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.
Gas Prices
MoneyWatch: Biden meeting with Fed chair
Americans have been facing rapidly increasing prices at the gas station and grocery store and in the housing market. President Biden is expected to address this during a meeting with Federal Reserve Chairman Jerome Powell on Tuesday. Frances Stacy, director of strategy at Optimal Capital, joined "CBS News Mornings" to discuss what's contributing to high inflation.
Senators push for bipartisan gun reform
A bipartisan group of lawmakers is trying to reach a compromise on new gun safety legislation after a string of mass shootings. Scott MacFarlane has more.
Soaring prices impact holiday travelers
The summer travel season got off to a rough start thanks to weather delays, cancellations and high gas prices. Errol Barnett reports.
U.S. gas prices reach new record high, as demand for gas drops
Prices at the pump have hit a record high across the U.S. this holiday weekend, which has caused demand for gas to drop. The Energy Information Administration says the demand for gas has hit its lowest level for this time of the year since 2013, excluding 2020 at the height of the pandemic. Robert Sinclair, the senior manager for AAA Northeast, joins Lana Zak on CBS News to discuss.
Holiday weekend travel up despite gas prices
Despite record-high gas prices increasing the cost of travel, millions of Americans are hitting the road and taking to the skies for Memorial Day weekend. Tom Wait has more.
AAA spokesperson on why Americans are traveling more despite higher costs
More than 39 million people are expected to travel at least 50 miles from home during Memorial Day weekend.
High gas prices not deterring travelers
As gas prices remain at a record high, millions of drivers are expected to travel this holiday weekend. More than 39 million people are expected to travel at least 50 miles from home, an increase of more than 8% over last year. Michael George has the latest on the costs of getting out on the road this summer.
Severe weather, gas prices impacting holiday travel
Nearly 40 million Americans will travel over Memorial Day weekend, AAA estimates. While inflation and gas prices aren't keeping them home, severe weather could delay travel plans. Errol Barnett has more.
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.
Fewer flights and higher fares aren't keeping travelers at home
Six weeks ago, a roundtrip fare between Los Angeles and San Francisco — a flight that lasts about 38 minutes — was $93. Last week, that same flight cost $350.
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.
Expert on how soaring diesel prices will impact Americans this summer
According to AAA, the current national average for a gallon of gasoline is $4.59 as Americans head into the Memorial Day weekend.
Brutal week on the stock market
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
Analyst on why gas prices are so high
The current national average for a gallon of gasoline is $4.59 a record high price, according to AAA.
What's fueling high gas prices
Inflation, the war in Ukraine, supply chain issues coupled with rising demand are all factors in the steep gas prices the country is seeing, but there's more to it. Michael George has the latest.
Gas prices hit records as inflation fears intensify
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
Biden administration cancels Alaska oil and gas lease sale
The Interior Department's decision to not move forward with the lease sale comes as gas prices soar.
Gas tops $6 in California as prices surge nationally
Drivers are spending almost $5,000 a year on gasoline, a 70% jump from a year earlier, a Wall Street economist says.
Gas prices top $4 in every U.S. state for the first time
Average price reaches record $4.52 per gallon. Blame the high cost of oil and switch to summer gas blends.
Alaska oil and gas lease sale canceled
The Interior Department has canceled planned oil and gas lease sales in Alaska. The decision, which halts the potential to drill oil across one million acres in the Cook Inlet, comes as gas prices reach record highs. Drew Caputo, the vice president of litigation for lands, wildlife and oceans for the environmental advocacy group Earthjustice, joins Lana Zak to discuss.
Biden canceled energy lease sales. Is that impacting gas prices?
Critics say the U.S. government's move to block more drilling shows a "lack of commitment" to energy independence.
Gas prices surge to new record high of $4.43 per gallon
Prices at the pump now top $4 in all but three U.S. states, with costs driven up by a drop in capacity.
Prices climb despite inflation drop in April
The U.S. Department of Labor says the Consumer Price Index rose 8.3% from a year ago, down from an 8.5% annual increase in March. CBS News correspondent Carter Evans explains how high prices are squeezing Americans across the nation. Then, CBS News' Sarah Ewall-Wice joins Elaine Quijano to discuss.
Jane Doe's account of what happened at Cornell fraternity house
Trump says Europe will release "massive amount" of diesel oil from stockpiles
Gov. Hochul on Cornell: "I will not allow anyone to sweep this case under the rug"
Live
Trump vows Iran war to end "very quickly" as more troops head to Mideast
FlyDubai captain tells survival story to India's leader: "I was fighting for my life"
Employers added 29,000 jobs in September, missing economic forecasts
$1.7 million raised in scheme for Hamas, including from U.S. donors, feds say
Photo of Jane Doe shared in Snapchat group on night of alleged rape
