News

NYC migrant housing crisis threatens return to work push

New York City is mulling a response to the migrant crisis overwhelming the city government’s services that could imperil the push to bring more workers back to offices. Although it’s

Wholesale inflation eases to 2.3% in April, lowest level in two years

Inflation at the wholesale level rose less than expected in April, the latest sign that painfully high consumer prices are beginning to loosen their stranglehold on the U.S. economy one

Jobless claims rise sharply to highest level since 2021

The number of Americans filing for unemployment benefits last week jumped to the highest level since 2021, the latest sign the historically tight labor market is cooling off in the

What is the debt ceiling, and what does it mean for you?

The U.S. government could default on its debt within a matter of weeks, jeopardizing payments to millions of Americans and businesses.  Treasury Secretary Janet Yellen warned last week that the

Jamie Dimon warns US debt default is ‘potentially catastrophic,’ says JPMorgan has a ‘war room’

JPMorgan Chase CEO Jamie Dimon warned on Thursday of disastrous implications for the economy if Congress fails to raise the debt ceiling and the U.S. defaults on its financial obligations. 

Former Fed president says he wouldn’t raise rates ‘if I were sitting in my old

As analysts start to speculate about the Federal Reserve’s next rate move as a potential credit crunch looms over markets, one former Fed bank president advised extreme caution with their

Peanut allergy patch for toddlers shows promise, study finds

HealthWatch By Sara Moniuszko Updated on: May 11, 2023 / 10:59 AM / CBS News An experimental skin patch to help treat toddlers who are highly allergic to peanuts is

Peloton recalls 2.2M bikes because seat posts can break while in use

MoneyWatch By Megan Cerullo Updated on: May 11, 2023 / 11:04 AM / MoneyWatch Peloton is recalling 2.2 million of its original bikes because the seat post can break off

Actor Dolph Lundgren reveals 8-year cancer battle

U.S. By Caitlin O’Kane May 11, 2023 / 11:45 AM / CBS News Spreading kidney disease awareness during National Kidney Month Actor Dolph Lundgren has revealed his secret eight-year battle

Youth mental health crisis may be improving, early ER data suggests

U.S. By Alexander Tin May 11, 2023 / 1:00 PM / CBS News Psychologist Lisa Damour on teen mental health America’s youth mental health crisis appears to have shown signs