Jared Kushner plans to move away from politics and start an investment company, report says

jared kushner
Jared Kushner is pictured in April 2020, when he was working as a senior White House advisor.

  • Jared Kushner plans to start an investment firm, Reuters reported on Wednesday.
  • The move will shift Kushner away from politics, sources told the news outlet.
  • Kushner has laid low since leaving the White House in January.
  • See more stories on Insider’s business page.

Jared Kushner, ex-White House senior advisor to former President Donald Trump, plans to move away from politics and start an investment firm, according to a Reuters report on Wednesday.

Sources close to the matter told the news outlet that Kushner is finalizing the launch of Affinity Partners, an investment company that will be headquartered in Miami. The firm is still in its planning stages and is expected to launch in the coming months, according to the sources.

Kushner is also aiming to open an office in Israel, which would establish regional investments between the country and India, North African and Gulf nations, sources told Reuters.

Since leaving the White House in January, Kushner has been out of the public spotlight and moved to Florida with his wife, Ivanka Trump, and their two children.

He has spent the past six months writing a book about his time working for Trump, according to Reuters. Kushner secured the book deal with Broadside Books, a conservative imprint of HarperCollins. Trump was reportedly envious of the seven-figure advance that Kushner received for the memoir, according to a CNN report in June.

The New York Times reported last month that Kushner has told some of Trump’s closest advisors that he wants to have a “simpler relationship” with his former boss and father-in-law. As Trump remains in the political sphere, hosting rallies and endorsing GOP candidates for the 2022 midterms, Kushner has largely been absent from his circle.

Trump’s fixation on the 2020 election has driven Ivanka and Kushner away, CNN reported in June. Although the couple resides in Miami, not too far from Trump’s Mar-a-Lago resort, they’ve been visiting him less and less frequently, the report said.

Kushner previously served as chief executive of his father’s real estate firm, Kushner Companies, before he resigned in 2017 to work for the Trump administration.

In his White House role, Kushner particiapted US negotiations in the Middle East. He later assisted with the Trump administration’s response to the coronavirus pandemic.

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Ways to Invest Less but Earn More

You must have been advertisements that tell us about a bundle of ways to invest less and earn more. A little do we trust these commercials as we see them as a trap. However, deep in, we are all fond of quick buck investments. The world economy works with two things. One is big capital, and the other is creative ideas. 1. Invest In Old Machinery You must have heard that “Old is gold” However, you might not have comprehended its practical importance. Here we will show you how old things can help you earn profits. Old machinery and equipment

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Stocks in the construction and industrial sectors are set to soar as a ‘red hot capex cycle’ kicks in, Morgan Stanley says

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Electronic signage is shown at Morgan Stanley headquarters, Thursday, March 4, 2021 in New York.

  • As demand continues to outstrip supply, Morgan Stanley sees US businesses rushing to fill the breach with investment.
  • The bank highlighted three underlying trends driving long-term capex: “near-shoring” supply chains closer to home, automation, and decarbonization.
  • Analysts named Rockwell Automation and Eaton Corp, two industrial equipment companies, as strong buys.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

As demand continues to outstrip supply, Morgan Stanley sees US businesses rushing to fill the breach with investment, boosting stocks in the construction and industrial sectors, analysts wrote in a note on Thursday.

Analysts described a “red hot capex cycle,” driven by supply constraints and sky-high demand, with investment growth exceeding GDP through the end of 2022. Looking at four decades of data, capex running above GDP has tended to predict robust sales in sectors that build physical structures – like construction, engineering, and industrial conglomerates – they wrote.

But in those sectors, the association between strong capex and stock market performance is less straightforward, in part because cyclical increases in capex can be short-lived.

So to capitalize on booming investment, the bank pointed to three underlying trends that are likely to sustain capex in a more durable way: “near-shoring” supply chains closer to home, automation and digitization, and decarbonization.

Stocks that are in a position to gain from these long-term developments are the best bets for the capex surge. In particular, analysts named Rockwell Automation and Eaton Corp, two industrial equipment companies, as strong buys.

