Latest Steven Mnuchin News

Sears sues former chairman Eddie Lampert

Apr. 18, 2019 2:02 PM EDT

NEW YORK (AP) — Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets. The lawsuit, which was filed late Wednesday with the U.S. Bankruptcy Court of the Southern District of New...

Where the investigations related to President Trump stand

Apr. 18, 2019 12:25 AM EDT

WASHINGTON (AP) — A look at where investigations related to President Donald Trump stand and what may lie ahead for him: WHAT YOU NEED TO KNOW The Justice Department expects to make a redacted version of special counsel Robert Mueller's report on the Russia investigation public Thursday. Attorney General...

Turkey eyes US sanctions waivers on Iran oil, Russia arms

Apr. 16, 2019 6:21 PM EDT

WASHINGTON (AP) — Turkey "expects" the Trump administration to grant it waivers from U.S. sanctions related to its purchases of Iranian oil and Russian air defenses, a top aide to Turkish President Recep Tayyip Erdogan said Tuesday. Presidential spokesman and senior adviser Ibrahim Kalin told a news...

Asian shares mixed after lackluster Wall Street session

Apr. 15, 2019 11:02 PM EDT

TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index added 0.2% to 22,208.70. China's Shanghai Composite index lost 0.6% to 3,158.76 and the Hang Seng index in Hong Kong lost 0.3% to 29,736.05. South Korea's Kospi gave...

Mnuchin says Fed independence is important globally

Apr. 15, 2019 4:57 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve's independence is important globally, while refusing to comment on President Donald Trump's latest attack on the Fed. Mnuchin was asked about Trump's tweet Sunday that if the Fed had done its job properly, the stock...

World stocks mostly rise on US-China trade talks, earnings

Apr. 15, 2019 7:35 AM EDT

SINGAPORE (AP) — World stocks mostly edged up on Monday after the U.S. and China said they were closing in on a trade deal, without giving a timeline, and amid optimism over corporate earnings. Britain's FTSE 100 was flat at 7,433 while the CAC 40 in France gained 0.1% to 5,509. Germany's DAX was also up...

Asian shares advance on US-China trade hopes

Apr. 14, 2019 11:26 PM EDT

SINGAPORE (AP) — Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. The Shanghai Composite index gained 1.7% to 3,243.91. Japan's Nikkei 225 index jumped 1.5% to 22,190.71 and the Kospi in South Korea added 0.7% to...

Finance officials pledge cooperation, but tensions persist

Apr. 14, 2019 12:45 AM EDT

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International...

House Democrat, treasury chief bicker over Trump tax returns

Apr. 13, 2019 10:49 PM EDT

WASHINGTON (AP) — A top House Democrat on Saturday ratcheted up his demand for access to President Donald Trump's tax returns, telling the IRS that the law clearly gives Congress a right to them. The government's failure to respond by an April 23 deadline could send the dispute into federal court. Trump's...

House oversight chairman to subpoena Trump's accountant

Apr. 12, 2019 6:12 PM EDT

WASHINGTON (AP) — The chairman of the House oversight committee said Friday he intends to subpoena President Donald Trump's accountant for his financial records. Rep. Elijah Cummings, D-Md., told committee members in a letter that Mazars USA wouldn't turn over records for Trump, his company and related...