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China signals US could restore preferential trade privileges for Hong Kong

Reporter USJuly 17, 2026

HONG KONG — China signaled on Friday that the United States could restore Hong Kong ‘s preferential privileges, saying Washington confirmed it will not renew an executive order that revoked the city’s special trading status. The Commerce Ministry said that the U.S. made commitments on Hong Kong issues and other matters during the U.S.-China trade […]

Business

Fairlife pauses US production after cyberattack breached milk brand’s systems

Reporter USJuly 17, 2026

NEW YORK — Milk brand Fairlife is pausing its production in the U.S. after a ransomware cyberattack breached the company’s systems. Coca-Cola, which owns Fairlife, announced Thursday that its dairy company had identified “unauthorized access by a third party” to a portion of its systems, including those related to production. The company disclosed that this […]

Hong Kong official says booksellers should ensure titles won’t harm national security after arrests

Reporter USJuly 17, 2026

HONG KONG — HONG KONG (AP) — Hong Kong ’s top security official said Thursday that booksellers should ensure the titles they sell do not harm national security, a day after five people linked to two bookstores were arrested. The police operation on Wednesday was the third round of arrests targeting independent bookstores within four […]

Investigators lead probe into Ryanair flight where man was partly sucked out window

Reporter USJuly 17, 2026

U.S. aviation safety investigators announced Thursday they are taking over the probe into a Ryanair flight from Greece that left passengers scrambling minutes after takeoff, when a window dislodged and a man was partially sucked out of the plane before being pulled back inside. The National Transportation Safety Board said that after taking a closer […]

Netflix posts higher Q2 results but shares drop due to lukewarm forecast

Reporter USJuly 16, 2026

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.” But the company’s shares declined sharply in after-hours trading as the video streaming company’s forecast for the current quarter fell below Wall Street’s expectations. Netflix earned $3.4 billion, or 80 cents per share, […]

Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year

Reporter USJuly 16, 2026

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly a year, driving up borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.55% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.75%. Higher mortgage rates […]

Trump administration races to rebuild US tariff wall knocked down by Supreme Court

Reporter USJuly 16, 2026

WASHINGTON — The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth. But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs in February. The question now is: Can the president’s trade team make good […]

Need for speed? Driving above the speed limit costs you — and doesn’t actually save much time

Reporter USJuly 16, 2026

Speeding in your car to work, to pick up your children from school, or go from one errand to the next not only wastes money in gas and sends harmful emissions into the air, it barely saves you time, new research says. It is something to think about as gas prices stay elevated throughout the […]

3 islands help control access to the Strait of Hormuz. They’re in the crosshairs of the Iran war

Reporter USJuly 16, 2026

DUBAI, United Arab Emirates — The expanding U.S. military campaign against Iran has put three small islands that sit at the confluence of the Persian Gulf and the Strait of Hormuz in the crosshairs once again. The islands of Abu Musa and Greater and Lesser Tunb — which were seized in 1971 by Iran from […]

Retail sales up a modest 0.2% in June amid economic uncertainty

Reporter USJuly 16, 2026

NEW YORK — Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite ongoing economic uncertainty as they bought cars and took advantage of summer sales events. Retail sales rose 0.2% in June, after being up a revised 1% in May, according to the Commerce Department’s […]

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U.S. and Saudi Arabia strike Iran-backed groups in Iraq after attacks on American forces

Trump policy clears way for civil commitment of homeless in some states

Fauci diaries, released by Sen. Rand Paul, touch on COVID origins and tense relationship with Trump

7/22: CBS Evening News – CBS News

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Category: Business

China signals US could restore preferential trade privileges for Hong Kong

Fairlife pauses US production after cyberattack breached milk brand’s systems

Hong Kong official says booksellers should ensure titles won’t harm national security after arrests

Investigators lead probe into Ryanair flight where man was partly sucked out window

Netflix posts higher Q2 results but shares drop due to lukewarm forecast

Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year

Trump administration races to rebuild US tariff wall knocked down by Supreme Court

Need for speed? Driving above the speed limit costs you — and doesn’t actually save much time

3 islands help control access to the Strait of Hormuz. They’re in the crosshairs of the Iran war

Retail sales up a modest 0.2% in June amid economic uncertainty

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