Gas prices dip below $3 per gallon, the lowest since 2021
The average price across the U.S. now stands at $2.95 per gallon, down 8.5 cents from a week ago, according to GasBuddy.
OPEC
Trump victory's impact on the energy sector
President-elect Donald Trump vowed to cut U.S. energy prices by 50% within one year of taking office. He is also expected to loosen regulations on oil and natural gas companies. Patrick De Haan, the head of petroleum analysis for GasBuddy.com, a website that tracks fuel prices, joins CBS News to discuss.
War in Middle East driving up oil prices
As the Middle East waits to see how Israel will respond to Tuesday's massive missile attack by Iran, oil prices have risen over the prospect of possible Israeli strikes on Iran's oil facilities. CBS News foreign correspondent Ramy Inocencio has more.
How will OPEC+ cuts affect U.S. gas prices?
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S.
Investors close out 2023 with a stock market gain of 24%
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Saudi Arabia, Russia move to extend oil cuts could drive up gas prices
Move by two OPEC+ members to continue scaling back crude production likely means higher prices at the pump for U.S. drivers.
Saudi Arabia cutting oil output in move that could raise gas prices
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
OPEC announces cuts to oil production
OPEC unexpectedly announced cuts to oil production. The move will likely increase the price of gas.
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.
OPEC+ decides against further oil cuts
Saudi-led OPEC+ opted not to make any additional changes to oil production as Western sanctions on Russian oil are set to take effect. Evan Halper, a business reporter for the Washington Post, joins CBS News' Vladimir Duthiers and Lilia Luciano to discuss the impact.
OPEC maintains oil targets amid uncertainty over Russian sanctions
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
OPEC releases 2022 World Oil Outlook
OPEC estimates show that the world markets could demand more oil for the next decade, despite a push toward renewable energy and electric cars. Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins CBS News to talk about what the projection means and how it could affect suppliers and consumers.
North Korea could test tactical nuclear weapon
North Korean leader Kim Jong-un could soon test a tactical nuclear weapon, according to U.S. and South Korean officials. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins CBS News' John Dickerson to discuss.
Biden vows "consequences" for Saudi Arabia
President Biden said there will be "consequences" for Saudi Arabia after the country, as part of OPEC, sided with other oil producing countries to cut production. CBS News chief White House correspondent Nancy Cordes discussed what those consequences could be.
Ukraine to receive more advanced air defense systems
The White House said Tuesday that Biden has promised to provide Ukraine with more advanced air defense systems. This comes as Russia continues to bombard the country with missile attacks. Meanwhile, the White House also said Mr. Biden is reevaluating the U.S.-Saudi relationship after OPEC announced last week it would cut oil production. CBS News chief White House correspondent Nancy Cordes reports from Washington, D.C.
John Kirby discusses the war in Ukraine
John Kirby, a retired admiral who now serves as National Security Council coordinator for strategic communications, joined CBS News to discuss the war in Ukraine, Russian President Vladimir Putin's nuclear threats, as well U.S.-Saudi relations and North Korea's recent missile tests.
Biden to release more oil from reserve
President Biden is releasing 15 million barrels of oil from the nation's strategic reserve in an effort to curb rising prices after OPEC+ announcing it would cut oil production. CBS News senior White House and political correspondent Ed O'Keefe explains how the administration plans to account for the oil it's taking from the reserve and how the move could affect the midterm elections.
Biden releases 15M barrels from oil reserve
President Biden unveiled his three-step plan Wednesday to lower oil prices. Part of that plan is the release of 15 million barrels of oil from the U.S. strategic reserve. The announcement comes weeks after OPEC+ announced it was cutting oil production, a decision that drove gas prices up. CBS News senior White House and political correspondent Ed O'Keefe discussed the president's plan.
Investors react to oil reserve announcement
President Biden announced Wednesday that 15 million more barrels of oil would be released from the Strategic Petroleum Reserve as part of a plan to reduce gas prices. Reuters energy reporter Laura Sanicola discussed the reaction in the oil market.
Biden releases 15 million barrels of oil from strategic reserve
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
Biden to release more oil from U.S. reserve
President Biden is expected to announce a release of 15 million more barrels of oil from the U.S. strategic reserve in response to recent cuts from OPEC+ nations. Nestle is recalling some Toll House cookie dough products over potential contamination with plastic, and the NFL is planning its first-ever Black Friday game in partnership with Amazon Prime Video.
Biden facing pressure to punish Saudi Arabia after OPEC+ cuts oil production
Biden pledged "consequences" and vowed to "take action" — but some lawmakers are demanding a concrete response.
Biden vows "consequences" over OPEC+ oil cut
President Biden said that there will be "consequences" for Saudi Arabia following the announcement that OPEC+ will be cutting oil production. The president made the comment during an interview with CNN. CBS News correspondent Christina Ruffini joined "CBS News Mornings" to discuss.
