U.S. officials said the Biden administration is preparing to send its most advanced battle tanks to Ukraine following initial reluctance from the Pentagon and the administration. CBS News senior White House and political correspondent Ed O'Keefe joined "CBS News Mornings" to discuss.
Taiwan President Tsai Ing-wen appointed a new intelligence chief on Thursday, a British-educated senior diplomat, as part of a broader government reshuffle currently underway and as the island faces growing military threats from China. Tsai's office said that deputy foreign minister Tsai Ming-yen, who has previously served as Taiwan's de facto ambassador to the European Union, had been appointed as the new head of the National Security Bureau, replacing Chen Ming-tong who has resigned expressing a desire to "rest".
Gold slipped on Friday as the dollar gained some ground in the wake of U.S. economic data, with investors still trying to pin down the Federal Reserve's likely move on interest rates next week. Spot gold fell 0.2% to $1,925.99 per ounce by 11:05 a.m. ET (1605 GMT), giving up initial gains soon after data showing U.S. consumer spending fell in December, even as the core PCE index gained 0.3%. U.S. gold futures were also down 0.2% to $1,926.10.
A different QB earned the honor the last two seasons.
The Federal Reserve's favorite inflation indicator, the PCE Price Index, will be released today. The index differs from the better-known Consumer Price Index in that its composition is changed more frequently and is quicker to reflect the impact of real-time pricing fluctuations. In the most recent report (November), PCE inflation was reported at 5.5% (the latest CPI report, from December, had inflation at 6.5%). We forecast a rate of 5.0% for the November PCE Price Index. Core PCE, which removes volatile food and energy prices, was 4.7% in the latest month. We expect the Core PCE to tick lower to 4.5% this month. Overall, inflation appears to have peaked during the summer and continues to decline. We indicate that prices are rising at a 4.8% rate year-over-year, down from 8.7% six months ago. Focusing on core inflation -- which we obtain by averaging Core CPI, market-based PCE Ex-Food & Energy, the core GDP PCE Price Index, the five-year forward inflation expectation rate and the 10-year TIPs Break-even Interest Rate -- our reading is 3.9%, down slightly from our 4.2% reading last month. We note some movement among our components. Producer Prices appear to be cooling, with substantial declines in PPI Intermediate Prices for Processed and Unprocessed Goods. The rate of wage increases also is slowing down. Investors are expecting that the Federal Reserve's series of rate hikes ultimately will tame inflation, with the three-year forward expectation rate now down to 3.0% and the five-year forward expectation rate at 2.3%.
Investigators looking into the collapse of a Pittsburgh bridge nearly one year ago are looking closely at damage to the legs of the structure, the National Transportation Safety Board said Thursday. An agency update on the Jan, 28, 2022, failure of the Fern Hollow Bridge said its engineers are examining “multiple fractures” found on the bridge's legs. The span dropped a bus and four cars some 100 feet (30 meters) into a ravine, injuring several people hours before President Joe Biden visited the city to promote a massive infrastructure law.
Warriors star Steph Curry was ejected from Wednesday nights game after throwing his mouthguard. Heres a rundown of why NBA players like Curry wear mouthguards.
Vice President Kamala Harris is set to visit the scene of the mass shooting in Monterey Park where 11 were killed.
John Durham, appointed by Bill Barr, relied on claims from Russian intelligence analysts to obtain a US citizen's emails, The New York Times reported.
Luis G. Rendon/The Daily Beast/GettyRussia is building up a network of fortifications and trenches along the front in Ukraine, in apparent anticipation of a new round of heavy fighting, according to satellite imagery analysis shared exclusively with The Daily Beast.The analysis from Brady Africk, an open-source intelligence analyst, shows that Russia is building up fortifications all along the front in Luhansk, from the Russian border down to Donetsk, and throughout Zaporizhzhia and Kherson.The
Let's try to consider the potential disintegration of Russia from a historical perspective
The Kremlin said on Friday that U.S. President Joe Biden had the key to end the conflict in Ukraine by directing Kyiv, but that Washington had so far not been willing to use it. "The key to the Kyiv regime is largely in the hands of Washington," Kremlin spokesman Dmitry Peskov told reporters in a daily briefing.
WASHINGTON — It became a regular litany of grievances from President Donald Trump and his supporters: The investigation into his 2016 campaign’s ties to Russia was a witch hunt, they maintained, that had been opened without any solid basis, went on too long and found no proof of collusion. Egged on by Trump, Attorney General William Barr set out in 2019 to dig into their shared theory that the Russia investigation likely stemmed from a conspiracy by intelligence or law enforcement agencies. To l
John Durham's secret criminal investigation reportedly involved Trump, not Clinton or the FBI
The Times Union slammed Stefanik's silence on the scandals engulfing serial liar congressman Santos.
(Bloomberg) -- A judge delayed a contempt trial for Peter Navarro after a lengthy debate about whether the former White House trade adviser could rely on executive privilege as a defense. Most Read from BloombergAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsPutin Plans New Ukraine Push Despite Losses as He Prepares for Years of WarWe Asked ChatGPT to Make a Market-Beating ETF. Here’s What HappenedAmericans Fall Behind on Car Payments at Higher Rate Than in 2009Hindenburg vs Adan
The Foundation for Accountability and Civic Trust on Friday filed a complaint requesting the Office of Congressional Ethics investigate Rep. Adam Schiff, D-Calif., for alleged violations.
Russia's war in Ukraine is piling on pressures that threaten a crisis in global food supply.
'Trump Organization' is branding shorthand, so it can't be sued, the defendants said repeatedly in the lengthy court filing.
On Jan. 19, the U.S. officially hit its debt ceiling, having spent all of the $31.4 trillion available for expenditures as allocated by the Treasury. In the days since, conversations have become...
Anthony Scaramucci told Insider his Middle East fundraising tour with Sam Bankman-Fried led to FTX's downfall after SBF bad-mouthed Changpeng Zhao.
