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☆ I dodged a 15% rent increase because of a new NYC housing protection law. Here's how to know if it could save you money.
▼ + stars: | 2024-06-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?

Persons: Weaver, —, Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, —, Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn

☆ Trump campaign raises record $34.8 million in donations after guilty verdict
▼ + stars: | 2024-05-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

The Trump campaign said Friday it nearly doubled its single-day fundraising record after a New York jury found Donald Trump guilty in his criminal hush money trial. The Republican's campaign said it raised $34.8 million from small-dollar donors in less than seven hours following the historic verdict Thursday afternoon, in which Trump was convicted of 34 counts of falsifying business records. Nearly 30% of those donors were brand new to the Trump donation site WinRed, senior campaign advisors Chris LaCivita and Susie Wiles said in a press release. The top aides echoed Trump's post-trial vow that the "real verdict" will come on Election Day, Nov. 5. The Trump campaign told NBC News that its latest fundraising figure only includes donations sent between Thursday's verdict and midnight, and that it does not include anything that came in after 12 a.m.

Persons: Donald Trump, Stormy Daniels, Trump, Chris LaCivita, Susie Wiles, Trump's, Joe Biden Organizations: U.S, New, Trump, Republican, NBC News Locations: New York City, U.S, New York

☆ Fact check: Trump’s post-conviction monologue was filled with false claims
▼ + stars: | 2024-05-31 | by ( Daniel Dale | ) edition.cnn.com time to read: +10 min

Instead, Trump delivered a rambling monologue that was filled with false claims on subjects ranging from the Manhattan trial to immigration to tax policy. He said this time that “you have violent crime all over this city at levels that nobody’s ever seen before.”Facts First: Trump’s claim is not even close to true. Michael Cohen’s crimesCriticizing key prosecution witness Michael Cohen, Trump repeated a claim he made during the trial in April. Facts First: There is no basis for Trump’s claim. It was dead.”Facts First: Trump’s claim is false.

Persons: Donald Trump, Trump, New York City Trump, Michael Cohen’s, Michael Cohen, Cohen, “, Robert Mueller, Trump’s, ” Cohen, ”, ” Trump, Biden, Joe Biden, Alvin Bragg’s, –, Bragg, Matthew Colangelo, Colangelo, Judge Juan Merchan, Merchan, Bradley Smith, Rather, Smith, Congo ’ Trump, Africa –, Patrick Muyaya Katembwe, ” Serge Mombouli Organizations: Washington CNN, New York City, New, Trump, Republican, Intelligence, Biden, DOJ, of Justice, federal, Department, Democrat, Justice Department, Congo, Democratic, CNN, PAC, Nord Locations: Manhattan, New York, , New York City, New York City, –, Russia, Moscow, York’s, Congo, Democratic Republic of Congo, Republic of Congo, Africa, United States of America, Republic of, Germany, Russian, Trump’s, Ukraine

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. Pershing Square had $18.6 billion in total assets under management as of the end of April. Most of its capital is in Pershing Square Holdings, a closed-end fund that trades on European stock exchanges. Ackman has become one of the world's most prominent hedge-fund investors after years of market-topping returns and vocal activist campaigns.

Persons: Bill Ackman, eyeing, Ackman, Ryan Organizations: Pershing, Capital Management, Delivering Alpha, Billionaire, Street Journal, Ryan Israel, Pershing Square Holdings, New York Stock Exchange, Grill, Hilton, Herbalife Locations: New York City, U.S, Israel, North America

☆ CNBC Daily Open: Trump guilty in hush money trial
▼ + stars: | 2024-05-31 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 22, 2024 in New York City. The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue to rise. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Saleforce sinks stocksWall Street closed lower after Salesforce had its worst day in two decades. Salesforce plungesShares of Salesforce slumped more than 20%, their worst trading day in 20 years, after the cloud software company reported weaker-than-expected results.

