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JACKSONVILLE, Fla. (AP) — The U.S. Department of Justice has closed its review of the case of a drug suspect who was repeatedly punched, elbowed and kneed by police officers during a traffic stop in northeast Florida, officials said Friday. James Felte Jr., Justice Department criminal section chief, wrote in a letter to Jacksonville Sheriff T.K. Waters that the arrest of Le’Keian Woods does not give rise to a prosecutable violation of federal civil rights laws. Mug shots taken after the arrest showed him with both eyes swollen shut and bruises and cuts on his face. Officers knew Woods had once been accused of murder, was on probation for armed robbery and had been connected to firearms and drug trafficking when they gave chase after a traffic stop, Waters said.

Persons: James Felte Jr, Waters, Le’Keian Woods, Woods, Harry Daniels, “, ” Woods Organizations: U.S . Department of Justice, Department, Jacksonville Sheriff T.K Locations: JACKSONVILLE, Fla, Florida

☆ Buy these 15 stocks to mimic a strategy that's crushed the S&P 500 since 2008 and has more than doubled its returns in the last 12 months
▼ + stars: | 2023-11-03 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Stocks have rallied this week as optimism builds about earnings and interest rates. Strategists at BMO Capital Markets see the gains continuing through year-end. US stocks can continue their winning streak through the end of 2023, according to BMO Capital Markets. As expected, the Federal Reserve declined to raise interest rates at its November 1 meeting. Chairman Jerome Powell indicated that higher long-term interest rates set by the market made another hike unnecessary, as Bill Adams, Comerica Bank's economy chief, recently noted.

Persons: Stocks, Jerome Powell, Bill Adams Organizations: BMO Capital Markets, Federal Reserve, Comerica

☆ Jury in Sam Bankman-Fried Trial Expected to Begin Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors are expected to begin deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. The deliberations cap a nearly monthlong trial in which jurors heard testimony from more than 20 witnesses, including Bankman-Fried. On Thursday morning, a prosecutor delivered a rebuttal to the closing arguments made by Bankman-Fried’s defense team.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried

☆ Jury in Sam Bankman-Fried Trial Begins Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors began deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. “Now it’s your job to decide who you believe,” U.S. District Judge Lewis Kaplan told jurors before they started.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

☆ Sam Bankman-Fried Is Convicted of Fraud in FTX Collapse
▼ + stars: | 2023-11-02 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried was convicted Thursday of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history. A New York federal jury convicted him of all seven counts he faced. The verdict capped the stunning fall of the onetime crypto king, whose shaggy-haired, boy-genius persona helped catapult FTX into a powerhouse trading platform that sponsored sports teams and ran glitzy ads featuring football great Tom Brady, model Gisele Bündchen and comedian Larry David.

Persons: Sam Bankman, Fried, Tom Brady, Gisele Bündchen, Larry David Organizations: New Locations: New York

☆ FBI Searches Home of Fundraiser for New York City Mayor
▼ + stars: | 2023-11-02 | by ( Ginger Adams Otis | James Fanelli | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

The nearly monthlong trial, in courtroom 26A in downtown Manhattan, of one-time crypto billionaire Sam Bankman-Fried was courtroom drama. The line to get into the courthouse could start as early as 11:30 p.m. the night before, and, on some days, courtroom slots were claimed by 4:30 a.m. Anyone who didn’t make it into the courtroom could watch the action on TV screens in overflow rooms. There, it could get rowdy, with laughing or heckling in response to witness testimony.

