News

Trump treasury secretary says Walmart will absorb some tariff costs – but shoppers may still pay more
Treasury Secretary Scott Bessent said retail giant Walmart "will be absorbing" the impact of President Donald Trump's ...
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Walmart blames price increases on Trump, president demands company ‘eat the tariffs’
Trump has repeatedly claimed foreign nations will cover the tariffs, but Walmart has already started to raise prices in ...
Congress needs to address debt ceiling before its August recess to prevent default, Treasury secretary says
Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...
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United States and China agree to temporarily suspend or cut most tariffs for 90 days
The two most important pieces to the global trade war puzzle may finally be coming together to prevent an attempted ...
Moody’s strips America of its Triple-A credit rating — here’s why
Moody’s was the last among major ratings agencies to keep a top, triple-A rating for US sovereign debt, though it had lowered its outlook in late 2023 due to wider fiscal deficit and higher ...
China blasts new US rule banning use of Huawei’s Ascend advanced computer chips
China has taken aim at a new U.S. rule against use anywhere in the world of Ascend computer chips made by Huawei Technologies ...
Treasury's Bessent says US should be 'premier destination' for digital assets
Treasury Secretary Scott Bessent testified before the House Financial Services Committee and discussed regulatory frameworks ...
Bessent defends Trump’s Qatari luxury jet gift: ‘French gave us the Statue of Liberty’
Treasury Secretary Scott Bessent defended the Trump administration’s decision to accept a $400 million luxury jet from Qatar, ...
Bessent show: Treasury secretary taking over as top dog on Trump’s trade team
An alumnus of the first Trump White House assessed that, of Trump’s Cabinet, Bessent seems to be the “most serious person in ...