Economy

How Iran's regional allies' attacks in Yemen are compounding the war's impact on oil prices

September 14, 2026 / 11:12 AM EDT / CBS News

Trump should make Washington’s electricity affordable again

Washington’s renewable energy mandates are making its electricity so expensive that the Council of the District of Columbia explicitly exempted its government buildings from being required to pay the costs of the regulations.

DOE offers $16M for mining programs to counter China's control of supply

EXCLUSIVE — The Department of Energy is offering a total of $16 million to advance critical mineral education across the country as part of the Trump administration’s efforts to expand the domestic industry and end China’s control of the supply chain.

Trump visits Ireland amid skyrocketing energy prices

Americans are feeling the squeeze from skyrocketing fuel prices, with gas rising 16 cents from a week ago to a nationwide average of $4.31 per gallon. Concerns about oil prices followed President Trump during his trip to Ireland this weekend. Nancy Cordes has more details.

A spoonful of sugar: how South Africa’s weigh-and-pay shops are tackling ‘poverty tax’ head on

Run by a social enterprise, the six shops operate from shipping containers across Johannesburg’s Alexandra township and sell food and household goods by weight in small, affordable amounts

Shein shares fall 10% amid urgent recall of contact-lens cleaner by Australia, New Zealand

Shein's Hong Kong-listed shares fell as much as 10%, amid news that a contact lens product has been recalled urgently due to worries of contamination.

Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move

Mondelez is expanding its chocolate manufacturing operations in Malaysia, with the company also seeing further room for growth across Southeast Asia.

Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand

Baker Hughes has yet to see higher borrowing costs slow investment in major energy projects.

Satellite images show extent of damage to major Saudi pipeline, amid global oil supply fears

Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supply

The 10-year Treasury is closing in on 5%. How it gets there matters more

The 10-year Treasury yield is closing in on 5%, a level last touched in October 2023. Strategists say the drivers behind higher yields are more important.

Prediction markets are becoming more professionalized, but also harder to beat

The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.

Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz

Saudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.