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☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ Biden faces widening partisan split over Israel
▼ + stars: | 2024-05-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —President Joe Biden is facing more critical moments this week that will test his fraught relationship with his base over Israel’s war in Gaza and potentially widen the partisan split about the Jewish state that has been building for years. Against this backdrop, partisan polarization about Israel among American voters was already widening years before the brutal Hamas attack last October and the devastating Israeli response it triggered. An array of polls this spring show how the war in Gaza has hardened this partisan split. Nearly half of Democrats, but only a little over one-fifth of Republicans in the CBS poll, said the US should pressure Israel to stop the fighting. “Biden has a Democratic caucus that is putting a lot of faith in this process,” she said.

Persons: Joe Biden, Long, Benjamin Netanyahu, Netanyahu, “, ”, Aaron David Miller, Biden, Harry Truman, Lyndon B, Johnson, Jimmy Carter, Bill Clinton, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Reagan, George W, Donald Trump, Clinton, Barack Obama, Republicans —, Obama, Israel, Biden —, Gallup, Trump, That’s, Chuck Schumer, Mike Johnson, Biden’s, Jamaal Bowman, Cori Bush, Waleed Shahid, Shahid, David, it’s Goliath, David ”, Miller, “ Biden, ’ ”, Ben Rhodes, ” Biden, “ We’re, Saudi Arabia — “, Mark Mellman, Schumer, Sen, Bernie Sanders, Israel’s, Chris Murphy of, Chris Van Hollen, Chris Coons, Tim Kaine, Virginia, Van Hollen, Amanda Klasing, — Organizations: CNN, Israel, Republican, Democratic, Gallup Organization, Carnegie Endowment, International Peace, Holocaust Memorial, GOP, Whites, Republican Party, Republicans, Gallup, Trump, Chicago Council, Global Affairs, Quinnipiac University, CBS, Liberal, American Israel Public Affairs Committee, AIPAC, National Security Council, Amnesty International, Amnesty Locations: Gaza, Israel, United States, Iran, Quinnipiac, Washington, New York, Missouri, Yom Kippur, Saudi Arabia, Sens, Chris Murphy of Connecticut, Maryland, Delaware, Rafah

☆ Opinion: Why gardens and poems rhyme
▼ + stars: | 2024-04-22 | by ( Opinion Tess Taylor | ) edition.cnn.com time to read: +7 min

This year, particularly, I’ve been meditating on the fact that gardens and poems share critical, linked invitations. And because even as the planet warms, gardens and poems help cool us off, practically and emotionally. I don’t think I’m overstating the case to say that time spent with poems and gardens build pathways that actually repair us. In their own small plots, poems build diverse networks as well: Sinking into the rhythms and pleasures of literature stimulates the parts of our brains attuned to empathy, helping us build attention, kindness, compassion, regard. Gardens and poems invite that kind of dwelling.

Persons: Tess Taylor, Tess Taylor Adrianne Mathiowetz I’d, I’d, I’ve, Andrew Marvell, Warren St, Brooklyn brownstones, ”, Emily Dickinson Organizations: “, CNN, Warren, Brooklyn, National Endowment, Arts, Gardens Locations: Brooklyn

☆ Start-Up Founder Sentenced to 18 Months in Prison for Fraud
▼ + stars: | 2024-04-19 | by ( Erin Griffith | ) www.nytimes.com time to read: +1 min

Another start-up founder is going to prison for overstating his company’s performance to investors. His misrepresentations allowed him to raise $117 million in funding from top investment firms, valuing his start-up at $1.1 billion. When HeadSpin’s board members found out about the behavior in 2020, they pushed Mr. Lachwani to resign and slashed the company’s valuation by two-thirds. Mr. Lachwani is at least the fourth start-up founder in recent years to face serious consequences after taking Silicon Valley’s culture of hype too far. Other founders currently in prison for fraud include Sam Bankman-Fried of the cryptocurrency exchange FTX and Elizabeth Holmes and Ramesh Balwani of the blood testing start-up Theranos.

