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The Latest Breaking News from Scott Bessent

Lockheed Martin Shares Are Trading Low Wednesday: What's Going On?

Lockheed Martin Corp (NYSE:LMT) shares are trading lower on Tuesday, among other defense stocks, after Treasury Secretary Scott Bessent suggested the government may ask them to cut back on buybacks to address shortfalls in deliveries.

Benzinga

Trump Likely To Invest In More Rare Earths, Bessent Says

President Donald Trump's administration is likely to take stakes in more companies following China’s latest rare earth export limitations, Treasury Secretary Scott Bessent said Wednesday.

Benzinga

Peter Schiff Takes A Victory Lap: For Bitcoin, 'The Party Is Over'

Bitcoin (CRYPTO: BTC) underperforming against gold has prompted its prominent critic Peter Schiff to highlight the divergence.

Benzinga

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US Says Working On New $20 Bn 'Facility' For Argentina

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

International Business Times

US Treasury Chief: Beijing's Rare Earths Move Is 'China Vs World'

US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled."

International Business Times

Hillary Clinton Slams GOP As 'Trump Shutdown' Enters 3rd Week: They're Willing To 'Hold The Country Hostage' Over Health Care

Former Secretary of State Hillary Clinton criticized Republicans as the ongoing government shutdown under President Donald Trump entered its third week.

Benzinga

Elizabeth Warren Says Trump Is Giving $20 Billion To Argentina While Americans Can't Afford Groceries: Calls Out Bailout For 'Wall Street Hedge Funds'

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s decision to allocate $20 billion in taxpayer funds to Argentina, a move that comes at a time when Americans are still struggling at home.

Benzinga

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US Treasury Chief Accuses China Of Wanting To Hurt World Economy

US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths.

International Business Times

Charlie Kirk’s widow accepts Presidential Medal of Freedom on his behalf following Trump’s self-congratulatory speech: Live updates

Erika Kirk thanked President Donald Trump for honoring Charlie Kirk in ‘such a profound and meaningful way’

The Independent UK

US–China Trade War Expands to the Seas With New Port Fees on Each Other's Ships

The US–China trade war extends to the seas as both nations impose new port fees on each other's ships, raising global shipping costs.

International Business Times

Scott Bessent Warns SEC Shutdown Is Halting Major IPOs, Poses 'Serious National Security Issue' For America

U.S. Treasury Secretary Scott Bessent issued a stark warning, asserting that the ongoing government shutdown is not only politically motivated but also poses serious economic issues for America, including the stalling of major Initial Public Offerings (IPOs).

Benzinga

China says it will ‘fight to end’ after US said it was trying to hurt world economy

Commerce ministry says US is ‘threatening to intimidate’ with plans for new Trump tariffs on exports

The Guardian - UK

Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender

China showed no signs of backing down from President Trump’s trade war.

Fortune

Meghan, Duchess of Sussex, Selena Gomez, and the IMF—all on the same stage

Also: All the news and watercooler chat from Fortune.

Fortune

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Benzinga

Scott Bessent Says Shutdown Has Started To Affect The Economy: 'No Kings Means No Paychecks'

According to U.S. Treasury Secretary Scott Bessent, the ongoing federal government shutdown is showing signs of affecting the nation’s economy.

The Guardian - UK

UK economy at risk of ‘bumpy landing’; JP Morgan’s Dimon warns of ‘more cockroaches’ after collapse of First Brands and Tricolor – as it happened

Rolling coverage of the latest economic and financial news

Benzinga

IMF Chief Kristalina Georgieva Brushes Off Trump's Trade War Threats: 'Trade Is Like Water, You Put In An Obstacle, It Goes Around It'

As tensions rise between the U.S. and China over fresh tariff threats, International Monetary Fund chief Kristalina Georgieva is urging calm, arguing that global trade is far more resilient than it appears.

Fortune

'Scandalous’: top economist Jeremy Siegel warns U.S. sleepwalked into rare-earths crisis as China tightens its grip

The Wharton professor says Washington ignored the mineral threat for decades, leaving U.S. supply chains exposed and Beijing in control of 90% of global refining.

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Fortune

Argentina passes the begging bowl, again

Maybe President Trump has bet on a dead horse. After all, Argentina has never been a good bet.

Fortune

Crypto markets rebound after $19 billion wipeout leaves traders reeling

Bitcoin and Ethereum prices are recovering after traders suffered the largest liquidation event ever tracked by analytics firm CoinGlass.

Benzinga

Trump's 'Genius Act' Sparks Hyperinflation Fears, Congresswoman Violates STOCK Act And More: This Week In Politics

Another week, another batch of stories. Here’s a quick roundup of the key political stories from the week that you might have missed.

Benzinga

Trump's Fed Chair Shortlist Narrows To Five Doves: Who Are They?

Following a series of intense interviews, Treasury Secretary Scott Bessent has reportedly cut President Donald Trump's list of Federal Reserve chair candidates to down to five, from an initial pool of eleven.

Euronews

US throws Argentina €17bn lifeline as Milei-Trump ties deepen

Washington’s rare move to buy pesos and open a massive swap line steadied Argentina’s markets — but set off a political storm.

Benzinga

Scott Bessent's $20 Billion Lifeline For Argentina A Bailout For 'His Hedge Fund Buddies,' Says Paul Krugman

Nobel Prize-winning economist, Paul Krugman has slammed U.S. Treasury Secretary Scott Bessent for the administration’s $20 billion aid package for Argentina, calling it a lifeline for his “hedge fund buddies,” rather than being a move that furthers in U.S. strategic interest.

International Business Times

US Finalizes $20 Bn Economic Lifeline For Argentina, Buys Pesos

US Treasury Secretary Scott Bessent said Thursday that Washington had bought Argentine pesos and finalized a $20 billion economic support program to help prop up the South American nation's faltering finances.

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