Photos of a gun and parts of military electronics that were found on Shenghua Wen’s phone. Courtesy: U.S. Department of Justice A Chinese national was sentenced to eight years in prison for conspiring to illegally smuggle guns, ammunition, and sensitive U.S. tech to North Korea, the Department of Justice said Tuesday. Shenghua Wen, 42, pleaded…
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds. “We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street” Tuesday. “So we’ll deliver the money, which was already committed under the Biden…
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump’s broad tariff policies to…
LOS ANGELES — One year ago, federal authorities announced that five people had been charged in connection with the ketamine overdose death of Matthew Perry. All five have now agreed to plead guilty, including the personal assistant of the “Friends” star, an old acquaintance and two doctors. On Monday, Jasveen Sangha, who prosecutors say was…
A former Cy Young Award winner is back in the saddle again. Toronto Blue Jays manager John Schneider announced on Monday that right-hander Shane Bieber will make both his franchise and season debut in the team’s Friday night road matchup against the Miami Marlins. It will be Bieber’s first MLB start since April 2, 2024,…
Normally a unified group, Federal Reserve officials suddenly find themselves divided on when they should cut interest rates and by how much. How deep those divisions run should become clearer Wednesday when the central bank releases minutes from its July meeting. The July 29-30 meeting saw the Federal Open Market Committee vote to keep its…
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”…
LAS VEGAS — Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad, and some officials are blaming the Trump administration’s tariffs and immigration policies for the decline. The city known for lavish shows, endless buffets and around-the-clock gambling welcomed just under…
There is always baseball happening — almost too much baseball for one person to follow themselves. Don’t worry, we’re here to help you by figuring out what you missed but shouldn’t have. Here are all the best moments from the weekend in Major League Baseball: Harper hits two special homers Bryce Harper hit two home…
As the stock market continues to churn near all-time highs, BMO Capital Markets has some ideas for individual stocks that can work in the future. The backdrop for BMO’s recommendations: U.S. stocks recently hitting all-time highs, a stunning recovery from the early April sell-off on the back of President Donald Trump’s imposition of higher tariffs….
