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In 1970, more than two-thirds of American adults between 25 and 49 lived with a spouse and at least one kid. For a society structured around the ideal of the nuclear family, its demise has left everyone wondering: What happens now? Without one partner focused on full-time housekeeping, the amount of work required to run a nuclear family isn't really feasible. It doesn't take much of a mental leap to see why capitalism and the nuclear family make for such cozy bedfellows. Coontz, a leading historian of the American family, notes that every family structure comes with its own set of distinct weaknesses, strengths, and possibilities.
Persons: Elon Musk, Vivek Ramaswamy, O'Brien, David Brooks, Moira Weigel, Brooks, Charles E, " O'Brien, Stephanie Coontz, Kristen Ghodsee, Ghodsee, coparenting, Mark Boster, Coontz, Organizations: Pew Research, Elon, Labor, Getty, University of Pennsylvania, Brookings Institution, Pew, Los Angeles Times, Guardian Locations: The, California, Somerville , Massachusetts
The Charles Eddie, a crude oil tanker owned by Euronav SA, a Belgian shipping company, sails northbound on the Suez Canal in Ismailia, Egypt. Crude oil futures held steady on Tuesday as the wars in Eastern Europe and the Middle East disrupt supplies. Ukraine has escalated its drone strikes against Russian oil refineries, knocking an estimated 900,000 barrels per day of capacity offline, according to Goldman Sachs. The disruptions' impact on crude prices will likely be mixed, with a decline in refinery demand bearish while a potential reduction in Russian oil exports bullish, Goldman noted. The Red Sea disruptions combined with Russian shipping frictions has given crude prices up to a $4 boost per barrel due to larger than expected draws from commercial stocks, according to Goldman.
Persons: Charles Eddie, Brent, Goldman Sachs, Goldman Organizations: Euronav SA, The West Texas Intermediate Locations: Belgian, Suez, Ismailia, Egypt, The, Eastern Europe, Ukraine
In May 2023, Senator Charles E. Grassley, a chief antagonist of President Biden, strode to the Senate floor with some shocking news: He had learned, he said, of a document in the F.B.I.’s possession that could reveal “a criminal scheme involving then-Vice President Biden.”Mr. Grassley, an Iowa Republican, suggested to any Americans listening that there was a single document that could confirm the most sensational corruption allegations against Mr. Biden — and that the Federal Bureau of Investigation was engaging in a coverup. “Did they sweep it under the rug to protect the candidate Biden?” he asked conspiratorially. Over the next few months, Mr. Grassley’s quest to make public the allegation — laid out in an obscure document known as an F.B.I. Form 1023 — became a fixation, and a foundation of the growing Republican push to impeach Mr. Biden as payback for Democrats’ treatment of former President Donald J. Trump. At the center of it all was the unsubstantiated accusation that Mr. Biden had taken a $5 million bribe from the executive of a Ukrainian energy company, Burisma.
Persons: Charles E, Grassley, Biden, strode, , ” Mr, Mr, Biden —, , conspiratorially, , Donald J Organizations: Iowa Republican, Federal Bureau of Investigation, Trump Locations: Iowa, , Ukrainian
The special counsel investigating Hunter Biden has charged a former F.B.I. informant with fabricating claims that President Biden and his son sought two $5 million bribes from a Ukrainian energy company, according to an indictment in a California federal court. The former informant, Alexander Smirnov, 43, was accused of falsely telling the F.B.I. The story Mr. Smirnov told investigators was part of a series of explosive and unsubstantiated claims by Republicans that the Bidens engaged in potentially criminal activity — allegations central to the party’s efforts to impeach the president. record that included the false allegation without naming Mr. Smirnov, or questioning its veracity.
Persons: Hunter Biden, Biden, Alexander Smirnov, Smirnov, Charles E, Grassley Organizations: Republican Locations: Ukrainian, California, Iowa
SpaceX has filed to relocate its business incorporation from Delaware to Texas. The move follows a Delaware judge's decision to void CEO Elon Musk a $55 billion Tesla pay package. AdvertisementSpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported. SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge's decision to void his $55 billion Tesla pay package. "The public vote is unequivocally in favor of Texas," Musk wrote on February 1.
