Watch CBS News
We're in the midst of earnings season on Wall Street, and the numbers are coming in a little better than expected. Why? Because companies have slashed their expenses to become lean and mean. You should be doing the same in your own household.
Some are saying the recession is over and the worst is behind us. But with the financial markets, the worst is never behind you. Forgetting about risk is the biggest threat to your retirement security. And you're most likely to forget about it during the good times.
If you have to have a Great Recession, you want to have one like China is having. A laggard on the way into the downturn, the Middle Kingdom has become a leader on the way out. Its economy vaulted 7.9% in the second quarter, a turnabout that on Sunday The New York Times, quoting Andy Rothman, a Sh...
The Wall Street Journal ran a great article yesterday on what I would consider a major problem for public pensions, and it's called spiking. Spiking occurs when a public employee substantially increases his or her pay in the year or two prior to retirement for the purpose of locking in a higher pension payment. If you're a public employee, particularly a younger employee, this practice may jeopardize the security of your pension.
How much income will I need in retirement? During an average retirement you'll need 70-80 percent of your pre-retirement income to maintain the standard of living you enjoy while working, according to most estimates. You don't need to reproduce your full paycheck, according to this thinking, beca...
As you stare at the smoking ruin of your 401(k), the collapsed value of your home and the massive deficits facing Social Security, it's pretty clear what you have to do to have any hope of retiring with dignity. Work a few more years. Call it quits at 66, say, instead of 62. The math is surprisingly...
Tucked into the Obama financial reform package is a proposal to automatically enroll employees in IRAs if their employer doesn't have a retirement plan. It's a good initial idea, but it can be improved by equalizing the IRA and 401(k) contribution limits and removing the employer mandate from the plan.
Lately, I've gotten a number of questions from people who are frustrated by the low returns on their cash holdings. Getting 0.30% in a money market fund or in a short term CD isn't that exciting. So there's a temptation to seek higher returns on cash, but that could open you up to some surprising outcomes.
Maybe you didn't have a very good 2008. I sure didn't, and neither did a lot of people, including auto workers, journalists, realtors, bankers, manufacturers and importers and exporters. But financial advisers did just great. In a survey, they reported their income went up to up to $215,345, on a...
I've seen a number of recent articles trashing the 401(k) as a retirement savings vehicle. Clearly, there are problems with how effectively people use 401(k)s. But advocating for more company pensions or lifetime income annuities from insurance companies won't take the risk out of saving for retirement. In fact, these options may create bigger risks that you can't control.
The giant nonprofit offers multiple financial products, but are they any good? First under the microscope: AARP's $202 million mutual-fund family.
If you're like most investors, your 401(k) plan has probably taken a beating over the last 18 months. Maybe the problem is the people managing your mutual funds just aren't that smart. If you used smarter people, you should get better results. Right?
MoneyWatch's Jill Schlesinger does the math for you -- and explains how you can protect against unpleasant surprises.
As a sendoff into the 4th of July holiday, June's rise in unemployment to 9.5% was plenty discouraging. The gloom was pretty well crystallized in this New York Times op-ed by Bob Herbert, which quoted the Center for Labor Market Studies at Northeastern University in Boston, as saying that if you mea...
With workers stressing over their retirement plan balances, more people are calling for a return to some form of traditional employer sponsored pension or lifetime income guarantee. Let me break this to you gently: it's not going to happen. While policy wonks and commentators may debate it, the vast majority of employers have no stomach for it. You need to accept that your retirement is your responsibility, and plan accordingly.
A senior Iranian military official rejected President Trump's ultimatum, calling it "a helpless, nervous, unbalanced and stupid action."
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
The government's legal bid to continue East Wing construction has the hallmarks of President Trump's social media posts.
A possibly frozen vent line forced the Artemis II astronauts to avoid using their space toilet while engineers worked to resolve the problem.
Janice Randle was found dead in her bed in 1992, but police couldn't make an arrest in the case until new information emerged.
Washington, D.C., first responders said the building's structural integrity will be assessed once the bus is removed.
All men were charged Friday with arson and being reckless as to whether life would be endangered.
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
Washington, D.C., first responders said the building's structural integrity will be assessed once the bus is removed.
Frontenac, Kansas had everything it needed – except a public library. A mysterious donation changed that
The government's legal bid to continue East Wing construction has the hallmarks of President Trump's social media posts.
One consumer reported sustaining bruising and burn injuries.
Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.
U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.
The eye drops — sold under multiple brands — have been recalled over concerns about sterility, according to the FDA.
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
All men were charged Friday with arson and being reckless as to whether life would be endangered.
The attacks came as Ukrainian President Volodymyr Zelenskyy traveled to Istanbul for talks with Turkish President Recep Tayyip Erdogan.
The incident comes after a string of similar nighttime attacks across Europe that have heightened concerns over antisemitism.
Videos broadcast by local television stations showed a large crowd of fans in the south stands amidst an explosion of fireworks.
The search continues for a missing American service member after Iran shot down an F-15E fighter jet on Friday. Meanwhile, the Artemis II passed its halfway point to the moon.
Kenan Thompson sits down with Kelly O'Grady to reflect on his career and parenthood while discussing his new children's book "Unfunny Bunny."
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "It's Called Doubt."
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "The Luckier Ones."
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "I Need Your Love."
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Janice Randle was found dead in her bed in 1992, but police couldn't make an arrest in the case until new information emerged.
On April 3, 1996, the FBI arrested Theodore Kaczynski in the Unabomber case, ending one of the longest and most intense manhunts in U.S. history. Watch CBS News' coverage from that day.
President Trump's firing of Attorney General Pam Bondi is raising questions about their dynamic in the months prior. CBS News' Weijia Jiang reports.
A mother and daughter are accused of killing a man by poisoning his root beer float. CBS News' Peter Van Sant reports.
Golf icon Tiger Woods told officers at the scene of a Florida car crash where he was arrested for DUI that he was "just talking to the president." It's unclear if Woods was referring to President Trump. CBS News' Nicole Valdes reports.
A possibly frozen vent line forced the Artemis II astronauts to avoid using their space toilet while engineers worked to resolve the problem.
The Artemis II astronauts continued their long coast to the moon, capturing stunning photos along the way.
The photo shows the entire planet, as well as the Northern and Southern lights.
The engine firing provided a slingshot-like boost to the Orion capsule, speeding it to 24,500 mph, the velocity needed to break free of Earth's gravitational clasp for a trek to the moon.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Meet the woman who rescued a piece of the Oscars in a dumpster. Plus, we take a trip to Hollwyood to learn about the history of America's iconic film industry.
The search continues for a missing American service member after Iran shot down an F-15E fighter jet on Friday. Meanwhile, the Artemis II passed its halfway point to the moon.
"CBS Saturday Morning" visits Jollof Bowl, which is bringing West African flavors to Baltimore.
Kenan Thompson sits down with Kelly O'Grady to reflect on his career and parenthood while discussing his new children's book "Unfunny Bunny."
Frontenac, Kansas, is a community of 3,000 residents. When its city administrator received a mysterious $4.6 million dolllar donation from a couple whose dying wish was for a library to be built, the town sprung into action to solidify its legacy.