Here's what the Common Cents Act means for businesses, consumers
New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
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New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
A former Union City bank employee was sentenced to 18 months in federal prison on Monday after he admitted to embezzling more than $800,000, prosecutors said.
The department said it is preparing for the banknote in response to legislation proposed last year.
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
The rejection comes as Macy's struggles to surmount an industrywide sales slump brought on by online competitors.
A $2 bill with a red seal can sell for $300 to $2,500. Those with brown or blue seals can sell for hundreds.
Peer-to-peer payments, cash card purchases and other transactions have been disrupted, Square said.
China's yuan is at a 16-year low and the country appears to be experiencing deflation. Economists say these are signs China could be facing an extended economic downturn. CBS News' Lana Zak has more on what caused this crisis.
Customers took to social media to express concern and frustration after payments didn't up up in their accounts.
A new survey finds that far fewer Americans are moving for work -- just 1.6% of job seekers moved in the first quarter of 2023, compared to 45% in 1986. CBS MoneyWatch associate managing editor Irina Ivanova explains the possible reasons behind the shift.
She took home the biggest prize possible in the game as several others in the state won millions from their own scratch-offs.
California Attorney General Rob Bonta urged investors seeking to invest in cryptocurrency to be cautious, amid recent volatility in the crypto market and the bankruptcy of a major exchange.
It has been a trying week for the stock market and investors, with all major indices in the red on Friday. Hope King, business reporter for Axios, discusses what may be coming next, and how you can protect your money.
It's not just the big guys getting hurt in this digital currency market collapse. Da Lin spoke with a San Francisco woman who lost tens of thousands in the latest crypto crash. (11-11-22)
The dramatic collapse of cryptocurrency and in particular a company tied to a major crypto exchange is having a widespread impact on investors.
