News

U.S. Treasury Secretary Bessenter: Bank sanctions depend on the actions of the international community.

U.S. Treasury Secretary Bessenter: We hope that no more banks will need to be sanctioned.

Tesla (TSLA.O) shares fell as much as 6.3% after the official launch of Cybercab, which missed market expectations.

Market news: The U.S. government has requested the Supreme Court to authorize the reinstatement of restrictions on mail-in voting.

Citigroup: The Fed is expected to cut interest rates by 25 basis points each in June, September and December 2027 (previously predicted to be cut in October 2026, December 2026 and January 2027).

Nick Timiraos, the Fed's mouthpiece, has expressed continued dissatisfaction with Trump's tendency to trigger stock market corrections with any evidence of an overheated economy in economic reports. He reiterated his call for lower interest rates: "The Fed Board and its excellent new leadership must be wise—this time with a bit of patriotism."

U.S. Treasury Secretary Bessant: The employment data shows that the (U.S.) economy is not solely driven by the AI ​​construction boom. Canada lost over 40,000 jobs, while our employment data shows a significant increase.

U.S. Treasury Department: Latest U.S. sanctions related to Iran target three entities.

The U.S. Treasury Department website publishes general licenses related to Iran.

The U.S. Global Supply Chain Stress Index for August was 1.06, revised from 0.8 to 0.94 in the previous month.

The U.S. Treasury Department website announced a new round of sanctions related to Iran.

White House National Economic Council Director Hassett: I spoke with President Trump last night, and he did not offer any advice to the Federal Reserve.

White House National Economic Council Director Hassett: We are doing everything we can to lower prices.

White House National Economic Council Director Hassett: Raising interest rates is seen as an option on the table.

White House National Economic Council Director Hassett: Inflation is under control.

According to RIA Novosti, Russia says it has hit an oil tanker near Odessa, Ukraine.

According to Interfax news agency, Russia claims it hit a cargo ship in Chernomorsk, Ukraine.

White House National Economic Council Director Hassett: High oil prices are a short-term phenomenon.

Portugal has indicated it will negotiate with Lufthansa and Air France.

US President Trump called for the passage of the "Save America Act".