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.
MoneyWatch
Latest News
Bezos slams White House for telling gas stations to cut prices
The Amazon.com founder claims Biden is either relying on "misdirection or a deep misunderstanding of basic market dynamics."
Venice to impose fee on day-trippers to preserve historic city
In January, same-day tourists will be required to make reservations and pay to visit the historic lagoon city.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Welcome to a summer of travel hell
After two years of the pandemic, airlines are struggling to keep up with pent-up demand despite staff shortages, cancelled flights and bad weather; Transportation Secretary Pete Buttigieg says, "The bottom line is [airlines] need to deliver."
These U.S. companies are covering travel costs for abortions
Bellwethers from finance, technology and retail industries are bankrolling workers who need to access reproductive services.
End of Roe ushers in new era of "rage" funding on both sides
Donations are pouring in to nonprofit groups in what experts call an example of "rage giving."
How much can you save with a gas credit card?
Not taking advantage of any fuel-savings programs at all is a mistake, according to one analyst.
Consumer Reports: Salmonella found in a third of ground chicken
USDA says it is rethinking its approach to bacteria in poultry that sickens hundreds of thousands of people every year.
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.
How to choose a financial adviser that's right for you
There are several reasons to hire a financial adviser - at any stage of life, whether you're preparing for retirement or just launching your career.
What is a credit score, and what is it used for?
Lenders use your credit score to judge your ability to pay back a loan. Understanding your credit score - and how to improve it - can be a financial life changer.
Money Tech
Instagram, Facebook ban abortion pill posts after Roe ruling
Memes and status updates explaining how women can legally obtain abortion pills in the mail have surged on the platforms.
Hackers swipe $100 million from blockchain bridge Harmony
Attack is the third major theft this year involving services that help users trade crypto across different blockchains.
Yelp to shut 3 offices, saying the "future of work" is remote
Employees at the online review company used less than 2% of its office space in Chicago, New York and Washington, D.C.
Bitcoin extends slide as cryptocurrency selloff deepens
"Something that offers little now beyond speculative rallies is going to continue to struggle," one analyst said.
Layoffs hit tech sector amid biggest downturn in 15 years
High-tech startups are reassessing their prospects for the future as interest rates rise and investors get queasy.
Amazon to launch drone deliveries this year in California
E-commerce giant is working with the Federal Aviation Administration and local regulators to secure permits.
Google ordered to pay $515,000 in defamation suit in Australia
Google "facilitated the publication of horribly racist material" with two YouTube videos, plaintiff's lawyer says.
Elon Musk threatens to cancel Twitter buyout
Lawyers for the Tesla CEO accused Twitter of withholding information on the true number of bots on the platform.
A fix for McDonald's soft-serve machines?
As the fast-food chain's non-functioning ice-cream machines became a national punchline, tech startup Kytch developed a device that helped franchisees get their machines back online – and that's when the fight over soft-serve began to really heat up.
Latest News
At least 6 killed in shooting at Illinois parade; person of interest in custody
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
Cheney says Jan. 6 committee could make criminal referral for Trump
Committee members say new information is coming to light following Cassidy Hutchinson's testimony.
Family calls for justice, peace after fatal police shooting video released
A preliminary medical report says Walker, who was unarmed at the time of the shooting, had more than 60 gunshot wounds.
U.S. says shot that killed journalist was likely fired from Israeli positions
U.S. officials say they have concluded that gunfire from Israeli positions likely killed Al Jazeera journalist Shireen Abu Akleh but that there was "no reason to believe" her shooting was intentional.
Teen will lose her leg after shark attack in Florida
Addison Bethea was scalloping along the gulf coast with her older brother, a firefighter, when a 9-foot-long shark latched onto her thigh.
At least 14 hikers still missing as death toll rises after glacier collapse in Italy
At least seven hikers were killed in the devastating avalanche, while eight people suffered injuries and 14 others remained missing Monday.
Chaos at U.S. airports as airlines cancel thousands of flights
Millions of travelers packed into airports over the holiday weekend, and many were met with chaos as thousands of flights were delayed or cancelled.
Copenhagen mall shooting motive likely not terrorism, police say
Authorities filed preliminary charges of murder and attempted murder against a 22-year-old Danish man.
