CBS News - Moneywatch

Banks handled trillions of dollars in "suspicious" transactions

Mon, 21 Sep 2020 22:08:33 GMT

Documents were unearthed by congressional committees looking into the 2016 U.S. presidential election.

As childhood hunger rises, key food-stamp benefit is ending

Mon, 21 Sep 2020 21:14:11 GMT

"We are seeing so many undernourished kids," says one physician as hunger soars amid the coronavirus pandemic.

U.S. household wealth hits record even as economy struggles

Mon, 21 Sep 2020 20:14:58 GMT

But gains flowed mainly to the most affluent households, as tens of millions endured job losses and shrinking income.

Amazon, Walmart donate to QAnon-supporting politician

Mon, 21 Sep 2020 15:17:01 GMT

State Representative Susan Lynn has posted on social media using QAnon phrases, but denies association with the movement.

Companies say insurers stiffing them over coronavirus losses

Mon, 21 Sep 2020 15:16:09 GMT

Businesses such as ailing Ralph Lauren claim they were insured against COVID-19. But they may be out of luck.

Crowns & Hops brews a movement of racial equity

Mon, 21 Sep 2020 14:49:35 GMT

Less than 1% of craft breweries in the U.S. are reportedly black owned, and Crowns and Hops Brewing Co. co-founders Beny Ashburn and Teo Hunter are working to change that. When they learned that closing the racial equity gap could grow the U.S. economy by $8 trillion by 2050 according to the W.K. Kellogg Foundation, they were inspired to launch the 8 Trill Pils Initiative.

Wall Street tumbles amid bank allegations, rising COVID-19 rates

Mon, 21 Sep 2020 14:46:43 GMT

Banks were profiting from illicit dealings with disreputable people and criminal networks, report alleges.

Nikola founder quits amid fraud allegations

Mon, 21 Sep 2020 12:59:10 GMT

Executive's departure comes just two weeks after the electric truck startup signed a $2 billion deal with GM.

Judge postpones U.S. curbs on WeChat

Mon, 21 Sep 2020 09:56:02 GMT

Move against similar app TikTok in limbo pending deal Trump backs that would have TikTok join with Oracle and WalMart to form a U.S. company.

Airlines plead for federal aid to prevent layoffs

Sun, 20 Sep 2020 22:39:32 GMT

The coronavirus pandemic has been particularly hard on the airline industry. Ridership numbers are still low, and some companies are keeping some seats empty to promote safety. Now, airlines are facing potential furloughs and layoffs. Kris Van Cleave reports.

Fashion during COVID

Sun, 20 Sep 2020 13:53:48 GMT

The $400-billion-a-year fashion industry has taken a hit during the pandemic, as clothing store sales plunged a record 79%. Correspondent Alina Cho talks with fashion designers Tory Burch and Tracy Reese, as well as retailers and fashion historians, about how businesses pivoted during COVID-19, and the industry's future prospects for the runway.

Fashioning a new future for the fashion world

Sun, 20 Sep 2020 13:43:22 GMT

The $400-billion-a-year industry has taken a hit during the pandemic, as clothing store sales plunged a record 79% – but some clothing designers see a silver lining

Yelp searches for Black-owned businesses jumped 7,000%

Sat, 19 Sep 2020 15:08:52 GMT

Since the recent Black Lives Matter protests, Black-owned businesses have seen a boom compared to last year, according to a report from Yelp.

Foot Locker turns all its stores into voter registration hubs

Fri, 18 Sep 2020 22:45:11 GMT

Shoppers at the athletic apparel retailer will be able to check their polling location or register to vote in-store.

Pandemic leaves domestic workers facing tough choices

Fri, 18 Sep 2020 22:36:10 GMT

Some nannies must choose between looking after other people's kids and get paid — or stop working to look after their own.

Feds charge 6 people with bribing Amazon employees

Fri, 18 Sep 2020 21:10:59 GMT

Suspects allegedly paid employees at the ecommerce giant to help some third-party sellers gain "unfair advantages."

Millions of Americans still may be eligible for stimulus check

Fri, 18 Sep 2020 19:22:45 GMT

In California alone, more than 1 million people have yet to claim the emergency relief payments.

NYC employees are returning to the office — is it too soon?

Fri, 18 Sep 2020 15:21:04 GMT

Major New York City companies are calling employees back to the office. Some health experts are worried.

Commerce Department bans use of TikTok and WeChat in U.S.

Fri, 18 Sep 2020 15:20:30 GMT

Order seeks to "combat China's malicious collection of American citizens' personal data," Commerce Secretary says.

Amazon's Prime Day: Deals at Whole Foods are on the menu

Fri, 18 Sep 2020 14:42:10 GMT

Amazon is adding Prime Day deals to the grocery chain to convince consumers to sign up for the Prime service