

Six American service members have been killed and four others seriously wounded during Operation Epic Fury, the joint U.S.-Israeli military operation against Iran, U.S. Central Command announced. The Pentagon confirmed these casualties occurred when an incoming munition struck a tactical operations center in Kuwait, marking a significant loss for U.S. forces. President Trump conveyed that more American casualties are likely as combat operations are expected to continue until all strategic objectives are achieved, potentially lasting several weeks. This tragic development underscores the severe human cost and escalating intensity of the ongoing conflict in the Middle East, prompting widespread concern among allies and observers about regional stability and future developments.
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CBS NewsGlobal defense stocks experienced significant gains on Monday, with major firms like Germany's Hensoldt, Britain's BAE Systems, and U.S. companies Lockheed Martin and Northrop Grumman seeing rises of 3% to 6%. This surge occurred as investors reacted to the dramatic military escalation in the Middle East, including U.S. and Israeli strikes on Iran and subsequent retaliatory actions. The defense sector stood out as a rare bright spot amid a broader market sell-off triggered by fears of a wider regional conflict. Analysts express uncertainty about the conflict's duration and its potential implications for global economic growth and inflation. (not investment advice)
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CNBCJPMorgan Chase CEO Jamie Dimon declared President Donald Trump's $5 billion lawsuit, alleging political motives for closing his accounts, to be without merit. Dimon explained that banks are frequently compelled to "debank" individuals to comply with regulatory requirements and manage potential reputational risks. While expressing sympathy for Trump's frustration, Dimon underscored the complex regulatory framework that often dictates how lenders interact with certain clients. This high-profile lawsuit places Dimon in a delicate position, especially as the financial industry currently benefits from deregulation policies implemented during the Trump administration.
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CNBCFirst Lady Melania Trump presided over a United Nations Security Council meeting in New York, focusing on education's role in advancing tolerance and world peace, amidst ongoing U.S. military strikes in Iran. In her opening remarks, the First Lady offered "heartfelt condolences" for lost service members and expressed hopes for global peace, without directly referencing the conflict. However, U.N. Under-Secretary-General Rosemary DiCarlo specifically noted school closures in the region and alleged child casualties from a strike in Iran, which U.S. authorities are investigating. This historic occasion for a First Lady unfolded against a backdrop of heightened geopolitical tensions and humanitarian concerns.
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CBS NewsBerkshire Hathaway's Class A shares declined by nearly 5% after the conglomerate reported a substantial 29% drop in fourth-quarter operating earnings, primarily attributed to weakness in its insurance business. New CEO Greg Abel's initial communication to shareholders offered few immediate strategic shifts, which disappointed some investors who anticipated a dividend given the company's significant cash reserves exceeding $370 billion. Despite the weaker quarterly performance, some analysts suggest Berkshire's defensive characteristics, diversified earnings, and U.S.-focused businesses could enable the stock to outperform during periods of elevated geopolitical tensions and market volatility. (not investment advice)
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CNBCThe Democratic National Committee has announced five cities—Atlanta, Boston, Chicago, Denver, and Philadelphia—as frontrunners to host its 2028 presidential nominating convention, scheduled for August 7-10. In a strategic decision, the DNC opted against holding a midterm convention this year, a move that contrasts with the Republican Party's plans. Democrats believe this approach will allow them to concentrate resources on crucial swing-seat candidates, potentially providing an advantage in the upcoming fall elections. The selection of these diverse cities also offers insights into the party's future political messaging and priorities as they aim to retake the White House.
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CBS NewsSenator John Fetterman, a Pennsylvania Democrat, forcefully defended the joint U.S.-Israeli military strikes on Iran, rebuking members of his own party who criticized the operation as reckless. Fetterman, known for his increasingly pro-Israel stance, questioned the controversy around "wiping out 49 leaders of one of the most evil regimes," asserting the strikes were necessary to counter Tehran's aggression. He also indicated he would be a "hard no" on any war powers resolution seeking to claw back presidential authority. This strong position highlights a visible fracture within the Democratic party regarding its approach to Middle East policy and the use of military force.
