Musk announced the planned closure of the foreign assistance agency early Monday morning on social media.
Bessent, a former hedge fund manager, was confirmed as head of the U.S. Treasury last week.
Cryptocurrencies tumbled over the weekend in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.
Shares of auto giants fell sharply on Monday as U.S. President Donald Trump imposed long-threatened tariffs on goods from Canada, Mexico and China.
After imposing levies on imports from Canada, Mexico and China, the U.S. president warned tariffs on the European Union will “definitely happen.”
European leaders are gathering to discuss defense — but the latest moves by U.S. President Donald Trump will loom large over the meeting.
A group of U.S. stocks could feel the pinch if the U.S.'s major trading partners choose to levy retaliatory tariffs.
The JUST 100 list ranks companies leading the stock market on the issues of most importance to the American public, from workers to climate change.
"There's so many things that are cross currents ... this is a completely, totally different landscape than Trump 1.0," Jones said.