Brittney Griner writes letter to Biden from Russian prison
A handwritten letter from Brittney Griner was delivered to the White House on the Fourth of July.
Small Business
More
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.
Americans need $35.80 an hour to afford basics. Few make that.
Workers in only two of 3,100 U.S. counties typically earn enough to meet basic needs, new study finds.
Labor shortage is biggest challenge for small businesses
Labor shortages, the Omicron variant and supply chain issues pose significant challenges to small businesses.
Bringing equity to the VC funding process
New data released by Crunchbase shows that only 2.2% of all venture funding went to female-founded startups in the first eight months of this year. Deena Shakir, partner at Lux Capital, joins CBSN to discuss what needs to change to bring equity for female entrepreneurs and investors.
Retirement
More
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.
How to manage your retirement account in a bear market
With stocks plunging and inflation at a 40-year high, experts offer tips for riding out the turbulence.
U.S.
More U.S.
At least 6 killed in shooting at Illinois parade; person of interest in custody
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
Major cities cancel July 4 fireworks amid fire fears, supply chain issues
Some cities are choosing to illuminate the night sky with drones or laser beams instead.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Teen will lose her leg after shark attack in Florida
Addison Bethea was scalloping along the gulf coast with her older brother, a firefighter, when a 9-foot-long shark latched onto her thigh.
Amber Heard asks to throw out trial verdict, cites vetting of juror
Heard's lawyers argued that the verdict was not supported by the evidence and that one of the jurors may not have been properly vetted by the court.
MoneyWatch
More MoneyWatch
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
End of Roe ushers in new era of "rage" funding on both sides
Donations are pouring in to nonprofit groups in what experts call an example of "rage giving."
Bezos slams White House for telling gas stations to cut prices
The Amazon.com founder claims Biden is either relying on "misdirection or a deep misunderstanding of basic market dynamics."
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.
Venice to impose fee on day-trippers to preserve historic city
In January, same-day tourists will be required to make reservations and pay to visit the historic lagoon city.
Politics
More Politics
California's Newsom to Floridans in new ad: "Join us"
Gov. Gavin Newsom is running for reelection in California, but his latest television ad is airing in Florida.
Cheney says Jan. 6 committee could make criminal referral for Trump
Committee members say new information is coming to light following Cassidy Hutchinson's testimony.
Last WWII Medal of Honor recipient to lie in honor at U.S. Capitol
Williams, a retired U.S. Marine Corps officer and the last living medal of honor recipient from World War II, died Wednesday at 98 years old.
Full transcript of "Face the Nation" on June 26, 2022
On this "Face the Nation" broadcast, Secretary Alejandro Mayorkas and Rep. Adam Schiff join Margaret Brennan.
Racial disparity in maternal deaths "one of the biggest challenges," expert says
"We see that as a top of the iceberg of poor health in women and poor health in Black women," Dr. Henning Tiemeier told "Face the Nation."
Health
More Health
Health
Juvenile arthritis or growing pains?
Dr. Karen Onel, pediatric rheumatology chief, explains symptoms of stiffness and joint swelling to look for in children.
Racial disparity in maternal deaths "one of the biggest challenges," expert says
"We see that as a top of the iceberg of poor health in women and poor health in Black women," Dr. Henning Tiemeier told "Face the Nation."
Texas Supreme Court blocks order that resumed abortions
The Texas Supreme Court has temporarily blocked a lower court order that allowed some abortions to resume.
Jet fuel leak poisons drinking water in Hawaii
Thousands of Navy families living near Pearl Harbor have been poisoned after a jet fuel leak contaminated the tap water system. Investigations revealed a failure of leadership and oversight as the cause of this dangerous incident. David Martin has more.
1 dead in listeria outbreak linked to Florida
The Centers for Disease Control and Prevention is investigating the source of a recent outbreak of listeria. One person has died and nearly two dozen have been hospitalized. All of the patients either reside in or traveled to Florida before becoming sick.
World
More World
Copenhagen mall shooting motive likely not terrorism, police say
Authorities filed preliminary charges of murder and attempted murder against a 22-year-old Danish man.
