Economy

Why $4 a gallon gas prices won’t trigger Fed interest rate hikes

While there's still plenty of uncertainty about where rates are headed, Wall Street commentary shifted back to expectations for cuts.

Nike turnaround timeline still unclear amid uneven recovery in China, North America

Nike has shown some gains in North America, its largest market, amid its turnaround, but the strength was offset by weakness in China.

Centuries-old pottery firm Denby set to call in administrators

Almost 600 jobs could go amid higher cost of gas and labour and softening consumer demand

Behind on credit card debt in retirement? Here's what actually happens next.

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Gas in U.S. hits $4 a gallon for first time since August 2022

Updated on: March 31, 2026 / 11:37 AM EDT / CBS News

Energy bills in Great Britain forecast to hit almost £2,000 a year this summer

Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs

Unilever’s $16 billion move shows a shift is happening in consumer products

The tie-up between Unilever and McCormick highlights a shift in strategy among consumer goods companies that prioritizes dominating specific categories

Steel bosses warn ‘back door’ loophole in UK trade rules could lead to job cuts and closures

New measures will protect Tata and British Steel but allow foreign pre-made parts into the UK, say industry bosses

Moscow is profiting from the Iran war for now

The Iran war has caused energy prices to surge, directly benefiting — and filling the coffers — of major oil and gas producers like Russia.

Stocks, bonds and commodities: How global markets have traded the Iran war

Assets across the board have been turbulent in the month since the war began.

What are today's mortgage interest rates: March 31, 2026?

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McCormick buys Unilever's food business in deal that values it at nearly $45 billion

McCormick will pay a combination of cash and equity to expand further into condiments and spreads.