JPMorgan commits $30 billion to fighting racial inequity
Money will fund small-business loans, affordable housing, and homebuyer grants for Black and Latino communities.
JPMorgan Chase
JPMorgan to pay $920 million for manipulating bond, metals markets
Bank's traders used "spoofing" tactic to influence markets, according to government regulators.
Banks handled trillions of dollars in "suspicious" transactions
Documents were unearthed by congressional committees looking into the 2016 U.S. presidential election.
JPMorgan workers sent home after some test positive for virus
Largest U.S. bank detected infections less than a week after workers began returning to New York City headquarters.
JPMorgan fires employees over possible coronavirus aid fraud
Internal investigation found that bank workers deposited emergency business loans into their personal accounts.
JPMorgan probes customers, employees over possible PPP fraud
CEO Jamie Dimon said in an internal memo that the bank has found evidence of illegal behavior.
Americans surveyed don't expect the economy to grow significantly in the coming months, plus more MoneyWatch headlines
Americans surveyed don't expect the economy to grow significantly in the coming months. Plus, JP Morgan plans layoffs and Blackberry plans new phones. Jericka Duncan reports.
A French company is showing off a self-driving shuttle bus at the Consumer Electronics Show in Las Vegas,
A French company is showing off a self-driving shuttle bus at the Consumer Electronics Show in Las Vegas. It's the first driverless vehicle commercially available in the U.S. With a top speed of 12 miles an hour, the shuttle is intended for college campuses and airport parking lots. That story and more Moneywatch headlines from Wendy Gillette.
Shares of Sirius XM are up Monday on news that Liberty Media wants to take full ownership of the satellite radio service, plus more MoneyWatch headlines
Shares of Sirius XM are up Monday on news that Liberty Media wants to take full ownership of the satellite radio service. The deal would value the company at nearly $23 billion. Liberty Media already owns 53 percent of Sirius XM's stock., plus more MoneyWatch headlines.
Bad debts top $100 billion at nation's biggest banks
JPMorgan Chase expects $32 billion worth of bad loans, nearly triple what it had set aside a year ago, before Covid hit the world.
New tariffs on Chinese goods to go into effect at midnight
A new round of tariffs goes into effect at midnight. There will be a 15 percent tariff on $112 billion of Chinese goods. Consumers can expect to feel the impact on everything from milk to diapers to sports equipment. The nation's largest bank, J.P. Morgan Chase, says it could cost the average American $1,000 a year. John Blackstone reports.
Small business loan program launched
The federal government is launching a $349 billion dollar small business loan program Friday, but hours before the program was set to go into effect some of the country's biggest banks weren't ready. Yahoo Finance reporter Sibile Marcellus spoke to CBSN's Reena Ninan about who could be seeing money from the initiative.
A-Rod, J-Lo reportedly looking to buy stake in New York Mets
Retired MLB superstar and star singer/actress fiancée said to have retained JPMorgan Chase to help raise funds for the attempt.
Big banks "prioritized greed" in small business aid, lawsuits say
JPMorgan Chase small business client said he applied for loan first day it was available, but money was never approved.
Nation's 4 biggest banks project $71 billion in loan losses
Financial giants including Bank of America, Citigroup and JPMorgan Chase are bracing for massive losses.
JPMorgan Chase sets aside $6.8 billion for coronavirus losses
CEO Jamie Dimon said it was necessary to set aside the funds "given the likelihood of a fairly severe recession."
Businesses ready for Paycheck Protection Program, but banks aren't
Three of the nation's four largest lenders initially wouldn't take loan applications, leaving borrowers in the dark.
JPMorgan CEO Dimon has emergency heart surgery
Bank says chief executive is recovering after procedure to repair blood leak in his aorta.
JPMorgan and other big banks seek coronavirus relief
Critics say banks are seeking to exploit the outbreak to weaken rules designed to ensure their financial stability.
Ocasio-Cortez to JPMorgan CEO Jamie Dimon: I'll remember that
Banker's comments about the effects of socialism draws fire from democratic socialist lawmakers.
ICYMI: A look back at Sunday's 60 Minutes
From the head of the country's biggest bank to a journalist speaking truth to power, take a look back at some memorable moments from Sunday's broadcast of 60 Minutes
Chase CEO Jamie Dimon on Hong Kong protests
"A bad, un-peaceful outcome here would be bad for everybody, including the Chinese," Jamie Dimon tells 60 Minutes' Lesley Stahl about Hong Kong protests
Rethinking banking in Detroit
JPMorgan Chase is using data to invest more efficiently, helping entrepreneurs open businesses in parts of the city that most need their services
Jamie Dimon: The 60 Minutes Interview
The chairman and CEO of JPMorgan Chase tells Lesley Stahl he's optimistic about the economy and explains why he's not running for president
Jamie Dimon speaks to 60 Minutes Sunday
"The notion that I'm not a patriot... that's just dead wrong." JPMorgan Chase chairman and CEO Jamie Dimon responds to criticism from presidential candidate Elizabeth Warren. See the full interview, Sunday on 60 Minutes
Exclusive
Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"
In an exclusive interview, the treasury secretary also addressed the struggles facing the U.S. economy and the new tax-deferred Trump Accounts.
