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CBS Headline News

Inflation cools slightly; New York City Council probes prediction markets like Kalshi and Polymarket

 Inflation cools slightly; New York City Council probes prediction markets like Kalshi and Polymarket 150 150 admin
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U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi…

Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion

 Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion 150 150 admin

The deal comes less than 1 year after Mark Walter purchased a majority stake from the Buss family for about $10 billion.source

CPI report shows inflation eased in July to a 3.4% annual pace

 CPI report shows inflation eased in July to a 3.4% annual pace 150 150 admin

The CPI report was in line with economists’ expectations, marking the second consecutive month with cooler price pressures.source

Top Trump officials heading to Iowa to help GOP campaigns, sources say

 Top Trump officials heading to Iowa to help GOP campaigns, sources say 150 150 admin

The upcoming Iowa State Fair is a pivotal window of opportunity for candidates on the campaign trail.source

Trump says U.S. has "total control" over Strait of Hormuz

 Trump says U.S. has "total control" over Strait of Hormuz 150 150 admin

President Trump said Wednesday that the U.S. has “total control” over the Strait of Hormuz, writing on social media: “I THINK WE WILL KEEP IT.”source

Business

As Hims prepares for peptides launch, Wall Street cautious on prospects this year

 As Hims prepares for peptides launch, Wall Street cautious on prospects this year 150 150 admin

By Amina Niasse NEW YORK, Aug 12 (Reuters) – Hims & Hers Health plans to offer some legally available peptides in 2026, but investors and analysts who spoke to Reuters…

Analysis-Australia promised 1.2 million new homes, but builders are at their limits

 Analysis-Australia promised 1.2 million new homes, but builders are at their limits 150 150 admin

By Scott Murdoch and Christine Chen SYDNEY, Aug 12 (Reuters) – In the Australian city of Brisbane, builder Jay Perham has been forced to pour concrete at a new housing…

July inflation report to provide crucial signs of where prices are headed

 July inflation report to provide crucial signs of where prices are headed 150 150 admin

WASHINGTON (AP) — Is U.S. inflation stuck at a stubbornly high level or is it steadily cooling? The government’s latest report on consumer prices, to be released Wednesday, should provide…

Oil rises as doubts over US-Iran deal heighten supply concerns

 Oil rises as doubts over US-Iran deal heighten supply concerns 150 150 admin

By Sam Li and Lewis Jackson BEIJING, Aug 12 (Reuters) – Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled…

Oil, gold prices rise as geopolitical tensions mount before CPI

 Oil, gold prices rise as geopolitical tensions mount before CPI 150 150 admin

By Rocky Swift TOKYO, Aug 12 (Reuters) – Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S.…

Morning Bid: Hot spots sizzle, CPI looms

 Morning Bid: Hot spots sizzle, CPI looms 150 150 admin

A look at the day ahead in European and global markets from Rocky Swift Global flash points tried hard to steal the spotlight from a U.S. inflation report that could…

Australia sets ‘world-leading’ minimum pay and insurance rules for gig delivery workers

 Australia sets ‘world-leading’ minimum pay and insurance rules for gig delivery workers 150 150 admin

SYDNEY, Aug 12 (Reuters) – Australia’s industrial umpire has approved new minimum standards requiring food and grocery delivery workers to be paid hourly rates above the national minimum wage and…

Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East

 Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East 150 150 admin

By Howard Schneider WASHINGTON, Aug 11 (Reuters) – Atlanta Fed interim President Cheryl Venable said on Tuesday that inflation remains too high, a message heard from contacts across the Southeast,…

Boeing jet deliveries drop 17% in July 

 Boeing jet deliveries drop 17% in July  150 150 admin

SEATTLE, Aug 11 (Reuters) – Boeing said Tuesday that it delivered 53 jets in July, five more than a year earlier, but a sharp drop from the 64 jets it…

US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

 US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers 150 150 admin

WASHINGTON (AP) — Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle…

World News

EU eyes surveillance plan for undersea cables, fleet of repair vessels 150 150 admin

EU eyes surveillance plan for undersea cables, fleet of repair vessels

HELSINKI (Reuters) -The European Commission will propose boosting surveillance of undersea cables and establishing a fleet of vessels available to repair cables in emergencies, it said in an action plan…

Ugandan opposition figure Kizza Besigye is charged with treason, which carries the death penalty 150 150 admin

Ugandan opposition figure Kizza Besigye is charged with treason, which carries the death penalty

KAMPALA, Uganda (AP) — Ugandan opposition figure Kizza Besigye was charged with treason on Friday in an escalation of legal troubles stemming from allegations he plotted to remove the country’s…

French street artist Shuck One pays tribute to Black history at Pompidou Center in Paris 150 150 admin

French street artist Shuck One pays tribute to Black history at Pompidou Center in Paris

PARIS (AP) — French street artist Shuck One is honoring Black figures who shaped France’s recent history on the mainland and overseas, in an art installation being produced for an…

Entertainment

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