DIRS.INFO The most relevant business & tech news

☆ Jan. 6 committee live updates: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-19 | by ( Summer Concepcion | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +42 min

Committee details Trump allies' efforts to obstruct its investigation In its report summary, the committee detailed some of the efforts to obstruct its investigation. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present. The committee will likely reveal Eastman’s referrals during Monday’s meeting, in addition to expected criminal referrals for Trump.

☆ Jan. 6 committee summary: Ivanka Trump not 'forthcoming'; Giuliani changed tone on stolen election during deposition
▼ + stars: | 2022-12-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +6 min

In some cases, the committee said the purported memory lapses were not credible and appeared to be an attempt to conceal information. Yet the panel suggests that she knew more than she was letting on, contrary to others, like then-White House counsel Pat Cipollone. That appeared to be the case with Ornato,” according to the executive summary. The committee says it has “significant concerns about the credibility of this testimony,” according to the executive summary, and says it will release the transcript of his November interview. The panel alleges Trump also reached out to witnesses, without naming names: “The Select Committee is aware of multiple efforts by President Trump to contact Select Committee witnesses.

☆ U.S. Capitol riot panel meets, to ask prosecutors to charge Trump
▼ + stars: | 2022-12-19 | by ( Patricia Zengerle | ) www.reuters.com time to read: +5 min

[1/3] A mob of supporters of then-U.S. President Donald Trump climb through a window they broke as they storm the U.S. Capitol Building in Washington, U.S., January 6, 2021. While potentially damaging to Trump's reputation as he starts a bid for the White House in 2024, any recommendations would be non-binding and the Justice Department itself will decide whether to pursue prosecutions. NBC reported on Monday that the committee believed it had sufficient evidence for criminal referrals against Eastman citing unnamed sources. Some prominent Republicans have urged the party to move on from Trump's focus on 2020 as they select a nominee for 2024. A Reuters/Ipsos poll in October found that two in five Republicans believed Trump was at least partly responsible for the attack.

☆ Trump a target as U.S. Capitol riot probe votes on criminal referrals
▼ + stars: | 2022-12-19 | by ( Patricia Zengerle | ) www.reuters.com time to read: +6 min

[1/3] A mob of supporters of then-U.S. President Donald Trump climb through a window they broke as they storm the U.S. Capitol Building in Washington, U.S., January 6, 2021. The committee is scheduled to meet Monday to consider referrals and vote on its final report, which it expects to release in full on Wednesday. It subpoenaed Trump in October, asking him to testify and provide documents, but he filed suit to block the action. A Reuters/Ipsos poll in October found that two in five Republicans believed Trump was at least partly responsible for the attack. Four of the committee's members, including both Republicans, leave Congress early next year.

☆ U.S. House Jan. 6 Capitol riot probe to consider Trump criminal referral
▼ + stars: | 2022-12-19 | by ( Patricia Zengerle | ) www.reuters.com time to read: +6 min

The committee is scheduled to meet Monday to consider referrals and vote on its final report, which it expects to release in full on Wednesday. With Republicans due to take control of the House of Representatives next month, the Jan. 6 committee is expected to be disbanded, even as Trump seeks the Republican nomination to run for the White House again in 2024. It subpoenaed Trump in October, asking him to testify and provide documents, but he filed suit to block the action. A Reuters/Ipsos poll in October found that two in five Republicans believed Trump was at least partly responsible for the attack. Four of the committee's members, including both Republicans, leave Congress early next year.

☆ Key things to watch out for in the Jan. 6 report beyond Trump
▼ + stars: | 2022-12-18 | by ( Michael Conway | Michael Conway Was Counsel For The House Judiciary Committee In The Impeachment Inquiry Of President Richard Nixon In In That Role | He Assisted In Drafting The Committee'S Final Report To The House In Support Of The Three Articles Of Impeachment Adopted The Committee. Conway Is A Graduate Of Yale Law School | ) www.nbcnews.com time to read: +8 min

The expected recommendation that former President Donald Trump be prosecuted would be a political thunderbolt. For initial news reporting, journalists will gravitate to it rather than the report itself, and so will the general public. The expected recommendation that former President Donald Trump be prosecuted would be a political thunderbolt. On Thursday, House Democrats introduced legislation to bar Trump from holding federal office in the future. For prosecutors who have subpoenaed key witnesses to testify to a federal grand jury, this would create a unique advantage.

