

The U.S. Senate passed a House-approved resolution to curb President Trump's authority on military action against Iran, marking a rare bipartisan rebuke. The 50-48 vote saw four Republicans join most Democrats, though one Democrat opposed it. While the administration views the War Powers Resolution as unconstitutional, making the measure largely symbolic, proponents aim to explore all legal avenues to ensure compliance. This legislative action highlights ongoing tensions between Congress and the executive branch regarding foreign policy and military engagement.
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CBS NewsPolice in Chico, California, identified 18-year-old Bradley Scott Sayer as the suspect in a library shooting that left two adults dead and a child injured. The suspect was apprehended after fleeing the building, and a single firearm was recovered. Investigators stated Sayer's motivation was to carry out a 'Columbine High School massacre type of shooting,' with no prior connection to the victims. The incident prompted statements from state officials expressing sorrow and gratitude for the swift law enforcement response.
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CBS NewsThe Senate overwhelmingly passed the 21st Century Road to Housing Act with an 85-5 vote, moving closer to significant housing reform. This bipartisan legislation aims to increase home supply and ownership by easing construction regulations and limiting institutional investors' ability to buy single-family homes. Supporters, including Senators Elizabeth Warren and Tim Scott, lauded the bill as a crucial step to lower housing costs and help more Americans become homeowners. The article notes the bill now heads to the House, where it is also expected to pass.
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Lesley Groff, Jeffrey Epstein's former executive secretary, testified before the House Oversight Committee, denying any awareness of his sexual assaults. She claimed to have scheduled massages for Epstein but never for anyone she knew to be underage, asserting she believed it was a normal activity. Committee members expressed skepticism regarding her lack of knowledge after 18 years of employment, particularly given prosecutors' previous statements about victims identifying her as responsible for scheduling appointments. Groff stated she was unaware of any inappropriate activities at the time.
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WNBA coach Becky Hammon has reiterated her stance that Jalen Brunson was not a '1A dude' in the NBA, even after his Finals MVP performance for the Knicks. Hammon, who previously questioned if a small best player could win, acknowledged Brunson proved history wrong but refused to apologize for her opinion. She playfully suggested calling him 'the greatest Knick ever' to further 'piss off Knicks fans.' Brunson, who is 6-foot-2, led his team to a championship, cementing his status as a franchise icon.
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Fox NewsMicrosoft co-founder Bill Gates told the House Oversight Committee that Jeffrey Epstein tried to blackmail him using knowledge of his extramarital affairs. Gates clarified that he was never explicitly threatened but saw "veiled" attempts by Epstein to leverage compromising information after their ties were cut. Gates stated his interactions with Epstein were business-limited and he never witnessed any crimes, expressing regret if his association lent Epstein credibility. This testimony offers insight into Epstein's alleged manipulation tactics, though the Department of Justice previously found no credible blackmail evidence.
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The Trump administration's Treasury Department issued a 60-day license permitting Iran to openly sell its oil on the global market, a significant shift in U.S. sanctions policy. This move, part of a Memorandum of Understanding, allows Iran to be compensated in U.S. dollars for the first time in nearly two decades, potentially unlocking billions in revenue. While the license streamlines sales and stabilizes Iran's central bank, experts believe it's unlikely Iranian oil will reach U.S. gas pumps. The article highlights the reversal of the 2018 maximum pressure campaign against Tehran.
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The Trump administration expanded its sanctions against Cuba, targeting state-owned mining company GeoMinera and other economic entities. Secretary of State Marco Rubio stated the measures aim to weaken GAESA, Cuba's military-run conglomerate, which he called the 'financial muscle' behind the regime. Cuba's foreign minister condemned the sanctions as 'dishonest and mendacious.' This move comes as Washington seeks to diversify critical mineral supply chains away from geopolitical rivals, just days after Havana announced economic reforms to attract investment.
