Environmental groups sue Trump administration over vehicle MPG rollback
Reducing fuel-efficiency standards will raise prices at the pump and produce more harmful emissions, according to environmentalists.
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Alain Sherter is a senior managing editor with CBS News. Based in New York City, he leads a team of reporters and editors with CBS MoneyWatch, which covers issues including business, financial and economic news. Previously, he covered the technology, health care and other industries as a news reporter and editor for media companies including Thomson Financial, Dow Jones and The Deal.
Reducing fuel-efficiency standards will raise prices at the pump and produce more harmful emissions, according to environmentalists.
Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Chemical maker Chemours allegedly discharged chemicals linked to cancer and other health conditions in three states.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
Despite flare-ups in Middle East violence, investors remain optimistic that the U.S. and Iran will soon end the war.
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
Shipping companies would take at least two months to resume operations in the Persian Gulf following a ceasefire in the region, according to the Eurasia Group.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Treasury Secretary Scott Bessent tells CBS News that Federal Reserve officials must be "beyond reproach" in communicating with the public.
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Shares in Chevron, Exxon and other energy companies climbed, while oil prices jumped, on Monday after Maduro's ouster.