☆ A former Disney Imagineer started out carving iconic theme-park signs from wood. Now he's a craftsman making custom works of art for Disney fans that cost $50,000 and take 350 hours.
▼ + stars: | 2022-12-16 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

A recent commission of a "Beauty and the Beast"-themed mantel face measuring 6 feet by 14 inches took Kinman, by his estimate, around 350 hours from August to November. 2022 — 'Beauty and the Beast' mantel face (private collection)Kinman's 'Beauty and the Beast' mantel face was for a private collection in Oregon. The other side of the mantel face depicts the characters Mrs. Potts and Chip. Here he's carving a door out of mahogany. He's also excited about a carving he's been commissioned to do of Scrooge McDuck sitting in his money room.

☆ Meet 41-year old Judge Aileen Cannon, the Trump-nominated Floridian who will pick the special master to weed through the documents seized at Mar-a-Lago
▼ + stars: | 2022-12-13 | by ( Kimberly Leonard | Azmi Haroun | ) www.businessinsider.com time to read: +9 min

Judge Aileen Cannon recently reversed a big win that she had handed Trump's defense team. Judge Aileen Cannon gave her confirmation testimony to the Senate Judiciary Committee over Zoom on July 29, 2020. There, she prosecuted cases involving narcotics, fraud, firearms, and immigration cases, according to her Senate confirmation document. Cannon during her confirmation hearing thanked Rubio as well as fellow Republican Sen. Rick Scott of Florida for their "continued support." "Judge Cannon is a great judge who I am very proud to have enthusiastically supported," Rubio told Insider through his office when asked about the connection.

☆ Vanguard's decision to leave the world's biggest climate-finance group could impede Biden's plan to protect Americans' savings from the climate crisis
▼ + stars: | 2022-12-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Vanguard announced on Wednesday it's pulling out of an initiative to fight climate change. Biden previously proposed a plan to involve the financial sector in reaching net zero carbon emissions. As Insider previously reported, Biden last year released a report that focused on mitigating the financial risks climate change puts on people's retirements, pensions, savings, and more. However, Republicans have plans to increase oversight over Wall Street firms that are assessing climate change and prioritizing environmental, social and governance causes, known as ESG. Still, the world is making some progress toward fighting the financial risks of climate crisis.

☆ The Cienfuegos Affair: Inside the Case that Upended the Drug War in Mexico
▼ + stars: | 2022-12-08 | by ( Tim Golden | ) www.nytimes.com time to read: +4 min

Seth DuCharme, who had returned to the Eastern District as the interim U.S. attorney after working as one of Barr’s counselors, offered a powerful defense of the prosecutors’ case. “Is it worth it?” Barr asked at one point, according to one official’s notes of the meeting. According to current and former Justice Department officials, Barr later asked one of his aides for an evaluation of the evidence against Cienfuegos. Ebrard told Barr he wanted to see the evidence against Cienfuegos. On Barr’s orders, Robotti and other Eastern District prosecutors hurriedly assembled a file of more than 700 pages of intercepts.

☆ Will the Fed 'raise and hold' rates? Traders bet they will not
▼ + stars: | 2022-12-05 | by ( Ann Saphir | ) www.reuters.com time to read: +4 min

Reuters GraphicsIt syncs with financial market measures like the inverted Treasury yield curve flashing warning lights about a coming recession. "I don't think the Fed will be comfortable cutting rates until unemployment gets close to 5%, or inflation declines south of 3%. Fed policymakers will update their forecasts for unemployment and inflation at the end of their Dec. 13-14 meeting, with some already previewing snippets of their updated outlooks. Powell said he believes rates will ultimately need to go "somewhat higher" than the 4.6% policymakers projected in September. But, he said, "we wouldn't just raise rates and try to crash the economy and then clean up afterwards."

