President-elect Donald Trump picked prominent investor Scott Bessent to take on the role of U.S. treasury secretary.
President-elect Donald Trump picked prominent investor Scott Bessent to take on the role of U.S. treasury secretary on November 22, putting him at the helm of a cabinet position, if confirmed, with vast influence over economic, regulatory and international affairs.
Wall Street had been closely watching who Trump would choose for the coveted role, especially given his plans to remake global trade through tariffs. A handful of finalists emerged in recent days, including former Federal Reserve governor Kevin Warsh and Apollo Global Management CEO Marc Rowan.
Bessent has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
The UN has welcomed a U.S.-brokered peace deal between the Democratic Republic of the Congo and Rwanda, calling it a major step toward regional stability.
U.S. President Donald Trump has strongly denied reports suggesting his administration considered offering Iran $30 billion for a civilian nuclear program, calling the claims a “hoax.”
President Donald Trump said Friday he believes any potential conflict with North Korea can be resolved, pointing to his strong relationship with leader Kim Jong Un.
U.S. President Donald Trump has abruptly ended trade negotiations with Canada, citing Ottawa’s plan to implement a digital tax targeting major tech firms.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
The UN has welcomed a U.S.-brokered peace deal between the Democratic Republic of the Congo and Rwanda, calling it a major step toward regional stability.
U.S. President Donald Trump has strongly denied reports suggesting his administration considered offering Iran $30 billion for a civilian nuclear program, calling the claims a “hoax.”
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
Thousands of Iranians filled the streets of Tehran on Saturday to mourn senior military leaders and nuclear scientists killed in recent Israeli airstrikes.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
U.S. President Donald Trump has strongly denied reports suggesting his administration considered offering Iran $30 billion for a civilian nuclear program, calling the claims a “hoax.”
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
The UN has welcomed a U.S.-brokered peace deal between the Democratic Republic of the Congo and Rwanda, calling it a major step toward regional stability.
U.S. President Donald Trump has strongly denied reports suggesting his administration considered offering Iran $30 billion for a civilian nuclear program, calling the claims a “hoax.”
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