Browsing Category
Politics
Wall Street pitches data centers as real estate bet. Risks are rising
Aerial view of portion of the 928-acre QTS Fayetteville Data Center complex, in Fayetteville, Georgia, U.S. July 17, 2026. Elijah Nouvelage | ReutersData centers have divided America. The ire of everyday citizens continues to increase…
Tanker attacks in Strait of Hormuz surge to wartime high
Oil tankers transiting the Strait of Hormuz are coming under fire almost daily, as Iran escalates its attacks in an effort to choke off a rebound in crude exports. Eleven tankers came under attack while transiting Hormuz during the week…
Trump-Putin diesel deal contradicts Russia sanctions law, critics say
President Donald Trump's Friday announcement that Russia will supply diesel fuel to the global market marked an apparent pivot from recent efforts to pressure Moscow to end the Ukraine war by targeting Russian energy exports.Trump…
Americans’ debt problems are flashing a warning not seen since the Great
The ability of U.S. families to stay current on their debts worsened over the past three years, hitting levels not seen since the aftermath of the global financial crisis, the Federal Reserve reported Friday.In the central bank's Survey…
Trump’s Fed Lisa Cook committee explained: What happens next
Federal Reserve Board Governor Lisa Cook speaks on "The Outlook for the Economy and Monetary Policy" at the Brookings Institution in Washington, D.C., U.S., November 3, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Friday…
Verizon, AT&T and T-Mobile sell off on SpaceX U.S. network plans
Telecommunications stocks sold off on Friday after Elon Musk's SpaceX announced an agreement to purchase a nationwide spectrum portfolio, aiming to expand its Starlink internet into mobile service.Verizon closed down 8.75% on the news,…
Trump Media advisor Katie Zacharia offered White House press secretary role
The White House has tapped Katie Zacharia, a lawyer and conservative commentator who works for Trump Media & Technology Group, to be its next press secretary, a White House official confirmed to CNBC.Zacharia, a self-described…
Trump strikes deal with Putin to supply Russian diesel to U.S. and global
President Donald Trump said Friday that Russian President Vladimir Putin has agreed to supply diesel to the global market, as fuel prices have surged due to a shortage of refining capacity. Russia will immediately supply 300,000 tons of…
China, Europe agree to cut Chinese hybrid vehicle exports by over half
BEIJING — European trade commissioner Maroš Sefčovič said Friday that China has agreed to halve its exports of hybrid cars to the bloc.Europe has called on China to voluntarily reduce hybrid car exports into the continent, but…
Hurricane Isaias disrupts U.S. oil production in Gulf of Mexico
Hurricane Isaias is disrupting U.S. crude oil production in the Gulf of Mexico and could limit about 2% of the country's refining capacity, at a time when fuel markets are already tight around the world. Isaias is churning toward…