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☆ Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
▼ + stars: | 2024-05-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

NIO launches its second brand ONVO and its first model L60 on May 15. SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday. Nio launched its lower-priced brand Onvo on Wednesday with a new L60 SUV that's about $4,000 cheaper than Tesla's Model Y. "For example, in Europe we previously used a direct sales method," said Li, who founded Nio about 10 years ago. That can include local distribution or production, Li said, describing the strategy overall as "global capability, local operation."

Persons: Ai Tiecheng, NIO, ONVO, William Li, Li, Nio, BYD Organizations: NIO, CNBC, GAC's Locations: Shanghai, China, SHANGHAI, Europe

☆ Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

In this article 9866-HK Follow your favorite stocks CREATE FREE ACCOUNTChinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y. Elon Musk's electric SUV has been one of the best-selling pure battery-powered electric cars in China. watch nowFierce competition in China's electric car market has invited new entrants and prompted many companies to cut prices. Smartphone company Xiaomi in late March entered the electric car market with its SU7 sedan to rival Tesla's Model 3 with a price that was also about $4,000 cheaper.

Persons: Nio, Evelyn Cheng SHANGHAI, William Li, Onvo, CNBC's Eunice Yoon, Elon, Xiaomi, BYD, Li, Biden, Tesla Organizations: HK, CNBC, Onvo's, Tesla's, Elon Musk's Locations: Shanghai, China, Europe, .

☆ Ukraine's pilots are flying high-risk 'wild weasel' missions first developed in the Vietnam War by the USAF, says defense analyst
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +8 min

Eastern Ukraine, a Ukrainian Air Force MiG-29 Wild Weasel fires off an AGM-88 HARM towards a Russian radar. (Summer ‘22) pic.twitter.com/IOeu7hzUxW — OSINTtechnical (@Osinttechnical) February 8, 2024The US Air Force pioneered SEAD tactics in the Vietnam War. The term "wild weasel" originated from Project Wild Weasel. This US Air Force anti-SAM strategy used direct attacks to suppress enemy air defenses, according to the National Museum of the US Air Force. But, he added Ukraine's tactics "go far beyond the classic wild weasel missions of Anti-Radiation Missile equipped aircraft."

Persons: —, UkrAF Su, McDonnell Douglas, Stuart Lutz, Gado, Seaman Anthony N, Frederik Mertens, Mertens, William LaPlante, Justin Bronk, Bronk, Russian SAMs, James Hecker, Kajsa Ollongren, Putin Organizations: Service, Ukraine's, US Air Force, Radiation, Business, Ukrainian Air Force, Air, National Museum of, US Navy, US, U.S . Navy, Communication, Hague, Strategic Studies, Radiation Missile, Defense, Washington DC, Wild, Technology, Royal United Services Institute, Russian SAM, United States Air Forces, Air Force, Space, Rygge Air Force Base, OLE BERG, Getty, Dutch Defense Locations: Ukraine's Soviet, Eastern Ukraine, Russian, Ukraine, Ukrainian, treetop, Vietnam, Libya, Iraq, Yugoslavia, London, Europe, Romania, Norway, AFP, Netherlands, Vilnius, Denmark, Crimea, Kerch

☆ Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
▼ + stars: | 2024-05-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15. The announcement comes amid a price war in China's highly competitive electric car market that's forced Tesla to cut prices. Nio said the first Onvo model, the L60, will be a "family-centric smart BEV priced around RMB 250,000, in the same segment as Tesla Model Y." Nio delivered 15,620 electric cars in April, up from 11,866 cars the prior month. The company sells cars to Europe, but didn't specify whether Onvo would be available outside China.

Persons: Nio, Tesla, BEV, William Li, Onvo, Le Organizations: Tesla, CNBC Locations: BEIJING, Europe, China

☆ China EV maker Nio on track to unveil its first mass-market car in May, executive says
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +1 min

The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. China's premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday. Nio has created the sub-brand Onvo to launch a new EV that Chief Executive William Li has said will take aim at the Tesla Model Y, the world's best-selling EV. On Monday, the new website for the Onvo brand went live in China with a message to "stay tuned" for details on the new model, the L60. Vincelot said more details on the brand, until now code named "Alps", were expected by the end of the month.

