Trump threatens 'Economic D-Day' for Iran and ‘tremendous’ consequences for its backers
The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.
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Trump says Iran's economy is collapsing. A former central bank adviser in Tehran pushes back
Iran's economy is deteriorating under the weight of mounting sanctions, but far from unraveling, a former adviser to Iran's central bank told CNBC.
Trump scaling down U.S.-South Korea drills could risk more than just joint military readiness
The move by Trump also will start to raise questions about the credibility of Washington's commitment to alliances.
Trump touted a deal to avert new tariffs on Canada. Here's what we know so far
Trump's new tariffs on about $20 billion worth of Canadian goods were set to take effect Wednesday, but were postponed by three days.
Bessent moves to curb Treasury yields, putting new pressure on Warsh's Fed
Treasury's move to buy back more long-term debt cooled a bond selloff, but economists warn it could raise new inflation and independence questions for the Fed
DOJ cites Comey's novel in urging judge not to toss ‘86 47' seashells threat to Trump case
"There is no serious dispute that an objective viewer of Comey's post could read it to mean 'Kill President Trump,'" prosecutors said.
UAE severs trade with Iran after reported missile strike
Washington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.
Zelenskyy faces challenge to his wartime rule as former defense chief calls for election
Former Ukraine Defense Minister Mykhailo Fedorov has called for wartime elections, saying Kyiv must restore its democratic process despite the ongoing war.
Trump pauses 50% scheduled tariffs on Canada for three days, announces 'deal' with Ottawa
Trump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts.
Nukes all around? A fraying U.S. nuclear umbrella is pushing allies to weigh defense options, raising risk of a proliferation cascade
As countries take more responsibility for their own defense and nuclear states step back from arms-control commitments, the question of proliferation arises.
Trump says no talks scheduled with Iran as he teases action in Hormuz Strait
Trump insists the U.S., not Iran, is in control of the strait, even though transiting vessels continue to come under attack and few attempt the crossing.
Data centers, crypto, and tax revisions take center stage in Tuesday primaries
Incumbent Republican Sen. Dan Sullivan of Alaska is facing a serious challenge from former Democratic Rep. Mary Peltola.
South Korea must brace for ‘worst-case scenario,’ President Lee says, as Trump cuts military drills
The annual exercises, are defensive and not intended to attack North Korea or raise tensions on the peninsula, Lee said.
L3Harris ousts CEO Chris Kubasik over unspecified 'conduct,' stock drops 4%
Chris Kubasik was ousted as Lockheed Martin's incoming CEO in 2012 after what that company called a "close personal relationship with a subordinate employee."
Supreme Court again rejects Trump bid to overturn E. Jean Carroll verdict
President Trump was held civilly liable in the case by a New York federal jury for defaming and sexually abusing the writer E. Jean Carroll.
Luigi Mangione pleads guilty in federal case related to UnitedHealthcare CEO killing
Mangione's lawyers argue his federal plea bars his prosecution for murder in state court for Brian Thompson's slaying due to New York's double jeopardy law
Top U.S. commander acknowledges mental health issues on USS Lincoln
Cooper's visit and statement come after reports of widespread morale and mental health concerns aboard the Lincoln.
Russia targets Danube port after one of Ukraine’s largest aerial attacks of the war
Russia struck port infrastructure in Ukraine’s Odesa region, damaging a Togo-flagged civilian vessel near Izmail after Kyiv launched a major drone attack on Moscow.
Trump family-backed crypto firm World Liberty gets conditional bank charter approval
The OCC conditionally approved World Liberty Trust Co.’s national trust bank charter. That would allow the Trump family-backed firm to issue stablecoins.
U.S. to use economic tactics on Iran 'that have never been seen'; Navy works to relieve troubled carrier USS Abraham Lincoln
The Trump administration is ratcheting up rhetorical pressure on Iran as the military conflict in Iran appears mired in a strategic stalemate.
Trump asks Supreme Court to let White House ballroom construction continue
President Donald Trump tore down the White House East Wing to make way for the ballroom project.
