Donald Trump has picked Scott Bessent to be his US Treasury secretary, nominating one of his biggest financial backers as the top economic official of his second administration.Bessent will be responsible for overseeing the president-elect’s most prominent economic pledges, including sweeping tax cuts, while maintaining the stability of the world’s…

If you’ve never encountered the term “decumulation,” you’re probably asking, “Decumu-what???” For most of your investing life, you’ve been focused on accumulation investing, building wealth over time by maximizing your investment returns for a given level of risk. You’ve had the luxury of longer time horizons and the ability to…

Mortgage rates climbed closer to 7% this week while sales of existing homes saw a revival from a dip in rates two months ago. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.84% from last week’s reading…

With President-elect Trump set to return to the White House in January, the sun appears to be setting on the Biden administration’s student loan handout spree.  But one moderate New York Republican still thinks Congress should act to ease the debt burden carried by borrowers. Rep. Mike Lawler, R-N.Y., introduced…

McLaren Racing Formula 1 Team and Mastercard officially launched their partnership on Thursday ahead of practice for the 2024 Las Vegas Grand Prix. McLaren Racing CEO Zak Brown and Mastercard chief marketing and communications officer Raja Rajamannar hosted several media outlets for a roundtable session at the KÀ by Cirque…

Shoe Carnival, Inc. (NASDAQ:SCVL) Q3 2025 Earnings Conference Call November 21, 2024 9:00 AM ET Company Participants Steve Alexander – Vice President, Investor RelationsMark Worden – President and Chief Executive OfficerCarl Scibetta – Senior Executive Vice President, Chief Merchandising OfficerPatrick Edwards – Senior Vice President, Chief Financial Officer and Secretary…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldUS president-elect Donald Trump has nominated Pam Bondi for attorney-general just hours after Matt Gaetz, his initial pick, withdrew from consideration for the role.The unexpected move injected fresh drama into…

The Centers for Medicare and Medicaid Services (CMS) announced the 2025 inflation-adjusted amounts for Medicare Parts A, B, and D. The base monthly premium for Part B will be $185.00, an increase of $10.30 (5.9%) from $174.70 in 2024. The premium is adjusted each year so that, based on the…

This article was written byFollowDhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indian billionaire Gautam Adani has been charged by federal prosecutors in New York in connection with an alleged years-long scheme to bribe Indian officials in exchange for favourable terms on solar power…