Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
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Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Nearly 47% of American households say they feel financial hardship after a primary wage earner dies, according to a recent survey, which is where life insurance comes in. Jill Schlesinger joins with more.
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
A CBS News investigation into sports gambling found that companies like FanDuel push hard to keep gamblers engaged and wagering, even as their losses pile up. Jim Axelrod has more.
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Cybersecurity researchers from a small firm called Hacktron in India broke into OpenAI, showing how vulnerable frontier labs are.
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
The claims window is open until Dec. 21, 2026. To file a claim, iPhone users must enter basic personal info and their iPhone's serial number.
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Paramount-Skydance has now settled two major lawsuits that were holding up the company's $111 billion buyout of Warner Bros. Discovery. One lawsuit was filed by the Writers Guild of America; the other by a dozen states. Paramount is the parent company of CBS News. Jo Ling Kent has the details.
The Points Guy's annual ranking gives extra weight to affordability this year as higher fuel costs and airline fees squeeze travelers.
A Maryland ticket broker is accused of illegally purchasing and reselling hundreds of thousands of tickets for profit, including thousands to Taylor Swift's highly-sought Eras Tour.
The U.S.-China meetings could mark a key moment as the two countries face steep tariffs on each other's goods.
Predictions that AI could destroy humanity in a few years are irresponsible and not based on science, Nvidia's co-founder told CBS News.
The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been made legal, bankruptcies and credit card delinquencies go up 25%. Correspondent Jim Axelrod talks to a gambler who wagers his annual income; and examines how the online betting platforms FanDuel and DraftKings – now the subjects of lawsuits regarding their design – interact with their customers.
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
Warren Buffett is stepping aside as Berkshire Hathaway chairman, he announced in a letter to shareholders Friday.
The manufacturer has received hundreds of reports of blankets "smoking, melting or burning" due to overheating, according to a recall notice.
Amazon said it is increasing its minimum pay for operations workers by $1 an hour and adding grocery discounts for all U.S. employees.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Diesel prices hit an all-time high in the U.S. as the war in Iran drags on with no end in sight. Jason Allen reports.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
The typical U.S. household's annual earnings have risen only 2.5% since 2019, new data from the Census Bureau shows.
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
The Fed's first rate hike in more than three years underscores the challenge of taming inflation as the Iran war drags on.
CBS News business analyst Jill Schlesinger joins to discuss how the interest rate hike will impact Americans' wallets.
Artificial intelligence is on everyone's lips these days—but what does it actually mean for your wallet? Jill and Mark are breaking down what you need to know about AI and your portfolio, including how to protect yourself from potential market turmoil. Plus, Jill and Mark help caller Cody prepare for a major career shift.
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
OpenAI has disclosed six reports of "unexpected or concerning" behavior in artificial intelligence models as the debate on AI safety becomes increasingly heated.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
New Census data shows how much faster workers can complete tasks when they enlist artificial intelligence for help.
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
AI tends to "play it safe within a user's preferences," nudging people toward more conventional choices, according to computational social scientist Sandra Matz.
Microsoft's Mustafa Suleyman said in an essay that trying to develop AI consciousness would be "catastrophic" for humanity.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
Gas prices are more than a dollar higher than they were this time last year, despite Trump officials' claims that inflation would be down by now. Kelly O'Grady reports.
The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
Jill Schlesinger answers your personal finance questions.
The adjustment could provide financial relief for taxpayers who find that more of their income is taxed at lower rates, a Bloomberg analysis suggests.
Some workers are seeing stronger wage growth by switching jobs, while others are "job-hugging" because of AI, research shows.
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
The official 2027 COLA will be announced on Oct. 14, but some senior citizens' groups are already forecasting the benefits bump retirees can expect.
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Anthropic said on Thursday that it disrupted several potential efforts this year to make biological weapons using its models. It's the exact kind of threat that has some people worried, including former Anthropic employee Jacob Coxon. Jo Ling Kent spoke with him on Thursday.
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
President Trump pledged $5,000 to all American adults if Republicans retain control of Congress. You may not be able to take that to the bank.
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
It's an age-old question: Should you keep renting, or bite the bullet and buy your home? Today, Jill and Mark try to help caller Alan answer that very question—and the answer may be more complicated than you think! Plus, is anybody hitting the town anymore? As the price of a cocktail rivals the price of your lunch, Jill makes the case for staying in (mahjong included.)
A lead researcher at Anthropic said "AI could kill all humans" on Tuesday, giving it a more than 10% chance within the next decade. The call now is for a global conversation about risk and safety. Jo Ling Kent has more from Silicon Valley, and Tristan Harris, co-founder of the Center for Humane Technology, goes deeper.
Rapid developments in AI are prompting concerns about "superintelligence." Here's why some experts are worried.