5 credit card perks that can help you fight inflation
Whether your goal is to pay off debt or save money, credit cards offer rewards and benefits that can make a difference.
Economy
Target's shares tumble after cutting orders amid inventory glut
Americans have pivoted from pandemic spending, faster than some retailers expected. Target shares tumbled in pre-market trading.
Summit of the Americas kicks off in Los Angeles
The United States is hosting the Summit of the Americas in Los Angeles. The gathering includes world leaders from across North, South and Central America. Eric Farnsworth, the vice president of Council of the Americas, joined CBS News' Lana Zak to discuss the summit.
Open: This is "Face the Nation with Margaret Brennan," June 5
This week on “Face the Nation with Margaret Brennan,” we try to understand what the country wants to see happen when it comes to new gun control laws in the wake of the Uvalde and Buffalo shootings. Plus, a look at the state of the economy and a preview of the Jan. 6 hearings.
Stocks close down despite upbeat jobs report
The U.S. added 390,000 jobs in May and unemployment remained flat at 3.6%, according to the latest jobs report from the Labor Department, but stocks closed the week in the red. CBS News' Elaine Quijano spoke with Lori Bettinger, president of BancAlliance and former director of the federal Troubled Asset Relief Program, about how this affects your paycheck.
This week on "Face the Nation with Margaret Brennan," June 5, 2022
Rep. Adam Schiff, Sen. Pat Toomey, Dr. Walter J. Koroshetz and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Biden responds to Elon Musk's economic doubts
President Biden on Friday responded to Elon Musk's recent doubts about the U.S. economy, saying he wished the Tesla CEO "lots of luck on his trip to the moon." According to Reuters, Musk said in an email to Tesla executives Thursday he has a "super bad feeling" about the economy and he said in an email to employees Friday that he'll be cutting about 10% of workers.
U.S. employers added 390,000 jobs in May
U.S. employers added 390,000 jobs in May, according to the Bureau of Labor Statistics. The unemployment rate stayed at 3.6% for the third straight month. Senior economist at Glassdoor, Daniel Zhao, joined CBS News' Anne-Marie Green and Vladimir Duthiers with reaction to these latest figures.
Musk reportedly wants to cut 10% of Tesla workforce
Tesla shares fell more than 7% on a report the CEO is considering layoffs over a "super bad feeling" about the economy.
Jamie Dimon: Interest rates, war will cause economic "hurricane"
It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.
U.S. strengthens trade ties with Taiwan
The Biden administration has announced new trade initiatives with Taiwan to strengthen economic ties, focusing on supply chains, clean energy, labor rights and technology exports. Tensions between Washington and Beijing are already high after President Biden promised to defend Taiwan if it was invaded. Shelley Rigger, a political science professor at Davidson University, joined CBS News' Elaine Quijano to discuss.
Parents facing mounting stress
Issues like the COVID-19 pandemic, an unstable economy and fear of violence are causing more parents anxiety. Dr. Howard Stevenson joins "CBS News Mornings" with more insight and information to help cope.
5/31: Red and Blue
Congress discussing bipartisan gun control bills; Biden looks to curb inflation
Layoffs hit 20-year low in April as job market stayed tight
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high.
White House adviser talks fighting inflation
The U.S. is struggling with some of its highest levels of inflation in four decades. Heather Boushey, who is on the White House’s Council of Economic Advisers, joins CBS News to discuss the Biden Administration’s plans to address its new top economic priority, inflation.
Stocks slip after EU agrees to partial ban on Russian oil
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
Summer travelers can expect sticker shock experts say
With domestic airfares averaging over $400 a round trip, "Europe is the best travel bargain out there," says one expert.
Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Key inflation gauge eases for the first time since 2020
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
Travelers, costs up for Memorial Day weekend
An estimated 39.2 million Americans are expected to travel over the holiday weekend, despite high gas and hotel costs.
Elon Musk revises Twitter financing plan to include more equity
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Impact of rising food costs on school lunches
Nationwide, school lunch programs are grappling with the rising food prices and ingredient shortages due to supply chain disruptions. CBS News correspondent Scott MacFarlane spoke to school lunch administrators who are struggling to put together the weekly lunch menus.
Economy a concern in primaries
New polling from CBS News shows that the majority of Americans are concerned about the economy as more states hold their midterm primary elections. Former President Donald Trump’s influence over the Republican Party is set to be tested again in two critical races in Georgia. CBS News senior White House and political correspondent Ed O'Keefe joins “CBS News Mornings” from Atlanta with the latest.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
Only On CBS
The Alito Court: A rare interview with the influential Supreme Court justice
Key Biden aide recalls "draconian measures" being considered against Israel
CBS News poll finds Democrats maintain House advantage amid concern about prices
Hero passenger on FlyDubai flight: "We are going to survive"
Search ongoing after debris of plane found off Nantucket
U.S. Marine arrested, accused of killing Japanese woman in Okinawa
Live
Senior Trump administration officials met to discuss Iran war at Camp David
