John Mackey, who co-founded the grocery chain, is set to end his 44-year career at the company later this month.
Cuomo says New York state should pay his legal bills in sexual harassment case
Former New York Gov. Andrew Cuomo wants taxpayers to foot his legal bills to defend himself against a sexual harassment claim brought by one of his state trooper bodyguards.
Small Business
More
Small business faces big challenges: Inflation and 18-hour days
"Would you be comfortable paying $36 for a hamburger? That's kind of what it's worth," says restaurant owner Jenna Petersiel.
For small businesses, looming recession brings uncertainty
But Jessica Johnson-Cope, CEO of a family-owned security services company, remains optimistic even as the U.S. economy darkens.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
How to use your car to earn cash without driving for a living
You don't have to work for Uber or Lyft to make money using your car. Instead, just wrap it in ads.
Optimism among small business owners at historic low amid inflation surge
Nationally, 85% of small businesses experienced financial challenges in the last year, according to the Small Business Credit Survey.
Retirement
More
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
A common retirement strategy can erode your savings: watchdog
Workers who move 401(k)s into IRAs can lose significant money to a choice they didn't have to make, new analysis shows.
How can you financially prepare for a recession?
"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.
Stock drop has erased $3 trillion in retirement savings this year
With Americans' nest eggs mostly held in 401(k)s and IRAs, the swoon could force many to delay their retirement.
Social Security bill would give seniors an extra $2,400 a year
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
U.S.
More U.S.
Ice Age human footprints found in Utah desert: "Lost oasis"
Men find 88 distinct prints left by a mixture of adults and children on what is now the Utah Test and Training Range.
21,000 fish die in "catastrophic failure" at UC Davis
It happened at a research and care facility. The school said, ""The loss appears to be due to chlorine exposure, to which fish are especially sensitive."
Protester says she was injected with sedative against her will
"One of the firefighters came with a needle towards me and I couldn't believe what I was seeing," Kareim McKnight said.
Tim Kaine criticizes Trump, GOP's "violent" rhetoric after Mar-a-Lago search
On "The Takeout" podcast this week, Kaine also offered his analysis of Trump's reaction to the FBI's search of Mar-a-Lago.
Anne Heche "not expected to survive" injuries suffered in fiery car crash
Police say they're investigating whether Heche was driving under the influence at the time of the crash. Doctors are exploring whether she can be an organ donor.
MoneyWatch
More MoneyWatch
Feds consider cracking down on tech firms' data collection
Fitness trackers, "smart" appliances and viral videos all have the potential to compromise your privacy, FTC says.
Grocery costs are surging at the fastest rate since 1979
Americans are dipping into savings and switching to lower-cost brands as food prices climb higher.
Buying a new car in the U.S. has never been more expensive
"I see nothing but increases for quite some time," said Ivan Drury, senior manager of insights at Edmunds.
Whole Foods CEO: "Socialists are taking over"
John Mackey, who co-founded the grocery chain, is set to end his 44-year career at the company later this month.
CEO who posted crying selfie about layoffs responds to backlash
His response comes after he attempted to be "vulnerable" on LinkedIn and how recent layoffs took an emotional toll on him.
Politics
More Politics
Ex-police officer gets more than 7 years in prison in Jan. 6 case
That matches the longest prison sentence so far among hundreds of Capitol riot cases.
Online violent extremist rhetoric soars after Mar-a-Lago search
The content was flooding far-right message boards and social media platforms. Phrases including "civil war" and "lock and load" trended on several of them.
Tim Kaine criticizes Trump, GOP's "violent" rhetoric after Mar-a-Lago search
On "The Takeout" podcast this week, Kaine also offered his analysis of Trump's reaction to the FBI's search of Mar-a-Lago.
DOJ moves to unseal search warrant used to seize docs from Trump's home
Attorney General Merrick Garland revealed he "personally approved" the extraordinary decision to seek the warrant.
Trump team mulls releasing Mar-a-Lago warrant, inventory, video, photos
The Justice Department asked a judge to unseal the search warrant and inventory, but Trump lawyers are considering releasing material prior to a ruling.
