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Four days after presumptive GOP nominee Donald Trump was convicted on 34 counts in his hush money trial in New York, President Joe Biden’s son Hunter will be called to answer for federal gun charges in Wilmington, Delaware. But a CBS/YouGov poll released Sunday showed that Americans believe 57% to 43% that the Manhattan jury reached the right verdict. His inflammatory remarks did not reflect the fact that his refusal to accept his 2020 election loss and his demagoguery are far more reflective of developing-world banana republics than a fair jury trial. Hunter Biden is entitled to the same presumption of innocence and a trial by a jury of his peers that Trump was. “I’d rather be on President Biden’s side of that contrast than on the extreme MAGA Republican side,” he said.
Persons: Donald Trump, Joe Biden’s, Hunter, It’s, Trump, Stormy Daniels, Biden, , , “ It’s, We’ve, Lara Trump, CNN’s Kasie, it’s, Adam Schiff, ” Schiff, don’t, ” Biden, Robert Menendez, Hunter Biden, David Weiss, General Merrick Garland, Roe, Wade, Chuck Schumer, “ Donald Trump, ” Schumer, Hakeem Jeffries, ” Jeffries, Jeffries, Biden’s, , Joe Biden, Sen, Tom Cotton, we’ve, quagmire Organizations: CNN, Israel, Republicans, Trump, Republican National Committee, CBS, Manhattan, Republican National Convention, Fox News, RNC, California, Senate, GOP, Justice Department, Democratic, Robert Menendez of New, Democratic National Committee, Texas Supreme, Court, New York, MAGA Republicans, New York Democrat, Press, Democrats, Republican, NBC, Arkansas Republican Locations: New York, Wilmington , Delaware, South, “ State, America, United States, Robert Menendez of, Robert Menendez of New Jersey, Rehoboth Beach , Delaware, Beverly Hills , California, Nevada
Mr. Giuliani’s run-ins with the law have left his life and finances in tatters. Mr. Giuliani has filed for bankruptcy and owes two Georgia women a $148 million judgment from a defamation case. “Anyone who thinks that Mr. Giuliani is off his game in terms of legal acumen is strongly mistaken,” Mr. Aidala said. Like many at the birthday party, Mr. Aidala was displeased by Mr. Trump’s conviction on charges related to hiding hush money paid to a porn star. In the video, Mr. Trump stands with a small crowd of people who appear to be some of his supporters.
Persons: Donald J, Trump, Rudolph W, Giuliani, Giuliani’s, Mr, Anthony Carbonetti, Barry Kamins, “ He’s, he’s, John Catsimatidis, , we’ve, Kamins, Arthur Aidala, , ” Mr, Aidala, Harvey Weinstein, Andrew, Caroline, Bernard B, Rudy Washington, Raheem Kassam, Miranda Devine, Michael Ragusa, holstered, Scott LoBaido, I’m, MAGA ”, “ Joe, Rudy Giuliani, Rudy Organizations: City Hall, Republican, WABC, New York, Mr, The New York Times, Breitbart, New, New York Post, Trump Locations: tatters, Arizona, Georgia, Washington, Dodge Durango, client’s, Panama, Lower Manhattan, New York City, New York, Bay Ridge, Brooklyn, Staten Island, America, Suffolk County
CNN —Former President Donald Trump said he is “OK” with serving potential jail time or being under house arrest following his historic conviction on 34 felony counts of falsifying business records. “I’m OK with it,” Trump told Fox News in an interview that aired Sunday when asked about the potential punishments. Merchan could sentence Trump to probation or up to 4 years in state prison on each count, with a maximum of 20 years. “I’m fighting for the Constitution,” Trump said, adding that the trial had been “tougher” on his family than himself. Speaking specifically of his wife, former first lady Melania Trump, the former president said, “She’s fine, but I think it’s very hard for her.
