Investor Michael Burry says U.S. is headed for recession
Yet while economists say a recession appears likely this year, any downturn could be relatively mild.
MoneyWatch
Latest News
Southwest scrubs more than 130 flights as "normal" service resumes
Carrier said flights are back on track after travel woes, but concedes it is "inundated" with lost luggage.
New online tools can help you learn health care costs in advance
As of Jan. 1, health insurers and employers that offer health plans must provide online calculators for patients to get detailed estimates of what they will owe.
Sam Bankman-Fried set to plead not guilty to fraud, report says
Prosecutors will have to prove the cryptocurrency company founder intentionally duped customers, legal analysts said.
Tesla posts record sales but falls short of goals
The 1.3 million vehicles was 10% shy of CEO Elon Musk's pledge to grow company sales by 50% nearly every year.
Want to buy a home in 2023? These tips can help.
Real estate experts say the housing market will be less ferociously competitive next year, but it's still vital to plan ahead.
New state laws for 2023: Higher minimum wage, lower taxes and legal jaywalking
Some new laws could affect access to abortion, others will ease restrictions on marijuana and concealed guns.
New York lawmakers become nation's highest-paid after 29% raise
The pay hike comes with restrictions, including a cap on outside income that will take effect in a couple years.
3 tips for meeting saving money in 2023 amid high inflation
Consider asking your employer to automatically deposit some of your paycheck into a separate savings account.
Managing Your Money
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3 insurance types to get in 2023
January is a good time to re-evaluate your insurance protections. Here are three popular insurance types and how to optimize them.
3 passive income ideas for 2023
Would you benefit from getting some extra cash? Here are three passive income ideas to explore now.
How much mortgage interest can you deduct on your taxes?
Mortgage interest may be one of the biggest deductions you can make to significantly reduce your taxable income.
Money Tech
Experts warn smart toys could be collecting user data that might be sold
Experts warn that makers of smart toys could be collecting your data and selling it to advertisers without your even realizing it.
Musk to change voting rules after Twitter resignation poll
Musk had promised to subject all policy changes to user polls, but now says only paid users can vote.
Twitter relaunches subscriber service after previous flub
New accounts will have to undergo a 90-day wait before subscribing to the Twitter Blue service.
Indiana sues TikTok, claiming it violates child safety laws
Lawsuits allege the app subjects teens to "abundant" sexual and drug content, while also lying about how much data it collects.
Building inspectors to investigate bedrooms at Twitter HQ
Elon Musk has converted some conference rooms at the social media company's hub into sleeping quarters, according to Forbes.
2 women sue Apple, alleging stalkers used AirTags to track them
Lawsuit claims the bluetooth devices have "revolutionized the scope, breadth and ease of location-based stalking."
Made money online this year? You could owe more in taxes
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
Twitter stops enforcing its COVID misinformation policy
Some health officials worry that lies about COVID-19 could spread more easily, while others say policy wasn't that effective.
Elon Musk says Twitter verification will re-launch next week
Previous plan to offer a blue check to anyone paying $8 a month was scrapped after a rash of impersonators.
Latest News
Buffalo Bills' Damar Hamlin in critical condition after collapsing during game
The Bills say he went into cardiac arrest after a hit and his heartbeat was restored on the field before he was taken to a hospital, where he is sedated.
Jan. 6 transcripts reveal new details
The House select committee released the transcripts as it wound down its work at the end of the 117th Congress before Republicans officially take control of the House on Tuesday.
1 officer killed, 1 wounded in Pennsylvania shooting
The suspect was killed in a shootout with police after initially fleeing in a carjacked vehicle, police said.
What the end of Title 42 could mean for U.S. border policy
The dispute over ending the public health law, which gives border authorities the power to swiftly expel some migrants, has gone all the way to the U.S. Supreme Court.
Jeremy Renner undergoes surgery after snowplow accident
The "Hawkeye" actor's publicist said that Renner remained in the intensive care unit.
Man charged with attempted murder after machete attack on NYPD officers
Trevor Bickford, 19, was charged with two counts of attempted murder of a police officer and two counts of assault.
Amber McLaughlin set to become first transgender woman executed in U.S.
McLaughlin is scheduled to die by injection Tuesday for killing a former girlfriend in 2003.
