In many communities at high risk for natural disasters, a Wall Street financing tool that’s gaining popularity, called a catastrophe bond, may make it easier for homeowners to get insurance. On Oak Island, North Carolina, homeowners who face annual hurricane risk are seeing the impacts firsthand. The interest in catastrophe bonds comes as insured property…
Federal regulators are accusing online real estate firm Zillow of paying rival Redfin $100 million to discourage competition in home rental advertising, harming both renters and property managers. In a lawsuit filed Tuesday in the U.S. District Court for the Eastern District of Virginia, the Federal Trade Commission alleged the companies struck an “unlawful agreement…
Actress Nicole Kidman has filed for divorce from her husband, country musician Keith Urban, after nearly 20 years of marriage, according to court documents obtained Tuesday by CBS News. The documents show that the 58-year-old Kidman filed for divorce Monday from the 57-year-old Urban in Davidson County Circuit Court in Nashville, Tennessee, where the couple…
As Yom Kippur begins at sundown on Wednesday, synagogues across the country are enhancing safety measures to protect worshippers. What You Need To Know As Yom Kippur begins at sundown on Wednesday, synagogues across the country are enhancing safety measures to protect worshippers According to the Anti-Defamation League, there were 9,354 reported acts of antisemitism…
Washington — The federal government will begin shutting down at 12 a.m. on Wednesday if lawmakers do not reach an agreement to extend government funding, an outcome that appears more and more likely as the deadline approaches. Republicans and Democrats have been at odds over how to fund the government as Democrats have pushed for…
A government shutdown on Wednesday would have the potential to disrupt a multitude of federal activities — but people with student loans are expected to continue making their repayments, according to the U.S. Department of Education. People with student loans “will still be required to make payments on their outstanding student debt,” the Education Department…
Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in Tuesday trading. The Stockholm-based streaming giant said Ek will be replaced by two lieutenants who will become co-CEOs: Chief Product and Technology Officer Gustav Söderström and Chief Business Officer…
Americans worried that a looming U.S. government shutdown could derail their plans to take out a mortgage or refinance their home loan can breathe easy — mostly. Housing experts says lenders will continue processing mortgages as usual even if federal agencies close shop, while noting that a shutdown could lead to hitches for borrowers applying for government-backed…
Washington — A federal judge in Massachusetts ruled Tuesday that Homeland Security Secretary Kristi Noem and Secretary of State Marco Rubio violated the First Amendment by targeting pro-Palestinian students for deportation in order to strike fear into international students and curb lawful speech. In a 161-page decision, U.S. District Judge William Young delivered a blistering…
Timelapse: “CBS Mornings” returns to Studio 57 Timelapse: “CBS Mornings” returns to all-new Studio 57 00:31 “CBS Mornings” is home: The morning news franchise is back at CBS News’ Broadcast Center and broadcasting from a brand new studio. “CBS Mornings” and “CBS Mornings Plus” returned to the all-new Studio 57 on Monday morning, and “CBS…