Persons: Donald Trump, , ” Trump, , , Trump, I’m, , Judge Juan Merchan, Melania Trump Organizations: CNN, Fox News, White Locations: Manhattan
Investors should buy dips in bonds and sell stocks after the Fed's first interest rate cut, according to Bank of America. The call from Bank of America investment strategist Michael Hartnett is a reversal of his "anything but bonds trade." The Federal Reserve is expected to cut interest rates in the second half of the year. AdvertisementBank of America investment strategist Michael Hartnett is shaking up his trading playbook for the second half of the year. In a note on Friday, Hartnett recommended investors buy dips in bonds and sell stocks after the Federal Reserve makes its first interest rate cut.
Persons: Michael Hartnett, , Hartnett Organizations: Bank of America, Federal, Service, Federal Reserve, ABB, UST, PMI, Fed
In his first letter to the Corinthians, the apostle Paul issues one of Christianity’s better-known if lesser-observed dictates: It’s best to remain unmarried, full stop. But, he continues, if people “cannot control themselves, they should marry, for it is better to marry than to burn with passion.”The message was clear: Celibacy is best; marriage is a concession. But as the centuries progressed this hierarchy collapsed, first in Christianity and then in the broader secular world. Yet celibacy — by which I mean deliberately going without sex — persistently returns to the public conversation. Much of the current vogue for celibacy is not driven by a desire to discipline the flesh but by disgust with the digital-age dating scene.
Persons: Paul, , they’re, Bumble, Lenny Kravitz, Julia Fox’s, Lady Gaga
New York CNN —Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in Bel-Air, California, where the ceremony took place. Zhukova is the mother of Russian American art collector Dasha Zhukova, the former wife of Russian oligarch Roman Abramovich. Murdoch sat for decades at the helm of Fox Corporation and News Corp, two media companies with outlets that include the Wall Street Journal, the New York Post and Fox News. In March 2023, Murdoch proposed to Ann Lesley Smith but the engagement was called off two weeks later.
Persons: Rupert Murdoch, Murdoch, Elena Zhukova, Dasha, Abramovich, Lachlan, Zhukova, Jerry Hall, Ann Lesley Smith Organizations: New, New York CNN, Sun, Air, Fox Corporation, News Corp, Street Journal, New York Post, Fox News, New York Times Locations: New York, Bel, Air , California, Zhukova, Russian
Cathie Wood's decision to sell more than 1 million shares of Nvidia came as the stock rocketed to astronomical highs. Ark Invest has missed out on more than $1 billion in returns by selling Nvidia stock too early. Ark Invest sold 859,000 Nvidia shares in the fourth quarter of 2022, when the stock was trading below $150 per share. In the first quarter of 2024, ARK Invest continued to pare down its Nvidia stake, selling 81,239 shares. ARK Invest has redeployed its proceeds from selling Nvidia stock into other potential AI companies, though few of those investments have panned out.
Persons: Cathie, , ChatGPT, Wood, pare, it's Organizations: Nvidia, Invest, Ark Invest, Service, Securities and Exchange Commission, CNBC, ARK Invest, Wall Street
Its unfounded allegations became an article of faith for an untold number of Americans convinced that the election had been stolen. Mr. Andrews sued Mr. D’Souza, along with Salem and two individuals associated with the right-wing election-monitoring group True the Vote, for defamation in October 2022. “It was never our intent that the publication of the ‘2,000 Mules’ film and book would harm Mr. Andrews,” Salem said in a statement on Friday. In February, a lawyer for True the Vote told a Georgia court that it had no evidence to support its allegations of election fraud in the state. Mr. D’Souza did not immediately respond to a request for comment.
Persons: Dinesh D’Souza, Biden, Salem, Mark Andrews, D’Souza, Andrews’s, Tucker Carlson’s, Charlie Kirk, Andrews, Mr, ” Salem, , Donald J, Trump, , Rudolph W, Giuliani, Trump’s, Catherine Engelbrecht Organizations: Salem Media, Fox News, Mr, CNN, Internal Revenue Service Locations: Georgia, , Salem, Atlanta, ” Salem, Palm Beach, Fla, Arizona
CNN —The next time former President Donald Trump holds a campaign rally will be his first as a convicted felon. The 34-count guilty verdict reached Thursday by a Manhattan jury – the first criminal conviction of a former president – landed like a bomb on the American political landscape. Trump’s campaign had long braced for this outcome, readying their candidate and his supporters for an unfavorable conclusion by casting the case as a political spectacle. But now that a verdict has arrived, uncertainty lurks behind every decision. Trump and his lawyer, Todd Blanche, have indicated they will appeal, a process that could outlast the campaign itself.
