Biden warns that an oligarchy is taking hold in America. There is data to back him up.
Wealth disparity in the U.S. has grown since 2009, according to Fed data, with a significant increase in the share of the ...
There's a DOGE effort to bring federal workers back to offices. Bessent joins that push.
Trump's new "Department of Government Efficiency" has called for eliminating the ability of government employees to work from ...
Trump 1.0's China trade deal proved disappointing. Bessent suggests taking another stab at it.
Bessent has brought up the Trump 1.0 trade deal that called for Chinese purchases from U.S. farmers -- an agreement that's ...
Mortgage rates rise past a key mark, signaling bad news for the housing market
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a ...
Nasdaq, S&P 500 touch session lows
The tech-driven selloff in stocks was gathering some steam in afternoon trade, leaving the Nasdaq Composite and S&P 500 near their session lows. Dow was off about 115 points, or 0.3%, near 43,101. S&P ...
Warren says she would back Trump's recent call to abolish debt ceiling
Sen. Elizabeth Warren, Democrat from Massachusetts, told Bessent she would support an effort by President-elect Donald Trump to abolish the debt ceiling, the legal limit on U.S government borrowing ...
Bank of Canada's Gravelle: US-Canada Trade Row Would Be 'Hard' for Economy
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
Investors are 'holding tight' ahead of more earnings, Trump inauguration
Investors were "holding tight" as the nation's biggest banks kicked off fourth-quarter earnings season on a positive note and ahead of the inauguration of President-elect Donald Trump on Jan. 20 ...
Bessent says U.S. doesn't need a central bank digital currency
Bessent said that he sees no reason for the U.S. to have a central bank digital currency. "In my mind, a central bank digital currency is for countries who have no other investment alternatives," ...
NYC Fuel Supplier Accuses Rival of Trying Monopolize Diesel, Heating Oil Market -- OPIS
Wednesday's suit comes after Sprague sued New York City in 2023 for allegedly violating its competitive bidding process when it awarded Approved Oil a multi-year contract to supply renewable diesel to ...
Netradyne Raises $90M in Series D Funding
Netradyne said it raised $90 million in a Series D funding round which was led by Point72 Private Investments. Other participants included Qualcomm Ventures and Pavilion Capital, the ...
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'Wall Street can continue to do well, maybe not as well,' Bessent says
Trump's Treasury pick talked up how extending 2017's tax cuts could help small businesses following a question from GOP Sen. John Barrasso of Wyoming, while suggesting Wall Street might not do as well ...