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☆ Inside the relationship of billionaire venture capitalist Josh Kushner and model Karlie Kloss, the power couple with unconventional ties to Trump
▼ + stars: | 2024-05-17 | by ( Kate Taylor | Paige Leskin | Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Billionaire entrepreneur Josh Kushner is married to supermodel and coding advocate Karlie Kloss. Kushner's brother is Jared Kushner, Donald Trump's son-in-law and a former White House advisor. Kushner and Kloss have each revealed they didn't vote for Donald Trump in the 2016 election. AdvertisementModel Karlie Kloss and venture capitalist Josh Kushner may seem like an odd pairing on the surface, but they've been together since 2012 and have become partners in both life and business. This story is available exclusively to Business Insider subscribers.

Persons: Josh Kushner, Jared Kushner, Donald Trump's, White, Kushner, Kloss, Donald Trump, —, they've Organizations: Service, Business

☆ Jared Kushner's $500 million investment deal in Serbia mirrors plans Donald Trump had a decade ago
▼ + stars: | 2024-03-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Jared Kushner is partnering with Serbian officials to build a luxury hotel in Belgrade, per the NYT. The $500 million contract mirrors plans Donald Trump had made nearly a decade ago, per the outlet. AdvertisementA tentative deal has been struck between Jared Kushner, his investment firm Affinity Partners, and Serbian officials to build a luxury hotel in Belgrade. Bloomberg reported Kushner recently ruled out re-joining the Trump administration if his father-in-law wins his reelection bid. Even after distancing himself from the Trump administration, Kushner has made big money through his investment and development firms.

Persons: Jared Kushner, Donald Trump, Kushner, —, Kushner's, Trump, Trump's, Ivanka Organizations: Serbian, Service, Affinity Partners, New York Times, Times, Yugoslav Ministry of Defense, Trump Organization, Trump, Business, Trump White House, Bloomberg, White Locations: Belgrade, Serbia's, Serbian, Saudi, Persian

☆ CNBC Daily Open: U.S. economy is cooling, but may not fall off a cliff
▼ + stars: | 2023-12-01 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Clearer brand messagingNew Gap CEO Richard Dickson said the apparel firm's products had got "lost in the message" in its discount-heavy online communication. [PRO] Top holiday pickThe Dow is nearing a major milestone — and certain members may lead the blue-chip average over the finish line. CNBC Pro screened for the Dow members with the largest upsides to average price targets among Wall Street analysts.

Persons: Korea's Kospi, Hong, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Josh Kushner's, Richard Dickson, Dickson, Dow Organizations: CNBC, Nikkei, underperform, Dow Jones Industrial, Disney, Marvel, Sky, Peltz, CNBC Pro, Dow, Wall Street Locations: Asia, Pacific, underperform Asia

OpenAI's tender offer, which would allow employees to sell shares in the start-up to outside investors, remains on track despite the leadership tumult and board shuffle, two people familiar with the matter told CNBC. The round and previously reported valuation were jeopardized by Sam Altman's temporary ouster earlier in November, but his return cleared the way for the tender offer to proceed. The extension of the tender offer comes after a rollercoaster couple of weeks for the company. OpenAI's other major backers include Founders Fund, Sequoia Capital and, following the completion of the tender offer, Thrive Capital. Founders Fund will not participate in the tender offer either, a person familiar with the firm said.

Persons: Sam Altman, Josh Kushner's, Sam Altman's, Altman, Satya Nadella, Greg Brockman, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Nadella, — CNBC's Ari Levy, Jordan Novet, Elon Musk Organizations: Economic Cooperation, APEC, CNBC, Microsoft, Employees, Brockman's, Tiger Global, Fund, Sequoia Capital, Bloomberg Locations: Asia, San Francisco , California, OpenAI

☆ Moby Don: Trump's fraud-trial 'victim,' Deutsche Bank, praised him as a lucrative 'whale' in fawning in-house documents
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Reps from Deutsche Bank, which NY says was defrauded, described actually prospering thanks to Trump. Advertisement"We are whale hunting," former Deutsche Bank executive Rosemary Vrablic told her fellow bankers of Trump in an email from 2011, soon after son-in-law Jared Kushner offered to make an introduction. She contends that Deutsche Bank was defrauded out of more than $100 million in interest income. As a sophisticated international lender, the bank did its own risk analysis, apart from Trump's net-worth statements, the defense has argued. But the state has countered that any fact-checking, any profit-making, and any other non-victim-like behavior on the part of Deutsche Bank is besides the point.

