Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images Most people don’t know and don’t have much reason to care what a currency…
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. The…
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. Andy Wenstrand | Sxsw Conference & Festivals | Getty Images International Business Machines CEO Arvind Krishna told CNBC on Wednesday that the Iran war and other geopolitical uncertainty are leading the company to guide cautiously. IBM beat analyst first-quarter…
Milan Markovic | E+ | Getty Images The average tax refund is 11.2% higher this season, compared with about the same period in 2025, according to the latest IRS filing data. As of April 10, the average refund amount for individual filers was $3,397, up from $3,055 about one year ago, the IRS reported on Friday. The IRS data…
US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, DC, on April 15, 2026. Brendan Smialowski | Afp | Getty Images After filing your 2025 tax return, there’s plenty of time for 2026 changes that could improve your situation for next season, experts say….
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential relationships in Asia…
Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic‘s Mythos model, CNBC confirmed Friday. The bank heads were already in Washington, D.C., for a Financial Services Forum board meeting when a special gathering was called on Tuesday…
Vice President JD Vance and Treasury Secretary Scott Bessent last week questioned leading tech CEOs about the security of artificial intelligence models and how to respond to cyber attacks before Anthropic released its new Mythos model, CNBC has learned. The meeting occurred over the phone, according to a person familiar with the matter who asked…
Antonio Garcia Recena | Moment | Getty Images The average tax refund is about $350 higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 27, the average refund amount for individual filers was $3,521, up from $3,170 roughly one year ago, the IRS reported on…
Tunyada Kongkapan | E+ | Getty Images A growing number of filers are facing tax refund delays amid a government-wide phaseout of paper checks. House Ways and Means Committee Democrats this week sent another letter to Treasury Secretary Scott Bessent, with “additional concerns” about roughly 1.4 million IRS notices sent to filers about refund delays…
