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The Latest Breaking News from Scott Bessent

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

The Guardian - US

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.

Fortune

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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 Guardian - 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 Independent UK

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

The Guardian - US

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.

International Business Times

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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

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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Kiplinger

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.

Barchart

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,...

Reason

Betting on Bessent

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

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Barchart

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...

International Business Times

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.

Top News

Business Leaders Relieved With Scott Bessent As Treasury Secretary

Industry leaders express relief over Scott Bessent's appointment as Treasury Secretary under Trump's administration.

Barchart

Stocks Set to Open Higher as Investors Cheer U.S. Treasury Pick, Fed Minutes and Inflation Data in Focus

December S&P 500 E-Mini futures (ESZ24) are up +0.45%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.57% this morning as investors welcomed Scott Bessent’s nomination as U.S. Treasury Secretary, while also awaiting the publication of the minutes of the Federal Reserve’s latest policy meeting as well as the…

The Guardian - UK

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

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