The Mexican navy seized 3.5 tons of cocaine hidden in a semisubmersible vessel off the Pacific coast, authorities said Friday, while releasing video of the “narco sub” being intercepted. The vessel, manned by three people and carrying 180 packages of cocaine, was detected during a maritime patrol in waters off the southern state of Guerrero, … Read more
Washington — Kilmar Abrego Garcia, a Salvadoran man who was mistakenly deported back to his home country and then returned to the U.S. for federal prosecution, may remain in federal custody, after his lawyers and prosecutors sparred over whether he would be deported immediately upon his release while awaiting a criminal trial. His lawyers asked … Read more
Homeowners should carefully consider the costs of borrowing their home equity before getting started this summer. Getty Images While the economic news in recent years has been mixed, at best, existing homeowners have seen one bright spot: consistently rising home equity levels. Now, at an average equity amount of $313,000, approximately, homeowners have a viable … Read more
Fed Chair: Tariffs could drive up inflation Fed Chair testifies that tariffs could drive up inflation, which is why rates were held steady 03:04 President Trump says he’s “terminating all discussions on trade with Canada, effective immediately,” after Canada announced a digital services tax on large foreign and domestic technology companies. Posting on Truth Social … Read more
An Afghan man who worked alongside U.S. troops in Afghanistan was placed in expedited removal in San Diego on Thursday, according to court documents reviewed by CBS News. Sayed Naser was detained by U.S. Immigration and Customs Enforcement officers two weeks earlier when he appeared at the San Diego federal courthouse for his mandatory immigration … Read more
May 23: CBS News 24/7, 1pm ET – CBS News Watch CBS News President Trump threatens to hit Apple with a 25% tariff on iPhones made outside the U.S.; Astronaut Suni Williams delivers commencement speech at Merrimack College in Massachusetts. Be the first to know Get browser notifications for breaking news, live events, and exclusive … Read more
Despite concerns earlier this year that President Trump’s tariffs would cause a renewed bout of inflation, the prices of goods and services across the U.S. have remained relatively stable. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 2.3% in May, modestly above the central bank’s 2% annual target. The May … Read more
The Trump administration will revoke the legal status and work permits of hundreds of thousands of Haitian migrants in early September, arguing that conditions in Haiti have sufficiently improved for them to return home, the Department of Homeland Security announced Friday. The department said it would terminate Haiti’s longstanding Temporary Protected Status program, which has … Read more
6/27: CBS Morning News – CBS News Watch CBS News U.S. and China agree on framework for trade deal; Jeff Bezos’ wedding in Venice sparks protests. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
If you’re looking for a place to keep $10,000 or more of your money now, a high-yield savings account is worth considering. Getty Images If you have an extra $10,000 in your savings account right now, you may consider yourself fortunate. After all, in the economic climate of recent years, inflation caused severe damage to … Read more