Persons: Nio, William Li, Nicolas Vincelot, Vincelot Organizations: Reuters, EV, Tesla Locations: Berlin, Germany, Europe, France, China, Paris

☆ Russian forces have hit on a cheap way to foil US precision weapons in Ukraine
▼ + stars: | 2024-04-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

Another US precision-guided weapon is being foiled by Russian electronic warfare. The new weapon, rapidly delivered to Ukraine, has repeatedly failed in combat, a US official said. Several US weapons have repeatedly been beaten by electronic warfare. AdvertisementAnother US precision-guided weapon has apparently been foiled by Russian electronic warfare, a Pentagon official said. Last week, William LaPlante, the undersecretary of defense for acquisition and sustainment, said a new version of a US precision weapon had failed to hit Russian targets partially because of Russian electronic warfare.

Persons: —, William LaPlante, LaPlante Organizations: Service, Pentagon, Strategic, International Studies, Business Locations: Ukraine

☆ Elon Musk will face intense competition if he tries to bring Tesla's full self-driving technology to China
▼ + stars: | 2024-04-29 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Elon Musk has moved closer to getting full self-driving technology approved in China, reports suggest. One local EV boss welcomed the move, saying regulators should "let a hundred flowers bloom." Tesla has moved closer to securing approval to operate its full self-driving technology in China, according to multiple reports, after CEO Elon Musk made a surprise visit to the country over the weekend. Getting FSD approved for China would be a massive win for Musk, who has bet Tesla's future on self-driving cars and robotaxis. AdvertisementMany of Tesla's local rivals are rolling out their own versions of Tesla's Autopilot, which is available in China, and full self-driving technology as competition rages in the country's EV market.

Persons: Elon Musk, Tesla, —, Elon, Musk, XPeng's, William Li, Xiaopeng, EVs, Warren Organizations: EV, Service, Huawei, Xiaomi, Weibo, Bloomberg Locations: China, Guangzhou

☆ Nio CEO: We want to keep prices of our cars stable
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNio CEO: We want to keep prices of our cars stableWilliam Li, CEO of Nio, discusses price volatility in the electric vehicle market.

Persons: William Li

☆ Doubt we'll see more than two 25bps rate cuts this year, says Bill Lee
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoubt we'll see more than two 25bps rate cuts this year, says Bill LeeWilliam Lee, Chief Economist at the Milken Institute, gives his expectations for the upcoming Federal Reserve meeting.

Persons: Bill Lee William Lee Organizations: Milken Institute, Reserve

☆ Ukraine's Pilots Use iPads to Fly Combat Missions Against Russia: US Official
▼ + stars: | 2024-04-28 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Ukraine's pilots are using iPads for combat missions, said a US undersecretary. The iPads or similar tablets could assist in what are called "Wild Weasel" missions. It is an example of adapted Ukrainian weapons built by stitching Western and Soviet parts together. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA video released by Ukraine's Air Force appears to show its pilots using a tablet to help it conduct combat missions against Russian air defense systems.

Persons: —, William LaPlante Organizations: Service, Ukraine's Air Force, Russian, Defense, Washington DC, Business Locations: Ukraine, Soviet

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio's first such mass market car will be an SUV cheaper than Tesla 's Model Y, CEO William Li told CNBC's Eunice Yoon on Thursday. The Tesla SUV starts at 249,900 yuan ($35,197) in China. Like many early entrants to China's electric car market, U.S.-listed Nio targeted the premium market when it launched about a decade ago. The new cars come amid an intense price war in China's new energy car market, which includes battery-only and hybrid-powered vehicles.

Persons: William Li, Nio's, Eunice Yoon, Li Organizations: New York Stock Exchange, Tesla, Volkswagen Locations: BEIJING, China, U.S

☆ 2 founders of a crypto mixer charged with laundering funds from the dark web
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The cofounders of crypto mixer Samourai Wallet were charged with money laundering. The service anonymized hundreds of millions of dollars for dark web criminals, prosecutors said. AdvertisementThe cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday. Rodriguez and Hill were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Related storiesThe Samourai Wallet website has been seized.

