Scott Bessent, Donald Trump’s nominee for treasury secretary, made it clear during his confirmation hearing Thursday that he’s only interested in protecting the interests of the rich and powerful. The hedge fund manager with a net worth of at least $500 million repeatedly spiked down questions about whether he would support working-class priorities.

Here are five key things investors need to know to start the trading day: Buoyed by a cooler-than-expected CPI report and a slew of blowout bank earnings, all three major averages surged Wednesday for their best day since Nov.

Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.

Donald Trump's nominee for Treasury Secretary, Scott Bessent, says he will "get back to" Senator Ben Ray Luján when asked at his Senate confirmation hearing if he would suggest cuts to Medicaid. Vile. pic.twitter.com/EM6Nx5L0XD

U.S. President Joe Biden said on Wednesday (January 15) that Israel and Hamas have reached a ceasefire and hostage deal that will end the fighting in Gaza and surge humanitarian aid to Palestinian civilians. Could AI-assisted program help badminton players with training?

The fund manager will face senators at a confirmation hearing on Thursday

President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent, said he "100%" supports raising sanctions on Russian oil producers if the future president requests doing so.

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

US President-elect Donald Trump's nominee for Treasury Secretary Scott Bessent was asked who would pay the proposed tariffs. Bessent also hit back on the clean energy race, saying China will not comply.

Each Cabinet-level nominee must go through a public hearing in the relevant Senate committee and then be confirmed by the Senate as part of the upper chamber’s “advise and consent” duty.

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the postelection surge in early November.