How Americans are handling back-to-school budgeting with rising prices – CBS News Watch CBS News With inflation contributing to price bumps, many families are looking to save on their back-to-school budgets. We took a look at a spending survey. Source link
Oil giants see profits surge as Iran war drives energy prices higher – CBS News Watch CBS News America’s biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis. Source link
Energy companies Exxon and Chevron rake in huge profits as fighting between US and Iran drive energy prices higher Source link
Turkeys aren’t known for flying but their prices are soaring ahead of the Thanksgiving holiday. A September outlook report from the United States Agriculture Department estimates that wholesale prices for frozen turkeys will be $1.32 per pound this year, a 40% increase from 2024’s average of $0.94 per pound. The wholesale price is what retailers pay … Read more
Although inflation has cooled markedly since U.S. prices surged during the pandemic, high food costs continue to give consumers a stomachache. Food prices, which outpaced overall inflation for much of last year, rose in December at an annual rate of 3.1%. That remains significantly above the 2.7% for all goods, according to the latest Consumer … Read more
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents … Read more
Stocks on Wall Street drifted to a mixed close Monday as oil prices fell after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end the war. The S&P 500 rose less than 0.1% after spending much of the day bouncing between small gains and losses. The benchmark index was … Read more
Oil prices fell on Monday as President Trump’s decision to pause strikes on Iran fueled hopes for diplomacy. Meanwhile, top tech stocks including Amazon and Meta are preparing for the release of their new earnings reports. Yahoo Finance reporter Brooke DiPalma joins CBS News to discuss. Source link
Global oil prices are hovering around $90 per barrel as the U.S.-Iran conflict remains volatile. Meanwhile, the Federal Reserve is set to make an interest rate decision on Wednesday. Madison Mills, a senior AI reporter for Axios, joins with more. Source link
Oil prices tumbled on Monday and the U.S. stock market was poised to rise 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, … Read more