Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Gas Prices
Key inflation gauge eases for the first time since 2020
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Fewer flights and higher fares aren't keeping travelers at home
Six weeks ago, a roundtrip fare between Los Angeles and San Francisco — a flight that lasts about 38 minutes — was $93. Last week, that same flight cost $350.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Expert on how soaring diesel prices will impact Americans this summer
According to AAA, the current national average for a gallon of gasoline is $4.59 as Americans head into the Memorial Day weekend.
Brutal week on the stock market
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
Analyst on why gas prices are so high
The current national average for a gallon of gasoline is $4.59 a record high price, according to AAA.
What's fueling high gas prices
Inflation, the war in Ukraine, supply chain issues coupled with rising demand are all factors in the steep gas prices the country is seeing, but there's more to it. Michael George has the latest.
Gas prices hit records as inflation fears intensify
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
Biden administration cancels Alaska oil and gas lease sale
The Interior Department's decision to not move forward with the lease sale comes as gas prices soar.
Gas tops $6 in California as prices surge nationally
Drivers are spending almost $5,000 a year on gasoline, a 70% jump from a year earlier, a Wall Street economist says.
Gas prices top $4 in every U.S. state for the first time
Average price reaches record $4.52 per gallon. Blame the high cost of oil and switch to summer gas blends.
Alaska oil and gas lease sale canceled
The Interior Department has canceled planned oil and gas lease sales in Alaska. The decision, which halts the potential to drill oil across one million acres in the Cook Inlet, comes as gas prices reach record highs. Drew Caputo, the vice president of litigation for lands, wildlife and oceans for the environmental advocacy group Earthjustice, joins Lana Zak to discuss.
Biden canceled energy lease sales. Is that impacting gas prices?
Critics say the U.S. government's move to block more drilling shows a "lack of commitment" to energy independence.
Gas prices surge to new record high of $4.43 per gallon
Prices at the pump now top $4 in all but three U.S. states, with costs driven up by a drop in capacity.
Prices climb despite inflation drop in April
The U.S. Department of Labor says the Consumer Price Index rose 8.3% from a year ago, down from an 8.5% annual increase in March. CBS News correspondent Carter Evans explains how high prices are squeezing Americans across the nation. Then, CBS News' Sarah Ewall-Wice joins Elaine Quijano to discuss.
Biden outlines plan to tackle inflation
President Biden delivered a speech Tuesday outlining his plans to reduce inflation and lower costs for consumers. CBS News senior White House and political correspondent Ed O'Keefe reports from Washington, then Ann Barry, the chief investment officer at Wheelhouse, joins Elaine Quijano on CBS News to discuss.
Biden pushes back at GOP over inflation
President Biden gave a speech on Tuesday on his plans to steady the economy, and he pushed back against Republicans who have been targeting Democrats over rising prices and inflation. Federal Reserve reporter for The New York Times Jeanna Smialek joins CBS News' Tanya Rivero and Mola Lenghi with more on the president's speech.
Americans are spending $100 more a month on gas than last year
AA reports that the national average cost of gasoline as of Tuesday is $4.37.
Gas hits new high as prices continue to climb
Gas prices hit a record high Tuesday as President Biden is set to announce new plans to fight inflation. Nancy Cordes reports from the White House.
Biden administration launches plans to replenish oil reserves
The administration wants to buy back 60 million barrels of oil.
Third Oath Keepers member pleads guilty
Another member of the far-right Oath Keepers group pleaded guilty on Wednesday to the high-level charges of seditious conspiracy during last year's attack on the U.S. Capitol. Meanwhile, officials are expecting border arrivals to increase once a pandemic restriction known as Title 42 is lifted. CBS News congressional correspondent Scott MacFarlane joins Elaine Quijano to discuss the latest.
Gas price hack: Save money on gas with a free Sam's Club membership
Find out how to receive a $45 Sam's Club e-gift card when you sign up -- it's like getting a membership for free.
Gas prices and GDP raise concerns
Gas prices are once again rising, with the national average now around $4.14 per gallon. Democrats are proposing new legislation to give the Federal Trade Commission increased authority to crack down on price gouging. CBS News chief White House correspondent Nancy Cordes joins "CBS News Mornings" to discuss.
After drifting downward, gas prices are on the rise again
The national average for a gallon of gas is now $4.15 a gallon, according to AAA.
Kristi Noem out as Secretary of Homeland Security, Trump says
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
Live
Trump says he must have a role in choosing Iran's next leader as war expands
President Trump said he must have a role in choosing Iran's next leader and called the son of the late Ayatollah Ali Khamenei "unacceptable."
