Page Updated: Saturday, May 18, 2024 9:09 PM ET

CBS News - Business

Samsung trolls Apple after failed iPad Pro "crush" ad -- Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark." -- May 17

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Dow closes above 40,000 for first time, notching new milestone -- Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs. -- May 17

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Mercedes-Benz workers in Alabama vote against joining the UAW -- Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.

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TikTok says it's testing letting users post 60-minute videos -- TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube. -- May 17

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Apple agrees to $35 million settlement with some iPhone 7 users -- The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs. -- May 17

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Looking to purchase a home? These U.S. cities are the most buyer-friendly. -- A wave of new construction has turned cities in Texas and Florida into the country's friendliest markets for homebuyers. -- May 17

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U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies -- Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker. -- May 16

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Chevy Bolt owners win $150 million settlement after EVs caught fire -- Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires. -- May 17

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Biden's Chinese EV tariffs don't address lingering national security concerns -- The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons. -- May 17

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3 MOVES TO AVOID AS GOLD'S PRICE RISES -- Considering buying gold at today's high price? Then you'll want to avoid making these three moves.

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What is the price of gold today?

7 months ago

3 REASONS TO INVEST IN GOLD AS INFLATION COOLS

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How much interest would a $10,000 6-month CD earn now? -- You could earn a significant return on your money simply by depositing some of it into a six-month CD right now.

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Why you should open a 6-month CD this May

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What are today's CD interest rates?

11 months ago

3 reasons to use home equity before June -- Are you considering a home equity loan or HELOC? Here's why you may want to apply before June.

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What are today's home equity loan and HELOC interest rates?

11 months ago

Home equity levels are rising: 3 reasons to tap in now

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Tesla sales drop as competition in electric vehicle market heats up -- Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.

1 month ago

Virtual valentine: People are turning to AI in search of romance -- The generative artificial intelligence boom has led to the emergence of romantic companion bots.

3 months ago

Apple halting Apple Watch Series 9 and Ultra 2 sales. Here's why. -- Apple said it will stop selling the devices later this month in order to comply with a U.S. import ban.

5 months ago

Elon Musk restores X account of far-right conspiracy theorist Alex Jones -- Alex Jones, the conspiracy theorist known for his fake news site InfoWars and his false denial of the Sandy Hook massacre, was permanently banned from Twitter in 2018.

5 months ago

Think twice before scanning a QR code - here's why -- More than 90 million consumers will scan a QR code this year. But the technology can also facilitate identity theft.

5 months ago

Elon Musk says advertiser boycott at X could "kill the company" -- The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."

5 months ago

OpenAI says Sam Altman returning as CEO days after board sacked him -- OpenAI co-founder Sam Altman says he's looking forward to returning to the company, with the support of Microsoft's CEO, to build the 2 companies' "strong partnership."

5 months ago

Elon Musk says X will donate ad, subscription revenue tied to Gaza war -- Musk, who is under fire for supporting an antisemitic post, said the money will be donated to hospitals in Israel and to the Red Cross in Gaza.

4 months ago

Microsoft hires Sam Altman 3 days after OpenAI fired him as CEO -- Altman landed at Microsoft, the biggest investor in OpenAI, as former Twitch leader Emmett Shear was named OpenAI's new chief executive.

5 months ago

This small U.S. town is considered the best place to retire. Here's why. -- With a relatively low average monthly cost of living and a low crime rate, this little-known town has a lot to offer retirees according to one report.

22 days ago

Two-thirds of boomers nearing 65 don't have enough saved for retirement -- The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.

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Here's how much Americans say they need to retire -- Americans are underprepared for retirement, with the average account holding just $88,400 in savings.

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America's retirement age of 65 is "crazy," BlackRock CEO says -- BlackRock CEO Larry Fink said that longer life expectancies are "putting the U.S. retirement system under immense strain."

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Some Americans want a 40-year retirement. Can they afford it? -- About 1 in 8 workers think they'll retire by age 61. But the reality of saving for decades of expenses is daunting.

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