Aimee Picchi

1 week ago | cbsnews.com | Aimee Picchi |Alain Sherter

The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League school's tax-exempt status. A final decision has not yet been made by the IRS, CBS News' Aaron Navarro reports. But the effort comes after Mr. Trump on Tuesday suggested that Harvard could lose its tax exemption. The tax agency's move to consider whether to strip Harvard of its designation as a 501(c)(3) organization was earlier reported by CNN.

1 week ago | cbsnews.com | Megan Cerullo |Aimee Picchi

Tariffs could make Shein and Temu products more expensive Shein and Temu, two popular Chinese e-commerce sites known for their low-cost items, say they will raise prices for U.S. consumers starting next week, a move that comes amid President Trump's 145% tariff on imports from China and the end of a trade loophole. The sites are popular with U.S. shoppers because of their low prices, with a focus on fast fashion.

1 week ago | cbsnews.com | Aimee Picchi |Alain Sherter

President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough."Mr. Trump's comments on his social media app, Truth Social, comes after Powell delivered a speech on Wednesday that warned of the potential consequences of the Trump administration's trade war, while reiterating that the central bank plans to hold interest rates steady for now.

1 week ago | cbsnews.com | Megan Cerullo |Aimee Picchi

Zoom, the popular video communications service, was down for tens of thousands of users Wednesday, according to website tracker Downdetector. At around 3:00 p.m. EST Wednesday, roughly 68,000 users reported problems using the videoconferencing tool. Most Zoom customers reported issues using the web application, while many also said they couldn't successfully use the mobile app, according to Downdetector. The outage appeared to be widespread across the U.S., according to user complaints.

1 week ago | cbsnews.com | Aimee Picchi |Alain Sherter

"Make Indiana Healthy Again" program removes candy, soda from SNAP benefits The federal food stamp program is facing scrutiny in some states that want to block enrollees from using their government benefits to buy soda and candy. Three Republican-led states — Arkansas, Idaho and Indiana — on Tuesday moved to ban purchases of soda and candy with benefits provided by the Supplement Nutrition Assistance Program (SNAP).