Howard Lutnick, chairman and CEO of investment firms Cantor Fitzgerald and BGC Group, told the U.S. Senate Committee on Commerce, Science and Transportation that he would divest “all of my interests, my business interests, all of my assets, everything.”

Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.

Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.

Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.

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The billionaire Wall Street CEO fielded questions about tariffs, China's AI progress, broadband access, allegiance to Trump and the revival of American mining and semiconductor production.

Billionaire financier Howard Lutnick has emerged as an outspoken supporter of Trump's hardline trade policies.

Howard Lutnick, President Donald Trump’s pick to run the Commerce Department, said in his Senate hearing that he plans to sell all his business stakes if confirmed and for the first time acknowledged a bond his firm has with a controversial cryptocurrency client.

Howard Lutnick, President Donald Trump's nominee for Commerce Secretary and CEO of Cantor Fitzgerald, says the firm has no equity in Tether, a controversial crypto firm. But he does say Cantor owns a convertible bond with Tether.

Amid concerns over Tether’s involvement in illegal finance, US lawmakers grilled Howard Lutnick about his firm's ties to Tether.

Cantor Fitzgerald has a convertible bond with Tether, incoming Commerce Secretary Howard Lutnick said at his confirmation hearing, confirming previous reporting by The Wall Street Journal that