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☆ Some Prominent Silicon Valley Investors Shift to the Right
▼ + stars: | 2024-05-23 | by ( Erin Griffith | ) www.nytimes.com time to read: +1 min

At a tech conference last week, Mr. Sacks said his view had changed. Such public support for Mr. Trump used to be taboo in Silicon Valley, which has long been seen as a liberal bastion. But frustration with Mr. Biden, Democrats and the state of the world has increasingly driven some of tech’s most prominent venture capitalists to the right. (He is set to co-host the fund-raiser for Mr. Trump alongside Mr. Others, like Marc Andreessen of Andreessen Horowitz and Shaun Maguire of Sequoia Capital, have criticized Mr. Biden without expressing support for Mr. Trump.

Persons: David Sacks, Donald J, Sacks, “, Biden, Trump, Mr, Marc Andreessen, Andreessen Horowitz, Shaun Maguire, Keith Rabois Organizations: U.S . Capitol, Trump, Mr, Social Capital, Sequoia Capital, Khosla Ventures, Republicans, Congress Locations: Silicon Valley

☆ Markets could see more short-term 'stumbles' into the end of May, says G Squared's Victoria Greene
▼ + stars: | 2024-05-23 | 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 EmailMarkets could see more short-term 'stumbles' into the end of May, says G Squared's Victoria GreeneVictoria Greene, G Squared Private Wealth founding partner, and Keith Lerner, Truist Co-CIO, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Victoria Greene Victoria Greene, Keith Lerner, Truist Organizations: Private Wealth

☆ Trump’s trial reaches crescendo as tempers fray in the courtroom
▼ + stars: | 2024-05-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The presumptive Republican nominee’s lawyers made a long-shot bid for the dismissal of his first criminal trial before the jury has even been asked to deliberate. And he implored Merchan not to hand jurors a case so reliant on testimony from Cohen, a confessed liar. Key developmentsMonday’s court action at times threatened to spin out of control — in a way that only a Trump trial can. “I know it may feel like you’re on trial here after cross-examination, but are you actually on trial?” she asked Cohen. Courtroom chaosVeteran lawyers and court reporters said they’d never seen anything like the scene precipitated by defense witness Robert Costello.

Persons: Donald Trump’s, Juan Merchan, Michael Cohen, sensationally, ’, Todd Blanche, Trump, Stormy Daniels, Merchan, Cohen, ” Blanche, ”, “, Blanche, he’d, ” Trump, Daniels, won’t, —, Matthew Colangelo, Colangelo, Keith Schiller, Susan Hoffinger, LaDoris Hazzard Cordell, Jake Tapper, they’d, Robert Costello, Costello, there’s, ” Merchan, ” Cordell, Tapper, Bob Costello, I’ve, Terri Austin, CNN’s Erin Burnett, we’ll Organizations: CNN, Republican, Trump, Republican Party, Trump Organization, “ Locations: Merchan, Trump, Manhattan

☆ Options traders increased bets on GameStop weeks before its price spiked, setting up for gains near 1,000%. Here's the strategy behind it and the probability of it happening again.
▼ + stars: | 2024-05-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Those strike prices were substantially higher than the stock's price, which was trading between $10 to $16.50 that week. But what Sosnick found interesting was that the open interest went up faster for the $30 strike calls, signaling an expectation that the price would really rally this time. The table below shows the rise in open interest on strike calls of 20, 25, and 30 set to expire by May 17 and the price of the contracts. AdvertisementTom Sosnoff, the cofounder of Thinkorswim and Tastytrade, says there's probably a reasonable explanation behind the rise of open interest in GME. As for the rise of open interest on the 30-strike price, he attributes it to the cheapness of those contracts relative to the other strikes rather than a function of price prediction.

