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.
What to know about Scott Bessent, Trump's pick for Treasury secretary
From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.
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,
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.
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.
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 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 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.
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 ...
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 ...
Donald Trump taps Scott Bessent for Treasury secretary, ending fierce battle for key job
Bessent, the 62-year-old founder of Key Square Group, has repeatedly backed the president-elect’s pro-tariff stance in a ...
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 ...
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 ...