Gas could soon hit $5 a gallon if Strait of Hormuz remains shut, JPMorgan analysis finds – CBS News Watch CBS News A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins “The … Read more
Gasoline prices in the U.S., which have risen $1.16 a gallon since the start of the Iran war in February, could top $5 a gallon as soon as later this month if the Strait of Hormuz remains closed through mid-April, according to J.P. Morgan energy analysts. Higher prices at the pump could also consume “much or all” of … Read more
NEWYou can now listen to Fox News articles! St. Paul, MINN. – From Times Square to here in Minnesota’s state capital, communist and socialist activists at the nationwide “No Kings” protests escalated their anti-America campaign and openly called for a nationwide economic strike on May 1, an international communist holiday known as May Day, as … Read more
Colombia’s navy said Friday that it had destroyed dozens of drug trafficking laboratories and seized more than two tons of cocaine during operations in the country’s southern Pacific region. The navy said it also seized more than 3,700 gallons of smuggled fuel in the area, which “prevented the strengthening of illicit economies in the area.” … Read more
The central bank’s faulty economic predictions hurt markets and the Fed’s own institutional credibility. Source link
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting. The company cited “challenging economic realities” and a shift in radio programming strategies as reasons behind the decision. About 700 affiliated stations nationwide carry CBS News Radio programming, which will end on May 22. All … Read more
The Justice Department says it has shuttered four websites that were allegedly used by Iranian government-linked groups to post hacked information and threaten regime critics. The move comes amid fears that the U.S. and Israel’s war with Iran could expand into cyberattacks. A news agency linked to the Iranian Revolutionary Guards has threatened American tech … Read more
Acting deputy TSA administrator Adam Stahl says the agency is concerned about the growing number of sick calls among TSA officers, which is leading to long security lines at airports across the country. “If the call rate does climb, there could be scenarios where we may have to shut down airports,” he told CBS News. … Read more
NEWYou can now listen to Fox News articles! A Biden-appointed federal judge who drew Supreme Court intervention twice in a separate deportation case is facing fresh conservative backlash after temporarily blocking Trump administration vaccine policies on Monday. Judge Brian Murphy’s ruling in the U.S. District Court in Massachusetts was the latest in a string of … Read more
The Kennedy Center’s board of directors voted on Monday to shut down operations for two years as President Trump calls for a major overhaul of the D.C.-based performing arts institution. It’s the latest move by Mr. Trump to put his stamp on the Kennedy Center, drawing stiff criticism from congressional Democrats and performing artists. The … Read more