Persons: Manish Lachwani, Lachwani, Sam Bankman, Elizabeth Holmes, Ramesh Balwani

☆ There is no loneliness epidemic
▼ + stars: | 2024-04-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +17 min

With the report, a steady trickle of headlines about the epidemic turned into a firehose: "Loneliness is at epidemic levels and it's killing Americans" (USA Today); "This Epidemic of Isolation Is as Harmful as Smoking" (Bloomberg); "America's Loneliness Epidemic Comes for the Restaurant" (The Atlantic). There's one problem: The loneliness epidemic doesn't exist. Even the authors caution in their meta-analysis that "the frequently used term 'loneliness epidemic' seems exaggerated." Calling it a "loneliness epidemic," then, may be a bit like calling COVID a "sneezing pandemic." "There are many, many surveys that are just making up questions about loneliness and are not using the UCLA Loneliness Scale or some other validated loneliness scale," she says.

Persons: Vivek Murthy, Murthy, Hillary Clinton, Donald Trump, Sen, Chris Murphy, Ruth, University of Michigan —, Eric Klinenberg, Julianne Holt, it's, Dave Sbarra, Holt, David Riesman, Lunstad, I've, —, Sbarra, Klinenberg, Adam Mastroianni, " Mastroianni, Mastroianni, Biden, isn't, Jill Lepore, voicemails, There's, Jerome Adams Organizations: Bloomberg, Business, York, Gallup, University of Michigan, New York University, Brigham Young University, University of Arizona, Bell, University of California Los, Commerce, UCLA, Republican, Democratic Locations: Connecticut, Brooklyn, University of California Los Angeles, America, Washington, DC, COVID

☆ Why we don't actually know whether retail theft is a big problem
▼ + stars: | 2024-03-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

But a new report suggests we don't know whether organized retail crime is a big problem or not. "Organized retail crime," "retail theft," and similar terms don't correspond with categories that local police departments use to categorize crimes, Hanna Love, a fellow at Brookings, told Business Insider. It's unclear what makes organized retail crime "different than, say, other instances of shoplifting" from a data perspective, Love said. The NRF has said that it took back the estimate due to an error by an outside analyst who contributed to its report on organized retail crime. About fourteen states passed new laws on retail theft in 2022 and 2023, Stateline reported in December.

Persons: —, Hanna Love, Love, James Kehoe, William Blair, Target's, it's, Sebastian, Stateline Organizations: Walmart, Walgreens, Service, Target, National Retail Federation, Brookings Institution, Brookings, Retail, The New York Times Locations: States, Brookings, San Francisco, Indiana, Fairfax , Virginia

☆ FCC cracks down on cable TV ‘junk fees’
▼ + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

The new junk fees rule requires cable and satellite TV companies to list “all-in” prices to consumers in their billing and marketing materials — including any miscellaneous fees, such as those related to sports programming or local broadcast channels. Between 24% and 33% of the typical consumer’s bill can be attributed to fees, consumer advocates told the FCC. In a separate move last year, the FCC proposed banning certain cable fees altogether, including early termination fees that the agency says hinder competition and prevent customers from easily switching providers. Mending the digital divideIn addition to cable, the FCC also addressed internet availability during its Thursday meeting. Defining high-speed internetThe report also reflects newly adopted revisions in how the country defines high-speed internet, which the FCC voted to approve on Thursday.

Persons: “, ”, Jessica Rosenworcel, ’ ”, NCTA, Dave Wallace, Amira Karaoud, Biden, Rosenworcel, you’re, Anne Neuberger, Neuberger Organizations: Washington CNN, Federal Communications Commission, FCC, Energy Star, National Institute for Standards, Technology, Logitech, LG, Samsung, Consumer, European Union Locations: Kentucky, Louisville , Kentucky, U.S, greenlight, Las Vegas, America

☆ Trump attacks Biden for 'through the roof' prices—here's how much they've actually risen since 2021
▼ + stars: | 2024-03-11 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

Former President Donald Trump took aim at President Joe Biden over inflation during a call-in appearance on CNBC's "Squawk Box" on Monday. "People are going through hell," due to rising prices, Trump said, with energy and food costs "through the roof." Trump then made the false claim that cumulative inflation was up as much as "over 50%" in the past few years. While inflation has hit Americans hard in the past few years, cumulative inflation is up 18% since 2021, when Biden took office. The inflation rate is based on consumer price index data which measures the cost of everyday items that Americans tend to buy.

Persons: Donald Trump, Joe Biden, Trump, Biden

☆ The Fed 'went crazy' with rates and did big damage to the real estate market, billionaire mogul Barry Sternlicht says
▼ + stars: | 2024-03-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The real estate market is "collateral damage" in the Fed's inflation fight, Barry Sternlicht said. AdvertisementThe commercial real estate market is hurting, and that's largely thanks to the Federal Reserve's aggressive rate hikes which have battered the economy, real estate billionaire Barry Sternlicht said. In an interview on "In Depth with Graham Bensinger," the real estate investor and Starwood Capital CEO sounded off the Fed's policy-tightening campaign since early 2022. AdvertisementLast year, Sternlicht warned of a "Category 5 hurricane" coming for the real estate market, which he believed could be followed by a recession. Still, Sternlicht said he was optimistic about the real estate market going forward, and while property prices have plunged, that creates investment opportunity.

Persons: Barry Sternlicht, I've, Sternlicht, —, Graham Bensinger, Morgan Stanley, Sternlict, Powell, Joe Biden Organizations: Starwood, Service, Starwood Capital CEO, Bloomberg, Fed, Wall, Infrastructure Investment, Investors

☆ Judges in Trump-related cases face unprecedented wave of threats
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: +20 min

These broadsides frequently trigger surges in threats against the judges, prosecutors and other court officials he targets, Reuters found. In that time, serious threats against federal judges alone have more than doubled, from 220 in 2020 to 457 in 2023, as Reuters reported on Feb. 13. For judges, threats have always been part of the job. Over the last four years, the Marshals investigated more than 1,200 threats against federal judges that they considered serious, according to the data provided to Reuters. Among the 57 federal prosecutions Reuters identified during that period, 47 involved threats against federal judges, six involved threats against state judges, and four involved threats against both.

Persons: Royce Lamberth, Barrett Prettyman, Evelyn Hockstein, Lamberth, Donald Trump, Ronald Reagan, Trump, – Trump, “, ” Royce, Maureen O'Connor, Ronald Davis, stoked, Brett Kavanaugh, Nicholas John Roske, Lewis Kaplan, E, Jean Carroll's, Kaplan, “ Donald Trump, ” Maureen O’Connor, they've, Richard Sullivan, Indiana, Gonzalo Curiel, Curiel, James Robart, Robart, Jon Trainum, Attorney Alvin Bragg, Trump's, Alvin, Bragg, Judge Arthur Engoron, Jefferson Siegel, Arthur Engoron, Tanya Chutkan, Jack, I'm, Chutkan, Smith, Abigail Jo Shry, Derrick Watson, Watson, Patriots.Win, Reggie Walton, Barrett, Elizabeth Frantz, Walton, Jan, Carl Caulk Organizations: District, Reuters, U.S, Capitol, Republican, Trump, U.S . Marshals Service, Marshals Service, ” Royce Lamberth U.S, Ohio Supreme, U.S . Justice Department, Justice Department, Federal Bureau of Investigation, The, FBI, Washington , D.C, Marshals, ” Maureen O’Connor Ohio Supreme, underpins, Trump University, Manhattan, Attorney, AFP, Getty, New York, Washington D.C, Federal Locations: Washington , U.S, al Qaeda, Idaho, Washington ,, New York, ” Maureen O’Connor Ohio, U.S, Mexico, United States, Manhattan, Washington, Texas, Hawaii, Tennessee, New Jersey, Arizona

☆ Trump Civil Fraud Verdict Now Expected by Mid-February
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Jack QueenNEW YORK (Reuters) -A ruling in the New York state attorney general's $370 million civil fraud case against former U.S. president Donald Trump will not come until early to-mid February, a court spokesperson said Thursday. Trump has denied wrongdoing and called the case a political vendetta by James, an elected Democrat. Engoron previously ruled in September that Trump had engaged in fraud and ordered his business empire be partially dissolved. Closing arguments were delivered in the case on Jan. 11, with Engoron saying on that day he had hoped to issue a ruling by Jan. 31. On the day of closing arguments, Trump lashed out at the judge in the courtroom, telling him, "You have your own agenda.

Persons: Jack Queen, general's, Donald Trump, Arthur Engoron, Joe Biden, Letitia James, Trump, James, Jan, Christopher Kise, Will Dunham Organizations: Jack Queen NEW, U.S, Democratic, New York, Trump Locations: New York, New, Engoron

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

☆ Deutsche Bank Gained Lucrative Business From Trump, Former Executive Testifies
▼ + stars: | 2023-11-30 | by ( Jacob Gershman | ) www.wsj.com time to read: 1 min

Former President Donald Trump testified in the civil fraud trial in Manhattan earlier this month. Photo: Eduardo Munoz Alvarez/Associated PressThe former Deutsche Bank executive who recruited Donald Trump as a client testified Wednesday that the bank’s dealings with the former president were lucrative and her superiors were eager to expand them. Rosemary Vrablic , a former relationship manager with the bank’s private-wealth-management division, is one of several witnesses from Deutsche Bank being called to the stand this week by Trump’s lawyers as they seek to rebut allegations by the New York attorney general that Trump committed civil fraud by overstating his wealth for financial gain.

Persons: Donald Trump, Eduardo Munoz Alvarez, Rosemary Vrablic, Trump Organizations: Associated Press, Deutsche Bank, New Locations: Manhattan, New York

BANGKOK (AP) — Asian shares were mostly higher Thursday ahead of an update on U.S. consumer inflation and a meeting of oil producers in Vienna. Consumer spending, the lifeblood of the economy, rose at a 3.6% annual rate from July through September. In Bangkok, the SET fell 0.5%. Facebook parent company Meta fell 2%, Google’s parent company Alphabet gave up 1.6% and Microsoft dropped 1%. Las Vegas Sands slid 4.9% after Miriam Adelson, the casino operator’s controlling shareholder, sold some $2 billion in stock.

Persons: That’s, Yue, India's Sensex, Taiwan's Taiex, Brent, gainers, Miriam Adelson Organizations: Federal, Consumer, U.S ., Bank, Nikkei, Capital Economics, OPEC, Sunday, New York Mercantile Exchange, Big Tech, Dow Jones, Nasdaq, Facebook, Meta, Microsoft, New York Stock Exchange, General Motors, GM, United Auto Workers, Canadian, Treasury, Sands Locations: BANGKOK, Vienna . U.S, U.S, Asia, Hong Kong, Shanghai, Australia, Bangkok, Sunday .

☆ Terry Gou: Foxconn founder drops out of Taiwan presidential race
▼ + stars: | 2023-11-24 | by ( Wayne Chang | Michelle Toh | ) edition.cnn.com time to read: +2 min

Taipei/Hong Kong CNN —Terry Gou, the billionaire founder of major Apple supplier Foxconn, withdrew from the race to become Taiwan’s next president on Friday, just hours before the deadline to formally register as a candidate. “I have never yielded in the battlefield of international business,” Gou said in a statement, without providing a specific reason for the retreat. “For the future of the Republic of China, choosing to yield is all the love I can give to my homeland,” Gou added, referencing Taiwan’s official name. Gou founded Foxconn, established as Hon Hai Precision Industry in Taiwan, in 1974. Shortly after he announced his bid, Chinese state media reported that Foxconn was under investigation by authorities in China over land use and tax concerns.

Persons: Hong Kong CNN — Terry Gou, Taiwan’s, “, ” Gou, Gou’s, Tammy Lai, ”, Hou Yu, Ko Wen, Gou, Foxconn, wouldn’t, Hai Organizations: Hong Kong CNN, Apple, Foxconn, ih, Kuomintang, Taiwan People’s Party, Democratic Progressive Party, Hai Precision Industry, Communist, CNN, for Public Credit Locations: Taipei, Hong Kong, Republic of China, Taiwan, China, Beijing, Wuhan

☆ The 'stakes are too high' to ignore extinction risks of AI, AI godfather warns
▼ + stars: | 2023-11-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

AI godfather Yoshua Bengio says the risks of AI should not be underplayed. His remarks come after Meta's Yann LeCun accused Bengio and AI founders of "fear-mongering." AdvertisementAdvertisementClaims by Meta's chief AI scientist, Yann LeCun, that AI won't wipe out humanity are dangerous and wrong according to one of his fellow AI godfathers. AdvertisementAdvertisement"If your fear-mongering campaigns succeed, they will inevitably result in what you and I would identify as a catastrophe: a small number of companies will control AI," LeCun wrote. "Existential risk is one problem but the concentration of power, in my opinion, is the number two problem," he said.

Persons: Yoshua Bengio, Bengio, Meta's Yann LeCun, —, Yann LeCun, Yann, LeCun, overstating, Andrew Ng, Geoffrey Hinton, Hinton Organizations: Service, Bell Labs, Google Locations: Bengio

NEW YORK (AP) — Days after former President Donald Trump got a taste of the witness stand, his New York civil business fraud trial is turning to the question of whether his daughter Ivanka will have to testify, too. Ivanka Trump has been dismissed from the case, and lawyers for her family and its business contend that she shouldn't have to take the stand. It's unclear how soon Judge Arthur Engoron will decide, or when Ivanka Trump would testify if ordered to do so. Ivanka Trump's lawyer argued in court papers that it's unreasonable to make her take the stand. Ivanka Trump announced in January 2017, ahead of her father's inauguration, that she was stepping away from her Trump Organization job.

Persons: Donald Trump, Ivanka, Ivanka Trump, Arthur Engoron, Letitia James, Donald Jr, Eric, James, Trump, Ivanka Trump's, Bennet Moskowitz, Donald Trump’s, “, ”, Michael R Organizations: Trump Organization, New York, Republican, Trump White House, Associated Press Locations: York, New York, Sisak

☆ Crime spree? Retailers are actually overstating the extent of theft, report says
▼ + stars: | 2023-10-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

But some retail analysts and researchers, bolstered by local crime statistics, say stores may be over-stating the extent and impact of theft. Mentions of “organized retail crime” on companies’ earnings calls increased 43% from January through August from a year ago, the Chamber of Commerce found. Cities and states are passing new laws with harsher punishments for organized retail crime offenses and shoplifting. A Target spokesperson said that organized retail crime increased 50% in its stores since 2021. According to the Chamber of Commerce, 12 states have created new statutes, revised existing statutes, or created enhanced penalties for organized retail crime.

Persons: William Blair, Dylan Carden, Phillip Blee, James Kehoe, Kehoe, Alex Vitale, ”, Donald Trump, Judd Legum, Blair, “, Pew Organizations: New, New York CNN — Retailers, Retailers, “, National Retail Federation, Walgreens, Brooklyn College, Commerce, U.S . Chamber of Commerce, Republican, Costco, Chamber of Commerce, Pew Locations: New York, U.S, San Francisco, Oakland, Seattle, Portland

Special counsel Jack Smith urged a federal judge to reimpose and broaden a gag order on Donald Trump, outlining how the former president has used the short window of time since the original gag order was lifted to attack and intimidate witnesses. But Chutkan paused the gag order last week to allow Trump’s defense team time to argue why his speech should not be restricted. The ACLU has since sided with Trump, arguing that the gag order is a violation of First Amendment free speech protections. It took only days, though, for Trump to give Smith more ammunition for why the gag order is necessary. In response to the news, Trump took to his TruthSocial account to address Meadows.

