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The Latest Breaking News from Scott Bessent

Scott Bessent Warns TSMC's $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays

Treasury Secretary Scott Bessent warned that Taiwan Semiconductor Manufacturing Co.’s (NYSE:TSM) massive Arizona fabrication facility may produce just 7% of America’s semiconductor needs, highlighting regulatory obstacles hampering domestic chip production.

Benzinga

Scott Bessent Once Called Tariffs As 'Dog That Didn't Bark,' Now Wall Street Analysts Predict A Less Dramatic 'One-Time' Inflation Hike As August 1 Deadline Nears

The looming deadline for President Donald Trump‘s tariffs has sparked a shift in Wall Street’s predictions. Analysts are now projecting a more moderate increase in inflation, a departure from earlier fears of a significant surge.

Benzinga

Scott Bessant Eyes 'Big, Beautiful Rebalancing' With China — Says Beijing Must Shift Toward Consumption, Teases 'Very Interesting' Purchase Agreements

U.S. Treasury Secretary Scott Bessent says that the United States and China are entering a more constructive phase in trade talks, with the possibility of a broader realignment in their economic relationship.

Benzinga

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Nasdaq Futures Climb on Upbeat Alphabet Results and Trade Deal Optimism, U.S. PMI Data in Focus

September Nasdaq 100 E-Mini futures (NQU25) are trending up +0.36% this morning as investors cheer forecast-beating quarterly results from Alphabet and remain optimistic that the U.S. may strike more trade deals soon.

Barchart

US-EU Tariff Talks Progress As Trump Announces Japan Deal

United States and European officials signaled progress in tariff talks Wednesday, after US President Donald Trump announced a pact with Japan and China said its vice premier would attend bilateral negotiations next week.

International Business Times

The Latest: Trump will reveal ‘AI Action Plan’ shaped by his Silicon Valley supporters

An artificial intelligence agenda formed on the podcasts of Silicon Valley billionaires is now being set into U.S. policy as President Donald Trump leans on the ideas of the tech figures who backed his election campaign

The Independent UK

Bill Ackman Supports Capital Reform That Could Bring Fannie And Freddie Back To NYSE

Hedge-fund billionaire Bill Ackman has voiced his support for a proposal to restructure the capital requirements of government-sponsored enterprises (GSEs), Federal National Mortgage Association (OTC:FNMA), Fannie Mae, and Federal Home Loan Mortgage Corporation (OTC:FMCC), Freddie Mac.

Benzinga

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Key things to know about Trump’s ‘massive’ trade deal with Japan

Agreement commits Tokyo to investing $550bn in America and Washington to cutting tariffs on Japanese automobiles to 15 per cent

The Independent UK

Flurry of trade deals offers relief for some Asian countries, while others wait

U.S. President Donald Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries

The Independent UK

Republican Sen. Reportedly Posts And Then Deletes Fake Resignation Letter From Fed Chair Powell

Republican Sen. Mike Lee reportedly posted and then deleted what he believed to be a resignation letter from Federal Reserve Chair Jerome Powell

Latin Times

El-Erian Says Powell Should Resign—To Save The Fed Itself

Escalating political attacks on the Federal Reserve have prompted economist Mohamed El-Erian to say Fed Chair Jerome Powell should resign—not for missteps, but to actually protect the central bank's independence.

Benzinga

Feisty Trump deflects, but cannot shake boiling Epstein documents scandal - Roll Call

A fired-up President Trump claimed no knowledge of his team's next steps in the Epstein drama and made allegations about Barack Obama.

Roll Call

US Treasury Chief Says No Reason For Fed Chair To Step Down

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed.

International Business Times

US Treasury Chief Eyes China Tariff Deadline Extension In Talks Next Week

US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels.

International Business Times

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Al Jazeera

Why Trump’s attacks on Jerome Powell are raising fears for the US economy

The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.

Fortune

Stocks hit fresh all-time highs as strong earnings continue to power market rally

After the first week of this earnings season, 73% of companies beat per-share profit estimates, above the first-week average of 68%, according to BofA.

Fortune

Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance

"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.

Evening Standard

FTSE 100 ends day above 9,000 points for first time

The FTSE 100 index closed up 20.87 points at 9,012.99 but failed to set a new intraday high.

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Benzinga

Trump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell: 'I Know Better Than Anybody What's Good For The Market'

President Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.

Al Jazeera

Japan’s minority gov’t faces election setback over inflation, immigration

Soaring prices and anti-foreigner sentiment have become central issues for much of Japan’s electorate.

Al Jazeera

G20 finance ministers reach consensus on key economic issues

US set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.

International Business Times

G20 Nations Agree Central Bank Independence 'Crucial'

The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.

Reason

Scott Bessent Takes Premature Victory Lap on Tariff Revenues

Collections represented a surge in imports trying to beat higher rates—with a slump to follow.

The Independent UK

The Crypto cabinet: One in five of Trump’s closet allies hold significant cryptocurrency assets

Several cabinet members, including Vice President JD Vance and Treasury Secretary Scott Bessent, have all reported personal stakes

International Business Times

South Africa Warns Global Turmoil Threaten Development Goals

G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.

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