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PMG CEO on record $668M construction loan in Miami
  + stars: | 2024-06-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPMG CEO on record $668M construction loan in MiamiKevin Maloney, founder and CEO of PMG, joins CNBC's 'The Exchange' to discuss securing the largest condo loan in Florida's history, real estate outlooks, and more.
Persons: Miami Kevin Maloney Organizations: Miami
Wall Street is turning more bullish
  + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
New York CNN —It’s tough being a Wall Street bear these days. The S&P 500 index has climbed nearly 15% this year and clinched 30 record-high closes. The new backdrop of cooling inflation coupled with rate cuts on the horizon is prompting investors to up their bullish wagers. Evercore ISI raised its price target to 6,000 for the S&P 500, a reversal from its previous, more gloomy 4,750 target. Much of the S&P 500 index’s returns are tied to the mega-cap tech Magnificent Seven stocks, leaving the market dependent on just a handful of names to continue its monster run.
Persons: New York CNN —, Goldman Sachs, , Julian Emanuel, index’s, Bacon, Danielle Wiener, Bronner, fuming, Jin Bian, Samantha Delouya, Bian, , Ron DeSantis, isn’t, Bill 264, Sellers, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, ISI, Evercore ISI, Shoppers, Bureau of Labor Statistics, CNN Locations: New York, Monday’s, Florida, Tampa , Florida, Nanjing, China
Owning a home can provide a way to build wealth that will transfer from one generation to the next. One such issue, known as heirs' property, happens when homeowners die without a will and informally leave property to multiple descendants. The non-formal ownership may make it difficult to pass on property, access government assistance in the event of a natural disaster and to qualify for property tax relief, according to research from JPMorgan Chase. JPMorgan Chase on Tuesday announced it is providing more than $9.6 million in philanthropic commitments to organizations that help preserve homeownership by addressing heirs' property issues, appraisal bias and the undervaluation of homes. Both heirs' property and appraisal bias disproportionately affect communities of color.
Persons: JPMorgan Chase Organizations: D.C, JPMorgan Chase, JPMorgan Locations: Parkland , Florida, Washington
The House Ethics Committee said Tuesday it has identified "additional allegations" against Rep. Matt Gaetz "that merit review," as it continues to investigate the Florida Republican over claims of what it called "sexual misconduct and illicit drug use." The Ethics Committee said it is now eyeing claims that Gaetz — who denies wrongdoing — "dispensed special privileges and favors to individuals with whom he had a personal relationship, and sought to obstruct government investigations of his conduct." The ethics panel also said it had difficulty in obtaining relevant information from Gaetz and others since the probe began in April 2021 amid a federal criminal sex trafficking investigation of Gaetz and a friend, Joel Greenberg. "During the course of its investigation, the Committee has also identified additional allegations that merit review," despite the difficulty of getting information from Gaetz, the Ethics Committee said. Gaetz's fate and the outcome of the ethics probe carry more weight now that Republicans have only a paper-thin majority in the House of Representatives.
Persons: Matt Gaetz, Kevin McCarthy, McCarthy's, Gaetz —, Joel Greenberg, Greenberg, Gaetz, McCarthy Organizations: Rep, U.S, Capitol, Florida Republican, Gaetz, Florida congressman, California Republican, Republicans, Representatives, GOP Locations: Washington, Florida, Gaetz, California
A worker at a citrus fruit farm separates the tangerines for sale on June 6, 2024 in Piedade dos Gerais, in Minas Gerais State, Brazil. Pedro Vilela | Getty Images News | Getty ImagesThe orange juice industry is reeling. The crisis has even prompted some orange juice manufacturers and blenders to explore whether alternative fruits, such as mandarins, apples and pears, can be used to dilute the drink. Bottles of Simply Orange orange juice are displayed for sale in a grocery store on September 28, 2023 in Los Angeles, California. High incidence of citrus greening
Persons: Pedro Vilela, Kees, Mario Tama, What's, greening, , Greening Organizations: Getty, Vegetable Juice Association, CNBC, Intercontinental Exchange Locations: Piedade dos Gerais, Minas Gerais State, Brazil, Los Angeles , California, New York, Florida
The House Ethics Committee issued a rare statement on its probe into Matt Gaetz on Tuesday. The panel's looking into whether he sought to obstruct government investigations of his conduct. That's in addition to the existing sexual misconduct claims. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In addition to the long-standing sexual misconduct allegations, the panel said it's now looking into whether the controversial Florida congressman has "sought to obstruct government investigations of his conduct."
