President Trump has continued to bash U.S. allies for not joining the effort to secure the Strait of Hormuz amid the escalating war with Iran. Niall Ferguson, senior fellow at the Hoover Institution, joined CBS News to discuss.
Jury deliberations continue for 4th day in social media addiction trial – CBS News Watch CBS News Jury deliberations for a landmark social media addiction trial in California entered a fourth day Wednesday. CBS News’ Elaine Quijano has the latest.
Federal Reserve announces it will hold interest rates steady – CBS News Watch CBS News The Federal Reserve announced Wednesday it would hold interest rates steady at 3.5% to 3.75%. CBS News’ Kelly O’Grady reports.
A long-duration heat wave is taking shape over the western half of the U.S. and forecast to stick around in the days ahead. A high pressure system in place over the West is keeping precipitation out, which is also allowing for record heat across a large region. Triple-digit temperatures are forecast in the Desert Southwest …
A Ukrainian drone technology startup saw the most explosive U.S. stock market debut in the last year during its first day trading on Nasdaq. Shares in Swarmer, whose software enables single pilots to control hundreds of drones at once, soared over 700% before closing at $31 on Tuesday. The company, based in Austin, Texas, but …
Illinois Lt. Gov. Juliana Stratton expected to face Republican Don Tracy for Sen. Durbin’s seat – CBS News Watch CBS News Illinois Lt. Gov. Juliana Stratton is projected to go up against Republican Don Tracy in November to win retiring Sen. Dick Durbin’s seat. CBS News political director Fin Gomez has more details.
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s second consecutive pause in 2026. The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision to keep rates steady was widely expected by …
Democratic Sen. Ron Wyden of Oregon accused a top Justice Department official of blocking the release of a document related to a secret investigation of drug trafficking and prostitution by Jeffrey Epstein. Wyden said Deputy Attorney General Todd Blanche blocked the release of an unredacted 2015 memorandum prepared by the Justice Department’s Organized Crime Drug …
FBI and IRS agents are forming a new initiative to investigate nonprofit organizations over suspected possible links to domestic terrorism, sources briefed on the matter told CBS News. In December, Attorney General Pam Bondi ordered law enforcement agencies and federal prosecutors to prioritize efforts to investigate and prosecute groups and individuals who belong to the …
Gold’s recent price drop could signal that it’s time to add gold to your portfolio. kuppa_rock/Getty Images Gold’s price rally over the last year has ushered in one of the most dramatic shifts we’ve seen within the precious metals market in recent years. Driven by a mix of inflation pressures, geopolitical tensions and strong institutional …