Dallas — President Trump calls this week’s Republican National Committee midterm convention a “rally like never before,” and an opportunity to celebrate his administration’s first two years ahead of the November elections. But the convention is taking place as the GOP faces headwinds over the unpopular war in Iran, and Mr. Trump’s approval ratings have…
Goldman Sachs is warning that heightened attacks in the Persian Gulf and Red Sea could push global oil prices above $120 a barrel, which would add to the surging fuel costs Americans have faced during the Iran war. The investment bank’s forecast implies a roughly 20% increase in the cost of Brent crude, the international…
Washington — As legal battles over the U.S. Postal Service’s new regulations for mail ballots move forward, state and local election officials are raising concerns about the logistical hurdles they will have to surmount to implement the requirements just weeks before the November elections. Mail ballots will go out to voters in several states in…
Employers are likely to offer their workers only modest pay hikes in 2027, according to a new estimate. Salary increases next year are forecast to average 3.5%, including merit raises, cost-of-living adjustments, promotions and other pay increases, Marsh, a professional services firm, found in a survey of 1,000 U.S. organizations. “2023 was the high-water mark…
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
Washington — The Justice Department is scrapping its longtime practice of hiring outside experts to help review and rank competitive grant applications submitted by law enforcement offices, victim services groups and research institutions, a move that some fear could harm the integrity of the selection process and hinder efforts to ensure the money is well-spent,…
The Taliban marked five years in power on Saturday, seeking to portray their government as in control even as aid and rights groups warned of escalating crises. Outside the former US embassy in Kabul, armoured Taliban vehicles took part in a parade, displaying flags and banners, and celebrating what the government described as “victory day”…
Washington — The Pentagon has formally acknowledged that U.S. military operations killed more than 150 innocent civilians and injured over 240 people in 2025, with three airstrikes in Yemen accounting for every casualty the department confirmed. The newly released tally, which did not include any deaths from airstrikes on boats in the Caribbean Sea and…
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…
How Americans are handling back-to-school budgeting with rising prices – CBS News Watch CBS News With inflation contributing to price bumps, many families are looking to save on their back-to-school budgets. We took a look at a spending survey. Source link
