Senate weighs bill to strip failed bank executives of pay
Bipartisan proposal would fine executives up to $3 million and claw back two years' worth of their compensation.
First Republic Bank
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Is your money safe in the bank right now?
A string of financial industry failures may be alarming to some bank customers. Here's what you should know.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
Bank woes mount as investors bail from regional lenders
On Wall Street, a string of banking industry failures is casting a cloud over midsize lenders such as PacWest and Western Alliance
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
U.S. stocks fall as beleaguered banks tumble again
Worries about economy worsen as regional bank shares take a beating and Washington edges closer to default.
Where First Republic ranks among failed banks
Federal regulators seized First Republic Bank Monday and sold it to JPMorgan Chase. It was the second largest bank failure in U.S. history behind Washington Mutual in 2008. Keith Noreika, executive vice president at Patomak Global Partners, explains the significance of the failure.
FDIC recommends hiking insured deposit limit for businesses
The agency is rethinking its deposit insurance cap after three banks failed when panicked customers withdrew their funds.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
What the First Republic Bank takeover means
JPMorgan Chase is taking over First Republic Bank after it was seized by federal regulators. It marks the third American bank failure in the past two months. Rachel Ensign, a reporter for The Wall Street Journal, joins CBS News with more.
What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
2024 election draws candidates
CBS News political correspondent Caitlin Huey-Burns joined Vladimir Duthiers and Anne-Marie Green to discuss the failure of First Republic Bank, the 2024 elections, the stance of some Republican candidates on abortion rights and more political news
JPMorgan Chase takeover of First Republic
California regulators have seized control of struggling First Republic Bank. The FDIC accepted a bid from JPMorgan Chase to assume First Republic's deposits and virtually all of its assets. Javier David, CBS News contributor and managing editor for business and markets at Axios, joined Anne-Marie Green and Vladimir Duthiers to discuss this latest major bank failure.
Jill Schlesinger on First Republic Bank
CBS News business analyst Jill Schlesinger discusses the decline and fate of First Republic Bank and the Federal Reserve's report of what went wrong with Silicon Valley Bank.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Army identifies soldiers killed in crash
The U.S. Army has identified three soldiers killed when two helicopters collided during a training mission in Alaska.
Regulators look to shore up troubled bank
Federal regulators are hoping to announce who will take over the troubled First Republic Bank before markets open Monday. Meanwhile, the Fed is expected to raise interest rates yet again as inflation remains high. Skyler Henry reports.
Gary Cohn on First Republic's likely sale
Gary Cohn, the former top economic adviser in the Trump White House and who is now vice chairman of IBM, tells "Face the Nation" that he believes the impending sale of troubled bank First Republic "will be a much faster process" than what happened with Silicon Valley Bank. But he says this is a "seismic moment" for the American people and whether they trust their banks.
Feds poised to take control of First Republic Bank
The FDIC could soon seize control of First Republic Bank, which has seen its stock value plunge since the collapse of Silicon Valley Bank last month. Willie James Inman has the latest.
Fed takes some blame for Silicon Valley Bank collapse
In a report released Friday, the Federal Reserve acknowledged some of its own supervisors were slow to recognize that Silicon Valley Bank was in trouble.
First Republic teeters on collapse as FDIC circles troubled bank
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
First quarter GDP growth lower than expected
New data shows that the U.S. GDP grew by 1.1% from the final quarter of 2022 to the first quarter of 2023. CBS News Contributor and Managing Editor for Business and Markets at AXIOS Javier David explains what this growth means for the potential of a recession.
Market concern on bank earnings, debt ceiling
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.
Latest News
Suspect charged with kidnapping 9-year-old from New York campground
Investigators say fingerprints left on a ransom note helped lead them to the suspect and find the little girl safe inside a cabinet.
Hunter Biden pleads not guilty at arraignment on felony gun charges
A deal that included a diversion in connection with a firearms charge and a guilty plea to two misdemeanor tax charges collapsed in court over the summer.
House to take up Gaetz's motion to oust McCarthy as speaker
House Speaker Kevin McCarthy said Rep. Matt Gaetz's motion to remove him as speaker will be taken up by the House Tuesday afternoon.
Trump returns to court for Day 2 of civil fraud trial in New York
Former President Donald Trump is back in a Manhattan courtroom for the second day of his trial on civil charges.