Capitol police share changes made to prevent a second Jan. 6: "We will be ready"
The Capitol Police unveiled advancements they have made in order to protect against another large-scale assault on the Capitol.
Tennis legend Martina Navratilova gets double cancer diagnosis
The 66-year-old revealed that she will start treatment this month and said she's prepared to "fight with all [I've] got."
Small Business
More
Abortion care startup touts the merits of telemedicine
Abortion pill provider reports big increase in online traffic — and high anxiety among patients — after Roe was struck down.
Abortion pill startup sells meds to women who aren't pregnant
Company says giving patients abortion pills before they're needed provides "peace of mind."
Community aids in Filipino food truck's pandemic rebound
Owner encourages customers to "give a high five" to local businesses raising prices. "It means a lot."
Small business faces big challenges: Inflation and 18-hour days
"Would you be comfortable paying $36 for a hamburger? That's kind of what it's worth," says restaurant owner Jenna Petersiel.
For small businesses, looming recession brings uncertainty
But Jessica Johnson-Cope, CEO of a family-owned security services company, remains optimistic even as the U.S. economy darkens.
Retirement
More
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
A common retirement strategy can erode your savings: watchdog
Workers who move 401(k)s into IRAs can lose significant money to a choice they didn't have to make, new analysis shows.
How can you financially prepare for a recession?
"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.
Stock drop has erased $3 trillion in retirement savings this year
With Americans' nest eggs mostly held in 401(k)s and IRAs, the swoon could force many to delay their retirement.
Social Security bill would give seniors an extra $2,400 a year
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
U.S.
More U.S.
Jan. 6 transcripts reveal new details
The House select committee released the transcripts as it wound down its work at the end of the 117th Congress before Republicans officially take control of the House on Tuesday.
Buffalo Bills' Damar Hamlin in critical condition after collapsing during game
The Bills say he went into cardiac arrest after a hit and his heartbeat was restored on the field before he was taken to a hospital, where he is sedated.
Jeremy Renner undergoes surgery after snowplow accident
The "Hawkeye" actor's publicist said that Renner remained in the intensive care unit.
Capitol police share changes made to prevent a second Jan. 6: "We will be ready"
The Capitol Police unveiled advancements they have made in order to protect against another large-scale assault on the Capitol.
1 officer killed, 1 wounded in Pennsylvania shooting
The suspect was killed in a shootout with police after initially fleeing in a carjacked vehicle, police said.
MoneyWatch
More MoneyWatch
Tesla posts record sales but falls short of goals
The 1.3 million vehicles was 10% shy of CEO Elon Musk's pledge to grow company sales by 50% nearly every year.
Investor Michael Burry says U.S. is headed for recession
Yet while economists say a recession appears likely this year, any downturn could be relatively mild.
Sam Bankman-Fried set to plead not guilty to fraud, report says
Prosecutors will have to prove the cryptocurrency company founder intentionally duped customers, legal analysts said.
Southwest scrubs 160 flights as "normal" service resumes
Carrier said flights are back on track after travel woes, but concedes it is "inundated" with lost luggage.
New online tools can help you learn health care costs in advance
As of Jan. 1, health insurers and employers that offer health plans must provide online calculators for patients to get detailed estimates of what they will owe.
Politics
More Politics
Jan. 6 transcripts reveal new details
The House select committee released the transcripts as it wound down its work at the end of the 117th Congress before Republicans officially take control of the House on Tuesday.
Capitol police share changes made to prevent a second Jan. 6: "We will be ready"
The Capitol Police unveiled advancements they have made in order to protect against another large-scale assault on the Capitol.
Democrat Katie Hobbs sworn in as Arizona governor
Republican challenger Kari Lake has not yet conceded even after a judge last week dismissed a lawsuit contesting the results.
New Congress to convene as uncertainty plagues McCarthy's speaker bid
Before new members take their oaths of office, the House must elect a new speaker.
Congress moves to restrict embattled Architect of the Capitol
J. Brett Blanton, who oversees the facilities, historical artifacts and U.S. Capitol grounds, was the subject of a blistering internal review by the agency's inspector general last year.
Health
More Health
Health
New drug could delay type 1 diabetes
A new FDA-approved drug delays the onset of type 1 diabetes and the need for insulin injections for several years. Dr. Jon LaPook shows how it works and the potentially life-changing impact.
