Scott Bessent

Another eventful week has come to a close. Here’s a quick roundup of the key stories that made headlines over the weekend. SpaceX IPO Buzz Has Wall Street Flashing Dot-Com Era Warning Signs SpaceX, the space exploration company, is set to go public, and this has raised concerns about the...

Treasury Secretary Scott Bessent has predicted a quick turnaround in the current inflation and high oil prices after a brief period of skyrocketing prices. Bessent, in a discussion with CNBC’s Joe Kernen on Thursday, stated that he is confident these issues will be swiftly resolved once...

President Donald Trump will travel to Beijing on May 14–15 for a summit with Chinese President Xi Jinping after Washington postponed the trip in March amid combat operations with Iran. Xi is also expected to make a reciprocal visit to the U.S. later this year. The visit includes a welcome ceremony...

The U.S. Treasury Department on Thursday announced a new round of sanctions targeting individuals and entities accused of exploiting Iraq's oil sector to benefit Iran and its proxy militias, escalating Washington's pressure campaign against Tehran. Bessent Says U.S. Will Not ‘Stand Idly By'...

Treasury Secretary Scott Bessent said Monday that "help is on the way" for U.S. gasoline prices as the Donald Trump administration tries to reopen shipping through the Strait of Hormuz and ease an oil-market squeeze that has pushed regular gas close to $4.50 a gallon. Bessent Says Fuel Relief Is...

The United Arab Emirates (UAE) has been in talks with the U.S. about the possibility of establishing a currency swap line, as revealed by the Middle East nation’s trade minister. On Monday, Thani Al Zeyoudi, the UAE’s Trade Minister, unveiled the ongoing discussions during a conference...

Treasury Secretary Scott Bessent blamed Sen. Elizabeth Warren (D-Mass.) and former Transportation Secretary Pete Buttigieg for Spirit Aviation Holdings Inc’s (OTC:FLYYQ) collapse, arguing Sunday that Biden-era opposition to JetBlue Airways Corp’s (NASDAQ:JBLU) proposed $3.8 billion...

The Trump administration is reportedly developing a strategy to bypass Anthropic‘s supply chain risk designation, potentially allowing the onboarding of its powerful AI model, Mythos. The White House is working on a draft executive action that could provide a way to mitigate the ongoing...

The U.S. Treasury, on Tuesday, warned banks of sanctions if they support transactions with Chinese "teapot" refineries importing Iranian oil, saying the funds aid Iran's regime, military, and weapons programs. The Department noted that China buys about 90% of Iran's oil exports, with these...

Secretary of State Marco Rubio flagged two key concerns with Iran's latest peace proposal: uncertainty over “deeply fractured” leadership in Tehran and doubts about how the regime interprets its own terms. Iran has reportedly proposed reopening the Strait of Hormuz and extending the...

On Monday, Treasury Secretary Scott Bessent warned that Iran's oil industry is under severe strain from expanding U.S. sanctions, suggesting production could deteriorate further and potentially lead to domestic fuel shortages. US Sanctions Pressure On Iran Oil Industry Intensifies In a post on X,...

On Monday, Treasury Secretary Scott Bessent criticized Sen. Bernie Sanders' (I-Vt) upcoming Capitol Hill AI safety forum, arguing that America's greatest AI risk is allowing foreign powers — particularly China — to influence how the U.S. regulates the technology. Bessent Attacks Sanders'...

Booz Allen Hamilton Holding (NYSE:BAH) has recouped much of its losses after declining nearly 6% on April 22, following remarks by Treasury Secretary Scott Bessent. Here’s what happened: Treasury Cancels Contracts Over IRS Leak Case At a Senate Appropriations Financial Services and...

It’s been an eventful week, with political figures and economists making headlines. Here’s a quick look at some of the most significant stories that unfolded over the week. Marjorie Taylor Greene Says Trump And JD Vance Are ‘Failing’ So Badly On Inflation Former Rep. ...

U.S. Senator Lindsey Graham (R-S.C.) has expressed his support for the ongoing oil blockade against Iran, predicting its expansion in the near future. Graham took to X on Wednesday and said that President Donald Trump‘s decision to leave the blockade in place is “very smart...