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☆ Raisi helicopter crash: Some in Iran claim US sanctions to blame but the truth may be more complicated
▼ + stars: | 2024-05-21 | by ( Nic Robertson | ) edition.cnn.com time to read: +5 min

CNN —Even before Iran’s army chief Mohammad Bagheri ordered an investigation into the helicopter crash that cost the Islamic Republic the lives of two of its top politicians, blame was being laid at America’s door. People mourn the death of President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian in a helicopter crash the previous day, at Valiasr Square, on May 20, 2024 in Tehran, Iran. The next question might be, knowing the weather was bad and having three helicopters on the journey, why put both president and foreign minister in the same aircraft? Former Foreign Minister Zarif would want the world to believe Iran’s technological core has been hollowed out by US sanctions, but that allegation too is tainted by hubris. Iran’s presidents are not idle, they need to go places.

Persons: Mohammad Bagheri, Ebrahim Raisi, Javad Zarif acidly, Abdulkadir Uraloglu, Raisi –, Hossein Amir, Abdollahian, Malek Rahmati, Mohammed Ali Alehashem –, Ilham Aliyav, Majid Saeedi, Yemen’s Houthis, AKINCI, Ali Khamenei, –, Russia –, Zarif, Raisi Organizations: CNN, Islamic, Bell, Turkish Transport, Revolutionary Guard Corps, Former Locations: Islamic Republic, America’s, United States, Iran, Vietnam, Azerbaijan, Tabriz, Tehran, Turkish, Russia, Ukraine, Turkey

☆ PGA Championship: How players reacted to fatal accident, Scottie Scheffler’s arrest
▼ + stars: | 2024-05-17 | by ( Jim Trotter | ) www.nytimes.com time to read: +6 min

Advertisement“I pulled up the local news station trying to figure out what was going on, and the first thing I saw was Scottie (Scheffler) had been put in handcuffs,” he said. Sitting in bumper-to-bumper traffic, the Dallas native said he received word that Scheffler’s arrest caused the stoppage. Play eventually was delayed one hour and 20 minutes, to 8:35 a.m.Brian Harman, right, shakes Scottie Scheffler’s hand during their round Friday. “I was a bit shook about what happened on both the scenarios,” Min Woo Lee said of Scheffler’s arrest and Mills’ death. Fans may have focused on Scheffler, but many of the players were equally concerned about Mills and his family.

Persons: — Austin Eckroat, ”, “, Scheffler, John Mills, Bryan Gillis, Gillis, ” Harris, Scottie, …, you’ve, Will Zalatoris, Zalatoris, Eckroat, Cameron Young, They’re, ” Zalatoris, Brian Harman, Scottie Scheffler’s, Michael Reaves, Collin Morikawa, Min Woo Lee, Mills, Lee, ” Morikawa, ” Said Mark Hubbard, I’m, That’s, ” Hubbard Organizations: Valhalla Golf, PGA, Rover, Dallas, America, ESPN, Louisville Locations: LOUISVILLE, Ky, Valhalla

☆ BofA banker whose death shook Wall Street was looking for new job and willing to take a lower salary for better hours, recruiter says: report
▼ + stars: | 2024-05-16 | by ( Kelsey Vlamis | Reed Alexander | ) www.businessinsider.com time to read: +3 min

Related storiesA new report from Reuters released Wednesday raised more questions about the hours Lukenas may have been logging leading up to his untimely death. Walters said Lukenas told him he was putting in more than 100 hours a week at Bank of America. "He made a comment saying like, 'Hey, I'll trade hours of sleep for a 10% (pay) cut,'" Walters told Reuters. Walters said he told Lukenas that was excessive, even by Wall Street's standards. Prior to Lukenas' death, he had been participating on deal work related to UMB's $2 billion all-stock acquisition of Heartland Financial USA — a transaction that was announced in late April.