Live
Peace talks paused as Iran gears up for dayslong funeral for slain supreme leader
The flag-draped casket of Ayatollah Ali Khamenei was put on display in Tehran Friday with millions expected to attend his dayslong funeral.
Taylor Swift and Travis Kelce's wedding day arrives with MSG under tight security
Taylor Swift and Travis Kelce are expected to welcome around 1,000 guests at Madison Square Garden to celebrate their wedding, sources say.
Taxes on Trump's $1.4 billion crypto income could total hundreds of millions
The White House declined to say how much the president paid in taxes on his crypto windfall.
Olympian David Hearn charged with destruction of property at Reflecting Pool
David Hearn is accused of ripping out a piece of sealant on the bottom of the Reflecting Pool on June 19, U.S. Attorney Jeanine Pirro said.
McConnell still hospitalized after EMS responded to his home last month
A spokesperson said the Kentucky Republican "continues to improve."
Former CDC official: RFK Jr.'s response to measles "not based on science"
Dr. Debra Houry, who resigned in protest from the health agency, said the spread of misinformation impacted lives.
Maps show this July 4th could be hottest ever in parts of U.S.
Extremely dangerous heat, coupled with humidity, could result in heat index readings of 100 to 115 degrees from the Midwest to the East Coast, forecasters said.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
U.S.
More U.S.
Taylor Swift and Travis Kelce's wedding day arrives with MSG under tight security
Taylor Swift and Travis Kelce are expected to welcome around 1,000 guests at Madison Square Garden to celebrate their wedding, sources say.
What's open and closed on July 3 and July 4? See which stores are operating.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Exclusive
Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"
Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.
McConnell still hospitalized after EMS responded to his home last month
A spokesperson said the Kentucky Republican "continues to improve."
This week on "Sunday Morning" (July 5)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
MoneyWatch
More MoneyWatch
What's open and closed on July 3 and July 4? See which stores are operating.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Exclusive
Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"
Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.
Spotify removes streams of No. 1 song after suspicious Kalshi bets
Spotify said the streams tied to Malcolm Todd's "Earrings" were not from genuine listeners after suspicious betting activity emerged on Kalshi.
Taxes on Trump's $1.4 billion crypto income could total hundreds of millions
The White House declined to say how much President Trump paid in taxes on his crypto windfall.
StubHub accused of failing to deliver pricey World Cup tickets
Ticket reseller StubHub abruptly canceled customers' tickets to World Cup matches, costing them thousands of dollars, a lawsuit alleges.
Politics
More Politics
Trump says U.S. keeping current support levels for NATO would be "ridiculous"
President Trump says it would be "ridiculous" for the United States to continue its "one sided" relationship with NATO. His remarks came less than a week before a NATO summit in Turkey.
Former CDC official: RFK Jr.'s response to measles "not based on science"
Dr. Debra Houry, who resigned in protest from the health agency, said the spread of misinformation impacted lives.
McConnell still hospitalized after EMS responded to his home last month
A spokesperson said the Kentucky Republican "continues to improve."
Kennedy Center selling $25,000 ticket package to watch D.C. July 4th fireworks
The Washington, D.C., fireworks show, which is sponsored by the Trump-backed organization Freedom 250, is not slated to begin until 10:30 p.m. or 11 p.m.
Olympian David Hearn charged with destruction of property at Reflecting Pool
David Hearn is accused of ripping out a piece of sealant on the bottom of the Reflecting Pool on June 19, U.S. Attorney Jeanine Pirro said.
HealthWatch
More HealthWatch
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
Actor Danny Glover reveals Alzheimer's diagnosis
Actor Danny Glover spoke about his Alzheimer's diagnosis in an interview with NBC's "Today" show, revealing that he has been living with the disease for several years.
Medicare to help pay for some GLP-1 drugs
Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients.
New disease threats follow Trump administration's health program cuts
From screwworm to flesh-eating bacteria, mounting public health risks are emerging in the wake of deep cuts to federal health agencies and programs.
World
More World
40 killed when speeding, overcrowded bus tumbles into Pakistan ravine, officials say
A speeding bus plunged from a highway into a rocky ravine in Pakistan, killing 40 people and injuring eight others in one of the deadliest road accidents in recent years, officials said.