On Rockwell, which sells industrial automation tech, analysts argued that automation tends to far exceed industrial production growth during hot capex periods and that markets are underestimating the business. Eaton, a electrical equipment manufacturer, is set to benefit from a wave of electrical equipment installation as firms invest in capital.

Year-to-date, Rockwell and Eaton are up 17% and 28%, respectively.

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An Understanding of Private Funds Investments For First Time Investors

Back in 2019, a staggering amount of assets were held in private equity firms, to the amount of over $3.5 trillion. If you have never heard of this concept or are interested but not sure how to go about investing in it, the information below will help you out. First, we start by telling you what this is. Private Equity Funds (PE) When a company is not publicly listed or is not trading publicly, it is termed as a ‘Private Equity (PE)’. The investors that are usually interested in putting their money into spaces like these are usually of a

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From WallStreetBets to TikTok, finance is still all about ‘bro culture’ – but a FinTok ‘financial feminist’ and her over 150,000 followers are trying to change that

Jessica Spangler
Jessica Spangler advocates for financial feminism and empowerment on TikTok.

  • Some male TikTokers who are active on StockTok and FinTok still say finance is a man’s realm.
  • But rising female Fintok stars like Jessica Spangler are proving them wrong and advocate for financial feminism.
  • They aim to empower women to take control and understand their finances and investing.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

For some male TikTokers who are active on StockTok and FinTok, the social media platform’s financial niches, markets and investing are still ‘just for men’.

Age-old stereotypes of women not being able to understand finance, or needing men to explain investing to them, are constantly being retold. Male TikTokers often leave derogatory, insulting comments under the videos of their female peers and appear to be getting more likes and engagement on their content.

Major banks and financial institutions have strived to reduce the gender imbalance in recent years. Goldman Sachs is aiming to have 40% female vice presidents by 2025, 40% of JPMorgan‘s board members were female in 2020, 39% of Morgan Stanley‘s global employees were women, Christine Lagarde became the European Central Bank President, two of the six Federal Reserve governors are women.

Yet fewer than 1% of global financial institutions have achieved gender equality according to the Official Monetary and Financial Institutions Forum‘s 2021 Gender Balance Index. Only 15% of bitcoin and 12% of ethereum investors are women, a survey by trading platform eToro found earlier this year. And on social media, gender stereotypes are still all the rage.

“One of my first videos was talking about capital gains tax with short-term investing and just a whole bar of comments from guys: ‘she has no idea what she’s talking about, none of this is true, this is completely inaccurate’ and I was literally sharing factual information. I mean it’s not a debate, it’s not an opinion, it’s fact,” Jessica Spangler told Insider..

From simple comments like “you’re wrong” to mockery and full-blown insults – it’s all commonplace online. Scrolling through popular hashtags like #fintok, #stocktok, #investing or #finance creates a bleak image in terms of gender equality, with the vast majority of content being put out by young men. The “finance bro” community is alive and well.

Spangler, who has over 151,000 followers on TikTok and goes by the handle @ecommjess, says she is making ‘financial feminism’ a key part of her online brand.

“It is possible as a female to have a voice in finance, to take control of your own financial situation and to kind of advocate and empower yourself through financial education,” Spangler said. “It doesn’t have to be, you know, an old guy in a suit that gives you all your information,” she said.

“I just want women to feel like can have their own financial future and be financially independent and that they don’t need anybody else to, you know, handle their money for them,” Spangler said.

Spangler credits her commitment to financial feminism to her mother, who inspired her to take control of her own money.

She didn’t start her working life in the financial markets, despite having taken college credit courses on business and finance and completing certificates and an associate’s program in finance and business management in high school.

Spangler earned a doctorate degree in clinical pharmacy and began working in the field. After noticing how many women both at work, where a number were also educated to doctorate level, and in her personal life knew next to nothing about finance, she decided that had to change – and started her financial social media accounts.

In her videos, Jessica explains everything from 401ks and Roth IRAs to credit card rewards, as well as concepts such as extended warranty and capital gains tax. But she also uses her platform to actively encourage women to invest and educate themselves about finance.

