How to educate your kids about finances
Mellody Hobson, the co-CEO and president of Ariel Investments, discusses why it's important to talk with kids about money and how her childhood experiences helped shape her views.
Credit Cards
Why DOJ says Visa monopolizes debit cards
The Justice Department sued Visa on Tuesday, accusing the credit card business of reaping big profits by shutting out rival payment processors and passing on costs to consumers. CBS News legal contributor Jessica Levinson joins to unpack the antitrust allegations and what they could mean for the credit giant.
Visa monopoly over debit cards hurts consumers and businesses, feds say
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege in a lawsuit.
Here's how the Fed's rate cut could impact your credit card balance
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Looking to save money? Try using cash for these 3 purchases.
With credit card debt reaching a record high, consumers looking to save a few bucks should reacquaint themselves with the virtues of cold, hard cash.
Nearly half of Americans don't know their credit card APRs
Here's how not knowing what your credit card interest rate is can hurt you financially.
New protections for "buy now, pay later" shoppers
The Consumer Financial Protection Bureau announced Wednesday that lenders that offer "buy now, pay later" plans must provide customers with the same protections as those offered to credit card users, including allowing shoppers to demand refunds on returned products or canceled services. Jo Ling Kent has details.
Rules for "buy now, pay later" plans
The Consumer Financial Protection Bureau has announced expanded protections for Americans choosing to use the "buy now, pay later" options to purchase certain goods. CBS News senior business and technology correspondent Jo Ling Kent breaks down the protections.
Judge halts plan to cap credit card late fees
A federal judge in Texas Friday temporarily halted a Biden administration rule that would cap credit card late fees at $8, about a quarter of what they are now. Credit card companies receive about $14 billion in late fee payments per year, according to the Consumer Financial Protection Bureau. Elise Preston has more.
Federal judge blocks White House plan to curb credit card late fees
The banking industry is mounting a last-ditch effort to block a new federal rule that would slash credit card late-payment fees.
Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
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.
Biden announces credit card late fee cap of $8
President Biden on Tuesday announced credit card late fees will be capped at $8, down from around $32. Nikki Battiste has the details.
Capital One-Discover merger: What to know
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
How to save hundreds of dollars on your credit card payments
Many consumers are paying up to $500 more in annual interest than necessary, and credit scores have nothing to do with it.
Your Delta SkyMiles American Express card is getting pricier
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
56 million credit cardholders have been in debt for at least a year
American consumers' combined outstanding credit card balances hit a record $1 trillion in 2023, miring many people in debt.
Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Why George Santos faces House expulsion vote
Rep. George Santos, a New York Republican, pleaded not guilty Friday to the latest federal charges against him. Santos is accused of stealing his campaign donors' identities and racking up thousands of dollars in unauthorized charges on their credit cards. CBS News congressional correspondent Scott MacFarlane has the latest on how Congress may react to Santos' legal woes.
Retail credit card APRs rise to record highs, topping 30%
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
Credit card APRs are surging ever higher. Here's how to get a lower rate.
More than a third of credit cards now carry APRs of nearly 30%. But to get a lower rate, often all you have to do is ask.
Consumer groups says Mastercard is selling cardholders' data without consent
Customers don't realize what the nation's second-largest credit card issuer is doing with their personal data, according to PIRG report.
Republican lawmaker proposes 18% cap on credit card interest rates
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
Are medical credit cards worth it?
More Americans are turning to medical credit cards as they struggle to pay for medical bills, according to a new survey from the Consumer Financial Protection Bureau. CBS News MoneyWatch associate managing editor Aimee Picchi explains how the cards could impact your credit.
New York Fed: Loan rejection rates rising
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
House GOP's new funding bill to avoid shutdown fails in fast-track vote
House Republicans are trying to pass a new plan to keep the government funded through the spring.
Luigi Mangione faces federal murder, stalking charges in killing of UnitedHealthcare CEO
Luigi Mangione faces four new federal charges, including murder, which could make him eligible for the death penalty. He is also facing multiple state charges.
How a U.S. government shutdown could impact your benefits and services
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, Dec. 21, 2024. Here's what could be impacted.
Trump shakes up spending talks with call to eliminate debt ceiling
President-elect Donald Trump Trump said lawmakers should oppose any sweeping spending measure that includes "traps" and abolish the debt limit before he takes office next year.
