Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images President-elect Donald Trump has signaled his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, sources tell CNBC and NBC News….

Buckingham Palace is widely considered the most expensive house in the world at $4.9 billion

The world’s most expensive house is located in London, England. Buckingham Palace, the official London residence of the king, is widely considered the most expensive house in the world, valued at around $4.9 billion.  Buckingham Palace is far from a traditional house with 775 rooms and 50,000 people visiting each year for receptions, dinners, state…

Supreme Court to hear a new challenge to the scope of federal agency power

The Federal Communications Commission (FCC) seal hangs inside a meeting room at the headquarters ahead of a open commission meeting in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The Supreme Court could further weaken the power of federal agencies by agreeing on Friday to hear a dispute over a Federal Communications Commission program that requires…

Outlook for Nov. 25-29, 2024

The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump’s election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming…

This one-time Covid darling is undergoing a bearish-to-bullish reversal, according to Carter Worth

Zoom Video Communications (ZM) , a Covid darling and post-Covid dog, is judged to be an excellent opportunity on the long side going into earnings next week. The darling part: ZM advanced from $60.97 in October of 2019 before the pandemic hit to $588.84 in October of 2020 ( +$527.87… +865% ) The dog part: ZM declined from $588.84 in October of 2020 to $55.06 in August of…

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