Berkshire Hathaway slashes Apple stake by almost 50%
Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely.
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Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely.
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
Vice President Kamala Harris is raking in a mountain of cash for her White House bid. Her campaign says it raised $200 million in its first week. Theodore Schleifer, politics reporter for The New York Times, joins "America Decides" to dive into the historic fundraising haul.
The U.S. national debt has surpassed $35 trillion for the first time. The financial hole is mounting quicker than most economists had predicted. David Wessel, senior fellow in economic studies at Brookings and director of the Hutchins Center on Fiscal and Monetary Policy, joins CBS News to assess the problem.
Just 41% of Americans are comfortable with the amount of savings they currently have, but others have an issue finally using the money that they've socked away. One expert says over-saving can lead to other stresses.
A new Harvard study is checking in on how the U.S. is doing on economic mobility across race and class and examining which factors best predict success. The researchers discovered that earnings increased for white children in affluent families, but fell for those in poorer families. Benjamin Goldman, one of the study's authors, joins CBS News to unpack the findings.
Former President Donald Trump revealed more about his policy vision in an interview with Bloomberg Businessweek conducted in June and released this week. Trump said he wants to lower the corporate tax rate to 15% if he returns to the White House. CBS News chief election and campaign correspondent Robert Costa has more.
According to most voters, the state of the U.S. economy is a widespread problem. Neil Malhotra, professor of political economy at the Stanford University Graduate School of Business, joins CBS News to discuss what's fueling so many Americans' anger, and what policies may fix it.
A growing number of Gen Z Americans are living at home even after they graduate from college. According to a Business Insider report, parents are financially supporting their adult children well into their 20s in this tough economy. Eve Upton-Clark, freelance features writer for Business Insider, joins CBS News with more.
Project 2025, the plan from the conservative think tank Heritage Foundation, aims to overhaul several portions of the federal government. Some of the proposed changes include a restructuring of the tax code. Howard Gleckman, senior fellow at the Urban Institute, joins CBS News to examine the plan's potential impacts and practicality.
Labor Department data released Thursday showed the annual inflation rate cooled from 3.3% in May to 3% in June. That's lower than the 3.1% rate some economists had projected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to unpack the report.
American car dealers could lose nearly $1 billion due to an ongoing cyberattack on software provider CDK Global. Charles Carmakal, chief technology officer of Mandiant Consulting, the security consulting organization of Google Cloud, joins CBS News to discuss how the hack is crippling operations, and what can be done to prevent similar incidents from happening again.
France's far-right party, National Rally, took a strong lead in the first round of the country's legislative elections, according to polling projections. CBS News' Eliane Cobbe is in Paris and breaks down the reaction.
As many as 4 in 10 companies say they have posted a job listing this year that doesn't exist, while 3 in 10 say they're currently advertising for a role that isn't real, according to a May survey of over 600 hiring managers from the career site Resume Builder. Tim Paradis, future-of-work correspondent for Business Insider, joins CBS News to explain why some companies are doing this, and how you can spot the fake postings.
Kenya's president says he will not sign a controversial finance bill into law. The reversal comes a day after dozens of people were killed and injured in clashes with police while protesting the measure, which included hefty tax hikes. BBC Africa correspondent Barbara Plett Usher has the latest.
The Biden campaign is working to bolster support for the president just days before he arrives in Atlanta for the first presidential debate. Georgia Sen. Jon Ossoff and Atlanta Mayor Andre Dickens held an event Tuesday with small business owners to highlight the president's economic record. CBS News campaign reporter Aaron Navarro has more.
Pennsylvania was key to President Biden's 2020 win, and it's just as critical this time. Rep. Brendan Boyle, one of the Keystone State's Democratic congressmen the president sees and speaks with most often, joins "America Decides" to discuss what Mr. Biden needs to do to win the battleground state in 2024.
A cyberattack on a company that provides software for thousands of car dealers in North America says it's a "ransom event." The hack on CDK Global happened last week and is still disrupting about 15,000 car sellers who depend on the company's software to run their businesses. CBS News MoneyWatch reporter Megan Cerullo has more.
Expedia's 2024 annual vacation deprivation report finds Americans are skipping vacations, with U.S. workers given the least amount of time off on average compared to the 10 other countries surveyed. Melanie Fish, head of global public relations for Expedia, joins CBS News to discuss the steps we can take to fix it.
The Supreme Court upheld a Trump-era tax on foreign earnings Thursday. In a 7-2 ruling, justices said the policy, which imposes a one-time tax on Americans with shares of foreign companies, is constitutional. CBS News legal contributor Jessica Levinson unpacks the decision.
Earlier in June in Las Vegas, former President Donald Trump said he'd work to eliminate taxes on tips in a second term. CBS News senior White House and political correspondent Ed O'Keefe listened to what voters had to say about the proposal.
For students whose dreams of college hang on whether or not they can scrape together the money, federal aid is a key part of that dream. This year, many were met with frustration as improvements to the application caused a slew of technical glitches and processing delays. Liam Knox, admissions and enrollment reporter for Inside Higher Ed, joins CBS News to examine what went wrong.
The Federal Reserve left interest rates unchanged Wednesday after the government announced consumer prices in May rose 3.3% year over year. The central bank has been hesitant to cut rates due to inflation. Ben Casselman, economy reporter for The New York Times, joins CBS News to unpack the data.
Price increases in the U.S. were up 3.3% from last year in May's Consumer Price Index, a smaller increase than was predicted by economists, while month-over-month prices stayed the same. CBS News business analyst Jill Schlesinger has more.
President Trump's comments came shortly after he said that the U.S. military had conducted "one of the most power bombing raids" on a vital Iranian oil hub.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
The attorney for former U.S. Sen. Kyrsten Sinema says she shouldn't be subject to a lawsuit by the ex-wife of her former lover.
TSA officers faced their first full missed paycheck Friday.
U.S. Navy Seaman 1st Class Clyde C. McMeans, 26, was one of the 103 USS California crewmen killed during attacks on Pearl Harbor in 1941.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
The wild boar sparked a police response that drew in officers and veterinarians equipped with a tranquilizer gun, shields and even a blowgun.
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Deep Swimming."
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Sway."
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "True Black."
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
President Trump's announcement about strikes on Kharg Island has sparked more questions about the potential of U.S. military boots on the ground.
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Since Raoul's landed on Prince Street in New York's SoHo neighborhood 50 years ago, it's become one of the city's most prized bistros. "CBS Saturday Morning" goes behind the scenes to learn more about the story behind the legendary family business.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
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