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The Fed was expected to hike interest rates in September. Don’t bet on that now, economists say.

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…

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DOJ’s top prosecutor in LA hires law enforcement liaison with pending battery charge, string of DUIs

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…

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Nevada energy company sues data center in first-of-its-kind fight over who should pay for AI buildout

The largest energy provider in Nevada, NV Energy, is suing data center developer Tract Capital Management, accusing the company of trying to pass costs onto consumers.  At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city.  Tract’s two planned campuses near Reno would together…

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Idaho shooting video shows gunman start deadly rampage in In-N-Out drive-thru

Police released surveillance video footage Friday showing chilling moments from last weekend’s deadly shooting that started at an Idaho In-N-Out restaurant. Three people were killed in last Saturday’s rampage in Twin Falls, Idaho. The gunman, 24-year-old Chad Williams, died of a self-inflicted gunshot wound, police said. Twin Falls Police Chief Matthew Hicks said during a…

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This week on “Sunday Morning” (Aug. 9)

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…

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Appeals court says Trump lacks authority to build White House ballroom without approval from Congress

Washington — A federal appeals court on Friday said the Trump White House lacks the authority to unilaterally construct a new 90,000-square-foot ballroom where the East Wing once stood, finding that the $400 million project requires congressional approval. In a 2-1 decision, a federal appellate panel in D.C. sided with a lower court in ruling that the…

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