Persons: Elon Musk, , Musk, B7FLByL2dY — Elon, Tesla, Charles Elson Organizations: SpaceX, Service, Texas, State, Bloomberg, Diamond State, Business, Weinberg, Corporate, University of Delaware, Wall Street Locations: Delaware, Texas, Neuralink, Nevada, it's, Brownsville, Austin, Silicon Valley
It remains to be seen what Tesla will do about Elon Musk's pay just a few weeks after a Delaware judge voided his $56 billion compensation package, the largest CEO pay package in public corporate history. But Musk has already made some big decisions, including a declaration of a war on the state of Delaware. "Never incorporate your company in the state of Delaware" Musk posted on X shortly after the decision. "Put simply, neither the Compensation Committee nor the Board acted in the best interests of the Company when negotiating Musk's compensation plan. But even as those figures have risen, Musk's compensation would be an "outlier among outliers," said Matteo Tonello, managing director at The Conference Board.
Persons: Elon Musk, Tesla, Elon Musk's, Musk, Chancellor Kathaleen McCormick, McCormick, Charles Elson, Todd Maron, Elson, Matteo Tonello Organizations: Elon, Twitter, Fortune, Weinberg, Corporate, Tesla, Company, The Conference Board Locations: Krakow, Poland, Delaware, Texas, Nevada
London CNN —King Charles III has made his first public outing since his cancer diagnosis, attending church alongside Queen Camilla. On Monday, Buckingham Palace announced Charles, 75, had been diagnosed with an undisclosed form of cancer and will step back from public-facing duties while he undergoes treatment. Prince William, Charles’ son and the heir to the throne, and Queen Camilla are expected to take on more public engagements to account for Charles’ absence. Meanwhile, his son Prince Harry made a brief visit to the UK earlier this week after Charles’ diagnosis. In his first public comments since his diagnosis, Charles expressed gratitude to the public for their support, saying it brought him “the greatest comfort and encouragement,” according to a statement on Saturday.
Persons: London CNN — King Charles III, Queen Camilla, St Mary Magdalene’s, Charles, Prince William, Charles ’, Prince Harry, Harry Organizations: London CNN, St, CNN, NFL Locations: Sandringham, England, London, Las Vegas
The report comes as access to sensitive taxpayer information has sparked calls for investigations — and calls for reform on taxes for the wealthy. Littlejohn had applied to work as a contractor to get Trump’s tax returns and carefully figured out how to search and extract tax data to avoid triggering suspicions internally, prosecutors said in court documents. Werfel said that since the agency has received funding through Democrats' Inflation Reduction Act, it has been able to markedly improve the security of sensitive information, including audit trail deficiencies. “Our data security and environment is dramatically better today than it was in 2017 to 2020 when this unauthorized access occurred," Werfel said. "And it’s dramatically better today because we now have the resources to make the right investments to strengthen our data security.
Persons: Daniel Werfel —, , , , TIGTA, Charles Edward Littlejohn of, Donald Trump, Littlejohn, Jason Smith, Werfel, Lindsay Whitehurst Organizations: WASHINGTON, IRS, Treasury, Associated Press, Charles Edward Littlejohn of Washington, Charles Edward Littlejohn of Washington , D.C, New York Times, Associated Locations: Charles Edward Littlejohn of Washington ,
Dion's eldest son, René-Charles Angélil, is 23 and attended the 2024 Grammys with her. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRené-Charles Angélil, 23, is the eldest childCéline Dion, Taylor Swift, and René-Charles Angelil at the 66th Grammy Awards. AdvertisementDion's fraternal twins, Nelson and Eddy, are 13 years oldDion gave birth to Nelson and Eddy via C-section in Florida on October 23, 2010. Dion gave Oprah Winfrey an inside look at her home life with her newborn twins a few months later.
