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☆ Trump lawyer blasts 'The Apprentice' biopic in legal warning letter, calling it foreign election interference
▼ + stars: | 2024-05-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Read previewIn the 1970s, the lawyer Roy Cohn taught Donald Trump a simple playbook for political fights: attack, counterattack, and never apologize. Trump is employing that strategy on "The Apprentice," an independently produced biopic about him that premiered this week at the Cannes Film Festival. In a cease-and-desist letter, one of Trump's attorneys threatened to sue over the movie's release, calling it "direct foreign interference in America's elections." The letter warns that the movie's release in the United States would amount to "foreign interference in our elections." "The Movie, released six months before the November 2024 election, is directed at influencing the 2024 election by falsely defaming President Trump," he wrote.

Persons: —, Roy Cohn, Donald Trump, Trump, David Warrington, Sebastian Stan, Cohn, Jeremy Strong, US Sen, Joseph McCarthy, Ivana, Ali Abbasi, Gabriel Sherman, Abbasi, Strong, Joseph Stalin, Mao Zedong, Warrington, Sherman, Steven Cheung Organizations: Service, Cannes Film, Business, Trump, New, Communist Party, US, Warrington, Dhillon Law, Los Angeles Times, Hollywood, White House Locations: New York, American, Dublin, Warrington, United States

☆ Premarket stocks: Warren Buffett’s favorite indicator is flashing red
▼ + stars: | 2024-03-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The “Buffett Indicator” is flashing red. If the stock market is growing a lot faster than the economy, that could be a sign of a bubble. Yes, but: The so-called Buffett Indicator is not without flaw. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.

Persons: Warren Buffett, Fortune Magazine “, Berkshire Hathaway, John Hussman, Hussman, Larry Summers, “, ”, Louis Navellier, Goldman Sachs, Navellier, doesn’t, Buffett, they’re, Jamie Dimon, Kevin Gordon, Charles Schwab, Elisabeth Buchwald, Donald Trump’s, CNN’s Matt Egan, Jay Ritter, Ritter Organizations: CNN Business, Bell, New York CNN, Fortune Magazine, Nvidia, Federal Reserve, Bloomberg, Navellier, Associates, “, JPMorgan, CNBC, CNN, Visa, Mastercard, Court, Eastern, of, National Retail Federation, Trading, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC Locations: New York, of New York

☆ Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic
▼ + stars: | 2024-03-26 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

Truth Social had just 494,000 monthly active US users on iOS and Android combined in February, according to Similarweb stats provided to CNN. Even Threads had more than 10 times the number of monthly active users that Truth Social had in February, according to Similarweb. The last Trump company to go public, Trump Hotels and Casino Resorts in 1995, used the same DJT ticker symbol. Like any social media business, Truth Social faces pressure to grow its user base, expand its advertising business and build a subscription service. “If he wins in November, Truth Social will probably be the primary means of presidential communication,” said Kennedy.

Persons: Donald Trump’s, –, ”, Jay Ritter, Ritter, “, Reddit, Matthew Kennedy, Kennedy, Jonathan Macey, that’s, ’ Matthew Tuttle, Tuttle, it’s Trump, you’ve, ” “, I’m, Donald Trump, Trump, “ Donald J, TMTG, skeptically Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC, Trump, Renaissance, Truth, CNN, Facebook, Yale, Digital, Tuttle Capital Management, SEC, Trump Hotels, Casino Resorts, New York Stock Exchange Locations: New York, ”, United States

Officers found Mavis Christian Jr., 52, in his car during a manhunt following the shootings at three locations in Memphis that left three women and a teenage girl dead and critically wounded another teen girl. Memphis Police Department officers responded to a report of a shooting at 9:22 p.m. on the 100 Block of Howard Drive. At Field Lark Drive, a woman and a 13-year-old girl were killed and a 15-year-old girl was critically wounded. Another woman was found fatally shot on Warrington Road, Memphis Police Officer Christopher Williams said. Political Cartoons View All 1256 ImagesEach of the shootings was believed to be a domestic violence situation, the police said.

Persons: Mavis Christian Jr, Christopher Williams, Christian Organizations: Memphis Police Department, Howard, Howard Drive . Police, Warrington, Memphis Police, Police Locations: MEMPHIS, Tenn, Tennessee, Memphis, Howard Drive

☆ UK's Barratt flags tough housing market conditions after annual profit fall
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A company logo is seen on a banner outside a Barratt Homes housing development in Warrington, Britain, August 23, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsSept 6 (Reuters) - Britain's largest homebuilder Barratt Developments (BDEV.L) flagged difficult trading conditions over the coming months after it posted a fall in annual profit on Wednesday, as high mortgage rates and a cost-of-living squeeze pummel demand. Affordability concerns stoked by high mortgage rates and a prolonged cost-of-living crisis have weighed on the UK housing market, with indicators on everything from mortgage demand to construction rates and prices sliding in recent months. Barratt said the UK housing market remained difficult and the outlook uncertain, adding that it expected average sales sites to reduce by around 6% in the current fiscal year. British house prices in August were 5.3% lower than a year earlier, their biggest annual decline since July 2009, mortgage lender Nationwide said on Friday.

