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Alibaba (BABA) has seen significant U.S. fund inflows, with major investors like UBS O’Connor increasing their stakes dramatically, while Asian funds exited. Despite a recent dip, BABA is up 49.38% year-to-date and has an average analyst price target of $120.55, indicating a "buy" rating. The company is set to report earnings soon, with expectations of $3.03 per share on $38.82 billion in revenue.
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss potential crypto appointments and Bitcoin reserves. The meeting aligns with Trump's strategy to appoint crypto advocates to key financial positions, aiming to establish clear regulations for the industry.As Trump transitions, he has already nominated Paul Atkins as SEC Chairman and is expected to announce the CFTC chair soon. Meanwhile, Crypto.com has filed a lawsuit against the SEC, challenging its jurisdiction over crypto assets and seeking clarity on regulatory oversight.
Donald Trump, the wealthiest US president, has expanded his business empire and appointed several affluent individuals to key government positions, including Elon Musk. US ethics laws mandate the disclosure and potential divestment of significant financial holdings to avoid conflicts of interest, a requirement some of Trump's appointees struggled to meet during his first term. Critics have pointed out Trump's failure to distance himself from his assets, diverging from presidential traditions.
Howard Lutnick, CEO of Cantor Fitzgerald LP, plans to step down from his businesses and divest his interests in BGC Group Inc. and Newmark Group Inc. if confirmed as commerce secretary in Donald Trump's administration. He intends to retain his shares rather than sell them on the open market.
The CFTC is evaluating the risks associated with clearing US Treasuries in foreign markets, a decision that could affect Cantor Fitzgerald"s plans to rival CME Group. Chairman Rostin Behnam noted ongoing collaboration with the Treasury Department, following concerns raised by Senator Dick Durbin about potential threats to the stability of US sovereign-debt markets.
Elon Musk has endorsed Howard Lutnick for the Treasury Secretary position in President-elect Donald Trump's administration, highlighting Lutnick's disruptive potential. Meanwhile, Scott Bessent, another contender, met with Trump, intensifying the competition and infighting among supporters, which may lead to the emergence of a new candidate.
Donald Trump plans to narrow his shortlist for Treasury Secretary this week, favoring candidates with Wall Street experience. Potential nominees include Howard Lutnick, CEO of Cantor Fitzgerald, hedge-fund billionaire John Paulson, former Soros manager Scott Bessent, and Virginia Governor Glenn Youngkin, a former Carlyle Group executive.
Cantor Fitzgerald LP
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Alibaba sees mixed fund activity as US investors increase stakes
Alibaba Group Holding Ltd.
Assetmark Inc.
Cantor Fitzgerald LP
UBS O'Connor LLC
Invesco QQQ Trust, Series 1
CHN
HKG
Howard Lutnick
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08:40 19.02.2025
Trump and Crypto.com CEO discuss crypto appointments and Bitcoin reserves
Coinbase Global, Inc.
Crypto.com Staked ETH USD
Cantor Fitzgerald LP
USA
Donald Trump
Gary Gensler
Brian Armstrong
Scott Bessent
Howard Lutnick
Kris Marszalek
Paul Atkins
David O. Sacks
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15:34 17.12.2024
conflict of interest rules challenge wealthy nominees in trump administration
United States Dollar
World Wrestling Entertainment LLC
Cantor Fitzgerald LP
USA
Scott Bessent
Elon Musk
Chris Wright
Howard Lutnick
Doug Burgum
Linda McMahon
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18:09 25.11.2024
lutnick to divest interests in bgc and newmark if confirmed as commerce secretary
22:29 21.11.2024
CFTC evaluates risks of clearing US Treasuries in foreign markets
United States Dollar
CME Group Inc.
Cantor Fitzgerald LP
USA
Howard Lutnick
Rostin Behnam
Dick Durbin
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19:56 19.11.2024
infighting intensifies as lutnick and bessent vie for treasury secretary role
04:45 17.11.2024
Trump to shortlist Treasury Secretary candidates with Wall Street backgrounds
Cantor Fitzgerald LP
The Carlyle Group Inc.
USA
Scott Bessent
Howard Lutnick
Glenn Youngkin
John Paulson
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11:00 11.11.2024
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