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Fortune
Fortune
Jim Edwards

Bond traders believe Bessent’s ‘band-aid’ was ‘a heinous financial crime’

Photo: Scott Bessent (Credit: Aaron Schwartz / AFP via Getty Images)

Good morning. On Fortune’s radar today:

  • Exclusive: Venezuela likely to go for dollarization of its currency to cure hyperinflation .
  • Bond traders say Bessent’s ‘band-aid’ is ‘a heinous financial crime.’
  • Markets: Bitcoin is back! (A bit.)
  • The 60/40 portfolio, RIP.
  • What 5 million tons of seaweed did to Mexico’s hotel industry.
  • Tim Cook added $32 million per hour to Apple’s market cap, every single hour of his 15-year tenure.
  • Seafood truck crash creates 8-hour-long ‘squidpocalypse.’
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