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☆ Embattled FDIC Chief Takes Responsibility for Toxic Workplace Culture
▼ + stars: | 2023-11-18 | by ( Rebecca Ballhaus | ) www.wsj.com time to read: 1 min

Federal Deposit Insurance Corp. Chairman Martin Gruenberg on Wednesday at a House hearing. Photo: Al Drago/Bloomberg NewsFederal Deposit Insurance Corp. Chairman Martin Gruenberg took responsibility and apologized for the agency’s workplace culture in a video to staff Friday, while indicating he doesn’t plan to bow to pressure from Republican senators to resign. “As chairman, I am ultimately responsible for the actions of our agency, both good and bad,” Gruenberg said in his second video message to staff this week. “I bear responsibility for setting the tone for our culture.”

Persons: Martin Gruenberg, Al Drago, ” Gruenberg, ” Organizations: Deposit Insurance Corp, Bloomberg

☆ ‘Take Science Fiction Seriously’: World Leaders Sound Alarm on AI
▼ + stars: | 2023-11-01 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

President Biden on Monday signed a new executive order invoking the Defense Production Act in an effort to rein in the risks of artificial intelligence. Photo: Al Drago/BloombergBLETCHLEY, U.K.—Here in the English countryside, at an estate where World War II codebreakers cracked the Nazis’ Enigma encryption machine, world leaders pledged to work together to lessen risks of a technology they said also poses a grave threat. Artificial intelligence, they said, could in its most advanced forms create catastrophic risks in realms including cybersecurity and biotechnology—or even escape human control.

Persons: Biden, Al Drago Organizations: Monday, Bloomberg Locations: Bloomberg BLETCHLEY, U.K

☆ SafeMoon executives charged in US with fraud related to crypto token
▼ + stars: | 2023-11-01 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

The U.S. Securities and Exchange Commission filed related civil charges against the defendants, and over the Provo, Utah-based company's alleged unregistered sale of the SafeMoon token. Lawyers for SafeMoon and the individual defendants did not immediately respond to requests for comment. According to court papers, SafeMoon also promised investors that the token's features would "drive the price to stratospheric all-time highs" and "Safely to the Moon." SafeMoon was valued at about $50 million on Wednesday afternoon, losing more than half its value after the charges were announced, according to CoinMarketCap. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Al Drago, Kyle Nagy, Braden John Karony, Thomas Smith, SafeMoon, Ivan Arvelo, Smith, BRO, Karony, Nagy, Gary Gensler, Jonathan Stempel, Jonathan Oatis Organizations: U.S . Department of Justice, REUTERS, U.S . Securities, Exchange Commission, SafeMoon, McLaren, Porsche, Homeland Security Investigations, SEC, Thomson Locations: American, Washington , U.S, Brooklyn, Provo , Utah, New York, Provo, Bethlehem , New Hampshire

☆ Workers Keep Getting Big Raises. That’s a Problem for the Fed.
▼ + stars: | 2023-10-31 | by ( Gwynn Guilford | ) www.wsj.com time to read: 1 min

Compensation increases vary depending on where one lives and the industry in which one works. Gains at restaurants, bars and retailers, for example, have slowed after peaking in early 2022. Photo: Al Drago/Bloomberg NewsAmerican workers are still commanding beefy pay raises. That is good news for workers but something that could complicate the Federal Reserve’s inflation fight. Fed officials are likely to hold interest rates steady at this week’s policy meeting Tuesday and Wednesday, but signs of stalled progress in slowing wage and price increases could open the door to another rate increase in the coming months.

Persons: Al Drago Organizations: Bloomberg News

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ Over half of employees have no idea how their companies are using AI
▼ + stars: | 2023-10-24 | by ( Deborah Kong | Nbc East Coast Page | ) www.cnbc.com time to read: +2 min

Over half of employees (54%) say they have no idea how their company is using AI, according to a new survey conducted by UKG, a human resources and workforce technology company. That's despite the fact that the majority of C-suite leaders (78%) say that their company is using artificial intelligence today, according to UKG. Employees should be worried: 68% of C-suite respondents said their company has made AI decisions that are not in employees' best interests. In fact, executives that responded to the survey estimated that 56% of their workforce is directly using AI to automate or augment job tasks. Meanwhile, among workers already transparently using AI, 75% say it makes them more efficient, productive, and accurate.