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South China Morning PostFrance's head coach, Didier Deschamps, will be absent from his team's final World Cup group game against Norway after the passing of his mother. The French Football Federation confirmed Deschamps received permission to return to France for the funeral. Assistant coach Guy Stephan will lead the squad in his absence. France has already secured qualification for the knockout stages, having won their first two matches. Deschamps is a decorated figure in French football, having won the World Cup as both a player and a manager.
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BBCMicrosoft has signed a long-term energy purchase agreement with Chevron for a new data center project in West Texas, primarily powered by GE Vernova natural gas turbines. This initiative, dubbed Project Kilby, will create a largely off-grid power plant delivering 2.7 gigawatts, reducing strain on local grids. The deal provides a significant proof of concept for GE Vernova's technology amid increasing demand for AI data centers and market challenges. Analysts remain positive on GE Vernova, citing its substantial market share and growing backlog.
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CNBCFedEx reported stronger-than-expected earnings and revenue for its fiscal fourth quarter, marking the last period including its freight business before its spin-off. The company announced a net income of $1.6 billion and adjusted earnings per share of $6.31, surpassing analyst estimates. CEO Raj Subramaniam highlighted the success of their profitable growth strategy and the momentum across their global industrial network. FedEx also announced a change to its fiscal year end and provided an optimistic outlook for full-year revenue growth. (not investment advice)
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CNBCA significant selloff in tech stocks extended into a second day, with the Nasdaq Composite dropping 2.2%, fueled by investor skepticism about AI's ability to generate substantial profits. Industry giants like Meta Platforms and Microsoft have entered bear market territory. The market is demanding concrete evidence that massive AI investments will translate into unprecedented returns, as most consumers still use free AI versions. Anxiety over potential Federal Reserve rate hikes later this year, driven by inflation concerns, further contributed to the market jitters. (not investment advice)
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CBS NewsPrediction market traders on Kalshi anticipate New York City Mayor Zohran Mamdani's endorsed candidates will largely succeed in competitive congressional primaries. Traders give high odds for two of his three chosen candidates, Brad Lander and Claire Valdez, to win their Democratic nominations. The article also notes significant spending by rival AI super PACs in another district, influencing the candidacy of an AI regulation supporter. These predictions offer an alternative gauge of electoral outcomes, distinct from traditional political polling methodologies.
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CNBCHundreds of schools across England and Wales are planning partial or full closures as the UK anticipates a red extreme heat warning, with temperatures forecast to reach 37-38C. The Met Office and UK Health Security Agency issued the warning, indicating a danger to life and potential disruption to essential services. Train operators have urged against non-essential travel, implementing speed restrictions and reduced services. This marks only the second time a red heat health warning has been issued, signaling widespread threats to even healthy individuals.
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BBCA federal judge blocked the Trump administration's attempt to prevent SNAP recipients in five states from using food benefits for soda and candy. The ruling stated the Agriculture Department exceeded its authority by trying to amend the federal definition of 'food' for the program. This decision is a setback for the 'Make America Healthy Again' initiative, which aimed to curb purchases of unhealthy items. While the ruling directly applies to Colorado, Iowa, Nebraska, Tennessee, and West Virginia, it could set a precedent for other states with similar approved bans.
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CBS NewsNBC's 'Today' co-host Savannah Guthrie made an emotional public plea for help after a second ransom note suggested her abducted mother, Nancy Guthrie, has died. The note described her mother as being 'with nature' after her death, implying burial, and made no demand for money. The Pima County Sheriff’s Department and FBI are investigating the kidnapping, which has generated thousands of tips. Guthrie, flanked by her co-anchors, urged anyone with information to come forward, emphasizing her family's ongoing agony and the $1 million reward offered.
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LA TimesFormer Texas Tech quarterback Brendan Sorsby's aspirations for the NFL have been put on hold for a year after the league decided not to hold a supplemental draft for the 2026 season. This news follows Sorsby dropping a lawsuit against the NCAA over a permanent ban for wagering on college sports. The NFL stated it had no plans for a supplemental draft prior to receiving his application, citing significant issues tied to league integrity. Sorsby's attorney indicated they would pursue the matter with the NFLPA, while the league encouraged Sorsby to prepare for the 2027 NFL Annual Draft.