Persons: —, Wall, Leo Lukenas III, Lukenas, Douglas Walters, Walters, GrayFox Organizations: Service, of America, Army, Bank of America, Business, Reuters, New, Office, GrayFox, BI, Heartland Financial, Vets Locations: New York

☆ How Google CEO Sundar Pichai shook up his leadership team for the AI era
▼ + stars: | 2024-05-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +11 min

It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.

Persons: —, Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium

☆ Robert Menendez’s Corruption Trial Opens: 5 Takeaways
▼ + stars: | 2024-05-15 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

The corruption trial of Senator Robert Menendez, a powerful New Jersey Democrat, spun into motion in Manhattan on Wednesday, with combative opening statements and an extraordinary claim by the defense. Speaking directly to the jury, a U.S. prosecutor asserted that Mr. Menendez “put his power up for sale,” trading favors involving Egypt and New Jersey businessmen for gold bars, cash and a Mercedes-Benz convertible. But it was a lawyer for Mr. Menendez who shook the courtroom awake, piling blame on the senator’s wife, Nadine Menendez. Mr. Menendez, 70, betrayed little emotion as he watched the opening statements from the courtroom, where he is facing some of the gravest charges ever leveled against a sitting U.S. senator. Prosecutors have also charged Ms. Menendez, but her trial was delayed until July for health reasons.

Persons: Robert Menendez, Mr, Menendez “, Menendez, Nadine Menendez, Fred Daibes, Wael Hana Organizations: New Jersey Democrat, Benz, Prosecutors Locations: New Jersey, Manhattan, U.S, Egypt

☆ A France in Shock Confronts the Violence in Its Midst
▼ + stars: | 2024-05-15 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

If France is a country of illusions — a beautiful and seductive land offering many of life’s greatest pleasures that sits atop and conceals a crime-ridden, drug-plagued world of violence — then the past week offered a rude awakening to this dual reality. The Olympic flame arrived on French soil last week in the ancient port city of Marseille as a joyous crowd thronged the beautiful harbor. The chatter was of peace ahead of the Games, which begin in July. But the flame also arrived in a city whose northern districts are the epicenter of the French drug trade, where 49 people were killed last year and 123 injured in drug-related shootings. This, just 85 miles from the capital, was a methodical execution in broad daylight on the main road from Paris to Normandy.

Persons: —, Mohamed Amra, Jérôme Durain, “, ” Organizations: Socialist Party Locations: France, Marseille, Paris, Normandy

☆ Why Biden Wanted to Debate Trump Early, and Why Trump Said Yes
▼ + stars: | 2024-05-15 | by ( Reid J. Epstein | Shane Goldmacher | ) www.nytimes.com time to read: +1 min

Tens of millions of dollars of advertising has not changed President Biden’s polling deficit. And Mr. Biden’s significant cash and infrastructure advantages have yet to pay political dividends. So on Wednesday, the one weekday Mr. Trump is not confined to a courtroom, the Biden campaign shook up the race, publicly offering to bring forward the first presidential debate by three months. Mr. Biden’s advisers have long believed that the dawning realization of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings. The early-debate gambit from Mr. Biden amounted to a public acknowledgment that he is trailing in his re-election bid, and a bet that an accelerated debate timeline will force voters to tune back into politics and confront the possibility of Mr. Trump returning to power.

Persons: Donald J, Trump, Biden, ”, “ Organizations: Biden, Trump, Mr

☆ How One Crack in the Line Opened a Path for the Russians
▼ + stars: | 2024-05-14 | by ( Marc Santora | Tyler Hicks | ) www.nytimes.com time to read: +1 min

Thunderous explosions shook the ground as the Ukrainian crew prepared to maneuver its American-made Bradley fighting vehicle out of camouflage and, once again, into the fire. The commander of the team, a sergeant with the call sign Lawyer, nervously scanned the sky. “If we are seen, the KABs will come,” he said, referring to the one-ton bombs Russia has been using to target Ukraine’s most valuable armor and defenses. The crew’s mission was to help contain the breach: protect outmanned and outgunned infantry soldiers, evacuate the wounded and use the Bradley’s powerful 25-millimeter cannon against as many Russians as possible. Mortars and rockets exploded all around, and the gunner was badly injured, said the commander, identified only by his call sign according to military protocol.

