U.S. economy slowed in second quarter as Iran war weighs on growth

Updated on: July 30, 2026 / 8:51 AM EDT / CBS News The nation’s gross domestic product grew at an annual rate 1.5% in the second quarter, the Commerce Department said Thursday, weaker than economists expected and a sign the Iran war is hurting growth. Economists polled by Reuters predicted GDP would rise at an … Read more

Utility companies requested $9.2 billion in rate increases during second quarter, report shows

Utility companies requested $9.2 billion worth of rate increases in the second quarter of 2026, potentially impacting over 56 million Americans, according to a new report from PowerLines. Former Michigan utility commissioner Tremaine Phillips joins CBS News to discuss. Source link

Confirmed Ebola cases in Congo top 1,000. More than a quarter have died, officials say

Bunia, Congo — Confirmed cases in the Ebola outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, as tracing those who had been in contact with patients remains a major challenge. A total of 100 people have recovered in the outbreak concentrated in the Ituri province since it was declared on May … Read more

From The Sports Desk: Knicks mount epic fourth quarter comeback, stun Cavaliers

In Game 1 of the Eastern Conference finals, the New York Knicks trailed the Cleveland Cavaliers by 22 points in the fourth quarter last night with under eight minutes to play. Did you turn off the game? Well, Jalen Brunson led New York to a comeback win in overtime that had Madison Square Garden rocking. … Read more

Tesla profits rose in the first quarter as Musk teases debut of new Roadster

NEW YORK — Tesla’s profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025. The electric vehicle maker run by billionaire Elon Musk said it earned $477 million in the quarter, up 17% from a year ago. Earnings per share totaled 13 cents. Adjusted for certain items, per … Read more

NRCC reporting record $47.1 million quarter, record $28.1 million raised in March

NEWYou can now listen to Fox News articles! The midterm elections might be historically difficult for the controlling party, but Republicans are building a war chest to break that trend, reporting smashing first quarter fundraising totals of $47.1 million, including a record $28.1 million in March alone. The National Republican Congressional Committee (NRCC) was set … Read more

Stocks have their worst quarter since 2022, raising doubts about Trump’s economic playbook

Stocks surged on Tuesday, with the S&P 500 closing up 2.9% while the Nasdaq rose 3.8% and the Dow gained 1,125 points. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. But this very good day capped off what was a very bad month for U.S. equities. The S&P … Read more