Bessent move is sign debt crisis nearing, touts gold and bitcoin
Ray Dalio, founder of Bridgewater Associates, speaks during an interview with CNBC on the floor…
Bessent move is sign debt crisis nearing, touts gold and bitcoin
Ray Dalio, founder of Bridgewater Associates, speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 27, 2026. Brendan McDermid | Reuters Treasury Secretary Scott Bessent’s debt buyback announcement this week fits into a broader pattern that can signal a forthcoming crisis, according…
Tesla recalls cars in China over doorhandle safety, driver monitoring
Exterior view of the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. Go Nakamura | Reuters Tesla is voluntarily recalling about 3 million vehicles in China to address two separate safety issues, the latest setback for the company as it tries to remain a major player in the world’s largest…
Why U.S. brands like Nike and Starbucks struggle in China
China was once one of the most attractive and fastest-growing markets for many American brands. With its population of more than 1.4 billion people and massive opportunities for businesses, companies were racing to take advantage of the boon that China could offer. But in recent years, some consumer brands, including Nike, Starbucks and General Motors,…
Bessent’s bond buyback rally fizzles out
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 29, 2026. Brendan McDermid | Reuters Longer-dated U.S. government bond yields edged higher on Friday as investor jitters over the Treasury Department’s extended debt repurchase program and soaring national debt continued to hover over markets. The…
U.S. military aided passage of 660 million barrels of oil through Hormuz since May
The U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, Central Command told CNBC this week. The military has assisted about 1,300 commercial vessels sail through Hormuz over the same period, said U.S. Navy Capt. Tim Hawkins, a Central Command spokesperson, in…
Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
Ken Griffin of Citadel in a letter to clients on Friday addressed for the first time the firm’s purchase of assets from Leopold Aschenbrenner’s Situational Awareness hedge fund. According to a letter obtained by CNBC’s Sara Eisen, Griffin told clients that Citadel has unwound more than 80% of the aggregate risk from the original portfolio…
Trump to allow ground beef import without tariff
President Donald Trump on Friday morning said the United States will allow up to 300,000 metric tons of product for ground beef to be imported over the next three months without being subject to out-of-quota tariffs. Trump also said, “We have a commitment that this beef will be sold at 25 percent below current market…
Why vaccination rates are falling in the U.S.
A Medical Assistant gives a measles, mumps and rubella, vaccination to a young person at the pediatric office of Dr. Gary M. Kramer on Aug. 13, 2026, in Coral Gables, Florida. Joe Raedle | Getty Images Record measles cases and rising childhood vaccine exemptions in the U.S. have fueled concerns that Americans are increasingly turning…
U.S., Canada near final trade deal as Trump tariff deadline looms
Dominic LeBlanc (C), Canada’s minister in charge of US-Canada trade, arrives to meet with US Trade Representative Jamieson Greer at the headquarters of the Office of the United States Trade Representative in Washington, DC, on August 20, 2026. Mandel Ngan | AFP | Getty Images The U.S. and Canada have yet to announce a final…
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 penalty and damage to its advertising model. But the trial could go well beyond one company. It could…
