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Wednesday, September 16, 2026 12:45 AM ET

CBS News - Business

Fed expected to hike interest rates for first time since 2023. See what it means for your money. -- The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.

10 hours ago

Americans' incomes hit a record high in 2025. Now for the bad news. -- The typical U.S. household's annual earnings have risen only 2.5% since 2019, new data from the Census Bureau shows.

8 hours ago

Own a car? You're getting socked by higher prices, and not only for gas -- Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.

7 hours ago

OpenAI backs measure that would require independent audits of AI models -- Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.

7 hours ago

Your home heating oil bill is likely to jump this winter. Here's why. -- Millions of homeowners will face higher heating costs this winter because of surging global oil prices, according to a new forecast.

13 hours ago

Outcome of employment lawsuit could promote use of skimpy health plans -- 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.

13 hours ago

It's up to AI developers to ensure their tech is safe, top Trump adviser on AI says -- 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. -- Sep 14

6 hours ago

The AI bubble is leaking air, some economists say. Should investors worry? -- AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end. -- Sep 14

10 hours ago

Anthropic CEO Dario Amodei: "For too long the industry lied" about AI risks -- The head of the artificial intelligence company calls the exponential rate of AI developments a "warning sign," with risks for humanity, and says, "We need to slow down." He talks with "Sunday Morning" about possible steps forward. -- Sep 14

17 hours ago

Here's why a high-yield savings account is worth opening this week -- There are multiple timely reasons supporting the opening of a high-yield savings account that savers should know.

9 hours ago

How much interest can a $100,000 5-year CD earn now?

9 hours ago

How much interest can a high-yield savings account earn over the next six months?

9 hours ago

What a Fed rate hike could mean for mortgage rates (and what borrowers need to do now) -- Planning to buy a home soon? The Fed's next move could change the mortgage rate outlook for borrowers.

11 hours ago

Why a mortgage rate lock makes sense this September

11 hours ago

What are today's mortgage and mortgage refinance interest rates?

11 hours ago

How much can you withdraw from an annuity without a penalty? -- Need cash from your annuity? How much you take out could make a big difference in what it costs you.

12 hours ago

What's a good annuity rate in 2026?

12 hours ago

How much does a $250,000 annuity pay each month right now?

12 hours ago

Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs -- CBS News is tracking the rising cost of products most impacted by tariffs imposed​ and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.

1 year ago

MoneyWatch price tracker shows how much food, utility, housing costs are rising -- These charts track prices consumers pay for groceries and other goods now compared to five years ago.

1 year ago

Here's the projected Social Security COLA for 2027, according to AARP -- The official 2027 COLA will be announced on Oct. 14, but some senior citizens' groups are already forecasting the benefits bump retirees can expect.

4 days ago

Sturdy stock market mints a record number of 401(k) millionaires -- The number of millionaire 401(k) accounts at Fidelity reached a record 769,000 in the second quarter.

11 days ago

The Social Security Administration overpaid her. Now she owes $35,000. -- The agency told a woman that she has 30 days to pay it back. Otherwise, it would cut her benefits by 50% while it collects what it overpaid.

10 days ago

How lower-paid workers are getting their biggest pay raise in years -- Some workers are seeing stronger wage growth by switching jobs, while others are "job-hugging" because of AI, research shows.

4 days ago

Modest pay hikes next year could leave some workers lagging inflation -- Employers are likely to offer limited salary increases in 2027 amid ongoing economic uncertainty, according to a survey of 1,000 businesses. -- Sep 2

4 days ago

E&Y to award $100 million in bonuses for workers who show people skills -- Management consulting firm EY said it will reward employees who demonstrate human skills, such as business acumen and judgment. -- Aug 31

14 days ago