Donald Trump plans to nominate Howard Lutnick, a Wall Street investor and campaign donor, to run the Department of Commerce, where he would oversee imposing tariffs on trading partners. Lutnick, also the co-chair of Trump’s transition team and CEO of Cantor Fitzgerald, has staunchly defended Trump’s tariff policies. Despite previously supporting Democrats like Hillary Clinton, Lutnick has become one of Trump’s top donors, giving millions to his 2024 campaign and raising around $75mn.
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This Is, Officially, the 3rd Priciest Stock Market in Over 150 Years — and There's No Mistaking What Comes Next for Stocks, Based on History
Investors have faced significant volatility in the first seven months of the year, highlighted by the S&P 500's steepest two-day decline since 1950 and the Nasdaq entering a bear market for the first time in three years. However, since April 8, both indexes have rebounded to record highs, while the Dow Jones Industrial Average approaches its first all-time high since December, suggesting a strong bull market despite historical caution. Want More Context? 🔎
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