IRS whistleblowers jab at Hunter Biden pardon in lawsuit filing against his lawyer
Two IRS agents have accused Hunter Biden's lawyer of defamation.
Georgia appeals court removes Fani Willis from Trump 2020 election case
President-elect Donald Trump was charged in a sprawling racketeering case related to the 2020 election.
FAA bans drones over New Jersey towns, New York infrastructure sites
The mysterious drones seen flying over New Jersey and several other East Coast states have prompted a ban from the FAA.
Communities facing air pollution threats worry about EPA rollbacks under Trump
In the U.S., the biggest polluters are often concentrated in underserved, mostly minority communities.
Cuomo sues woman who accused him of sexual harassment for defamation
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
U.S.
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In Alaska, Santa's helpers work around the clock to deliver holiday packages
During the holidays, there are 33 delivery planes a day which fly in and out of Anchorage, Alaska, carrying about 80,000 packages.
Communities facing air pollution threats worry about EPA rollbacks under Trump
In the U.S., the biggest polluters are often concentrated in underserved, mostly minority communities.
Officials say mystery drones are not tracking missing radioactive material
The viral theory circulated even after the material was recovered last week.
Deportations by ICE jumped to 10-year high in 2024, surpassing Trump-era peak
ICE deported more than a quarter-million unauthorized immigrants in fiscal year 2024, the highest tally in a decade.
Norovirus outbreaks reported on 3 cruise ships this month
Just over 300 passengers and crew members fell ill during norovirus outbreaks on three cruise voyages in December.
MoneyWatch
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He went in for a colonoscopy. The hospital charged $19,000 for two.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Big Lots is planning "going out of business" sales at all of its stores
The bankrupt discount retail chain plans to liquidate after a deal with a prospective buyer collapsed.
Frito-Lay recalls some Lay's chips over "life-threatening" allergy risk
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Capybaras are the "it" animal inspiration for toys this holiday
The large semi-aquatic South American relative of the guinea pig is having a big moment.
How a U.S. government shutdown could impact your benefits and services
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, Dec. 21, 2024. Here's what could be impacted.
Politics
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Biden's top hostage envoy in Syria to ask for help in finding Austin Tice
Hostage envoy Roger Carstens is in Syria making the first known in-person U.S. in-person contact with the caretaker government and seeking help in finding missing American Austin Tice.
Deportations by ICE jumped to 10-year high in 2024, surpassing Trump-era peak
ICE deported more than a quarter-million unauthorized immigrants in fiscal year 2024, the highest tally in a decade.
Cuomo sues woman who accused him of sexual harassment for defamation
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
Manchin predicts Senate will go along with House on shutdown negotiations
West Virginia Sen. Joe Manchin told "Face the Nation with Margaret Brennan" he expects the tense negotiations on funding the government will end without a shutdown.
IRS whistleblowers jab at Hunter Biden pardon in lawsuit filing against his lawyer
Two IRS agents have accused Hunter Biden's lawyer of defamation.
HealthWatch
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He went in for a colonoscopy. The hospital charged $19,000 for two.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Frito-Lay recalls some Lay's chips over "life-threatening" allergy risk
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
"Sleepmaxxing" trend has young adults optimizing their sleep
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
Liquid-burning firepits behind 2 deaths, dozens of injuries, fed agency warn
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
Latest on H5N1 bird flu outbreak
A Louisiana patient is critically ill with severe respiratory symptoms from H5N1 bird flu, marking the 61st U.S. human case this year. California has declared a state of emergency. CBS News medical contributor Dr. Celine Gounder explains the public health risks.
World
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Biden's top hostage envoy in Syria to ask for help in finding Austin Tice
Hostage envoy Roger Carstens is in Syria making the first known in-person U.S. in-person contact with the caretaker government and seeking help in finding missing American Austin Tice.
Rare look inside Gaza shows challenges of humanitarian crisis
In a rare moment of access to the war-ravaged Palestinian territory, CBS News visited a critical aid distribution center just inside the Gaza Strip.
Quirky Guinness World Records of 2024 include a skateboarding cat
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
Putin laments top general's killing, says he'll meet Trump "any time"
Russia's Vladimir Putin, in his annual marathon news conference, laments "serious blunders" by his security forces and says he'll meet Trump "any time" about Ukraine.
2 highway crashes in Afghanistan leave dozens dead, dozens more hurt
Two highway crashes in southeastern Afghanistan killed a combined total of 50 people and injured 76, a government spokesman says.
