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☆ Trump must 'immediately' schedule a pre-sentence interview with NYC probation. Playing hooky may add to his legal woes.
▼ + stars: | 2024-06-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Advertisement"The clerk of the court will give you instructions on how to go about scheduling that probation interview and getting that probation report," the judge said. But Trump won't do a penitent probation interview — or any at all, Kuby predicted. Advertisement"If he wants to show remorse, then certainly the probation report is a good place to start doing that," he added. During the first part of the interview, Trump would be asked for standard, so-called "pedigree" information — name, aliases, address, profession, marital status, that kind of thing. During the rest of the interview, Trump would be offered the chance to speak about his conviction and make a plea for leniency.

Persons: —, Donald Trump, Juan Merchan, Blanche, Trump, Todd Blanche, Susan Necheles, Emil Bove, Diana Florence, I've, Ron Kuby, Kuby, Merchan, Angel Rodriguez, Rodriguez, Christine Cornell, …, Arnold Levine, He'd, Levine, Florence Organizations: Service, New York City Department, Investigation, Business, Unit, Trump, Attorney's, BI, Avenues, Justice, Legal Aid Society, New, Defense Task Force Locations: New, Merchan's, Manhattan, Florence

☆ Trump's hush money trial won't be G-rated: Stormy Daniels will have no choice but to testify about affair, experts say
▼ + stars: | 2024-04-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Things won't really heat up, though, until Stormy Daniels takes the stand in the next few weeks. AdvertisementA court sketch of Donald Trump in court in Manhattan for a pretrial hearing in his hush money case. The Trump hush money trial, from a strictly penal-code standpoint, is a dry disagreement over purportedly cooked books. "The money is called 'hush money' for a reason," said former Manhattan financial crimes prosecutor Diana Florence. Stormy Daniels, in her documentary, "Stormy."

Persons: Donald Trump's, Stormy Daniels, —, Daniels, Donald Trump, Trump, Ron Kuby, Jane Rosenberg What's, Kuby, Diana Florence, they'll, United States —, Florence, Stephanie Clifford, Todd Blanche, Susan Necheles, Timothy A, Clary, didn't, Jean Carroll, Carroll, Shawn Crowley, Judge Lewis Kaplan, Tiny, Spencer Platt, month's, Clifford, he's, who's Organizations: Trump, Service, Trump —, Trump Organization, Prosecutors, United, Reuters, Gentlemen, Twitter Locations: Manhattan, Tahoe, Lake, Trump, United States, Baton Rouge , Louisiana, Florence, umm

☆ Rudy Giuliani creditors come together for the embattled former mayor's first bankruptcy hearing
▼ + stars: | 2024-01-20 | by ( Jake Offenhartz | Associated Press | ) www.businessinsider.com time to read: +4 min

A group of people who say Rudy Giuliani owes them money gathered for his first bankruptcy hearing. Some of Giuliani's creditors have expressed concern he is taking advantage of the bankruptcy process. During Friday's hearing, Giuliani's attorney tried to convince the bankruptcy judge, Sean Lane, to temporarily lift a stay to allow him to appeal the judgment. AdvertisementSome of Giuliani's creditors have expressed concerns that he is taking advantage of the bankruptcy process to avoid paying his debts. Advertisement"It's an interesting group in its own right: you have a ShopRite worker, election workers, an alleged sex worker," he added.

Persons: Rudy Giuliani, —, Giuliani, Gary Fischoff, patting, Hunter Biden, Biden, Ruby Freeman, Moss, Sean Lane, Lane, Abid Qureshi, cautioning, Ron Kuby, Daniel Gill Organizations: Trump, Service, New, IRS Locations: Georgia, New York City

NEW YORK (AP) — A group of people and businesses who say they are owed money by Rudy Giuliani gathered virtually Friday for the first court hearing since he declared bankruptcy last month after losing a defamation suit to two Georgia election workers. Biden is suing Giuliani, saying he wrongly shared his personal data after obtaining it from the owner of a computer repair shop. The Chapter 11 declaration halted the judgment but also prevented Giuliani from challenging the verdict. During Friday's hearing, Giuliani's attorney tried to convince the bankruptcy judge, Sean Lane, to temporarily lift a stay to allow him to appeal the judgment. “This guy stiffed a lot of workers.”The next hearing is scheduled for Jan. 31.