Persons: Al Drago, UKG, Hugo Sarrazin, Dan Schawbel Organizations: Amazon Devices, Amazon.com Inc, Bloomberg, Getty, Workplace Intelligence, UKG Locations: Arlington , Virginia, UKG

☆ Fed’s Jerome Powell Signals Extended Pause in Interest Rate Rises
▼ + stars: | 2023-10-19 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policy makers do next? Photo: Al Drago/Bloomberg NewsFederal Reserve Chair Jerome Powell suggested that he is pleased with inflation’s decline this summer and that the central bank is unlikely to raise interest rates again unless it sees clear evidence that stronger economic activity jeopardizes such progress. “Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said in prepared remarks for a Thursday lunchtime address in New York. “Incoming data over recent months show ongoing progress toward both” of the Fed’s goals to maintain stable inflation and strong employment.

Persons: Al Drago, Jerome Powell, ” Powell Organizations: Fed, Bloomberg Locations: New York

☆ Why One Fed Official Is Ready to Stop Raising Rates
▼ + stars: | 2023-10-18 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policy makers do next? Photo: Al Drago/Bloomberg NewsThe Federal Reserve should extend its pause on interest-rate increases because of growing evidence that higher borrowing costs will slow the economy despite recent signs of hiring and spending strength, a top central bank official said. Philadelphia Fed President Patrick Harker in a Tuesday interview said he thinks the central bank can likely wait until early next year to decide whether rapid rate increases over the past 20 months have done enough to keep inflation heading lower.

Persons: Al Drago, Patrick Harker Organizations: Fed, Bloomberg, Philadelphia Fed

☆ Why Fed officials aren’t addressing the Israel-Hamas war the way they did with Ukraine
▼ + stars: | 2023-10-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

Emma Jones, a spokesperson for the Fed, declined to comment on why many Fed officials, who in the past moved swiftly to acknowledge the war in Ukraine, weren’t addressing the war in Israel. There are some Fed officials who are starting to talk about it, though — albeit only when asked questions. Fed officials see little immediate threat to the US economyAtlanta Fed President Raphael Bostic was the first to speak about the war, at the American Bankers Association’s annual conference last Tuesday. That’s probably why more Fed officials were quicker to acknowledge the war in Ukraine, Dorn said. “I don’t think the Fed wants to look like they’re taking sides,” Dorn added — but said Fed officials could easily talk about it without looking partial.

Persons: Chris Waller, ” Waller, Michael Barr, Philip Jefferson, Michelle Bowman, Lorie Logan, Emma Jones, James Dorn, “, ”, Raphael Bostic, Bostic, Neel Kashkari didn’t, aren't, they're, Al Drago, Susan Collins, ” Collins, Patrick Harker, we’ve, Harker, JPMorgan Chase, Jamie Dimon, ” Dorn, Dorn, There’s, Gregory Daco, Daco Organizations: New, New York CNN, Federal Reserve, ”, Dallas Fed, Fed, Cato Institute, CNN, Atlanta Fed, American Bankers, Minot State University, Minneapolis, Federal, Bloomberg, Getty, ” Boston, Wellesley College, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Rystad Energy Locations: New York, Ukraine, Russia, Israel, Waller’s, North Dakota, Delaware, Iran, Lebanon, Syria, United States, That’s, Gaza, Hormuz, EY

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

☆ On Amazon, eBay, and Shopify, AI is the new third-party seller
▼ + stars: | 2023-10-13 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

Did AI help in the process of convincing you to spend? We do know for sure that getting a leg up on the competition is getting easier for e-commerce platform sellers through the latest AI. Amazon, for example, recently rolled out a generative AI tool to help sellers write more robust and effective product descriptions. Here's what sellers need to know about using AI to sell more effectively. Customers will find more complete product information, as the new technology will help sellers provide richer information with less effort," the company stated.