Entertainment
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Alicia Keys surprises students at her former high school
The 16-time Grammy winner returned to the Professional Performing Arts School in New York, where she first began her career, and shares advice with current students.
Quirky Guinness World Records of 2024 include a skateboarding cat
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
Apollo Theater honored by Kennedy Center
For 90 years, the Apollo Theater has shaped American culture, launching icons like James Brown and Aretha Franklin. This year, it became the first institution honored by the Kennedy Center, cementing its legacy as a hub of innovation.
Alicia Keys surprises students at alma mater
Sixteen-time Grammy winner Alicia Keys celebrates her Broadway musical "Hell's Kitchen" earning a Grammy nomination for Best Musical Theater Album. In an exclusive interview, she revisits her alma mater to honor the teacher who inspired her and surprises students.
Inside Variety's acclaimed "Actors on Actors"
Since 2014, Variety's "Actors on Actors" has showcased one-on-one conversations between Hollywood stars, offering unique insights into their craft. Co-editor-in-chief and executive producer Ramin Setoodeh joins us to discuss the series' impact.
Technology
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Technology
Supreme Court agrees to hear case about TikTok ban
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Teen victim of deepfake porn urges Congress to pass "Take It Down Act"
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
Supreme Court to decide on future of TikTok
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA: Lithium battery fires on flights now occur nearly twice a week
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Science
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Science
EPA tackling pollution in at-risk communities
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
"Murder hornets" eradicated in the U.S., agriculture officials say
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
Coal use hitting record in 2024, which is likely hottest year yet, report says
World coal use is set to reach an all-time high in 2024, the International Energy Agency says, in a year all but certain to be the hottest in recorded history.
How climate change impacted 2024
From record-breaking temperatures to devastating disasters, 2024 brought the world closer to the reality of what climate change looks and feels like. CBS News national environmental correspondent David Schechter reports.
Bronze-Age Britons were cannibalized after massacre, research shows
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
Crime
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Crime
Trump's impact on Republicans in 2024
CBS News chief Washington correspondent Major Garrett analyzes President-elect Donald Trump's influence on his party and how it will impact the next four years. Garrett also breaks down Democratic losses and political polarization in the U.S.
New details on Madison school shooting suspect
The 15-year-old shooter who killed two people at a Wisconsin school Monday was found to have been in contact with a California man plotting his own attack, according to authorities and court documents. CBS News' Ian Lee has more.
What to know about Mangione's extradition
The man accused of killing UnitedHealthcare CEO Brian Thompson, Luigi Mangione, is in New York City where he faces federal murder charges. He was extradited from Pennsylvania on Thursday. CBS News crime and public safety unit coordinating producer Anna Schecter has more.
Mangione appears in New York federal court
The suspect in the slaying of UnitedHealthcare CEO Brian Thompson appeared in a federal courtroom Thursday in New York after being extradited from Pennsylvania. Along with the state charges, he now also faces federal murder charges. Lilia Luciano has details.
Luigi Mangione appears in federal court
Luigi Mangione, the suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson, appeared before a federal judge Thursday in New York. CBS News' Anna Schecter has more.
Space
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Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Summer music heats up 2024
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.
Latest CBS News Videos
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Latest CBS News Videos
Delivering Tomorrow: talabat's Evolution in the Middle East
From a startup to a transformative tech leader, discover how talabat champions innovation, sustainability, and community connections in the MENA region
"CBS Evening News" headlines for Dec. 19, 2024
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
Trump-backed spending bill fails in House vote
A new government funding bill proposed by Republican lawmakers and supported by President-elect Donald Trump failed Thursday in a House vote after a previous bipartisan agreement was scuttled Wednesday amid opposition from Trump. A Friday midnight deadline is looming to pass the bill, known as a continuing resolution, in order to avoid a government shutdown. Nikole Killion has the latest from Capitol Hill.
Trump's impact on Republicans in 2024
CBS News chief Washington correspondent Major Garrett analyzes President-elect Donald Trump's influence on his party and how it will impact the next four years. Garrett also breaks down Democratic losses and political polarization in the U.S.
Why Trump, Ramaswamy are fighting remote work
President-elect Donald Trump said he will challenge a Biden-era deal allowing federal employees to work hybrid or remotely through 2029. Indeed Hiring Lab economist Allison Shrivastava joins "The Daily Report" to discuss why.