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Bessent says ‘many’ allies have asked for currency swaps amid Iran war

Bessent says ‘many’ allies have asked for currency swaps amid Iran war

U.S. Treasury Secretary Scott Bessent arrives to testify during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Chip Somodevilla | Getty Images Treasury Secretary Scott Bessent said on Wednesday that “many” oil-rich U.S. allies in the Persian…

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Rep. David Scott, a Georgia Democrat, dies at age 80

Rep. David Scott, a Georgia Democrat, dies at age 80

Rep. David Scott, D-Ga., questions HUD Secretary Marcia Fudge during the House Financial Services Committee hearing titled Building Back A Better, More Equitable Housing Infrastructure for America: Oversight of the Department of Housing and Urban Development, in Rayburn Building on Tuesday, July 20, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images U.S. Rep. David Scott, a Georgia Democrat…

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Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him

Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him

Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chair, told lawmakers that he would like the central bank to change its strategy for measuring inflation. But Bank of America economist Aditya Bhave warned Wednesday that such a reconfiguration — part of a broader “regime change” that Warsh has promised for the central bank —…

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Tesla earnings don’t really matter to the stock anymore. What Wall Street is watching for

Tesla earnings don’t really matter to the stock anymore. What Wall Street is watching for

Tesla’s earnings report is coming after markets close on Wednesday, but those figures won’t be a top driver of movement in the stock, Wall Street analysts said. Signals about the company’s longer-term ventures in energy storage, autonomous driving, AI chips, and robotics are more likely to matter to the share price. Tesla is facing declining…

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