Persons: Al Drago, Chris Jones, Greg Mercer, Mercer, Sellers Organizations: Amazon Devices, Amazon.com Inc, Bloomberg, Getty, Amazon Prime, New York Times, Meta, Business, Scout Locations: Arlington , Virginia

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

☆ Inflation is 'always going to be a risk' with the U.S. economy now fundamentally changed, ADP chief economist says
▼ + stars: | 2023-10-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty Images Al Drago | Bloomberg | Getty ImagesInflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP. Prior to that, interest rates had remained low for a decade as central banks around the world looked to stimulate their respective economies in the wake of the global financial crisis. "This was an economy built on very close to zero interest rates for 10 years of economic expansion, and that was OK because inflation was super low," she said. watch now"But now inflation has awakened, and if you look at demographic trends, labor shortages are not going away.

Persons: Al Drago, Nela Richardson, Richardson, It's Organizations: Bloomberg, Getty, U.S . Federal Reserve, Market Committee, Dow Jones Locations: Ocean City , New Jersey, US, U.S

☆ Migrants Overwhelm Border City of Eagle Pass, Texas
▼ + stars: | 2023-09-22 | by ( ) www.wsj.com time to read: 1 min

The Fed Holds Rates Steady: Takeaways From the Latest FOMC MeetingThe Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policymakers do next? Photo: Al Drago/Bloomberg News

Persons: Al Drago Organizations: Fed, Bloomberg

☆ Former Trump aide Meadows files appeal to move Georgia election case to federal court -filing
▼ + stars: | 2023-09-11 | by ( Us Appeals Judge Faults Probe Of Federal Circuit'S Pauline Newman | Andrew Goudsward | August | ) www.reuters.com time to read: +1 min

REUTERS/Al Drago/File Photo Acquire Licensing RightsSept 11 (Reuters) - Mark Meadows, a former aide to Donald Trump who was charged in Georgia with trying to overturn the former U.S. president's 2020 election loss, has appealed a judge's ruling denying his bid to move the case to federal court, a court filing showed on Monday. He also asked the U.S. district court for northern Georgia to stay the effect of its order remanding his case to state court pending his appeal to the 11th Circuit. In that filing, Meadows' lawyers argued that several aspects of the district court's order departed from precedent, including failing to credit Meadows' account of his conduct and duties and raising the burden on Meadows to justify the removal of his case from state court. "There is a substantial possibility that the Eleventh Circuit will disagree with this Court on at least one of these issues, or on other issues Mr. Meadows will raise on appeal," the court filing said. Meadows also argued that not granting a stay would cause irreparable injury to Meadows.

Persons: Mark Meadows, Al Drago, Donald Trump, Steve Jones, Meadows, Trump, Joe Biden, Katharine Jackson, Rami Ayyub, Doina, Chizu Organizations: White, REUTERS, . U.S, District, Fulton, Democratic, Circuit, Appeals, Thomson Locations: Washington , U.S, Georgia, U.S, ., Fulton County

“I personally would like to see the inquiry happen (this) week,” the Georgia Republican told CNN. The two chambers are hundreds of billions dollars apart and divided over controversial social issues that House Republicans have tacked on to their spending bills. “I am against a continuing resolution in any form or fashion,” Gonzales told CNN. “There is a constitutional and legal test that you have to meet with evidence,” Johnson told CNN. If McCarthy again defers an impeachment vote, it could enrage the right.

Persons: Kevin McCarthy, Joe Biden, Marjorie Taylor Greene, Biden, “, capitulating, Donald Trump, McCarthy, Steve Womack, –, hasn’t, Tony Gonzales, Womack, “ McCarthy, Dusty Johnson of, “ He’s, I’ve, Anna Moneymaker, It’s, Ben Cline of, ”, ” Johnson, ” Gonzales, I’m, Gonzales, Bob Good, Al Drago, Greene, ” Greene, Ken Buck, don’t, Johnson, Sen, Marco Rubio, ” Rubio, West Virginia Republican Sen, Shelley Moore Capito, ” Capito, impeaching Biden, Trump, ” Rep, Dusty Johnson, Alex Brandon, Cline, Matt Gaetz, Gaetz, @aoc, eric, Lauren Boebert, defers, ” Womack Organizations: CNN, Federal Aviation Administration, GOP, Georgia Republican, “, Biden, Republicans, Dusty Johnson of South Dakota, ”, Building, Department of Justice, Caucus, Freedom Caucus, Senate, Senate Democrats, Fox Business, Republican, Bloomberg, Getty, House Republicans, –, Street Caucus, Florida Republican, West Virginia Republican, Capitol Locations: Washington, Ukraine, That’s, Arkansas, Tony Gonzales of Texas, Dusty Johnson of South, Washington , DC, Ben Cline of Virginia, Virginia, Ken Buck of Colorado, Florida, South Dakota, ”, Colorado

