Latest news with #StevenMnuchin
CNBC
24-06-2025
- Business
- CNBC
Fmr. Treasury Secretary Mnuchin: I expect Fed will lower rates 75 to 100 basis pts over next year
Steven Mnuchin, Liberty Strategic Capital founder and managing partner and former Treasury Secretary, joins CNBC's 'Squawk on the Street' to discuss policy expectations for the Federal Reserve.
Fox News
11-06-2025
- Business
- Fox News
The Faulkner Focus - Wednesday, June 11
All times eastern Making Money with Charles Payne FOX News Radio Live Channel Coverage WATCH LIVE: Trump's treasury secretary testifies on Capitol Hill after reaching China deal
Business Standard
22-05-2025
- Business
- Business Standard
China's Shanghai Composite index slips 0.22%
Asian stocks followed Wall Street lower on Thursday after longer-dated U.S. Treasury yields hit their highest in 18 months on concerns that a new budget proposal could swell the country's federal deficit. U.S. President Donald Trump is championing an extension of his 2017 tax cuts, which analysts warn could add trillions to the federal governments already massive $36.2 trillion debt pile. The plan has sparked fears of an even wider deficit, especially as interest payments continue to soar. Former Treasury Secretary Steven Mnuchin said during a panel discussion at the Qatar Economic Forum that he's more alarmed by the growing budget deficit than the trade deficit, and urged Washington to prioritize fiscal repair. The dollar stayed weak in Asian trade on U.S. fiscal woes and gold scaled a two-week high while oil extended losses for a third straight session after a surprise inventory build and amid Iran-U.S. nuclear talks. China's Shanghai Composite index slipped 0.22 percent to 3,380.19 and Hong Kong's Hang Seng index fell 1.19 percent to 23,544.31 on U.S. fiscal concerns. Baidu lost 4 percent after posting a marginal rise in Q1 revenues.
Yahoo
21-05-2025
- Business
- Yahoo
Wall Street Wobbles: Bond Yields Explode, Deficit Fears Mount, and Geopolitics Rattle Markets
Stocks just hit a speed bump. After rallying hard off April lows, the S&P 500 (SPY) slipped 0.52% by 10.54pm as the mood turned cautious across Wall Street. Investors are digesting a messy mix of political wrangling in Washington, fresh warnings about America's growing debt load, and a spike in long-term Treasury yields. The 30-year yield crossed 5%, unsettling risk appetite. Meanwhile, reports that Israel may be gearing up for a strike on Iran pushed oil prices higher and added a new layer of geopolitical risk. Market nerves briefly calmed when word spread that the EU could offer a fresh trade proposal to the it wasn't enough to stop the selloff. The budget drama in D.C. is heating up. Republicans are scrambling to finalize a revised version of Trump's economic bill, with a SALT cap boost to $40,000 at the center of the negotiations. That tweak might unlock a House vote, but it's also reigniting conservative pushback demanding deeper spending cuts. Moody's recent credit downgrade served as a reminder: the U.S. isn't immune to debt stress. Former Treasury Secretary Steven Mnuchin didn't hold back, calling the deficit more worrisome than the trade imbalance and pushing for urgent fiscal repair. The 10-year yield jumped to 4.53%, while the dollar softened as bond markets recalibrated. Corporate stories added more texture to the tape. UnitedHealth (NYSE:UNH) dropped after reports of controversial incentives for nursing homes. Take-Two (NASDAQ:TTWO) is tapping investors for $1 billion. Lowe's held up surprisingly well despite weak consumer sentiment, while Boeing (NYSE:BA) hinted that 737 jet production could be stabilizing. Nvidia's (NVDA) Jensen Huang slammed current AI chip export rules, warning they might hand the market to China. Tesla (NASDAQ:TSLA) traded steady amid the broader slide. Elsewhere, Moderna (NASDAQ:MRNA) pulled its flu-Covid combo shot application, and Phillips 66 (NYSE:PSX) shareholders backed activist nominees in a rare U.S. proxy win for Elliott. Bottom line? Macro worries are rising, but stock-specific moves are still creating opportunitiesif you know where to look. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Wall Street Wobbles: Bond Yields Explode, Deficit Fears Mount, and Geopolitics Rattle Markets
Stocks just hit a speed bump. After rallying hard off April lows, the S&P 500 (SPY) slipped 0.52% by 10.54pm as the mood turned cautious across Wall Street. Investors are digesting a messy mix of political wrangling in Washington, fresh warnings about America's growing debt load, and a spike in long-term Treasury yields. The 30-year yield crossed 5%, unsettling risk appetite. Meanwhile, reports that Israel may be gearing up for a strike on Iran pushed oil prices higher and added a new layer of geopolitical risk. Market nerves briefly calmed when word spread that the EU could offer a fresh trade proposal to the it wasn't enough to stop the selloff. The budget drama in D.C. is heating up. Republicans are scrambling to finalize a revised version of Trump's economic bill, with a SALT cap boost to $40,000 at the center of the negotiations. That tweak might unlock a House vote, but it's also reigniting conservative pushback demanding deeper spending cuts. Moody's recent credit downgrade served as a reminder: the U.S. isn't immune to debt stress. Former Treasury Secretary Steven Mnuchin didn't hold back, calling the deficit more worrisome than the trade imbalance and pushing for urgent fiscal repair. The 10-year yield jumped to 4.53%, while the dollar softened as bond markets recalibrated. Corporate stories added more texture to the tape. UnitedHealth (NYSE:UNH) dropped after reports of controversial incentives for nursing homes. Take-Two (NASDAQ:TTWO) is tapping investors for $1 billion. Lowe's held up surprisingly well despite weak consumer sentiment, while Boeing (NYSE:BA) hinted that 737 jet production could be stabilizing. Nvidia's (NVDA) Jensen Huang slammed current AI chip export rules, warning they might hand the market to China. Tesla (NASDAQ:TSLA) traded steady amid the broader slide. Elsewhere, Moderna (NASDAQ:MRNA) pulled its flu-Covid combo shot application, and Phillips 66 (NYSE:PSX) shareholders backed activist nominees in a rare U.S. proxy win for Elliott. Bottom line? Macro worries are rising, but stock-specific moves are still creating opportunitiesif you know where to look. This article first appeared on GuruFocus. Sign in to access your portfolio
