Economy

74 stories

Iran conflict could trigger U.S. gas price surge

The conflict involving Iran is already disrupting global oil markets and is likely to push U.S. gasoline prices higher, Sahar Razavi, director of the Iranian and Middle Eastern Studies Center at California State...

Oil Rallies as Gulf Strikes Disrupt Global Supply

Oil prices climbed sharply late Sunday after U.S. and Israeli strikes on Iran and subsequent retaliatory attacks against Israel and U.S. military sites around the Gulf disrupted the flow of crude. Traders bet that...

How Iran Strikes Could Affect Oil and Gas Prices

A central concern is how strikes on Iran would influence global oil and U.S. gasoline prices. Oil trades on a worldwide market, so supply disruptions anywhere can push prices up everywhere. The most immediate...

Dow Surges Past 50,000 in Biggest Rally Since May

U.S. stocks staged a sharp comeback Friday as tech names recovered losses from earlier in the week and bitcoin steadied, producing the market’s biggest one-day gain since May. The Dow Jones Industrial Average climbed...

Trump Says Prices Falling; Data Tell a Mixed Story

President Trump told viewers in a televised address that his administration is “crushing” inflation and that “prices are coming down tremendously.” A look at recently released data and expert commentary shows a more...

Trump touts economic record amid rising voter unease

Former President Donald Trump has been reaffirming his economic track record and proposals, spotlighting tax cuts, deregulation and expanded domestic energy production as signature accomplishments and central pillars of...

Trump Allows Nvidia to Sell Advanced Chips to China

Updated on December 9, 2025 — CBS News President Trump announced Monday that he will allow California-based Nvidia to sell its advanced H200 AI chips to approved customers in China, marking a notable relaxation of...

Trump permits Nvidia H200 sales to China

President Trump announced on social media Monday that he will permit Nvidia to sell its H200 AI chips to approved customers in China and other countries. He said the authorization applies only to the H200 products and...