Moneywatch - CBSNews.com / Moneywatch From CBSNews.com Sat, 17 May 2025 22:50:27 -0400 5 Trump warns Walmart against raising prices, tells company to "eat the tariffs" /news/trump-walmart-prices-tariffs-response/ Walmart this week warned​ that everything from bananas to children's car seats could increase in price despite the softer tariffs on China. Sat, 17 May 2025 21:12:34 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/15/05b6dc84-3cee-4e1f-8b77-874533bcf439/thumbnail/60x60/cfd97d1c69e86fc32b1733a516847de1/gettyimages-1878347043.jpg?v=6df9366690ed146f169dd0670c453f91 0f39e8fd-ed25-49f3-b177-6c5c09841f9a Trump warns Walmart against raising prices, saying they should "eat the tariffs" /video/trump-warns-walmart-against-raising-prices-saying-should-eat-tariffs/ President Trump warned Walmart against raising prices on Saturday, telling the nation's biggest retailer and grocer to "eat the tariffs." His post comes two days after Walmart's CEO said prices could rise amid Mr. Trump's trade war with China and other nations. Willie James Inman reports. Sat, 17 May 2025 20:31:00 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/05/17/353f763b-413e-4018-888b-501cc03e4e32/thumbnail/60x60/e2c1871f9577bfd5fb632c3aa2894802/gettyimages-2215034677.jpg?v=6df9366690ed146f169dd0670c453f91 eb2d5ca5-bce4-4512-9ce4-73e73b756256 Moody's downgrades U.S. credit rating, citing rising government debt /news/us-credit-rating-downgraded-by-moodys-loses-aaa-status/ Moody's lowered its rating on U.S. debt from Aaa to Aa1, pointing to sustained increase in federal debt and interest payments. Fri, 16 May 2025 19:18:32 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/16/c80abb8d-33d2-4180-978b-ef7a451ab8c3/thumbnail/60x60/29a182938bb97442bc20d8033b715ee9/gettyimages-1362920183.jpg?v=6df9366690ed146f169dd0670c453f91 c6b5448d-e06a-4378-ba61-2b8d7aebebc0 How much could you save in taxes if the GOP bill is signed into law? /news/gop-tax-bill-one-big-beautiful-bill-impact-by-income-group/ The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show. Fri, 16 May 2025 18:37:44 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/03/25/d6883395-5bc7-4bdd-a308-9496fa98475b/thumbnail/60x60/242c7739c46a17e16a7acbee1098ab8d/johnsontrump.jpg?v=6df9366690ed146f169dd0670c453f91 34126d8e-f3d7-4499-bae1-f37af86b2da3 Kroger customers overcharged for items on sale, Consumer Reports finds /news/krogers-price-tags-overcharges-consumer-reports/ Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others. Fri, 16 May 2025 17:37:03 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/14/7faa9a90-6e08-4561-a965-9743add58268/thumbnail/60x60/58522b0ff4fbe897d5c0858a71e5aa4e/gettyimages-2190865110-594x594.jpg?v=6df9366690ed146f169dd0670c453f91 93b28c32-5330-4092-ad52-a87268ce3f00 Calligraphy created by executed assassin breaking auction records /news/calligraphy-ahn-jung-geun-assassin-breaks-auction-records-south-korea/ Ahn Jung-geun is best known for his dramatic assassination of Japan's first prime minister in 1909 at a railway station. Fri, 16 May 2025 15:10:11 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/16/bf3b6beb-2968-411c-8216-5527024e8927/thumbnail/60x60/7d965effae9f36c4ec6b02bc1ed7b6c6/gettyimages-2214682061.jpg?v=6df9366690ed146f169dd0670c453f91 236f5b42-3ce1-420a-9688-436112becce8 Mexican government opposes remittance provision in Trump tax bill /news/mexican-government-opposes-remittance-trump-tax-bill/ House Republicans have included in Trump's domestic policy bill a 5% tax on cash payments sent by non-citizens to family in their home countries. Fri, 16 May 2025 14:32:19 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/05/16/f2f91648-5aa0-43f2-8341-58a72ee91f82/thumbnail/60x60/f1d2acb786224636158bb8c335372b7c/gettyimages-2178881475.jpg?v=6df9366690ed146f169dd0670c453f91 03e0941e-62fa-4787-a527-94cf8b284935 Apple blocks access to Fortnite on iPhones, video game company says /news/apple-fortnite-blocked-apple-ios/ Apple has blocked access to the game on iPhone devices in the United States and the European Union, according to Fortnite. Fri, 16 May 2025 14:03:31 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/16/4552f244-4fbd-49b7-bc09-e87ff3f50a95/thumbnail/60x60/b282aaca2b481a642af57bc5866e73d3/gettyimages-1248064091.jpg?v=6df9366690ed146f169dd0670c453f91 36ffa030-c182-4ac6-a037-49a784b38554 Home electricity bills forecast to reach a 12-year high this summer /news/electricity-bill-summer-2025-inflation-high-temperatures-neada/ High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says. Fri, 16 May 2025 13:17:34 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/16/6ff16f95-b777-42fa-877f-bb6aba5b4c0f/thumbnail/60x60/19726bc3f33946a0b147192f67b638a1/gettyimages-1433504114.jpg?v=6df9366690ed146f169dd0670c453f91 8a4fe2bc-5f38-4e34-abcc-c376cfc95dba Consumer confidence falls to lowest level in 3 years amid inflation fears /news/michigan-consumer-sentiment-index-may-2025/ Weakening consumer confidence and mounting uncertainty could hit spending, economists warn. Fri, 16 May 2025 11:29:15 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/16/d5c80a71-2b9e-49f1-b09e-51d173ff8260/thumbnail/60x60/0f2a8182b39fcea1bbd50ae094748b8c/gettyimages-2198547051-594x594.jpg?v=6df9366690ed146f169dd0670c453f91 f57cf91c-ba1c-4435-903d-ecf598d9fac9 Walmart CEO warns prices will rise due to Trump tariffs /video/walmart-ceo-warns-prices-will-rise-due-to-trump-tariffs/ The world's largest retailer says new import tariffs will force price hikes, raising concerns about inflation and how it could affect American shoppers. Jo Ling Kent reports. Fri, 16 May 2025 10:48:00 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/05/16/8cceae43-834f-4cae-b93c-cbf539893857/thumbnail/60x60/8e6943cae01af1a161e7217c2990d644/0516-cmo-kent.jpg?v=6df9366690ed146f169dd0670c453f91 210490ed-3d4d-4e00-b79b-6fec388b16ea Most Americans don't earn enough to afford costs of living, study finds /news/cost-of-living-income-quality-of-life/ The bottom 60% of U.S. households don't make enough money to afford a "minimal quality of life," according to a new analysis. Fri, 16 May 2025 10:32:11 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/13/d5cffbfd-c43c-4ebf-a1fb-426122e8673c/thumbnail/60x60/545f8086dc4606d87e6c555fbb3e89c5/gettyimages-1509520946.jpg?v=6df9366690ed146f169dd0670c453f91 5888ef20-36d0-46f1-8c02-fd4745627b6e Novo Nordisk CEO, who led company into weight-loss drugs, to step down /news/novo-nordisk-ceo-lars-jorgensen-weight-loss-drug-wegovy-to-step-down/ Novo Nordisk, maker of weight loss drug Wegovy, says CEO Lars Fruergaard Jorgensen is leaving the company by "mutual agreement." Fri, 16 May 2025 10:09:14 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/16/e7ad6a06-1b16-4310-8a5a-f83994324439/thumbnail/60x60/f04fda20e4edfda50907feb5551f4be4/gettyimages-2174203730.jpg?v=6df9366690ed146f169dd0670c453f91 e3b7159f-e17d-4097-976d-660143ecd02a Trump says U.S. will set tariff rates for most nations within weeks /news/trump-tariffs-set-rates-for-other-nations-within-weeks/ President Trump said his administration "will be sending letters out" in two to three weeks to alert other nations of the tariff rates the U.S. will impose. Fri, 16 May 2025 09:51:09 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/14/be5257fe-1c22-4d8e-98f5-832a40006738/thumbnail/60x60/f6b521e91d2a316c90076c50d7d7cdf3/gettyimages-2214140414.jpg?v=6df9366690ed146f169dd0670c453f91 93115d46-68e7-45fd-a1e8-47e237b6e632 Charter and Cox to merge in blockbuster $34.5 billion cable deal /news/charter-cox-merger-cable/ Charter Communications' merger with Cox Communications will combine two of the top three cable companies in the U.S. Fri, 16 May 2025 09:49:27 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/16/c465edb8-6aff-49be-973d-cd300fc2af95/thumbnail/60x60/f3f3c2911b4a28b85267232c116656d4/gettyimages-2205113647-594x594.jpg?v=6df9366690ed146f169dd0670c453f91 