Don't make these 401(k) mistakes as stocks slide
One in 7 investors is making a major error in managing their retirement plan, research shows.
MoneyWatch
Latest News
Did Equifax's credit error affect you? Here's how to check.
Credit bureau said fewer than 300,000 people were affected, while a lawsuit claims the true number could be in the millions.
Home sellers are cutting prices, especially in these 10 cities
Almost 1 in 7 listed properties have seen a recent price drop — double the rate from a year earlier.
How to use AirTags and tracking devices to find lost luggage
Passengers who use AirTags to track their checked bags when flying say the devices give them peace of mind.
Elon Musk says he lives in a $45,000 house: "It's very small"
Tesla and SpaceX CEO says his friends "can't believe" he lives in the modest Boca Chica, Texas, house.
Mattress company Casper is hiring professional nappers
Like to sleep on the job? If you have social media skills, you may be exactly who the mattress seller is looking for.
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.
World's biggest chocolate plant running again after salmonella scare
The Belgian plant, which supplies industry giants including Hershey and Nestle, was shut down in June after salmonella was discovered in products.
130 degrees and no AC: Life as a UPS driver
As the mercury soars, delivery drivers at the shipping company complain about a lack of AC and the punishing work pace.
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
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.
Bombarded by scammy robo-texts? You're not alone.
New schemes are proliferating just as enforcers are making headway in reducing illegal robocalls, consumer watchdog finds.
Facebook Marketplace rife with banned, recalled products, regulator says
Consumer Product Safety Commission calls on social-media giant to do more to prevent postings of known dangers.
Latest News
What's in Democrats' health care, climate and tax bill?
The bill aims to lower health care costs, tax large corporations and make historic investments in combating climate change.
Man who fatally shot Ahmaud Arbery gets life sentence for federal hate crimes
Three white men who chased and killed Ahmaud Arbery were previously found guilty of violating his civil rights and targeting him because of his race.
"Russian forces took us away," Ukrainian teen tells CBS News
Ukraine's government accuses Moscow of "kidnapping" children amid its ongoing invasion so they can be "illegally adopted by Russian citizens."
Biden heads to Kentucky to survey flood damage and meet with victims
The president and first lady are visiting Kentucky on Monday to meet with families who have suffered from historic flooding.
4th set of human remains found at drought-stricken Lake Mead
It was the fourth time human remains were discovered since its shorelines began retreating due to the drought's impact.
Mattress company Casper is hiring professional nappers
Like to sleep on the job? If you have social media skills, you may be exactly who the mattress seller is looking for.
3rd victim of D.C. lightning strike identified as L.A. bank executive
A husband and wife from Wisconsin celebrating their 56th wedding anniversary were also struck by lightning and died.
Football coach resigns after saying "hurtful" word in film session
Gundy said he read a word off of a player's iPad screen – and was "horrified" as soon as he said it.
Arkansas judge found dead at bottom of lake
Jeremiah T. Bueker, the Arkansas County Northern District Judge, reportedly went missing during a weekend trip with family and friends.
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.
Football coach resigns after saying "hurtful" word in film session
Gundy said he read a word off of a player's iPad screen – and was "horrified" as soon as he said it.
Mattress company Casper is hiring professional nappers
Like to sleep on the job? If you have social media skills, you may be exactly who the mattress seller is looking for.
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.
Celebrities share messages of support for Anne Heche
Alec Baldwin shared a message about his "old pal," whom he starred alongside several times.
Arkansas judge found dead at bottom of lake
Jeremiah T. Bueker, the Arkansas County Northern District Judge, reportedly went missing during a weekend trip with family and friends.
MoneyWatch
More MoneyWatch
Mattress company Casper is hiring professional nappers
Like to sleep on the job? If you have social media skills, you may be exactly who the mattress seller is looking for.
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.
World's biggest chocolate plant running again after salmonella scare
The Belgian plant, which supplies industry giants including Hershey and Nestle, was shut down in June after salmonella was discovered in products.
Don't make these 401(k) mistakes as stocks slide
One in 7 investors is making a major error in managing their retirement plan, research shows.
Parliamentarian alters drug plan in Inflation Reduction Act before Senate vote
The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.
Politics
More Politics
What's in Democrats' health care, climate and tax bill?
The bill aims to lower health care costs, tax large corporations and make historic investments in combating climate change.
Biden heads to Kentucky to survey flood damage and meet with victims
The president and first lady are visiting Kentucky on Monday to meet with families who have suffered from historic flooding.
