For U.S. consumers, soaring oil prices due to the Iran war don’t just mean pain at the pump — the impact is also likely to be felt by shoppers both in stores and online. Global oil prices have jumped more than 40% since the conflict effectively closed the Strait of Hormuz, a critical waterway in…
Soaring diesel prices are rippling through the U.S. economy, putting a financial squeeze on schools, farmers and small businesses as their fuel costs spike. Average diesel prices hovered around $6.50 a gallon on Friday, just below their record high of $6.53 on Sept. 22 and up from $3.69 a year ago, according to AAA. That…
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) Hosted by Jane Pauley COVER STORY: A new generation of moviemakersLuke Burbank reports. THE NEW SEASON: Fall 2026 – New movies“Sunday…
Matt Bell, 52, has been farming for more than half his life in central North Carolina. He grows soybeans, corn and wheat and raises beef cattle on more than 1,000 acres. But Bell, who voted for President Trump, says soaring prices for fuel, fertilizer, and equipment are hurting his farm and leading some of his…
Gasoline and diesel prices continued to surge on Thursday, with energy experts warning that those costs are likely to climb in the days ahead amid festering geopolitical conflicts overseas. “Consumers should plan on higher prices for longer,” said Patrick De Haan, a petroleum expert at GasBuddy, which tracks U.S. fuel prices. The national average for…
The U.S. economy has remained resilient over the past two years despite a slowing labor market, trade wars and resurgent inflation, but economists are now warning that a convergence of new and lingering threats could test its strength. The “worry list is growing more worrisome,” Ed Yardeni, president and chief investment strategist of Yardeni Research,…
Long lines formed at gas stations in Tehran Tuesday after the United States announced fresh sanctions aimed at pressuring Iran into submission. Washington has turned to pulling economic levers six months into a war on Iran that has ground to a stalemate militarily, with peace talks stalled and most traffic through the crucial Strait of…
Walmart said it is using billions of dollars in tariff revenue to lower prices as the company moves to appeal to consumers experiencing an affordability pinch due to higher inflation. The Arkansas-based retailer, which reported its earnings on Thursday, has received “substantially all” of the $2.9 billion in tariff refunds it was eligible for, executive…
Sick of cleaning your home? One company wants to let you offload the task to a humanoid robot. For $30 an hour, some San Francisco residents can now hire a robot to clean their home. Tau Robotics, an engineering company that builds AI technology to power robots, announced the service last month as part of…
