9/5: CBS Weekend News
Iran war sends gas, diesel prices soaring; U.S. strikes 3 Iranian oil tankers. Source link
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Are mortgage rates heading back above 7%? Here’s what experts think.
Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
Employer and worker health plan costs expected to jump in 2027
Employers across the U.S. are likely to face sharply higher health insurance costs next year, which could drive up how much workers pay for medical coverage, according to a recent survey. Health benefits consulting firm Marsh projects that the total health benefit cost per employee, which measures both employer and employee premium contributions, will rise…
Iran war drives U.S. diesel price to record high as Vance downplays the conflict and its impact
5m ago Diesel hits an all-time high as U.S. gas prices surge ahead of Labor Day weekend U.S. gas prices surged ahead of Labor Day weekend, with diesel hitting a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022. The AAA has predicted that travelers will face…
Sturdy stock market mints a record number of 401(k) millionaires
America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
CBS News gas and oil price tracker shows how much energy costs are rising amid the Iran war
The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service. Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key…
Gas prices are surging just before Labor Day, as diesel nears an all-time high
Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
Trump says U.S. issued a “very heavy attack,” on Iran and is “prepared to do another one anytime”
Trump says U.S. issued a “very heavy attack,” on Iran and is “prepared to do another one anytime” – CBS News Watch CBS News Oil prices jumped higher on Wednesday after the U.S. and Iran traded military strikes, and gas prices are on track to hit a Labor Day weekend high. Charlie D’Agata reports on…
Is China’s EV market takeover inevitable as Chinese automakers prepare to gain a foothold in North America?
Beijing — On the outskirts of the Chinese port city of Ningbo, surrounded by lush green hills topped with giant wind turbines to harness the power of the gales off the East China Sea, is a factory where bosses believe they’re making the cars of the future. It’s where the Geely Auto Group, one of China’s…
Trump $1 coins go on sale from U.S. Mint, priced from $1.55 to over $2 each
The U.S. Mint will begin selling gold-colored $1 coins featuring President Donald Trump’s likeness at noon ET on Wednesday, with prices ranging from about $1.55 to $2.44 per coin. The coins, first announced in July, bear a rendering of Mr. Trump’s face on the obverse side, with the inscriptions “Liberty,” “In God We Trust” and…