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☆ Biden fund gets big donation from son of Republican megadonor Larry Ellison
▼ + stars: | 2024-04-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

David Ellison, CEO of Skydance Media attends the 81st Annual Golden Globe Awards at The Beverly Hilton on January 07, 2024 in Beverly Hills, California. David Ellison, the son of Republican megadonor Larry Ellison, gave $929,600 to back the re-election efforts of President Joe Biden, putting him among the top recent donors to the incumbent Democrat. David Ellison's donation is the largest recorded contribution that the Skydance Media CEO ever made to a federal candidate, according to Federal Election Commission records. David Ellison's donation comes as his father, Larry Ellison, the chairman of Oracle, has kept his wallet firmly shut this election cycle. Larry Ellison donated more than $31 million to Republican candidates during the 2022 congressional midterms, according to data from OpenSecrets.

Persons: David Ellison, The Beverly Hilton, Larry Ellison, Joe Biden, David Ellison's, George Conway, Donald Trump, Dustin Moskowitz, Charles Myers, bundler, Biden, Soros, Myers, George Soros, Biden's, Trump, —, Jeffrey Katzenberg, Katzenberg, Kurt Rappaport, Rappaport Organizations: Skydance Media, The Beverly, Commission, Biden, Facebook, Oracle, Trump, CNBC, Democratic, Republican, Hollywood Locations: Beverly Hills , California, OpenSecrets, Los Angeles

☆ Middle East escalation fears spike as Houthis launch most damaging attack yet
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Houthi military spokesman Yahya Saree claimed the group's responsibility for the attack, calling it their most severe yet. The group claim to support Palestinian civilians amid Israel's retaliatory military campaign in the Gaza Strip. Simultaneously, fighting is raging between Israel and Hamas in the Gaza Strip with no sign of abating despite diplomatic efforts by a number of countries. INTERNATIONAL WATERS RED SEA, YEMEN - NOVEMBER 20: This handout screen grab captured from a video shows Yemen's Houthi fighters' takeover of the Galaxy Leader Cargo in the Red Sea coast off Hudaydah, on November 20, 2023 in the Red Sea, Yemen. EU foreign ministers called in a joint statement for an immediate humanitarian pause that would lead to a lasting cease-fire.

Persons: Mohammed Huwais, Yemen's, Yahya Saree, Saree, Charles Myers, CNBC's, Myers, Hungary —, Israel's, Benjamin Netanyahu, Israel, hasn't, Mohammed Abed Organizations: Hamas, Afp, Getty, U.S . Central Command, Global Advisors, SEA, Galaxy Leader Cargo, Handout, Security, Palestinian Locations: Israel, Sanaa, Gaza, Red, Belize, Gulf, Aden, Iranian, Yemen, U.S, Gulf Aden, Rafah, Gaza's, YEMEN, Red Sea, Lebanon, Iran, Beirut, Hungary

☆ Wall Street opposition to Trump collapses, as 'pipe dream' of primary defeat ends
▼ + stars: | 2024-01-22 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

"A lot of people on Wall Street have been living in this pipe dream of Trump not getting the nomination. "It's painful for me to admit this, but Wall Street is basically nonchalant to this election," longtime Wall Street executive and former Trump communications director Anthony Scaramucci said in a recent interview with The Hill. An outside effort "will not work against Trump," one of DeSantis' Wall Street fundraisers said. "The next question is, 'will Wall Street work to stop him in the general by supporting Biden?'" In 2020, Wall Street executives combined to donate over $74 million to helping Biden defeat Trump.

Persons: Donald Trump, Jamie Dimon, Andrew Harrer, Joe Biden, Trump, Biden, Anthony Scaramucci, Jeffrey Sonnenfeld, Sonnenfeld, Wall, Ron DeSantis, Nikki Haley, DeSantis, Donald Trump , Jr, Woody Johnson, Haley, Trump's, Ken Langone, Langone, Marco Bello, Jeffrey Yass, Charles Myers, Dimon Organizations: JPMorgan Chase &, White, Bloomberg, Getty, Republican, Wall Street, Democratic, Trump, Yale School of Management, Florida Gov, U.N, Street, Jets, Biden, New, Granite State, Big Apple, CNBC, Financial Times, U.S, United, Reuters, Republicans, Susquehanna International Group, JPMorgan, NATO, Economic Locations: Washington, Wall, New Hampshire, South Carolina, Iowa, New York, Granite, West Des Moines , Iowa, U.S, Yass, China

☆ Big money donors rally behind Biden as he launches his reelection bid
▼ + stars: | 2023-04-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Big donors in the business world started rallying around President Joe Biden soon after he announced Tuesday that he's running for reelection next year. A Biden campaign spokesperson didn't return a request for comment before publication. Katzenberg told CNBC in an exclusive interview Tuesday night that he believes the Biden campaign will raise more this time around than in 2020. Biden's campaign raised over $400 million from donors that gave under $200 during his last run for president, according to OpenSecrets. Venture capitalist Ron Conway has told friends he will help the president's campaign, according to a person close to him.

Cooperman says he voted for Biden in 2020, but he accused Democrats of deliberately misleading people about how the billionaire tax proposal would work. The billionaire tax proposal is "completely dead on arrival," said Charles Myers, a 2020 bundler for Biden's presidential campaign and the chairman of Signum Global, an investment advisory firm. Myers said the purpose of Biden's billionaire tax announcement, however, was never to jumpstart a negotiation in Congress. But for some in the party, Biden's billionaire tax contains a fatal flaw. With plans for a billionaire tax stalled in Washington, wealth tax advocates and activists are turning to the states.

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