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 and Zelenskyy meeting in Florida
President Trump said Sunday that he had a "good and very productive" call with Russian President Vladimir Putin ahead of the meeting with Ukrainian President Volodymyr Zelenskyy.
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.
Brigitte Bardot, 1960s cinema icon and animal rights activist, dies at 91
At the height of a cinema career that spanned some 28 films and three marriages, Brigitte Bardot came to symbolize a nation bursting out of bourgeois respectability.
Top news headlines of 2025 month-by-month
From political upheavals and gun violence, to the first American-born pope, "Sunday Morning" host Jane Pauley looks back at key events of a transformative year in U.S. history.
Dad uses cellphone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cellphone data to find her in a secluded area two miles away.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
Ski patrol strike shuts down Colorado's popular Telluride resort indefinitely
The Telluride Ski Resort in Mountain Village, Colorado, was shuttered Saturday, with no date set for reopening, due to a labor dispute with the ski patrol union over wages.
Gas line explosion shuts down major Southern California freeway
Several lanes of the 5 Freeway were closed and a shelter-in-place order was issued to residents in Castaic, California, after a gas line ruptured on Saturday.
Tracking winter "bomb cyclone" snarling flights. Maps show the latest forecast
More than 51 million Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
U.S.
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
"Hail and farewell": A tribute to those we lost in 2025
"Sunday Morning" looks back at some of the newsworthy men and women who passed away this year – from musicians and storytellers, to activists and statesmen – who touched us with their creativity and humanity.
Luke Burbank on making realistic New Year's resolutions
Forget about hitting the gym, or signing up for a foreign language app. Luke Burbank resolves to do far better with his New Year's resolutions in 2026 by committing to goals he can actually keep … probably.
The history of the New Year's Eve ball drop
Since 1907, New Yorkers have marked the New Year with the ceremonial dropping of a huge ball in Times Square. Now, a brand-new ball, covered with more than 5,000 handcrafted Waterford Crystal discs, will help ring in 2026.
MoneyWatch
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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.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
5 money moves to make in 2026, according to financial experts
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
Trump and Zelenskyy meeting in Florida
President Trump said Sunday that he had a "good and very productive" call with Russian President Vladimir Putin ahead of the meeting with Ukrainian President Volodymyr Zelenskyy.
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.
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. Editor's note: This interview was filmed on Dec. 17, 2025.
Trump calls for release of any Epstein files naming Democrats: "Embarrass them"
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.
HealthWatch
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HealthWatch
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.
Flu season is ramping up, and some experts are "pretty worried"
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.
World
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Knife attack in Suriname kills at least 9 people, police say
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. Editor's note: This interview was filmed on Dec. 17, 2025.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
1,000-pound U.S.-made WWII bomb found in Belgrade construction site
Unexploded bombs dating back to past wars have been discovered in Serbia and around the world in recent years.
Brigitte Bardot, 1960s cinema icon and animal rights activist, dies at 91
At the height of a cinema career that spanned some 28 films and three marriages, Brigitte Bardot came to symbolize a nation bursting out of bourgeois respectability.
Entertainment
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Entertainment
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.
2025: The year's top movies
"Sunday Morning" checks out the highest-grossing films of the past year.
2025: The year's top music
"Sunday Morning" checks out Spotify's top streaming hits of the past year.
The Book Report: Ron Charles' picks from 2025
The Washington Post book reviewer offers "Sunday Morning" viewers his picks for fiction and non-fiction titles to add to their New Year's reading lists.
Technology
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Technology
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.
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.
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
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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Knife attack in Suriname kills at least 9 people, police say
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
Man says wife was killed by pipe coming through car windshield
Todd Kendhammer said his wife Barbara was killed in a freak accident, but a Wisconsin jury didn't believe him. Can his new attorneys upend the case with what they say is critical new evidence?
Man charged with fatal shooting of woman during backyard target practice
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
Dad uses cellphone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cellphone data to find her in a secluded area two miles away.
What's next on the Epstein files release?
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.
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.
Latest Galleries
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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.
Latest CBS News Videos
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Latest CBS News Videos
Trump, Zelenskyy meet at Mar-a-Lago
President Trump and Ukrainian President Volodymyr Zelensky are meeting at Mar-a-Lago on Sunday as they work toward a peace plan for Russia and Ukraine. Mr. Trump confirmed that he spoke with Russian President Vladimir Putin ahead of the meeting. CBS News' Jericka Duncan reports.
Face the Nation: Correspondents' panel
Missed the second half of the show? CBS News contributors Samantha Vinograd and Christopher Krebs join, plus our correspondents panel: Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan
Top national security threats in 2026
CBS News contributors Samantha Vinograd, a former top Homeland Security official in the Obama administration, and Christopher Krebs, the former director of the Cybersecurity and Infrastructure Security Agency, discuss what national security threats the U.S. is facing in 2026. Editor's note: This segment was filmed on Dec. 21, 2025.
Full interview: Brian Moynihan
Watch Margaret Brennan's full interview with Bank of America CEO Brian Moynihan, a portion of which aired on Dec. 28, 2025. Editor's note: This interview was recorded on Dec. 17, 2025.
Moynihan on new Fed chair
Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when President Trump enacted tariffs and how "the market will punish people if we don't have an independent Fed." Editor's note: This interview was filmed on Dec. 17, 2025.