Lawmakers in the US House of Representatives have urged Treasury Secretary Janet Yellen to rethink ties with Hong Kong’s banking sector, citing concerns that the city is increasingly becoming a hub for money laundering and sanctions evasion, according to a report read more Lawmakers in the US House of Representatives have urged Treasury Secretary Janet…
US stock markets are on the move following Donald Trump’s announcement of billionaire Scott Bessent as his Treasury secretary. The Dow Industrial Jones (^DJI) climbed 250 points during intraday trading, reflecting investor optimism regarding the Cabinet selection. Meanwhile, Wall Street is eyeing quarterly results from Zoom and Agilent Technologies after the market close. Trending tickers…
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…
US stock futures climbed on Monday amid high hopes for President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary. Investors also looked ahead to a Federal Reserve-favored inflation print. Dow Jones Industrial Average futures (YM=F) led the advance, up roughly 0.7%. S&P 500 futures (ES=F) rose 0.5%, while those on the tech-heavy Nasdaq 100…
Donald Trump has chosen hedge fund veteran Scott Bessent to serve as his Treasury Secretary, reports confirm. The decision ended a highly competitive search for the position, which saw numerous big names in the running. Tesla CEO Elon Musk had previously weighed in, offering his thoughts on the matter. Musk publicly endorsed Howard Lutnick as…