Musk Points Fingers At Billionaires Soros, Hoffman Over Tesla Protests—Citing Unnamed ‘Investigation’

Musk Points Fingers At Billionaires Soros, Hoffman Over Tesla Protests—Citing Unnamed ‘Investigation’

Topline Elon Musk, the world’s richest man, blamed fellow billionaires George Soros, Reid Hoffman and the ActBlue fundraising organization over recent protests targeting his firm Tesla, citing an “investigation”—though it’s unclear what investigation he’s referencing. Protesters have voiced opposition to Elon Musk’s DOGE by demonstrating outside Tesla dealerships. … [+] (Tom Williams/CQ-Roll Call, Inc via…

Read More
Jim Cramer examines Wall Street's reaction to Trump Treasury secretary

Jim Cramer examines Wall Street’s reaction to Trump Treasury secretary

CNBC’s Jim Cramer on Monday reviewed investors’ reaction to President-elect Donald Trump‘s latest cabinet pick, hedge fund manager Scott Bessent. His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. “What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin…

Read More
Donald Trump Nominates Scott Bessent

Global Markets Rise as Trump Taps Scott Bessent for Treasury Role

Global markets rose Monday as investors responded positively to President-elect Donald Trump‘s nomination of billionaire hedge fund manager Scott Bessent as Treasury secretary. European and Asian markets largely tracked Wall Street‘s gains last week, reflecting optimism over a potentially market-friendly economic plan. In Europe, Germany‘s DAX climbed 0.7 percent to 19,461.11, while France‘s CAC 40…

Read More
Does China face a currency war as Trump taps Soros protégé Bessent for Treasury chief?

Does China face a currency war as Trump taps Soros protégé Bessent for Treasury chief?

China may be under pressure to let its currency appreciate and should reduce reliance on the US market, Chinese analysts said, after a former protégé of billionaire George Soros was tapped to become Washington’s top economic official. US president-elect Donald Trump on Friday picked hedge fund manager Scott Bessent, founder of investment firm Key Square…

Read More