Bessent: ‘Very good chance’ U.S. budget deficit has peaked under Trump
Treasury Secretary Scott Bessent said Thursday there’s a «very good chance» that the U.S. budget deficit under President Donald Trump has likely peaked. «We are going to be laser focused,» Bessent told CNBC’s Sara Eisen in an exclusive…
Bitcoin on track for 20% weekly gain as investor optimism floods back
Bitcoin was on track for a weekly gain of around 23% Friday, following a spate of positive developments for the world’s largest cryptocurrency. Bitcoin was last seen at $77,226.96, up from $62,836.88 at the start of the week. Crypto-linked stocks…
No more doom scrolling? A Meta trial loss could reshape social media
Conceptual Portrait of Smartphone Addiction and Endless Scrolling. Marco_piunti | E+ | Getty Images This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Meta says it faces a trillion-dollar…
Longer-dated Treasury yields rise as Bessent’s bond buyback rally fizzles out
Longer-dated U.S. government bond yields steadied on Friday, as investor jitters over the Treasury Department’s extended debt repurchase program and soaring national debt continue to weigh on markets. Yields on the 30-year U.S. Treasury note, the…
Oil prices set for weekly rise as U.S. ups economic pressure on Iran
Oil prices eased Friday but remained on track for a second consecutive week of gains, as hopes of a swift reopening of the Strait of Hormuz continued to fade. U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that Washington will impose the…
Chinese humanoid robots face challenge of their own capabilities
Chinese consumer electronics company Xiaomi showed off its humanoid robot in Beijing at the World Humanoid Conference in August 2026. Evelyn Cheng | CNBC BEIJING — The big challenge for humanoid robots is still getting the technology to work well,…
Taiwan’s forecast of 11% GDP growth likely not sustainable: economists
The city skyline is seen with the landmark Taipei 101 building from a lookout point on Elephant Mountain in Taipei on April 14, 2025. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty Images The Taiwanese…
‘Perfect storm’ brews for global food supply as grain prices soar
In an aerial view, farmers use combine harvesters to harvest a wheat field near the city of Bila Tserkva on August 4, 2023 in Kyiv Oblast, Ukraine. Ed Ram | Getty Images News | Getty Images Russia and Ukraine continue to attack one another’s port…
JD Vance says economic pressure is best way to meet objectives in Iran
U.S. Vice President JD Vance speaks to members of the media before boarding Air Force Two, after the U.S. and Iran held high-level talks at the Lake Lucerne Summit, at Emmen Military Air Base June 22, 2026 in Emmen, Switzerland. Nathan Howard | Getty…
U.S. bond intervention shifting problem into future: JPM’s Sullivan
The JPMorgan Chase & Co. global headquarters building in New York, Jan. 20, 2026. Michael Nagle | Bloomberg | Getty Images The U.S. government’s efforts to manage pressure in the Treasury market may merely shift the problem down the road as a…