Economy

Trump was right, Germany was wrong

Ten years ago, President Donald Trump put Europe on notice, telling them the status quo on defense spending was unsustainable — and that America would not continue to shoulder the cost of keeping the European Union safe. Trump was right, but leaders like German Chancellor Olaf Scholz did not want to listen.

What to buy now with the market at all-time highs, according to UBS

UBS highlighted Broadcom and Accenture as two stocks that investors could consider buying as the S&P 500 trades near its all-time highs.

How much money you need to earn to afford a home in 49 U.S. cities

Updated on: May 27, 2026 / 3:08 PM EDT / CBS News

This bank just lifted its CD yield. Here's where you can nab 4%

The getting is still good for savers who want to generate solid interest income on their idle cash.

Trump Administration Has Paid $20bn in Tariff Refunds, With $65bn More to Come

Refunds came after the Supreme Court ruled Trump overstepped his authority in enacting sweeping tariffs

How much does a new HVAC system really cost in 2026?

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How much interest can an 18-month CD account earn now?

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What happens to a wage garnishment if you change jobs?

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What's the required minimum distribution from a $400,000 retirement account?

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Energy shock starts to bite in Europe: UK household bills set for 'deeply unwelcome' 2-year high

“Ongoing conflict in the Middle East is impacting the price we pay for energy,” the head of the U.K.’s energy regulator said.

The Gas-Tax Reckoning

In February, the average price of gas was less than $3 a gallon. Today it’s nearly $4.50. Since the start of the Iran war, Americans have spent an extra $39 billion filling the tank.

Gas prices: Drop to under $4.46 per gallon as post-Memorial Day decreases continue

The national average price for regular gas dropped again on Wednesday, falling to $4.459 per gallon. It is the second straight day that fuel costs have decreased after Memorial Day, traditionally known as the start of the summer driving season and, subsequently, an increase at the pumps.