Economy

74 stories

Farm Closures, Consolidation Rise Amid Soaring Costs

A Politico analysis of new USDA data shows U.S. farms are under increasing financial strain: nearly 150,000 farms have disappeared in the past five years and total farmland fell by more than 21 million acres. The number...

Why March Jobs Beat Expectations

The March payrolls report surprised on the upside: the Bureau of Labor Statistics showed payrolls up 178,000 versus the Dow Jones consensus near 59,000, and the unemployment rate edged down to 4.3% from 4.4%. But the...

Jamie Dimon: A Crusade to Restore the American Dream

In an interview with Tony Dokoupil, JPMorgan Chase CEO Jamie Dimon acknowledged that the American dream is becoming harder to reach for many and said he is "on a crusade to change that." He urged action: "We have a lot...

Trump, Iran and the Economic Ripple Effects

President Trump told CBS White House correspondent Weijia Jiang that he expects gasoline prices, which have climbed above $4 per gallon on average, to come down “when we leave” Iran — a remark reflecting his view that...

U.S. Gasoline Tops $4 Amid Iran War Concerns

Updated: March 31, 2026 / 4:02 AM EDT / CBS News The national average price for a gallon of regular gasoline climbed above $4 on Tuesday for the first time in more than three years, AAA reported. The average was $4.018...

Iran Conflict Strains Already-Struggling U.S. Farmers

Vinton, Iowa — March 28, 2026 Lifelong farmer Lance Lillibridge of Vinton says the Iran conflict has arrived at the worst possible time for spring planting. "It couldn't have come at a worst time," Lillibridge told CBS...

Iran Conflict Pushes U.S. Gas and Oil Prices Higher

March 27, 2026 — CBS News The military confrontation with Iran has driven up crude oil and gasoline prices, straining budgets for U.S. drivers, delivery workers, farmers and the U.S. Postal Service. Analysts warn prices...