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.
Gas Prices
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
Tennessee's attempt to execute Christa Pike using lethal injection fails
Co-pilot stabs pilot, tries to crash passenger jet en route to Israel, Netanyahu says
Hegseth says he's cutting generals and admirals by 20%, ousting "woke"
Details emerge in case of former Cornell student alleging rape by frat members
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Iran says it's considering ceasefire counterproposal
Trump unveils South Korean investment in Alaska gas pipeline
Netanyahu says it's too early to determine motive in cockpit stabbing
Trump deflects on audio of Paxton calling GOP convention a drag on polls
