Dow Jones index enters correction territory after five weeks of losses
Stocks suffered a fifth straight weekly loss as oil prices climbed and mixed signals on Iran raised fears about inflation and growth.
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Stocks suffered a fifth straight weekly loss as oil prices climbed and mixed signals on Iran raised fears about inflation and growth.
President Trump has extended a pause on striking Iranian energy infrastructure until April 6.
According to a Nova Southeastern University economics professor, necessities such as groceries could become more expensive as fuel costs used to ship goods continue to rise.
As oil prices surge, some experts are urging consumers to take energy-conserving steps like working from home or driving less.
White House press secretary Karoline Leavitt says talks with Tehran are ongoing hours after Iran's state media said the regime rejected Trump administration proposals.
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
President Trump said several members of his administration were involved in talks with Iran about the ongoing war.
As Iran threatens to mine the entire Persian Gulf, President Trump said his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
Crude oil prices also dropped after President Trump said the administration had held "good and productive" peace talks with Iran.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Plunging oil shipments transiting the Strait of Hormuz have sent global energy prices soaring to their highest level in years.
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject President Trump's demands for help in the Strait of Hormuz.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.
Reggie Mignon, owner of Hollywood Collision Center for nearly 20 years, shared several tips, including when to fill up, car maintenance, and managing cargo.
President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
The concern is warranted, as AAA Florida spokesman Mark Jenkins confirms more price increases are likely.
Riders must be at least 16 and carry a valid ID; fines start at $250, police say.
The continuing resolution would fund the federal government until Dec. 4. It now heads to the Senate, where it could face obstacles.
DOE will discuss the proposed rule change at a workshop on Aug. 5, according to state documents.
All 3 patients allege they were left with permanent injuries after procedures with Dr. Hochstein.
Video shows two people wearing Argentina jerseys arguing with a man wearing a Mexico jersey. During the confrontation, one of the men is heard shouting the N-word at the man in the Mexico jersey.
Riders must be at least 16 and carry a valid ID; fines start at $250, police say.
The continuing resolution would fund the federal government until Dec. 4. It now heads to the Senate, where it could face obstacles.
DOE will discuss the proposed rule change at a workshop on Aug. 5, according to state documents.
All 3 patients allege they were left with permanent injuries after procedures with Dr. Hochstein.
Video shows two people wearing Argentina jerseys arguing with a man wearing a Mexico jersey. During the confrontation, one of the men is heard shouting the N-word at the man in the Mexico jersey.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The continuing resolution would fund the federal government until Dec. 4. It now heads to the Senate, where it could face obstacles.
Lawmakers hammered the president for bulldozing norms in pursuit of his construction goals and imposing his likeness on buildings, coins and passports.
Juan Jairo Coronilla Durán, 28, died July 14 after authorities said he darted across a busy road in St. Augustine, Florida, and into the path of a truck.
Defense Secretary Pete Hegseth told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
The sordid life of Fabian Basabe is one CBS Miami first began covering on this show three years ago.
Larkin spoke this week to CBS News Miami's Jim DeFede.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
The likely Republican candidate for governor, Congressman Byron Donalds, said he would vote for it, but as he told CBS Miami's Jim DeFede, if it does fail, they will tackle the issue again next year.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
A recall has been issued for frozen blueberries sold at Publix stores in Georgia, Florida and other Southern states after 12 people became sick, the FDA says.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
A lawyer says influencer brothers Andrew and Tristan Tate will fight extradition to the United Kingdom.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.