Persons: Keith Gill's, Roaring, Gill, Steve Sosnick, Sosnick, GME, Tom Sosnoff, there's, you'd, Sosnoff Organizations: GameStop, Social, Interactive, Traders Locations: GME

☆ The decision to sell your home vs. rent it out is 'complicated,' experts say — what to know
▼ + stars: | 2024-05-21 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

A "For Rent" sign is posted near a home in Houston, Texas, on Feb. 7, 2022. Many Americans are sitting on low-interest-rate mortgages and could face a decision when it's time to move: sell or rent out their existing property. By comparison, the average 30-year fixed-rate mortgage was around 7% in May. That makes qualifying for a second mortgage harder, especially without tapping equity from your original property, Gumbinger said. Plus, if you're using rental income to qualify for the second mortgage, lenders typically only consider 75% of your proceeds, Gumbinger said.

Persons: Keith Gumbinger, Homeownership, Gumbinger, homebuyers Organizations: Federal Housing Finance Agency, Finance, Trump, National Association of Realtors Locations: Houston , Texas

☆ Opinion: Trump’s defense got one last shot at Michael Cohen. Did they make their case?
▼ + stars: | 2024-05-21 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +8 min

CNN —The biggest drama in the trial of former President Donald Trump on Monday came not, as expected, in the cross-examination of former Trump attorney Michael Cohen. His testimony wrapped without any moments approaching the significance of last week’s defense hits on the star witness. Cohen had already admitted that he lied to Costello, and indeed lied more broadly to protect Trump before cooperating with the government. But Cohen has already testified that he lied about Trump’s knowledge of the payment to Daniels before cooperating with prosecutors. It culminated before the lunch break with a bit of razzle- dazzle to bolster Cohen’s testimony about what happened on that phone call with Schiller and Trump.

Persons: Norman Eisen, “, Donald Trump, Trump, Michael Cohen, — Robert Costello, Cohen —, audibly, Juan Merchan, Costello, ” Merchan, cautioning, ’, …, ” Costello, Merchan, Norm Eisen, Cohen, chastising Costello, Stormy Daniels, Daniels, Todd Blanche, Blanche, Keith Schiller, Schiller, —, Trump’s, ”, Susan Hoffinger, Perry Mason Organizations: CNN, Monday, Trump, Trump Organization, SPAN, Twitter, Facebook Locations: Trump’s Manhattan, Tampa , Florida

CNN —The defense rested its case in Donald Trump’s criminal hush money trial on Tuesday after roughly 90 minutes of testimony – and without the former president taking the stand. Here are takeaways from the final day of testimony in the Trump hush money trial:Trump doesn’t take the standOver the last several months, Trump repeatedly teased that he would take the stand in his own defense. “That was a lie,” Blanche alleged of Cohen’s testimony he spoke to Trump about moving forward with the hush money deal. Prosecutor Susan Hoffinger also tried to remind jurors that it was Trump – not Cohen – who was on trial in this case. In their first meeting, Costello said Cohen was “absolutely manic” and suicidal after the FBI raid on his properties.

Persons: Donald Trump’s, Robert Costello, Michael Cohen, Trump, Cohen, ” Trump, Todd Blanche, Costello, Sandoval, –, Jean Carroll, Donald J, Stormy Daniels, Karen McDougal, Cohen –, Trump’s, Blanche, Keith Schiller, Schiller, Daniels, ” Blanche, Keith, ” Cohen, Prosecutors, Susan Hoffinger, Trump –, ” Hoffinger, “, Juan Merchan, ” Merchan, Merchan, ” Costello, Emil Bove, Bob, Donald Trump, ”, scold Costello, Hoffinger, Rudy Giuliani, Mercahn Organizations: CNN, FBI, Publicly, Trump, New, Mr, Giuliani Locations: Wisconsin, New York, Florida

☆ Live Updates: Trump’s Lawyers Are Expected to Rest Case in Criminal Trial
▼ + stars: | 2024-05-21 | by ( Matthew Haag | ) www.nytimes.com time to read: +6 min

Here are five takeaways from Mr. Trump’s 19th day on trial. Last week, Todd Blanche, Mr. Trump’s lead lawyer, confronted Mr. Cohen about a phone call on Oct. 24, 2016. After cross-examination, prosecutors sought to introduce a photo showing Mr. Trump with Mr. Schiller that was taken about the same time as the call. He tried to raise questions about other calls that Mr. Cohen said he placed to Mr. Trump around the time of the hush-money payment. Mr. Cohen, Mr. Trump’s combustible former lawyer and fixer, never lost his temper, despite admitting all manner of bad behavior.

