Economy

California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.

Fuel costs are rising after it became clear that Iran is not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.

Buying a computer? AI is making it more expensive.

April 30, 2026 / 11:30 AM EDT / CBS News

Why Gen Z feels priced out of the American dream

The milestones associated with adulthood — buying a home, paying off student debt, and starting a family — have become dramatically more difficult to achieve. The issue is not that younger generations reject responsibility or lack ambition. Rather, it is a rational concern about affordability, specifically economic costs and barriers that Generation Z did not create.

Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar

Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey

How to pay off $15,000 in debt by the end of 2026

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Even before the Iran oil shock, US economy was under stress

In the absence of a direct military threat against the United States, nothing should concentrate a president’s mind as much as the economy, especially when signs are pointing to possible “stagflation” if things continue as they are. Previous presidents understood this. We can’t be sure about today’s provocateur in chief.

Could the UAE’s shock exit from Opec cause an oil price war?

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come

GDP rose at 2% annual rate in first quarter as U.S. economy rebounds

April 30, 2026 / 9:40 AM EDT / CBS News

Oil & gas hedges, commodity bull market

Here are three investment strategies we heard out of CNBC’s London studios on Thursday to help navigate the noise.

What are today's mortgage interest rates: April 30, 2026?

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Iranian currency hits all-time low amid US blockade

The Iranian rial hit a new record low on Wednesday as the country’s economy enters its most dire straits yet, amid a U.S. blockade of the Strait of Hormuz.

Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud

The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein's activist fund on Thursday.