Economy

Eye Opener: Trump says Iran war may end soon, but official warns of impact on gas prices

A key Trump administration official says gas prices could remain high for months even as President Trump says the Iran war may end soon. Plus, Spirit Airlines might be forced into liquidation as fuel prices rise. All that and all that matters in today's Eye Opener.

What are today's mortgage interest rates: April 16, 2026?

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Live Nation and Ticketmaster illegally monopolized big concert venues, jury rules

Updated on: April 16, 2026 / 8:16 AM EDT / CBS News

‘Guns vs. butter’: IMF flags tough trade-offs as governments ramp up defense spending

The International Monetary Fund has raised the alarm over a global “guns versus butter” trade-off as countries ramp up defense spending.

MSC's 'blue tick' scheme creates illusion of ethically sourced fish, study claims

Sustainability certification by Marine Stewardship Council may be obscuring labour abuses in seafood supply chains, say researchers

A Pillar of the Economics Establishment Admits That It Was Wrong

In a new report, the World Bank thinks better of its old free-market absolutism.

Gas prices: Sixth day with a drop in fuel costs over the last seven days

The national average price for a gallon of regular gas decreased again on Thursday, falling to $4.093. It was the sixth price decrease in the national average for gas prices in the last seven days, according to AAA. Gas prices had been rising daily throughout the country, primarily due to the military conflict between U.S., Israel, and Iran.

As Iran war drives up fuel prices, states are hesitant to suspend gas taxes. Here's why.

April 16, 2026 / 6:00 AM EDT / CBS News

What Americans can learn from Vietnam

Over the weekend, my wife and I joined friends for dinner. They had just returned from a vacation in Costa Rica, and we began talking about places we might travel together.

America is on the verge of bankruptcy. Nothing will matter when the crisis hits

We are all concerned about the many problems we face today: inflation, affordability, a world at war, the list goes on. That will all be irrelevant if the United States goes bankrupt. Make no mistake, that is where we are headed if we continue our current path.

EasyJet warns of impact on profits as Iran war hits bookings and fuel prices

Budget airline says passengers are leaving it later to book flights owing to economic uncertainty

Utility companies planning to invest $1.4 trillion in power grids for AI, report finds

U.S. utility companies are planning to invest $1.4 trillion over the next five years to help strengthen the nation's power grid, according to a new report released Tuesday by the nonpartisan nonprofit consumer education organization PowerLines. CBS News MoneyWatch reporter Megan Cerullo has more details.