☆ Mark Meadows fails in bid to move Georgia election case to federal court
▼ + stars: | 2023-09-08 | by ( Jack Queen | ) www.reuters.com time to read: +3 min

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. The law allows a defendant to have their case heard in federal court if the charges against them stem from their official duties. Meadows could have faced a friendlier jury pool in federal court, which draws from a larger and more politically diverse area than Fulton County, Georgia, the Democratic stronghold where the case was filed. Moving to federal court would have also allowed Meadows to argue that he is immune from state prosecution because he was carrying out his duties as a federal official. Meadows, Trump and 17 others were charged in a sprawling indictment in August.

Persons: Mark Meadows, Al Drago, Donald Trump’s, Steve Jones, Meadows, Trump, Joe Biden, Brad Raffensperger, Prosecutors, Kanishka Singh, Jack Queen, Dan Wallis, Noeleen Organizations: White, REUTERS, U.S, District, Fulton, Democratic, Prosecutors, Electoral College, Thomson Locations: Washington , U.S, Fulton County , Georgia, Georgia, Trump, Florida, Washington, New York

☆ Grand jury called for indicting Sens. Graham, Perdue, Loeffler in Trump Georgia election case
▼ + stars: | 2023-09-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The full 25-page report of the special grand jury, which finished its investigative work last winter, was released Friday morning. However, in addition to the three senators, the special grand jury also had recommended indictments be issued against 18 other people who were ultimately not charged by the regular grand jury last month, in addition to the people who did end up being indicted. Both Perdue and Loeffler, who were sitting senators at the time of the 2020 election, were defeated in early 2021 runoff elections by Democrats, Sens. Graham, a staunch Trump ally, is known to have called Georgia Secretary of State Brad Raffensperger after the November 2020 election to ask about absentee ballots in that contest. Trump and his co-defendants were indicted by a regular grand jury in Fulton County Superior Court last month on charges alleging a broad-ranging election conspiracy.

Persons: Kelly Loeffler, David Perdue, Al Drago, Donald Trump, Lindsey Graham of, Trump, Lindsey Graham, Tom Brenner, Michael Flynn, Boris Epshteyn, Cleta Mitchell, Graham, Perdue, Loeffler, Jon Ossoff, Raphael Warnoff, Trump's, Brad Raffensperger, Fani Willis Organizations: Reuters, Republican, Fulton County Superior Court, Capitol, Trump, District of Columbia, Democrats, Sens, Loeffler, Court Locations: Milton , Georgia, Georgia, Lindsey Graham of South Carolina, Fulton, Russia, Washington , U.S, Loeffler, Georgia , Arizona , Wisconsin , Michigan, Pennsylvania, Fulton County

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File photo Acquire Licensing RightsWASHINGTON, Sept 5 (Reuters) - Former White House Chief of Staff Mark Meadows pleaded not guilty on Tuesday to charges in the Georgia election subversion case, joining two other allies of former President Donald Trump. Meadows went from being one of Trump's top Republican allies in the U.S. House of Representatives to becoming his White House chief of staff. Meadows attended White House meetings related to attempts to undo Trump's election defeat. Eastman represented Trump in a long-shot lawsuit to overturn voting results in four states Trump lost in 2020.

