What's behind Fed's interest rate decision
The Federal Reserve left U.S. interest rates unchanged for a third consecutive time on Wednesday. CBS News coordinating producer Richard Escobedo has more.
Oil and Gas
U.S. gas prices rise as oil hits $111 a barrel
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
How Russia is benefitting from "America's war of choice in Iran"
Treasury chief Scott Bessent said Russia wouldn't benefit from an easing of oil sanctions to calm energy markets. But Russia is.
Trump sends new message to NATO allies
President Trump once again disparaged NATO allies over their response to his demands for help with reopening the Strait of Hormuz. CBS News' Olivia Rinaldi has the latest.
Oil prices edge lower after news of Iraq deal
Oil prices edged slightly lower on Wednesday as markets reacted to news of a deal between Baghdad and Erbil that would resume oil exports out of Iraqi Kurdistan. Megan Leonhardt, a senior writer for Barron's, joins with more.
The U.S. is the world's leading oil producer. So why are gas prices soaring?
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
How gas prices could impact other goods
The price of gas and diesel continue to rise as the war with Iran continues. The increased prices could impact the cost of other goods from groceries to airline tickets. Kelly O'Grady explains.
Israel targets more Iran leaders as allies reject Trump's calls for help
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject President Trump's demands for help in the Strait of Hormuz.
Iran war keeps Strait of Hormuz paralyzed and gas prices on the rise
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.
Iran strikes U.S. oil tanker in Strait of Hormuz
Since the start of the U.S. and Israel's war with Iran just over two weeks ago, 500 tankers have been stuck by Iran in the Strait of Hormuz. Imtiaz Tyab reports.
Trump asks allies to help secure Strait of Hormuz
President Trump continued to press other nations to help open up the Strait of Hormuz as the war with Iran entered its third week. Ed O'Keefe has details.
With gas prices still rising, experts recommend 3 ways to save fuel
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Trump asks for help with Strait of Hormuz
White House press secretary Karoline Leavitt told CBS News' Nancy Cordes that President Trump has a right to ask allies for help with reopening the Strait of Hormuz. CBS News' Charlie D'Agata, Imtiaz Tyab and Nancy Cordes have more.
Markets attempts to stay optimistic on oil
The stock market appears optimistic that the war in Iran will end soon and that oil prices will drop. Joy Wiltermuth, a reporter for MarketWatch, joins CBS News with more details.
Gas prices edge higher with Brent crude remaining above $100 per barrel
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
Latest news on Iran war as Trump faces anger
President Trump is trying to soothe concerns over rising oil and gas prices. This comes as he calls on allies to help protect ships on the Strait of Hormuz from Iranian attacks. CBS News' Charlie D'Agata and Imtiaz Tyab report.
Oil prices are falling — gas prices aren't. Here's why.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
Trump presses Strait of Hormuz to reopen
President Trump is calling on other countries to help reopen the Strait of Hormuz, a narrow waterway south of Iran that's crucial to moving oil tankers in and out of the Persian Gulf. Imtiaz Tyab has the latest.
War in Iran squeezing U.S. oil supply
The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez has more on the energy shock.
Trump asks for help to keep Strait of Hormuz open
President Trump called on countries like the U.K., France, South Korea, Japan and even China to help keep the Strait of Hormuz open as Iran tries to strangle the flow of oil from the region. Charlie D'Agata reports.
Energy secretary directs Texas oil company to restore operations off California
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
Qatar caught in crossfire of Iran war
Qatar, home to the largest U.S. military base in the Middle East, has been hit by Iranian retaliatory strikes amid the U.S.-Israeli war. Dr. Majed Mohammed Al-Ansari, who is the official spokesperson of Qatar's Ministry of Foreign Affairs, told CBS News' Imtiaz Tyab that the region needs "an end to this as soon as possible," warning, "a prolonged conflict in this region will have a profound impact" on the energy industry.
U.S. strikes key Iranian oil hub
President Trump said Friday night on social media that the U.S. struck a key Iranian oil hub on Kharg Island as tensions over the global oil supply ramp up amid Iran's closure of the Strait of Hormuz.
From the archives: Nixon on 1973 oil crisis
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
From the archives: Grappling with the 1973 oil crisis
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
Nepal flash flood rescue efforts intensify as death toll rises
Rescuers pulled out survivors and helicopters lifted stranded people to safety as Nepal and China raced to respond after catastrophic flash floods killed hundreds of people.
Live
Iran war hits 6-month mark with no end in sight
President Trump insists Iran is "begging to make a deal" to end the war, but Tehran, and crucially China, say his economic warfare tactics will fail.
Judge temporarily blocks new Postal Service rules for mail voting
A federal judge on Thursday temporarily blocked the U.S. Postal Service from enforcing its new requirements for mail voting for the November midterm elections.
