Wells Fargo pays $2 billion over subprime mortgages
It's one of the last remaining big banks to settle charges relating to the subprime mortgage crisis
Subprime Mortgage
Here's what really caused the housing crisis
Despite conservatives' arguments, it certainly wasn't federal programs aimed at helping low-income home buyers
Inside the $5.1B Goldman Sachs subprime mortgage settlement
No one is going to jail, and approximately half of the settlement is tax deductible -- meaning Goldman Sachs will be getting a tax break that could shave about a billion dollars off the total
One of the financial firms that helped create the 2008 financial crisis has reached an agreement on the punishment
One of the financial firms that helped create the 2008 financial crisis has reached an agreement on the punishment. Goldman Sachs will pay a $5.1 billion fine for failing to address financial problems it knew about while selling subprime mortgages as bonds. Dean Reynolds has more.
The full episode of the CBS Evening News from the April 11, 2016 edition
the CDC now believes the mosquito that carries the Zika virus is found in thirty states, not twelve as previously estimated; at the Caromont goat cheese farm in southern Virginia, this is the time of year when baby goats run wild
Goldman Sachs will have to write a big check for deceptive subprime-mortgage practices; Wall Street prepares for bad earnings news; and Americans waste more than a third of their food
Goldman Sachs will have to write a big check for deceptive subprime-mortgage practices; Wall Street prepares for bad earnings news; and Americans waste more than a third of their food. These MoneyWatch headlines and more.
After a commercial touting an easier way to receive a mortgage aired during the Super Bowl, critics blasted the company who ran it, saying easy mortgages spurred the 2008 financial collapse
After a commercial touting an easier way to receive a mortgage aired during the Super Bowl, critics blasted the company who ran it, saying easy mortgages spurred the 2008 financial collapse. As Anthony Mason found out, that's not exactly the case.
Warning Lights
$1,400,000,000 of bad loans in just one town! (01/27/08)
A Small Price To Pay
Is walking away from your mortgage just a "business decision"? (01/27/08)
An Invitation To Fraud
Financial editor Jim Grant says everyone got a cut in the subprime circle. (01/27/08)
How A Bubble Began
Easy credit paved this road to disaster. (01/27/08)
Ground Zero
The foreclosure capital of America. (01/27/08)
The Repo Bus
One family's disaster is another's buying opportunity. (01/27/08)
Latest News
Prince Harry blasts "utterly vile" tabloids in U.K. court testimony
The son of Britain's King Charles III is the first senior royal to give testimony and face questioning in court since the 19th century.
GOP Rep. Jim Jordan seeks DOJ memo on special counsel's Trump probes
The letter from House Judiciary Committee chairman Jim Jordan comes a day after lawyers for former President Donald Trump met with the special counsel and other officials at the Justice Department.
Ukraine says Russia blew up a crucial dam "from inside"
Ukrainian officials ordered thousands of people downriver to evacuate and accused Russia of an "act of terror" and yet another alleged war crime.
Cuba Gooding Jr. settles civil sex abuse case, averting trial
Actor Cuba Gooding Jr. has settled with a woman who claims he raped her, averting a trial that was about to begin in New York City.
Natalee Holloway suspect to challenge extradition to U.S., lawyer says
Holloway was 18 when she was last seen during a trip with classmates to Aruba. She was last seen leaving a bar with Joran van der Sloot.
PGA Tour to merge with Saudi-backed LIV Golf, ending "disruption"
The deal comes after LIV Golf had joined an antitrust suit against the PGA Tour, with the agreement ending all litigation between the groups.
New study finds AI can help improve breast cancer risk predictions
A new study is showing yet another way artificial intelligence is entering the medical field. This time, researchers found AI algorithms improved on existing practices for predicting breast cancer risk.
Missouri man set to be executed for killing 2 unarmed jail guards
Michael Tisius shot them in June 2000 in a failed effort to help an inmate escape. Some jurors who decided on the death penalty now reportedly favor a life sentence instread.
Parkland judge allowed "emotions to overcome her judgment," panel says
Judge Elizabeth Scherer should be publicly reprimanded for showing bias toward the prosecution, a state commission concluded.
U.S.
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Recalled Boppy baby lounger now linked to at least 10 infant deaths
Officials are urging people to stop using the lounger, and asking online marketplaces to regulate attempts to re-sell it, two years after the recall.
Chris Christie to announce 2024 presidential campaign
Former New Jersey Gov. Chris Christie is in New Hampshire to announce his 2024 presidential campaign.
500,000 gallons of sewage leak into Oregon river
Residents have been urged to stay out of the water for 48 hours because there could be "increased bacteria" in the water.
GOP Rep. Jim Jordan seeks DOJ memo on special counsel's Trump probes
The letter from House Judiciary Committee chairman Jim Jordan comes a day after lawyers for former President Donald Trump met with the special counsel and other officials at the Justice Department.
SEC sues Coinbase as feds crack down on cryptocurrency companies
Securities regulators allege the crypto exchange illegally earns billions of dollars while skirting federal rules.