Persons: Sam Bankman, Fried Locations: Manhattan

☆ FBI Searches Home of NYC Mayor’s Fundraiser
▼ + stars: | 2023-11-02 | by ( Ginger Adams Otis | James Fanelli | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

LOS ANGELES (AP) — LeBron James had 35 points and 11 rebounds, Austin Reaves scored seven of his 15 points in overtime and the Los Angeles Lakers snapped an 11-game losing streak against the Los Angeles Clippers with a 130-125 victory Wednesday night. D'Angelo Russell scored 27 points and Anthony Davis had 27 points and 10 rebounds for the short-handed Lakers, who beat their local rivals for the first time since July 2020 in the Florida bubble. The 17-time NBA champion Lakers hadn’t beaten the Clippers on the Lakers' home court at their shared arena since Christmas 2016, also losing 11 in a row. “It’s just been a process this year of us figuring each other out as a group,” Lakers coach Darvin Ham said." Leonard scored a career-high 18 points in the first quarter, hitting seven of his eight shots with four 3-pointers.

Persons: LeBron James, Austin Reaves, D'Angelo Russell, Anthony Davis, Lakers hadn’t, ” Reaves, ”, James Harden, Kawhi Leonard, Paul George, “, Tyronn Lue, George, Russell, Reaves, Leonard, James, Russell Westbrook, Christian Wood, Westbrook, “ It’s, Darvin Ham, P.J, Tucker, Harden, ” Lue, They’re, Jarred Vanderbilt, Rui Hachimura, Gabe Vincent, Jalen Hood, Prince, Hachimura, ” Leonard, “ They’re, ” George, ___ Organizations: ANGELES, Los Angeles Lakers, Los Angeles Clippers, Lakers, NBA, Clippers, ” Clippers, Sacramento, ” Lakers, Philadelphia, Los, Southern, NEXT Clippers, New York, Monday, Orlando Locations: Florida, Los Angeles, Southern California, warmups, New

☆ LeBron James’ big night carries Lakers past Clippers in overtime as James Harden trade is made official
▼ + stars: | 2023-11-02 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

For the shorthanded Lakers – missing five key contributors through injury – James filled out the box score as his squad ended its 11-game losing streak against the Clippers. The exclamation point of the impressive performance came in overtime when James emphatically converted an alley-oop from Austin Reeves to effectively seal the victory. In an encounter in which the Clippers had led for the majority of play, James took over late in the day. But in the additional five minutes, Reaves scored seven of his 15 on the night as the Lakers were able to grab an important victory. New Clipper James Harden looks on from the bench during the first quarter against the Lakers.

Persons: LeBron James ’, James, Anthony Davis, D’Angelo Russell, – James, Austin Reeves, James ’, Bronny, he’s, Reeves, ” James, Johnson, Kareem, Abdul, Jabbar, Kawhi Leonard, Paul George, Leonard, George, James wowed, Reaves, New Clipper James Harden, Katelyn Mulcahy, James Harden, Russell Westbrook – Organizations: CNN, NBA, Lakers, Clippers, Lakers –, Showtime, New Clipper, Philadelphia 76ers, Oklahoma City Thunder, Houston Rockets Locations: Angeles

☆ Ivanka Trump asks to pause NY fraud trial, says testimony during ‘school week’ creates ‘undue hardship’
▼ + stars: | 2023-11-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Ivanka Trump asked a New York appeals court to pause the $250 million fraud trial of her family and its business empire as she appeals a judge's order requiring her to testify in the case next week. New York Attorney General Letitia James urged the appeals court to reject that request, calling it a "drastic" and baseless move that "would upend an ongoing trial." Ivanka Trump was originally listed as a co-defendant as well, but she was removed earlier this year on statute of limitations grounds by a New York appeals court earlier. In Thursday's filing to the appeals court, Ivanka's attorney argued that she is "beyond the jurisdiction" of Engoron's court and that the judge made "multiple errors" when he declined to quash subpoenas for her testimony. Ivanka Trump "has firsthand knowledge of issues that are central to the ongoing trial," James wrote.