Persons: Phil Noble, Barratt, David Thomas, Aby Jose Koilparambil, Suban Abdulla, Subhranshu Sahu, Christopher Cushing Organizations: Barratt Homes, REUTERS, FTSE, Nationwide, Credit Suisse, Thomson Locations: Warrington, Britain, Bengaluru, London

☆ 'Call of Duty' maker to invest in Barcelona after EU approves Microsoft deal
▼ + stars: | 2023-06-28 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

LONDON, June 28 (Reuters) - Activision Blizzard (ATVI.O) said its studio that developed "Call of Duty" would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft's $69 billion acquisition of the company in May. In contrast, it said it would "meaningfully expand" its investment and workforce in the European Union after the deal received the green light there. Microsoft and Activision Blizzard are battling antitrust regulators on both sides of the Atlantic to clinch the deal, the biggest ever in video gaming. Activision Blizzard CEO Bobby Kotick and his Microsoft counterpart Satya Nadella are due to testify in a court in San Francisco on Wednesday to urge a judge to allow the merger. Microsoft is appealing the British veto with the "aggressive" support of Activision.

Persons: Bobby Kotick, Satya Nadella, Kate Holton, Alexander Smith Organizations: Activision, Digital Legends, Microsoft, European Union, Activision Blizzard, Atlantic, Federal Trade Commission, Thomson Locations: Barcelona, Europe, Brussels, U.S, Spanish, Guildford, Warrington, England, European, San Francisco, Britain

☆ US South blanketed with oppressive heat ahead of holiday weekend
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

A combination of high humidity and temperatures above 90 degrees Fahrenheit (32 degrees Celsius)could push heat index values above 115 in some parts of the South this weekend, contributing to atmospheric instability and creating conditions ripe for more harsh storms, weather service meteorologist Matt Mosier said. The agency issued excessive heat warnings affecting millions of people in parts of southern Louisiana and Texas, saying the heat index could reach 110 degrees. South Florida and Mississippi were under heat advisories for Friday. While Southern states are accustomed to high heat, extreme weather conditions have become more frequent across the country and with more intensity, driven by climate change, scientists say. At least three people were killed and dozens injured by tornadoes in Perryton, Texas, on Thursday.

Persons: Matt Mosier, It's, Power, Poweroutage.us, Davis Wood, Tyler Clifford, Jonathan Oatis Organizations: U.S, National Weather Service, Thomson Locations: Texas, Florida, Louisiana, Mississippi, Perryton , Texas, Pensacola , Florida, Escambia County, Warrington, New York

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

"You're going to see every board member tell people to keep your money in multiple bank accounts," said Wesley Chan, cofounder and managing partner at FPV Ventures. "I'm not concerned about Bank of America," one business owner said as they left a Bank of America branch on Monday. Big banks can be less competitive, for example, on interest rates because of the security they offer. I think you'll see startups, in particular, questioning moving to the big banks given just how much more expensive it is," Matheson added. "The big banks are in very good shape, and so it probably is a stabilizing decision to move those deposits.

☆ British police investigate whether murder of trans girl was a hate crime
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

LIVERPOOL, England, Feb 14 (Reuters) - British police on Tuesday said they were investigating whether the murder of a transgender teenage girl in north-west England at the weekend was a hate crime, ahead of a planned vigil in her memory. Police arrested two teenagers on Saturday on suspicion of murder after the body of 16-year-old Brianna Ghey was found on a path in a village near Warrington, 200 miles north-west of London. Police initially said there was no evidence to suggest the circumstance's around Ghey's death were hate related. "All lines of enquiry are being explored, including whether this was a hate crime," Cheshire Police said. LGBTQ campaign group Stonewall UK said "our thoughts are with Brianna Ghey, a young trans woman, and her loved ones, following her tragic murder in Cheshire."

☆ Trump sues Jan. 6 committee over subpoena compelling him to testify and provide documents
▼ + stars: | 2022-11-12 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Former President Donald Trump on Friday sued the House committee investigating the Jan. 6 riot, arguing its subpoena seeking his testimony and documents tied to the Capitol attack was invalid. They also argued that the subpoena failed to advance a valid legislative purpose, claiming that its "purpose is partisan, not legislative — to punish President Trump, and to score political points." The Jan. 6 committee has issued dozens of subpoenas in its probe, and several recipients have mounted unsuccessful legal challenges questioning the legitimacy of the House panel. "President Trump joins Presidents of both parties in insisting that the legislative branch honor the boundaries set forth in the Constitution, instead of catering to base partisan impulses,” Warrington added. NBC News has reached out to the Jan. 6 committee for comment.

