U.S. revokes Iran oil sales authorization after tanker attacks
Economy

U.S. revokes Iran oil sales authorization after tanker attacks

The U.S. Treasury Department on Tuesday revoked its authorization of Iranian oil sales after a series of attacks on tankers in the Strait of Hormuz this week. “Iran will only reap benefits if they exhibit good behavior,” a U.S. official told CNBC, speaking on condition of anonymity to talk about private discussions. “Iran’s actions in […]

The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Economy

The Fed has a big interest rate decision coming Wednesday. Here’s what to expect

Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building in Washington, D.C. Andrew Caballero-Reynolds | AFP | Getty Images Inflation is stubbornly above target, the economy is growing at about a 3% pace and the […]

Japan’s Honda and Nissan to reportedly begin merger talks
Economy

Japan’s Honda and Nissan to reportedly begin merger talks

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via Reuters DETROIT — Japanese automakers Nissan Motor and Honda Motors reportedly plan to enter into negotiations for a merger to better compete in the rapidly […]

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms
Economy

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona, Spain, on October 8, 2024. Joan Valls | Nurphoto | Getty Images CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that the airline’s […]

SpaceX President Gwynne Shotwell to donate stock to Trump Accounts
Economy

SpaceX President Gwynne Shotwell to donate stock to Trump Accounts

SpaceX President Gwynne Shotwell announced she would donate to the Trump Accounts program on Monday, joining a growing list of companies and billionaires pledging to support the investment accounts for American children under 18. The gift, which includes shares of Shotwell’s and her husband’s SpaceX stock, will go to around 2 million Trump accounts, with […]