Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources
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Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources

ByNews Polite

President-elect Donald Trump will name hedge fund mogul Scott Bessent as the next treasury secretary, four sources tell The Post, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street. Bessent “got the thumbs up” late Thursday during a meeting with Trump at his Mar-a-Lago resort…

Wisconsin Democratic Sen. Tammy Baldwin doesn’t disclose potential financial conflict of interest — as she rails against opponent’s wealth
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Wisconsin Democratic Sen. Tammy Baldwin doesn’t disclose potential financial conflict of interest — as she rails against opponent’s wealth

ByNews Polite

WATERTOWN, Wis. — Wisconsin’s US Senate race could help decide the control of the upper house this November as longtime Democratic politician and incumbent Tammy Baldwin attempts to ward off wealthy Republican businessman Eric Hovde’s challenge. While Democrats call Hovde a “walking conflict of interest” for not revealing his bank’s…

Owner of 60 Wall St. makes risky bet with massive 0M revamp
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Owner of 60 Wall St. makes risky bet with massive $250M revamp

ByNews Polite

The struggling Financial District’s brightest hope — and biggest challenge for its owners — is 60 Wall St., the vacant, 1.6 million square-foot tower where Paramount Group launched a marketing and leasing campaign as it completes a $250 million transformation. The 47-story tower developed for JPMorgan in the 1980s more recently belonged…

How a Kamala Harris candidacy could wreak havoc on the stock market: ‘She’s not stable’
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How a Kamala Harris candidacy could wreak havoc on the stock market: ‘She’s not stable’

ByNews Polite

Predictions on Wall Street that Joe Biden would lose enough of his mental faculties so as to be forced out of the 2024 presidential race go back for more than a year. Yes – it was becoming increasingly obvious to investors by early 2023 that the man had no business…

A bull market is in full swing – and most of us are in denial
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A bull market is in full swing – and most of us are in denial

ByNews Polite

Sucker’s rally! Four months since the stock market began its recovery from last year’s carnage, skeptics are still piling on. Doubters of bull markets ceaselessly hunt bogeymen. There are the old standbys: the Fed and its rate hikes, inflation and recession. There are some newfangled distractions, too: Chinese spy balloons,…

JPMorgan Chase ‘requires workers give 6 months notice’
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JPMorgan Chase ‘requires workers give 6 months notice’

ByNews Polite

A veteran JPMorgan Chase banker fumed over the financial giant’s policy requiring staffers to give six months notice before being allowed to leave for another job. The Wall Street worker, who claims to earn around $400,000 annually in total compensation after accumulating 15 years of experience, griped that the lengthy…