Persons: Trump, —, Donald Trump's, Stans, Rosemary Vrablic, Jared Kushner, Vrablic, Donald, Trump attorney Jesus Suarez, Nam, Huh Trump, Arthur Engoron, Letitia James, Donald Trump , Jr, Ivanka Trump, Kevin Wallace Organizations: Trump, Deutsche Bank, Service, Trump - Deutsche Bank, Post, Washington , D.C, Trump attorney, Hotel, Tower, AP, AG, Trump Organization Locations: Manhattan, New York, Miami, Chicago, Washington ,

☆ Trump's pardoning of a Kushner-linked drug smuggler undercut a larger DOJ investigation
▼ + stars: | 2023-11-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Donald Trump pardoned Jonathan Braun, a convicted drug smuggler, on his last day in office. Meanwhile, the DOJ hoped to use Braun in a separate probe into the predatory lending business. AdvertisementDonald Trump's pardoning of a convicted marijuana smuggler with ties to the Kushner family threw a wrench in the Justice Department's larger probe into the predatory lending industry, The New York Times reported. He spent nearly the next decade leading a predatory lending operation as a "principal" of Richmond Capital group, prosecutors said in court documents seen by Business Insider. AdvertisementIn a telephone interview with the Times, Braun denied any wrongdoing as a lender.

Persons: Donald Trump, Jonathan Braun, Braun, —, Donald Trump's pardoning, Kushner, Trump, Jared Kushner, Ivanka, Jared Kushner's, Nicole, Isaac Wolf, Braun's, Charles, Alan Dershowitz, Dershowitz Organizations: DOJ, Service, New York Times, Trump's, Times, Richmond Capital, Business Insider, Prosecutors, Bloomberg, NY, AG, Justice Department, Trump, White, Trump Administration, Kushner Yeshiva High School, US Locations: Staten Island, New York, Manhattan, Livingston , New Jersey, Pennsylvania

☆ House Oversight Democrats ask GOP to subpoena Affinity Partners, Jared Kushner's $3 billion Saudi-backed private equity fund
▼ + stars: | 2023-08-31 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +4 min

Shortly after leaving the White House, Jared Kushner got $2 billion in funding from the Saudi government for his private-equity fund. Mohammed bin Salman, the Saudi crown prince who developed close ties to Kushner, pushed the deal through, the New York Times reported. Now, Democrats on the House Oversight Committee are asking the GOP to investigate with the same zeal they've applied to Hunter Biden. The letter puts special focus on a $2 billion investment from Saudi Arabia's Public Investment Fund. AdvertisementAdvertisementBut MBS, who chairs the fund, intervened to push the deal through, according to the Times' repoAffinity Partners now has an office in Miami.

Persons: Jared Kushner, Mohammed bin Salman, Kushner, they've, Hunter Biden, Jamie Raskin, Joe Biden's, Raskin, Donald Trump's, James Comer, Comer, Prince Mohammed bin Salman, Lockheed Martin, Jamal Khashoggi, Abraham, Austin Hacker, Hacker Organizations: White, New York Times, Service, Democratic, GOP, Affinity Partners, White House, Democrats, Saudi Arabia's Public Investment Fund, MBS, Trump, Intercept, The New York Times, Lockheed, National Security Council, Saudi, Times, Abraham Accords, Trump White House, Affinity, CNN Locations: Saudi, Wall, Silicon, Maryland, Saudi Arabia, Miami

☆ Jared Kushner's dad Charles, who Trump pardoned, gave $1 million to a Trump super PAC
▼ + stars: | 2023-08-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Charles Kushner donated $1 million to Trump's super PAC. Kushner, who Trump pardoned, was one of the largest individual contributors to the super PAC. Trump and his allies have burned cash at an alarming rate, making the donation even more important. Christie has long thought that putting Jared Kushner's father in prison led to him being blocked within Trump's orbit. Charles Kushner's donation was one of the largest to the pro-Trump "Make America Great Again Inc" super PAC has received from an individual contributor through the end of June.

