Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs
New York judge was due to sentence the president-elect next week in the only criminal case against him to go to trial
Longtime ally named just hours after allegations of impropriety mounted against initial nominee
Founder of hedge fund Citadel also floats possibility of selling minority stake in firm to outside investors
Payment would significantly raise cost to firm of its past work for opioid makers
Former congressman says controversy around his nomination had become a ‘distraction’
Nomination of hedge fund investor follows tumultuous fight for the top US economic post
Equities investors seem unfazed by the risk that tariffs and tax cuts will push up inflation and deficits. But fears are rising
President-elect’s strategic retreat over attorney-general nominee is sign of his political limitations
Overly pessimistic warnings of economic shocks could weaken crucial support for globalisation
The X owner may be flying too close to the sun
Jay Bhattacharya at the NIH would be the latest ally of Robert F Kennedy Jr to take a role overseeing US healthcare
Outgoing president makes last push on Ukraine and seeks new judicial appointments and manufacturing subsidies
Scott Bessent prevailed after a fierce battle for influence inside the president-elect’s court
Studios bet ‘Wicked’, ‘Gladiator II’ and ‘Moana 2’ will kick off a strong holiday season at the box office
Power cuts and shortages of basic items plague Communist-ruled island’s vital sector
The parks and gardens where the author heads to take in her hometown’s natural beauty
Treasury described Alessandro Bazzoni as a ‘core facilitator’ of network involved in buying and selling Venezuelan oil
Donald Trump’s cabinet nominees have raised eyebrows in Congress. Will they raise objections?
EM debt funds suffer outflows as hopes of rate cuts by developing nations fade
US central bank report pins blame for trading volatility partly on investors that had taken on too much debt
Exporters of dairy and olive oil made in Italy face shipping and storage crunch in run-up to Christmas
An arrest warrant for Israel’s prime minister has exposed divisions among western leaders
Fund managers are finding it really hard to articulate a strong case to put money to work anywhere else
The reimagining of this temple of horticulture in Philadelphia County is on a scale unimaginable in the UK
A combination of lower output, higher unemployment and inflation would leave the Bank of England in a tight spot
As the international order cracks, the nation’s capabilities must adjust to a new world
What happens next does not depend on the US alone, we are seeing a shift to a multipolar world
And thoughts on savings
Officials say Beijing will remain ‘steadfast’ in resisting protectionist measures
After decades of earning more than heterosexual women, the gap seems to be shrinking
Warsaw has largest military budget among Nato allies
How to navigate a delicate ecosystem, according to Miami’s waterside maestros. Warning: failure to adhere to this guidance may attract serious side-eye
Post-Brexit Britain faces stark strategic choices with Trump taking office. Walking a line between both powers will be tricky
Big Tech group’s president calls on new US administration to take tougher approach on state-sponsored cyber attacks
Impressive headline figures didn’t help the Democrats