Michigan AG seeks special prosecutor for election machines-linked probe
Dana Nessel may face one of the people she wants investigated in the election this fall.
Senate passes climate, health and tax bill in major win for Democrats
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Full transcript of "Face the Nation" on Aug. 7, 2022
On this "Face the Nation" broadcast, Sen. Rick Scott and Rep. Gregory Meeks joined Margaret Brennan.
Health
More Health
Health
Doctors share concerns over abortion laws
Four doctors share their concerns about why abortion restrictions are causing confusion and putting patients' lives at risk.
Possible COVID classroom restrictions changes
CBS News has obtained a draft report that indicates COVID restrictions in the classroom having to do with testing and social distancing could soon be eased. While not final, the recommendations could also lift quarantine recommendations for those exposed to the virus, whether they are vaccinated or not. Nancy Chen reports.
Gottlieb: U.S. needs to boost monkeypox testing
Dr. Scott Gottlieb says public health officials need to ramp up testing for monkeypox if the U.S. hopes to gain control over the virus.
Over 7,000 Monkeypox cases reported in U.S.
With cases of monkeypox rising across the U.S., the White House deemed the outbreak a public health emergency. CBS News medical contributor Dr. David Agus answers questions regarding the current state of the monkeypox virus.
CDC to ease school COVID-19 recommendations
Federal health officials are preparing to unveil some new thinking on COVID-19 and specifically how schools across the country should respond to potential student infections. The new guidelines appear in some cases to relax several recommended past practices. Nancy Chen has more.
World
More World
World's biggest chocolate plant running again after salmonella scare
The Belgian plant, which supplies industry giants including Hershey and Nestle, was shut down in June after salmonella was discovered in products.
Tension soars as China prolongs military drills around Taiwan
Beijing says its "appropriate" response to America's provocation will continue with anti-submarine exercises around the self-governing island.
"Russian forces took us away," Ukrainian teen tells CBS News
Ukraine's government accuses Moscow of "kidnapping" children amid its ongoing invasion so they can be "illegally adopted by Russian citizens."
Ukraine and Russia accuse each other of shelling huge nuclear plant
Shaky deal keeps grain moving from Ukraine's ports as farmers work under fire, and U.N. warns against "suicidal" attacks on atomic facilities.
Polar bear injures woman at remote Arctic campsite in Norway
Authorities said the bear was shot and they were trying to decide what to do with it.
Entertainment
More Entertainment
Celebrities share messages of support for Anne Heche
Alec Baldwin shared a message about his "old pal," whom he starred alongside several times.
Hanson on the meaning of "MMMBop," and their new album
The brothers from Tulsa, Oklahoma, became a worldwide sensation with their 1997 #1 hit, harmonizing about holding on to those who care; today, with a new album and tour, they're still living by those words.
"MMMBop" turns 25
The Hanson brothers were kids when they captured the world's attention with their #1 hit song "MMMBop" in 1997. This year, "MMMBop" turned 25 years old and the Hanson brothers are all grown up and still releasing albums and touring the world. Tony Dokoupil chats with the band in Nashville to discuss their career over the past quarter-century, their switch to an independent label and why they feel they have always been misunderstood.
Lionel Richie: A life written in song
The Grammy-winning singer-songwriter, lead singer of the Commodores, solo artist, "American Idol" judge, recent Gershwin Prize honoree, and dad, promises new music in the near future.
Lionel Richie: A life written in song
The Grammy-winning singer-songwriter, lead singer of the Commodores, solo artist, and "American Idol" judge was awarded the Library of Congress' 2022 Gershwin Prize for Popular Song earlier this year. Lionel Richie talks with correspondent Kelefa Sanneh about growing up on the campus of Tuskegee University, as well as his 50-year career – from opening for Michael Jackson and the Jackson 5, to his solo success, and what the lyrics of "All Night Long" really mean. (This story was originally broadcast May 15, 2022.)
Technology
More Technology
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.
Curiosity rover celebrates 10 years
Ten years ago, NASA successfully landed its fourth robot on Mars: the Curiosity rover. It has driven only 18 miles, but what a ride it has been. Michelle Miller has more.
Crypto service Nomad offers "bounty" after $200 million theft
The attack is the latest to target a crypto bridge. Cross-chain bridges have lost $1 billion to theft so far in 2022.
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.
