November 2024
How a George Soros protege became Trump’s top economic pick
Once a big Democratic donor, hedge fund investor Scott Bessent predicted last year that the Republican’s political fortunes were on the rise.
Trump picks Scott Bessent as Treasury secretary
The fund manager, tariff supporter and crypto enthusiast will be tasked with implementing the president-elect’s pledges to cut taxes and raise tariffs
October 2024
Why Musk’s all-in support for Trump has become manic
The richest man in the world has become obsessive about the stakes of the US election in a manner unparalleled in modern history.
July 2024
Economic populism clashes with Trump’s pitch to donors
Even as the former president leans into populist themes that make some Republicans wary, he has told major donors he is the only bulwark against higher taxes.
March 2024
China lashes TikTok ban as US investors plot bid to buy app
Beijing urges Washington to “stop unfairly suppressing foreign companies” as former Treasury head Steven Mnuchin wants to put together an investor group to buy it.
June 2022
At Art Basel, no sign of a downturn
It was the art fair’s first full in-person event in its usual June slot since 2019, and numerous big-ticket sales included a $58 million Louise Bourgeois spider.
November 2021
The next inflation wave is here (and it’s not a supply chain squeeze)
Veteran US investor Larry Jeddeloh says the speed of the energy transition will lift prices across economies, ushering in a new inflationary cycle.
May 2021
Steven Mnuchin sells Manhattan apartment after 21pc price cut
The former Treasury Secretary under US President Donald Trump reduced the $US32.5 million figure on the storied Park Ave co-op as buyers now prefer new condos.
January 2021
Alibaba, Tencent and Baidu spared from US investor blacklist
The Pentagon and state department had pushed hard to add Alibaba, Tencent, and Baidu to a list of Chinese companies that the defence department alleges has links to the Chinese military.
Mnuchin tells NYSE he disagrees with reversal on Chinese stocks
The US Treasury Secretary called the NYSE group president to express his disapproval with the exchange's surprise decision to spare three major Chinese telecommunications companies from being delisted,
December 2020
US Congress finally agrees $US900b stimulus deal
While the plan is roughly half the size of the $US2.2 trillion stimulus law enacted in March, it is one of the largest relief packages in modern history.
Here's what Trump's post-presidency looks like
The past week served as a preview of Donald Trump’s post-presidency: no leadership on debates within his party, but keen attention to waging personal vendettas and cultivating his supporters.
Crypto is crossing the Rubicon
For global regulators and central banks, crypto is no longer an abstract curiosity. It represents a threat to the financial orthodoxy, and to the social compact that underpins both the East and West. A battle royale looms in the years ahead, writes Grant Wilson.
Biden and his economic team urge quick action on stimulus
Amid warnings of a double-dip recession, the President-elect called on Congress to pass a substantial relief package to help keep businesses, households and local governments afloat.
November 2020
Yellen has the policy chops and political savvy
The former Federal Reserve chair is reportedly Joe Biden's pick for Treasury secretary.
Fed rebukes Mnuchin for cutting business lifeline
The Fed's exceedingly rare public criticism reflected a government divided on how to respond as the pandemic surges across the nation.
Iran sanctions announced as Pompeo tours Middle East
US Secretary of State Mike Pompeo, in Israel on a farewell tour of the Middle East, urged other nations to take action against Iran for its human rights abuses.
New virus stimulus package unlikely until Biden takes over
Hopes Congress would move swiftly after the election to provide more coronavirus relief are fading as Senate Republicans continue to resist large spending measures.
October 2020
Trumpism has taken over; What is the future of the GOP?
Win or lose next week, the Trump family will continue rallying their white working-class fans around the country for the next four years.
Pelosi, Mnuchin 'closer to deal' as McConnell warns White House
Senate Majority Leader Mitch McConnell has reportedly told the White House not to agree to a multitrillion-dollar spending package with Democrats.