S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Consumer News
Breaking down stock market's 1st week of 2024
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
Xfinity hack affects nearly 36 million customers. Here's what to know.
A major data breach at Comcast-owned Xfinity exposed people's account names, passwords and other personal data.
Shipping companies announce crucial deadlines for holiday shipping
With Christmas falling on a Monday this year, Sunday deliveries will be limited, making it even more important to meet the deadlines.
SmileDirectClub ceases operations immediately — here's what it means for their customers
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
CVS to overhaul drug pricing system
CVS announced a new policy to make prescription drug prices more predictable. Tina Reed, senior health care reporter at Axios, joins CBS News to discuss what the move means for consumers.
Inside the rise of the subscription economy
Subscriptions aren't just for streaming services. Groceries, clothes, pet supplies and even extra horsepower for Mercedes-Benz' electric vehicles can now be bought for a monthly fee. David Mack, a freelance writer and reporter who recently wrote a New York Times opinion piece about the subscription economy, joined CBS News to discuss what this all means for consumers.
Citi illegally discriminated against Armenian-Americans, feds say
Federal financial regulators allege that Citi denied credit card applications from Americans of Armenian descent.
Prices of some Thanksgiving dinner items drop
A new report from Wells Fargo has found that turkey prices are down 9% this year, while the price of cranberries are up 20%.
High costs still making consumers angry
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
Americans are spending more instead of saving
American consumers are spending more and not saving as much, according to reporting by Rachel Wolfe, who covers consumer trends for The Wall Street Journal. Wolfe joins CBS News to explain why a reset of priorities after the COVID-19 pandemic could be leading to more immediate spending.
Traveling over the holidays? Now is the best time to book flights.
Travelers have a couple more weeks to lock in good deals during the "Goldilocks window" before the holidays, said one expert.
New wave of deceptive pricing lawsuits
Large retailers are facing a new wave of lawsuits over allegations that they're using marketing tactics that mislead consumers about pricing discounts. Patrick Coffee, a reporter at The Wall Street Journal, joins CBS News to discuss the latest "deceptive" pricing claims.
Bed, Bath & Beyond revived as online retailer
After filing for bankruptcy earlier this year, Bed, Bath & Beyond has been relaunched as an online store by Overstock.com. Insider senior reporter Dominick Reuter explains.
FTC chair on monopolies and mergers
Lina Khan is the youngest chair of the Federal Trade Commission ever. CBS News' John Dickerson spoke with Khan about the FTC's role in protecting consumers, fighting monopolies and the strong reaction her efforts have sparked from judges, Republicans and businesses.
Tax credits for eco-friendly upgrades
Alicia Jegede, a CPA and founder of New Gen Financial Planning, breaks down the tax credits homeowners can receive from making energy-efficient home improvements.
Live Nation's hidden ticket fees will no longer be hidden, company says
Concert giant promises more transparent pricing for consumers as the Biden administration cracks down on"junk" fees.
Bud Light is no longer America's best-selling beer. Here's why
Mexican-style lager Modelo Especial outsold the popular Anheuser-Busch last month, new sales data shows.
How to ensure your Taylor Swift concert tickets aren't fake
Scammers are on the prowl for fans eager to catch their favorite acts. Follow these tips to avoid getting ripped off.
Airbnb CEO on new features, safety and AI
Airbnb co-founder and CEO Brian Chesky joins "CBS Mornings" to discuss the company's 2023 Summer Release, including some new features and a focus on Airbnb Rooms. Plus, he addresses users safety, privacy concerns, the impact of inflation and a possible recession.
TurboTax users can get settlement money from Intuit. Here's how.
The refunds are part of a $141 million settlement affecting more than 4 million consumers all 50 states plus Washington, D.C.
Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
New skimmers can steal data from chip cards
U.S. Secret Service Asst. Special Agent Charles Leopard explains why card skimmers are getting better at stealing your information, and why your card may be vulnerable – even if it contains a security microchip.
How banks investigate skimming
FICO VP TJ Horan talks about what's driving the increase in skimming incidents, and explains how your bank finds out if your credit or debit card has been compromised.
A former card skimmer tells his story
Former skimming "mechanic" Michael Perez reveals the tricks he used to compromise thousands of credit and debit cards, and how he now works as a security consultant to help law enforcement solve skimming crimes.
Netanyahu hopes to announce release of Gaza hostages "in the coming days"
The plan called for Hamas to return all Israeli hostages and for the Israeli military to begin withdrawing from parts of the Gaza Strip in phases.
Virginia AG candidate faces backlash over violent, inflammatory text messages
In text messages from 2022, former Virginia House Delegate Jay Jones mused about hypothetically shooting then-Republican Speaker of the House of Delegates Todd Gilbert.
Former NFL quarterback Mark Sanchez injured, hospitalized, agent says
Mark Sanchez, who is also a Fox Sports analyst, is recovering in a hospital in Indianapolis, his agent Andrew Kessler told CBS News.
British police arrest 6 after deadly Manchester synagogue attack
Police have arrested six people on suspicion of terror offenses after an attack on a synagogue in northwest England.
Pritzker: Trump administration intends to federalize 300 Illinois National Guard
The statement comes amid clashes between protesters and federal agents in Broadview, Illinois, and other reported ICE activity around the city of Chicago.
FBI weighing a perp walk for Comey — and suspended an agent for refusing to
The FBI is considering carrying out a "showy" arrest and perp walk of the agency's now-indicted ex-Director James Comey, sources tell CBS News.
Rite Aid closing all locations after decades in business
Rite Aid announced on its website that all locations will be closing.
Feds shoot woman in Chicago suburb after allegedly being boxed in by cars
The Department of Homeland Security said federal agents shot a woman in Broadview, Illinois, after they said they were rammed and boxed in by cars Saturday.
Japan's ruling party elects Sanae Takaichi as new leader, likely first female PM
An admirer of former British Prime Minister Margaret Thatcher, Sanae Takaichi is a protege of the ultra-conservative vision of former Japanese Prime Minister Shinzo Abe.