After Trump announced controversial tariffs, investor confidence plummeted, leading to a significant stock market selloff. Experts warn of potential inflation and recession as economic concerns mount.
In a surprising move, President Trump has ousted IRS Commissioner Billy Long just two months after his confirmation, marking the shortest tenure in the role's history. Long will now serve as ambassador to Iceland, while concerns about IRS turnover and tax policy continue to swirl.
U.S. Treasury Secretary Scott Bessent warns that the Federal Reserve's independence is at risk due to 'mandate creep' and calls for a review of its recent renovation project amid budget concerns.
Despite Trump's ambitious goal of '90 deals in 90 days', a closer look reveals a troubling reality: not even nine deals may be completed by the deadline. With extensions looming and global reactions intensifying, the future of US trade looks uncertain.
In a move that could shake markets, Treasury Secretary Scott Bessent announced that steep tariffs will resume on August 1 unless countries negotiate better terms. President Trump is sending letters to trading partners, urging swift action.
Elon Musk's announcement of a new political party, the 'America Party,' has sparked a fierce debate with Trump and raised eyebrows among investors. What does this mean for Musk's business empire and the upcoming elections?
In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
In a significant move, the Trump administration has directed Republican lawmakers to eliminate the proposed 'revenge tax' targeting international firms. This decision follows an agreement with G7 nations to exempt U.S. companies from a global minimum tax, aimed at protecting American business interests and encouraging foreign investment.
Stocks are soaring as US-China trade talks show signs of easing tensions. Investors are optimistic, but concrete announcements are still awaited. Can these discussions lead to sustained market growth?
Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.