Persons: Dow Jones, Trump, Donald Trump, Daniels, Salesforce, Dell, Dell's, Foot, Locker's, Mary Dillon Organizations: New York Stock Exchange, CNBC, New, Republican National Convention, Dow Jones, Nasdaq, Nvidia, Microsoft, Treasury, Dell, Citi Locations: New York City, New York, U.S, Milwaukee

☆ I got engaged with a $57 Etsy ring. My fiancé and I both make 6 figures, but we're planning strategically to save $20K for our wedding.
▼ + stars: | 2024-05-31 | by ( Viviana Vazquez | ) www.businessinsider.com time to read: +9 min

Our wedding budgetWe have a wedding budget of $20,000, with a guest list of around 120 people. Some of my family members won't be able to travel to Mexico, so we plan to invite them to dinner after our City Hall civil wedding. Some of my family members won't be able to travel to Mexico, so we plan to invite them to dinner after our City Hall civil wedding. We plan to help subsidize five rooms for 10 family members by contributing $1,000 per room, or half the cost. We plan to help subsidize five rooms for 10 family members by contributing $1,000 per room, or half the cost.

Persons: —, Xavi, We've, Vazquez, Viviana Vazquez, maxing, Robert Dula, we'd, I'm, San Miguel de Allende, Viviana Vazquez Viviana Vazquez, Jane Zhang Organizations: Service, Baruch College, Business, City Hall, City Locations: New York City, Mexico, Atlanta, New Orleans, Vazquez, Nola, Cancún, New York, San Miguel, janezhang@businessinsider.com

☆ How East West Bancorp has gained an edge by serving the Asian American community
▼ + stars: | 2024-05-31 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

East West Bancorp shares have eked out a small gain in 2024, up 2%. Despite the heightened scrutiny around regional banks, little-known East West Bancorp has been able to pull ahead thanks to a key customer base: Asian Americans. American dream = home ownershipPart of what's helping East West succeed with Asian Americans goes all the way back to its origins. East West Bancorp was founded in 1973 as a federal savings and loan in the Los Angeles area to service the Chinese American and immigrant community struggling to obtain mortgages and business loans. East West also drives cross-border activity between the U.S. and other Asian countries, such as Thailand and Vietnam.

Persons: Alexander Yokum, Wells, Timur Braziler, Fannie Mae, Freddie Mac, —, Braziler, Christopher Del Moral, Niles, it's, Del, Steven Leung, Leung, CFRA's Yokum, Yokum, Dominic Ng, that's Organizations: East West Bancorp, Regional Banking, Bancorp, West Bancorp, CFRA, Federal Housing Finance Agency, East, East West, U.S, Bancorp's Locations: Southern California, U.S, United States, East, Los Angeles, Asia, FactSet, East West, New York, Beijing, China, Shanghai, Thailand, Vietnam, Washington

☆ Emily Ratajkowski, Stormy Daniels and the not-so-subtle art of sartorial support
▼ + stars: | 2024-05-31 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

On the final day of Donald Trump’s hush money criminal trial — in which a jury found the former president guilty on all 34 counts of falsifying business records — Emily Ratajkowski was spotted wearing a not-so-subtle statement shirt. Ratajkowski wore her $95 Stormy Daniels T-shirt out in New York. Ratajkowski herself is no stranger to the art of sartorial support, wearing a conspicuous Rage Against the Machine T-shirt in 2020 featuring a young Bernie Sanders. Despite a lack of statement, Cate Blanchett's latest Cannes look was interpreted by many as a nod to the Palestinian flag. Similarly, Ratajkowski has spoken at length in her 2021 book “My Body” about her experience enduring several instances of sexual assault.

Persons: Donald Trump’s, Emily Ratajkowski, Stormy Daniels, Daniels, Robert Crumb, Katherine Hammett, Margaret Thatcher, Pershing, Hammett, Thatcher, ” Hammett, Ratajkowski, Bernie Sanders, Queen Elizabeth II —, Cate Blanchett’s Haider Ackermann, Blanchett, Ackermann, Cate Blanchett's, Daniel Cole, Guy Pearce, Netanyahu, ” Pearce, ”, I’ve Organizations: CNN, Trump, British, Guardian, EU, Cannes Film, Fair Locations: New York City, York, British, New York, Gotham, Palestine, Gaza, Cannes, Fair France

☆ Unusual ‘salty licorice’ cats share a newly discovered genetic mutation
▼ + stars: | 2024-05-31 | by ( Amanda Schupak | ) edition.cnn.com time to read: +4 min

“Our research approach is community science,” Lohi, who was corresponding author on the study, told CNN. Researchers dubbed the cats' unusual coat coloring as salmiak, or “salty licorice,” after a popular Finnish candy. Now that salty licorice cats are officially a thing, could they become the next designer breed? “It is possible that breeders will choose to develop a population of salty licorice cats,” Lohi said. “However, the health of the salty licorice cats should be followed in more detail to confirm the absence of any color-related health issues.” Tailored genetic testing could be used to ensure the cats are bred without passing on dangerous genes.

