Scott Bessent ‘is a fiscal hawk’: Wall Street reacts to Treasury pick
Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after
Ford plans 4,000 more job cuts in Europe as EVs lose momentum
Ford Motor Co. will look to eliminate another 4,000 positions in Europe, further retrenching within a region where the transition to electric vehicles is losing
North Korea may end up sending Russia 100,000 troops for war
North Korea may deploy as many as 100,000 troops to aid Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen,
Teens ranks AI risks as more important than climate change, inequality
Hello and welcome to Eye on AI. In today’s edition…What teens are saying about AI; Perplexity starts experimenting with ads; Greg Brockman returns to OpenAI;
Democrats should have celebrated America’s stunning economic success–but they were intimidated by progressives
Everyone was surprised by the magnitude of President-elect Donald Trump’s victory in the electoral college and popular vote landslide over Vice President Kamala Harris. This
Amazon CEO Andy Jassy hates bureaucracy so much he’s planning to increase the ratio of employees to managers
In an effort to stymie bureaucracy at Amazon, CEO Andy Jassy in mid-September announced a plan to increase the ratio of individual contributors to managers
Bernard Marcus, a billionaire behind Home Depot, dies at 95
Bernard Marcus, the former pharmacist who became a billionaire by co-founding Home Depot Inc., the world’s largest home-improvement retailer, has died. He was 95. The
Oil price outlook: US pumps more crude as OPEC eyes more supply
Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its
Bitcoin teases all-time high days from Presidential election
Bitcoin has surged over 8% this week, coming within a few dollars of its record high on Tuesday. The original cryptocurrency pushed past $73,000 before
Davos in the desert to draw top Wall Street and tech bosses
Saudi Arabia will host the biggest names in finance and technology this coming week in a test of investor appetite for the kingdom’s ambitions of
