Tuesday, November 19, 2024
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Author Archives: Stonecom Interactive

Stock markets close strong as debt ceiling talks move forward

The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy. Source

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Memorial Day weekend travel rush expected to hit pre-pandemic levels

Long lines are forming at airports and train stations across the country as Memorial Day weekend travel gets underway. AAA is estimating that more than 42 million people will travel by car, plane or public transit this holiday weekend. CBS News senior transportation correspondent Kris Van Cleave reports. Source

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U.S. consumers have $986 billion in credit card debt

Americans now carry a record $986 billion worth of credit card debt, according to numbers from the Federal Reserve Bank of New York. CBS News MoneyWatch reporter Megan Cerullo explained the reasons behind the staggering number, and shared tips for reducing your debt. Source

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5/26: CBS News Weekender

Catherine Herridge reports on the Treasury Department’s new estimated debt ceiling deadline, an update on the Memorial Day weekend travel rush, and the biggest movies of the summer. Source

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