Stocks soar after Democrats take control of Congress
The Dow surged more than 1,200 points, while other stock indexes jumped as investors digested the impact of the midterms.
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Stock market surges after Democrats' midterm wins
The stock market surged Wednesday morning after Democrats were projected to take control of Congress after decisive wins in battleground states. Kelly O'Grady breaks it down.
Where in the U.S. are homeowners most at risk of extreme weather?
Flooding, hurricanes and convective storms are expected to drive the most housing market losses across the U.S. in the coming years, new analysis finds.
JetBlue hikes baggage fees for the second time this year
Airlines have raised baggage fees and ticket prices to help offset the surging cost of jet fuel this year.
Google will block search access for schools that ban AI use
New York City Mayor Zohran Mamdani and other critics are accusing Google of trying to pressure U.S. schools to use AI.
How Wall Street analysts think the midterms could affect stocks
Despite the political drama surrounding U.S. elections, stocks have historically risen following midterms, market data shows.
New Jersey's governor warns ports against accepting Russian diesel
New Jersey Gov. Mikie Sherrill said ports and terminal operators receiving shipments of Russian diesel could face criminal penalties.
The Awkward Money Talk Every Friend Group Needs | Money Moves with Jill Schlesinger
Traveling with friends anytime soon? You might want to have "the money talk" before hand… In this episode, Jill and Mark are breaking down the must-have conversations you should have before you plan your group travel. Plus, callers Anna and Nick are suffering from burnout—what's next?
Snap settles social media addiction lawsuit, averting trial
Snap joins Alphabet, Meta and TikTok in resolving allegations that its social media platform was designed to encourage addictive behavior.
Binance customers withdraw $7.42 billion after crypto heist
Binance said the net outflow from the cryptocurrency exchange represents just 3% of its total holdings.
Marvell to acquire Lumentum in $115 billion AI connectivity deal
Marvell Technology said megadeal for Lumentum will help the merged company serve the growing market for AI data centers.
Binance resumes withdrawals for some cryptocurrencies after heist
The exchange said it would resume withdrawals in phases, pending security checks.
Drivers in Texas turn to alternative car repairs as costs rise
With gas prices climbing and new cars costing more than $50,000 on average, many drivers are looking to keep their older vehicles on the road longer. But mom-and-pop garages are becoming harder to find, and dealership repairs can be expensive. Mark Strassman reports on an alternative.
How hard is it to recover the $6 billion stolen from Binance?
Security experts are calling it the "largest bank robbery in human history." Getting all of the stolen crypto funds won't be easy.
Meta settles social media addiction lawsuit, averting trial
Two plaintiffs alleged that Meta and Snap designed their social media platforms to foster addictive behavior.
Medline electric beds pose fire hazard after 2 deaths, FDA warns
The medical equipment supplier's motorized beds can overheat and cause fires, regulators said in an urgent alert to consumers.
Nasdaq sheds more than 700 points as tech stocks slump
Disappointing earnings reports from Alphabet, Amazon and Intel renewed fears on Friday that the AI trade could unravel.
$6.3 billion Binance hack likely work of North Korea, experts say
A cyberattack on Binance, the world's largest crypto exchange, was likely carried out by North Korea, according to a blockchain intelligence firm.
Millions of French press coffee makers recalled due to burn risk
Product safety regulators said the glass carafes can unexpectedly break if they are damaged or cracked, leading to burn injuries.
Midterm elections put Social Security funding gaps on the ballot
With Social Security's main trust fund on course to be depleted in 2032, Congress will face mounting pressure to find remedies and avert benefit cuts.
AI deepfakes pose risks to consumers and voters, experts warn
"When you can't tell what's legitimate, you question everything," said one cybersecurity expert focused on political campaigns.
DoorDash gobbles up Instacart in $17 billion deal
DoorDash's purchase of Instacart for $65 per share will unite two of the country's largest grocery and food-delivery companies.
The Expensive Mistake You're Making During Open Enrollment | Money Moves with Jill Schlesinger
It's open enrollment season, gang! If you're anything like producer Emma, choosing your healthcare plan and benefits might make your head spin. Good news: Jill and Mark are breaking down everything you need to know when choosing a plan.
Caregivers face soaring costs, taking a toll on income and jobs
Caregivers spend an average of $11,500 per year looking after an aging parent, relative or friend, up roughly 60% since 2021, according to AARP.
Apple's first foldable phone broke within hours, some owners say
"I didn't even make it through setup," one consumer said after his new iPhone Duo cracked shortly after he bought it.
Fed holds interest rates steady even as inflation remains high
The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.