☆ Trump sues Jan. 6 committee to avoid testifying in the investigation
▼ + stars: | 2022-11-12 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks at a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, U.S. November 7, 2022. Former President Donald Trump filed a lawsuit Friday night to avoid cooperating with a subpoena from the House select committee investigating the Jan. 6 riot at the U.S. Capitol. The House select committee voted unanimously on the subpoena and is demanding Trump's testimony under oath as well as records relevant to the probe into the attack. It will be difficult for the panel to secure Trump's testimony before then. Trump's lawsuit was filed in the Southern District of Florida and has not yet been assigned to a judge.

The Oct. 21 subpoena also called for Trump to provide testimony at the Capitol or by videoconference on Nov. 14. “We have received correspondence from the former President and his counsel in connection with the Select Committee’s subpoena," they said. A spokesperson for the Dhillon Law Group, which previously acknowledged service of the subpoena, did not respond to a request for comment. David A. Warrington, a lawyer for Trump at the firm, previously said that the firm would look over the subpoena, but did not say publicly whether Trump plans to comply with it. Trump has given signals that he's eyeing a 2024 announcement this month.

Attorneys for Donald Trump have accepted service of the subpoena issued to the former president by the House committee investigating the Jan. 6 riot, a source familiar with the deliberations confirmed to NBC News. Politico was first to report the acceptance of the subpoena. NBC News has reached out to a spokesperson for the House Jan. 6 committee, a spokesperson for Trump and a representative of the Dhillon Law Group, which represents Trump, for comment. The panel voted unanimously to subpoena Trump to testify at the end of its latest hearing earlier this month. The subpoena calls for the former president to testify either at the Capitol or by videoconference at 10 a.m.

☆ Jan. 6 panel will not rule out taking live testimony from Trump, Cheney says
▼ + stars: | 2022-10-23 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Rep. Liz Cheney, R-Wyo., on Sunday did not rule out the possibility of the House Jan. 6 committee taking live televised testimony from former President Donald Trump. Trump has not publicly indicated how he would respond to the subpoena for his testimony and documents, issued by the committee Friday. Asked if the committee is open to live testimony in an interview on NBC News' "Meet the Press," Cheney, its vice chair, said, "He’s not going to turn this into a circus." The panel, Cheney continued, will not allow the former president to turn his testimony into "his first debate against Joe Biden and the circus and the food fight that that became." Cheney's office later clarified her remarks, making clear that she was not ruling out the possibility of Trump's live testimony.

☆ Cheney signals Jan. 6 panel won't allow Trump to testify live: 'He's not going to turn this into a circus'
▼ + stars: | 2022-10-23 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The House Jan. 6 committee won't consider allowing former President Donald Trump to testify live on television to comply with its subpoena, Rep. Liz Cheney, R-Wyo., said Sunday. Trump has not publicly indicated how he would respond to the subpoena for his testimony and documents, issued by the committee Friday. Asked if the committee is open to live testimony in an interview on NBC News' "Meet the Press," Cheney, its vice chair, said, "We are not going to allow— He’s not going to turn this into a circus." The panel, Cheney continued, will not allow the former president to turn his testimony into "his first debate against Joe Biden and the circus and the food fight that that became." The subpoena requests Trump to testify either at the Capitol or by videoconference at 10 a.m.

Rapp, watching Spacey accept his prize, threw a pencil at the screen, he testified this week. Spacey’s lawyers have tried to convince the jury of six men and six women that Rapp fabricated his claim in large part because he was bitterly envious of their client's success. Rapp, they contend, desperately wanted Spacey’s career: the hit films, the plum roles, the two Oscars. But through the first five days of the trial in downtown Manhattan, Rapp’s alleged jealousy has been a recurring and striking theme. “I wanted my career.”Warrington Parker, a San Francisco trial attorney, and Danny Cevallos, an NBC News legal analyst, both described the jealousy argument as a high-risk bet for Spacey’s lawyers.

☆ Buyer beware: Some Amazon Prime Day deals may not be what they seem, according to a new study
▼ + stars: | 2022-10-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

A new study warns that Amazon deals might be price hikes in disguise. When you consider vacuum cleaners, for example, the addition of a list price was accompanied by a price hike 22% of the time. One day, a "List Price" of $300 pops up on the page with a slash through it. List prices are based on amounts Amazon customers recently paid and other retailers recently charged, Amazon said. Still, the study's authors warned that consumers shouldn't always take Amazon deals at face value.

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