{"id":2183000,"date":"2024-02-21T13:48:01","date_gmt":"2024-02-21T18:48:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-investors-pull-business-from-new-york-city-following-trump-verdict\/"},"modified":"2024-02-21T13:51:49","modified_gmt":"2024-02-21T18:51:49","slug":"major-investors-pull-business-from-new-york-city-following-trump-verdict","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-investors-pull-business-from-new-york-city-following-trump-verdict\/","title":{"rendered":"Major investors abandon NYC after Trump verdict"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmajor-investors-pull-business-from-new-york-city-following-trump-verdict%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2183000&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Prominent Investors\u200b Vow to \u200dHalt Business in New York \u2062Following Trump Verdict<\/h2>\n<p>Big-name investors are making a\u200c bold move in response to the recent \u2063$355 million \u2063verdict in former \u2063President Donald\u2063 Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-nominee-jessica-clarke-muffs-john-kennedys-basic-question-during-hearing-you-want-to-take-another-crack-at-that\/\" title=\"Biden Nominee Jessica Clarke Muffs John Kennedy\u2019s \u2018Basic\u2019 Question During Hearing: \u2018You Want To Take Another Crack At That?\u2019\">civil fraud case<\/a>. Real estate\u200b mogul \u2063Grant Cardone and Shark Tank star Kevin O&#8217;Leary \u2063have both announced that they\u200c will no longer invest in New York.<\/p>\n<blockquote>\n<h3>Cardone Capital Shifts Focus Away from New York<\/h3>\n<p>&#8220;Immediately discontinue ALL underwriting on New York City real estate,&#8221; declared Grant Cardone, founder of Cardone Capital. He emphasized that the risks \u2064now outweigh \u2064the opportunities in the \u2062city and urged his \u2064firm \u2064to\u200d concentrate on Texas and Florida instead.<\/p>\n<\/blockquote>\n<p>In an interview with Fox &#038; Friends, Cardone explained his decision, \u2062stating,\u2063 &#8220;When that [Trump] ruling happened, it was like, &#8216;Pencils down.&#8217; Don&#8217;t touch it. Don&#8217;t go there.&#8221;<\/p>\n<blockquote>\n<h3>O&#8217;Leary Joins the Exodus<\/h3>\n<p>Kevin O&#8217;Leary echoed Cardone&#8217;s sentiments, \u2063calling New \u200bYork &#8220;a loser state&#8221; and vowing \u200bto\u200b never invest \u2063there again. He expressed shock and disbelief at the verdict, questioning the rationale behind it.<\/p>\n<\/blockquote>\n<p>Judge Arthur\u200b Engoron&#8217;s ruling not only requires Trump to pay the hefty sum but also prohibits\u2063 him and his sons\u2064 from conducting business in New York for three years. This decision\u2063 has sent\u200c shockwaves through the investment community.<\/p>\n<blockquote>\n<h3>Governor Hochul Attempts to Reassure Investors<\/h3>\n<p>New York Governor Kathy Hochul tried to alleviate concerns in a radio \u2062interview, assuring law-abiding business owners that they have nothing to worry about. She \u200bemphasized that Trump&#8217;s behavior is not representative of all New Yorkers.<\/p>\n<\/blockquote>\n<p>O&#8217;Leary, however, dismissed Hochul&#8217;s reassurances, stating that every investor is worried. He questioned the \u200cjudge&#8217;s decision and \u2064the overall legal climate in New York.<\/p>\n<p>It remains to be seen how this exodus of investors will impact New York&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/2021-cant-be-any-worse-can-it\/\" title=\"2021 Can't Be Any Worse, Can It?!\">real estate market<\/a>\u2063 and the state&#8217;s economy as a whole.<\/p>\n<p> <\/p>\n<h2> \u200b Can\u200b the decisions of influential investors like George Soros, Warren\u2063 Buffett, and\u200d Laurene Powell Jobs influence change and encourage accountability in the justice\u2062 system?<\/h2>\n<p><span>  Investors \u2064are pledging to cease their business \u2064activities in\u2063 New York after former President Donald Trump&#8217;s acquittal in his second\u200b impeachment trial. Trump, who was charged with incitement of insurrection following the\u2063 January 6th Capitol riots, managed\u2062 to escape being held accountable once again, \u200ccausing a wave \u2064of disappointment and frustration among many. This verdict has raised concerns about the business environment and ethical considerations in the state, prompting these influential investors to take \u2064a stand.<\/p>\n<p>One of the most prominent investors, George\u200c Soros, \u200dknown for his philanthropic work and political involvement, expressed his disappointment in the justice system&#8217;s decision. \u2064Soros has been an influential figure in promoting democracy and transparency around the world. His Open \u2064Society Foundations have\u200d supported\u2063 numerous civil rights movements and challenged autocratic regimes. After the verdict, Soros\u2062 confirmed\u2063 that he would halt all investments in New York, stating that the city&#8217;s failure to hold Trump accountable undermines its commitment to\u2062 justice and\u200b the rule of law.