Trump taps Bessent for Treasury

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.
Wall Street Sees Gains Following Trump's Pick of Bessent for Treasury
U.S. stock markets saw gains on Monday following President-elect Donald Trump's nomination of Scott Bessent for Treasury.
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.
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.
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 .
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.
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.
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 Chooses Bessent for Treasury in a Nod to Wall Street
Good morning. Trump’s Treasury pick shows the president-elect doesn’t want to rile Wall Street. More women are rising through the ranks of finance in Saudi Arabia, boosting its economy. And Eurovision sings on,
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,
Trump’s Treasury pick and former Soros money manager Scott Bessent’s hedge fund reaped windfall during 2022 downturn
President-elect Donald Trump’s pick for Treasury Secretary operates a hedge fund that reaped a massive windfall two years ago — even as global markets sagged.
Scott Bessent Appointment Makes This 11% Yield A ‘Screaming Buy’
Hedge fund veteran and Wall Street-approved suit Scott Bessent is likely the new Treasury secretary. That’s why this 11% ...
Wall Street Fear Index Falls After Trump Appoints Bessent
The market is feeling mellow at the start of Thanksgiving week. The Cboe Volatility Index, a widely followed Wall Street fear ...
Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will ...
Dow Jumps 400 Points As Wall Street Embraces Trump’s Treasury Pick Scott Bessent
Financial markets rallied in the first trading session following President-elect Donald Trump’s nomination of Wall Street ...