U.S. seeks to seize $61 million of crypto it claims are proceeds from Iranian petroleum sales to Chinese buyers
US Top News and Analysisby Lim Hui Jie·25d ago
The U.S. has filed a civil forfeiture complaint against $61 million in cryptocurrency that it alleges proceeds from black-market sales of sanctioned Iranian crude oil and petroleum products.
10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise
US Top News and Analysisby Lee Ying Shan·25d ago
The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve's interest-rate decision.
Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
US Top News and Analysisby Lee Ying Shan·25d ago
Oil prices and Treasury yields are moving in a tight lockstep, compounding the pressure on markets as investors grapple with worries over higher inflation.
CNBC's The China Connection newsletter: Tech controls expand to employees
US Top News and Analysisby Evelyn Cheng; Anniek Bao·25d ago
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses.
Broadcom CEO addresses Anthropic's slowdown push, says AI revenue targets haven't changed
US Top News and Analysisby Alexa LoMonaco·25d ago
Broadcom CEO Hock Tan on Monday brushed off concerns about what a potential slowdown in frontier AI model development could mean for the chipmaker's business, telling CNBC that the company stands...
Mitch McConnell returns to Senate after three-month health absence
US Top News and Analysisby Luke Fountain·25d ago
Sen. Mitch McConnell, R-Ky., returned to the Capitol on Monday after a three-month absence following a fall that left him hospitalized and out of public view for 92 days.
Treasury hits Russia's VTB Bank with new sanctions over Iran ties
US Top News and Analysisby Kevin Breuninger·25d ago
The Treasury Department on Monday announced new sanctions on Russia's state-controlled VTB Bank as part of its effort to economically isolate Iran by targeting its business partners and other...
Warren to rip Clarity Act on Senate floor ahead of key preliminary vote
US Top News and Analysisby Garrett Downs·25d ago
Senate Banking Committee ranking member Elizabeth Warren will rip the cryptocurrency market structure bill known as the Clarity Act in a Monday night speech, as the Senate prepares for an...
Apple releases test of redesigned Siri AI before iPhone 18 hits stores this week
US Top News and Analysisby Kif Leswing·26d ago
Apple on Monday released a new version of the iPhone software called iOS 27, which includes the company's redesigned Siri AI personal assistant, before the latest iPhones hit store shelves this...
Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
US Top News and Analysisby Jeff Cox·26d ago
Federal Reserve Chairman Kevin Warsh faces a tricky head count this week when he and his fellow policymakers decide on both the immediate and future path of interest rates.
Which matters more to stocks: the bond market or AI risks? The volatility gauge might offer an answer
US Top News and Analysisby Oliver Renick·26d ago
When it comes to two of the main threats to the U.S. stock market right now, traders in the options pits are making it clear which boogeyman is scarier and and potentially more disruptive to the AI...
The stock market could do something strange this week after the Fed decision
US Top News and Analysisby Sarah Min·26d ago
This week, the stock market could do something unusual: rally on a rate hike. Wall Street is expecting that the Federal Reserve will raise rates this week after Chairman Kevin Warsh's tough speech...
Warsh's credibility is on the line this week as Trump policies put pressure on Fed to hike
US Top News and Analysisby Steve Liesman·26d ago
Before President Donald Trump reels off angry Truth Social posts if the Federal Reserve hikes rates this week, he should look in the mirror: His policies are a big reason the central bank has to...
As the oil surge continues, trader Mike Khouw sees more upside in this surging name
US Top News and Analysisby Michael Khouw·26d ago
There's a new crude reality on Wall Street. If you want to know where stocks are going, look no further than the oil market.
Ukraine says it's open to halting attacks on Russian energy after Trump's claims of deal
US Top News and Analysisby Kevin Breuninger·26d ago
Ukraine is willing to halt attacks on Russian energy targets if Russia abides by a deal to do the same, Ukrainian President Volodymyr Zelenskyy said Monday.
The Fed is likely to raise interest rates as inflation persists. What that means for consumers
US Top News and Analysisby Jessica Dickler·26d ago
Market-watchers expect the Federal Reserve to raise the target federal funds rate by one-quarter of a percentage point on Wednesday amid rising energy prices and prolonged tensions with Iran.
Trump says no need for more AI regulation, slams Anthropic CEO Dario Amodei
US Top News and Analysisby Kevin Breuninger; CJ Haddad·26d ago
President Donald Trump on Monday pushed back on growing calls for greater regulation of artificial intelligence, and lashed out at Anthropic CEO Dario Amodei following his urgent plea for an AI...
Car ownership costs an average of $5,851 a year on top of auto loan payments, analysis finds
US Top News and Analysisby Sarah Agostino·26d ago
Car shoppers often focus on the sticker price and monthly payment, but those are only the start of the costs they face. Drivers in the U.S.
India’s retail inflation hits 4.8% in August, rises for 10th straight month
US Top News and Analysisby Priyanka Salve·26d ago
India's consumer price inflation rose to 4.82% in August from 4.45% in July, adding to pressure on the country's central bank to raise key benchmark rates.
College students feel more pressure to be perfect. Experts explain why
US Top News and Analysisby Gili Malinsky·26d ago
As they navigate their newfound freedom, today's college students might be forming an unexpected and potentially unhealthy habit: perfectionism. Researchers in Canada and the U.K.
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