“Ladies we can make money in the stock market, we will make money in the stock market, we are smart and powerful and wealthy, you’re already a boss, now be your own boss,” she says in one of her TikTok clips. Women celebrated her in the comments for the video.

In fact, the vast majority of her followers are women, she said. And they are more than keen to learn about finance – Spangler’s comments are filled with young girls and women asking for advice and further clarification. Any topics that help them set themselves up for a secure financial future are especially popular, she said. But she avoids giving direct financial advice and instead encourages them to educate themselves – a core part of her social media accounts’ mission.

“I am trying to educate, to provide people with the tools to assess information on their own and go out into the world and look into these things further so that hopefully they feel inspired to learn more and make their own decisions and mostly just feel empowered to make those decisions,” Spangler said.

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The merger of WarnerMedia and Discovery has at least $3 billion in ‘cost synergies,’ a phrase that often means layoffs

John Stankey, WarnerMedia
AT&T CEO John Stankey.

  • The merger of AT&T’s WarnerMedia with media company Discovery includes at least $3 billion of annual “cost synergies.”
  • AT&T didn’t detail these cost cuts when it announced the merger on Monday.
  • Cost “synergies” often mean layoffs.
  • See more stories on Insider’s business page.

US telecom giant AT&T on Monday announced it would merge its content unit WarnerMedia with media company Discovery, creating a new streaming giant that could go head-to-head with Netflix and Disney.

In the press release, AT&T highlighted that the deal had “at least $3 billion in expected cost synergies annually.” These “synergies,” or cost reductions, would allow the newly formed company to invest in its content and scale its business, AT&T said.

Cost “synergies” are a common feature of big deals, especially when companies have overlapping operations, as is the case with WarnerMedia and Discovery. They can take many forms, including layoffs, the consolidation of suppliers, or the sharing of office space.

WarnerMedia – which includes HBO, TNT, CNN, and Warner Bros. – and Discovery both have entertainment and news assets. Both have streaming platforms: HBO Max for WarnerMedia, and Discovery Plus for Discovery.

AT&T did not detail the cost savings when it announced the deal Monday. Insider has reached out to AT&T and Discovery for comment.

AT&T shareholders would receive stock equating to 71% of the new company, while Discovery shareholders would own 29%, the companies said in the press release.

Read the original article on Business Insider

The European Super League has raised questions about how football clubs are funded and why they end up swimming in debt. Here’s what the experts say.

Super League
Soccer fans protest plans for a European Super League.

  • The ESL was set to be one of the most elite and wealthy breakaway football leagues ever.
  • Despite the league’s collapse, it’s triggered a fan-led review into clubs’ financial situations.
  • Two football finance experts told Insider how clubs earn money and why they get into so much debt.
  • See more stories on Insider’s business page.

The new European Super League (ESL) came crashing down recently after nine football clubs pulled out of the plans following huge backlash from fans, politicians, and players.

The 12 teams that were about to join the elite breakaway league would have been handed between 100 million to 350 million euros ($120 million to $420 million), the Financial Times first reported.

The ESL was also planning to receive $4.2 billion in debt financing from JPMorgan over a 23-year period, before the US investment bank said it “misjudged” the deal after the majority of the teams withdrew from the league within 48 hours.

Now, a fan-led review into English football will take place to assess clubs’ finance, ownership, and supporter involvement in the game.

But it begs the question: where does all this money come from in the world of football? Overall, there are three main sources of revenue: broadcasting, commercial, and matchday revenue.

TV broadcasting revenue

TV deals are one of the most important sources of income for football clubs. which can be sold domestically and internationally. Leagues, such as the highly popular English Premier League, own the television distribution rights of all their games.

TV channels bid for the rights to air the matches and the football leagues sells them to the highest bidder. For the Premier League, this happens every third season and is typically Sky Sports, BT Sports, and most recently, Amazon Prime.

Robert Wilson, football finance expert and lecturer at Sheffield Hallam University, told Insider that broadcast revenue typically makes up around 70% of the income of most Premier League clubs.

