Trump said he will pick the Wall Street figure to take on his administration’s most important economic role.
Category: Finance News
Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion
“I’ve never wished to create a dynasty or pursue any plan that extended beyond the children,” Buffett wrote in a lengthy letter Monday.
Stocks making the biggest moves premarket: Robinhoood, Bath & Body Works, MicroStrategy, Macy’s and more
These are the stocks posting the largest moves in premarket trading.
UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.
Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
“Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns,” one financier told CNBC.
Fund managers at Fidelity share how they’re playing China’s stimulus plans
‘This round of the policy pivot is quite significant,’ Theresa Zhou, a fund manager at Fidelity International, told CNBC.
Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors
State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays do not offer the stability of gold.
Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
The founder of Key Square Group was deemed a strong favorite to lead the Treasury Department, along with several other contenders.
Top 10 S&P 500 stock winners since Election Day
Policy stances from the incoming Trump administration, bullish quarterly earnings and an “Elon Musk premium” led to lofty stock returns, experts said.
Stocks making the biggest moves midday: Reddit, Super Micro Computer, Intuit and more
These are the stocks posting the largest moves in midday trading.