SEC sues Binance, alleging it operated an illegal exchange
Securities watchdog alleges the company and CEO Changpeng Zhao diverted customer funds and sought to escape regulatory oversight.
Securities and Exchange Commission
Frank startup founder Charlie Javice arrested, charged with fraud
Regulator says now-shuttered student-loan assistance company fabricated data to entice JPMorgan Chase into sale.
SEC files crypto fraud charges against Lindsay Lohan, Jake Paul, others
The Securities and Exchange Commission announced charges against crypto entrepreneur Justin Sun and celebrity backers of his crypto asset companies Tronix and BitTorrent.
Federal investigation into Silicon Valley Bank
The Department of Justice and the Securities and Exchange Commission are investigating the Silicon Valley Bank collapse. CBS News anchors Lana Zak and Elaine Quijano spoke with John Geiringer, a partner at Barack Ferrazzano Kirshbaum and Nagelberg, about what authorities look at in such cases and what this investigation could mean for company executives.
DOJ investigating SVB's collapse
Dave Michaels is a reporter for the Wall Street Journal. He joins CBS News to discuss what the DOJ probe means moving forward.
Investigating Silicon Valley Bank collapse
The Department of Justice and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, the Wall Street Journal reported. CBS News national correspondent Errol Barnett reports from Santa Clara, California, on the fallout.
Abbott faces SEC investigation over infant formula debacle
Abbott closed its Sturgis facility last year due to a bacteria outbreak, creating a nationwide formula shortage.
Russian businessman found guilty of hacking, insider trading
Russian millionaire with Kremlin ties turned $2 million into $21 million by trading on hacked corporate info, prosecutors said.
George Santos’ past work drew SEC scrutiny
The Securities and Exchange Commission looked into embattled New York congressman George Santos' work for a company behind an alleged Ponzi scheme after he pitched an investment opportunity to a childhood friend and her former client. Watch the full “CBS Reports” documentary “Campaign of Deceit: The Election of George Santos” on Thursday. CBS News political reporter Caitlin Huey-Burns reports.
FTX founder pleads not guilty to fraud
Disgraced crypto king Sam Bankman-Fried pleaded not guilty to a slew of charges related to his defunct cryptocurrency exchange in federal court in Manhattan. Michael Parker, head of the anti-money-laundering and sanctions practice at Ferrari and Associates, joins CBS News' Elaine Quijano to discuss the details of SBF's case.
Former FTX CEO faces charges
Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas on criminal charges and faces extradition to the U.S.. He has also been charged by the Securities and Exchange Commission for allegedly defrauding investors in his cryptocurrency exchange. CBS News congressional correspondent Scott MacFarlane joins "CBS News Mornings" to explain the fallout on Capitol Hill, where Bankman-Fried had been scheduled to testify at a hearing today.
Kim Kardashian fined over crypto ad
The Securities and Exchange Commission has fined Kim Kardashian more than $1 million over failing to disclose she was being paid to promote a cryptocurrency. Axios business editor Dan Primack joins CBS News to discuss the case and other market news.
Boeing to pay $200 million to settle charges over 737 Max crashes
Aviation giant "put profits over people" in assuring the public that its plane was safe, SEC official said.
Boy finds courage to jump into lake
The former security chief of Twitter has filed an explosive whistleblower complaint against the company. Peiter Zatko claims Twitter executives buried “egregious deficiencies” in the company’s cybersecurity practices. Cat Zakrzewski, a technology policy reporter for The Washington Post who co-wrote the article breaking this story, joins CBS News to discuss.
Elon Musk says tweet about buying Manchester United was a joke
The Tesla boss's "joke on Twitter" likely sparked hope among the flailing soccer club's army of supporters as his lawyers battle over his abandoned bid to buy Twitter.
Elon Musk says Twitter deal "on hold"
Elon Musk says his $44 billion takeover bid for Twitter is "on hold" as he seeks more information on the platform's spam accounts. CBS News tech reporter Dan Patterson has more on that, plus how Musk is also reportedly facing a SEC investigation for late disclosure after buying a substantial stake in the company.
SEC arrests Archegos founder on billion-dollar fraud charges
Feds allege Hwang "propped up a $36 billion house of cards by engaging in a constant cycle of manipulative trading."
Government wants companies to disclose climate-change risks
New SEC proposal requires companies to spell out bottom-line impacts of everything from floods to rising fuel costs.
Crypto platform Wormhole restores $320 million lost in hack
Wormhole hack is one of biggest crypto heists in history, second only to $611 million theft at Poly Network last summer.
Repot: Trump's SPAC deal may have violated securities laws
Former President Trump secured nearly $300 million in funding for his new social media venture by agreeing to merge with a special purpose acquisition company. But the deal may have skirted securities laws and stock exchange rules, according to a New York Times report. Lauren Hirsch, a business reporter who co-authored the article, joins CBSN's Lana Zak to discuss.