OPEC, Russia to slash oil production
The Organization of the Petroleum Exporting Countries on Wednesday announced that it would slash output by two million oil barrels per day. Kaushik Deb, a senior research scholar at the Center on Global Energy Policy at Columbia University joined CBS News to discuss the global impact of that decision.
Treasury secretary criticizes OPEC+ oil cuts
Treasury Secretary Janet Yellen is railing against the OPEC+ decision to cut oil production, calling it "unhelpful and unwise." Matt Red, the vice president of Foreign Reports, joins CBS News to break down what OPEC+ is and the significance of both its decision to reduce production 2 million barrels a day and the secretary's criticism of it.
Trump says Hamas must disarm very soon or "there will be hell to pay"
Israeli Prime Minister Benjamin Netanyahu also announced President Trump will receive the Israel Prize for his work on peace negotiations.
Viral video prompts fraud probe at Minnesota day care centers
While many of the Minnesota day care centers in the video were cited and fined for safety violations, investigators previously found no evidence of fraud.
Winter storm could become "bomb cyclone" over Great Lakes and Northeast
A powerful winter storm system could become a "bomb cyclone" over the Great Lakes and Northeast regions this week.
U.S. military conducts 30th strike on alleged drug boat, killing 2
The U.S. military has hit at least 30 alleged drug vessels in the region since early September, killing 107 people.
Homeland Security agents in Minneapolis investigating "rampant fraud"
Homeland Security agents are in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
Second pilot involved in New Jersey helicopter crash dies, police say
A second helicopter pilot critically injured in a midair collision in Hammonton, New Jersey has died from his injuries, police said Monday.
Trump says U.S. hit "big facility" linked to alleged drug boats
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
Actor accusing Tyler Perry exchanged texts with him years after alleged assault
Actor Mario Rodriguez alleged in the lawsuit filed last week in California that Tyler Perry sexually assaulted him during encounters between 2014 and 2019.
D.C. pipe bomb suspect told authorities "something just snapped," DOJ says
Brian Cole told investigators he believed that the 2020 election had been tampered with and he felt "someone needs to speak up," the DOJ alleges in court documents.
U.S.
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Photos show motorcycle collection tied to Olympian-turned-alleged-drug-kingpin
Authorities in Mexico have seized a large collection of motorcycles believed to be owned by Ryan Wedding, the former Olympian wanted for allegedly running a major drug trafficking operation.
Viral video prompts fraud probe at Minnesota day care centers
While many of the Minnesota day care centers in the video were cited and fined for safety violations, investigators previously found no evidence of fraud.
Georgia execution paused over questions about clemency process
Stacey Humphreys, 52, was convicted of malice murder and other crimes in the 2003 shooting deaths of Cyndi Williams, 33, and Lori Brown, 21, in Cobb County, northwest of Atlanta.
Victim in Christmas shooting in Southfield never called 911, police say
Police investigating the Christmas Day deaths of two people at an apartment complex say neither the victim nor her friend ever called 911, despite a history of domestic violence in the victim's relationship.
These 9 states are cutting income taxes in 2026. See where.
Income tax cuts are taking effect in multiple U.S. states on Jan. 1, 2026, a new analysis says.
MoneyWatch
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Beyoncé is now a billionaire, according to Forbes
The Grammy-winning artist Beyoncé became the fifth musician to achieve the wealth milestone, Forbes said Monday.
These 9 states are cutting income taxes in 2026. See where.
Income tax cuts are taking effect in multiple U.S. states on Jan. 1, 2026, a new analysis says.
OpenAI hiring for head safety executive to mitigate AI risks
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Planning to return unwanted Christmas gifts? You may be charged fees.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Politics
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Viral video prompts fraud probe at Minnesota day care centers
While many of the Minnesota day care centers in the video were cited and fined for safety violations, investigators previously found no evidence of fraud.
U.S. military conducts 30th strike on alleged drug boat, killing 2
The U.S. military has hit at least 30 alleged drug vessels in the region since early September, killing 107 people.
Trump says U.S. hit "big facility" linked to alleged drug boats
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
Trump claims progress toward peace, but Russia signals more war ahead
Hours after Trump declares Russia and Ukraine "closer than ever" to peace, Moscow claims a failed drone strike will alter its negotiating position.
Trump says Hamas must disarm very soon or "there will be hell to pay"
Israeli Prime Minister Benjamin Netanyahu also announced President Trump will receive the Israel Prize for his work on peace negotiations.
HealthWatch
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HealthWatch
Advances in treatment for Alzheimer's disease
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
Flu cases skyrocket across the U.S
Nearly five million flu cases have been reported nationwide, the CDC estimates, and at least 1,900 people have died from the virus. "CBS Saturday Morning" has more on why this year's strain is breaking records.