Brittney Griner writes letter to Biden from Russian prison
A handwritten letter from Brittney Griner was delivered to the White House on the Fourth of July.
At least 14 hikers still missing as death toll rises after glacier collapse in Italy
At least seven hikers were killed in the devastating avalanche, while eight people suffered injuries and 14 others remained missing Monday.
U.S. says shot that killed journalist was likely fired from Israeli positions
U.S. officials say they have concluded that gunfire from Israeli positions likely killed Al Jazeera journalist Shireen Abu Akleh but that there was "no reason to believe" her shooting was intentional.
How the "American Woman" guitar got back to its owner 46 years later
CBS News hears the unlikely story of how rock star Randy Bachman's got his favorite guitar back from the man himself, and the two others who made it happen.
Entertainment
More Entertainment
How the "American Woman" guitar got back to its owner 46 years later
CBS News hears the unlikely story of how rock star Randy Bachman's got his favorite guitar back from the man himself, and the two others who made it happen.
Venice to impose fee on day-trippers to preserve historic city
In January, same-day tourists will be required to make reservations and pay to visit the historic lagoon city.
Randy Bachman's 1976 stolen guitar returned
Randy Bachman made hits like "American Woman" and "Takin' Care of Business" on a pumpkin orange 1957 Gretsch, a guitar he'd bought with savings as a teenager. But the instrument that the founding member of The Guess Who and Bachman-Turner Overdrive had learned to play on was stolen in 1976. CBS News senior foreign correspondent Elizabeth Palmer speaks with Bachman and the sleuth that tracked down his long lost guitar.
Blockbuster movies to see this summer
Fandango's managing editor Erik Davis joins "CBS Mornings" to discuss the exciting movies premiering this summer and to share his top recommendations.
Ricky Martin hit with restraining order, says claims "completely false"
The singer thanked supporters for their "innumerable gestures of solidarity" as reports suggested a relationship gone wrong.
Technology
More Technology
Technology
Voyager Digital suspends crypto trading
Digital asset brokerage company Voyager Digital is the latest casualty of the cryptocurrency meltdown. CBS News tech reporter Dan Patterson joins Anne-Marie Green to discuss what this means for investors.
Google to delete location history for visits to abortion clinics
Visits to counseling centers, fertility centers, addiction treatment facilities, weight loss clinics and cosmetic surgery clinics will also be erased from users' location histories.
FCC wants TikTok removed from app stores
FCC Commissioner Brendan Carr has issued an order for Apple and Google to remove TikTok from their app stores, citing a pattern of surreptitious data storage and access. The FCC gave Apple and Google until July 8 to respond. CBS News tech reporter Dan Patterson joins anchors Tanya Rivero and Nikki Battiste to explain the controversy.
Big Tech faces pressure on abortion cases
Tech companies are facing numerous questions on whether they will cooperate with law enforcement officials who may seek to prosecute abortions where the procedure is now banned. CBS News tech reporter Dan Patterson has more on the pressures these companies are facing, including from their own employees.
Summer gadgets to help you stay cool
CNET editorial director Dan Ackerman joins "CBS Mornings" to share innovative technology that can help families beat the heat and save money this summer.
Science
More Science
Science
"Engine Trouble": How greenhouse gases threaten our world
The Supreme Court's ruling on Thursday limiting the Environmental Protection Agency's ability to strictly regulate greenhouse gas emissions from power plants makes the effort to counter climate change much more difficult. In this "CBS Sunday Morning" video essay, writer and narrator Robert Krulwich explains why rising levels of carbon dioxide in our air since the beginning of the Industrial Revolution pose an existential threat to us and our planet. Based on the work of Aatish Bhatia. Animation directed and designed by Nate Milton. Music by Buck St. Thomas.
New York denies permit renewal for bitcoin mining company
State officials said Greenidge Generation's mine is a threat to New York's climate goals. A Greenidge spokesperson says, "It simply would not."
2022 wildfire season sparks to life
Dozens of wildfires were burning across the nation this week. Climate change is making these fires more frequent and intense, and the crews that fight them are feeling the toll. CBS News’ Ben Tracy sat down with Kelly Martin, president of the Grassroots Wildland Firefighters Association, to talk about what these brave firefighters go through.
