Richard Escobedo
Coverage of Richard Escobedo in the Nexus archive.
- Dow closes down 1,000 points as Fed votes to leave interest rates unchanged
The Dow closed down 1,000 points as the Federal Reserve decided to keep interest rates unchanged, leading to a market selloff. CBS News' Richard Escobedo reported on the event.
- Trump revokes waiver allowing Iranian oil sales
The Trump administration revoked a waiver that allowed Iran to sell oil, leading to a rise in oil prices. CBS News coordinating producer Richard Escobedo has more details.
- U.S. aims to break AI reliance on China with Pax Silica Accord
The U.S. is attempting to reduce the West's reliance on Chinese artificial intelligence supply chains through an international accord named Pax Silica. The initiative aims to strengthen supplies of essential components for high-end computer chips that power advanced AI models.
- Fed keeps interest rates steady in first decision under Kevin Warsh
The Federal Reserve unanimously decided to keep interest rates unchanged, as anticipated. This was the first interest rate decision under Kevin Warsh. CBS News coordinating producer Richard Escobedo provided additional details.