Latest news with #Ernst
Yahoo
17 hours ago
- Business
- Yahoo
RiskVal Financial Solutions CEO Jordan Hu Named Ernst & Young Entrepreneur of the Year
Hu, a 1989 graduate of NJIT, earned the New Jersey Region award for his ambitious, entrepreneurial leadership. Jordan Hu Newark, N.J., June 12, 2025 (GLOBE NEWSWIRE) -- Jordan Hu '89, CEO of RiskVal Financial Solutions, and a distinguished alumnus of New Jersey Institute of Technology (NJIT), has been named the 2025 New Jersey winner of the Ernst & Young Entrepreneur of the Year award. The honor celebrates entrepreneurs who are building and leading high-growth, innovative companies that are transforming industries and creating positive impact. Founded in 2001, RiskVal is a global software-as-a-service provider specializing in pre-trade fixed income analytics and portfolio risk management. Its flagship solutions — RVFI and RVPortfolio — deliver real-time insights using decades of historical and market data and serve more than 1,000 portfolio managers across banks, asset managers and hedge funds. Hu earned his M.S. in computer science from NJIT and has remained closely connected to the university, having served on NJIT's Board of Trustees and championing initiatives that expand STEM opportunities for future generations. Hu's journey embodies the American dream. From his initial move to the United States from Taiwan with limited resources, his dedication propelled him to launch RiskVal Financial Solutions, a multimillion-dollar global enterprise. 'To receive this award is both humbling and energizing,' said Jordan Hu. 'It's a recognition not just of RiskVal's success, but of the journey behind it — from starting with little more than an idea to building a company that serves global financial institutions. I'm proud to be part of a community that continues to fuel innovation.' In April, Hu was selected as one of 25 finalists in New Jersey, chosen for entrepreneurial leadership, sustained growth and significant community engagement. His selection as the New Jersey regional winner was announced in June and now advances to the national Entrepreneur of the Year competition, which culminates in November at the Strategic Growth Forum in Palm Springs, California. The Entrepreneur of the Year National overall award winner will then represent the U.S. as they compete for the EY World Entrepreneur of the Year award in June 2026. 'Jordan Hu exemplifies the kind of visionary leadership NJIT is proud to cultivate,' said NJIT President Teik C. Lim. 'He took a bold idea and built a company that has reshaped how financial markets approach risk and analytics. His entrepreneurial success, paired with his commitment to giving back, reflects the core values of NJIT and the transformative power of a STEM education.' Hu's recognition is the latest milestone in a career defined by innovation and resilience. After emigrating from Taiwan, he founded RiskVal without outside funding and steadily grew it into a leading force in financial analytics. In 2024, NJIT renamed its College of Science and Liberal Arts in Hu's honor to recognize his leadership and philanthropic support. Further insights into his journey and impact can be found in 'Making a Difference in Real Time.' Attachment Jordan Hu CONTACT: Deric Raymond New Jersey Institute of Technology 973-642-7042 draymond@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Republican senators roll out DOGE budget proposals for Trump's 'big, beautiful bill'
EXCLUSIVE: A group of DOGE-minded lawmakers is rolling out a series of budget proposals to add to the Senate version of the One Big Beautiful Bill Act narrowly passed by the House. The effort, led by Senate DOGE Caucus Chairwoman Joni Ernst, will include several major proposals forged by Republicans from both chambers, seeking to help offset trillions in extant government spending. While a $9.4 billion rescissions package, a formal request from the executive branch to codify its DOGE cuts, is in the works, proponents of the Senate DOGE package say their total estimated savings would accentuate that and also surpass it in value. National Debt Tracker: American Taxpayers (You) Are Now On The Hook For $36,215,685,667.36 As Of 6/9/25 "We have a 'big, beautiful' opportunity to reduce reckless spending and save billions of dollars," Ernst told Fox News Digital Thursday. "Defunding welfare for politicians, stopping bogus payments and ending unemployment for millionaires are just the start of my commonsense solutions to continue rooting out waste, fraud and abuse. Washington has lived high on the hog for far too long, and now is the time to tighten the belt," the Senate DOGE chairwoman added. Read On The Fox News App Senate DOGE addendums to the Big Beautiful Bill Act during negotiations will include a plan from Ernst called the ELECT Act, which she said claws back hundreds of millions of dollars treated as "welfare for politicians." While $320 million from the fund was diverted to the Secret Service last year, the current $17 million sitting in the account is expected to rise to the $400 million it typically sat at by the end of the year, Fox News Digital has learned. 