Here is the latest Business News from CBS News.
How Clinton and Trump view Medicare and retiree health plans
The Democratic and GOP nominees have very different views, and your retirement security could hinge on who wins
What homeowners need to know about wildfire coverage
California’s devastating fires have many homeowners wondering if they’re covered, so don’t wait for disaster to strike
The growing costs of women in jail
Their numbers have jumped 14-fold since 1970, hurting their families and career prospects — and sometimes their health
Wacky things job candidates do to get noticed
Would you wear a Halloween costume to stand out in a job interview? It might work, or get you marched out the door
Cisco to slash 5,500 jobs in cost-cutting move
Networking gear maker says it needs to shift resources to faster-growing technology niches
“World’s largest aircraft” takes flight in maiden voyage
Dubbed the “flying bum” because of its distinctive appearance, the Airlander 10 can stay aloft for days at a time
Fed minutes: Conditions could “soon warrant” a rate hike
Central bank officials last month believed near-term risks to the U.S. economy had subsided
AT&T hikes prices for some plans, but raises data caps
Price increase underscores how wireless companies see data as a way to boost revenue; most plans now come with unlimited calls and texts
Would you buy a car from your smart phone?
One-third of people in a new survey would buy an auto online, much as they would in buying a shirt or a pair of shoes
Flying over Labor Day? Expect more company in the sky
Airline trade group forecasts 15.6 million passengers will fly over the upcoming Labor Day holiday, a 4 percent jump over 2015
Stocks dip as phone stocks fall, earnings hit retailers
Phone and utility stocks had been surging for most of this year as investors were attracted to their safety and high dividend yields
Retired people should plan to spend big on medical care, and other MoneyWatch headlines
Couples must budget at least $260K for medical costs during retirement; “Harry Potter” play tickets fetching more than $10K; and Google launches new video-calling app. These headlines and more from CBS MoneyWatch.
More small businesses put focus on a mobile-first strategy
More small businesses are recognizing that mobile not only needs to be part of their strategy but may need to be the primary marketing focus
Global stocks dip ahead of release of Fed minutes
Wall Street looked set for a weaker opening, with futures for the Dow and S&P 500 both off 0.1 percent
Target cuts outlook in “difficult” environment
The discounter’s second-quarter net income fell nearly 10 percent, though that was better than what most had expected
Barnes & Noble ousts CEO after a year
Struggling bookseller is working on a turnaround plan involving cost cuts and closing stores after years of weak results
Lowe’s doesn’t nail its earnings expectations
Unlike rival Home Depot, the home improvement chain’s second-quarter results missed on nearly every metric
Mexicans have the right to own guns, but few do
The country’s constitution guarantees that right, however, legally obtaining a firearm remains exceedingly difficult
When it’s time to pay college tuition
It’s great if you had the foresight to save, but even if you didn’t, here are some things you can do — and shouldn’t do
3 key choices couples face about retirement benefits
Decisions you make now can help ensure that your surviving spouse doesn’t wind up impoverished
More jobs for seniors, but not quite “golden years”
The labor market is more accommodating than it used to be, at least in terms of opportunity if not wages
Amid education cuts, teachers scrimp for school supplies
It’s now a back-to-school rite for educators: Cobbling together enough money to ensure that classrooms have the basics
Gawker sold to Univision for $135M
Spanish-language broadcaster won auction for Gawker Media, which was put on the block after Hulk Hogan case
U.S. tests expanded college aid for low-income students
A $5 million pilot program will cover previously ineligible courses offered jointly by colleges and businesses
Ford set to launch fully autonomous car by 2021
Designed specifically for ride-hailing or ride-sharing services, it will have no steering wheel or control pedals
Buffett warns of fake website using his name
Celebrated investor says he has nothing to do with online scheme touting work-from-home opportunities
Move over, “Hamilton”: “Harry Potter” is the new hot ticket
Resellers are hawking the tickets for as much as $10,700, but purchasers may be blocked from entry
Hedge-fund manager Cohen settles with commodities agency
In an earlier agreement with the SEC, Cohen was barred for two years from managing other people’s money
Nearly 15 years after 9/11, World Trade Center mall re-opens
365,000-square-foot center will have more than 100 stores, with about 60 opening Tuesday and the rest by the winter holiday season
Why can’t big insurers make Obamacare pay?
Aetna is the latest to abandon most of its exchange business. Why the Affordable Care Act is a money loser for big players
Feds approve higher fuel-efficiency standards for trucks
Environmental regulators say reducing large vehicles’ gas consumption will help combat global warming
Housing starts climb to highest level since February
Fueling the overall increase of 2.1 percent was a big jump in multifamily-building construction in the Northeast
Aetna to exit Obamacare program in multiple states, and other MoneyWatch headlines
Aetna to stop offering health plans through Obamacare exchanges in 11 states; Berkshire Hathaway gorges on Apple shares; and VW may face federal criminal charges in “dieselgate” scandal. These headlines and more from CBS MoneyWatch.
The best generic brands to save money
If you want to save money and are willing to give generic products a chance, here are some of the best private-label brands
Global stocks drift lower as investors await data
Futures augured a tepid start on Wall Street: Both Dow and S&P futures lost 0.1 percent
Price of life-saving EpiPen is soaring
Families with severe allergies often rely on EpiPens to deliver a dose of potentially life-saving medicine if a child has a bad reaction. But the cost of the EpiPen is surging, having risen by more than 480 percent since 2009, putting the pinch on many families. Vinita Nair reports.
Home Depot rides housing boom to record sales, profit
More Americans are funneling money into the homes they own, or putting personal touches on new ones
Aetna slashes Obamacare participation to 4 states
Major insurers say the exchange business generates large losses in part because of higher-than-expected claims
Consumer inflation in July shows no change over June
The flat reading in overall CPI includes the biggest drop in energy prices in five months
Growth of “S-Corps” cost Uncle Sam $790 billion in revenue from 2003 to 2012
Part of the problem is that definition of “small business” varies depending on who’s being asked the question.
Flood insurance facts
Here are some important facts about flood insurance homeowners need to know.
How can I get my aging parents to talk about money?
Speaking about money with family makes some seniors very uncomfortable — here’s how to get the conversation started
How Trump and Clinton would rebuild creaky infrastructure
Both nominees see the need for massive spending, but they differ widely in their approaches to this critical task
Warren Buffett ups stake in Apple, cuts Walmart
Billionaire’s company increases its holdings of iPhone maker while trimming its piece of the discount retailer
Tesla: Removal of “Autopilot” from Chinese site a mistake
Automaker has been under pressure to stop using the term Autopilot in the U.S. following a deadly crash involving the system
Mining and chemicals companies lead stocks higher
Chemical and mining companies are making the largest gains and energy companies are climbing with the price of oil
Apple’s $200B offshore cash stash, and other MoneyWatch headlines
Apple says “fair” tax rate could bring billions to U.S.; Hillary Clinton releases latest tax returns; Olympics boosts shares of Adidas, Under Armour, Nike. These headlines and more from CBS MoneyWatch.
Homebuilder sentiment rises as sales improve
New home sales accelerated in June at the fastest pace in more than eight years, aided by strong job growth and low mortgage rates
A Hail Mary retirement plan for those with nothing saved
Any money you can set aside can help you make retirement more comfortable — here’s what you need to do
Private health exchanges: Coming to your employer?
As more companies launch these mini-ACA exchanges, it creates new options for workers — as well as new complications
Disney stock could get some zip from video streaming
The media giant’s big move into this growing segment could allay investors’ fears of an ESPN slowdown
Global stocks edge higher as markets await U.S. data
Wall Street appeared poised for gains, with Dow and S&P futures both up 0.2 percent
Lululemon’s CEO sees lots of room to grow
CEO wants to double sales by 2020, push innovation in products like swimwear and menswear, and add more stores in North America
Hotels in 10 states and DC may have been hit by hackers
Hacked properties may include Hyatt, Sheraton, Marriott and Westin-branded hotels
Why closing costs vary so much from state to state
For example, Hawaiians pay a lot more to close on a home purchase than Pennsylvanians, but you can shop for savings
Horses to humans: 10 barns converted into cozy homes
They aren’t full of hay anymore — they’ve undergone serious remodeling and upgrades to become comfy country abodes
How much college debt is too much? Here’s your answer
College loans are clearly a national economic burden, but you have to see them through the lens of where you get a job
Dress like Simone Biles — for under $100
The Pennsylvania company that makes the U.S. gymnasts’ sparkly leotards worth $1,200 is selling replicas for far less
United flight attendants OK a landmark labor contract
The deal finally unifies United crews with those from Continental, which have been kept separate since the 2010 merger
Stores to customers: “Cash not welcome here”
More merchants are opting to go completely cashless, skipping out on the hassle and expense of coins and bills
Another blow for VW owners: millions at risk for key hack
Researchers say the keyless entry systems are vulnerable to security breaches, putting cars and their contents at risk
Suspension issues prompt Toyota recall
Recurring problem affects some 337,000 Toyota and Lexus vehicles
Boston building with Citgo sign sold; preservationists happy
University sells property with iconic logo to a local developer known for being sensitive to history
Fox News names Abernethy, Shine as co-presidents
New management structure comes in the wake of resignation of Roger Ailes last month amid allegations of sexual harassment
What’s behind Macy’s closing 100 stores?
Macy’s is closing another 100 stores next year as it faces slowing sales and fierce online competition. The locations have not been disclosed, but the country’s largest department store revealed it plans to sell its famous men’s store in San Francisco’s Union Square. Fortune magazine’s digital editor Aaron Task joins “CBS This Morning” to discuss the implications of Macy’s decision.