"Vanishingly rare" copy of Declaration of Independence found in U.K.
A volunteer at the National Archives in London found the document among other papers seized from an American ship in 1776.
Trump says U.S. keeping current support levels for NATO would be "ridiculous"
President Trump says it would be "ridiculous" for the United States to continue its "one sided" relationship with NATO. His remarks came less than a week before a NATO summit in Turkey.
Man who sold land for Kushner-backed Albania resort facing criminal probe
A man who sold land for a controversial, Jared Kushner-backed luxury development in Albania is suspected of money laundering and drug trafficking.
Security guard rescued from rubble 8 days after Venezuela earthquakes
Hernan Gil was brought out on a stretcher as elated rescuers cheered and hugged each other. He was loaded into a waiting ambulance and driven away.
Entertainment
More Entertainment
Taylor Swift and Travis Kelce's wedding day arrives with MSG under tight security
Taylor Swift and Travis Kelce are expected to welcome around 1,000 guests at Madison Square Garden to celebrate their wedding, sources say.
Swift-Kelce wedding festivities kick off
Wedding celebrations are getting underway at Madison Square Garden as pop superstar Taylor Swift and Super Bowl champion Travis Kelce prepare to celebrate their wedding. CBS News' Jo Ling Kent has more.
Sources: Swift-Kelce rehearsal dinner underway
Taylor Swift and Travis Kelce's rehearsal dinner is underway at Madison Square Garden, according to two law enforcement officials directly familiar with the security planning. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
Taylor Swift, Travis Kelce announce donations
Taylor Swift and Travis Kelce announced Thursday that they donated $26 million to 20 charities, hours before people began arriving at Madison Square Garden for a 100-person rehearsal dinner. Jo Ling Kent has more.
Taylor Swift and Travis Kelce donate $26 million ahead of wedding
Taylor Swift and Travis Kelce donated to 20 local and national charities ahead of their wedding Friday.
Technology
More Technology
Technology
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
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.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Consumers need protection from AI agents, lawmaker says
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
Science
More Science
Science
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Fossil found in drawer turns out to be first dinosaur bone from Antarctica
Dinosaur fossils are rare to find in Antarctica because of the unforgiving ice caps. But millions of years ago, the region was populated by lush forests.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
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.
Crime
More Crime
Crime
Olympian charged over alleged D.C. vandalism
U.S. Olympian David Hearn is facing a felony charge after being accused of vandalizing the Lincoln Memorial Reflecting Pool. CBS News senior Justice Department reporter Sarah Lynch has the details.
Man charged over Reflecting Pool vandalism
Former U.S. Olympian David Hearn was indicted on Thursday on a felony charge for allegedly tearing up roughly two feet of the Lincoln Memorial Reflecting Pool last month, amid the algae blooms and political mudslinging around the president's $16 million renovation. Nicole Sganga reports.
Daredevil couple facing charges
The two daredevils who climbed the spire of the Empire State Building in New York on Wednesday are facing a litany of criminal charges. According to prosecutors, the man told police he just wanted to "do something special" for his engagement. But now, Angela Nikolau says police have taken her ring as evidence. Tom Hanson reports.
Friend on the Empire State Building climbers
The couple that scaled the Empire State Building made a court appearance on Thursday, facing charges of reckless endangerment, criminal mischief, burglary and base jumping. Anna Martinez, one of their close friends, joins CBS News to discuss.
FBI investigating legitimacy of Nancy Guthrie ransom notes
The FBI said in a statement Wednesday that some ransom notes in Nancy Guthrie's disappearance have been "deemed to be extortion attempts without legitimacy," and other "demands may potentially be legitimate and are still being investigated as such."
Space
More Space
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
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.
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
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
Exclusive interview: Scott Bessent
Treasury Secretary Scott Bessent speaks with CBS News' Kelly O'Grady about stock donations for Trump accounts, the war in Iran, President Trump's $1.4 billion in crypto earnings and more.
Almost 1 year after Camp Mystic tragedy
Saturday marks one year since the catastrophic flooding that swept through Camp Mystic in Texas. Raging river water flooded the camp for young girls, killing 25 campers, two counselors and the camp's executive director. CBS News' Jason Allen reports.
Legal questions in trans athletes case
This week, the Supreme Court upheld state bans on transgender athletes in girls' and women's sports. CBS News legal contributor Jessica Levinson answers some constitutional questions about the case.
Job growth slowed in June, falling short of expectations
Hiring in the U.S. slowed in June, falling short of expectations, according to the Labor Department. CBS News producer Emily Pandise has more.