Persons: Céline Dion, René, Dion's, Charles Angélil, Nelson, Eddy, , Dion, René Angélil, Taylor Swift, Charles Angelil, Kevin Mazur, Charles, James Corden's, Instagram, Big Tip, Swift, Nelson Mandela, Eddy Marnay, Oprah Winfrey Organizations: Service, The Recording Academy, Montreal Gazette, South, Daily Mail Locations: Florida, René, French
Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. Critics have argued for years that CEO pay packages are exorbitant. Under Musk’s pay plan, he received a chunk of stock options each time Tesla’s market value rose by $50 billion. General Motors, for example, considers executive salaries at 3M, Boeing, Ford, IBM and other huge companies, and uses complex formulas to determine CEO compensation. Corporate law experts say any new compensation package for Musk will likely be challenged in court unless Tesla's board either resigns en masse or follows a meticulous process to protect shareholders by passing a substantially smaller package.
Persons: Tesla, Kathaleen St, Jude McCormick, Musk, Bernard Arnault, Critics, Blackstone’s Steven Schwarzman, , , ’ ” McCormick, Musk’s, shouldn’t, Mary Barra, Jim, Mark Zuckerberg, Tim Cook, they’re, , Charles Elson, ” Elson, Elson Organizations: Elon, Musk, Forbes, General Motors, 3M, Boeing, Ford, IBM, Big Tech, University of Delaware, Lawyers Locations: Delaware, , Barra, U.S
Read previewAnother family is claiming their son's organs went inexplicably missing after being incarcerated by the Alabama Department of Corrections (ADOC), court documents viewed by Business Insider show. Dotson's family has yet to find out what happened to their son's heart as the case remains open. Lauren Faraino, an attorney representing Dotson's family, did not immediately return a request for comment sent outside of working hours. Correction: January 10, 2024 — An earlier version of this story misidentified the facility that performed Brandon Clay Dotson's autopsy. It was done by the Alabama Department of Forensic Sciences, not the University of Alabama at Birmingham.
Persons: , Brandon Clay Dotson, Dotson, Dotson's, Charlene Drake, Charles Edward Singleton, Hamilton, David Smith, Charles had, Smith, ADOC, Drake, Singleton, Charles, Lauren Faraino, Faraino, Brandon Clay Organizations: Service, Alabama Department of Corrections, Business, Alabama, Hamilton, Infirmed Center, University of Alabama, Birmingham, UAB, ABC, Associated Press, Alabama Department of Forensic Sciences Locations: Ventress, Birmingham, Dotson's
Periods of high inflation would offset those when inflation was low as occurred between the financial crisis and the pandemic. Those concerns may not matter anymore if the pandemic has driven inflation and interest rates chronically higher. Speaking at a Boston Fed labor market conference in November, Kohn said the new framework showed the risks of not keeping inflation at bay to begin with. "Probing" for maximum employment "can't ignore...inflation risks," Kohn said, calling for a return to a strategy disavowed in the last review. "I think preemptive tightening is best-practice central banking, and I hope they return to allowing that."
Persons: Joshua Roberts, Jerome Powell, There's, Miesha Williams, Powell, Charles Evans, Evans, Fed, Loretta Mester, Austan Goolsbee, Goolsbee, Donald Kohn, Kohn, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve, REUTERS, Rights, U.S, Federal, Spelman College, Reuters, Chicago Fed, Chicago, Cleveland Fed, Boston Fed, Thomson Locations: Washington , U.S, Atlanta
The number of billionaires rose by 7% to 2,544 people globally, UBS said in its 2023 Billionaires Ambitions Report, with their total worth rising by 9% to an estimated $12 trillion. For the first time since the study started in 2015, billionaires accumulated more wealth via inheritance than through their own business activities. Among the 137 new billionaires, a total of $150.8 billion was inherited by 53 heirs over the last year, exceeding the 84 new self-made billionaires' total of $140.7 billion, the bank said. The study highlighted a trend away from self-made billionaires, created by the tech industry boom and symbolised by the rise of Tesla boss Elon Musk and Amazon founder Jeff Bezos. Still, despite the large inherited wealth, this did not necessarily mean a new generation of super-rich 20 somethings.
