News

U.S. Calls for Sweeping Reforms to I.M.F. and World Bank
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their ...
China trade tariffs not sustainable - US Treasury Secretary Bessent
US Treasury Secretary Scott Bessent says high tariffs between the United States and China are not sustainable, as President ...
Elon Musk Vs Scott Bessent 'Shouting Match' At White House Over IRS: Here's What Happened
Scott Bessent and Elon Musk reportedly had a heated shouting match over the IRS during an Oval Office meeting attended by ...
Why Trump’s ‘Blame Jerome Powell’ Strategy Flopped So Hard
On Wall Street, the White House's constant messaging shifts are beginning to drown out the messages themselves.
Here's why President Donald Trump suddenly softened some of his most severe rhetoric on tariffs, the reasons could be worrying for Americans
President Trump softened his stance on tariffs and trade negotiations after retail CEOs, including Walmart and Target, warned ...
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Bessent Signals U.S. Wants to Deescalate Trade War with China
The U.S. Treasury Secretary said the third quarter of this year is a “reasonable estimate” for achieving clarity on the ...
'Sell America' to 'buy America': US markets rebound as trade tensions ease and Trump backs off Powell threats
Wall Street staged a sharp rebound Wednesday as easing trade tensions, potential tariff cuts on Chinese imports, and a more ...
US ‘keen to do a deal’, says Rachel Reeves as she outlines red lines ahead of trade talks
Chancellor expected to meet US Treasury secretary Scott Bessent on Friday in an attempt to make progress on negotiations for ...
Dow gives back much of nearly 1,200-point gain but still up sharply as investors welcome apparent 'Trump put'
Stocks remained up sharply in midafternoon trading Wednesday but were well off the initial highs that followed President Donald Trump's declaration after the previous session's closing bell that he ...