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DARK SECRETS: Scott bessent | Rare Historical Photos

Bessent dares traders to bet against Yen: ‘I am the house now’

In a provocative statement, Treasury Secretary Scott Bessent has urged traders to reassess their approach to the Japanese yen, indicating that he has keen foresight regarding future directives from Japanese policymakers. His recent actions marked the first yen acquisitions by U.S. authorities in three decades, along with unexpected plans to…

The Economic Times

China Says AI Distillation Is 'Normal' Business, Not Theft, and Warns US Against Crackdown

China denies US accusations of AI model theft, calling it a normal practice. Beijing warns of countermeasures and urges cooperation, while US agencies detail alleged distillation methods.

International Business Times UK

Oil Prices And Yields Climbed Again On Wednesday. Stocks Dropped.

President Donald Trump said that elevated gas prices won't come down until after the midterms.

International Business Times

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Trump's War in Iran Has Cost Americans Over $101 Billion at the Pump

Gasoline is up nearly 30 percent, and diesel prices are at a record high since the war began.

Reason

Treasury Unveils $6B in Bond Buybacks as Bessent Warns 'I Am the House' on Yen Intervention. Here's How Markets Are Reacting.

Secretary Bessent’s activist approach to markets gets mixed reviews on Wall Street.

Barchart

Bond market rebuffs US treasury’s plan to buy back $6bn in government debt

Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis

The Guardian - US

Bessent Announced Increased Bond Buybacks. Treasury Yields Jumped Anyway.

The 10-year Treasury yield climbed to its highest level since 2023 despite the announcement.

International Business Times

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Scott Bessent Says How Much Economic Growth Is Needed For The U.S. To Grow Its Way Out Of Its Debt Trap

"We don't have a revenue problem. We have a spending problem," Bessent said.

International Business Times

Trump's Double Keynote Headlines Lineup at First-Ever GOP Midterm Convention in Dallas: How to Watch 2026 RNC

Trump opens and closes the GOP's first-ever midterm convention in Dallas today. Full schedule, live-stream links, and why Rubio isn't speaking.

Latin Times

Bessent Says it Is Imperative For The U.S. To Win The AI Race: 'No Day After Tomorrow If China Wins'

"If they were to pull away from us on AI, then nothing else would matter," the Treasury secretary added.

International Business Times

‘Unfounded accusations’: China rejects US claims of 'malicious' AI distillation by its firms

China on Wednesday rejected US allegations that its artificial intelligence companies are engaged in “aggressive, malicious” efforts to extract capabilities from advanced American AI models, calling on Washington to stop making what it described as unfounded accusations.

The Times of India

‘I am the house now’: Scott Bessent dares the currency markets to move against him

Everything you need to know before you reach the office this morning.

Fortune

China hits back at US claims of 'malicious' AI distillation ahead of planned Trump-Xi talks

China has dismissed U.S. claims that Chinese artificial intelligence developers extract capabilities from frontier American AI systems

The Independent UK

US sanctions all remaining Iranian airlines, with 27 carriers hit in fresh action

Donald Trump-led United States on Tuesday imposed sanctions on “all remaining Iranian airlines” that had not previously been targeted, as Washington moved to increase economic pressure on Tehran.

The Times of India

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International Business Times

The U.S. Is Escalating Its Economic Pressure Campaign Against Iran. Over Two Dozen Airlines Are Being Targeted.

"Let this be a warning to anyone doing business with Iran's remaining airlines, all of which we sanctioned today: You are at risk of being cut off from the global financial system," said Scott Bessent.

The Economic Times

US sanctions all remaining Iranian airlines in 'economic D-Day' push, says Tehran's aviation sector is out of the market

The United States has sanctioned all remaining Iranian airlines and supporting companies. These actions target thirty-six entities for aiding Iran's aviation sector. The Treasury Department stated this move aims to choke Tehran financially. Firms in the UAE, Turkey, and Malaysia also face penalties. This escalates economic pressure in the ongoing…

The Independent UK

What to expect as Republicans gather in Dallas for Trump’s midterm convention

High ranking Republicans and voters head to Dallas this week in a desperate attempt to rally support ahead of the midterms

France 24

Canada's counter-tariffs take effect on several US goods as trade war reignites

Canada's counter-tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the two countries heated up. Ottawa's pushback comes weeks after US President Donald Trump imposed 50-percent tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US…

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Fortune

‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year

Last time the net interest payments were this high was 35 years ago. Analysts warn the U.S. is worse off now than it was then.

International Business Times

Trump, Aides Clamor To Sway Fed's Policy. Is Kevin Warsh In A Fix?

This is an unusual public clamor by the administration's top aides ahead of a Fed meet. Many of the Trump administration have also called for a rate cut instead. The idea seems to be to facilitate a narrative in which to pressurize the Fed under its new chair Kevin Warsh,…

The Economic Times

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

President Trump voiced his dissatisfaction regarding the state of the economy, attributing inflation and financial difficulties to both market volatility and the Federal Reserve's policies. His administration is banking on artificial intelligence and tariffs as catalysts for economic growth. Nonetheless, analysts point out that his approach may have exacerbated inflation…

The Guardian - US

Captain calamity: Pete Hegseth under fire for ‘inept’ leadership of US military

The US defense secretary faces internal dissent and discord at the Pentagon, accused of focusing on culture war issues and his own political ambitions as the Iran war drags on

The Economic Times

US Treasury Secretary Scott Bessent sees crude oil as low as $40 post-Iran war, lower bond yields

Treasury Secretary Scott Bessent anticipates oil prices will fall significantly after the Iran conflict concludes. He expects crude oil to reach as low as forty dollars a barrel due to oversupply. This decline in oil prices will subsequently lower bond yields, which have recently surged. Bessent also downplayed Norway's sovereign…

The Economic Times

US, China gear up for mid-September AI safety talks

The talks, the first official bilateral discussions devoted exclusively to AI between the US and China since US President Donald Trump took office for a second time, will be led by US Treasury Secretary Scott Bessent on the US side, the sources, who were briefed on the planning, said on…

Fortune

Bitcoin is trading more like an ‘amplified version of gold’ again, but the four-year cycle theory threatens further declines

Some analysts warn the four-year cycle set to complete later this year could bring another slide.

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