Persons: Denis Balibouse, Benjamin Cavalli, Cavalli, Elon Musk, Jeff Bezos, Michael Viana, King Charles, John Revill, David Evans Organizations: UBS, Credit Suisse, REUTERS, Rights, UBS Global Wealth Management, Amazon, Thomson Locations: Swiss, Zurich, Switzerland, flotations
LONDON (AP) — At an age when many of his contemporaries have long since retired, King Charles III is not one to put his feet up. The king will mark his 75th birthday on Tuesday by busily highlighting causes close to his heart. With Queen Camilla at his side, Charles will visit a project that helps feed those in need by redistributing food that might otherwise go to landfills. As Prince of Wales, the future king founded a charity that helps young people get jobs and training. Although Diana’s fans initially bridled at the idea of Camilla ever becoming queen, by the time the invitations for the coronation went out Charles had made his wishes clear: “The Coronation of Their Majesties King Charles III and Queen Camilla.’’
Persons: King Charles III, Queen Camilla, Charles, Health Service’s, Queen Elizabeth II, He’s, , , Ed Owens, , Elizabeth, ’ ’ Owens, ” Charles ’, Prince of Wales, Prince William, William, Prince Harry, Meghan, Harry, ” Owens, “ They’ve, weathers, Charles ’, Princess Diana, Camilla Parker, Bowles, Camilla Organizations: Health, Kenyans, Hill House School, University of Cambridge, Royal Navy Locations: British, London, California
Opinion: Marjorie Taylor Greene botches the explanation
  + stars: | 2023-11-12 | by ( Richard Galant | ) edition.cnn.com   time to read: +18 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —On the day after Republicans lost pivotal races in Kentucky, Ohio and Virginia last week, Rep. Marjorie Taylor Greene offered a diagnosis for her party’s ills. On Tuesday, Ohio voters passed an amendment to the state constitution that guarantees abortion rights. The disconnect may or may not cost Trump votes in 2024, but it’s hurting Republicans up and down the ballot. “Democrats will win in 2024 by making the election a choice, not just a referendum on Biden’s performance in office.
Persons: Marjorie Taylor Greene, CNN’s Manu Raju, Donald Trump, Roe, Wade, Trump, , Kate Bedingfield, Joe Biden’s, Youngkin, ” Bill Bramhall, Bedingfield, They’ll, Julian Zelizer, Biden, ” Clay Jones, ” Clay Jones Republican Lanhee Chen, — don’t, Chen, , ” Mary Ziegler, Davis, Republicans don’t, Comstock, Nikki Haley, Ana Marie Cox, Ron DeSantis, Vivek Ramaswamy, Dick Cheney, ’ Haley, Haley, Ramaswamy, , Haley “, ” Patrick T, Brown, ” Roxanne Jones, DeSantis, Todd Graham, Bill Bramhall, Mary Ellen O’Connell, ” “, ” John Spencer, he’s, Al Qaeda, Peter Bergen, Israel, Hani Almadhoun, Suzanne Nossel, Frida Ghitis, Walt Handlesman, Ivanka Trump, Elliot Williams, Letitia James, Williams, ” Williams, Nick Anderson, Ian Berry, Bob Dylan, Anna Lee, I’d, William, I’ll, Bethany McLean, Joe Nocera, Dr, Kent Sepkowitz, ” Sepkowitz, ” Don’t, Corey Mintz, DoorDash, Paul Rieckhoff, Jill Filipovic, Shannon Watts, Jade McGlynn, Keith Magee, King Charles, Sara Stewart, Priscilla ’, Barbra Streisand, CHANEL, Presley Ann, Patrick McMullan, Holly Thomas, James Brolin, Barbra’s, Thomas Organizations: CNN, Republicans, Trump, , White House, State Senate, Biden, ” Clay Jones Republican, University of California, Department of Justice, Florida Gov, Republican, Senate, Content Agency Israel, Hamas, University of Notre Dame, Modern War, Twitter, Facebook, ISIS, Content Agency Trump, New York, Trump Organization, “ Trump, , Tribune, Agency, College of, Getty, BBC Locations: Kentucky , Ohio, Virginia, Georgia, , Mexico, Ohio, State, Michigan, Pennsylvania, Arizona, Kentucky, Mississippi, Florida, Miami, Hialeah , Florida, Trump, Israel, Gaza, Hamas, West, Mosul, Raqqa, Manhattan, New York City, Ukraine, Malibu , California, Greenwich Village
In his role as head of state, King Charles is his government’s servant and representative. Backed by his undoubted convening power, King Charles could make a historic contribution to the debate about reparatory justice. Crucially, King Charles is not just the British head of state and the head of the Commonwealth. Every day that passes without a similar statement from King Charles is a day too many. He could take inspiration from CARICOM — the Caribbean Economic Community — and its 10-Point Action Plan for Reparatory Justice.
