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Once President-elect Donald Trump takes office in January, an unprecedented number of billionaires will make up his incoming administration. Axios national politics reporter Sophia Cai joins "The Daily Report" to discuss why it is a "big concern."
The second Trump administration is poised to be a powerful ally for the crypto industry. President-elect Donald Trump spoke highly of cryptocurrencies on the campaign trail, and his cabinet picks reflect that, with former PayPal executive David Sacks set to serve as Trump's crypto and artificial intelligence czar. Makena Kelly, senior politics reporter for Wired, joins CBS News to dig into Sacks' background.
President-elect Donald Trump is calling himself the "crypto president," even tapping a former Paypal executive as his "crypto czar." Meanwhile, the value of one Bitcoin is right around $100,000 — but the digital currency continues to raise questions and concerns. One museum exhibit, focused on the largest crypto seizure in U.S. history, is trying to provide some answers.
PayPal is making a major investment in its crypto strategy, introducing its own stablecoin called PayPalUSD or "PYUSD." Stablecoin is a type of cryptocurrency with its value tied to another commodity, in this case, the U.S. dollar. Hannah Lang, financial technology correspondent at Reuters, joined CBS News to talk about the new offering.
Getting paid through online apps like Venmo or PayPal has become commonplace. But there are new warnings about the safety of these apps as more people are choosing to keep a running balance and bypass traditional, government-insured banks altogether. Jennifer Streaks, a senior personal finance reporter and spokesperson for Insider, has more.
Financial watchdog urges consumers who keep funds with a digital app to transfer the money to an insured bank account.
The Meta CEO thanked his trainers after notching the wins at a Brazilian jiu-jitsu contest this weekend.
Starting next year, a new IRS rule will require anyone who earned over $600 on payment apps in 2023 to file a 1099-K form.
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
The digital payments company is the latest tech giant to slash jobs, citing a "challenging macro-economic environment."
PayPal is one of the oldest and most widely used digital money transfer services. Here's a guide to the service.
Investors were cheered by Alphabet's strong earnings and its plan to split its stock for the first time since 2014.
The Consumer Financial Protection Bureau is asking Apple, Facebook, PayPal and others about their fintech systems.
The nonprofit U.S. Public Interest Research Group [PIRG] says top issues include scams, trouble using accounts and poor customer service.
Crypto on Venmo is available now for some users while others will get access in coming weeks, the company said.
Ryan asked her Twitter followers for help Thursday afternoon, sharing a link to a PayPal account. By Thursday evening, it was gone.
The social-media giant moved forward with its new digital cryptocurrency despite intense criticism from regulators
A growing number of businesses, including Mastercard, Visa and PayPal, have opted out of the controversial project
Social media giant's plan to develop an alternative payments system has drawn fire from regulators and Congress
Company commits $25 million to program to help federal employees stuck without paychecks in fourth week of D.C. impasse
From PayPal to electric cars to rockets, billionaire entrepreneur Elon Musk wants his company, SpaceX, to build America's next manned spacecraft
Online payment service is the latest tech company to prohibit conspiracy theorist barred by Twitter just weeks ago
Husband notified the online payments company of his wife's death, only to get a rude surprise
"Active Shooter" is branded as a "SWAT simulator" that lets players choose between being an active shooter terrorizing a school or the SWAT team responding to the shooting
Company says evidence of "unauthorized access" at TIO Networks appeared during a recent investigation
A new path forward remains unclear as Congress lurches toward Friday night's deadline.
UnitedHealthcare CEO murder suspect Luigi Mangione is back in New York after waiving extradition in Pennsylvania.
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.
Gisèle Pelicot said she had no regrets, but hope for the future after a judge sentenced her ex-husband to 20 years in prison for drugging and raping her for years.
President-elect Donald Trump was charged in a sprawling racketeering case related to the 2020 election.
