Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
Category: Stocks and Bonds
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The High Risk, High Reward Trump Market
Faced with unconventional and disruptive proposals, investors are figuring out how to place their bets.
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Nvidia’s Earnings Report: What to Watch
Investors have high hopes for the chipmaker, the world’s most valuable company, which has enormous influence over the stock market.
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Walmart Sees ‘Momentum’ Ahead of Holiday Shopping Season
The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year.
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Spirit Airlines Files for Bankruptcy
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
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Why Oil Companies Are Walking Back From Green Energy
As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar.
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Stocks Fall as Wall Street’s Election Enthusiasm Subsides
The post-election rally has lost steam, with the S&P 500 down 2 percent for the week. But major stock indexes are still up since Election Day.
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Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
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Corporate America Bets on a Market-Friendly Trump 2.0
Investors have been comforted by a clear election result and are anticipating tax cuts and deregulation from a second Trump administration.
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Exxon Chief to Trump: Don’t Withdraw From Paris Climate Deal
Darren Woods was one of only a few Western oil executives attending a global climate conference in Baku, Azerbaijan.
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Doubts Grow Over the Booming Trump Trade
The stunning post-election stock market rally could be in jeopardy if the president-elect’s agenda spurs inflation, and adds to the deficit, analysts warn.