Persons: Michael D, Cohen, Donald J, Trump, sully, Juan M, Merchan, Stormy Daniels, Daniels, Trump’s, Robert Costello, Costello, “, ”, Justice Merchan, Mr, . Costello, ” Prosecutors, Todd Blanche, —, Keith Schiller —, Schiller, Cohen’s, Blanche, Susan Hoffinger, ” Cohen, Dave Sanders Organizations: Mr, Defense, Trump Organization, The New York Times Locations: Manhattan, Lake Tahoe, Nev

☆ Stock futures are little changed after Nasdaq Composite hits all-time high: Live updates
▼ + stars: | 2024-05-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Monday night after the technology-heavy Nasdaq Composite closed at an all-time high. Dow Jones Industrial Average futures lost just 27 points, while S&P 500 futures also sat near its flatline. Those moves come after a mixed day on Wall Street. But the blue-chip Dow slipped almost 200 points, or 0.5%. Monday's action follows a notable week on Wall Street amid renewed hopes about the state of inflation and monetary policy.

Persons: Dow, Jamie Dimon, Keith Buchanan, Christopher Waller, Tom Barkin, Raphael Bostic Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, Palo Alto Networks, LSEG, Nvidia, JPMorgan, Globalt Investments, Federal, Richmond Fed, Atlanta Fed, Traders

☆ Stakes are high for prosecutors to rescue Cohen testimony as Trump trial enters endgame
▼ + stars: | 2024-05-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Defense lawyers say they expect to complete their bruising cross-examination of Cohen, Trump’s former lawyer and enforcer, on Monday morning. In dramatic testimony, Cohen last week directly implicated Trump in the alleged scheme, saying the former president directed him to hand over $130,000 to Daniels and promised him reimbursement. With the end of Cohen’s testimony looming, there is uncertainty over the extent of Trump’s defense case. Blanche referred to the possibility of Trump’s testimony on Thursday, the last day the court was in session. After the defense case wraps up, the prosecution has a chance to put on its own rebuttal.

Persons: Donald Trump’s, Michael Cohen —, Cohen, Trump’s, Trump, Stormy Daniels, Daniels, ” Cohen, Todd Blanche, Keith Schiller, Blanche, President Trump, Schiller, ’, Randy Zelin, Republican nominee’s, Joe Biden, Mike Johnson, — Bradley Smith, Judge Juan Merchan, Merchan, Smith, —, backtrack, “, ” Blanche, Arthur Engoron, president’s, Engoron Organizations: CNN, Prosecutors, Trump, Cornell Law School, Central ”, Republican, Louisiana Republican, Republicans, Commission Locations: New York, Lago, Manhattan, Louisiana, Lake Tahoe

Once Mr. Trump was elected, he agreed to repay Mr. Cohen for the $130,000 hush-money deal and more. And at a meeting in Trump Tower just weeks before he was sworn in, Mr. Trump signed off on the fakery, Mr. Cohen recounted from the stand. “What, if anything, did Mr. Trump say at that time?” a prosecutor asked Mr. Cohen. There, he said, Mr. Trump’s chief financial officer, Allen Weisselberg, explained how Mr. Trump would reimburse Mr. Cohen for the payoff. To reach Mr. Trump, Mr. Cohen testified, he called the candidate’s bodyguard, Keith Schiller.

