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Bessent dared the markets to ‘bet against’ him. Bond traders did — and appear to be winning.
17+ hour, 39+ min ago (38+ words) NBC News Treasury Secretary Scott Bessent appears to be losing a tug-of-war with the bond markets he is also trying to influence....
Your health insurance bills are about to go up
1+ day, 19+ hour ago (1130+ words) Most Americans can expect to pay significantly more each month for health insurance next year, whether they get it through work, Obamacare or Medicare. In some cases, the premium increases may be the largest in decades and are driven by…...
House Democrat asks regulators to investigate Tesla over sleeping drivers
4+ day, 3+ hour ago (36+ words) NBC News A House Democrat called on the Trump administration on Wednesday to investigate Tesla drivers intentionally falling asleep at the wheel of their moving cars....
Apple announces new phones in first event under CEO John Ternus
4+ day, 13+ hour ago (173+ words) Apple opened its annual fall product event on Wednesday with a series of iPhone updates, the first launch presentation led by John Ternus since he took over as CEO from Tim Cook on Sept. 1 — and the company is expected to…...
Bessent’s move to tamp down rising rates backfires as bond yields jump, stocks tumble
4+ day, 14+ hour ago (656+ words) Bonds sharply sold off and stocks tumbled Wednesday after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired. At 11 a.m. ET, the Treasury Department announced that it would repurchase $6 billion worth of 10- to…...
Singapore man in U.S. pleads guilty to orchestrating $240 million bitcoin theft
4+ day, 15+ hour ago (331+ words) Morning Rundown: Oil hits $100 a barrel, clashing map rulings fuel Missouri election chaos, and two American men reach U.S. Open semifinals WASHINGTON — A 22-year-old man pleaded guilty on Tuesday to teaming up with friends to steal nearly a quarter-billion dollars in…...
Trump escalates trade war with Canada, moving to ban the import of some autos, dairy and alcohol
5+ day, 2+ hour ago (712+ words) President Donald Trump on Tuesday moved to sharply escalate the trade war with Canada, seeking to block the import of some autos, dairy products and alcohol. In a call with reporters, senior Trump administration officials said that the move was…...
Fuel prices at record Labor Day high in U.S. due to Iran war and refinery issues
6+ day, 23+ hour ago (595+ words) Morning Rundown: DOJ’s civil rights unit tasked with voter fraud and 5 dead after cargo plane crashes It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day…...
Maria Bartiromo’s lawyer says she was not fired from Fox News
1+ week, 2+ day ago (366+ words) DEVELOPING: Judge gives Lindsay Clancy’s defense an hour to appeal his plan to declare a mistrial Maria Bartiromo’s lawyer on Friday said that the Fox News and Fox Business anchor was not fired from the company where she worked for…...
Price of diesel hits all-time high as wars in Iran, Ukraine constrict global supply
1+ week, 2+ day ago (564+ words) The price of diesel fuel hit an all-time high Friday as wars on two continents and a global refinery shortage combined with higher seasonal demand to push prices upward. The average nationwide price was $5.85 per gallon, up from $5.78 on Thursday,…...