Specter of "too big to fail" still haunts the banking industry
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Bank of America
Top economist shares outlook for 2023
The U.S. saw solid gains in the labor market in December, but concerns about a possible recession still linger. Bank of America's chief economist Michael Gapen joins CBS News' Catherine Herridge with his economic forecast for 2023.
Bank of America economist: 2023 could be "difficult"
Michael Gapen, chief economist at Bank of America, says the U.S. "may be able to avoid" a recession in 2023, but it "could be a difficult year."
Bank of America CEO sees mild recession in 2023
Bank of America CEO Brian Moynihan says he expects a "shallow recession" over the next year.
Bank aims to address racial homeownership gap
Bank of America is offering zero-down-payment and zero-closing-cost mortgages in a push to address racial disparities in homeownership. CBS News' Tanya Rivero and Errol Barnett speak with Jun Zhu, non-resident fellow of housing finance policy at the Urban Institute, about how effective this program could be.
Americans think economy headed for recession
New polling reveals 81% of adult Americans think the economy will likely experience a recession this year. David Tinsley, a senior economist at the new Bank of America Institute, joins CBS News' Tanya Rivero and Meg Oliver to discuss the state of the economy.
High gas prices take toll on other spending
National average gas prices reached a new record high on Memorial Day at over $4.61 per gallon. In order to budget for higher prices at the pump, many Americans are cutting back on other spending. Bank of America Institute's senior economist David Tinsley explains the relationship between gas prices and consumer spending and which groups are making the biggest cutbacks.
Report predicts "mild recession" in U.S.
A report from Bank of America says the U.S. will have a "mild recession" in the second half of 2022, fueled by inflation and heightened energy costs. Michael Gapen, head of U.S. Economics for Bank of America, joins "CBS News Mornings" to explain the report's findings and what a potential recession means for Americans.
Bank of America fined $225 million for botching pandemic aid
More than 100,000 people will be compensated for the bank's faulty fraud detection program, which froze customer accounts.
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 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.
Live
Trump threatens to bomb a bridge or power plant for every ship Iran attacks
The Pentagon keeps insisting the Strait of Hormuz is open, but with Iranian attacks continuing, one shipping insider says "nothing is going through."
House GOP advances $95B plan to fund Iran war and SAVE America Act
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
Nolan Wells' cause of death undetermined, family's autopsy shows
Nolan Wells, 18, was found dead just off Horn Island in Mississippi after enjoying a day out with friends on July 4.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
Tropical Storm Bertha makes landfall on Gulf Coast. See its path.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
House and Senate take different paths to avoid shutdown before midterms
Another deadline to fund the government is looming this fall in Congress, and lawmakers seem eager to avoid another costly impasse ahead of the midterm elections.
DOJ sues 2 Chinese companies over immersion water heaters that can ignite
The Justice Department is trying to force the two Chinese companies to recall immersion water heaters used for bathtubs and pools.
Lung cancer in nonsmokers: "A women's health crisis"
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
U.S.
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Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
First beluga whales from Marineland arrive in Texas as rescue gets underway
Two beluga whales settled into their new home at SeaWorld San Antonio this week following an international relocation mission from shuttered Canadian theme park Marineland.
House GOP advances $95 billion plan to fund Iran war and SAVE America Act
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
ChatGPT's medical advice nearly killed a man, lawsuit claims
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
MoneyWatch
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House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
ChatGPT's medical advice nearly killed a man, lawsuit claims
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
What Trump's generic drug tariffs could mean, according to experts
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
"Nothing is going through" the Strait of Hormuz, shipping insider says
Despite U.S. assertions, the CEO of a maritime risk firm says "there is no guarantee of safe passage" through the Strait of Hormuz.
Kalshi debuts a midterm election hub to predict race outcomes
The site claims its hub will provide accurate insights into election outcomes based on traders' bets.
Politics
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Council handpicked by Trump to gut review process of historic-preservation projects
The Advisory Council for Historic Preservation, whose members were mostly handpicked by President Trump, is poised to end mandatory state review and public comment on projects affecting historical properties.
House GOP advances $95 billion plan to fund Iran war and SAVE America Act
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
House passes bill to limit stock purchases by members of Congress
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
House and Senate take different paths to avoid shutdown before midterms
Another deadline to fund the government is looming this fall in Congress, and lawmakers seem eager to avoid another costly impasse ahead of the midterm elections.
DOJ sues 2 Chinese companies over immersion water heaters that can ignite
The Justice Department is trying to force the two Chinese companies to recall immersion water heaters used for bathtubs and pools.
HealthWatch
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ChatGPT's medical advice nearly killed a man, lawsuit claims
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
What Trump's generic drug tariffs could mean, according to experts
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
FDA recalls antihistamine tablets. Here are the affected products.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Lung cancer in nonsmokers: "A women's health crisis"
Lung cancer is the leading cause of cancer death in American women — and a growing share of new cases are in women who've never smoked.
Agency set to sweep up medical data says some identifying info will be removed
The Office of Personnel Management said it will "pseudonymize" medical records it collects on more than 8 million people — federal workers and retirees, and their family members.
