Treasury Secretary to announce Iran sanctions as Tehran dismisses economic warfare threat
Bessent told CNBC that the sanctions will be the "toughest" in history.

Bessent told CNBC that the sanctions will be the "toughest" in history.
Oil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.
Democrats are currently favored to win a majority in the House of Representatives after November's elections.
United Airlines CEO Scott Kirby talked to CNBC in a wide-ranging interview about his proposed airline megadeals, AI and the future of the carrier.
Analysts are bullish on the prospects of several stocks due to their long-term growth potential and exposure to lucrative areas, such as artificial intelligence.
President Donald Trump disclosed just over 1,000 financial transactions in the month of June in what appears to be broad reshuffling of his portfolio.
Nvidia reports earnings, and Fed Chairman Kevin Warsh is set to deliver his first Jackson Hole speech.
From McDonald's to Wendy's, longtime Coke customers have been expanding their beverage offerings to boost their profit margins.
Money is flooding into equal-weight stock market ETFs this year. Investing experts say it's not a fad.
Humanoid robots still struggle to perform as efficiently as humans in most labor scenarios.
Asia’s hydrogen train push may be less about rail and more about building a broader hydrogen economy.
The stakes are incredibly high for the U.S. to maintain its lead in data centers. It seems to be getting harder and harder in this election year.
The U.K. government says the incident did not pose a risk to the country's energy system, adding that it briefed CEOs of companies in the sector with advice.
A new survey shows even a $500 unexpected expense may throw households off track when it comes to big life goals like saving for retirement.
U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that the proposed economic measures will likely negate the need for major U.S. military operations.
Paramount and the California A.G. office are set to meet Monday to discuss a settlement of the antitrust lawsuit over Paramount's Warner Bros. Discovery deal.
Stocks took their cue from the bond market this week.
The chipmaker has told some of its largest customers that the prices of servers containing its AI chips could move more than 15% higher, Bloomberg News reported.
Japan's historic effort to prop up the yen may have had an unintended consequence: giving investors a better opportunity to put the carry trade back on.
Dr. Ronald Primas, a longevity physician, offers concierge services like developing personalized health plans for clients. Here are his own wellness practices.
Judge Yvonne Gonzalez Rogers has presided over a series of landmark tech trials and is now overseeing a case that could have a huge impact on Meta's future.
"Pizza Pod started with a pretty ridiculous idea: What if I could turn a tiny Smart car into a mobile pizzeria?" says founder Bradley Alvelo.
New Berkshire Hathaway CEO Greg Abel appears to be letting Warren Buffett and portfolio manager Ted Weschler make all the decisions on the company's equities.