Buckle up, America: The Fed plans to ratchet up unemployment
Fed Chief Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
MoneyWatch
Latest News
Streaming wars: The fight for viewers
An explosion of streaming services, apps and platforms is delivering more television content to more people than ever before. But more choices for subscribers means more challenges for streamers (and more commercials).
Mexico draws young American professionals working remotely
According to data from the U.S. Department of State, there are over 1.6 million U.S. citizens living in Mexico.
Interest rates are surging. Why are savings accounts lagging?
Brick-and-mortar banks are paying rates that are far below the Federal funds rate. Here's why — and how to find a better rate.
Amy Cooper, "Central Park Karen," loses lawsuit over firing
The judge rejected Cooper's claims that she was unfairly fired from her job due to racism and sexism.
Stocks plunge, dragging Wall Street toward another down week
Central banks around the world are jacking up interest rates, raising concerns about a global recession.
Americans struggle to pay utilities as energy prices surge
About 20% of households have missed or made a late payment on their utility bill, Bank of America found.
Amazon to hold Prime Day-like shopping event in October
"Prime Early Access" sale will be the first time the retailer holds a major sales promotion twice in a year.
Apple will manufacture iPhone 14 in India
Tech giant is shifting some manufacturing from China amid geopolitical tensions and pandemic restrictions.
Managing Your Money
More
This is how to find a good moving company
Here are five ways to help you find a cost-effective and reliable moving company.
Why mortgage refinancing may still be right for you
Some homeowners can still save money with a refinance, even in the current rate environment.
Can you borrow money from your 401(k)?
There are many things to consider before you take out a loan from your 401(k).
Money Tech
Mark Zuckerberg's net worth has dropped $71 billion this year
Once the world's third-richest man, he's been knocked off his perch by the stock market slump and Meta's troubles.
Uber dealing with "cybersecurity incident" after hacker appears to breach system
There was no indication that Uber's fleet of vehicles or its operation was in any way affected.
Ethereum's "Merge" is live — here's what you need to know
Crypto enthusiasts say a shift in how ethereum — the second-most popular blockchain — works will revolutionize digital currencies.
California sues Amazon, alleging its dominance pushes up prices
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
Twitter had "no locks on the doors," whistleblower tells Senate
Twitter's former security chief, Peiter Zatko, said the tech giant is a "decade behind" in protecting user safety.
United Airlines sees future for flying electric taxis
Carrier is investing $15 million in a maker of electric vertical take-off and landing vehicles.
Twitter is finally testing out an edit button
Twitter said the feature will later expand to Twitter Blue subscribers, which means you'll have to pay to use the edit button.
California lawmakers OK bills to curtail social media
"The online world has created tremendous opportunities, but also real and proximate threats," said one legislator.
Google bars downloads of Truth Social over violent content
About 4 in 10 mobile phones use Google's Android platform, which may keep millions from joining Donald Trump's service.
Latest News
Hurricane Ian on track to hit Florida as major storm this week
Hurricane Ian moved near the Cayman Islands and closer to western Cuba early Monday on a track to hit Florida as a major hurricane this week.
NASA's DART probe on course for asteroid impact
The 14,000-mph impact is designed to test whether a future threatening asteroid can be nudged off course
Suspected "neo-Nazi" gunman kills at least 13 in Russian school
Russian officials say the shooter was a former student who rampaged with converted pistols, wearing "a black top with Nazi symbols and a balaclava."
Italy votes in its most right-wing government since World War II
The party of likely new prime minister Giorgia Meloni counts among its members the daughter of Benito Mussolini.
Kentucky school shooter denied parole, will spend life in prison
Killed in the 1997 shooting were Jessica James, Kayce Steger and Nicole Hadley, who Carneal said was a "very good friend."
Riggleman: Meadows' text trove revealed a "roadmap to an attempted coup"
Denver Riggleman, an ex-military intelligence officer and former Republican House member, worked for the January 6 committee until April.
Battleground Tracker: GOP House lead shrinks again as voters see high-stakes contest
Voters say rights and freedoms are on the ballot, along with finances and the economy.
Teen soldier who went missing during Korean War accounted for
It was the news his family - including his now 99-year-old sister Elizabeth Fiorentini - has been awaiting for decades.
3-year-old dies after aunt allegedly pushed him into Lake Michigan
Victoria Moreno, 34, was originally charged with attempted murder and aggravated battery after the alleged incident last week.
Small Business
More
Abortion pill startup sells meds to women who aren't pregnant
Company says giving patients abortion pills before they're needed provides "peace of mind."
Community aids in Filipino food truck's pandemic rebound
Owner encourages customers to "give a high five" to local businesses raising prices. "It means a lot."
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.
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.
Americans struggle to pay utilities as energy prices surge
About 20% of households have missed or made a late payment on their utility bill, Bank of America found.
Amazon to hold Prime Day-like shopping event in October
"Prime Early Access" sale will be the first time the retailer holds a major sales promotion twice in a year.
Kentucky school shooter denied parole, will spend life in prison
Killed in the 1997 shooting were Jessica James, Kayce Steger and Nicole Hadley, who Carneal said was a "very good friend."