Health
More Health
Health
CDC relaxes COVID-19 guidelines
The Centers for Disease Control and Prevention updated its COVID-19 guidance to loosen a number of its recommendations. CBS News' chief medical correspondent Dr. Jon LaPook has the details.
CDC updates its COVID-19 guidelines in sweeping overhaul
The agency says the new revisions acknowledge "the pandemic is not over" but should not disrupt daily life as much as it used to.
Debt lawsuits against relatives and friends of nursing home residents
Along with our partners Kaiser Health News and NPR, CBS News has found that what starts out as a good deed can turn into a legal nightmare in some cases.
As U.S. hits 10,000 monkeypox cases, CDC still aims for "containment"
Every state but one has reported at least one infection in the outbreak, which now ranks as the largest in the world.
Nursing homes sue families to collect debt
In partnership with Kaiser Health News and NPR, CBS News takes a look at an alarming trend of nursing homes filing lawsuits against not only residents, but their friends and family to collect unpaid bills. Often the person being sued has no financial ties to the actual resident or legal responsibility for their debt. Anna Werner has more
World
More World
8 killed as violence flares in Mexican border city of Juarez
Businesses were burned and a local radio presenter was among those killed, authorities and witnesses said.
Mexican soldiers seize almost 1.5 tons of meth from truck near U.S.
The army said troops also found 328 pounds of apparent powdered fentanyl at a checkpoint in the northern state of Sonora, which borders Arizona.
Mark Esper has government-provided "protection 24/7" because of Iran threats
Esper's revelation came soon after the Justice Department charged an Iranian national for plotting the murder of former national security adviser John Bolton.
Family of American fighter captured during war believes he is still in Ukraine
Alex Drueke spoke to his mother and a U.S. State Department case manager Thursday morning, according to a press release from his family.
Afghan families start U.S. resettlement process at repurposed conference center
The National Conference Center in northern Virginia is currently housing 657 Afghan evacuees selected for U.S. resettlement, including 216 children, according to DHS data.
Entertainment
More Entertainment
Anne Heche "not expected to survive" injuries suffered in fiery car crash
Police say they're investigating whether Heche was driving under the influence at the time of the crash. Doctors are exploring whether she can be an organ donor.
Jordan Peele's "Nope" surpasses $100 million at box office
"Nope" is the director's third film to reach the milestone.
Lin-Manuel Miranda slams church for "illegal" production of "Hamilton"
The team behind the original Broadway production said it has sent the church a cease-and-desist letter.
Meek Mill on transforming the justice system
Rapper and "Reform Alliance" co-chair Meek Mill, along with co-chair Michael Rubin, join "CBS Mornings" to discuss the organization's work that's aimed at transforming the criminal justice system. They talk about the new reforms to Florida’s probation system and Reform Alliance's goal of getting 1 million people out of the probation and parole system.
Marcus Mumford's new music is about his experience of childhood sexual abuse
The Mumford & Sons lead singer opened up in an interview Wednesday about how his trauma has influenced his new work.
Technology
More Technology
YouTube is the most popular social media among teens, followed by TikTok
About 36% admitted they spend too much time on social media and 54% say it would be somewhat hard to give it up.
Gadgets and apps to help find lost items
CNET editorial director Dan Ackerman joins "CBS Mornings" to share tracking devices and apps that can help people find lost things. He discusses trackers that can find a parked car or glasses as well as a smart lock to help keep track of keys and even pets.
New tax credits for EVs look generous — but they're complicated
While many EVs qualify for tax credits under inflation bill, no cars sold today likely would get the full $7,500 rebate.
Smart home tech can help save money on energy bills
Programmable thermostats and smart lights can help consumers' lower energy bills.
Inflation and July's Consumer Price Index
The U.S. Labor Department has released its latest Consumer Price Index for July 2022. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down what this means for prices and the economy.
Science
More Science
Ice Age human footprints found in Utah desert: "Lost oasis"
Men find 88 distinct prints left by a mixture of adults and children on what is now the Utah Test and Training Range.
Stunning image of colliding galaxies
In a part of space far, far away, two galaxies joined together to form one of the universe's most spectacular events – a galactic merger with streaming stars and chaos. And scientists say the stunning images are a preview of what's to come for the Milky Way.
