Scott Bessent

Prominent financial analyst Gordon Johnson has ignited discussion on social media, suggesting that a potential “Liberation Day 2.0” – an event triggering a significant equity market downturn – could be imminent. What Happened: The CEO and Founder at GLJ Research, LLC, Johnson’s...

What Happened: On Monday, Former Treasury Secretary Larry Summers shared highlights on his X account from his appearance on CNN's “The Arena,” where he discussed the Trump administration's move to back off from its “extremely punitive” tariff regime against China. Summers...

The United States and China agreed to slash their retaliatory tariffs by over 100 percentage points, pausing a spiraling trade war that had threatened to choke global growth. What's In The Deal? The agreement establishes a 90-day reset, slashing U.S. tariffs on Chinese goods from 145% to 30%, and...

Economist Craig Shapiro shared his insights on the unfolding U.S.-China trade dynamics, warning that while a tariff truce may calm immediate market fears, it could have unintended consequences for the broader economy. What Happened: Shapiro, a macro strategist at Bear Traps Report, suggested that...

On Monday, the U.S. and China agreed to a temporary reduction in most tariffs on each other’s goods, marking a considerable easing of trade tensions. As a result, major tech stocks caught in the trade war, such as Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Nvidia Corp (NASDAQ:NVDA),...

Economists have been predicting that retailers in the U.S. are likely to face pressure in the case of higher tariffs on China, as it is likely to “empty shelves” with a falling inventory-to-sales ratio. What Happened: According to Torsten Slok, the chief economist at Apollo Academy, the...

In a bid to ease the ongoing tariff war, senior negotiators from the US and China have resumed high-level trade talks. What Happened: On Sunday US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are spearheading the discussions in Geneva. This marks the first...

The past week has been a whirlwind of political and business news. From President Donald Trump‘s personal calls to CEOs to an attempted assassination of Treasury Secretary Scott Bessent, there’s a lot to unpack. Let’s dive into the top stories of the week. Trump’s Direct...

Democratic lawmakers are raising concerns over reported financial links between cryptocurrency exchange Binance and ventures tied to the Trump family, following a recently revealed $2 billion deal involving a Trump-backed digital token. What Happened: Senators Chris Van Hollen of Maryland and...

Wall Street traded slightly lower by midday Friday, as investors adopted a wait-and-see stance ahead of a potential trade breakthrough, with high-stakes negotiations between U.S. officials—led by Treasury Secretary Scott Bessent—and Chinese authorities set to unfold over the weekend. President...

Treasury Secretary Scott Bessent on Friday publicly criticized the U.S. Senate’s failure to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, expressing concern over the missed opportunity to establish a federal regulatory framework for stablecoins....

A Massachusetts man has been arrested and charged with the attempted assassination of a Cabinet nominee, as well as for carrying a deadly weapon on the Capitol grounds. What Happened: Ryan English, age 24, was apprehended in late January for his attempt to assassinate Treasury Secretary nominee, ...

Despite mounting pressure and calls for lower interest rates, the Federal Reserve held rates steady at 4.25%-4.5% on Wednesday. This analyst anticipates that the Fed would be among the last central banks to cut interest rates, while still expecting four cuts this year. What Happened: The Chairman...

Economist Brad Setser is raising concerns regarding the quiet shift in how China reports its trade surpluses, a change he says is masking billions of dollars in unreported income and capital outflows. What Happened: On the Keeping It Simple webinar series on Tuesday, Setser, a former staff...

President Donald Trump stated, on Wednesday, that he has no intention of easing the 145% tariff on Chinese imports. What Happened:  During an Oval Office press session, he was asked about the possibility of reducing tariffs, to which he replied, "No,” reported The Hill. In April, the Trump...