Biden releases 15 million barrels of oil from strategic reserve

President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.

• Oct 19, 2022

Stocks extend rally as U.S. companies report solid profits

Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.

• Oct 18, 2022

3 inflation-savvy money moves to make now

Inflation is sticking around, driving up food, rent and other costs. These money moves can help you fight back.

• Oct 17, 2022

Poll: GOP still favored to take House

A new CBS News Battleground Tracker poll found that the Republican party is still favored to take the House. Debra Alfarone reports.

• Oct 16, 2022
• 2:04

Biden makes late push across West aiming to deliver votes for Democrats

President Joe Biden's trip to Oregon, California and Colorado is showing how he's trying to turn out Democratic votes on Election Day.

• Oct 15, 2022

Stocks come back strong, shrugging off hot inflation reading

Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.

• Oct 13, 2022

IMF dims outlooks for global economy in 2023 amid Ukraine war

Recession risks are rising amid "historic fragility" in the global economy, the agency's managing director said.

• Oct 11, 2022

Here's when California's gas rebate checks are arriving

Golden State residents face some of the nation's highest gas prices. Now, millions are getting a rebate check within days.

• Oct 10, 2022

U.S. gas prices expected to rise

A decision by the OPEC+ alliance of oil-exporting nations to cut production of crude coupled with refinery woes in the West and Midwest are pushing gas prices higher just before the midterm elections. Jonathan Vigliotti reports.

• Oct 7, 2022
• 2:26

OPEC+ cuts oil production

President Biden slammed OPEC+ after the group of oil-producing nations agreed to tighten global supply by two million barrels a day. Politico energy and climate reporter Josh Siegel joins "CBS News Mornings" with the latest.

• Oct 7, 2022
• 5:52

California issuing gas tax rebates

California is issuing gas tax rebates to millions of residents to help offset high prices at the pump. CBS News correspondent Jonathan Vigliotti joins Errol Barnett and Lana Zak from Los Angeles with details.

• Oct 6, 2022
• 4:34

Gas prices rise as OPEC announces oil production cut

It now costs nearly $100 to fill up a mid-size car with gas in California. Though gas prices are rising amid the decision by OPEC+ to cut 2 million barrels of oil per day, California prices have little to do with it. Jonathan Vigliotti takes a look.

• Oct 6, 2022
• 2:07

OPEC+ announces plan to cut production quotas

Prices of gas are expected to increase in the United States and around the world after the international oil cartel OPEC+ announced its plan to cut production quotas by 2 million barrels a day starting next month. The U.S. accuses OPEC of doing this, in part, to help Russia amid its conflict with Ukraine. Errol Barnett reports.

• Oct 6, 2022
• 1:54

Gas prices on the rise again after OPEC+ cuts oil production

The national average for a gallon of regular now stands at $3.86, up 7 cents since Monday, according to AAA.

• Oct 6, 2022

California issues gas tax rebates

Californians dealing with the rising cost of gas will start to see some financial relief starting Friday. CBS News correspondent Jonathan Vigliotti explains who is eligible for a gas tax rebate.

• Oct 6, 2022
• 2:31

Oil production agreement drives market moves

An alliance of oil-producing countries voted to cut production by 2 million barrels per day, leading to fears of higher energy prices over the winter and driving crude futures up. Reuters energy reporter Laura Sanicola joins CBS News' Errol Barnett and Lana Zak to discuss what's moving the market and what might happen to prices at the pump.

• Oct 5, 2022
• 4:56

OPEC and Russia slash oil production in bid to boost prices

In a move that could drive up gas prices, the oil cartel will cut production by 2 million barrels per day starting in November.

• Oct 5, 2022

U.S. starts fiscal year with record $31 trillion in debt

Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.

• Oct 5, 2022

Recession fears are growing across Europe

Fears of a recession are growing across Europe. CBS News anchors Anne-Marie Green and Vladimir Duthiers spoke with Rick Newman, senior columnist for Yahoo Finance and author of "Rebounders, How Winners Pivot From Setback to Success," about the impact a European recession could have on the U.S. economy.

• Oct 4, 2022
• 6:42

U.S. job openings sink in August, suggesting hiring pullback

Sharp drop in job openings​ will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.

• Oct 4, 2022

S&P 500 enjoys its biggest gain since July

Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.

• Oct 3, 2022

Stocks sink to new low for 2022 as recession fears mount

"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.

• Sep 30, 2022

U.S. economy continues to shrink

The latest federal data shows U.S. gross domestic product fell 0.6% in the second quarter, fueling fears of a recession. Lori Bettinger, the president of Bancalliance and the former director of the Troubled Asset Relief Program at the U.S. Treasury Department, joined CBS News to break down what this means for the economy.

• Sep 30, 2022
• 3:32

Stocks plunge to lowest levels since 2020 on aggressive rate hikes

Investors continue to worry that Fed could hit brakes on economy too hard and cause a recession.

• Sep 29, 2022

Medicare premiums will drop next year. Here are the savings.

For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.

• Sep 28, 2022

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