Persons: Mark Meadows, Al Drago, Donald Trump, John Eastman, Jeffrey Clark, Trump's, Democrat Joe Biden, Trump, Meadows, Frances Watson, Fulton, Brad Raffensperger, Eastman, Jack Smith's, Mike Pence, Biden, Clark, Jeffrey Rosen, Smith, Rosen, Rudy Giuliani, Doina Chiacu Organizations: White, REUTERS, Rights, White House, Fulton County Superior Court, Republican, Democrat, U.S . House, Trump, U.S, Electoral College, Justice Department, Department, Thomson Locations: Washington , U.S, Georgia, Meadows, Fulton County, U.S, Georgia's Fulton

Those charges center around a voting system breach in Coffee County, Georgia, a rural, Republican district that voted overwhelmingly for Trump in 2020. Willis’ indictment describes the breach, and Powell’s alleged involvement, as central to the broader conspiracy to overturn the 2020 election results in Georgia. Powell has also been identified by CNN as one of Trump’s un-indicted co-conspirators listed in Smith’s federal election indictment. New details about Smith’s ongoing investigation indicate federal prosecutors are scrutinizing a series of voting breaches following the 2020 election that state investigators have been probing for more than a year. Network of operativesIn addition, special counsel prosecutors have also heard from other witnesses about efforts to breach voting equipment in other states.

Persons: Jack Smith, indicting Donald Trump, Smith, Joe Biden, Sidney Powell, Powell’s, Powell, Fani Willis, Willis ’, Smith’s, Donald Trump, Al Drago, Biden, ”, Hugo Chavez, Bernie Kerik, Kerik, Tim Parlatore, Parlatore, Mike Ryan, Bill Bachenberg, Ryan, Bachenberg, Rudy Giuliani, John Eastman –, Jocelyn Benson, Benson, Stefanie Lambert, Nalio Chery, “, ” Benson, Lambert, Trump Organizations: Washington CNN, Trump, CNN, Biden, Republican, Republican National Committee, Bloomberg, Getty, The Coalition, Good Governance, Systems, Network, FBI, Smith’s, Michigan Michigan, Reuters, Pennsylvania, American, Pennsylvania Senate Locations: Georgia, Pennsylvania, Michigan, Arizona, Atlanta, Coffee County , Georgia, Washington , DC, Republic, Coffee, Antrim County , Michigan, Coffee County, Detroit , Michigan, Dieu, Antrim County, Fulton County , Pennsylvania, Fulton County

Another has an ally in Congress vowing to support his legal defense. On Thursday, Trump’s legal team formally asked a judge to sever his case from his co-defendants who want a speedy trial, according to court filings. The prospect of a costly legal defense has prompted some defendants to find other ways to raise money. Paying the legal bills of his co-defendants in Georgia could help the former president keep them all unified as they fight the Fulton County charges. None of the defendants has pleaded guilty, but it is common for criminal defendants facing mounting legal bills to end their cases without the time-consuming costs of a trial.

Persons: Donald Trump’s, Trump, Walt Nauta, Carlos De Oliveira, Newsmax, ” Trump's, Will Lanzoni, ” Trump, haven’t, Trump’s, Eric, Don Jr, Jenna Ellis, John Eastman, Mike Pence, Donald Trump, Jae C, AP Eastman, Jeffrey Clark, Cathy Latham, grumbling, Ellis, “, ” Ellis, Matt Schlapp’s, ” Schlapp, Al Drago, Ron DeSantis, isn’t MAGA, Jenna, –, Sidney Powell, Kenneth Chesebro, Fani Willis, Giuliani, Rudy Giuliani, Erik S, Shutterstock, Andrew Giuliani, Brian Tevis, It’s, I’ll, ” Tevis, CNN’s Kaitlan Collins, Chip Roy, Mark Meadows, ”, ” Roy, Roy, Harrison Floyd, Floyd –, ” Floyd, Ricky Fitchett, ZUMA, Floyd, Todd Harding, he’s, De Oliveira Organizations: CNN, Trump, Save, Save America PAC, AP, Justice Department, Trump Republican, Republican National Committee, Bloomberg, Getty, Florida Gov, Inc, Shutterstock CNN, Giuliani Defense, Texas Republican, Trump White House, Zuma, America, PAC Locations: Georgia, Fulton, Atlanta , Georgia, Los Angeles, Georgia The Georgia, Fulton County, York, Bedminster , New Jersey, New Jersey, Bedminster, Texas, Philadelphia

☆ CNBC Daily Open: Jobs growth slowed down. Markets shot up
▼ + stars: | 2023-08-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain groundU.S. stocks rallied Wednesday on the back of weaker-than-expected economic data, giving the S&P 500 a four-day winning streak. But this could be an opportunity for investors to put their money into other Asian markets, analysts say.