Baby defies all odds after growing outside his mom's womb
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.
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
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.
World
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U.S. military conducts 30th strike on alleged drug boat, killing 2
The U.S. military has hit at least 30 alleged drug vessels in the region since early September, killing 107 people.
Trump says U.S. hit "big facility" linked to alleged drug boats
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
Trump claims progress toward peace, but Russia signals more war ahead
Hours after Trump declares Russia and Ukraine "closer than ever" to peace, Moscow claims a failed drone strike will alter its negotiating position.
Trump says Hamas must disarm very soon or "there will be hell to pay"
Israeli Prime Minister Benjamin Netanyahu also announced President Trump will receive the Israel Prize for his work on peace negotiations.
Heavyweight boxing champ Anthony Joshua injured in Nigeria car crash
British heavyweight boxing champion Anthony Joshua was injured in a highway crash in Nigeria that killed two other people, Matchroom Boxing said.
Entertainment
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Beyoncé is now a billionaire, according to Forbes
The Grammy-winning artist Beyoncé became the fifth musician to achieve the wealth milestone, Forbes said Monday.
Actor accusing Tyler Perry exchanged texts with him years after alleged assault
Actor Mario Rodriguez alleged in the lawsuit filed last week in California that Tyler Perry sexually assaulted him during encounters between 2014 and 2019.
French split over Brigitte Bardot tribute due to her far right views
French politicians were divided on Monday over how to pay tribute to the late Brigitte Bardot who, despite her screen legend, courted controversy in later life with her far-right views.
MetroCard art: Swiping beauty from the mundane
On December 31, New York City will officially retire the transit system's MetroCard, that ubiquitous piece of plastic used to gain entrance onto subways and buses. But there is beauty in using MetroCards as the raw materials for art, as Thomas McKean has found in his collages and miniature sculptures depicting portraits of city life. Serena Altschul reports.
2025: The year's top books
"Sunday Morning" checks out the bestselling fiction and non-fiction of the past year.
Technology
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OpenAI hiring for head safety executive to mitigate AI risks
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
Instacart ending AI price tests for retailers
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.
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.
Tech companies push for data centers
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Science
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Major climate research center on Trump administration chopping block
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."
Researchers capture video of rare polar bear adoption
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.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Photos show motorcycle collection tied to Olympian-turned-alleged-drug-kingpin
Authorities in Mexico have seized a large collection of motorcycles believed to be owned by Ryan Wedding, the former Olympian wanted for allegedly running a major drug trafficking operation.
Victim in Christmas shooting in Southfield never called 911, police say
Police investigating the Christmas Day deaths of two people at an apartment complex say neither the victim nor her friend ever called 911, despite a history of domestic violence in the victim's relationship.
DOJ: D.C. pipe bomb suspect confessed
The Virginia man accused of placing pipe bombs outside the DNC and RNC headquarters on the eve of the Jan. 6, 2021, Capitol riots has confessed, according to a new court filing. CBS News justice correspondent Scott MacFarlane has the details.
Homeland Security agents in Minneapolis investigating "rampant fraud"
Homeland Security agents were in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
Exclusive
Bondi Beach hero speaks out on deadly attack
Ahmed al Ahmed, the man who tackled a gunman on Australia's Bondi Beach during a violent ambush targeting a Jewish community gathering on the first day of Hanukkah, is speaking out as he heals from his injuries. CBS News' Anna Coren reports.
Space
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Space
NASA's search for next lunar rover
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.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
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.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
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Notable Deaths in 2025
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.
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Shaq helps tall police recruit after failed exam
After completing the police academy earlier this year, 7-foot-3 Jordan Wilmore fell short of passing the state exam by one point. NBA legend Shaquille O'Neal learned about his story and offered his support. Jericka Duncan reports.
Young Americans weigh climate fears
Some young adults say their considering climate change and the future when deciding whether or not to have children. David Schechter reports.
Hero who disarmed Bondi Beach gunman speaks out
It's been two weeks since gunmen opened fire on a Hanukkah celebration in Sydney, Australia, killing 15 people and wounding 40 others. Amid the tragedy, an act of heroism stands out -- shopkeeper Ahmed al Ahmed tackled and disarmed one of the gunmen. Anna Coren has an exclusive interview.
Viral video prompts Minnesota day care probes
As Homeland Security agents were in Minnesota conducting what DHS Secretary Kristi Noem called a "massive investigation on childcare and other rampant fraud," many of their targets came not from tips from the FBI, but from a video posted on social media over the weekend. CBS Minnesota's Jonah Kaplan reports.
Bystander recounts deadly helicopter crash
Two pilots have died of their injuries after their helicopters crashed over New Jersey. CBS Philadelphia reporter Ray Strickland spoke to a woman who says she comforted one of the pilots after the chopper crashed outside her home.