Breaking News: Politics
Apple reportedly ups iPhone production in India as country’s Russia ties roil White House
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases. “We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.” Bessent accused India of “profiteering” […]
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Nvidia says it’s evaluating a ‘variety of products’ after report of new AI China chip
The Nvidia booth at the China International Supply Chain Expo in Beijing on July 16, 2025. Florence Lo | Reuters Nvidia said Tuesday that it is evaluating several products following a report that the company is working on a new artificial intelligence chip for China that is more powerful than the currently available H20. The […]
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Bessent says interviews for ‘incredible group’ of potential Fed chairs will start after Labor Day
Key Points Treasury Secretary Scott Bessent said he will begin interviewing candidates for Fed chair soon as the White House whittles down what has suddenly become a crowded field of 11 candidates. In a CNBC “Squawk Box” interview, Bessent repeated the administration’s desire for easing, saying it would help the moribund U.S. housing market. Source
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Trump promised Ukraine ‘security guarantees’: Here’s what they could look like
U.S. President Donald Trump greets Ukrainian President Volodymyr Zelenskyy at the White House, amid negotiations to end the Russian war in Ukraine, in Washington, D.C., U.S., August 18, 2025. Kevin Lamarque | Reuters On the face of it, talks on Monday between U.S. President Donald Trump and Ukraine’s President Volodymyr Zelenskyy and European leaders went […]
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California legislature passes bill that gives interest on insurance payouts to homeowners
An aerial view of properties cleared of wildfire debris which burned in the Eaton Fire on July 03, 2025 in Altadena, California. Mario Tama | Getty Images News | Getty Images The California state legislature passed a bill Monday that ensures homeowners, not lenders, receive at least some of the interest on insurance payouts for […]
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OpenAI’s Altman warns the U.S. is underestimating China’s next-gen AI threat
OpenAI CEO Sam Altman warned that the U.S. may be underestimating the complexity and seriousness of China’s progress in artificial intelligence, and said export controls alone likely aren’t a reliable solution. “I’m worried about China,” he said. Over Mediterranean tapas in San Francisco’s Presidio — just five miles north of OpenAI’s original office in the […]
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Trump Zelenskyy meeting expands Russia-Ukraine war talks to include Europe: Live updates
Zelenskyy Kellogg meeting ends Zelenskyy has finished his meeting with Trump’s Special Representative for Ukraine and Russia, Keith Kellogg, which took place in the last hour at the Hay-Adams Hotel across from the White House. “When peace is discussed for one country in Europe, it means peace for all of Europe. We are ready to continue […]
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Eli Lilly’s 170% UK price hike for Mounjaro is just the start as pharma firms bow to Trump’s pricing pressures
Key Points Pharma giants are navigating U.S. President Donald Trump’s demands to bring U.S. drug prices in line with other developed nations. Eli Lilly’s decision to hike Mounjaro prices in the U.K. could spark similar moves from other firms, analysts say. The U.S. consistently pays the most in the world for many prescription drugs. Eli Lilly ‘s […]
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Modi gives tax boon to India’s economy amid Trump tariff tensions
Narendra Modi, India’s prime minister, during the nation’s Independence Day ceremony at Red Fort in New Delhi, India, on Friday, Aug. 15, 2025. Bloomberg | Bloomberg | Getty Images Indian markets rallied on Monday as Prime Minister Narendra Modi’s recently revealed tax cuts extended a gift to a domestic economy that still faces the teeth […]
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Traders hope the Ukraine war could end soon. Experts say there’s no ‘quick fix’
A trader watches as U.S. President Donald Trump greets Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on the floor at the New York Stock Exchange in New York City, U.S., August 15, 2025. Brendan Mcdermid | Reuters Global […]
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