Is my money safe? What you need to know about bank failures.
Some bank customers are fretting over whether their cash is secure after the failure of Silicon Valley Bank. .
Money
Your Bank Has Failed | 60 Minutes Archive
In 2009, Scott Pelley was granted access to the FDIC's takeover of Heritage Community Bank in a Chicago suburb.
Trading halted for some regional banks
On the heels of the collapse of Silicon Valley Bank, trading of more than one dozen regional banks was halted. CBS News contributor and managing editor for business and markets with Axios, Javier David joined Anne-Marie Green and Nikki Battiste to discuss the latest fallout.
Money can buy happiness — up to a point, study finds
It turns out that money can buy happiness for most people — although some may remain miserable no matter what.
Stocks fall over interest rate hike fears
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Exclusive discounts from CBS Deals
Lifestyle expert Gayle Bass joins “CBS Saturday Morning” to show us some items that can help recharge our batteries. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Jill Schlesinger on tips for saving money
In honor of America Saves Week, CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the best ways to dig yourself out of debt and replenishing your savings. New government data shows Americans' personal savings rate is at a low of 4.7%.
High-yield savings versus the stock market
Some younger investors, including millennials and Gen Z, are opting for the safety of high-yield savings accounts over the far more volatile stock market. Stefanie O’Connell Rodriguez, host of Real Simple’s "Money Confidential" podcast, breaks down the differences.
Net worth grows in Black communities
A new study shows that Black communities have seen more wealth and net worth growth than other racial groups since the beginning of COVID. Jay Bryson, chief economist at Wells Fargo, joins "CBS News Mornings" to discuss the study's findings.
Home Depot raises starting wage to $15 an hour
The home-improvement store said it is investing $1 billion in pay raises for its employees.
Firm fined $1.5M for illegally hiring children
Packers Sanitation Services paid $1.5 million in fines for violating child labor laws. The Labor Department said it had more than 100 children working at meat processing plants and using dangerous chemicals to clean saws.
Celia Cruz, the "Queen of Salsa," will be featured on U.S. quarter
Cruz was one of the most popular Latin artists of the last century.
Relief payments complicate tax season
Every year, the IRS asks Americans to file their taxes early. This year, however, the agency is telling millions of Americans who received special refunds from their state to hold off for now in order to determine if those refunds are taxable or not. Jacob Bogage, a business reporter for the Washington Post, joined CBS News to break down what this means.
Prosecutors focus on motive in Murdaugh case
The judge in the Alex Murdaugh trial ruled prosecutors can present evidence that money was a motive. Scott MacFarlane has the details.
Australia decides it won't put King Charles III on its banknotes
Australian cash has carried the image of the British monarch for 100 years, but Charles won't replace his mom on the last banknote bearing her likeness.
Australia drops U.K. monarch from its cash
Australia has decided it's had enough of the British monarchy - at least on its dollar bills. As Ian Lee reports, the country will replace the last of its bank notes featuring the late Queen Elizabeth II not with her son's image, but with something much closer to home.
"The FBI Declassified": The Swindling Seductress
A con woman with 15 aliases and dozens of scams across 16 states. How the FBI outsmarted this mysterious grifter. Narrated by Alana De La Garza of the CBS series "FBI."
Many high-earners living paycheck to paycheck
A new study shows 51% of people with six-digit salaries are living paycheck to paycheck. Megan Leonhardt, a senior reporter for Fortune magazine, joins "CBS News Mornings" to explain some of the reasons and what it means for banks and borrowers.
Cheaper to rent than buy in major U.S. cities
With mortgages on the rise, it has become cheaper to rent a home than to own one in 45 of the 50 largest cities in America. Danielle Hale, chief economist for Realtor.com, joins "CBS News Mornings" to explain the phenomenon and how it's affecting the housing market.
