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Economy

Latest economy news and updates

Oil only accounts for half the cost of a gallon of gas. Here's where the rest comes from. - CBS News

U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?

Mary Cunningham

1 day ago

Elon Musk Is Dipping Into the Rejected Candidates Pile After Admitting xAI 'Was Not Built Right' - Gizmodo

AJ Dellinger•1 day ago

Canada sheds more than 100,000 jobs in first two months of year - BBC

Staff Writer•1 day ago

Stock Market Today: Dow Fades On Inflation, GDP Surprise; Nvidia Turns Lower (Live Coverage) - Investor's Business Daily

Staff Writer•1 day ago

More Economy Stories

Key inflation gauge worsened in January, before Iran war lifted gas prices - AP News

An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in oil and gas costs. Prices rose 2.8% in January compared with a year earlier…

Christopher Rugaber

4 min

Starbucks union sent the company a proposed contract. Here's what baristas want - CNBC

Discussions between Starbucks and the union representing about 6% of its company-owned U.S. stores hit a wall last year.

Amelia Lucas

3 min

Southwest Airlines to discontinue flights to Chicago's O'Hare airport in June, continue service to Midway - ABC7 Chicago

Southwest Airlines said Friday it will discontinue service to Chicago's O'Hare airport in June.

ABC7 Chicago Digital Team

2 min

Amazon Prime Video nearly doubles the price to go ad-free and stream 4K video - The Verge

Amazon Prime Video is raising the price of its ad-free plans from $2.99 to $4.99 per month and removing 4K streaming from Prime subscribers who don’t pay extra.

Emma Roth

4 min

Are David Protein Bars Actually Bad for You? - The Cut

According to a class-action lawsuit, macro trackers’ favorite snack contains about 83 percent more calories and 400 percent more fat than advertised.

Julia Reinstein

3 min

Why China could emerge a winner from Trump’s global energy shock - The Washington Post

Spiking oil prices may reveal how China has been more successful in electrifying its economy and reducing dependence on fossil fuels than the United States.

Evan Halper

1 min

Personal Income and Outlays, January 2026 - U.S. Bureau of Economic Analysis (BEA) (.gov)

Personal income increased $113.8 billion (0.4 percent at a monthly rate) in January, according to estimates released today by the U.S. Bureau of Economic Analysis.

Staff Writer

4 min

Stocks bounce as oil eases slightly, but S&P 500 heads for third-straight losing week: Live updates - CNBC

The Dow Jones Industrial Average fell more than 700 points on Thursday, notching its lowest closing level in 2026.

Sean Conlon, Pia Singh

16 min

Rivian R2 Launches With Its Priciest Trim: $57,990 - Motor1.com

Rivian has released details about the upcoming electric R2 lineup, including trims, prices, and options. Here’s what you need to know.

Anthony Alaniz

3 min

The biggest names missing from the list of America's top philanthropists - CNBC

MacKenzie Scott and many of America's richest are absent from the latest Philanthropy 50 ranking.

Hayley Cuccinello

4 min

AI is moving fast — and breaking things - Business Insider

Companies are confronting a delicate balancing act as they try to scale AI without making costly mistakes.

Sarah E. Needleman, Ana Altchek

4 min

3 things you need to understand about how war with Iran will raise your cost of living - CNN

The war with Iran is complex, but the reason why the Middle East conflict matters to your financial well-being comes down to three simple facts.

David Goldman

4 min