Persons: Hannes Lohi, ” Lohi, Lohi, ”, Greg Barsh, ” Barsh, ” Amanda Schupak Organizations: CNN, University of Helsinki, Genetics, Stanford University Locations: Petäjävesi, Finland, Finnish, New York City

☆ Trump blasts hush money conviction as political warfare
▼ + stars: | 2024-05-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Former President Donald Trump angrily denounced his criminal hush money trial in rambling remarks Friday, a day after a New York jury convicted him on 34 felony counts of falsifying business records. Trump called the case "very unfair" as he cycled through many of his previously voiced criticisms of trial judge Juan Merchan, the prosecutors, witnesses, and the charges in Manhattan Supreme Court. "These are bad people," Trump told reporters at Trump Tower, where he launched his first Republican presidential campaign nine years earlier. "It should never be allowed to happen in the future, but this is far beyond me. "This is bigger than Trump, this is bigger than me, this is bigger than my presidency."

Persons: Donald Trump, Stormy Daniels, Trump, Juan Merchan Organizations: Trump, New, Trump Tower, Republican Locations: New York City, U.S, New York, Manhattan

☆ Robert De Niro says 'justice has been served' after New York jury convicts Donald Trump in his hush money trial. Here's a timeline of their 13-year feud.
▼ + stars: | 2024-05-31 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

2023: De Niro reignites the feud during the press "Killers of a Flower Moon" press tour. Robert De Niro criticized Trump over his handling of COVID. However, ahead of the 2024 election, De Niro began speaking out about Trump again as he promoted his upcoming movie "Killers of a Flower Moon." Imagine how insane that is," De Niro said, referring to Trump. And I want to read it," De Niro said before bringing out his phone to read the original speech.

Persons: Niro, Robert De Niro, Trump, David Dee Delgado, De Niro's, De Niro, Apple, Rolling Stone Organizations: Trump, Variety, Cannes Film, Gotham, De Locations: New York City

☆ I've lived in LA, San Francisco, NYC, and Chicago. I thought moving to LA would be easy, but there are 5 things I hate about living here.
▼ + stars: | 2024-05-30 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

I moved to Los Angeles about five years ago from San Francisco, and I previously lived in New York City and Chicago. LA lacks great parks compared to other cities like San Francisco and New York City. It doesn't feel urban the way cities like NYC or SF do — I don't feel an urban buzz or excitement. I don't feel any sense of communityI don't feel a strong sense of community in LA. Because it's such a driving culture, I don't interact with people as much as I do in other cities I've lived in.

Persons: —, Stevie Howell, It's, I've, Frederic Olmstead, Manseen Logan Organizations: Service, Business, San Francisco and New Locations: Los Angeles, San Francisco, New York City, Chicago, California, LA, Venice, San Francisco and, San Francisco and New York City, Southern California, mlogan@businessinsider.com

☆ CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. ConocoPhillips CEO Ryan Lance said the deal would immediately grow ConocoPhillips' earnings, cash flow and shareholder returns after the deal closes in the fourth quarter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Ryan Lance, Robert Isom, Vasu Raja, Raja, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, ConocoPhillips, Oil, American Airlines, Dow Locations: New York City, Disney, Texas , New Mexico, North Dakota

☆ Trump trial live updates: Jury to re-hear David Pecker testimony on second day of deliberations
▼ + stars: | 2024-05-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Editor's note: This is developing news and will be updated throughout the day. The 12-member jury also has asked to re-hear the instructions on the law it received Wednesday from Manhattan Supreme Court Judge Juan Merchan before they began their first day of deliberations. The judge sent them home for the day after saying they would hear those requests on Thursday. Prosecutors, and Cohen, say that hid the fact that it was actually to prevent Daniels from harming Trump's then-wobbling campaign. "Mother Teresa could not beat these charges," Trump told reporters after jurors began deliberating Tuesday.

