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Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks

The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as investors parsed Washington's expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% stronger at $1.3639, near its six-month peak.U.S. Treasury Secretary Scott Bessent unveiled an expansion of sanctions against Iran on Monday, and warned countries to cut business ties to Iran or risk being forced out of the dollar-based financial system. "That potentially is

French has become a sticking point in the Canada-US trade dispute. Here’s why

Iran vows to retaliate after US widens sanctions

Business|Economy|Technology|World

Asia shares fall on tech nerves; oil prices slip

Asia shares slipped on Tuesday while oil prices extended losses, after threats from the U.S. for an "economic D-Day" of sanctions on Iran turned out to be a damp squib.U.S. Treasury yields were off their recent highs following a report that the Treasury Department might tap into its cash account to finance increased debt buybacks, which could reduce the need for additional sales of short-term bills. [US/]The tech sector is holding its breath for Nvidia's results on Wednesday; investors are aware how hard it will be for the chipmaker to meet lofty expectations.Analysts are generally looking fo

Australia central bank debated rate hike in August, with board divided

Oil prices steady as investors weigh impact of expanded US sanctions against Iran

Election|US|World

What Trump’s Supreme Court win means for mail ballots

The Supreme Court on Monday permitted President Donald Trump to move forward with a controversial executive order targeting mail ballots, but the decision will almost certainly not be the final word in whether the administration can actually implement its far-reaching plan.At the center of the dispute is an executive order Trump signed in March that gives the US Postal Service an unprecedented role in deciding whether to send mail ballots — a move that has followed years of the president making baseless claims about illegal voting by mail.But the Supreme Court’s order, which came over the

Wife of active-duty Army sergeant is deported to Honduras under Trump's immigration crackdown

Abdul El-Sayed distances himself from left-wing influencer after comments about American Jews

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Democratic senators demand review of conditions on the USS Abraham Lincoln, other US warships participating in Iran blockade

Two influential Democratic senators are demanding that the Pentagon investigate quality-of-life issues aboard Navy ships participating in the standoff with Iran, according to a letter shared exclusively with CNN.In the letter sent Monday to Defense Secretary Pete Hegseth and acting Navy Secretary Hung Cao, the lawmakers requested “an immediate independent strategic review” of the recent deployments of the USS Abraham Lincoln and USS Gerald R. Ford aircraft carriers and the USS Benfold destroyer, which spent four days last month without power in the South China Sea after an engineering fail

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Canada to announce retaliatory tariffs as Trump tells its leaders to ‘fall in line’

Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with President Donald Trump telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs and Prime Minister Mark Carney accusing Washington of trying to subordinate Canada. Trump also threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to “destroy our major industries,” including autos, steel and aluminum. Finance Mi

Trump's approval holds at record low as US support for Iran war falls, Reuters Ipsos poll finds

Trump is threatening new Canadian auto tariffs. That will hurt US automakers and workers

California cancels talks with Paramount over Warner Bros deal

- California Attorney General Rob Bonta canceled a meeting with Paramount Skydance representatives scheduled for Monday to begin settlement talks over the state's lawsuit seeking to block Paramount's proposed $110 billion acquisition of Warner Bros Discovery, his office said.Paramount has pushed for a settlement in the case, which is the last hurdle to the deal along with a parallel lawsuit by the Writer's Guild of America. The company faces a mountain of fees and costs to keep the deal together if the lawsuit continues to a trial scheduled for March. Bonta and his partner states have so far w

Business|Election|Political|US

MAGA Inc. spends $827,000 to back Darline Graham on final day of South Carolina GOP Senate runoff

The final day of South Carolina's Republican U.S. Senate runoff campaign on Monday came with a major cash infusion for Sen. Darline Graham from MAGA Inc., the super PAC that supports President Donald Trump and aligned Republicans but has spent little thus far on the president's midterm candidate picks. The spend of nearly $830,000 came as Graham and Rep. Ralph Norman wrapped up their compressed campaigns to win South Carolina's GOP nomination in a special primary to replace the late Sen. Lindsey Graham on November ballots. Tuesday's Senate runoff tests the heft of

