U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
The federal government plans to start excavation over the next two weeks on a massive triumphal arch across the Potomac River from Washington, D.C., Secretary of the Interior Doug Burgum said Thursday, launching a controversial project championed by President Trump. Construction at the site is expected to take two to three years, with an intense…
Washington — An Air Force email from August and obtained by CBS News shows the Pentagon was instructing personnel to stop referring to ongoing U.S. military operations in Iran as “Operation Epic Fury” — three months after the Trump administration declared it had ended. In response to questions from CBS News, the Pentagon said Wednesday…
As the nation prepares to mark 25 years since Sept. 11, 2001, Abdul El-Sayed, the Democratic nominee for U.S. Senate in Michigan, may be facing the risk of renewed scrutiny and fresh political attack. El-Sayed is a leader of a new crop of candidates from a wing of his party that opposed American wars and…
The FBI previously refused to hire job applicants if they admitted to hiring sex workers or stealing from an employer — or engaging in acts of bestiality. Today, those acts, which are mostly illegal across the country, are no longer automatic deal breakers for applicants to the nation’s top law enforcement agency. In June, the…
Stavanger, Norway — King Harald V of Norway, who went into exile in the United States as a child during the Nazi occupation of his homeland and refused a string of European noblewomen to marry his school sweetheart, died Friday. He was 89. The palace said he died at the National Hospital in Oslo at…
The deadly flash flood in Nepal on Wednesday was likely caused by a huge chunk of a glacier that broke off and temporarily dammed a river, according to preliminary investigations by scientists. That may have led to the backed-up water surging downstream with enormous force a few hours later, they suggested. Scientists are still piecing…
President Trump’s 50% tariffs on certain Canadian products could raise their prices in the U.S., but the narrow scope of the levies is unlikely to trigger a broader spike in inflation, trade experts said. After the tariffs, first announced in late June, took effect on Saturday following a breakdown in trade talks, Canada pledged to…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
