Gasoline prices in the U.S. are below $4 a gallon for the first time in nearly four months. According to AAA, the national average for a gallon of gasoline was $3.9788 on Tuesday, down from $4.56 a gallon earlier this year. After the price drop, Patrick De Haan, a petroleum expert at tracking firm GasBuddy,…
The Trump administration is unlikely to scale back its aggressive crackdown on illegal immigration following the results of the midterm elections, multiple U.S. officials told CBS News, citing the elevation of immigration hawk Stephen Miller as White House chief of staff. Republicans suffered huge losses across the country on Election Day, including in some historically…
Motorists could soon see U.S. gasoline prices fall below $4 a gallon for the first time since July, according to energy experts. Patrick De Haan, a petroleum expert at price-tracking firm GasBuddy, told CBS News that he expects the national average for gas, which the price-tracking firm put at $4.06 a gallon on Thursday, to…
An aging NASA telescope is barely clinging to space after a failed rescue effort left it tottering lower and lower. The space agency said Monday it predicts the Swift Observatory will likely come crashing down on Wednesday. Most of the 1 ½-ton telescope is expected to burn up in the atmosphere. But a handful of…
As Sen. Thom Tillis exits the Senate, he’s blasting many of the advisers President Trump has surrounded himself with as “sycophants, and calling on his colleagues to stand up to executive power like the co-equal branch of government they are.” The 66-year-old senior senator from North Carolina unloads on what he calls the “WTF moments”…
Layoffs in the U.S. have fallen to a four-year low, while employers’ hiring plans are up 3% this year, according to new labor data. Employers have announced 573,195 job cuts through September this year, a nearly 40% decline from the first nine months of 2025, Challenger, Gray & Christmas said on Thursday. On a monthly basis,…
A move by the U.S. to temporarily halt diesel exports amid record-high prices would initially lower costs, but a prolonged ban could drive up domestic gasoline prices, according to Goldman Sachs. President Trump on Sunday told reporters his administration is “very seriously” considering a ban on diesel exports. Calls to restrict exports of U.S.-refined diesel have picked…
House hunters are facing a fresh affordability crunch as mortgage rates hit 7% this week, marking their highest level in almost two years. The coming weeks aren’t likely to offer any relief, with some experts telling CBS News that borrowing costs could continue to rise. Rates are “far more likely to go up than down…
Calls for a slowdown in artificial intelligence development sparked a global sell-off in technology stocks on Monday, as investors fretted over the sustainability of spending in a sector that has driven financial markets to record highs. The tech-heavy Nasdaq Composite Index slumped roughly 1% in early trading, with the broader S&P 500 falling 0.6%. The blue-chip…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
