Latest Steven Mnuchin News

How major US stock indexes fared Wednesday

Jun. 26, 2019 5:23 PM EDT

Stocks closed slightly lower on Wall Street Wednesday after an early rally fueled by optimism over the next round of trade talks between the U.S. and China lost momentum toward the end of the day. Stocks rose early after comments from Treasury Secretary Steven Mnuchin raised hopes for a U.S.-China trade deal....

Stocks indexes end mostly lower after early rally fades

Jun. 26, 2019 5:10 PM EDT

Stocks closed slightly lower on Wall Street Wednesday after an early rally fueled by optimism over the next round of trade talks between the U.S. and China lost momentum toward the end of the day. The wobbly finish extended the S&P 500 index's losing streak to a fourth straight day, though the market is still...

Markets Right Now: Dow has small loss as momentum fades

Jun. 26, 2019 4:27 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. The Dow Jones Industrial Average and S&P 500 are closing with small losses Wednesday after failing to hold onto early gains. Stocks rose earlier after comments from Treasury Secretary Steven Mnuchin raised...

The Latest: Bahrain FM gives interview to Israeli TV channel

Jun. 26, 2019 2:04 PM EDT

MANAMA, Bahrain (AP) — The Latest on developments surrounding a U.S.-hosted conference in Bahrain about Washington's economic plan for the Palestinians (all times local): 9 p.m. Bahrain's foreign minister has given an unprecedented interview to an Israeli television channel, calling for open communication...

US told Palestinian economic plan must have political vision

Jun. 26, 2019 10:46 AM EDT

MANAMA, Bahrain (AP) — The Trump administration's $50 billion economic support plan for the Palestinians cannot succeed without addressing the political elements of a Middle East deal, international financial chiefs and global investors said Wednesday in comments that pushed back on the U.S. insistence...

Kushner tries to sell Mideast plan to skeptical audience

Jun. 25, 2019 6:29 PM EDT

MANAMA, Bahrain (AP) — President Donald Trump's son-in-law and senior adviser, Jared Kushner, appealed Tuesday for the Palestinians to consider a $50 billion economic support plan, even though they already rejected the proposal because it does not include a political resolution to the long-running conflict...

Correction: Mideast-US Peace Plan story

Jun. 25, 2019 1:58 AM EDT

JERUSALEM (AP) — In a story June 23 about the new U.S. peace plan for the Middle East, The Associated Press incorrectly quoted Mideast expert Aaron David Miller as saying on Twitter that "The Palestinians' economic problem isn't a lack of money; it's a lack of liberty." Miller was quoting an article...

Treasury's watchdog to look into Tubman bill delay

Jun. 24, 2019 6:12 PM EDT

The U.S. Treasury's watchdog says it will look into why the redesign of the $20 bill featuring abolitionist Harriet Tubman was delayed. The Office of the Inspector General said in a letter on Friday to Sen. Chuck Schumer, D-N.Y., that it will consider the matter as part of an audit that is about to begin. The...

Trump signs order imposing sanctions on Iran supreme leader

Jun. 24, 2019 5:45 PM EDT

WASHINGTON (AP) — President Donald Trump signed an executive order on Monday targeting Iran's supreme leader and his associates with financial sanctions, the latest action the U.S. has taken to discourage Tehran from developing nuclear weapons and supporting militant groups. The sanctions follow Iran's...

US pushes Palestinian economic plan amid doubts, hostility

Jun. 24, 2019 2:17 PM EDT

MANAMA, Bahrain (AP) — Despite withering criticism, charges of hypocrisy and outright rejection from the intended beneficiaries, the Trump administration is plowing ahead with a $50 billion economic proposal to aid the Palestinians and hopes it will drive a much-anticipated but unseen Mideast peace plan....