Gold tops record high of $2,100 per ounce. Here's why it's soaring.
Gold prices top $2,100 as investors seek refuge from geopolitical instability and bet on Fed interest rate cuts.
MoneyWatch
Latest News
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to new operating system.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
The crypto biz is in the dumps. So why is bitcoin suddenly flying high?
Despite the woes of companies like FTX and Binance, bitcoin prices have surged 150% this year to top $40,000. Here's why.
Spotify slashes 17% of jobs in third round of cuts this year
The popular music streaming service has reportedly eliminated 1,500 roles amid slowing economic growth.
Alaska Airlines reaches deal to buy Hawaiian Airlines
Alaska Airlines has reached a deal to buy Hawaiian Airlines, the companies announced Sunday. The airlines said the move will unlock more travel destinations for flyers.
Elon Musk's X platform fueled far-right riots in Ireland, experts say
Elon Musk's X platform has fueled far-right disinformation in Ireland and played a key role in last month's riots in Dublin, experts say.
Auto industry eyes subscription fees as multi-billion-dollar revenue stream
General Motors projects subscription fees to bring in as much as $25 billion a year by 2030.
Managing Your Money
More
18 top 6-month CDs for December 2023
If you're trying to snag a top rate on a 6-month CD, there are lots of good options to choose from.
Will HELOC rates go down in 2024?
There's a chance that HELOC rates will go down in 2024, but you may want to consider getting one now.
Why you should open a high-yield savings account this December
The window of opportunity to open a high-yield savings account with a great APY may soon be closing.
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
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.
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.
Latest News
Israel continues bombardment, ground assault in southern Gaza
Israel's military renewed calls for mass evacuations from the southern town of Khan Younis, as it widened its ground offensive and bombarded targets across the Gaza Strip.
Supreme Court wrestles with legal shield for Sacklers in Purdue Pharma bankruptcy
The justices appeared split on whether those who opposed the bankruptcy deal should be prevented from pursuing their own claims against the Sacklers.
Former U.S. ambassador to Bolivia accused of spying for Cuba for decades
Rocha allegedly spied on behalf of Cuba's intelligence agency, referred to the U.S. as "the enemy" and supported Cuba's clandestine intelligence-gathering mission, according to prosecutors.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
House explodes in Arlington as police try to execute search warrant
A house exploded in Arlington, Virginia, as police tried to execute a search warrant following reports of a suspect firing a flare gun.
Woman from Boston killed by shark while paddle boarding in Bahamas
The woman and a male relative were paddle boarding at a resort about 3/4 mile away from the shore when she was bitten by the shark.
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
Trump seeks "urgent review" of gag order ruling in New York civil fraud case
Former President Donald Trump intends to appeal a ruling that upheld a gag order in his civil fraud trial in New York.
Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to new operating system.
U.S.
More U.S.
House explodes in Arlington as police try to execute search warrant
A house exploded in Arlington, Virginia, as police tried to execute a search warrant following reports of a suspect firing a flare gun.
Israel continues bombardment, ground assault in southern Gaza
Israel's military renewed calls for mass evacuations from the southern town of Khan Younis, as it widened its ground offensive and bombarded targets across the Gaza Strip.
Hackers accessed 23andMe data of millions of users, company says
The company launched an investigation in October after a "threat actor" claimed to have access to 23andMe users' personal information.
6 weeks before Iowa caucuses, DeSantis super PAC sees more personnel departures
Another outside group, Fight Right, has been created to handle television ads supporting Gov. Ron DeSantis' presidential bid.
Santos trolls "Bobby" from Jersey in cameo paid for by Fetterman campaign
Sen. John Fetterman has been urging New Jersey Sen. Bob Menendez — who has been accused by the government of conspiring to act as an agent for Egypt — to resign.
MoneyWatch
More MoneyWatch
The crypto biz is in the dumps. So why is bitcoin suddenly flying high?
Despite the woes of companies like FTX and Binance, bitcoin prices have surged 150% this year to top $40,000. Here's why.
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
Gold tops record high of $2,100 per ounce. Here's why it's soaring.
Gold prices top $2,100 as investors seek refuge from geopolitical instability and bet on Fed interest rate cuts.
Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to the operating system.
Politics
More Politics
6 weeks before Iowa caucuses, DeSantis super PAC sees more personnel departures
Another outside group, Fight Right, has been created to handle television ads supporting Gov. Ron DeSantis' presidential bid.
Santos trolls "Bobby" from Jersey in cameo paid for by Fetterman campaign
Sen. John Fetterman has been urging New Jersey Sen. Bob Menendez — who has been accused by the government of conspiring to act as an agent for Egypt — to resign.
DeSantis to run Iowa campaign ad featuring former Trump supporters
Gov. Ron DeSantis' third campaign ad comes as he tries to close the double-digit polling gap between him and former President Donald Trump.