Persons: David Pecker, Emil Bove, Donald Trump's, Stormy Daniels, Donald Trump, Trump's, Michael Cohen, Juan Merchan, Trump, reimbursements, Cohen, Daniels, Teresa, Joe Biden Organizations: Republican, Manhattan, Prosecutors Locations: Manhattan, New York City, U.S, New York, Pecker's

☆ Trump embarks on a fundraising juggernaut after his conviction on 34 felony counts
▼ + stars: | 2024-05-30 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

But while Trump's small-dollar donors mobilize amid new Trump campaign ads labeling the former president a "political prisoner," Trump himself is gearing up to raise big money from wealthy Republicans. Trump campaign aides said late Thursday that it was unclear exactly how much the campaign had raised that day from small-dollar donors, but it was enough that the campaign's donation website crashed intermittently. Banks, a veteran Trump ally, told CNBC that Helberg is bridging the gap between Silicon Valley, Washington, D.C., and the defense industry. "I hope he'll play a big role in President Trump's second term and I look forward to seeing him in Milwaukee," Banks said. Helberg recently told The Washington Post that he gave $1 million in support of Trump after years of backing Democrats.

Persons: David Sacks, Chamath, Trump, Donald Trump, Joe Biden's, Barack Obama, Bill Clinton, Biden, Jacob Helberg, Alex Karp, Helberg, Palmer Luckey, Tommy Tuberville, Bill Hagerty, Jim Banks, Banks, Trump's, Hagerty Organizations: CNBC, Trump, Republicans, Hamptons, Republican, Madison, Republican National Convention, Garden, MSG, Radio City Music, NBC News, Democratic Party, Anduril Industries, D.C, Press, Anduril, Republican National Committee, Washington Post, Biden, Fund, Commission, America Locations: San Francisco, Texas, California, New York, New York City, Manhattan, Milwaukee, Sens, Ohio, Silicon Valley , Washington, United States, China, Israel

☆ CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China

☆ Photos Show Strength of Asian American Activism Throughout US History
▼ + stars: | 2024-05-30 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +12 min

The term "Asian American" was first coined in 1968 amid the rising voices of the Third World Liberation Front student movements in California. With tensions from protests against the Vietnam War and calls for universities to invest in ethnic studies programs, the Asian American identity was born out of advocacy for multiethnic unity among the Asian diaspora. Historical photographs showcase the history of Asian American resistance movements from the 1960s to the 1980s, demonstrating the strength and resilience of the Asian American community among tenants, students, and laborers. For the next five years, Filipino and Mexican American workers continued to strike for economic justice for all farm workers. AdvertisementThe same year, Yuji Ichioka and Emma Gee, both graduate students and key organizers of the Asian American Political Alliance, coined the term "Asian American."

Persons: Delano, Cesar Chevez's Huelga, Julio Hernandez, Larry Itliong, Cesar Chavez, Gerald French, Chavez, Ted Streshinsky, Slava J, Garth Eliassen, Yuji Ichioka, Emma Gee, Dave Randolph, Sheriff Richard Hongisto, Terry Schmitt, Emil de Guzman, May Chen, Walter Leporati, Chol Soo Lee, Yip Yee Tak, Lee, John O'Hara, Chol, Lee's, Jerry Telfer, Vincent Chin, Vincent, Lily Chin, Detroit . Chin, Ronald Ebens, Michael Nitz, Ebens, Helen Zia, Victor Yang, Chin, Chin's Organizations: Liberation, Business, American, Agricultural Labor, Committee, Delano, Getty, Labor, National Farm Workers Association, United Farm Workers, Migratory Labor, National Farm Workers, University of California, University of California Regents, Black Student Union, UC Berkeley, Asian American Political Alliance, San Francisco State University, San Francisco Chronicle, San Francisco, . Police, Chinatown Community Development Center, Manilatown Heritage Foundation, Images Garment Worker, Ladies Garment Workers Union, International Ladies Garment Workers Union, San, Korean American Journalists Association, Asian, Lee Defense, Hall of Justice, The, American Citizens, Justice, Department of Justice, FBI Locations: California, Vietnam, Asia, San Francisco, Mexican, Bakersfield , California, Spanish, Washington, Delano, Sacramento, American, Berkeley, Berkeley , California, Africa, America, San, Los Angeles, Kearny, New York, Chinatown, Columbus, councilmen, San Quentin, Detroit ., Detroit

