Economy

European markets fall as Trump threatens new auto tariffs

European markets slipped into negative territory Monday, as investors watched Middle East developments.

Women in developing countries hardest hit by rising debt burden, UN research finds

Study warns women face job losses and increased unpaid care duties as debt and conflict-driven turbulence force spending cuts

Could Iran’s escalating economic crisis weaken negotiating position with US?

War has combined with battered economy to leave Tehran wondering how hardline it can afford to be

The nuclear option: Atomic energy could offer Europe hope, say analysts

The effective closure of the Strait of Hormuz, a vital shipping route, has exposed which nations are most exposed to disrupted energy imports.

Oil prices jump after Iran attacks UAE as U.S. tries to open Strait of Hormuz

The U.S. operation comes after renewed attacks on commercial vessels over the weekend.

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South Korean stocks hit fresh record, building on historic monthly rally in April

Asia markets were mixed Monday as investors assess news of President Donald Trump's plan to "free" ships stranded in the Strait of Hormuz.

A retiring Spirit pilot's last flight was canceled by the budget carrier's sudden closure. See his impromptu celebration.

A former Spirit pilot received an impromptu retirement celebration when the airline's sudden shutdown led to the cancellation of what would have been his final flight.

Greg Abel earns solid scorecard from Berkshire shareholders after first annual meeting

The reviews from longtime shareholders and professional investors were broadly positive, even as many acknowledged the notable absence of Warren Buffett.

Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026

Updated on: May 3, 2026 / 12:15 PM EDT / CBS News

Transcript: Minneapolis Fed President and CEO Neel Kashkari on "Face the Nation with Margaret Brennan," May 3, 2026

The following is the transcript of the interview with Minneapolis Fed president and CEO Neel Kashkari that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.

Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"

White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that although Spirit Airlines said rising fuel prices had contributed to its demise, "energy shocks don't have a big effect" on other airlines' business. But he acknowledged that "certainly, that will affect the profits for the airlines for a quarter or so."