Wednesday, 20 Nov 2019

State Senate OKs new rental protections for pricey NYC

Ivanka Trump took in nearly $4M from DC hotel last year

Jared Kushner, right, and Ivanka Trump, second right, watch from a window before a ceremonial welcome in the garden of Buckingham Palace in London for President Donald Trump and first lady Melania Trump, Monday, June 3, 2019 on the opening day of a three day state visit to Britain. (AP Photo/Frank Augstein)

Ivanka Trump took in nearly $4 million in revenue last year from her stake in President Donald Trump's hotel down the street from the Oval Office, up slightly from a year earlier.

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A financial disclosure report released by the White House on Friday also shows her fashion line of handbags, shoes and dresses took in at least $1 million, down from at least $5 million. Trump announced in July last year that she planned to close her company to focus on her work as a White House adviser.

The disclosure for her husband, Trump adviser Jared Kushner, shows he took in hundreds of thousands of dollars from his holdings of New York City apartments, and holds a stake in the real estate investment firm Cadre worth at least $25 million.

Chicago investment firm takes majority stake in Whataburger

An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market.

Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the summer and will be subject to regulatory overview. Terms of the deal were not disclosed.

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BDT will provide long-term capital and guidance as Whataburger, which has its headquarters in San Antonio, competes at a time when convenience stores are offering more food options and eating into market share.

The firm often invests in family-owned companies.

The first Whataburger opened in 1950 as a small roadside burger stand in Corpus Christi. It now has nearly 700 restaurants in Texas and more than 150 others in southern states extending from Arizona to Florida.

Make a Dash For Cash With This ETF

This article was originally published on ETFTrends.com.

The TrimTabs All Cap US Free-Cash-Flow ETF (Cboe: TTAC), which is nearly three years old, is a solid option for investors looking for a basket of companies with strong levels of free cash flow and tidy balance sheets. TTAC tries to generate long-term returns in excess of the total return or outperform the Russell 3000 […]

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Microsoft’s stock climbs toward a record high, and 6th-straight trillion-dollar valuation

Shares of Microsoft Corp. MSFT, +0.41% edged up 0.4% toward a record high in afternoon trading Friday, as the software giant looks set to extend its streak as a trillion-dollar company to six sessions, to buck a decline in the broader stock market. After a single day with a trillion-dollar market capitalization on April 29, Microsoft re-claimed that territory on June 7, and has held it since. The market cap was last around $1.018 trillion, while second-place Amazon.com Inc. AMZN, +0.04% was way behind at $921.3 billion and Apple Inc. AAPL, -0.69% was in third at $887.3 billion. Microsoft’s record gain Friday comes despite the Dow Jones Industrial Average DJIA, -0.06% being down 14 points, or 0.1%, and the Nasdaq Composite COMP, -0.46% shedding 0.5%.

Investors Grow Wary of Global Uncertainties

This article was originally published on ETFTrends.com.

U.S. markets and stock exchange traded funds stumbled Friday as weak economic data, growing tensions over trade and the uncertain global outlook weighed on sentiment. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) was down 0.4%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was flat and SPDR S&P 500 ETF (NYSEArca: SPY) fell 0.2%. “People […]

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Location Managers Guild Unveils New Board Of Directors

The Location Managers Guild International has its board of directors for 2019-20.

The newly elected members of the board are Ken Haber, Georgette Turner, Edward Mazurek and Walter Roshetski (read their biographies here). Haber and Turner serve as UK Regional Co-Chairs of the membership committee.

The returning board members re-elected to new terms are current LMGI President Mike Fantasia, ALSAM co-founder Jimmy Ayoub, Matt Chamberlin, Mac Gordon, Wes Hagan and Alison A. Taylor. Those continuing to serve their current terms are LMGI 1st Vice President, 2nd Vice President Jennifer “JJ” Levine, Lori Balton, Matt Palmer, John Rakich (Shadow Hunters, Hannibal) and ALSAM co-founder Les Fincher.

“We have been working hard to ensure our board reflects the guild’s national and international growth,” Fantasia said. “With representatives from the UK, Canada, Georgia, New York and Los Angeles, I feel like we’ve hit that milestone.”

Added Levine: “With the proliferation of television series being produced around the world, the guild is experiencing an exciting growth period. Location pros are hungry for recognition, information and guidance, and between our Compass magazine, the LMGI Awards and our presence at worldwide events such as Cannes, Sundance, Comic-Con, Focus and the like, the LMGI is delivering.”

The LMGI board’s outgoing members are Dorion Thomas, Mario Ramirez, Dan Taylor and founding member and former President and Treasurer Eric Klosterman.

 

State Senate OKs new rental protections for pricey NYC

The New York state Senate has approved new rental protections for more than a million New York City apartment dwellers, along with some protections that would apply statewide.

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The Senate passed the bill Friday afternoon as debate on the measure continued in the Assembly. Passage there will send the bill to Democratic Gov. Andrew Cuomo, who plans to sign it .

The measure would extend and strengthen rent rules that restrict rental increases in many older, multi-unit apartments in and around the city.

The bill would ban security deposits of more than one month statewide and authorize cities throughout New York to opt into rent stabilization.

Housing advocates praise the proposal, but landlords warn apartments could fall into disrepair if owners can't increase rents enough to recoup the cost of improvements.

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