☆ Jeep reveals all-electric Wagoneer S in EV offensive, starting at $72,000
▼ + stars: | 2024-05-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

2024 Jeep Wagoneer S EV JeepNEW YORK – The first all-electric Jeep SUV for the U.S. will be the Wagoneer S, starting at about $72,000 when it's scheduled to go on sale this fall. The $71,995 starting price of the Wagoneer S EV sits between gas-powered versions of the Wagoneer, starting at about $63,000, and more luxurious Grand Wagoneer, starting at roughly $92,000. 2024 Jeep Wagoneer S EV JeepHe also said the company will release electric, extended-range versions of the traditional gas-powered Wagoneer and Grand Wagoneer in 2025. 2024 Jeep Wagoneer S EV "R-Wing" JeepDespite sharing the "Wagoneer" name with Jeep's current gas-powered model, the five-passenger, two-row EV shares little with its three-row traditional internal combustion engine counterpart other than some Jeep styling. Stellantis design chief Ralph Gilles during the unveiling of the Jeep Wagoneer S EV on May 30, 2024 in New York City.

Persons: Antonio Filosa, Filosa, Michael Wayland, Jeep, Carlos Tavares, Tavares, " Tavares, Massimo Pinca, Wagoneer, Ralph Gilles, Stellantis, Gilles Organizations: EV, CNBC, Reuters, Cherokee, CNBC Stellantis, U.S, Jeep Locations: U.S, North America, Turin, Italy, PHEVs, Europe, Mexico, New York City

☆ False right-wing reports about Trump trial jury instructions fuel threats against judge
▼ + stars: | 2024-05-30 | by ( Ryan J. Reilly | ) www.cnbc.com time to read: +4 min

False reports about the jury instructions in former President Donald Trump's hush money trial have been spreading across right-wing media, leading to threats against the judge overseeing the case. Those "unlawful means" aren't charges themselves and would not result in separate convictions, so jurors do not have to unanimously agree on them. The jury instruction was complex and nuanced and some right-wing accounts ran with false reports. On X, after a right-wing influencer asked followers who among them wanted to see Merchan locked up for treason. In August, Trump supporters posted the names and addresses of the Fulton County grand jurors who indicted Trump and 18 of his co-defendants.

Persons: Juan Merchan, Donald Trump's, Stormy Daniels, Donald, Trump, That's, Merchan, influencer, Alice, Wonderland, Rickey Walter Shiffer, Trump's, Joe Biden, General Merrick Garland, Biden Organizations: Republican, Fox News, Federal, System, Democratic Socialist Elites, Fox, Trump, FBI Locations: Manhattan, New York City, U.S, Fulton, Cincinnati

☆ Trump slams trial as 'rigged, disgraceful' after he is found guilty on all counts
▼ + stars: | 2024-05-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump arrives to court for his hush money trial at Manhattan Criminal Court in New York City on May 30, 2024. Former President Donald Trump called his criminal hush money trial a "disgrace" on Thursday, after a New York jury found him guilty on all 34 criminal counts of falsifying business records. "This was a rigged, disgraceful trial," Trump told reporters outside the courtroom in Manhattan Supreme Court. With the jury's unanimous verdict, Trump became the first former U.S. president ever to be convicted of a crime. "May 30th, 2024 might be remembered as the day Donald J. Trump won the 2024 Presidential Election," wrote Eric Trump, one of the former president's two adult sons, on X.

Persons: Donald Trump, Trump, Attorney Alvin Bragg, Bragg, Donald J, Eric Trump, Trump's, Michael Cohen, Cohen Organizations: U.S, Manhattan Criminal, New, Truth, Manhattan, Attorney, Trump, Republican Locations: New York City, New York, Manhattan, U.S

☆ Live Updates: Jury to Review Testimony as Deliberations Resume in Trump Trial
▼ + stars: | 2024-05-30 | by ( Jesse Mckinley | ) www.nytimes.com time to read: +6 min

Mr. Bragg has accused Mr. Trump of concealing a federal campaign finance violation and a state election-law crime. The defense argued that Mr. Trump was a victim of extortion, led by Mr. Cohen. The defense’s main witness was a lawyer linked to Mr. Trump’s circle, Robert J. Costello, who in 2018 had acted as Mr. Cohen’s back channel to Mr. Trump’s legal team. The maximum sentenceThe charges against Mr. Trump are all Class E felonies, the lowest category of felonies in New York. But nothing in the law requires Justice Merchan to imprison Mr. Trump if he’s convicted by a jury.

