Elon Musk says at Davos that robots will one day outnumber people
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
Watch CBS News
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Three former Fed chairs and other top economic officials decry "prosecutorial attacks" on Jerome Powell, saying it undermines the central bank.
The White House said it will review its protocols for releasing economic data after President Trump's "inadvertent public disclosure."
President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far more complicated, experts note.
A change at the U.S. Postal Service could pose an issue for people who need to get bills, taxes and other mail postmarked by specific dates.
Taxpayers can start filing their 2025 tax returns on Jan. 26, 2026, the IRS says.
Warner Bros. Discovery's board again urged shareholders to reject Paramount Skydance's offer, calling it inferior to Netflix's bid
New research recommends against drinking coffee or tea served by airlines, urging travelers to stick to bottled water.
Eligible Amazon customers can now request a refund from a settlement over allegations of deceptive Prime enrollment practices.
Proposed California ballot initiative would impose a one-time 5% tax on billionaires, with the revenue funneled toward health care and education.
Tesla's electric vehicle sales fell 9% in 2025 from a year ago amid the expiration of a $7,500 EV U.S. tax credit.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.