Persons: Donald J, Todd Blanche, Blanche, Michael D, Cohen, Trump, Trump’s, —, Alvin L, Bragg, Cohen —, Marc F, Scholl, ”, ” Mr, Stormy Daniels, Mr, “, Michael M, Joshua Steinglass, Juan M, Merchan —, “ Trump, David Pecker, Pecker, Hope Hicks, Penny, Daniels, Allen Weisselberg, Weisselberg, Susan Hoffinger, Cohen’s, Keith Schiller, Schiller, William K, Rashbaum Organizations: Trump, Mr, Trump “, New, National Enquirer, Playboy, fixer Locations: Manhattan, New York

☆ Trump's hush money verdict hinges on a single piece of paper. See the most important evidence in the case.
▼ + stars: | 2024-05-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"

Persons: —, Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia

☆ Insider Today: Google's big shakeup
▼ + stars: | 2024-05-19 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. If you're interviewing for a job in the coming weeks, check out these five questions to ask at the end. Roaring Kitty; Getty Images; Alyssa Powell/BIThis week's dispatchInvestors go back to the futureAdvertisementStocks hit record highs. And with bitcoin hovering near record highs and the crypto winter seemingly behind us, crypto companies are on the front foot once more. Erdinhasdemir/Getty Images, Choness/Getty Images, Abanti Chowdhury/BIThe hottest jobs right now are blueWant a six-figure salary?

Persons: —, Kitty, Alyssa Powell, Keith Gill, Brandon Celi, Abanti Chowdhury, Jobs, Richard A, Rick Doblin, Sundar Pichai Mateusz, Chelsea Jia Feng Google's, shakeup, Sundar Pichai, Pichai, Adam Selipsky's Organizations: Service, Business, Dow, Consumers, Walmart, UPS, FDA, Getty Images, Google, Amazon Locations: Ukraine, East, Silicon

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Market sets record — Breaking down whether the bulls are in the clear or a peak is imminent
▼ + stars: | 2024-05-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

You can't argue with a market making new record highs, though it's fair game to interrogate the tape about its assumptions and intentions. With the Dow Jones Industrial Average closing above 40,000 for the first time Friday and the S & P 500 settling above 5,300 after hitting a fresh all-time high Wednesday, the advice of history suggests not overthinking it. Keith Lerner, strategist at Truist, marks up a long-term S & P 500 chart to show times when it was at an all-time high. Brian Belski, strategist at BMO, last week lifted his year-end S & P 500 target to a Street-high 5,600 . And, quite remarkably, the stock market low of October 2022 occurred at an S & P 500 forward P/E above 15, with unemployment below 4% and in mid-economic expansion.

Persons: Stocks, Keith Lerner, Ned Davis, Brian Belski, Leuthold, Doug Ramsey Organizations: Treasury, Dow Jones, Dow, Ned Davis Research, Investment, Bank, Federal, BMO, Citi U.S, Vegas, Fed, Leuthold Locations: U.S

☆ A millennial CEO launched a fully remote tech company. He says hybrid work is the worst of both worlds.
▼ + stars: | 2024-05-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "The point of it was to be silly and to put people in different environments and situations where they could create new networks and pathways to people in the company," Pitt said. 'It's easy to look busy'Another way the company tackles remote work for an employee base spread around the world is to cluster some functions. Rather than dwelling on where workers work, a big focus is on developing trust, Pitt said. AdvertisementAnd, Pitt said, if workers care about the mission, it doesn't matter whether they work in an office or from afar.

Persons: —, Keith Pitt, Pitt, zaniness, hybrid's, Buildkite Pitt, Slack, Buildkite, I'm Organizations: Service, Business, Buildkite, Pitt, IRL, Workers Locations: Buildkite, Perth, Australia

☆ Opinion: I changed my mind about the strength of the prosecution’s case against Donald Trump. Here’s why
▼ + stars: | 2024-05-18 | by ( Opinion Stacy Schneider | ) edition.cnn.com time to read: +6 min

The heated exchange between Trump’s attorney Todd Blanche and Cohen marked the biggest blow to the prosecution’s case so far. But the DA also must prove the actual business records crime, for which Trump has been charged with 34 counts of falsifying business records in the first degree. How I see it, Cohen’s testimony only satisfied half the equation beyond a reasonable doubt. Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense. If so, there would have been no intent to falsify the business records.