☆ NY Fed paper ties reverse repo surge to bank regulation change
▼ + stars: | 2022-12-02 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

That had a knock-on effect on money market funds, the main user of reverse repos, which surged cash into the reverse repo facility. Meanwhile, banks reduced short-term debt offerings, constraining what money funds could invest in. The reverse repo tool offers money market funds and other firms a place to park cash at the Fed overnight and earn a return. The Fed’s reverse repo facility was largely unused into the spring of 2021 and then inflows steadily ramped up. Some have made the case that as the Fed raises rates and reduces the size of its balance sheet to combat high inflation, inflows to the reverse repo facility should decline over time.

☆ Merck could keep its patent edge by shifting Keytruda cancer drug to a simple shot
▼ + stars: | 2022-12-02 | by ( Michael Erman | ) www.reuters.com time to read: +7 min

If successful, Merck could begin marketing the new formulation within a few years, a top Merck executive told Reuters. "The clock for that patent would start ticking from the time we would get that patent approved." Drug patents have a guaranteed term of exclusivity for 20 years after receiving a patent under U.S. law, but sometimes the companies are able to add additional patents that extend their exclusivity. Merck's patents on the subcutaneous version of Keytruda could protect that formulation until at least 2040, according to Tahir Amin, co-founder of drug patents watchdog group Initiative for Medicines, Access & Knowledge (I-MAK). Northwell's Mulloy said moving patients to subcutaneous versions of drugs also opens up spots in infusion centers for additional patients.

☆ Fed’s Top Banking Regulator Signals Tougher Bank-Capital Rules
▼ + stars: | 2022-12-01 | by ( Andrew Ackerman | ) www.wsj.com time to read: 1 min

Michael Barr, the Fed’s vice chairman for banking supervision, suggested overall capital requirements appeared to be lower than they ought to be. WASHINGTON—The Federal Reserve’s new regulatory chief on Thursday signaled plans to beef up big-bank capital requirements, potentially revisiting financial rules that were eased during the Trump administration. Michael Barr , the Fed’s vice chairman for banking supervision, said that the central bank is still conducting a broad review of its capital requirements but suggested the overall requirements appeared to be lower than they ought to be.

☆ Morning Bid: Powell clears the decks
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +4 min

LONDON, Dec 1 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan. Intended or not, investors clearly read Wednesday's keynote speech by the Federal Reserve chair as a green light for a yearend relief rally in beaten down assets. On the face of it, Fed chief Jerome Powell merely confirmed what most had already assumed - that the Fed would downshift the size of its interest rate rises to half a point next month. The upshot is that markets have dragged their implied peak Fed rate next year back below 5% and continue to price up to half a point of cuts by the end of 2023. Core PCE inflation numbers are due later and another barrage of Fed speakers to hold Powell's take up to the light.

☆ Meet 12 Republican officials crusading against BlackRock and ESG investing
▼ + stars: | 2022-12-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

A group of vocal conservative officials are criticizing aspects of ESG investing. Players in the ESG ecosystem, like S&P Global and BlackRock, the world's largest money manager and an influential proponent of ESG investing, are often the subject of their critiques. Instead, officials often paint large financial firms' ESG strategies as functions of left-leaning agendas. Here are key GOP players who are taking aim at ESG investing. Abbott, who is seeking reelection in November, was early to denouncing ESG investing.

The IMF, the U.S. Treasury Secretary and the world's biggest bond fund all chipped in with their views on China on Wednesday, although what investors really want to hear is word from Beijing. As analysts at CrossBorder Capital note, economic momentum in China is slowing again, while investors' risk appetite remains near 2020 pandemic lows. chartThe IMF suggests there is scope for a further "gradual, safe recalibration" of Beijing's zero-COVID policy. U.S. Treasury Secretary Janet Yellen said China's zero-COVID policy was a threat to healing global supply chain difficulties, but said she would not give Beijing advice on managing the pandemic. Another whoosh in global markets - Wall Street's three main indices soared 2%-4% on Powell's comments on Wednesday - won't do any harm either.