U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said.
Judge rules Trump administration illegally punished AI firm Anthropic
A judge barred the Trump administration from enforcing a set of rules aimed at cutting off Anthropic from the federal government, ruling the administration had unconstitutionally punished the AI company for protected speech.
Fired Stars and Stripes journalists sue Hegseth and Pentagon spokesperson
The plaintiffs say the Trump administration is trying to fire them as a part of its "extraordinary censorship efforts."
Trump signs executive order to rename Lake Ontario "Lake America"
The executive order directs the Interior Department to update the Geographic Names Information System, changing the name of Lake Ontario to Lake America.
Norway's King Harald V, Europe's oldest monarch, dies at 89
King Harald V of Norway, Europe's oldest monarch, has died, the royal court says. He was 89.
Key moments from Lindsay Clancy's trial as jury weighs the case
Lindsay Clancy, 36, has pleaded not guilty to first-degree murder in the deaths of her three children and said she was suffering form postpartum psychosis. A jury is deliberating.
U.S.
More U.S.
U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said.
El-Sayed says he's spoken with Jeremy Moss after Hasan Piker's comments
Abdul El-Sayed, the Democratic nominee in Michigan's U.S. Senate race, says now is the time for Democrats to work together ahead of the 2026 midterm election.
Cyclospora outbreak tied to 3 more states, FDA says
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
Closing arguments in trial of man accused in Tupac's murder expected Monday
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Marine One's warning calls before mishap went unheard by air traffic controllers
The NTSB said tower recordings show controllers never heard Marine One's Aug. 4 calls warning it was preparing to take off, though separate recordings confirm the calls were made.
MoneyWatch
More MoneyWatch
OpenAI, Anthropic warn AI cyberattacks could surge in coming months
Hospitals, technology firms and other companies could soon be at risk from AI-enabled cyberattacks, according to a new open letter from more than 100 signatories.
Netflix offers extended pre-launch look at Grand Theft Auto 6
The latest GTA game is scheduled to drop on Nov. 19, more than 13 years after the last installment was released.
Fed's Cook responds to Trump firing threat, calls attacks "unfounded and untrue"
A lawyer for Federal Reserve Governor Lisa Cook said she "has never committed mortgage fraud or any intentional wrongdoing."
Trump's oil and gas stock trades continued during Iran war, filings show
President Trump has accused oil companies like Chevron and ExxonMobil of "making too much money." He owns shares of both.
Bill Gates issues stark warning about AI's impact on American jobs
In a nearly 6,000-word essay, Gates argues that artificial intelligence poses a mounting threat to U.S. workers.
Politics
More Politics
U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said.
Judge rules Trump administration illegally punished AI firm Anthropic
A judge barred the Trump administration from enforcing a set of rules aimed at cutting off Anthropic from the federal government, ruling the administration had unconstitutionally punished the AI company for protected speech.
Judge temporarily blocks new Postal Service rules for mail voting
A federal judge on Thursday temporarily blocked the U.S. Postal Service from enforcing its new requirements for mail voting for the November midterm elections.
El-Sayed says he's spoken with Jeremy Moss after Hasan Piker's comments
Abdul El-Sayed, the Democratic nominee in Michigan's U.S. Senate race, says now is the time for Democrats to work together ahead of the 2026 midterm election.
ICE grants $16.7 million contract to buy thousands of electric shock gloves
ICE has granted a $16.7 million no-bid contract for 6,000 gloves that can deliver electric shocks, a new use-of-force tool that the agency claims will help officers control resisting detainees.
HealthWatch
More HealthWatch
Cyclospora outbreak tied to 3 more states, FDA says
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
FDA approves new pancreatic cancer drug that could extend patients' lives
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Secrets of the gut microbiome and how it impacts our long-term brain health
Dr. Laura Cox, an assistant professor at Brigham and Women's Hospital and Harvard Medical School, explains how our dietary patterns play a significant role in our gut and long-term brain health.
Pennsylvania records first 2 measles deaths in 35 years
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
At least 1 in 4 ex-NFL players who died from 2016 to 2021 had CTE, study finds
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
World
More World
Tigers, jaguars, bison found in raid on fuel smugglers near U.S. border
Smuggling gasoline and diesel from the U.S. into Mexico and reselling it tax-free is a huge money-maker for organized crime gangs, including drug cartels.
Live
Iran war hits 6-month mark with no end in sight
President Trump insists Iran is "begging to make a deal" to end the war, but Tehran, and crucially China, say his economic warfare tactics will fail.
Norway's King Harald V, Europe's oldest monarch, dies at 89
King Harald V of Norway, Europe's oldest monarch, has died, the royal court says. He was 89.
