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Today: March 12, 2026
Today: March 12, 2026

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Business|Economy|Environment|World

With the Strait of Hormuz choked by war, the Panama Canal reaps the benefits

With fuel and freight prices skyrocketing as war chokes the Strait of Hormuz, the Panama Canal is seeing more business than usual.The canal, which connects the Atlantic and Pacific oceans at a narrow point between North and South America, is receiving a “slight increase” in vessels, according to the Panama Canal’s deputy administrator, Ilya Espino de Marotta.“The latest thing we’ve seen is an increase — a slight increase in the number of transits,” Espino de Marotta explained in a statement to CNN. “Let’s remember that now, with higher fuel prices, the Panama Canal definitely
With the Strait of Hormuz choked by war, the Panama Canal reaps the benefits
Business|Economy|Environment|Political

Senate passes bipartisan housing bill to improve access and affordability

The Senate passed a broad bill on Thursday to make U.S. housing more accessible and affordable, a rare bipartisan effort in Congress to address a growing national problem. The bill, which passed 89-10, would reduce regulations, regulate corporate investors and expand how housing dollars can be used to build affordable homes and rentals. It will now head back to the House, which passed a similar bill earlier this year. “We have a housing shortage all across America,” said Massachusetts Sen. Elizabeth Warren, who worked with Republicans to win overwhelming suppo
Senate passes bipartisan housing bill to improve access and affordability
Economy|Political|World

Mortgage rates climb to 6.11% as Iran war roils markets

US mortgage rates climbed this week as investors fret the economic impact of President Donald Trump’s war on Iran, undoing some of the welcomed progress in housing affordability.The average rate of a standard, 30-year fixed mortgage was 6.11% in the week ending March 12, according to a survey of lenders by Freddie Mac released Thursday. That was biggest weekly increase since April, when Trump’s “Liberation Day” tariffs caused bond yields to spike.Just two weeks ago, the average rate slipped below 6% for the first time since 2022, crossing a key psychological threshold that generally ma
Mortgage rates climb to 6.11% as Iran war roils markets

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Crime|Education|US

2 injured and gunman dead after shooting at Old Dominion University, school says

[Breaking news, published at 2:xx p.m. ET]One victim died and two others are in hospitals as a result of Thursday morning’s shooting at Old Dominion University, university Police Chief Garrett Shelton said at a news conference. The shooter also is dead, Shelton said.[Original story, published at 1:41 p.m. ET]Two people are injured and a gunman is dead after a shooting inside an academic building at Old Dominion University in coastal Virginia Thursday morning, according to the school.The shooter was “neutralized” after the person opened fire shortly before 10:50 a.m. at Constant Hall on c
2 injured and gunman dead after shooting at Old Dominion University, school says
Crime|US|World

Armed man rammed vehicle into Michigan synagogue and was fatally shot by security, AP source says

A man armed with a rifle rammed a vehicle into the nation’s largest Reform synagogue, in a Detroit suburb, and was fatally shot by security, The Associated Press has learned. That’s according to a person familiar with the matter who spoke to The Associated Press on Thursday. The vehicle caught on fire after crashing into the Temple Israel synagogue in West Bloomfield Township, the person said. Investigators were still working to identify the man and a possible motive for the attack. The person cautioned that the investigation is still in the early stages
Business|Crime|Health|Technology|US

Lawyers in landmark social media addiction trial make final appeals to the jury

After about a month of hearing from addiction experts, therapists, platform engineers and executives, including Mark Zuckerberg, a jury is listening to closing arguments before deciding whether social media companies should be liable for harms caused to children using their platforms. Closing statements in the trial began Thursday at the Spring Street Courthouse in Los Angeles. Lawyers representing the plaintiff, a 20-year-old woman, and those representing the two defendants, Meta and Google-owned YouTube, are making their respective cases to the jurors. TikTok and Snap were als
Lawyers in landmark social media addiction trial make final appeals to the jury
Business|Entertainment|Finance|Sports|US

New York Giants co-owner Steve Tisch and siblings look to transfer stake in team to their children

New York Giants co-owner Steve Tisch is requesting his ownership stake in the team be transferred to his children, according to an internal NFL memo.Tisch – along with his siblings Jonathan and Laurie Tisch – notified NFL chief executives and club presidents on Wednesday of their intentions to move “approximately 23.1%” of their remaining interests in the team into separate trusts for their children, according to the memo obtained by CNN.“Following the transactions, the Sellers will no longer own any interest in the Club,” the memo said.“This transaction is part of estate plannin

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Business|Economy|Environment|Finance|World

