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The movement of oil out of the Middle East is reportedly above pre-conflict levels, but so have attacks on vessels in the Strait of Hormuz amid escalating tensions between the U.S. and Tehran. Shipping Data Shows Surge in Oil Movement According to a report by Reuters on Monday, which cited provisional estimates from th
Treasury Secretary Scott Bessent says the President Donald Trump -led Operation Economic Outcast, which focuses on imposing trade restrictions on Iran, has sharply curtailed Tehran’s ability to move oil through tankers, despite top Iranian officials reaffirming control over the Strait of Hormuz. Scott Bessent Says Trum
President Donald Trump said the United States should not deepen artificial-intelligence cooperation with China if doing so risks eroding America’s technological advantage, even as Washington and Beijing maintain a new channel for discussing AI risks. Trump Warns Against Deeper China Cooperation "We’re leading by a lot.
Sen. Ted Cruz (R-Texas) warned that the U.S. faces a pivotal race with China for AI dominance, arguing that the winner could determine both the technology’s economic impact and the values embedded in its development. Cruz Warns of China AI Dominance On Monday, Cruz said in a post on X that the U.S. and China are engage
Germany Issues EU Budget Ultimatum To Axe Billions In Planned Spending - Europe s LNG Shift Is Breaking The Economics Of Gas Storage - US Warns Houthi Ties With Al-Shabaab Threaten Red Sea Trade - Oil Prices And US Treasury Yields Show Tightest Relationship Since 1990 - Gold Trades Near Seven-Week Low As Rate-Hike Pres
The Committee for a Responsible Federal Budget warned that the U.S. is “entering a debt spiral” as interest rates on new Treasuries run above expected economic growth. CRFB said last week that rates on new Treasury bonds and notes are around 5%, while medium-term nominal economic growth is expected to be closer to 4%.
Treasury Secretary Scott Bessent predicted that Iran’s remaining oil exports to China will conclude within the next two weeks, effectively leaving Iran in economic isolation. Bessent, in an interview with Fox News on Sunday, revealed that only approximately 15 million barrels of Iranian oil remain for delivery due to t
On Friday, Sens. John Cornyn (R-Texas), Dave McCormick (R-Pa.), John Fetterman (D-Pa.) and Ruben Gallego (D-Ariz.) introduced legislation that would prevent the federal government from using optical transceivers made by Chinese companies Eoptolink and Zhongji Innolight in sensitive systems. US Bill Targets Chinese AI D
Aviation trade group Airlines for America, which represents airlines like Delta Air Lines Inc. (NYSE: DAL ), United Airlines Holdings Inc. (NASDAQ: UAL ), American Airlines Group Inc. (NASDAQ: AAL ) and more, has urged the Trump administration to reject additional China-U.S. flights, warning that Airlines could face co
Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman warned of the potential risks posed by artificial intelligence at the United Nations Security Council on Wednesday, calling for greater international cooperation to manage increasingly capable AI systems. What Did the AI Tycoons Say? Altman called for coordination be
U.S. stock futures were mixed on Tuesday, as the Dow Jones and S&P 500 indices rose and the Nasdaq 100 index fell, following Monday’s higher close. U.S. Treasury Secretary Scott Bessent announced that Iranian airlines will be "shut down" worldwide by Wednesday, warning foreign entities that providing fuel or landing se
Global banks, including Standard Chartered (OTC: SCBFY ) and Citigroup Inc. (NYSE: C ), processed over $6.9 billion from a Russia-backed financial firm that deceived its way into the international financial system through massive document forgery, according to a report. A7, a state-backed cross-border payment network d
On Monday, Sen. Bernie Sanders (I-Vt.) urged President Donald Trump and Chinese President Xi Jinping to negotiate an international agreement to pause advanced AI development and prohibit superintelligence. Sanders Warns AI Could Outpace Human Control Sanders took to X and said that scientists and technology leaders inc
