Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print,...
Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.Stefani Reynolds | Bloomberg | Getty ImagesPresident-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move...
Trump and Fed Chair Powell could be set on a collision course over interest rates
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer | Bloomberg | Getty Images President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision...
Ray Dalio concerned about America postelection: ‘Both candidates worry me’
A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape rife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment Initiative conference in Saudi Arabia on Wednesday, the founder of the investment firm Bridgewater...