U.K. so hot and dry, the source of the River Thames has dried up
"Hopefully downstream we will find the Thames, but at the moment, it's gone," said one tourist who had come, hoping to see the origin of the iconic English river.
Landfills are "super emitters" of methane, satellite data finds
The powerful greenhouse gas traps 80 times more heat in the atmosphere than carbon dioxide does.
Environmental impact of food
Beef, lamb, nuts, dried fruit and coffee were rated the worst in a study that looked at the environmental impact of 57,000 different foods. Scientists found squash, fizzy drinks like Colas and sports and energy drinks were least harmful to the environment.
Crime
More Crime
8 killed as violence flares in Mexican border city of Juarez
Businesses were burned and a local radio presenter was among those killed, authorities and witnesses said.
Suspected gunman in Mall of America shooting captured in Chicago
His alleged accomplice was also taken into custody, police said.
Florida airport employee accused of stealing $16,000 worth of luggage
Giovanni De Luca, 19, faces two counts of grand theft. Some of the belongings have not been recovered.
Disappearance of Harmony Montgomery now being investigated as homicide
Investigators believe Harmony Montgomery was killed in December 2019, two years before she was reported missing.
Instagram model charged with killing boyfriend
Social media model Courtney Clenney is being charged with second-degree murder over the April death of her boyfriend, Christian Toby Obumseli, Miami State Attorney Katherine Fernandez Rundle said Thursday. Clenney, 26, was arrested in Hawaii on Wednesday on a charge of second-degree murder with a deadly weapon. Watch part of the press conference announcing the charges here.
Space
More Space
NASA's Perseverance finds tangled object on Mars
Scientists suspect the tangled object is likely pieces of shredded Dacron netting from the Perseverance itself.
"Cosmic collision" shows the fate of the Milky Way
"Dueling gravitational forces will trigger bursts of intense stellar formation and wildly distort their once-majestic structures," researchers said.
How to watch tonight's Sturgeon moon – the last supermoon of the year
The Sturgeon moon will be the last supermoon until 2023.
Scientist apologizes after posting image of star that was actually sausage
Etienne Klein apologized for misleading some Twitter followers with his "scientist's joke."
SpaceX launches Korean moon probe
South Korea's first moon mission will search for ice in permanently shadowed polar craters.
Latest Galleries
More Latest Galleries
The Circleville letters: You've got hate mail
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
Timeline: The Jonelle Matthews case
Inside the case against Steven Pankey, a former political candidate who was tried for the kidnapping and murder of a Colorado 12-year-old.
The 50 most expensive colleges in America, ranked
These colleges come with a hefty price tag
Deadliest states for drug overdoses
CDC data reveals which U.S. state has the highest rate of drug overdose-related deaths per 100,000 residents.
The disappearance of Carole Baskin's then-husband Don Lewis
An inside look at the puzzling disappearance of the Florida millionaire
Latest Videos
More Latest Videos
Latest Videos
Trump supports release of Mar-a-Lago warrant
Former President Donald Trump says he encourages the Department of Justice to immediately release the FBI search warrant for his Mar-a-Lago home. Attorney General Marrick Garland says he has asked a judge to approve its release.
Two senators speak about recent strokes
U.S. Senators Chris Van Hollen and Ben Ray Lujan both suffered strokes earlier this year. CBS congressional correspondent Scott MacFarlane sat down with them to discuss their recovery, lessons learned, and warning signs for others.
Drought reveals remains at Lake Mead
Drought conditions are causing water levels at Lake Mead to reach record lows, and it's unearthing human remains. The Weather Channel's Dave Malkoff explains how long-buried stories are being brought to the surface.
Travelers get a break from higher airfares
Travelers are getting a break from higher airfares, as peak summer travel season fades and fuel prices drop. It's a welcome sign that inflation may be on the decline. Kris Van Cleave reports.
Anne Heche "not expected to survive"
Anne Heche is on life support after suffering a brain injury in a fiery crash a week ago, and isn't expected to survive.The actor, who is in a coma and in critical condition, is being kept on life support for possible organ donation, according to her family. Carter Evans reports.