John Kerry disclosed millions in income and a massive stock portfolio that he’s liquidated since taking office as President Biden’s special climate envoy, according to a financial filing obtained by Axios on Friday.
Why it matters: Kerry is among the wealthiest members of the Biden administration. He maintains significant influence over U.S. energy and environmental policy as Biden’s climate envoy, a role that comes after he advised a number of firms in the space following his time as secretary of State.
The State Department, where Kerry officially works again, says he has divested assets that could pose a conflict of
U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015.
Yuri Gripas | Reuters
BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks for American investors with exposure to China are only going to rise, according to a report from Cowen.
“We believe President Biden represents a greater risk for financial firms on the China front than President Trump,” Cowen Washington Research Group’s D.C.-based analyst Jaret Seiberg wrote in an April 7 note. “We believe Team Biden will be more strategic, more
No earnings? No problem. Investors are funneling money to unprofitable software companies through a new type of debt deal.
Nonbank lenders like Golub Capital, AllianceBernstein Holdings LP and Owl Rock Capital Partners LP have issued asset-backed bonds to help finance about $2 billion of loans to such companies since November, according to data from Kroll Bond Rating Agency Inc. and S&P Global Market Intelligence. Many of the loans are to fast-growing, but still unprofitable, software enterprises.
The rash of recent deals is the latest indicator that large investors have resumed their hunt for high-yielding debt to offset low interest rates
The Fitz-Gerald Group Principal Keith Fitz-Gerald on how major cities like New York will look as America recovers from the coronavirus pandemic.
JPMorgan Chase & Co., Salesforce.com Inc. and PricewaterhouseCoopers are among the major firms looking to unload big blocks of office space, the latest sign that remote work is hurting demand for this pillar of commercial real estate.
Large companies typically sign office leases for a decade or longer, giving them few options for reducing their footprint beyond trying to sublease floors to other tenants. At the end of 2020, 137 million square feet of office space was available
At least 20 finance and tech companies are already poised to leave for sunny, low-tax Florida, said Kathyrn Wylde, CEO of the business-backed Partnership for New York City.
“The Legislature’s proposals will move us in the opposite direction by driving away the businesses and tax base required to do that,” said powerful Real Estate Board of New York President James Whelan.
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