The International Monetary Fund is warning about the risks of a global recession in its World Economic Outlook report as the U.S.-Israeli war with Iran impacts oil prices. CBS News business contributor Javier David has more.

Warsh's wealth far outstrips that of outgoing Fed Chair Jerome Powell, whose most recent disclosure shows he is worth at least $19.5 million.

A majority of investor-owned utilities surveyed by PowerLines said data centers are a top driver of capital spending.

United CEO Scott Kirby​ floated the idea to Trump administration officials of United merging with American Airlines, according to sources familiar with the situation.

McDonald's is expanding its cold beverage menu and also plans to introduce energy drinks later this year.