Wall Street, Treasury and Donald Trump

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.
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.
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 .
Dow Jumps 400 Points As Wall Street Embraces Trump’s Treasury Pick Scott Bessent
Investors are “appreciative” of Trump’s nomination of the “business-as-usual” Bessent as Treasury secretary, remarked one strategist.
To Wall Street, Trump’s Pick to Run Treasury Needs No Introduction
After a messy, public competition between hopefuls, President-elect Donald Trump nominated hedge fund manager Scott Bessent to be the next Treasury secretary. On today’s Big Take DC podcast, hosts Saleha Mohsin and David Gura discuss why Trump chose Bessent,
Stock Futures Jump After Trump Picks Wall Street Ally Bessent for Treasury Secretary
Stock futures were pointing to further gains on Monday, with the market cheered by President-elect Donald Trump choosing Wall Street veteran Scott Bessent to head up the Treasury Department. Futures t
Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
Trump ally Elon Musk publicly threw his weight behind Howard Lutnick for Treasury secretary. Trump went with Scott Bessent instead.
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.
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 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.
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Trump’s safe Treasury pick suggests he doesn’t want to rock the boat on Wall Street
President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. Scott Bessent won’t freak ...
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Wall Street Ready to Wrap Up Winning Month, Week
The Dow is ready to wrap up its best month since November 2023, while all three major benchmarks head for weekly and monthly gains. While the week was short, investors still had plenty of retail data ...