Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a…
U.S. Treasury yields moved lower on Friday as investors digested this week’s economic data and ongoing tariff-related news. The 10-year Treasury yield was 4 basis points lower at 4.423%. The 2-year yield was more than 4 basis points lower at 3.87%. The 30-year note was lower by nearly 2 basis points, yielding at 4.99%. One basis point is equal to 0.01%…
A measure of wholesale prices showed no change in June, providing a conflicting sign over whether tariffs threaten to boost inflation in the coming months. The producer price index was flat, according to seasonally adjusted numbers from the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase…
President Donald Trump said Saturday that he is considering revoking comedian Rosie O’Donnell’s citizenship, a dramatic escalation of Trump’s threats to use the executive branch to target his opponents. “Because of the fact that Rosie O’Donnell is not in the best interests of our Great Country, I am giving serious consideration to taking away her…
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines reinstated its 2025 profit outlook Thursday and said it expects a stronger summer travel season than Wall Street anticipated. Bookings have stabilized after a drop…
Russian President Vladimir Putin and U.S. President Donald Trump. Mikhail Metzel | Evelyn Hockstein | Via Reuters President Donald Trump told campaign donors last year that he had threatened to “bomb the s–t out of Moscow” if Russian President Vladimir Putin invaded Ukraine, according to a new report. Trump at the same donor meeting claimed…
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | Reuters As President Donald Trump’s tariffs against more than a dozen countries spark fresh concerns about looming country-specific trade measures, often overlooked are the levies on specific products and commodities that…
Treasury Secretary Scott Bessent on Monday said the Trump administration will make “several” trade-related announcements in the next 48 hours, signaling imminent progress even as U.S. tariff deadlines appear to be shifting. Speaking on CNBC’s “Squawk Box,” Bessent also declined, yet again, to rule out the possibility that he could serve as the next chair…
U.S. President Donald Trump has threatened an additional 10% tariff on countries that orient themselves along the “Anti-American policies of BRICS.” Trump’s announcement, which did not elaborate on any specific policy of BRICS, came as the group’s meeting is underway in Rio de Janeiro. The bloc’s leaders appeared to take aim at Trump’s sweeping tariff…
U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take…