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Thursday, May 14, 2026 3:17 AM ET

CBS News - Business

How much sway will new Fed Chair Kevin Warsh have over interest rates? -- Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.

12 hours ago

Top U.S. CEOs worth nearly $1 trillion accompany Trump to China -- The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.

15 hours ago

AI is fabricating citations in biomedical studies, researchers find -- "Your doctor could be making decisions around treatment based on studies that never existed," one expert said.

10 hours ago

Social Security's cost-of-living adjustment could reach nearly 4% in 2027 -- A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.

1 day ago

Will Trump seek investment to join China in a "dark factory" future? -- A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required. -- May 12

7 hours ago

Senate confirms Kevin Warsh as Fed chair as Trump presses for lower rates -- The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.

12 hours ago

Exclusive - Parents sue OpenAI over teen's death after he used ChatGPT to get drug info - A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose. May 12

15 hours ago

Businesses starting to receive their IEEPA tariff refunds -- "I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said. -- May 12

10 hours ago

Searing U.S. energy prices are driving the hottest inflation in years -- CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows. -- May 12

11 hours ago

Sponsored - How to post jobs online and reach more qualified candidates - Finding the right job candidates can be a tough task, but there are simple ways to improve the hiring process. 13H ago

40 minutes ago

How to hire the most reliable workers in your area

13 hours ago

How to shorten the hiring process (and still find qualified employees)

22 days ago

What does the new inflation surge mean for mortgage interest rates? -- Inflation is now at its highest level in three years. Here's what that could mean for mortgage interest rates.

13 hours ago

What are today's mortgage interest rates: May 13, 2026?

13 hours ago

Is a larger down payment worth it in today's mortgage rate environment? What experts say

7 days ago

How much of my Social Security can be garnished for debt? -- If you're a retiree with unpaid debt, it's important to know how a garnishment could impact your monthly benefits.

14 hours ago

What happens if two wage garnishments are put on your paycheck?

14 hours ago

Which debts can't be garnished from your Social Security? Here are 4 to know.

16 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 how AI can help with retirement planning, and where it struggles -- As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.

5 days 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."

1 month 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.

1 month ago

EEOC sues New York Times, alleging bias against White male worker -- Employment watchdog accuses the New York Times of violating federal law by passing over a White male journalist for a job.

8 days ago

More Americans are quitting their U.S. jobs to work abroad, study finds -- Since 2021, the share of U.S.-based employees who have left their jobs to work in another country has more than doubled.

12 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.

27 days ago