The Federal Reserve is expected to leave interest rates unchanged at its July meeting on Wednesday, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year. At the start of the year, many economists expected at least one rate cut in 2026. But…
16m ago U.S. commander warns troops not to share video of strikes on bases, says it could be helping Iran U.S. troops across the Middle East have been warned that cellphone videos they share online could help Iran target American bases, the Reuters news agency reported Wednesday. Admiral Brad Cooper, overall commander of U.S….
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in…
Oil prices tumbled on Monday amid a pause in fighting between the U.S. and Iran, with U.S. Ambassador to the United Nations Mike Waltz saying Sunday on “Face the Nation with Margaret Brennan” that the break is aimed at “giving diplomacy some space.” Brent crude, the international benchmark, fell $6.35, or 6.6%, to $90.41 a barrel, while…
Cracker Barrel on Monday said Julie Masino, the chief executive behind the restaurant chain’s much-criticized 2025 logo redesign, is stepping down. Masino will be replaced by David Deno, who most recently served as CEO of Bloomin’ Brands, the owner of Outback Steakhouse and other restaurant chains. Cracker Barrel said Deno will step into the CEO role…
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude…
Global oil prices neared $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea. Brent crude, the international standard, reached $98.82 a barrel, up $4.75, or 5.05%, according to oilprice.com. West Texas Intermediate, the U.S. benchmark, hit $90.67 a barrel, up…
Oil prices jumped more than 4% Wednesday, with international benchmark Brent Crude trading over $95 a barrel – a $20 rise since the U.S. and Iran resumed fighting on July 7. Shippers remain reluctant to transit the Strait of Hormuz, despite U.S. Central Command insisting again Tuesday night that it “remains open.” Iran has continued…
Gas prices hit $4 a gallon again as the U.S. and Iran launched more attacks. The national average for a gallon of gas reached $4.003 on Monday, marking the first time in over a month it has crossed that threshold, according to AAA data. The price represents a national average, meaning drivers in some states…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Sen. Mark Warner, Democrat of Virginia CBS News contributors Chris Krebs and David Becker New York Gov. Kathy Hochul, a Democrat Border czar Tom Homan Bank of America CEO Brian Moynihan Click here to browse full transcripts from 2026 of “Face…
