Bank of America has been hit with a multi-agency penalty by the U.S. Treasury for anti-money laundering failures just ahead of its earnings report.

Treasury Secretary Scott Bessent has challenged currency traders to bet against him, asserting he holds asymmetric information on Bank of Japan policy.

Treasury Secretary Scott Bessent's aggressive short-term debt interventions to lower borrowing costs have sparked intense backlash from Wall Street as the 30-year yield climbs above 5.3%.

President Donald Trump has announced a major economic campaign against Iran, threatening severe penalties for any country that provides the nation with a lifeline.