Economy

74 stories

Employers Increase Entry-Level Hiring After Decline

Overview: A new survey finds employers expect to boost hiring of recent college graduates by just over 5% this spring compared with a year earlier. Separate data show the unemployment rate for young college graduates...

Kevin Warsh Testifies Before Senate Banking Committee

Updated April 21, 2026 — Kevin Warsh, President Trump’s choice to replace Jerome Powell as Federal Reserve chair, is scheduled to answer senators’ questions on inflation, interest rates and the Fed’s balance sheet at a...

Farmers Struggle as War Drives Fuel Prices Higher

Energy Secretary Chris Wright warned that gasoline pushed up by the conflict may not fall below $3 per gallon until next year. At the pump now, regular gas averages about $4.05 per gallon while diesel has jumped to...

Gas Prices Ease as U.S.-Iran Tensions Loom

President Trump accused Iran of "blackmail" on Saturday even as many Americans saw a small break at the pump: the national average for regular gasoline fell to just over $4 per gallon, about $0.08 lower than the prior...

CBP launches CAPE portal for IEEPA tariff refunds

What’s happening The U.S. Customs and Border Protection (CBP) will open an online portal called CAPE (Consolidated Administration and Processing of Entries) on April 20 to accept requests for refunds of tariffs the...

Chevron Executive Urges Drivers to Cut Fuel Use

April 14, 2026 — CBS News With gasoline prices climbing in the U.S. and around the world amid the war with Iran, Chevron executive Andy Walz advised Americans to reduce driving and conserve energy to help lower pump...

Chevron: Venezuelan Oil Eases U.S. Gas Prices

By Megan Cerullo Updated April 14, 2026 / 6:20 PM EDT / CBS News Chevron’s stepped-up imports of Venezuelan crude are helping to ease fuel costs for American drivers, a senior company executive told CBS News. Andrew...

March CPI Jump Fueled by Iran War Energy Shock

Updated April 10, 2026 — A surge in global energy costs tied to the Iran war pushed U.S. inflation sharply higher in March, with the Consumer Price Index registering a 3.3% annualized increase — the strongest reading in...

Could an Iran Ceasefire Lower U.S. Gas Prices?

Updated April 9, 2026 A last-minute ceasefire between the United States and Iran has calmed immediate market fears, but analysts say drivers should not expect a swift or dramatic drop in pump prices. Patrick De Haan...

Iran Conflict Threatens Inflation Rebound

The war with Iran is threatening to reverse recent gains against inflation, economists say. A CBS News survey of six forecasters finds the Consumer Price Index for March is expected to show prices rising at a 3.3%...

Rising Gas and Car Prices Squeeze U.S. Buyers

Global tensions, including the war in Iran, and other international factors have pushed U.S. fuel costs sharply higher. The nationwide average for a gallon of regular gasoline is about $4.10, up from roughly $3.19 a...