Jim Edwards
Executive Editor at Fortune
https://t.co/gynu57LqKd. Formerly: Founder Moneyin2, EIC/News at Business Insider, author of Say Thank You for Everything.
Articles
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2 days ago |
fortune.com | Jim Edwards
Treasury secretary nominee Scott Bessent in the Hart Senate Office Building on Dec. 11. Anna Moneymaker—Getty Images
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2 days ago |
finance.yahoo.com | Jim Edwards
Speaking in Geneva where the U.S. and China had been negotiating all weekend, U.S. Treasury Secretary Scott Bessent said the U.S. will lower tariffs on China to 30% (down from 145%), and China will lower tariffs on the U.S. to 10% (down from 125%). The reductions will last for 90 days while further trade talks continue. A separate tariff of 20% on China, intended to deter the export of fentanyl, will remain.
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2 days ago |
flipboard.com | Jim Edwards
NowBitcoin and crypto have surged over the last few weeks as fears swirl a $2.5 trillion “avalanche” is heading for the U.S. dollar. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters …
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5 days ago |
fortune.com | Jim Edwards
Global markets largely rose this morning as investors appear to be betting that President Trump will eventually compromise on much of his tariff agenda, and that although tariffs will remain in place they will sit at the 10% level—lower than some had predicted.
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6 days ago |
finance.yahoo.com | Jim Edwards
Global markets rallied broadly this morning after the U.S. Federal Reserve kept interest rates on hold yesterday and Fed chairman Jerome Powell made it clear he would pursue monetary policy, and fight inflation, independently of President Trump’s desires for lower interest rates. Investors in Europe and Asia were also cheered by news of an incoming trade deal between the U.S. and the U.K. and ongoing talks with China.
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