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

Consumers gaining confidence as gas prices slide

But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.

• Sep 27, 2022

Concern growing over housing market

Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.

• Sep 25, 2022
• 2:24

Stocks plunge, dragging Wall Street toward another down week

Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.

• Sep 23, 2022

Mortgage rates at highest level since 2007 after latest Fed hike

Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.

• Sep 22, 2022

Target plans to hire up to 100,000 workers for holiday season

Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.

• Sep 22, 2022

U.K. lifts ban on fracking in England despite opposition

The Conservative Party, which is still in power under new leadership, had vowed never to re-allow the controversial gas extraction practice unless it was proven safe.

• Sep 22, 2022

Stocks tumble on Wall Street as Fed escalates inflation fight

Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.

• Sep 21, 2022

Alaskans receive over $3,000 in state oil-wealth payment checks

The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.

• Sep 21, 2022

The strong U.S. dollar impacts everyone. Here's how.

Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.

• Sep 19, 2022

Stocks rise amid expectations of another big rate hike

But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.

• Sep 19, 2022

California sues Amazon, alleging its dominance pushes up prices

Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.

• Sep 15, 2022

U.S. stocks rally to close higher after sharp selloff

"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.

• Sep 14, 2022

Rail workers may begin strike on Friday

Gas prices are finally falling, but other expenses like food and rent are still up year over year. Meanwhile, tens of thousands of rail workers could go on strike starting Friday as they battle railroads for fair medical-leave policies which would hurt the supply chain and could drive up prices even more. Ed O'Keefe reports from the White House.

• Sep 14, 2022
• 3:33

Gas prices down from historic summer high

Gas prices have steadily dropped following the summer's national average peak of more than $5 per gallon. But Treasury Secretary Janet Yellen warns prices may rise again come winter. The Washington Post economics correspondent Abha Bhattarai joined CBS News' Tony Dokoupil and Lilia Luciano to discuss.

• Sep 12, 2022
• 3:54

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