Post Malone cancels concert after hospitalization
Last week, the singer took a fall on stage during a concert in St. Louis.
Hurricane Ian on track to hit Florida as major storm this week
Hurricane Ian moved near the Cayman Islands and closer to western Cuba early Monday on a track to hit Florida as a major hurricane this week.
MoneyWatch
More MoneyWatch
Americans struggle to pay utilities as energy prices surge
About 20% of households have missed or made a late payment on their utility bill, Bank of America found.
Amazon to hold Prime Day-like shopping event in October
"Prime Early Access" sale will be the first time the retailer holds a major sales promotion twice in a year.
Buckle up, America: The Fed wants to put you out of a job
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Apple will manufacture iPhone 14 in India
Tech giant is shifting some manufacturing from China amid geopolitical tensions and pandemic restrictions.
Streaming wars: The fight for viewers
An explosion of streaming services, apps and platforms is delivering more television content to more people than ever before. But more choices for subscribers means more challenges for streamers (and more commercials).
Politics
More Politics
Buckle up, America: The Fed wants to put you out of a job
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Supreme Court's gun ruling opens door to next fight: Where can they be carried?
"That's going to be an important and interesting battlefield going forward for Second Amendment cases," said Joseph Blocher, an expert on the Second Amendment and professor at Duke Law School.
Former Pence aide calls Trump's declassification remarks "absurd"
Short, who was the former vice president's chief of staff, also commented on Pence's potential presidential ambitions.
Liz Cheney: "If [Trump] is the nominee, I won't be a Republican."
Rep. Cheney lost her primary race to Trump-backed challenger Harriet Hageman last month.
Battleground Tracker: GOP House lead shrinks again as voters see high-stakes contest
Voters say rights and freedoms are on the ballot, along with finances and the economy.
Health
More Health
Arizona can enforce near-total abortion ban, judge rules
The judge lifted a decades-old injunction that has long blocked enforcement of the law, on the books since before Arizona became a state, that bans nearly all abortions.
CDC says some nursing homes and hospitals no longer need to require universal masking
Masking is now urged only in communities seeing "high" transmission of the virus.
Suicide attempts among teen girls increased 50% during pandemic, CDC finds
It's "absolutely" OK to talk with your child about suicide, a family therapist said.
Teen girls' mental health worsened amid pandemic
The number of teenage girls who have been suicidal has increased 50% since 2019, according to the Centers for Disease Control and Prevention. A family therapist says it's "absolutely" OK for parents to talk with their children about suicide and shares some warning signs. Meg Oliver has more.
Two companies fined for selling pesticides as COVID-19 killers
Zoono Microbe Shield was marketed as protecting against COVID-19 but is only effective against bacteria, fungi and mold, EPA said.
World
More World
A new island is forming in the Pacific Ocean after a volcanic eruption
About 11 hours after the eruption, a new island was visible. It has since grown to 8.6 acres.
5 rescuers killed trying to save villagers trapped in floodwaters
Five rescuers drowned after their boat overturned when it was hit by a collapsed wall, tossing them into rampaging floodwaters, officials said.
Apple will manufacture iPhone 14 in India
Tech giant is shifting some manufacturing from China amid geopolitical tensions and pandemic restrictions.
Italy votes in its most right-wing government since World War II
The party of likely new prime minister Giorgia Meloni counts among its members the daughter of Benito Mussolini.
CIA unveils model of al Qaeda leader hideout used before deadly strike
The al-Zawahiri model home is the rare artifact that had been used by intelligence officers just weeks beforehand.
Entertainment
More Entertainment
Post Malone cancels concert after hospitalization
Last week, the singer took a fall on stage during a concert in St. Louis.
Rihanna to headline Super Bowl halftime show
The Super Bowl will take place at State Farm Stadium in Glendale, Arizona, on Feb. 12.
Sigourney Weaver on what makes creativity thrive
In this web exclusive, actress Sigourney Weaver talks with "Sunday Morning" anchor Jane Pauley about why she didn't expect to succeed in the business, and about the kind of atmosphere in which actors can do their best work.
Coming soon: New movies, music, TV and more
"Sunday Morning" previews some of this fall's most anticipated new films, albums, TV and streaming choices, as well as books and art exhibitions.
Sigourney Weaver on confounding others' expectations
With four movies debuting this fall, the three-time Academy Award-nominee seems to have found the secret of Hollywood longevity. One lesson learned by the former drama school student? "Don't believe what your teachers tell you."
Technology
More Technology
Technology
Ford looking to turn gas-powered cars electric
Ford's pickup trucks are the stuff of legend, but a new conversion kit called the Eluminator can turn a 45-year-old F100 into a fully electric vehicle with even more power than the original engine. Kris Van Cleave has more.
TikTok to ban campaign fundraising, require verification for political accounts
TikTok, which already bans political advertising, will now also ban campaign fundraising.
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.
NASA copes with hydrogen leak, fuels Artemis moon rocket in critical test
Engineers are reviewing test data to determine if NASA can press ahead toward a September 27 launch target.