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Fox NewsThis article details the unfolding conflict in the Middle East following the killing of Iran's Supreme Leader Ayatollah Ali Khamenei by U.S. and Israeli strikes. It explains the rationale behind the attacks, aimed at preventing Iran from obtaining nuclear weapons and dismantling its security apparatus. Iran has retaliated with widespread missile and drone strikes across the region, impacting global oil prices and air travel. The article also discusses the process for choosing Khamenei's successor and President Trump's projection of a four-to-five-week campaign duration for the military operations. The broad scope of the conflict raises significant concerns about regional stability.
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BBCFormer British and Irish Lions wing Anthony Watson disclosed that he deliberately cheated a head-injury assessment (HIA) to return to the pitch after a significant collision during a 2017 match. Watson admitted to memorizing a set of five words used in the recall test to pass, despite feeling hazy from the impact. He expressed no regrets about prioritizing the high-stakes second Lions Test over his health at the time, acknowledging the personal risk. The article notes that HIA protocols have since been significantly updated to prevent such circumvention, enhancing player safety in rugby today.
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BBCThe Washington Commanders have agreed to pay $1 million to the District of Columbia to resolve a 2022 lawsuit. The legal action alleged that the team's former ownership, led by Dan Snyder, intentionally misled fans regarding an inquiry into sexual misconduct and a persistently hostile work environment. This settlement follows a previous $60 million fine levied against Snyder by the NFL after an independent investigation found he sexually harassed an employee and deliberately withheld millions in revenue from other clubs. The agreement addresses the claims of public deception surrounding these serious allegations.
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The GuardianPresident Donald Trump's 2026 Trade Policy Agenda outlines a sharpened and reshaped approach to Beijing, emphasizing "managed" trade relations focused on reciprocity and balance. The United States Trade Representative (USTR) reported that the U.S. goods trade deficit with China fell by 32% year-over-year in 2025, marking the first time since 2000 that China is not the largest trade deficit partner. This agenda suggests a strategy of improving the trade relationship through politically negotiated arrangements, aiming for greater fairness, balance, and predictability in the economic ties between the world's two largest economies.
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South China Morning PostRepresentative Ryan Zinke, a Republican representing Montana, has announced his decision not to seek re-election, citing health issues stemming from his extensive service as a Navy SEAL. Zinke, who previously served as Secretary of the Interior during President Trump's first administration, stated that he faces multiple upcoming surgeries and a substantial recovery period, which would prevent him from effectively fulfilling his congressional duties. His retirement adds to a growing list of more than 30 House Republicans stepping down, potentially signaling a challenging midterm election cycle for the party's already narrow majority.
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CBS NewsCrude oil prices jumped more than 8% on Monday, with Brent crude nearing $80 per barrel, driven by fears that the U.S.-Iran conflict could lead to major supply disruptions. Prices spiked further after reports that Iran's Revolutionary Guard commander declared the Strait of Hormuz closed, threatening any passing ships. This critical chokepoint handles about a third of the world's seaborne crude exports. The uncertainty surrounding leadership in Iran and the potential for prolonged maritime disruption are key factors influencing the volatile oil market. (not investment advice)
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CNBCVersant Media Group, a Comcast spinoff primarily composed of pay TV networks like CNBC and USA Network, will release its inaugural earnings report as a public company. This report will offer Wall Street its first detailed look into the company's performance amid declining revenue in recent years for its traditional TV assets. Versant's stock has already dropped 25% since its January debut, highlighting investor skepticism about pure-play media stocks. The company aims to transition its business model, targeting 50% revenue from digital properties long-term, which represents a significant strategic pivot for its future growth. (not investment advice)
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CNBCNASCAR driver Tyler Reddick achieved a historic "three-peat" by winning the first three races of the Cup Series season, an unprecedented accomplishment in the sport's history. Reddick, who drives for 23XI Racing, a team co-owned by NBA legend Michael Jordan and Denny Hamlin, secured his third consecutive victory at Circuit of the Americas in Austin, Texas. Jordan celebrated the achievement with Reddick, emphasizing the team's exceptional teamwork and hard work during the offseason. This remarkable start positions Reddick at the top of the NASCAR Cup standings, showcasing the burgeoning success of the 23XI Racing team.
