MoneyWatch

Companies shelled out smaller than projected merit raises to rank and file employees while CEOs’ compensation rose faster than inflation last year. Employers pulled back on raises they had planned in November 2022 as labor shortages abate and companies look for savings as the economy slows, according to a compensation …

Following a deadly school shooting last month, Republican lawmakers in Tennessee have passed a proposal that would protect gun and ammunition dealers, manufacturers and sellers against lawsuits. The measure now heads to Gov. Bill Lee, despite pushback from Democratic lawmakers saying their GOP counterparts are trying to shield gun companies …

Advanced artificial intelligence is increasingly infiltrating our daily lives, including the working world, commerce and school. For those of us who are unsure how best to communicate with the new generation of AI-powered apps, you can purchase queries or inputs that effectively bridge the gap between humans and bots. Online …

High school seniors are now receiving their college acceptance letters, and perhaps a dose of sticker shock. The cost of some Ivy League colleges is approaching $90,000 a year, while elite liberal arts colleges are also boosting their total prices to more than $80,000 annually.  The seemingly endless upward spiral …

JetBlue announced on “CBS Mornings” that direct flights between New York and Paris will begin on June 29 and can be booked starting Tuesday. Roundtrip fares for flights heading from New York’s John F. Kennedy International Airport to Charles de Gaulle Airport in Paris start at $479. Trips starting in …

Consumer confidence dipped for the second straight month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans. The Conference Board reported Tuesday that its consumer confidence index slipped to 102.9 in February, from a reading of 106 in January. The business research group’s present situation index …

Advertisers bet big that viewers were turning to the Super Bowl for a comforting escape, and delivered a series of advertisements that relied on familiar celebrity faces, light humor and plenty of cuddly dogs. This wasn’t a year for edgy humor or experimentation. After the global pandemic, with economic uncertainty …

Online media company BuzzFeed plans to use artificial intelligence powered by OpenAI, the company behind ChatGPT, to help it generate content. In a memo distributed to BuzzFeed staff on Thursday and obtained by CBS MoneyWatch, CEO Jonah Peretti said AI will play an increasingly large role in the company’s operations. …

Last year, someone hid drugs inside a hair scrunchie and tried to get it past airport luggage scanners in Boise, Idaho. Workers at the Transportation Security Administration spotted the contraband, which now ranks No. 6 on the agency’s list of Top 10 strangest items found at airport security checkpoints in …

A Chick-fil-A in Hendersonville, North Carolina, illegally paid some workers with meal vouchers instead of wages, while also violating child labor regulations by using teenagers for hazardous work, the U.S. Department of Labor said. The DOL has fined the franchisee $6,685 following an investigation that found certain employees were asked …