Bank of America hikes its minimum wage to $22 per hour
Nation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.
Bank of America
Bank of America CEO on inflation, Fed meeting
Bank of America CEO and Chairman Brian Moynihan joins "CBS Mornings" to discuss possible Federal Reserve steps to reduce inflation and whether he thinks America is headed for a recession.
Bank of America CEO calls Roe v. Wade "settled law"
Brian Moynihan said Bank of America will assemble a broad team of employees to discuss what the company can do if Roe v. Wade is struck down.
"Black Panther" director falsely detained
"Black Panther" director Ryan Coogler was trying to withdraw money by passing a note to a teller, who then mistook him for a bank robber. Atlanta police say the incident was a mistake, and Bank of America has since apologized. Mola Lenghi reports.
"Black Panther" director mistaken for bank robber, video shows
Ryan Coogler was approached by police minutes after passing a note to a teller asking her to be discreet over a money withdrawal.
Bank of America to slash overdraft fees to $10 from $35
Nation's second-largest bank also will stop charging customers when they bounce a check.
Two U.S. banks cut overdraft fees
Bank of America is reducing its $35 overdraft fee to $10 and Capital One is offering free overdraft protection as U.S. banks come under pressure from federal regulators to cut those fees.
Banks could suffer massive wave of job losses, analysts say
About 100,000 jobs could vanish over the next five years due to automation, according to Wells Fargo.
U.S. economy reaches pre-pandemic levels
The Labor Department says 400,000 Americans filed first-time unemployment claims last week, down 24,000 from the previous week. And the Commerce Department reports the nation's gross domestic product has reached pre-pandemic levels. Michelle Meyer, head U.S. economist for Bank of America Securities, joins CBSN to discuss the U.S. economic recovery.
Bank of America CEO says U.S. economy is "really set to go"
Bank of America CEO Brian Moynihan says increased consumer spending is helping the U.S. economy rebound from the pandemic.
Bank of America's minimum wage to hit $25 an hour by 2025
The bank joins Amazon, Chipotle and McDonald's on a short list of big companies that recently hiked their hourly wages.
Minority-owned banks draw billions in funding and donations
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
Bank of America joins Chase in announcing card-free technology
Bank of America joins Chase in announcing card-free technology. New ATMs will allow you to get your money with your smartphone. The move is designed to save customers' time. CNET senior editor Dan Ackerman joins “CBS This Morning” to discuss the latest way technology is changing how we use money.
Jill Wagner reports on the day's top MoneyWatch headlines
Some Apple Pay users with Bank of America accounts were accidentally double-charged for some mobile purchases. Also, Google has created a new Gmail app called Inbox, which is coming soon. Jill Wagner reports on the day's top MoneyWatch headlines.
U.S. Attorney General Eric Holder called the Justice Department's settlement with Bank of America a "historic step forward" in protecting the American public from financial fraud
U.S. Attorney General Eric Holder called the Justice Department's settlement with Bank of America a "historic step forward" in protecting the American public from financial fraud. The deal is the largest government settlement stemming from the 2008 financial meltdown.
It is a result of the bank's role in the sale of mortgage-backed securities before the 2008 financial crisis
It is a result of the bank's role in the sale of mortgage-backed securities before the 2008 financial crisis. The bank will pay about $10 billion in cash and another $7 billion to homeowners. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the details of the settlement.
Officials say Bank of America expected to pay almost $17 billion: the largest settlement arising from the 2008 financial crisis
Officials say Bank of America expected to pay almost $17 billion: the largest settlement arising from the 2008 financial crisis. Also, UPS says a computer virus was found on systems at 51 of its stores. Wendy Gillette has some of today's top MoneyWatch headlines.
"CBS This Morning" takes a look at some of the headlines from around the globe
"CBS This Morning" takes a look at some of the headlines from around the globe.
Also; Spring has sprung and so has home construction
Spring has sprung and so has home construction, expect a kill switch to come with smart phones after July 2015, and Ford is rolling out a limited editing Mustang GT to honor the car's 50th anniversary. Jill Wagner has these stories and more MoneyWatch headlines.
Keep an eye on these 4 companies and their diversity efforts
Black business leaders shared their short list of companies expected to move the needle on racial equality in 2021.
