Economy

United CEO floated idea of United-American Airlines merger, sources say

Updated on: April 14, 2026 / 7:42 AM EDT / CBS News

The Iran war could cost the American taxpayer $1 trillion, says Harvard academic

As efforts to reach a lasting settlement have so far proved unsuccessful, one Harvard academic estimates the total could end up far higher than was promised.

This Tax Day, Manufacturers Are Open for Business Like Never Before

This Tax Day, America’s manufacturers aren’t looking backward — they’re building for the future. Across the country, manufacturers and the communities they serve are seeing the impact of a competitive tax code designed to incentivize investment, growth, and hard work.

U.S. Hormuz blockade hits India just as Russian oil purchase waiver expires, deepening energy worries

U.S. moves to blockade Iran, and let a Russian oil waiver lapse, squeeze India’s energy supplies, exposing its vulnerability under rising U.S. pressure.

LVMH stock drops as analysts flag luxury recovery 'party postponed' amid Iran war

There was a deterioration of demand in March as a result of the Middle East conflict, said LVMH CFO Cécile Cabanis.

European stocks close higher on hopes that Iran peace talks can resume

European stocks advanced on Tuesday amid renewed hopes that Middle East peace talks could resume, despite a U.S. blockade on Iranian ports.

U.S. oil price tumbles below $92 as White House considers further talks with Iran

U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.

Protests erupt in Ireland over high fuel costs caused by war in Iran

Protests have erupted across Ireland in recent days over the surge in fuel prices driven by the war in Iran, with demonstrators blocking key oil infrastructure and major roads.

Chris Wright warns gas prices may stay high throughout the summer

Energy Secretary Chris Wright said it could take months to lower gas prices and acknowledged that prices may go up further before falling.

How tax filing has changed due to Trump's One Big Beautiful Bill Act

President Donald Trump’s One Big Beautiful Bill Act will have some significant effects on this year’s tax filing season, with provisions such as “no tax on tips” and “no tax on overtime” allowing people to claim more deductions.

The Iran war is compounding California's energy crunch

While the United States leans into its domestic crude oil production, one state is being left out to dry, California.

McDonald's to start selling refreshers and crafted sodas nationwide in May

Updated on: April 13, 2026 / 3:34 PM EDT / CBS News