'America Has Doge Fever': States From Nj To Tx Draft Similar Initiatives As Federal Leaders Celebrate Partnered in that first piece of the DOGE package is also language stripping former presidents of certain perks like additional taxpayer-funded office space and non-security-related staff. More than a dozen Senate Republicans also signed onto that portion of the package. "The federal government must be held accountable for every tax dollar spent," said co-sponsor Mike Lee of Utah. House DOGE Caucus Chair Aaron Bean, R-Fla., also contributed to the package. The Senate version of his DOGE in Spending Act will be included in Senate negotiations. That portion requires any government expenditure to be accompanied by a tangible record to be provided to the Treasury after DOGE found $160 billion in taxpayer funds being distributed without an identification code or in a fraudulent manner. "The American people deserve a government that is efficient, accountable and fiscally responsible. That's why the House successfully advanced DOGE reforms through reconciliation that will safeguard America's financial future," Bean told Fox News Digital. "I encourage the Senate to build on the work we've done in the House to deliver lasting fiscal responsibility to the American people." Other pieces of the Senate's DOGE package include ending what proponents call "unemployment for millionaires," disqualifying people earning more than $1 million per year who lose their jobs from any unemployment support. More than $271 million had been disbursed to that bloc between 2021-2023, proponents said. Rep. Scott Perry, R-Pa., a former chairman of the conservative House Freedom Caucus, is leading the Protecting Taxpayers' Wallet Act in the lower chamber. The bill's language, which ends taxpayer-funded union time when government workers negotiate their contracts while on the clock, will be included in the Senate DOGE package. Another portion will compel the sale of six unused or underutilized federal buildings in Washington, D.C., that lawmakers say would free up $400 million in savings annually. The final portion will "snap back inaccurate SNAP payments," Ernst said. The effort will work to identify errors, force collection of overpayments to SNAP recipients and hold states with high levels of their own payment inaccuracies accountable for their negligence. In 2023, approximately $11 billion in SNAP funds were overpaid, but the package's authors noted individual errors of $54 or less aren't included in the tally. Democrats have been critical of DOGE efforts and the separate rescissions package. Sen. Chris Coons, D-Del., told Fox News Thursday a successful version of the latter hasn't passed since the first Bush administration. "Congress' role in setting spending would be done away with, so this first rescission should be defeated," he said. Fox News' Tyler Olson contributed to this article source: Republican senators roll out DOGE budget proposals for Trump's 'big, beautiful bill'
Yahoo
2 days ago
- Politics
- Yahoo
Iowa Democrat challenges Ernst after her controversial Medicaid remarks
Iowa state Sen. Zach Wahls (D) on Wednesday announced a challenge against Republican Sen. Joni Ernst in the Hawkeye State, as the incumbent deals with backlash over comments at a recent town hall. 'Joni Ernst has gone full Washington. Supporting handouts for billionaires and cuts to the programs Iowans rely on. I say enough. Today, I'm launching my campaign for U.S. Senate to send her packing,' Wahls said in an announcement on the social platform X. Wahls is the latest Iowa Democrat to jump into the race against Ernst after Iowa Democratic state Rep. J.D. Scholten launched his bad last week amid controversy around the Republican. Ernst drew Democrats' ire when she responded to town hall concerns about potential Medicaid cuts by saying 'we are all going to die.' She then doubled down on the remarks in a sarcastic video in which she appeared to be recording from a cemetery. Wahls included a clip of Ernst's comments in his launch video. And Scholten said he hadn't been planning on launching his campaign when he did, but he couldn't 'just can't sit on the sidelines' after Ernst's town hall. The election handicapper Sabato's Crystal Ball has already shifted Ernst's race slightly toward Democrats — from safe to likely Republican — citing Scholten's challenge and the senator's remarks. Democrat Nathan Sage is also in the running, as the party signals it sees a real chance at inroads in the state that President Trump won by 13 points in November. On the Republican side, former state legislator Jim Carlin announced last week that he's running for the Senate seat, saying Ernst has not delivered on her commitment to cut federal spending. At least three other long shot primary challengers are also challenging from the right. It's been more than a decade since a Democrat represented Iowa in the upper chamber, and Ernst is still seen as the favorite to win a third term next year even as she weathers criticism. She won reelection against a Democratic challenger by roughly 7 points in 2020. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
