Traders got a stark reminder of President-elect Donald Trump’s fly-by-night approach to economic policy Monday night, when he blasted off threats to use steep tariffs against America‘s three biggest trading partners to stop the flow of drugs and migrants into the US.

Manhattan US Attorney Damian Williams will resign on Dec. 13 after a three-year reign, leaving the leadership of the office known as the sheriff of Wall Street eventually up to Donald Trump’s new administration.

The chart of the day What we're watching What we're reading Economic data releases and earnings A decisive win for Donald Trump eliminated any uncertainty around the results of the 2024 presidential election.

Wall Street has cheered the appointment of Scott Bessent, backing him to temper the worst instincts of Trump. That’s a big ask.

When Donald Trump announced Friday that hedge fund manager Scott Bessent was his pick for Treasury secretary, there was a massive sigh of relief from the markets, with the yield on the 10-year Treasury falling sharply (a sign that investors think Bessent will help keep inflation cool) and the stock market getting a little bump.

The market had its second-biggest advance this year on Monday on speculation Bessent would be able to modify Trump’s plans. “All else equal, tariffs put upward pressure on inflation and they put downward pressure on growth,

President-elect Donald Trump has referred to his Treasury pick, billionaire hedge fund manager Scott Bessent, as "one of the most brilliant men on Wall Street."

Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.