More young adults in the U.S. are living at home with their families
Roughly 45% of Americans ages 18 to 29 are living at home with their families — the highest level in 70 years, new data shows.
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Roughly 45% of Americans ages 18 to 29 are living at home with their families — the highest level in 70 years, new data shows.
More Americans are turning to medical credit cards as they struggle to pay for medical bills, according to a new survey from the Consumer Financial Protection Bureau. CBS News MoneyWatch associate managing editor Aimee Picchi explains how the cards could impact your credit.
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
A wave of child care center closures is coming due to an end in stimulus money. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to discuss how this will affect both American families and the economy.
As Americans continue working from home, several U.S. cities are having trouble filling office space. But office vacancy isn't just a problem for individual businesses — it leads to negative economic consequences and creates an "urban doom loop." Washington Post economics reporter Rachel Siegel explains.
Americans are opening more new businesses in 2023 compared to 2022, according to the Census Bureau. Hope King, senior business reporter at Axios, joins CBS News to explore the reasons behind the boom.
Federal student loans will start accruing interest for the first time in three years on Friday. Student loan attorney Adam Minsky joins CBS News to help answer questions people may have about payments resuming.
Navigating the financial markets through data, analysis and technology.
China's yuan is at a 16-year low and the country appears to be experiencing deflation. Economists say these are signs China could be facing an extended economic downturn. CBS News' Lana Zak has more on what caused this crisis.
Hawaii has relied on tourism for decades, but since the devastating wildfires, unemployment claims have spiked. James Tokioka, director of Hawaii's Department of Business, Economic Development and Tourism, joins CBS News to discuss what people can do to help.
Bank stocks stumbled this week after S&P Global Ratings downgraded the credit ratings of five banks -- just two weeks after Moody's cut the credit ratings of 10 small and midsize banks. Carleton English, a reporter at Barron's, joins CBS News to discuss what's behind the recent downgrades and whether investors should be concerned.
Large retailers are facing a new wave of lawsuits over allegations that they're using marketing tactics that mislead consumers about pricing discounts. Patrick Coffee, a reporter at The Wall Street Journal, joins CBS News to discuss the latest "deceptive" pricing claims.
Wage expectations are at their highest level in 10 years, according to new data from the Federal Reserve Bank of New York. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the state of wages and the labor market.
Bank stocks fell Tuesday after Moody's Investors Service downgraded the credit ratings of 10 regional banks, citing growing financial risks and strains that could erode their profitability. The move prompted new concerns over the health of the banking sector. J.D. Durkin, host for financial site TheStreet, joins CBS News to discuss how it all impacts investors and the stock market.
One of three major credit firms has downgraded the U.S.' credit rating from AAA to AA+. "The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management," Fitch Ratings said in a statement explaining the decision. Javier David, Axios managing editor for business and markets, joined CBS News to discuss the significance of the downgrade and what it could mean for Americans' finances.
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
The nation's GDP grew at an annual rate of 2.4% from April to June 2023 -- a faster rate than many economists predicted. Lori Bettinger, president of Bancalliance, joined CBS News to discuss what the new figure means for the state of the economy.
The nation's labor market continues to defy expectations. Weekly unemployment claims fell to 228,000 last week, and the unemployment rate also slipped to 3.6%. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News to break down the status of the post-pandemic labor market.
With compensation from streaming platforms front and center in actor and writer strikes, all eyes were on Netflix Wednesday as the streamer reported its latest earnings. The company posted $8.2 billion in revenue and 5.9 million new subscribers. Nicole Sperling, media and entertainment reporter for The New York Times, joins CBS News to explain what those numbers mean for the strikes and for the streaming industry.
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
The Marmions' nonstop vacation began when they realized they didn't save enough to retire comfortably in the U.S.
A survey from the Transamerica Center for Retirement Studies determined that 66% of Generation Z, those born between 1997 and 2012, are growing their retirement savings. That's a smaller percentage than previous generations, but members of Gen Z are saving sooner than those older than them. Kyla Scanlon, founder of the financial education company Bread, joined CBS News to talk about the findings.
According to a new survey from NerdWallet, 54% of people who have so-called "money envy" say it negatively impacts their mental health. The survey also says more than half of Americans feel guilty about how they spend money in general. Kimberly Palmer, personal finance expert at NerdWallet, joined CBS News to talk about the survey.
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
Americans are racking up all-time high levels of credit card debt. Ted Rossman, senior industry analyst for CreditCards.com, has tips if you're struggling with high balances.
The USS Gerald R. Ford aircraft carrier is expected to leave the Middle East in the coming days, a U.S. official confirmed to CBS News.
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
As part of his four-day trip to the U.S. to commemorate America's 250th birthday, King Charles III is taking part in a series of events in New York City.
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
TSA is trying to encourage young travelers to enroll in its PreCheck program before summer travel kicks off.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
Ukraine has perfected demining techniques in the Black Sea over four years of war against Russia.
An army survey of the seabed uncovered the 16th-century merchant ship by chance in waters off the coast of France.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Smartwatches can measure everything from heart rate to step count, but which features are most accurate and are worth using? Vanessa Hand Orellana, CNET's lead wearable tech reporter, joins CBS News to discuss.
Elon Musk testified for a second day on Wednesday in a trial that's pitting two tech titans against each other. Paresh Dave, senior writer at Wired, joins CBS News to discuss.
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.
Elon Musk took the stand Tuesday in a trial against fellow billionaire Sam Altman that could change the future of AI. Musk accused the OpenAI co-founder of lying and stealing, adding that he has "extreme concerns" about AI and who controls it.
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Former FBI Director James Comey made his first court appearance in Virginia on Wednesday, charged with threatening President Trump. A grand jury indicted Comey yesterday over a social media post he made last year. CBS News Department of Justice reporter Jake Rosen has more.
Federal prosecutors have released new evidence in their case against the man accused of trying to assassinate President Trump at Saturday's White House Correspondents' Dinner. CBS News' Anna Schecter has the details.
A new Justice Department court filing details the suspect's actions in the minutes before the White House Correspondents' Dinner shooting. CBS News' Anna Schecter reports.
A company prosecutors likened to a sex cult is courting allies of President Trump for clemency. CBS News investigative reporter Gabe Kaminsky has the details.
San Francisco-based sexual wellness company OneTaste is lobbying for clemency through allies of President Trump for its former CEO and founder, Nicole Daedone, and former head of sales Rachel Cherwitz, who were both sentenced to more than five years in prison for forced labor conspiracy. CBS News' Shanelle Kaul has more.
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Former FBI Director James Comey made his first court appearance in Virginia on Wednesday, charged with threatening President Trump. A grand jury indicted Comey yesterday over a social media post he made last year. CBS News Department of Justice reporter Jake Rosen has more.
CBS hosted a debate Tuesday night for the top candidates vying to be California's next governor. CBS California investigative correspondent Julie Watts, who moderated the debate, joins "The Takeout" with a recap.
Top Pentagon leaders, including Defense Secretary Pete Hegseth, testified before the House Armed Services Committee on Wednesday, facing tough questions about the war with Iran. CBS News' Taurean Small and Aaron Navarro have more details.
Federal prosecutors have released new evidence in their case against the man accused of trying to assassinate President Trump at Saturday's White House Correspondents' Dinner. CBS News' Anna Schecter has the details.
The Supreme Court voided Louisiana's congressional map on Wednesday, weakening the Voting Rights Act. Democratic Rep. Katherine Clark of Massachusetts joins "The Takeout" with her reaction.