President-elect Donald Trump has added another billionaire to his team. Trump announced Monday that he would nominate Vincent Viola, the billionaire owner of the Florida Panthers hockey team, to serve as secretary of the Army. "Viola's business experience makes him well positioned to help guide a Fortune 10-sized company, the U.S. Army," Trump's transition team said in a statement.
Viola, who made his fortune trading and investing in stocks, is the founder and current executive chairman of the high-speed electronic trading firm Virtu Financial. Previously, he was the chairman of the New York Mercantile Exchange.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - April 20, 2025Cartoons Sunday's cartoons - Pam Bondi, retirement planning, and more
-
5 heavy-handed cartoons about ICE and deportationCartoons Artists take on international students, the Supreme Court, and more
-
Exploring the three great gardens of JapanThe Week Recommends Beautiful gardens are 'the stuff of Japanese landscape legends'
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