Persons: Keith Magee, King Charles III, Keith Magee Arron, Charles, , , Prince Charles, swerved, Bell Ribeiro, Addy, ” Ribeiro, Rishi Sunak, Sunak, King Charles, , Willem, Alexander Organizations: University College London Institute for Innovation, CNN, Commonwealth, Labour, Commons, Parliamentary, Conservative, North, Twitter, , Economic, Reparatory Locations: Kenya, Commonwealth, British, Barbados, Rwanda, Africa
I'm fucking done," she told a reporter at Time, who described Wolfe Herd as "blinking back tears" during the interview. "My hands are tied," Wolfe Herd told the audience, according to several people who were in the room. Wolfe Herd once called him her biggest mentor, saying, "He's become my family and one of my best friends." Some early employees said they only found out about the shadow-equity program, and who received it, years later. Based on the current share price, Wolfe Herd is no longer a billionaire, though her fortune still sits at an estimated $627 million.
Persons: Whitney Wolfe Herd, Andrey Andreev, Wolfe Herd, Bumble, Whitney Wolfe, Wolfe, Bumble wasn't, Charley Gallay, I've, Robbie McKay, McKay, Jerod Harris, Sarah Mick, Bumble's, That's, Mick, Justin Mateen, Tinder, Antoine Antoniol, Andreev, What's, He's, , Jody Thelander, Alexandra Williamson, Samantha Fulgham, Chelsea Maclin, Caroline Ellis Roche, Michael Herd, they'd, Taylor, they're, Vivien Killilea, didn't, Charles Elson, Elson, Blackstone, Forbes, Ben Bergman Organizations: Worldwide Vision, Nasdaq, Carlton, Getty, Fortune, Andreev's, TechCrunch, Southwest, telltale, Founders, Chelsea, Austin, Ritz, Mailchimp, Intuit, University of Delaware, Twitter Locations: Russian, Austin, Los Angeles , California, Bumble, Northern California, Deer Valley , Utah, Punta Mita , Mexico, Tinder, London, Bermuda, WVL, San Francisco, Texas, Positano, Italy, Bay, Atlanta, MagicLab, Badoo, bbergman@insider.com
In response, they adopted a tragic sensibility. You can try to avoid thinking about the dark realities of life and naïvely wish that bad things won’t happen. Or you can confront these realities and develop a tragic mentality to help you thrive among them. This tragic sensibility prepares you for the rigors of life in concrete ways. Third, this tragic mentality encourages caution.
Persons: Ralph Waldo Emerson, Hal Brands, Charles Edel, Thucydides, Matt Gaetz Organizations: Hamas, Republicans
Nairobi, Kenya CNN —When King Charles III touched down for his four-day state visit in Kenya, it seemed inevitable the new monarch would have to grapple with Britain’s legacy of colonialism. But it was also that same year that Mau Mau freedom fighters – originating from the country’s largest ethnic Kikuyu tribe – rebelled against British colonialists. Mau Mau rebels held in a prison camp in Kenya in 1952. The King, accompanied by President William Ruto, receives a guided tour of a new museum dedicated to Kenya's history on Tuesday. The wounds and trauma inflicted during that dark period are still prevalent today, according to Evelyn Wanjugu Kimathi, the daughter of one of the leaders of the Mau Mau uprising, Dedan Kimathi.
