Here's what OPEC's production cuts mean for U.S. gas prices
Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
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Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
New data shows some European nations are seeing inflation slow to its lowest level in a year. However, the same report shows upward pressure on prices and a rise in core inflation. CBS News anchors Weijia Jiang and Jim Axelrod spoke with Barron's reporter Megan Cassella about what this means for policymakers trying to stabilize Europe's economy.
A key inflation gauge tracked closely by the Federal Reserve slowed sharply in February. The release of the personal consumption expenditures price index Friday comes after the central bank raised interest rates for the ninth time in about a year. Ann Berry, the founder of Threadneedle, joined Jim Axelrod and Weijia Jiang to discuss that and other economic news.
Former President Donald Trump expected to be arraigned in New York City Tuesday; CBS News talks with coaches of UConn and Miami ahead of Final Four matchup.
Pope Francis hospitalized and receiving treatment for respiratory infection; MLB opening day will feature historic rule changes.
Initial unemployment benefits ticked up for the first time in three weeks and revised federal data showed the fourth quarter GDP trimmed slightly at a 2.6% annual rate. CBS News contributor and managing editor for business and markets at Axios, Javier David joined Anne-Marie Green and Vladimir Duthiers to discuss these key economic indicators.
Some 7,000 employees will lose their jobs, with the first round of cuts starting this week as Disney moves to slash costs.
President Biden trumpets economic agenda in Wisconsin; How Mr. Biden's State of the Union address compares to past speeches.
New data shows that U.S. home prices fell 0.2% in January, the seventh consecutive month prices have gone down. Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News's Errol Barnett and Lana Zak to discuss where prices are falling fastest and what to expect in the coming months, as the Federal Reserve may continue its interest rate hikes.
Nashville school shooter legally bought seven guns from five stores; Ukraine president Volodymyr Zelenskyy stresses importance of fight for Bakhmut.
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
In a hearing Tuesday, Senate lawmakers scrutinized top federal regulators on the downfalls of Silicon Valley Bank and Signature Bank, and concerns over a lack of oversight. CBS News congressional correspondent Scott MacFarlane joined John Dickerson to discuss the hearing.
Community reacts to Nashville school shooting; Taylor Swift fans sue TicketMaster over "Eras tour" chaos.
Minneapolis Fed chair Neel Kashkari tells "Face the Nation" that while not "all of the stresses are behind us, I expect this process will take some time. But fundamentally, the banking system is sound."
New data shows home flipping in the United States is still popular, but last year the practice saw its lowest profits since 2008. CBS MoneyWatch reporter Khristopher Brooks joins Errol Barnett and Elaine Quijano to discuss the trends.
Deadly strikes in Ukraine overnight as Zelenskyy calls for more weapons; Last-minute spring break travel deals.
The Bank of England has raised interest rates to their highest level in 15 years. CBS News anchors Meg Oliver and Errol Barnett spoke with foreign correspondent Imtiaz Tyab about what this means for residents and the economy.
The Federal Reserve raised interest rates another quarter-point in an effort to ease inflation. In the U.K., the Bank of England also raised rates. CBS News contributor and Axios managing editor for business and markets Javier David discusses the impact with anchors Anne-Marie Green and Vlad Duthiers.
They say government helps wealthy more than middle class amid bank issues.
The Federal Reserve is raising interest rates again in an effort to ease inflation. The quarter-point hike comes amid increased concern over the U.S. banking system. CBS News political correspondent Caitlin Huey-Burns joins "Red and Blue" to discuss the White House's response.
The Federal Reserve raised interest rates by a quarter of a percentage point, despite several recent bank failures. The Fed signaled that the wave of rate hikes may be nearing an end. Caitlin Huey-Burns takes a closer look.
Chinese President Xi Jinping and Russian President Vladimir Putin wrapped their three-day summit by pledging to shape a new world order. CBS News anchors Lana Zak and Errol Barnett spoke with former U.S. Ambassador to China and former Montana Senator Max Baucus about what the two nations gain from their highly publicized meetings.
The Federal Reserve will decide whether it needs to boost interest rates again at a meeting Wednesday. Inflation still remains high, but the nation's recent banking crisis is causing concern over how the Fed should respond. CBS News senior White House and political correspondent Ed O'Keefe has more, and then Ann Berry, the founder of Threadneedle Strategies, joins CBS News to discuss the next steps for the Fed.
Bharat Ramamurti, deputy director for the National Economic Council, joins Lana Zak and Errol Barnett ahead of the Federal Reserve's decision on interest rates. He discusses the Biden administration's response to recent bank failures and stubbornly high inflation.
The Federal Reserve is widely expected to raise interest rates for ninth time in roughly the span of a year today. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to discuss what analysts are anticipating and the significance of the central bank's forthcoming decision.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
President Trump was planning to visit China at the end of March.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Travelers continue to face long lines at airports across the U.S. due to the partial government shutdown affecting TSA agents.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
President Trump was planning to visit China at the end of March.
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
President Trump was planning to visit China at the end of March.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
President Trump was planning to visit China at the end of March.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
The latest blackout in Cuba comes over a week after another massive outage affected the island's west, leaving millions without power.
Coast guard rescuers pulled all 21 people out of the water, but a 17-year-old student and the captain of one of the boats were later pronounced dead.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
The 2026 Academy Awards were held in Los Angeles on Sunday. Entertainment Tonight host Kevin Frazier breaks down the winners and the biggest upsets.
CBS News contributor Lauren Sherman breaks down some of the best looks from the 2026 Oscars, where looks from Chanel and Dior dominated the red carpet.
Grammy award-winner Lizzo exclusively announced on "CBS Mornings" her latest project, a children's book called "Little Lizzo Meets Sasha B. Flute." She spoke with Gayle King about her inspiration for the book and message for young readers.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Closing arguments are expected to begin on Monday in Kouri Richins' murder trial. She's accused of giving her husband a deadly dose of fentanyl four years ago before she later published a children's book about grief. The case included 13 days of testimony, but the defense did not call any witnesses. If convicted, Richins could face life in prison.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
The operation marks the latest joint show of force against drug cartels in the South American country.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
A major storm brought dangerous blizzard conditions across the Great Lakes and the Midwest states over the weekend. These videos show the conditions on the ground.
Travelers are facing long lines and delays at airports across the U.S. as a partial government shutdown affecting the Department of Homeland Security drags on. CBS News congressional reporter Taurean Small has more on the state of negotiations.
The major winter storm that dumped as much as two feet of snow in parts of the Great Lakes and Midwest is now traveling east, bringing severe weather to large parts of the coast. CBS News correspondent Nicole Valdes reports.
President Trump is calling on other nations that depend on oil exported through the vital Strait of Hormuz to help reopen it. The shipping lane, which carries about 20% of the world's oil supply, has been blocked since the war began nearly three weeks ago. CBS News' Imtiaz Tyab, Chris Livesay and Erica Brown have the latest.
Bob Crawford is best known as the bassist for the Avett Brothers. But he's also the author of a new book about the political career of John Quincy Adams. Crawford joins "The Takeout" to discuss his book "America's Founding Son."