Persons: Jack Smith, Donald Trump, “, ”, Tanya Chutkan, ” Chutkan, Chutkan, Smith, Mark Meadows, Meadows, Trump, ” Trump Organizations: Trump, Washington , D.C, Capitol, ACLU, Donald Trump View, ABC News Locations: Washington ,, “, New York City

“Mark Meadows always thought it was rigged, the whole thing was rigged,” Trump said. Trump was indicted by Smith in August in Washington, D.C., for attempting to overturn the 2020 presidential election and for inciting a riot at the Capitol on Jan. 6, 2021. The report from ABC News comes at a precarious moment for Trump, the GOP presidential primary front-runner who faces a total of 91 criminal charges stemming from four indictments. "If I knew then what I know now, I would have declined to represent Donald Trump in these post-election challenges. He reiterated those points on social media, where Trump also posited that perhaps Meadows, after years of being pressured by Smith and other prosecutors, finally told Smith what he wanted to hear in order to secure his own immunity.

Persons: Donald Trump, Mark Meadows, “, ” Trump, Meadows, Jack Smith, Smith, Trump, Fani Willis, Sidney Powell, Kenneth Chesebro, Jenna Ellis, Trump’s, Ellis, doesn’t Organizations: White, New, ABC, Justice, Washington , D.C, Capitol, Trump, ABC News, GOP, Donald Trump View Locations: Manhattan, Washington ,, Fulton County, Georgia

☆ Wall Street warning: Ray Dalio, Jamie Dimon, Larry Fink issue grim outlooks for the global economy
▼ + stars: | 2023-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, and Steve Schwarzman all shared their views. They tackled topics such as inflation, recession, the Israel-Hamas war, and commercial real estate. JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, Goldman Sachs CEO David Solomon, Blackstone CEO Steve Schwarzman, and Bridgewater Associates founder Ray Dalio all shared their views. They touched on everything from the Israel-Hamas conflict and pressures on commercial real estate to inflation, interest rates, fiscal and monetary policies, and the risk of recession. David SolomonThe Goldman Sachs chief recalled the boom in mergers and acquisitions coming out of the pandemic, as massive amounts of fiscal stimulus and rock-bottom interest rates fueled "extreme confidence."

Persons: Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, Steve Schwarzman, —, Goldman Sachs, Blackstone, Dalio, Dimon, Fayez Nureldine, David Solomon The Goldman Sachs, that's, Solomon, Fink, aren't, he's, we'll, Schwarzman Organizations: Service, Future Investment Initiative, Tuesday, JPMorgan, BlackRock, Bridgewater Associates, Getty Locations: Saudi Arabia, Israel, Russia, Ukraine, Riyadh, AFP

Chesebro was the third of 19 codefendants in the Georgia case to make a deal, a monumental legal and personal blow to Trump, who highly prizes loyalty among his associates. Another former Trump lawyer, Sidney Powell, entered into a plea deal Thursday, following a September deal by a lesser-known bail bondsman, Scott Hall. While other defendants – especially Trump – have pushed for later trial dates, Chesebro insisted on his right to a speedy trial. Jury selection for his case started Friday, and Chesebro entered into the plea deal hours after potential jurors filed into the courthouse. The Chesebro deal could be the third domino to fall against Trump and other high-level defendants such as former Trump lawyer and New York Mayor Rudy Giuliani.

