Trump's ultra-wealthy picks face a huge tax hit to join his Cabinet—but can avoid it thanks to this little known provision [Yahoo! Finance]
BGC Group, Inc. - Class A (BGC)
Last bgc group, inc. - class a earnings: 8/2 04:20 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.generalcable.com/phoenix.zhtml?c=81254&p=irol-irhome
Company Research
Source: Yahoo! Finance
compensation, but also incur a big tax bill if they are required to sell assets. Fortunately for the executives, there is a little known tax provision that can soften the financial blow of becoming a government employee. Among the wealthy executives in position to take advantage of the provision, known as a certificate of divestiture, are: Scott Bessent, founder of Key Square Capital Management, who is Trump's nominee for Treasury; Cantor Fitzgerald CEO Howard Lutnick, who Trump has tapped for Commerce; and Linda McMahon, the former CEO of World Wrestling Entertainment, who is in line to lead the Education Department. Forced to sell Government employees typically make less, much less, than Wall Street executives. For example, Gina Raimonda, the current Secretary of commerce, earned $203,500 in 2023, according to OpenPayrolls . This compares to the $37 million made last year by her soon-to-be successor, Lutnick, as CEO of broker BGC Group and as executive chairman of Newmark Grou
Show less
Read more
Impact Snapshot
Event Time:
BGC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BGC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BGC alerts
High impacting BGC Group, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
BGC
News
- Howard Lutnick's Son Takes CEO Role at Cantor Fitzgerald SPAC [Yahoo! Finance Canada]Yahoo! Finance Canada
- Howard Lutnick's Son Takes CEO Role at Cantor Fitzgerald SPAC [Yahoo! Finance]Yahoo! Finance
- Schwab Ups 2024 Revenue View, Posts Higher November Client Assets [Yahoo! Finance]Yahoo! Finance
- Trump Appointee Howard Lutnick Is A Billionaire—See His Net Worth and Businesses [Yahoo! Finance]Yahoo! Finance
- Capitolis Named to Inc.'s 2024 Best in Business List [Yahoo! Finance]Yahoo! Finance
BGC
Earnings
- 10/31/24 - Beat
BGC
Sec Filings
- 12/6/24 - Form 8-K
- 11/21/24 - Form SC
- 11/21/24 - Form 8-K
- BGC's page on the SEC website