Persons: Rudy Giuliani, Giuliani, Gary Fischoff, patting, Hunter Biden, Biden, Ruby Freeman, Wandrea, ” Moss, Sean Lane, Lane, ”, Abid Qureshi, cautioning, Ron Kuby, Daniel Gill Organizations: New, IRS Locations: Georgia, New York City

☆ Donald Trump wants to deliver his own NY fraud-trial closing arguments, but the judge would have to let him
▼ + stars: | 2024-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump wants to deliver part of his NY fraud trial closing statements himself, ABC News reported Tuesday. Under state civil-practice rules, defendants can help make closing arguments with court approval. AdvertisementFormer President Donald Trump wants to deliver part of his New York fraud trial closing arguments himself on Thursday, ABC News reported. There would be little downside for the judge in approving Trump's request, he added, noting, "He'd never be reversed on appeal over this." AdvertisementIn delivering closing arguments, Trump would be bound by the same rules as an attorney would, Kuby said.

Persons: Trump, —, Donald Trump, Arthur Engoron, Alina Habba, Ron Kuby, Engoron, Kuby, He'd, Michael Farkas, it's, Farkas, Letitia James, James, Allen Weisselberg, Jeff McConney Organizations: ABC News, Service, New, Trump, New York Law, Civil, New York, Trump Organization, Trump Org Locations: York, New York City, New

[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.

Persons: Brendan McDermid, Eric Kuby, bearish, “, Daniel Kirsch, Piper Sandler, Thomas Hayes, ”, Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru

☆ Major US banks show profit boost, but some caution from consumers
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +5 min

Consumers were starting to deplete savings, the banks said, and Citibank and Wells Fargo noted that losses on credit cards and other debts were starting to rise. Wells Fargo said it was seeing charge-offs, or loans written off, increasing in its credit card portfolio. "Currently, U.S. consumers and businesses generally remain healthy, although consumers are spending down their excess cash buffers," said JPMorgan CEO Jamie Dimon. JPMorgan, Citigroup and Wells Fargo, the first, third and fourth biggest U.S. lenders, respectively, also increased their outlook for NII. Shares of JPMorgan and Wells Fargo rose between 1% and 3%.

Persons: Shannon Stapleton, Wells Fargo, Jane Fraser, Wells, Charlie Scharf, Scharf, JPMorgan Chase, Jamie Dimon, Eric Kuby, Dimon, PNC's NII, Rick Meckler, Saeed Azhar, Nupur Anand, Lewis Krauskopf, Tatiana Bautzer, Sinead Carew, Niket, Manya Saini, Noor Zainab Hussain, Jaiveer Shekhawat, Pritam Biswas, Ann Saphir, Megan Davies, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: JPMorgan Chase's, REUTERS, JPMorgan, Federal, Consumers, Citibank, Valley Bank, Citigroup, U.S, PNC Financial Services, delinquencies, Bank, Citi, North Star Investment Management Corp, JPMorgan Chase, PNC, Cherry Lane Investments, Thomson Locations: New York, Major U.S, Wells Fargo, U.S, Chicago, Wells, Bengaluru, San Francisco

NEW YORK, Sept 27 (Reuters) - As the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead. AQR's analysis showed that trend-following hedge funds tend to outperform when rates are elevated, as they hold large cash positions that benefit from higher rates. Of course, plenty of investors believe the Fed will cut rates as soon as economic growth starts to wobble. Futures tied to the Fed’s key policy rate show investors pricing in the first rate cut in July 2024. Still, he has been holding off on adding to the firm’s holdings of small-cap consumer stocks, wary there may be more market volatility ahead as investors digest higher rates and other factors, including elevated energy prices.

