Scott Bessent is poised to lead the Trump administration’s economic policy
Scott Bessent, founder and CEO of Key Square Group LP, has been tapped by President-elect Donald Trump for the crucial role of Treasury secretary. The news has already sparked optimism in financial markets, with stock futures rising and Treasury yields…
Zoom shares fall despite strong quarterly results and optimistic outlook
Eric Yuan, founder and CEO of Zoom Communications Inc., spoke about the company’s ongoing transformation at the annual Concordia Summit held in New York on September 25, 2024. The video conferencing giant, formerly known as Zoom Video Communications, reported solid…
Joel Embiid’s return: Hope for struggling 76ers
Joel Embiid is set to make his long-awaited return to the Philadelphia 76ers this week, bringing a glimmer of hope to a team that has struggled mightily without him. The two-time scoring champion is expected to start against the New…
Trump announces new tariffs on Chinese goods, worsening trade tensions
US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media platform Truth Social, signals a significant escalation in trade tensions…
Trump picks Kevin Hassett to head National Economic Council, rounding out key economic team
President-elect Donald Trump has nominated Kevin Hassett to lead the National Economic Council (NEC), placing the veteran economist at the forefront of the administration’s decision-making on trade, taxes and deregulation. The announcement, made by Trump on his social media platform…
Mexican President Sheinbaum calls for cooperation as he prepares response to Trump’s proposed tariffs
Mexican President Claudia Sheinbaum has expressed willingness to engage in dialogue with U.S. President-elect Donald Trump, but made clear that any unilateral trade measures imposed by his administration will be met with reciprocal action by Mexico. In a letter he…
Databricks raises billions in funding, delays IPO amid AI boom
Databricks, one of the world’s most valuable private technology companies, is raising billions of dollars in new funding as it chooses to delay its long-awaited public offering, sources familiar with the matter told CNBC. The San Francisco-based company is reportedly…
Ferrari’s unique position protects it from potential tariff problems in the automotive sector
As President-elect Donald Trump renews his calls for high tariffs on imports from China, Canada and Mexico, the global auto industry braces for potential supply chain disruptions and rising costs. However, Ferrari, the iconic Italian luxury automaker, appears uniquely positioned…
Mbappe struggles as Liverpool dominate Real Madrid in Champions League clash
Liverpool produced a commanding performance against Real Madrid in the Champions League on Wednesday, leaving Carlo Ancelotti’s side reeling. Among those under most scrutiny was Kylian Mbappe, whose disappointing performance, capped by a missed penalty, added to an already challenging…
Joey Logano celebrates his third NASCAR Cup Series championship
NEW YORK — Joey Logano reveled in the spotlight as he celebrated his latest NASCAR Cup Series triumph, proudly holding the championship trophy and capturing moments at iconic Manhattan locations. Logano, who secured his third title on Sunday by fending…
Scott Bessent is poised to become Treasury secretary under the Trump administration
President-elect Donald Trump announced Friday his plan to nominate Scott Bessent, founder and CEO of Key Square Group LP, as Treasury secretary. The move places a seasoned hedge fund executive and Trump ally in a key role within the new…
The Arnault family is targeting Paris FC with long-term ambitions
The Arnault family, renowned for owning the luxury conglomerate LVMH and for its position among the world’s richest families, is seeking to consolidate majority ownership of Paris FC, a modest soccer club in France’s second division. However, any aspiration for…