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June’s Consumer Price Index (CPI) report likely gives the Federal Reserve room to continue its wait-and-see approach to cutting rates amid uncertainty over how President Trump’s tariffs will impact inflation. On a “core” basis, which excludes volatile food and energy costs, CPI increased 0.2% from the previous month, slightly lower than economists’ expectations but ahead…
A federal judge has blocked a rule issued by the Consumer Financial Protection Bureau in January that would have removed unpaid medical debt from the credit reports of about 15 million consumers. The ruling, issued Friday by Judge Sean Jordan of the U.S. District Court of Texas’ Eastern District, orders that the rule be vacated…
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By Dominique Patton PARIS (Reuters) -Renault named its finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after cutting its forecast for full year operating margins following a worse than expected performance in June. Renault said it now aims to achieve a full year operating margin…
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Cal Raleigh makes history with Home Run Derby win – CBS News Watch CBS News Seattle Mariners catcher Cal Raleigh, nicknamed “Big Dumper,” became the first catcher and first switch-hitter to win the derby. Harold Reynolds joins “CBS Mornings Plus” from Atlanta ahead of tonight’s MLB All-Star Game. Be the first to know Get browser…
The new restriction covers preparation technologies for battery cathode materials, including lithium iron phosphate, lithium manganese iron phosphate, and phosphate cathode raw materials. These technologies are widely used in the electric mobility sector for lithium-ion battery production, particularly for electric vehicles and energy storage. The Ministry of Commerce announced the revision on Tuesday. The update took…
The conference was intended to discuss the future of the Gaza Strip after the Israel-Hamas War concludes, and to prepare for the gradual recognition of a Palestinian state. French President Emmanuel Macron is no longer expected to attend the upcoming UN conference on the recognition of a Palestinian state, sources said on Tuesday. Macron encountered…
The Trump administration has dramatically curtailed the ability for those facing deportation to be released from immigration detention, its latest effort to expand the scope of its sweeping immigration crackdown, sources briefed on the policy change told CBS News. By reinterpreting an immigration law from the 1990s, Immigration and Customs Enforcement is now instructing officials…
Apple announced on Tuesday that it will invest $500 million in MP Materials, a rare earth mining and processing company, as part of its effort to secure a domestic supply of critical minerals used in its products and reduce reliance on China. The move aligns with Apple’s broader strategy to shift more iPhone production and…