Psychologist doubtful of Lindsay Clancy’s hallucination claim as judge denies defense request for mistrial

Karen Solomon, wanted in connection with the death of her officer husband, believed to be found dead in woods, police say

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Economy|Environment|Political|World

Nevada sues to block Trump administration's Colorado River plan

Nevada sued the Trump administration on Monday to block its plans for slashing water supplies from the drought-stricken Colorado River, saying it could devastate the state and would violate the laws governing the river.The Department of the Interior on Friday finalized its plan that included a 21% reduction in water from the river to California, Nevada and Arizona for two years starting in 2027. The cuts to the three so-called lower basin states could nearly double after 2028, a move that Arizona and Nevada have said would have huge consequences for their economies.The four so-called upper ba

Arts|Business|Entertainment|Lifestyle|World

Target apologizes for children's clown Halloween costume after backlash

Target apologized on Monday and said it had pulled a Halloween costume from sale depicting a circus clown that critics said evoked Blackface and minstrel shows.The product, sold as the "Kids' Glows Under Blacklight Circus Clown Halloween Costume," prompted a backlash on social media, with some consumers saying it resembled a racist caricature."As a company, we know we got this wrong, and we are deeply sorry," Target said in a statement. "The costume is offensive and should never have been part of our assortment. It is no longer available for sale."It is the latest optics headache for the U.S.

California Orange County DA announces $100 million for 50,000 evacuated residents in GKN incident

From honey to hockey sticks, Trump's trade war with Canada hikes tariffs on a long list of goods

Supreme Court backs Trump’s order to curb mail ballots

The Supreme Court on Monday said that President Donald Trump could begin carrying out parts of an executive order intended to restrict mail voting, but additional legal challenges could hinder implementation of his plan before the November midterm election.Though the court framed the order as limited, its decision injects new uncertainty about the voting rules for the midterms by keeping alive the possibility that Trump will ultimately be permitted to impose policies outlined in the March order that gave the US Postal Service and the Department of Homeland Security unprecedented roles in the r

The latest dangerous social media trend that ‘gamifies’ deadly driving

The long month of August is typically one of the busiest times of the year for police, with schools out for summer and many young people at a loose end.From the so-called “teen takeovers” sparking curfews across the United States, to the “blackout challenge” where users choke themselves, viral and occasionally dangerous challenges spurred on by social media have become a draw for some youngsters.This summer though across Britain and Ireland, a new, dangerous trend has emerged. One which involves groups of mostly young men filming what have been dubbed “wrong-way” driving videos, an

The walls appeared to be closing in on Gianni Infantino. Not everyone wants him gone

Human remains found in Tucson’s vast desert have fueled speculation about a link to Nancy Guthrie. Here’s what’s going on

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Trump's 'economic D-Day' threats become warnings for countries to sever financial ties with Iran

Political|US|World

Abdul El-Sayed distances himself from left-wing influencer after comments about American Jews

Business|Crime|Election|Finance|Political

California Supreme Court hears arguments over sheriff's seizure of ballots

The California Supreme Court is considering whether Riverside County Sheriff Chad Bianco must return seized election ballots

Crime|Health|Political

Fentanyl investigations and seizures dropped during Trump’s immigration crackdown, federal watchdog says

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US widens sanctions on Iran but withholds more punishing options

The U.S. on Monday unveiled an expansion of sanctions that it said would cut off Iran's economic lifeline but stopped short of the most

Business|Economy|Environment|Travel

Big Sur businesses reopen as Timber Fire containment grows, Highway 1 closure shrinks

Drones are the latest buzzy tech aimed at stopping a school shooting. They’re part of a billion-dollar industry

Business|Economy|Entertainment|Sports

The AI-related reason every billionaire suddenly wants to own a sports team

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Trump caps summer of US 250th birthday at IndyCar race through Washington

President Donald Trump capped celebrations of the U.S. 250th anniversary with a first-of-its-kind auto race through the streets of Washington, closing a

Environment|Political|World

See before-and-after satellite images of Reno area wildfire, which firefighters are starting to contain

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls