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NEWS - SUNDAY, AUGUST 30, 2026 - NEWS
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive. CBS
VOA VIEW: The amount was too low.
The ruling marks a blow to the federal government's long-delayed effort to prosecute Khalid Sheikh Mohammed, who is accused of developing the plot to crash planes into the Pentagon and World Trade Center. CBS
He was placed on unpaid leave from his job at the White House after it was determined he used his position to make bets on what President Trump would say in speeches. CBS
VOA VIEW: He should pay more.
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Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive. CBS
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive. CBS
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive. CBS
With data center concerns becoming a major election issue and Meta reaching a landmark settlement in a social media case, the tech backlash is gaining steam. CNBC
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post. CNBC
Iran's president says sanctions are hitting imports and exports, as its supreme leader urges less reliance on the U.S. dollar. CNBC
VOA VIEW: Iran should pay all US costs of the war.
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Warren Buffett will be celebrating his 96th birthday on Sunday, but Berkshire Hathaway investors aren't celebrating the stock's anemic performance. CNBC
Treasury has not disclosed how much yen it bought, the execution rate or the current value of the position, despite Warren’s requests for details. CNBC
Trump’s push to acquire Greenland and growing uncertainty over U.S. security commitments have added a geopolitical dimension to Iceland’s EU debate. CNBC
VOA VIEW: Trump is thinking of US interests.
After confusing markets at his July news conference, Fed Chairman Kevin Warsh used Jackson Hole to give a clearer view of the case for higher interest rates. CNBC
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Corn and wheat futures have surged to their highest levels in more than three years. But the reasons for these recent rallies are notably different. CNBC
Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said. CNBC
Iran said the conflict in the Gaza Strip has to end, Israel has to withdraw from Lebanon and also halt its attacks on Syria. CNBC
VOA VIEW: Iran should be hit hard.
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The U.S. has shifted to a campaign of economic warfare, after a dozen waves of airstrikes in July failed to force Tehran to abandon its claim to Hormuz. CNBC
The agency has submitted a rule proposal to the White House that could allow more workers to get health insurance through association health plans. CNBC
The incident happened about an hour after the National Transportation Safety Board released new details about a similar incident in early August. CBS
"Space is the hot thing," President Trump said at the NASA Johnson Space Center in Houston. CBS
The White House said President Trump will "pay tribute to the brave first responders who put their lives on the line." CBS
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Trump administration plan to temporarily waive higher tariffs on beef imports has drawn backlash from U.S. cattle ranchers. CBS
Walmart settled claims that it filled thousands of invalid prescriptions at its pharmacies at the height of the opioid epidemic. CBS
VOA VIEW: They should pay.
Bryan Kohberger is seeking to withdraw his guilty plea for the murders of four University of Idaho students, arguing he was coerced into a false confession. FOX News
VOA VIEW: Kohberger is an idiot.
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At least 37 people are dead in Ukraine and many more wounded after a Russian drone hit an ammunition warehouse, causing explosions and fire. UPI
The leader of the Seneca Nation on Friday called on President Donald Trump to reverse his decision to rename Lake Ontario as Lake America. UPI
The Trump administration on Friday asked the Supreme Court to allow the Pentagon to ban transgender individuals from serving in the military. UPI
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COMMENTARY OF THE DAY
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No deal will be made unless Trump gives in to Iran. Oil prices jumped about 5% as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz.
The international benchmark, also settled around 5% higher at $87.72 a barrel.
President Donald Trump told Axios that the U.S. is “only semi-negotiating” with Iran, after he insisted last week that Washington and Tehran were in fact holding talks. Trump indicated that he would rely on the U.S. naval blockade to pressure Tehran rather than another wave of airstrikes.
“We are just watching Iran with its huge inflation and the fact they have no money,” the president told Axios. Trump canceled a planned attack against the Islamic Republic on Aug. 1 to allow for negotiations. Oil stocks in the U.S. Strategic Petroleum Reserve have fallen below 300 million barrels, the lowest level since January 1983, as the conflict drags on.
Oil prices sold off more than 7% after Treasury Secretary Scott Bessent told CNBC that a deal to open Hormuz with freedom of movement for ships could come soon. But an agreement still has not been announced as Tehran’s and Washington’s positions have hardened. Iran’s Foreign Ministry spokesman, Esmail Baghaei, said Monday that the U.S. must lift its blockade before Tehran would agree to fully open Hormuz.
“As long as the U.S. naval blockade continues, the necessary conditions for the reopening of the Strait of Hormuz do not exist,” Baghaei said, according to the state news agency Tasnim. Iran and Oman are holding bilateral negotiations over shipping routes in the strait, he said. The U.S. and Iran signed a memorandum of understanding on June 17 to open Hormuz to commercial ships, but the deal quickly collapsed as fighting erupted over which routes vessels could use.