Data breaches raise cybersecurity concerns
Recent data breaches at American Airlines and Uber have raised concerns that consumer data is increasingly vulnerable to hacking attempts. Lindsay Gorman, a senior fellow for emerging technologies at the Alliance for Securing Democracy, discussed what customers should be concerned about if their data was compromised.
Science
More Science
NASA spacecraft is about to hit an asteroid "head-on" at 15,000 mph
The DART spacecraft is set to purposely crash into an asteroid — a test for a potential real threat far in the future.
"Once-in-a-lifetime" Tonga volcano blast could warm the Earth
The watery blast from the volcano was huge and unusual — and scientists are still trying to understand its impacts.
Hot gas bubble spinning at "mind blowing" speeds around black hole
The ALMA radio telescope in Chile's Andes mountains picked up something "really puzzling" in the Sagittarius A* data, scientists said.
U.K. lifts ban on fracking in England despite opposition
The Conservative Party, which is still in power under new leadership, had vowed never to re-allow the controversial gas extraction practice unless it was proven safe.
Fetuses apparently like carrots, but kale? Not so much, ultrasounds show
One researcher says the findings suggest "repeated exposure to flavors before birth could help to establish food preferences post-birth" and help shape healthy eating.
Crime
More Crime
Kentucky school shooter denied parole, will spend life in prison
Killed in the 1997 shooting were Jessica James, Kayce Steger and Nicole Hadley, who Carneal said was a "very good friend."
These old boots became part of a very big story in Las Vegas shooting
I never once put them on thinking, "These are the shoes I will run for my life in," but that's what they became.
3-year-old dies after aunt allegedly pushed him into Lake Michigan
Victoria Moreno, 34, was originally charged with attempted murder and aggravated battery after the alleged incident last week.
Man who shot dog walker with AK-47 convicted of murder
The victim's mother tweeted after the verdict that the sound of handcuffs clicking was "music to my ears."
Russia holds referendums in occupied Ukraine
Russian election officials accompanied by soldiers were seen going door-to-door in occupied eastern Ukrainian territories looking for voters who support annexation. Meanwhile, protests continue in Russia as many flee to avoid being called up for military service. Debora Patta has more.
Space
More Space
NASA's DART probe on course for asteroid impact
The 14,000-mph impact is designed to test whether a future threatening asteroid can be nudged off course
NASA spacecraft is about to hit an asteroid "head-on" at 15,000 mph
The DART spacecraft is set to purposely crash into an asteroid — a test for a potential real threat far in the future.
How to watch Jupiter make its closest approach to Earth in decades
Stargazers can get the view of a lifetime on Monday night as Jupiter makes its closest approach to Earth since 1963.
U.S. spy satellite launched into orbit from California
This was the 387th flight of a Delta rocket since 1960 and the 95th and final launch from Vandenberg Space Force Base.
Possible hurricane poses threat to NASA's Artemis moon launch plans
NASA aims for Tuesday launch of oft-delayed Space Launch System rocket, but forecasters are 80% no-go.
Latest Galleries
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Evidence in the Lori Slesinski murder case
Inside the mysterious disappearance of Lori Slesinski and the trial of Rick Ennis, a man with a criminal past, accused of her murder.
King Charles III through the years
In September 2022, at age 73, the eldest son of Queen Elizabeth II ascended to the British throne.
Britain lays Queen Elizabeth II to rest
Royals, heads of state and mourners gather to honor Britain's longest-reigning monarch.
How rich is the British royal family?
The royal family owns a lot more than you might think — and it's not just castles and property, either.
Evidence photos in the shooting of Lauren Kanarek
An inside look into the case of Lauren Kanarek who was shot by her horse trainer, the former Olympian Michael Barisone.
Latest Videos
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Latest Videos
Tracking the issues on the ballot
Republicans are hoping to use immigration and crime to regain some of the ground they lost in polling after the Supreme Court overturned Roe v. Wade as the party seeks to regain control in Congress. CBS News political director Fin Gomez explains how these key issues are impacting voters.
Republicans' estimated House lead shrinks
The CBS News Battleground Tracker still shows Republicans leading the race for control of the House in the 2022 midterms, but that lead is shrinking. CBS News' executive director of elections and surveys Anthony Salvanto explains some of the driving factors behind the shift.
Meet Giorgia Meloni, Italy's next leader
Italy has elected its most right-wing government since World War II. The Brothers of Italy party is expected to install Giorgia Meloni, its leader, as the first female prime minister of Italy. CBS News foreign correspondent Chris Livesay has a look at who Meloni is and how her party made it from the fringes to gaining control of the country's government.
What to expect from Wednesday's Jan. 6 hearing
The January 6 committee will reconvene Wednesday for its first hearing since July. CBS News congressional correspondent Scott MacFarlane has a preview of what likely will and won't be discussed as new allegations come forward.
Model Iman on new show
Iman, the iconic, first Black supermodel, joins "CBS Mornings" to talk about her new documentary, "Supreme Models." It's a six-part docuseries celebrating the historic journey of Black models in the fashion industry.