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Donald Trump’s Lawyer Pressed Stormy Daniels
  + stars: | 2024-05-09 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
A lawyer representing Donald Trump in his criminal trial in Manhattan spent more than two hours today attempting to undermine the credibility of one of the prosecution’s most high-profile witnesses. “You made all this up, right?” the lawyer, Susan Necheles, asked Stormy Daniels, whose account of a sexual encounter with Trump spurred the hush-money agreement at the heart of the charges against the former president. Daniels responded with a forceful “No.”Daniels’s two days of testimony, which concluded this afternoon, was in all likelihood the most dramatic chapter of the first criminal trial of an American president. Over nearly eight hours, she recounted under oath the graphic details of a one-night sexual encounter with Trump in 2006. And today she shot back at suggestions that she was in it for the money: “Not unlike Mr. Trump,” she said.
Persons: Donald Trump, , Susan Necheles, Stormy Daniels, Trump, Daniels, Organizations: Trump, Prosecutors Locations: Manhattan
U.S. Treasury yields were higher on Thursday as investors considered remarks from Federal Reserve officials, scanning them for hints about the interest rate outlook. Collins' comments echoed those made by Minneapolis Fed President Neel Kashkari and Richmond Fed President Tom Barkin earlier in the week. More Fed officials are set to speak on Thursday and Friday. Elsewhere, the Bank of England is due to announce its latest interest rate decision on Thursday. The BoE is widely expected to leave interest rates unchanged, but investors will be scanning Governor Andrew Bailey's statement for hints about a potential summer rate cut.
Persons: Susan Collins, Collins, Neel Kashkari, Tom Barkin, BoE, Andrew Bailey's Organizations: Treasury, Federal Reserve, Boston, Wednesday, Minneapolis, Richmond Fed, Fed, Bank of England
Dollar holds its ground as key inflation data looms
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: +2 min
U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. Japan's top currency diplomat Masato Kanda on Thursday reiterated a warning that Tokyo is ready to take action in the currency market. The dollar index rose to 0.05% to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback. The BOE is likely to take another step towards its first interest rate cut in four years as inflation falls.
Persons: Masafumi Yamamoto, Masato Kanda, Susan Collins, Sterling, BOE, bitcoin Organizations: Federal Reserve, Bank of, Mizuho Securities, Traders, PPI, Fed Bank of Boston, European Central Bank Locations: Buenos Aires, Argentina, Japan, U.S, United States, Tokyo,
Eventually, Ms. Necheles went straight to the point. Ms. Daniels responded forcefully: “No.”At the conclusion of the day, Mr. Trump’s lawyer, Todd Blanche, asked Justice Juan M. Merchan whether he would modify a gag order to let Mr. Trump respond publicly to Ms. Daniels’s testimony. The judge denied the request and Mr. Trump’s second motion this week for a mistrial. The former president is accused of falsifying business records to hide a $130,000 payment to Ms. Daniels just before the 2016 election, a payment meant to silence her story. Mr. Trump, 77, has denied the charges and says he did not have sex with Ms. Daniels.
Persons: Stormy Daniels, Donald J, Trump, Susan Necheles, Daniels’s, Necheles, , Daniels, Trump’s, Todd Blanche, Juan M Locations: Nevada, Lake Tahoe
Judy Devlin Hashman, who won the all-England badminton singles championships 10 times, more than any other player, man or woman, died on Monday. Before badminton established a world championship or joined the Olympics, the All England Open Badminton Championships was the sport’s pinnacle. Hashman won the women’s singles title in that event for the first time in 1954 at age 18. Her 10 singles titles are the most for any player. She also won seven women’s doubles titles, six of them with her sister Susan Devlin, later known as Susan Peard.
Persons: Judy Devlin Hashman, Geoff Hashman, Hashman, Susan Devlin, Susan Peard, Judy Devlin, J, Frank Devlin, Grace, Steed, Devlin Organizations: England, Olympics, Badminton, Wimbledon Locations: Oxford, England, Winnipeg, Canada, Maryland
British biodiversity startup Dendra Systems announced Wednesday it has raised a $15.76 million Series B, as investors continue to pour capital into climate tech. The $15.76 million Series B round was led by Zouk Capital, a London-based private equity firm that has previously backed climate-tech companies such as Green Hedge and Orb Energy. Dendra Systems previously raised $10 million Series A in 2020 from At One Ventures, Airbus Ventures, Future Positive Capital, Chris Sacca's Lowercarbon Capital, and others. Climate tech proved to be more resilient than other sectors in a cool market in 2023, with European climate tech startups bucking the trend in declining investment and raising a collective $20 billion. Dendra Systems is among the first batch of European climate startups to get VC backing.