2 days ago
- Politics
- The Hill
Iowa Democrat challenges Ernst after her controversial Medicaid remarks
Iowa state Sen. Zach Wahls (D) on Wednesday announced a challenge against Republican Sen. Joni Ernst in the Hawkeye State, as the incumbent deals with backlash over comments at a recent town hall. 'Joni Ernst has gone full Washington. Supporting handouts for billionaires and cuts to the programs Iowans rely on. I say enough. Today, I'm launching my campaign for U.S. Senate to send her packing,' Wahls said in an announcement on X. Wahls is the latest Iowa Democrat to jump into the race against Ernst after Iowa Democratic state Rep. J.D. Scholten launched last week amid controversy around the Republican. Ernst drew Democrats' ire when she responded to town hall concerns about potential Medicaid cuts by saying 'we are all going to die.' She then doubled down on the remarks in a sarcastic video in which she appeared to be recording from a cemetery. Wahls included a clip of Ernst's comments in his launch video. And Scholten said he hadn't been planning on launching at this time, but that he 'just can't sit on the sidelines' after Ernst's town hall. The election handicapper Sabato's Crystal Ball has already shifted Ernst's race slightly toward Democrats – from safe to likely Republican – citing Scholten's challenge and the senator's remarks. Democrat Nathan Sage is also in the running, as the party signals it sees a real chance at inroads in the state that President Trump won by 13 points in November. On the Republican side, former state legislator Jim Carlin announced last week that he's running for the Senate seat, saying Ernst has not delivered on her commitment to cut federal spending. At least three other long shot primary challengers are also challenging from the right. It's been more than a decade since a Democrat represented Iowa in the upper chamber, and Ernst is still seen as the favorite to win a third term next year even as she weathers criticism. She won reelection against a Democratic challenger by roughly 7 points in 2020.
Yahoo
2 days ago
- Politics
- Yahoo
Democrat Zach Wahls announces bid for U.S. Senate
Sen. Zach Wahls, D-Coralville, announced plans to run for the U.S. Senator seat in the 2026 election. Pictured here is Wahls, left, and several other Democrats at the Anamosa State Penitentiary on April 23, 2021. (Screenshot of event livestream) State Sen. Zach Wahls, a Coralville Democrat, announced Wednesday his campaign in the 2026 election for the seat held by Republican U.S. Sen. Joni Ernst. Wahls said he is running to support 'hardworking' families and to fix the problems he and other Iowans are facing, like the high cost of groceries, child care and medications. 'Government isn't listening to Iowans,' Wahls said in an interview. 'It's not working for us. Iowans who are working hard are just falling further and further behind.' Wahls is a sixth-generation Iowan who was elected in 2019 as senator for District 43. Prior to that, he was known for his LGBTQ+ activism. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Wahls joins Rep. J.D. Scholten, D-Sioux City, and Democrat Nathan Sage of Indianola, who have announced candidacy runs against Ernst, following comments she made during a recent town hall event. Ernst, while talking at a town hall meeting about federal cuts to Medicaid and the Supplemental Nutrition Assistance Program, said 'we all are going to die' in response to an attendee who yelled that the cuts would cause people to die. Following the town hall, Ernst posted a sarcastic apology video and said, during an appearance on WHO Radio, she does not regret how she spoke. Ernst has not officially launched a campaign for reelection, but has hired a campaign manager. Her comments have drawn criticism from both sides of the aisle and led several to announce their plans to run for the seat. Wahls said he and his wife were already considering how they could 'fight for (their) fellow Iowans' in the upcoming election cycle, but Ernst's comments 'show how she has lost touch with Iowans.' 'Her tone deaf, double down the next day was bizarre, and I think underscored for me how important it is that a new generation of leaders step up and try to actually get things done in Washington,' Wahls said. Across the aisle, former state legislator Jim Carlin from Sioux City also launched a run for the seat following Ernst's comments. Wahls was the Senate Democratic leader in 2021, but was removed from the role in 2023 following a disagreement over the termination of two staff members. Wahls said the history shows he is willing to stand 'up to the establishment.' 'I've never been afraid of a tough fight, and I think that's going to serve me well,' Wahls said. SUPPORT: YOU MAKE OUR WORK POSSIBLE
