The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
Gloria Gaynor’s “I Will Survive” has been a motivational anthem for nearly five decades – but it didn’t just serve as inspiration for millions of fans. Gaynor told “CBS Mornings” the song gave her hope during one of the most difficult periods of her life. After a fall on stage in 1978 at New York’s Beacon…
A 10-year-old boy who was saved from a rip current off the coast of Santa Cruz, California, last month said he thought he was going to die before a 16-year-old lifeguard rescued him. “I’m super thankful for him saving my life,” Nathaniel Rai said about the teen lifeguard, Ryder Williams. Nathaniel told “CBS Mornings” that…
Washington — Some White House officials hope embattled GOP Rep. Max Miller exits the congressional race in Ohio immediately, and President Trump has expressed a similar sentiment behind closed doors, multiple U.S. officials familiar with the matter tell CBS News. Mr. Trump called Miller on Monday and raised concerns about his reelection bid following allegations…
Washington — The Senate Judiciary Committee on Tuesday advanced Todd Blanche’s nomination for attorney general to the Senate floor, clearing a key hurdle for President Trump’s pick to lead the Justice Department. The GOP-led panel voted 12-10 along party lines to advance Blanche’s nomination. The acting attorney general overcame skepticism from Republican Sens. John Cornyn…
Mourning processions to mark Chehlum are under way in Karachi on Tuesday amid heavy security after departing Nishtar Park at 1pm, according to the police. Chehlum, also known as Arbaeen (40 in Arabic), marks the 40th day of mourning for the martyrdom of Imam Husain (AS), the grandson of the Holy Prophet Muhammad (PBUH). It…
ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for…
Voters are going to the polls in five states, including Michigan, where Democrats are watching the expensive and contentious Senate primary contest between populist Abdul El-Sayed and moderate Rep. Haley Stevens. They’re running for retiring Democratic Sen. Gary Peters’ seat, which is among a handful that Democrats must hold in order to have any chance…
ISLAMABAD: Pakistan and Iran on Tuesday reiterated their resolve to expand bilateral trade to $10 billion, with Commerce Minister Jam calling for transforming “historic brotherly relations” with Iran into a robust economic partnership. Since March this year, both countries have rolled out a series of measures to facilitate border trade, including easing customs procedures, formalising…
Iran expressed interest in expanding trade and economic cooperation with Pakistan through the ports of Karachi and Gwadar on Tuesday, as a delegation from Tehran held a meeting with a business team from Pakistan in Islamabad, state broadcaster Radio Pakistan reported. The Radio Pakistan report said Iranian Industry, Mine and Trade Minister Mohammad Atabak led…