Chevron announces record profits for 2022
Chevron announced roughly $36 billion in profits during 2022, setting an all-time high for the company. This follows a $75 billion stock buyback from the oil giant. Host of "TheStreet" J.D. Durkin joined CBS News to discuss why big oil had such a profitable year and what 2023 holds for the industry.
Homeowners making concessions to sell
While mortgage rates are high, many people trying to sell homes are making concession in order to get properties off the market. Taylor Marr, deputy chief economist at Redfin, joins "CBS News Mornings" to discuss what some of these concessions are and where you're most likely to see them.
Some workers get "less than minimum wage"
Wage theft is "not a one-time purse snatching or one-time home robbery," according to Shelly Rusicka of Arise Chicago.
Markets climb to close out week
Stocks climbed to close out the week after a tumultuous few days following the U.S. Treasury Department's announcement that the country has hit its debt ceiling. Javier David, a CBS News contributor and managing editor of business & markets at Axios, and J.D. Durkin, host of "The Street," joined CBS News to discuss.
Treasury takes action as U.S. hits debt ceiling
The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking "extraordinary measures" to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more.
Deadline to raise the debt ceiling
The treasury is expected to confirm the U.S. has reached the debt ceiling. Scott MacFarlane breaks down the conflict in Congress and Nancy Cordes explains Biden's role in addressing the limit and his strategy to prevent a shutdown.
Live
U.S. carries out new strikes on Iran after Trump threatens "a beating"
The U.S. carried out strikes on Iran Thursday morning, hours after President Trump told reporters the U.S. would "be hitting them very hard" in response to new attacks by Iran targeting U.S. forces in the Mideast.
Blanche's nomination for AG on hold over fate of DOJ's "anti-weaponization fund"
Republican Sen. John Cornyn has demanded formal modifications to an agreement the Justice Department made with President Trump to settle his lawsuit against the IRS.
Sen. Paul: "Very real chance" Fauci could be prosecuted after Senate hearing
Hours after Dr. Anthony Fauci invoked the Fifth Amendment in response to all questions during a Senate hearing, Republican Sen. Rand Paul of Kentucky told CBS News he believes Fauci could be prosecuted.
Possible Russian missile crashes in Poland during Russian attacks on Ukraine
Russian attacks across Ukraine killed at least eight people and an apparent Russian missile crashed in Poland, officials said.
White House levels new allegation that China swept up voter data
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
First on CBS
Trump-affiliated companies distance themselves from Trump-IRS deal
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
Dr. Deborah Birx: Fauci hearing shows there's still anger over handling of COVID
Dr. Deborah Birx offered "The Takeout" her takeaways on what the contentious Senate hearing with former colleague Dr. Anthony Fauci says about the nation's ability to move on from COVID.
DOJ asking secretive court to remove Afghan woman allegedly tied to terror plot
The DOJ is seeking to deport an Afghan woman who prosecutors allege is an "alien terrorist," in the first-ever test case before a secretive court that has never convened since it was created three decades ago.
New DOJ rule would allow immigration judges to hold lawyers in contempt
The Justice Department is proposing a new rule to empower federal immigration judges to hold attorneys, their clients and witnesses in contempt if they violate court orders.
U.S.
More U.S.
White House levels new allegation that China swept up voter data
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
DOJ asking secretive court to remove Afghan woman allegedly tied to terror plot
The DOJ is seeking to deport an Afghan woman who prosecutors allege is an "alien terrorist," in the first-ever test case before a secretive court that has never convened since it was created three decades ago.
Husband of North Carolina woman missing in Grenada doesn't suspect foul play
The husband of a North Carolina woman who went missing last week while visiting the Caribbean island of Grenada said Wednesday he believes "there was no foul play" in her disappearance.
Lindsay Clancy murder trial centers on ex's 911 call: "She killed the kids"
Prosecutors allege Lindsay Clancy made a "calculated decision" in killing her kids, while the defense says she was overmedicated and suffering from extreme postpartum psychosis.
