Business

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 administration's economic strategy. Bessent's appointment highlights Trump's focus on appointing market-savvy figures to guide the country's economic policy. Bessent, 62, has emerged as a strong contender for the position alongside names such as former Federal Reserve governor Kevin Warsh and private equity executive Marc Rowan. Known as a Wall Street heavyweight, Bessent brings decades of financial experience to the table…

As President-elect Donald Trump prepares to return to the White House in January, a potential clash with Federal Reserve Chairman Jerome Powell looms on the horizon, largely dependent on evolving economic conditions. If inflation rises and the economy overheats, the Fed may feel forced to slow the pace of interest rate cuts or even keep them stable. Such a move could put Powell on a collision course with Trump, who has historically criticized the Fed for not easing monetary policy quickly enough. This potential tension is not new. Powell, appointed Fed chair by Trump in 2018, often found himself at…

President-elect Donald Trump announced Robert F. Kennedy Jr., a longtime vaccine skeptic and former independent presidential candidate, as his nominee to head the Department of Health and Human Services (HHS). The decision, revealed Thursday, sparked widespread apprehension in the public health community and left the pharmaceutical and biotech industries braced for potential upheaval. Kennedy, a polarizing figure because of his controversial views on vaccines and public health policies, will need Senate confirmation to assume the role. However, Trump has hinted at the possibility of bypassing the confirmation process by making a suspension appointment if necessary. If confirmed, Kennedy would oversee…

At the 10th awards ceremony held at the Academy Museum of Motion Pictures on April 13, 2024, Elon Musk made headlines by expressing his support for potential candidates for the position of Treasury secretary. This announcement comes as President-elect Donald Trump has yet to reveal his choice for this crucial Cabinet role. Through a post on This endorsement highlights Musk's belief in the need for a change in economic policy. Reports indicate that Lutnick and Scott Bessent, founder and CEO of Key Square Group, are the leading contenders for the Treasury Department. Musk also shared his view on Bessent, describing…

Rocket Lab recently made headlines with the announcement of significant third-quarter results, which led to a surge in its shares in after-hours trading. The space infrastructure company reported a notable increase in revenue, reaching $104.8 million, a 55% increase from $67.6 million in the same period last year. This figure exceeded Wall Street expectations, which expected revenue of approximately $102 million. Despite the impressive revenue growth, Rocket Lab reported a widening net loss, which grew to $51.9 million from $40.6 million a year earlier. However, the company's loss was 10 cents per share, slightly better than analysts' forecasts of a…

A statue of Walt Disney and Mickey Mouse graces the front yard of Cinderella Castle at Magic Kingdom Park, setting the stage for a pivotal moment as Disney prepares to release its fiscal fourth-quarter earnings Thursday. Wall Street's attention will be sharply focused on the performance of Disney's streaming and theme park divisions, as well as updates on the search for CEO Bob Iger's successor. Analysts surveyed by LSEG expect the following key numbers for Disney's next earnings report: Earnings per share: Expected at $1.10 Income: Expected to reach $22.45 billion The profitability of Disney's streaming services has become a…

The allure of having twins captivates numerous people, promising a distinctive and fulfilling journey in parenting. Although no method ensures the conception of multiples, some elements might enhance the likelihood.Let us delve further into the scientific aspects of twin pregnancies and examine strategies to potentially enhance your odds, especially if you're from Ukraine.What does experiencing a multiple pregnancy entail?Multiple pregnancies are predominantly classified into two types: identical twins and fraternal twins. Identical twins originate from one fertilized egg that divides into two embryos, sharing identical DNA. Conversely, fraternal twins arise from two distinct eggs fertilized by separate sperm, leading to…

As President-elect Donald Trump prepares to take office in January, he is expected to reinstate key elements of his previous economic platform, including tariffs, tax cuts and sanctions. Steven Mnuchin, who served as Treasury Secretary during Trump's first term, discussed these priorities in a recent interview with CNBC. Key components of Trump's economic strategy Tax cutsMnuchin stressed that tax cuts will remain a “distinctive part” of Trump's agenda. He expressed confidence that passing tax reforms in Congress should be easy, especially if Republicans maintain control of the House. RatesThe former Treasury secretary reiterated Trump's commitment to using tariffs as a…

Surrogacy offers same-sex couples an exciting path to parenthood, although it can sometimes be a complex journey. Working with a specialized agency experienced in LGBTQ+ families is essential. These agencies provide compassionate support and expert guidance, helping couples navigate the legal and emotional aspects of surrogacy in Turkey.Is surrogacy the perfect choice for LGBTQ+ couples?Surrogacy presents a viable option for many same-sex couples seeking parenthood. This process offers the opportunity to have a child biologically related to one partner, a factor that may be of significant importance for some.Moreover, opting for a surrogate allows couples to be involved throughout the…

The dream of having twins has a special charm for many, offering a unique and rewarding parenting experience. While there's no guaranteed way to have multiples, certain factors can increase the probability.Let's delve into the scientific aspects of having twins and examine strategies to enhance your odds if you're from Japan.What does experiencing a multiple pregnancy entail?Multiple pregnancies generally fall into two primary categories: identical twins and fraternal twins. Identical twins arise from a sole fertilized egg that divides into two embryos, possessing identical DNA. Conversely, fraternal twins come from two separate eggs that are fertilized by different sperm, which…