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Citigroup says oil could slide to $65 a barrel in a recession

Worries of a global recession are pummeling the price of oil, and should those fears be realized this year crude could cave to $65 a barrel, according to Citigroup. “Thus far, we’re not in a recessionary environment,” Ed Morse, the bank’s global head of commodity research, told CBS MoneyWatch. The …

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Suspect arrested in fatal shooting of Arizona sheriff’s deputy

Arizona police have arrested a suspect in connection with the fatal shooting of a local sheriff’s deputy, 51-year-old Sergeant Rick Lopez, whom they believe was killed while attempting to apprehend the man for possible theft on Tuesday. Lopez, a 14-year employee of the Yavapai County Sheriff’s Office, was found unresponsive in Cordes …

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Congress passes bipartisan gun legislation, sending bill to Biden

The House on Friday approved bipartisan gun legislation that was overwhelmingly approved by the Senate late the night before, sending it to President Biden for his signature. It marks the most significant update to the nation’s gun laws in nearly three decades. The bill, called The Bipartisan Safer Communities Act, …

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Transcript: Dr. Scott Gottlieb on “Face the Nation,” June 19, 2022

The following is a transcript of an interview with Dr. Scott Gottlieb, former FDA commissioner and a member of the Pfizer board, that aired Sunday, June 19, 2022, on “Face the Nation.” MARGARET BRENNAN: We go now to former FDA Commissioner and current Pfizer board member, Dr. Scott Gottlieb, who …

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Tesla hikes its car prices by thousands of dollars

Electric car maker Tesla is hiking the prices of its vehicles in the U.S. amid rising raw materials and logistics costs.  The price of the startup’s Model Y long-range car is listed for $65,990 on Tesla’s website, up from $62,990, Reuters first reported. Tesla also raised the price of its …

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Larry Nassar victims, including former Olympians, seeking more than $1 billion from FBI for failing to stop him

Detroit — Former Olympic gymnasts, including gold medalist Simone Biles, are among dozens of assault victims who are seeking more than $1 billion from the FBI for failing to stop sports doctor Larry Nassar, lawyers said Wednesday. There’s no dispute that FBI agents in 2015 knew that Nassar was accused …

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Stocks fall as trading wobbles along with investors’ confidence in economy

Stocks fell on Wall Street Wednesday with trading remaining choppy all afternoon as investors try to determine how rising interest rates and inflation will impact the economy. The S&P 500 fell 1%, while the Dow Jones Industrial Average fell 278 points, or 0.8%, to 32,902. The tech-heavy Nasdaq fell 0.8%. …

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Social Security official: COLA of 8% likely, due to high inflation

An official with the Social Security Administration said seniors and others who rely on the benefits program are likely to receive a cost-of-living adjustment “closer to 8%” at the end of 2022 due to the current rate of inflation, which is the highest in four decades.  That increase would represent …

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Pence chief of staff alerted Secret Service of risk to Pence on eve of Jan. 6

The day before the Jan. 6, 2021 attack on the Capitol, the chief of staff to then-Vice President Mike Pence warned the Secret Service that there could be a potential threat to the vice president, CBS News has learned.  On Jan. 5, Marc Short called the lead Secret Service agent …

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