Persons: Charles Kushner, Kushner, Trump, Donald Trump's, Chris Christie, he'd, Christie, Jared Kushner's, Murray Kushner, Charles, Jared's, Lee, Charles Kushner's, Maricopa County Sheriff Joe Arpaio, Eliyahu, Eli, Weinstein, doesn't, Edward DeBartolo Jr, of Famer Jerry Rice, DeBartolo, Ron DeSantis Organizations: Trump's, Trump, Service, The New York Post, Maricopa, Maricopa County Sheriff, Justice Department, San Francisco 49ers, of Famer, NFL, DeBartolo Jr, Florida Gov Locations: Wall, Silicon, Maricopa County, Florida

☆ Ivanka Trump buried a photo of her dad at his granddaughter's bat mitzvah so deeply in her Instagram Stories that you wouldn't have known he was there unless you looked really hard
▼ + stars: | 2023-06-14 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Ivanka Trump left her father off her Instagram grid for a post about her daughter's bat mitzvah. Donald Trump and his wife, Melania, were moved to one of the last images on her Instagram Stories. Trump made a carousel-format Instagram post with 10 photos from her daughter Arabella Kushner's bat mitzvah celebration. We reflect on the weekend with full hearts and an abundance of joy and gratitude," Ivanka Trump wrote in the caption. The photograph showed Arabella sitting at a table next to Donald and Melania Trump, with Ivanka Trump and her husband, Jared Kushner, standing behind them.

Persons: Ivanka Trump, Donald Trump, Melania, —, Trump, Arabella Kushner's, Donald, Jared, Arabella !, Ivanka, Arabella, Melania Trump, Jared Kushner Organizations: Service, Monday Locations: Miami, Bedminster , New Jersey

☆ Ivanka Trump buried a photo of her dad at his granddaughter's Bat Mitzvah so deeply in her Instagram Stories you wouldn't have known he was there unless you looked really hard
▼ + stars: | 2023-06-13 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Ivanka Trump left her father off her Instagram grid for a post about her daughter's Bat Mitzvah. Donald Trump and his wife Melania were relegated to one of the last images on her Instagram Stories. Trump made a carousel-format Instagram post showing 10 photos from her daughter Arabella Kushner's Bat Mitzvah celebration. We reflect on the weekend with full hearts and an abundance of joy and gratitude," Ivanka Trump wrote in the caption. The photograph showed Arabella sitting at a table between Donald and Melania Trump, with Ivanka Trump and her husband, Jared Kushner, standing behind them.

Persons: Ivanka Trump, Donald Trump, Melania, Trump, —, Arabella Kushner's, Donald, Jared, Arabella !, Ivanka, Arabella, Melania Trump, Jared Kushner Organizations: Service, Monday Locations: Miami, Bedminster , New Jersey

☆ Chris Christie just made the GOP primary pettier with his deep beef against the Kushners
▼ + stars: | 2023-06-07 | by ( Sarah Gray | ) www.businessinsider.com time to read: +5 min

The Chris Christie beef with the Kushner family runs deep. Chris Christie and the Kushner family was once again center stage on Tuesday in what is shaping up to be a pretty petty presidential primary season. "Jared Kushner and Ivanka Kushner walk out of the White House and months later get $2 billion from the Saudis. But his beef with the Kushner family goes back much further than this campaign cycle. Jared Kushner went on to work for four years at the White House as a senior adviser to his father-in-law.

Persons: Chris Christie, Kushner, Christie, Jared Kushner, Alex Thompson, —, Donald Trump —, Trump, Joe Biden, Trump —, Trump's, Ivanka Trump, Ivanka Kushner, Saudi Crown Prince Mohammed bin Salman, Jared, Jared's, Charles Kushner, savaging Sen, Marco Rubio, Mike Pence, PBS's Margaret Hoover, Mr, Charles Kushner's, Margaret —, Biden Organizations: Service, New, New Jersey Gov, Trump, White, Saudi Crown, Public Investment Fund, Kushner's Affinity Partners, New York Times, Federal, Commission, GOP Locations: New Hampshire, New Jersey, United States

☆ Factbox: Who is Chris Christie, Republican 2024 presidential hopeful?
▼ + stars: | 2023-05-31 | by ( Joseph Ax | ) www.reuters.com time to read: +3 min

May 31 (Reuters) - Former New Jersey Governor Chris Christie, who backed Donald Trump's successful 2016 presidential campaign but has since become a vocal critic, will launch his campaign for the 2024 Republican presidential nomination on June 6, a person familiar with the matter said. Christie ousted Democratic Governor Jon Corzine in the 2009 gubernatorial election. With his brash, unapologetic approach - critics called him a bully - Christie made headlines taking on public sector unions and other political opponents. In 2012, Christie earned widespread praise for his handling of Superstorm Sandy, which devastated the Jersey Shore. Christie swept to a second term in 2013 in a state where Democratic voters significantly outnumber Republicans, vaulting him toward the top of the list of potential future Republican presidential contenders.

