oil prices

Another big luxury deal may be brewing

Kering, the owner of luxury brands including Gucci and Yves Saint Laurent, has held exploratory talks to buy Italian apparel company Moncler, according to Bloomberg.

California gas prices soar above $4

Gasoline prices have spiked in California, soaring well above what most Americans are paying at the pump. In some locations, Californians are paying $5 for a gallon of gas.

America has a huge stash of emergency oil

Three days before Christmas in 1975, President Gerald Ford signed a law creating the United States' first emergency stash of crude oil. The nation had been traumatized by an oil embargo a few years earlier.