Nepal flash flood rescue efforts intensify as death toll rises
Rescuers pulled out survivors and helicopters lifted stranded people to safety as Nepal and China raced to respond after catastrophic flash floods killed hundreds of people.
Toronto mayor calls tariff fight "unnecessary"
Toronto Mayor Olivia Chow told CBS News that around 5,000 jobs in Toronto's textile, clothing and leather manufacturing industries could be affected, which "means the price of Americans buying things, the cost will go up."
Entertainment
More Entertainment
Entertainment
Exclusive look at Grand Theft Auto VI
Netflix is sharing a look at the highly anticipated video game Grand Theft Auto VI, set to be released in November. Jordan Minor, a gaming writer at PCMag and author of "Video Game of the Year," joins "The Daily Report."
How Dolly Parton supported the Black community
Nashville historian David Ewing joins "The Daily Report" to break down how Dolly Parton used her royalties from Whitney Houston's rendition of "I Will Always Love You" to uplift the Black community in the city.
Closing arguments in trial of man accused in Tupac's murder expected Monday
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Dolly Parton offered to try experimental drugs if "no hope" in her cancer battle
"She told me recently that if there was no hope for her, she would still allow her medical team to try experimental drugs in the hope of helping others in the future," Stella Parton said in a Facebook post.
Netflix offers extended pre-launch look at Grand Theft Auto 6
The latest GTA game is scheduled to drop on Nov. 19, more than 13 years after the last installment was released.
Technology
More Technology
OpenAI, Anthropic warn AI cyberattacks could surge in coming months
Hospitals, technology firms and other companies could soon be at risk from AI-enabled cyberattacks, according to a new open letter from more than 100 signatories.
Bill Gates' dire warning about AI
Microsoft founder and computer pioneer Bill Gates changed the world forever with his technological innovation. Now, Gates is warning that the development of artificial intelligence without strong oversight and regulation could threaten society as we know it. MIT professor Max Tegmark shares his concerns.
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.
Meta settles social media addiction suit
A series of lawsuits accused tech giant Meta of purposefully designing social media apps to entice users and cause social media addiction. Meta will pay out $17 billion in a landmark settlement. CBS News' Jarred Hill reports.
Why does the Meta settlement matter?
Meta's multi-billion dollar settlement with 47 states over social media addiction could result in some major changes to social media rules, especially for children. Nicholas Thompson, CEO of The Atlantic, joins with more.
Science
More Science
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
More Crime
Tigers, jaguars, bison found in raid on fuel smugglers near U.S. border
Smuggling gasoline and diesel from the U.S. into Mexico and reselling it tax-free is a huge money-maker for organized crime gangs, including drug cartels.
Why some Clancy trial jurors won't deliberate
Jurors began deliberations in Lindsay Clancy's murder trial on Thursday after the prosecution and defense wrapped closing arguments. Boston criminal defense attorney and legal analyst Elyse Hershon joins CBS News to discuss.
Jury to consider lesser charges in Clancy trial
The judge in Lindsay Clancy's trial directed jurors to consider lesser criminal charges in addition to first-degree murder as deliberations began on Thursday. CBS News legal contributor Jessica Levinson has more.
Sailboat theft ends in deadly shootout
What started with the theft of a luxury sailboat near the foot of Manhattan ended with a deadly police shootout in Rhode Island. Tom Hanson has the details.
Closing arguments in trial of man accused in Tupac's murder expected Monday
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Space
More Space
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Latest Galleries
More Latest Galleries
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
DOJ in court over Kennedy Center and Trump again
The Kennedy Center Board, made up of President Trump and his allies, is again fighting to display Mr. Trump's name on the building's facade. CBS News Justice Department reporter Jake Rosen has the latest on Thursday's court hearing.
Why some Clancy trial jurors won't deliberate
Jurors began deliberations in Lindsay Clancy's murder trial on Thursday after the prosecution and defense wrapped closing arguments. Boston criminal defense attorney and legal analyst Elyse Hershon joins CBS News to discuss.
NFL teams finalize rosters ahead of season
Tyler Dragon, an NFL reporter at USA Today, joins "The Daily Report" to break down what to expect from the upcoming football season.
Exclusive look at Grand Theft Auto VI
Netflix is sharing a look at the highly anticipated video game Grand Theft Auto VI, set to be released in November. Jordan Minor, a gaming writer at PCMag and author of "Video Game of the Year," joins "The Daily Report."
Jury to consider lesser charges in Clancy trial
The judge in Lindsay Clancy's trial directed jurors to consider lesser criminal charges in addition to first-degree murder as deliberations began on Thursday. CBS News legal contributor Jessica Levinson has more.