Persons: Donald Trump, , Joe Biden, Trump, Juan Merchan, Michael Cohen, ” Trump, Biden, Todd Blanche, Merchan, Ron DeSantis, Nikki Haley, , Jim Jordan, Attorney Alvin Bragg, Matthew Colangelo, Marco Rubio, JD Vance, Ohio –, Vance, , subpoenaing Merchan, ” Vance, Larry Hogan, Chris LaCivita, ” LaCivita, ” CNN’s Kristen Holmes Organizations: CNN, Trump Tower, Trump, Republican, White, Florida Gov, South Carolina Gov, Libertarian, Ohio, Attorney, Fox News, Democratic, Republican Senate, College Republicans, Committee Locations: Manhattan, York, Bedminster , New Jersey, Coast, California, Nevada, Milwaukee, New York, Trump’s, Georgia, Throughout Washington, Marco Rubio of Florida, Maryland
Here’s who is running for president:Claudia SheinbaumThe 61-year-old Sheinbaum is a former Mexico City mayor and climate scientist. A longtime political ally of incumbent President Andrés Manuel López Obrador, she was the Mexico City environment secretary from 2000-2006 when he was mayor. Her close alignment with López Obrador has been both a blessing and a curse politically. (López Obrador has repeatedly dismissed whispers that he favors a candidate that he could influence, telling press in February that he would “retire completely” after his term.) For a relative newcomer, Galvez’s entry into the presidential race has gained impressive momentum, experts say.
Persons: Here’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, López Obrador, she’s “, , Lopez, , Xóchitl, Vicente Fox, • Galvez, ” Jorge Álvarez Máynez, Jorge Álvarez Máynez, San Pedro Garza García, • Máynez, López, Myriam Guadalupe Castro Yáñez, Greg Abbott, Gálvez, CNN’s Rafael Romo, David Shortell Organizations: Mexico City, National Guard, PRI, PAN, Federal Electricity Commission, Institute for Economy, National Migration Institute, National School of Social, National Autonomous University of Mexico, Texas Gov, Washington Locations: Mexico City, Chiapas, Guanajuato, Jalisco, Morelos, Puebla, Tabasco, Veracruz, Yucatán, Mexico, San, prohibitionism, UNAM, Texas, United States
Learn moreAfter months of competition, the Concacaf Champions Cup comes to an end this weekend with the final. We've put together everything you need to know about how to live stream the Concacaf Champions Cup final, including a free way to watch the Pachuca vs. Columbus showdown. The Concacaf Champions Cup has been a stiff competition since the first round played out in February. We'll show you how to live stream the Concacaf Champions Cup Final from anywhere in the world. Where to watch Concacaf Champions Cup final in the USThe Concacaf Champions Cup final will air on Saturday, June 1, at 9:15 p.m.
Persons: We've, we've, Fubo, ExpressVPN Organizations: Business, Concacaf Champions, Concacaf, Pachuca, Inter Miami, Monterrey, CF Pachuca, Columbus Crew, MLS, Liga MX, Columbus, Fox Sports, Concacaf GO, Concacaf YouTube, YouTube Locations: Columbus, Monterrey
Several major networks cut away from former President Donald J. Trump on Friday during an appearance that had been promoted as a news conference at Trump Tower devolved into a rambling and misleading speech. Mr. Trump’s unfiltered remarks were carried live by cable news channels and NBC, which broke into its usual daytime programming to cover his appearance. In the minutes before he began speaking, MSNBC, CNN and Fox News all aired anticipatory camera shots of an empty lectern. Mr. Trump began by speaking in his usual discursive, dissembling manner. He unleashed a litany of false statements about his Manhattan trial, attacking witnesses, calling the judge the “devil” and falsely accusing President Biden of being involved in the prosecution.