Although each club gets an equal share of the deal from the Premier League, they also receive merit payments – if they’re shown on TV more, they get paid more.

Wilson said that last year, Liverpool, who won the Premier League, earned around £150 million ($208 million) from the domestic TV rights deal, while Norwich City, who came last, earned around £110 million ($153 million). Relegation is therefore a costly and daunting prospects for clubs near the bottom of the league.

Read more: What Wall Street bankers really thought about JPMorgan’s $4.2 billion European Super League deal

The rights to show Premier League matches between 2019 and 2022 were sold for nearly £4.5 billion ($6.2 billion) in 2018, with Sky Sports getting hold of the majority of the games. This was a drop from £5.1 billion ($70 billion) in the 2016-2019 seasons.

Reports suggest that when broadcasters bid for 2022-2025 TV rights this summer, they won’t be prepared to spend as much as they did in previous years. Since BT Sports and Sky Sports agreed to a content-sharing deal in 2017, competition dropped between TV channels for the need to bid big, The Guardian reported in January.

“They were trying to produce – in my view – more football and the market was probably saturated,” Wilson said.

Commercial revenue

Another big money pot for football clubs is commercial revenue – in other words, income from sponsorship and merchandising, ranging from shirt sales, license holders, and retail outlets.

Big brands, such as Adidas, pay license fees to football clubs to stick the club’s logo on their shirts. As an example, Wilson said Adidas pays Liverpool a flat fee of £75 million ($10.4 million) to license the production of their replica jerseys.

“It doesn’t matter if they sell one shirt or a hundred million shirts, they still get £75 million,” Wilson said.

He also said the shirt sponsor, which is stuck on the front of the football shirt, is also a source of commercial revenue, as well as shirt-sleeve sponsors. Some of this revenue goes into the other parts of the club, such as the women’s club, he added.

The merchandising aspect of commercial revenue was hit hard during the COVID-19 pandemic because of the closure of shops, Dr. Nicolas Scelles, senior lecturer in sports management at Manchester Metropolitan University, told Insider.

“They can still sell online, but of course it affects the commerical revenue,” he said.

Matchday revenue

The final major source of income for clubs is the money they earn on the day of a match. This includes matchday sponsorship, the sponsor on the ball, and most importantly, tickets sales.

The expensive corporate boxes, which business people use to entertain clients in, contributes to the total income, as well as food and drink sales.

It’s important to note that matchday revenue varies depending on the size of the club stadium – a bigger stadium with more fans, such as Arsenal’s Emirates stadium, will generate more revenue on a match day.

Scelles said this type of revenue has been affected the most by COVID-19 considering that stadiums were forced to close for the majority of 2020.

Transfer fees can also be income, Scelles said, as well as club owners’ injecting in their own money, but these two factors aren’t consistent sources of revenue that keep every football club up and running.

So why do clubs end up drowning in debt?

Player transfer fees and players’ salaries are the two main things that football clubs spend their money on, and they’re not cheap, especially when there’s no cap on how much players earn.

The most expensive transfer fee so far was Neymar da Silva Santos Júnior who transferred from Barcelona FC to Paris Saint Germain (PSG) for £200 million ($277 million) in 2017.

Wilson said it’s not uncommon for a number of clubs to spend more than they earn, and many have 140% of expenditure to turnover. The expenditure usually gets underwritten by future revenues, he added.

“Because the TV deals and the sponsorship arrangements are multi-year, they’ve got some guaranteed future revenue. But then they tend to accrue large debts and that’s why we see frequent instances of ownership change,” Wilson said.

Ownership transition can happen when a club ends up in millions of dollars of debt and a new owner takes over from the previous one to inject more money into the club. But this starts the cycle all over again, Wilson said.

The piles of debt stem from the huge competition between the teams. They’re all fighting to win the most trophies, nab the best players and be the best in the league. As a result, they hike up players’ salaries and transfer fees.