Persons: Samourai's cofounders, —, — Keonne Rodriguez, William Lonergan Hill —, Rodriguez, Hill, James Smith, haven't Organizations: Service, Prosecutors, Southern, of, FBI Locations: of New York, Portugal, DMs

☆ The US and China are engaging more. But that doesn't mean they trust each other more, an analyst said.
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

US and China's engagements don't mean they trust each other more, said Eurasia Group's Ian Bremmer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But just because they're talking more doesn't mean that they actually trust each other more, an analyst said on Wednesday. Earlier this month, Treasury Secretary Janet Yellen visited China, seeking cooperation in areas beneficial to both countries. Advertisement"It's always better to have more engagement, more conversations — especially when you don't trust each other," Bremmer said.

Persons: Ian Bremmer, —, Joe Biden, Xi Jinping, there's, Bremmer, Janet Yellen, Lloyd Austin, State Anthony Blinken, William Lai — Organizations: Service, Eurasia Group, Bloomberg, APEC, Defense, State Locations: Eurasia, Ian Bremmer . Washington, China, Taiwan, San Francisco, US, Washington, Taiwan —, Beijing

☆ The Pentagon is 'not really' worried about China's new H-20 stealth bomber, defense official says
▼ + stars: | 2024-04-23 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

A US defense official downplayed the threat of China's new Xi'an H-20 bomber. AdvertisementChina's new bomber, the Xi'an H-20, is intended to rival America's new stealth bomber, but a US defense official told reporters on Monday it's "not really" a concern. A B-2 Spirit takes off for Red Flag-Nellis 24-1 training at Nellis Air Force Base on Jan. 16. A former US Air Force commander said previously that it wasn't "anything to lose a lot of sleep over." The Pentagon unveiled a new stealth bomber in 2022 that is currently in production and will eventually replace B-1 and B-2 fleets.

Persons: —, it's, William Lewis, It's, Wang Wei, David Swanson, Northrop Grumman Organizations: Service, Breaking Defense, Flag, Nellis, Nellis Air Force Base, US Air Force, Liberation Army Air Force, Hong, Hong Kong Commercial Daily, China Aviation Industry Corporation, Northrop, Air Force, United States Air, REUTERS, Pentagon Locations: Xi'an, Jan, China, Hong Kong, Palmdale , California, U.S

☆ BP trims down executive team, picks new head of its gas and low carbon energy business
▼ + stars: | 2024-04-18 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm's oil and low carbon energy business. BP said it was simplifying its organizational structure to help "grow the value" of the business. "These changes will help us do just that, reducing complexity within bp, allowing our team to focus on delivering our priorities and growing the value of bp," he added. The energy major said the financial reporting structure of the firm remains unchanged and that it will continue to have three businesses: production and operations, gas and low carbon energy and customers and products — enabled by trading and shipping.

Persons: William Lin, Lin, Isabel Dotzenrath, Emeka Emembolu, Ann Russell, Murray Auchincloss, BP's Organizations: United Kingdom ., IEC, London Locations: Southend, United Kingdom, Leigh

☆ China's Nio to expand battery swap services to gain an edge on EV infrastructure
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023. Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. While having a large network of battery charging stations helps address those concerns, battery swapping is a faster method as it takes only a few minutes. CLSA's Luo said businesses also prefer to invest in normal charging stations than swap stations because they make a higher return.

Persons: Nio, —, JAC —, Ding Luo, Shen Fei, Shen, it's, Le, William Li, Shay Natarajan, Luo, Ford Organizations: Bloomberg, Getty, Chery, CNBC, Battery, Nissan, Sino Auto, Mobility Impact Partners, General Motors Locations: Haikou, Hainan province, China, BEIJING, U.S, San Francisco, Kyoto, Japan, Madrid, Spain, Europe, North America

☆ Venezuela battles record wildfires worsened by Amazon drought
▼ + stars: | 2024-04-02 | by ( Billy Stockwell | Story Reuters | ) edition.cnn.com time to read: +6 min

Reuters —Venezuela is battling a record number of wildfires, according to data released on Monday, as a climate change-driven drought plagues the Amazon rainforest region. An aerial view shows a burned forest after a forest fire in Henri Pittier National Park on March 30. Leonardo Fernandez Viloria/ReutersA Bolivarian National Police helicopter flies over during a wildfire in the Henri Pittier National Park on March 29. The fires are blanketing with smoke Guayana City, Venezuela’s largest urban center in the Amazon, according to a Reuters witness. In Venezuela, Lozada, firefighters and other experts said the government response was lacking.

