The personal consumption expenditures price index, or PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve’s 2% annual target. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, according to the PCE data. Excluding the volatile …
Read More »Stephanie Ivory counts on Medicaid to get treated for gastrointestinal conditions and a bulging disc that makes standing or sitting for long periods painful. Her disabilities keep her from working, she said. Ivory, 58, of Columbus, Ohio, believes she would be exempt from a requirement that adult Medicaid recipients work, …
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Tehran — As the delicate ceasefire in the Israel-Iran conflict continues to hold, a CBS News crew received permission to enter Iran Wednesday to see how conditions are on the ground in its capital of Tehran. The Iranian government maintains tight control over its media and closely monitors foreign journalists. It …
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Secretary of Defense Pete Hegseth is set to hold a news conference Sunday to give updates following President Trump’s decision to strike a trio of Iranian nuclear sites Saturday evening. Mr. Trump announced Saturday evening that the U.S. had launched strikes against Iranian nuclear sites at Fordo, Natanz and Isfahan. …
Read More »Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20%. The new projection, issued Wednesday in the Social Security Board of Trustees’ annual report, is partly due to increased …
Read More »A popular Mexican band under investigation for glorifying a wanted drug lord has released an anti-narco song in a bid to clear its name. The band, Los Alegres del Barranco, is accused of condoning crime over a song praising Nemesio Oseguera, head of the powerful Jalisco New Generation Cartel in …
Read More »New Jersey residents got some bad news earlier this year when the state’s public utilities board warned that their electricity bills could surge up to 20% starting on June 1. A key driver in that rate hike: data centers. The spread of these large-scale computing facilities across the U.S. amid …
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Barbie maker Mattel is partnering with OpenAI to develop generative AI-powered toys and games, as the new technology disrupts a wide range of industries, Mattel announced Thursday. Mattel billed the alliance as a “strategic collaboration to support AI-powered products and experiences based on Mattels’ brands.” It added that the pair would …
Read More »The Consumer Price Index in May rose 2.4% on an annual basis, reflecting a cooler-than-expected increase last month and signaling that the impact of President Trump’s tariffs hasn’t yet trickled through to prices on everyday items bought by Americans. By the numbers The CPI was forecast to rise 2.5% last month on …
Read More »The United States on Monday imposed sanctions on the two fugitive sons of incarcerated Mexican Sinaloa Cartel leader Joaquin “El Chapo” Guzman and announced a reward offer of up to $10 million each for information leading to the arrest or conviction of the men. The U.S. Treasury Department announced sanctions …
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