Gas prices continue to drop
Gas prices are dropping because the cost of crude oil per barrel has been tumbling -- and that's starting to show at the gas pump. CBS News MoneyWatch reporter Khristopher Brooks has more.
Gas Prices
Gas prices are dropping, particularly in these 9 states
Crude oil prices have fallen below $80 per barrel, resulting in cheaper prices at the pump, according to experts.
Latest numbers on inflation trends
The Producer Price Index rose 0.7% in the month of January, suggesting inflation pressures continue to hit the economy. CBS MoneyWatch reporter Aimee Picchi joined Anne-Marie Green and Nancy Chen to discuss what the numbers mean for consumers and why prices remain high at the grocery store.
Understanding U.S. inflation trends
The latest Consumer Price Index report shows inflation slowing overall, but the numbers in January were higher than anticipated. Lori Bettinger, the president of Bancalliance, joins CBS News to explain what the report means.
For some EV owners, recharging now more costly than filling up
Some electric car owners around the U.S. have experienced sticker shock charging their vehicles. Here's why.
Major gas pipeline resumes service after leak, panic buying in Las Vegas
The source of the leak was isolated to a pipeline facility in Long Beach, California.
Bank of England raises rates, IMF projections
CBS News foreign correspondent Ramy Inocencio joins us with a roundup of the top international MoneyWatch headlines of the week, including an interest rate hike in the U.K., the IMF's upgraded global growth projections, and record profits for oil and gas companies.
4 oil companies had total sales of $1 trillion last year
Record profits and a growing climate crisis have renewed calls for a tax on fossil-fuel companies.
"Gas prices near me," and more of the top local Google searches in 2022
Google's annual "Year in Search" report ranked leading queries that included the term "near me" across the U.S. this year.
Consumer confidence helps drive market
The Dow Jones Industrial Average gained over 500 points on Wednesday as investors reacted to a higher-than-expected consumer confidence report. Dana Peterson, chief economist at The Conference Board, joined CBS News to discuss her organization's findings and her expectations for 2023.
U.S. Inflation slightly cooling down
The Consumer Price Index rose 7.1% in November, down from 7.7% in October. The Federal Reserve is expected to announce another interest rate hike this week. CBS News reporter Sarah Ewall-Wice joins us with the latest on what this means for the economy.
Keystone Pipeline oil spill under investigation
The cause of a Keystone Pipeline oil spill is under investigation after it spewed an estimated 590,000 gallons into a creek in rural Kansas last week. The environmental disaster may impact gas prices. Omar Villafranca has more details.
Gas prices in the U.S. are now lower than a year ago
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
OPEC+ decides against further oil cuts
Saudi-led OPEC+ opted not to make any additional changes to oil production as Western sanctions on Russian oil are set to take effect. Evan Halper, a business reporter for the Washington Post, joins CBS News' Vladimir Duthiers and Lilia Luciano to discuss the impact.
Stocks fall as strong data suggests difficult inflation fight
"It's more of that 'good news is bad news,'" said Tom Martin, senior portfolio manager at Globalt Investments.
OPEC maintains oil targets amid uncertainty over Russian sanctions
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
Russia rejects $60-per-barrel price cap and threatens oil supply cutoff
Russian authorities have rejected a price cap on the country's oil set by Ukraine's Western supporters and are threatening to stop supplying the nations that endorsed it.
G-7 and EU impose $60-per-barrel price cap on Russian oil
The move is key for Western powers' efforts to prevent oil price spikes and starve Russia of funding for its war in Ukraine.
Stock market mixed after strong hiring data fans inflation worries
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
Gas prices now lower than before Russia's invasion of Ukraine
Prices at the pump are sliding amid slowing demand and fears of economic shutdowns around the globe.
Inflation slowed in October, gauge closely tracked by Fed shows
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Fed will slow down pace of interest-rate hikes, Powell says
Smaller hike shouldn't be taken as sign central bank will let up on inflation fight anytime soon, Fed chair cautions.
Job openings and hires dipped in October as economy cooled
Businesses become slightly less desperate for workers, but there are still 10.3 million open jobs.
U.S. economy was stronger in third quarter than initially thought
Despite high interest rates and chronic inflation, economy grew at 2.9% annual rate from July through September.
Consumer confidence tumbles to lowest in 4 months
Americans are taking more gloomy view of economy as cost of food, rent, clothing and other essentials continue to surge.
Trump's BLS nominee Antoni suggests suspending monthly jobs report
E.J. Antoni, an economist nominated by President Trump to lead the Bureau of Labor Statistics, said the jobs report is flawed.
Chinese ships collide while chasing Philippine boat in disputed waters
A Chinese navy warship and Chinese coast guard vessel collided Monday in the South China Sea, as the latter chased a patrol boat belonging to the Philippines at high speed.
General testifies he didn't hear L.A. protests described as "rebellion"
Three officials involved in President Trump's controversial L.A. National Guard deployment testified in court.
CDC employee on Atlanta headquarter shooting: "Shocking but not surprising"
Four CDC workers, who were not authorized to speak publicly, told CBS News under the condition of anonymity that they were "deeply disappointed and frustrated" by an apparent lack of leadership following Friday's shooting.
Dana White says UFC hosting first-ever White House fight on July 4
UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.
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Abbott says Texas Republicans may seek to add even more GOP congressional seats
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Taylor Swift announces 12th studio album, "The Life of a Showgirl"
Taylor Swift announced her 12th studio album, "The Life of a Showgirl," after a countdown tease on her website. She didn't say when it would be released.
Gold medalist ski jumpers charged in cheating scandal caught on video
Star ski jumpers Marius Lindvik and Johann André Forfang and three others were formally charged as part of an investigation into "equipment manipulation."
Man accused of faking death, fleeing U.S. faces alleged rape victim in court
A man known in the U.S. as Nicholas Rossi, accused of faking his death and fleeing to the U.K. to avoid rape charges, faced an alleged victim in court on Monday.