A timeline of Charlotte Sena's disappearance and how she was found
Investigators are working to determine a motive behind the alleged abduction of Charlotte Sena, the missing girl who was found on Monday.
3 killed in shooting at mall in Bangkok; 14-year-old suspect held
Thailand's Prime Minister Srettha Thavisin said the suspect in the shooting at the Bangkok mall "was arrested. In fact, he surrendered."
Rep. Henry Cuellar carjacked at gunpoint in Washington
"Three guys came out of nowhere and they pointed guns at me," Rep. Henry Cuellar said.
Man nears settlement with bars that served driver accused of killing bride
The April 28 crash killed Samantha Miller and wounded three other people. Aric Hutchinson survived with a brain injury and multiple broken bones.
Emergency alert test will sound Oct. 4 on all U.S. cellphones
On Wednesday, Oct. 4, FEMA and the FCC will launch a nationwide test of the emergency alert system.
U.S.
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House to take up Gaetz's motion to oust McCarthy as speaker
House Speaker Kevin McCarthy said Rep. Matt Gaetz's motion to remove him as speaker will be taken up by the House Tuesday afternoon.
Remains of Ohio sailor killed in Pearl Harbor attack identified
Modern DNA analyses confirmed the identity of Stanley Galaszewski, a U.S. Navy sailor killed in the attack on Pearl Harbor in 1941.
Trump returns to court for Day 2 of civil fraud trial in New York
Former President Donald Trump is back in a Manhattan courtroom for the second day of his trial on civil charges.
A timeline of Charlotte Sena's disappearance and how she was found
Investigators in New York are working to determine a motive behind the alleged abduction of Charlotte Sena, the missing girl who was found on Monday.
2 U.S. soldiers dead, 12 injured after vehicle flips over in Alaska
The cause of the accident is "under investigation," and the injured soldiers were taken to area hospitals.
MoneyWatch
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Chipotle manager "yanked" off Muslim employee's hijab, lawsuit claims
Assistant manager demanded to see her hair between 10 and 15 times in one month, the EEOC claims in religious harassment suit against burrito chain.
Cigna to pay $172 million for overcharging Medicare Advantage plans
Prosecutors alleged that Cigna submitted inaccurate and bogus codes for Medicare Advantage plans between 2016 and 2021.
Sam Bankman-Fried set to face trial after crash of crypto exchange FTX
Former crypto billionaire Sam Bankman-Fried faces a prison term of more than 100 years if he's convicted of fraud and money-laundering charges.
Feds expand probe into Ford SUVs after complaints of engine failure
Roughly 709,000 Ford-manufactured vehicles featuring EcoBoost engine variants could suffer "catastrophic engine failure," the NHTSA said.
More big strikes loom, with health care and casino workers set to walk
Americans are more receptive to workers pushing for better pay and working conditions than in decades past, polls show.
Politics
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House to take up Gaetz's motion to oust McCarthy as speaker
House Speaker Kevin McCarthy said Rep. Matt Gaetz's motion to remove him as speaker will be taken up by the House Tuesday afternoon.
Trump returns to court for Day 2 of civil fraud trial in New York
Former President Donald Trump is back in a Manhattan courtroom for the second day of his trial on civil charges.
Hunter Biden pleads not guilty at arraignment on felony gun charges
A deal that included a diversion in connection with a firearms charge and a guilty plea to two misdemeanor tax charges collapsed in court over the summer.
Rep. Henry Cuellar carjacked at gunpoint in Washington
"Three guys came out of nowhere and they pointed guns at me," Rep. Henry Cuellar said.
New Jersey Sen. Bob Menendez trial date set
Sen. Menendez pleaded not guilty to bribery charges last Wednesday and was released on $100,000 bond.
HealthWatch
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HealthWatch
Possible health care strike looms
In another potential strike, negotiations are ongoing between Kaiser Permanente and a coalition of unions representing tens of thousands of health care workers. If a deal isn't met, the workers voted to go on strike starting Wednesday morning. CBS News' Anna Werner reports.
More big strikes loom, with health care and casino workers set to walk
Americans are more receptive to workers pushing for better pay and working conditions than in decades past, polls show.
FDA investigating baby's death linked to probiotic given by hospital
The Food and Drug Administration is warning doctors not to give probiotics to preterm infants.