Persons: Donald J, Trump, , , Biden Organizations: Trump, NBC, MSNBC, CNN, Fox News
political memoThe outcome of Donald Trump’s Manhattan trial on Thursday had seemed almost unthinkable to the Trump team as recently as last summer. Guilty.”When Mr. Trump got up to leave court, his face looked as if he’d been punched in the solar plexus. Mr. Trump and his allies on Capitol Hill and in conservative media assiduously prepared their audiences to be outraged, whatever the outcome. “There’s a sense of personal resentment,” added the senator, who is on a shortlist to be Mr. Trump’s running mate. He got MAGA’d yesterday,” Mr. Trump said in the hallway outside the courtroom.
Persons: Donald Trump’s Manhattan, Donald J, Trump’s, Trump, Mr, Eric, Eric Trump’s, Steve Witkoff, ” Mr, Witkoff, Adam Gray, Jack Smith, Washington, Tanya Chutkan, Manhattan, Mark Pomerantz, Alvin L, Bragg, Michael D, Cohen, , President Biden, Stephen K, Bannon, Alvin Bragg, Emil Salman, Biden, ” Neil Newhouse, Republican pollster, , Newhouse, , J.D, Vance, MAGA, Robert De Niro, De Niro, ” Ruth Igielnik Organizations: Trump, Republican National Convention, Credit, The New York Times, Democratic, Capitol, Republican, Senate, Republicans, Trump . Credit, Mr, New York Times, Quinnipiac University, “ Voters, Fox, stoke, Biden Locations: Manhattan, Florida, Georgia, New York, U.S, Trump ., Siena, Ohio, Lower Manhattan
Investors should buy stocks ahead of next week's May jobs report, according to Fundstrat's Tom Lee. "We see high probability that stocks perform well into next week's May jobs report," Lee said. AdvertisementInvestors should buy the dip in stocks ahead of next week's release of the May jobs report, according to a Friday note from Fundstrat's Tom Lee. "Thus, we see high probability that stocks perform well into next week's May jobs report," Lee said. Such a report would match the April jobs report and likely put some pressure on the Fed to cut interest rates sooner than later.
Persons: Tom Lee, Lee, Organizations: Service, Nasdaq, Dow Jones, PCE, Housing
"The Crooked Man" is based on the creepy, stand-alone tale of the same name from the comics, and Mignola confirmed that it finished filming in May 2023. This has led some fans to speculate, albeit without evidence, that Millennium Media was making it to keep the rights to the franchise. AdvertisementThis has led some fans to speculate, albeit without evidence, that Millennium Media is making it to keep the rights to the franchise. Commentby from discussioninHellBoyRepresentatives for Millennium Media and Ketchup Entertainment did not respond to Business Insider's request for comment. Advertisementto be clear: there is exactly *ZERO* AI used on hellboy: the crooked man.
Persons: , Mike Mignola's, Ron Perlman, Guillermo del Toro, David Harbour, Mignola, Taylor, Leah McNamara, Jefferson White, Jack Kesy, Adeline Rudolph, Joseph Marcell, ike, omics, ake, evert, rian, aylor, rian T aylor Organizations: Service, Millennium Media, Entertainment, Business, Office Mojo, Media Locations: Spanish
The company said just two customers represented 24% of its revenue in the first quarter. UBS thinks the biggest mystery customer — accounting for 19% of revenue last year — is Microsoft. And UBS believes Nvidia's biggest customer of them all is Microsoft. According to supply chain data estimates from Bloomberg, Arcuri is spot on with Microsoft being Nvidia's largest customer. Bloomberg data estimates that Microsoft makes up 15% of Nvidia's revenue, followed by Meta Platforms at 13% of revenue, Amazon at 6% of revenue, and Alphabet at about 6% of revenue.
