The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
A record number of adult children under 35 are moving back in with their parents, either because they can’t afford homes of their own or to save money amid the rising cost of living, according to a recent study. In 2025, 25.2 million adults under 35 lived at home, according to Realtor.com, which found that…
More companies are moving away from broad “peanut butter”-style pay raises for workers in favor of merit-based and other kinds of compensation sweeteners for top employees, according to new insights from Payscale. The trend toward rewarding strong individual performers within a business marks a shift away from companies spreading pay hikes evenly across their workforces. Just…
Mourning processions to mark Chehlum are under way in Karachi on Tuesday amid heavy security after departing Nishtar Park at 1pm, according to the police. Chehlum, also known as Arbaeen (40 in Arabic), marks the 40th day of mourning for the martyrdom of Imam Husain (AS), the grandson of the Holy Prophet Muhammad (PBUH). It…
ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for…
A drone strike on an industrial zone outside the Russian capital of Moscow has killed five people and wounded 10 others, the region’s governor said Tuesday, as Moscow and Kyiv traded attacks. Ukrainian drones hit three warehouses across Russia overnight, including two run by e-commerce giant Wildberries, the local Russian official said. RYAZAN, RUSSIA – JULY 29:…
Former South African cricketer Michael Smith has been appointed as the batting coach of the Pakistan men’s cricket team for two years, the Pakistan Cricket Board (PCB) announced on Tuesday. According to a press release issued by the PCB, the “46-year-old will work with the team across both red-ball and white-ball formats”. He will join…
President Trump on Monday urged U.S. oil companies to take action to ease gasoline prices, saying that the energy giants “made too much money” from high oil prices due to the Iran war. Mr. Trump’s remarks come as Brent crude, the international benchmark, fell more than 4% on Monday to about $84 a barrel amid…
In his race to be the next Democratic senator from Michigan, Abdul El-Sayed, a progressive populist, is challenging perceptions about who Michigan’s voters are and what they really want. In an interview with CBS News senior White House and political correspondent Ed O’Keefe, El-Sayed questioned the characterization of the state’s voters as moderates. “It’s always…
Two Michigan residents who had “significant underlying health conditions” have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said on Monday. State officials have been providing nearly daily updates over the past few weeks on the cyclospora outbreak, which has sickened thousands of people. Without going into further details, the health department…