Kevin Underwood, who killed 10-year-old Jamie Rose Rolin in 2006, died by lethal injection in Oklahoma. It was the 25th and final U.S. execution this year.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
The large semi-aquatic South American relative of the guinea pig is having a big moment.
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.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
The large semi-aquatic South American relative of the guinea pig is having a big moment.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
U.S. stocks are stabilizing following one of their worst days of the year.
Teamsters union says Amazon workers at seven warehouses plan to walk off the job Thursday morning in multiple states.
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.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
After a Republican revolt led by Elon Musk and Donald Trump torpedoed a plan to fund the government, a new path forward remains unclear as Congress lurches toward Friday night's deadline.
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
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.
Advocates say it is discrimination and are arguing for "insurance fairness" on the grounds that people who have joints surgically replaced typically don't face the same kinds of coverage challenges.
Seed oils are making headlines, prompting fears around whether they can have negative effects on your health. Here's what to know.
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
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.
Two highway crashes in southeastern Afghanistan killed a combined total of 50 people and injured 76, a government spokesman says.
"Mayotte is demolished," an airport security agent told President Emmanuel Macron as he arrived in the remote French territory five days after Cyclone Chido.
Officers arrested a woman who was the missing male's partner and another man who was her ex-partner, police said.
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.
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.
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.
The three surviving core members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, talk to Anthony Mason about becoming Kennedy Center honorees, the band's legacy and loyal fans, and the magic of music and songwriting.
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
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.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
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 data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
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.
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.
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
In this episode of “ClimateWatch,” CBS national environmental correspondent David Schechter looks back at the devastating hurricanes, landslides, flooding and more that impacted the U.S. this year.
The suspected gunman in the murder of UnitedHealthcare CEO Brian Thompson, Luigi Mangione, arrived in New York by plane Thursday after waiving extradition in Pennsylvania.
Luigi Mangione, the suspect in the murder of UnitedHealthcare CEO Brian Thompson, has waived extradition and could appear Thursday in front of a New York City judge for arraignment. CBS News correspondent Nicole Valdes was in the courtroom and has more.
Luigi Mangione may also face a federal charge after arriving in New York. This comes after the suspect in the UnitedHealthcare CEO killing waived extradition in Pennsylvania. CBS News' Nicole Valdes reports.
California court documents revealed that the 15-year-old Madison, Wisconsin, school shooting suspect was in contact with a man who was allegedly plotting another attack. This comes as the identities of the two Abundant Life Christian School fatal shooting victims have been revealed. CBS News' Ian Lee reports.
Luigi Mangione, the suspect in the UnitedHealthcare CEO murder case, has waived extradition and is being transported from Pennsylvania to New York. CBS News' Nicole Valdes has more.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
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 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 Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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.
Congress looks poised to shut down the government after House Republicans, spurred on by Elon Musk and President-elect Donald Trump, derailed a spending bill that would have kept the government funded. Nancy Cook, senior national political correspondent for Bloomberg News, joined CBS News to discuss the latest news from Capitol Hill.
One person was killed and four were injured after a freight train crashed into a tractor-trailer, and then it derailed and hit the Chamber of Commerce building in Pecos, Texas, officials said. Three of the cars on the train were carrying potentially hazardous material, but there had been no breach, Charles Lino, Pecos' city manager, said. Authorities are evaluating the incident, the city said, and there is no risk to the public.
The suspected gunman in the murder of UnitedHealthcare CEO Brian Thompson, Luigi Mangione, arrived in New York by plane Thursday after waiving extradition in Pennsylvania.
Luigi Mangione, the suspect in the murder of UnitedHealthcare CEO Brian Thompson, has waived extradition and could appear Thursday in front of a New York City judge for arraignment. CBS News correspondent Nicole Valdes was in the courtroom and has more.
The Texas government is working to implement ways to deter illegal immigration at the U.S.-Mexico border as President-elect Donald Trump prepares to enter the White House with big deportation plans ahead. CBS News' Camilo Montoya-Galvez reports.