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.
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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.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
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.
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.
Borrowing costs for a conventional home loan have more than doubled over the last year.
Tech giant also expected to introduce new watches and AirPods, but high inflation could deter buyers.
As the price of goods go up, so does the cost of insuring those goods. Bankrate insurance writer and editor Cate Deventer joins "CBS News Mornings" to discuss.
As Russia tries to divide Ukraine's EU allies by cutting off the gas, Ukrainian "hostages of this war" face a winter in crumbling homes with no heat.
With midterm elections just 63 days away, President Biden touted Democrats' recent congressional victories at events in the swing states of Wisconsin and Pennsylvania and continued his attacks on GOP supporters of former President Donald Trump. CBS News chief White House correspondent Nancy Cordes reports and joins Vladimir Duthiers and Lana Zak to discuss the November elections.
With just nine weeks to go before the 2022 midterm elections, former President Donald Trump has placed himself at the center of several crucial campaigns. CBS News political director Fin Gomez joined Lana Zak and Vladimir Duthiers to discuss the next tests to Trump's political influence and other factors affecting voters.
It was a busy Labor Day weekend as one-third of the country was estimated to be traveling. The majority of those travelers hit the road as average gas prices dipped from where they were on Memorial Day. Omar Villafranca has more.
Fewer cancellations and lower gas prices are expected for travelers this Labor Day. CBS News correspondent Omar Villafranca reports from Dallas Fort Worth International Airport.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Moscow says a major pipeline had to be shut for maintenance, but with the Ukraine war raging, Europe is racing to wean itself off Russian gas.
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Republicans and Democrats alike have joined the tax-cutting trend during a midterm election year.
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.