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DoorDash driver feels the squeeze as gas prices top $4 a gallon in many states
Drivers in at least 13 states across the country are paying an average price of $4 a gallon or more for gas. Jason Allen spoke to a man who's feeling the strain with his second job as a DoorDash driver.
Russian oil tanker arrives in Cuba with U.S. permission amid oil blockade
A Russian tanker carrying roughly 700,000 barrels of crude oil arrived in Cuba on Tuesday morning. This is the first significant oil delivery to the island nation in three months. CBS News national correspondent Lilia Luciano has more.
Farmers, truckers feel pinch of rising energy costs
The average cost of a gallon of regular gas is now over $4 for the first time since 2022, when Russia invaded Ukraine. Diesel prices also rose on Tuesday, reaching $5.45 a gallon. When energy prices rise, the prices of most other goods rise as well. CBS News correspondent Lana Zak reports from Iowa.
JPMorgan Amends $7.2 Billion Sealed Air Deal After Pushback
Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.
Fed’s Barr Flags Stablecoin Risks As Agencies Ready Rules
Federal Reserve Governor Michael Barr said stablecoins present some areas of concern tied to potential money laundering and financial stability risks, in a warning for banking agencies as officials craft regulations.
WSI Seals 10‑year Retail Deal At Australia’s Newest International Airport In 50 Years
As Western Sydney International prepares for its first passengers, the airport is defining its retail identity. Lagardère AWPL’s latest contract signals how WSI plans to present itself from day one.
Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns
The European Union's energy commissioner says skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won’t return to normal levels any time soon, even if peace is declared tomorrow
Thinking of foreclosing your loan? Here's what it does to your credit score
Thinking of foreclosing your loan Heres what it does to your credit score
US trade rep says he sees ‘positive agenda with China going forward’
U.S. Trade Representative Jamieson Greer said Tuesday that he envisions a “positive agenda” on trade with China moving forward, amid a years-long tariff battle between the two countries.  “The Chinese want stability. We want stability,” Greer told host Annmarie Hordern on “Bloomberg Surveillanc...
Vale Base Metals Touts Internal Growth Over M&A and IPO Push
Vale Base Metals executives emphasized a focus on developing existing assets instead of chasing acquisitions at an investor event while downplaying the likelihood of a near-term initial public offering of the Vale SA unit.
Colombia Raises Rates as Petro’s Minister Walks Out in Protest
Colombia’s central bank delivered a full percentage-point increase to its key interest rate after Finance Minister German Avila walked out of the policy meeting, underscoring a deepening rift between President Gustavo Petro’s government and the monetary authority.
How the Middle East war is driving up shipping costs
Iran’s blockade of the Strait of Hormuz trade route in the Middle East war is driving up the costs of shipping fuel and goods around the world, industry data shows. Prices have risen because of falling capacity, with ships staying put in the Gulf for fear of attack if they set sail. Other ships are...
Ripple effects of rising oil prices on the U.S. economy
The U.S. is pressing forward with its strikes against Iran as the White House pushes for Tehran to make a deal to reopen the Strait of Hormuz. CBS News' Kelly O'Grady, Eleanor Watson and Nancy Cordes report.
Lenders to Vista's Software Firm Solera Form Pact as Loans Near Maturity
A group of senior lenders to Solera Holdings Inc., including Apollo Global Management Inc. and Pacific Investment Management Co., has tapped a legal adviser ahead of the software company’s debt maturing in 2028, according to people familiar with the situation.
California AG Bonta Says Sable Restart Won’t Lower Oil Prices
The restart of some 50,000 barrels a day of oil production off the coast of California will have have “no impact” on oil prices, the state’s Attorney General said in an interview on Bloomberg Televison.
Iran blows hole in US aluminium supply chain
With attacks on the two biggest aluminium smelters in the Middle East over the weekend, Iran struck at major suppliers to the United States of a strategic metal the world’s biggest economy does not produce nearly enough of domestically, analysts said. Before the weekend, disruption from the...
Europe Has Enough Jet Fuel for Now, as Trump Lashes Out
Europe is expected to have enough jet fuel to avoid shortages in April, according to people directly involved in the aviation fuel market. But that situation could change in May, as the conflict in the Middle East continues to rock global energy markets.
Rising oil costs hurting U.S. farmers, small businesses
AAA announced Tuesday that the average U.S. gas price has topped $4 a gallon. CBS News correspondent Lana Zak reports on how the costs are impacting businesses. Then, Justin Wolfers, professor of public policy and economics at the University of Michigan, joins with analysis.
UBS’s McCartney on M&A Outlook Amid Iran Conflict
Dealmakers are navigating a volatile backdrop as the war in Iran continues to cloud the global economic outlook. Gareth McCartney, UBS Global Head of Capital Markets Origination, discusses the potential impact on the M&A market with Dani Burger on "Open Interest." (Source: Bloomberg)
Meredith Whitney on Cracks in Confidence, Labor Market
Meredith Whitney Advisory Group CEO Meredith Whitney discusses consumer sentiment after US confidence confidence unexpectedly rose in March — even as job openings fell and hiring slowed in February, per BLS data. She speaks with Dani Burger and Matt Miller on "Open Interest." (Source: Bloomber...