CNN 5 Things Interest Rates, US-Iran Tensions Rise, Amazon Layoffs and more
Jan 28, 2026
A tense political attack in Minneapolis and shifting presidential rhetoric make headlines. Rising US-Iran tensions and large-scale Middle East military exercises are explained. New figures reveal heavy Russian casualties and limited gains in Ukraine. A major tech company announces thousands of layoffs as it pivots toward AI.
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Representative Omar Attacked, Unfazed
- Ilhan Omar was sprayed with an unknown substance during a Minneapolis town hall but kept speaking and declined medical help.
- Omar said she survived war and intimidation and would continue her work undeterred.
Fed Likely To Pause Amid Competing Pressures
- The Federal Reserve is widely expected to pause rate changes despite pressure to keep rates low from President Trump.
- The Fed balances stable unemployment and stubborn inflation while facing a DOJ criminal probe into Powell's congressional testimony.
U.S.-Iran Tensions Rise During Air Exercises
- U.S. forces are conducting multi-day air exercises as tensions with Iran and U.S. military presence in the region rise.
- President Trump signaled possible tougher military responses if Iran doesn't negotiate, while the U.S. says it's open to talks with clear terms.
