The Latest Breaking News from Scott Bessent

President-elect attacks neighbors over immigration and accuses China over fentanyl entering US

On Truth Social, Trump alleged that Chinese inaction on illegal fentanyl was the reason behind the new 10% tariff.

Rolling coverage of the latest ecoonomic and financial news

Asian shares have mostly declined as worries spread over President-elect Donald Trump's comment that he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office

Boris Epshteyn accused of asking potential nominees to pay monthly fees in apparent ouster attempt by rivals

Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

The Dow Jones Industrial Average closed at a record high Monday as investors breathed a sigh of relief over the selection of hedge-fund founder Scott Bessent as treasury secretary.

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.99%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.14%. Stocks settled higher on Monday, with the S&P 500 and Dow Jones Industrials posting...

The Dow closed at an all-time high as investors welcomed Donald Trump's Treasury secretary nominee.

The dollar index (DXY00 ) on Monday fell by -0.70%. The dollar tumbled Monday after President-elect Trump picked Scott Bessent as the new US Treasury Secretary. Bessent is seen as a fiscal hawk and favors less government spending and more gradual tariffs, a negative factor for the dollar. Also, Bessent’s...