Treasury Risk

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Treasury Secretary Bessent Faces Congress as Fed Probe Looms Over Hearings

Treasury Secretary Scott Bessent heads to Capitol Hill this week for testimony, with lawmakers poised to question him for the first time since the Justice Department launched an investigation into Federal Reserve Chair Jerome Powell. The hearings are expected to focus on economic performance and regulatory policy, even as the shadow of the probe hangs over proceedings.

Business

Infineon Bets Big on AI: Strategic Pivot or Risky Gamble?

Infineon Technologies AG is ramping up capital expenditure, earmarking an additional €500 million to boost semiconductor production for AI data centers, EVs, and industrial tech. While this sharpens its AI narrative, the move also concentrates execution risks and raises questions about valuation amid modest near-term profitability.