Persons: , Blackwell, Timothy Arcuri, Arcuri Organizations: Nvidia, UBS, Microsoft, Service, SEC, OpenAI, Bloomberg, Meta, Amazon
CNN —Donald Trump’s media allies are demanding retribution in the wake of his conviction. Following weeks of attacks targeting the historic hush money case against the former president, prominent right-wing media figures immediately flooded the public discourse Thursday with extreme and disturbing rhetoric after Trump was found guilty on 34 felony counts. The toxic commentary is also enflaming desires of retribution held by Trump supporters, with popular right-wing media figures openly declaring their hope that the GOP candidate to nakedly seek revenge against his critics, should he emerge victorious in November and return to the Oval Office. Some of the right’s most popular talking heads are openly calling for the weaponization of government to seek retribution against Trump’s political opponents. But as the legal walls actually begin to close in on Trump, the commentary in right-wing media is getting angrier, more menacing, and taking a markedly darker tone.
Persons: CNN — Donald Trump’s, Trump, Juan Merchan, Attorney Alvin Bragg, Joe Biden, Matt Walsh, Sean Davis, ’ Jesse Watters, “ We’re, Robert Mueller, Tucker Carlson, he’s, Laura Ingraham, ” Sean Hannity, Biden Organizations: CNN, Fox News, Trump, Manhattan, Attorney, GOP, MAGA Media, Daily, YouTube, Federalist, Fox, United, He’ll Locations: United States, Russia, Trump, China, Cuba, North Korea
“It was never our intent that the publication of the 2000 Mules film and book would harm Mr. Andrews,” Salem said in a Friday statement. In the aftermath of the 2020 election, Trump’s media allies promoted false claims that the election had been stolen by then-candidate Joe Biden. Those election lies, however, have led to legal consequences for outlets that promoted the claims, with right-wing media companies facing a slew of costly lawsuits stemming from their coverage of the 2020 election. Last month, the pro-Trump network One America News settled a lawsuit brought by voting technology company Smartmatic over the outlet’s promotion of lies about the 2020 election. And last year, Fox News settled a historic $787 million defamation lawsuit filed by election company Dominion Voting Systems.
Persons: CNN —, Mark Andrews, , Dinesh D’Souza, Andrews, Donald Trump, Mr, ” Salem, , Salem, Charlie Kirk, Sebastian Gorka, D’Souza, Joe Biden Organizations: CNN, CNN — Salem Media Group, Protect Democracy, Trump, Georgia Bureau of Investigation, Republican Party, News, Fox News, Voting Systems Locations: Georgia, Salem, Salem . Salem
Trump Media and Technology Group stock fell as much as 9% after Donald Trump became a convicted felon. Trump Media stock has been volatile since the conviction, having risen 7% in premarket trading. AdvertisementTrump Media and Technology Group experienced a rollercoaster ride of trading in the aftermath of Donald Trump becoming a convicted felon. Trump Media, which is the parent company of Truth Social, saw its stock decline as much as 9% on Friday. Trump Media Group has largely become a meme-stock with a fervent base of supporters who are politically aligned with the former President.
Persons: Donald Trump, Trump, , Trump's, Stormy Daniels Organizations: Trump Media, Technology Group, Service, Truth, Trump Media Group
Read previewFormer President Donald Trump raked in record cash after he became a convicted felon, a sign of how his legal troubles resonate with his most loyal followers. Trump's campaign did not define what small donors mean, but it typically refers to Americans who donate $200 or less. It's not a surprise that the day provided a major boost to Trump's fundraising. Last month, Trump and Republicans outraised President Joe Biden and Democrats. Senate Republicans' campaign arm said it had its biggest fundraising day of the cycle, raising $360,000 online.
Persons: , Donald Trump, Trump's, Stormy Daniels, Joe Biden, Biden, Trump, Donald Trump's, It's, Karl Rove, let's, Rove Organizations: Service, Business, Politico, Trump, Republicans outraised, Biden, Senate Republicans, Republicans, Fox News Locations: Manhattan, Trump
The 60/40 portfolio isn't dead — in fact, it tends to outperform over the long term, according to UBS. The strategy revolves around a simple balanced portfolio, allocating 60% to stocks and 40% to fixed income. That theory was tested when both equities and fixed income slumped in 2022. Crafting a balanced portfolio Falconio expects the new 60/40 construction to look a little different with the rise in popularity of alternative assets. When it comes to traditional fixed income assets, UBS suggests holding strategic, diversified exposure throughout fixed income.
