Dow, Russell 2000 hit new records as investors cheer Trump's Treasury pick

A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday.

The Markets Cheer Trump’s Treasury Pick, Scott Bessent

Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.

Top stories - The New York Times - Yesterday

Trump rally carries US small-cap stocks to all-time high

Promise of corporate tax cuts helps Russell 2000 index eclipse 2021 record

Business - Financial Times - Yesterday

UK assessment of worker rights bill ‘not fit for purpose’, warns watchdog

Ministers have failed to explore the impact of higher costs on jobs and economic activity, says RPC

World - Financial Times - Yesterday

FirstFT: Meet Trump’s hawkish foreign policy team

Also in today’s newsletter, Wall Street bonuses set to jump after two fallow years and China unveils new stealth jet

World - Financial Times - November 12

Bitcoin Hits a Record as Crypto Investors Root for a Trump Win

Bitcoin’s price went above $75,000, breaking the record that the digital currency set in March.

Business - The New York Times - November 6

US stocks hit record and investors dump bonds after Trump victory

Dollar rallies in its best day in 2 years as ‘Trump trades’ sweep through global markets

World - Financial Times - November 6

Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets. Trump’s administration and White House staffing picks and likely contenders – so far ...

World - The Guardian - 4 days ago

Trump names investor Scott Bessent as Treasury secretary

President-elect Trump on Friday named billionaire investor Scott Bessent to be his Treasury secretary. Bessent would be the key leader of the president-elect’s economic team, which will be tasked ...

Politics - The Hill - 4 days ago

Treasury yields fall as investors endorse Trump's Treasury secretary pick, await inflation data

U.S. Treasury yields were lower on Monday as investors weighed President-elect Donald Trump's Treasury secretary pick and awaited a key inflation reading.

Business - CNBC - Yesterday

Investors cheer Trump’s economic agenda, defying gloomy media

Donald Trump winning the popular vote and control of Congress was not the only shocker this week; the stock market response was almost as stunning.

Politics - The Hill - November 8

Dow finishes at record high after Trump wins 2024 presidential election

The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers ...

Trump Ponders New Treasury Picks, Plans SpaceX Launch Visit With Musk

Apollo Global Management Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh are new names in the mix of candidates for Secretary of the Treasury.

Business - Inc. - November 19

Trump's Treasury pick search

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump mulls new Treasury options, Commerce pick President-elect Trump is ...

Politics - The Hill - November 18

Trump Taps Investor Scott Bessent as Treasury Secretary

The hedge fund manager will be responsible for steering President-elect Donald J. Trump’s unconventional economic agenda.

Business - The New York Times - 4 days ago

Trump’s Treasury Selection Seen as Calming for Investors

Donald Trump has picked Scott Bessent to serve as Treasury secretary.

Business - Inc. - 3 days ago

Dow closes at record high, defying fears of panic sparked by Trump's tariff threat

The major stock indexes surged higher on Tuesday.

Trump election win spurs US stocks to strongest week in a year

S&P 500 breaks through 6,000 for first time

Business - Financial Times - November 8

Elliott pushes to break up Honeywell after taking $5bn stake

US activist investor wants to split the conglomerate’s aerospace and automation businesses

Business - Financial Times - November 12

Trump Picks Russell Vought, Key Figure in Project 2025, to Lead OMB

Russell Vought, who would lead the Office of Management and Budget, has spent years building plans to rework the American structure of government in ways that would enhance presidential power.

Top stories - The New York Times - 4 days ago

Trump picks Project 2025 author Russell Vought to lead budget office

President-elect Donald Trump tapped Project 2025 co-author Russell Vought to serve as the director of the Office of Management and Budget (OMB) during his second administration. Vought served as ...

Politics - The Hill - 4 days ago

Bitcoin rises to a new record as investors absorb growing Ukraine-Russia tensions

Bitcoin moved higher Tuesday amid rising geopolitical tensions between Ukraine and Russia.

Business - CNBC - November 19

Trump picks Scott Bessent as Treasury secretary

Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs

Business - Financial Times - 4 days ago

Trump picks hedge fund manager Scott Bessent to serve as treasury secretary

President-elect Donald Trump on Friday announced he had asked Scott Bessent, a hedge fund executive and top fundraiser to his campaign, to serve as secretary of the Treasury Department.

Who is Trump's treasury secretary pick, Scott Bessent?

Scott Bessent, a billionaire hedge fund manager who has helped fundraise for Donald Trump, is the president-elect's choice to lead the Treasury Department.

China’s defence minister placed under investigation for corruption

US officials say probe is part of wider operation to uncover graft in People’s Liberation Army

Business - Financial Times - 8 hours ago

These 2 men are the front-runners to be Trump's new Treasury secretary

Two prominent supporters of President-elect Trump’s campaign have emerged as the front-runners to lead the Treasury Department during his second administration. Trump has reportedly narrowed his ...

Politics - The Hill - November 14

No mojitos and no lights: Cuba’s tourism industry fights losing battle

Power cuts and shortages of basic items plague Communist-ruled island’s vital sector

World - Financial Times - 4 days ago

Ex-Barclays chief John Varley pulled back into fight to clear bank’s name

Financial Conduct Authority fined lender £50mn over 2008 emergency fundraising

World - Financial Times - 4 days ago

Palantir’s stock is moving to the Nasdaq. Why investors are cheering the move.

The change positions Palantir for entry into the Nasdaq 100 index, after it joined the S&P 500 several months back.

Business - MarketWatch - November 15

Stock-market investors cheered the end of election uncertainty. Policy uncertainty remains.

Investors asked themselves whether the postelection rally could continue, and if Trump is really as good for the market as some think.

Business - MarketWatch - November 18

10-year Treasury yield logs biggest gain in 2 weeks after Fed minutes point to slower rate cuts

Treasury yields ended mixed on Tuesday, with the benchmark 10-year rate landing on higher ground after minutes from the Federal Reserve’s November policy meeting pointed to a more gradual pace of ...

Business - MarketWatch - 17 hours ago

These Are the Best Places to Cheer for the New York City Marathon

Here’s our guide to picking a good cheering location, whether you are following one runner’s progress or looking for a good spot to park yourself for the day.

Top stories - The New York Times - November 1

US shares and Bitcoin hit record highs on Trump win

The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.

Bitcoin hits record above $75,000 as crypto industry celebrates Trump win

Republican presidential victor has vowed to end regulatory crackdown on cryptocurrency industry

World - Financial Times - November 6

Latest in Dow, Russell 2000 hit new records as investors cheer Trump's Treasury pick