How to educate your kids about finances
Mellody Hobson, the co-CEO and president of Ariel Investments, discusses why it's important to talk with kids about money and how her childhood experiences helped shape her views.
Credit Cards
Why DOJ says Visa monopolizes debit cards
The Justice Department sued Visa on Tuesday, accusing the credit card business of reaping big profits by shutting out rival payment processors and passing on costs to consumers. CBS News legal contributor Jessica Levinson joins to unpack the antitrust allegations and what they could mean for the credit giant.
Visa monopoly over debit cards hurts consumers and businesses, feds say
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege in a lawsuit.
Here's how the Fed's rate cut could impact your credit card balance
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Looking to save money? Try using cash for these 3 purchases.
With credit card debt reaching a record high, consumers looking to save a few bucks should reacquaint themselves with the virtues of cold, hard cash.
Nearly half of Americans don't know their credit card APRs
Here's how not knowing what your credit card interest rate is can hurt you financially.
New protections for "buy now, pay later" shoppers
The Consumer Financial Protection Bureau announced Wednesday that lenders that offer "buy now, pay later" plans must provide customers with the same protections as those offered to credit card users, including allowing shoppers to demand refunds on returned products or canceled services. Jo Ling Kent has details.
Rules for "buy now, pay later" plans
The Consumer Financial Protection Bureau has announced expanded protections for Americans choosing to use the "buy now, pay later" options to purchase certain goods. CBS News senior business and technology correspondent Jo Ling Kent breaks down the protections.
Judge halts plan to cap credit card late fees
A federal judge in Texas Friday temporarily halted a Biden administration rule that would cap credit card late fees at $8, about a quarter of what they are now. Credit card companies receive about $14 billion in late fee payments per year, according to the Consumer Financial Protection Bureau. Elise Preston has more.
Federal judge blocks White House plan to curb credit card late fees
The banking industry is mounting a last-ditch effort to block a new federal rule that would slash credit card late-payment fees.
Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
Biden administration caps credit card late fees at $8
The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal and unfair pricing practices in essential sectors like groceries, prescription drugs, health care and housing. CBS News business analyst Jill Schlesinger offers an in-depth analysis of what these changes mean for consumers.
Biden announces credit card late fee cap of $8
President Biden on Tuesday announced credit card late fees will be capped at $8, down from around $32. Nikki Battiste has the details.
Capital One-Discover merger: What to know
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
How to save hundreds of dollars on your credit card payments
Many consumers are paying up to $500 more in annual interest than necessary, and credit scores have nothing to do with it.
Your Delta SkyMiles American Express card is getting pricier
The cards will cost more but also offer enhanced benefits, including restaurant and rideshare credits.
56 million credit cardholders have been in debt for at least a year
American consumers' combined outstanding credit card balances hit a record $1 trillion in 2023, miring many people in debt.
Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Why George Santos faces House expulsion vote
Rep. George Santos, a New York Republican, pleaded not guilty Friday to the latest federal charges against him. Santos is accused of stealing his campaign donors' identities and racking up thousands of dollars in unauthorized charges on their credit cards. CBS News congressional correspondent Scott MacFarlane has the latest on how Congress may react to Santos' legal woes.
Retail credit card APRs rise to record highs, topping 30%
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
Credit card APRs are surging ever higher. Here's how to get a lower rate.
More than a third of credit cards now carry APRs of nearly 30%. But to get a lower rate, often all you have to do is ask.
Consumer groups says Mastercard is selling cardholders' data without consent
Customers don't realize what the nation's second-largest credit card issuer is doing with their personal data, according to PIRG report.
Republican lawmaker proposes 18% cap on credit card interest rates
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
Are medical credit cards worth it?
More Americans are turning to medical credit cards as they struggle to pay for medical bills, according to a new survey from the Consumer Financial Protection Bureau. CBS News MoneyWatch associate managing editor Aimee Picchi explains how the cards could impact your credit.
New York Fed: Loan rejection rates rising
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
Judge postpones Trump's New York "hush money" sentencing
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Conor McGregor sexually assaulted woman in hotel room, civil jury finds
The Dublin jury awarded the woman nearly $257,000 for her lawsuit that claimed Conor McGregor "brutally raped and battered" her on Dec. 9, 2018
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Texas approves allowing Bible-based teachings in public grade schools
The State Board of Education heard testimony from over 150 teachers and parents on the matter.
U.S.
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Former cyber czar urges vigilance — "it's not the attackers… it's us"
A new study says 86% of businesses and organizations hit by cyberattacks were targeted on a weekend or holiday.
Soccer star Marta is on the brink of an NWSL title: "Magic moment for me"
After a near-perfect season – they only lost two games and won the NWSL Shield title – the Orlando Pride finished at the top of the table and will play for the championship on Saturday.
U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
2 men convicted of charges tied to human smuggling, Indian family's death
A jury has reached verdicts for two men facing charges in a human smuggling case after an Indian family froze to death at the Canada-U.S. border.