Persons: ”, Jake Schurmeier, Dan Villalon, Keith Lerner, Lerner, Robert Pavlik, Schurmeier, he’s, Eric Kuby, Lewis Krauskopf, David Randall, Carolina, Ira Iosebashvili, Leslie Adler Organizations: Fed, Apple, Nvidia, Treasury, U.S ., Harbor Capital Advisors, AQR Capital Management, Advisory Services, Reuters, Dakota Wealth Management, BofA Global Research, Nasdaq, North Star Investment Management Corp, Thomson Locations: Harbor

☆ Wall St Week Ahead Amid banking woes, faltering US small-caps offer ominous economic sign
▼ + stars: | 2023-05-14 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, May 12 (Reuters) - A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. "Typically in a recession, small caps underperform." Last month it downgraded its view on U.S. small caps from "unfavorable" to "most unfavorable." Some investors are more upbeat about the outlook for small caps, particularly when looking beyond the next several months. One reason is that small caps, being sensitive to economic fluctuations, tend to shine early in a market recovery.

☆ The case against serial liar George Santos is a slam dunk, legal experts say
▼ + stars: | 2023-05-10 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

GOP Congressman George Santos pleaded not guilty Wednesday to 13 counts of campaign-related fraud. Its 20 pages present a "slam dunk" case, and paint Santos as "buffoonish," "delusional," and "The definition of a dumb criminal," they said. "He provided a trail that — I want to say FBI bloodhounds, but FBI cocker spaniels could follow," longtime Manhattan defense attorney Ron Kuby said. Santos' repeated, ongoing lies dragged him into the spotlight — now they could land him behind bars, experts noted. Santos "told a lot of lies on federal documents," another longtime Manhattan defense attorney, Arthur Aidala, said, describing the indictment allegations in a nut shell.

Trump arrived via motorcade at 100 Centre Street, a towering, 1940s-era building faced in limestone, granite, and decades of grime. It's the DA investigators who "book" Trump, a process that begins with the former president emptying his pockets. Prints are run on anyone arrested in New York, and Trump will be no different. No one will check if Trump fibsThe DA investigators will also take Trump's pedigree information — name, date of birth, address, phone number, that sort of thing. "There's a cell in the processing area in the DA investigators' offices," she said.

☆ Trump arraignment: A defiant ex-president reportedly pleads 'not guilty' to felony charges in New York
▼ + stars: | 2023-04-04 | by ( Laura Italiano | Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Trump looked unhappy as he sat in court waiting to hear the charges against him for the first time. The former president pleaded not guilty before New York Supreme Court Justice Juan Merchan. Trump faces 34 felony counts after a probe into a 2016 "hush-money" payment to Stormy Daniels. Trump pleaded not guilty before New York Supreme Court Justice Juan Merchan upon hearing the charges against in him in the 34-count felony indictment. Trump makes his way inside the Manhattan court before his arraignment.

☆ How a Trump arrest would play out: Yes, he'll be fingerprinted. No, he probably won't be handcuffed.
▼ + stars: | 2023-03-30 | by ( Laura Italiano | Erin Snodgrass | ) www.businessinsider.com time to read: +12 min

Trump is likely to be fingerprinted, swabbed for the state DNA database, and photographed for his mugshot. Trump has been indicted in the Manhattan district attorney's five-year investigation into his personal and business finances, Insider reported Thursday, but he'll be treated like any defendant moving forward — with many key exceptions. "That's called 'walking it through,'" explains Diana Florence, a former white-collar crime prosecutor for the Manhattan district attorney's office. That's what typically happens in white-collar indictments, said Karen Friedman Agnifilo, a former chief assistant with the Manhattan district attorney's office. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass.

☆ Supreme Court refuses appeal by lawyer jailed for contempt in $9.5 billion Chevron environmental case
▼ + stars: | 2023-03-27 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

The Supreme Court refused Monday to consider the appeal of a disbarred lawyer jailed for contempt of court after he won a $9.5 billion judgment against Chevron in an environmental lawsuit in Ecuador . A group of Ecuadorians represented by Donziger filed a class-action suit against Chevron in Manhattan federal court in 1993. The plaintiffs in the lawsuit were awarded $9.5 billion from Chevron by a judge in Ecuador. Chevron then filed a legal action in Manhattan federal court and won an injunction against the enforcement of the judgment in any U.S. court. In the Chevron case, Gorsuch wrote, "However much the district court may have thought Mr. Donziger warranted punishment, the prosecution in this case broke a basic constitutional promise essential to ourliberty."

