Howard Lutnick

Unsealed court documents highlight how drug cartels from Mexico and Colombia are leveraging cryptocurrency, particularly Tether (CRYPTO: USDT) and Bitcoin (CRYPTO: BTC), to launder tens of millions of dollars. What Happened: The documents shed light on how criminal organizations, including the...

Howard Lutnick, chief executive officer of Cantor Fitzgerald – which has about $3.53 billion in holdings – has been named as the co-chair of President-elect Donald Trump‘s transition team. Lutnick will lead the U.S. Department of Commerce. Top Holdings Of Lutnick’s Firm:...

President-elect Donald Trump’s pick for Commerce Secretary, Howard Lutnick, is in the process of forging a multi-billion dollar deal with Tether (CRYPTO: USDT), the company behind the world’s largest stablecoin by market capitalization. What happened: Cantor Fitzgerald, a financial...

President-elect Donald Trump reportedly added more names to his list of possible picks for Treasury secretary over the weekend after Elon Musk voiced his preference for Howard Lutnick. What Happened: Musk threw his support behind Lutnick in a post on his social media platform, X, on Saturday. The...

Billionaire Elon Musk , a confidante of President-elect Donald Trump, has thrown his support behind Howard Lutnick, CEO of Cantor Fitzgerald, for treasury secretary. What Happened: Musk believes that Lutnick could bring about significant change if chosen for the position. Although Trump has not yet...

Editor’s note: This story has been updated with comment from Fox News. Economist and news analyst Larry Kudlow could return to a role in the White House with the former National Economic Council Director being eyed for a role among Donald Trump's growing list of possible Cabinet nominees and...

BGC Group Inc., (NASDAQ:BGC) a financial services firm led by Cantor Fitzgerald CEO Howard Lutnick, plans to launch an exchange that will start trading secured overnight financing rate (SOFR) futures on Sept. 23 on its new FMX Futures Exchange. The SOFR is a benchmark interest rate for dollar-...

Stablecoin issuers like Tether Holdings Ltd. (CRYPTO: USDT) are becoming increasingly significant in the U.S. Treasury market, traditionally dominated by more secure and conventional financial entities. What Happened: Tether, the largest stablecoin issuer, now holds $81 billion in Treasury bills,...

The McMahon family is synonymous with wrestling thanks to their founding and building of World Wrestling Entertainment (WWE). The family's relationship with former President Donald Trump could be a big storyline for the 2024 election. What Happened: Former WWE President and CEO Linda McMahon was...

Despite the prospect of the Federal Reserve reversing its rate hikes, a banking executive on Wednesday offered a bleak outlook for the real estate market. What Happened: The U.S. real-estate market is likely to remain “very ugly” over the next two years, said Cantor Fitzgerald CEO...

Cantor Fitzgerald CEO Howard Lutnick believes Tether (CRYPTO: USDT), the biggest stablecoin by market capitalization, has substantial assets and liabilities. What Happened: "There's a company that I like called Tether," he told Bloomberg. "And the group I want to say here...