Persons: Stacy Schneider, Michael Cohen, Donald Trump, Cohen, Trump, Todd Blanche, Stormy Daniels, David Pecker, Keith Davidson, Daniels, Hope Hicks, Trump’s, Allen Weisselberg, Weisselberg, Juan Merchan, Pecker, won’t, Madeleine Westerhout Organizations: CNN, Attorney’s, Trump, American Media Inc, Trump Organization, Twitter, Facebook, DC Locations: Manhattan, New York

☆ GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
▼ + stars: | 2024-05-17 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

GameStop shares tumbled more than 20% premarket Friday after the video game retailer said it plans to sell additional shares and reported preliminary results that showed a drop in first-quarter sales. In a new regulatory filing, the video game retailer said it will sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief revival of the meme stock trade. Meanwhile, in a separate statement, GameStop said it now expects net first-quarter sales in the range of $872 million to $892 million, down from around $1.24 billion in the same quarter last year. GameStop's first-quarter net loss is expected to be between $27 million and $37 million, narrower than a net loss of $50.5 million in the year-earlier period.

Persons: FactSet, GameStop's, Keith Gill Organizations: GameStop

☆ Biden’s tariffs on Chinese imports are boosting these beaten-down stocks
▼ + stars: | 2024-05-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%. Plug Power shares have climbed 33%, Enphase Energy shares have gained 8% and NextEra Energy shares have added 4%. Some investors warn that though the tariffs could continue boosting clean energy stocks, the recent rally isn’t driven by just improving fundamentals. Damaging hacks expose the weak underbelly of America’s health care systemA pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers, reports my colleague Sean Lyngaas.

Persons: New York CNN — It’s, Joe Biden, CNN’s Kayla Tausche, ”, Steve Sosnick, Roaring Kitty, Keith Gill, Dow, Nicole Goodkind, stoking, Gary Pzegeo, ” Read, Sean Lyngaas, cybersecurity, ” Joshua Corman, Sen, Ron Wyden Organizations: CNN Business, Bell, New York CNN, Clean Energy, Enphase Energy, NextEra Energy, Biden, Federal Reserve, Interactive Brokers, CNN, GameStop, AMC Entertainment, Roaring, Dow Jones Industrial, Nasdaq, Markets, Bureau of Labor Statistics, CIBC Private Wealth, “ Industry, Oregon Democrat Locations: New York, China

☆ Michael Cohen gives Donald Trump his best day in hush money trial so far
▼ + stars: | 2024-05-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump finally had a good day in court. But on Thursday, he got to savor his former fixer-turned-enemy Michael Cohen wobbling on the stand under a fearsome cross-examination. And now, the prosecution faces a stiff challenge in repairing the damage when they get to their redirect examination of Cohen’s testimony following the close of cross-examination next week. “I think it was a very interesting day, it was a fascinating day. And it also raises the possibility that some jurors might believe that they have been lied to by Cohen earlier in the trial.