Unemployment fraud crackdown is "disaster" for some with real claims
Jobless Californians with legitimate unemployment claims are struggling to get their money.
Bank of America pledges $25M to address racial inequities
Bank of America is pledging to address racial and economic inequities by committing $25 million to assist "up-skilling and reskilling" for Black and Hispanic-Latino students. Ebony Thomas, the bank's environmental, social and governance strategy executive, joined CBSN to discuss why investing in communities of color is valuable.
Bank of America ends pandemic pay, citing "business as usual"
Financial giant, with $12 billion in profits this year, had been offering some workers an extra $400 a month.
Bad debts top $100 billion at nation's biggest banks
JPMorgan Chase expects $32 billion worth of bad loans, nearly triple what it had set aside a year ago, before Covid hit the world.
Recession to be felt "deep into 2022," says Bank of America
Consumer banking giant revised down its outlook for U.S. economy as cities and states pause or reverse plans to reopen.
Trump responds to "traitor" Marjorie Taylor Greene after "60 Minutes" interview
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
Supreme Court seems open to allowing Trump to fire some officials without cause
The Supreme Court heard arguments over the president's authority to remove members of many independent agencies that Congress has sought to insulate from political pressure.
Alina Habba resigns from U.S. attorney's office after court ruling
Alina Habba served as a personal lawyer to President Trump before she was tapped to temporarily serve as U.S. attorney in New Jersey.
Trump walks back support for releasing video of second boat strike
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Defense bill would limit Pentagon travel funds until boat strike footage released
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
Fired FBI agents file lawsuit against Patel, Bondi, FBI and DOJ
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
White House announces $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy Warner Bros. in a deal valued at $82.7 billion.
Golden Globe nominations announced for 2026. See the list.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
U.S.
More U.S.
Trump walks back support for releasing video of second boat strike
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
More than 75% of homes across the U.S. are unaffordable, study finds
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
Fired FBI agents file lawsuit against Patel, Bondi, FBI and DOJ
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
What to expect when the Fed announces next interest rate move this week
The Federal Reserve's last meeting of 2025 will determine whether borrowers get more relief on interest rates.
Miami Heat star Terry Rozier pleads not guilty in sports betting case
NBA star Terry Rozier was arrested in Orlando in October during a sweeping FBI crackdown in which 34 defendants were charged across two federal indictments.
MoneyWatch
More MoneyWatch
More than 75% of homes across the U.S. are unaffordable, study finds
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
What to expect when the Fed announces next interest rate move this week
The Federal Reserve's last meeting of 2025 will determine whether borrowers get more relief on interest rates.
Trump announces $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Politics
More Politics
Trump walks back support for releasing video of second boat strike
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Lawmaker asks what happened to probe into for-profit dialysis industry
Two companies dominate U.S. dialysis services, and a CBS News review of federal data found one-third of dialysis clinics failed to meet federal standards this year.
Defense bill limits Pentagon travel funds until boat strike footage released
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
Fired FBI agents file lawsuit against Patel, Bondi, FBI and DOJ
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
Jasmine Crockett announces campaign for Texas Democratic Senate primary – watch live
Rep. Jasmine Crockett filed paperwork to run for U.S. Senate just hours before the state's deadline — and hours after fellow Democrat Colin Allred dropped out.
HealthWatch
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Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Details on CDC Hepatitis B vaccine decision
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
Controversial appointee rocks FDA like "an atom bomb," scientists there say
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
California warns against foraging mushrooms after cluster of poisonings, 1 death
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Artist who fought for diagnosis turns incurable cancer journey into art
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
World
More World
Defense bill limits Pentagon travel funds until boat strike footage released
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
8 Matisse artworks stolen from library in São Paulo, Brazilian officials say
One of two suspects has been arrested in the theft of eight artworks by Matisse, as well as five pieces by Brazilian modernist painter Candido Portinari.
Wreck of 2,000-year-old pleasure boat discovered off Egypt's coast
Underwater archaeologists announced they had discovered the ancient wreck of an ancient Egyptian pleasure boat off the coast of Alexandria.
4 dead, 1 missing after wave drags swimmers out to sea at Spain tourist spot
A powerful wave dragged a group of swimmers at a popular seawater pool along the coast of the Spanish island of Tenerife. At least four people have died and one is missing.