Who will be Iran's next supreme leader? One name stands out.
The assassination of Iran's Supreme Leader Ayatollah Ali Khamenei in the early hours of the war has raised a simple but enormously consequential question: Who will replace him?
FBI confirms its networks were targeted by "suspicious" cyber activities
The FBI said it "identified and addressed suspicious activities on FBI networks" and that it was responding but did not elaborate.
Could Iran attack on U.S. soil? Be "extra vigilant right now," security analyst says
A former national security official says Iran has "surrogate networks here in the United States" and urges Americans to be "extra vigilant right now."
Dow plunges more than 1,000 points amid concerns about surging oil prices
Stocks are falling sharply on Wall Street on Thursday as oil prices rise further because of the war with Iran.
Senate fails to advance bill to end DHS shutdown with House still set to vote
GOP leaders say the lack of long-term funding for the Department of Homeland Security puts the nation at risk amid heightened threats.
Suspect identified and in custody after 3 women's bodies found in Utah
A suspect is in custody and has been identified after authorities in Utah found three women's bodies in two locations.
Britney Spears arrested on suspicion of DUI in Southern California
In a statement to CBS News, a representative for Britney Spears referred to her Wednesday arrest in Southern California as "unfortunate" and "completely inexcusable."
U.S.
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Trump vowed to revive manufacturing. Factory jobs are still vanishing.
Job cuts at a Whirlpool factory in Iowa underscore the challenges in reviving American manufacturing. "Every day, workers' jobs are still in jeopardy," a union official said.
Dow plunges more than 1,000 points amid concerns about surging oil prices
Stocks are falling sharply on Wall Street on Thursday as oil prices rise further because of the war with Iran.
24 states sue Trump administration over new global tariffs
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
Kristi Noem out as Secretary of Homeland Security, Trump says
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
GOP leaders urge Gonzales to drop reelection bid over affair scandal
The Texas Republican admitted Wednesday that he had a relationship with the staffer, who later died by suicide.
MoneyWatch
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Trump vowed to revive manufacturing. Factory jobs are still vanishing.
Job cuts at a Whirlpool factory in Iowa underscore the challenges in reviving American manufacturing. "Every day, workers' jobs are still in jeopardy," a union official said.
Dow plunges more than 1,000 points amid concerns about surging oil prices
Stocks are falling sharply on Wall Street on Thursday as oil prices rise further because of the war with Iran.
24 states sue Trump administration over new global tariffs
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
Gas prices are up 26 cents since last week, GasBuddy finds
Americans are now paying an average of $3.246 per gallon, up 26 cents since last week and the highest level since April 2025.
Elon Musk testifies in Twitter shareholder trial over actions before purchase
Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the number of spam and fake accounts on the platform. Twitter's stock tumbled as a result.
Politics
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Kristi Noem out as Secretary of Homeland Security, Trump says
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
GOP leaders urge Gonzales to drop reelection bid over affair scandal
The Texas Republican admitted Wednesday that he had a relationship with the staffer, who later died by suicide.
Tech investors sue Trump administration, accusing it of violating TikTok ban
A pair of tech investors have filed a civil lawsuit accusing the Trump administration of failing to enforce a law that required TikTok to either separate from its China-based owner or face a U.S. ban.
FBI confirms its networks were targeted by "suspicious" cyber activities
The FBI said it "identified and addressed suspicious activities on FBI networks" and that it was responding but did not elaborate.
Obama calls on voters to help Democrats' Virginia redistricting ahead of midterms
A special election is being held on April 21 on whether to amend Virginia's constitution to enable redistricting that could help Democrats in the midterm elections.
HealthWatch
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RFK Jr. challenges Dunkin' and Starbucks over sugary drinks
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Some baby formula brands contain heavy metals, Consumer Reports says
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
States face pushback on their rural health transformation plans
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
Chocolate supplement recalled over erectile dysfunction drug
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
College student's mystery illness diagnosed as Stage IV cancer
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
World
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Who will be Iran's next supreme leader? One name stands out.
The assassination of Iran's Supreme Leader Ayatollah Ali Khamenei in the early hours of the war has raised a simple but enormously consequential question: Who will replace him?
Could Iran attack on U.S. soil? Be "extra vigilant right now," security analyst says
A former national security official says Iran has "surrogate networks here in the United States" and urges Americans to be "extra vigilant right now."
Ecuador sinks "narco sub" as nation works with U.S. to fight organized crime
Ecuador and the U.S. began joint military operations on Tuesday, the U.S. Southern Command said on social media.
Arab states running dangerously low on interceptors in Iran war, officials say
Officials speculated that Iran is intentionally hitting the Arab states to get them to pressure the U.S. to end the war.
Sea levels higher than thought due to "methodological blind spot," study says
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.
Entertainment
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Entertainment
Savannah Louie on "Survivor 50" elimination
Savannah Louie, who won season 49 of "Survivor," talks about her early elimination from the show's 50th season, challenges she faced as a former winner and the lesson she took away from the game.
Leibovitz on photographing influential women
Throughout her career, Annie Leibovitz has photographed influential women, including Supreme Court Justice Ketanji Brown Jackson, Queen Elizabeth and former House Speaker Nancy Pelosi. She spoke to Anthony Mason about the moments behind the photos and what she plans for her future.
True crime series spotlights U.S. small towns
Hilarie Burton Morgan, known for playing Peyton on "One Tree Hill," talks about her docuseries, "True Crime Story: It Couldn't Happen Here," which is in its third season. She explains how each episode highlights a case in a small town in the U.S., how the series empowers the audience and recent developments in a cold case.
Padma Lakshmi talks "America's Culinary Cup"
TV host and food expert Padma Lakshmi, the creator and executive producer of the new CBS series, "America's Culinary Cup," speaks to "CBS Mornings" about creating the cooking competition and how it's different from other shows.
How families can change their habits
Bestselling author Michaeleen Doucleff offers science-backed tips on how families can curb their screen time and cut back on ultraprocessed foods. She explains how her new book, which is aimed at rewiring children's brains, began with a personal revelation.
Technology
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Exclusive
Anthropic CEO: We're trying to "deescalate" Pentagon AI standoff to reach agreement
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
OpenAI changing Pentagon deal after backlash
Hours after the Trump administration ditched Anthropic over the dispute about AI use, OpenAI struck its own deal with the Pentagon. Now the details of that agreement appear to be changing after backlash. Katrina Manson, Bloomberg News reporter, has more.
How AI powered robots are helping small farms
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.
Amazon says drones hit 3 of its Middle East data centers
Drones struck two facilities in the United Arab Emirates directly, and damaged a data center in Bahrain, Amazon said.
Exclusive
AI executive Dario Amodei on the red lines Anthropic would not cross
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
Science
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Sea levels higher than thought due to "methodological blind spot," study says
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 announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
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.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Austin PD give update on probe of deadly mass shooting that killed 3
Austin Police Chief Lisa Davis played surveillance video and police body cam video.
Suspect identified and in custody after 3 women's bodies found in Utah
A suspect is in custody and has been identified after authorities in Utah found three women's bodies in two locations.
Man accused of plot to assassinate Trump says Iran pressured him
A man accused of plotting to kill U.S. politicians said he was pressured by Iran's Islamic Revolutionary Guard Corps to devise the murder-for-hire scheme.
Gloves found near Guthrie's home tied to restaurant worker, no connection to case
DNA from the gloves found near Nancy Gunthrie's Arizona home was traced back to a local restaurant worker who has no connection to the investigation, the Pima County Sheriff's Department said.
Exclusive
Justice Dept. employee charged in child pornography case
Timothy Parsons, a legal staffer at the U.S. Attorney's Office in Washington, D.C., is facing federal criminal charges in Maryland, where he lives, three sources said.
Space
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Space
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA rolls Artemis II back for repairs
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
CIA special operations vet on Iran timeline
Marine Corps and CIA special operations veteran Elliot Ackerman joins CBS News to discuss the timeline for U.S. operations in Iran and reports that Kurdish groups are preparing to join the fighting.
AP: Kurdish groups preparing to join Iran war
Kurdish groups based in Iraq say they're preparing to join the fight against Iran, the Associated Press reports. CBS News Middle East contributor Courtney Kealy has more.
Schumer reacts to Kristi Noem ouster
Lawmakers are starting to react after President Trump announced Thursday that he was removing Kristi Noem as secretary of the Homeland Security Department. CBS News political reporter Hunter Woodall has more.
Early details on leadup to Kristi Noem ouster
President Trump announced Thursday that Kristi Noem is out as secretary of Homeland Security. CBS News' Fin Gómez has more on the lead-up to Noem's ouster.
Reaction from inside DHS to Noem ouster
President Trump announced Thursday that he's removing Kristi Noem as Homeland Security secretary. Homeland security correspondent Nicole Sganga has more.