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HISTORICAL FACTS: 58 - The Untold Story

Betting on Bessent

Plus: Pregnant law student fights a holy war, NYC officials are trying to ruin your holidays, and more...

Reason

Stocks and Bonds Rally as Trump Nominates Bessent for Treasury Secretary

The S&P 500 Index ($SPX ) (SPY ) today is up +0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.94%. Stocks are moving higher today, with the S&P 500 and Dow Jones Industrials posting...

Barchart

Equity Markets Mostly On Front Foot, As Bitcoin Rally Stutters

Major stock markets mostly rose Monday as traders welcomed Donald Trump's pick for Treasury secretary, while bitcoin's push to $100,000 ran out of steam after coming within a whisker of the mark last week.

International Business Times

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Global Markets Rise On Positive Investor Sentiment

Global markets show positive momentum post-Trump's Treasury secretary nominee announcement. European and Asian shares rise, while tech stocks face challeng...

Top News

Trump’s Treasury pick leaves investors hopeful that he’ll take the sting out of ‘America First’ trade policies

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury secretary, with markets buoyed by comments on tariffs.

Fortune

Business Leaders Relieved With Scott Bessent As Treasury Secretary

Industry leaders express relief over Scott Bessent's appointment as Treasury Secretary under Trump's administration.

Top News

Stocks Set to Open Higher as Investors Cheer U.S. Treasury Pick, Fed Minutes and Inflation Data in Focus

December S&P 500 E-Mini futures (ESZ24) are up +0.45%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.57% this morning as investors welcomed Scott Bessent’s nomination as U.S. Treasury Secretary, while also awaiting the publication of the minutes of the Federal Reserve’s latest policy meeting as well as the…

Barchart

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Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

The Guardian - UK

Possible Europe-US trade war could push euro into parity with the dollar

If Donald Trump imposes tariffs on EU imports the eurozone is likely to take a hit, causing euro to slide further

The Guardian - UK

Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

The Independent UK

Sen. Rand Paul Opposes Military Use For Immigration Enforcement

Sen. Rand Paul opposes military involvement in immigration enforcement and evaluates Treasury nominee over tariff concerns.

Top News

Treasury pick Scott Bessent scored billion-dollar wins with these bets on Wall Street

While little has been reported about his wealth, a look at Bessent's winning bets while working in finance offer some insight into how me made his fortune.

Fortune

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

Trump Unveils Series of New Appointments: Scott Bessent as Treasury Secretary, Russ Vought For Budget Office

He unveiled new nominees for key positions, including secretaries for HUD, Treasury, and Labor, along with the CDC director and Surgeon General.

International Business Times

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Al Jazeera

Trump picks billionaire investor Scott Bessent as Treasury secretary

Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs.

Top News

Scott Bessent: Trump's Treasury Pick With Diverse Background

Scott Bessent, Trump's treasury secretary pick, advocates for deficit reduction, tax cuts, and tariffs as sanctions.

The Independent UK

Trump picks Scott Bessent for treasury as he announces flurry of cabinet picks

President-elect announced nominations to lead several departments and agencies as he continues to staff his next administration

The Guardian - US

Trump makes flurry of choices including labor secretary and CDC chief

President-elect picks Fox News personalities and key loyalists as he looks to fill crucial agency and advisory roles

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The Guardian - US

Scott Bessent: billionaire hedge-fund manager who is ‘all in’ for Trump

The 62-year-old treasury nominee has spent his career in finance, and made a big bet on Trump winning the election

Salon

Trump taps hedge fund boss for Treasury

The hedge fund manager-turned-loyal MAGA fundraiser was given a nom for the powerful Cabinet position

International Business Times

Budget, Debt: Trump's Treasury Chief Faces Urgent Challenges

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision and grappling with the country's debt limit.

The Guardian - US

Trump’s picks of loyalists for financial posts ensures his economic agenda is unimpeded

Howard Lutnick and Scott Bessent, commerce and treasury nominees respectively, are sure to ignore economist’s warnings and follow Trump’s lead

International Business Times

Trump Names Hedge Fund Manager Scott Bessent As Treasury Chief

US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.

The Guardian - US

Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets

Top News

Donald Trump Offers Treasury Secretary Role To Scott Bessent

President-elect Trump offers hedge fund manager Scott Bessent treasury secretary position, highlighting his financial expertise.

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