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The Latest Breaking News from Scott Bessent

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

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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

Trump’s Treasury pick leaves investors hopeful that he’ll take the sting out of ‘America First’ trade policies

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury secretary, with markets buoyed by comments on tariffs.

Fortune

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.

Top News

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…

Barchart

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

The Guardian - UK

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The Guardian - UK

Possible Europe-US trade war could push euro into parity with the dollar

If Donald Trump imposes tariffs on EU imports the eurozone is likely to take a hit, causing euro to slide further

The Independent UK

Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

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.

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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.

Top News

Scott Bessent: Trump's Treasury Pick With Diverse Background

Scott Bessent, Trump's treasury secretary pick, advocates for deficit reduction, tax cuts, and tariffs as sanctions.

The Independent UK

Trump picks Scott Bessent for treasury as he announces flurry of cabinet picks

President-elect announced nominations to lead several departments and agencies as he continues to staff his next administration

The Guardian - US

Trump makes flurry of choices including labor secretary and CDC chief

President-elect picks Fox News personalities and key loyalists as he looks to fill crucial agency and advisory roles

The Guardian - US

Scott Bessent: billionaire hedge-fund manager who is ‘all in’ for Trump

The 62-year-old treasury nominee has spent his career in finance, and made a big bet on Trump winning the election

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