Persons: King Charles III, Prince William, Charles, William Ruto, , ” King Charles, Queen Camilla, Rachel Ruto, Chris Jackson, ” Charles, It’s, Prince of, Kate Middleton, , Mau Mau, contrition, Ruto, Ian Vogler, ” Ruto, Evelyn Wanjugu Kimathi, Dedan, Kimathi, , we’ll, Victoria Jones, King Charles, Buckingham Organizations: CNN’s Royal, Kenya CNN, Caribbean, Kenyan, Kenyans ”, Getty, British, Kenyan Human Rights, Hulton, Uhuru, CNN, Commonwealth Locations: Nairobi, Kenya, Buckingham, Britain, Commonwealth, Prince of Wales, Mau, Stroud, , British
President Biden and Prime Minister Anthony Albanese of Australia expressed their shared condemnation of the Hamas attack this month on Israeli civilians and soldiers, saying during a state visit on Wednesday that they would stand with Israel. In recent months, the Australians have accelerated efforts to supply missiles for the United States and expand joint military cooperation and training between the two countries. At one point, Mr. Albanese invoked the words of Mr. Biden’s late son, Beau, to emphasize the strength of their partnership: “When there’s an Australian with you, they’ll always have your back.” Mr. Biden bowed his head. The Biden administration is relying on Congress to pass legislation that would allow for the shipment of nuclear-powered submarines to Australia, as part of an agreement called AUKUS among the United States, Britain and Australia. U.S. officials said before the visit that Mr. Biden would tell the prime minister that the United States would fulfill that promise.
Persons: Biden, Anthony Albanese, Mr, Albanese, , , Richard Marles, . Albanese, Biden’s, Beau, there’s, they’ll, ” Mr, Israel “, Mira Rapp, Hooper, Charles Edel, Edel Organizations: White, China, Biden administration’s, East, Biden, Center for Strategic, International Studies Locations: Israel, United States, Australia, Ukraine, Britain, East Asia, Oceania, China, Papua New Guinea
The collaboration, which also involves the United Kingdom, is known as AUKUS, an acronym for the three countries' names. “State visits are a big deal," said Charles Edel, a senior adviser and Australia chair at the Center for Strategic and International Studies in Washington. The day's events end with a state dinner in a pavilion erected on the South Lawn of the White House. White House press secretary Karine Jean-Pierre said there's “no more important time than now” to hold the state visit to demonstrate the strength of the U.S. relationship with Australia. Biden wants $3.4 billion to expand naval production facilities to help provide Australia with the nuclear-powered submarines.
Persons: Joe Biden, Anthony Albanese, Biden, Albanese, they're, Charles Edel, “ They’re, ” Biden, they've, Jill Biden, Karine Jean, Pierre, there's, Bidens, Jodie Haydon, Xi Jinping, , ” Albanese, Xi, Antony Blinken, Jake Sullivan, , , John Lee, Sullivan, Lee Organizations: WASHINGTON, Australian, Hamas, Microsoft, Center for Strategic, International Studies, Office, White, Israel, Australia, House Republicans, Arlington National Cemetery, Australians, Economic Cooperation, APEC, U.S, Capitol, Hudson Institute Locations: U.S, Pacific, Israel, East, Europe, Ukraine, The U.S, Australia, United Kingdom, Washington, Gaza, White, France, South Korea, India, Japan, Papa New Guinea, Arlington, China, San Francisco, Beijing, Asia, Sydney
New York City Mayor Eric Adams told reporters Thursday that police would do extra patrols in some city neighborhoods and send additional resources to schools and houses of worship. Kathy Hochul stressed that law enforcement wasn't aware of any credible threats against the state or the city. The Secure Community Network, which advises U.S. Jewish institutions on security, has encouraged Jewish communities to be vigilant and bolster their security efforts. Michael Masters, the group’s CEO, warned against letting “fear or clickbait threats cause chaos” in Jewish communities because he said that is part of the objective of those spreading hateful rhetoric online. ____ Associated Press reporters Jake Offenhartz, Deepti Hajela and Karen Matthews in New York City contributed.
