Moneywatch - CBSNews.com / Moneywatch From CBSNews.com Thu, 03 Jul 2025 09:20:10 -0400 5 Hiring surged in June, shrugging off economic worries /news/jobs-report-today-june-2025-economy-tariffs/ Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%. Thu, 03 Jul 2025 09:19:43 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/07/02/d10247fc-7601-49be-8b0f-439765656cbd/thumbnail/60x60/2637ec44ce6dd3b31079c71ab3f61ad8/gettyimages-1682968902.jpg e2fc6575-908f-4fdd-b195-87de49fe779f Dr. Phil's Merit Street Media company files for bankruptcy, sues partner /news/bankruptcy-dr-phil-merit-street-media-trinity-broadcast-lawsuit/ The multiplatform network owned by the once popular talk show host is facing financial struggles for which it finds its partner, Trinity Broadcasting Network, at fault. Thu, 03 Jul 2025 07:42:41 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2021/09/13/c70eb4a4-be76-459b-bfb0-5a4cb3a64510/thumbnail/60x60/d02d399ebeef75cd2fb95aaaadfada2e/HCWDP_104_SG_005b2.jpg 90781104-cbd8-4dc7-9a52-66c3a789085f Trump admin. freezes billions in funding for after-school and summer programs /news/billions-withheld-from-summer-school-trump-administration/ The Trump administration is withholding over $6 billion in funding for after-school and summer programs, English language instruction and more. Wed, 02 Jul 2025 14:55:26 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/07/02/6aeae58c-4bcb-4058-86cf-89f94bf57bb7/thumbnail/60x60/51416776fde4be4f0603d9587ded5be1/gettyimages-2221687174.jpg 95d03589-ad35-42de-ac26-234c62e74545 Layoffs across the U.S. reach highest level since 2020. Here's why. /news/layoffs-doge-tariffs-cbs-news-explains/ Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm. Wed, 02 Jul 2025 12:44:29 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/07/02/cf3224d6-f65e-4eba-9751-728905ccf3b3/thumbnail/60x60/0175e6d718575929e688956701cecb8e/gettyimages-1457748456.jpg b24b6030-7119-4ff5-992a-09c6b0b13d20 Microsoft to lay off 9,000 workers in latest round of job cuts /news/microsoft-layoffs-9000-workers/ The tech company is laying off 4% of its workforce worldwide, in the latest round of job cuts after slashing 6,000 jobs in May. Wed, 02 Jul 2025 11:49:13 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/07/02/6a80c653-ce66-492d-b132-9d9ed3da4c75/thumbnail/60x60/a7dda7814b51493182aeb77af0fb2005/gettyimages-2222356411.jpg a1ca76c8-8c9c-41c3-8fa6-fe8781856173 Trump announces U.S. has reached trade deal with Vietnam /news/trump-announces-trade-deal-framework-with-vietnam/ President Trump announced the outline of a trade agreement with Vietnam Wednesday on Truth Social. Wed, 02 Jul 2025 11:41:51 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/07/02/ac37ca93-f252-4bd9-a8e8-29f70b7a32c2/thumbnail/60x60/364fc3c7c8b93d278fcfaac96c583303/gettyimages-2222451890.jpg 64ddf994-283b-4731-b422-426184619457 Lululemon sues Costco, alleging the discount retailer copied its designs /news/lululemon-costco-lawsuit/ Lululemon is accusing Costco of stealing from its "path-breaking" brand by selling dupes of its sweatshirts, jackets and pants. Wed, 02 Jul 2025 11:12:36 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/30/449572e8-083a-4e49-bb74-7b72f964c552/thumbnail/60x60/344980b7570fdbd0648f03071dfc0ef4/gettyimages-2193634315.jpg 0393107b-ec8a-4739-91dc-0a5d78050793 Tesla's sales tumble amid Musk backlash and mounting competition /news/tesla-sales-decline-second-quarter-elon-musk/ Tesla second-quarter sales slid more than 13%, but saw stronger-than-expected demand for Models 3 and Y vehicles. Wed, 02 Jul 2025 10:46:45 