SEC targets trading apps after GameStop frenzy
Report is critical of trading apps' gaming-like features, stoking of meme stocks and practice of selling customers' orders to traders.
Whistleblower says Facebook platforms harm teens
Following an explosive interview on "60 Minutes," Facebook whistleblower Frances Haugen testified before a Senate subcommittee on Tuesday. She accused the social media giant of being morally bankrupt and said Facebook's platforms are harmful to the mental health of teens. CBS News congressional correspondent Kris Van Cleave details the hearing, then CBSN anchor Elain Quijano speaks with Nick Thompson, CEO of The Atlantic, about what Congress could potentially do to address these concerns.
Cryptoexchange founder accused of $2 billion investment fraud
Regulators said BitConnect execs pocketed funds after promising investors they could earn returns of 40% per month.
Bitcoin bubble?
Bitcoin's meteoric rise has prompted both wild speculation and words of caution. In recent weeks, the price of the cryptocurrency has fluctuated wildly, leaving investors and regulators wondering about the future of the digital currency. Lido Isle Advisors' Managing Partner Jason Rotman joins CBSN to discuss this burgeoning market.
Biden's SEC pick calls out apps that treat trading like gaming
"Things can go very wrong" when financial markets don't adapt to new technologies, SEC nominee Gary Gensler tells lawmakers.
Live
U.S. says it hit targets in Iran and shot down drones near Strait of Hormuz
It's unclear how close the U.S. and Iran are to striking a deal, as an Iranian official says "the ball is in Trump's court," and Israel-Hezbollah hostilities continue.
Becerra advances in California governor's race, CBS News projects
CBS News projects that Democratic former U.S. Health and Human Services Secretary Xavier Becerra has advanced in the primary for the 2026 California governor's race. A second candidate in the race has not yet been projected to advance.
Exclusive
After deadly bus crash, investigators probe company's links to other carriers
The company that operated a bus involved in a deadly crash in Virginia last week has ties to a broader network of travel firms, including one shut down by regulators a decade ago, a CBS News investigation has found.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
Heightened security for Trump attending NBA Finals includes ban on bags at MSG
As President Trump prepares to watch the New York Knicks take on the San Antonio Spurs at Madison Square Garden, officials are planning for a heightened security posture, sources said.
DOJ confirms in court papers the "anti-weaponization fund" isn't going forward
In a pair of legal filings Friday, the Justice Department stated in writing for what appears to be the first time that a controversial $1.7 billion "anti-weaponization fund" will not continue.
Graham Platner faces another controversy days ahead of Maine Senate primary
This week, the New York Times reported allegations of Platner's "unsettling" behavior toward women he dated, including one claim that he was physically abusive, which Platner denies.
Judge refers DOJ lawyers for possible discipline over handling of transgender care probe
U.S. District Judge Mary McElroy had lambasted Justice Department lawyers in a decision last month and accused them of misrepresenting and withholding information.
Trump says he wants Pulte to "start the process" of shrinking intel office
President Trump told the Wall Street Journal he may even want to terminate the Office of the Director of National Intelligence altogether.
U.S.
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Why a 55-mile trek is a mandatory rite of passage for freshmen at one high school
The five-day, 55-mile Appalachian Trail hike is a 53-year tradition for freshmen at St. Benedict's Preparatory School.
Park ranger dies after falling into crevasse on America's tallest peak
The National Park Service said a ranger in Alaska fell into a crevasse and died on North America's tallest mountain.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
Exclusive
After deadly bus crash, investigators probe company's links to other carriers
The company that operated a bus involved in a deadly crash in Virginia last week has ties to a broader network of travel firms, including one shut down by regulators a decade ago, a CBS News investigation has found.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
MoneyWatch
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The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Meta is selling $3.99 monthly subscriptions for Instagram Plus
The new paid tier adds features like longer stories and deeper metrics as Meta looks to diversify revenue beyond advertising.
The U.S. is minting more millionaires than ever. Here's why.
A stock market boom is elevating more Americans into the ranks of the nation's millionaires, a new study finds.
Politics
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Becerra advances in California governor's race, CBS News projects
Former U.S. Health and Human Services Secretary Xavier Becerra, a Democrat, will advance to the November election in the California governor's race, CBS News projects. A second candidate in the race has not yet been projected to advance.
Colombia's Petro accuses Trump of intervening in his country's election
Colombian President Gustavo Petro argues the U.S. has chosen to align against his government and back forces he identifies as complicit in the drug trade.
No bags, no watch parties: What to expect when Trump attends NBA Finals
As President Trump prepares to watch the New York Knicks take on the San Antonio Spurs at Madison Square Garden, officials are planning for a heightened security posture, sources said.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
DOJ confirms in court papers the "anti-weaponization fund" isn't going forward
In a pair of legal filings Friday, the Justice Department stated in writing for what appears to be the first time that a controversial $1.7 billion "anti-weaponization fund" will not continue.