Persons: Donald Trump, Michael Cohen wobbling, Cohen, Stormy Daniels, “, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Matt Gaetz, Trump, Todd Blanche, Blanche, Daniels, ’, Keith Schiller, Schiller, …, ” Blanche, President Trump, doesn’t, ”, Juan Merchan, Nikki Lotze, “ Jim, Norm Eisen, ” Eisen, CNN’s Anderson Cooper, George Conway, ” Cohen, kingpins, Cohen’s Organizations: CNN, GOP, Trump, NYU Law, Florida, Conservative

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

Here are the takeaways from Day 18 of the Trump hush money trial:A heated confrontation over a key phone callIt took several hours of cross-examination before Blanche finally turned to the evidence directly related to the case. Blanche says the texts show that at 8:04 p.m. Cohen texted Schiller the phone number of the teenager prank calling him. “Was it true for just that phone calls, or was it true for other phone calls too?”“You just said you don’t recall a phone call back in 2016. “Because these phone calls are things that I have been talking about for the last six years. There’s also the possibility, as CNN has reported, that former Cohen attorney Bob Costello could appear.

Persons: Donald Trump, Todd Blanche, Michael Cohen, Trump, Stormy Daniels, Blanche, Cohen, Keith Schiller –, Daniels, Barron, Blanche finally, Schiller, “, ”, ” Blanche, Cohen texted Schiller, Keith Schiller, ” Cohen, Keith, ” “, it’s, he’s, Darrell Scott, –, Trump’s, Jean Carroll, Blanche quizzed, Maggie Haberman –, Susan Necheles, Susan Hoffinger, Merchan, There’s, Bob Costello, Costello Organizations: CNN, Trump, Mr, White, Congress, New, New York Times, Prosecutors Locations: Trump, White, New York, summations

☆ Lerner: Not surprising to see stocks hitting fresh record highs
▼ + stars: | 2024-05-16 | 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 EmailLerner: Not surprising to see stocks hitting fresh record highsKeith Lerner, Co-Chief Investment Officer and Chief Market Strategist at Truist Wealth, discusses the market momentum as inflation shows signs of easing.

Persons: Lerner, Keith Lerner Organizations: Truist

☆ Trump lawyer yells at Michael Cohen in cross-examination over call about Stormy Daniels
▼ + stars: | 2024-05-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Michael Cohen, a former attorney for Republican presidential candidate and former U.S. President Donald Trump, heads to court for second day of cross-examination at Trump's criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, New York City, U.S., May 16, 2024. A defense attorney for Donald Trump yelled at prosecution witness Michael Cohen during cross-examination about a 2016 phone call at issue in the former president's criminal hush money trial. The defense lawyer, Todd Blanche, demanded that Cohen tell him whether Cohen had lied during direct examination in saying he made an Oct. 24, 2016, call to Trump to reveal he had gotten porn star Stormy Daniels to agree not to go public with her claim of having sex with Trump. Blanche confronted Cohen with text messages from that same day which suggested he was calling then-Trump Organization security chief Keith Schiller that night because of concerns about harassing text messages Cohen was receiving as Trump ran for president that year. "I believe I also spoke to Mr. Trump about the Stormy Daniels matter," Cohen told Blanche in Manhattan Supreme Court.

Persons: Michael Cohen, Donald Trump, Stormy Daniels, Todd Blanche, Cohen, Blanche, Keith Schiller, Trump, Daniels Organizations: Republican, Trump, Trump Organization Locations: New York City, U.S, Manhattan

☆ Reddit users are questioning if it's really Keith Gill behind the memes that sparked the latest GameStop rally
▼ + stars: | 2024-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Reddit users this week have been questioning whether Keith Gill was behind Roaring Kitty's recent social media posts. The Roaring Kitty X account started tweeting for the first time in three years on Sunday, sparking a revival in GameStop stock. Reddit users have been speculating and debating the question since Gill's @TheRoaringKitty X account made its first post in three years on Sunday. AdvertisementGill did not reply to a request for comment sent by Business Insider via his other social media accounts. I'm sure we'll the the truth of the matter of who's running the account soon enough," another Reddit user said.

Persons: Keith Gill, Kitty, —, Gill, wasn't, @SCHL0MS, Polymarket, It's, Steve Sosnick Organizations: GameStop, YouTube, Service, Lamborghini, Google, Business, Polymarket, Remilia Corporation, Remilia, Interactive Locations: @TheRoaringKitty

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