New online tools can help you learn health care costs in advance
As of Jan. 1, health insurers and employers that offer health plans must provide online calculators for patients to get detailed estimates of what they will owe.
NYC holding biggest New Year's bash in years
In New York City, New Year's Eve celebrations and crowds are returning after two years of scaled-back festivities. But the threat from COVID-19 is not gone. Charlie De Mar has more.
Alfalfa sprout recall tied to salmonella outbreak expanded
A Nebraska company has expanded a recall of alfalfa sprouts after 15 cases of salmonella were linked to the food.
CDC tracking rise of new XBB.1.5 COVID variant
XBB.1.5's ascent is usurping other Omicron variant cousins BQ.1 and BQ.1.1, which had dominated a wave of infections over the fall.
World
More World
Looted ancient sarcophagus returned to Egypt from U.S.
The repatriation is part of Egyptian government efforts to stop the trafficking of its stolen antiquities.
What the end of Title 42 could mean for U.S. border policy
The dispute over ending the public health law, which gives border authorities the power to swiftly expel some migrants, has gone all the way to the U.S. Supreme Court.
Startup uses 3D-printed tiles to help restore coral reefs
The tiles could have global uses for coral adaptation, with benefits to humanity as well as ocean life.
63 Russian soldiers killed in Ukrainian strike, Moscow says
The strike, using a U.S.-supplied precision weapon, marks one of the deadliest attacks on the Kremlin's forces since the war began more than 10 months ago.
Thousands mourn Benedict XVI as former pope lies in state at the Vatican
He was known as a traditionalist — "God's rottweiler" — for fiercely adhering to church doctrine. But Benedict's papacy was a papacy of firsts.
Entertainment
More Entertainment
Jeremy Renner undergoes surgery after snowplow accident
The "Hawkeye" actor's publicist said that Renner remained in the intensive care unit.
Jeremy Renner critically hurt in snowplow accident
Actor Jeremy Renner is in critical but stable condition following a freak snow plow accident. The 51-year-old suffered serious injuries when his Snow Cat plow ran over his leg while he was clearing a road near his Lake Tahoe home.
Fred White, former drummer for Earth, Wind & Fire, dies at 67
"He joins our brothers Maurice, Monte and Ronald in heaven and is now drumming with the angels!" his brother and Earth Wind & Fire founder Verdine White wrote.
"We Are Here" creators on new children's book
Author Tami Charles and illustrator Bryan Collier join “CBS Mornings” to discuss their new book "We Are Here" and why representation in books is so important.
Ben Harper digs deep into his emotions
Los Angeles rocker and multiple Grammy winner Ben Harper has collaborated with some of the biggest names in the music business for nearly 30 years. Recently, the sound of Harper's guitar called out to popstar Harry Styles, who invited him to record and tour with him. Jamie Yuccas recently sat down with Harper at the music store that's been run by his family for generations.
Technology
More Technology
Sam Bankman-Fried set to plead not guilty to fraud, report says
Prosecutors will have to prove the cryptocurrency company founder intentionally duped customers, legal analysts said.
Rubik's Cube on top of its game
In an age of high-tech toys and gadgets, the Rubik's Cube is still captivating children and adults alike nearly 50 years since its creation. Nancy Chen has more with the inventor of the cube, Erno Rubik.
Smart home security tips for personal and cyber protection
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
CNET editor talks best goal-oriented gadgets for 2023
Ackerman shared tips on how technology can help people reach their goals in the new year.
Experts warn smart toys could be collecting user data that might be sold
Experts warn that makers of smart toys could be collecting your data and selling it to advertisers without your even realizing it.
Science
More Science
Startup uses 3D-printed tiles to help restore coral reefs
The tiles could have global uses for coral adaptation, with benefits to humanity as well as ocean life.
Comet to make first and likely only appearance in recorded history
The comet C/2022 E3 (ZTF) is believed to have traveled billions of miles from the most distant region of the solar system — and this will likely be the only time it's visible from Earth for thousands of years.
Every planet in the solar system visible in rare "planet parade"
The astronomical phenomenon gave skywatchers a good view of Mercury, Venus, Mars, Jupiter and Saturn with the naked eye.
Virginia zoo welcomes rare hippopotamus
This is the second pygmy hippo calf born at the zoo and in the state of Virginia.