Persons: Kenneth Chesebro, Donald Trump's, Chesebro, Trump, Joe Biden, Sidney Powell, Scott Hall, –, Fani Willis, Willis, Rudy Giuliani, Joyce Vance, ”, MAGA, Michael Cohen, Arthur Engoron, Engoron, Chris Kise Organizations: Trump, Biden, Biden's, U.S . Capitol, Act, New York, MSNBC Locations: Georgia’s Fulton County, Georgia, Fulton County, New York

[1/3] Former U.S. President Donald Trump arrives at Trump Tower after giving a deposition to New York Attorney General Letitia James who sued him and his Trump Organization, in New York City, U.S., April 13, 2023. REUTERS/Bing Guan/File Photo Acquire Licensing RightsOct 17 (Reuters) - Donald Trump made a voluntary appearance at his New York civil fraud trial and used it to complain that it is distracting from his campaign to reclaim the White House in 2024. Trump appeared in a New York court on Tuesday for the third week of a civil fraud trial which is centered on allegations that he inflated his net worth to secure more favorable loan terms. Trump, however, chose to be at the trial which he is not required to attend. Trump has denied wrongdoing and defended the valuations of his properties, saying the case is a "fraud" and attacking both James and the judge overseeing the case.

Persons: Donald Trump, Letitia James, Bing Guan, Trump, Joe Biden, I'm, Arthur Engoron, Donna Kidder, Kidder, Doug Larson, James, James ’, Michael Cohen, Engoron, Donald Jr, Eric, Jack Queen, Noeleen Walder, David Gregorio, Alistair Bell Organizations: U.S, Trump, New York, Trump Organization, REUTERS, House, Republican, Biden, Democratic, Democratic New York, Thomson Locations: New, New York City, U.S, York, Washington, New York, Iowa, New Hampshire, Lago, Palm Beach , Florida, Manhattan

[1/3] Former U.S. President Donald Trump arrives at Trump Tower after giving a deposition to New York Attorney General Letitia James who sued him and his Trump Organization, in New York City, U.S., April 13, 2023. REUTERS/Bing Guan/File Photo Acquire Licensing RightsOct 17 (Reuters) - Donald Trump is set to appear in New York court on Tuesday for the third week of a civil fraud trial that could dismantle pillars of the former U.S. president’s business empire. The judge, Justice Arthur Engoron, found in September that Trump had engaged in fraud and ordered the dissolution of companies controlling crown jewels of his real estate portfolio, including Trump Tower in Manhattan. James is seeking at least $250 million in fines, a permanent ban against Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial real estate ban against Trump and the Trump Organization. Reporting by Jack Queen in New York; Editing by Noeleen Walder and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Letitia James, Bing Guan, Trump, Michael Cohen, Jack Weisselberg, Allen Weisselberg, James, Arthur Engoron, Donald Jr, Eric, Engoron, Jack Queen, Noeleen Walder, David Gregorio Our Organizations: U.S, Trump, New York, Trump Organization, REUTERS, Democratic New York, White, Thomson Locations: New, New York City, U.S, New York, Iowa, Manhattan

☆ Donald Trump Turns up at New York Fraud Trial, Complains It Distracts From Campaign
▼ + stars: | 2023-10-17 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

By Jack Queen(Reuters) -Donald Trump made a voluntary appearance at his New York civil fraud trial and used it to complain that it is distracting from his campaign to reclaim the White House in 2024. Trump appeared in a New York court on Tuesday for the third week of a civil fraud trial which is centered on allegations that he inflated his net worth to secure more favorable loan terms. I should be in New Hampshire now," Trump told reporters outside the courtroom, referring to two important states early in a U.S. presidential election campaign. Trump, however, chose to be at the trial which he is not required to attend. Trump has denied wrongdoing and defended the valuations of his properties, saying the case is a "fraud" and attacking both James and the judge overseeing the case.

Persons: Jack Queen, Donald Trump, Trump, Joe Biden, I'm, Arthur Engoron, Letitia James, Donna Kidder, Kidder, Doug Larson, James, James ’, Michael Cohen, Engoron, Donald Jr, Eric, Noeleen Walder, David Gregorio, Alistair Bell Organizations: House, Republican, U.S, Biden, Democratic, Trump, Democratic New York, Trump Organization Locations: York, Washington, New York, Iowa, New Hampshire, U.S, Lago, Palm Beach , Florida, Manhattan

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