Lutnick Sons See Record Year as Cantor Denies Trump Conflicts

Cantor Fitzgerald, a New York financial boutique, is controlled by Brandon and Kyle Lutnick, the sons of Howard Lutnick, who joined President Donald Trump’s administration as Commerce Secretary earlier this year. The firm is on track to post revenue in 2025 of upwards of $2.5 billion, an all-time high. Much of Cantor’s revenue haul comes from a surge in crypto dealmaking, as well as the firm’s early push into covering now-booming sectors including rare-earth minerals, quantum computing, robotics and data centers. However, many executives in the building bristle at suggestions that their new connections in Washington are contributing to their success. Bloomberg's Todd Gillespie joined Norah Mulinda and Scarlet Fu on 'Bloomberg Businessweek Daily' to break it down. (Source: Bloomberg)