Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement'
"We are in talks with the Iranians," the Treasury secretary told CNBC's "Squawk Box."
Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation.
Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling
The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.
Procter & Gamble will acquire supplements brand Thorne for $3.8 billion, CEO tells CNBC
P&G CEO Shailesh Jejurikar said the acquisition is a play to grow the company's health business on CNBC's "Squawk on the Street."
How the 'Baby iPhone' and an Apple supplier leak explain China's recent supply chain moves
In China's biggest electronics marketplace, Huaqiangbei, technicians don't have the parts to make exact copies of Apple's latest phones.
Why Michigan voters are hearing 'communist' as they vote Tuesday
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
New Jersey sues Amazon on antitrust grounds, alleging it unlawfully wielded its power over delivery contractors
The complaint alleges Amazon's third-party delivery model leads to lower wages, unfair working conditions and a lack of competition.
Blanche approved by Judiciary Committee, sending Trump's AG nominee to full Senate vote
Attorney General nominee Todd Blanche will still need to receive 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee.
Palantir jumps 30% on 'otherworldly' commercial revenue — here's what's driving the demand
"Our customers have declined to become vassal states of the language labs," Palantir's co-founder and CEO Alex Karp said after blowout second-quarter earnings.
Abdul El-Sayed, Haley Stevens square off Tuesday in Michigan Democratic primary
Michigan's Senate Democratic primary between Abdul El-Sayed and Rep. Haley Stevens is one of the most closely watched races of the midterm election.
Why Ford believes its 10.2% July U.S. sales decline was still a 'good' month
The July decline adds to a lackluster sales year for the automaker, with results off 9.7% compared with 2025.
Polymarket in talks for fundraising round at more than $20 billion valuation
The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.
AMD earnings are a key test for chips and momentum stocks. Here's what the options market is saying
As AMD prepares to report earnings Tuesday after the bell, market participants face a divergence between positive earnings results and negative price action.
Jim Cramer weighs the next move after massive rallies in two tech stocks
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Philadelphia Fed President Paulson content with rates at current level, but keeping an open mind
Paulson said voting with the majority last week wasn't a tough decision.
Foreigners are buying fewer U.S. properties, but luxury homebuilders still draw them in
Foreign buyers are pulling back sharply from U.S. residential real estate, in part due to a pullback among workers that would qualify for H-1B visas.
McDonald's names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
McDonald's new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.
Bessent says U.S. backed Japan’s yen intervention to help stabilize Asia
Treasury Secretary Scott Bessent said the U.S. bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets.
Wayfair stock jumps more than 25% as retailer posts strongest U.S. growth since 2020
Wayfair, a pandemic darling that's seen sales slow since lockdown orders were lifted, posted its strongest U.S. growth since 2020 during its second quarter.
McDonald's says its U.S. business is falling short as it announces new head of its largest market
McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
Pfizer tops estimates, hikes low end of revenue guidance on strength of Eliquis, other drugs
Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion previously.
Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
Can your tax preparer use AI without telling you? Some experts say IRS rules aren't clear
A debate is brewing among tax practitioners regarding whether using AI to prepare tax returns should require a disclosure to clients.
‘Last chance’: Bessent says Hormuz deal is in sight after Trump's warning on Iran talks
President Donald Trump has warned that the latest round of negotiations with Iran are the "last chance" to bring an end to the five-month conflict.