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The Latest Breaking News from Scott Bessent

What does it mean that Milei ended Argentina's strict controls on currency and capital?

President Javier Milei promised Argentinians that an economic revival would follow the pain of harsh austerity

The Independent UK

Homegrowns Are Next

Plus: Luigi trial, Polis sucking, tariff polling, and more...

Reason

Stocks Rise As Stability Returns, Autos Surge On Exemption Hope

The US president's unorthodox approach to trade diplomacy continues to fuel uncertainty among investors, with speculation over new levies on high-end technology and pharmaceuticals dampening sentiment.

Latin Times

From analysis to the latest developments in health,
read the most diverse news in one place.

The White House pressed for fast negotiations with its shock and awe tariffs. Now it can’t drum up enough interest from a ‘first mover’

The rhetoric out of Trump’s cabinet on tariffs is changing, with Scott Bessent pushing for a “first mover” to sign on the dotted line for a deal with the U.S.

Fortune

Trump grumbles about China’s ‘lovely meeting’ with Vietnam, saying they're discussing how to ‘screw the United States of America’

Vietnam is Xi Jinping’s first stop on a three-nation Southeast Asia tour, as China and the U.S. escalate their trade war.

Fortune

Why bonds, not stocks, could predict the next economic crisis in the US

A sell-off in US Treasuries has raised fears that investors’ long term confidence in the US economy is waning.

Al Jazeera

Asian Stocks Mixed As Stability Returns, Autos Lifted By Exemption Hope

Asian stocks were mixed Tuesday as some stability returned to markets after last week's rollercoaster ride, with auto firms boosted by Donald Trump's possible compromise over steep tariffs on the sector.

International Business Times

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The Latest: Both the US and El Salvador refuse to return wrongly deported man to the US

President Donald Trump’s top advisers and Nayib Bukele, the president of El Salvador, said Monday that they had no basis for the small Central American nation to return Kilmar Abrego Garcia, a Maryland man who was wrongly deported there last month

The Independent UK

ARK Invest’s Cathie Wood calls Trump tariffs ‘shock therapy’ that could clear the way for freer trade and economic stimulus

After Treasury Secretary Scott Bessent appeared to take the lead on trade negotiations, Wood turned bullish on the president’s tariff regime.

Fortune

Donald Trump’s 29-year-old crypto guru lays out the president’s plans for regulating crypto and rolling back a Biden-era crackdown

Since his appointment, Bo Hines has become a mini-celebrity in the crypto world—with CEOs, billionaire investors, and lobbyists vying for face time.

Fortune

Jamie Dimon argues JPMorgan can help fix bond market chaos

The Treasury market helps the global economy go-round, and Wall Street is watching closely for signs the Fed may need to intervene.

Fortune

As JPMorgan, Wells Fargo and Morgan Stanley beat Q1 expectations, Jamie Dimon says he cares less about the U.S. economy than that the “Western world stays together economically”

Mostly positive bank earnings were clouded by the chaotic start to Q2 and the murky economic outlook.

Fortune

Trump’s tariff battle with China has ‘echoes of the Vietnam war’, US economist says

Adam Posen, former Bank of England policymaker, compared the tactics to Johnson and Nixon refusing to back down

The Guardian - UK

White House refuses to provide list of countries it claims reached out with tariff deal

‘They all want to negotiate. The only problem is ... you can only do so many at one time,’ president says

The Independent UK

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news in one place.

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Fortune

Top economist Larry Summers is highly concerned U.S. Treasuries were trading 'like those of an emerging market nation'

In a wide ranging interview with Fortune, the former Treasury Secretary also says we're already seeing the first signals of a possible recession.

Euronews

Xi calls for fair global governance during meeting with Spain's Sánchez

Tariffs announced last week and than paused by US President Donald Trump could push the European Union to pursue more trade with China, the world's third-largest consumer market after the US and the EU.

Fortune

Inside the bond market’s $800 billion ‘murder mystery’

One of Trump’s head economists said the spike in yields added “urgency” to the decision to pause the president’s reciprocal tariffs.

The Guardian - UK

China raises US tariffs to 125% as Xi invites EU to team up against Trump ‘bullying’

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continues

Get all your
news in one place.

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One news app.

Fortune

The U.S. is now gearing up for a confrontation with China, which some say was the plan all along

The case for and against the existence of Trump’s Grand Plan.

Kiplinger

Stock Market Today: Uncertainty Proliferates: Dow Loses 1,014 Points

Weaker-than-expected consumer inflation data wasn't enough to stabilize sentiment during another volatile day for financial markets.

The Independent UK

US budget deficit grows to $1.3 trillion, the second highest six-month level on record

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year

Euronews

Spain's Pedro Sánchez aims for closer trade ties with China amid US tariffs uncertainty

Washington has criticised Spain's outreach to China with Treasury Secretary Scott Bessent saying cosying up to Beijing is like 'cutting your own throat.'

Reason

America Gained Nothing From Trump's Latest Tariff Stunt

There were no deals. There were no wins. There was no plan.

The Independent UK

Inside Trump’s Oval Office as he called senators during Fox News breaks and world leaders begged to end his tariff plan

The president said he was acting ‘instinctively’ after announcing the surprise 180 on Wednesday. However multiple sources said that the build up to the decision was drawn out over a number of days

Kiplinger

Trump Plans to Terminate IRS Direct File program

Direct File was piloted last year in 12 states and has since expanded to 25. But some wonder whether the program will last under the Trump administration.

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