As the threat of escalation in the war with Iran drives gas prices higher and hurts economies worldwide, one sector is doing really well, the revenue for Big Oil. Ali Bauman explains.

Major oil companies reported massive profits while fighting between Iran and the U.S. impeded petroleum shipments

Tim Stewart, president of the U.S. Oil & Gas Association, provides insight into the volatile oil market amidst escalating Middle East tensions and President Donald Trump's warnings to Iran.

America's biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis.

The US joined Japan in engineering one of the most notable rebounds in the yen since the currency began its years-long slide, a decline that’s stoked inflation in the Asian nation and rippled through global markets.

The U.S. Treasury reportedly stepped into currency markets on Friday by buying Japanese yen, joining Japans efforts to stabilize the currency after it weakened to levels close to a four-decade low. According to a

The U.S. Treasury Department has informed banks that it might make currency trades on Friday to support the Japanese yen and strengthen its exchange rate against the dollar, according to a person familiar with the matter.

The U.S. Treasury stepped into the currency market on Friday ​to back the battered yen, the Financial Times reported, marking Washington's first intervention ‌along with Tokyo to support Japan's currency in more than a decade as it languishes near 40-year lows.

Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.

The U.S. stock market is swinging between gains and losses on Friday, as Wall Street’s wildJuly remains rocky. Amazon is leaping, but Apple is sinking, and rising oil prices are adding to

Wall Street closed higher on Friday, supported by a rally in Amazon shares after the technology giant's strong quarterly results boosted investor confidence in artificial intelligence-related stocks,

U.S. stocks rose to the finish of a wild July as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation