Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer warned on Wednesday that China’s new trade rules are part of an apparent effort to control the world’s supply chains. CBS News MoneyWatch correspondent Kelly O’Grady has more details. Source link
Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025. Roberto Schmidt | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to…
A broad-based selloff swept global stock markets this morning after U.S. Treasury Secretary Scott Bessent told the Financial Times that China “will be hurt the most” if it doesn’t submit to Washington’s trade demands. At the same time, China showed no signs of backing down from President Trump’s trade war: It imposed sanctions banning Chinese…
(Bloomberg) — China accused the US of Cold War-era intervention in Latin America after Treasury Secretary Scott Bessent suggested Argentina’s president was “committed to getting China out.” Bessent made his comments on Fox News on Thursday as the US offers a $20 billion US financial lifeline to Argentina and President Javier Milei prepares to visit…
WASHINGTON (AP) — Social Security Administration Commissioner Frank Bisignano was named to the newly created position of CEO of the IRS on Monday, making him the latest member of the Trump administration to be put in charge of multiple federal agencies. As IRS CEO, Bisignano will report to Treasury Secretary Scott Bessent, who currently serves…
A bronze sculpture of a bull is displayed on Broadway in the financial district November 14, 2000 in New York City. Chris Hondros | Hulton Archive | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate…
US Treasury Secretary Scott Bessent said on Thursday he expects coming talks with China to yield a “big breakthrough” in trade relations, adding that aid for soybean farmers could be announced as soon as Tuesday. Bessent made the upbeat predictions during an interview with CNBC. “The most important thing we’re going to see,” the Treasury…
The Club’s top 10 things to Thursday, Oct. 2 — Matthew J. Belvedere and Kevin Stankiewicz wrote this morning’s newsletter. 1. The S & P 500 was heading for a higher open this morning. The index reversed yesterday’s early declines on the government shutdown and weak ADP jobs concerns and closed at a record high….