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8 mentions found


☆ Trump-supporting hedge fund billionaire says he'll pull his money out of the market if Harris wins the election
  + stars: | 2024-09-18 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
The Trump-supporting hedge fund billionaire criticized Harris' tax plans on a Fox Business segment. Paulson said a proposed tax on unrealized gains would "could mass selling of almost everything." AdvertisementBillionaire hedge fund manager and Trump donor John Paulson told Fox Business that he will sell his stocks if Kamala Harris wins the presidency in November. Paulson was particularly focused on Harris' proposal to levy a 25% tax on unrealized gains for individuals worth more than $100 million. AdvertisementBillionaire Mark Cuban took to X, formerly Twitter, to compare how businesses would do between Harris' tax policy and Trump's plans for broad-sweeping tariffs, concluding that Harris would offer more in after-tax profit.
Persons: John Paulson, Kamala Harris, Harris, Paulson, —, I'd, Kent Smetters, Donald Trump, Mark Cuban Organizations: Trump, Fox, Service, Billionaire, Fox Business, Penn Wharton Budget, Business, Biden, Jobs, Republican
☆ Trump reports outraising Biden campaign in April, but Dems maintain cash advantage
  + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +2 min
Biden's political operation announced on Tuesday in a press release that the combined campaign, joint fundraising committees and the Democratic National Committee raised $51 million in April. Trump and the Republican National Committee recently announced they raised $76 million last month. Excluding any money from the RNC or any PACs, Trump's campaign committee reported raising $9.4 million in April. Biden's campaign committee raised $24.2 million in the same time period, according to new FEC filings released late Monday night. The event raised over $50 million shared between the Trump campaign, the RNC, his political action committee Save America and over a dozen state parties, according to the Trump campaign and the RNC.
Persons: Donald Trump, Joe Biden, Biden's, John Paulson's, Trump, Biden, Trump's Organizations: U.S, Republican, New, Democratic National Committee, Trump, Republican National Committee, Biden, Federal, Commission, RNC, Wall Street, White Locations: New Hampshire, Rochester , New Hampshire, U.S, New York, Florida, Manhattan
☆ Trump turns to his 'old cast' to raise millions for 2024 and the PAC paying his legal bills
  + stars: | 2024-03-25 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +5 min
The hedge fund founder is hosting a splashy fundraising dinner for Trump April 6 at his house in Palm Beach, Florida. But Paulson is not the only GOP kingmaker who is privately gearing up to help Trump. "It's the old cast coming back together to take it across the finish line," said an advisor to one of Trump's bundlers. Many of these "old cast" members are business leaders who have been close to Trump for years. As for the money going to pay Trump's legal bills, at least some of the people attending the Paulson event don't seem to care.
Persons: Donald Trump, John Paulson, Mike Segar, Trump, Paulson, Republican megadonor Rebekah Mercer, Robert Mercer, Rebekah, Oliver Contreras, Rebekah Mercer, Todd Ricketts, Wilbur Ross, Small Business Administration Linda McMahon, Woody Johnson, Meredith O'Rourke, Susan Necheles, Brendan Mcdermid Organizations: Economic, of New, Reuters Veteran, CNBC, Trump, GOP, Republican, New York, The Heartland Institute, Washington Post, Chicago Cubs, Trump Commerce, Small Business Administration, Trump's, New York Jets, NBC News, Save America PAC, Republican National Committee, America, Former U.S, Reuters Trump Locations: of New York, Manhattan , New York, U.S, Palm Beach , Florida, Palm Beach, Trump, Washington ,, Trump's U.S, United Kingdom, Former, New York City
☆ Some Houses Are Being Built to Stand up to Hurricanes and Sharply Cut Emissions, Too
  + stars: | 2023-11-05 | by ( Associated Press | Nov. | At A.M. | ) www.usnews.com   time to read: +7 min
Some developers are building homes like Paulson's with an eye toward making them more resilient to the extreme weather that's increasing with climate change, and friendlier to the environment at the same time. Solar panels, for example, installed so snugly that high winds can't get underneath them, mean clean power that can survive a storm. Recycled or advanced construction materials that reduce energy use as well as the need to make new material. Pearl Homes' Mirabella community in Bradenton, Florida, consists of 160 houses that are all LEED-certified platinum, the highest level of one of the most-used green building rating systems. “We’re building the same old stuff that got blown away.”Babcock Ranch is another sustainable, hurricane-resilient community in South Florida.
