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June 9, 2025
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Treasury Secretary Scott Bessent says China's economy needs to change
  • Finance

Treasury Secretary Scott Bessent says China’s economy needs to change

Cs news2 months ago2 months ago05 mins

Treasury Secretary Scott Bessent said Wednesday that China’s current economic model — built on “exporting its way out of economic troubles” — is unsustainable, and that the U.S. wants to help it change. How Trump’s tariffs could make your iPhone cost $3,500 In his keynote address at the Institute of International Finance in Washington, D.C.,…

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A Weakening Dollar Is No Accident—and Not Without Consequences
  • Finance

A Weakening Dollar Is No Accident—and Not Without Consequences

Cs news2 months ago2 months ago06 mins

US Dollar Photo credit: Getty Images I’m an optimist, and I invest accordingly—for the long term. But I’ve learned that staying optimistic doesn’t mean ignoring macroeconomic headwinds. One to note in particular is the weakening of the U.S. dollar. Not just as a matter of technical FX movement, but as a signal of political ambition,…

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  • Man arrested after fireworks ignited at Hong Kong’s Avenue of Stars June 9, 2025
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