Supreme Court to hear major case that could upend tax code, doom "wealth tax"
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
Supreme Court wrestles with legal shield for Sacklers in Purdue Pharma bankruptcy
The justices appeared split on whether those who opposed the bankruptcy deal should be prevented from pursuing their own claims against the Sacklers.
HealthWatch
More HealthWatch
Sushi topper wasabi linked to "substantial" memory boost, study finds
A researcher behind a study of wasabi's effect on cognition says he knew the fiery condiment had health benefits, but "the dramatic change" in memory was a surprise.
Grassroots college networks distribute emergency contraceptives on campus
Peer-to-peer efforts can meet a clear need among students whose colleges may not make sexual health products accessible or affordable.
Gottlieb: likely a "typical winter pathogen season" ahead
Former FDA commissioner Dr. Scott Gottlieb tells "Face the Nation" that the U.S. is looking at a "more typical winter pathogen season" despite a cluster of unusual pneumonia in Ohio. Gottlieb says the CDC has looked into the cluster and found "it's a known bacteria that is epidemic every three to five years so we've seen epidemics of this in the past."
Eliminating the stigma surrounding suicide
On average, a staggering 132 Americans kill themselves every single day. Experts say addressing this major public health crisis requires ending the shame that can be attached to talking about mental health struggles, which prevents those suffering from finding help.
Eliminating the stigma surrounding suicide
On average, a staggering 132 Americans kill themselves every single day, with every demographic at risk of suicidal ideation. Correspondent Susan Spencer talks with experts about this major public health crisis and the need to eliminate the shame that can be attached to mental health struggles, which prevents those suffering from finding the help that could save their lives. Spencer also talks with a professor who undertook about 10 suicide attempts, from as young as age six, but who - after defying the stigma by writing about it - today believes he will never do so again. [If you or someone you know is in emotional distress or a suicidal crisis, you can reach the 988 Suicide & Crisis Lifeline by calling or texting 988. You can also chat with the 988 Suicide & Crisis Lifeline at 988lifeline.org/chat/]
World
More World
Israel continues bombardment, ground assault in southern Gaza
Israel's military renewed calls for mass evacuations from the southern town of Khan Younis, as it widened its ground offensive and bombarded targets across the Gaza Strip.
Study suggests a stock trader knew in advance of Hamas' Oct. 7 attack
Big bets against Israeli stocks before Oct. 7 suggests someone may have known about the attack in advance, a new study says.
Woman from Boston killed by shark while paddle boarding in Bahamas
The woman and a male relative were paddle boarding at a resort about 3/4 mile away from the shore when she was bitten by the shark.
Divers map 2-mile trail of relics and treasure from legendary shipwreck
The company with sole rights to explore the centuries-old wreck of the Nuestra Señora de las Maravillas, a Spanish treasure ship that sunk off the Bahamas, has carefully identified and mapped a huge trail of long-lost artifacts.
Oxford picks "rizz" as the word of the year
It beat out words such as prompt, situationship and Swiftie. Here's what rizz means.
Entertainment
More Entertainment
Entertainment
Amelia Dimoldenberg's awkward charm
Anthony Mason profiles internet sensation and comedian Amelia Dimoldenberg, creator and host of the viral interview series "Chicken Shop Date." She talks about running her own production company and her dream final date as she looks beyond the chicken shop.
Allison Williams' new podcast revisits America's first murder trial
The historical true-crime podcast, "Erased," is about the trial of Levi Weeks, who was accused of murdering 22-year-old Elma Sands in 1799.
Taylor Swift cheers on Chiefs as Simone Biles cheers on Packers
Taylor Swift was again spotted cheering on Travis Kelce and the Kansas City Chiefs – this time, in a box with Lyndsay Bell and Brittany Mahomes at an away game against the Green Bay Packers.
Comedian Amelia Dimoldenberg on raising awkwardness to an art form
The English comedian has gone viral with her comic interviews with big-name celebrities on the red carpet and her YouTube series "Chicken Shop Date."
Actor Mark Sheppard says he had "six massive heart attacks"
Mark Sheppard said he's suffered six major heart attacks. The "Supernatural" actor says he collapsed in his kitchen before being brought to the hospital.
Technology
More Technology
Apple releases urgent update to fix iOS 17 security issues
The update patches two vulnerabilities, includes no new features to the operating system.
Spotify slashes 17% of jobs in third round of cuts this year
The popular music streaming service has reportedly eliminated 1,500 roles amid slowing economic growth.
Elon Musk's X platform fueled far-right riots in Ireland, experts say
Elon Musk's X platform has fueled far-right disinformation in Ireland and played a key role in last month's riots in Dublin, experts say.