Persons: Matt Gaetz, , it's, Gaetz, Kevin McCarthy Organizations: Service, Business Locations: Florida
Most people know very little about the Uber drivers who take them to work, school and wherever else they need to go. A spokesperson for Uber said compensation for a driver will vary depending on a variety of factors, such as local demand. AN: What was the most you made in a single week, and the least, driving for Uber? JR: Halloween is without a doubt the most profitable time for Uber drivers in my city. Once I took out my expenses, I might have made $80 for 15 to 20 hours of work.
Persons: Jonathan Rigsby's, Rigsby, Uber Organizations: CNBC Locations: Uber's America, Florida, U.S, People, Miami, Tallahassee
There are just a few days to go until the 2024 Copa America gets up and running. A total of 32 matches will be played across 14 cities in the United States, with 16 nations in action. So how are the teams that will duke it out at the 2024 Copa America — CONMEBOL’s 10 members in South America as well as six nations from CONCACAF — shaping up? This is your hub for all of The Athletic’s Copa America 2024 squad guides. GO DEEPER Copa America 2024 squads: All 26-man selections from the 16 competing nationsFollow live coverage of Argentina vs Canada in the opening match of the 2024 Copa America todayHow to follow Euro 2024 and Copa America on The Athletic…Group AArgentinaPeruChileCanadaGroup BMexicoEcuadorVenezuelaJamaicaGroup CUSMNTUruguayPanamaBoliviaGroup DBrazilColombiaParaguayCosta Rica(Top photo: Omar Vega/Getty Images)
Persons: Omar Vega Organizations: Copa America, Copa, Argentina, Mercedes, Benz, , CONCACAF, America, Canada, The Athletic, Argentina Peru Chile Canada Group B, Argentina Peru Chile Canada Group B Mexico Ecuador Venezuela Jamaica, C, Uruguay Panama Bolivia Group D Locations: United States, Canada, Atlanta, Miami Gardens , Florida, South America, Argentina, America, Argentina Peru, Argentina Peru Chile Canada Group B Mexico Ecuador Venezuela, Uruguay, Colombia Paraguay Costa Rica
While she is not a member of the LGBTQ+ community, Gamblin said, she is an ally. Aldrich had expressed an open hatred for the LGBTQ+ community and had indicated an interest in mass shootings before, the document said. Some patrons hid or played dead as Aldrich moved though the club, shooting indiscriminately. Anderson Lee Aldrich, center, sits during a court appearance in Colorado Springs in November 2022. The shooter agreed in January to plead guilty to federal charges stemming from the Club Q shooting.
Persons: Anderson Lee, Aldrich, Charlotte Sweeney, Sweeney, , , ” Ashtin Gamblin, Gamblin, Daniel Aston, Derrick Rump, Ashley Paugh, Kelly Loving, Raymond Green Vance, Aldrich –, Stephanie Clark, Paugh’s, ” Clark, ” Wyatt Kent, ” Kent, ” Aldrich, Anderson Lee Aldrich, Anderson Lee Aldrich’s Organizations: Denver CNN, Prosecutors, US Department of Justice, Pride, Q, Justice Department, Court, Colorado Springs, CNN Locations: Colorado, Wyoming, Colorado Springs, El Paso County, Orlando , Florida, Aurora
What Donald Trump Learned From Don King
  + stars: | 2024-06-18 | by ( Matt Flegenheimer | ) www.nytimes.com   time to read: +1 min
For more than three decades, the boxing promoter Don King and Donald J. Trump have shared an enduring friendship and some defining surface similarities: an unmissable hairdo and a self-regarding gumption that became a kind of superpower, a trail of beleaguered creditors and an unswerving conviction that more is more. “Putting some gas in the tank,” Mr. King, 92, said recently at a South Florida casino bistro, presiding over a 4 p.m. lunch of New York strip steak, three eggs over easy, bacon, sausage, pancakes, grits, cranberry juice, coffee (“black like me”), with agave syrup and African hot sauce he brought from home. His waiter asked if anything was missing. “Yeah,” Mr. King said, “we’re going to need more butter.”As much as any figure has in Mr. Trump’s grand, rampaging public life, Mr. King modeled what Mr. Trump considered to be success for a Black man in America. For the former president, Mr. King was both ally and example — a half-generation older and an avatar of unrepentant excess and streetwise bravado in Mr. Trump’s 1980s heyday in New York.