Persons: Bradley, ” Locations: Russia, Ocheretyne

☆ Prosecution seeks to land Trump hush money case as Cohen cross-examination looms
▼ + stars: | 2024-05-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“This case is going to turn in large part on the cross-examination of Mr. Cohen. Cohen said that Trump told him: “Women are going to hate me. “This was all about the campaign.” Cohen also testified that Trump said he would not be on the market for long, implying he could get another wife quickly. Throughout his testimony, Cohen said he always kept Trump up to speed with his activities. “Everything required Mr. Trump’s sign-off,” he said, noting the Daniels payment was no exception.

Persons: CNN — “, Michael Cohen, Donald Trump’s, Cohen, Trump, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Bernarda Villalona, “, Donald Trump, ”, “ Michael Cohen, David Schoen, ” Schoen, CNN’s Wolf, quagmire, Joe Biden, Judge Juan Merchan, Cohen –, –, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, mulls, “ What’s, Stormy Daniels, Susan Hoffinger, Hoffinger, Daniels, Daniels ’, —, ” Cohen, smirked, Trump’s, ’, ‘, reimbursements Cohen, Allen Weisselberg Organizations: CNN, Prosecutors, Republican, NYU Law, Trump, New, New York Times, Judge, Alabama, GOP, Ohio Republican, Trump Organization, White House Locations: New York, Siena, York, Ohio

☆ Putin axes defense minister, replaces him with an economist
▼ + stars: | 2024-05-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Putin replaced his longtime defense minister Sergei Shoigu with an economist Andrey Belousov. AdvertisementRussian leader Vladimir Putin is replacing his longtime defense minister Sergei Shoigu, 68, with an economist. On Sunday, Putin named former deputy prime minister and economic development minister Andrey Belousov, 65, as his new defense chief. Shoigu, who served as defense minister since 2012, now runs Russia's Security Council instead, taking over from Putin ally Nikolai Patrushev. Representatives for Russia's defense ministry didn't immediately respond to a request for comment from BI sent outside regular business hours.

Persons: Vladimir Putin, Putin, Sergei Shoigu, Andrey Belousov, Belousov, —, Dmitry Peskov, Shoigu, Nikolai Patrushev, Peskov, Timur Ivanov, Admiral Sir Tony Radakin, Wagner, Yevgeny Prigozhin, Prigozhin, Shoigu's, It's, didn't Organizations: Sunday, Service, TASS, Russian Ministry of Defense, Security, Putin, Industrial Commission, CNN, BI Locations: Shoigu, Russia, Ukraine

Cohen’s testimony ties together the prosecution’s allegations that Trump broke the law by falsifying business records to reimburse Cohen and conceal the hush money payment that Cohen said he made at Trump’s direction. Cohen described his conversations with Trump during the Daniels hush money negotiations, which prosecutors backed up using Cohen’s phone records to show when the two had spoken. Trump,” Cohen said. “Reimbursement of my money,” Cohen said. They joined Trump for the high-profile Cohen testimony, sitting in the gallery behind the former president at the defendant’s table.

Persons: CNN — Michael Cohen, Donald Trump, Stormy Daniels, Trump, Cohen, Daniels, Susan Hoffinger, Todd Blanche, perjurer, David Pecker, Keith Davidson, Karen McDougal, Pecker, Davidson, Dylan Howard, Hope Hicks, “, ” Cohen, ”, Hoffinger, ” Hoffinger, “ Mr, Michael Cohen's, Melania, CNN “, Trump’s, reimbursements Cohen, Allen Weisselberg, Weisselberg, “ David Dennison ”, Peggy Peterson ”, would’ve, ” –, McDougal, glanced, Hicks, Madeleine Westerhout, Cohen’s, wasn’t, Juan Merchan’s, Eric Trump, Susie Wiles, Sen, Rick Scott, J.D, Vance of Ohio, Tommy Tuberville, Nicole Malliotakis, Alina Habba Organizations: CNN, Trump, National Enquirer, Melania Trump, New York, Republican Locations: Yom Kippur, –, Trump, Cohen’s, Republic, Manhattan, Florida, Alabama, Staten, Iowa

