Page Updated: Wednesday, May 08, 2024 10:26 PM ET

CBS News - Business

Latest CBS News Videos - What Biden needs to do to win Pennsylvania - The Biden campaign continued its focus on abortion rights Wednesday, with Vice President Kamala Harris speaking on the issue near Philadelphia. The stop comes as CBS News polling finds the presidential race is neck and neck in the Keystone State. Pennsylvania State Rep. Malcolm Kenyatta, Biden campaign adviser, joins "America Decides" to discuss. 1H ago - 06:08

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U.S. reviewing planned Israel weapons sales -- The Biden administration says it paused a shipment of bombs to Israel last week because of concerns that the Israeli military could use them in Rafah where more than one million civilians are sheltering. CBS News national security correspondent David Martin has the details.

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Examining the rise of 6-week abortion bans -- Seventeen states in the U.S. now ban abortions after six weeks of pregnancy or sooner, with some exceptions. Elizabeth Dias, national religion correspondent for The New York Times, joins "America Decides" to explain the history of six-week abortion bans and their increasing visibility.

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Public school leaders grilled on antisemitism -- The leaders of three large public school districts faced questions Wednesday from a House panel about antisemitism. They denied allegations they let the incidents run rampant at their schools. CBS News congressional correspondent Nikole Killion has details on the hearing.

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Microsoft: More workers are adopting AI -- A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.

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Rents are rising far faster than wages, especially in these U.S. cities -- The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.

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1 in 24 New York City residents are millionaires, more than any other city -- If it feels like everyone in New York City is richer than you, it might be because they probably are.

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Are Americans losing their taste for Starbucks? "The whole concept got old," one customer said. -- Starbucks, once one of America's most cherished brands, is in a rut. Even long-time former CEO Howard Schultz is worried. -- May 7

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Victorinox says it's developing Swiss Army Knives without blades -- Victorinox, the maker of the Swiss Army Knife, says it's in the early stage of working on new products without knives.

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Hyundai finance unit accused of illegally seizing U.S. soldiers' cars -- Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.

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Hy-Vee, Schnucks recall cream cheese spreads due to salmonella risk -- Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.

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The federal government can do more about home costs than you think -- The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.

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FTX files plan to fully reimburse customers it defrauded of billions -- FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.

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Panera to stop selling Charged Sips caffeinated drinks at center of lawsuits -- Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits. -- May 7

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Surprising HELOC costs to know (and how to avoid them) -- Want to tap into your home equity with a HELOC? Make sure you know how to avoid these extra costs before borrowing.

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How to choose the right HELOC when rates are high

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What are today's home equity loan and HELOC interest rates?

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3 GREAT WAYS SENIORS CAN GROW THEIR CASH NOW -- Seniors looking to securely grow their bottom line should pursue these three options right now.

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These 3 precious metal investments make sense right now, experts say

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Will gold's price fall in May? What to consider now

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15 savings account rates that far outpace inflation this May -- Want to earn big returns on your savings? These accounts offer APYs that outweigh today's 3.2% inflation rate.

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3 SAVINGS MOVES TO MAKE BEFORE THE NEXT INFLATION REPORT

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What are today's savings interest rates?

11 months ago

Tesla sales drop as competition in electric vehicle market heats up -- Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.

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Virtual valentine: People are turning to AI in search of romance -- The generative artificial intelligence boom has led to the emergence of romantic companion bots.

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Apple halting Apple Watch Series 9 and Ultra 2 sales. Here's why. -- Apple said it will stop selling the devices later this month in order to comply with a U.S. import ban.

4 months ago

Elon Musk restores X account of far-right conspiracy theorist Alex Jones -- Alex Jones, the conspiracy theorist known for his fake news site InfoWars and his false denial of the Sandy Hook massacre, was permanently banned from Twitter in 2018.

4 months ago

Think twice before scanning a QR code - here's why -- More than 90 million consumers will scan a QR code this year. But the technology can also facilitate identity theft.

4 months ago

Elon Musk says advertiser boycott at X could "kill the company" -- The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."

5 months ago

OpenAI says Sam Altman returning as CEO days after board sacked him -- OpenAI co-founder Sam Altman says he's looking forward to returning to the company, with the support of Microsoft's CEO, to build the 2 companies' "strong partnership."

5 months ago

Elon Musk says X will donate ad, subscription revenue tied to Gaza war -- Musk, who is under fire for supporting an antisemitic post, said the money will be donated to hospitals in Israel and to the Red Cross in Gaza.

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Microsoft hires Sam Altman 3 days after OpenAI fired him as CEO -- Altman landed at Microsoft, the biggest investor in OpenAI, as former Twitch leader Emmett Shear was named OpenAI's new chief executive.

5 months ago

This small U.S. town is considered the best place to retire. Here's why. -- With a relatively low average monthly cost of living and a low crime rate, this little-known town has a lot to offer retirees according to one report.

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Two-thirds of boomers nearing 65 don't have enough saved for retirement -- The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.

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Here's how much Americans say they need to retire -- Americans are underprepared for retirement, with the average account holding just $88,400 in savings.

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America's retirement age of 65 is "crazy," BlackRock CEO says -- BlackRock CEO Larry Fink said that longer life expectancies are "putting the U.S. retirement system under immense strain."

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Some Americans want a 40-year retirement. Can they afford it? -- About 1 in 8 workers think they'll retire by age 61. But the reality of saving for decades of expenses is daunting.

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