Persons: Cash, Mark Haefele, Leslie Falconio, Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Darla Mercado Organizations: UBS, Investment Company Institute, Federal Reserve, U.S . Locations: UBS Americas,
Many Americans learned the news of the verdict from online sites, email alerts and text messages from family and friends. How the conviction of Mr. Trump might influence voters’ opinions is one of the first moments of genuine uncertainty in this year’s campaign narrative. Next month also brings a major television moment: the race’s first face-to-face matchup in prime time between Mr. Trump and President Biden, in a CNN debate in Atlanta on June 27. With the exception of Thursday evening, Fox News dominates its cable news competitors in the Nielsen ratings. The channel said on Friday that it had secured an interview with Mr. Trump to air on Sunday’s edition of “Fox & Friends Weekend.” The taped interview will be conducted by the show’s co-hosts, Will Cain, Rachel Campos-Duffy and Pete Hegseth.
Persons: Mr, Trump, Biden, , Will Cain, Rachel Campos, Duffy, Pete Hegseth Organizations: CNN, Fox News, Nielsen, “ Fox, Friends Locations: Atlanta
New York CNN —The jury might still be deliberating, but Donald Trump’s media allies have already delivered a verdict to their audiencesThroughout the duration of the Manhattan hush-money trial, Fox News and the rest of MAGA Media have set the stage to absolve Trump in the historic case. Inside this alternate media universe, the actual facts of the case never penetrate the bubble that shields its audiences from detrimental developments for Trump. In the Republican Party, voters absorb their information from outlets like Fox News, which has dishonestly run defense for Trump over the course of the trial. And the study only accounted for Fox News, not the host of other entities that make up the right-wing media universe. It can be tempting to ignore the torrent of attacks Trump’s media allies are launching in their unrelenting efforts to undermine the case.
Persons: Donald Trump’s, Trump, Sean Hannity, Laura Ingraham, Steve Bannon, Joe Biden, nefariously, , Biden, Trump’s, it’s, Michael Cohen, David Pecker, , Judge Juan Merchan, Attorney Alvin Bragg, Jesse Watters, Merchan, Organizations: New York CNN, Fox News, MAGA Media, Trump, GOP, National Enquirer, Republican Party, Fox, Manhattan, Attorney, Media Matters Locations: New York, Manhattan
The stock market is primed for a correction as equity valuations hit historically high levels, according to economist David Rosenberg. AdvertisementThe stock market is "primed for a correction" as earnings valuations hit historically high levels, according to economist David Rosenberg. That suggests that the expansion in the S&P 500's forward price-to-earnings valuation multiple to 21x from 18x in October is getting stretched. Wall Street consensus for the S&P 500's 2024 earnings per share is $245, which is the same forecast today as it was in October, before the stock market staged a near-30% rally. AdvertisementThat has informed Rosenberg's consistently bearish view, but the economist did say that high valuations on their own do not mean the stock market can't go higher from here.
Persons: David Rosenberg, Rosenberg, , " Rosenberg, Rosenberg's Organizations: Service
Salesforce stock plunged 21% after the company reported its first revenue miss since 2006. AdvertisementSalesforce stock plunged as much as 21% on Thursday after the company reported its first revenue miss since 2006. Here are the key numbers:AdvertisementQ1 Revenue: $9.13 billion, versus analyst estimates of $9.17 billion$9.13 billion, versus analyst estimates of $9.17 billion Q1 Adjusted earnings per share: $2.44, versus analyst estimates of $2.38$2.44, versus analyst estimates of $2.38 Q2 Revenue guidance: $9.2 billion to $9.25 billion, versus analyst estimates of $9.37 billion"Macro headwinds returned with a vengeance," analysts at Citi said in a note on Thursday. AdvertisementGoldman Sachs reiterated its "Buy" rating on Salesforce and categorized the weakness in the company's results as "cyclical headwinds" that should ultimately dissipate. AdvertisementCiti reiterated its "Neutral" rating and took a more cautious view on Salesforce following their results.
Persons: , Goldman Sachs, Dan Ives, Ives Organizations: Service, Citi, Bank of America, Sales
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