In these locations, gas costs more than the U.S. minimum wage
More than a dozen gas stations are charging $7.25 or more for a gallon of gas as fuel prices hit another record.
More than a dozen gas stations are charging $7.25 or more for a gallon of gas as fuel prices hit another record.
Nationally, 85% of small businesses experienced financial challenges in the last year, according to the Small Business Credit Survey.
"I think I was wrong then about the path that inflation would take," Treasury Secretary Janet Yellen told CNN.
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.
Congress discussing bipartisan gun control bills; Biden looks to curb inflation
What possible actions are on the table for President Biden to address gun violence? CBS News chief White House correspondent Nancy Cordes joins "Red and Blue" to discuss this, plus rising inflation and record-high gas prices.
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.
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.
President Biden is meeting Tuesday with Federal Reserve Chair Jerome Powell. The president says the Fed has the primary responsibility to control inflation and he will refrain from meddling in its process. Washington Post economic columnist Heather Long discusses what this could entail and how Americans worried about a possible recession can prepare.
Funerals held for Uvalde victims; Federal Reserve looks to tackle inflation.
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
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.
National average gas prices reached a new record high on Memorial Day at over $4.61 per gallon. In order to budget for higher prices at the pump, many Americans are cutting back on other spending. Bank of America Institute's senior economist David Tinsley explains the relationship between gas prices and consumer spending and which groups are making the biggest cutbacks.
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.
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.
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
As inflation rises, many Americans are looking at ways to save money where they can. E. Napoletano, contributor at Forbes Advisor, joins CBS News with advice on how to save as the U.S. heads toward a possible recession.
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Sales of newly built homes have plummeted to pre-pandemic levels as inflation and mortgage rates rise. Danielle Hale, chief economist for Realtor.com, joined CBS News' Jim Axelrod to discuss what this means for the market.
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Supply chain issues and the spiraling cost of key ingredients has forced school districts to pull back or make substitutions.
The price of meat, poultry and fish has increased 14% in a year. Ranchers across the U.S. are feeling the pinch as the cost of doing business increases. Dennis Sun, publisher of Wyoming Livestock Roundup and a fourth generation rancher, joins CBS News' Tony Dokoupil and Tanya Rivero to discuss.
Inflation and rising interest rates are affecting stocks and increasing fears about a possible U.S. recession. Joe Saluzzi, co-founder and partner with Themis Trading, joined CBS News to discuss what to expect from the markets in the coming weeks.
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.
New CBS News polling shows Americans are increasingly concerned with economic issues ahead of the 2022 midterm elections. Meanwhile, critical primary races in Georgia on Tuesday are poised to test former President Trump's influence in the Republican Party.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
The move will erase debt for more than 560,000 borrowers.
Secretary of State Brad Raffensperger was subpoenaed in the unprecedented criminal probe.
When asked Friday if he would call a special legislative session, Abbott said "all options are on the table" and he said he believed ultimately that laws would be passed.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
The ban will likely strike a heavy blow to millions of impoverished farmers and day laborers who rely on proceeds from the crop to survive, and it comes as Afghanistan's economy has collapsed.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
Charles Booker is running a long-shot campaign to unseat incumbent GOP Sen. Rand Paul in November.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
Even those who cheer Europe's embargo on Russian energy predict short-term price shocks for nations and consumers.
The move will erase debt for more than 560,000 borrowers.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
"I think I was wrong then about the path that inflation would take," Treasury Secretary Janet Yellen told CNN.
Formula manufacturers said they alerted retailers of a looming shortage in February.
Charles Booker is running a long-shot campaign to unseat incumbent GOP Sen. Rand Paul in November.
The move will erase debt for more than 560,000 borrowers.
When asked Friday if he would call a special legislative session, Abbott said "all options are on the table" and he said he believed ultimately that laws would be passed.
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Clinical health psychologist Dr. Natalie Datillo explains how patients can make connections to reduce pain and increase mobility.
Formula manufacturers said they alerted retailers of a looming shortage in February.
President Biden met with baby formula manufacturers, pressing them on what they're doing to improve supply. Even as the U.S. airlifts formula from overseas, it's just a fraction of what the U.S. needs to feed millions of children. Nancy Chen reports.
Kids younger than 5 are one step closer to being eligible for a COVID-19 vaccine. Pfizer applied for emergency use authorization for kids 6 months to 5 years old -- the only age group vaccines are not yet approved for. Nikki Battiste reports.
"The great Peanut Butter shortage of 2022 continues," proclaims theme park eatery in explaining holes in menu.
The ban will likely strike a heavy blow to millions of impoverished farmers and day laborers who rely on proceeds from the crop to survive, and it comes as Afghanistan's economy has collapsed.
