Stock markets slide and oil prices surge after Israel attack on Iran
CBSN
Stock markets around the world slumped and oil prices surged after Israel on Thursday launched a military strike on Iran.
Two hours before the start of trade in the U.S., S&P 500 futures contracts fell 65 points, or 1.1%, to 5,984, while futures on the Dow Jones Industrial Average and Nasdaq Composite dropped 1.1% and 1.4%, respectively.
U.S. benchmark crude oil jumped $4.97, or 7.3%, to $72.91 per barrel. Brent crude, the international standard, rose $4.78, or 6.7%, to $74.15 per barrel.
Kyle Schwarber went 3 for 3 in the first All-Star Game home run swing-off to put the National League ahead 4-3 following a 6-6 tie in which the American League rallied from a six-run deficit on Tuesday night.
Voters in southern Arizona have nominated Democrat Adelita Grijalva to advance to a special general election to replace the late U.S. Rep. Raúl Grijalva in Arizona's 7th Congressional District.
President Trump intends to sign an executive order in the coming days establishing national standards for the NCAA's Name, Image and Likeness program, which has reaped millions of dollars in revenue for top college athletes, according to multiple people familiar with his plans.
A federal grand jury Tuesday handed down a six-count indictment against Vance Boelter, the man accused of shooting two Minnesota lawmakers and their spouses last month, the U.S. Attorney's Office said.
The Rev. John MacArthur, an influential and exacting evangelical preacher, died Monday at the age of 86.
William "Rick" Singer, the mastermind behind the nationwide college admissions bribery scheme, can operate a new college counseling service as long as he discloses his criminal past to new clients, a federal judge in Massachusetts ruled Monday. "In March 2019, Rick Singer pled guilty to federal charges-including racketeering conspiracy, money laundering conspiracy, conspiracy to defraud the United States, and obstruction of justice-for his role in what was widely-publicized as the "Varsity Blues" college admissions scheme. Specifically, Mr. Singer admitted to, among other things: bribing standardized test proctors and administrators to engage in cheating on college entrance exams (i.e., the SAT and ACT); falsifying students' academic transcripts by paying third parties to take classes in their names; falsifying students' college applications with fake awards, athletic activities, and fabricated essays; and bribing college athletic coaches and administrators, through purported donations to their programs and personal bribes, to designate students as athletic recruits based on falsified athletic credentials.
Washington — Attorney General Pam Bondi last week ousted the senior ethics attorney at the Justice Department who advised her and other senior officials on employee ethics, the latest firing that has come amid an ongoing purge of department employees.
A federal judge has blocked a rule issued by the Consumer Financial Protection Bureau in January that would have removed unpaid medical debt from the credit reports of about 15 million consumers.
The Trump administration has dramatically curtailed the ability for those facing deportation to be released from immigration detention, its latest effort to expand the scope of its sweeping immigration crackdown, sources briefed on the policy change told CBS News.
Russia has rejected President Trump's "ultimatum" for Moscow to sign a ceasefire deal to end the war in Ukraine within 50 days on Tuesday as "unacceptable," calling for continued negotiations and insisting that the invasion ordered by President Vladimir Putin would continue until its goals are achieved.
Grok, the artificial intelligence (AI) chatbot embedded in X (formerly Twitter) and built by Elon Musk's company xAI, is back in the headlines after calling itself "MechaHitler" and producing pro-Nazi remarks.
A man died in a Utah reservoir on Saturday night after trying to help a 12-year-old girl as she drifted farther from shore on an inflatable tube, authorities said.
The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year.