f7533162-5f91-4f46-aaa1-80ce5bc03329 These airlines had the most and least passenger complaints in 2024 /news/best-worst-airlines-complaints/ Complaints against U.S. airlines soared to a record high in 2024 as carriers struggle with flight cancellations and delays, analysis finds. Fri, 16 May 2025 09:24:39 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/14/01038114-7928-4672-b77c-4ea8edc0dc04/thumbnail/60x60/826ad9e68929ea9f1aaee8f4e6748513/gettyimages-1550457450.jpg?v=6df9366690ed146f169dd0670c453f91 fc15f6bb-a603-4e75-8bd8-84b7593b3438 David's Bridal expands offerings from DoorDash deliveries to couture /news/luxury-davids-bridal-diamonds-and-pearls/ From $99 dresses on DoorDash to bespoke gowns, David's Bridal strives to charm every kind of bride. Fri, 16 May 2025 09:04:24 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/15/b189763d-ea00-43a6-8b32-80ffc86e3c12/thumbnail/60x60/f923a04621f894b3ed0878a6e33b7317/diamonds-and-pearls-4.jpg?v=6df9366690ed146f169dd0670c453f91 8a4f3a92-3bb1-44b0-b75d-ab5eda198d4d Walmart says it plans to raise prices despite lower U.S. tariffs /news/walmart-tariffs-price-hikes/ The world's largest retailer said wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low. Thu, 15 May 2025 21:47:35 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/15/05b6dc84-3cee-4e1f-8b77-874533bcf439/thumbnail/60x60/cfd97d1c69e86fc32b1733a516847de1/gettyimages-1878347043.jpg?v=6df9366690ed146f169dd0670c453f91 5c0995d8-c24c-4079-9c1b-0ed213ec86f6 Small businesses face financial whiplash from Trump's changing tariffs on China /news/small-businesses-financial-whiplash-trump-tariffs-china/ Many U.S. businesses are facing a dilemma of whether to pay more to ship from China at the current tariff rate of 30%, or wait in the hope that the Trump administration will lower the tariffs further. Thu, 15 May 2025 20:53:45 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/16/3c019ff8-5d84-4c15-8bbd-5d37533ddc44/thumbnail/60x60/771774cce4ae61fb7f92520a19dd1def/1747356606397.png?v=6df9366690ed146f169dd0670c453f91 64ee618b-a9d9-4ff2-b711-b6e88f75bd2c Is TikTok down? Here's what to know. /news/tiktok-down-outage-downdetector-thousands-affected/ Tens of thousands of TikTok users reported the social media service was down on Thursday, according to Downdetector. Thu, 15 May 2025 18:29:58 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/02/14/c1919120-c6f0-4423-991a-d286d9db7657/thumbnail/60x60/9fb2efe38d9f58a1b5a38d4031a3988f/cbsn-fusion-google-apple-return-tiktok-to-us-app-stores-thumbnail.jpg?v=6df9366690ed146f169dd0670c453f91 513b0d16-1969-49e5-bca1-409c446096e4 Toxic environments are pushing workers to speak up, in some cases quit /news/is-your-workplace-toxic-how-to-know-when-to-quit-job/ There's a difference between an occasional disagreement and persistent abuse. Here's what to know. Thu, 15 May 2025 16:48:22 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/15/de145ced-1873-440b-b728-1b3ee7796f56/thumbnail/60x60/4485d071384d88971ae4433fdfcc4adc/gettyimages-2184113556.jpg?v=6df9366690ed146f169dd0670c453f91 6e2f8a05-5d94-4b26-a0da-115c5697d21a Why there's no tax break for Social Security benefits in the new tax bill /news/social-security-income-tax-benefits-trump-one-big-beautiful-bill/ Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each year. Thu, 15 May 2025 16:22:13 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/06/69ceb332-68cd-4add-8c02-6596fda466ae/thumbnail/60x60/e1e58e295b1f7dad09994392b6a0b330/cbsn-fusion-more-social-security-recipients-say-being-marked-dead-by-mistake-thumbnail.jpg?v=6df9366690ed146f169dd0670c453f91 7a7ddd5e-f24b-4a4b-a905-11ad929b17bc Fed chief Jerome Powell warns that U.S. could face "supply shocks" /news/fed-powell-trump-tariffs-supply-shocks-2025/ The Fed's warning echoes that of analysts who say U.S. companies could face inventory shortfalls as a result of tariff-induced