Scott Bessent
Trump administration sanctions big Russian oil companies, presses for Ukraine ceasefire
The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” “Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said as he announced the sanctions on Rosneft […]
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Argentine peso hits fresh lows despite U.S. support — and it could be about to get worse
The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the […]
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European markets set to open higher, building on positive momentum
The London skyline is seen from the Shard, the tallest building in the European Union, as the sun sets on March 28, 2017 in London, England. Jack Taylor | Getty Images LONDON — European stocks are set to open higher on Tuesday, continuing positive momentum built at the start of the week on the back […]
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Rare earths make gains amid battle to beat China’s dominance
Shares of U.S.-listed companies related to the rare earth supply chain climbed on Monday as investors continued to weigh the impact of Chinese export restrictions on domestic producers. Rare earths are minerals that are essential to many aspects of modern life, particularly for the technology sector and the energy transition, as they are used […]
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Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday
Treasury Secretary Scott Bessent will speak by phone on Friday with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations between the United States and China, a senior Trump administration official told CNBC’s Eamon Javers. Additional details about the call, including the specific time it would take place or the next steps to […]
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U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S. J. David Ake | Getty Images News | Getty Images The U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what […]
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Shutdown layoffs, United earnings, Apple’s new products and more in Morning Squawk
Treasury Secretary Scott Bessent speaking at the CNBC Invest In America Forum in Washington, D.C. on Oct. 15, 2025. Aaron Clamage | CNBC This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Tariff troubles As the […]
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CNBC Daily Open: Major U.S. banks enjoy a blowout quarter — assuaging trade war concerns
U.S. Treasury Secretary Scott Bessent adjusts his glasses during a meeting with U.S. President Donald Trump and President of Argentina Javier Milei in the Cabinet Room at the White House on Oct. 14, 2025 in Washington, DC. Kevin Dietsch | Getty Images China has been using its dominance in the rare earth industry to slash […]
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CNBC Daily Open: Strong bank earnings seem to overshadow escalating trade war
U.S. Treasury Secretary Scott Bessent speaks as he and U.S. Trade Representative Jamieson Greer hold a press conference on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., Oct. 15, 2025. Ken Cedeno | Reuters China has been using its dominance in the rare earth industry to slash prices, driving foreign competitors […]
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Treasury Secretary Bessent says a stock market decline won’t deter the U.S. from taking strong action against China
Treasury Secretary Scott Bessent insisted Wednesday that the U.S. won’t change its trade negotiating stance on China due to stock market volatility. “We won’t negotiate because the stock market is going down” or shy away from taking strong measures against Beijing for that reason, Bessent said in an exclusive interview at CNBC’s Invest in America […]
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