Tag: Government and politics
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CNBC Daily Open: The cost of AI, trade showdown and Iran’s ‘economic D-day’
The two forces of AI spending and geopolitical tensions compete for the role of key market driver in early trade.
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Oil prices fall as investors await ‘toughest’ U.S. sanctions on Iran
Oil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.
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Treasury Secretary to announce Iran sanctions as Tehran dismisses economic warfare threat
Bessent told CNBC that the sanctions will be the “toughest” in history.
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Democratic House leader Jeffries meets with Jared Kushner as midterms loom
Democrats are currently favored to win a majority in the House of Representatives after November’s elections.
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U.S.-Canada trade talks collapse, ushering in wave of new tariffs
New 50% Trump administration tariffs on some Canadian exports went into place after the U.S. and Canada failed to reach a deal on Friday.
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Supreme Court allows Trump to continue White House ballroom construction for now
President Donald Trump had the White House’s East Wing demolished in 2025 to make way for his controversial planned ballroom.
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U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
The security situation in Hormuz remains contested but the U.S. is helping oil get through the strait.
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Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran
Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.
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‘Perfect storm’ brews for global food supply this winter as grain prices soar
Fears over crop yields and farmers’ ability to plant ahead of next year have come to the fore as wheat prices jump.
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‘A delicate dance’: JD Vance says economic pressure is the best way to achieve Washington’s objectives in Iran
Vance said “what has been true over the last couple of weeks is they felt a lot more pressure than we have.”
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