Treasury Secretary Hearing As It Happened Bessent Warns of Economic Calamity If Congress Fails to Extend Tax Cuts Us Should Increase Sanctions on Russian Oil Companies
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FanDuel’s parent company just issued a profit warning. Blame the Detroit Lions.
There aren’t enough upsets in the National Football League, and that’s upsetting for investors in sports betting companies including Flutter Entertainment, the owner of FanDuel.MarketWatch - Jan. 8 -
The First US Bird Flu Death Is a Stark Warning
A Louisiana patient is the first person in the United States to die as a result of H5N1 infection. One expert likens what happens next to Russian roulette.Wired - Jan. 7 -
US imposes sanctions on senior Hungarian government minister
US treasury accuses Antal Rogán, a close aide of leader Viktor Orbán, as key to ‘system of corruption’. The United States has imposed sanctions on a senior member of the Hungarian government for ...The Guardian - Jan. 7 -
US stocks slide as strong data sends Treasury yields higher
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figuresFinancial Times - Jan. 7 -
‘A snowball’s chance in hell’: Trudeau rejects Trump threat to annex Canada
President-elect threatened to use ‘economic force’ to make northern neighbor part of US. Justin Trudeau has rejected threats from Donald Trump that the US could use “economic force” to annex its ...The Guardian - Jan. 7 -
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between them was complete in 2021 and 2022, the federal government announced ...The Hill - Jan. 7 -
US determines Sudan paramilitary committed genocide, sanctions leader
The Biden administration on Tuesday sanctioned the top general of Sudan’s Rapid Support Forces (RSF) and determined the paramilitary group has committed genocide in the country, as well as crimes ...The Hill - Jan. 7 -
Next warns of ‘anaemic’ growth after UK Budget tax increases
Retailer says measures will cost it £67mn in current financial year and warns of potentially chilling effect on economyFinancial Times - Jan. 7 -
Nigeria’s Seplat moves in to fill gap as foreign oil companies retreat
Buyer of ExxonMobil’s assets in the west African country wants to double production within six monthsFinancial Times - Jan. 7 -
Oil ends lower as signs of strong demand for Mideast crude fail to feed recent rally
Oil futures settled with a loss on Monday, with hopes for further economic stimulus from China and signs of strong demand for Middle Eastern crude failing to support prices in the wake of a ...MarketWatch - Jan. 6 -
US Congress certifies Trump’s 2024 electoral win
Certification comes four years after Republican’s supporters staged violent attack on CapitolFinancial Times - Jan. 6 -
GOP memo: Congress likely can't slash certain infrastructure law programs for tax cuts
Politico - Jan. 6 -
China rips US over sanctions in hacking incidents targeting infrastructure
China slammed the U.S. on Monday for sanctioning a Beijing-based cybersecurity firm allegedly behind a botnet targeting American infrastructure, accusing Washington of “using the issue of ...The Hill - Jan. 6 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
Truck-ramming suspect used wrong device in failed detonation of IEDs: Officials
The suspect in the deadly New Year's Day truck ramming attack in New Orleans made two previous trips to the city in October and November 2024, the FBI said.ABC News - Jan. 5 -
Amber weather warning for snow in northern England extended to Monday
Met office warns of continued likely travel delays, stranded vehicles and power cuts due to wintry conditions. In pictures: snowfall in England and Wales Heavy overnight snow in Wales and ...The Guardian - Jan. 5 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
Polish wealth managers warn against tax changes for family foundations
Structure was set up in 2023 to encourage money to stay in the countryFinancial Times - Jan. 5 -
ATF chief warns that agency cuts could result in dire consequences
Congressional Republicans proposed $188 million in cutbacks to the agency this year, alleging the ATF overreaches and places too many restrictions, including on pistol braces.CBS News - Jan. 4 -
Isak extends Newcastle hot streak to increase heat on Postecoglou’s Spurs
Ange Postecoglou stood, as he always does, hands in pockets, at the edge of his technical area. It had been another frustrating afternoon, a defeat that means Spurs have now won just one of their ...The Guardian - Jan. 4 -
Only US leadership can stop China’s economic power in Latin America
The only way to stop China’s accelerated advance in Latin America continues to be democracy and the counterweight of greater leadership from Europe and the U.S.The Hill - Jan. 4 -
Sabres Should Extend Surging Forward Right Now
The Sabres forward is making a serious case for a contract extension.Yahoo Sports - Jan. 4 -
The Surgeon General Wants Alcohol Companies to Add a Warning about Cancer Risk
Congress is unlikely to approve new labeling on alcohol anytime soon, but studies linking consumption with cancer put liquor companies in a tough spot.Inc. - Jan. 3 -
U.S. Hits Chinese Cybersecurity Company With Sanctions After Breach
The agency imposed penalties on a company it blamed for supporting the Chinese hacking group Flax Typhoon in a 2022-23 infiltration.The New York Times - Jan. 3 -
Recovery in US car sales eases fear of economic malaise settling in
Strong purchase data to end the year reverses downward trend as lower interest rates and better deals lure buyersFinancial Times - Jan. 3 -
Chinese cyber firm linked to botnet attack sanctioned in US
The federal government hit Chinese cyber group Integrity Technology Group with new sanctions on Friday, citing alleged computer intrusion incidents against those in the U.S. At the direction of the ...The Hill - Jan. 3 -
Trump says Britain is 'making a very big mistake' with windfall tax on North Sea oil producers
U.S. President-elect Donald Trump on Friday called on Britain to "open up" the North Sea and get rid of "windmills."CNBC - Jan. 3 -
Trump blasts UK energy policy and ‘windmills’ after company blames windfall tax for less drilling
President-elect Trump is criticizing the United Kingdom’s energy policy and saying it should get rid of windmills after a company blamed the country’s windfall tax for its early exit from drilling ...The Hill - Jan. 3 -
Alcohol should carry warning label for cancer risk, US surgeon general says
Advisory warns alcohol is third leading preventable cause of cancer in US and seeks to raise consumer awareness. Alcohol use is the third leading preventable cause of cancer in the US after ...The Guardian - Jan. 3 -
Online traders warned to check tax return status
Deadline looms as Airbnb, eBay and other platforms report individuals’ incomeFinancial Times - Jan. 3 -
Former GOP lawmaker: DOGE should focus on fixing Congress
Former Rep. Mike Gallagher (R-Wis.) penned a Thursday op-ed in The Wall Street Journal urging Elon Musk and Vivek Ramaswamy to initially focus their push to cut government spending on Congress if ...The Hill - Jan. 2 -
China’s Hack of U.S. Treasury Breached Sanctions Office
The cyberattack reported earlier this week reached into the Office of Foreign Assets Control and the Office of Financial Research, sections of the agency that oversee economic penalties against ...Inc. - Jan. 2 -
Helsinki arena to reopen in spring after being left in limbo by Russian sanctions
Finnish real estate company says deal for sports and entertainment venue will restore it to its former glory. Helsinki’s main sports and entertainment arena is expected to reopen in the spring ...The Guardian - Jan. 2 -
Chinese government hackers targeted US Treasury office that administers sanctions – report
Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research. Chinese government hackers breached the US ...The Guardian - Jan. 2 -
Here are 9 states cutting their individual income taxes on Jan. 1
Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.CBS News - Jan. 1 -
Russian and Iranian groups face sanctions over election disinformation
The U.S. has imposed sanctions on two groups linked to Russian and Iranian disinformation campaigns targeting this year's election.CBS News - Dec. 31
