Business

Bessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure

The Trump administration's plan to crush Iran's economy will likely negate the need for further U.S. military operations, Treasury Secretary Scott Bessent said.

NewNew Shipping Line sees significant business prospects in Murmansk Region

Chief Executive Officer Ke Jin said that Murmansk offers the best conditions thanks to the governor’s support and the fact that it is the only ice-free port in western Russia

Bessent suggests Treasury could intervene again in bond market: ‘We have a big tool kit’

U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longer-dated Treasury bonds.

The energy market’s rising ‘crack spread’ is threatening to break the American consumer

The energy market is sending a warning to cash-strapped consumers: Don’t expect prices at the pump to come down anytime soon.

Chinese company aims to increase Northern Sea Route shipments to 1.2 mln tons by 2027

NewNew Shipping Line intends to put six new container ships into service by the end of October this year

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned You could pin the US’s staggering $40tn in government debt to Donald Trump’s Keystone Cops-style governance. Tariffs he sold as a new…

Bessent says Treasury buyback operation could be more than $4 billion

Walmart shares tumble as sales growth slows to six-year low

Retailer to use almost $2.9bn in tariff refunds to deliver price cuts for squeezed American consumers

Several Big Brokerages Leave Customer Accounts Open to Theft, Senators Say

Senators Ron Wyden and Elizabeth Warren, ranking Democrats on the Finance and Banking Committees, have urged regulators to require brokerages to provide stronger customer protections.

US may halt exports of petroleum products this autumn — expert

Strategic reserves in the US are dwindling, and a new decision on releasing stocks to balance the market may be required in 78 days, Andrey Polishchuk said

Arctos agrees to buy 10% of Atlanta Falcons at $10.6 billion valuation, sources say

Private equity firm Arctos has agreed to buy 10% of the Atlanta Falcons in a deal valued at $10.6 billion, two sources told CNBC.

3D X-ray imaging unlocks the secrets of the narwhal's spiral tusk