Persons: Manoela Machado, ” Machado, “, ”, Carlos Carruido Perez, Henri Pittier, Leonardo Fernandez Viloria, Henri, Jose Rafael Lozada, Michael Coe, Lozada, Juan Carlos Hernandez, ” Lozada, Oxford’s Machado, William Lopez Organizations: Reuters —, Satellites, University of Oxford, Henri, Reuters, Bolivarian National Police, NASA, Universidad de Los, Research, AFP, Getty, “ Firefighters Locations: Reuters — Venezuela, Venezuela, South America, Pacific, Brazil’s, Brazil, Henri, Uverito, Manhattan, Universidad de Los Andes, Merida, Brazil’s Roraima, Roraima, Naguanagua, Carabobo State

☆ Prince William's wife and father were diagnosed with cancer within weeks of each other. We spoke to a social worker about how caregivers can cope.
▼ + stars: | 2024-03-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

King Charles III and Kate Middleton, Princess of Wales, both announced they had cancer this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPrince William's wife and father both announced separate cancer diagnoses within a month of each other. Buckingham Palace announced King Charles III's diagnosis in a statement shared in February, just weeks after the 75-year-old underwent treatment for an enlarged prostate. Kate Middleton, Princess of Wales, later announced her cancer diagnosis in a video statement in March.

Persons: King Charles III, Kate Middleton, Princess of Wales, Prince William, Monica Cwynar, —, Prince William's, King Charles III's Organizations: Service, Business Locations: Buckingham

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ Art Basel Hong Kong: Collectors return to Asia’s biggest art fair despite cooling market
▼ + stars: | 2024-03-29 | by ( Stephy Chung | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —Picture Vladimir Putin, Angela Merkel and George W. Bush as 7-year-olds. Noemi Cassanelli/CNNAsia’s largest art fair, which concludes Saturday, has returned to “pre-pandemic scale,” as organizers put it. Hong Kong artist Mak2's installation in the fair's "Encounters" section. A colorful booth by Dvir Gallery, based in Paris, Tel Aviv and Brussels, which participated in the Hong Kong fair for the first time. So while Art Basel is a “very international platform,” Chan said, it still provides the chance to showcase homegrown talent.

Persons: Vladimir Putin, Angela Merkel, George W, Bush, Lí, Noemi Cassanelli, Hong, Hong Kong’s, ”, William Leung, fairgoer, “, Ivy Haldeman, François Ghebaly, It’s, it’s, “ It’s, Victoria Miro, Wirth, Mark Bradford, Philip Guston, Ed Clark, ” Keith Tsuji, Willem de Kooning’s, Kooning, Fuyuhiko Takata, Yoko Ono’s, Takata, Fuyuhiko, Louise Delmotte, I’m, ” Takata, fairgoers, Jaume Plensa, Mary Sabbatino, Sabbatino, Mak2, Teppei, Maho Kubota, Alexie, Kantor, Trevor Yeung, Stephen Wong, people’s, Hilda Chan, London’s, ” Chan Organizations: Hong Kong CNN, Art Basel, CNN, “, Hauser, Hauser & Wirth, Galerie Lelong, The, Hong, Dvir, Hong Kong, CNN Hong, London’s Tate Locations: Hong Kong, Beijing, Hong Kong ., China, New York, Art Basel Hong Kong, Los Angeles, Asia, American, Spanish, York, Paris, Australian, Paris , Tel Aviv, Brussels, Hong

☆ When Sean Combs Was ‘Living the American Dream’
▼ + stars: | 2024-03-28 | by ( Jacob Bernstein | Vanessa Friedman | ) www.nytimes.com time to read: 1 min

Long before he was accused of sexual misconduct in a series of lawsuits, and long before federal agents in military gear raided his homes in Miami and Los Angeles, Sean Combs was unforgivable. That was the name he had selected for his first fragrance, which he sold through a partnership with Estée Lauder. It was promoted as a scent that “exudes the energy, sexiness and elegance of Sean Combs,” and he was supposed to give it a publicity boost in April 2006 by ringing the opening bell of the New York Stock Exchange alongside William Lauder, the Estée Lauder chief executive, and Terry Lundgren, the head of Federated Department Stores. But Mr. Combs didn’t arrive in time for the opening of the market, saying he had been stuck in traffic. So his fellow business titans did the honors without him.