MoneyWatch
More MoneyWatch
Recalled Boppy baby lounger now linked to at least 10 infant deaths
Officials are urging people to stop using the lounger, and asking online marketplaces to regulate attempts to re-sell it, two years after the recall.
Why working in China is getting "very risky" for some U.S. companies
Elon Musk may be fine, but for smaller U.S. businesses, operating in China has become "very risky," a lawyer who works in the country tells CBS News.
SEC sues Coinbase as feds crack down on cryptocurrency companies
Securities regulators allege the crypto exchange illegally earns billions of dollars while skirting federal rules.
PGA Tour to merge with Saudi-backed LIV Golf, ending "disruption"
The deal comes after LIV Golf had joined an antitrust suit against the PGA Tour, with the agreement ending all litigation between the groups.
Microsoft to pay $20M over charges of improperly collecting kids' data
Software giant said it has identified and fixed technical glitch that failed to delete child accounts in certain cases.
Politics
More Politics
Chris Christie to announce 2024 presidential campaign
Former New Jersey Gov. Chris Christie is in New Hampshire to announce his 2024 presidential campaign.
GOP Rep. Jim Jordan seeks DOJ memo on special counsel's Trump probes
The letter from House Judiciary Committee chairman Jim Jordan comes a day after lawyers for former President Donald Trump met with the special counsel and other officials at the Justice Department.
House Oversight panel to move ahead with Wray contempt proceedings
The FBI will not turn over a document subpoenaed by GOP House Oversight Chairman James Comer, though top FBI officials showed the record to Comer and Democratic Rep. Jamie Raskin.
Atlanta City Council OK's funds for facility critics call "Cop City"
The green light came despite the pleas of hundreds of activists who packed City Hall and spoke for hours in fierce opposition to the project.
Gas stove debate boils over in Congress this week
Soon after the rare bipartisan agreement on lifting the debt ceiling, Congress is now engaged in a fierce debate begins this week over the future of gas-fueled stoves in U.S. homes.
HealthWatch
More HealthWatch
New study finds AI can help improve breast cancer risk predictions
A new study is showing yet another way artificial intelligence is entering the medical field. This time, researchers found AI algorithms improved on existing practices for predicting breast cancer risk.
Massage therapists ease hospice patients' pain — but aren't easy to find
The pandemic disrupted the massage industry. Now those who specialize in hospice massage therapy are in demand and redefining their roles.
Health firm wrongly told hundreds of people they might have cancer
Grail, a biotech firm that makes a blood test for detecting cancer, blamed the snafu on a technology glitch.
Makers of toxic "forever chemicals" lied about safety, study claims
Companies hid evidence of PFAS' link to dead dogs, enlarged livers and birth defects, according to researchers.
Sweden close to becoming first "smoke free" country in Europe
Sweden, which has the lowest rate of smoking in the Europe Union, is close to declaring itself "smoke free."
World
More World
Why working in China is getting "very risky" for some U.S. companies
Elon Musk may be fine, but for smaller U.S. businesses, operating in China has become "very risky," a lawyer who works in the country tells CBS News.
Scientists claim evidence that our distant relatives buried their dead
The lead scientist tells CBS News that the discoveries his team is making in the Rising Star cave system may force us to rethink "what it means to be human."
Natalee Holloway suspect to challenge extradition to U.S., lawyer says
Holloway was 18 when she was last seen during a trip with classmates to Aruba. She was last seen leaving a bar with Joran van der Sloot.
Sailing race takes competitors around the world while collecting climate data
The boats go where few scientific missions travel, making the data they collect especially valuable.
Brother of gay man attacked on cliff in 1988 says killer deserves no leniency
Scott White said he threw a punch at Scott Johnson, causing him to stagger backward and fall to his death over a cliff.
Entertainment
More Entertainment
Cuba Gooding Jr. settles civil sex abuse case, averting trial
Actor Cuba Gooding Jr. has settled with a woman who claims he raped her, averting a trial that was about to begin in New York City.
Hollywood actors vote overwhelmingly to authorize strike
The actors' union, which has roughly 160,000 members, voted overwhelmingly to strike if negotiations with studios turn sour.
Actor Luna Blaise on "Manifest" ending
Actor Luna Blaise stars in the TV series "Manifest" on Netflix. Blaise joins "CBS Mornings" and shares her reaction to the show's final episodes, what she took from set and what it was like to say goodbye to her character, Olive.
Colts' Isaiah Rodgers admits "mistakes" after gambling allegations surface
The Indianapolis Colts said they're aware the NFL has opened a gambling probe into one of the team's players. Rodgers said he takes "full responsibility" for his actions.
Actors guild authorizes strike with contract set to expire
The vote does not mean the actors are on strike, but it empowers the union's board to call a strike if a deal can't be reached.
Technology
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Technology
Apple's launch into virtual reality
Apple is unveiling its Vision Pro headset, a virtual reality device set for release next year at a starting cost of $3,499.00. Carter Evans reports.