HealthWatch
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In Congo, doctors face Ebola with little protection: "We live with fear"
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
FDA moves ahead with safety study of abortion pill mifepristone
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
Upcoming billing change could make pregnancy pricier
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
Possible flesh-eating screwworm case in Texas, USDA says
A possible case of the flesh-eating New World screwworm is being investigated in Texas, the USDA reported Wednesday.
WHO massively scales back number of suspected Ebola cases in Congo
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
World
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Colombia's Petro accuses Trump of intervening in his country's election
Colombian President Gustavo Petro argues the U.S. has chosen to align against his government and back forces he identifies as complicit in the drug trade.
Putin sees "no point" in meeting with Zelenskyy to discuss ending war
President Zelenskyy chided Putin in his first public message to the Russian leader, who called it "boorish" on Friday.
Mom of American missing in Japan says they argued over ChatGPT
James "Weston" Higginbotham went missing one week ago while on a family vacation in Japan.
Rare Roman-era gold ring found by metal detectorist
The Ilminster Ring was originally found by an amateur metal detectorist in 2018 and bought this week for more than $100,000.
Thieves who stole 2,500-year-old gold relics from museum sentenced
A Netherlands court said the three men warranted a custodial sentence "because of the nature and gravity" of their crime.
Entertainment
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Entertainment
Previewing the 2026 Tonys
"The Lost Boys" and "Schmigadoon!" lead Tony nominations with 12 nods each heading into Sunday's Tony Awards, which air on CBS. Zach Stweart, chief critic at the theater information and ticket website TheaterMania, joins "The Daily Report" to discuss.
Anthony Head, "Buffy the Vampire Slayer" and "Ted Lasso" star, dies at 72
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
What to expect ahead of the 2026 Tony Awards
The 2026 Tony Awards are taking place at New York City's Radio City Music Hall on Sunday, June 7, at 8 p.m. ET. Tony Award-winning actress Laura Benanti joins with her take on Broadway's biggest night.
Nick Jonas talks new movie "Power Ballad"
Nick Jonas speaks with "CBS Mornings" about starring in the new film "Power Ballad." He explains how he reflected on his own life for the movie, why it's relatable and what it was like working with Paul Rudd. Jonas also reveals what's next for him.
Pope Leo XIV is visiting Spain
Pope Leo XIV is visiting Spain during the same time that musician Bad Bunny is expected to be there. CBS News' Chris Livesay has more on a potential meeting.
Technology
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Technology
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more details.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
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.
New details on SpaceX IPO plans
SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company's growing need for water, particularly to expand its data centers. CBS News' Kelly O'Grady reports, and University of California, Riverside, associate professor Shaolei Ren joins to discuss.
Meta is selling $3.99 monthly subscriptions for Instagram Plus
The new paid tier adds features like longer stories and deeper metrics as Meta looks to diversify revenue beyond advertising.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Crime
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
Marine veteran fights off armed attackers
A Marine veteran was working on his truck in front of his home in Oxon Hill, Maryland, this week, when four teens tried to rob him at gunpoint. That is when his military training kicked in. Tom Hanson reports.
Judge orders detention of ex-CIA official found with $40 million in gold bars
Former CIA official David Rush was arrested in May after FBI agents found gold bars worth about $40 million at his home while probing whether he had lied about his educational and military background, according to court records.
Man attacks 21-year-old over lake access
Steven Dana, 70, is facing multiple charges, including attempted murder, after a video emerged of him attacking a 21-year-old man who was riding a jet ski in Massachusetts' Lake Maspenock with friends. CBS News Boston's Anna Meiler reports.
Man gets life in prison for double murder scheme in affair with au pair
Brendan Banfield, a former IRS law enforcement officer, claimed he shot Joseph Ryan after he came across Ryan attacking his wife.
Space
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Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Latest Galleries
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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.
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.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
NASA reverses evacuation order for ISS
NASA has reversed an evacuation order on the International Space Station due to concerns over two small air leaks in the Russian section. Retired NASA astronaut Scott Parazynski joins CBS News with more.
World waits for U.S., Iran agreement
President Trump said the situation with Iran seems to be going well, despite Iran claiming negotiations are stuck at a deadlock. CBS News national security contributor Sam Vinograd has more.
Previewing the 2026 Tonys
"The Lost Boys" and "Schmigadoon!" lead Tony nominations with 12 nods each heading into Sunday's Tony Awards, which air on CBS. Zach Stweart, chief critic at the theater information and ticket website TheaterMania, joins "The Daily Report" to discuss.
Judge blocks some Trump immigration policies
A federal judge in Rhode Island has struck down a series of Trump administration policies that were delaying the immigration process for hundreds of thousands of applicants. CBS News immigration correspondent Camilo Montoya-Galvez has more.