Sep 02 Watch 6:29 News Wrap: Lindsay Clancy jury deadlocked and unable to reach verdict In our news wrap Wednesday, the jury in Lindsay Clancy's murder trial remains deadlocked and unable to reach a verdict, Tiger Woods will have his driver's license suspended for five years as part of a plea deal related to a… Continue watching
Sep 02 Why bond yields are rising and why everyone should care By Christopher Rugaber, Stan Choe, Associated Press Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention. They can also have a big impact on Americans' personal finances and on the broader economy. Continue reading
Sep 01 China dissents as Bessent says 19 finance ministers agree to address 'cheap exports' By Fatima Hussein, Associated Press Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. Continue reading
Sep 01 Apple's new CEO, John Ternus, takes over from Tim Cook at a pivotal time for the company By Associated Press Ternus faces challenges that will force him to step outside his comfort zone in hardware engineering. Continue reading
Sep 01 Stocks slip on Wall Street under pressure from rising oil prices, bond sell-off By Damian J. Troise, Associated Press Much of the continued pressure being felt by Wall Street is coming from an ongoing sell-off in U.S. government bonds. Continue reading
Aug 31 Watch 6:52 Analyst breaks down challenges U.S. will face to unlock Venezuela's oil By Nick Schifrin, Zeba Warsi President Trump announced an unprecedented agreement in which the Pentagon would become an investor in a private company granted exclusive oil development rights in Venezuela. Nick Schifrin discussed the deal with Francisco Monaldi, director of the Latin America Energy Program… Continue watching
Aug 31 WATCH: Trump says Fed Chair Warsh will 'do what he has to do' on possible rate hikes By Associated Press Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”… Continue reading
Aug 31 Hosting G20 meeting, Bessent tries to rally allies on Iran as tariffs strain ties By Fatima Hussein, Associated Press Treasury Secretary Scott Bessent is meeting with finance ministers of the world’s largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran. Continue reading
Aug 30 U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP By Fatima Hussein, Associated Press “This is going to be financial violence if we have to,” Bessent said in the interview. “We are showing people that we know who you are, you know who you are, and this has got to stop.”… Continue reading
Aug 29 Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference By Christopher Rugaber, Associated Press Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference. Continue reading