President Vladimir V. Putin of Russia replaced his minister of defense on Sunday as he shook up his national security team for the first time since his invasion of Ukraine. Mr. Putin kept the minister, Sergei K. Shoigu, in his inner circle, tapping him to run the country’s security council. Andrei R. Belousov, an economist who served as first deputy prime minister in the last government and previously was the economic development minister, was nominated to become the new defense chief. It is unclear how much authority over the war effort Mr. Shoigu will retain. colleague of Mr. Putin who has headed the Russian security council for 16 years, would be moved to another position to be announced in the coming days.

Persons: Vladimir V, Putin, Sergei K, Andrei R, Shoigu, Nikolai P, Mr Locations: Russia, Ukraine

☆ My parents named me Denise, but I never liked it. After my mom died and my dad had dementia, I changed it to Elizabeth.
▼ + stars: | 2024-05-11 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

A few years after legally changing my first name from Denise to Elizabeth in 2008, I received a Christmas card from a friend that was addressed to "Denise Flagg." This story is available exclusively to Business Insider subscribers. I don't think Denise particularly meant anything to him — he just liked it. Some names sound beautiful in people's ears, but others don't, like Denise. AdvertisementDo you have an interesting story about your names that you'd like to share with Business Insider?

Persons: —, Elizabeth Flagg, Denise, Elizabeth, Denise Flagg, I'd cringe, Denise —, Elizabeth Zara, I'd, Saint Elizabeth of Hungary, I've Organizations: Service, Business, Social Security Locations: Zara, Persian

☆ My husband quit a job he hated. As the breadwinner, I don't make as much money, but we feel like we can finally breathe again.
▼ + stars: | 2024-05-11 | by ( Katie Matthews | ) www.businessinsider.com time to read: +6 min

My husband was so burned out by the time he quit that he's taking some time before going back to work. I feel the same way now that I'm the one with the job, even temporarily. Admittedly, I can feel resentful that I'm working while he isn't, especially when I've never had a clean break from work, not even when our babies were born. Katie Matthews and her husband appreciate each other more since he quit his job. AdvertisementMy husband still isn't sure what he'll do next, but he's the most hopeful he's been in a long time.

Persons: We've, I'm, I've, It's, we've, it's, haven't, Katie Matthews, he's Organizations: Service, Business

☆ A ‘Sacred Moment’: Mayor Eric Adams on his Meeting With Pope Francis
▼ + stars: | 2024-05-11 | by ( Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

Mayor Eric Adams, who talks often about his faith, acknowledged on Saturday that he had felt some uncertainty — if not anxiety — about meeting Pope Francis. But at the Vatican, as Mr. Adams stooped before the pope, he felt any disquiet he had wash away. Pope Francis placed his hand on the mayor’s right arm. “I think that some people have a level of aura and energy and the ability to just calm people,” said Mr. Adams, who is Christian but not Catholic. The visit came as the mayor, who is up for re-election next year, faces difficulties in New York City, including lagging poll numbers and a federal investigation into his campaign fund-raising.

Persons: Eric Adams, Pope Francis, Adams stooped, “, ”, Adams Organizations: Mr Locations: Italy, New York, New York City

☆ Insider Today: Hair transplants in Istanbul
▼ + stars: | 2024-05-11 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

On the agenda today:This story is available exclusively to Business Insider subscribers. But first: Where did Mother's Day brunch come from? Austin Melonie Carroll / Getty ImagesThis week's dispatchMother's Day brunchAdvertisementIt's Mother's Day tomorrow — a holiday that can be joyful for many, but also difficult and emotional for others. For those celebrating the holiday, I have a feeling you might be doing something that just feels synonymous with Mother's Day: brunching. I asked Business Insider lifestyle correspondent Anneta Konstantinides for her thoughts — and whether she has any brunch tips.

