5 credit card perks that can help you fight inflation
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Gas Prices
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.
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.
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.
U.S. gas prices could soon top $5 a gallon, analysts say
The cost of gasoline will impact Americans' summer travel plans more than COVID-19 rates, new survey finds.
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.
Impact of EU's partial ban on Russian oil
Europeans are bracing for even higher gas prices after a partial ban on Russian oil. The short-term cost hike is expected to reach Americans, as well. CBS MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" to explain the impact experts are predicting.
New York gas tax suspension set to begin
As gas prices have soared across the country hitting record highs this year, states grapple with how to help consumers.
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.
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.
European leaders to join Zelenskyy for White House meeting with Trump
European leaders will join Ukraine's President Volodymyr Zelenskyy for his crucial meeting with President Trump in Washington on Monday.
Texas Democrats who fled the state over redistricting bill begin returning
Texas Democratic lawmakers who fled the state to deny a quorum are making their way back, each on their own timeline, multiple sources familiar with the matter told CBS News.
Rubio says "both sides are going to have to make concessions" to end Ukraine war
Secretary of State Marco Rubio said "both sides are going to have to make concessions" to end Russia's war in Ukraine.
Protesters in Israel strike to demand ceasefire and hostages' release
Protesters in Israel escalated their ongoing campaign on Sunday to secure the release of hostages held in Gaza.
U.S. to more heavily scrutinize "good moral character" citizenship requirement
U.S. Citizenship and Immigration Services instructed officers on Friday to consider additional factors when determining whether immigrants applying for U.S. citizenship have a "good moral character."
Putin agreed to allow NATO-style protection for Ukraine, Trump envoy says
Special U.S. envoy Steve Witkoff says Russian leader Vladimir Putin agreed to allow the U.S. and Europe to offer Ukraine a security guarantee resembling NATO's collective defense mandate.
Hurricane Erin weakens to Cat 3 storm, but could strengthen again
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
Air Canada flight attendants refuse to end strike, airline delays restart plan
The strike, which began on Saturday morning, stranded more than 100,000 travelers around the world during the peak summer travel season.
U.S. tourist attacked by a shark while spearfishing in the Bahamas
The shark attack happened near Big Grand Cay on the island of Abaco, Bahamas, on Sunday, police said.