From virtually the start of the U.S.-Israeli war on Iran in February, President Trump has insisted it is almost over. And he’s continued to give timelines ranging from a few days to a few weeks. Fifteen weeks later — three times longer than his initial four-to-five-week estimate — ending the war has proven elusive. The … Read more
Household budgets are under increased pressure as new Consumer Price Index data shows inflation rose to 4.2%, the highest level since April 2023. The Federal Reserve will meet later in June to discuss interest rates. CBS News’ Kelly O’Grady breaks it down. Source link
Pakistan launched new airstrikes on Afghanistan early Wednesday in a further escalation of months of fighting between the neighbors that has killed hundreds of people. The strikes, which Afghanistan’s Taliban rulers said hit the eastern provinces of Khost, Kunar and Paktika, shattered more than a month of calm in the war. Taliban regime spokesman Zabihullah … Read more
11m ago Iran accuses U.S. of sending contradictory messages in negotiations A spokesperson for the Iranian Foreign Ministry accused the United States on Wednesday of violating the ceasefire agreement and sending contradictory messages after an exchange of fire overnight. Esmail Baqaei, spokesman for the ministry and Iran’s negotiating team, was quoted by the IRNA … Read more
Inflation is likely to have increased for a third straight month in May as the war with Iran sent energy prices higher and ratcheted up pressure on U.S. consumers. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Bureau of Labor Statistics’ Consumer Price Index for last month … Read more
WASHINGTON — Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat that rising costs pose for the Trump administration as midterm elections near. Inflation is expected to reach 4.2% in May from a year earlier when the Labor Department … Read more
Kyiv — Several retired U.S. generals and the former director of a U.S. intelligence agency told CBS News they believe Ukraine now has the upper hand in the war with Russia. They gave that assessment to CBS News as Ukraine’s top general Oleksandr Syrski said this week that his army has retaken 600 square kilometers — … Read more
Treasury sanctions target the regime’s oil and gas revenue by restricting its access to cryptocurrency. Source link
Rome — A bidding war is underway for the world’s oldest bank, Italy’s Banca Monte dei Paschi di Siena (MPS). Founded in 1472 by the Republic of Siena to provide credit to poorer citizens, the Tuscan lender has evolved over more than five centuries into one of Italy’s largest banking institutions and a cornerstone of … Read more
Russia war rages on as Ukraine generals claim advances against Putin’s troops – CBS News Watch CBS News Ukrainian generals say troops are advancing in the battlefield against Russia. This comes as President Volodymyr Zelenskyy says he had “positive” conversations with U.S. envoys Jared Kushner and Steve Witkoff. CBS News’ Aidan Stretch reports. Source link