Bessent's efforts in the Treasury market so far haven't worked. Here's what else he can try
Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.
U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
The security situation in Hormuz remains contested but the U.S. is helping oil get through the strait.
Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Matt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.
Trump to allow import of 300,000 metric tons of ground beef without tariff
Beef prices in the U.S have soared in 2026 due to a reduction in the nation's cattle herd.
U.S., Canada near final trade deal as Trump tariff deadline looms
Businesses have warned that Trump's new 50% duties could cripple U.S. their sales if they take effect.
Bitcoin on track for 23% weekly gain as investor optimism floods back
The flagship digital currency has enjoyed a strong week boosted by several contributing factors.
Why some of America's biggest brands are losing ground in China
Nike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.
'A delicate dance': JD Vance says economic pressure is the best way to achieve Washington's objectives in Iran
Vance said "what has been true over the last couple of weeks is they felt a lot more pressure than we have."
The Los Angeles Lakers sold for $12.5 billion. Here’s what every NBA team is now worth
The pending $12.5 billion Lakers sale would lift CNBC’s average NBA team valuation 21% to $6.68 billion, with the Warriors still No. 1.
How one Silicon Valley firm is seizing an opportunity from Premier League soccer's gambling ad clampdown
Premier League clubs have removed betting brands from shirt fronts, opening new sponsorship opportunities while bookmakers shift spending elsewhere.
International student enrollment falls amid tighter U.S. visa policies, reports show
Amid changes to student visa policies, colleges and universities are likely to see fewer international students enrolled this fall, reports show.
Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
Gold is rebounding as investors weigh U.S. debt concerns, a weaker dollar and stubbornly high Treasury yields.
Most Americans aren't anti-vaccine. They're uncertain — and that's a growing public health challenge
The bigger issue at hand may be that many Americans fall into a large, uncertain middle ground – neither firmly pro-vaccine nor staunchly opposed.
NATO member Romania scrambles F-16 fighter jets to destroy drone near critical European gas project
It comes weeks after Romania’s Air Force destroyed a Russian drone in its airspace.
Wall Street's existential crisis over perpetual futures — the 24/7 security on steroids — just got urgent
Perpetual futures, or perps, are shaking up exchanges as investors seek continuous access to trading.
Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data
Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data.
U.S. bond intervention is like 'paying your mortgage with your credit card,' JPMorgan's Sullivan says
The U.S. government's efforts to manage pressure in the Treasury market risk merely shifting the problem down the road, according to JPMorgan's James Sullivan.
Here are the top 10 things we're watching in the stock market Friday
Stocks are set for a higher open Friday following a nasty rate-driven pullback on Thursday
No more doom scrolling or Instagram Stories? A Meta trial loss could end the social media we know
"These trials are often compared to the Big Tobacco lawsuits of the 90s, and the outcome will likely be analogous as well," one analyst told CNBC.
New York unseats San Francisco as the top market for tech talent, CBRE reports
AI-related roles now account for nearly one-third of all tech-talent job listings in the U.S., per the new CBRE report.
Warsh faces Fed independence test as Bessent moves in on central bank's turf
Bessent’s effort to tamp down long-term Treasury yields could force Warsh to clarify how far the Fed should go in coordinating on bonds and the balance sheet.
Micron CEO: AI has 'totally changed' the equation for the boom-and-bust memory industry
Micron CEO Sanjay Mehrotra said on Thursday that AI has dramatically changed the memory business.
Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked
Treasury Secretary Scott Bessent said Thursday that there's a "very good chance" of the U.S. has seen its budget deficit peak under President Donald Trump.
Education Department recalculates student loan forgiveness counts, setting some PSLF borrowers back
Many borrowers pursuing Public Service Loan Forgiveness have recently learned that they're further away from debt cancellation than they'd expected.