China's COVID-19 surge raises odds of new variants
Every new infection offers a chance for the coronavirus to mutate, and the virus is spreading rapidly in China.
Crime
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Crime
Suspect in Idaho murders to waive extradition
The suspect in the Idaho college student murders could be headed to Idaho following his appearance in a Pennsylvania court Tuesday. Law enforcement sources say forensic analysis allegedly linked him to the Nov. 13 fatal stabbings of four University of Idaho students. Danya Bacchus has the story.
Terrorism probed in attack on NYPD officers
A man accused in the New Year's Eve attack on three New York City police officers near Times Square has been arrested and charged with attempted murder. Sources say the suspect, 19-year-old Trevor Bickford, had already been placed on an FBI terror watchlist after self-radicalizing online. Nancy Chen has the latest.
1 officer killed, 1 wounded in Pennsylvania shooting
The suspect was killed in a shootout with police after initially fleeing in a carjacked vehicle, police said.
Man charged in machete attack on NYC cops
Trevor Bickford, a 19-year-old man from Maine, is charged with attempted murder and assault for the attack that injured three New York City police officers near Times Square on New Year's Eve. Sources say he had recently been added to an FBI terror watchlist. CBS News' Lana Zak has more.
Man charged with attempted murder after machete attack on NYPD officers
Trevor Bickford, 19, was charged with two counts of attempted murder of a police officer and two counts of assault.
Space
More Space
Comet to make first and likely only appearance in recorded history
The comet C/2022 E3 (ZTF) is believed to have traveled billions of miles from the most distant region of the solar system — and this will likely be the only time it's visible from Earth for thousands of years.
NASA pays tribute to Pelé with cosmic photo
NASA shared a photo of a mesmerizing galaxy 7 million miles away lit up in the bright colors of Brazil, Pelé's home nation.
SpaceX caps 2022 with record-setting 61st launch
The year's final SpaceX launch put an Israeli Earth-imaging satellite into orbit.
Every planet in the solar system visible in rare "planet parade"
The astronomical phenomenon gave skywatchers a good view of Mercury, Venus, Mars, Jupiter and Saturn with the naked eye.
Top space highlights of 2022: James Webb Space Telescope, Artemis 1 moon mission and more
CBS News senior national correspondent Mark Strassmann shares his top three space highlights of 2022.
Latest Galleries
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The Circleville letters: You've got hate mail
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
Celebrities who filed for bankruptcy
They may have famous names and big careers, but these celebs also ran into financial trouble.
Stunning photos from NASA's Artemis I moon mission
The Orion spacecraft sent back some amazing pictures from its 25-day, 1.4-million-mile journey around the moon.
Timeline: The Disappearance of Mengqi Ji
When a young mother disappears in Columbia, Missouri, investigators use DNA from a tree to help solve the mystery of what happened to her.
Best shows to watch on Netflix right now
One of these shows could be your next binge obsession.
Latest Videos
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Latest Videos
“The Gift: Kindness Goes Viral” with Steve Hartman
Steve Hartman, the correspondent for CBS News’ iconic “On The Road” franchise and CBS Mornings’ “Kindness 101,” shows us how one simple act of kindness creates a ripple effect. In this one-hour CBS special, Hartman shares stories of ordinary people committing extraordinary acts, changing lives and inspiring others to do the same.
Bills safety Damar Hamlin is in critical condition after collapsing
Buffalo Bills safety Damar Hamlin is in critical condition after collapsing on the field during the game. He was administered CPR before being taken away in an ambulance. CBS2's Larry Ridley reports.
Damar Hamlin in critical condition
Buffalo Bills safety Damar Hamlin was in critical condition after collapsing on the field during a game against the Cincinnati Bengals. The game was postponed. CBS New York's Larry Ridley reports.
Eye on America: Rescuing wild animals and more
We join one man's quest to save exotic animals from around the world at a sanctuary in Colorado. And we introduce you to the women breaking barriers coaching college football. Watch these stories and more on "Eye on America" with host Michelle Miller.
Student-athlete pays off sister's student loans
A student-athlete attending Indiana University gifted his sister the ultimate Christmas present. Anthony Leal, a 21-year-old basketball player, paid off his sister's student loans. Jericka Duncan has the story.