Economy

Why the Spirit Airlines federal bailout didn't happen

Alison Sider, a reporter for The Wall Street Journal, joins CBS News 24/7 to share details on why the Spirit Airlines bailout deal didn't go through ahead of the airline shuttering early Saturday morning.

How to know when credit card debt forgiveness is the wrong call (and what to do instead)

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Bessent optimistic oil prices will come down with Project Freedom

Treasury Secretary Scott Bessent said Monday he is confident the global energy markets will soon stabilize, citing President Donald Trump’s latest operation to divest the Strait of Hormuz of Iranian influence, among other initiatives.

Spirit Airlines says it has refunded most customers after shutting down

Updated on: May 4, 2026 / 11:16 AM EDT / CBS News

Circle jumps nearly 20% on Clarity Act compromise that preserves stablecoin rewards

Lawmakers over the weekend reached a compromise on the market structure bill known as the CLARITY Act that keeps stablecoin reward programs intact.

GameStop offers to buy eBay for $55.5 billion as video game seller threatens hostile bid

Updated on: May 4, 2026 / 10:42 AM EDT / CBS News

What are today's savings account interest rates: May 4, 2026?

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How much credit card debt is too much right now? Experts weigh in

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'Misplaced euphoria': Markets are sleepwalking into a recession amid Iran war oil price shock

As US equities hit fresh highs, strategists warn that investors are downplaying the impact of soaring oil prices.

The One Tax the Rich Can’t Escape

New York’s proposed pied-à-terre tax is unlikely to chase anyone away.

Treasury yields edge higher as traders monitor factory data and Middle East developments

Treasury yields gained Monday as traders looked out for more U.S. factory data, while monitoring developments in the Middle East.

India is burning more coal as extreme heat and the Iran war squeeze energy supplies

India, the world's third-largest emitter of carbon dioxide, is burning more coal as demand for power rises, most of which is coal-fired.