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The Latest Breaking News from Scott Bessent

Trump To Face Less Internal Pushback In New Term: Ex-commerce Chief

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

International Business Times

Stocks Rally In Response To Trump's Choice For Next Treasury Secretary

The Dow Jones Industrial Average closed at a record high Monday as investors breathed a sigh of relief over the selection of hedge-fund founder Scott Bessent as treasury secretary.

International Business Times

Stocks Settle Higher as Bond Yields Fall on Trump’s Treasury Secretary Pick

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.99%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.14%. Stocks settled higher on Monday, with the S&P 500 and Dow Jones Industrials posting...

Barchart

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Stock Market Today: Stocks Enjoy a Bessent Boost

The Dow closed at an all-time high as investors welcomed Donald Trump's Treasury secretary nominee.

Kiplinger

Dollar Tumbles with Bond Yields as Trump Nominates Bessent as Treasury Secretary

The dollar index (DXY00 ) on Monday fell by -0.70%. The dollar tumbled Monday after President-elect Trump picked Scott Bessent as the new US Treasury Secretary. Bessent is seen as a fiscal hawk and favors less government spending and more gradual tariffs, a negative factor for the dollar. Also, Bessent’s...

Barchart

Russell 2000, Dow, S&P 500 All Achieve Record Highs In Wall Street's Historic Day; Bitcoin, Gold Tumble: What's Driving Markets Monday?

A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S.

Benzinga

Shift From Nvidia To This Stock As The Favorite, Traders Moving From Trump Trade To Bessent Trade

To gain an edge, this is what you need to know today.

Benzinga

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What Scott Bessent's Treasury Secretary Nomination Means for Investors

Markets are reacting positively to Trump's nomination of Scott Bessent for Treasury Secretary. Here's why.

Kiplinger

S&P 500 and Dow Jones Post Record Highs on Trump’s Treasury Secretary Pick

The S&P 500 Index ($SPX ) (SPY ) today is up +0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.32%. Stocks are moving higher today, with the S&P 500 and Dow Jones Industrials posting...

Barchart

Dollar and Gold Slump on Nomination of Bessent as Treasury Secretary

The dollar index (DXY00 ) today is down by -0.61%. The dollar is falling today after President-elect Trump picked Scott Bessent as the new Treasury Secretary, who is seen as a fiscal hawk and favors less government spending and more gradual tariffs. Bessent’s nomination eases concerns about Trump’s inflationary agenda,...

Barchart

Betting on Bessent

Plus: Pregnant law student fights a holy war, NYC officials are trying to ruin your holidays, and more...

Reason

Stocks and Bonds Rally as Trump Nominates Bessent for Treasury Secretary

The S&P 500 Index ($SPX ) (SPY ) today is up +0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.94%. Stocks are moving higher today, with the S&P 500 and Dow Jones Industrials posting...

Barchart

Equity Markets Mostly On Front Foot, As Bitcoin Rally Stutters

Major stock markets mostly rose Monday as traders welcomed Donald Trump's pick for Treasury secretary, while bitcoin's push to $100,000 ran out of steam after coming within a whisker of the mark last week.

International Business Times

Global Markets Rise On Positive Investor Sentiment

Global markets show positive momentum post-Trump's Treasury secretary nominee announcement. European and Asian shares rise, while tech stocks face challeng...

Top News

Sen. Rand Paul Opposes Military Use For Immigration Enforcement

Sen. Rand Paul opposes military involvement in immigration enforcement and evaluates Treasury nominee over tariff concerns.

Fortune

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.

International Business Times

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

Trump Unveils Series of New Appointments: Scott Bessent as Treasury Secretary, Russ Vought For Budget Office

He unveiled new nominees for key positions, including secretaries for HUD, Treasury, and Labor, along with the CDC director and Surgeon General.

Al Jazeera

Trump picks billionaire investor Scott Bessent as Treasury secretary

Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs.

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