Wall Street, Trump

Who Is Scott Bessent? Wall Street Is Delighted by Trump’s Treasury Pick
When Donald Trump announced Friday that hedge fund manager Scott Bessent was his pick for Treasury secretary, there was a massive sigh of relief from the markets, with the yield on the 10-year Treasury falling sharply (a sign that investors think Bessent will help keep inflation cool) and the stock market getting a little bump.
From Washington to Wall Street: Meet the New Treasury Secretary
Stocks: After underestimating the past two years, Wall Street strategists are back to being bullish. Year-end targets from firms including Goldman Sachs and Morgan Stanley fall near the 6,600 line — representing an advance of about 11.7% from Friday’s close.
Jim Cramer examines Wall Street's reaction to Trump Treasury secretary pick
CNBC’s Jim Cramer said investors demonstrated a belief that hedge fund manager Scott Bessent will be a prudent force as Donald Trump’s Treasury secretary .
Why Wall Street likes Trump's pick for Treasury
Hedge fund executive Bessent will be Trump’s primary conduit to Wall Street investors who are skeptical of the president-elect's punishing trade agenda.
Stock Futures Jump After Trump Picks Wall Street Ally Bessent for Treasury Secretary
Stock futures were pointing to further gains on Monday, with the market cheered by President-elect Donald Trump choosing Wall Street veteran Scott Bessent to head up the Treasury Department. Futures t
US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts
Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders.
Trump nominates Wall Street investor Scott Bessent as treasury secretary
Scott Bessent, the little-known Wall Street investor who became one of President-elect Donald Trump's top economic advisers, has been nominated to be the next treasury secretary in Trump's new administration.
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.
Trump’s Treasury Pick Will Please Wall Street
The choice of hedge fund manager Scott Bessent came after a public battle among Trump supporters over who should be the new Treasury secretary.
Trump’s Treasury pick boosts stock market
Now is one of the stronger times of the year for stocks. pic.twitter.com/Hh4kA7xx6V — Ryan Detrick, CMT (@RyanDetrick) November 26, 2024 The stock market rallied on Monday as investors reacted positively to President-elect Donald Trump’s nomination of Scott Bessent for Treasury Secretary.
Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros
In 1992, Bessent helped Soros pull off the firm’s greatest trade: shorting the British pound. The British government was part of the European Union at the time, and its central bank—the Bank of England—had committed to keeping the value of the pound within a strict range alongside other European currencies,
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Wall Street reacts to Treasury Secretary nominee
For this edition of the Two-Minute Money Plan, Greg Reynolds with Reynolds Wealth Management discusses President-elect ...
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Trump’s safe Treasury pick suggests he doesn’t want to rock the boat on Wall Street
President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. Scott Bessent won’t freak ...
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Wall Street Ready to Wrap Up Winning Month, Week
The Dow is ready to wrap up its best month since November 2023, while all three major benchmarks head for weekly and monthly gains. While the week was short, investors still had plenty of retail data ...