1 in 24 NYC residents is a millionaire, more than any other city
If it feels like everyone in New York City is richer than you, it's because they probably are.
Finance
What is a backdoor Roth IRA?
Saving for retirement is a big concern for many Americans, even those who are considered high-earners. But sometimes, if your income is considered too high, you might miss out on some great savings options. That's where something called a backdoor Roth IRA comes in. CBS News business analyst Jill Schlesinger has more.
Hiring rate slows down for white-collar jobs
According to the Labor Department, job growth slowed across the U.S. in April but remained healthy. While the number of jobless claims remains historically low, a Business Insider report is warning of a possible white-collar recession. Aki Ito, chief correspondent at Business Insider, joins CBS News to explain.
Some 401(k) plans may cut you a monthly check
Some companies are offering fixed monthly checks from a portion of workers' 401(k) retirement plans, according to a new report by the Wall Street Journal. CBS News contributor Javier E. David breaks down the process gaining momentum.
Fed keep rates steady: Breaking down decision
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.
Fed chair says interest rate hike unlikely
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.
Paid caregivers talk financial hardships
Caregivers who are paid privately or through state funds say they're working around the clock, but are barely earning enough to get by. Lisa Ling has more.
FTC bans noncompete agreements
The Federal Trade Commission officially banned new noncompete agreements Tuesday, giving workers who are considering quitting more options. The U.S. Chamber of Commerce plans to sue in response.
Where $1M in retirement savings will last the longest around the U.S.
How far retirees are able to stretch their savings depends largely on where they choose to settle down, one analysis shows.
New student loan cancelations announced
The Biden administration on Friday said it's canceling $7.4 billion in student debt for 277,000 borrowers. CBS News senior White House and political correspondent Ed O'Keefe has the latest on potential challenges to the president's plan.
Vietnam property tycoon sentenced to death in $27 billion fraud case
A Vietnam court sentenced developer Truong My Lan to death for swindling billions from a bank, saying she "eroded people's trust" in the ruling Communist Party.
What does high March inflation mean for Fed?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Americans turn to 211 amid economic hardships
The Wall Street Journal reports Americans are turning to social services helpline 211 in economic emergencies. Rachel Wolfe, consumer trends reporter for The Wall Street Journal, joins CBS News to discuss.
Inflation hotter than expected in March
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
State of U.S.-China relations amid Yellen trip
Treasury Secretary Janet Yellen held economic talks with Chinese officials in Beijing over the weekend, calling them "productive, direct and extensive." Scott Kennedy, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess what Yellen's trip to Beijing will mean for the relationship between the world's largest economies.
What's next for Disney after board fight?
Disney stockholders gave the company's current leadership a win on Wednesday, reelecting all 12 board members and rejecting two hedge funds that fought for seats. Brooks Barnes, senior staff writer for The New York Times, joins CBS News to discuss what the results mean for the company's future.
Tesla stock falls 5% as quarterly sales drop
Tesla has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
California gets new fast food minimum wage
Fast food workers in California will now earn a minimum of $20 an hour. CBS News correspondent Carter Evans has more details. Then, economy and labor journalist Margot Roosevelt joins to discuss what the wage changes mean for the industry and Californians.
Early 401(k) withdrawals hit record high
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
Maximizing your tax refund
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Sam Bankman-Fried apologizes at sentencing
A judge sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison Thursday. A jury convicted the 32-year-old of fraud and conspiracy in November. CBS News national correspondent Errol Barnett reports.
Here's how much you have to make to afford a starter home in the U.S.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Where Biden and Trump stand on labor issues
President Biden and former President Donald Trump are vying for an endorsement from the Teamsters union. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins CBS News to discuss how each candidate's labor policies may affect American workers.
Reddit stock surges in first day of trading
Reddit made its stock market debut Thursday, raking in about $519 million by the closing bell. Hope King, senior business reporter at Axios, joins CBS News to discuss what investors might find attractive about the social media company.
Live
Iranian drones target Bahrain after U.S. strikes Iran
The U.S. carried out retaliatory strikes against Iran on Friday after Iranian forces hit a cargo vessel in the Strait of Hormuz a day earlier.
Letlow, Fleming face off for Cassidy's seat in Louisiana GOP Senate runoff
Louisianans are voting Saturday in the state's Republican Senate runoff, as two candidates vie to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Minnesota fraud suspect arrested in Somalia after 4 years on the run, officials say
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
Search for earthquake survivors in Venezuela stretches into 3rd day
Venezuelans have taken the search for missing loved ones into their own hands, citing a scarcity of government rescuers.
Buttigieg targeted by fake report to child protective services
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
Appeals court upholds Harvey Weinstein's California rape conviction
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
Texas board approves adding Bible stories to required reading for public school students
The reading list will take effect starting in 2030.
Judge in Charlie Kirk murder case finds prosecutor in contempt
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
U.S.
More U.S.
Letlow, Fleming face off for Cassidy's seat in Louisiana GOP Senate runoff
Louisianans are voting Saturday in the state's Republican Senate runoff, as two candidates vie to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Utah declares emergency, limits fireworks as crews battle largest U.S. wildfire
Utah is restricting fireworks as the largest wildfire in the nation grows, fueled by dry conditions and gusting winds.
Nurse who went above and beyond gets special send-off: "You're an angel"
Wynola Wayne received a special retirement send-off after 58 years as a nurse. One former patient, Marco Houpe, said, "If it wasn't for her then, I wouldn't be here today."
