Treasury secretary blames China’s DeepSeek for stock-market plunge: ‘A Mag 7 problem, not a MAGA problem’
The stock market plunge has more to do with the emergence this year of China’s DeepSeek artificial intelligence tool than ...
Treasury's Bessent: Market drop a 'Mag 7' problem, not a MAGA one, he says in Tucker Carlson interview
The stock market plunge has more to do with the emergence this year of China's DeepSeek artificial intelligence tool than ...
WTH? Bessent tries to blame market sell-off on DeepSeek versus Trump’s tariffs
In an astonishing interview, U.S. Treasury Secretary Scott Bessent blamed the stock market plunge on China's DeepSeek versus President Trump's tariffs.
It's a MAG-7, not a MAGA problem: Treasury Secretary Scott Bessent taunts investors, says Wall Street wipeout is due to DeepSeek-led AI bubble, not Donald Trump's tari…
Scott Bessent defends Trump tariffs as markets plunge, shifting blame to DeepSeek and MAG-7 tech stock losses. As the S&P 500 ...
'It's More A Mag 7 Problem Than A MAGA One,' Says Bessent As Wall Street Implodes
Wall Street's decline blamed on tech stocks, not Trump's tariffs. Treasury Secretary Scott Bessent says reassessment of AI valuations triggered selloff.
Morningstar3d
Bessent brushed off stock-market losses after tariff announcement. He also gave a glimmer of hope.
Treasury Secretary Scott Bessent gave a flip answer to stock-market ... What I would point out is that, especially the Nasdaq, peaked on DeepSeek day," he said, referring to the low-cost Chinese ...
Yahoo Finance3d
Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’
“What I would point out is that the Nasdaq peaked on DeepSeek day,” Treasury Secretary Scott Bessent told Bloomberg TV on Wednesday. “So that is a MAG-7 problem, not a MAGA problem.
Nvidia, Apple, Tesla stocks plunge, leading another 'Magnificent 7' sell-off as a trade war intensifies
Tech equities led the Nasdaq Composite (^ IXIC) down as much as 5% in its second consecutive sell-off after China announced ...
NBC New York4d
Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump's tariffs
Treasury Secretary Scott Bessent said Wednesday the sell-off ... What I would point out is that especially the Nasdaq peaked on DeepSeek day so that's a Mag 7 problem, not a MAGA problem ...