Wisconsin, Michigan primaries expose limits of polls and prediction markets
It's the second time in just over a week that polls and prediction markets' odds were off, following a miss in the Democratic U.S. senate primary in Michigan.
Trump ally Nigel Farage wins special election to return to UK parliament
Farage stepped down last month to trigger the vote, branding it a fight against "the establishment," amid controversy over his finances.
Mamdani's NYC pied-à-terre tax can continue rollout during court appeal
The tax championed by Mayor Zohran Mamdani has drawn the ire of President Donald Trump, who said it must be stopped and vowed to explore federal options.
Kennedy Center board votes to put Trump name on facade despite court order
President Donald Trump's name was removed from the Washington, D.C., performing arts center in June as the result of a lawsuit by an Ohio congresswoman.
Trade court upholds Trump's closure of 'de minimis' loophole
President Donald Trump in a Truth Social post celebrated the continued closure of the deminimis exemption as a "BIG WIN."
Democrats demand Trump reveal stock managers, explain suspicious trades
Warren and Garcia said they sought answers from Trump to inform their work on potential legislation to ban presidents from owning individual stocks.
Luigi Mangione expected to plead guilty in federal stalking case related to health insurance CEO killing: Report
Luigi Mangione is separately charged in New York state court with murdering UnitedHealthcare CEO Brian Thompson in December 2024.
Iran looks to ramp up economic alliance with BRICS nations as war with U.S. drags on
Iran’s central bank chief said Thursday that the country is set to join the BRICS New Development Bank.
Trump sued over Truth Social advance access sale
The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump's posts on his own social media site often move financial markets.
Trump says Karoline Leavitt resigning as White House press secretary
Leavitt, the youngest White House press secretary ever, gave birth in May to a girl, her second child.
Houthi attack kills six in Red Sea; Trump slams Iran as hopes for Hormuz Strait deal dim
After the incidents in Bab el-Mandeb and the Gulf of Oman, President Donald Trump on Truth Social wrote of the Strait of Hormuz, "I THINK WE WILL KEEP IT!"
Pakistan signals progress on U.S.-Iran deal as Washington and Tehran trade reparation demands
Washington and Tehran remain far apart even as both sides talked of winding down regional hostilities.
Hong's defeat in Wisconsin deals blow to rising Democratic socialists
Progressive Democrats keep their winning streak rolling in Minnesota.
Trump says NYC pied-à-terre tax 'must be stopped,' eyes federal block
Trump in a Truth Social post called Mamdani's pied-à-terre tax a "dangerous political 'experiment' in New York will destroy" the city and state.
Democrats clash again in Minnesota and Wisconsin primaries as big midterm races take shape
In Minnesota, progressive Lt. Gov. Peggy Flanagan and moderate Democratic Rep. Angie Craig are competing for the nomination to succeed the retiring Sen. Tina Smith.
Trump Media posts $238 million second-quarter loss as crypto declines
TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump's posts.
Trump extends limited waiver of shipping law to keep oil flowing in U.S. amid Iran war
The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
Trump says he spoke recently to Fed Chairman Warsh, denies regular calls
The president said he had recently been in touch with the Fed chairman, but denied regular contact amid concerns about central bank independence.
Trump’s foreign licensing business booms to $59.5 million as Gulf developers pay
Nearly two-thirds of Trump’s foreign licensing fees came from two Gulf developers, in the UAE and Qatar, including one pursuing a $20 billion U.S. expansion.
Trump signals shift to economic pressure as Iran hardens stance over Strait of Hormuz
The escalating tally underscores how far the two sides remain from resolving a crisis that has choked the Strait of Hormuz for more than five months.
House Dems call for AI companies to testify on recent hacks: ‘Clear risk to safety’
A group of House Democrats is calling on leaders of Anthropic, OpenAI and other AI companies to testify in Congress about recent hacking incidents.
Max Miller stays in Ohio House race as GOP ballot deadline passes
Rep. Max Miller is set to remain the Republican nominee in Ohio’s 7th District after the window for the GOP to replace him on the November ballot closed.