Financial company shares rose on signs of economic activity picking up and as bitcoin approached $100,000 after the cryptocurrency hit another new high.

President-elect Donald Trump has floated selecting the financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell's term as chair ends in 2026, The Wall Street Journal reported.

Swiss private bank EFG International is on the hunt for acquisitions in a bid to capture a bigger share of the business managing of money for the world's wealthy, its chief executive said.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

11-22-24 1732ET