Persons: Donald J, Trump, Stormy Daniels, Trump’s, Michael D, Cohen, Daniels, Alvin L, Bragg, Juan M, Karen McDougal, Playboy’s, ”, McDougal, Cohen’s, Hope Hicks, Mr, Robert J . Costello, Merchan, Justice Merchan Organizations: Prosecutors, The National Enquirer, Trump Tower, White, Trump, Defense, Mr Locations: New York City, Manhattan, Nevada, New York

☆ Here are the portfolio's top 5 performing stocks since April's Monthly Meeting
▼ + stars: | 2024-05-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The latter fact is on display in our list of top-five performing portfolio stocks since the April 24 close through Wednesday's close, the eve of our May meeting. The chipmaker jumped 44.1% since April's Monthly Meeting. 4, Eli Lilly stock jumped 10.8% since our April 24 meeting. A slew of promising AI announcements helped fuel the stock's strong performance since the April meeting. More broadly, Broadcom has been one of the portfolio's biggest beneficiaries of the AI trade.

Persons: Dow, Jim Cramer, we're, Jim, Costco, Eli Lilly's, Eli Lilly, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow Jones Industrial, Nvidia, Apple, China Academy of Information, Communications Technology, iPhone, Bank of America, Costco, Costco Wholesale, Walmart, Club, Broadcom, CNBC, Traders, New York Stock Exchange, Getty Locations: Wednesday's, China, U.S, Google's, New York City

☆ Best Buy posts another quarter of sluggish consumer electronics demand
▼ + stars: | 2024-05-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

A Best Buy store stands outside of a Brooklyn mall on August 29, 2023 in New York City. Best Buy on Thursday missed Wall Street's quarterly sales expectations, but stressed higher profits and lower costs as softer demand for consumer electronics continues. Adjusting for one-time items, including restructuring charges, Best Buy reported earnings of $1.20 per share. She did not specify the number of layoffs, but said Best Buy would invest in areas that could drive growth, like artificial intelligence. Best Buy on Thursday adjusted its full-year capital expenditures forecast to an estimate of $750 million, down from as much as $800 million.

Persons: Corie Barry, Barry, Matt Bilunas Organizations: LSEG, Apple, Microsoft Locations: Brooklyn, New York City, U.S, Minneapolis

☆ Apollo CEO Marc Rowan defends private credit from Jamie Dimon, saying shadow banking 'makes the system safer.'
▼ + stars: | 2024-05-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Tighter bank lending means more opportunities for private lenders to lend and make outsize returns on their loans. Financial industry titans Jamie Dimon and Marc Rowan have been trading opposing views on the burgeoning sector for the last year. Last year, Rowan responded to Dimon's comments that higher capital requirements for banks had private lenders like Apollo "dancing in the streets." AdvertisementRowan on Thursday responded by saying that the private-credit industry helps reduce systemic risk caused by the traditional banking industry. "Jamie is an amazing representative of the banking industry," Rowan said.

Persons: —, Jamie Dimon, Marc Rowan, Dimon, JPMorgan Chase, Rowan, Apollo, Jamie, Blackstone, — I've, Bernstein, Dimon's Organizations: Service, Financial, JPMorgan, Business, Bank of America Global Research, Apollo Locations: New York City

☆ 10 U.S. cities where homeowners pay more than renters, according to data from SmartAsset—6 are in California
▼ + stars: | 2024-05-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

New York City is the No. 10 city where homeowners are paying more than renters, according to a May SmartAsset report. The report assessed the difference in monthly costs between owning a home and renting in 343 cities with a population of over 100,000 people. In the top two cities, Berkeley and California, owning costs are up to $2,000 or more per month compared to renting. Homeowners in these areas often pay twice as much as renters, the report states.

Organizations: New, Survey Locations: U.S, New York City, California, Berkeley

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