Billionaire hedge fund manager Scott Bessent, founder of Key Square Capital Management, is Donald Trump’s choice to become U.S. treasury secretary and to lead implementation of his controversial economic agenda.
Category: 26 November 2024
THE DEFINITION OF SUCCESS: $5.3 MILLION, AMERICANS SAY
To be considered financially successful, a person needs an annual salary of $270,000 or else a net worth of $5.3 million, according to the majority of the 2,203 people in a new survey by Empower, a financial services company.
OCTOBER HOME SALES JUMPED AS INTEREST RATES FELL
In October, sales of existing homes climbed 3.4 percent from September, the National Association of Realtors (NAR) reported. Sales were up 2.9 percent year on year.
BLOCKCHAIN BATTLES
No crypto is not being “deregulated” under Republican leadership. In fact, clear regulations via passage of new legislative acts of a popularly elected new Congress and President are highly likely in the coming year.
U.S. ECONOMY NOW MORE VULNERABLE TO PRICE SHOCKS, FED OFFICIAL WARNS
The U.S. is now more vulnerable to inflation shocks than in the past, Thomas Barkin, president of the Federal Reserve Bank of Richmond, told the Financial Times.
TRUE TO FORECAST: OTHER COMPANIES ADOPTING THE MICROSTRATEGY STRATEGY
As far back as 2021, we were paying attention to Michael Saylor and his company’s bitcoin strategy. In “THE BITCOIN FIX,” 24 Aug 2021, we profiled Saylor’s views about how Bitcoin could stabilize and solve capital preservation and even wider financial system problems for companies, economies and nations.
FACTORY ACTIVITY CONTINUED TO SHRINK IN OCTOBER
U.S. manufacturing output shrank 0.4 percent in October after contracting 0.3 percent in September, according to The Conference Board’s Leading Economic Index.
WILL WASHINGTON DESTROY THE WORLD?
Americans who think themselves informed because they watch CNN, read the NY Times, and listen to NPR, regard my warnings about nuclear war as disinformation, even hysteria.
U.S. BUSINESS ACTIVITY, CONFIDENCE STRONGEST IN MORE THAN TWO YEARS
Business activity in the U.S. is expanding at the fastest rate since April 2022, with businesses expecting demand to increase under incoming president Donald Trump’s policies.
PALANTIR SHARE PRICE SOARS ON TRUMP PRIORITIES
Palantir Technologies, the Denver software firm co-founded by Peter Thiel, a vocal Donald Trump supporter and Elon Musk’s old partner in PayPal, has seen its market capitalization balloon by $23 billion since Trump’s election on 5 November.