Persons: Don King, Donald J, Trump, Mr, King, “ we’re, Trump’s Locations: South Florida, New York, America
CNN —The Republican primary race between Virginia Rep. Bob Good, the House Freedom Caucus chair who angered allies of former President Donald Trump and former Speaker Kevin McCarthy, and state Sen. John McGuire was too early to call Tuesday night. The congressman from Virginia’s 5th Congressional District has faced a fierce effort to knock him out from a broad swath of the GOP in what became the most expensive House Republican primary of the cycle. Vindman’s role in Trump’s impeachment likely made a difference in his campaign. After spending most of his career in Illinois, Bondar moved to Texas in 2020, living outside Dallas – where he voted in this March’s Republican primary. State voting records show Bondar’s early in-person ballot in his primary race is the first time he has voted in Oklahoma.
Persons: Bob Good, Donald Trump, Kevin McCarthy, Sen, John McGuire, McCarthy, Good, Ron DeSantis, McGuire, we’re, , Trump’s, Eugene Vindman, Abigail Spanberger, Alexander Vindman, Volodymyr Zelensky, Trump, Hunter Biden, Joe Biden, , National Security Council –, Vindman’s, Cole, Tom Cole, Paul Bondar, Bondar, impeaching Trump, , ” Trump, Dallas –, Paul Bonder, Cheyenne Stanley, he’d Organizations: CNN, Republican, Virginia Rep, Congressional, GOP, Florida Gov, Democratic, Eugene, Virginia’s, Congressional District, Trump, Ukrainian, National Security Council, CIA, Oklahoma, Cole Americans, Security, PAC, University of Oklahoma, University of Texas, State, Longhorn Locations: Virginia’s, Oklahoma, Illinois, Texas, Dallas, Caddo
Experts say rental properties, vacation homes and homes where the owners are deceased can be targets of home title theft. Here are some ways to protect yourself:What is home title fraud? Home title fraud occurs when scammers impersonate homeowners to refinance or sell a victim’s property and pocket the money. In an email associated with Naussany Investments to CNN, a self-proclaimed scammer claimed responsibility for the attempted home title fraud. A standard American Land Title Association (ALTA) homeowner’s policy of title insurance covers home title forgery and impersonation.
Persons: scammers, Elvis Presley’s, David Fleck, , , ” Fleck, “ It’s, Lisa Marie Presley, Elvis, Priscilla Presley, Riley Keough, Naussany, Florida notary’s, Jonathan Skrmetti, scammer, I’ve, Jeremy Miller, ” Miller, Fleck, ALTA’s, Miller Organizations: CNN, Naussany, Naussany Investments, New York Times, Times, Allstate, Consumer Financial Locations: Memphis, Tennessee, Los Angeles, Graceland, Florida, Nigeria, California, Georgia
CNN —“Make Europe Great Again” is Hungary’s official motto for its upcoming turn at the rotating presidency of the Council of the European Union. The country announced the motto and a new logo in a video posted on X on Tuesday. The motto is a near-exact copy of the slogan adopted by former US President Donald Trump, who has previously heaped praise on Hungarian Prime Minister Viktor Orbán. The cube features the Hungarian flag on one face and the EU flag on another. In May, Orbán held the third annual American-style CPAC (Conservative Political Action Conference) in Hungary.
Persons: Donald Trump, Viktor Orbán, Trump, , It’s, Orbán, Trump’s, MAGA, Viktor Orban, Marton Monus, Reuters Trump, Organizations: CNN, of, European Union, Mar, White House, EU, Reuters Locations: Hungarian, Lago, Florida, Hungary, Budapest, Europe
Hoft appeared to view the distinction between his personal finances and TGP Communications, the now-bankrupt corporate entity that owns The Gateway Pundit, as little more than a formality. Both he and his brother, Joe Hoft — a Gateway Pundit cofounder — took loans from the company, he said. AdvertisementSome of the creditors suing The Gateway Pundit claim the bankruptcy is a legal maneuver to try to escape from accountability in other courts. Coomer has also sued Hoft after The Gateway Pundit falsely accused him of being on "a conference call filled with Antifa-sympathizing callers" to rig the election. He used the company to give himself an $800,000 loan to purchase a condo in 2021 in Jensen Beach, Florida, he said.
Persons: , Jim Hoft, Hoft, Joe Hoft, We've, Ruby Freeman, Wandrea Moss, Eric Coomer, Freeman, Moss, Donald Trump, Rudy Giuliani, Coomer, Louis Organizations: Service, TGP Communications, Business, Voting Systems, New, New York City, Porsche, Trump, White House, US Trustee's, Pundit Locations: Florida, Georgia, New York, Jensen Beach , Florida, St
NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.
Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S
CNN —The House Ethics Committee announced Tuesday that it will continue to investigate certain allegations surrounding Rep. Matt Gaetz, including whether the Florida Republican engaged in sexual misconduct, while ending other portions of the probe. In a rare statement updating its work, the bipartisan committee stated some of the allegations against Gaetz “merit continued review” and it has “also identified additional allegations” that warrant investigating. But McCarthy has repeatedly denounced those accusations and has said Gaetz worked to oust him because of the ethics probe. In late 2020, under Trump-appointed Attorney General Bill Barr, the Justice Department opened an investigation into allegations Gaetz may have had sexual contact with a minor. A source familiar with the House panel’s work previously told CNN that the Justice Department’s decision not to bring charges against Gaetz does not impact what the committee will and won’t investigate.
Persons: Matt Gaetz, Gaetz, , ” Gaetz, Kevin McCarthy, McCarthy, Bill Barr, Joel Greenberg, Department’s, won’t Organizations: CNN, Florida Republican, Department of Justice, Gaetz, California Republican, Northwest Floridians, Trump, Justice Department, DOJ Locations: Florida, California
The House Ethics Committee issued a rare statement Tuesday on its inquiry into Matt Gaetz. The panel is looking into whether he sought to obstruct government investigations of his conduct. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe House Ethics Committee made clear on Tuesday that it's still investigating Rep. Matt Gaetz. In addition to the long-standing sexual-misconduct allegations, the panel said it's now looking into whether the controversial Florida congressman had "sought to obstruct government investigations of his conduct."
Persons: Matt Gaetz, , it's, Gaetz, Kevin McCarthy Organizations: Service, Business Locations: Florida
CNN —Bitter tensions are escalating between Joe Biden and Donald Trump over race and the future of the Supreme Court as they gear up for the most critical presidential debate clash in years. This is why Trump spent Saturday in Michigan, seeking to take advantage of signs of waning enthusiasm for Biden among Black voters. According to CNN exit polls in 2020, Trump won about 1 in 10 Black voters. But a recent New York Times/Siena College poll found the ex-president winning more than 20% of Black voters in battleground states. But the Biden campaign seemed keen to show the president in an informal setting with Obama and stars including Julia Roberts and George Clooney.
Persons: Joe Biden, Donald Trump, Trump, Biden, Barack Obama, Camp David, Ron Klain, Marco Rubio, Eric Schmitt of Missouri, South Carolina Sen, Tim Scott, Byron Donalds, “ I’m, , , Jasmine Harris, Obama, Jimmy Kimmel, ” Biden, , kilter, Julia Roberts, George Clooney, Hunter Biden, Samuel Alito’s, he’s, Kimmel Organizations: CNN, Biden, Black, Democratic, White, Senate, Trump, Republicans, Capitol Hill, House, GOP, Saturday, Sens, Trump ”, Black Republicans, Florida Rep, Semafor, New York Times, Siena College, Los, Air Force, Sunday Locations: Trump, Europe, Los Angeles, Atlanta, Marco Rubio of Florida, Washington, Michigan, South Carolina, Detroit, Philadelphia, Milwaukee, Pennsylvania, Wisconsin, Central Park, Italy, Delaware, kilter
CNN —Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. Teens spend nearly five hours a day on social media apps, according to a Gallup poll. Drew Angerer/Getty Images North America/Getty Images“It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents,” Murthy said. Congress has long chastised social media companies, claiming they pose harm to children. And Murthy urged parents to restrict children’s use of social media until they graduate from middle school.
Persons: Vivek Murthy, ” Murthy, Murthy, Drew Angerer, , Mark Zuckerberg —, there’s, , Ron DeSantis, Kathy Hochul Organizations: CNN, New York Times, American Medical Association, Gallup, U.S, North, Capitol, Florida’s Republican Gov, New York Democratic Gov Locations: North America, America, Congress
Read previewAs a young queer woman in my 20s, I found it exhilarating to march down Fifth Avenue in New York City's Pride celebrations, joining the drumming, shouting, balloons, feathers, and sequins. But my feelings toward Pride celebrations shifted when I considered bringing my two small kids. AdvertisementI wondered: What would Pride mean to our young daughters, then ages 9 and 4? It's also important, especially to our queer family. Many of our queer friends with kids have celebrated pride for years and recommended a smaller, family-friendly Pride celebration, so we decided to join the throng in Jackson Heights, Queens.
