Multiple American military aircraft were damaged in Iranian strikes overnight Tuesday into Wednesday local time at Muwaffaq Salti Air Base in Jordan, according to people with direct knowledge of the matter who spoke to CBS News. One A-10 Thunderbolt, an attack aircraft known as the Warthog, was struck and lost a wing, the sources said. Additionally, approximately eight F-15s sustained light
United States wholesale prices rose in August, according to data released Thursday that could play a key role in the Federal Reserve's upcoming interest rate decision. The producer price index (PPI), a measure of final demand costs for goods and services and a gauge of pipeline cost pressures, increased a seasonally adjusted 0.4% for the month, the Bureau of Labor Statistics reported. On an
The United States Treasury Department on Wednesday said it will buy back up to US$6 billion of government debt in an operation aimed at keeping bond markets functioning. The much-anticipated announcement triples the normal buyback operation and follows a 19 August statement from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued secur
Major United States benchmarks ended lower on Thursday (Friday AEST) after producer price data for August and surging oil prices stoked concerns that the Federal Reserve could raise interest rates next week, while rising Treasury yields made stocks less attractive. The Dow Jones Industrial Average fell 316.6 points, or 0.6%, to 52,064.1; the S&P 500 fell 44.7 points, or 0.6%, to 7,591.8; and th
United States existing home sales fell in August despite housing supply reaching its highest level in more than a decade, as buyers continued to face elevated mortgage rates and lofty home prices. Sales of previously owned homes fell 2% in August from July to 3.98 million units on a seasonally adjusted, annualised basis, according to the National Association of Realtors (NAR), following a 1.7%
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Meta rolled out on Tuesday a long-awaited AI assistant that can autonomously send emails, sell a car and book travel on a person's behalf, despite internal concerns that the technology could mismanage access to sensitive personal data. The company's Muse agent, known internally as Hatch, is the centrepiece of CEO Mark Zuckerberg's plan to provide "personal superintelligence" to the billions of
Canada has imposed retaliatory tariffs on a wide range of United States goods worth C$27.6 billion, escalating a trade dispute with Washington after negotiations between the two countries collapsed last month. The duties, which took effect Tuesday, range from 15% to 50% across hundreds of U.S. products, including dairy, agricultural equipment, paper, household appliances and electronics. Tar
LIV Golf has filed for Chapter 11 bankruptcy protection as the Saudi-backed golf league faces the loss of its funding and seeks new investment to support its operations. The golf venture, initially backed by Saudi Arabia's Public Investment Fund (PIF), said Tuesday it had entered into a restructuring support agreement with BC Partner Advisors LP, the credit arm of private equity firm BC Partner
Jaguar Land Rover (JLR) has announced plans to cut up to 4,000 jobs over the next two years, equivalent to around 10% of its global workforce, as the luxury carmaker responds to intense competition from cheaper Chinese rivals, a cyberattack and United States tariffs. The British automaker, owned by India’s Tata Motors, is targeting roughly £1.7 billion (US$2.3 billion) in savings over the next
The United States economy added jobs at a much faster pace than expected in August, reversing a summer slowdown in hiring and increasing market expectations for a potential Federal Reserve rate hike this month. Nonfarm payrolls rose by a seasonally adjusted 162,000 last month, according to the Bureau of Labor Statistics. The reading was well above the 56,000 increase expected, while the unemplo
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