Two people were rescued in separate operations in Nepal, 10 days after the devastating floods hit the country, officials said Saturday. A man was rescued from a hydropower tunnel, according to a social media post by the country’s prime minister’s office, bringing the total to three workers pulled alive from the Trishuli hydropower project. Two…
Employers across the U.S. are likely to face sharply higher health insurance costs next year, which could drive up how much workers pay for medical coverage, according to a recent survey. Health benefits consulting firm Marsh projects that the total health benefit cost per employee, which measures both employer and employee premium contributions, will rise…
“Buy now, pay later” loans were originally promoted as a way to help consumers afford small purchases, such as electronics and clothing. Now, financial firms are also pushing the loans as a means for people to cover essential expenses, such as rent, groceries, electricity bills and even medical costs. Consumer advocates warn that using BNPL…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
Over a 10-day period, the Trump administration sent more than 100 deportees from Afghanistan, Cuba, Nicaragua and other nations to eight countries across Africa, expanding its “third country” deportation campaign, according to internal U.S. government documents obtained by CBS News. Three Immigration and Customs Enforcement deportation flights, the government documents show, dropped off dozens of…
A 35-year-old Venezuelan man who lived in Texas for years is now nearly 6,000 miles from his wife and 5-month-old American son after U.S. Immigration and Customs Enforcement deported him to West Africa. Carlos Tellez Sanchez said he had never heard of Liberia until last week, when he found out he was being deported to…
The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said Thursday. The three unmanned aircraft systems were shot down late Tuesday night and early Wednesday morning using an “Army Multipurpose High Energy Laser system,” according to U.S. Northern…
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…
Rescue teams were searching for hundreds of missing people along the Nepal-China border Thursday after a catastrophic and deadly torrent of floods and mud swept through several communities a day earlier following a glacial collapse. The National Disaster Risk Reduction and Management Authority in Nepal said 826 people were missing and the death toll from…
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…