Persons: Long, Sean Combs, Estée Lauder, ”, William Lauder, Lauder, Terry Lundgren, Combs didn’t Organizations: New York Stock Exchange, Federated Department Stores, titans Locations: Miami, Los Angeles

☆ The once-forgotten flying wing has taken over the US's bomber fleet
▼ + stars: | 2024-03-09 | by ( Ben Brimelow | ) www.businessinsider.com time to read: +11 min

Originally designed before America's entry into the Second World War, the YB-49 flying wing was intended to be America's first intercontinental bomber. US Air ForceThe flying wingThe YB-49 was the final iteration of a flying wing bomber concept created by legendary aircraft designer Jack Northrop, founder of the Northrop Corporation. A larger test aircraft, the N-1M, was tested in July of 1940, proving the potential of the flying wing design. The problems with aerial instability could now be solved by computers utilizing fly-by-wire technology and differential thrust, and so a flying wing design was submitted. In order to maintain a powerful bomber force and to keep up with technological innovation, the Air Force launched the Long Range Strike Bomber program in 2011.

Persons: —, Northrop Grumman, Jack Northrop, Northrop, Dunne, elevons —, William Lewis, Defense Lloyd Austin Organizations: Service, US Air, US Air Force, Northrop Corporation, United States Army Air Forces, US Army Air Forces, Britain, USAAF, Air Force, Flag, Nellis, Nellis Air Force Base, Raider, Technology Bomber, Northrop, ATB, Defense Locations: Nazi, Europe, British, Jan, Yugoslavia, Iraq, Afghanistan, Libya

☆ Two market experts debate the push and pull between stocks and the economy
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market experts debate the push and pull between stocks and the economyJames Cakmak, Partner at Clockwise Capital, and William Lee, Chief Economist at the Milken Institute, discuss the staying power of the markets' rally.

Persons: James Cakmak, William Lee Organizations: Milken Institute

☆ This century-old 1 bathroom house took $11,000 worth of staging, attracted 25 bids, and sold for $253,000 above its asking price
▼ + stars: | 2024-02-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. "I grew up in Nutley," Lorraine Hurlbut , the listing agent for the home who works with Keller Williams NJ Metro Group, told Business Insider. Advertisement“We have New Yorkers, people from Hudson County that live in Jersey City and Hoboken come,” to buy homes in Nutley, Hurlbut said. With 15 bids received, the home's sale price soared by over 40% of the asking price — setting a record in Nutley, Hurlbut told NJ.com. “I don't do minimal staging,” Hurlbut told Business Insider.

Persons: —, William Lambert, Lorraine Hurlbut, Keller, It's, Hurlbut, “, Geoffrey, NJ.com, ” Hurlbut, Hurlburt, ” Organizations: Service, Business, Keller Williams NJ Metro Group Locations: Nutley , New Jersey, Nutley, Essex County, New York City, Hudson County, Jersey City, Hoboken, New York, New Jersey

☆ AOC's questions years ago helped spark the investigation into Trump's business. Now, he's been ordered to pay $355 million.
▼ + stars: | 2024-02-17 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

As part of Friday's fraud trial verdict, Donald Trump has been ordered to pay $355 million to the state of New York. This saga started in 2019 when Alexandria Ocasio-Cortez grilled Trump attorney Michael Cohen. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. And the case may have never happened if, years ago, a newly-elected member of Congress from Trump's home state hadn't grilled Michael Cohen on Trump's finances. Representatives for Ocasio-Cortez, Trump, and James did not immediately respond to a request for comment from Business Insider.

Persons: Donald Trump, Letitia James, Alexandria Ocasio, Cortez, Trump, Michael Cohen, —, Arthur Engoron, ” Trump, Cortez —, William Lacy Clay, James, Cohen, Allen Weisselberg, Ron Lieberman, Matthew Calamari, Weisselberg, Engoron, Robert's Organizations: Service, New, Rep, Trump, Trump Org, Trump Organization, Ocasio, Business Locations: New York, Alexandria, Cortez

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