Man says zombie mortgage led to foreclosure
Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
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Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
Laverne Simmons of Inglewood, California, says she never got bills for a decade-old debt. Now this "zombie mortgage" could cost her the home she loves.
Nike on Friday saw its stock prices plummet 20% after the company warned its current quarter sales would see a steep decline. Hope King, a senior business reporter for Axios, joined CBS News to discuss what has led to the falloff for the shoemaker.
A cyberattack on a company that provides software for thousands of car dealers in North America says it's a "ransom event." The hack on CDK Global happened last week and is still disrupting about 15,000 car sellers who depend on the company's software to run their businesses. CBS News MoneyWatch reporter Megan Cerullo has more.
Portable battery chargers recalled after 120 reports of the product overheating, safety watchdog warns.
Roughly 90% of Black women have used relaxers at some point in their lives to chemically straighten their hair. New reporting in The New York Times Magazine highlights the severe and often unknown health risks these products can pose. Linda Villarosa, contributing writer for The New York Times Magazine and the report's author, joins CBS News to unpack her findings.
Boeing CEO David Calhoun tells a Senate hearing his company's culture is "far from perfect" amid new whistleblower allegations.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
At-home tests for various medical conditions are becoming increasingly popular. What's driving that trend? CBS News reporter Nidia Cavazos explains.
The COVID-19 pandemic dislodged the global supply chain, but the vulnerabilities in the system had already been building up for decades. A new book titled "How the World Ran Out of Everything" examines how the health crisis exposed the fragility of a system that was always at risk of collapse. Author Peter Goodman joins to discuss.
The struggling restaurant chain is moving to cut costs by shuttering restaurants in 21 states.
U.S. unemployment rate forecast to stay below 4% for a 28th straight month — that would be the longest stretch in more than 70 years.
Hilary Cain, with the auto industry trade group Alliance for Automotive Innovation, explains what technology car manufacturers are putting into new cars to help reduce the risk of children being left in hot vehicles.
Cracker Barrel has long been known for its combination of rustic charm and country dishes like biscuits and gravy. But its new CEO said that the old approach isn't working any longer — and she's planning some major changes. CBS News' Lindsey Reiser has more.
Cracker Barrel's CEO said the restaurant chain has "lost some of its shine." Here are key changes she's planning this year.
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
More fast-food chains and discount retailers are cutting prices as inflation-fatigued customers balk at high prices, hurting sales.
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica Levinson joins "The Daily Report" to unpack the case.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
The manufacturer has received multiple reports of fires and injuries since the ranges were originally recalled more than a decade ago.
Higher cocoa prices are hitting chocolate lovers' wallets. CBS News reporter Taurean Small explains what's driving the increase, and what chocolate brands are doing to adapt.
The National Retail Federation estimates $743 billion worth of merchandise was returned last year. Buyers and sellers can't wait to get their hands on the products at bin stores, where the rejected items of others get a second lease on life, for a fraction of the price.
If you buy more items than you need to get a discount, you might be guilty of "spaving" -- or spending more to save money. While retailers' clever marketing ploys convince you you're getting a deal, the practice often leads to overspending. CBS News MoneyWatch reporter Megan Cerullo explains the financial pitfall and how to avoid it.