Economy

Europe to release oil and diesel reserves in response to Trump pressure

The Group of Seven nations plan to release up to 100 million barrels of oil and diesel from its emergency stocks following pressure from the Trump administration.

Trump says Europe has agreed to release "massive amount" of diesel oil from stockpiles

Updated on: October 2, 2026 / 4:47 PM EDT / CBS News

American starts letting customers mix cash and miles for tickets

American is joining other carriers that allow customers to book with a combination of points and miles.

Amazon Prime customers could get $200 refunds in expanded FTC deal. See who is eligible.

October 2, 2026 / 10:44 AM EDT / CBS News

This hyperscaler made Goldman Sachs’ list of top picks for October

The firm added five new names to its favorite stocks list as the new month got underway.

From Unicorn Frappuccinos to VIP meet-and-greets: How 3 brands are turning buzz into business

As companies fight harder for consumers' attention, marketing is becoming an increasingly important tool for driving growth.

US added just 29,000 jobs in September in sharp drop from last month’s gains

Final jobs report before the midterm elections also shows the US unemployment rate rose slightly to 4.2%

Treasury Sec. Bessent, IRS crack down on ETF strategy the wealthy are using to avoid capital gains taxes

The IRS and Treasury issued a warning this week on an ETF strategy wealthy investors have been using to shield capital gains income from taxes.

Traders now see little chance of a Fed rate hike in October after weak jobs report

Odds tumbled after a jobs report showed a soft labor market, leading more traders to lower the the chances of a fed funds rate increase this month.

Ford Fends Off Hyundai to Retain No. 3 U.S. Sales Position in Third Quarter

Ford on Friday reported a year-over-year sales decline of 6.6% during the third quarter to 507,395 light-duty vehicles.

The details of September's jobs report are more encouraging

Friday’s jobs report for September was a disappointment, showing the economy adding just 29,000 new payroll jobs and the unemployment rate ticking up to 4.2%.

The details of September's jobs report are more encouraging

Friday’s jobs report for September was a disappointment, showing the economy adding just 29,000 new payroll jobs and the unemployment rate ticking up to 4.2%.