Watch CBS News
At just about every meeting I go to these days, people are asking about runaway inflation. What concerns me about the inflation issue is the certainty many people expresses about how the inflation threat may unfold. While we may get inflation, its effect on the economy and markets may play out differently than in the past.
Recent congressional hearings underscored a host of problems consumers can face with long-term-care insurance. The coverage may still be worthwhile — particularly if stroke or dementia runs in your family — but you should know the risks.
Over the last two weeks, I've written a couple of posts on bonds to help you become a better bond investor. I covered how bonds can help keep you on track for retirement as well as making sure you own safe bonds. Today I'm going to talk about why the safe bonds you own also need to be diversified.
Confidence, these days, is the only thing more infectious than swine flu. On MoneyWatch.com Thursday, for example, CBS's Alexis Christoforous ticked off postive developments under the headline Signs of an Economic Comeback. Initial unemployment claims dipped and retail sales edged up. (Never mind...
If you participate in a nonqualified deferred compensation plan, you may recall reading something about the money being subject to the claims of your employer's creditors. With big companies dropping like flies, the risk of losing your deferred compensation money is greater than previously understood. The tax benefit you get from the plans may not be worth the risk to your retirement security.
When you think of estate planning, most people think about getting their wills and trusts in order. But for many investors, their IRA or 401(k) beneficiary designation form will control the distribution of most of their assets.
Last week I wrote a post on how bonds can help keep you on track for retirement. But not all bonds are created equal. So this week I'm going to give you a few pointers on how to figure out if the bonds you own are safe enough for your retirement plan.
One of the simplest strategies you can use to help create more assets for your retirement plan is to make small and consistent prepayments on your mortgage. Since the home mortgage is usually the largest debt most families incur, a small change to your monthly mortgage payment may make a big difference to your retirement plan decades down the road.
In the past weeks, we've seen two 200-plus-point rallies in the Dow. The first coincided with the news that a starving nation led by a Stalinist throwback cult leader had detonated a nuclear bomb on the Korean peninsula. The second came on the day that a century-old symbol of American industrial mig...
The decline of General Motors is a good example of how the inability to accept sunk costs can be a barrier to a better future. As the saying goes, if you find yourself in a hole, stop digging. If a financial decision isn't working, you need to have the mental toughness to move on, even if it means accepting a loss.
About half of all financial assets in the world are invested in the bond market. But most individual investors have little understanding of bonds, and that's hurting their retirement plans. The stability offered by bonds can keep you on track for retirement and be a financial lifesaver in a crisis.
The natural response to the market rally of the past two months was to sigh in relief. Maybe the nightmare was over. Maybe, just maybe, we'd paid our dues, gotten the message about risk, suffered through the exception that proves the rule, and now can we please go back to the "normal" investing worl...
The Dow Jones Industrial Average has commonly been referred to as the blue chip index. This crisis, however, has crushed some of the bluest of the blue chips. Reflecting on the demise of these companies is a good reminder on the importance of diversification as a foundation for your financial security.
Does Cincinnati, Ohio, come to mind when you think of retirement? MoneyWatch Editor-at-Large Jill Schlesinger reveals some surprisingly great retirement locations.
The Dow's reaction to higher rates on Treasury notes yesterday -- a nearly 200-point drop -- is the sort of thing that will depress you if you spend too much time caught up in market's daily mood swings. Sure, there are lots of good reasons not to like higher interest rates, especially when you're p...
The U.S. carried out retaliatory strikes against Iran on Friday after Iranian forces hit a cargo vessel in the Strait of Hormuz a day earlier.
The twin earthquakes that hit Venezuela killed more than 900 people, and that toll is likely to keep rising as frantic rescue and recovery operations ramp up.
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
The reading list will take effect starting in 2030.
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
Utah is restricting fireworks as the largest wildfire in the nation grows, fueled by dry conditions and gusting winds.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Utah is restricting fireworks as the largest wildfire in the nation grows, fueled by dry conditions and gusting winds.
Wynola Wayne received a special retirement send-off after 58 years as a nurse. One former patient, Marco Houpe, said, "If it wasn't for her then, I wouldn't be here today."
Data from FlightRadar24 showed the plane was no more than 25 feet above the ground during the low pass as it approached the Horseshoe Bay Resort Jet Center airport.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
The Modigliani painting "Nu assis au collier" (Seated Nude Wearing a Necklace) sold for $63.9 million, the highest price achieved for a work by the artist sold at auction in Europe, Sotheby's said.
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
U.S. lawmakers recently grilled Jeffrey Epstein's longtime assistant Lesley Groff about Epstein's use of American Express to book travel for multiple women or girls.
In "Regime Change, Inside the Imperial Presidency of Donald Trump," Maggie Haberman and Jonathan Swan describe his fundamentally different approach to running the country.
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
Investigators initially suspected food poisoning, but that was quickly dismissed after Turkish media reported that their hotel was dealing with a bedbug infestation.
President Volodymyr Zelenskyy says Ukraine will ramp up attacks on Russia in an operation "aimed at compelling it to end the war."
An 18th-century archaeological dig uncovered a library of intact but charred scrolls. Their contents have been unreadable until recently.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
For the United States' 250th birthday, Sunday Morning asked dozens of notable Americans, from Jason Alexander and Ken Burns to Misty Copeland, what they considered to be our country's essential songs. This is the Essential American Songbook: 90 contributors and 250 songs. Here's a sample.
Comedian and entertainer Druski will host the BET Awards on Sunday. At 31, he's the youngest host in the show's history. He gave "CBS Mornings" co-host Nate Burleson a preview of what to expect.
In the lead-up to America's bicentennial in 1976, CBS aired brief segments featuring well-known figures of the time describing moments from early U.S. history. CBS News chief Washington correspondent Major Garrett introduces clips featuring legendary actors William Holden and Joseph Cotten.
The New York Times is reporting that Taylor Swift and Travis Kelce might tie the knot at Madison Square Garden. She has reportedly booked out the arena for the Fourth of July weekend, the rumored wedding date.
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
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.
Apple and Microsoft announced they're hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Billionaire Leon Black testified before the House Oversight Committee on Friday. After Black ended the interview, the committee issued two subpoenas. Democratic Rep. Suhas Subramanyam of Virginia, a member of the House Oversight Committee, joins "The Takeout" to discuss this and the U.S. strike on Iran.
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
A judge declared a mistrial in the case against a man accused of starting a fire that grew into the deadly 2025 Palisades Fire. The jury was deadlocked during deliberations. CBS News Los Angeles has more.
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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.
Steve Hartman goes "On the Road" with the story of a beloved nurse who got no ordinary retirement send-off after 58 years on the job.
After spending two weeks on the loose, a giraffe named Gracie was spotted Friday just miles from the Texas ranch she escaped in the Texas Hill Country. Mark Strassmann has more.
The U.S. Men's National Soccer Team suffered its first loss of the 2026 World Cup Thursday night, but will still advance to the knockout round to face Bosnia and Herzegovina on Wednesday. Nicole Valdes has more.
The U.S. struck back at Iran Friday after an Iranian drone attack on a cargo ship Thursday in the Strait of Hormuz. CENTCOM said U.S. aircraft hit Iran's missile and drone storage locations. Nikole Killion reports.
Red flag wildfire warnings were posted Friday in eight states from the Pacific Northwest to the Desert Southwest, with gusts of dry air creating blowtorch-like conditions. Carter Evans reports.