Persons: —, Austin Melonie Carroll, Anneta Konstantinides, Ina Garten's, Matteo Colombo, Dia Dipasupil, Abanti Chowdhury, Pine, That's, Chris Pine's, Charles Tyrwhitt, Chelsea Jia Feng, Reginald Ferguson, Tyler Le, Anne Rice's, Brooke Shields, Von Erich Organizations: Service, Business, Mother's, Taj, Lionsgate, Paramount, Warner Bros, Dia, Getty, Denzel, Casio, Chelsea, BI, AMC Locations: Town, South Africa, United States, Istanbul, Denzel Washington, Patagonia

☆ Trump's worst rebukes from NY judges were all for attacks on women who made him look bad in court
▼ + stars: | 2024-05-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Cowbells herald a third Trump outburstDonald Trump at his criminal hush-money trial with lawyers Todd Blanche, left, and Emil Bove. I will not tolerate that," state Supreme Court Justice Juan Merchan complained of Trump to defense lawyer Todd Blanche, his voice raised. Then there was Stormy DanielsA courtroom sketch of Stormy Daniels on the witness stand in Donald Trump's hush-money trial. Defense lawyer Susan Necheles questions Stormy Daniels as Donald Trump and Judge Juan Merchan look on. Advertisement"As recently as, I believe, Wednesday night, he was on TikTok," Blanche, the defense lawyer, complained to Merchan before court broke for the week on Friday.

Persons: —, Donald Trump, Trump, riled Trump, they're, Debbie Walsh, Walsh, Donald Trump's, Allison Greenfield, enemies.i Curtis, David Dee Delgado, Arthur Engoron, who'd, Greenfield, Jean Carroll Donald Trump, Jean Carroll, Andrew Kelly, Luiz C . Ribeiro, Lewis Kaplan, audibly —, Carroll, Roberta Kaplan, Cowbells, Todd Blanche, Emil Bove, Jabin, Michael Cohen, Stormy Daniel, Joe Biden's, Juan Merchan, Stormy Daniels, Jane Rosenberg, Daniels, swatting Trump, Merchan, audibly, — Daniels, Blanche, Susan Necheles, Mary Altaffer, Michael Cohen Cohen — Trump's, fining Trump, Cohen, he's, MAGA Organizations: Service, Business, Trump, Center for American Women, REUTERS, New York Daily News, Tribune, Getty, Reuters, GOP, AP Locations: Manhattan, York, New, New York City, Lake Tahoe, New York

☆ China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan
▼ + stars: | 2024-05-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

What's more, Xi Jinping has told the Chinese military to prepare for war and said that reunification with Taiwan is inevitable. But not everyone thinks a Chinese military move is necessarily imminent. If China was actively preparing for a near-term invasion of Taiwan, Kennedy said there are a few things he might expect to see first. AdvertisementIf China does invade, the global economic impact would be huge, and despite its efforts to secure its economy, China would likely be far from unscathed. "Any action against Taiwan would be disastrous for China's economy," Chilukuri said.

Persons: —, Vivek Chilukuri, Scott Kennedy, It's, Chilukuri, Xi Jinping, China's, Jinping, Kennedy, he'd Organizations: Service, Business, West, Center, New, New American Security, Center for Strategic, International Studies Locations: China, Southeast Asia, Europe, US, Taiwan, New American, United States, Russia, Ukraine, Hong Kong

☆ Jerry Seinfeld asked Chris Rock to recreate the Will Smith Oscars slap for his Netflix movie. Rock turned him down.
▼ + stars: | 2024-05-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Jerry Seinfeld tried to get Chris Rock to recreate the moment Will Smith slapped him. Seinfeld told a podcast he tried to involve Rock not long after the slap for his movie "Unfrosted." AdvertisementJerry Seinfeld said he wanted Chris Rock to recreate the moment Will Smith slapped him on the Oscar stage for his new movie "Unfrosted." In 2022, Smith walked onstage during the Oscars ceremony and slapped Rock after the comedian joked about the Smith's wife's bald head. Related stories"We shot that right after the Will Smith slap, and I was going to have somebody come up on the stage and have Chris punch him out as they got there," Seinfeld said.

