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The Latest Breaking News from Scott Bessent

Trump slaps Russia’s biggest oil companies with sanctions over Ukraine war: ‘Now is the time to stop the killing’

Treasury Secretary Scott Bessent announced the tough new measures against Moscow after the White House scrapped plans for talks with Putin

The Independent UK

Trump doesn’t want ‘wasted time’ with Putin as plan for Budapest meeting is called off

“I don’t want to have a wasted meeting,” Trump said in comments that followed reports his planned Budapest meeting with Putin has been shelved over Moscow’s refusal of an immediate ceasefire in its war against Ukraine.

Euronews

Australia Courts US Backing To Break China's Grip On Critical Minerals

Australia is pitching itself as a solution to the U.S. critical metal problems. The West has struggled to break China’s grip on the 50-odd “critical minerals” that are vital for electronics, renewables, defense systems, and more. However, Monday’s meeting between Australian Prime Minister Anthony Albanese and President Donald Trump might…

Benzinga

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Stocks Set to Open Higher as U.S.-China Tensions Ease, Inflation Data and Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.41% this morning as signs of easing trade tensions between the U.S. and China helped boost risk appetite.

Barchart

Tech Giants Shift From China, Trump's Beef Pledge, Putin-Trump Tunnel Pitch: This Week In Politics

As the weekend comes to a close, let’s take a look at the top stories that made headlines in the business world.

Benzinga

Scott Bessent's 'Constructive' Call Sets Up US–China Negotiations

The United States and China will resume high-level trade negotiations next week after a “constructive” video call between senior officials on Saturday.

Benzinga

China And US Agree To Fresh Trade Talks

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world's two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

International Business Times

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Argentine Peso Drops Against Dollar Despite US Backing

Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency.

International Business Times

US Treasury Chief To Speak With China Counterpart As Tensions Flare

US Treasury Secretary Scott Bessent is set to speak Friday with Chinese Vice Premier He Lifeng, an official from President Donald Trump's administration told AFP -- as Washington works to rally allies to respond to Beijing's rare earth curbs.

International Business Times

America Second

Plus: Feminization of the workplace, no National Guard in Chicago, public transit needs to be policed, and more...

Reason

US Cancels $500 Million Cobalt Tender, Bessent Points To More Equity Stakes

The US has canceled a $500 million tender to purchase cobalt. The decision came after multiple extensions, less than two months after launching the initiative.

Benzinga

US Budget Deficit Narrows Just Slightly Despite Tariff Revenues

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January.

International Business Times

China Blasts Trump Administration For 'Panic' Over Rare Earths

China accused the United States on Thursday of fueling "panic" over Beijing's new limits on rare earth exports.

Benzinga

Could Trump's $40 Billion Plan Be A Game-Changer For Argentina?

Argentina has defaulted on its sovereign debt multiple times since 2000, and structural weaknesses in its fiscal and monetary configuration are deep.

International Business Times

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The Independent UK

Trump team preparing to install ‘allies’ at the IRS to target ‘major Democratic donors’ including George Soros: report

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

Benzinga

Scott Bessent Says US Investment Boom 'Sustainable' Under Trump: 'The Only Thing Slowing Us Down...'

U.S. Treasury Secretary Scott Bessent credited the country’s investment boom to President Donald Trump‘s policies on Wednesday, and expressed optimism about its sustainability, but said the government shutdown was a potential obstacle.

The Independent UK

Scott Bessent says Chinese top trade envoy came to Washington uninvited

US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

The Independent UK

Trump claims Modi has agreed to stop importing Russian oil to India

Trump prepares to rope in China and Japan to agree to half energy imports from Russia

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news in one place.

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Benzinga

US Government Shutdown Could Drag On 'Five, Six Weeks,' Warns Moody's Economist Mark Zandi

Despite a last-minute Pentagon maneuver to ensure U.S. troops were paid this week, the federal government shutdown continues with no end in sight, prompting Moody’s Analytics Chief Economist Mark Zandi to warn that the impasse could still last for a record “five, six weeks.”

Benzinga

Trump Administration Reportedly Plans Major IRS Shake-Up That Would Make It Easier To Target Democratic Donors

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

The Independent UK

Is China winning the trade war with the US?

Beijing appears unfazed by Donald Trump's threats and an export boom suggests it may be gaining the upper hand

Benzinga

Scott Bessent Has It 'Backwards,' Says Peter Schiff: China's Economy Will 'Boom' As It Trades Less With The US

Economist Peter Schiff pushed back against Treasury Secretary Scott Bessent’s comments on U.S.-China trade, saying that Beijing's decision to reduce its reliance on American markets will strengthen, not weaken, its economy.

The Independent UK

Ukraine-Russia war latest: Zelensky in US for Trump meeting after President announces new Putin summit

Ukrainian president will hold talks in the Oval Office after Trump said he would meet Putin in Hungary

International Business Times

Asia Stocks Rise As Traders Weigh China-US Row, Rate Cut Hopes

Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year.

PC Gamer

US senators express 'profound concern' over EA buyout: 'The proposed transaction poses a number of significant foreign influence and national security risks'

Whether it adds up to anything remains to be seen, but Elizabeth Warren and Richard Blumenthal are big mad about it.

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