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LA TimesThe escalating conflict involving Iran is threatening to reignite inflationary pressures, just as President Donald Trump declared inflation tamed. Oil prices surged significantly following U.S.-Israeli strikes and Iranian retaliation, historically a precursor to broader inflation increases. While economists note the U.S. economy is less exposed to oil shocks than in the past, prolonged disruptions could still amplify costs beyond direct gasoline prices. This situation complicates the Federal Reserve's efforts to manage inflation, potentially leading to increased market bets on delayed interest rate cuts. (not investment advice)
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CNBCThis article examines Israeli Prime Minister Benjamin Netanyahu's dramatic shift from a risk-averse leader to one commanding a high-stakes assault on Iran, a change catalyzed by the October 7, 2023, Hamas massacre. Previously, Netanyahu prioritized containment and covert operations over open conflict, even resisting calls to invade Gaza. However, the unprecedented attacks and subsequent Hezbollah shelling forced his hand, leading to successful campaigns against Hamas and Hezbollah, and ultimately, direct strikes on Iran. This evolution reflects a new, more confrontational Israeli strategy in the region, fundamentally altering the dynamics of Middle East security.
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The AtlanticIndia and Canada have announced a significant 10-year nuclear energy deal and committed to concluding a free trade agreement by the end of 2026, marking a substantial reset in their diplomatic relations. This move aims to repair ties that were strained by Canada's previous accusations linking India to the 2023 assassination of a Sikh separatist on Canadian soil. Despite lingering concerns about foreign interference, both nations are pragmatically re-engaging to diversify trade and energy partnerships. Canada is well-positioned to contribute to energy-hungry India's nuclear fuel needs, signaling a new era of cooperation.
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BBCThe highly anticipated "Peaky Blinders" film, "The Immortal Man," celebrated its premiere in Birmingham, England, drawing a star-studded cast including Oscar winner Cillian Murphy, who reprises his role as gang leader Tommy Shelby. The film, which picks up from the acclaimed TV series, depicts Shelby's return to Birmingham during World War Two. Creator Steven Knight emphasized the city's integral role in the narrative and the significance of hosting the premiere there for the dedicated fanbase. The movie will have a limited two-week theatrical release before streaming globally on Netflix from March 20.
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BBCCivil rights icon Rev. Jesse Jackson Sr. is being honored in his home state of South Carolina, where his casket will lie in state at the capitol, a stark contrast to his childhood in segregated Greenville. This marks a significant tribute to his lifelong fight for equality, which began with a sit-in at a whites-only library in 1960. Jackson, who died at 84, was a key figure in the civil rights movement, a two-time presidential candidate, and an unwavering advocate for the poor and underrepresented. The state honors his legacy, acknowledging his profound impact on American society and the ongoing struggle for justice.
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The GuardianGold prices have surged, with a troy ounce exceeding $5,300, as the Middle East conflict intensifies, prompting interest in the precious metal as a safe-haven investment. Experts suggest gold may continue to have upside potential, with some analysts forecasting it could reach $6,300 by late 2026, driven by geopolitical risks and central bank demand. Financial advisors recommend keeping alternative investments like gold to a small portion of a portfolio, typically 5% to 10%, due to its historical volatility. The article also outlines various ways to invest in gold, including ETFs, and their differing tax implications. (not investment advice)
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CNBCThe Austin gunman, Ndiaga Diagne, who killed two and wounded 14, was photographed wearing a shirt with an Iranian flag-like design and a "Property of Allah" hoodie during the attack. Investigators found an Iranian flag and pictures of Iranian leaders at his home, with a Quran in his vehicle, probing a potential terrorism nexus. Officials are examining whether Diagne, a naturalized U.S. citizen with a history of mental health issues, was influenced by extremist ideology following the U.S.-Israeli strikes on Iran. Authorities are continuing to investigate the motive behind this tragic incident, which has shocked the community.
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CBS NewsMortgage rates experienced a significant jump on Monday, with the average 30-year fixed loan rising to 6.12%, reversing a recent decline below 6%. This increase follows a spike in oil prices due to the escalating conflict with Iran, which fueled inflation worries and pushed U.S. 10-year Treasury yields higher. While some analysts suggest the bond market's movement might be a technical bounce rather than solely oil-driven, the rise in rates could impact the spring housing market, potentially sidelining prospective buyers already facing high home prices. This development adds another layer of economic uncertainty for consumers. (not investment advice)
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CNBCThe U.S. and Israel have demonstrated intelligence and cyber superiority in their strikes against Iran, aiming to cause confusion and paralyze the regime by targeting its leadership. The initial phase involved blinding Iran's communication systems through cyberattacks, followed by precision strikes that killed multiple senior Iranian officials. This strategy, aimed at dazing and confusing the Iranians, was executed after months of tracking by agencies like the CIA and Mossad. While effective in the short term, the long-term impact on regime stability and potential for a popular uprising remains uncertain, posing complex future challenges.
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BBCDefense Secretary Pete Hegseth stated that the U.S. military operation in Iran is "laser-focused" on destroying Iranian missile capabilities, production, navy, and other security infrastructure to prevent nuclear weapons, assuring it will not be an "endless" conflict. He confirmed a fourth American service member was killed and 18 seriously wounded, while also noting a "friendly fire incident" where Kuwait shot down three U.S. F-15s. Hegseth emphasized that President Trump approved the mission as a decisive response to Iran's "stubborn and self-evident nuclear pursuit," aiming for clear and achievable objectives without prolonged engagement.
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CBS NewsWith gold prices exceeding $5,400 an ounce, this article provides a guide on the best gold coins for investment, emphasizing the need for deliberate choices at these high levels. It recommends options like the American Gold Eagle and Buffalo for domestic preference, and the Canadian Gold Maple Leaf and South African Krugerrand for their liquidity and lower premiums. The article also highlights the practical benefits of fractional coins for smaller investments or gradual position building, which can be advantageous when a single ounce represents a significant financial commitment. It advises investors that while gold remains a hedge against instability, its high price necessitates careful strategy. (not investment advice)
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CBS NewsThe U.S.-Iran conflict is anticipated to cause an almost immediate surge in gasoline prices, with crude oil prices already up 6%. Experts predict a $10 increase in oil per barrel could translate to a 25-cent rise per gallon at the pump, as the Strait of Hormuz, a critical oil corridor, faces potential disruptions. Higher gas prices would further strain consumer budgets, especially lower-income households, and could negatively impact consumer sentiment and the broader economy. This highlights the direct and swift economic consequences of geopolitical instability, making it a pressing concern for many Americans. (not investment advice)
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CNBCA 39-year-old teacher at a private Calabasas school has been charged with child molestation and secretly taking intimate pictures of at least four female students over a ten-year period. The allegations surfaced after an 11-year-old student reported the teacher's disturbing actions. Travis Shojinaga, who worked at Viewpoint School, pleaded not guilty and is being held on $1 million bail. School officials are fully cooperating with law enforcement and conducting their own independent investigation, as they believe there may be additional victims in this deeply disturbing and serious case, which has sent shockwaves through the community.
