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.
U.S.
Dow soars nearly 900 points as Wall Street bets on Iran peace deal
Despite flare-ups in Middle East violence, investors remain optimistic that the U.S. and Iran will soon end the war.
First on CBS
Trump's name must come off the Kennedy Center by June 12
There's been no word yet on if the Kennedy Center plans to remain open after July 5. It was to be closed for two years for extensive repairs beginning this summer.
Alleged $30M fraud ring involving children's health services busted, officials say
Federal authorities have busted what they say is a $30 million fraud conspiracy involving billing for children's behavioral health services that were never provided, officials announced.
John Bolton plans to plead guilty in classified documents case, sources say
A federal grand jury indicted John Bolton, former national security adviser to President Trump, on 18 counts last year.
House Republicans seek DOJ probe of allegations raised by Epstein's assistant
Republican lawmakers asked the Justice Department to investigate allegations raised by Jeffrey Epstein's longtime assistant that she was abused by two men.
Trump plans to attend NBA Finals in New York City
President Trump, a native New Yorker and self-described Knicks fan, said he was invited to attend a Knicks playoff game by the team's owner James Dolan, who has donated to his political campaigns.
Trump announces $700 million investment in coal industry
The money will fund new and existing coal plants, as well as an export terminal in Oakland, California.
Accused Oregon serial killer charged with murder of 5th woman
Jesse Calhoun's defense attorney entered a not-guilty plea on his behalf in a Portland courtroom.
Senate passes bill to fund ICE for 3 years, without DOJ fund ban
Senate Republicans passed funding for the Department of Homeland Security's immigration enforcement agencies following a "vote-a-rama." The measure didn't ban the administration's "anti-weaponization" fund.
U.S. destroys alleged drug boat in Pacific, killing 2 more people
At least 207 people have been killed since the Trump administration began targeting those it calls "narcoterrorists" in September.
SpaceX plans record stock market debut that could make Elon Musk a trillionaire
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Ohio State reaches $100 million settlement over school doctor accused of sex abuse
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
Flesh-eating New World screwworm found in Texas calf, USDA says
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
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.
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Live
Iran declares it has won the war as U.S. turns to economic warfare
Iran's president said Friday the world had "approved" the country's victory, as Vice President JD Vance declares economic pressure "the most effective tool that we have."
Judge denies Karmelo Anthony's appeal for a new trial in killing of Austin Metcalf
The decision comes after both prosecutors and Anthony's new defense team revealed more details in a tense two-day hearing.
Tropical Storm Moke expected to bring up to 15 inches of rain in Hawaii
Hawaii is still cleaning up from Hurricane Lala, which dumped massive amounts of rain on the islands.
Frustration mounts for thousands still without power after deadly Indiana storms
Several days of powerful storms walloped northwest Indiana, killing at least seven people and displacing about 1,000. The storms brought record rainfall that flooded several communities.
Russian and Ukrainian attacks kill at least 10 after deadly mall drone strike
The attacks come a day after a two-wave drone strike on a shopping mall in Zelenskyy's hometown killed 16 people.
Buffalo Bills defensive tackle Ed Oliver mourning death of 2-year-old son
The Buffalo Bills expressed their condolences to defensive tackle Ed Oliver on the death of his 2-year-old son.
Cardiac event reveals Olympian's rare heart condition: "There was a God present"
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
Nancy Kassebaum Baker, former U.S. senator from Kansas, dies at 94
Former U.S. Sen. Nancy Kassebaum Baker of Kansas was the first woman elected to the U.S. Senate without following a spouse into office.
U.S.
More U.S.
Frustration mounts for thousands still without power after deadly Indiana storms
Several days of powerful storms walloped northwest Indiana, killing at least seven people and displacing about 1,000. The storms brought record rainfall that flooded several communities.
Tropical Storm Moke expected to bring up to 15 inches of rain in Hawaii
Hawaii is still cleaning up from Hurricane Lala, which dumped massive amounts of rain on the islands.
Buffalo Bills defensive tackle Ed Oliver mourning death of 2-year-old son
The Buffalo Bills expressed their condolences to defensive tackle Ed Oliver on the death of his 2-year-old son.
Nancy Kassebaum Baker, former U.S. senator from Kansas, dies at 94
Former U.S. Sen. Nancy Kassebaum Baker of Kansas was the first woman elected to the U.S. Senate without following a spouse into office.
Serena Williams, Carlos Alcaraz will play mixed doubles at the U.S. Open
Serena Williams will team up with Carlos Alcaraz to create a powerhouse mixed doubles pair in her return to the U.S. Open.
MoneyWatch
More MoneyWatch
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Politics
More Politics
Nancy Kassebaum Baker, former U.S. senator from Kansas, dies at 94
Former U.S. Sen. Nancy Kassebaum Baker of Kansas was the first woman elected to the U.S. Senate without following a spouse into office.
Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Exclusive
Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
Trump threatens defamation suit against left-leaning think tank
President Trump's legal team is threatening to sue left-leaning think tank Center for American Progress for defamation over a report it issued that found "no evidence that National Guard deployments have reduced violent crime."
Trump campaigns with Darline Graham in South Carolina ahead of runoff
Sen. Darline Graham is facing Rep. Ralph Norman to replace her late brother on the ballot in November.
HealthWatch
More HealthWatch
HealthWatch
Olympian Jenny Simpson shares rare diagnosis
Retired Olympic runner Jenny Simpson earned a slew of accolades for her performances in three Olympic Games — but two months ago, she nearly died after suffering a cardiac event. Simpson spoke with Errol Barnett about her diagnosis of arrhythmogenic right ventricular cardiomyopathy, the rare ailment she'd unknowingly carried for four decades.
How a teen found "a sense of control" as she fought cancer
Alayna Riozzi-Bodine was diagnosed with Hodgkin's lymphoma the summer before her senior year of high school.
Alfalfa sprouts recalled after E. coli, salmonella outbreak sickens dozens
An outbreak of E. coli and salmonella that has sickened dozens of people across 15 states has been linked to an alfalfa grower in Minnesota, federal health officials said Friday.
Cardiac event reveals Olympian's rare heart condition: "There was a God present"
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
Mom says postpartum psychosis made her feel like "such a monster"
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
World
More World
European wildfires expose, detonate buried explosives from past wars
The wildfires burning across Europe this summer have revealed World War I and II ordnance lurking beneath the blackened landscape.
Russian and Ukrainian attacks kill at least 10 after deadly mall drone strike
The attacks come a day after a two-wave drone strike on a shopping mall in Zelenskyy's hometown killed 16 people.
Exclusive
Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
Sword attack at school in Sweden kills 17-year-old girl, officials say
An 18-year-old with a sword attacked a school on Friday in central Sweden, killing a 17-year-old girl and seriously injuring at least two others.
Russian strike kills 15 people at shopping mall in Zelenskyy's hometown
Zelenskyy described the attack as a double-tap strike, in which an initial wave of drones hit the area, followed by a second wave as rescue workers responded.
Entertainment
More Entertainment
Entertainment
8/22: CBS Saturday Morning
U.S.-Canada tariff deal falls through, NYC cracks down on wage theft, plus Grace Potter is back. All this and more on "CBS Saturday Morning."
Grace Potter performs "Run Baby Run"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Run Baby Run."
Grace Potter sings "Main Street USA"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Main Street USA."
Grace Potter sings "Love Me Not"
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Love Me Not."
Iconic props up for grabs at movie auction
Iconic film props and other movie memorabilia from classic Hollywood flicks are up for auction. Kris Van Cleave has more.
Technology
More Technology
Technology
AI-generated bills swamp congressional lawyers
Lawmakers and lobbyists are now using artificial intelligence to draft bills, but it turns out AI is currently terrible at the technicalities of federal law and regulations. Politico Congress tech reporter Owen Dahlkamp joins to discuss his recent article on the topic.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
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.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Science
More Science
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
More Crime
Crime
Uber driver gets roped into police car chase
A Houston Uber driver found himself involved in police activity after two officers jumped into his vehicle in pursuit of a suspect. Lana Zak has the story.
Judge denies Karmelo Anthony a new trial
Karmelo Anthony's murder conviction and 35-year prison sentence are staying in place after a Texas judge denied his request for a new trial.
Child social media addiction trial underway
A landmark trial which accuses tech giant Meta of harming children through addictive social media products is underway in Oakland. Kenny Choi has the details.
Fighting wage theft in New York City
The Economic Policy Institute estimates that workers lose more than $50 billion a year to wage theft. New York City is cracking down on the crime and other abuses of low-income workers.
Latest Lindsay Clancy trial testimonies
Several medical experts testified in the murder trial of Lindsay Clancy. Clancy admitted to killing her three children but claims she was experiencing postpartum psychosis. Shanelle Kaul reports.
Space
More Space
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
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
Retiree helps families bond with free tables
Brian Unger tells the story of a Georgia retiree who built a second career crafting tables for families in need.
Big Bend residents concerned over border wall
A new $7.5 billion border wall construction project in Big Bend, Texas, is drawing bipartisan outrage in the community. Nicole Sganga has more.
Uber driver gets roped into police car chase
A Houston Uber driver found himself involved in police activity after two officers jumped into his vehicle in pursuit of a suspect. Lana Zak has the story.
Judge denies Karmelo Anthony a new trial
Karmelo Anthony's murder conviction and 35-year prison sentence are staying in place after a Texas judge denied his request for a new trial.
Child social media addiction trial underway
A landmark trial which accuses tech giant Meta of harming children through addictive social media products is underway in Oakland. Kenny Choi has the details.