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 U-turns on U.K.-Chagos Islands deal, links it to bid for Greenland
Trump says the U.K. decision to hand a strategic island to Mauritius, which he previously supported, was stupid, and justification for his attempt to acquire Greenland.
Exclusive
"Mastermind" of Minnesota's biggest fraud scheme speaks out
In an exclusive interview from her jail cell, Aimee Bock defended her conduct in Minnesota's Feeding Our Future fraud case, but admitted regrets.
9 major themes that defined the first year of Trump's second term
President Trump has reshaped America's approach to foreign policy, pressured political enemies, downsized the federal workforce and prioritized deportations his first year in office.
Pardoned Jan. 6 rioter to face criminal trial for child molestation
Andrew Johnson is the latest in a series of pardoned Jan. 6 riot defendants to face new criminal charges.
Justice Dept. calls claims in MN lawsuit seeking stop to ICE surge "legally frivolous"
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
Man detained by ICE at gunpoint in underwear asks, "What did I do wrong?"
A U.S. citizen detained by ICE at gunpoint in his underwear in frigid conditions in Minnesota asks, "What did I do wrong?" The Associated Press says
U.S. Steel CEO says it's "absolutely" still an American company after acquisition
"We have a fiduciary duty to Nippon," U.S. Steel CEO David Burritt said, but noted, "We're still mined, melted and made in the good ol' USA."
Spain begins national mourning for train crash victims as death toll rises
The death toll from the train crash in southern Spain rose to 41 after the body of another passenger was recovered from one of the carriages.
Indiana secures first ever football title with 27-21 win over Miami
A program that had played in a grand total of 13 bowl games in the 130-some years before coach Curt Cignetti arrived in 2024 went on a historic run en route to a 16-0 season and a national title.
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Exclusive
"Mastermind" of Minnesota's biggest fraud scheme speaks out
In an exclusive interview from her jail cell, Aimee Bock defended her conduct in Minnesota's Feeding Our Future fraud case, but admitted regrets.
Pardoned Jan. 6 rioter to face criminal trial for child molestation
Andrew Johnson is the latest in a series of pardoned Jan. 6 riot defendants to face new criminal charges.
9 major themes that defined the first year of Trump's second term
President Trump has reshaped America's approach to foreign policy, pressured political enemies, downsized the federal workforce and prioritized deportations his first year in office.
Indiana secures first ever football title with 27-21 win over Miami
A program that had played in a grand total of 13 bowl games in the 130-some years before coach Curt Cignetti arrived in 2024 went on a historic run en route to a 16-0 season and a national title.
U.S. Steel CEO says it's "absolutely" still an American company after acquisition
"We have a fiduciary duty to Nippon," U.S. Steel CEO David Burritt said, but noted, "We're still mined, melted and made in the good ol' USA."
MoneyWatch
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U.S. Steel CEO says it's "absolutely" still an American company after acquisition
"We have a fiduciary duty to Nippon," U.S. Steel CEO David Burritt said, but noted, "We're still mined, melted and made in the good ol' USA."
Are you a homeowner? See which tax deductions you might qualify for.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
Politics
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Pardoned Jan. 6 rioter to face criminal trial for child molestation
Andrew Johnson is the latest in a series of pardoned Jan. 6 riot defendants to face new criminal charges.
9 major themes that defined the first year of Trump's second term
President Trump has reshaped America's approach to foreign policy, pressured political enemies, downsized the federal workforce and prioritized deportations his first year in office.
Man detained by ICE at gunpoint in underwear asks, "What did I do wrong?"
A U.S. citizen detained by ICE at gunpoint in his underwear in frigid conditions in Minnesota asks, "What did I do wrong?" The Associated Press says
Justice Dept. calls claims in MN lawsuit seeking stop to ICE surge "legally frivolous"
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
Powell to attend Supreme Court arguments over Trump's move to fire Lisa Cook
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
HealthWatch
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HealthWatch
Doctor's tips to help dry winter skin
Dr. Rachel Nazarian, a board-certified dermatologist, joins "CBS Mornings" to share her tips for saving your dry winter skin.
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
World
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French navy reels in 4.87 tons of cocaine from fishing boat in Pacific
Authorities released an image from the operation, showing a naval helicopter hovering above a vessel with packages laid out on the deck.
Woman found dead on popular Australian beach surrounded by wild dogs
The 19-year-old woman was found on a beach at K'gari. Police said her body had been "interfered with" by dingoes.
After 4 shark attacks, beachgoers urged to "just go to a local pool"
Authorities warned that recent rainfall has left the water off area beaches murky, which increased the risk of bull shark attacks.
Trump U-turns on U.K.-Chagos Islands deal, links it to bid for Greenland
Trump says the U.K. decision to hand a strategic island to Mauritius, which he previously supported, was stupid, and justification for his attempt to acquire Greenland.
Spain begins national mourning for train crash victims as death toll rises
The death toll from the train crash in southern Spain rose to 41 after the body of another passenger was recovered from one of the carriages.
Entertainment
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Entertainment
Fashion designer Valentino Garavani dies at 93
Acclaimed fashion designer Valentino Garavani, known simply as Valentino, has died at age 93. Seth Doane looks back at his life and legacy.
Billy Bob Thornton on "Landman" popularity
Billy Bob Thornton joins "CBS Mornings" to discuss the second season of the hit series "Landman," which he stars in as oil executive Tommy Norris. Thornton talks about his immediate chemistry with Ali Larter and why the show resonates with viewers.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Judd Apatow on comic genius Mel Brooks: "Probably the funniest person of all time"
As a young boy, Judd Apatow says he wanted to grow up to be like the director of such classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol: "Mel Brooks: The 99 Year Old Man!"
Judd Apatow on comic genius Mel Brooks
As a young boy, Judd Apatow says he wanted to grow up to be like Mel Brooks, the filmmaker of such comedy classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol, "Mel Brooks: The 99 Year Old Man!" Apatow talks with Tracy Smith about the World War II veteran who broke comedy taboos by lampooning Nazis and racists, and about Brooks' long friendship with another comic legend, Carl Reiner.
Technology
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Technology
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
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.
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Mother of Musk child sues over deepfake images
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Science
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Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
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French navy reels in 4.87 tons of cocaine from fishing boat in Pacific
Authorities released an image from the operation, showing a naval helicopter hovering above a vessel with packages laid out on the deck.
Exclusive
"Mastermind" of Minnesota's biggest fraud scheme speaks out
In an exclusive interview from her jail cell, Aimee Bock defended her conduct in Minnesota's Feeding Our Future fraud case, but admitted regrets.
Judge, wife shot inside their home in Indiana
A state judge and his wife were shot inside their home in Indiana on Sunday. Both survived, and a manhunt is on for the shooter, who apparently fired a shotgun through the door of their Lafayette home. Matt Gutman has the latest.
Justice Dept. calls claims in MN lawsuit seeking stop to ICE surge "legally frivolous"
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
New surveillance video shows Louvre jewel heist in action
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
Space
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Space
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Countdown to new lunar mission
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
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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
Latest on deadly train crash in Spain
The death toll from Sunday's high-speed train collision in Spain has risen to 41 as recovery crews use cranes to lift up the train cars and look for victims underneath. Chris Livesay reports on the search for a cause of the crash.
Trump marks 1 year of second term
President Trump on Tuesday marks one year since he was sworn into office for a second time. A new CBS News poll finds just 41% of Americans approve of the job he's doing so far. Chief Washington analyst Robert Costa joins "CBS Mornings" to break down his second-term agenda.
U.S.-Greenland military relationship origins
President Trump maintains that the U.S. needs Greenland for American and NATO security, but many defense experts point out that a 1951 treaty already allows the U.S. to keep a consistent military presence on the island. CBS News' Lindsey Reiser explains.
Poll: Most say ICE makes communities less safe
CBS News polling shows the majority of Americans think ICE is making communities less safe. The new data comes in the wake of the deadly shooting of Renee Good by an ICE officer and the mass protests in Minneapolis that have followed. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
How avalanches form and how to stay safe in one
Four people in the U.S. have been killed in avalanches so far this year, according to the National Avalanche Center. CBS News Colorado meteorologist Joe Ruch explains the science behind avalanches and shares safety tips.