Paris is crawling with bedbugs. They're even riding the trains.
Bedbugs are popping up in Paris hotels, homes, and even public transport, and with the Olympics just 10 months away, that has city officials' skin crawling.
In a first, CDC to recommend antibiotic pill after sex for some
The approach to fighting sexually transmitted infections has been nicknamed "Doxy-PEP."
World
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Pope suggests blessings for same-sex unions possible — with conditions
Pope Francis was responding to five conservative cardinals who challenged him to affirm church teaching on homosexuality.
Ukraine drone unit says $40M in Russian hardware destroyed in a month
A Ukrainian drone unit hitting Russian forces behind the front line gives CBS News an inside look at why the devices are vital, cost effective - and in short supply.
3 scientists win Nobel for capturing a "blurry" glimpse of electrons
A trio of scientists won the Nobel Prize in physics for managing to do something that had always eluded humankind: Spotting electrons zipping around in an atom.
3 killed in shooting at mall in Bangkok; 14-year-old suspect held
Thailand's Prime Minister Srettha Thavisin said the suspect in the shooting at the Bangkok mall "was arrested. In fact, he surrendered."
U.N. approves international force to combat gang violence in Haiti
The U.N. Security Council voted to send a force led by Kenya to Haiti as it continues to deal with rampant gang violence.
Entertainment
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Brothers Osborne say fourth album marks a "fresh start"
Brothers Osborne's fourth album, self-titled "Brothers Osborne," was released last month.
Keegan-Michael Key's journey into comedy
Emmy winner Keegan-Michael Key and his wife, award-winning director and producer Elle Key, join "CBS Mornings" to discuss their new book "The History of Sketch Comedy."
Brothers Osborne's new album embraces change
Brothers Osborne released their self-titled, fourth studio album last month, working for the first time with producer Mike Elizondo. John and T.J. Osborne tell CBS News' Anthony Mason how Elizondo helped them experiment musically, and how major life changes led them to a new sound.
Fleetwood Mac icon Stevie Nicks gets her own Barbie doll
Stevie Nicks now has her own Barbie, Mattel announced. The $55 doll is already sold out.
Las Vegas Sphere opens with U2 show
The Las Vegas Sphere opened this weekend with a concert from legendary Irish rock band U2. The $2.3 billion venue features dazzling visual displays inside and out. Anthony Mason takes a look at the state-of-the-art venue.
Technology
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Technology
Study: ChatGPT can make workers perform worse
A new study on OpenAi's ChatGPT may make you reconsider how you use artificial intelligence to carry out your daily work tasks. Madeline Berg, media editor at Insider, joins CBS News to discuss the study.
Sam Bankman-Fried's trial set to begin
Jury selection is set to begin Tuesday in the highly anticipated trial of Sam Bankman-Fried, who prosecutors allege defrauded investors in FTX, the cryptocurrency exchange he co-founded. Bankman-Fried has pleaded not guilty to the charges, which include wire and securities fraud as well as money laundering, and and, if convicted, could spend the rest of his life in prison. CBS News Senior Business and Tech Correspondent Jo Ling Kent reports on the once-revered wunderkind’s fall from grace.
Emergency alert test will sound Oct. 4 on all U.S. cellphones
On Wednesday, Oct. 4, FEMA and the FCC will launch a nationwide test of the emergency alert system.
Apple to fix iPhone 15 bug blamed for phones overheating
Apple plans to upgrade the iPhone 15's operating system to prevent it from overheating and becoming uncomfortable to hold.
Can AI be trusted in warfare?
Like other technological advances, the growing use of artificial intelligence in warfighting is a foregone conclusion. But how will AI - proven victorious in games like chess and poker - be developed and deployed on the battlefield, by both the U.S. and its adversaries?
Science
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3 scientists win Nobel for capturing a "blurry" glimpse of electrons
A trio of scientists won the Nobel Prize in physics for managing to do something that had always eluded humankind: Spotting electrons zipping around in an atom.
2 scientists share Nobel for enabling COVID-19 vaccines
American Drew Weissman, Hungarian Katalin Karikó win 2023 Nobel Prize in medicine for mRNA research behind "the unprecedented rate" of COVID-19 vaccine development.
Scientists say they've found Europe's oldest "prehistoric footwear"
Research say the oldest collection of footwear in Europe has been discovered in a cave in southern Spain, dating back more than 6,000 years.
