OPEC and Russia slash oil production in bid to boost prices
In a move that could drive up gas prices, the oil cartel will cut production by 2 million barrels per day starting in November.
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In a move that could drive up gas prices, the oil cartel will cut production by 2 million barrels per day starting in November.
Indication of lasting inflation worries Americans; White House steps in amid potential railroad workers strike.
The races for Arizona's new governor, senator and secretary of state are heating up, with just five weeks until election day. New CBS polling shows inflation and the economy are top voter priorities, while election security and abortion are still top of mind for candidates. Ed O'Keefe reports from Tempe.
Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
This week on "Face the Nation with Margaret Brennan," we'll have the latest on Ukraine with Samantha Power, the head of the U.S. Agency for International Development, and Virginia Democratic Sen. Tim Kaine. Then we'll hear from Illinois Rep. Adam Kinzinger; Dr. Paul Burton, the chief medical officer at Moderna; and Dr. Deborah Birx, the COVID-19 response coordinator during the Trump administration.
This week on “Face the Nation with Margaret Brennan,” with inflation now hitting over 9%, we have a string of guests to talk about the state of the American economy as experts fear a recession is coming. Plus, more on the subpoena to the U.S. Secret Service sent by the House select committee investigating the Jan. 6 attack on the U.S. Capitol with member Rep. Adam Kinzinger.
Most people say it's harder to own a home or raise a family these days, crimping their standard of living.
Fears of a recession are growing across Europe. CBS News anchors Anne-Marie Green and Vladimir Duthiers spoke with Rick Newman, senior columnist for Yahoo Finance and author of "Rebounders, How Winners Pivot From Setback to Success," about the impact a European recession could have on the U.S. economy.
Sharp drop in job openings will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.
Discover this week's exclusive deals on items designed to help save money and make life a little easier
Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.
It can be hard to believe we're talking the holidays already – but it could save some big bucks to start shopping early this year. High inflation and rising interest rates don't have to also mean soaring holiday spending. Nancy Chen has more.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Ivette Garrido hurried last week to get the 13 pounds of subsidized chicken allotted to her family by Cuba's government and put it in the freezer, happy to have meat to get through Hurricane Ian.
Investors continue to worry that Fed could hit brakes on economy too hard and cause a recession.
Investors eager to get slice of luxury automaker, boosting its stock in first day as a public company.
The stock market finished with substantial gains on Wednesday despite Hurricane Ian making landfall in Florida. CBS News anchors Tanya Rivero and Lana Zak speak with Kristin Myers, editor-in-chief of The Balance, about the impact the storm could have on the economy.
Average U.S. rent costs have fallen for the first time since 2020. Nest Seekers International chief economist Erin Sykes joined CBS to discuss what's driving the trend and what renters can expect.
Yet tight labor markets in Republican-leaning states may be contributing to higher inflation there, a new report found.
Biden to sign $1.9 trillion relief bill; Private island for sale in the Bahamas
Abortion access and the economy are emerging as top issues in the race for North Carolina's open Senate seat, which pits Democrat Cheri Beasley against Republican Rep. Ted Budd. CBS News political correspondent Caitlin Huey-Burns is in Raleigh with a look at how the race is shaping up.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
Once ubiquitous "starter homes" have been disappearing from the U.S. market. Joseph Gyourk, a professor at the Wharton School of Business, joins CBS News to discuss the rising costs and shortage of affordable homes.
The Federal Reserve raised interest rates by three-quarters of a percentage point for the third consecutive time this year in an effort to curb inflation. CBS News business analyst Jill Schlesinger explains what's behind the move and what we should expect going forward.
The Dow has given investors further confirmation that it is in a bear market. CBS News' Lana Zak and Lilia Luciano speak with Neil Irwin, chief economic correspondent for Axios, on what those concerns could mean for Americans' financial interests.
Ukrainian President Zelenskyy says he and President Trump have agreed to meet in Florida on Sunday, signaling progress in talks to end the Russia-Ukraine war.
Millions of Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
The body of 9-year-old Melodee Buzzard was found by authorities in Utah on Dec. 6 after she went missing in October.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
The band announced Perry Bamonte's death on their official website on Friday.
The suspected gunman was shot and killed by law enforcement, authorities said.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
Images shared by Syria's state-run news agency showed blood on carpets, holes in the walls, shattered windows and fire damage.
Flat-headed cats are among the world's most threatened wild felines.
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
Smith previously played young Nala in "The Lion King" on Broadway.
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
Smith previously played young Nala in "The Lion King" on Broadway.
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
His lawyers argued that Rozier's alleged involvement in the wire fraud and money laundering conspiracies is limited.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
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.
Steve Hartman follows up on the story about a boy he met "On the Road" who can perfectly imitate bird calls.
Hassle-free returns may be a thing of the past, and if you're staring at a stack of unwanted Christmas gifts, you may have to think twice before mailing them back. Dave Malkoff reports.
The cost of heating a home is going through the roof, but there are steps you can take to try to keep your energy bills down. Ash-har Quraishi has details.
Flu season is in full swing, with close to 5 million cases and nearly 2,000 deaths, including at least three children, according to the Centers for Disease Control. Kati Weis reports.
Details are emerging about the Christmas Day military strikes in northern Nigeria. The U.S. launched what President Trump called a "powerful and deadly" strike on ISIS targets in the West African nation. Willie Inman has more.