The race to develop quantum computers
Quantum computing could change civilization as we know it with technology capable of solving complex problems in moments. Henry Yuen, assistant professor of computer science at Columbia University, joined CBS News to discuss what quantum computing is, its potential uses and how close we are to seeing the technology in action.
Automakers turn to subscription fees
Automakers, including General Motors, Ford and BMW, are charging drivers subscription fees to use certain state-of-the-art features, such as remote locking and hands-free cruise control. Carter Evans has details.
Science
More Science
Video shows ship's "lucky" encounter with world's largest iceberg
The sighting came just days after scientists declared the iceberg was "on the move" for the first time in 37 years.
Ancient methane escaping from melting glaciers could warm the planet more
Spiking temperatures in the Arctic are rapidly melting glaciers. Scientists are now worried about underground methane, a potent greenhouse gas, leaking up to the surface.
Cars swept away, Chennai airport flooded as cyclone churns toward India
Videos from Chennai, South India, show cars being carried off and airport workers checking planes in almost knee-deep water as Cyclone Michaung bears down.
Controversy at COP28 climate summit
Dr. Sultan al-Jaber, the president of the COP28 climate summit, is facing backlash after reportedly saying during an online event that "there is no science out there" that phasing out fossil fuels would achieve the climate goals outlined in the 2015 Paris Climate Agreement. Al-Jaber is also the CEO of the Abu Dhabi National Oil Company. CBS News national correspondent Dave Malkoff has more.
COP28 president Sultan al-Jaber draws fire over fossil fuel remarks
Dr. Sultan al-Jaber, president of the COP28 climate conference and CEO of a major oil company, says he's "quite surprised" by what he calls "attempts to undermine" his work.
Crime
More Crime
Crime
Examining the first U.S. murder trial
The podcast "Erased: The Murder of Elma Sands" explores the first recorded murder trial in U.S. history. Actress Allison Williams, who is an executive producer of the podcast, and Allison Flom, the podcast's creator and narrator, joined CBS News to discuss the similarities the of the U.S. justice system then and now.
Weapon links L.A. serial killings to robbery
A weapon linked the suspect of an armed robbery in San Dimas to three murders involving people who were experiencing homelessness in Los Angeles County. CBS News correspondent Elise Preston is following the investigation into the shooting cases.
Opening statements at Jonathan Majors trial
Opening statements began in the case against Hollywood star Jonathan Majors, who is accused of domestic assault by his former girlfriend Grace Jabbari. CBS News New York's Zinnia Maldonado reports on the latest as the trial resumes.
1 killed in double stabbing at Macy's in Philadelphia; man arrested at SEPTA station
Tyrone Tunnell, 30, was arrested in connection with a fatal stabbing at the Macy's in Center City, Philadelphia police said Monday.
Victim's father gives emotional testimony at trial of serial killer's widow
Monique Olivier, standing trial in Paris, is accused of involvement in the murders by Michel Fourniret of two young women, including British student Joanna Parrish.
Space
More Space
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.
New solar system with rare, perfectly in-sync planets found in Milky Way
Astronomers have discovered six planets orbiting a bright, nearby star in perfect synchrony like a grand cosmic orchestra.
Scientists discover "in-sync" solar system
Scientists have discovered a six-planet solar system in the Milky Way that astronomers say has been untouched by outside forces since its birth billions of years ago. The six planets orbit a star "perfectly" in sync. Derrick Pitts, chief astronomer at the Franklin Institute, joined CBS News to talk about the discovery.
Mars' landscape captured in newly released images
NASA revealed multiple new panoramic images of clouds and dust in Mars' skies, as well as one of its tiny two moons, taken last May.
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
Amelia Dimoldenberg's awkward charm
Anthony Mason profiles internet sensation and comedian Amelia Dimoldenberg, creator and host of the viral interview series "Chicken Shop Date." She talks about running her own production company and her dream final date as she looks beyond the chicken shop.
South Korea launches first spy satellite
South Korea says it has launched its first spy satellite into space just one week after North Korea claimed it did the same. CBS News senior foreign correspondent Elizabeth Palmer has more on the new frontier in Korean competition.
What happens if U.S. aid to Ukraine runs out?
The White House has warned Congress that the U.S. is running out of money for Ukraine. Connor O'Brien, defense reporter for Politico, joins CBS News to discuss what could happen if Congress does not act.
Doug Burgum drops out of 2024 race
North Dakota Gov. Doug Burgum announced Monday he is suspending his 2024 campaign, leaving six Republican candidates in the race. It comes two days before the fourth GOP debate. Wall Street Journal senior political correspondent Molly Ball joins to discuss the latest in the presidential primary race.
Israel ramps up fighting in southern Gaza
On the ground in Gaza, Israeli troops are moving south and prompting more civilian evacuations. And as tension grows in the Middle East, the U.S. military says it fended off attacks on commercial vessels in the Red Sea. CBS News' Charlie D'Agata and David Martin report.