Tag Archives: Howard Lutnick

The Independent reports: Despite promises on the campaign trail that his administration would not touch Social Security, and claiming that his Democratic rivals are the ones trying to end it, Trump and the world’s wealthiest man and his allies are trying to justify cuts to Social Security and federal health programs Medicare and Medicaid to come up with Musk’s target …

Bloomberg News reports: Howard Lutnick, Trump’s nominee to lead the Commerce Department, detailed his wealth and influence across hundreds of firms and left open the possibility of his adult children buying his holdings if he wins confirmation. Lutnick, chief executive officer of Wall Street investment bank and brokerage Cantor Fitzgerald LP, confirmed he’ll divest his interests in the three core …

CNBC reports: The Securities and Exchange Commission on Thursday charged global financial services firm Cantor Fitzgerald with violating laws related to regulatory disclosures by so-called blank-check companies before they raise money from the public. Cantor’s chairman and CEO, Howard Lutnick, was recently nominated by President-elect Donald Trump to lead the Commerce Department. Lutnick is co-chair of Trump’s transition team. Cantor …

Axios reports: Trump will nominate billionaire Howard Lutnick as Commerce secretary, a top transition source tells Axios. The Commerce Department will have a key role in implementing the tariffs Trump has vowed to implement — and Lutnick has been a vocal supporter. Lutnick, co-chair of Trump’s transition, was hoping to become Treasury secretary, but Trump recently soured on the finalists …

Politico reports: Elon Musk is backing Donald Trump’s transition co-chair Howard Lutnick to lead the Treasury Department, touting the billionaire CEO of Cantor Fitzgerald as a potential secretary who “will actually enact change” from the most powerful economic post in Trump’s Cabinet. Musk labeled another prime contender for the post, hedge fund CEO Scott Bessent, a “business-as-usual choice,” he posted …

Politico reports: Howard Lutnick, the Wall Street CEO heading up Donald Trump’s transition operation, is facing accusations from some Trump insiders that he is improperly mixing his business interests with his duties standing up a potential administration. The alarm among Trump’s loyalists has been compounded by the belief that Lutnick has tried to sideline a host of aides and advisers …