U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says
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Treasury Secretary Bessent says Trump tariffs won't cause inflation to increase
The Treasury secretary's comments come just two days before the tariffs are scheduled to go into effect.CNBC - 4d -
Treasury Secretary Bessent says the American dream is not about 'access to cheap goods'
Bessent on Thursday offered a full-throated defense of the White House's position on tariffs.CNBC - 2h -
As US censorship industry collapses, the fight for free speech moves to Europe
The anti-free-speech movement is decamping to Europe, where free speech has been in decline for decades.The Hill - Feb. 22 -
Linda McMahon, wrestling industry billionaire, confirmed as US education secretary
US Senate confirmed Trump ally and ex-wrestling executive as chief of department president wants dismantled. The US Senate has confirmed Linda McMahon as the nation’s next education secretary, ...The Guardian - 2d -
Treasury Secretary says Ukraine economic deal off after Zelenskyy "chose to blow that up"
Treasury Secretary Scott Bessent tells "Face the Nation with Margaret Brennan" that the economic deal with Ukraine is off the table after the heated Oval Office meeting — which Bessent attended — ...CBS News - 4d -
Treasury Secretary says Ukraine economic deal is not on the table after Zelenskyy "chose to blow that up"
Treasury Secretary Scott Bessent said an economic deal with Ukraine is not currently on the table after a contentious Oval Office meeting.CBS News - 4d -
Industry observers say GPT-4.5 is an “odd” model, question its price
Industry leaders find GPT 4.5 an interesting mix of capable model without pushing the boundaries of LLMs too much.VentureBeat - 6d -
Top shale boss says US oil companies will not flock back to Russia
Harold Hamm warns executives will be wary of any peace deal between Trump and PutinFinancial Times - Feb. 22 -
Joel Embiid did not suffer setback before being shut down for the season, 76ers coach Nick Nurse says
Embiid will not play again this season due to continued issues with his left kneeCBS Sports - 4d -
Spurs shutting down Wembanyama for season
Spurs star Victor Wembanyama is expected to miss the remainder of the season with deep vein thrombosis in his right shoulder.ESPN - Feb. 21 -
Microsoft shutting down Skype in May
Microsoft is officially retiring Skype, the platform once popular for making calls and messaging, and redirecting users to Teams, the tech giant announced Friday. The application will close down ...The Hill - 6d -
Oil prices end higher as U.S. imposes more sanctions on Iran
Oil futures finished higher on Monday, with prices finding support after a nearly 3% decline Friday, as the U.S. imposed fresh sanctions on Iran, impacting its crude sector.MarketWatch - Feb. 24 -
Treasury Secretary Scott Bessent announces creation of an "affordability czar"
Treasury Secreatry Scott Bessent described the new role as "someone who picks the five or eight areas where this administration can make a big difference for working class Americans."CBS News - 4d -
Treasury yields slip as data raise questions about strength of U.S. economy
U.S. Treasury yields slipped on Friday, with short-dated notes tallying their biggest one-day drop since January after a fresh batch of data raised questions about the strength of the U.S. economy.MarketWatch - Feb. 21 -
Warner Bros. Games is shutting down Monolith and more
Warner Bros. Games announced today it's shutting down three of its developers: Monolith, Player First and WB Games San Diego.VentureBeat - Feb. 25 -
Microsoft to shut down video-calling pioneer Skype
Tech giant to retire service it acquired for $8.5bn after being overtaken by upstarts such as WhatsApp, Telegram and ZoomFinancial Times - 6d -
Reignbreaker Dev Will Shut Down After Releasing The Game
It's become all too common in the video game industry for small developers to shut down if their game isn't deemed a success after its debut. Unfortunately for Studio Fizbin, the decision to close ...GameSpot - 2d -
Big oil is waging ‘biggest campaign of political interference in US history’, senator says
Fossil fuel groups poured a record $96m into Trump ahead of the 2024 election, demanding more scrutiny, not less, says Sheldon Whitehouse. The Republican party’s capturing of the Senate and House ...The Guardian - 11h -
Will a ‘user fee’ on US Treasuries actually work?
Taking another look at the mooted Mar-a-Lago AccordFinancial Times - Feb. 25 -
Trump’s Tariffs Are Raising Costs for One of His Favorite Industries: Oil
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.The New York Times - 6d -
What Germany’s Election Result Means for Its Economy
The next German government faces calls to loosen borrowing rules, slash energy costs and spur innovation. It won’t be easy.The New York Times - Feb. 24 -
Germany’s election leaves its industrial champions dangling
The deciding vote on where valuations go next will be cast on the other side of the AtlanticFinancial Times - Feb. 24 -
Transcript: Treasury Secretary Scott Bessent on "Face the Nation with Margaret Brennan," March 2, 2025
The following is the transcript of an interview with Treasury Secretary Scott Bessent that aired on "Face the Nation with Margaret Brennan" on March 2, 2025.CBS News - 4d -
Justice Department shuts down federal law enforcement misconduct tracker
The database allowed federal law enforcement agencies to privately search for information on a new hire or officer within their ranks.CBS News - Feb. 21 -
Trump administration shuts down national database documenting police misconduct
Database, first proposed by Trump in 2020 and created by Biden administration in 2023, is now offline. Donald Trump ’s second presidential administration shut down a national database that tracked ...The Guardian - Feb. 22 -
Another Live-Service Game Is Shutting Down, With Dauntless Going Offline Soon
Dauntless , the free-to-play Monster Hunter-like from developer Phoenix Labs, will shut down May 29. In a short and to-the-point statement from the official Dauntless X account , it was made ...GameSpot - Feb. 24 -
76ers star shutting down for season: Paul George announces podcasting hiatus
Podcast P is hanging up the mic to focus on giving the struggling 76ers 'a chance to be in contention'CBS Sports - Feb. 26 -
Trump administration tells NYC to shut down congestion pricing by March 21
The Federal Highway Administration said the Metropolitan Transportation Authority must stop collecting tolls by that date to allow for an "orderly cessation."ABC News - Feb. 26 -
Microsoft is shutting down Skype after over two decades
Internet calling service that disrupted landline industry to close in May as tech giant says it will focus on Teams. Skype will ring for the last time on 5 May as owner Microsoft retires the ...The Guardian - 6d -
After 21 Years, Microsoft Is Shutting Down Skype. It’s Truly the End of an Era
Skype never really made sense in a world where Microsoft wants everyone to use Teams.Inc. - 6d -
Microsoft Will Shut Down Skype in Favor of a Free Version of Teams
The company plans to move users of the pioneering service, which it bought in 2011, to Microsoft Teams.The New York Times - 6d -
Microsoft Will Shut Down Skype in Favor of a Free Version of Teams
The company plans to move users of the pioneering service, which it bought in 2011, to Microsoft Teams.The New York Times - 6d -
CoD Cheat Developer Is Shutting Down, And Not Everyone Believes Them
Despite Activision's efforts to curb cheating among some Call of Duty players, it remains an issue even in Black Ops. 6 . But now, there's potentially cause for celebration among CoD fans as ...GameSpot - 3d -
Yanks' Gil (lat strain) shut down at least 6 weeks
New York Yankees starting pitcher Luis Gil has been diagnosed with a high-grade lat strain in his right shoulder and will be out at least a couple of months.ESPN - 2d -
Wales' largest theme park shuts down after 40 years
Oakwood Theme Park, which opened in 1987, employed up to 200 people.BBC News - 2d -
What will happen to student loans if the Education Department shuts down?
It’s hard to know how far the White House will go, but eliminating the agency could exacerbate student-loan chaos.MarketWatch - 26m -
Iran accelerates production of near weapons-grade uranium, IAEA says
A report by the United Nations’ nuclear watchdog says Iran has accelerated its production of near weapons-grade uranium as tensions between Tehran and Washington rise after the election of U.S. ...ABC News - Feb. 26 -
Transgender US military personnel must be identified and stood down, says Pentagon memo
Being transgender is not compatible with service, court filing says, foreshadowing removal of people from service within 60 days. Transgender service members will be separated from the US military ...The Guardian - Feb. 27 -
The US has spurred the Chinese chip industry
Sanctions have accelerated the rise of Nvidia’s rivals as they seize a shift in AI useFinancial Times - 1d
More from CNBC
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Trump says he's not even looking at stock market, tariffs will make U.S. 'very strong'
Tariff decisions have 'nothing to do' with the stock market, President Donald Trump said Thursday.CNBC - 34m -
So long, Trump bump: Tech stocks wipe out last of post-election gains
The Nasdaq's 2.6% drop on Thursday pushed the index to its lowest since before Donald Trump was elected president.CNBC - 57m -
HPE to cut 2,500 employees as stock slides 16% on weak earnings outlook
Management said execution wasn't perfect across the board in the January quarter.CNBC - 5m -
Broadcom shares soar 9% as earnings top estimates on demand for custom AI chips
Broadom reported earnings and revenue that topped analysts' expectations.CNBC - 23m -
Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power
Gap has been in the midst of a turnaround under CEO Richard Dickson and has blown away Wall Street expectations for four quarters in a row.CNBC - 43m
More in Business
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Judge reinstates NLRB member Trump fired: 'A president is not a king'
Gwynne Wilcox was the first National Labor Relations Board member ever fired. A judge said Trump does not have the power to fire board members 'at will.'CNBC - 1m -
HPE to cut 2,500 employees as stock slides 16% on weak earnings outlook
Management said execution wasn't perfect across the board in the January quarter.CNBC - 5m -
Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month
Goods trading under the rules of the North American trade pact, or most products, would be exempt from tariffs, the president said. The levies have caused stock markets to sink.The New York Times - 10m -
Trump’s crypto reserve may still be a long time coming, no matter what he says Friday. Here’s why.
Some hope that President Donald Trump will unveil major updates about his proposed crypto reserve at his first White House digital-assets summit scheduled for Friday. However, regardless of what ...MarketWatch - 10m -
Trump’s crypto reserve may still be a long time coming, no matter what he says Friday. Here’s why.
Some hope that President Donald Trump will unveil major updates about his proposed crypto reserve at his first White House digital-assets summit scheduled for Friday. However, regardless of what ...MarketWatch - 10m