President-elect Donald Trump has named Pete Hegseth, a Fox News anchor and Army veteran, to be the United States' new Defense Secretary.
A political commentator for Fox News, he was the former head of two advocacy groups for military veterans - Vets for Freedom and Concerned Veterans for America.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.