Trump expected to name investor Scott Bessent as Treasury secretary pick
President-elect Trump is expected to tap hedge fund manager Scott Bessent as Treasury secretary in his new administration, sources confirm to NewsNation. Bessent, the founder and CEO of the hedge fund Key Square Group, served as an economic advisor to the Trump campaign and often appears on economic talk shows to advocate for the president-elect's […]
Investor who pushed California minimum wage measure ‘disappointed’ by defeat
Entrepreneur and anti-poverty activist Joe Samberg, who spearheaded the recently defeated state ballot measure to raise California's minimum wage, said he was “frustrated and disappointed” by the loss but expressed concern for struggling Californians. He vowed to continue working for the cause. Proposition 32, which would have raised the state's minimum wage from $16 to […]
Investor overseeing $1 trillion at Nuveen names her No. 1 idea right now – CNBC
Investors looking for opportunities in this rising market may want to take a look at U.S. small-cap stocks, according to Nuveen's Saira Malik. “There's still room for this upside, but given the valuation, we need to be cautious,” the company's chief investment officer said Wednesday on CNBC's Delivering Alpha conference. “That's why we're looking at […]
JD Vance net worth: Donald Trump's vice-president pick an avid investor in Bitcoin – The Times of India
Vice President-elect of the United States J.D. Vance He is scheduled to take office in January 2025, stepping into one of the country's most prominent political positions. The 40-year-old politician has amassed a multi-million dollar fortune over the past two decades, and many have questions about his financial prospects. As an Ohio state senator, a […]
McDonald’s shares plunge on investor panic over E. coli outbreak
McDonald's stock fell as much as 6% Wednesday following an E. coli outbreak linked to the Golden Arches' famous Quarter Pounder burger that sickened about 50 people and killed one. Shares of the world's largest hamburger chain fell from $314.70 per share at Tuesday's close to $299.61 per share by late Wednesday morning. “This public […]
$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment – Cointelegraph
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their largest single-day inflows in more than 120 days on October 14th. More than $500 million was poured into the fund, sending Bitcoin (BTC) price above $67,800, its highest level in more than three months. ETF Store President Nate Geraci explained The event was a landmark day for […]
Billionaire investor says market is 'very convinced' of Trump victory
Billionaire investor Stanley Druckenmiller said Wednesday that the market is “very confident” that former President Trump will win the election. “I have to say that over the past 12 days, the market and the markets inside are very confident that Trump will win,” Druckenmiller said. said in an interview Co-starred with the same station's Sonali […]
Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors
Elliott Investment Management is calling for a special stockholder meeting to take the fight to Southwest Airlines to investors and vote on new director candidates who will ultimately steer the company's strategy. Elliott has taken the highly unusual step of convening the meeting, which it has been telegraphing for weeks after concluding that the airline's […]
Billionaire Investor, Donor Bill Ackman Rips Into Biden-Harris With 33 Reasons Why He Left Democratic Party
Billionaire investor Bill Ackman on Friday posted on X (formerly Twitter) 33 reasons why he won't support the Democratic Party in the 2024 election cycle in favor of the Biden-Harris administration. Ackman officially approved Republican presidential candidate Donald Trump appeared hours after the former president survived an assassination attempt at a July 13 rally in […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut By Reuters – Investing.com
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]