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Wood Group's shares fell by up to 49% following the announcement of an independent review by Deloitte, triggered by significant project write-downs. The engineering firm reported a substantial loss and ongoing challenges in its business operations, compounding investor concerns after failed takeover attempts.
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Following Donald Trump's election victory, expectations rise for a significant shift in cryptocurrency regulation. Trump has pledged to remove SEC Chair Gary Gensler, whose tenure has been marked by strict enforcement against digital assets. This change could lead to a more favorable environment for crypto companies in the U.S.
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As President-elect Donald Trump finalizes his cabinet, Howard Lutnick and Scott Bessent are leading contenders for Treasury Secretary. Elon Musk has publicly endorsed Lutnick, while Trump is also considering Marc Rowan and Kevin Warsh. The selection process is complicated by Lutnick's recent tensions with Trump and differing views on tariffs.