This “winner takes all scenario” sets benchmarks for other clubs, Wilson said. For example, Neymar being transferred for £200 million lifted the entire ceiling for how much transfer fees should cost, he said.

Wilson believes football’s financial system isn’t sustainable. “These losses are almost accepted as part and parcel of the financial model,” he said. “There’s loopholes and grey areas,” he said.

The only reason why there’s a review into the finances after the European Super League is because the clubs involved are some of the biggest in the world and the logistics of the league sparked uproar from loyal fans, Wilson said.

From a business perspective, Scelles doesn’t think clubs being in debt is a bad thing as the money is being used to generate more revenue, develop the club, and extend it internationally. But he said there needs to better financial management in place, even though this is hard to regulate in football.

Read the original article on Business Insider

What Is Short Selling In Share Market and How Do Short Sellers Make Money

Last Updated on April 26, 2021 by Justin Su

Are you trying to make money online as a trader?

Then you must know about short selling in the share market. If you don’t know what is Shorting then you are really missing out big opportunity as an earn maker.

This is going to be explaining the article on what is short selling and how do short sellers make money from it.

Let’s start with the basics.

What Is Short Selling In Share Market?

Short selling is the process of selling any stock at the current price and assuming that price will go down so they buy the stock back and sell them again when the price goes up.

The person who follows this process and makes a profit from it are known as short-sellers. It is also known as short finance.

In simple step – an investor purchases stock from a broker at a decided price and period, sells the stock at the current rate, waiting for the price to go down, buy back the stock when the price goes down, and at last sell them when the price goes up.

Short selling process looks very simple to follow but it involves huge risk.

Who Involves In Short Selling Process?

In the process of shorting, there are three main people who involve in it, they are investor, broker, and Company.

What Is Shorting A Stock Example

For example, you as an investor think that the price of TATAMOTORS stock will drop to $3 from $4 per share. So you go to a broker and borrows 1000 stocks at $4.00 (total $4,000) at a fixed rate & time, now you sell those stocks back at the current market price suppose it is $4.00 (1000×4=4000).

Now when the price of the stock goes down to $3 you purchase them back at a total of 1000 stocks at $3.00 ($3,000).

And now you go to your broker and sell them these 1000 stocks at $4.00 which means you earn a flat profit of $1000. This is how do short sellers make money.

But in case if the price doesn’t go lower as you think then you as an investor will be at a loss.

How Do You Borrow A Stock To Short Sell?

There are various methods to borrow stock to short sell. Following are the best Short selling app I know. These apps or websites are for USA residents only hence if you are from any other country then please refer to Google.

  •  TradeZero
  • Webull
  • TradeStation
  • TD Ameritrade
  • Firstrade
  • TastyWorks
  • RobinHood & Acorns

Famous Short Sellers

Below are the famous short-sellers who are known for their short sales. If you want to know more about them then you have to google about that.

  • Jim Chanos of Kyniko
  • J Capital
  • QCM

Famous Short Stocks

  • Vici Properties
  • General Electric
  • Sirius XM
  • Discovery
  • Bank of America

Conclusion: This article is published in order to help beginners to understand what is short selling and how to make money from short selling. I hope shorting a stock explained properly to you.

The post What Is Short Selling In Share Market and How Do Short Sellers Make Money appeared first on MoneyForWallet.

Bitcoin’s momentum will end and it will be ugly – regulation will kick in and countries likely won’t ignore its huge carbon footprint, an investment advisor says

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Bitcoin has ushered in a movement hailed by investors for its ability to decentralize the financial system.

But one investment advisor just highlighted two key factors that pose big risks to bitcoin’s momentum: the threat of regulation and its impact on the climate.

The world’s most popular cryptocurrency broke its mini-slump on Wednesday by rising 1% to above $55,000. It tumbled as much as 17% over the weekend, partly driven by an unverified report that said the US Treasury may soon crackdown on financial institutions using digital assets to launder money.

“We’ve got a whiff over the weekend of what could happen if regulation comes to this product – I’m not going to call it an asset class,” Stephen Isaacs, chairman of the investment committee at London-based advisory firm Alvine Capital, told CNBC on Monday.

