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Tuesday, April 21, 2026 11:28 AM ET

CBS News - Business

Kevin Warsh set to testify that the Fed will remain "strictly independent" -- Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.

1 hour ago

Tim Cook to step down as Apple CEO, with John Ternus tapped as successor -- Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.

18 hours ago

Tariff refund portal off to bumpy start as some businesses report glitches -- Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.

21 hours ago

Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick? -- President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh - but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.

4 hours ago

Food stamp work rules don't increase employment, researchers say -- Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate. -- Apr 20

6 hours ago

Uber found liable for actions of driver who grabbed passenger's inner thigh -- The so-called bellwether case is part of a broader group of sexual assault lawsuits filed against Uber in multiple jurisdictions around the country and is the third to go to trial.

6 hours ago

United merger with American Airlines would hurt consumers, senators say -- Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn. -- Apr 20

13 minutes ago

Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved -- The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C. -- Apr 17

1 day ago

Airlines cut routes in response to rising jet fuel costs amid Iran war -- Rising jet fuel prices are forcing airlines to cut routes and trim schedules. -- Apr 17

2 days ago

$30,000 CD vs. $30,000 money market account: Which will earn more in 2026? -- Both accounts are still offering competitive interest rates to savers, but which will earn more with a $30,000 deposit?

23 minutes ago

$5,000 CD vs. $5,000 high-yield savings vs. $5,000 money market account: Which earns the most interest in 2026?

23 minutes ago

How much interest can a $10,000 CD account earn now vs. April 2025?

22 hours ago

What are today's mortgage interest rates: April 21, 2026? -- Want to buy a home or refinance your current one? Here's where mortgage interest rates stand as of April 21, 2026.

3 hours ago

Should you lock in a mortgage rate before the April Fed meeting?

5 days ago

What could mortgage interest rates look like by the end of 2026?

5 days ago

$100,000 home equity loan vs. $100,000 HELOC: Which has the cheaper monthly payments now? -- Home equity loans and HELOCs both offer affordable ways to borrow $100,000 now, but which will actually be cheaper?

20 hours ago

Here's how much a $100,000 home equity loan costs monthly now that rates are lower

20 hours ago

What will HELOC interest rates look like by the end of 2026? Experts weigh in

6 days 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

Americans expect to work much longer than they would like. Here's why. -- Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."

13 days ago

Americans saving less for retirement - that's a "warning sign," experts say. -- Full-time employees cut their 401(k) participation and contribution rates last year amid an affordability crunch, new research shows.

20 days ago

$100,000 in Social Security benefits? New proposal would cap them. -- With Social Security's trust fund sliding toward insolvency, one group wants to cap benefits for the wealthiest U.S. couples.

26 days ago

This is the fastest-growing job for young workers, LinkedIn says -- Hint: It involves AI, and a LinkedIn economist says employers are clamoring for people to fill these roles.

4 days ago

More U.S. employees are hugging tight to their jobs. Here's why. -- More employees are clinging to their positions in a trend known as "job-hugging." That's making it harder for job-seekers to find work.

1 month ago

College majors with the highest earnings potential and lowest jobless rates -- A college degree still provides an edge when it comes to finding a good job, but a person's major may be just as important to career stability, research suggests.

1 month ago