Explorer makes history on busy day of spaceflight
Four rockets were launched from Earth on Thursday. Among them was a United Launch Alliance Atlas 5 rocket carrying a missile warning satellite into orbit for the Space Force. Jeff Bezos' Blue Origin launched six people briefly into space, including Vanessa O'Brien, the first woman to complete the Explorers' Extreme trifecta.
Science
More Science
Due to climate change, Nevada says goodbye to grass
In a state where every drop of water counts, ornamental grass – which accounts for a large percentage of outdoor water use – has been banned in Southern Nevada, just one step being taken to address rising temperatures and shriveling reservoirs.
Experts call for more public urgency on climate change
In a state where every drop of water counts, ornamental grass – which accounts for a large percentage of outdoor water use – has been banned in Southern Nevada. Correspondent Tracy Smith talks with climate and water experts about the steps being taken (or not) to address rising temperatures; and with astrophysicist Neil deGrasse Tyson about the lack of urgency he says is hampering humanity's ability to counter this existential threat to our planet.
Curiosity rover celebrates 10 years
Ten years ago, NASA successfully landed its fourth robot on Mars: the Curiosity rover. It has driven only 18 miles, but what a ride it has been. Michelle Miller has more.
Explorer makes history on busy day of spaceflight
Four rockets were launched from Earth on Thursday. Among them was a United Launch Alliance Atlas 5 rocket carrying a missile warning satellite into orbit for the Space Force. Jeff Bezos' Blue Origin launched six people briefly into space, including Vanessa O'Brien, the first woman to complete the Explorers' Extreme trifecta.
Tonga volcano blasted unprecedented amount of water into atmosphere
Tonga's Hunga Tonga-Hunga Ha'apai volcano spewed an unprecedented amount of water vapor into the atmosphere.
Crime
More Crime
California woman arrested on suspicion of poisoning husband
The man had video evidence he also provided to authorities, police said.
Man who fatally shot Ahmaud Arbery gets life sentence for federal hate crimes
Three white men who chased and killed Ahmaud Arbery were previously found guilty of violating his civil rights and targeting him because of his race.
German diplomat in Brazil arrested, accused of killing husband
Uwe Herbert Hahn claimed Walter Henri Maximilien Biot, collapsed and fatally hit his head, police said.
Police kill 13 after capturing suspects burying one of their officers
The operation was the result of intelligence gathered after police arrested four people as they buried a member of the state police and a relative, authorities said.
9-year-old boy shot 15-year-old girl to death, Baltimore police say
Authorities said he was on a porch playing with a loaded handgun when it accidentally went off, then he dropped the gun and ran.
Space
More Space
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.
Blue Origin launches 6 passengers on sub-orbital trip to space
It was the sixth crewed flight of Blue Origin's New Shepard sub-orbital spacecraft.
Space Force early warning satellite launched into orbit
The $1.2 billion SBIRS satellite is the sixth and final member of a space-based fleet of infrared early warning stations.
Tonga volcano blasted unprecedented amount of water into atmosphere
Tonga's Hunga Tonga-Hunga Ha'apai volcano spewed an unprecedented amount of water vapor into the atmosphere.
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
Fallout over Indiana's ban on most abortions
Indiana's sweeping ban on most abortions is causing political and economic fallout as as some of the state’s biggest employers object to the restrictions. Indianapolis Star reporter Arika Herron joins "CBS News Mornings" with the latest.
What's next for Democrats' spending bill
The U.S. Senate has approved a sweeping bill on climate, health care and taxes. CBS News congressional correspondent Nikole Killion and senior White House and political correspondent Ed O'Keefe joined Anne-Marie Green and Vladimir Duthiers to discuss what's next for this historic legislation and what else is on the horizon for the White House.
H.R. McMaster on China-Taiwan tensions
China says it will continue to conduct military drills near Taiwan following House Speak Nancy Pelosi's controversial visit to the island. Former national security adviser H.R. McMaster joins CBS News to discuss the tension between the two governments and the U.S. role. He also shares insights about the dynamics of working in the Trump administration and responds to a new book excerpt calling him part of the "axis of adults."
Senate advances health, climate and tax reform
After a weekend of contentious debate, the Inflation Reduction Act was passed by the Senate. CBS News congressional correspondent Nikole Killion joins "CBS News Mornings" to break down what's inside the bill.
U.S. household debt soars
Despite recession fears, Americans are spending more and putting much of it on credit cards. Ron Hetrick, senior economist at Lightcast, joins "CBS News Mornings" to break down why people are feeling comfortable to spend.