Family looking for lost earring instead finds Viking-era burial treasures
The family was looking for a lost gold earring in their garden, but instead they found artifacts dating back more than 1,000 years, officials said.
Scientists take step toward "being able to resurrect extinct species"
"People didn't think it could really be done," Marc Friedländer, an associate professor in molecular biology at Stockholm University, told CBS News.
Crime
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A timeline of Charlotte Sena's disappearance and how she was found
Investigators in New York are working to determine a motive behind the alleged abduction of Charlotte Sena, the missing girl who was found on Monday.
Philadelphia journalist shot, killed inside Point Breeze home
Josh Kruger, a local journalist who rose from homelessness and addiction to serve five years in city government, was shot and killed inside his Point Breeze home early Monday morning.
Suspect charged with kidnapping 9-year-old Charlotte Sena from Upstate campground
Investigators say fingerprints left on a ransom note helped lead them to the suspect and find the little girl safe inside a cabinet.
Sam Bankman-Fried's trial set to begin
Jury selection is set to begin Tuesday in the highly anticipated trial of Sam Bankman-Fried, who prosecutors allege defrauded investors in FTX, the cryptocurrency exchange he co-founded. Bankman-Fried has pleaded not guilty to the charges, which include wire and securities fraud as well as money laundering, and and, if convicted, could spend the rest of his life in prison. CBS News Senior Business and Tech Correspondent Jo Ling Kent reports on the once-revered wunderkind’s fall from grace.
3 killed in shooting at mall in Bangkok; 14-year-old suspect held
Thailand's Prime Minister Srettha Thavisin said the suspect in the shooting at the Bangkok mall "was arrested. In fact, he surrendered."
Space
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NASA rover spots 6,000-foot-tall dust devil moving across Mars
The Perseverance rover was near Mars' Jezero Crater when it spotted the towering dust devil.
How to watch rare "ring of fire" solar eclipse this month
A rare "ring of fire" solar eclipse will move across the U.S. on Oct. 14. NASA shared a viewing map and timeline.
NASA's Psyche asteroid probe getting "lucky" fix before launch
NASA's new asteroid probe, Psyche, is on track for launching Oct. 12 after a weeklong delay for additional tests.
Investigating space tourism safety regulation
As new space tour companies change the way we can see our world, a moratorium on spaceflight regulation and participant safety has come to the forefront. In the latest CBS Reports documentary, Mark Strassmann takes a close look at the next great leap for humankind -- and whether regulators and industry stakeholders are striking the right balance between encouraging innovation and ensuring safety.
3 space station crew members back on Earth after U.S.-record year in space
Descent from the International Space Station closed out an unexpected 371-day stay, the longest flight in U.S. space history.
Latest Galleries
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Becky Bliefnick texted about fear of her estranged husband
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Young witness found herself at the scene of a crime
What Angelina Fernandes saw the night her mother was accused of murder.
Chandler Halderson case: An inside look
How prosecutors made the case that the Wisconsin man killed his parents Bart and Krista Halderson in July 2021.
Latest Videos
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Michael Lewis’ new book on Sam Bankman-Fried
Author Michael Lewis met with FTX founder Sam Bankman-Fried more than 100 times. Lewis breaks down the crypto superstar’s rise and fall in his new book, “Going Infinite.”
Missing New York 9-year-old found alive
A 9-year-old girl who went missing in New York over the weekend has been found alive after a massive search. A suspect is in custody, police said. Jericka Duncan reports.
Hunter Biden pleads not guilty to gun charges
The son of President Joe Biden pleaded not guilty Tuesday to three felony gun charges, after a deal that included a diversion in connection with a firearms charge and a guilty plea to two misdemeanor tax charges collapsed in court over the summer. Gayle King anchored CBS News' special report on the arraignment.
Giants, Jets in cellars as NFL Week 4 ends
The Seattle Seahawks cruised to victory over the New York Giants on "Monday Night Football" while the New York Jets lost Sunday to the Kansas City Chiefs. CBS News special correspondent James Brown has more on Week 4 of the National Football League.
Study: ChatGPT can make workers perform worse
A new study on OpenAi's ChatGPT may make you reconsider how you use artificial intelligence to carry out your daily work tasks. Madeline Berg, media editor at Insider, joins CBS News to discuss the study.