Dr. Deborah Birx: Fauci hearing shows there's still anger over handling of COVID
Dr. Deborah Birx offered "The Takeout" her takeaways on what the contentious Senate hearing with former colleague Dr. Anthony Fauci says about the nation's ability to move on from COVID.
MoneyWatch
More MoneyWatch
Why are workers at leading AI companies calling for a slowdown in AI development?
OpenAI CEO Sam Altman and other AI leaders say they support pacing the rapid advancement of AI's capabilities.
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
Why are airlines banning humanoid robots from flights?
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Fed holds interest rates steady, but 3 officials vote for hike
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
Schools are testing pepper-spraying drones to stop shooters
Schools in three states will be equipped with drones this coming academic year that aim to find and deter active shooters within seconds.
Politics
More Politics
White House levels new allegation that China swept up voter data
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
DOJ asking secretive court to remove Afghan woman allegedly tied to terror plot
The DOJ is seeking to deport an Afghan woman who prosecutors allege is an "alien terrorist," in the first-ever test case before a secretive court that has never convened since it was created three decades ago.
Blanche's nomination for AG on hold over fate of DOJ's "anti-weaponization fund"
Republican Sen. John Cornyn has demanded formal modifications to an agreement the Justice Department made with President Trump to settle his lawsuit against the IRS.
Acting CDC director says Fauci "abused the place of power" during pandemic
The acting director of the U.S. Centers for Disease Control and Prevention on Wednesday accused Dr. Anthony Fauci of an abuse of power during the COVID-19 pandemic.
Dr. Deborah Birx: Fauci hearing shows there's still anger over handling of COVID
Dr. Deborah Birx offered "The Takeout" her takeaways on what the contentious Senate hearing with former colleague Dr. Anthony Fauci says about the nation's ability to move on from COVID.
HealthWatch
More HealthWatch
HealthWatch
Extended Interview: Jay Bhattacharya
Rob Gutman speaks with Jay Bhattacharya, director of the National Institutes of Health and acting director of the CDC, about Dr. Anthony Fauci's actions during the pandemic, the possible origins of COVID-19, vaccines and more.
Acting CDC director on Fauci's testimony
Dr. Jay Bhattacharya, the director of the National Institutes of Health and the acting director of the Centers for Disease Control and Prevention spoke with Matt Gutman about Dr. Anthony Fauci's hearing on Wednesday and other health issues that affect many Americans.
Fauci invokes the Fifth over 100 times
Dr. Anthony Fauci faced an angry Senate hearing on Wednesday, with Republicans confronting him over diary entries and his handling of the government's response to the COVID-19 pandemic. Nikole Killion has more.
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
The gut's link to Parkinson's — and more takeaways from this week's "Healthful"
"Ask a Doctor" columnist Dr. Trisha Pasricha joined "Healthful" to discuss the brain-gut connection.
World
More World
Possible Russian missile crashes in Poland during Russian attacks on Ukraine
Russian attacks across Ukraine killed at least eight people and an apparent Russian missile crashed in Poland, officials said.
Husband of North Carolina woman missing in Grenada doesn't suspect foul play
The husband of a North Carolina woman who went missing last week while visiting the Caribbean island of Grenada said Wednesday he believes "there was no foul play" in her disappearance.
Elephants that died in Kenya likely poisoned by cyanide-tainted tomatoes
Fifteen elephants in southern Kenya are suspected to have been poisoned by cyanide-contaminated tomatoes, according to wildlife authorities.
FIFA hits Argentina with World Cup charges for scuffle, political banner
A list of disciplinary cases opened by FIFA against Argentina also includes "discriminatory chants and gestures" by fans.
Teen hitman guilty of U.K. murder plot for Swedish crime group with Iran links
A 19-year-old Norwegian hitman was found guilty of an assassination plot after sending selfies with weapons to his girlfriend and friends.