supply chain issues. Thu, 15 May 2025 14:07:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/05/07/2e441b6e-63b6-4c7e-8096-ca441c050b91/thumbnail/60x60/91d44b2fd999d4f02b4f974fe9685336/cbsn-fusion-behind-the-fed-decision-to-hold-interest-rates-steady-thumbnail.jpg?v=6df9366690ed146f169dd0670c453f91 540d4012-faab-4142-acd1-ce9998ffc98a GOP bill proposes new tax cuts. Here's how it could impact your money. /news/trump-tax-cuts-overtime-social-security-senior-deduction/ A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know. Thu, 15 May 2025 13:07:32 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/04/16/367a03f8-2b8c-497a-a375-9a68c4e2a4b0/thumbnail/60x60/d45f1ce2bb88dec5b9089abdda457106/gettyimages-1126336374.jpg?v=6df9366690ed146f169dd0670c453f91 b143d8d5-460a-42a2-9464-004f3a988bcf Ford recalls nearly 275,000 SUVs over possible brake damage /news/ford-recall-suv-lincoln-navigator-expedition-brake-damage/ A bent brake line caused by faulty assembly may lead to reduced brake function, putting the driver and others on the road in danger. Thu, 15 May 2025 12:10:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2022/05/19/aa4d93c5-b4d3-4a98-ad5a-34c7b1b24f74/thumbnail/60x60/e027f10e5ee3223979236fea59c16cd9/gettyimages-1230459567.jpg?v=6df9366690ed146f169dd0670c453f91 5637b9c5-9ea5-4ea2-ab58-df8b5fe6b4d4 Here's where it's toughest for the middle class to find an affordable home /news/real-estate-home-buying-affordability-gap-middle-class-where-its-worst/ Households earning $75,000 can afford only 1 in 5 for-sale homes, down from half of all listed properties before the pandemic, a new study finds. Thu, 15 May 2025 11:13:26 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/02/05/da9b0520-4a66-428f-b17e-00e3c37bc374/thumbnail/60x60/80f5bb4d450299d65e6f57ad16373cf3/gettyimages-522508235.jpg?v=6df9366690ed146f169dd0670c453f91 6ede2389-5c57-4710-b5b2-969c3c555a8e Dick's Sporting Goods to buy ailing Foot Locker for $2.4 billion /news/dicks-sporting-goods-foot-locker-stock-tariffs/ Foot Locker is the second major U.S. shoe company to be acquired in recent weeks as tariffs hit footwear industry. Thu, 15 May 2025 11:08:36 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2023/03/29/ac57ffe4-06d7-46c7-a87d-4f8745e96ae5/thumbnail/60x60/78f993d7a3b1a8cf0f71023cae2c84c5/foot-locker.jpg?v=6df9366690ed146f169dd0670c453f91 920e6154-2e9f-4c2b-a60e-9afa25fc3ecc Energy Star program faces possible shutdown amid federal budget cuts /video/energy-star-program-faces-possible-shutdown-amid-federal-budget-cuts/ As the government looks to trim spending, the EPA's long-running Energy Star program known for labeling energy-efficient appliances is on the chopping block. Nancy Chen explains what that could mean for consumers. Thu, 15 May 2025 10:50:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/05/15/bfb91f7f-67cd-401d-9beb-c1a19d702965/thumbnail/60x60/f90337ce0c5a16c75d6f10ab53cb445a/0515-cmoplus-nchen-1.jpg?v=6df9366690ed146f169dd0670c453f91 e68b5625-e76e-4679-8f5b-7447ba81749b Starbucks workers are striking over the chain's new dress code /news/starbucks-strike-new-dress-code-barista/ More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday, protesting the coffee giant's new dress code. Thu, 15 May 2025 10:00:03 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/02/24/c4c6ede2-120a-49dd-946c-24c140d6ecc1/thumbnail/60x60/b20a498367efa1622c00db7f3c984496/gettyimages-520154268.jpg?v=6df9366690ed146f169dd0670c453f91 5082da83-3015-4d0c-a161-010745e8a7ed Nissan lays off 15% of its global work force amid falling sales /news/nissan-global-layoffs-sales-sinking-2025/ Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results. Wed, 14 May 2025 11:16:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2024/12/02/94248b01-9ae4-425b-8e0a-fe99ed7fbb8c/thumbnail/60x60/62185bf7f070f3f24f3ca98a3b8806df/nissan.jpg?v=6df9366690ed146f169dd0670c453f91 4ec35828-e47d-4c4f-a758-883e23a4e9c9