U.S. Treasurys steadied on Friday, as bond markets remained on edge after yields surged to multiyear highs during Thursday’s session. The 10-year U.S. Treasury note yield —the key benchmark for mortgage borrowing, auto loans and credit card debt — was flat in early trade at 4.9424%. The longer-dated 30-year Treasury bond yield, which is more sensitive to geopolitical risks,…
Energy prices will dictate whether the European Central Bank needs to hike interest rates into restrictive territory, Germany’s central bank chief told CNBC on Friday. “It’s very much dependent on how the energy prices evolve, how the price picture is evolving over the course of maybe the next month,” Joachim Nagel told CNBC’s Annette Weisbach…
U.S. diesel prices hit $6 per gallon on Friday for the first time ever, as fuel supply disruptions triggered by the Ukraine and Iran wars raises transportation costs across the entire economy. Truckers and farmers are paying about 63% more to fill up their semis and tractors than they did at this time last year,…
US President Donald Trump speaks at the National Medal of Honor Museum in Arlington, Texas on Sept. 10, 2026. Brendan Smialowski | AFP | Getty Images U.S. President Donald Trump said he has no regrets about starting the Iran war and added that “If I had it to do again, I would do exactly what…
The CEO of an Ant-backed humanoid robotics startup has published a letter to OpenAI in Chinese that raises questions about technical and design similarities between the two companies’ recent models. “People often say major tech companies have intelligence networks monitoring the whole internet, this time I believe it, this is a direct distillation of us…
BEIJING, CHINA – NOVEMBER 18: A general view of the Ministry of Finance (MOF) on November 18, 2024 in Beijing, China. Visual China Group | Getty Images Beijing’s recent push to tax the offshore wealth of its citizens may be only the opening phase of a broader campaign for income from the holdings of China’s…
08 September 2026, South Korea, Seul: Gilberto Teodoro (right), the Philippine Secretary of Defense, is participating in the Seoul Defense Dialogue. Thomas Maresca | Picture Alliance | Getty Images China-Philippines relations took a fresh hit after Beijing warned Manila to stop “theatrics,” following a top government official’s sharp rebuke to China at a recent defense…
White House National Economic Council Director Kevin Hassett held between $1 million and $5 million worth of shares in crypto giant Coinbase at the end of 2025, as President Donald Trump’s administration rapidly rewrote federal cryptocurrency policy. Hassett’s previously unreported 2025 annual financial disclosure lists the investment as vested Coinbase shares. He formerly worked as…
New Apple CEO John Ternus holds the new foldable iPhone Duo during Apple’s event at the Steve Jobs Theater in Cupertino, California, U.S. Sept. 9, 2026. Carlos Barria | Reuters Apple‘s first folding phone is getting a tepid response Chinese consumers that are focused more on how much it costs versus existing foldables from domestic…
U.S. Treasury Secretary Scott Bessent speaks during a “fireside chat”, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, U.S., September 1, 2026. Sam Wolfe | Reuters “A large bank” will be sanctioned by the U.S. next week, U.S. Treasury Secretary Scott Bessent said Thursday. “We’re going to do it…