Persons: Ivanka Trump, —, Letitia James, Arthur Engoron's, Donald Trump, Donald Trump Jr, Eric Trump, James, Eric, Trump, Bennett Moskowitz, Moskowitz, Ivanka, OAG, Trump's Organizations: New York, Judicial Department, Division, Trump Organization, Trump Jr Locations: York, Manhattan, New York, Florida

☆ Home sellers are slashing prices in these 13 cities, and there's new evidence that houses will get even cheaper in early 2024
▼ + stars: | 2023-11-02 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Home values have held up this year despite historically high mortgage rates, but a new report from Realtor.com suggests that property prices could fall under pressure in the coming months. The firm said that price growth was flat — even as mortgage rates rose to a 23-year-high. Higher borrowing costs dampened demand, though it's possible homebuyers were worried that mortgage rates would soar even higher and wanted to buy before that could happen. Limited supply kept property prices afloat, as Realtor.com found that inventory fell 2% from October 2022. 13 cities where sellers are cutting pricesWhile listing prices are falling across the nation, the trend is especially noticeable in the South and Midwest.

Persons: Danielle Hale, Realtor.com, Hale, it's Locations: West, Midwest, Antonio , Texas, San Jose , California, Memphis , Tennessee, Dallas , Texas, Miami , Florida, South

☆ Sam Bankman-Fried’s Lawyers Seek to Regain Ground in FTX Trial
▼ + stars: | 2023-11-01 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried said repeatedly from the witness stand that he couldn’t recall many of his past statements. Photo: jane rosenberg/ReutersSam Bankman-Fried ’s lawyers rested their case Tuesday after seeking to rehabilitate the FTX founder’s credibility from the prosecutors’ two-day grilling. Bankman-Fried, dressed in a gray suit, floundered through the end of Assistant U.S. Attorney Danielle Sassoon’s cross-examination.

Persons: Sam Bankman, Fried, jane rosenberg, Reuters Sam Bankman, Danielle Sassoon’s Organizations: Reuters, U.S

☆ Take advantage of this stock market correction and another quarter of strong earnings by making these 10 moves now, according to top strategists at 4 investment firms
▼ + stars: | 2023-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.

Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte

In a courtroom sketch, Judge Lewis Kaplan watches as FTX founder Sam Bankman-Fried testifies earlier in his fraud trial. Photo: jane rosenberg/ReutersSam Bankman-Fried faced his biggest test in the legal hot seat Monday, grilled by a federal prosecutor who was intent on poking holes through the FTX founder’s claims that unfortunate management mistakes, not criminal activity, were to blame for the crypto exchange’s collapse. The fallen crypto star, testifying in his own defense in New York against fraud and other charges, began by confidently answering questions from his own lawyer, saying he had been honest with customers and investors and believed his business empire was in good financial shape. The trial proceedings shifted quickly after Assistant U.S. Attorney Danielle Sassoon began her cross-examination and sought to confront Bankman-Fried with a litany of his past public statements whose truthfulness she questioned.

Persons: Lewis Kaplan, Sam Bankman, Fried, jane rosenberg, Reuters Sam Bankman, Danielle Sassoon, Bankman Organizations: Reuters, U.S Locations: New York

Blocking users is a function often employed on social media to stifle critics. The justices, hearing about three hours of arguments, focused on spelling out the circumstances for deciding whether public officials were acting in their personal capacity when blocking critics or engaged in a "state action." Conservative Justice Samuel Alito cited a hypothetical town manager who puts a municipal seal on his own social media page and tells citizens to express their views. Under this test, Mooppan argued, the social media activity of his clients was not governmental. Some justices asked whether requiring public officials to include disclaimers on their personal pages making clear their social media activity is not governmental would help disentangle their private and public capacities.

Persons: Samuel Alito, Alito, Hashim Mooppan, Mooppan, Elena Kagan, Donald Trump, " Kagan, Evelyn Hockstein, Trump, Joe Biden's, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, Kevin Lindke, James Freed, Freed, Ketanji Brown Jackson, Brett Kavanaugh, Victoria Ferres, Ferres, John Kruzel, Andrew Chung, Will Dunham Organizations: WASHINGTON, U.S, Supreme, Twitter, Facebook, Conservative, Liberal, REUTERS, Poway Unified School District, Circuit, Appeals, City, Thomson Locations: California, Michigan, Poway , California, Port Huron, Washington , U.S, San Francisco, Cincinnati, New York