Persons: Susan Graham, Graham, Chris Sacca's Organizations: Systems, Zouk, Orb Energy, Aramco Ventures, Airbus Ventures, Understorey, Business, Tech News, Dendra, One Ventures, Positive, Natural Capital Research Locations: London, Rio Tinto, North America
An influx of over 175,000 migrants in New York City has further exposed the city's housing crisis. AdvertisementNo country in the world attracts more immigrants than the US — and no place symbolizes this better than New York City. Pushing migrants out of sheltersNew York City has managed to absorb much larger influxes of immigrants in the past. The New York City comptroller's office says the Adams administration is intentionally making life more difficult for asylum-seekers as a way to force them out of the city. "It is just a system that is meant to really discourage people from getting help from the city and from exercising their rights that they have as residents of New York City."
Persons: Eric Adams, , It's, it's, aren't, He's, who've, Elon Musk, Selcuk Acar, Susan Pozo, Pozo, Goldman Sachs, Adams, Celeste Hornbach, they've, they're, Sam Stanton, Hornbach Organizations: Service, New, New York City, Getty, Immigrants, Western Michigan University, Goldman Locations: New York City, Southern, New York, York, stoke, New
He learned late Tuesday afternoon that Judge Aileen Cannon, whom he appointed, indefinitely postponed a trial in his classified documents case in Florida. She told the jury Tuesday about a $130,000 hush money payment she received from Cohen before the 2016 election. But prosecutors allege Trump falsified business records to hide it and to mislead voters in an early bout of election interference. The judge complained that the ex-president was “cursing audibly” during Daniels’ testimony and was shaking his head. “Am I correct that you hate President Trump?” Necheles asked.
Persons: CNN —, Stormy Daniels, Donald, , he’s, Trump, scowling, Daniels, Aileen Cannon, Ty Cobb, Cannon, ” Cobb, CNN’s Erin Burnett, Cannon’s, Trump’s, it’s, Michael Cohen, Cohen, He’s, , Donald Trump, Norm Eisen, CNN’s Wolf, Judge Juan Merchan, audibly ”, , Todd Blanche, Jeremy Herb, Merchan, Susan Necheles, Necheles, ” Necheles, ” Daniels, , Let’s, , Daniels —, Eric Trump, ” Trump Organizations: CNN, White, Trump, White House, Locations: Florida, Lake Tahoe
But some of the details Daniels described were so explicit that Judge Juan Merchan cut her off at several points. “How can we come back from this in a way that’s fair to President Trump?” Blanche challenged. “Am I correct that you hate President Trump?” Necheles asked“Yes,” Daniels said. “It’s also cost me a lot of money,” Daniels responded. “You are looking to extort money from President Trump,” Necheles asked.
Persons: Stormy Daniels, Donald Trump, Daniels, Trump, Juan Merchan, Merchan, , Michael Cohen, Susan Necheles, ” Trump, , Trump “, didn’t, ” Daniels, Kaitlan Collins, Gina Rodriguez, Rodriguez, , Peggy Peterson, David Dennison, Cohen, Jimmy Kimmel, she’s, Susan Hoffinger, Judge, Todd Blanche, Blanche, ” Blanche, CNN Hoffinger, ” Merchan, Necheles didn’t, ” Necheles, “ You’ve, Necheles, “ I’ve, “ It’s, Keith Davidson Organizations: CNN, Trump, AMI, Defense Locations: Trump’s, Las Vegas
Stormy Daniels took the stand at Trump's hush-money trial Tuesday. "My name is Stormy Daniels," the porn star at the center of the historic trial said as she swore to tell the truth while at the witness stand of a Manhattan courtroom, just 20 feet from Trump. Daniels told the jury she directed her first adult film at age 23. Advertisement"They marked it down in the books, the check was signed," Trump told reporters before he headed into the courtroom. Prosecutor Susan Hoffinger explained that there will be details in Daniels' testimony about how the porn star "ended up having a sexual encounter" with Trump.
Persons: Stormy Daniels, Trump, Daniels, , Donald Trump's, Stephanie Clifford, Susan Hoffinger, Daniels —, Attorney Alvin Bragg, Michael Cohen, fumed, Cohen, We're, Susan Necheles, Juan Merchan, It's, Necheles, Merchan, Hoffinger Organizations: Service, Trump, Prosecutors, Attorney, Trump Organization, New Locations: Trump, Manhattan, Trump's, Lake Tahoe, Israel
In a private sidebar conversation, Donald Trump's hush-money judge said he acted out while Stormy Daniels testified. Trump was "cursing audibly" and "uttered a vulgarity" while Daniels answered questions for jurors, the judge said. "I understand that your client is upset at this point, but he is cursing audibly, and he is shaking his head visually and that's contemptuous," Merchan told Trump's lawyer Todd Blanche. AdvertisementDonald Trump was "cursing audibly" during testimony from Stormy Daniels, according to New York Supreme Court Justice Juan Merchan. The judge also said Trump "uttered a vulgarity" when Daniels testified about "The Apprentice."