Another giant African snail sighting forces Florida county into quarantine
Florida officials confirmed the recurrence of an invasive snail species that destroys wildlife and poses serious threats to human health.
West seeing "biblical" explosions of Mormon crickets and grasshoppers
Drought and warming temperatures - conditions favored by the insects - have fanned the outbreaks.
Crime
More Crime
At least 6 killed in shooting at Illinois parade; person of interest in custody
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
"Very active investigation" of parade shooting
Law enforcement officials in Highland Park, Illinois, provided an update on the investigation after a shooting at the Fourth of July parade. At least six people were killed and about two dozen wounded, some critically. Officials said the gunman is still on the loose, and people in the area are being advised to shelter in place. Watch the full briefing.
Police: 6 killed in July 4th parade shooting
Law enforcement officials and the mayor in Highland Park, Illinois, held a news conference after a gunman opened fire at a Fourth of July parade, killing at least 6 people and leaving two dozen injured. The suspect is still being sought. Watch the briefing here.
Woman who killed pimp in 1994 pardoned by California governor
It's the final step in an official redemption that has spanned more than a decade and three governors of both political parties.
Daughter of slain reporter dies of wounds from attack that killed her dad
Cinthya de la Cruz Martínez, 23, was with her father in the vehicle and was also shot.
Space
More Space
Atlas 5 launches early warning testbed satellite
New infrared sensor technology is designed to improve detection of ballistic and hypersonic weapons.
SpaceX launches SES communications satellite
The SES-22 relay station is the first of six new satellites that will deliver TV, radio and data across the U.S.
First Mexican-born woman to go to space describes "fascinating" journey
"Seeing the Earth from the outside ... it really puts things into perspective," Katya Echazarreta said.
55-pound spacecraft heads to moon to test "halo" orbit for NASA
The solar-powered microwave oven-sized craft is a key part of the agency's Artemis moon program.
NASA delays Psyche asteroid mission
Depending on the results of an independent review, budget impacts and other factors, the Psyche mission could face cancellation.
Latest Galleries
More Latest Galleries
Live music is back on stage 2022
Concerts are back on track, with rock, heavy metal, country and hip hop artists returning to live performances.
Best shows to watch on Netflix right now
One of these shows could be your next binge obsession.
Best movies streaming right now on Netflix
Looking for something fresh to watch? Here are the top films available on the streaming platform.
The 31 deadliest jobs in America in 2022, ranked
If you work in one of these industries, you already know the risks.
The end of Roe v. Wade: America reacts
As abortion-rights activists mourned the end of an era, anti-abortion advocates celebrated a long-fought victory.
Latest Videos
More Latest Videos
Latest Videos
Man held over Illinois shooting
Police have captured a 21-year-old man they’re calling a person of interest in the shooting attack that left six people dead at an Illinois 4th of July parade. An 11-year-old boy died in what his mom says was a “tragic freak accident” with fireworks in Indiana. And swimmer Ryan Lochte says he’ll auction off six of his 12 Olympic medals, with the money going to a charity for terminally ill children.
Eye on America: School safety, and more
We go inside one New Jersey school that's raising the bar to keep children safe. And a look back on history, we meet with a civil rights activist reflecting on a famous sit-in in Mississippi. Watch these stories and more on Eye on America with host Michelle Miller.
Reporter witnessed Illinois parade shooting
Lynn Sweet, the Washington bureau chief for the Chicago Sun-Times, was at the Fourth of July parade in Highland Park, Illinois, when a gunman opened fire. She joined CBS News' Lana Zak to talk about what she witnessed.
Police video released in Jayland Walker shooting
Protests bubbled over Sunday night following the release of police body cam footage showing the pursuit and killing of 25-year-old Jayland Walker after a traffic stop. Walker, a Black man, was shot up to 60 times by police after what Akron, Ohio police say was a car chase then foot pursuit. CBS News correspondent Elise Preston joined Anne-Marie Green from Akron, Ohio with a detailed report.
The TikTok generation's favorite baseball team
The Savannah Bananas are messing with baseball's rich traditions, becoming a viral video sensation. Kris Van Cleave shares more on the team turning baseball into a circus.