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LA TimesMeta Platforms is reportedly developing a prediction markets app, internally named 'Arena,' which will initially use a video game-style points system rather than real money. The New York Times first reported this development, confirmed by sources familiar with the company's plans. This move by Meta could leverage its vast user base from Facebook and Instagram. Following the news, shares of sports betting platforms like DraftKings and FanDuel parent Flutter Entertainment experienced declines, reflecting concerns about potential disruption to their gambling businesses. (not investment advice)
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CNBCSpaceX shares closed nearly 1% higher, breaking a three-day losing streak during which the stock plummeted nearly 24%. The recent selloff had seen its market capitalization dip below $2 trillion shortly after its blockbuster IPO. Despite the rebound, the company experienced a $400 billion sell-off earlier in the week. SpaceX recently announced a senior unsecured notes offering and disclosed having over $100 billion in cash and cash equivalents, alongside a major computing power agreement with AI startup Reflection. (not investment advice)
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CNBCThe UN's International Maritime Organization announced a plan to evacuate over 11,000 sailors stranded in the Persian Gulf due to the US-Israel war against Iran, with cooperation from regional states, the US, and Iran. This comes amidst an interim deal to end the conflict, though the US and Iran dispute details, particularly regarding nuclear inspections. President Trump claimed Iran agreed to 'highest level Nuclear inspections,' but Tehran denied any such plans. U.S. Secretary of State Marco Rubio also warned against any country imposing tolls on the international waterway of the Strait of Hormuz.
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BBCThe Dallas Mavericks have reportedly hired Dusty May as their new head coach, following his NCAA national championship win with Michigan. This move marks a significant step in the team's rebuilding efforts after the unpopular trade of Luka Doncic in 2025, which led to widespread fan backlash. May, who has a strong college coaching record, will now lead a roster anchored by budding superstar Cooper Flagg, the first pick in the 2025 NBA Draft. The article suggests this hiring, along with other front-office changes, aims to shift focus towards a hopeful future for the franchise.
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LA TimesAuthorities in Quebec identified Seth Hatfield, a 25-year-old from Alberta, as the suspect in a Montreal shooting that killed a police officer and a bystander. Hatfield was killed by police after allegedly opening fire from a hotel room window. While police have not released a motive, a document circulating online, reportedly tied to the suspect, contained misogynistic, anti-capitalist, and anti-government messaging. The incident occurred in a diverse neighborhood with a large Jewish community, prompting concerns about antisemitism. The investigation into the suspect's motives and choice of location is ongoing.
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BBCDespite a recent sharp pullback in SpaceX's stock, short-selling interest remains relatively modest, as many investors are reluctant to bet against CEO Elon Musk. The company's shares have dropped over a quarter of their value in just over a week since its IPO. While approximately 40 million SpaceX shares are currently sold short, this represents a smaller percentage compared to other S&P 500 companies. Analysts suggest this indicates normal price discovery rather than a classic short-squeeze scenario, with ample liquidity and low borrowing costs for bearish positions. (not investment advice)
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CNBCA wave of selling in tech stocks, including a 13% plummet for Micron Technology, has intensified doubts about the profitability of massive AI investments. The tech-heavy Nasdaq index fell over 2%, reflecting investor jitters over whether the trillion-dollar spending on AI will yield sufficient returns. Analysts describe the market oscillating between optimism for AI's productivity gains and fears of an 'AI bubble.' This nervousness has spread globally, with significant drops in Asian markets, as major AI companies prepare for potential IPOs amid questions about long-term profitability. (not investment advice)
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NPRBuying a home with a $75,000 annual salary presents significant challenges due to high mortgage rates, elevated home prices, and rising inflation. The article explains that adhering to the 28/36 rule, which caps housing costs at 28% of gross income, typically allows for a mortgage loan of around $205,000. This figure is further impacted by property taxes, insurance, and existing debt. The article provides strategies to stretch budgets, such as improving credit scores, reducing debt, increasing down payments, and exploring various loan programs. (not investment advice)