Persons: Jerry Seinfeld, Chris Rock, Will Smith, Seinfeld, —, Smith, Rock, Dana Carvey, David Spade, Seinfeld's, Chris, Cedric, Carvey, Jada Pinkett Organizations: Service, Netflix, Rotten, Forbes

☆ Opinion | What Kind of Husband Behaves Like Donald Trump?
▼ + stars: | 2024-05-09 | by ( Jessica Bennett | ) www.nytimes.com time to read: +1 min

Donald Trump sat silent, stone-faced and staring straight ahead as he listened to the intimate details in Stormy Daniels’s testimony on Tuesday, closing his eyes at times in an apparent attempt to maintain his composure. It’s a word that has come up repeatedly among Mr. Trump’s defenders, as they try to convince jurors that any action by Mr. Trump was not to break the law or influence an election but to protect his family. Throughout the trial, which is expected to resume on Thursday with Ms. Daniels’s continued cross-examination, Mr. Trump’s team has tried to paint the former president as a loving husband and father. In doing so, they are trying to convince jurors that Mr. Trump cares about his wife and children more than anything else — including his money or his reputation. The idea of “Donald Trump, family man” is one that jurors have to buy, or not.

Persons: Donald Trump, Daniels, Mr, Trump, Melania Trump, Trump’s, Daniels’s, “ Donald Trump

☆ Judge said he won’t tolerate Trump’s cursing and headshaking during Daniels’ testimony, transcript shows
▼ + stars: | 2024-05-07 | by ( Laura Dolan | Jack Forrest | ) edition.cnn.com time to read: +2 min

Merchan told Blanche they were speaking at the bench because the judge did not want to embarrass Trump. “One time I noticed when Ms. Daniels was testifying about rolling up the magazine, and presumably smacking your client, and after that point [Trump] shook his head and he looked down. Blanche said he would talk to Trump during the break. Daniels then told jurors that she “spanked” a “rude, arrogant and pompous” Trump “right on the butt” with a copy of one of his magazines. After which, she said, the former president “was much more polite.”CNN’s Jeremy Herb, Lauren del Valle and Kara Scannell contributed to this report.

Persons: Donald Trump’s, Stormy Daniels, audibly, ”, Juan Merchan, Todd Blanche, Daniels, Trump, Michael Cohen, Merchan, Blanche, ” Merchan, ” Trump, “, Jeremy Herb, Lauren del Valle, Kara Scannell Organizations: CNN, Trump Locations: Lake

☆ The alleged architect of a multibillion-dollar fraud that shook Wall Street heads to trial
▼ + stars: | 2024-05-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses. Put simply, prosecutors say Hwang had used financial instruments called “total return swaps” to gain exposure to the stocks without actually owning them. Over the course of a year, prosecutors say, Hwang grew his $1.5 billion portfolio into a $35 billion portfolio. Why the case mattersWhite-collar crime on Wall Street may seem like a distant problem for most Americans, and that may be true. And sometimes, as in the financial crisis of 2008, it was a bit of Wall Street tinkering in derivatives contracts that blew up in banks’ faces and collapsed the housing market.

