Scott Bessent
Trump says reciprocal tariffs will ‘start with all countries,’ rejects narrower launch
US President Donald Trump speaks to the press aboard Air Force One before arriving at Palm Beach International Airport in West Palm Beach, Florida, on March 28, 2025. Brendan Smialowski | AFP | Getty Images President Donald Trump said that his “reciprocal tariffs” plan will target all other countries when they are unveiled Wednesday, injecting […]
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CNBC Daily Open: U.S. consumers are feeling bad and expect inflation to spike
Eggs for sale in a Manhattan grocery store on Feb. 25, 2025, in New York City. Spencer Platt | Getty Images The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at 7.1% and Federal Reserve Chair Jerome […]
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Here are the most oversold stocks due for a trader’s bounce following the market rout
The market just saw its fourth straight week in the red, but there are some stocks that are so washed out they may be due for a rebound. On Friday, the S & P 500 closed the week down about 2.3%, putting the loss since its Feb. 19 all-time at 8.2%. The Nasdaq Composite and […]
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Trump’s Treasury chief on 200% EU tariff threat: ‘Not sure why that’s a big deal’ for markets
U.S. Treasury Secretary Scott Bessent on Thursday said Wall Street should shrug off President Donald Trump’s latest threat to impose steep tariffs on foreign trading partners. Asked on CNBC’s “Squawk on the Street” about Trump’s threat to ratchet up tariffs on European alcohol, Bessent suggested the move should have little impact on stocks. “One or […]
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2-year Treasury note yield bounces from October low as investors await U.S. inflation report
U.S. Treasury yields rose on Tuesday as investors awaited the latest reading on the consumer price index report. The benchmark 10-year Treasury yield was 5 basis points higher at 4.266%. The 2-year Treasury yield was last 2 basis points higher at 3.92%, after earlier in the day falling to its lowest level since October. One basis point is equal to […]
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S&P 500 futures are little changed after recession fears triggered a market sell-off: Live updates
Traders work on the floor of the New York Stock Exchange on March 6, 2025. NYSE S&P 500 futures were relatively unchanged Monday night after concerns that a recession would hit the U.S. economy sparked a broad sell-off in the market. Futures tied to the S&P 500 hovered around the flatline, while Nasdaq-100 futures dropped […]
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CNBC Daily Open: The impact of Trump policies will affect Fed’s interest rate moves
Federal Reserve Chair Jerome Powell speaks at the 2025 U.S. Monetary Policy Forum on March 7, 2025, in New York City. Spencer Platt | Getty Images News | Getty Images The U.S. nonfarm payrolls report for February was weaker than expected, but the silver lining is that the number of jobs added for the month […]
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CNBC Daily Open: The effect of Trump policies will sway Fed’s interest rate moves
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., Feb. 12, 2025. Nathan Howard | Reuters What you need to know today Signs of deflation in ChinaChina’s national consumer price index fell by 0.7% […]
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CNBC Daily Open: Trump paused tariffs for some imports — but Nasdaq enters correction territory
U.S. President Donald Trump speaks in the Oval Office, on the day he signs executive orders, at the White House in Washington, D.C., U.S. March 6, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump expanded his tariff pause to goods coming in from Canada and Mexico, so long as they satisfy terms of the […]
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U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury Secretary says
US Secretary of Treasury Scott Bessent addresses the Economic Club of New York on March 6, 2025. Charly Triballeau | Afp | Getty Images President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary Scott Bessent said Thursday. The U.S. is deploying […]
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