Persons: Chris Christie, Donald Trump's, Christie, Charles Kushner, Kushner's, Jared, Kushner, Jon Corzine, Sandy, Barack Obama, Obama, Christie's, George Washington, Trump, Democrat Joe Biden, Joseph Ax Organizations: Former New Jersey, Democratic, George, ABC, Democrat, U.S . Capitol, Republican Party, Thomson Locations: Newark , New Jersey, New Jersey, Jersey Shore, Fort Lee , New Jersey, New Hampshire

☆ Jared Kushner's PE firm was backed by Emirates, Qatar - NYT
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 30 (Reuters) - Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former U.S. President Donald Trump's son-in-law Jared Kushner's private equity firm, the New York Times reported on Thursday. The Emiratis invested more than $200 million with Kushner's Affinity Partners, while a Qatari entity also put in a similar sum, the newspaper said, citing people with knowledge of the transactions. Kushner, who was also a top adviser to Trump, formed the Miami-based Affinity Partners in 2021, Reuters had reported. The investment from the UAE came through a sovereign wealth fund, but the Qatari investor's identity was unclear, the NYT report said. Abu Dhabi Investment Authority, Mubadala, Emirates Investment Authority, Affinity Partners, and the Qatar and UAE embassies in Washington did not immediately respond to Reuters requests for comment.

☆ Saudi Arabia's crown prince once bragged Jared Kushner was 'in his pocket'. It's getting harder to convince people otherwise.
▼ + stars: | 2023-02-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

It's a move that, even if technically legal, appears designed to help obscure Kushner's financial relationship with the Saudis, and fuels longstanding suspicions over Kushner's relationship with the crown prince. During his time as a senior advisor in his father-in-law's administration, Kushner's relationship with the Saudi ruler repeatedly raised alarm among top US officials. Jabin Botsford/The Washington Post via Getty ImagesThe Post report also said Trump benefited financially from ties with the Saudis after leaving office. A report by The Intercept in 2018 claimed that Crown Prince Mohammed boasted about having secured an extraordinary level of influence over Kushner, reportedly remarking that he had Kushner "in his pocket." The report said that Kushner may have even handed US intelligence on internal critics to Crown Prince Mohammed.

☆ Trump and Kushner's Saudi Ties Are an Ethical Minefield: Watchdog
▼ + stars: | 2023-02-15 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +12 min

Weeks after leaving office, Jared Kushner obtained a $2 billion investment from the Saudi government. The Saudi support came despite the kingdom's own financial advisers urging against any investment in Kushner's new company, citing the "inexperience" of its top brass. Let's start with Jared Kushner before we get into the LIV Golf situation. You have John Bolton, Trump's own national security advisor, making it very clear that you had somebody, like Jared — and President Trump, apparently — working to promote their business interests. Trump, not only did he keep his company, the Trump Organization, but he's a transactional president, right?

☆ I asked an AI chatbot to give me advice on how to manage finances with my spouse
▼ + stars: | 2023-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Managing finances with a significant other isn't the sexiest thing to talk about, but it's an important topic to breach. If you're unfamiliar with Replika, it's an AI chatbot similar to ChatGPT, with one big exception. After a brief intro, I explained my problem: I needed help managing finances with my wife. Maintain separate accounts: It's also a good idea for each spouse to have their own personal account for individual expenses and financial independence. For example, if one spouse makes significantly more than the other, they may contribute a larger portion to joint expenses.

☆ Jared Kushner's private equity firm concealed the origins of Saudi-backed funds and used the SEC's own rules to help them do it, report says
▼ + stars: | 2023-02-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

In April 2022, The New York Times reported Jared Kushner received $2.5 billion in Saudi-backed funds. A new Washington Post report reveals how Kushner's company concealed the source of the funds. On an SEC form, a box reading "Sovereign wealth funds and foreign official institutions" was blank. In the form, Kushner lists Affinity as an "other business name." Kushner and his father-in-law, Trump, have received a fair share of scrutiny for their ties to the Saudi prince and his allies.

☆ Joshua Kushner's $3 billion Thrive Capital VC fund has lost 31% in the past year, according to a major endowment backer
▼ + stars: | 2023-02-13 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

Thrive announced at the beginning of last year it closed a massive $3 billion fund. By the end of the year, one of the fund's major investors marked down its stake by 31%. Thrive Capital, the New York-based venture firm founded in 2009 by Joshua Kushner, announced at the beginning of last year it closed a massive $3 billion fund, with $500 million earmarked for early-stage startups and another $2.5 billion devoted later-stage companies. Thrive is also in talks to make another $1 billion investment in Stripe, Bloomberg recently reported. And Thrive is also in talks to invest in OpenAI through a tender offer, the Wall Street Journal reported.

