Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

Nov 13, 2026

Wholesale inflation declined last month yet remains stubbornly elevated

WASHINGTON (AP) — Wholesale inflation cooled a bit last month yet remains elevated, evidence of stubbornly higher prices that have soured Americans on the economy and fueled big gains for Democrats in the midterm elections last week. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 0.3% from...

Nov 13, 2026

Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'

Treasury Secretary Scott Bessent is pointing the finger at Commerce Secretary Howard Lutnick over the Trump administration's failure to place Nvidia customer Megaspeed on a U.S. trade blacklist for national security concerns. When pressed Friday over who was behind the decision, Bessent told CNBC, "Treasury, War, USTR [U.S. Trade Representative] and State … were in...

Nov 13, 2026

Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'

Treasury Secretary Scott Bessent is pointing the finger at Commerce Secretary Howard Lutnick over the Trump administration's failure to place Nvidia customer Megaspeed on a U.S. trade blacklist for national security concerns. When pressed Friday over who was behind the decision, Bessent told CNBC, "Treasury, War, USTR [U.S. Trade Representative] and State … were in...

Nov 13, 2026

White House sends CFTC, SEC nominations to Senate

President Trump on Thursday nominated two officials each to the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Trump nominated Democrat Kristin Johnson and Republican Steven Levine to the SEC, with their respective terms set to expire in 2029 and 2030. Johnson previously served as a commissioner at the CFTC, after...

Nov 13, 2026

White House sends CFTC, SEC nominations to Senate

President Trump on Thursday nominated two officials each to the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Trump nominated Democrat Kristin Johnson and Republican Steven Levine to the SEC, with their respective terms set to expire in 2029 and 2030. Johnson previously served as a commissioner at the CFTC, after...

Nov 13, 2026

Live updates: Van Hollen to challenge Schumer; Outlook starts bouncing back

Sen. Chris Van Hollen (D-Md.) announced Thursday night he will challenge Senate Minority Leader Chuck Schumer (D-N.Y.) to become the majority leader of the upper chamber next Congress, as Schumer faces dissent from new senators in particular. “I think that we heard loud and clear from the American people that they want to end the...

Nov 13, 2026

Lutnick agrees to testify before Congress amid bipartisan concerns

Commerce Secretary Howard Lutnick has agreed to testify before Congress amid bipartisan concerns about the Nvidia spy scandal and the agency's enforcement of chip export controls. Lutnick has "proactively agreed to appear voluntarily" before the Senate Banking Committee, spokesperson Kristen Eichamer said in a statement. Senate Banking Chair Tim Scott (R-S.C.) sent letters to both...

Nov 13, 2026

Lutnick agrees to testify before Congress amid bipartisan concerns

Commerce Secretary Howard Lutnick has agreed to testify before Congress amid bipartisan concerns about the Nvidia spy scandal and the agency's enforcement of chip export controls. Lutnick has "proactively agreed to appear voluntarily" before the Senate Banking Committee, spokesperson Kristen Eichamer said in a statement. Senate Banking Chair Tim Scott (R-S.C.) sent letters to both...

Nov 13, 2026

Microsoft 'seeing encouraging recovery progress' in global Outlook, Teams outage

Microsoft is still working to restore access to its services after a massive global outage impacted dozens of its services on Thursday. The company said early Friday that it is “seeing encouraging recovery progress,” according to a statement shared on social media. “Some users may still experience intermittent issues as recovery actions continue,” it reads....

Nov 13, 2026

Microsoft 'seeing encouraging recovery progress' in global Outlook, Teams outage

Microsoft is still working to restore access to its services after a massive global outage impacted dozens of its services on Thursday. The company said early Friday that it is “seeing encouraging recovery progress,” according to a statement shared on social media. “Some users may still experience intermittent issues as recovery actions continue,” it reads....

Nov 13, 2026

How Jensen Huang's resignation from Nvidia is threatening AI-powered economy

Jensen Huang’s departure from Nvidia threatens the stability of the AI industry and the market as a whole, as experts express differing outlooks on the chipmaker’s future. Huang resigned as CEO of the company he built from the ground up, Nvidia’s board of directors announced Thursday, after The New York Times reported on a pair...

Nov 13, 2026

How Jensen Huang's resignation from Nvidia is threatening AI-powered economy

Jensen Huang’s departure from Nvidia threatens the stability of the AI industry and the market as a whole, as experts express differing outlooks on the chipmaker’s future. Huang resigned as CEO of the company he built from the ground up, Nvidia’s board of directors announced Thursday, after The New York Times reported on a pair...

Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

More News

Wholesale inflation declined last month yet remains stubbornly elevated

Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'

Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'

White House sends CFTC, SEC nominations to Senate

White House sends CFTC, SEC nominations to Senate

Live updates: Van Hollen to challenge Schumer; Outlook starts bouncing back

Lutnick agrees to testify before Congress amid bipartisan concerns

Lutnick agrees to testify before Congress amid bipartisan concerns

Microsoft 'seeing encouraging recovery progress' in global Outlook, Teams outage

Microsoft 'seeing encouraging recovery progress' in global Outlook, Teams outage

How Jensen Huang's resignation from Nvidia is threatening AI-powered economy

How Jensen Huang's resignation from Nvidia is threatening AI-powered economy

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