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SCOTT BESSENT PROFILE
Japan shifts to ambush intervention tactics against yen short sellers, sources sayJapan's finance ministry is shifting tactics, abandoning public warnings about currency intervention. Officials now aim to surprise specula...
US 30-year yield hits highest since 2007 on inflation angstUS Treasury's 30-year bond yields surged to nearly two-decade highs as accelerating inflation concerns and rising energy prices fueled a gl...
Wall Street scales fresh highs on tech earnings, US-China trade optimismWall Street indexes reached record highs for a second day, fueled by optimism for a U.S.-China trade deal and anticipation of tech earnings...
US, China talks sketch out rare earths, tariff pause for Trump and Xi to considerTop economic officials from the US and China have agreed on a trade deal framework. This agreement aims to pause escalating American tariff...
US, China seek to avoid trade war escalation, salvage Trump-Xi meeting in Malaysia talksTop economic officials from the US and China met in Kuala Lumpur. Talks were described as constructive. The goal is to prevent further trad...
US, China hold talks in Kuala Lumpur to avert trade war escalationUS and China officials met in Kuala Lumpur to prevent trade war escalation ahead of Trump-Xi talks. Discussions focus on tariffs, technolog...
Expressed dismay to China over Nvidia ruling: Scott BessentTreasury Secretary Scott Bessent conveyed US negotiators' dismay to their Chinese counterparts regarding China's ruling that Nvidia violate...
Oil steady as market weighs supply risk from attacks on Russian refineriesOil prices remained stable after a previous session increase, influenced by concerns over potential Russian supply disruptions due to Ukrai...
Howard Lutnick in the line of fire: Wall Street executives urge Donald Trump to keep commerce secretary off TV before he does more damage to the economyWall Street officials have asked President Trump to prevent Commerce Secretary Howard Lutnick from making media appearances. They believe h...
US missing again as G20 finance chiefs meet in South AfricaFinance ministers and central bank chiefs from the G20 gathered in South Africa, with the absence of key US figures highlighting tension ov...
US Treasury official retires after dispute with Elon Musk’s allies over payment system access: ReportSenior US Treasury official David Lebryk announced his retirement on Friday through an email to colleagues, marking the end of decades of f...
How Scott Bessent won over MAGA and Wall StreetScott Bessent, a hedge fund executive, has been nominated as Treasury secretary by Donald Trump. Bessent gained support from both MAGA popu...
Donald Trump's cabinet is 2,881 times richer than Joe Biden's!Donald Trump is forming a cabinet dominated by billionaires, with a combined wealth exceeding $340 billion. Key appointees include Elon Mus...
He helped 'break' Bank of England. Now he may run US TreasuryScott Bessent, known for his role in the 1992 Bank of England crisis while working with George Soros, has been chosen to lead the Treasury ...
Elon Musk uses X to push his preferred political picks, Trump isn't always swayedMusk, who owns X and rocket company SpaceX and is chief executive of the electric car company Tesla Inc., poured at least $119 million into...
Elon Musk uses X to push his preferred political picks. Trump isn't always swayedIn several high-profile cases, however, Musk backed people who either lost out on the roles or withdrew from consideration, suggesting some...
Is Donald Trump Jr behind the most controversial cabinet in US history?Donald Trump Jr. is reportedly playing a pivotal role in shaping the next administration, advocating for loyalists over seasoned profession...
Billionaire Scott Bessent, who once worked for George Soros, is Trump's pick for Treasury secretary. Who is he?Donald Trump picked Scott Bessent to serve as Treasury secretary Friday. Scott Bessent is the founder of the investment firm Key Square Cap...
Donald Trump chooses billionaire and key transition adviser Howard Lutnick for commerce secretaryPresident-elect Donald Trump has nominated Howard Lutnick, a cryptocurrency enthusiast and head of Cantor Fitzgerald, for commerce secretar...
Trump's Treasury pick: Lutnick now a top contender alongside Bessent, sources sayHoward Lutnick and Scott Bessent are top contenders for the Treasury Secretary position in the upcoming Trump administration. Trump is expe...