Economy

IEA orders largest ever release of stockpiled oil to reduce crude price

liberal

IEA orders largest ever release of stockpiled oil to reduce crude price

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran war

6 months ago

economy

Inflation held steady in February before Iran war drove up gas prices, CPI report shows

liberal

Inflation held steady in February before Iran war drove up gas prices, CPI report shows

Updated on: March 11, 2026 / 10:17 AM EDT / CBS News

6 months ago

economy

IEA announces record release of oil to counter war price hikes

conservative

IEA announces record release of oil to counter war price hikes

The International Energy Agency announced the release of 400 million barrels from strategic oil reserves to curb prices driven up by the war in Iran.

6 months ago

economy

IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption

liberal

IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption

The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.

6 months ago

economy

What are today's mortgage interest rates: March 11, 2026?

liberal

What are today's mortgage interest rates: March 11, 2026?

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6 months ago

economy

Porsche to cut more jobs after costly reversal of electric car strategy

liberal

Porsche to cut more jobs after costly reversal of electric car strategy

German carmaker has struggled with rising competition in China, a key market for European luxury brands

6 months ago

economy

Black women were disproportionately impacted by DOGE cuts. A year later, they're rebuilding careers for themselves and each other

liberal

Black women were disproportionately impacted by DOGE cuts. A year later, they're rebuilding careers for themselves and each other

Black women make up 12% of the federal workforce and experienced the largest federal employment losses between 2024 and 2025.

6 months ago

economy

Inflation held at 2.4% in February as affordability woes persist

conservative

Inflation held at 2.4% in February as affordability woes persist

Inflation held steady at 2.4% for the year ending in February as higher prices continue to plague President Donald Trump.

6 months ago

economy

Consumer prices rose 2.4% annually in February, as expected

liberal

Consumer prices rose 2.4% annually in February, as expected

The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.

6 months ago

economy

AI Isn’t Coming for Everyone’s Job

liberal

AI Isn’t Coming for Everyone’s Job

The rise and fall of the player piano indicates a robust demand for human labor that machines cannot replace.

6 months ago

economy

Gas prices: 64 cents higher than a month ago, and no state averages under $3 per gallon

conservative

Gas prices: 64 cents higher than a month ago, and no state averages under $3 per gallon

The national average price for regular gas continues to soar, reaching $3.578 per gallon on Wednesday morning. The price point marks a 64-cent-per-gallon increase compared to a month ago, according to AAA.

6 months ago

economy

Deutsche says these two sectors could benefit from larger German fiscal spending

liberal

Deutsche says these two sectors could benefit from larger German fiscal spending

Cyclicals and software stocks are poised to benefit from Germany's increased fiscal outlay after recent falls, according to analysts at Deutsche Bank.

6 months ago

economy