The Authority of Law statue is seen outside the U.S. Supreme Court at the start of the new term in Washington, U.S., October 2, 2023. The Supreme Court is tasked with deciding whether the public officials engaged in a "state action" in blocking critics from social media accounts or were merely acting in their personal capacity. The justices also are due to decide other important cases involving speech on social media during their current nine-month term. One involves a challenge to Republican-backed state laws limiting the ability of social media platforms to remove or moderate content deemed objectionable or misinformation. Circuit Court of Appeals agreed, ruling that Zane and O'Connor-Ratcliff had presented their social media accounts as "channels of communication with the public" about school board business.

Persons: Evelyn Hockstein, Joe Biden's, Donald Trump's, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, O'Connor, Kevin Lindke, James Freed, Lindke, Freed, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, WASHINGTON, Twitter, Facebook, Meta, Republican, Poway Unified School District, Circuit, Appeals, City, Thomson Locations: Washington , U.S, California, Michigan, Poway , California, Port Huron, Francisco, Cincinnati, New York

☆ A top-9% fund manager shares how he built an 'anti-fragility' portfolio that outperforms in bull and bear markets — and shares 8 of his favorite investments to make now
▼ + stars: | 2023-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

His foreign-focused, large-cap growth fund is in the top 9% of its category in 2023 with a 4.8% gain compared to a 0.5% loss for its index, according to Morningstar. "And so we don't recalibrate the portfolio much year in, year out or rebalance it for different macro outlooks." Target top-of-the-line stocks, but pay a fair priceUnlike many other managers, Erickson only allows a few dozen stocks in his fund. 8 top investments to make nowMany US-based investors avoid international stocks entirely since the prevailing narrative is that the group is risky, given its heightened exposure to geopolitical conflict. International stocks in four sectors look especially promising right now, Erickson said: consumer discretionary, consumer staples, healthcare, and information technology.

Persons: Elias Erickson, he's, Morningstar, Erickson, We're, It's, there's Organizations: Companies, SAP, Mastercard Locations: New York

☆ Sam Bankman-Fried Tells Jurors He Didn’t Commit Fraud
▼ + stars: | 2023-10-28 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Illustration: Illustration by Alexandra Citrin-Safadi/WSJSam Bankman-Fried made a direct appeal to jurors who will decide his fate, testifying Friday that he made mistakes large and small while running crypto exchange FTX but didn’t defraud customers out of billions of dollars. Taking the witness stand in his own defense, Bankman-Fried sought to portray himself as a well-meaning entrepreneur who set out to improve crypto markets and unintentionally did “the opposite of that.”

Persons: Alexandra Citrin, Sam Bankman, Fried, ”

☆ Look of the Week: LeBron James flies the flag for the man bag
▼ + stars: | 2023-10-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Four-time NBA champion LeBron James is the latest male celebrity to be spotted out and about wearing a high-fashion bag. James arrived in Denver wearing a green Louis Vuitton Speedy bag. Jacob Elordi was seen this summer in an array of it bags, including this burgundy Valentino Loco bag. Indeed, men wearing bags are consistently the butt of jokes in internet memes, comic strips, and even stand-up comedy sets. Doubtless it’s a dedication appreciated by the likes of James, Elordi, A$AP and Tyler, whose street style looks contribute further proof — were any needed — that man purses are enjoying a newfound socio-cultural appreciation.

Persons: LeBron James, James, Louis Vuitton, Garrett Ellwood, Kim Kardashian, Rihanna, Jacob Elordi, Sofia Coppola’s, “ Priscilla ”, Burberry Sanford, Valentino, James ’, “, ”, Tyler, — Tyler, Alessandro Levati, Joey, Chandler, Ross, Andrew Schulz, Rocky, Jackson Lee, Pharrell, Elordi Organizations: CNN, Ball, LA Lakers, Denver’s Nuggets, Burberry, tote, GQ Magazine, Louis Vuitton Locations: Denver , Colorado, Denver, bro

☆ The Spaulding Smails Democrats Get a New Speaker
▼ + stars: | 2023-10-27 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Speaker of the House Mike Johnson (R., La.) Photo: Michael Brochstein/Zuma PressWednesday’s ascension of Rep. Mike Johnson (R., La.) as the new speaker of the House brings cause for optimism and also a helpful clarification. The previous Speaker, Rep. Kevin McCarthy (R., Calif.), is a savvy political operator. But he made clear that there were some deals he wasn’t willing to cut to hold on to power.

