Tag: United States
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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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Longer-dated Treasury yields rise as Bessent’s bond buyback rally fizzles out
Concerns over the Treasury Department’s debt repurchase program continue to weigh on markets.
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CNBC Daily Open: The ‘Bessent Bid’ wares off
In a CNBC exclusive, U.S. Treasury Secretary Scott Bessent says he could expand a bond buyback plan, but yields march higher despite the extraordinary action.
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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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U.S. bond intervention is like ‘paying your mortgage with your credit card,’ JPMorgan’s Sullivan says
The U.S. government’s efforts to manage pressure in the Treasury market risk merely shifting the problem down the road, according to JPMorgan’s James Sullivan.
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Democratic California state legislator Wahab wins US House of Representatives seat
WASHINGTON: Democrat Aisha Wahab, a member of the California state Senate, was projected on Thursday (Aug 20) to win a special election to fill a vacant seat in the United States House of Representatives, according to multiple US media outlets.Wahab defeated Democrat Melissa Hernandez, an official with the Sa
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Chinese humanoid robots’ biggest obstacle: humans are still (mostly) better
Humanoid robots still struggle to perform as efficiently as humans in most labor scenarios.
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CNBC Daily Open: Watching Iran’s economy; a losing game for bonds
U.S. Treasury Secretary Scott Bessent said the U.S. likely won’t need to restart large-scale combat with Iran.
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US charges woman with IS-inspired plot to blow up New York State Capitol
NEW YORK: US authorities charged a woman who allegedly supported the Islamic State group with a terrorism offence on Thursday (Aug 20) after she told an FBI informant she “wanted to destroy” the New York State Capitol buildings, court filings showed.Located in Albany near the Canadian border, the New York Sta
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