Persons: Al Drago, downwardly, — Organizations: Bloomberg, Getty, CNBC, UBS, Swiss, Credit Suisse, ADP, Japan's Nikkei Locations: Ocean City , New Jersey, US, Swiss, U.S, Asia, Pacific, Shanghai, China

State law would still apply if the case is moved to federal court. The federal officer removal law protects people from state prosecution for carrying out official federal duties. It says that if a person were carrying out duties placed on them by federal law, they cannot be prosecuted for committing a state crime. Legal experts said Jones could allow the case to proceed in federal court and address immunity at a later hearing. If he determines immunity did not apply to the accused actions, the jury trial would take place in federal court, with the broader jury pool.

Persons: Mark Meadows, Al Drago, Donald Trump, Trump's, Meadows, firebrand Marjorie Taylor Greene, Joe Biden, —, Jeffrey Clark, Trump, Eric Segall, Fani Willis, Willis, Georgia's, Alvin Hellerstein, Steve Jones, Josh Blackman, Jones, Tom Hals, Noeleen Walder, Amy Stevens, Stephen Coates Organizations: White, REUTERS, Fulton County Superior Court, Trump, Department of Justice, Republican, Northern District of, Georgia State College of Law, Miami . Fulton, Prosecutors, U.S, U.S . Constitution, Circuit, Appeals, District, South Texas College of Law, Thomson Locations: Washington , U.S, Fulton County, Meadows, Shafer, Northern District, Northern District of Georgia, New York, Washington, Miami ., Miami . Fulton County, Georgia, United States, U.S ., Manhattan's, Atlanta, Wilmington , Delaware

☆ Recent updates for Amazon return to office policies
▼ + stars: | 2023-08-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Previous pronouncements about the revolutionary benefits of remote work have been replaced by vague, data-light arguments on productivity gains from being in the office. Apple, Meta, Bloomberg and Google all have gleaming HQs that would look very silly if those companies continued to embrace remote work. Insider has asked Amazon for comment on its RTO policy several times in recent months and the company has responded. AdvertisementAdvertisementAn internal guideline, obtained by Insider, listed Amazon office locations and the dates they are expected to be fully "ready" to support the RTO mandate. That's what some Amazon employees have done by mocking the company's RTO policy and its famous leadership principles.

Persons: Brad Glasser, there's, we've, Amazon's, LINDSEY WASSON, Andy Jassy, Slack, Beth Galetti, Al Drago, Paul Vixie, Andy Jassy's, Mike Hopkins, Hopkins, Elaine Thompson, snafu, they'd Organizations: Amazon, Tech, Meta, Bloomberg, Google, Seattle, Reuters, Amazon SVP, Human, Services, Company, Amazon Video Locations: Seattle, Seattle , Washington , U.S, Beth Galetti REUTERS, Seattle , New York, Houston, Austin , Texas

☆ Meadows seeks dismissal of Georgia charges against him
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File Picture Acquire Licensing RightsWASHINGTON, Aug 20 (Reuters) - Former White House Chief of Staff Mark Meadows is asking a federal court to dismiss Georgia state criminal charges against him stemming from former President Donald Trump's efforts to overturn the 2020 U.S. presidential election, according to a court document. Meadows claims that his alleged actions, including participating with Trump in a phone call to Georgia Secretary of State Brad Raffensperger, should be immune from state prosecution because they were performed in his capacity as a federal official. "The conduct charged here falls squarely within the scope of Mr. Meadows's duties as chief of staff and the federal policy underlying that role," Meadows' attorneys said in the filing. The document also claimed protection for Meadows under the First and 14th amendments to the Constitution.

Persons: Mark Meadows, Al Drago, Donald Trump's, Meadows, Brad Raffensperger, Trump's, Joe Biden, Trump, Fulton, Raffensperger, David Morgan, Mary Milliken, Mark Porter Organizations: White, REUTERS, Rights, White House, Trump, Georgia, Constitution, Democratic, Thomson Locations: Washington , U.S, Georgia, U.S, Meadows, North Carolina, Georgia's Fulton County, Trump

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