July 8, 2025 - 18:58

U.S. Treasury Secretary Scott Bessent will not attend the upcoming Group of 20 finance ministers and central bank governors meeting scheduled for next week in South Africa. This decision marks the second occasion this year that Bessent has chosen to forgo participation in a G20 gathering in the host nation. According to sources familiar with the situation, an official from the Treasury confirmed that Michael Kaplan, the acting undersecretary for international affairs, will step in to represent the department at the meeting set for July 17-18 in Durban.
Bessent's absence from this meeting follows his decision to skip South Africa's initial G20 finance meeting earlier this year in February, prioritizing attendance at President Donald Trump's first cabinet meeting in Washington instead. The choice to delegate representation at such a significant international forum raises questions about the U.S. commitment to engaging with global economic discussions during a critical time.
March 6, 2026 - 20:36
Affiliated Managers Group, Credit Acceptance, Ally Financial, Synchrony Financial, and Capital One Shares Plummet, What You Need To KnowShares of several major financial companies experienced a sharp decline in afternoon trading Friday, reacting to a surprisingly weak U.S. employment report for February. The data indicated an...
March 6, 2026 - 07:11
February jobs report, Fed comments, retail sales: What to WatchInvestors are bracing for a data-heavy Friday that will deliver critical insights into the health of the U.S. economy. The spotlight will be squarely on the Labor Department`s February jobs report,...
March 5, 2026 - 19:46
Where investors can look for stability as the Iran war rattles marketsRising geopolitical tensions in the Middle East, following direct military exchanges between Israel and Iran, have injected fresh volatility into global financial markets. This uncertainty has...
March 5, 2026 - 05:22
'People Should Rent, Bro' Says Real Estate Investor Grant Cardone — 'There's No Real Money In Owning A Single Family Home' Compared To The S&P 500Real estate investor Grant Cardone is making a controversial case against the traditional American dream of owning a single-family home. On a recent podcast appearance, he argued that renting is...