All posts tagged "Cantor Fitzgerald"

President Donald Trump's commerce secretary Howard Lutnick is emulating his boss by transferring away "his ownership interests in multiple affiliated companies" to trusts that will benefit his adult children, The Wall Street Journal reported Monday.

Lutnick, a billionaire, served as chairman and chief executive of financial-services firm Cantor Fitzgerald until he was appointed to Trump's cabinet in February.

In keeping with "a government ethics agreement," Lutnick created the trusts to benefit sons Brandon Lutnick and Kyle Lutnick, "as well as Lutnick’s other adult children."...

Major US companies are packing away record profits even as the economy falters, unemployment remains high and the debt-ceiling crisis has shaken confidence in the country, analysts said.

NEW YORK — Major US companies are packing away record profits even as the economy falters, unemployment remains high and the debt-ceiling crisis has shaken confidence in the country, analysts said.