Persons: Donald Trump's, Stormy Daniels, Trump, audibly, Daniels, , Juan Merchan, Merchan, Todd Blanche, Donald Trump, Susan Hoffinger, Hoffinger, Blanche, Jean Carroll's, Lewis Kaplan, Carroll, Kaplan Organizations: Service, New, Trump, New York, NBC Locations: Lake Tahoe , California, New, Manhattan, Trump's
Dow Jones Industrial Average futures sat near flat Tuesday night after the blue-chip average clinched its longest winning streak since December. S&P 500 futures and Nasdaq 100 futures also both traded near flat. The Dow ticked higher by nearly 0.1% and posted its fifth positive session, which marks its longest winning run going back to December. The S&P 500 also inched up by about 0.1%, while the Nasdaq Composite slipped 0.1%. Nearly 85% of S&P 500 corporations have already shared quarterly results this earnings season.
Persons: Reddit, Dow, Adam Crisafulli, Uber, Philip Jefferson, Susan Collins, Lisa Cook Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Wynn Resorts, Treasury, Disney, Vital, AMC, Traders, Federal, Boston
Donald Trump's attorneys moved for a mistrial Tuesday over Stormy Daniels' testimony. AdvertisementDonald Trump's attorneys moved for a mistrial over Stormy Daniels' graphic testimony on Tuesday, but the judge swiftly denied that motion. Merchan added he was "surprised" the former president's defense team did not raise more objections during Daniels' testimony. "There's no way to unring the bell in our view," Blanche had told the court as he called Daniels' testimony "unduly prejudicial." Merchan ultimately ruled that Daniels' testimony did not rise to the level of scuttling the trial.
Persons: Donald, Stormy Daniels, Daniels, , Donald Trump's, Juan Merchan, Blanche, Merchan, Trump's, Todd Blanche, Trump, Susan Necheles Organizations: Trump, Service, New, Merchan, Prosecutors Locations: Manhattan, Lake Tahoe, Las Vegas
"Am I correct that you hate President Trump?" Advertisement"You didn't take any money out of your pocket to pay President Trump did you?" "You're choosing not to pay President Trump?" "You have said publicly you're not going to pay President Trump?" "It has also cost me a lot of money," Daniels answered.
Persons: Stormy Daniels, Donald Trump, Susan Necheles, Daniels, Trump, , Necheles, he's, she'd, I've Organizations: Trump, Service Locations: New, Necheles
We can break down Daniels’ testimony by five critical “C” components:Curiosity: From the moment Daniels entered the room on stage right, the jury’s eyes — indeed, all eyes in the courtroom — were on her. Character: Assistant District Attorney Susan Hoffinger spent the first 15 minutes or so of direct examination introducing Daniels to the jury. Join us on Twitter and FacebookCross: As with every witness in this trial, the defense, in this case the able Susan Necheles, landed some blows. More fundamentally, Necheles challenged the witness’ credibility on the 2006 encounter with Trump, pointing out that Daniels had previously denied it as recently as 2018. The widely anticipated testimony of Stormy Daniels did not disappoint.
Persons: Norman Eisen, , Donald Trump, CNN —, Stormy Daniels, Norm Eisen, Norm Eisen Daniels, Trump, Daniels, Susan Hoffinger, , Hoffinger, Juan Merchan, Michael Cohen, Susan Necheles, Necheles Organizations: CNN, Trump, Prosecutors, Texas, Twitter, Facebook Locations: Manhattan, Baton Rouge , Louisiana
Ms. Daniels could take the stand to testify against Mr. Trump as early as this week. Her presence would let Mr. Trump’s defense lawyers attack Ms. Daniels as an extortionist and question her credibility. Nor can she testify about the plan for Mr. Trump to hide his reimbursements to Mr. Cohen by characterizing them as legal fees. Mr. Trump’s lawyers contend that he did not know that the checks he signed for Mr. Cohen were not for legal fees, and that Mr. Cohen and Mr. Trump’s employees were responsible for any false records. “He has never thought that the little man, or especially women, and even more, women like me, matter,” Ms. Daniels said.