☆ John Bolton says Donald Trump's style is 'old and tired' and that voters have 'just switched Trump off in their brain'
▼ + stars: | 2022-11-27 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

John Bolton said that Trump is "old and tired" in an interview with the Guardian. It comes after disappointment within the party following the midterm election results. Top editors give you the stories you want — delivered right to your inbox each weekday. He won re-election on 8 November with a big majority," Bolton told The Guardian. That's one of Trump's biggest problems – his act is old and tired now."

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

☆ At November Fed meeting, officials flagged market resilience amid volatile conditions
▼ + stars: | 2022-11-23 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Those concerns were aired in meeting minutes for the rate-setting Federal Open Market Committee’s Nov. 1-2 policy meeting, released Wednesday. Thus far, the Treasury market, which serves as the backbone of the world’s credit system, has held together, although there has been ample concern about low liquidity that’s made trading difficult. Fed officials have thus far described the market as resilient. Fed staff briefing officials concurred,The minutes flagged recent events in Britain as a point of concern. The Fed's top financial stability official, Vice Chair for Supervision Michael Barr, last week told Congress he was worried about "blowback" to the wider financial system from crypto-related failures.

☆ Bill Barr says Trump will 'burn the whole house down' and destroy the GOP if he doesn't win the 2024 nomination
▼ + stars: | 2022-11-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Former Attorney General Bill Barr discussed Donald Trump's 2024 campaign in an op-ed. He said Trump's "narcissism" means he would be unable to accept losing the GOP nomination race. Barr is a former Trump loyalist, who has recently turned against his ex-boss. In an op-ed in The New York Post published on Tuesday, Barr addressed Trump's announcement last week that he was seeking the Republican Party candidacy for the White House in 2024. Barr in the op-ed said it was time for new leadership in the Republican Party.

☆ New Yorkers Digging Out From Snowfall That Challenged Records
▼ + stars: | 2022-11-20 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

Megan Barr and Amanda Johnston snowshoe through Buffalo’s snow-covered streets after an intense lake-effect snowstorm in western and northern New York. Residents of western and northern New York began digging out Sunday from snowfall that was among the most intense on record, even as bad weather continued in other parts of the state. Many cities and towns east of Lake Erie and Lake Ontario were buried in as much as 5 feet and in some places 6 feet of snow by two powerful lake-effect storms.

☆ Bill Barr said he thinks the DOJ probably has a 'basis for legitimately indicting' Trump over Mar-a-Lago documents
▼ + stars: | 2022-11-19 | by ( Lloyd Lee | Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Barr said he believed that the Justice Department may have enough evidence to indict Donald Trump. He declined to say if he would have indicted Trump if he was still attorney general. Attorney General Merrick Garland on Friday named a special counsel to take over investigations involving the former president. Barr, who was once a staunch ally of Trump, served as his attorney general from February 2019 to December 2020. Barr has since continued to rebuke Trump, saying in September the Justice Department was likely justified in raiding Mar-a-Lago.

☆ E. Jean Carroll is suing Trump again. Here's a rundown of all the pending litigation between the two.
▼ + stars: | 2022-11-19 | by ( Ashley Collman | ) www.businessinsider.com time to read: +5 min

E. Jean Carroll, who alleges Trump raped her, sued him for defamation more than three years ago. Insider breaks down where the pending litigation between Carroll and Trump stands. That's the day that Carroll plans to file a new lawsuit against Trump, accusing him of battery and defamation, her lawyer explained in a November 17 court filing. With multiple hearings in different courts coming up, Insider breaks down all of the pending litigation between Carroll and Trump, who recently announced he's running for president again in 2024. Five months later, Carroll sued Trump for defamation, alleging he attacked her reputation by claiming she made the story up.

☆ Bill Barr says that Trump 'has been fading for months' and should 'stand aside' following the former president's announcement to run again
▼ + stars: | 2022-11-19 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

Former Attorney General Bill Barr said Trump has been "fading for months" during an interview with PBS. "He didn't do what the whole country hoped," Barr said. It comes after Trump announced a 2024 White House bid. PBS' Margaret Hoover also asked Barr about his reaction to Trump announcing that he was running for office again. Earlier this week, Trump announced he's taking another shot at the Oval Office, stating in his speech: "America's comeback starts right now."

Search resuls for: "barr"

25 mentions found