“I don’t know where it will end, or how it will end, but it will end,” he said. “And when it ends, it will be ugly, because there will be nothing there.”

Isaacs further added that bitcoin’s energy usage will be its downfall “if anybody’s serious about climate change.”

“This is a very dirty product, and it’s getting dirtier by the minute, because the amount of energy that is required to mine additional supply is going up,” he said.

Analysis by Cambridge University shows bitcoin consumes more electricity annually than the whole of Argentina, BBC reported in February. Energy consumption is said to have a linear relationship with its price.

Research by Bank of America shows each $1 billion in inflows is equivalent to the same amount of energy used by 1.2 million cars. Conversely, digital currencies proposed by central banks are believed to not have the same negative impact.

Isaacs said the currency is rising in value because of speculation and a “buy-everything” inflationary environment, but it has no fundamentals, or intrinsic value.

“It’s almost a victim of its own success, that if this product allows the transfer of vast amounts of money between individuals who have complete anonymity, it goes against a whole generation of regulation,” he said.

Read the original article on Business Insider

2 top energy execs share why the oil-price rebound won’t derail clean-energy investment

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Oil prices have rebounded significantly since last year’s pandemic-driven plunge.

You might think that would be bad for clean energy. But contrary to expectations, energy executives say that it’s actually good news for clean-energy investments.

Oil giants like Shell have turned a close eye to clean energy and created new targets to reduce the ‘intensity’ of emissions over the next three decades.

Other corporations like Facebook are joining in by buying huge amounts of solar and wind power. Smaller startups have in the meantime made progress on breakthrough technologies like batteries that last for days – a key component to transitioning to cleaner energy.

The new administration has also signaled that clean energy is a key priority. President Joe Biden set forth an ambitious climate-change agenda, and investment in clean-tech is booming. Energy executives told Insider they’re watching closely and hope to see alignment of regulatory authorities and support to offshore wind industries among other moves from the new president.

Insider’s Benji Jones gathered four top executives in the energy industry for a live roundtable earlier this month to talk about how Big Oil can make good on its promises, how to generate returns for shareholders while pivoting into cleaner energy products, and which breakthrough technologies are needed to reach net-zero emissions by 2050.

Panelists also discussed how rising oil prices may actually benefit investments into clean energy, as contrary as that may sound. West Texas Intermediate crude trades for about $61 a barrel, around pre-pandemic levels. Crude tumbled last year as COVID-19 put a stop to travel and manufacturing, driving down demand for oil.

The panelists included: Urvi Parekh, Facebook’s head of renewable energy; Mateo Jaramillo, Form Energy’s cofounder and CEO; Shell’s EVP for renewables and energy solutions, Elisabeth Brinton; and Francois Austin partner at Oliver Wyman in the UK and head of the group’s energy practice.

Brinton told Jones that Shell – known for being a major oil and gas company – is investing in energy storage well as many other cleaner technologies.

“We’re involved in offshore wind, onshore wind, onshore solar, storage, hydrogen. So green hydrogen for industrial and transport uses,” Brinton said. “We have the largest LNG business in the world, and so we have a lot of experience moving ships and transport.”

Shell is “technology agnostic,” according to Brinton, who added that the company is really focused on use cases and how it can help various sectors reduce their carbon footprints.

Oliver Wyman’s Austin told Insider that the oil-price recovery isn’t putting the investment case for clean energy at risk. On the contrary, Austin said, the rising prices will actually “enable the Shells of this world to finance this transition” to clean energy.

“I think society has shifted. I think COVID has been a wake-up call,” he said. “Momentum is there.”

Austin said that oil and gas are going to continue to be part of the energy mix as far out as 2040 or 2050. The transition to clean energy is expected to take a long time as new technologies develop over time.

Brinton agreed, adding that she believes the near-term price of oil actually helps speed up the transition by funding it.

“That’s a really important point because a lot of people think, ‘Well, that’s bad. It’s going to slow things down,” she said. “Actually, it’s very helpful.”

Read the original article on Business Insider