Jury selection begins in Meta, Snap social media addiction case
The plaintiffs allege that features on the companies' social media platforms, like endless scrolling, kept them hooked and harmed their mental health.
What's in Walmart's $3.50 per person "holiday meal basket"?
Walmart touts its holiday dinner kit this year as offering more food for less money. Read on to see what items are included in the meal.
U.S. cruise ship suspends around-the-world voyage due to fuel costs
The U.S. cruise ship MV Odyssey suspended its three-year, around-the-world voyage in Cambodia due to fuel costs, forcing hundreds of passengers to disembark.
These jobs saw the biggest jump in pay in recent years
New analysis breaks down which industries saw the largest wage growth and hiring gains in recent years.
Anthropic's IPO lists 93 pages of risks. What could go wrong?
Anthropic's planned IPO requires investors to reckon with the threat posed by AI. "This is not an ordinary technology risk," one expert said.
High airfares are weighing on Thanksgiving travel plans this year
Average fares for the Thanksgiving holiday were up 31% in August from a year ago, according to aviation pricing data.
Avoiding holiday season debt
Business analyst and certified financial planner Jill Schlesinger shares tips on avoiding debt during your holiday shopping season.
Til Death (or Retirement) Do Us Part | Money Moves with Jill Schlesinger
How do you plan for not just one retirement, but two? Jill and Mark break down the financial planning every age-gap couple needs to consider. Plus, when should you fire your financial planner?
TikTok parent ByteDance's founder is China's richest person again
The founder of Tiktok parent ByteDance, Zhang Yiming, reclaimed the top spot on a list of China's richest people, driven by his company's push into AI.
Is the Federal Reserve likely to raise interest rates today?
Fed officials will unveil their latest interest rate move this week, following the September rate hike, the first in three years.
Dollar General overcharged people at checkout for years, FTC says
The discount retailer routinely charges customers more at checkout than the prices it displays on shelves, price tags and ads, according to federal and state authorities.
Microsoft offers buyouts to 60,000 workers as it invests more in AI
Roughly a quarter of Microsoft's workforce will be eligible for a "voluntary exit offer" as the company tries to shed workers.
Consumers face scarier Halloween costs this year. Here's why.
Americans are forecast to spend a record $13.5 billion on Halloween this year, with the average consumer shelling out hundreds of dollars.
Anthropic files for IPO as it competes for AI dominance
Anthropic, which developed the Claude chatbot, is barreling ahead with its public offering despite mounting concerns about AI going rogue.
Betting companies cap winners while lavishing losers with rewards
As online sports betting companies offer extravagant perks to customers who are losing large sums of money, there are also questions about how they treat their biggest winners.
Thousands of American restaurants closing over rising costs, declining sales
In the first six months of 2026, more than 7,500 restaurant locations have closed nationwide. Mark Strassmann reports that rising costs and declining sales are forcing some to make tough decisions.
Arian Simone on her "Fearless Fund" and the battle to support Black women entrepreneurs
Arian Simone built the "Fearless Fund," a venture capital fund intended to support women of color. Simone details her legal battle to keep the fund alive and shares more about her book "Fearless Freedom: A Manifesto for Unlocking Wealth and Equality for All."
Medicare Advantage plans cut for 1 million seniors, insurers say
Two of the largest private insurers are discontinuing some Medicare Advantage plans amid higher costs and a spike in utilization.
AI could take your job. Here's how Congress wants to help workers.
Sen. Ron Wyden on Friday introduced a bill that would double unemployment benefits to 52 weeks if the jobless rate jumps.
AI agents detected inside customer bank accounts, report says
Banks have detected personal AI agent activity inside customers' accounts as experts warn about the risks of oversharing with AI.
Trump says new fuel supply push will lower prices. Will it work?
The Trump administration said using the DPA funding will increase refining output and lower fuel prices for Americans. Experts are skeptical.
The Points Guy shares tips to maximize your money
A new report finds some customer loyalty programs can give consumers up to 25% back on purchases. Brian Kelly, also known as The Points Guy, shares his tips to make your money stretch further.
Anthropic previews Claude Duet personal AI agent for subscribers
Anthropic said Claude Duet is only available by waitlist as a research preview for paying subscribers. Here's what it can do.
What to know about ACA open enrollment this year
As open enrollment for Affordable Care Act health insurance kicks off, consumers face rising premiums, additional identity checks, and fewer brokers.
More people now use GLP-1s to lose weight than for other health issues
Growing usage of GLP-1 drugs for weight loss is reshaping how consumers shop for food and clothes, according to consulting firm EY-Parthenon.
