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."
Palantir jumps 16% 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.
Wayfair stock jumps more than 15% 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.
Trump and Republicans brand Democrats ‘communists’ amid progressive push
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
McDonald's earnings beat estimates, chain announces new U.S. head to accelerate growth
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.
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.
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.
Kalshi strikes partnership with compliance tech firm to help companies police insider trading
The company will announce a partnership with Comply, a compliance technology company, on Tuesday, Kalshi told CNBC.
Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen
Treasury Secretary Scott Bessent wants to defend the yen without selling Treasurys into a sensitive U.S. bond market. The Federal Reserve could help.
BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’
The result come after U.S. President Donald Trump lashed out at Big Oil for making "too much money" off higher fuel prices amid the Iran war.
Jim Cramer's top 10 things to watch in the stock market Tuesday
Stock futures are up as oil prices slide on hopes that a U.S.-Iran deal to reopen the Strait of Hormuz could be near.
Larry Berg named next Major League Soccer commissioner
Larry Berg will take over as MLS commissioner from Don Garber next year. He will sell his stake in Los Angeles FC.
Palantir's Karp renews attacks on frontier AI labs that are 'trying to drug addict us'
Karp said Chinese models can't be blamed for distilling U.S. models when the frontier labs "distilled all the value of IP, everywhere."
Jim Cramer says the market has warmed up to Big Tech's AI spending. Here's what flipped the switch
Cramer said Amazon CEO Andy Jassy finally explained how Amazon's massive AI spending will generate long-term returns.
Manufacturing survey shows inflation worries 'worse than pandemic era,' adding to Fed pressure
The commentary pointed to a highly volatile environment in which purchasing managers were struggling to stay ahead
Twenty five states sue Trump administration over latest global tariffs
Twenty five states sued the Trump administration, arguing its latest global tariffs unlawfully replace duties already struck down by courts.
White House to host AI companies Tuesday to review new model-testing framework
President Donald Trump’s June executive order directed officials to develop a process to evaluate the cybersecurity capabilities of advanced AI models.
Apple launches fresh legal challenge against UK encrypted data access demand
The filing comes a year on from the U.K. dropping an initial demand for access to British and American user data from Apple.
Michigan confirms first two deaths in cyclospora outbreak
The Michigan Health Department said that both individuals had underlying health conditions.
Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply
The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.