Tag: United States
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Treasury yields dip as Wall Street awaits wholesale inflation data
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over one basis point to 4.674%.
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Trump signed memo to allow use of cyber tools to target transnational criminal organisations, White House says
United States President Donald Trump signed a memo on Wednesday (Aug 12) that the White House said was aimed at empowering federal law enforcement to use cyber tools against transnational criminal organisations that operate in foreign jurisdictions to attack Americans.Trump signed the national security presid
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‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows
The Persian Strait Gulf Authority said “the Strait of Hormuz remains blocked and will not be reopened until Iran’s conditions are accepted.”
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Oil rises on worries over supply disruptions as spill near Oman worsens
News of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea drove oil higher. An oil spill near Oman continued to worsen.
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CNBC Daily Open: Markets look past soaring U.S. budget deficit
Signs of potential interest rate hikes remain in focus after the U.S. budget deficit surged to its highest monthly level in more than five years.
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Novo Nordisk CEO defends lawsuit against Eli Lilly: ‘Competition has to be fair’
Novo Nordisk CEO defended the company’s decision to sue rival Eli Lilly over its weight-loss drug advertising.
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Ford says it’s increasing Lincoln production in the U.S. in 2030
Ford said on Wednesday that it will be increasing production of its Lincoln cars in the U.S. beginning in 2030.
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Trump’s spokesperson Karoline Leavitt to step down
White House Press Secretary Karoline Leavitt said she is stepping down to focus on her family, with US President Donald Trump saying she would remain “one of my top outside advisers and an influential voice within the Republican Party.”
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ICE plans to give officers gloves that can deliver painful electric shocks
ICE (Immigration and Customs Enforcement) plans to spend up to US$20 million on electric-shock gloves designed to help officers quickly gain compliance from individuals.
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U.S. budget deficit surged in July to highest level since March 2021
Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
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