World
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First beluga whales from Marineland arrive in Texas as rescue gets underway
Two beluga whales settled into their new home at SeaWorld San Antonio this week following an international relocation mission from shuttered Canadian theme park Marineland.
5,700 more deaths than usual recorded in France during heat wave
France experienced at least 5,700 more deaths than usual during a historic heat wave last month, according to the public health agency.
"Nothing is going through" the Strait of Hormuz, shipping insider says
Despite U.S. assertions, the CEO of a maritime risk firm says "there is no guarantee of safe passage" through the Strait of Hormuz.
U.S. and Saudi Arabia sign nuclear cooperation deal
The U.S. and Saudi Arabia signed a deal for U.S. companies to run nuclear power on Saudi soil, the U.S. Department of Energy announced Wednesday.
France becomes first EU country to ban social media for kids under 15
As lawmakers approve a social media ban on kids and phones in high schools, Macron says France is "leading the way in Europe when it comes to protecting our children."
Entertainment
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Entertainment
Luke Bracey on "Little House on the Prairie"
Luke Bracey tells "CBS Mornings" the new "Little House on the Prairie" series was adapted from the books rather than a reboot of the TV show. He explains why he thinks it resonates with people today and how a playlist helped him and a co-star bond over their characters.
Anson Mount previews new "Star Trek" season
Anson Mount previews the fourth season of "Star Trek: Strange New Worlds." He talks about his introduction to "Star Trek" and why he thinks it's the best season yet.
Tenisha Warner, widow of Malcolm-Jamal Warner, opens up about being a single mom
Tenisha Warner sat down for an exclusive interview with "CBS Mornings" before a lawsuit over her late husband's estate became public, and discussed her grief and raising her daughter alone.
Inside the cameras used for "The Odyssey"
Christopher Nolan's "The Odyssey" has made history as the first feature-length film shot entirely on 70mm IMAX cameras. Jay Holben, technical editor for the American Cinematographer, joins CBS News to discuss.
Kaylee Hottle, actress in "Godzilla vs. Kong," dies at 18 in car crash
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
Technology
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Technology
New tech could help millions of paralyzed people
New findings identified a technology that could restore movement and sensation for millions of paralyzed people living with spinal cord injuries. Bradley Blackburn has the story.
OpenAI says new model hacked on its own
OpenAI says its new artificial intelligence model hacked another company on its own in what the company called "an unprecedented cyber incident." Mashable tech editor Tim Werth joins CBS News to discuss.
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.
France becomes first EU country to ban social media for kids under 15
As lawmakers approve a social media ban on kids and phones in high schools, Macron says France is "leading the way in Europe when it comes to protecting our children."
U.S. tech execs warn of Chinese AI models: WSJ
U.S. tech giants are concerned about cheap Chinese AI models, according to a new report from The Wall Street Journal. Amrith Ramkumar, a tech policy reporter at The Wall Street Journal who contributed to the story, joins to discuss.
Science
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Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
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Crime
Details from Nolan Wells' independent autopsy
An independent autopsy for Nolan Wells, the Mississippi teen who was found dead after a July Fourth boat party, has been released. Skyler Henry reports.
Hearing begins for singer D4vd
A multi-day hearing began Tuesday in Los Angeles where the singer known as D4vd is facing murder and other felony charges in the death of a teenage girl. CBS News' Gwen Baumgardner and Jessica Levinson have the latest.
Timeline of NYC federal building explosion
A veteran was arrested for allegedly setting off fireworks and starting a fire in front of a Manhattan building that houses several federal offices, including ICE, the FBI says. CBS News' Anna Schecter shares more details.
Cocaine worth $285 million found hidden in banana shipment
Some 1,700 pounds of cocaine was concealed in a refrigerated container from Ecuador among dozens of pallets of bananas, police said.
Tourists stabbed near Acropolis in Athens
Two Greek American tourists were stabbed near the Acropolis in Athens, Greece, police said. CBS News' Anna Coren has more.
Space
More Space
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Sneak peek at new toys for holiday season
While the holiday season is still months away, it's already prime time for the toy industry. Bradley Blackburn got a look at some of the new items that could be on kids' lists in December.
New tech could help millions of paralyzed people
New findings identified a technology that could restore movement and sensation for millions of paralyzed people living with spinal cord injuries. Bradley Blackburn has the story.
Trump, Iran trade energy infrastructure threats
President Trump on Wednesday said that for every Iranian drone or missile attack in the Strait of Hormuz, the U.S. will "bomb and destroy one bridge or power plant." Iran said if the U.S. hits civilian targets it will seek to halt all oil flow from the region. CBS News' Charlie D'Agata and Samantha Vinograd have the latest.
OpenAI says new model hacked on its own
OpenAI says its new artificial intelligence model hacked another company on its own in what the company called "an unprecedented cyber incident." Mashable tech editor Tim Werth joins CBS News to discuss.
Melinda French Gates on tracking blood work
Melinda French Gates told Norah O'Donnell on "Healthful" that she's been tracking all her blood work in a spreadsheet "for a very long time." "It's easier than when I sit down with my doctor and she's pacing through the computer to look at it. I'm like, here's the spreadsheet," French Gates said.