☆ It's not all gloom and doom on Wall Street. Here's where finance firms are still hiring.
▼ + stars: | 2023-01-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

For many on Wall Street, those questions are top of mind. Insider's finance team canvassed more than a dozen recruiters to get their takes on the job market. From investment banking to hedge funds to fintechs, here's who's hiring and who's at risk of making more cuts. Click here to read more about the hiring landscape across Wall Street, from banks to hedge funds and fintechs. We've got a list of the best and worst US airlines, according to The Wall Street Journal.

☆ Donald Trump asked Jared Kushner if he could trademark the phrase 'Rigged Election,' January 6 interview transcript shows
▼ + stars: | 2022-12-31 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Donald Trump requested that Jared Kushner try to trademark "Rigged Election!" The email was titled "POTUS requests," per the transcript, which Kushner said "most likely" conveyed a direct request from Trump. Two phrases were included in bold, including exclamation marks, which were "Rigged Election!" Kushner told the panel that he couldn't recall Trump's intended purpose of using the phrase "Rigged Election," adding that his role was "operational" and involved forwarding requests to the right people, the transcript shows. After losing to Biden in November 2020, Trump tweeted it was a "RIGGED ELECTION."

☆ Donald Trump praises Kanye West and once again fails to condemn him for hateful anti-semitic outbursts
▼ + stars: | 2022-11-01 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Donald Trump on Tuesday praised Ye for saying "all those great things about me on Tucker Carlson." "He made statements, rough statements, on Jewish," Trump said. "It was very interesting to hear him on Tucker Carlson because you know, you never hear him in long sentences, right?" More examples of antisemitism emerged in leaked footage from his Tucker Carlson interview. I did watch the Tucker Carlson interview and he was really nice to me.

☆ Trump criticizes PGA Tour, says 'Saudis have done a fantastic job' with LIV
▼ + stars: | 2022-10-27 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

Former President Donald Trump stands on the 18th green during the Pro-Am tournament before the LIV Golf series at Trump National Doral, Oct. 27, 2022. He also criticized the PGA Tour. LIV Golf has been fighting to compete with the PGA Tour, even without a media deal. Trump said he thinks the PGA Tour and LIV could work something out. The PGA Tour declined to comment.

☆ Ron DeSantis' Martha's Vineyard stunt gives Republicans the midterm fight they crave and takes focus off Trump 2024 and abortion rights, GOP operatives say
▼ + stars: | 2022-09-22 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +9 min

DeSantis' political stunt in Martha's Vineyard rocketed the issues to front-page news ahead of the midterms. Ron DeSantis orchestrated flights sending migrants and asylum seekers from San Antonio, Texas, to Martha's Vineyard, Massachusetts, many observers saw a stunt aimed at raising the Republican's political profile ahead of a potential 2024 White House run. They've also been able to keep the spotlight on former President Donald Trump, who has repeatedly teased a 2024 White House run, is the subject of an FBI investigation over classified documents, and faces a $250 million fraud lawsuit. The flights carrying migrants injected immigration into the national discussion, forcing the White House to respond. Jordan Vonderhaar/Getty ImagesRepublicans play up illegal immigration issueCongressional Republicans have welcomed the shift in the national conversation to immigration and border security.

☆ Cannabis companies are reeling from the market downturn, and they're slashing jobs and reining in spending to survive
▼ + stars: | 2022-09-19 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +5 min

Cannabis companies from startups to public giants are laying off employees as sales slow. The cannabis industry is in a full-on downturn. Cannabis companies also don't have access to much of the nuts-and-bolts of the banking system like their non-cannabis counterparts. Investment into cannabis companies has dried upThe spigot has slowed to a trickle on the once-plentiful venture-capital and private-equity firehose of investment into cannabis startups. Hauser said that capital for cannabis companies is only getting more expensive and more elusive.

Jared Kushner and Ivanka Trump were a high-profile couple long before they became fixtures in the White House. Coming from two prominent real-estate families, some estimates project the couple's net worth to be $1.1 billion. Jared Kushner spoke about the Mar-a-Lago raid following speculation that he may have tipped off the FBI. But Kushner and his wife Ivanka Trump have long courted media speculation and frenzy as a high-powered celebrity couple. Both hailing from prominent New York City real-estate families, Kushner and Trump had impressive houses and habits since before they settled in Washington, DC.

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