Sure, it’s nice to get a big, fat refund come tax time. But that just means you overpaid your taxes last year. Now Treasury Secretary Scott Bessent is urging Americans to review their tax withholdings to boost their paychecks. On April 15, during a White House press conference about President Donald Trump’s tax breaks, Bessent…
Bitcoin (BTC-USD) fell near $67,000 on Thursday, hitting its lowest level since October 2024. The token is down more than 45% from last year’s all-time high, erasing all gains made during President Trump’s second term. Investors had been optimistic that the administration’s pro-cryptocurrency policies would lift digital asset prices. Despite the intense selling, some bitcoin…
By David Lawder WASHINGTON, Nov 3 (Reuters) – U.S. industrial equipment maker OTC Industrial Technologies has long used low-cost countries to supply components – first China and then India – but President Donald Trump’s barrage of tariffs on numerous trading partners has altered the supply chain math for Chief Executive Bill Canady. “We took things…
By Seher Dareen LONDON (Reuters) – Oil prices recovered from early losses on Monday, as optimism over a U.S.-China trade deal offset concerns about weak demand for crude. Brent crude futures were down 14 cents, or almost 0.2%, at $65.70 a barrel by 1227 GMT. US West Texas Intermediate crude oil futures fell 9 cents,…
WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent said on Sunday he expects China to revive substantial purchases of U.S. soybeans over several years and will delay its expanded rare earths licensing regime by a year and re-examine it after two days of trade talks in Malaysia. Bessent told CBS’ “Face the Nation” that soybean…
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Sunday he had reached a “very substantial framework” with Chinese Vice Premier He Lifeng that will avoid 100% U.S. tariffs on Chinese goods and achieve a deferral of China’s rare earth export controls. Bessent said during the taping of an interview with NBC’s “Meet the Press”…
By Rozanna Latiff and David Lawder KUALA LUMPUR/WASHINGTON (Reuters) – Top U.S. and Chinese economic officials will arrive in Kuala Lumpur on Friday for talks aimed at avoiding an escalation of the trade war and keeping next week’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping on track. US Treasury Secretary Scott…
President Donald Trump said Wednesday that he “felt it was time” to hit Russia with tougher sanctions, a major escalation amid his latest attempt to pressure Vladimir Putin to end his war against Ukraine. “Today is a very important day in terms of what we’re doing. They are tremendous sanctions. They are very big,” Trump…
(Reuters) – The U.S. Treasury bought Argentine pesos in the spot and Blue Chip Swap markets on Thursday and continues to monitor all markets, Treasury Secretary Scott Bessent said on Friday. “The Treasury is monitoring all markets and we have the ability to act with flexibility and force to stabilize Argentina,” he said in a…
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar fell on Thursday as the trade war between China and the United States weakened investor confidence, while growing confidence that the U.S. Federal Reserve will cut its policy rate this year also weighed on the dollar. The euro rose 0.14% to $1.1664 in early trading, hitting…