☆ Why is the Trump 'hush-money' grand jury taking so @#$%& long? Wrong question, experts say.
▼ + stars: | 2023-03-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

An uncanny lack of secrecy surrounds the secret Trump 'hush money' grand jury now underway in NY. Grand jury witnesses, lawyers, and Trump himself are shouting about each other on TV and online. The right question may be, "Why is this supposedly secret grand jury such a honking, spotlit spectacle?" On Friday, an envelope of white powder was sent to Bragg at the office building where the grand jury sits. The grand jury was not there that day, and the powder proved non-hazardous.

☆ Donald Trump is privately musing about a potential perp walk in New York and asking aides if he should smile for the camera: report
▼ + stars: | 2023-03-22 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Trump said privately at Mar-a-Lago that he looks forward to doing a perp walk, per The New York Times. However, it is unlikely that he will be handcuffed or have to do a perp walk. However, a perp walk is not likely to happen if Trump is charged with a crime. Bill Pickle, a former Secret Service special agent, told Insider's Laura Italiano that the perp walk Trump is looking forward to won't happen. The Times reported that he was spotted rolling around on his golf cart and that he also DJ-ed at a party held at his Florida residence.

☆ Here's how a Trump indictment would play out: Yes, he'll be fingerprinted. No, he probably won't be handcuffed.
▼ + stars: | 2023-03-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +12 min

Here are predictions for how this historic event would roll out, courtesy of some of Manhattan's top defense lawyers, former high-ranking prosecutors, and a retired Secret Service special agent. "They can tell the foreperson come back two weeks from Wednesday, or something," to sign the revised indictment, Florence said. There can always be a leak, of course, somewhere between indictment and arraignment, which is the court proceeding where Trump would plead not guilty. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass. "That walk is not going to happen," said Pickle, the former Secret Service special agent.

☆ A new bill in Florida would require bloggers writing about Ron DeSantis to register with the state or be fined
▼ + stars: | 2023-03-03 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

A Florida senator filed a bill mandating that anyone blogging about DeSantis must register with the state. Ron DeSantis to register with the state. 1316 would require any blogger who writes about DeSantis — and is paid for their work — to register with the state ethics commission or the Florida Office of Legislative Services. Brodeur's suggested law does not appear to apply to news organizations but instead would target individual bloggers who write about DeSantis and other officials. Brodeur told the website Florida Politics that he believes "paid bloggers are lobbyists who write instead of talk."

The S&P 500 still posted a gain for the week, which included a string of major market events, and stood not far from five-month highs. U.S. job growth accelerated sharply in January, with nonfarm payrolls surging by 517,000 jobs, well above an estimate of 185,000. For the week, the S&P 500 rose 1.6%, the Dow slipped 0.15%, and the Nasdaq gained 3.3%. Alphabet (GOOGL.O) shares dropped 2.7% after the Google parent posted fourth-quarter profit and sales short of Wall Street expectations. The S&P 500 posted 16 new 52-week highs and one new low; the Nasdaq Composite recorded 127 new highs and 16 new lows.

☆ U.S. midterm outcome in certain states could affect approach to energy
▼ + stars: | 2022-10-26 | by ( Laila Kearney | ) www.reuters.com time to read: +5 min

States have taken the lead on climate in recent years in the absence of federal policy. But voters in some states are now worried about rising energy costs, while other states must reckon with poor air quality and higher emissions. If it flipped, it could increase renewable energy power generation, said Troy Rule, faculty director at Arizona State University's Program on Law and Sustainability. "That could open the door for an increase in the state’s Renewable Energy Standard, which at 15% renewables by 2025, now lags far behind most neighboring states," Rule said. If Republicans win, it would "effectively eliminate the prospect of any meaningful progress on Arizona renewable energy policy over the next couple of years," Rule said.

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