OECD: War in Ukraine will drag down global economy
"The war could spark starvation. It could cause social unrest and political turmoil," OECD chief economist said.
Inflation
6/7: Red and Blue
Biden administration aiming to combat inflation; FDA advisory panel discusses Novavax COVID vaccine
U.S. gas prices hit record-high
Americans are paying record-high prices for gasoline as the summer travel season kicks off. CBS News correspondent Carter Evans has more on the rising gas prices. Then, John Leer, the chief economist for Morning Consult, joins Lana Zak on CBS News to discuss the U.S. economy and more.
Soaring gas prices hit new record
The national average for a gallon of gas hit $4.91. In 13 states, it's above $5 a gallon. Carter Evans has more.
Gas prices soar to new record highs
Gas prices have once again soared to a new record high. The national average for a gallon of gas is now $4.92. That’s up nearly $2 from the same time last year. CBS News correspondent Carter Evans is in Los Angeles, which has some of the nation’s highest gas prices. He joins Tanya Rivero and Elaine Quijano for more on this.
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.
Biden to host Summit of the Americas
President Biden is preparing for the Summit of the Americas, which is being held in Los Angeles. He will be joined by leaders from North, Central and South American countries as they explore economic relationships and shared policy goals. CBS News political contributor and Democratic strategist Joel Payne joined CBS News' Lana Zak to discuss.
U.K.'s Boris Johnson faces no-confidence vote
British Prime Minister Boris Johnson faces a vote of confidence in his leadership, after a number of British lawmakers from his own party submitted letters saying they no longer wanted him as leader. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Anne-Marie Green from London to discuss Johnson's political future.
U.S. braces for possible spike in inflation
Despite the U.S. adding more jobs in May, many Americans fear a recession is on the horizon. Senior Vice President of Kingsview Investment Management Paul Nolte joins "CBS News Mornings" to discuss the latest.
Economist Betsey Stevenson on inflation and economic recovery
Betsey Stevenson, a professor at the University of Michigan, discusses the state of the U.S. labor market, the outlook for inflation and the role of consumers in the economic recovery.
Record-high gas prices affect summer travel
High gas prices are turning into a major speed bump as the summer travel season kicks into high gear. The national average for regular gas is nearing $5 per gallon. Kris Van Cleave has more on why gas prices are increasing.
Biden: May jobs report "sign of a healthy economy"
President Biden is praising his administration's efforts at reviving the U.S. economy since taking office last year. The latest numbers from the Bureau of Labor Statistics shows that the U.S. added 390,000 new jobs in May despite fears of a slowing economy. The president says the new numbers reflect a healthy economy. CBS News senior White House and political correspondent Ed O'Keefe has more.
Attention shoppers: Spam and guacamole will soon cost more
Supermarkets tout discount campaigns to inflation-weary shoppers as more people turn to cheaper private labels.
Record gas prices affect summer travel
High gas prices throughout the nation are turning into major speed bumps for summer travel plans. The nation's average price for a gallon of gas is now $4.76 – another new record. Kris Van Cleave reports on the increasing costs of going on a road trip.
In these locations, gas costs more than the U.S. minimum wage
A handful of gas stations are charging $7.25 or more for a gallon of gas as fuel prices hit another record.
Inflation grips small businesses
Americans are continuing to face record high prices as inflation soars at its fastest pace in more than 40 years. Carter Evans spoke to several small business owners who say they are struggling to keep their doors open.
5/31: Red and Blue
Congress discussing bipartisan gun control bills; Biden looks to curb inflation
Optimism among small business owners at historic low amid inflation surge
Nationally, 85% of small businesses experienced financial challenges in the last year, according to the Small Business Credit Survey.
Yellen admits she was "wrong" about inflation in 2021
"I think I was wrong then about the path that inflation would take," Treasury Secretary Janet Yellen told CNN.
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.
MoneyWatch: Stocks down to close out May
The major stock indexes ended Tuesday with losses after ping-ponging throughout the day. Geetu Sharma, the founder and investment manager of AlphasFuture LLC, joins CBS News during the closing bell on Wall Street to discuss what was driving the market and what to expect in June.
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.
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.
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.
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.
CBS News poll finds Democrats still boosted by voters' economic concerns
Israeli election to test Benjamin Netanyahu's ability to hold power
Elon Musk says SpaceX throttled Ukraine Starlink speeds over drone strikes
Some Florida voters with ties to Venezuela discouraged by Trump's policies
More than 1,000 arrested in France as protesters and police clash
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Trump says he's weighing deal with Iran against action to "finish them off"
At least 12 injured, including 6 children, in shooting near Florida A&M
In Ohio rally, Obama blasts Ramaswamy, GOP over controversial Acton ad
