The Trump administration on Friday announced its eighth round of Iran-related sanctions as diplomats race to secure a deal on the Strait of Hormuz. The new sanctions target Iran’s banking system and companies across multiple countries that the Treasury Department says launder hundreds of millions of dollars. “Every facilitator that keeps the regime afloat is…
This week, CBS News received another recording from inside the notorious Evin Prison in Iran with an update from U.S. citizen and journalist Reza Valizadeh. He last reached out in June, and he wants his most recent statement to be made public, as well, according to his attorney Ryan Fayhee. Valizadeh is one of…
What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
Saudi Arabia, Turkey and Pakistan signed a defense agreement on Friday, solidifying cooperation between the three regional powers at a time of growing security concerns and amid threats from the Iran war. “The agreement is intended to strengthen collective deterrence against any act of aggression, and stipulates that any armed attack against any one of…
The largest energy provider in Nevada, NV Energy, is suing data center developer Tract Capital Management, accusing the company of trying to pass costs onto consumers. At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city. Tract’s two planned campuses near Reno would together…
Police released surveillance video footage Friday showing chilling moments from last weekend’s deadly shooting that started at an Idaho In-N-Out restaurant. Three people were killed in last Saturday’s rampage in Twin Falls, Idaho. The gunman, 24-year-old Chad Williams, died of a self-inflicted gunshot wound, police said. Twin Falls Police Chief Matthew Hicks said during a…
Washington — The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her from her post because of allegations of mortgage fraud, according to a letter to Cook that was obtained by CBS News. The move comes after the Supreme Court in June…
The typical American’s paycheck has grown faster since 2019 than in any stretch since the early 1980s. Most of it didn’t stick. A CBS News analysis of Census data found the typical full-time worker earned $1,250 a week in the first half of 2026. That’s up $342 from the year before the pandemic, a raise…
Washington — After more than a year of negotiations, the Senate on Friday finally passed a bill to impose punishing new sanctions on Russia for its war on Ukraine, approving the measure with overwhelming bipartisan support. Senators had pushed for months for a vote on legislation that would penalize top Russian figures and the biggest…
London — Amanda Knox, who made headlines almost two decades ago when she was convicted, but later acquitted, of the murder of her British roommate in Italy, is at the center of a new controversy. Knox is now a stand-up comedian, and not everyone is happy about it. The family of her murdered former housemate, Meredith…