Persons: CNN Business ’, Bill Hwang, Hwang, Matt Egan, Banks, Archegos, ” Hwang, Hwang didn’t, ”, isn’t, Dennis Kelleher Organizations: CNN Business, New York CNN, Archegos, Management, Viacom, Discovery, Warner Bros, CNN, Term Capital Management, Credit Suisse, Employees, Bloomberg, Tiger Asia Management Locations: New York, Korean, York City, ’

☆ Stormy Daniels Testified About Core Details in Trump’s Trial
▼ + stars: | 2024-05-07 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

There is probably no one, other than Donald Trump, more central to his New York trial — the first criminal trial of an American president — than Stormy Daniels. Today, in a courtroom in Lower Manhattan, Daniels took the stand for several hours. She spoke quickly, unspooling so many salacious details that the judge overseeing the case balked at some of the testimony, implying that it was gratuitously vulgar, and the defense unsuccessfully sought a mistrial. Daniels has told her story widely, but never to jurors, and not with Trump in the room. During cross-examination, which is expected to continue on Thursday, Trump’s lawyers sought to paint Daniels as a liar driven by greed.

Persons: Donald Trump, —, Stormy Daniels, Trump, Daniels, unnerve Trump, Trump’s Organizations: Trump Locations: New York, Lower Manhattan

☆ Judge threatens Trump with contempt for 'cursing audibly' during Stormy Daniels testimony, new trial transcript shows
▼ + stars: | 2024-05-07 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

In a private sidebar conversation, Donald Trump's hush-money judge said he acted out while Stormy Daniels testified. Trump was "cursing audibly" and "uttered a vulgarity" while Daniels answered questions for jurors, the judge said. "I understand that your client is upset at this point, but he is cursing audibly, and he is shaking his head visually and that's contemptuous," Merchan told Trump's lawyer Todd Blanche. AdvertisementDonald Trump was "cursing audibly" during testimony from Stormy Daniels, according to New York Supreme Court Justice Juan Merchan. The judge also said Trump "uttered a vulgarity" when Daniels testified about "The Apprentice."

Persons: Donald Trump's, Stormy Daniels, Trump, audibly, Daniels, —, Juan Merchan, Merchan, Todd Blanche, Donald Trump, Susan Hoffinger, Hoffinger, Blanche, Jean Carroll's, Lewis Kaplan, Carroll, Kaplan Organizations: Service, New, Trump, New York, NBC Locations: Lake Tahoe , California, New, Manhattan, Trump's

New York CNN —Prosecutors in Donald Trump’s hush money trial dove into the paper trail at the heart of their case on Monday, revealing to jurors exactly how Michael Cohen was repaid by Trump’s trust and personal accounts in 2017 after he paid hush money to Stormy Daniels. Here are the takeaways from day 12 of the Trump hush money trial:Judge threatens to jail TrumpMerchan began Monday’s session by announcing he found Trump in contempt for violating his gag order a 10th time, after fining him last week for nine violations cited by prosecutors. Both of the witnesses worked for Trump for decades – Tarasoff still works for the Trump Org. Trump fully turned in his chair to watch Tarasoff’s testimony when his attorney, Blanche, began his cross-examination of the Trump Org. was like a “family-run business.”Eric Trump, who is still in charge of the Trump Org., and attorney Alina Habba, who represented Trump Org.

Persons: Donald Trump’s, Michael Cohen, Stormy Daniels, Cohen, Juan Merchan, Trump Merchan, Trump, fining, fining Trump, Mr, ” Merchan, ”, ” Trump, Merchan, Daniels, Jeffrey McConney, McConney, Deborah Tarasoff, ” McConney, CNN Tarasoff, Donald J, “, David Pecker, Keith Davidson –, Allen Weisselberg, Daniels ’, Davidson, Cohen –, who’ve, Emil Bove, Weisselberg, ” Tarasoff, Todd Blanche, – Tarasoff, “ You’re, ‘, Blanche, ” Eric Trump, Alina Habba, Tarasoff, Eric Trump Organizations: New, New York CNN — Prosecutors, Trump Organization, Trump, Trump Org, Trust, CNN, White, Trump Revocable Trust, Consultants Locations: New York, Washington, McConney, Sharpie

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