Video shows Boeing 777 making very low pass over Texas airfield
Data from FlightRadar24 showed the plane was no more than 25 feet above the ground during the low pass as it approached the Horseshoe Bay Resort Jet Center airport.
Appeals court upholds Harvey Weinstein's California rape conviction
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
MoneyWatch
More MoneyWatch
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Trump vows immediate 100% tariff if countries levy digital services tax
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Nude portrait by Amedeo Modigliani sets record at auction
The Modigliani painting "Nu assis au collier" (Seated Nude Wearing a Necklace) sold for $63.9 million, the highest price achieved for a work by the artist sold at auction in Europe, Sotheby's said.
Apple and Microsoft are raising their prices as chip costs soar
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Big Tech is spending trillions on AI. Investors want proof it'll pay off.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
Politics
More Politics
Letlow, Fleming face off for Cassidy's seat in Louisiana GOP Senate runoff
Louisianans are voting Saturday in the state's Republican Senate runoff, as two candidates vie to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Buttigieg targeted by fake report to child protective services
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
U.S. strikes targets in Iran after drone attack on cargo ship
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Trump vows immediate 100% tariff if countries levy digital services tax
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Epstein's assistant grilled by lawmakers over Amex travel booked for women or girls
U.S. lawmakers recently grilled Jeffrey Epstein's longtime assistant Lesley Groff about Epstein's use of American Express to book travel for multiple women or girls.
HealthWatch
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Mom gets answers after fighting for diagnosis: "Something's wrong"
Michelle Williams struggled with high blood pressure and swelling for years before she was finally diagnosed with an unusual condition.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare's AI push snarls patients and doctors in errors and delays
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
World
More World
Search for earthquake survivors in Venezuela stretches into 3rd day
Venezuelans have taken the search for missing loved ones into their own hands, citing a scarcity of government rescuers.
U.S. strikes targets in Iran after drone attack on cargo ship
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Convicted rapist who faked death and fled U.S. has died
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
4 people convicted over insecticide deaths of tourist family at hotel
Investigators initially suspected food poisoning, but that was quickly dismissed after Turkish media reported that their hotel was dealing with a bedbug infestation.
Ukraine launches huge drone attack on Russia and occupied Crimea
President Volodymyr Zelenskyy says Ukraine will ramp up attacks on Russia in an operation "aimed at compelling it to end the war."
Entertainment
More Entertainment
Appeals court upholds Harvey Weinstein's California rape conviction
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
Essential American songs of last 250 years
For the United States' 250th birthday, Sunday Morning asked dozens of notable Americans, from Jason Alexander and Ken Burns to Misty Copeland, what they considered to be our country's essential songs. This is the Essential American Songbook: 90 contributors and 250 songs. Here's a sample.
Comedian Druski to make history at BET Awards
Comedian and entertainer Druski will host the BET Awards on Sunday. At 31, he's the youngest host in the show's history. He gave "CBS Mornings" co-host Nate Burleson a preview of what to expect.
William Holden, Joseph Cotten mark bicentennial
In the lead-up to America's bicentennial in 1976, CBS aired brief segments featuring well-known figures of the time describing moments from early U.S. history. CBS News chief Washington correspondent Major Garrett introduces clips featuring legendary actors William Holden and Joseph Cotten.
New NYT reporting on Taylor Swift's wedding
The New York Times is reporting that Taylor Swift and Travis Kelce might tie the knot at Madison Square Garden. She has reportedly booked out the arena for the Fourth of July weekend, the rumored wedding date.
Technology
More Technology
Technology
California creates AI job trend tracker
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
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.
Apple, Microsoft announce price hikes
Apple and Microsoft announced they're hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Science
More Science
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
6/21: Sunday Morning
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Crime
More Crime
Crime
Billionaire Leon Black testifies on Epstein
Billionaire Leon Black testified before the House Oversight Committee on Friday. After Black ended the interview, the committee issued two subpoenas. Democratic Rep. Suhas Subramanyam of Virginia, a member of the House Oversight Committee, joins "The Takeout" to discuss this and the U.S. strike on Iran.
Minnesota fraud suspect arrested in Somalia after 4 years on the run, officials say
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
Mistrial ruled in Palisades Fire arson case
A judge declared a mistrial in the case against a man accused of starting a fire that grew into the deadly 2025 Palisades Fire. The jury was deadlocked during deliberations. CBS News Los Angeles has more.
Convicted rapist who faked death and fled U.S. has died
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
Judge in Charlie Kirk murder case finds prosecutor in contempt
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
Space
More Space
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
Latest Galleries
More Latest Galleries
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.
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.
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.
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
Lebanon divided over Israel-Hezbollah clashes
"CBS Saturday Morning" goes inside Lebanon to learn about the deep divisions surrounding the clashes between Israel and Hezbollah.
Venezuelans search for earthquake survivors
Venezuelans are desperately searching for survivors after two deadly back-to-back earthquakes rocked the South American country three days ago.
Eye Opener: U.S. strikes Iran
The U.S. launched retaliatory strikes on Iran Friday. Meanwhile, Europeans are battling a deadly heat wave. All that and all that matters in today's Eye Opener.
The Uplift: The American Dream
We celebrate the United States ahead of its 250th anniversary with stories about American heroes and pastimes. The founder of e.l.f. Cosmetics shares how he made a massive life change to become a Catholic priest.
Patients give beloved nurse special send-off
Steve Hartman goes "On the Road" with the story of a beloved nurse who got no ordinary retirement send-off after 58 years on the job.