Former Congresswoman Marjorie Taylor Greene has backed the President Donald Trump administration’s plan to cut down on diesel exports, but GasBuddy analyst Patrick De Haan warns the move could do more harm than good in the long term. Banning Diesel Exports is an America First Move In a post on X on Monday, Greene toute
U.S. Treasury Secretary Scott Bessent said Iranian airlines will be "shut down" worldwide by Wednesday as the Trump administration escalates economic pressure on Tehran. Bessent Threatens Dollar System Ban During an appearance on CNBC’s “Squawk Box” on Monday, Bessent said that Iranian airlines will be shut down. “If t
Trump Says He Is Open To Meeting Iran s Pres During UNGA Trump Warns He s Entered Deciding Mode On Iran, Big Things In Store Pakistan Interior Minister Visits Iran To Discuss Regional Situation Ukraine Fires Over 1K Drones At Russia; Largest Ever Moscow Attack Trump To Meet Zelensky As Russia-Ukraine Attacks Intensify
Oil Hits Over 1-week Low On Hopes Of Boost To Diplomacy In Iran War - Houthis Launch Missile At Saudi Capital In Escalation Of Hostilities - Iran Warns Against New Escalation By US And Its Allies - Ukraine s Zelenskyy Will Meet Trump During UN Events In New York - Russia Moves To Expand Drone Factory In Tatarstan - Bes
Amid escalating tensions with Iran, President Donald Trump is reportedly contemplating significant actions, including potentially "blowing the entire nation up." Trump in ‘Deciding Mode’, Says Report According to a Fox News report, Trump is in a “deciding mode” and hinted at major developments soon. The report further
Japan PM, BoJ Gov Ueda Did Not Meet Ahead Of The BoJ's Hike - Japan PM's Approval Rating Stays At 62% After Cabinet Reshuffle - China Keeps LPR Unchanged For 16th Month In September - US, China Begin Trade Talks In New York Ahead Of Trump-Xi Summit - Ukraine s Zelenskyy Will Meet Trump During UN Events In New York - Ru
President Donald Trump’s administration is reportedly facing a growing internal divide over artificial intelligence regulation, with advisers urging caution over AI risks while David Sacks and major tech executives push for a lighter regulatory approach. White House Officials Raise AI Security Concerns The disagreement
Saudi Arabia’s crucial East-West oil pipeline, which was shut down due to Iran-backed attacks, is set to restart operations soon, according to Energy Secretary Chris Wright. Wright, in an interview with CNBC on Tuesday, on the sidelines of the G20 energy officials’ meeting in Houston, said the pipeline’s closure is a “
China said it hopes to implement reciprocal tariff reductions with the United States at an early date, as negotiators work on cuts covering $30 billion of goods from each side. The report says the talks are tied to the planned Sept. 24 Trump-Xi summit in Washington.
Paul Krugman wrote that rising borrowing costs are a worldwide phenomenon tied to a surge in AI investment and corporate demand for funds. He said he does not think the Trump administration is responsible for high long-term rates and criticized Treasury Secretary Scott Bessent’s efforts to suppress yields.
Treasury Secretary Scott Bessent urged the Senate to advance the CLARITY Act and warned that failure could undermine U.S. leadership in digital assets. A procedural vote is set for Sept. 15, and the bill needs 60 votes, with an added ethics draft barring federal officials—including the president and vice president—from
Treasury Secretary Scott Bessent said the U.S. cannot afford to slow its AI race with China, arguing America must preserve its lead in chips, capital and infrastructure.
Iran and Oman are reportedly in the final stage of talks on a temporary safe route in the Strait of Hormuz, with Iranian officials saying an agreement could come in coming days.
Treasury Secretary Scott Bessent said oil could reach $40 to $50 a barrel after the Iran conflict ends, citing a surge in supply and a temporary energy shock.
The U.S. Mint began selling the Semiquincentennial President Donald J. Trump $1 Coin on Wednesday, pricing 25-coin rolls at $61 and 100-coin bags at $154.50. The product moved quickly to backorder status.
Sen. Chuck Schumer criticized President Donald Trump over rising gasoline prices, saying renewed U.S. strikes against Iran pushed oil higher and fueled concerns for American families.
Treasury Secretary Scott Bessent said Ukraine’s strikes on Russian energy assets and the Iran conflict are creating upward global price pressure during an energy shock.