Persons: Christopher Wray, Ashley Reyes, , ’ ” Reyes, Rania Mustafa, Mustafa, “ It’s, else’s, Eric Adams, Adams, Kathy Hochul, ” Hochul, , New York City councilmember, Inna Vernikov, Vernikov, Charles E, Smith, Michael Masters, , Jake Offenhartz, Deepti Hajela, Karen Matthews Organizations: BOSTON, — Police, U.S . Capitol, Hamas, Palestinian American Community Center, New, New York City, New York Gov, Republican, Columbia University, Palestinian, Capitol, Charter School, Smith Jewish Day School, Police, Secure Community Network, Associated Locations: New York, Los Angeles, Israel, U.S, Montclair , New Jersey, Clifton , New Jersey, New York City, Gaza, Manhattan, Washington, Rockville , Maryland, Westchester County , New York, Boston
The Justice Department charged Charles Edward Littlejohn, 38, of Washington, D.C., with stealing tax return information and giving it to two news outlets between 2018 and 2020. U.S. District Judge Ana Reyes said she was deeply troubled by his actions that affected Trump and thousands of other people. Littlejohn pleaded guilty to one count of unauthorized disclosure of tax returns and return information. The 2020 New York Times report found Trump paid $750 in federal income tax the year he entered the White House and no income tax at all some years thanks to colossal losses. The stories sparked calls for reform on taxes for the wealthy — and calls for investigations into the leaking of tax information, which has specific legal protections.
Persons: , Donald Trump, Charles Edward Littlejohn, Ana Reyes, , , Littlejohn, Trump, Alina Habba, Jan, General Merrick Garland, Littlejohn “, Lisa Manning, ProPublica Organizations: WASHINGTON, Internal Revenue Service, The Justice Department, Washington , D.C, U.S, District, Trump, The New York Times, New York Times, White, IRS Locations: Washington ,
The company's dividend hike of 3.4% last year marked the 40th consecutive year of annual dividend growth. Mizuho analyst Nitin Kumar reiterated a buy rating on Exxon with a price target of $139 after attending the company's Product Solutions Spotlight event. Calling CTRA his top pick, Kumar reiterated a buy rating on the stock with a price target of $42. (See BIP Stock Chart on TipRanks)American Electric PowerAnother RBC Capital analyst, Shelby Tucker, is bullish on utility stock American Electric Power (AEP). Recently, Tucker lowered the price target for AEP to $90 from $103 to reflect a high interest environment but reiterated a buy rating.
Persons: Sergio Moraes, Wall, Mizuho, Nitin Kumar, Kumar, TipRanks, Marcellus Shale, Robert Kwan, Kwan, Shelby Tucker, Charles E, Tucker Organizations: AEP BIP, Exxon Mobil Corp, Oil, Gas Expo, Exxon Mobil First, Exxon Mobil, Exxon, Coterra Energy, CTRA, Brookfield Infrastructure Partners, Brookfield Infrastructure, RBC Capital, Power, American Electric Power, AEP, 453rd, Darden Locations: Rio de Janeiro, Brazil, Baytown, Singapore, Anadarko, TipRanks, Brookfield
CNN —Federal prosecutors announced charges Friday against a contractor with the Internal Revenue Service who allegedly stole the tax returns of a high-ranking government official. During his contract, Littlejohn allegedly stole “tax returns and return information associated with Public Official A” and disclosed that information to a news organization. Though the official is not named in court documents, a source familiar with the investigation told CNN the tax returns in question were Trump’s. “Both news organizations published numerous articles describing the tax information they obtained from the Defendant,” court documents said. Littlejohn is charged with one count of unauthorized disclosure of tax returns and return information and faces up to five years in prison if convicted.
Persons: Donald Trump, Charles Edward Littlejohn, Littlejohn, ” Littlejohn, ProPublica, doesn’t, , Trump Organizations: CNN, Federal, Internal Revenue Service, Defendant, The New York Times, ” CNN, New York Times
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