Persons: Donald J, Trump, Stormy Daniels, Daniels, Alvin L, Bragg, Trump’s, Michael Bachner, Bachner, Dave Sanders, Stephanie Clifford, Barrett, “ I’m, Donald Trump, ” Ms, Norm, , Peacock, J., r. “ Organizations: Mr, The New York Times Locations: Manhattan, New York City, Baton Rouge, La, Texas, Florida, New York
Pro-Palestinian protesters gather at the campus of George Washington University on May 3. Susan Walsh/APGeorge Washington University President Ellen Granberg said the pro-Palestinian protest encampment that has occupied part of the university's campus for more than a week "has grown into what can only be classified as an illegal and potentially dangerous occupation of GW property." “All of these things have happened at GW in the last five days.”She said the encampment is in violation of multiple university policies and is occupying the space reserved for law students' final exams. The university also believes the protest involved people not affiliated with the school, she said. CNN has reached out to MPD for more details.
Persons: Susan Walsh, Ellen Granberg, Granberg, , Muriel Bowser, ” Granberg Organizations: George Washington University, AP George Washington University, Police, GW, DC Metropolitan Police Department, Washington Post, DC’s Metropolitan Police Department, DC, CNN Locations: Gaza, DC’s
A Meta product manager who also worked at Google in a similar role revealed some differences between the tech companies based on his experiences over the past six years. AdvertisementCompany transparencyMeta does maintain some of the transparency the company was known for in its earlier days, McKinnon wrote. At Meta, McKinnon was aware of what other teams were working on, partly through the company's internal forums and dashboards. At Google, employees mostly communicate through email or chat, so it's more difficult to know what everyone is doing, McKinnon wrote. At Google, McKinnon saw that projects were largely created and led by software engineers, and PMs played a more auxiliary role.
Persons: , Daniel McKinnon, Ray, McKinnon, Googlers, Meta's, Mark Zuckerberg, Sundar, Alphabet's, Sundar Pichai wasn't, Zuckerberg, Meta, VPs, Susan Li Organizations: Meta, Google, Service, Unit, Business, Facebook, . Software Engineers Locations: Meta
These Couples Survived a Lot. Then Came Retirement.
  + stars: | 2024-05-05 | by ( Susan Dominus | ) www.nytimes.com   time to read: +1 min
Barbara and Joe met 13 years ago, two divorced people who had relentlessly climbed their way up from working-class backgrounds. Joe co-founded a delivery business that he sold in 2021 for an amount that meant he would never have to work again; he retired in January last year. Since retirement, she reported, Joe had found himself untethered. Now he also wanted her to look at the funny dog videos that made him laugh, and yes, funny pig videos too. “But I’m going crazy or going back to work, whichever comes first.”
Persons: Barbara, Joe, untethered, ,
Wheat futures hit a one-week high on renewed concerns over dry weather in Russia, the world's biggest wheat supplier. In Argentina, corn stunt disease spread by leaf-cutter insects and adverse weather prompted the Buenos Aires grains exchange to slash its estimate for Argentina's 2023/24 corn harvest by 3 millions metric tons to 46.5 tons. In wheat, Russia's IKAR agricultural consultancy cut its forecast for the country's crop to 91 million metric tons from 93 million tons and its wheat exports to 50.5 million metric tons from 52 million tons. Wheat futures jumped as weather forecasts showed the region getting virtually no rain in the coming two weeks. Managed money funds held a net short position in CBOT wheat futures at the beginning of 2024 because of a strong dollar and slow U.S. demand, Zuzolo said.
Persons: Jim Niewold, Susan Stroud, Mike Zuzolo, Nature, Zuzolo Organizations: Chicago Board of Trade, Global, Analytics Locations: Loda , Illinois, Brazil, Russia, Brazil's Rio Grande do Sul, Argentina, Buenos Aires, South America
Sadiq Khan Heads for 3rd Term as London Mayor
  + stars: | 2024-05-04 | by ( Stephen Castle | ) www.nytimes.com   time to read: +1 min
Sadiq Khan, the two-term center-left mayor of London, was poised on Saturday to become the first three-time winner of the job by a clearer margin than some of his supporters had predicted. Mr. Khan, from the main opposition Labour Party, was initially elected to the post in 2016, becoming London’s first Muslim mayor, and would now become the first politician to win three consecutive terms since the role was created in 2000. With the Labour Party well ahead in the opinion polls ahead of a looming general election, many analysts had expected Mr. Khan to cruise to a comfortable victory in a city that tends to lean to the left, but some saw the potential for an unexpectedly tight race against Susan Hall, representing Britain’s governing Conservative Party. That prospect quickly faded on Saturday, with Mr. Khan’s party declaring victory and the BBC forecasting him as the winner after results from half of London’s regions showed the mayor exceeding his performance in his last election, in 2021.