Gas is just the start: What else the Iran war could soon cost you

Ever since the US and Israel struck Iran, the jump in oil and gas prices has become a major focus for markets and consumers alike. But that’s only the top of a long list of goods that stand to get more expensive.With oil prices shooting up, the cost to transport physical goods around the world has already increased and is poised to continue going up the longer the war continues.And because many businesses are already absorbing most of the cost of tariffs enacted by the administration over the last year, they have little wiggle room for them to assume higher transportation costs, said Brian B
Gas is just the start: What else the Iran war could soon cost you
Business|Economy|Science|Technology|World

China doesn’t want to catch up with the US in tech. It aims to lead

In an era marked by US overseas military actions and trade turbulence, Chinese leader Xi Jinping is counting on a plan to shield his country from the storm: driving innovation to transform China into the world’s leading tech superpower.Over the next five years, China seeks to upgrade its already powerful industrial sector, strengthen tech “self-sufficiency” and incubate sectors that will help accelerate the country’s tech supremacy, from artificial intelligence and robotics to aerospace and quantum computing.“For the first time, China wants to lead in a number of technologies. Previo
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Pritzker Prize 2026: Chile’s Smiljan Radić wins ‘Nobel’ of architecture

Chilean architect Smiljan Radić, whose often-experimental designs include a doughnut-shaped pavilion in London and a restaurant held up by boulders in Santiago, was named the winner of this year’s Pritzker Prize — an award often dubbed the field’s equivalent to a Nobel Prize — on Thursday.While the 60-year-old’s designs may, at first glance, appear precariously engineered or even unfinished, the award’s jury said they uplifted those who enter, calling his work “optimistic and quietly joyful.”Radić becomes the fifth Latin American architect to win the prestigious prize in its
Pritzker Prize 2026: Chile’s Smiljan Radić wins ‘Nobel’ of architecture
Business|Economy|Environment|World

Oil soars above $100 after Iran says Strait of Hormuz will remain shut

Brent crude oil hovered around $100 a barrel Thursday, after Iran’s new leader purportedly said the Strait of Hormuz would remain shut and as further attacks on ships in the Gulf spooked energy traders.In comments delivered by an anchor on Iranian state television, Mojtaba Khamenei warned that the strait would remain closed as a “tool of pressure.” The message attributed to the Islamic republic’s new supreme leader – the son of former leader Ali Khamenei, who was killed by an Israeli strike at the start of the war – also contained a warning of possible further attacks against US mi

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Education|MidEast|Political|World

US strike likely hit a school in Iran due to outdated intelligence, sources briefed on initial findings say

US strike likely hit a school in Iran due to outdated intelligence, sources briefed on initial findings say
Election

What’s in the ‘SAVE America Act’ and why is it so important to Donald Trump?

What’s in the ‘SAVE America Act’ and why is it so important to Donald Trump?

Business|Economy|Political|World

Pentagon blocks photographers from Hegseth's briefings on the Iran war

The Pentagon has not permitted photographers to cover Defense Secretary Pete Hegseth's last two briefings on the war in Iran, and hasn't explained the change in longstanding policy

Business|Economy|Health

Millions of Americans are skipping meals or cutting back on utilities to afford health care

Millions of Americans are skipping meals or cutting back on utilities to afford health care
Business|Economy|Sports|Technology

Trey Hendrickson joins Ravens, Maxx Crosby still on Raiders and Daniel Jones re-signs with Colts

The Baltimore Ravens landed their star pass rusher in Trey Hendrickson, Maxx Crosby is back in Las Vegas for now and Daniel Jones is staying in Indianapolis as part of a busy start to the new league year

Arts|Crime|Education|Environment|Europe|MidEast|Political|Sports|World

Outdated intel likely led US to carry out deadly strike on Iranian elementary school, AP sources say

Outdated intelligence has likely led to the United States carrying out a deadly missile strike on an elementary school in Iran that killed over 165 people, many of them children, in the opening hours of the conflict, according to a U.S. official and a second person briefed on findings of a preliminary U

Business|Economy|World

Inflation held firm last month — but the war with Iran could change that

Inflation held firm last month — but the war with Iran could change that
Political

Trump leaned toward endorsing Cornyn. Then the leaks started — and Paxton made a ‘genius move’

Trump leaned toward endorsing Cornyn. Then the leaks started — and Paxton made a ‘genius move’

Business|Crime|Economy|Political

Longtime Epstein accountant testifies behind closed doors for roughly 7 hours in House Oversight probe

Longtime Epstein accountant testifies behind closed doors for roughly 7 hours in House Oversight probe

Crime|Environment|Health|Political|World

What we know on the 12th day of the US and Israel’s war with Iran

What we know on the 12th day of the US and Israel’s war with Iran