Scott Bessent
Treasury weighs minting $1 coin with Trump’s face for U.S. 250th anniversary
A “draft” from The Treasury Department of a $1 commemorative coin that it plans to mint next year. Courtesy: U.S. Treasury Department The Treasury Department is considering minting a $1 coin bearing President Donald Trump’s likeness on both sides to honor him and commemorate the United States’ 250th birthday next year. A first draft of […]
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European stocks end positive after touching fresh record high
European stocks ended higher on Friday, building on momentum that has pushed regional indexes higher this week. The pan-European Stoxx 600 closed the session up 0.5%, having added 0.5% in Thursday’s session after reaching a record high earlier in the day, marking the index’s fifth consecutive day of gains. Major bourses across the region made […]
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CNBC Daily Open: U.S. stock indexes charge ahead with three record closes
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate not meeting yesterday because of Yom Kippur, the U.S. government stayed shut […]
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CNBC Daily Open: There’s no stopping the U.S. stock markets
A bronze sculpture of a bull is displayed on Broadway in the financial district November 14, 2000 in New York City. Chris Hondros | Hulton Archive | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate […]
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Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown
Treasury Secretary Scott Bessent told CNBC’s on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a “Squawk Box” interview. “We could see a hit to the GDP, a hit to growth and […]
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A possible risk to markets from a shutdown getting chatter on trading floors
Markets have largely shrugged off previous government shutdowns, but this time could prove different if it shows U.S. government ineptitude has fallen to a new low. That could cause rating agencies to reexamine the high, but fragile condition of U.S. credit worthiness. On Monday the Labor Department said it’s preparing a contingency plan for what […]
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Bessent made mortgage claims similar to ones Trump cited to try to fire Fed’s Cook: Report
Treasury Secretary Scott Bessent once agreed to call two different houses his “principal residence” at the same time — a similar claim to the one that President Donald Trump cited when he tried to fire Federal Reserve Governor Lisa Cook, according to a report Wednesday. Documents show that on the same day in September 2007, […]
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Three things Britain wants from Trump’s state visit — aside from business deals
Viscount Hood, Lord-in-Waiting, right, greets U.S. President Donald Trump, center, and First Lady Melania Trump as they disembark from Air Force One after arriving at London Stansted Airport in Stansted, UK, on Tuesday, Sept. 16, 2025. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s second state visit to the U.K. — and business […]
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Bessent quips about his reported threat to punch Pulte in the face: Treasury secretaries ‘have a history of dueling’
watch now VIDEO1:5301:53 Treasury Sec. Bessent on reports of heated clashes: Treasury secretaries ‘have a history of dueling’ Squawk Box Treasury Secretary Scott Bessent brushed off recent reports of heated arguments inside President Donald Trump’s administration, saying disputes were a part of the normal push-and-pull of policymaking. “Treasury secretaries dating back to Alexander Hamilton have […]
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Lutnick says update coming this week on Japan’s $550 billion U.S. investment
The United States will make an announcement this week on Japan’s $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said. Simon2579 | Digitalvision Vectors | Getty Images The United States will make an announcement this week on Japan’s $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said, as a top Japanese trade envoy was reportedly planning to visit Washington to […]
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