Persons: Sadiq Khan, Khan, London’s, Susan Hall, Khan’s Organizations: Labour Party, Conservative Party Locations: London
CNN —Sadiq Khan has won a third term as London’s mayor, Labour Party sources claimed on Saturday, capping a round of local elections across England that confirmed the political supremacy of the main opposition party. Sunak has resisted calls to outline when he will hold that vote, and Labour leads opinion polls by a huge margin. Keir Starmer’s opposition party won control of eight councils, and also stormed to victory on Thursday in a Westminster by-election in Blackpool. In particular the loss of Oldham council, a north-west English town, where around a quarter of the population is Muslim. If his victory is confirmed, Khan would become the first mayor of London to serve a third term since the post was created in 2000.
Persons: CNN — Sadiq Khan, Khan, Susan Hall, Rishi Sunak, , Sunak, Keir Starmer’s, Yvette Cooper, Donald Trump Organizations: CNN, Labour Party, Conservative, England, Labour, Conservatives, Tories, BBC Locations: England, West Midlands, Tees, Westminster, Blackpool, Gaza, Oldham, London
Labour's Sadiq Khan wins re-election as London mayor
  + stars: | 2024-05-04 | by ( ) www.cnbc.com   time to read: +1 min
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Sadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing Conservatives in local elections ahead of Britain's national vote later this year. For Labour, London is the latest of a number of councils and mayoralties it has won in the local elections, which took place on Thursday, inflicting heavy losses on Prime Minister Rishi Sunak's Conservatives. Opinion polls predict that Labour will win the next national election, propelling its leader Keir Starmer to power and ending 14 years of Conservative government in Britain. Khan, 53, who became the first Muslim mayor of the British capital in 2016, has pledged to build more social housing and work with a future national Labour government to boost police capacity.
Persons: London Sadiq Khan, Sadiq Khan, Rishi Sunak's, It's, Khan, Susan Hall, Keir Starmer, Rishi Sunak Organizations: U.S, Labour, Conservatives, Tory, Conservative, Labour Party, Labour government Locations: London, Britain
As companies race to deploy artificial intelligence in ways that aim to make them better at operating, hiring, and competing, they're also chasing after top AI talent, including filling the position of chief AI officer. A lot of these companies, Doonan said, "can't really articulate what they want, why they want it, and what are the outcomes that they're looking for." "All I could think is that you could change the word 'cowbell' to 'AI,'" Doonan said. Without that understanding, Doonan said companies are going to hire "somebody really senior and they're going to be doing [data] clean-up for the next two years. Of course, that hasn't stopped companies from wanting to add a chief AI officer to their ranks.
Persons: they're, Mike Doonan, Doonan, CNBC's, Jon Fortt, Christopher Walken, that's, hasn't, LinkedIn's, I've Organizations: CNBC Technology, Alteryx's Enterprise
Without saying so specifically, the upshot from Trump’s attorney was that the Trump deals followed a pattern that bordered on extortion. The upshot from Trump’s attorney was that the Trump deals followed a pattern that bordered on extortion. After the lunch break, Trump attorney Susan Necheles said Trump’s legal team feels the gag order is ambiguous about whether Trump can repost article written by lawyers analyzing the trial. During Tuesday’s session, Davidson testified that he ended up getting involved with the Daniels deal because Cohen was being so difficult. “The moral of the story was: No one wanted to talk to Cohen,” Davidson said.
Persons: Donald Trump’s, Stormy Daniels, ” Trump, Emil Bove, Keith Davidson, – Hulk Hogan, Lindsay Lohan, Charlie Sheen, Tila Tequila –, Davidson, Michael Cohen, Daniels, Judge Juan Merchan, Trump, Karen McDougal, Bove, Cohen, McDougal, ” Davidson, Hulk Hogan, , , Hogan, ” Bove, Joshua Steinglass, ” Merchan, Merchan, Chris Conroy, David Pecker, “ He’s, ” Conroy, Conroy, Trump “, Todd Blanche, Blanche, Susan Necheles, “ I’m, Trump’s, , ’ ” Cohen, Daniels “, they’d, ” Prosecutors, Daniels ’, Witnesses, Michael Cohen Davidson, Cohen –, , , I’m, I’ve, ’ ” Davidson, Cohen’s, Pecker, he’s, Hunt Organizations: CNN, Trump, AMI, Bove, Democratic, Locations: Washington
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