Persons: Mike Johnson, Michael Brochstein, Kevin McCarthy Organizations: U.S . Capitol, Zuma Locations: Calif

☆ The NBA is shooting for a new media rights deal worth up to $60 billion, nearly triple its previous pact, that will pay teams and players millions more
▼ + stars: | 2023-10-27 | by ( James Faris | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

Media analysts widely expect the league to select at least three distributors for its next media rights deal after the current setup expires in 2025. Comcast's NBCUniversal could be a frontrunner for a spot in the NBA's new media deal alongside Amazon, Nispel said. NBA players could be poised to earn sky-high paydaysThe NBA's last media deal — the $24 billion contract it struck in 2014 — was nearly triple the value of its previous pact. The pressure is now on the NBA to deliver a media deal that satisfies teams, athletes, and fans. Still, Macquarie media analyst Tim Nollen is optimistic about the size of the NBA's next media rights deal.

Persons: Jessica Reif Ehrlich, disruptors, Brandon Nispel, Nispel, —, Shirin Malkani, who's, Perkins, Leron Rogers, that's, Mark Patricof, Tim Nollen, Nollen, Reif Ehrlich, Ehrlich Organizations: NBA, Media, ESPN, Warner Bros, TNT, Disney, Apple, NBC, Comcast, Wall Street, Bank of America, NFL, MLB, NHL, KeyBanc Capital, Amazon, Flagship, ABC, Prime, Industry, Patricof, Macquarie, Diamond Sports

☆ A bullish portfolio manager shares why there won't be a recession as GDP growth reaccelerates — and names 8 stocks set to benefit from strong consumer spending
▼ + stars: | 2023-10-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"Based upon the economic data that I've seen and what you read and hear about, I do not expect there to be a recession," Pounardjian said in a recent interview with Insider. And what happens, of course — there's not a recession," Pounardjian said. 8 ways to bet on strong consumer spendingWhile many of his fellow portfolio managers ditched stocks, Pounardjian stayed calm last year and kept his clients' money in markets. "The baby gets thrown out with the bathwater, and the market shoots first and asks questions later," Pounardjian said of consumer stocks. Below are eight stocks in the consumer staples sector that are held by Pounardjian, his clients, or both.

Persons: Razmig Pounardjian, Pounardjian, We've, There's, it's, Derek Thompson Organizations: Bulls, Carnegie Investment, The

☆ Sam Bankman-Fried Says FTX Actions Were Guided by Lawyers
▼ + stars: | 2023-10-26 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: +1 min

FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoFTX founder Sam Bankman-Fried previewed a potential defense Thursday when he told a federal judge that he relied on the blessing of lawyers to make business decisions such as deleting communications and making loans to himself, actions that prosecutors said allowed him to commit the crimes that led to the implosion of his crypto exchange. Bankman-Fried, on trial for fraud, money laundering and other offenses, had been expected to testify in front of a Manhattan federal jury on Thursday afternoon. Instead, in what amounted to an unusual practice session after the jury was dismissed for the day, U.S. District Judge Lewis Kaplan required the FTX founder to walk through several subjects that were in dispute so the judge could rule on what Bankman-Fried could say to jurors.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao FTX, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

☆ Sam Bankman-Fried on Trial: Big Moments So Far
▼ + stars: | 2023-10-26 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried will take the stand in his trial, his defense team has said. Some lawyers say that testifying may be the only chance for Bankman-Fried’s, who faces seven counts of fraud and conspiracy, to change the trial’s momentum.

Persons: Sam Bankman

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