Entertainment
More Entertainment
Entertainment
Zoe Saldaña on new season of "Lioness"
Zoe Saldaña tells "CBS Mornings" why this season of "Lioness" is demanding, how the series challenges the actors and what it's like working with Taylor Sheridan.
Singer-songwriter Glen Hansard killed in motorcycle crash
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Actor Jared Leto accused of criminal sexual conduct by 4 women
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
William Shatner and daughter Melanie recall fighting Stage 4 cancer together
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
William Shatner, daughter on cancer journeys
Legendary actor William Shatner and his daughter Melanie Shatner Gretsch are opening up about their battles with Stage 4 cancer nearly at the same time as each other. Both are now cancer-free and share how they helped each other through the challenging time.
Technology
More Technology
Technology
OpenAI interested in AI wearables
OpenAI's president says it is working on wearable and hardware options for its AI chatbots like ChatGPT. CNET editor-at-large Scott Stein joins CBS News to discuss this and other technology headlines.
Why are workers at leading AI companies calling for a slowdown in AI development?
OpenAI CEO Sam Altman and other AI leaders say they support pacing the rapid advancement of AI's capabilities.
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.
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
Why are airlines banning humanoid robots from flights?
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Science
More Science
Science
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Crime
More Crime
Lindsay Clancy murder trial centers on ex's 911 call: "She killed the kids"
Prosecutors allege Lindsay Clancy made a "calculated decision" in killing her kids, while the defense says she was overmedicated and suffering from extreme postpartum psychosis.
New testimony in Lindsay Clancy's trial
On the second day of the triple murder trial of a Massachusetts mom who killed her three children, the judge heard new testimony and evidence. Prosecutors asked her ex-husband to describe the moment he returned home on Jan. 24, 2023. Shanelle Kaul reports on the details.
911 call played in Lindsay Clancy trial
Wednesday marked the second day of the high-profile trial against Lindsay Clancy. She's charged with three counts of first-degree murder and facing life in prison for the killings of her three children in 2023. CBS News correspondent Shanelle Kaul reports.
Salman Rushdie attacker convicted in terrorism trial over 2022 stabbing
A man has been convicted of federal terrorism charges in the 2022 stabbing that severely injured author Salman Rushdie.
Teen hitman guilty of U.K. murder plot for Swedish crime group with Iran links
A 19-year-old Norwegian hitman was found guilty of an assassination plot after sending selfies with weapons to his girlfriend and friends.
Space
More Space
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Latest Galleries
More Latest Galleries
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.
Photos show 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.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Reality Check: You CAN Afford to Start a Family
Most Gen Z and millennials say the cost of raising a child feels financially out of reach and many don't believe they can start a family within the next five years. Jill offers a reality check: if you want kids, don't let fear stop you. Joined by special guest host Kayla Sabbagh of Greenspring Advisors, Jill and Mark explain why raising kids in this economy is more achievable than you think. Plus: 23-year-old Brianna, who still lives with her parents, calls in for guidance.
Soccer groups criticize new FIFA plan
A little more than a month after a very successful World Cup, FIFA, the world governing body of soccer, is cooking up something new. It's given member organizations and clubs until Sept. 19 to sign off on a proposed plan to sell shares of its most prestigious tournaments, and it's causing some controversy. Margaret Fleming, who reports on the business of soccer for Front Office Sports, has more.
A look at heavy flooding across Northeast
Dangerous flash floods hit the Northeast this week as heavy rains and thunderstorms inundated the area. Videos show the chaos and damage. Some footage has no sound.
Dr. Anthony Fauci in October 2020 on COVID-19
From October 2020, Dr. Jon LaPook's interview with Dr. Anthony Fauci about the COVID-19 pandemic.
BTS won't submit music for 2027 Grammy Awards
Maria Sherman, music reporter at the Associated Press, joins "The Daily Report" to break down what BTS' refusal to submit music for the 2027 Grammy Awards over a new category means as the band returns from an extended hiatus.