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
As the new weapons shipments were announced, a Russian missile hit rail lines in the western Lviv region, a key conduit for supplies of Western weapons and other supplies, officials said.
The plant stretches 111.847 miles and is at least 4,500 years old.
Russia's invasion of Ukraine has caused "devastating consequences for children at a scale and speed not seen since World War II," U.N. says
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
The licensing company that controls his name and image is ordering Sin City chapel operators to stop using him in themed ceremonies, a newspaper reports. And that's leaving chapels all shook up.
Korean pop supergroup BTS visited the White House on Tuesday to discuss ending anti-asian violence on the last day of Asian American and Pacific Islanders heritage month. CBS News senior White House and political correspondent Ed O'Keefe reports.
The United Kingdom and its 14 Commonwealth realms are marking the 70th anniversary of Queen Elizabeth II's ascension to the throne.
Sheryl Sandberg is stepping down as the chief operating officer at Facebook's parent company, Meta. She has been with the social media company for 14 years and will continue to serve on the company's board.
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Boston Children's Hospital was attacked in the summer of 2021 and investigators were able to identify and repel the threat.
New details are emerging about possible warning signs in the weeks leading up to the May 24 shooting at the Robb Elementary School in Uvalde, Texas. The 18-year-old shooter reportedly had a history of harassing and threatening teenage girls online, particularly on the social media app Yubo. CBS News tech reporter Dan Patterson has more.
The Texas law, championed by conservatives, aimed to keep social media platforms like Facebook and Twitter from censoring users based on their viewpoints.
More than 6 million Californians are under new water restrictions as of June 1. The Metropolitan Water District of Southern California made an urgent call for a 35% reduction in water use, as nearly the entire state is under severe drought. CBS's Elaine Quijano spoke with Adel Hagekhalil, the water supplier's general manager, about how these new rules will affect people's lives.
Millions of people in southern California are facing new water restrictions thanks to a megadrought crippling the Southwest. But southern Nevada has been conserving water for years. The area's latest move is to tear out all non-functional grass to save nearly 10 billion gallons of water. CBS News senior environmental correspondent Ben Tracy reports.
NASA's James Webb Space Telescope could soon provide some answers about other planets in the far reaches of the Milky Way. Assistant astronomer at the Space Telescope Science Institute Néstor Espinoza speaks with CBS News anchor Lana Zak about the what scientists hope to learn from these other planets.
Some sang "We will, we will stop you!" to the tune of Queen's 1977 rock anthem "We will rock you." Some glued themselves to their seats.
No non-American has ever touched down on the lunar surface, and Japan has previously said it hopes to achieve a Moon landing by the end of this decade.
Police in Tulsa, Oklahoma, say a gunman killed 4 people at Saint Francis Hospital before dying of a self-inflicted gunshot wound. Watch a briefing from local officials on the investigation.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
The 25-count indictment also contains charges of murder and attempted murder as a hate crime and weapons possession.
Jacob Albarado was in his barber's chair when both men got text messages about the shooting unfolding at Robb Elementary School in Uvalde, Texas.
Hinckley, now 67, shot Reagan as the president was exiting a Washington hotel on March 30, 1981.
The contracts are valued at up to $3.5 billion.
"Amateur and professional astronomers around the world have been tracking its spectacular disintegration for years," NASA said.
A successful fueling test will clear the way for the moon rocket's first test flight as early as August.
SpaceX launched 59 small payloads while Boeing wrapped up its Starliner space station flight
For the first time, two U.S. astronaut ferry ships, from two different vendors are docked at space station.
One of these shows could be your next binge obsession.
Looking for something fresh to watch? Here are the top films available on the streaming platform.
Find out which U.S. metropolis took the top spot on Orkin's latest "Rattiest Cities" list.
Donald Trump, Barack Obama, George W. Bush – how do the presidents of our era compare with those who came before?
With compensation reaching up to nearly $10,000 per month, these internships are big deals.
Sir Paul McCartney and best-selling author Tina Brown reflect on the queen’s unprecedented reign. The special airs on the Queen’s Platinum Jubilee at 10 p.m. ET on Thursday, June 2 on CBS, and will be streaming on Paramount +.
Gun control talks continue on Capitol Hill; Adm. Linda Fagan becomes commandant of Coast Guard.
Police in Tulsa, Oklahoma, say a gunman killed 4 people at Saint Francis Hospital before dying of a self-inflicted gunshot wound. Watch a briefing from local officials on the investigation.
According to a new report published by Jones Lang LaSalle, 69% of office workers believe hybrid work will be fundamental to retain the workforce in the future. Cynthia Kantor, the chief client and growth officer at Jones Lang LaSalle, joins CBS News' Elaine Quijano to discuss.
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.