Signage is seen outside of the Commodity Futures Trading Commission headquarters in Washington, Aug. 30, 2020. Andrew Kelly | Reuters The White House has vetted candidates for the four open commissioner positions at the Commodity Futures Trading Commission, three people with knowledge of the matter told CNBC. When — or if — the White House…
President Donald Trump speaks with the new chairman of the Federal Reserve, Kevin Warsh, after a swearing-in ceremony in the East Room of the White House, in Washington, May 22, 2026. Anna Moneymaker | Getty Images Ten days ahead of a meeting in which the Federal Reserve will likely consider raising interest rates, the Trump…
The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
Satellite view of Kharg Island, located in the Persian Gulf off the coast of Iran. Gallo Images | Gallo Images | Getty Images U.S. forces struck three Iranian crude oil carriers Saturday after U.S. Central Command said the Islamic Revolutionary Guard Corps launched ballistic missiles toward two Navy warships in the region. CENTCOM said it…
The Federal Reserve should cut interest rates to make homes more affordable, Vice President JD Vance said Thursday, adding to the pressure President Donald Trump has placed on the central bank to cut borrowing costs. The remarks came days after Trump’s handpicked Fed chair, Kevin Warsh, hinted at the possibility of doing the opposite: addressing…
The trendy Hillcrest neighborhood of San Diego, California, was the backdrop for violent acts and hate crimes. Business owners had enough. The Hillcrest Business Association‘s members in 2024 began paying a third-party service around $400,000 annually for eight hours of unarmed security guard patrol each day. The association plans to add about $150,000 to the…
The price of diesel fuel hit a record Friday as the wars in Ukraine and Iran knock out refineries, triggering a global supply crunch. Truckers in the U.S. are paying an average of $5.85 a gallon nationwide, a nearly 60% increase over the same period last year when diesel cost $3.71 a gallon. In California,…
A 49.5 megawatt three-level data center under construction in Vernon, California, July 8, 2026. A surge in demand for artificial intelligence infrastructure is fueling a boom in data centers across the country. Mario Tama | Getty Images News | Getty Images Policies from President Donald Trump‘s administration are helping keep bond yields higher despite the…
U.S. President Donald Trump speaks during an executive order signing in the Oval Office of the White House on September 04, 2026 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images President Donald Trump said Friday that he plans to spend as much as $500 million from his political operation to help…
Former Olympian David Hearn after his arrangement at Moultrie Courthouse on July 09, 2026 in Washington, DC. Finn Gomez | Getty Images A Washington judge on Friday said he will rule quickly on whether to dismiss a now-discredited indictment charging former U.S. Olympic canoeist David Hearn with vandalizing the Lincoln Memorial Reflecting Pool with prejudice,…