How great school districts boost home prices
Top schools don’t just add value to local homes — hundreds of percent worth in some cases — but also help them sell faster
Retail sales flat in July, a sign of consumer caution after gains
Americans spent less at clothing shops and appliance outlets; spending at grocery stores fell the most in more than five years
J.C. Penney reports smaller loss as sales improve
Retailer is looking for new ways to increase sales while playing catch up in e-commerce; one area that it’s betting on is appliances
U.S. producer prices slid 0.4 percent in July
Declining energy and food costs behind biggest drop since September, according to Labor Department
How to apply for a credit card when you’re unemployed
Even when you don’t have a job, you might still need a card for the security, convenience, rewards and benefits it offers
Three stock benchmarks rise to record highs, and other MoneyWatch headlines
The Dow, S&P 500 and Nasdaq rose together Thursday to record highs; retail sales were flat last month; and Arianna Huffington will leave the Huffington Post. These headlines and more from CBS MoneyWatch.
Stock indexes edge lower as investors weigh economic data
Health care companies and banks among the biggest decliners, as market comes off all-time highs set a day earlier
5 home improvement projects that aren’t worth investing in
The key is to pick the home improvement projects that are likely to yield the biggest benefits
Want to indulge? Wait is over for Deep Fried Twinkies
New take on classic treat from Hostess debuting in Wal-Mart; they come frozen, ready to be warmed and eaten
10 common pet health problems — and how much they cost
Consumers could spend $31 billion this year on pet care as advances in human medicine make their way to the animal world
Global stocks waver ahead of U.S. retail sales data
Wall Street looked set for a quiet open: S&P and Dow futures were flat
Cars that cost the most and least to maintain
Here’s one example on the high side: Over 150,000 miles, service and repairs for a Mustang will cost $27,100
Hot-air balloonists face a day of reckoning — and regulation
With Albuquerque’s huge balloon festival soon to launch, the stakes couldn’t be higher, for the industry and passengers
Trump touts childcare programs, but they’re for guests only
He told voters in Iowa earlier this year that he provided on-site child-care service for his employees, but there is no evidence these programs exist
Wall Street wins three gold medals on Thursday
All three major stock indexes finished at new highs on the same day for the first time since December 1999
Payday lending is evolving, and not for the better
Short-term lenders are increasingly turning to installment loans, partly as a way to avoid regulations
Meet the 8 women Trump just added to his all-male council
Republican presidential nominee is adding a feminine touch to his economic advisory team
The hidden reasons behind job burnout
And how stressed-out, depressed workers can try to get their groove back
A sign of the times? Macy’s closing another 100 stores
The nation’s largest department store chain finds many of its locations to be more valuable as real estate
World markets remain choppy on bearish oil outlook
Asian and European stocks zig and zag, while oil prices slide again following a prediction of softening demand
Arianna Huffington is leaving The Huffington Post
Editor-in-chief and founder of online media company says she is stepping down to focus on a health startup
Its growth slowing, Macy’s plans to close stores
Retailer will shutter 100 locations next year as the “world’s largest store” moves to cut costs
Applications for U.S. unemployment aid slip to a low 266,000
Claims below 300,000 for 75 consecutive weeks, the longest-such stretch since 1973, when the labor force was much smaller
Donald Trump says U.S. must fix aging infrastructure, and other MoneyWatch headlines
Republican presidential nominee cites low interest rates in calling for infrastructure repairs; Valeant investigated for insurance fraud; and San Jose becomes priciest U.S. housing market. These headlines and more from CBS MoneyWatch.
Meet the 25-year-old now among the richest billionaires
With his father’s death, Hugh Grosvenor inherits the rank of duke and a $12.3 billion fortune
Valeant shares tumble after report of fraud probe
Federal investigators looking at whether drugmaker hid links to pharmacy, WSJ reports
Trump wants U.S. borrowing binge for insfrastructure
“This is the time to borrow,” he says, citing low interest rates. How much? “A lot more” than $500B “to do it right”
America’s 10 most dangerous jobs
These workers routinely risk injury and sometimes death, even though many earn little more than a poverty wage
Are online travel sites providing biased information?
Hotels offering direct-to-consumer discounts allege that Expedia and Priceline are burying their room listings in retaliation
Who lives paycheck-to-paycheck? You might be surprised
Some three-quarters of American workers are just getting by, meaning the problem isn’t limited to low-wage earners
Former NFL player accused of defrauding investors
SEC says ex-Philadelphia Eagle Merrill Robertson Jr. and a partner took nearly $6 million from seniors, coaches and others
Good news for U.S. drivers, as gas prices slide
U.S. energy agency expects average nationwide fuel costs to head below $2 threshold by year-end
Nike just isn’t doing it lately
The athletic gear giant’s stock is the Dow’s worst performer as investors fret about slowing sales and rising competition
In Mexico, it’s avocado farms vs. the forest
Rising prices and increasing popularity in America are leading to deforestation in environmentally sensitive areas
Gas heading south of $2 per gallon, and other MoneyWatch headlines
Analysts predict sub-$2 gallon gas by October; Donald Trump sees a stock market “bubble;” and some lawmakers want Olympic medalists’ cash bonuses to be tax-free. These headlines and more from CBS MoneyWatch.
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