Public Service Loan Forgiveness overhaul dropped, filing shows
Advocates for student loan borrowers said the move will benefit workers who dedicate themselves to public service.
Nasdaq dives 750 points as investors reassess AI spending
Investors are fretting over the massive debt AI companies are relying on to finance data center and chip spending, Wall Street analysts say.
Hegseth bans use of nonpublic info for bets on U.S. military ops
Defense Secretary Pete Hegseth said the ban applies to classified and unclassified information and includes prediction markets such as Polymarket and Kalshi.
Airbnb limits guest chores like laundry, drawing host backlash
The new policy prevents hosts from asking guests to strip beds, start a load of laundry and other tasks that "require significant effort or time."
What to know about the PHP bug affecting 70% of world's websites
AI was used to uncover a security weakness that affects most of the world's websites, researchers said. Here's what internet users should know.
Finance expert shares her top tips on open enrollment
Business analyst and certified financial planner Jill Schlesinger joins "CBS Mornings" to offer her top tips for making the most of your open enrollment period.
Mark Zuckerberg threatened to leave California over wealth tax
Zuckerberg has agreed to remain in California for eight years as part of a board-approved plan to create new shares he can sell to pay a proposed wealth tax.
Warren warns of "food insecurity crisis" from SNAP cuts and prices
Sen. Elizabeth Warren is urging the U.S. Department of Agriculture to reverse cuts to the food-stamp program as consumers shoulder $22 billion in additional food costs.
This teacherless school says AI can teach students in 2 hours a day
Alpha Schools says its AI-based instruction and focus on developing "life skills" set students up for success. Some experts say it's too good to be true.
How History Can Inform Your Financial Planning | Money Moves with Jill Schlesinger
It's time for a history lesson, gang! Personal finance has changed a lot over 300 years of American history, but some beliefs about money and markets may be timeless. On this episode, Jill and Mark break format for a special interview with historian and author, Joseph Moore. You won't want to miss Joseph's unexpected…
Childcare costs are growing faster than rent in the U.S.
A growing share of American families are having to shell out more than $2,000 a month for childcare services, new data shows.
Meta ordered to pay $25 billion to New Mexico in data privacy ruling
A jury found that the social media company had deceived consumers for years about its data privacy policies.
Musk says SpaceX-Tesla merger has "a lot of merit." Here's why.
Combining SpaceX and Tesla, whose stocks jumped after Musk said the companies are exploring a deal, would be the biggest corporate merger of all time.
Electricity bills force 1 in 5 to cut back on food, survey finds
Americans living on a fixed income are particularly vulnerable when electricity costs surge, a Consumer Reports expert says.
Amazon to hire 300,000 workers for seasonal jobs this year
The online retailer plans to sharply boost its hiring for the holiday season this year. Here's what kind of positions they're looking to fill and how much they pay.
Walmart introduces discounted joint membership with Sam's Club
Amid stubbornly high inflation, the retailer is offering a combined Walmart+ and Sam's Club Plus membership for $120 a year.
How concerned should Trump be over economic woes?
President Trump has faced backlash along the midterms campaign trail over his handling of the economy. Kelly O'Grady breaks it down.
Trump announces $8 billion in diesel relief for U.S. farmers
The USDA said farmers don't need crop insurance to qualify and can prepare to apply by creating a Login.gov account.
Are You Smarter Than a High Schooler? | Money Moves with Jill Schlesinger
Could you pass the AP Business with Personal Finance Exam? In this episode, Jill, Mark, and special guest AJ Ayers put their financial knowledge to the test with sample exam questions to find out. Plus, how many bank accounts do you need? Let's break it down.
Should you trust personal AI agents? What security experts say.
The more access you give personal AI agents, the more capable they can be. But should you trust them?
California billionaire tax could backfire, Stanford study says
A new analysis from Stanford economists cautions that enacting a billionaire tax could have unintended consequences.
Elon Musk pledges to give a SpaceX share to every U.S. child
The SpaceX CEO wrote on social media on Monday that the gift "will be the first of many."
In Michigan, consumer sentiment is pessimistic before midterms
Due to high fuel and housing costs, and wages that aren't keeping pace with inflation, consumer sentiment is lower than at almost any other time in modern history. CBS News spoke with Michiganders to find out how the economy is playing on the minds of voters.
2026 Midterms: How is consumer sentiment affecting voters?
Due to high fuel and housing costs, and wages that aren't keeping pace with inflation, consumer sentiment is lower than at almost any other time in modern history. With the 2026 midterm elections just weeks away, CBS News chief White House correspondent Nancy Cordes traveled to Michigan to find out how the economy is…
California's proposed billionaire tax: How does it add up?
