Oil prices surpassed a record $126 per barrel on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.

Gasoline and crude oil jumped to new records, with gas rising 3 cents to an average national price of nearly $3.65 a gallon and oil crossing $124 a barrel for the first time.

U.S. employers have cut tens of thousands of jobs in the last few months and layoffs appear to be spreading. If you're worried about your job, now isn't the time to panic. It's time to get prepared.

The number of newly laid off U.S. workers seeking unemployment benefits dropped much more than expected last week. The Labor Department reported Thursday that applications for unemployment benefits fell to 365,000.

Wall Street tumbled as the price of a barrel of oil soared to a record near $124 and touched off concerns that the stock market's recent gains might have been premature while consumers grapple with rising energy and food costs.

Thought about buying a hybrid but have yet to take the plunge? Now may be the time to reconsider. With gas prices high, a hybrid could save you money.

It's for the better in some ways, but not others, says Early Show money maven Ray Martin, who offers guidance to students and parents.

Oil futures blasted to a new record near $123 a barrel, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages.

"Grand Theft Auto IV" raked in more than $500 million in its first week in stores, selling more than 6 million units worldwide, the video game's publisher said.

Clearwire and Sprint Nextel will combine their wireless broadband units to create a $14.55 billion communications company.