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CBS NewsLess than two weeks after its record-breaking IPO, SpaceX successfully raised $25 billion in a debt sale, upsized from an initial target of $20 billion due to high demand. The company, which recently disclosed over $100 billion in cash, requires substantial capital to fund ambitious projects like Starship development, Starlink expansion, and various artificial intelligence initiatives. Despite accumulating significant losses since its founding, SpaceX's Starlink business remains profitable. This bond sale is one of the largest in the current AI era, underscoring the company's aggressive growth strategy. (not investment advice)
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CNBCThe National Highway Traffic Safety Administration (NHTSA) has launched a special investigation into a fatal Tesla Model 3 crash in Texas that killed a 76-year-old woman. The driver reported using an automated driving feature, although Tesla's AI head suggested a manual override by the driver, who accelerated to 73 mph. This marks one of 46 NHTSA investigations into Teslas using self-driving technology over the past decade, with over a dozen resulting in fatalities. The incident highlights ongoing scrutiny of automated driving systems as Elon Musk plans to expand robotaxi services.
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The GuardianCristiano Ronaldo overcame initial doubts about his performance at 41, scoring two goals in Portugal's 5-0 victory against Uzbekistan. After a quiet opening match, Ronaldo's early strike made him the first player to score in six World Cups, visibly relieving pressure. His second goal, assisted by Bruno Fernandes, further solidified his return to form. This performance helped Portugal rebound strongly, demonstrating Ronaldo's enduring impact on the global stage and silencing critics who questioned his minutes and influence on the team.
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NPRFans are eagerly anticipating details of Taylor Swift and Travis Kelce's wedding, with signs pointing to a ceremony around the upcoming Fourth of July weekend. Reports suggest a massive reception at Madison Square Garden, potentially accommodating over 1,000 guests, with a more intimate ceremony preceding it. Recent sightings of the couple separately with single-sex groups have fueled speculation about bachelor and bachelorette parties. The article highlights the tight-lipped nature of the event, with guests reportedly required to sign strict non-disclosure agreements.
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LA TimesDespite escalating climate change impacts like wildfires, droughts, and extreme heat, America appears to be in a phase of 'climate hushing,' with reduced public and political discourse on the issue. The article notes a shift among Democrats and environmental activists, who are now prioritizing economic concerns over climate action, influenced by rising gas prices and midterm elections. A 'worry gap' exists, where public concern lags behind expert assessments of risks, particularly in regions facing severe threats. This ambivalence persists even as the Trump administration actively rolls back environmental protections.
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The AtlanticThe Democratic Republic of Congo is experiencing an Ebola outbreak with a record number of confirmed cases in its first month, totaling over 1,000 cases and 267 deaths. The World Health Organization confirmed the Bundibugyo ebolavirus outbreak, which has also spread to crowded displacement camps in eastern Congo. Concurrently, Kenya's Health Minister ordered an immediate halt to the construction of a US-backed Ebola quarantine facility at an air base, following protests and a court order. The facility, intended for US nationals, sparked public concern in Kenya, which has never recorded an Ebola case.
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Deutsche WelleWith the Federal Reserve maintaining stable interest rates, Certificate of Deposit (CD) accounts present a lucrative opportunity for savers, offering rates often exceeding 4%. A $75,000 CD account can earn over $700 in three months or more than $17,000 over five years, depending on the term. The article emphasizes choosing a term that can be seen through to maturity to avoid early withdrawal penalties. Savers are encouraged to transfer funds from traditional savings accounts, which average only 0.38%, to capitalize on these higher, fixed-rate alternatives. (not investment advice)
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CBS NewsA Los Angeles judge ruled that Michael Gledhill, the man accused of killing veteran actor James Handy, is not mentally competent to face criminal prosecution. The court determined Gledhill cannot understand the murder case or assist his attorney, ordering involuntary medication for a year to aid his mental health restoration. Gledhill was arrested after allegedly stabbing Handy, his mother's boyfriend, in Tarzana. A hearing in July will determine his long-term placement, with the case proceeding to trial only if he is later found competent.
