Bessent says he expects 'de-escalation' in U.S.-China tariff fight in the 'very near future'
Highlights: – The escalating tariffs between the United States and China have led to significant impacts on global markets, businesses, and consumers, highlighting the urgency for a potential de-escalation for stabilization. – U.S. Treasury Secretary Scott Bessent's cautious optimism about a future de-escalation in tariffs reflects a strategic pivot towards negotiation for rebalancing trade relations, […]
Corporate America shelled out millions for Trump's inauguration. Now he's upending many of their businesses
Highlights: – Corporate America contributed an unprecedented $200 million to Trump's inauguration, showcasing a strategic effort to influence policy agendas and gain early access to the administration. – Despite the significant financial support, corporations faced challenges as policy changes under the Trump administration, such as tariffs and regulatory rollbacks, produced both favorable and adverse impacts […]
Trump has talked to former Fed Governor Kevin Warsh about firing Powell, report says
Highlights: – The reported discussions between President Trump and Kevin Warsh regarding the replacement of Fed Chair Jerome Powell raised significant concerns about the independence of the Federal Reserve and potential market instability, emphasizing the crucial role the Federal Reserve plays in stabilizing the U.S. economy. – The legal ambiguities surrounding the President's authority to […]