Why the "no hire, no fire" job market may no longer be a thing
Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
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Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
The overwhelming use of force is being questioned after a chase in Florida ended with a deadly shootout. Two men who led police on the chase were killed. As Manuel Bojorquez reports, so was a UPS driver who was taken hostage and an innocent bystander.
UPS on Tuesday announced it is planning to cut 20,000 jobs as part of its plan for workforce consolidation.
The Dow Jones closed in the green on Tuesday as President Trump marked 100 days of his second term. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the state of the economy.
CBS News correspondent Nancy Chen tagged along at a UPS training facility with a driver amid the holiday season rush.
UPS workers in Texas are protesting over working conditions related to the scorching heat and the lack of air conditioning in delivery trucks. CBS News Texas' Lacey Beasley reports.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
The Miami-Dade Police Department said it expected four of their officers to be indicted by a grand jury in the fatal shooting of a UPS driver and a bystander in 2019.
The nation's unemployment rate is low, but some big companies are laying off workers and requiring people to return to the office. Guy Berger, director of economic research at the Burning Glass Institute, joins CBS News to assess the state of the labor market.
UPS will lay off 12,000 workers and says it is ordering employees to return to the office five days a week.
With the holiday shipping season in high gear, the concern of lost or stolen packages is of top concern. CBS News' Janet Shamlian went inside UPS World Headquarters to see how the company is using artificial intelligence to combat package thefts.
UPS is using a program called DeliveryDefense to try to cut down on package thefts.
Christmas is less than two weeks away so if you haven't sent your gifts off yet, you're running out of time. CBS News senior transportation correspondent Kris Van Cleave has the details on when you need to ship by.
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
Delivery company driver reporting feeling sick while working his route as temperatures topped 100 degrees.
The Teamsters Union representing UPS workers is set to announce the result of its member vote on a tentative agreement reached with the company. Arthur Wheaton, director of labor studies at Cornell University's School of Industrial and Labor Relations, joined CBS News to discuss the situation.
Under the new contract, UPS workers will get higher wages and job protections like air conditioning.
The carrier's new labor contract will increase full-time drivers' compensation roughly 17% over five years, UPS' CEO said in an earnings call.
UPS and the Teamsters union have reached a tentative deal to avoid a strike. The agreement includes installing air conditioning in delivery trucks. It will also increase wages for full and part-time workers. Abe Eshkenazi, CEO of the Association for Supply Chain Management, joined CBS News to discuss.
The contract, which raises starting pay to $21 and top pay to $49 an hour, still must be ratified by 340,000 members.
UPS and the Teamsters union are set to resume contract negotiations Tuesday in an effort to avert a devastating strike. Their current contract expires July 31. Noam Scheiber, a labor and workforce reporter for The New York Times, joined CBS News to talk about what points the two sides are still trying to find a compromise on.
Negotiations between UPS and the Teamsters Union are set to start up again Tuesday. The union representing 340,000 workers is seeking better pay, particularly for part-time workers. The current labor pact with UPS is set to expire in just one week. Zoe Levin, CEO and founder of sustainable paper essentials company Bim Bam Boo, joined CBS News to talk about how a work stoppage could affect her business.
"With a UPS strike, everyone in America will feel it if it happens," said one expert who pegged the potential economic hit at $5 billion.
It's being called the "hot labor summer." From Hollywood to hotels, workers have been walking off the job -- recent data from Cornell University shows around 119,000 U.S. workers were on strike as of May. Seth Harris, former acting U.S. Labor Secretary in 2013 under then-President Obama, joins CBS News to discuss what's driving the recent wave of strikes and how increased strike activity could affect the economy.
The latest round of negotiations between UPS and the union representing its employees have broken down without an agreement. Unionized employees overwhelmingly voted in favor of going on strike if a deal isn't reached by the end of this month. The general president of the union representing the UPS workers, Sean O'Brien, joined CBS News to talk about the situation.
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
The Supreme Court on Wednesday appeared open to invalidating President Trump's executive order that would end birthright citizenship.
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
A coalition of major Democratic groups sued the Trump administration, seeking to strike down an executive order that would exert more federal influence over mail-in voting — including by creating lists of citizens who are eligible to vote.
The Noem policy meant the secretary was required to personally sign off on thousands of DHS contracts.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
With oil prices rising and hiring already slowing, economists warn the Iran war could further weigh on U.S. job growth.
Hershey said Wednesday it will use classic recipes for all Reese's products starting next year, after getting criticism for changing the popular treats.
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
A coalition of major Democratic groups sued the Trump administration, seeking to strike down an executive order that would exert more federal influence over mail-in voting — including by creating lists of citizens who are eligible to vote.
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
The State Department announced Wednesday that it is modifying the Foreign Service Officer Test to reflect the foreign policy goals of the Trump administration.
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
Indonesia, a vast archipelago of more than 280 million people, sits on major seismic faults and is frequently hit by earthquakes.
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
President Trump says he's considering withdrawing the U.S. from NATO, following years of complaining about the alliance.
Actor and comedian Kenan Thompson joins "CBS Mornings" to discuss his new children's book, "Unfunny Bunny."
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
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 JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
A child was being pushed in a stroller at Moore and Humboldt streets in East Williamsburg on Wednesday when she suffered a gunshot wound to the head, police said.
James Farthing, who won the $167.3 million Powerball jackpot last April, was arrested for a third time since collecting his grand prize. CBS News' Shanelle Kaul has more.
The son of a Maui doctor testified that his father confessed to him over FaceTime to trying to kill his stepmother, Arielle Konig, on a hike last year. Prosecutors allege Gerhardt Konig tried to push his wife off a cliff, attempted to inject her with a syringe and hit her in the head with a rock.
Lawyers for Luigi Mangione, the man charged with the murder of UnitedHealthcare CEO Brian Thompson, are seeking to postpone his federal murder trial. CBS News' Lilia Luciano reports.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back.
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
President Trump addressed the nation about the Iran war Wednesday night, saying that the U.S. would complete its mission there "very shortly." CBS News' Ed O'Keefe remarks on the president's remarks and J.D. Simkins, editor-in-chief of the Military Times and Defense News, joins with analysis.
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
President Trump addressed the nation Wednesday night about the Iran war. Tony Dokoupil anchored CBS News' special report.
President Trump sought to assure Americans that the conflict with Iran would be brief compared to other wars in U.S. history and insisted that gas prices would go down quickly. Nancy Cordes reports.