Residents in flood-affected districts in Nepal were warned to remain on high alert for possible fresh flooding as rescuers scrambled to clear a major highway connecting Kathmandu to one of the areas worst hit by Wednesday’s catastrophic floods. Nepal’s disaster agency said Sunday the death toll had climbed to 788 with 2,502 missing, while Chinese…
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…
A Trump administration effort aimed at discouraging Americans on food stamps from using the government nutritional aid to buy soda is having an impact, a new study shows. Recipients of Supplemental Nutrition Assistance Program benefits cut their sugary drink purchases by more than 12% from January to June of this year after new state-level restrictions…
The U.S. job market is less robust than it looks, according to a new analysis. The nation’s unemployment rate fell to 4.1% in July, well within the range economists consider healthy. Yet that measure, which reflects the percentage of people over the age of 16 who don’t have a job and who are looking for work,…
Refunds for illegal U.S. tariffs are starting to flow to businesses, and consumers could get a cut from companies that have vowed to share that financial relief with customers. The U.S. Customs and Border Protection (CBP) agency can only issue tariff refunds to the so-called importer of record — the entity that directly paid one…
Sick of cleaning your home? One company wants to let you offload the task to a humanoid robot. For $30 an hour, some San Francisco residents can now hire a robot to clean their home. Tau Robotics, an engineering company that builds AI technology to power robots, announced the service last month as part of…
Puerto Rico faces severe drought as 180,000 households and businesses forced to ration water – CBS News Watch CBS News Puerto Rico is in the midst of its worst drought in decades. Lilia Luciano shares the details. Source link
Puerto Rico’s water crisis is worsening amid an ongoing drought and aging infrastructure. Residents in some communities have been without reliable water for over 100 days. Now, over 180,000 households will be without water for 48 hours at a time as government rationing begins. Source link
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 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…