Apple unveils mixed reality headset
Apple unveiled a long-anticipated piece of hardware during its worldwide developers conference Monday. The new "Vision Pro" mixed-reality headset is the tech juggernaut's first foray into what it calls "spatial computing." Brian Heater, hardware editor at TechCrunch, joins CBS News to discuss the significance behind the headset and other highlights from the conference.
Apple unveils new VR headset
Apple gave the world the first look at its new Vision Pro headset. Carter Evans takes a look at whether the new product can succeed where other wearable tech has failed.
Here's what to know about Apple's debut virtual reality headset, Vision Pro
The headset, which blends the digital and physical worlds, marks Apple's first major new product since AirPods in 2016.
New products at Apple's WWDC event
Apple unveiled several new products at Monday's highly-anticipated annual Worldwide Developers Conference. James Clayton, a technology reporter for the BBC in North America, shares some highlights.
Science
More Science
Scientists claim evidence that our distant relatives buried their dead
The lead scientist tells CBS News that the discoveries his team is making in the Rising Star cave system may force us to rethink "what it means to be human."
Sailing race takes competitors around the world while collecting climate data
The boats go where few scientific missions travel, making the data they collect especially valuable.
Scientists find potential predator that can kill spotted lanternflies
Authorities have urged people to do whatever they can to stop the invasive species known as the spotted lanternfly from spreading.
Multiple rare sightings of wolverine in California confirmed
In the last century, only two wolverines were spotted in California.
Phoenix limits construction amid water crisis
Arizona is limiting new construction around Phoenix as the state's water supply continues to dwindle. State officials say there isn't enough groundwater for housing construction that's already been approved. CBS News senior national and environmental correspondent Ben Tracy has more.
Crime
More Crime
Natalee Holloway suspect to challenge extradition to U.S., lawyer says
Holloway was 18 when she was last seen during a trip with classmates to Aruba. She was last seen leaving a bar with Joran van der Sloot.
Teenager tried to hire hitman to kill 7-year-old, Iowa police say
The 17-year-old allegedly submitted the child's information to a bogus website called rentahitman.com.
New York trooper charged in deadly shooting captured on bodycam video
The charges in the death of James Huber are a rare example of a criminal case being brought against an officer by New York's attorney general.
Missouri man set to be executed for killing 2 unarmed jail guards
Michael Tisius, 42, is scheduled to die by injection for killing Leon Egley and Jason Acton on June 22, 2000.
Brother of gay man attacked on cliff in 1988 says killer deserves no leniency
Scott White said he threw a punch at Scott Johnson, causing him to stagger backward and fall to his death over a cliff.
Space
More Space
SpaceX launches space station resupply mission
The Dragon carries needed crew supplies and equipment, along with two roll-out solar array blankets.
New Webb telescope images reveal center of far-off galaxy
One of the new images, part of an "astronomical treasure trove" reveal asteroid tails shooting across the far-off galaxy.
Livestream captures images of Mars
In a first of its kind event, the European Space Agency on Friday livestreamed images of Mars in what it called an opportunity "to get as close as it's currently possible" to the Red Planet.
A strawberry moon will take the night sky this weekend. Here's how to see it.
Around the world, people can catch a sweet treat in the night sky this weekend.
For first time ever, a near livestream of Mars
Up until Friday, all images seen of the planet were technically of its past.
Latest Galleries
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Woman poisoned with cheesecake; lookalike convicted of attempted murder
See the details of the bizarre case.
Summer music heats up 2023
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
How investigators solved murder of missing Florida woman
Vero Beach Police investigators focused on cellphone tower pings and surveillance footage cameras to catch a man who murdered his former girlfriend.
Latest Videos
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Latest Videos
Rooney reflects on D-Day
"There've only been a handful of days since the beginning of time on which the direction the world was taking has been changed in one 24-hour period by an act of man," Andy Rooney said about the D-Day invasion of Normandy, France, on June 6, 1944.
Prince Harry evidence against U.K. tabloids
Prince Harry will make an appearance in court Tuesday as he sues one of Britain's tabloid newspapers for phone hacking and illegal intrusion into his private life. The publisher admits phone hacking once took place at its newspapers but denies that the Duke of Sussex was ever a target. Holly Williams spoke with media lawyer Matthew Gill about what Harry hoped to achieve by taking the very public case to trial.
Apple's launch into virtual reality
Apple is unveiling its Vision Pro headset, a virtual reality device set for release next year at a starting cost of $3,499.00. Carter Evans reports.
PGA and LIV Golf to merge, form new entity
The PGA Tour, LIV Golf and the DP World Tour announced they will merge to form a new commercial entity. This would appear to end the division that had erupted in the sport. LIV Golf was formed by the Saudi-backed Public Investment Fund as a rival tour for professional golfers.
Commercial real estate economic concerns
The Federal Reserve is eying commercial real estate as a looming risk to the U.S. economy. According to a survey conducted by the central bank, real estate is one of the top five potential risks to U.S. financial stability in the next 12 to 18 months. Stephen Gandel, a U.S. banking correspondent for the Financial Times, has more.