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The Latest Breaking News from Scott Bessent

Trump presides over 'historic' peace deal between Thailand and Cambodia

Following border skirmishes last year, Thailand will release Cambodian prisoners and Cambodia will begin withdrawing heavy artillery.

Euronews

US-China Trade Talks Signal Possible Trump-Xi Face-To-Face As Rare Earths Export Controls, 100% Tariff Threats Loom

U.S.-China trade discussions in Kuala Lumpur are raising hopes of a direct meeting between President Donald Trump and President Xi Jinping as both sides seek to ease escalating economic tensions.

Benzinga

China's rare earth limits may have 'gone too far this time' as trade talks start while U.S. gathers support amid global backlash

"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."

Fortune

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The $38 Trillion U.S. Debt Mountain – Every American Owes $110,649 Now

American debt hit a record high of $38 trillion earlier this week. Here's a look at how quickly the debt is growing and how much every American would owe today.

Benzinga

America First? Trump Mantra Makes Exception For Argentina: Here's Why

“America First,” President Donald Trump proclaimed in two inaugural addresses: 2016 and, again, in 2025—unless you’re Argentina.

Benzinga

China, US 'Can Find Ways To Resolve Concerns' As Negotiators Set To Meet

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

International Business Times

Trump's Asia Tour Set To Spotlight Trade Challenges

US President Donald Trump's trip to Asia which begins Sunday carries significant economic stakes for countries around the region, with multiple tariff deals still pending and a trade dispute simmering between Washington and Beijing.

International Business Times

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Scott Bessent Says Things Are Looking Up For The US Economy: 2026, 2027 Are Going To Be 'Great Years' Thanks To Trump's Tax Reforms

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

Benzinga

China and the United States, Fall 2025: A timeline of remarks, threats, critiques — and dialogue

Tensions between the U.S. and China escalated in the weeks leading up to a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping

The Independent UK

Trump's Sanctions On Russia Spark Oil Rally: 10 Energy Stocks Take Off

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American oil stocks sharply higher.

Benzinga

US Debt Tops $38 Trillion Amid Shutdown, The Fastest Pace Since Pandemic

Amid the federal government shutdown, U.S. gross national debt surpassed $38 trillion as per Treasury data on Wednesday, raising concerns about the nation’s financial stability.

Benzinga

Shadow fleet targeted as EU advances frozen assets plan for Ukraine

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.

Radio France Internationale

Will Trump’s new sanctions on Russian oil companies actually work to stop Putin?

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

The Independent UK

Ukraine will not cede any of its territory, Zelenskyy tells Euronews

There will be no territorial concessions in Ukraine, the Ukrainian president said, answering Euronews' question on whether Kyiv is now being pressured into territorial concessions.

Euronews

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The Guardian - UK

UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – as it happened

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

Benzinga

SEC Chair Paul Atkins Says Government Shutdown Is 'Beginning To Bite' But IPOs Are 'Still Going To The Market'

SEC Chair Paul Atkins said the ongoing government shutdown is starting to impact U.S. markets but highlighted that the agency remains partially operational to keep essential functions running.

The Independent UK

Ukraine-Russia war latest: Kyiv allies pledge to take Russian oil off market to ‘choke’ Putin’s war machine

Sir Keir Starmer said allies had agreed a ‘clear plan for the rest of the year’ on supporting Ukraine

Benzinga

Trump Freezes Out Moscow, Full Sanctions Slapped On Russian Oil Giants Rosneft And Lukoil — Crude Oil Futures Surge

In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”

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news in one place.

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The Guardian - US

US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’

The Guardian - UK

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

Evening Standard

United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

The Independent UK

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

Euronews

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.

Benzinga

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…

Barchart

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.

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