Consumers spent $5.6 billion on Thanksgiving Day — but not on turkey
Americans shelled out billions to buy clothes, electronics, jewelry and toys — including robot vacuums and tablets.
Khristopher J. Brooks writes about business, economic and financial topics for CBS News and CBS MoneyWatch. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy. Brooks' journalism career started in 2006 as a business and education reporter for the Bristol (Va.) Herald Courier. Before coming to CBS MoneyWatch, Brooks covered startups and entrepreneurship for the Rochester Democrat & Chronicle and local government for Newsday. He holds a bachelor's degree in journalism from Central Michigan University and a master's degree in literary reportage from New York University.
Americans shelled out billions to buy clothes, electronics, jewelry and toys — including robot vacuums and tablets.
Federal regulators say early termination fees often prevent American consumers from choosing the TV service they want.
Although baby boomers have the most socked away for retirement, many Americans are likely to fall short of their savings goal.
Regulators said Toyota Motor Credit tacked on insurance costs to car loans and made customers "run through obstacle courses" to cancel them.
With homeownership costs increasingly unaffordable, millions of people are instead renting their piece of the American Dream.
Consumers can expect modestly lower costs to prepare their Thanksgiving Day meal — here's why.
Ronald Glen "Big Baby" Davis and Will Bynum were among those convicted of healthcare fraud and wire fraud conspiracy.
Workers at some Ford, GM and Stellantis plants are opposing the UAW's tentative agreement. "This is not a clean sweep," one. labor expert said.
ESPN Bet, which will be available online and through a mobile app, faces entrenched competitors in DraftKings and FanDuel.
Three foreign automakers have announced significant pay hikes for their workers since the UAW struck a deal with Detroit's Big 3.
Nerf toys and Cabbage Patch Kids are among among the latest entrants into the National Toy Hall of Fame, while Barbie's pal misses out.
Federal financial regulators allege that Citi denied credit card applications from Americans of Armenian descent.
Gas prices are now below $3 a gallon in eight states, and drivers in other parts of the country could also see cheaper fuel costs.
Nike alleges that New Balance and Skechers are using Nike-owned technology on its shoes without proper consent.
The interest rate on Series I savings bonds now tops 5%, although as investments they're not right for everyone.