Latest in U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says
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U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says
Trump has launched a maximum pressure campaign on Iran but has also said he wants to negotiate a nuclear deal with the Islamic Republic.CNBC - 4h -
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 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 -
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 - 5h -
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 - Feb. 27 -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - Feb. 20 -
Moscow loathed the U.S. for years as its economy paid a high price for war — now, it’s doing a U-turn
Moscow has denigrated the United States' leadership, economy and culture — but now things are changing amid a "revival" of Russia-U.S. relations.CNBC - Feb. 20 -
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 -
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 -
U.S. economy is still growing, ISM says, even as Trump tariffs generate ‘great uncertainty’ and fuel further inflation
The large service side of the U.S. economy that employs most Americans grew in February, but businesses said they were nervous about the Trump tariffs and were already facing higher costs.MarketWatch - 1d -
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 -
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 -
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 - 3d -
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 -
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 -
Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings
Warren Buffett’s conglomerate held $334 billion in cash at the end of 2024, helping to stabilize earnings in the face of declines at more than half of the nearly 200 businesses it operates.The New York Times - Feb. 24 -
Illegal crossings at U.S.-Mexico border down 94%, Border Patrol chief says
"I can tell you this: anyone that has crossed the border between the ports of entry since this administration has taken office has not been released," Border Patrol chief Mike Banks told CBS News.CBS News - Feb. 20 -
Fired Yosemite workers say upside-down U.S. flag was a call to protect public lands
Laid-off employees who hung a U.S. flag upside-down at Yosemite National Park say the action was a call to protect the nation's public lands.NBC News - Feb. 25 -
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 -
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