Charles V. Payne (born 15 November 1962) is an American Fox Business Network financial journalist[1] and host of Fox's Making Money with Charles Payne.
Early life and education
At 17 years old, he enlisted in the United States Air Force, serving as a security policeman stationed at Minot Air Force Base in Minot, North Dakota.[2][3] Payne attended Minot State University and Central Texas College while in the service.
Career
Finance industry
Payne began his career on Wall Street as an analyst at E. F. Hutton in 1985.[4] Payne is the chief executive officer and principal financial analyst of Wall Street Strategies,[5] a stock market research firm he founded in 1991.[6]
In 1999, Payne settled with the SEC over a complaint alleging that on at least eight occasions, Wall Street Strategies recommended that its clients purchase members' stock through recorded messages on its telephonic stock recommendation service. The complaint also alleged that Payne failed to disclose that he received payments from members to promote members' stock. Without admitting or denying the alleged violations, Payne consented to the entry of a permanent injunction against violations of Section 17(b) of the Securities Act of 1933. In addition, Payne agreed to pay a civil penalty of $25,000.[7]
In 2007, Payne released his first book titled Be Smart, Act Fast, Get Rich: Your Game Plan for Getting It Right in the Stock Market.[8] He has made several appearances on C-SPAN.
Fox Business
In 2007, Payne joined Fox Business as a contributor.[9] In 2014, he became the host of Making Money with Charles Payne.[9]
In June 2019, Payne claimed, "When President Obama was elected, the market crashed … Trump was up 9%, President Obama was down 14.8% and President Bush was down almost 4%. There is an instant reaction on Wall Street."[10] PolitiFact described the claim as "mostly false", noting that while the numbers put forth are completely correct some experts dismiss the causal claims put forth by Payne, and instead attribute the market crash to broader economic forces and long-term trends.[10]
In July 2017, Payne was suspended by Fox Business pending an investigation after a former network guest, Scottie Nell Hughes, accused him of rape.[11] Payne denied the charge, but acknowledged having had an extramarital three-year-long "romantic relationship" with Hughes before the accusation was made.[12] Hughes, who kept an apartment near Fox's Manhattan headquarters for the duration of the affair, claimed she believed it would help her obtain a permanent position at the network.[13] Her appearances were drastically reduced after she ended the affair in 2015 and reported Payne to Fox.[14] On 8 September 2017, Payne's suspension was lifted.[15]
Personal life
Payne is a resident of Teaneck, New Jersey.[16] He is married to Yvonne Payne.[17][18]
See also
- Black conservatism in the United States
External links
References
- Charles Payne: Cramer's Never Wrong, and That's the Problem! Fox Business, 2016-03-04, retrieved 2022-03-04^
- Charles Payne Speech: Marist College Marist College, retrieved 2014-08-08^
- Charles Payne. Charles Payne presenting at NYSCIO conference, July 2011, Marist College YouTube, Marist College, 2011-07-19, retrieved 2022-03-04^
- Charles Payne – Personality Bio Fox Business, retrieved 2011-08-31^
- Corporate Information Wall Street Strategies, retrieved 2022-03-04^
- Jeff Neal. Interview Central: Charles Payne, Part I Forbes, 2008-11-21^
- Litigation Release No. 16248 / August 11, 1999 U.S. Securities and Exchange Commission, 1999-08-11, retrieved 2014-08-08^
- Charles V. Payne. Be Smart, Act Fast, Get Rich: Your Game Plan for Getting It Right in the Stock Market John Wiley & Sons, May 2007^
- Joe Concha. Fox Business re-signs Charles Payne to multi-year contract The Hill, 2017-06-07, retrieved 2019-07-02^
- Bill McCarthy. Fox Business host wrongly claimed market crashed as 'instant reaction' to Obama's 2008 election PolitiFact, 2019-06-25, retrieved 2019-07-02^
- Emily Steel. Woman Says Fox News Banned Her After She Accused Charles Payne of Rape The New York Times, 2017-09-19, retrieved 2019-03-09^
- https://www.nytimes.com/2017/07/06/business/media/fox-business-network-suspends-charles-payne.html^
- Yashar Ali. Conservative Analyst Scottie Nell Hughes Accuses Fox Business Host of Sexual Harassment HuffPost, 2017-07-06, retrieved 2017-07-07^
- Stephen Battaglio. Fox suspends business news host Charles Payne amid sexual harassment allegations Los Angeles Times, 2017-07-06, retrieved 2017-07-07^
- Brian Steinberg. Charles Payne Will Return to Fox Business Following Sexual Harassment Investigation Variety, 2017-09-08, retrieved 2017-09-08^
- Suzanne Curry. Teaneck's Charles Payne Now Host of Making Money With Charles Payne on Fox Business Network Suzee's Behind the Scenezz, 2014-06-06, retrieved 2014-08-08^
- Linda Moss, Barbara Williams. Teaneck heart recipient walks to raise awareness of organ donorship North Jersey Media Group, 2014-06-08, retrieved 2014-12-20^
- Linda Moss, Barbara Williams. Heart recipient making great strides: Teaneck woman is raising money, awareness with inspirational story The Record, North Jersey Media Group, 2014-06-09, retrieved 2022-03-04^