Wall Street, hedge fund billionaires warming up to Donald Trump
Donald Trump has hit a bit of a rough patch politically, so it's good news for him that as leaders in his own Republican Party are keeping him at arm's length, a powerful group that was once antagonistic toward Trump seems to be coming around to his side. Next Tuesday, Trump and the Republican National Committee are holding a joint $50,000-per-plate fundraising dinner in New York City, with hosts paying $250,000, according to an invitation seen by The New York Times. Attending, The Times says, will be "a who’s who of the financial world," including hedge fund billionaires and real estate magnates.
Anthony Scaramucci, a hedge fund executive, tells The Times that he expects 50 or 60 people to attend the dinner, and that Wall Street's resistance to Trump seems to be fading. When it comes to backing Trump, "there are a lot of people saying 'maybe' and 'I'm considering it,'" he said. Trump has previously said that hedge fund managers "get away with murder" by paying themselves so much, and proposed scrapping the carried-interest loophole that allows them to pay much lower taxes. You can read about some of the rich and secretive attending next week's Trump fundraiser at The New York Times.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published