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The Latest Breaking News from Howard Lutnick

Elon Musk hits $400B mark

Musk received a one-day bump of $62.8 billion and is the first person in the world to reach the $400 billion mark

Salon

Cantor Fitzgerald, Run By Trump's Commerce Department Pick, Accused Of Misleading Investors

The global financial services firm paid $6.75 million to settle the charges brought by the Securities and Exchange Commission.

International Business Times

Meet Trump's ultra-rich administration: The wealthiest political team in history is collectively worth $474 billion

Tesla CEO Elon Musk and Silicon Valley VC Marc Andreessen are among the billionaires lending their support to President-elect Trump.

Fortune

From analysis to the latest developments in health,
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Can you pass the Trump test? Prospective administration members asked to prove their loyalty: report

Potential administration employees are reportedly asked about the 2020 election and January 6

The Independent UK

Trump adds more billionaires to his administration after promising to help ‘everyday Americans’

The incoming administration will be the wealthiest in history, with more than a dozen ultra-rich nominees for critical agencies and major diplomatic roles

The Independent UK

A band of billionaires assembles for Trump 2.0. Here’s who is on board so far

President-elect Donald Trump has tapped a number of billionaires for his cabinet and administration, such as Howard Lutnick, Jared Isaacman, and none other than Elon Musk.

Fortune

Trump Taps Navarro As Trade, Manufacturing Counselor

US President-elect Donald Trump announced Wednesday that his former White House trade advisor Peter Navarro -- who went to prison for contempt of Congress -- would return as senior counselor for trade and manufacturing.

International Business Times

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Trump’s ultra-wealthy picks face a huge tax hit to join his Cabinet—but can avoid it thanks to this little known provision

Billionaire Howard Lutnick made $37 million in total compensation last year not including Cantor Fitzgerald

Fortune

Trump cabinet picks shaped by new power centers in his orbit

Boris Epshteyn, Susie Wiles and JD Vance hold outsized influence in the president-elect’s administration selections

The Guardian - US

The total wealth of Trump’s top team is $340 billion — more than the GDP of 169 countries

Several billionaires and wealthy mega donors and executives are nominated for key economic posts

The Independent UK

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Bessent worked for Soros and played a key role in the short bet that “broke the Bank of England.”

Fortune

The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?

Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who might do good or harm.

Fortune

Trump’s picks to reward top donors who helped him win, watchdogs say

President-elect taps allies to roll back rules and cut taxes in ‘nakedly transactional’ ploy critics call ‘unprecedented’

The Guardian - US

Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says

Exclusive: a Harris poll raises questions about the popularity of one of Trump’s key economic policy platforms

The Guardian - US

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International Business Times

Trump Vows Big Tariffs On Mexico, Canada And China

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China in response to illegal drug trade and immigration.

International Business Times

Trump To Face Less Internal Pushback In New Term: Ex-commerce Chief

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

The Guardian - UK

Ireland prices corporation tax loss from Trump policies at €10bn

Figure costed for three multinationals repatriating to US after nomination for commerce secretary hits out at Ireland’s tax regime

Fortune

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet

The controversial Tether is reportedly facing a probe from both the Justice and Treasury departments.

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news in one place.

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Benzinga

Drug Cartels Use Tether And Bitcoin To Launder Millions, Court Documents Reveal

Unsealed court documents highlight how drug cartels from Mexico and Colombia are leveraging cryptocurrency, particularly Tether (CRYPTO: USDT) and

International Business Times

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

Trump Unveils Series of New Appointments: Scott Bessent as Treasury Secretary, Russ Vought For Budget Office

He unveiled new nominees for key positions, including secretaries for HUD, Treasury, and Labor, along with the CDC director and Surgeon General.

The Guardian - US

Scott Bessent: billionaire hedge-fund manager who is ‘all in’ for Trump

The 62-year-old treasury nominee has spent his career in finance, and made a big bet on Trump winning the election

Salon

Trump taps hedge fund boss for Treasury

The hedge fund manager-turned-loyal MAGA fundraiser was given a nom for the powerful Cabinet position

The Guardian - US

Trump’s picks of loyalists for financial posts ensures his economic agenda is unimpeded

Howard Lutnick and Scott Bessent, commerce and treasury nominees respectively, are sure to ignore economist’s warnings and follow Trump’s lead

Roll Call

Hedge funder Bessent gets Trump blessing for Treasury - Roll Call

President-elect Donald Trump said Friday he would nominate hedge fund manager Scott Bessent to be Treasury secretary in his second term.

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