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EPA takes early step in methane rule rollback
The Trump administration undertook an early step Monday in what is expected to be a significant rollback of a Biden-era rule restricting methane emissions from oil and gas production. Last year, the Environmental Protection Agency (EPA) announced that it would revisit the methane rule, arguing that it was “throttling the oil and gas industry.”  On Monday, the EPA…
Two more drug companies to officially launch on TrumpRx
Exclusive Politics Two more pharmaceutical companies, Abbvie and Genentech, to officially launch on TrumpRx By Olivia Rinaldi Olivia Rinaldi White House reporter Olivia Rinaldi is a White House reporter at CBS News. She covered President Trump's 2024 presidential campaign and was previously an associate producer for "CBS Evening News with Norah O'Donnell" and a broadcast associate for "Face the Nation." She is based in Washington, D.C. Read Full Bio Olivia Rinaldi April 6, 2026 / 6:03 PM EDT / C...
Phillips 66 Sees Nearly $1 Billion in Losses as Oil Prices Surge
Phillips 66 estimated nearly $1 billion in losses from its short position in oil and other related commodity derivative contracts in the first quarter as the war in Iran sent crude and fuel prices skyrocketing.
Goldman Says It’s Ready to Pounce as Retail Flees Private Credit
Goldman Sachs Group Inc. says a reliance on stickier, more patient institutional investors, rather than wealthy individuals, helped its $15.7 billion private credit fund narrowly escape the broader exodus plaguing peers this year.
Girl who survived brutal Florida shark attack returns to waters where it happened: 'She's fearless'
A young girl who survived a shark attack in Florida returned to the beach as part of the healing process.The shark attack took place on June 12, 2025, off Boca Grande, which is on the state's southwest coast near Fort Myers.Leah Lendel was 9 when she was bitten during a snorkeling trip with her family. The bite nearly severed her hand off."It's kind of like healing for me to come over here, because seeing this happen to me and sometimes I even forget I got a shark bite," Leah told WZVN-TV.The at...
Gas prices aren’t the only factor fueling used EV sales
The most recent electric vehicles sales data provided a grim picture — at least for new EVs. Sales of new electric vehicles took a beating in the first quarter, falling some 28% year-over-year after the Trump administration axed the $7,500 consumer tax credit, according to Cox Automotive. Used EVs are moving in the opposite direction. And a couple of accelerants have combined to supercharge those sales.
OPEC+ agrees to boost output when Strait of Hormuz reopens
A group of OPEC+ members met on Sunday and agreed to increase their oil output once the Strait of Hormuz is reopened. The plan is set to be implemented in May and the countries said they would plan to produce 206 thousand barrels per day, upon the waterway reopening, according to a press release. Eight…
Medicare Finalizes 2.48% Rate Hike
The US Medicare program will pay private insurers 2.48% more in 2027, a meaningful improvement over the initial rates the agency proposed in January. Michelle Cortez has more on "Bloomberg The Close." (Source: Bloomberg)
13 laundry essentials that save time and money — starting at $3
Cut down on time, effort and money spent with products designed to make laundry day less of a chore. From dryer vent cleaners to high-efficiency detergents and retractable clotheslines, these upgrades help you handle every load with less hassle.Original price: $27.95A clogged dryer vent slows drying times and can increase the risk of fires. This 30-foot vent brush reaches deep to remove lint, hair and buildup. Use it inside your dryer vent and along the exterior opening for a more thorough clean...
Next Gen Bitcoin ETFs, Refiners Outperform Broader Market | ETF IQ 4/6/2026
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: State Street Investment Management Global Head of Research Strategist Matt Bartolini and PIMCO Generalist Portfolio Manager Dave Braun. (Source: Bloomberg)
Is SpaceX Worth $2 Trillion? Key Questions for Musk’s Big IPO
In the seven and a half years since Apple Inc.’s market capitalization broke through the $1 trillion mark, investors have become accustomed to seeing big tech companies command 13-digit valuations in public markets.
The upper middle class is now the largest income group in the U.S.
MoneyWatch The upper middle class is now the largest income group in the U.S., study finds .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Rea...
Flexport CEO: Top Iran Supply Chain Risk is Fertilizer
Flexport CEO Ryan Petersen discusses why the Strait of Hormuz is so 'massively important' for energy, and how the conflict in Iran is disrupting global supply chains well beyond the Middle East. He talks with Romaine Bostick and Isabelle Lee on "The Close." (Source: Bloomberg)
Iran war to throttle oil flows even if Strait of Hormuz reopens soon
MoneyWatch Iran war will throttle oil flows even if Strait of Hormuz reopens soon, analysis predicts .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Alain Sherter Alain Sherter Senior Managing Editor, MoneyWatch Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. Read Full Bio Alain Sherter Updated on: April 6, 2026 / 4:07 PM EDT / CBS News Add CBS News on Go...
Gas prices are high. What can you do about it?
Your Money Gas prices are high. What can you do about it? April 6, 20264:00 PM ET Heard on All Things Considered By Camila Domonoske , Stephan Bisaha Gas prices are high. What can you do about it? Listen · 6:41 6:41 Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5771628/nx-s1-9718829" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
War Opens a Door for Argentina Gas, Pampa's Mindlin Says
The war in Iran gives Argentina an opportunity to present itself as a safe source of energy to the world, Pampa Energia Chair Marcelo Mindlin says on Bloomberg Businessweek Daily. Mindlin also says the acquisition of InterCement was a "once-in-a-lifetime opportunity." (Source: Bloomberg)
Venezuela’s government, opposition may cooperate to safeguard US assets
Venezuela’s government and its political opposition are seeking to coordinate their legal defence of the oil-rich country’s United States assets, after Washington’s official recognition of interim president Delcy Rodriguez raised questions about who could represent the country in US courts. Lawyers for Rodriguez’s government and the opposition asked Manhattan-based US Magistrate Judge Sarah Netburn on Monday to pause for 45 days a case in which creditors are seeking to seize funds linked to...
MAK Capital Tells Evotec to List US Unit Worth Over €1 billion
Activist fund MAK Capital, led by Michael A. Kaufman, has urged the leadership of German biotech firm Evotec SE to list its US unit and speed up its cost cutting program after the shares have lost about 85% over the past five years.
Associated Press cutting dozens of staffers
The Associated Press is planning to cut dozens of positions as part of a broader restructuring of the media company, The Hill confirmed on Monday. “Even though we’ve evolved in the U.S. over the past few years, too much of our operations are still tied to large U.S. newspaper groups, who make up less than…
FIFA World Cup 2030 Projects Could Strain Morocco’s Budget, IMF Warns
Rabat – Morocco has relied on infrastructure as a cornerstone of its economic development, according to a recent report by the International Monetary Fund (IMF). Since the mid-2000s, investments in ports, transport, and telecommunications have strengthened productivity, boosted competitiveness, and connected the country more closely to regional and global markets. The IMF estimates that infrastructure improvements have contributed to nearly one-fifth of Morocco’s productive growth since...