Reported about 9 hours ago
Scott Bessent, founder of Key Square Capital Management, has been chosen by President-elect Donald Trump as Treasury Secretary, marking the next step in his impressive career on Wall Street. Known for notable trades like the billion-dollar profits from shorting the British pound during 'Black Wednesday' and making over $10 billion for Soros, Bessent is respected as a leading investor and strategist. Despite his firm's recent asset decline, his experience secures him a prominent role in the upcoming administration.
Source: YAHOO