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There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Israeli and Palestinian territories are not major oil producers, but if their conflict spreads to other parts of the region it could have major consequences for oil production and prices. Al Root, a senior writer for Barron's, joined CBS News to discuss what could happen.
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
Labor Day weekend is here, and millions of Americans --an estimated 148 million according to one survey -- aren't planning to stay home. CBS News senior transportation correspondent Kris Van Cleave has the latest on the travel rush.
The average price of a gallon of regular gasoline has risen about 30 cents in the last month. The increase is due in part to scorching temperatures which have forced some oil refineries, which are not designed to operate about 95 degrees, to cut production. Kris Van Cleave has more.
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
The average price of a gallon of gas across the U.S. is $3.83 according to AAA, a 9-month high. Wall Street Journal reporter Hardika Singh joined CBS News to discuss the reason for the price spike at the pump.
The average price of a gallon of gas nationwide is up to $3.83 according to AAA, over 30 cents more than a month ago. Saudi Arabia's efforts to curb oil production and the summer's record-breaking heat are being pointed to as factors for the high prices. CBS News senior transportation correspondent Kris Van Cleave has the latest.
An oil production cut could lead to more pain at the pump for Americans. Gas prices shot up in July, causing an increased cost for summer road trips. We asked senior transportation correspondent Kris Van Cleave to explain why heat is costing you at the pump.
According to AAA, the national average of a gallon of gas is $3.53, down from an average of $4.78 a year ago. Patrick De Haan, head of petroleum analysis at GasBuddy, joined CBS News to talk about what could keep prices at the pump trending down.
Oil prices are down slightly after an increase on Monday. Saudi Arabia announced Sunday it would cut down on its oil production by 1 million barrels per day in July. Summer Said, a senior Middle East correspondent for the Wall Street Journal, has more.
Pump the brakes on your gas-powered lawn tools with these electric alternatives from Greenworks, Black + Decker and more.
PM Giorgia Meloni's far-right government tried and failed to block EU plans to ban all new fossil fuel-powered cars by 2035, but it's not giving up the fight entirely.
The average price of a gallon of regular in Arizona is over $1 more than the national average.
The average price of a gallon of regular gas in Arizona is over $1 more than the national average. Kris Van Cleave examines why this is the case.
AAA says the national average for gas prices is up by around 20 cents per gallon compared to a month ago. David Uberti, a reporter for The Wall Street Journal, breaks down what to expect in the next few months.
At one point Tuesday, more than half of all gas stations in the Miami and Fort Lauderdale area were out of fuel, according to GasBuddy.com.
Become a Walmart+ member to shop exclusive sales, save money on gas, and get a subscription to Paramount+ for free.
OPEC unexpectedly announced cuts to oil production. The move will likely increase the price of gas.
Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
Oil prices soared unexpectedly today after OPEC+ producers unexpectedly announced a massive output cut. Kevin Book, managing director of Clearview Energy Partners, joins CBS News' Lilia Luciano and Lana Zak to discuss the announcement and how it could impact gas prices.
The Democratic-led state Legislature voted to give regulators the power to punish oil companies profiting from the type of high gas prices suffered by Californians last summer.
Gas prices are dropping because the cost of crude oil per barrel has been tumbling -- and that's starting to show at the gas pump. CBS News MoneyWatch reporter Khristopher Brooks has more.
Crude oil prices have fallen below $80 per barrel, resulting in cheaper prices at the pump, according to experts.
Record holiday travel is expected in the U.S. this year, with the weekend before Christmas projected to be one of the busiest times for transit.
Republican Rep. Tony Gonzales of Texas compared Elon Musk to a prime minister after the Tesla CEO got involved in a tumultuous funding fight on Capitol Hill this week.
Rep. Kay Granger has not cast a vote in Congress since July and stepped down from the powerful House Appropriations Committee in March.
Over half of Americans see the drones that have been spotted over the East Coast as a threat to the U.S.
Police in Magdeburg, Germany, said Sunday that those who died were four women aged 45, 52, 67 and 75, as well as a 9-year-old boy.
UnitedHealthcare CEO Brian Thompson was gunned down in New York earlier this month, and there has been some celebration on social media of the suspected killer.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Since its premiere in 1742, George Frideric Handel's 3.5-hour oratorio for chorus, soloists and orchestra has become a timeless message of hope, and a Christmas tradition.
Department of Homeland Security Secretary Alejandro Mayorkas said "a really terrific solution was killed by irresponsible politics" when the bipartisan border deal fell apart earlier this year.
Sen. Joe Manchin sat down for an exit interview of sorts with "Face the Nation with Margaret Brennan."
Republican Rep. Tony Gonzales of Texas compared Elon Musk to a prime minister after the Tesla CEO got involved in a tumultuous funding fight on Capitol Hill this week.
On this "Face the Nation with Margaret Brennan" broadcast, Homeland Security Secretary Alejandro Mayorkas and Sen. Joe Manchin join Margaret Brennan.
Record holiday travel is expected in the U.S. this year, with the weekend before Christmas projected to be one of the busiest times for transit.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
Here's what's driving up home heating costs, and how much families are expected to spend this winter.
The IRS said it's sending out checks worth up to $1,400 to 1 million people. Here's what to know about the "special payments."
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Rep. Kay Granger has not cast a vote in Congress since July and stepped down from the powerful House Appropriations Committee in March.
Department of Homeland Security Secretary Alejandro Mayorkas said "a really terrific solution was killed by irresponsible politics" when the bipartisan border deal fell apart earlier this year.
Sen. Joe Manchin sat down for an exit interview of sorts with "Face the Nation with Margaret Brennan."
Republican Rep. Tony Gonzales of Texas compared Elon Musk to a prime minister after the Tesla CEO got involved in a tumultuous funding fight on Capitol Hill this week.
On this "Face the Nation with Margaret Brennan" broadcast, Homeland Security Secretary Alejandro Mayorkas and Sen. Joe Manchin join Margaret Brennan.
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
Isaac Klapper was 10 years old when he started having episodes of what doctors initially thought was a movement disorder.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Skin care is all the rage for teens and tweens these days, but be careful not to give products that could cause more harm than good.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Today, upwards of 700,000 Israelis live in settlements which the U.N. calls illegal. "Sunday Morning" talks with two settlers and with Palestinians in the West Bank living on opposite sides of an Israeli security barrier.
Police in Magdeburg, Germany, said Sunday that those who died were four women aged 45, 52, 67 and 75, as well as a 9-year-old boy.
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
In 2024, more than 10,000 people died in traffic accidents in Brazil, according to the Ministry of Transportation.
In this web exclusive, Darren Criss and the Young People's Chorus of New York City help "Sunday Morning" celebrate the holiday in a performance of Criss' "Christmas Dance."
Darren Criss, the beloved star of television's "Glee," and the Broadway musical "Maybe Happy Ending," helps "Sunday Morning" celebrate Christmas with a performance of the Hugh Martin-Ralph Blane standard, "Have Yourself a Merry Little Christmas."
Darren Criss (the beloved star of television's "Glee," and the Broadway musical "Maybe Happy Ending") and the Young People's Chorus of New York City help "Sunday Morning" celebrate Christmas with a performance of "Happy Holidays/The Holiday Season."
Darren Criss became a fan favorite on the hit TV series "Glee," and won an Emmy for "American Crime Story." Now he's starring in the acclaimed musical "Maybe Happy Ending." He talks about his road to Broadway, and his credo that "Life is a cabaret."
Darren Criss became a fan favorite on the hit TV series "Glee," and won an Emmy for "American Crime Story." Now he's starring in the acclaimed musical "Maybe Happy Ending." He talks with correspondent Kelefa Sanneh about his road to Broadway, his blessings and losses, and his credo that "Life is a cabaret."
Alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones.
By most accounts, alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in just the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones. Correspondent Tom Hanson reports.
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.
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
A look back at how "48 Hours" covered the 1996 Christmastime murder of JonBenét Ramsey in 2002, and what her father John Ramsey says about the unsolved Colorado case nearly 28 years later.
After California man's death sentence is overturned, there's a renewed push to clear him.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Luigi Mangione, now held in a New York City lock-up, could face the death penalty if convicted of the shooting death of UnitedHealthcare CEO Brian Thompson. The killing is sparking new concerns about violent extremism bubbling across the country.
At least two people are dead and dozens more injured after a vehicle plowed into a crowd at a Christmas market in Magdeburg, Germany. Authorities say the driver of the car was arrested and that it appears to be a deliberate attack. Elaine Cobbe has details.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Two weeks after Syrian dictator Bashar al-Assad was overthrown, the scope of Assad's decades-long abuse of human rights is coming into clearer focus. Imtiaz Tyab reports from Damascus.
Roger Carstens, the White House special presidential envoy for hostage affairs, speaks to "Face the Nation with Margaret Brennan" from Jordan after he traveled to Syria to seek information on Austin Tice. While in Syria, he said he was "stunned" by the number of prisons that were operating under the Assad regime, making it that much harder to find Tice.
Sen. Joe Manchin of West Virginia, a former Democrat turned independent who is retiring in January, tells "Face the Nation with Margaret Brennan" that despite the incoming Republican majority in the Senate, he believes both parties are "not going to let the filibuster blow apart." Manchin supports keeping the filibuster in place, despite having backed reconciliation for the Inflation Reduction Act, a key Biden administration bill.
GOP Rep. French Hill of Arkansas tells "Face the Nation with Margaret Brennan" that despite 34 Republicans voting against Speaker Mike Johnson's own continuing resolution to fund the government, he believes his party in both Houses of Congress are "united" behind President-elect Donald Trump's border and energy agenda.
Biden administration Department of Homeland Security Secretary Alejandro Mayorkas tells "Face the Nation with Margaret Brennan" that the White House turned to Congress for a solution to the immigration surge, but "looking back now in hindsight, in 2020 if we had known that irresponsible politics would have killed what was clearly a meritorious effort and a meritorious result, perhaps we would have taken executive action more rapidly."