Persons: , Stefanie, It's, it's, there's, reverberations, teetering, slurring Organizations: Service, Business Locations: New York, Jackson Heights , Queens, Florida
George Norcross, who for decades had been a Democratic political kingmaker in New Jersey, was charged with racketeering in an indictment unsealed Monday. Norcross's brother, Phillip Norcross, and four other defendants also were charged in the 13-count, 111-page indictment filed by New Jersey Attorney General Matthew Platkin. George Norcross, a 68-year-old insurance executive and former member of the Democratic National Committee, was chair of the board of trustes of Cooper University Health Care and chair of Conner Strong & Buckelew. Now a resident of Florida, George Norcross was in attendance at a press conference Platkin gave on the charges Monday in Trenton. CNBC has requested comment on the indictment from George Norcross' lawyer, Michael Critchley.
Persons: George Norcross, Matt Platkin, Norcross's, Phillip Norcross, Matthew Platkin, Platkin, Conner Strong, CSB, Michael Critchley Organizations: Democratic, New Jersey, New, Cooper Health, Democratic National Committee, Cooper University Health Care, Norcross Enterprise, City of, CNBC Locations: Trenton , N.J, New Jersey, South Jersey, Camden , New Jersey, Florida, Trenton, of New Jersey, City, City of Camden
It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.
Persons: CNN —, Jin Bian, Bian, , Ron DeSantis, isn’t, Bill 264, Sellers, , Echo King, ” DeSantis, Clay Zhu, ” Zhu, Susan Li, Li, TikTok, Glenn Youngkin, Teresa Jin, ” Jin Organizations: CNN, Echo, Florida Asian American Justice Alliance, United, Chinese Communist Party, CCP, American Civil Liberties Union, US, US Department of Agriculture, Virginia Republican Locations: Tampa , Florida, Nanjing, China, Florida, Russia, Iran, North Korea, Cuba, Venezuela, Syria, “ Florida, United States, People’s Republic of China, Orlando , Florida, Montana, Virginia, California
Yelp listed Gypsea Crepes in Panama City Beach as the "best cheap eats" in Florida last year. I recently visited Gypsea Crepes and was blown away by both the crepes and the crowds. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To find the "best cheap eats," Yelp studied all single-dollar-sign restaurants in every US state and ranked them based on criteria like total volume and number of reviews. Here's what it was like to visit Florida's "best cheap eats" winner, Gypsea Crepes — and why I'd make the long trip back to the panhandle to do it again.
Persons: Crepes, , Gypsea, Yelp, Florida's, Gypsea Crepes Organizations: Panama City Beach, Service Locations: Panama City, Florida
The public jockeying by various candidates to become Donald Trump’s running mate has taken on the air of a circus. Vance of Ohio; Senator Rick Scott of Florida; Senator Tommy Tuberville of Alabama; the businessman and former presidential candidate Vivek Ramaswamy; and others. Mr. Trump’s search is playing out more like an open cattle call audition. But Mr. Trump is always governing for the cameras — his favorite constituency. Mr. Trump was America’s first reality-TV president, and now he’s reviving the hits: He’s turned the veepstakes into a reboot of “The Apprentice.”
Persons: Donald Trump’s, J.D, Vance of Ohio, Rick Scott of, Tommy Tuberville, Vivek Ramaswamy, Trump, Tim Scott, unvarnished, He’s, Locations: Manhattan, Rick Scott of Florida, Alabama
In a recent television interview, Trump said he was considering restricting access to birth control and leaving the decision to the states. Taking to social media, Trump falsely claimed that neither he nor the Republican Party supported imposing restrictions on or banning birth control. The plans call for again attacking birth control through executive action, including threatening access to IUDs and emergency contraception. In Arizona, GOP Senate Majority Leader Sonny Borrelli absurdly suggested that women could simply hold “an aspirin between their knees” as birth control. In Iowa, legislation falsely conflated birth control with abortion to block the approval of over-the-counter birth control pills.
Persons: Karen Finney, Hillary Clinton, I’ve, Karen Finney Ralph Alswange, Donald Trump, Roe, Wade, — Trump, Trump, Wade —, Joe Biden, Kamala Harris, , Comstock, Stephen Miller, Roger Severino, Severino, Susan B, Anthony Pro, Donald Trump’s, Biden, Servino, Sonny Borrelli, Glenn Youngkin, Chuck Schumer, Kellyanne Conway, we’ve Organizations: CNN, Democratic, UCLA, MAGA Republicans, Republican Party, Trump, Trump Administration, GOP, Heritage Foundation, Trump Health, Human Services Department, Republican, Congressional Republicans, Republicans Locations: It’s, Roe, America, Arizona, Indiana, Iowa, Wisconsin, Alabama , Arizona, Florida, Georgia , Iowa, Louisiana , Mississippi , Nevada , North Carolina , Tennessee, Virginia, Alabama, American
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