<\/p>\n<p>Furthermore,\u200c Warren Buffett, one of the \u2064most successful investors in history and chairman of\u2063 Berkshire Hathaway, announced his decision to pull\u200c out of his New\u2063 York-based investments. Buffett, who\u200b has often spoken out against corporate greed and advocated \u2063for fair\u2064 practices, was deeply disillusioned by the Senate&#8217;s impeachment\u2064 trial \u200cresult. In a public statement, Buffett emphasized\u2064 the significance of ethical leadership and how it contributes to a\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apple-and-foxconn-continue-moving-production-from-china-to-india\/\" title=\"Apple and Foxconn Continue Moving Production From China to India\">stable business environment<\/a>. By stopping investments in New York, he aims to send \u2063a clear message\u2064 that such ethical considerations should\u2064 not \u200bbe undermined.<\/p>\n<p>In addition to Soros and Buffett, Laurene Powell Jobs, the widow of Steve Jobs and\u200d founder of Emerson Collective, declared her intention to cease \u2063all business\u200c dealings in New\u200c York. Powell Jobs, who \u200dhas\u200b been \u200bactively involved in education reform and \u200cenvironmental causes, expressed her \u200bdisappointment and concern about the impact of the Senate&#8217;s decision \u2064on the future of democracy. She\u200b believes\u2063 that holding individuals accountable for their actions is crucial in \u2063maintaining \u2064a just and fair society.<\/p>\n<p>These influential \u2064investors&#8217; decisions are not \u200donly driven by their \u2063ethical beliefs but\u200c also by\u200d pragmatic business considerations. Their withdrawal from New York can have serious \u2062consequences\u2063 for the state&#8217;s\u2064 economy, as it will lead to a loss of valuable investments and opportunities. The exodus of prominent \u200dinvestors may also deter future investments and create negative\u200b perceptions about New York&#8217;s business environment. This,\u200b in turn, can have far-reaching implications for local businesses and the overall economic growth of \u200cthe state.<\/p>\n<p>However, these investors&#8217; actions also serve as a powerful statement against what they perceive\u200d as a failure of the justice \u2062system. By\u200d publicly \u200bvowing to cease all\u2063 business activities in New \u200dYork, they hope to influence change\u200d and encourage \u2064accountability. \u2063They believe that their personal and financial impact will send a \u200bpowerful message to \u2064lawmakers, highlighting the need for justice and the importance of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/espn-forced-to-return-37-emmys-after-decades-long-scheme-gets-busted\/\" title=\"ESPN loses 37 Emmys in busted scheme\">upholding ethical values<\/a>. Their actions aim to uphold the core\u200d principles on which a just society is built.<\/p>\n<p>It is yet to be seen how these investors&#8217; decisions will play out in the long term. The repercussions of their withdrawal \u2062from New York \u2064may be significant, not only for the state&#8217;s \u2064economy but also for its reputation among investors. However, these prominent investors&#8217; stand shows the power of individuals to make a difference\u200b and\u200b highlights the importance of ethical considerations\u2064 in the \u2063business world. Ultimately, their actions aim \u2064to create \u200da more just \u2062and accountable society, sending a clear message to all that no one is above the law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Announced his decision to cease investing in the city. The verdict has sparked concerns among investors, leading to a significant shift in their business strategies, with many opting to withdraw from the New York real estate market<\/p>\n","protected":false},"author":2670,"featured_media":2183001,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP24051788980911-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2183000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP24051788980911-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2183000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2670"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2183000"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2183000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2183001"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2183000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2183000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2183000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}