CBS Moneywatch

CBS MoneyWatch is a personal finance website under CBS News and part of CBS Interactive. It offers guidance on various topics such as retirement, investing, savings, careers, and real estate. The site began in April 2009 as an offshoot of BNET.com, which was previously known as the CBS Interactive Business Network. In November 2011, BNET and CBS MoneyWatch combined and moved to the CBSNews.com platform. Jack Otter serves as the executive editor of CBS MoneyWatch.

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What could happen to mortgage rates this May?

8 hours ago | cbsnews.com | Sharon Wu |Angelica Leicht

Mortgage rates remain higher than many homebuyers prefer right now as inflation persists and the Federal Reserve maintains elevated benchmark rates. And with May approaching, bringing both market changes and another scheduled Fed meeting, uncertainty looms. So what could happen to mortgage interest rates this upcoming month? We consulted mortgage lending experts to break down three possible scenarios for May's mortgage rates.
North Texas Catholics mourn Pope Francis, Cardinal Farrell leads transition

19 hours ago | cbsnews.com | Amelia Mugavero

Cardinal Kevin Farrell takes temporary leadership as North Texas Catholics mourn Pope Francis In Fort Worth and across North Texas, Catholics are continuing to pray on Wednesday for the late Pope Francis, who died April 21 at the age of 88. Now, in this period of transition, the task of temporarily leading the entire Roman Catholic Church falls on the shoulders of Cardinal Kevin Farrell, who was once the bishop of the Diocese of Dallas.
Metro Detroit woman on dialysis awaits lifesaving kidney after heartbreaking loss

21 hours ago | cbsnews.com | Meredith Bruckner

April is National Donate Life Month, and patients, doctors and organizations use this time to spread awareness of the importance of organ donation each year. Despite a rise in organ donation in recent years, the need continues to outweigh the number of people who are signed up to give. According to the National Kidney Foundation, more than 2,100 people in Michigan are on the waiting list for a lifesaving kidney.
JeffCo Public Schools using dogs to help Colorado students feel calmer, help learning in class

23 hours ago | cbsnews.com | Andrew Haubner

An elementary school in Jeffco Public Schools has "gone to the dogs," but the kids and their teachers are just fine with it. "They know he's a safe space for them," said Michelle Myers of Duncan the dog, who works with the Colorado students who attend Stony Creek Elementary School. "It can increase reading scores and lower stress for students," Myers said.
Son honors legacy of Twin Cities artist who survived the Holocaust in new exhibit

1 day ago | cbsnews.com | Jonah Kaplan

Holocaust Remembrance Day begins on Wednesday night in the Hebrew Calendar. It's being observed around the world, as well as in Minnesota. In St. Paul, a special art gallery is open featuring hundreds of works by Holocaust survivor Lucy Kreisler Smith, who immigrated to the Twin Cities after the war. Smith died three years ago but her son, Daniel Smith, hopes her art keeps her legacy alive forever. "With my mom, there's a triumph," Daniel Smith said.
Mayor Gainey tours Pittsburgh neighborhoods as his administration touts affordable housing successes

1 day ago | cbsnews.com | Chilekasi Adele

Affordable housing has been one of the issues central to the Democratic primary race for mayor of Pittsburgh. Mayor Ed Gainey is seeking to tout what his administration did to build and restore affordable homes, but his party challenger is pouring water on some of those figures. Democratic challenger Corey O'Connor did not attend Mayor Ed Gainey's affordable housing tour. He declined the invitation, saying it turned into a campaign rally. The tour went on, with five stops, including one in Oakland.
How has gold's price changed in 2025?

1 day ago | cbsnews.com | J.R. Duren |Angelica Leicht

Gold has enjoyed a stellar run so far in 2025. Amid periods of market volatility and an uncertain economic environment, the precious metal has climbed to multiple new price records this year, which has been due, in large part, to investors turning to gold as an inflation hedge and a way to diversify their portfolios.
"Not bending the knee": Judge seems sympathetic to law firm Perkins Coie's bid to block Trump executive order

1 day ago | cbsnews.com | Melissa Quinn

Washington — A federal judge on Wednesday sharply criticized the Justice Department over an executive order signed by President Trump that aims to punish the law firm Perkins Coie and appeared sympathetic to the firm's bid to permanently block the administration from enforcing it. U.S. District Judge Beryl Howell is considering Perkins Coie's request that she find the executive order issued by Mr. Trump in March unlawful and permanently stop its implementation.
Man posing as electrical worker accused of stealing over $6K from Philadelphia home, police say

1 day ago | cbsnews.com | Tom Dougherty

Police are investigating after they say a man posed as an electrical worker and stole over $6,000 and jewelry from a home in Philadelphia on Tuesday. The Philadelphia Police Department responded to a burglary report shortly before 6:30 p.m. on April 22 in the 1900 block of Fulmer Street in the city's Bustleton neighborhood. According to police, a man knocked on the victim's door around 4:30 p.m. Tuesday, claiming to be from an electric company.
5 credit card behaviors that could lead to big financial trouble right now

1 day ago | cbsnews.com | Angelica Leicht |Matt Richardson

In today's tough economic landscape, Americans are leaning on their credit cards more than ever before. Case in point: the total amount of credit card debt nationwide reached a staggering record of over $1.21 trillion in the fourth quarter of 2024, according to the latest Federal Reserve data. This represents a significant increase in card debt over the last few years, reflecting the financial pressure many households have been facing.