News

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

April jobs report likely to point to slowdown in hiring last month

U.S. job growth likely cooled markedly in April as rising interest rates and a slowing economy began to take a toll on hiring.  The U.S. Department of Labor’s high-stakes April

Department of Transportation to propose requirements for airlines to compensate stranded passengers

The Department of Transportation announced Monday its plans for a new rulemaking process requiring airlines to compensate passengers whose flights were delayed or canceled. The proposal would require airlines to

America’s top small business could win $25,000 to expand

The U.S. Chamber of Commerce said Thursday a small business in America could win a sizable monetary prize as part of an awards program it is running.  The winner of

Americans bracing for higher inflation in the long term, NY Fed survey shows

Americans are bracing for higher inflation over the next few years even as they anticipate a drop in consumer prices over the short term, according to a key Federal Reserve

Class of 2023 graduating into ‘tight, uncertain’ job market

Economists say the United States is not in a recession, but many companies seem to be bracing for one.  With numerous companies announcing massive layoffs and others on hiring freezes,