Julie Chang

CBS Radio rose to prominence in the early days of World War II when legendary newscaster Edward R. Murrow provided live coverage from London rooftops during Germany's bombing raids.

The cuts are part of a broader layoff affecting about 6% of staff.

Editor-in-Chief Barry Weiss, who took over in October, is seeking to overhaul CBS News.

Coming up, the cost of beef is going up, but fast food chains keep offering discounts, pressuring profit margins.

That story and more after the break.

We exclusively report that UBS has received a license to offer full-service banking in the U.S.

The Americas are already the Swiss bank's biggest region for wealth management, and UBS hopes that adding checkings and savings account services will help attract new customers in the U.S.

That could help the bank expand beyond its traditional super-rich client base into a bigger pool of wealthy customers.

And turning to the food industry, fast food restaurants have been struggling with the rising cost of beef, but they're still serving up discounts.

Federal data shows beef prices are up 48% over the past 12 months at the wholesale level, and those prices are expected to stay high.

But as traffic to fast food chains began to fall in 2024, companies started to dish out more deals.

And this year, companies are going further.

For example, McDonald's will launch a $3 and less menu next month.

And the combination of more discounts with higher costs only increases the pressure on fast food companies' profit margins.

And heads up, we dropped a special bonus episode earlier today.

In the latest What's News in Earnings, we look at how retailers are dealing with inflation and price-conscious shoppers.

That's in your What's News feed now.

Across the country, there's an effort underway to remove Cesar Chavez's name from buildings, parks, and more after revelations this week of allegations that the late labor and civil rights icon abused women and girls.

According to the Institute of Education Sciences, nearly 80 public schools in 15 states are named after Chavez, and his legacy looms largest in California, where 43 public schools are named after him.

Yesterday, state lawmakers moved to rename Cesar Chavez Day on March 31st to Farm Workers Day.