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/07/01/45c73660-c413-4bd8-9c40-31c3cfd5211d/thumbnail/60x60/d34dcc764221792537baae62463ff2e2/gettyimages-2218821768.jpg 15a93ea5-5c85-4ff5-a436-444529ffc122 Del Monte Foods files for bankruptcy as it seeks to rebuild brand /news/del-monte-bankruptcy-chapter-11/ Del Monte Foods, producer of canned fruits and vegetables, initiatied Chapter 11 proceedings on Monday and is seeking a buyer. Wed, 02 Jul 2025 10:40:51 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/07/02/1f1788f7-ff20-477f-bf74-2fe5f255650f/thumbnail/60x60/b6d84e016295b75e1803ac1e77bdc48f/gettyimages-157771875.jpg 22e77334-ecdd-4f1c-a64b-84a1081acf6e Business owner used 1.8 million credit card points to pay tariff costs /news/china-tariffs-american-express-points/ The owner of an Oklahoma maker of guitar pedals has had to get creative to absorb higher import costs. Wed, 02 Jul 2025 05:00:15 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/07/01/91e4fbb4-0edf-4042-82e9-97d643d6d90b/thumbnail/60x60/423b56fee229e23acd64ea590518e75f/gettyimages-931380158.jpg 8e9df226-074a-40a1-875a-2a5f2ffcc124 Paramount, Trump reach $16 million settlement over "60 Minutes" lawsuit /news/paramount-trump-60-minutes-lawsuit-settlement/ Paramount has agreed to settle President Trump's lawsuit over a "60 Minutes" interview with Kamala Harris for $16 million, the company announced late Tuesday. Wed, 02 Jul 2025 01:19:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2024/08/27/9ea4e04f-3afc-46c4-9881-e0d25f16fcd4/thumbnail/60x60/4b341379c5ab60bd3c587fdfcbf3ae62/gettyimages-2164079887.jpg 28958630-6d43-4d3a-999c-9e22335715d3 Senate removes excise tax on renewable energy industry from Trump tax bill /news/senate-removes-excise-tax-renewable-energy-industry-trump-domestic-policy-bill/ The Senate budget bill would have imposed an excise tax on certain wind and solar projects with foreign materials. Tue, 01 Jul 2025 18:17:20 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/07/01/4dacb1b6-9dad-41b0-9ff2-9b33fa45cc42/thumbnail/60x60/8e1bb06884a383225d2cb75debc08286/gettyimages-2206412447.jpg 02fec93d-b718-4ee0-aca9-b03fef914637 Trump tariffs have delayed interest rate cuts, Fed Chair Powell says /news/trump-tariffs-interest-rates-federal-reserve-jerome-powell/ Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs. Tue, 01 Jul 2025 18:13:56 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/07/01/a7c22100-5f8d-4838-85ac-05ca7faee9cb/thumbnail/60x60/14335069e71c6f2b7384c61cf98a4052/gettyimages-2160735795.jpg 349ae7d5-f13f-49fe-8653-4ff8b052f18e See which U.S. cities have the best job markets, according to SmartAsset /news/best-job-markets-2025-smartasset-bend-oregon/ New study​ ranks the best job markets in the U.S. based on commute times, access to employer health insurance and other factors. Tue, 01 Jul 2025 15:19:45 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/07/01/1d7f33f2-924c-4ea2-ba18-11858217435a/thumbnail/60x60/64c5c5fdfd914104c356798b59407041/gettyimages-1741496741.jpg 8c19167d-0444-4320-bcf7-dcebf5c370ed Tipped workers could soon get a new tax break. Here's what to know. /news/the-big-beautiful-bill-no-tax-on-tips-cbs-news-explains/ GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for workers in tipped jobs. Tue, 01 Jul 2025 13:53:32 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/06/30/3b858181-6f4e-44cf-a199-a52272b16e39/thumbnail/60x60/30f830a4783a00b30f0ef882f7f08cd0/gettyimages-2205584387.jpg 9a1f7418-088f-4ac0-aa8a-e5ac7adf8d81 Tesla shares sink as Musk and Trump renew feud over spending bill /news/trump-tesla-stock-musk-spending-bill-feud/ Tesla shares have taken a hit as the world's richest person and President Trump continue to exchange jabs over the spending bill. Tue, 01 Jul 2025 11:17:30 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/07/01/45c73660-c413-4bd8-9c40-31c3cfd5211d/thumbnail/60x60/d34dcc764221792537baae62463ff2e2/gettyimages-2218821768.jpg ec52ef3b-2187-462d-9f27-6382e055d553 The Trump tariffs aren't causing U.S. prices to spike. Here's why. /news/inflation-trump-tariffs/ Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging? Tue, 01 Jul 2025 10:11:37 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/06/27/248d51b3-5bd4-4695-a2fb-cc0b4db2955f/thumbnail/60x60/f1899534060c29e184d2bc632d0cf774/gettyimages-2215330730.jpg 9ee294e7-66a5-4e8e-bdfe-53e74066fa55 Musk suggests he may support primaries against Republicans backing budget bill /news/elon-musk-trump-big-beautiful-bill-primary-challenges/ Elon Musk, the world's richest person, reignited his criticism Monday of the Trump-backed One Big Beautiful Bill Act. Tue, 01 Jul 2025 01:12:02 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/06/9320526a-02d5-4874-8d97-fa0a8fd24270/thumbnail/60x60/b16a1b548b52c17ea7c1be49c3d9a175/gettyimages-2217849690.jpg 7475d365-3a47-455c-b89f-786827aca69f Why GE Appliances says it's ready to bring 800 jobs back to the U.S. /news/ge-reshore-800-jobs-to-the-us-why/ GE Applicances joins the list of companies investing in U.S. manufacturing in new tariff environment under President Trump. Mon, 30 Jun 2025 18:30:38 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/06/27/bd8fc62a-06cf-41b7-9d7f-5770323a179f/thumbnail/60x60/6c217d8b3c16ba6c33403b67a08e0a14/gettyimages-1179919437.jpg 44e71f8e-52bb-4c33-bccf-f4dd1aed8e05 Tariffs could mean fewer — and pricier — fireworks displays this July 4 /news/july-4th-fireworks-2025-tariffs/ The U.S. trade war with China has sharply curbed fireworks imports. "The timing of the tariffs couldn't have hit at a worse time," one industry rep says. Mon, 30 Jun 2025 17:52:03 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/30/8fbab02f-a8a9-4719-b871-fb80bda13fe1/thumbnail/60x60/c82e8b3ad6191d79be8c60bd2d44f509/gettyimages-2186458896.jpg 1488631f-f215-4480-9911-1dfb882dca1d Sweltering summer temps renew concerns about worker safety /news/workers-heat-safety-standard-amazon-ups/ Outdoor workers in jobs like construction and landscaping are especially at risk when the mercury soars, doctors say. Mon, 30 Jun 2025 16:29:14 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/27/f7658dba-432b-4802-9ba9-19a20b92ec6d/thumbnail/60x60/4926b219239fbdbea83afeb3c1311747/gettyimages-2221337115.jpg 715012c6-89ac-48cb-8448-cfca76138b9d Tinder pilots facial recognition safety feature in California /news/california-tinder-dating-app-facial-recognition/ Tinder is now requiring California users to verify their profiles using a facial recognition feature called "Face Check." Mon, 30 Jun 2025 16:06:40 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/06/30/fb83ed4e-8026-438b-8231-276c4ace169e/thumbnail/60x60/49c6225adbb4b79f5fd4ab92c4a043e4/gettyimages-2159216146.jpg 21887b0d-e574-4eee-9fb2-6c8b8b6e02cc WNBA expanding to Cleveland, Detroit and Philadelphia over next 5 years /news/wnba-expanding-cleveland-detroit-philadelphia/ Cleveland will begin play in 2028, Detroit in 2029 and Philadelphia the season after, assuming they get approval from the NBA and WNBA Board of Governors.. Mon, 30 Jun 2025 14:16:00 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/06/30/305dce1d-8c14-421f-b425-135dfb94e51d/thumbnail/60x60/760dbe2bf01558ffcb4eee0207bfdc61/wnba.jpg e07b0fb6-513f-4adf-9ba9-9f9338c8d9cb Senate version of Trump bill would hit renewable energy industry with new tax /news/senate-trump-big-beautiful-bill-renewable-energy-new-tax/ The GOP Senate version of the "big, beautiful bill" would raise the cost of wind and solar projects by 10% to 20%, one energy group estimated. Mon, 30 Jun 2025 14:08:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/30/65d9ffe4-b1f3-48d4-91ea-0d8e95adaf80/thumbnail/60x60/1086f71e26d7b985eb5bf3c8e9ebafc3/gettyimages-2218402219.jpg c8555421-9802-4614-aa05-d40f56344128 Nearly 150,000 pounds of bologna recalled over undeclared "source materials" /news/bologna-recall-undeclared-meat-poultry/ The bologna products, from Gaiser's European Style Provisions Inc., were distributed to wholesale and retail locations nationwide. Mon, 30 Jun 2025 10:33:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/06/30/3c8fe624-49a0-4a80-b0ab-37df9ba21141/thumbnail/60x60/24ddbf8bc1e38a358dba25ed8f0e3762/gettyimages-1182218923.jpg bddd724a-0fcf-45e0-a58f-47b2f9d79dfa Safety concerns arise over weighted baby sleeping products after warning /news/safety-concerns-arise-over-weighted-baby-sleeping-products-after-cpsc-warning/ Dreamland Baby and Nested Bean are among the products that major retailers, including Amazon and Walmart, have pulled from their shelves after warnings from the CPSC and American Academy of Pediatrics. Both companies say their products are safe. Thu, 13 Jun 2024 13:30:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2024/06/13/e122f247-738a-41e5-a706-3c4cf8a78025/thumbnail/60x60/4d4167dc0242e73c67c0f791367e19eb/0613-cmo-weightedinfantblankets-werner-mid.jpg 6aff8fb1-a036-464a-b294-a422a1c1f858 Americans lose millions to wire transfer fraud. Could banks do more to stop it? /news/wire-transfer-fraud-scams-banks/ "Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of putting it with a bank?" Fri, 19 Apr 2024 17:26:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2024/04/18/2ccbe4df-40d7-4c80-b485-48a3c9bebb1d/thumbnail/60x60/b64bded165851477ef82835a2e7a4359/cbsn-fusion-senators-want-banks-to-help-wire-fraud-victims-thumbnail-2846314-640x360.jpg 8b04cc69-654c-4ac7-b4cb-24d6deb5668b Marine veteran says Hertz falsely accused him of stealing a rental car /news/former-marine-arrested-charged-hertz-falsely-accused-him-stealing-rental-car/ Blake Gober spent a week in a Louisville jail shortly before his wedding. Tue, 17 Oct 2023 16:29:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2023/10/17/7f40a07e-cad7-4b9d-8c2f-36232af6ab2a/thumbnail/60x60/1cd26fd97bfbce844206b591b71b1864/1017-cmo-hertzarrestsfolo-werner-2377152-640x360.jpg 222d58f2-8158-4cd8-8cbc-0719d4a0a6be Woman loses $390,000 in online crypto dating scam /news/crypto-dating-scam/ A new report finds in 2021, cryptocurrency scam victims lost more than $7.7 billion. Tue, 22 Feb 2022 18:02:00 -0500 https://assets1.cbsnewsstatic.com/hub/i/r/2022/02/22/3b835ccd-de1c-4c21-8f02-0238759b5d26/thumbnail/60x60/7926fdf3a1b784f3b2525a96c8020473/0222-ctm-cryptoromancescams-902055-640x360.jpg e436d4e1-171a-428d-9135-f1235c1d838b Back surgery saved him from paralysis. Then the bills arrived: over $650,000 /news/back-surgery-saved-him-from-paralysis-then-the-bills-arrived-over-650000/ Frank Esposito, a tool and die maker from Long Island, New York, drained $49,000 from his retirement account and still owes over $220,000 Mon, 23 Sep 2019 06:31:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2019/09/20/d795ae44-b840-411d-95ce-5dcdf9e2b644/thumbnail/60x60/ef697b3f80a88e3a7114d69683c39a3a/frank-1.jpg b40cbcdc-31ae-4a1c-a96c-75fecd9baca8