Persons: Hurricane Michael, Bonny Paulson's, ” Paulson, Steve Linton, “, Marshall Gobuty, ” Gobuty, Paulson, she's, ”, ” Babcock, Syd Kitson, Ian, Kitson, you’re, Nature, Natalia Padalino, Alan Klingler, ” Klingler, ” Padalino, Laura Bargfeld, Gerald Herbert Organizations: Hurricane, Florida Panhandle, Homes, Pearl Homes, University of Central, Babcock, Florida Keys, Associated Press, AP Locations: Mexico Beach , Florida, Bradenton , Florida, University of Central Florida, Florida, Mexico Beach, South Florida, U.S, New Orleans
☆ Elite investor John Paulson claims in a new lawsuit that his ex-business partner duped him out of millions to fund Louis Vuitton shopping sprees and Las Vegas parties
  + stars: | 2023-10-17 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
John Paulson is suing his former Puerto Rico business partner. Ghaffar used the scheme to fund his shopping at Chanel and partying in Las Vegas, Paulson alleges. AdvertisementAdvertisementJohn Paulson is suing his former business partner in Puerto Rico, alleging that he and several family members duped the investor out of millions of dollars to fund luxury shopping sprees, Las Vegas parties, and other expenditures. Ghaffar sued Paulson earlier this month, claiming he'd been cheated out of a 50% stake in a luxury car dealership. Ghaffar joined the firm as a junior analyst and eventually rose to become a senior manager in Puerto Rico.
Persons: John Paulson, Fahad Ghaffar, Ghaffar, Paulson, —, Fahad, Paulson's, Saint Barthélemy, he'd, didn't Organizations: Chanel, Service, Paulson, Louis Locations: Puerto Rico, Las Vegas, San Juan, Louis Vuitton, Saint, New York City
☆ US court rules no class action on Goldman Sachs crisis-era claims
  + stars: | 2023-08-10 | by ( Jody Godoy | Thomson Reuters | Jody Godoy Reports On Banking | ) www.reuters.com   time to read: +3 min
People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew KellyAug 10 (Reuters) - Goldman Sachs (GS.N) shareholders cannot go forward with a class action alleging the bank misled investors about its business practices ahead of the subprime mortgage crisis, a U.S. appeals court ruled on Thursday. Circuit Court of Appeals ruled in three pension funds' long-running case accusing the bank of unlawfully hiding conflicts of interest when creating risky subprime securities, costing investors more than $13 billion. The investors said that the bank's fraudulent statements kept its stock price artificially high. Goldman argued that these "aspirational" statements were too vague and general to have had any impact on the stock price.
Persons: Goldman Sachs, Andrew Kelly, Goldman, John Paulson, Jody Godoy, Jonathan Oatis, John Stonestreet Organizations: REUTERS, The, Circuit, U.S, Goldman, Abacus, U.S . Securities, Exchange Commission, Supreme, Appeals, Thomson Locations: Manhattan , New York, U.S, The New York, Arkansas, New York
☆ Real-estate tycoon Jeff Greene made $800 million shorting the last housing bubble. He explains how John Paulson inspired the contrarian bet, and how he's protecting his wealth today.
  + stars: | 2023-06-08 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Jeff Greene told the story of his lucrative wager against the mid-2000s housing bubble to Insider. John Paulson told Greene about his iconic trade, which "Big Short" investor Michael Burry also made. Jeff Greene, one of the few investors to successfully short the mid-2000s housing bubble, expects the US economy to slump and home prices to drop. Warren Buffett, during Congressional testimony in 2010, underscored how contrarian it was to bet against the housing market at that time. "The Cassandras were there, but who's going to listen to John Paulson in 2005 or 2006, or Michael Burry?"
Persons: Jeff Greene, John Paulson, Greene, Michael Burry, Paulson, Paulson's, Warren Buffett, Berkshire Hathaway Organizations: Federal, Forbes, Berkshire Locations: West Palm Beach , Florida
☆ Why MLM Sales 'Huns' Get so Much Hate on Reddit, TikTok
  + stars: | 2023-04-18 | by ( Aimee Pearcy | ) www.businessinsider.com   time to read: +15 min
Over the past few years, MLM companies have been under increased scrutiny. MLM companies largely appeal to those who are disconnected and looking for a way to get on solid financial footingAt first, Stimson felt optimistic. And a 2018 AARP survey found that just 25% of MLM participants made a profit. US direct-sales companies, which include MLM companies, earned $42.7 billion in retail sales in 2021, according to the Direct Selling Association — a 21% increase from 2019. And two-thirds of MLM participants said that "knowing what they know now, they would not join the same MLM company again."
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