MoneyWatch
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Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Trump's proposed tariffs could raise U.S. grocery prices, analysis finds
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
Politics
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Former cyber czar urges vigilance — "it's not the attackers… it's us"
A new study says 86% of businesses and organizations hit by cyberattacks were targeted on a weekend or holiday.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
Judge postpones Trump's New York "hush money" sentencing
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Replacing JD Vance in the U.S. Senate sets off scramble in Ohio
Sen. JD Vance's election as vice president has opened up one of Ohio's U.S. Senate seats.
HealthWatch
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What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Anti-fraud efforts meet real-world test during ACA enrollment period
The federal government put guardrails in place to limit unauthorized plan sign-ups and switches. But the changes could prove to be a burden to consumers.
Life expectancy gap in the U.S. widens to 20 years: "Truly alarming"
Life expectancy in the United States varies by more than 20 years depending on race and ethnicity and where you live, according to new research.
RFK Jr. weighing FDA crackdown on food additives under Trump
Kennedy's team is weighing a significant rewrite of the FDA's rules.
World
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AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Conor McGregor sexually assaulted woman in hotel room, Irish civil jury finds
The Dublin jury awarded the woman nearly $257,000 for her lawsuit that claimed Conor McGregor "brutally raped and battered" her on Dec. 9, 2018
Frenchman jailed for teen daughter's rape, inviting others to join abuse
A 38-year-old man has been jailed in France for raping his teenage daughter for years and inviting other men, many of them much older, to join in the abuse.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
4 U.N. peacekeepers wounded as Israel, Hezbollah clash in Lebanon
Four Italian soldiers were lightly wounded amid clashes between Hezbollah and Israeli forces in southern Lebanon.
Entertainment
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Ridley Scott on returning for "Gladiator II": "I kept thinking about it"
Ridley Scott returns to ancient Rome with "Gladiator II" nearly 25 years after the Oscar-winning original.
Ridley Scott on his vision for "Gladiator II"
Nearly 25 years after the original "Gladiator" won five Academy Awards, Ridley Scott returns with "Gladiator II," out Nov. 22. Elizabeth Palmer speaks with the director about bringing his epic vision back to life.
Melissa Etheridge to perform at NWSL Championship
Grammy-winning artist Melissa Etheridge will sing the national anthem at the 2024 NWSL Championship in Kansas City. Known for her hit "Come to My Window," Etheridge shares her excitement about the honor and the big game.
Connie Nielsen on returning to "Gladiator" after 24 years
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Shelby Lynne on how personal struggles and friendships impacted her music
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Technology
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AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Australia could ban social media for kids
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
How AI powered robots are helping small farms
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.
DOJ targets Google's search engine monopoly
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Science
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Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Crime
More Crime
U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
84-year-old Texas man accused of killing roommate and her dog
The man was arrested on an unrelated carjacking warrant and admitted to killing his roommate and her pet.
Georgia woman convicted of killing her toddler gets life in prison
Leilani Simon was spared the maximum punishment of life without a chance of parole.
Guns, ammunition flowing from U.S. to Latin America and Caribbean
U.S. guns are fueling conflict in Latin America and the Caribbean.
Space
More Space
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Summer music heats up 2024
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.
Latest CBS News Videos
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Latest CBS News Videos
Latest news on Trump's future
President-elect Donald Trump's sentencing in the criminal "hush money" case against him has been delayed. This comes after Trump announced a new pick for attorney general, former Florida Attorney General Pam Bondi. Politico's Megan Messerly breaks down the latest on Trump's second term.
Extreme weather in U.S. slams coasts
Severe weather on both sides of the country is bringing snow to the East as the West recovers from a bomb cyclone. Power outages and several deaths have been reported in Washington. CBS News' Jessica Burch has the latest forecasts, and Rob Marciano and Christina Fan have more on the weather impact in California and New Jersey.
Trump "hush money" sentencing delayed
New York Justice Juan Merchan has delayed the sentencing of President-elect Donald Trump in the "hush money" case where he was found guilty. Merchan gave Trump's legal team until Dec. 2 to file a motion to dismiss the case as the former president prepares for a second term in the White House. CBS News contributor Caroline Polisi has more on the decision, and CBS News campaign reporter Jake Rosen has more on the Trump campaign's latest moves.
Gaetz not returning to Congress
Former Florida Rep. Matt Gaetz told conservative personality Charlie Kirk that he will not be part of the 119th Congress in January. This comes after he announced he would withdraw from consideration to be President-elect Donald Trump's attorney general. CBS News' Aaron Navarro reports.
Washington-Orlando for NWSL Championship
Kansas City's CPKC Stadium, the first stadium built exclusively for women's soccer, is hosting the National Women's Soccer League Championship game this weekend between the Washington Spirit and Orlando Pride. "CBS Saturday Morning" co-host Dana Jacobson has a look at the venue and a preview of the game.