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The Latest Breaking News from Scott Bessent

Donald Trump keeps baiting the Fed—but Jerome Powell's not biting

"We're supposed to achieve maximum employment and price stability for the benefit of all Americans and keep out of politics completely," Powell said.

Fortune

OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline

The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep oil prices stagnant into next year

The Independent UK

Powell 'Not Concerned' US Fed Would Lose Independence Under Trump

Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the US central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.

International Business Times

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3 Growth Stocks That Won’t Slow Down in 2025

Many analysts are becoming more bullish about lower corporate taxes and lower interest rates; here are three stocks set to deliver solid returns in 2025.

MarketBeat

Trump cabinet criticized as hodgepodge team unified only by ‘absolute fealty’ to him

Political analysts say president-elect ‘cannot resist chaos’ as he preps administration across ideological spectrum

The Guardian - US

Trump cabinet picks shaped by new power centers in his orbit

Boris Epshteyn, Susie Wiles and JD Vance hold outsized influence in the president-elect’s administration selections

The Guardian - US

Trump's New Tariffs Could Create Higher Gas Prices

And higher gas prices will make it more expensive to move goods around the country.

Reason

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The total wealth of Trump’s top team is $340 billion — more than the GDP of 169 countries

Several billionaires and wealthy mega donors and executives are nominated for key economic posts

The Independent UK

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Bessent worked for Soros and played a key role in the short bet that “broke the Bank of England.”

Fortune

The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?

Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who might do good or harm.

Fortune

Stock Market Today: The S&P 500 Reclaims the 6K Level

Investors see Scott Bessent as a safe shepherd of the economy as the president-elect burnishes his "Tariff Man" reputation.

Kiplinger

Trump tariff ‘surprise’ pushes FTSE 100 into the red

The US President-elect singled out Mexico and Canada in particular for tariffs in a social media post.

Evening Standard

Boris Epshteyn accused of seeking bribes

Trump reportedly discovered Ephsteyn was shaking down potential Cabinet picks like Scott Bessent and Eric Greitens

Salon

Global Shares Retreat As Trump Plans New Tariffs

Global shares decline on Trump's tariff plans, impacting markets worldwide. Treasury yields ease, Fed may adjust rate cuts. Oil prices rise, U.S. dollar we...

Top News

Trump Transition Team Lawyer Investigates Allegations Against Adviser

Allegations of Boris Epshteyn using Trump ties for personal gain prompt review and potential consequences.

The Independent UK

Trumpworld turns on one of its own: Boris Epshteyn faces internal probe over pay-to-play scheme

Boris Epshteyn is accused of profiting personally from his proximity to the president-elect

Fortune

"Let the banks be banks"—Trump’s U.S. Treasury nominee has $23 trillion bank sector champing at the bit

Bankers expect Trump's Treasury Secretary nominee to remove regulatory burdens.

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The Guardian - US

Trump’s cabinet isn’t as anti-Wall Street as voters might want to believe

The man Trump has tapped as US treasury secretary was only recently derided by Elon Musk as the ‘business-as-usual choice’

The Guardian - US

Trump vows 25% tariffs on Mexico and Canada and deeper tariffs on China

President-elect attacks neighbors over immigration and accuses China over fentanyl entering US

Fortune

Trump fires the first salvo in his renewed trade war with China: A 10% across-the-board tariff

On Truth Social, Trump alleged that Chinese inaction on illegal fentanyl was the reason behind the new 10% tariff.

The Guardian - UK

Donald Trump’s trade tariffs could cost US consumers $2,400 a year – business live

Rolling coverage of the latest ecoonomic and financial news

The Independent UK

Stock market today: Asian shares mostly fall on worries about Trump's tariffs

Asian shares have mostly declined as worries spread over President-elect Donald Trump's comment that he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office

The Guardian - US

Trump adviser accused of seeking payments as infighting returns

Boris Epshteyn accused of asking potential nominees to pay monthly fees in apparent ouster attempt by rivals

International Business Times

Most Asian Markets Drop, Dollar Gains As Trump Fires Tariff Warning

Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.

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