California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. "Sunday Morning" examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it.
California's Proposition 40: A tax on billionaires
California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. Correspondent Jo Ling Kent examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it.
10/18: Sunday Morning
Hosted by Jane Pauley. Featured: California's Proposition 40; singer Rosalía; actor John Turturro; "Elsbeth" star Carrie Preston; "Other Desert Cities" on Broadway; the legacy of Jackson Pollock and Lee Krasner; consumer sentiment at the midterms; and a frog-jumping contest.
ChatGPT led to man's mental health crisis, lawsuit alleges
OpenAI's ChatGPT platform violated California law in advising a man on treatment for his mental health struggles, according to a lawsuit.
Tech stocks tumble as AI debt fears rattle Wall Street
Wall Street is pulling back from chipmakers and other tech companies amid concerns about the debt incurred to build out AI.
iPhone Duo already backordered until 2027 as pre-order sales soar
Consumer demand for Apple's first foldable phone is strong despite the device's hefty $1,999 price tag.
Who would oversee a flying car? We asked the DOT.
Tesla and SpaceX CEO Elon Musk unveiled Tesla's new Roadster Rocket, which he called a "flying car" equipped with "ultra high-pressure air tanks."
Looking for a pay bump? A "nondegree credential" can help.
So-called nondegree credentials can significantly boost worker pay, Census data shows. Here's what to know.
With Tesla Roadster debut, Elon Musk shows "flying cars are real"
Elon Musk unveiled Tesla's new Roadster, which uses high-pressure air thrusters to leave the road entirely during a livestreamed event at his SpaceX facility in Texas.
More workers are skipping doctor's visits over money worries
Roughly a third of employees said they put off or skipped medical or dental care in the past year because of financial concerns, a new survey found.
Amazon launches new AI devices that can listen and take notes
The products include a silicone wristband that can be clipped to clothing and a device that magnetically attaches to the back of a phone.
Unpacking the most recent inflation data
CBS News business analyst Jill Schlesinger breaks down the key points on the most recent CPI data and how inflation may continue to impact your wallet.
FTC issues subpoenas to Anthropic and OpenAI over safety incidents
The demands come amid mounting public concerns about the potential risks posed by frontier AI models.
Make Art & Make Money: Financial Planning for Creatives, with AJ Ayers | Money Moves
We've got a special guest, gang! AJ Ayers, author of "Creative Money: New Financial Rules for Artists, Innovators, and Misfits," joins Jill and Mark to share practical money advice for anyone who feels the financial system wasn't built for them. You won't want to miss this episode — or AJ's book!
Trump insists inflation is low as CPI report shows a 3.7% increase
President Trump hunted for silver linings in the higher-than-expected September inflation numbers. The surge in prices was fueled by a 9% month-over-month jump in gas prices. Nancy Cordes reports.
Data center builder offers Kansas town residents $10,000
Digital Realty is offering utility and property tax credits to residents of De Soto, Kansas, in a bid to win public support for a data center facility.
U.S. banks dropped customers over political views, regulator says
The Office of the Comptroller of the Currency said nine of the top U.S. banks "debanked" customers over their political or religious views.
On dating apps, men use AI to put their best face forward
How much AI is too much when it comes to finding love on the apps? "It's very subtle," one dating app user said of his AI-enhanced photos.
Inflation climbs in September as energy prices soar, CPI report shows
U.S. inflation rose higher than economists predicted amid high energy prices, the most recent Consumer Price Index report shows. Axios markets reporter Matt Phillips shares his thoughts.
Netflix cutting workforce as its revenue growth slows
The layoffs will affect the company's product, tech, legal and HR teams, Netflix leaders said in a memo to employees.
Social Security announces cost-of-living increase for 2027
The 2027 cost-of-living adjustment is the largest since 2023. Here's how it will impact the typical benefit check starting early next year.
Inflation surged in September as U.S. energy costs jumped
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
OpenAI employee arrested for allegedly bugging conference room
U.S. federal agents have arrested an engineer at OpenAI, the company behind ChatGPT, after the man allegedly planted a listening device inside an executive conference room at headquarters. Jo Ling Kent reports.
ConocoPhillips to slash up to 25% of its workforce — up to 3,200 jobs
Oil giant ConocoPhillips is planning to lay off up to a quarter of its global workforce, amounting to thousands of jobs.
Automation comes to farming, raising concerns among migrant workers
"We don't want to be replaced by machines," said one advocate for immigrant farmworkers.