Politics

European banks in Russia face ‘awful lot of risk’, Yellen says

U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is…

Yellen sees no ‘showstoppers’ on G7 Ukraine loan backed by Russian asset earnings

U.S. Treasury Secretary Janet Yellen said on Friday that she does not see “any showstoppers” in her discussions with fellow…

Texas Republicans confab hints at how GOP breakup with corporate America could play out

Abraham George is about to take the helm of the Republican Party of Texas (RPT) at a time with the…

Truth Social struggles to grow its U.S. user base, new data on Trump Media app shows

Nearly two-and-a-half years after its launch, Truth Social is struggling to hang onto its small U.S. user base, according to…

FDIC did not report allegations of senior officials’ misconduct ‘in a timely manner,’ watchdog says

The Federal Deposit Insurance Corp. failed to report allegations of senior officials’ misconduct in a timely manner, according to a…

UN’s top court orders Israel to halt military offensive in Rafah

On Friday, the U.N.’s top court, the International Court of Justice, ordered Israel to cease its military offensive in Rafah…

Russia cannot swallow the West whole, Orban says; G7 finance chiefs meet with Ukraine on agenda

This was CNBC’s live blog tracking developments on the war in Ukraine. Finance ministers of G7 countries are meeting in…

China’s war drills around Taiwan enter Day 2. Here’s what it means for cross-strait relations

China’s latest military exercises around Taiwan risk escalating cross-strait tensions — but war remains unlikely, political observers say. Beijing warned…

Here’s where the last $6 billion in CHIPS Act semiconductor award money is going

The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major…

Golf champ Scottie Scheffler arrest video released, officer broke body camera rules

A Louisville, Kentucky, police detective violated department policy by not activating his body camera during his controversial arrest of Scottie…