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…
With the U.S.-Iran conflict in its sixth month, the Trump administration is angling for a deal. But Republican Sen. Ted Cruz argues the U.S. should heap more pressure on Iran’s regime — including by arming Iranians who oppose their government. “I think our objective should be regime collapse,” the Texas Republican told CBS News national…
A record number of adult children under 35 are moving back in with their parents, either because they can’t afford homes of their own or to save money amid the rising cost of living, according to a recent study. In 2025, 25.2 million adults under 35 lived at home, according to Realtor.com, which found that…
If you are new to journalism, you might need a coffin. Tell us, so we can send it to you in advance. These lines were conveyed to a reporter who could say he was from Kalat. Two phone calls came from numbers he didn’t recognise a year ago. The reporter used to cover human rights…
Detentions by Immigration and Customs Enforcement set a monthly record high for the second Trump administration in July, internal agency data obtained by CBS News shows, as ICE widened its crackdown, making arrests at airports, immigration check-in offices and communities across the U.S. Last month, ICE took into custody more than 46,000 individuals facing deportation…
Fast-moving wildfires driven by strong winds and soaring temperatures have prompted the evacuation of thousands of people in eastern Washington state. Some 600 homes, businesses and other buildings have been destroyed since the Old Trails Fire started around noon on Saturday. In addition to the Old Trails Fire, there are two others — the Fairview Fire and…
President Trump delivered an ultimatum to Sens. Thom Tillis and John Cornyn on Saturday, telling them to stop stalling on confirming Todd Blanche as attorney general or he would push again to make his “anti-weaponization fund” a reality. Tillis and Cornyn have refused to vote for Blanche as the full-time attorney general unless it is…
At ski resorts across the West this winter, viral images showed chairlifts idling over brown terrain in places normally renowned for their frosty appeal. Iconic mountain towns like Aspen, Colorado, and Park City, Utah, were seen with shockingly bare slopes, as the region endured a historic snow drought that experts warn could bring water shortages…
Americans want CEOs to walk in their shoes for a while, a new survey suggests. Asked about the one thing they would want corporate leaders to understand about economic life in the U.S. today, a quarter of those polled said the cost of living is too high and that companies should make products more affordable,…
For a long time, big majorities of Americans have said their incomes are not keeping up with inflation, and they’ve continued to feel President Trump isn’t focused enough on it. Yet many aren’t seeing relief coming from either side of the aisle. Both parties are underwater on whether their policies are perceived as helping with…
