Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.

Trump’s order seeking an “America-first trade policy” calls on Lutnick to work with the treasury secretary, who is likely to be hedge fund billionaire Scott Bessent, and the US trade representative, poised to be lawyer Jamieson Greer.

Scott Bessent bested Howard Lutnick in a protracted fight to become Donald Trump’s nominee for Treasury secretary. But Mr. Lutnick’s consolation prize, commerce, may be the real trophy.

President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick's plan to clear Treasury futures through a UK firm.

Republican senators are scrambling to get President Donald Trump’s cabinet appointees confirmed, promising to vote through the weekend if necessary. Most Read from BloombergWhat Happened to Hanging Out on the Street?

President Donald Trump is speaking remotely Thursday to an international audience of business leaders, politicians and other elites at the World Economic Forum’s annual event in Davos, Switzerland. After his speech,

DEI — As the administration unwinds diversity initiatives at federal agencies, Big Banks “are in the crosshairs of right-leaning activist groups privately pushing them to abandon or shrink their diversity, equity and inclusion efforts,” per The WSJ’s AnnaMaria Andriotis Follow and Alexander Saeedy.

Trump’s pick to lead the Central Intelligence Agency is John Ratcliffe, who formerly served as Director of National Intelligence in Trump’s first term. His confirmation hearing took place last week, during which he repeatedly said he would not hire or fire employees based on their political views.

President-elect Donald Trump (R) announced hedge fund manager Scott Bessent as his nominee for secretary of the Treasury on November 22, 2024. This presidential appointment requires Senate confirmation. The Senate Finance Committee held a confirmation ...

President-elect Donald Trump (R) announced finance executive Howard Lutnick as his nominee for secretary of commerce on November 19, 2024. This presidential appointment requires Senate confirmation. The Senate Commerce, Science, and Transportation ...

A slate of President Trump’s Cabinet nominees have appeared before senators in recent days for key hearings on their road to confirmation. Sen. Marco Rubio (R-Fla.) was the first to be confirmed,

The Senate has confirmed Marco Rubio as secretary of state, giving President Donald Trump the first member of his Cabinet. The vote was unanimous.