California Gov. Newsom sues Fox News for $787M, alleges defamation about Trump call

California Gov. Gavin Newsom sued Fox News on Friday, seeking damages of at least $787 million from the conservative network for allegedly defaming him by making misleading comments about a phone call with President Donald Trump. “No more lies,” Newsom wrote in a tweet that announced his lawsuit, which the Democrat filed in Superior Court…

Trump’s war against the Powell Fed has taken another political turn

Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing to “examine the Semiannual Monetary Policy Report to the Congress” on Captiol Hill on June 25, 2025 in Washington, DC. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell mostly breezed through two hearings on…

Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows

Prices that consumers pay rose slightly in May, while the annual inflation rate edged further away from the Federal Reserve’s target, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Fed’s primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation rate at 2.3%. Economists…

Trump accuses Democrats of leaking Iran nuclear intel report, says

Trump accuses Democrats of leaking Iran nuclear intel report, says “they should be prosecuted” – CBS News Watch CBS News President Trump on Thursday continued to claim U.S. strikes completely obliterated Iran’s nuclear sites and accused Democrats of leaking the intelligence report that suggested otherwise. CBS News White House reporter Willie James Inman has more….

Illinois Governor JB Pritzker announces he’s running for a third term

Illinois Governor JB Pritzker announced he is running for a third term Thursday morning.  Pritzker posted a video announcing his run on his official website at 8 a.m. Filmed in Chestnut, Illinois, Pritzker speaks in the video about the impact of President Trump’s tariffs on Illinois farmers and industry, and the current budget bill’s intent…

Bitcoin rises, NYSE battles for Trump ETF, and crypto may be coming to mortgage next

The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record. But the trading in cryptocurrencies was uneven, with ether and solana both slipping modestly in afternoon trading. Washington, D.C., figured…