23m ago Ship hit by “unknown projectile” on Strait of Hormuz A ship on its way out of the Strait of Hormuz was struck by an “unknown projectile” on Tuesday, according to a British maritime agency, resulting in one casualty and damage to an engine room. “The impact caused damage to the engine room…
U.S. Central Command Adm. Brad Cooper tried to assuage concerns about the sailors and Marines aboard USS Abraham Lincoln after visiting the aircraft carrier over the weekend. A number of families have voiced worries that mental health conditions on the ship are deteriorating, and there have been some complaints about sanitary conditions and food supplies…
President Trump announced Sunday that he has ordered the Pentagon to scale back joint military exercises with South Korea, saying that the country recently declined to join the U.S. effort to denuclearize Iran. Mr. Trump said on his Truth Social platform that the exercises are costly and they “send a signal that is totally inappropriate…
Sky-high rental costs across the U.S. are swallowing up a large share of Americans’ paychecks in cities, as a stubborn supply shortage keeps prices elevated. According to Zillow, the median rent for a two-bedroom home in New York City, the country’s priciest metro area, runs $4,750 a month — or $57,000 a year. That’s more…
The father of a sailor aboard the USS Abraham Lincoln said he’s worried for his son and the rest of the ship’s crew as the aircraft carrier’s deployment to the Middle East stretches on. The ship has been at sea for nine months, much longer than the typical deployment of six months. Combat aircraft have…
The torrent of corporate spending on artificial intelligence in the U.S. is driving up consumer prices, working against efforts to cool inflation. AI requires enormous computing power, driving demand for the semiconductors that enable it. Rising chip costs are also prompting electronics manufacturers to raise prices on smartphones, computers, software and other tech accessories. Consumers are…
The Social Security Administration said on Tuesday that it is adding 14 conditions to its fast-track disability list, which can help people with these conditions speed up the process of receiving benefits. The program, known as the Compassionate Allowances list, was created in 2008 to accelerate disability claims for people with rare, life-threatening or other…
“The Kingdom and the Power,” Gay Talese’s 1969 book, recounted power plays and family feuds at The New York Times, where he rose from copyboy to reporter. A work of non-fiction that read like a well-observed novel, it was his first bestseller – one that took Talese six years to write. “I’ve always been a…
Justin and Tori Cannarelli of New York almost have a typical American family with their two children, Cameron and Charlie, and a dog. But they also have one very unique member: a duck. “I never expected to own a duck. Never expected him to stay long term,” Tori told CBS News. The story unfolded when…
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…
