Economy

The Foreign Pollution Fee: a win for America First trade

Now that the Supreme Court ruled against using International Emergency Economic Powers Act (IEEPA) tariffs, President Donald Trump is looking for other tools to protect American workers and businesses.

Make $200K and still get aid? How subsidies fuel rising prices

When Brendi Bluitt found out she qualified for an interest-free public loan of $84,000 to help purchase a $376,000 condo, she was surprised. In an interview with The Washington Post, she said she didn’t think of herself as poor: She had a good job, pulling in more than $80,000 a year working in PR.

Iran war is making it harder for the Federal Reserve to cut interest rates

March 16, 2026 / 5:00 AM EDT / CBS News

Oil's War-Driven Volatility Pulls in Record Retail Money, Fueling 'Meme-Style' Trading

Net retail buying of oil ETFs hit a record $211 million on March 12, surpassing the previous peak seen during the market turmoil in May 2020, according to Vanda Research.

Trump’s warning over Kharg Island raises the stakes for Iran’s oil exports

Trump's decision to order strikes on Kharg Island has pushed one of the world's most critical oil hubs into the center of the escalating U.S.-Iran conflict.

Strait of Hormuz disruption threatens to shake global economy

March 15, 2026 / 7:00 PM EDT / CBS News

Iran's control over the Strait of Hormuz could raise consumer prices across the board

March 15, 2026 / 7:00 PM EDT / CBS News

Initiative may be slipping away from US and Israel as Middle East crisis deepens

There is little sign of imminent regime change in Iran as its blockade of strait of Hormuz shocks global economy

Airline CEOs urge Congress to end shutdown and pay airport TSA officers

Nearly month-long funding lapse has disrupted US air travel and caused long wait times amid security officers’ absences

California Oil Pumping Expected To Begin Immediately

Oil-pumping is expected to begin imminently off the California coast after President Trump issued an Executive Order to resume drilling near Santa Barbara.

Bank stocks have been crushed this year. 2 of our names should weather the storm

The businesses of Goldman Sachs and Wells Fargo should be largely insulated from the three major headwinds facing the industry.

Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel

Energy supply shock from US-Israeli attack on Iran fuels record valuations for Shell, ExxonMobil and Chevron