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LA TimesNine Texas anti-ICE protesters were handed unusually harsh sentences of at least 50 years in prison on terrorism charges, stemming from a 2026 protest where an officer was shot. Benjamin Song, who fired the gun, received 100 years. The Trump administration praised the convictions as a crackdown on 'Antifa terrorists,' but legal experts criticized the lengthy sentences and the criminalization of free speech. Prosecutors linked defendants through a left-wing book club and gun group, despite many having loose affiliations. The sentences far exceed those for the January 6 Capitol attack.
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The GuardianPGA Tour CEO Brian Rolapp announced a major overhaul to professional golf, introducing a two-track system: the PGA Tour Championship Series and the PGA Tour Challenger Series. Starting in 2028, the new format will feature promotion and relegation, higher stakes with minimum $20 million purses for Championship events, and the return of match play. Rolapp, who will also become commissioner, emphasized a meritocracy-based model with clearer pathways for players. This restructuring aims to elevate competition and provide more consistent matchups of top players, amidst challenges from the LIV Golf League.
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CNBCLebanon faces an increasingly difficult situation amid ongoing conflict between Hezbollah and Israel, displacing over a million people and causing extensive damage. While Iran, a Hezbollah supporter, made Lebanese sovereignty a condition of its recent peace deal with the US, Lebanon views this as an infringement. An Egyptian-backed framework is emerging, proposing a phased disarmament and integration of Hezbollah fighters into the Lebanese army, alongside political reforms. This plan seeks to transform Hezbollah into a political entity, offering a potential alternative to Lebanon's lose-lose choice between Iranian and Israeli dominance.
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Deutsche WelleThe ongoing search for the Atlanta Federal Reserve Bank president is being closely watched as new Fed Chairman Kevin Warsh aims to reshape the Federal Open Market Committee. Warsh paused the previous selection process to oversee the appointment, with former Treasury official Michael Faulkender reportedly considered. While Warsh seeks 'regime change' at the Fed, encompassing policy and communications, he has few immediate opportunities to appoint allies beyond this role. The ultimate choice will be scrutinized for loyalty to or independence from the Trump administration. (not investment advice)
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CNBCEight-month-old AI memory startup Engram has raised $98 million from prominent investors to help companies significantly cut their AI token costs. The company claims its models, which act as the 'learned memory' of AI, can recall organization-specific workflows and context to deliver smarter, cheaper outputs, matching or outperforming frontier labs with up to 100 times fewer tokens. This funding addresses the challenge of rising costs associated with new, sophisticated AI models. Engram, with clients including Microsoft and Notion, plans to use the capital for compute resources and talent acquisition.
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CNBCRussian-occupied Crimea is experiencing widespread fuel shortages and power blackouts as Ukraine intensifies its efforts to isolate the annexed region. Ukrainian attacks on oil refineries and key bridges have severely disrupted supply routes, leading to panic-buying and drastic measures like suspended fuel sales for general public use. Authorities in Sevastopol have implemented public transport and shop hour restrictions, with street lights off at night. The article highlights the growing hardship for residents and the Russian government's acknowledgment of the challenging situation, prioritizing supplies for Crimea and border areas.
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BBCThe bipartisan 21st Century ROAD to Housing Act, recently passed by the Senate, aims to boost housing supply and affordability by restricting institutional investors and streamlining construction. Experts are cautiously optimistic about its long-term impact on home prices, noting that while it encourages new construction, investors might circumvent ownership caps. The bill includes provisions for pre-approved home designs, grant programs, and converting commercial buildings into affordable housing. This legislative effort addresses the significant housing shortage, which has driven median home prices to around $403,000, requiring high incomes for affordability. (not investment advice)
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CBS News