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…
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…
The new liaison to local law enforcement for the top federal prosecutor in Los Angeles is facing state criminal charges himself, and has a string of prior convictions for driving under the influence, public records show. Shawn Christopher Lewis, who previously served as First Assistant U.S. Attorney Bill Essayli’s chief of staff when he was…
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…
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) Guest host: Seth Doane Autumn Mowery owns and maintains the Ellsworth Candlepin Bowling Alley in Ellsworth, Maine. CBS News COVER STORY: Rescuing a…
Spanish authorities are monitoring social media posts that suggest a potential online campaign to mobilize another mass migrant crossing into the Spanish-controlled territory of Ceuta next week. More than 72,000 people crossed illegally into the exclave last week, drawing global headlines and condemnation from world leaders including President Trump and Italian Prime Minister Giorgia Meloni….
Washington — The Supreme Court just over a month ago expanded presidential power when it struck down removal protections for members of the Federal Trade Commission, clearing the way for the president to fire members of certain independent boards and commissions at-will. But as the high court considered the legality of Congress’ efforts to shield…
In a back room behind a colorful facade in northern Manhattan, drug users are smoking crack while nearby cubicles stand ready for heroin users to wrap tourniquets around their arms and inject themselves with new, sterilized needles. It’s all part of a 5-year-old experiment sanctioned by the city of New York, but not by the…
A Thai teenager killed at least five people and himself at a school outside Bangkok on Friday after fatally shooting his grandparents, police said, in the Southeast Asian nation’s worst mass killing since 2022. Police said the shooter, who was 14 years old, fired at least 26 bullets, and was found with 34 additional ammunition…
KARACHI: The exhumation of 25-year-old businessman and Institute of Business Administration graduate Mir Raza Ali’s body was postponed on Friday after his family objected to the abrupt reconstitution of the medico-legal board formed for the purpose. Ali’s body was found in bushes in Karachi’s Gulistan-i-Jauhar last month, a day after he went missing on July…