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LA TimesThe CNBC Investing Club has upgraded Nvidia shares to a "buy-equivalent 1 rating," citing strong demand for its AI computing platform despite a recent post-earnings stock dip. Analysts believe the market is underappreciating the magnitude of investments in AI, noting Nvidia's stock is now trading at a lower forward price-to-earnings multiple than in August. Morgan Stanley also named Nvidia its top pick, highlighting long-term orders from hyperscalers and Nvidia's strategic move to design a new inference-focused chip, leveraging Groq technology to combat competition. This move positions Nvidia favorably for continued growth in the evolving AI landscape. (not investment advice)
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CNBCThe White House is scheduled to brief Congress on the recent U.S.-Israeli military operations in Iran, providing the first comprehensive discussion with lawmakers. Secretary of State Marco Rubio will meet with the Gang of Eight, while Secretary of Defense Pete Hegseth, CIA Director John Ratcliffe, and Chairman of the Joint Chiefs of Staff Dan Caine will brief the full Congress. Bipartisan lawmakers have called for these briefings, with Democrats particularly questioning the legality of the strikes and vowing to force votes on war powers resolutions to limit presidential authority. These sessions are crucial for congressional oversight of the ongoing conflict.
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CNBCA man has been arrested in Edinburgh, Scotland, following a stabbing incident and a tense standoff with police, during which he was photographed leaning out a window with a menacing grin. Two individuals were hospitalized with non-life-threatening injuries, including one with apparent stab wounds, prompting a rapid emergency response. Chief Inspector Scott Kennedy of Scotland Police confirmed that the incident is not being treated as a terror attack and reassured the public there is no ongoing wider risk. Witnesses reported seeing the suspect armed with two blood-stained knives before he barricaded himself inside an apartment building.
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CBS NewsThe Supreme Court appears likely to loosen a federal law prohibiting marijuana users from owning guns, with a majority of justices expressing skepticism during oral arguments. Justices questioned the historical basis for such a ban under the Second Amendment, particularly for recreational users who are not demonstrably dangerous. The case highlights ongoing struggles to apply the Court's "Bruen" framework for gun laws. While the outcome may be splintered, it suggests most marijuana users could gain the right to own firearms, challenging existing federal regulations and potentially impacting gun control debates nationwide.
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VoxThe U.S.-Israeli military operations in Iran have exposed significant fractures within the Republican Party, ahead of congressional votes on war powers resolutions. While many Republicans support President Trump's actions, some, like Rep. Thomas Massie and Sen. Rand Paul, criticize the strikes as not aligned with "America First" principles and lacking congressional authorization. These lawmakers are pushing for votes to limit the president's ability to conduct military action without legislative approval. The debate highlights a redrawing of political lines within the GOP regarding foreign military engagements, reflecting diverse views on national security strategy.
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CBS NewsUK Labour leader Sir Keir Starmer publicly criticized President Trump's joint U.S.-Israeli strikes on Iran, stating that the UK "does not believe in regime change from the skies" and defending his decision not to permit the initial use of UK bases for offensive action. Starmer later allowed British bases for "defensive" strikes after Iran's retaliation threatened British interests. He emphasized the importance of a lawful basis and a viable plan for any UK involvement, drawing lessons from past conflicts like Iraq, despite criticism from Conservative leader Kemi Badenoch for perceived "dither and delay." This reflects a nuanced approach to international conflict.
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BBCThousands of travelers remain stranded across major Middle East aviation hubs as limited flights resume following U.S.-Israeli attacks on Iran and subsequent retaliatory strikes. Airports in Dubai, Abu Dhabi, and Doha, critical for global transit, experienced closures and cancellations, with over 3,400 flights canceled on Monday alone. While Emirates and Etihad have begun operating a "limited number of flights," many passengers face continued uncertainty and significant delays. The widespread disruption underscores the immediate and far-reaching impact of geopolitical conflicts on international travel and commerce, affecting hundreds of thousands of individuals globally.
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NPR