Joann files for bankruptcy amid consumer pullback and higher costs
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
Consumer News
Crises at major canals threaten global trade
Nearly 20% of global trade goes through two canals and both are in crisis. Attacks from the Houthis have slowed Suez Canal traffic, and in Panama, climate is the culprit. Costas Paris, senior reporter at The Wall Street Journal, joins CBS News to explain what the slowdowns mean for the world.
JetBlue and Spirit merger halted
A planned merger between JetBlue and Spirit Airlines has been halted by a federal judge's ruling, safeguarding travelers' access to Spirit's low-cost fares. The $3.8 billion deal faced scrutiny for potentially harming consumer interests.
Biden administration caps credit card late fees at $8
The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal and unfair pricing practices in essential sectors like groceries, prescription drugs, health care and housing. CBS News business analyst Jill Schlesinger offers an in-depth analysis of what these changes mean for consumers.
New report highlights top consumer scams
In observance of National Consumer Protection Week, the Better Business Bureau releases its annual scam report, revealing over 67,000 scam incidents reported by Americans in 2023. With investment and cryptocurrency scams leading the charge, Anna Werner looks into what makes these scams the riskiest and how consumers can protect themselves.
Here's how to negotiate a lower fee from your real estate agent
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Stock market soars to record highs
The tech-centric Nasdaq is closing at a new high, driven by enthusiasm for artificial intelligence. This milestone marks its first record peak since 2021.
How to save on airfare this spring and summer
As planning begins for spring break and summer travel, some airlines are announcing route changes and special discounts. CBS News travel adviser Peter Greenberg joins with tips on how to spend less on airfare.
Report: Many hospitals defy price rules
By law, hospitals are required to put their prices online. But many aren't fully complying, and it's costing people money. CBS News consumer investigative correspondent Anna Werner has more on these "hidden costs."
Wendy's plans to test surge pricing in 2025
Wendy's is planning to roll out a "dynamic pricing" model for its menu in 2025, meaning prices will change throughout the day based on a few different factors. CBS News senior business and technology correspondent Jo Ling Kent explains.
FTC sues to block Kroger-Albertsons merger, citing risk of higher prices
The FTC argues the proposed $24.6 billion merger between grocery giants Kroger and Albertsons could eliminate competition.
AT&T is giving a $5 credit after service outage. Here's what to know.
AT&T apologized for Thursday's widespread phone network outage and said "potentially impacted customers" will receive a credit.
AT&T restores service after nationwide outage
AT&T says cellular service has been restored to all customers following a nationwide outage Thursday morning. CBS News senior business and tech correspondent Jo Ling Kent has more on the ongoing investigation into what caused the issue.
How to avoid scammers on dating apps
The Federal Trade Commission is warning of online scammers, including so-called "romance scams." Some 70,000 reported "romance scams" in 2022 resulted in losses worth $1.3 billion, according to the FTC. CNET senior writer Bree Fowler joins CBS News to discuss how you can stay safe.
Swifties fight for ticket reform law
Critics say the government is failing to enforce a law that could protect ticket buyers. National consumer correspondent Ash-har Quraishi follows Taylor Swift fans as they fight to change the ticketing industry.
General Mills urged to reduce plastic chemicals in food products
Consumer Reports said tests revealed "concerning" levels of phthalates in several of the food maker's products.
Your Delta SkyMiles American Express card is getting pricier
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
The job market is strong. So why did layoffs double in January?
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
Here are the most and least expensive U.S. neighborhoods per square foot
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
ADHD medication recalled because bottles may contain a different drug
Azurity Pharmaceuticals is recalling Zanzedi after a pharmacist found a pill with sedative effects in a package of the stimulant drug.
S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Breaking down stock market's 1st week of 2024
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
Xfinity hack affects nearly 36 million customers. Here's what to know.
A major data breach at Comcast-owned Xfinity exposed people's account names, passwords and other personal data.
Shipping companies announce crucial deadlines for holiday shipping
With Christmas falling on a Monday this year, Sunday deliveries will be limited, making it even more important to meet the deadlines.
SmileDirectClub ceases operations immediately — here's what it means for their customers
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
Live
3 killed in shooting at Islamic Center of San Diego, police say; 2 suspects dead
Three people were killed in a shooting at the Islamic Center of San Diego, and two suspected shooters were found dead inside a vehicle nearby, police said.
Live
Trump calls off attack on Iran amid "serious negotiations" toward peace deal
President Trump had warned Sunday that "the Clock is Ticking" for Iran to accept a peace agreement.
The story of the 1996 shootdown that could lead to Raúl Castro's indictment
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
Massie defiant as Trump seeks to oust him in primary: "I'm going to win"
Massie said the president is worried about his preferred candidate Ed Gallrein's chances in the Kentucky race.
Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization"
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
American doctor working in Congo tests positive for Ebola
An American medical missionary in the Democratic Republic of the Congo has a confirmed case of Ebola, and is being taken to Germany for treatment.
Iran more than doubled executions in 2025, global death penalty hit 44-year high
Iran executed more than twice as many people last year as it did in 2024, according to a new report by Amnesty International.
Supreme Court tells lower courts to take new look at 2 voting rights cases
At issue in the cases was who can bring lawsuits in federal court to address potential violations of Section 2 of the Voting Rights Act.
Breaking
LIRR strike to end as MTA, unions reach tentative agreement
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
U.S.
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Breaking
LIRR strike to end as MTA, unions reach tentative agreement, Hochul says
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
Florida mother turns to digital couponing as grocery bill soars
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
New York Times sues Pentagon a second time over press access policy
The New York Times sued the Defense Department Monday for the second time in recent months over media access.
Massie defiant as Trump seeks to oust him in primary: "I'm going to win"
Massie said the president is worried about his preferred candidate Ed Gallrein's chances in the Kentucky race.
Who could benefit from Trump's $1.7+ billion "anti-weaponization" fund?
Acting Attorney General Todd Blanche announced the creation of the fund as part of the settlement of President Trump's lawsuit against the IRS over the leaking of his tax returns.
MoneyWatch
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Florida mother turns to digital couponing as grocery bill soars
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
Pay for American workers is lagging inflation — again
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
Jury unanimously dismisses Elon Musk's lawsuit against OpenAI
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
NextEra Energy to acquire Dominion in a $67 billion utility deal
The combined company will serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina.
Is the answer to the housing crunch right in your own backyard?
Accessory Dwelling Units, or ADUs, are small, fully-functional secondary homes located on the same property as a main home, usually in the backyard, filling a vital need where housing has proved scant or expensive.
Politics
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New York Times sues Pentagon a second time over press access policy
The New York Times sued the Defense Department Monday for the second time in recent months over media access.
Massie defiant as Trump seeks to oust him in primary: "I'm going to win"
Massie said the president is worried about his preferred candidate Ed Gallrein's chances in the Kentucky race.
Who could benefit from Trump's $1.7+ billion "anti-weaponization" fund?
Acting Attorney General Todd Blanche announced the creation of the fund as part of the settlement of President Trump's lawsuit against the IRS over the leaking of his tax returns.
The story of the 1996 shootdown that could lead to Raúl Castro's indictment
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
Trump says he's called off plans for a "scheduled attack of Iran"
President Trump said he received a request from the leaders of Qatar, Saudi Arabia and the United Arab Emirates.
HealthWatch
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HealthWatch
Latest on American who contracted Ebola
A missionary doctor who was serving in Congo will receive treatment in Germany after testing positive for Ebola. Skyler Henry has the latest.
American doctor working in Congo tests positive for Ebola
An American medical missionary in the Democratic Republic of the Congo has a confirmed case of Ebola, and is being taken to Germany for treatment.
Ebola strain in latest outbreak has no vaccine, no treatment
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Inside the "troubled teen" industry, when help sometimes does more harm
A CBS News investigation into youth residential treatment programs finds allegations of abuse, a lack of federal oversight, and families left to navigate a multibillion-dollar industry largely on their own.
World
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Iran more than doubled executions in 2025, global death penalty hit 44-year high
Iran executed more than twice as many people last year as it did in 2024, according to a new report by Amnesty International.
The story of the 1996 shootdown that could lead to Raúl Castro's indictment
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
Trump says he's called off plans for a "scheduled attack of Iran"
President Trump said he received a request from the leaders of Qatar, Saudi Arabia and the United Arab Emirates.
Gunman kills 6, wounds 8 in latest shooting rampage in Turkey
A man armed with a rifle carried out a string of attacks, killing at least six people and wounding eight others, Turkish President Recep Tayyip Erdogan said.
American doctor working in Congo tests positive for Ebola
An American medical missionary in the Democratic Republic of the Congo has a confirmed case of Ebola, and is being taken to Germany for treatment.
Entertainment
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Entertainment
2-time "Survivor" contestant on 50th season
Rob Cesternino, a 2-time "Survivor" castaway, talks about the upcoming "Survivor 50" finale, who he think will make the final three and who is his favorite to win the game.
Hayden Panettiere opens up in new memoir
Golden Globe-nominated actor Hayden Panettiere shares her story and opens up about life in the spotlight as a young actor, postpartum depression and her healing journey.
5/17: Sunday Morning "By Design"
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
"Call Her Daddy" podcast host Alex Cooper announces pregnancy
"Call Her Daddy" host Alex Cooper said on Instagram that she and husband Matt Kaplan are expecting their first child.
Director Jon Favreau on "The Mandalorian and Grogu"
Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought the father-son relationship of Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen.
Technology
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Technology
Musk loses lawsuit against OpenAI
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and its top executives. CBS News legal contributor Jessica Levinson breaks down the case.
Musk says he'll appeal OpenAI lawsuit dismissal
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent 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.
Jury unanimously dismisses Elon Musk's lawsuit against OpenAI
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
Jury to start deliberations in OpenAI trial
A nine-person jury will begin deliberations Monday in Elon Musk's $150 billion civil lawsuit against OpenAI CEO Sam Altman. Rachel Metz, artificial intelligence reporter for Bloomberg, joins with more.
Science
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El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
How a growing El Niño will affect 2026 hurricane season in Atlantic, Pacific
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
Crime
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Crime
Mangione state murder trial: evidence ruling
Luigi Mangione appeared in court on Monday for a pivotal hearing where a judge ruled what items can and cannot be used as evidence in his upcoming state murder trial over the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was inside the courtroom.
Ruling on evidence in Luigi Mangione case
A judge on Monday ruled a 9 millimeter gun, a silencer and a red notebook allegedly found in the search of Luigi Mangione's possessions can be used as evidence in his state trial for the murder of UnitedHealthcare CEO Brian Thompson in September. Lilia Luciano has more.
Latest on Islamic Center of San Diego shooting
Police say three adults were killed when two shooters opened fire Monday at the Islamic Center of San Diego. Jonathan Vigliotti has more.
Officials: No children hurt in mosque shooting
At least three adults were killed when a pair of gunmen opened fire at the Islamic Center of San Diego on Monday. The two teenage suspects were found dead inside a nearby car, officials say. CBS News' Anna Schecter has the latest.
Police probing mosque shooting as a hate crime
At least three victims, and two suspected shooters, are dead in Monday's shooting at the Islamic Center of San Diego, police say. CBS News' Samantha Vinograd and Anna Schecter have the latest.
Space
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SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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.
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?
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Poll: Americans frustrated with economy
New CBS News polling shows a large number of Americans are concerned about their finances and a growing number of people are expressing negative overall views of the U.S. economy. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Mangione state murder trial: evidence ruling
Luigi Mangione appeared in court on Monday for a pivotal hearing where a judge ruled what items can and cannot be used as evidence in his upcoming state murder trial over the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was inside the courtroom.
Poll: Americans grow frustrated with economy
CBS News polling finds Americans are growing more frustrated with the economy as the war with Iran keeps gas prices high. CBS News correspondent Natalie Brand reports.
Musk loses lawsuit against OpenAI
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and its top executives. CBS News legal contributor Jessica Levinson breaks down the case.
500 firefighters battling Simi Valley wildfire
A massive brush fire burning in Simi Valley, California, has prompted mandatory evacuations and burned at least 720 acres as of Monday evening. CBS News chief correspondent Matt Gutman reports.