Using AI for financial advice? Here's what to watch out for.
CBSN
More Americans are turning to artificial intelligence to manage their finances. But the tech shouldn't be the only tool you rely on to deal with money matters, according to CBS News business analyst Jill Schlesinger. Edited by Aimee Picchi In:
More Americans are turning to artificial intelligence to manage their finances. But the tech shouldn't be the only tool you rely on to deal with money matters, according to CBS News business analyst Jill Schlesinger.
"I think AI can be great for general education. How do I read my pay stub? What's the difference between a Roth and a traditional IRA?" she told CBS Mornings co-host Nate Burleson. "But when you're making a big decision, it's kind of scary to rely on AI, which can hallucinate."
Schlesinger said Americans should also be careful when it comes to relying on financial influencers, or finfluencers, who offer advice and financial education on social media platforms.
"These folks are usually trying to sell you something," she said. "They're often not credentialed."
Exercising a degree of caution when using AI for financial advice is important, especially as more people lean on the technology to manage everything from their savings to their investments, experts say.
Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief, has been found guilty on all charges by a jury in Utah. The Associated Press contributed to this report. In:
The Kennedy Center's board of directors voted on Monday to shut down operations for two years as President Trump calls for a major overhaul of the D.C.-based performing arts institution. In:
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel last week told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit. Lucia I Suarez Sang contributed to this report. In:
The Cuban government is planning to allow Cuban nationals who live abroad — including in the U.S. — to invest in companies on the island, a top government official told NBC News in an interview that aired Monday, as the country faces economic collapse and immense pressure from the Trump administration.
U.S. Soccer and Nike on Monday unveiled new national team kits ahead of the 2026 FIFA World Cup. The collection includes two primary jersey, stars and stripes, as well as a new goalkeeper uniform. In:
Washington — The Supreme Court on Monday said it will consider the Trump administration's efforts to roll back temporary deportation protections for thousands of immigrants from Syria and Haiti. In:
Costco is recalling a meatloaf and potato meal kit in nearly 30 states because it may be contaminated with salmonella, the retailer said in a notice to customers. Edited by Aimee Picchi In:
Outspoken Border Patrol official Gregory Bovino is retiring from federal service at the end of this month, after being pulled away from a high-profile role leading immigration raids in major U.S. cities, two sources directly familiar with his decision told CBS News on Monday.
White House chief of staff Susie Wiles has been diagnosed with an early stage of breast cancer, she confirmed Monday. Jacob Rosen, Olivia Rinaldi and Caitlin Huey-Burns contributed to this report.
Hyundai Motor North America is halting sales of some 2026 Hyundai Palisade models and planning to recall more than 68,000 of the vehicles after an incident that resulted in the death of a child. Edited by Aimee Picchi In:
A Ring camera in Manchester, Tennessee, captured a delivery that went viral and led to thousands of strangers helping change a man's life. In:
Washington — President Trump is taking questions from reporters ahead of a meeting with the Kennedy Center board of trustees on Monday, which is taking place as the third week of Iran war is underway. Tucker Reals contributed to this report. In:
As the war in the Middle East drives up energy prices, Americans are feeling the pinch at the gas pump. With elevated prices likely to stick around in the near future, experts say there are some practical steps drivers can take to stretch their fuel a little farther. Edited by Aimee Picchi In: