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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

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The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

1

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

2

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
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Chevron employees examine a new GE Vernova gas turbine.
How Chevron became the AI darling of Big Oil

Chevron’s West Texas data center deal with Microsoft may jumpstart a new Big Ol and AI trend.

By Jordan BlumAugust 8, 2026
People look at a Google Earth map of Paris,France on a screen as Google Earth.
Google quietly discontinues its Earth AI feature a day after its rollout after users made no-no images
By Joshua HongAugust 7, 2026
A customer tries out a newly-released Samsung Galaxy Z Fold8 smartphone at a Samsung store.
Samsung pre-orders for latest foldables jump 30% from last year
By Bloomberg and Chris WelchAugust 7, 2026
zuck
Meta hit with half-billion fine, compared by judge to polluting factory. Its stock fell half a percent
By Barbara Ortutay, Wufei Yu and The Associated PressAugust 7, 2026
‘Going rogue’: Is it time to stop talking about faulty AI frontier models as if they are people?  
‘Going rogue’: Is it time to stop talking about faulty AI frontier models as if they are people?  
By Kamal AhmedAugust 7, 2026
Photo of Meta AI logo
Meta becomes third major AI lab after Anthropic and OpenAI to admit its agents have gone rogue—one day after Muse Code launch
By Mia OsmonbekovAugust 6, 2026
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With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners
Economy
With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners
By Jason MaAugust 8, 2026
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Meet a 43-year-old woman who had a hysterectomy and thought she had cancer because of a hospital lab mixup
By Kim Chandler, Emilie Megnien and The Associated PressAugust 8, 2026
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Personal Finance
20% of Americans are already using AI for financial advice — another 70% don’t trust it
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Politics
Southern Europe’s anti-immigrant attitude on display as Spain, Italy start checking each other’s passports
By The Associated PressAugust 8, 2026
el-sayed
Politics
Michigan Democrats try to convince voters they don’t hate each other after vicious, photo-finish primary
By Jacqueline Ganun and The Associated PressAugust 8, 2026
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The U.S. archivist Trump fired last year got Obama, Bush and Clinton to write about giving up power
By Calvin Woodward and The Associated PressAugust 8, 2026
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Environment
Waiting 26 years ‘for this shoe to drop’: Musk’s AI company joins the fight to strip citizens of their power to sue
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More Big TechPage 38 of 69
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By Emily Forgash and BloombergNovember 10, 2025
Torsten Slok, chief economist of Apollo Management
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The S&P 500 is also in a K-shaped economy, says Apollo, with a widening gap between the winners and losers
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CoreWeave executives pose in front of the Nasdaq building on the day of the company's IPO.
AI
Data-center operator CoreWeave is a stock-market darling. Bears see its finances as emblematic of an AI infrastructure bubble
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Denmark to ban social media for anyone under 15 years old
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Polymarket volume inflated by ‘artificial’ activity, study finds
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Gen Z’s love for ‘finfluencers’ is creating the perfect storm for brands
By Joe JordanNovember 7, 2025
A trader works during the Beta Technologies Inc. initial public offering (IPO) on the floor at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Nov. 4, 2025.
Investing
Even as stocks slide, Wall Street is at ‘historically extreme valuations,’ warns Apollo chief economist
By Eleanor PringleNovember 7, 2025
A closeup of Mark Zuckerberg's face
Arts & Entertainment
Mark Zuckerberg says ‘The Social Network’ nailed his wardrobe: ‘Every single shirt or fleece they had in that movie is a shirt or fleece that I own’
By Dave SmithNovember 7, 2025
Elon Musk tips his hat
Success
Elon Musk, the world’s first trillionaire: Tesla shareholders approve unprecedented $1 trillion pay package—despite disapproval from investors and even the Pope
By Preston ForeNovember 6, 2025
Laid off? Tech recruiting exec shares 4 tips for getting back on your feet—and on the job market
Future of Work
Laid off? Tech recruiting exec shares 4 tips for getting back on your feet—and on the job market
By Brianna Monsanto and IT BrewNovember 6, 2025
NYSE broker
Investing
Nvidia falls as much as 4.2% amid lurch downward as traders digest earnings
By Damian J. Troise and The Associated PressNovember 6, 2025
Zuckerberg, Chan
Innovation
Mark Zuckerberg, Priscilla Chan shift philanthropy focus to how AI can accelerate science
By Barbara Ortutay and The Associated PressNovember 6, 2025
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC.
Big Tech
The pope hates it. Norway hates it. Elon Musk calls critics of the plan ‘corporate terrorists.’ Welcome to Tesla’s trillion-dollar showdown
By Bernard Condon and The Associated PressNovember 6, 2025
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Health
Gen Z’s brains are ‘growing around their phones’ the way a tree warps around a tombstone, ‘Anxious Generation’ author warns
By Nick LichtenbergNovember 6, 2025
Microsoft, freed from relying on OpenAI, joins the race for ‘superintelligence’—and AI chief Mustafa Suleyman wants to ensure it serves humanity
AI
Microsoft, freed from relying on OpenAI, joins the race for ‘superintelligence’—and AI chief Mustafa Suleyman wants to ensure it serves humanity
By Sharon Goldman and Jeremy KahnNovember 6, 2025
Sundar Pichai
Big Tech
Google, Epic Games reach ‘comprehensive settlement’ over long-running Play Store antitrust case
By The Associated PressNovember 6, 2025
Google
AI
Google Maps, now brought to you with an AI conversational companion
By Michael Liedtke and The Associated PressNovember 6, 2025
Mark Zuckerberg
Big Tech
Meta hit with cease-and-desist letter over use of ‘PG-13 ratings’ for Instagram content
By Barbara Ortutay and The Associated PressNovember 6, 2025
Robinhood says prediction markets now bring in $100 million in annual revenue—but firm has no plans to launch its own
Investing
Robinhood says prediction markets now bring in $100 million in annual revenue—but firm has no plans to launch its own
By Jeff John RobertsNovember 6, 2025
Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’
Big Tech
Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’
By Marco Quiroz-GutierrezNovember 5, 2025
A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Oct. 29, 2025.
Big Tech
Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell’s hand in December
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NYSE broker
Investing
A top analyst warned of a ‘prisoner’s dilemma’ and ‘AI wobble’ in the stock market just days before Palantir seemed to confirm everyone’s fears
By Nick LichtenbergNovember 5, 2025
Palantir CEO Alex Karp
Success
Palantir says college is no longer a reliable training ground—so it hired 22 high school students instead: ‘Skip the debt. Skip the indoctrination.’
By Emma BurleighNovember 5, 2025
Co-founders Esha Manideep (CTO, Left), Varun Vummadi (CEO, Right)
AI
Exclusive: Voice AI startup Giga raises $61 million to take on customer service automation
By Beatrice NolanNovember 5, 2025
Meet the power broker of the AI age: OpenAI’s ‘builder-in-chief’ helping to turn Sam Altman’s trillion-dollar data center dreams into reality
AI
Meet the power broker of the AI age: OpenAI’s ‘builder-in-chief’ helping to turn Sam Altman’s trillion-dollar data center dreams into reality
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Palantir CEO Alex Karp said the tech giant “was really the first company to be completely anti-woke" on Monday.
Big Tech
Palantir CEO celebrates ‘anti-woke’ playbook and ‘cultus’ winning strategy after yet another earnings beat
By Nino PaoliNovember 4, 2025
Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady
Startups & Venture
Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady
By Allie GarfinkleNovember 4, 2025
Dara Khosrowshahi looking none too pleased
Big Tech
Uber says ‘unpredictable’ issues involving ‘legal proceedings or governmental investigations’ took a $479 million bite out of its bottom line
By Dave SmithNovember 4, 2025
Michael Burry stands in front of a dark background with "The Big Short" printed on it.
Investing
‘Big Short’ investor Michael Burry follows up cryptic AI bubble warning with bearish stock activity on Nvidia and Palantir
By Sasha RogelbergNovember 4, 2025
President Trump and Elon Musk
Success
America’s wealthiest billionaires got $698 billion richer this year—and Trump’s tax policy could give them a new windfall
By Emma BurleighNovember 4, 2025
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Economy
How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfallplaceholder alt text
By Eva RoytburgAugust 8, 2026
Middle East
The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept itplaceholder alt text
By Jason MaAugust 7, 2026
Real Estate
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winnerplaceholder alt text
By Sydney LakeAugust 8, 2026
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