Tesla sales drop as competition in electric vehicle market heats up
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Consumer News
California gets new fast food minimum wage
Fast food workers in California will now earn a minimum of $20 an hour. CBS News correspondent Carter Evans has more details. Then, economy and labor journalist Margot Roosevelt joins to discuss what the wage changes mean for the industry and Californians.
Early 401(k) withdrawals hit record high
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
Maximizing your tax refund
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Solar eclipse should boost local economies
On April 8, a total eclipse will be visible from Texas to New England. If you're thinking of traveling to one of the places in the path of totality, get ready for crowds and high prices. CBS News' Robbie Owens reports.
One of your favorite cookies could soon taste different
Chips Ahoy! Is introducing a new recipe for its chocolate chip cookies. The company says it's the biggest update in nearly a decade.
Joann files for bankruptcy amid consumer pullback and higher costs
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
Crises at major canals threaten global trade
Nearly 20% of global trade goes through two canals and both are in crisis. Attacks from the Houthis have slowed Suez Canal traffic, and in Panama, climate is the culprit. Costas Paris, senior reporter at The Wall Street Journal, joins CBS News to explain what the slowdowns mean for the world.
JetBlue and Spirit merger halted
A planned merger between JetBlue and Spirit Airlines has been halted by a federal judge's ruling, safeguarding travelers' access to Spirit's low-cost fares. The $3.8 billion deal faced scrutiny for potentially harming consumer interests.
Biden administration caps credit card late fees at $8
The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal and unfair pricing practices in essential sectors like groceries, prescription drugs, health care and housing. CBS News business analyst Jill Schlesinger offers an in-depth analysis of what these changes mean for consumers.
New report highlights top consumer scams
In observance of National Consumer Protection Week, the Better Business Bureau releases its annual scam report, revealing over 67,000 scam incidents reported by Americans in 2023. With investment and cryptocurrency scams leading the charge, Anna Werner looks into what makes these scams the riskiest and how consumers can protect themselves.
Here's how to negotiate a lower fee from your real estate agent
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Stock market soars to record highs
The tech-centric Nasdaq is closing at a new high, driven by enthusiasm for artificial intelligence. This milestone marks its first record peak since 2021.
How to save on airfare this spring and summer
As planning begins for spring break and summer travel, some airlines are announcing route changes and special discounts. CBS News travel adviser Peter Greenberg joins with tips on how to spend less on airfare.
Report: Many hospitals defy price rules
By law, hospitals are required to put their prices online. But many aren't fully complying, and it's costing people money. CBS News consumer investigative correspondent Anna Werner has more on these "hidden costs."
Wendy's plans to test surge pricing in 2025
Wendy's is planning to roll out a "dynamic pricing" model for its menu in 2025, meaning prices will change throughout the day based on a few different factors. CBS News senior business and technology correspondent Jo Ling Kent explains.
FTC sues to block Kroger-Albertsons merger, citing risk of higher prices
The FTC argues the proposed $24.6 billion merger between grocery giants Kroger and Albertsons could eliminate competition.
AT&T is giving a $5 credit after service outage. Here's what to know.
AT&T apologized for Thursday's widespread phone network outage and said "potentially impacted customers" will receive a credit.
AT&T restores service after nationwide outage
AT&T says cellular service has been restored to all customers following a nationwide outage Thursday morning. CBS News senior business and tech correspondent Jo Ling Kent has more on the ongoing investigation into what caused the issue.
How to avoid scammers on dating apps
The Federal Trade Commission is warning of online scammers, including so-called "romance scams." Some 70,000 reported "romance scams" in 2022 resulted in losses worth $1.3 billion, according to the FTC. CNET senior writer Bree Fowler joins CBS News to discuss how you can stay safe.
Swifties fight for ticket reform law
Critics say the government is failing to enforce a law that could protect ticket buyers. National consumer correspondent Ash-har Quraishi follows Taylor Swift fans as they fight to change the ticketing industry.
General Mills urged to reduce plastic chemicals in food products
Consumer Reports said tests revealed "concerning" levels of phthalates in several of the food maker's products.
Your Delta SkyMiles American Express card is getting pricier
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
The job market is strong. So why did layoffs double in January?
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
Here are the most and least expensive U.S. neighborhoods per square foot
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
Trump says he will meet with Zelenskyy after "very successful day" with Putin
President Trump announced the news on Truth Social hours after meeting with Russian president Vladimir Putin in Alaska.
Hurricane Erin, first of Atlantic season, strengthens to Cat 5
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
USCIS to more heavily scrutinize "good moral character" citizenship requirement
U.S. Citizenship and Immigration Services instructed officers on Friday to consider additional factors when determining whether immigrants applying for U.S. citizenship have a "good moral character."
Trump administration faces lawsuit over "secret report" on climate change
Environmental groups and independent scientists are criticizing a report assembled by a small team of well-known climate skeptics selected by Energy Secretary Chris Wright.
DOJ removes D.C. emergency police chief, agrees to rewrite immigration directive
Attorney General Pam Bondi issued an order Thursday that amounted to a reversal of "sanctuary" policies in D.C. The District sued over the order Friday.
Trump-Putin summit in Alaska ends with no deal on Ukraine ceasefire
President Trump and Russian President Vladimir Putin held a high-stakes summit in Alaska, but the talks did not yield a ceasefire in Ukraine.
Thieves steal $2 million in jewelry from Seattle store in 90 seconds
The thieves were armed with bear spray and a Taser, and shattered the building's glass doors before ransacking display cases.
Man rescued after 2 days trapped behind a California waterfall
Ryan Wardwell of California planned to rappel down waterfalls known as the Seven Teacups on Sunday, officials said.
Canada government forces Air Canada, flight attendants into arbitration
Air Canada had suspended all operations after more than 10,000 of the airline's flight attendants went on strike after a deadline to reach a deal passed