The Treasury Department will oversee Iranian funds when they are released under President Donald Trump‘s interim Iran agreement, Treasury Secretary Scott Bessent said Wednesday on CNBC’s “Squawk Box.” “A very large percentage of it will go to buy U.S. foodstuffs and medicines,” Bessent said, repeating what the president had said about how the unfrozen funds…
Russian President Vladimir Putin attends a wreath-laying ceremony marking the 85th anniversary of the Nazi Germany invasion into the Soviet Union in World War II on the Remembrance and Sorrow Day at the Tomb of the Unknown Soldier by the Kremlin wall in Moscow on June 22, 2026. Pavel Bednyakov | Afp | Getty Images…
An exhibitor demonstrates a Unitree Robotics G1 humanoid robot at the Humanoids Summit in Tokyo, Japan, on Friday, May 29, 2026. Kiyoshi Ota | Bloomberg | Getty Images Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market, saying the industry’s shift from demonstration to commercial deployment has proved faster than expected. The…
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17. Anadolu | Anadolu | Getty Images Oil extended losses during Asian trading hours on Wednesday as concerns over potential supply…
Andrew Feldman, co-founder and CEO of Cerebras Systems, holds the Wafer Scale Engine 3 chip at the Nasdaq MarketSite in New York on May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras said revenue almost doubled in the AI chipmaker’s first earnings report since its initial public offering last month. The stock fell…
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz under a large-scale evacuation plan backed by Iran and the United States, the International Maritime Organization said Tuesday. “We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these…
A pedestrian walks by a now hiring sign posted at a gas station on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global…
A cooling tower is seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. August 13, 2024. Megan Varner | Reuters The Energy Department announced Tuesday that it will provide $17.5 billion in loans to speed the deployment of 10 big nuclear reactors across the U.S. Energy Secretary Chris Wright said the loans…
Apollo is limiting investor redemptions in its main retail-focused private credit fund after withdrawal requests rose to 17% during the second quarter. The private markets giant said it will cap withdrawals at 5% of shares in the Apollo Debt Solutions vehicle, after investors rushed to pull out about $2.4 billion, or 16.8%, during the three-month period….
President Donald Trump speaks on the day he signs an executive order regarding quantum computing, in the Oval Office at the White House in Washington, June 22, 2026. Jonathan Ernst | Reuters President Donald Trump on Monday hedged when asked if he could guarantee that Iran would not use profits from oil sales to rebuild…