Zelenskyy seeks support as Trump accuses him of not reading peace proposal
White House envoys say the Ukraine peace process hinges "on Russia's readiness," but Mr. Trump is once again voicing disappointment with Kyiv.
Entertainment
More Entertainment
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Golden Globe nominations announced for 2026. See the full list.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
Golden Globe nominees announced
"CBS Mornings" reveals the nominees for some of the Golden Globe Awards' biggest categories. Plus, Fandango managing editor Erik Davis breaks down the nominations.
Trump hosts Kennedy Center Honors, a first for a president
President Trump hosted the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Book excerpt: "The Colonel and the King" by Peter Guralnick
Elvis Presley biographer Peter Guralnick's latest book traces the relationship between the King and Colonel Tom Parker, a manager whose marketing savvy helped launch a rock 'n' roll revolution.
Technology
More Technology
Technology
At least 6 families sue Character.AI
At least six American families are suing Character.AI, its co-founders and Google over the role its chatbot allegedly played in encouraging their children to take their own lives. Ian Krietzberg, AI correspondent for Puck News, joined CBS News to discuss.
Waymo fallout amid school bus safety issues
Waymo, the ride-hailing service, says it is planning a voluntary software recall to fix a glitch after reports its self-driving cars don't stop for school buses. The company has already tried to fix the issue, but police in Texas said it didn't work. Kris Van Cleave reports.
How AI powered robots are helping small farms
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.
2025 holiday gift ideas from Techno Claus
Who dresses as St. Nick and speaks an odd brogue? Why, it's Techno Claus, a.k.a. David Pogue! He offers "Sunday Morning" viewers his valuable tips for the gadget lovers on your gift-giving list.
There's a new face in Hollywood, generated by AI
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. What might that mean for the media industry?
Science
More Science
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
More Crime
Crime
Luigi Mangione in court for pretrial hearing
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson in December 2024, returned to court Monday for a pretrial hearing. CBS News legal contributor Caroline Polisi joins with analysis.
New evidence revealed in Mangione hearing
Luigi Mangione, charged with murdering UnitedHealthcare CEO Brian Thompson last year in New York City, was back in court Monday as his defense attorneys try to have certain evidence withheld from his upcoming state trial. CBS News legal reporter Katrina Kaufman has more.
8 Matisse artworks stolen from library in São Paulo, Brazilian officials say
One of two suspects has been arrested in the theft of eight artworks by Matisse, as well as five pieces by Brazilian modernist painter Candido Portinari.
Drawing attention to domestic violence
It's one of the most common violent crimes in America, but many experts say we don't talk about it enough. Domestic violence is behind the majority of shootings where women are injured or killed. The head of our CBS News Crime and Public Safety Unit, Anna Schecter, takes a closer look at the issue.
Miami Heat star Terry Rozier pleads not guilty in sports betting case
NBA star Terry Rozier was arrested in Orlando in October during a sweeping FBI crackdown in which 34 defendants were charged across two federal indictments.
Space
More Space
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Luigi Mangione in court for pretrial hearing
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson in December 2024, returned to court Monday for a pretrial hearing. CBS News legal contributor Caroline Polisi joins with analysis.
SCOTUS poised to expand Trump's firing power
A majority of Supreme Court justices appeared ready on Monday to allow President Trump to fire independent agency members without cause. CBS News chief legal correspondent Jan Crawford explains.
Trump's farmer aid comes amid Greene schism
President Trump on Monday announced a $12 billion aid package for U.S. farmers. The news comes as Republican Rep. Marjorie Taylor Greene accuses Mr. Trump of walking away from "America First" policies. CBS News chief White House correspondent Nancy Cordes reports.
Source: Jasmine Crockett running for Senate
Rep. Jasmine Crockett has filed the paperwork to run for Democratic primary for U.S. Senate in Texas, a source tells CBS News Texas. CBS News reporter Shawna Mizelle has more.
New evidence revealed in Mangione hearing
Luigi Mangione, charged with murdering UnitedHealthcare CEO Brian Thompson last year in New York City, was back in court Monday as his defense attorneys try to have certain evidence withheld from his upcoming state trial. CBS News legal reporter Katrina Kaufman has more.