A tiny bank in Trump Tower is making the president's sons rich
From its New York headquarters on Trump Tower's 22nd floor, Dominari Holdings operates a tiny investment bank that, less than three years ago, pivoted from developing cancer therapies into finance.
Since then it has lost about $US70 million. One of its senior executives was named in a now-settled complaint alleging 'Boiler Room' style business practices at an earlier employer. And it has been stockpiling Bitcoin.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
a day ago
- Sydney Morning Herald
Want a secure, high-paying job? Don't expect university to get you there
I often debate with my university friends whether the debt and opportunity cost of going to university was worth it, especially now that the rise of non-degree workers is impossible to ignore. Recently, a friend I hadn't seen since high school pulled up to our running club in a brand-new Mercedes. No surprise, he went into real estate. Another casually mentioned dropping $500 on a night out at Crown. You guessed it, he's a sparky. It makes me wonder if I were finishing high school today, would a university degree offer the same clear-cut value proposition it did a decade ago? Why spend years studying when you can make six figures in construction straight out of school. In Australia, construction wages have outpaced the broader economy over the past decade as a result of increasing labour shortages, mirroring trends in the US, where blue-collar workers have seen significant wage gains post-pandemic. 'The median income of men in their 20s with a vocational qualification is higher than for those with a bachelor's degree,' says Andrew Norton, a professor of higher education policy at Monash Business School. Loading But he adds: 'Income growth in trades tends to stall in their 30s, while it continues for graduates.' According to The Wall Street Journal, young Americans are increasingly choosing trades over higher education, perceiving that they offer better job prospects in a future where artificial intelligence threatens white-collar graduate roles. Some employers are now offering highschoolers $US70,000 ($107,000) jobs to take up a trade. Increasing economic uncertainty and fears of recession are also causing companies to retain existing workers longer, while reports from the UK and US reveal graduates are struggling to find work as entry-level positions disappear.
The Age
2 days ago
- The Age
Want a secure, high-paying job? Don't expect university will get you there
I often debate with my university friends whether the debt and opportunity cost of going to university was worth it, especially now that the rise of non-degree workers is impossible to ignore. Recently, a friend I hadn't seen since high school pulled up to our running club in a brand-new Mercedes. No surprise, he went into real estate. Another casually mentioned dropping $500 on a night out at Crown. You guessed it, he's a sparky. It makes me wonder if I were finishing high school today, would a university degree offer the same clear-cut value proposition it did a decade ago? Why spend years studying when you can make six figures in construction straight out of school. In Australia, construction wages have outpaced the broader economy over the past decade as a result of increasing labour shortages, mirroring trends in the US, where blue-collar workers have seen significant wage gains post-pandemic. 'The median income of men in their 20s with a vocational qualification is higher than for those with a bachelor's degree,' says Andrew Norton, a professor of higher education policy at Monash Business School. Loading But he adds: 'Income growth in trades tends to stall in their 30s, while it continues for graduates.' According to The Wall Street Journal, young Americans are increasingly choosing trades over higher education, perceiving that they offer better job prospects in a future where artificial intelligence threatens white-collar graduate roles. Some employers are now offering highschoolers $US70,000 ($107,000) jobs to take up a trade. Increasing economic uncertainty and fears of recession are also causing companies to retain existing workers longer, while reports from the UK and US reveal graduates are struggling to find work as entry-level positions disappear.
Sydney Morning Herald
2 days ago
- Sydney Morning Herald
Want a secure, high-paying job? Don't expect university will get you there
I often debate with my university friends whether the debt and opportunity cost of going to university was worth it, especially now that the rise of non-degree workers is impossible to ignore. Recently, a friend I hadn't seen since high school pulled up to our running club in a brand-new Mercedes. No surprise, he went into real estate. Another casually mentioned dropping $500 on a night out at Crown. You guessed it, he's a sparky. It makes me wonder if I were finishing high school today, would a university degree offer the same clear-cut value proposition it did a decade ago? Why spend years studying when you can make six figures in construction straight out of school. In Australia, construction wages have outpaced the broader economy over the past decade as a result of increasing labour shortages, mirroring trends in the US, where blue-collar workers have seen significant wage gains post-pandemic. 'The median income of men in their 20s with a vocational qualification is higher than for those with a bachelor's degree,' says Andrew Norton, a professor of higher education policy at Monash Business School. Loading But he adds: 'Income growth in trades tends to stall in their 30s, while it continues for graduates.' According to The Wall Street Journal, young Americans are increasingly choosing trades over higher education, perceiving that they offer better job prospects in a future where artificial intelligence threatens white-collar graduate roles. Some employers are now offering highschoolers $US70,000 ($107,000) jobs to take up a trade. Increasing economic uncertainty and fears of recession are also causing companies to retain existing workers longer, while reports from the UK and US reveal graduates are struggling to find work as entry-level positions disappear.
