Economy

Bessent sees trade deal likely with China before November deadline on reciprocal tariffs

Bessent sees trade deal likely with China before November deadline on reciprocal tariffs

Treasury Secretary Scott Bessent expressed confidence Tuesday that a trade deal with China is near. With so-called reciprocal tariffs set to take effect in November, Bessent said during ...

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TikTok ‘framework’ deal overshadows U.S.-China trade talks

TikTok ‘framework’ deal overshadows U.S.-China trade talks

U.S. Treasury Secretary Scott Bessent arrives to meet Spain’s Foreign Minister Jose Manuel Albares, to continue discussions on trade, economic and national security issues, in Madrid on S...

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UK economy stalls in July, as slowdown sets in

UK economy stalls in July, as slowdown sets in

A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on 13th June 2022, in London, England. Richard Baker | In Pictures | Getty Images U.K. e...

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Bessent met this week with Warsh, Lindsey, Bullard as Fed chief search continues

Bessent met this week with Warsh, Lindsey, Bullard as Fed chief search continues

Scott Bessent, U.S. treasury secretary, in the Oval Office of the White House in Washington, D.C., on Aug. 6, 2025. Bonnie Cash | Bloomberg | Getty Images The search for the next Federal Re...

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Trump’s tariffs are slowly finding their way into consumer prices

Trump’s tariffs are slowly finding their way into consumer prices

A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images From clothing to auto parts to electronics and more, tariffs are mak...

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Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Res...

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