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Category: Bessent

  • Nasdaq slide leads stocks lower with earnings, Bessent confirmation hearing in focus

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    Investor Empires

    Stocks rose on Wednesday after the December CPI reading finally showed some relief in core inflation and investors calibrated Fed rate cut bets. But the risk of sticky prices still looms large in the face of regime change in Washington when President-elect Donald Trump takes office next week. Economists largely…

  • Senator Lummis Holds Talks With Treasury Secretary Bessent On Bitcoin Reserve Strategy

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    Investor Empires

    In a significant step toward creating a US Strategic Bitcoin Reserve, Senator Cynthia Lummis recently met with new Treasury Secretary Scott Besent, according to a recent report. Social media sharing On X (formerly Twitter) where Loomis expressed optimism about Bessent’s potential support for digital assets, especially BTC. Trump rings the…

  • Scott Bessent made billions on Wall Street with these big bets

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    Investor Empires

    Little has been reported about Besant’s personal wealth. Unlike his hedge fund peers like Ray Dalio and Ken Griffin, he does not appear on billionaire lists. Bloomberg or Forbes. But some details about his net worth will emerge later as he is required to liquidate some properties to avoid any…

  • US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts

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    Investor Empires

    (Bloomberg) — Hedge fund boss Scott Besent’s nomination Friday for U.S. Treasury secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extensive search that included several prominent contenders. Most read from Bloomberg The $28 trillion U.S. Treasury market was effectively closed for the…

  • Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

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    Investor Empires

    Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…

  • Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

    •

    Investor Empires

    Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…