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☆ Trump ally Allen Weisselberg released from jail
▼ + stars: | 2024-07-19 | by ( Adam Reiss | Megan Lebowitz | ) www.cnbc.com time to read: 1 min

Former Trump Organization Finance Chief Allen Weisselberg appears for a hearing in Manhattan Criminal Court on March 04, 2024 in New York City. Trump ally Allen Weisselberg was released early from Rikers Island on Friday after being convicted of lying under oath during the civil fraud trial of the Trump Organization. Weisselberg, the former chief financial officer of the Trump Organization, was sentenced in April to five months behind bars after he pleaded guilty to two counts of perjury. Weisselberg had previously served time at Rikers Island in 2023 for charges related to a tax fraud scheme. He was sentenced to five months in jail but was eligible for release after 100 days with time off for good behavior.

Persons: Allen Weisselberg, Seth Rosenberg, Weisselberg Organizations: Trump Organization Finance, Trump, Trump Organization, Weisselberg Locations: Manhattan, New York City, Rikers

American Express Blue Business Cash Card OverviewThe Amex Blue Business Cash Card earns 2% cash back on all eligible purchases, on the first $50,000 spent per calendar year (then 1% back). Compare the Amex Blue Business Cash CardBlue Business Cash vs. the Blue Business Plus CardThe Blue Business® Plus Credit Card from American Express is very similar to the Amex Blue Business Cash Card, except instead of earning 2% cash back on the first $50,000 spent each year (then 1%), it earns 2x points on the first $50,000 in purchases each year (then 1 point per dollar). Ink Business UnlimitedIf you want to stick to a business credit card that earns cash back, a good alternative to the Amex Blue Business Cash Card is the Ink Business Unlimited® Credit Card. Chase Ink Business Unlimited ReviewAmerican Express Blue Business Cash Card Frequently Asked QuestionsWhat credit score do you need for the Amex Blue Business Cash Card? Why You Should Trust Us: How We Reviewed the American Express Blue Business Cash CardThe credit card experts at Personal Finance Insider evaluated the Amex Blue Business Cash Card in comparison to other American Express business cards and competing no-annual-fee business cards.

Persons: you'll, APRs, Cash, you've, it's, It's, doesn't Organizations: American Express, Cash, Card, Amex, American, Chase, Express, Finance

How business credit scores differ from personal credit scoresWhile business and personal credit scores share some similarities, such as their impact on your borrowing power, they don't perfectly align. Business credit scores are based on underlying business credit reports that track loans, credit lines, business credit cards, and other business borrowing activity to help lenders and business partners understand how risky the underlying business is when it comes to credit. Just like there are three credit bureaus that track consumer credit scores, there are multiple companies that track business credit scores. Free business credit scoresNav: Nav offers free business credit scores and business credit reports with a paid subscription available that includes additional reports. Keeping business credit card and line of credit balances low is good for your business credit.

Persons: Dun, Bradstreet, Experian, FICO, & Bradstreet, Dun & Bradstreet Organizations: Small Business Administration, SBA, &, Chevron Locations: Dun, Experian, Chevron, Equifax

If you have an Amex Platinum or Centurion card, you can access Amex Centurion lounges. For many frequent travelers, the single best card perk is access to airport lounges — particularly, access to Amex Centurion lounges. Atlanta Hartsfield-Jackson International Airport (Concourse E)Charlotte Douglas International Airport (between Concourse D and E)Dallas/Fort Worth International Airport (Terminal D)Denver International Airport (Concourse C)Intercontinental Houston Airport (Terminal D)Las Vegas McCarran International Airport (Concourse D)Los Angeles International Airport (Tom Bradley International Terminal)Miami International Airport (Concourse D)John F. Kennedy International Airport (New York)Newark Liberty International Airport (Terminal A) — slated for 2026New York LaGuardia Airport (Terminal B, pre-security)Philadelphia International Airport (Terminal A)Phoenix Sky Harbor International Airport (Terminal 4)San Francisco International Airport (Terminal 3)Seattle-Tacoma International Airport (Concourse B)Washington, DC Ronald Reagan National Airport (Terminal B) — coming soonInternational locations Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Hartford Bradley International Airport (Terminal A)Cincinnati-Northern Kentucky International Airport (Concourse B)John Glenn Columbus International Airport (Concourse B)Fort Lauderdale-Hollywood International Airport (Terminal 3)Greenville-Spartanburg International Airport (Concourse B)Minneapolis-Saint Paul International Airport (Terminal 1)Oakland International Airport (Terminal 1)Palm Beach International Airport (Concourse B)Phoenix Sky Harbor International Airport (Terminals 3 and 4)Rhode Island T.F. You can only get into a Centurion Lounge if you have an Amex Platinum or an Amex Centurion credit card.

Persons: cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Cardholders, Charlotte Douglas, Tom Bradley, John F, Ronald, –, Mariano, John Glenn Columbus Organizations: Delta Reserve, Read, American Express, Amex, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Delta SkyMiles ®, Delta SkyMiles, Chevron, Atlanta Hartsfield, Jackson International, Charlotte Douglas International Airport, Fort Worth International, Denver International, Intercontinental Houston Airport, Las Vegas McCarran International Airport, Los Angeles International Airport, Tom, International Airport, Kennedy International, Newark Liberty International, New York LaGuardia, Philadelphia International, Sky Harbor International, San Francisco International, Tacoma International, Ronald Reagan National Airport, Hong Kong International, London, Stockholm Arlanda, Shivaji International, Delhi Indira Gandhi International, Melbourne, International, Monterrey, Sydney, Centurion Studios, Hartford Bradley International Airport, Northern Kentucky International, John Glenn Columbus International, Hollywood International, Spartanburg International, Saint Paul International Airport, Oakland International, Rhode, Green, Tahoe, Sacramento International, Centurion, SkyMiles Locations: —, London, Hong Kong, Fort Lauderdale, Oakland, Sacramento, Hulu, Delta, Dallas, New York, Seattle, Washington, Stockholm, Mumbai, Shivaji, Delhi, Buenos Aires, Mexico, Cincinnati, Greenville, Spartanburg, Minneapolis, Reno, U.S

Unlike credit cards, charge cards typically don't have a preset spending limit, providing greater flexibility in spending. Impact on Credit ScoresWhen it comes to building credit with charge cards versus credit cards, both cards can influence your credit score, but the way they're reported to the credit bureaus differs, especially in terms of credit utilization. How does using a credit card affect my credit score compared to a charge card? Approval for a charge card generally requires a good to excellent credit score, similar to many credit cards. Yes, many charge cards offer credit card rewards programs, including travel benefits and points on purchases, which can be comparable to or even exceed those offered by credit cards.

☆ A famed economist who called the 2008 recession shares 5 signs the US is on the brink of a downturn — all while the stock market shows concerning weakness beneath the surface of record highs
▼ + stars: | 2024-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But don't bet on a soft landing outcome for the US economy as the Fed gets set to cut rates, says famed economist David Rosenberg. AdvertisementRosenberg ResearchRosenberg's downbeat views on the labor market come amid his skepticism about the impressive rallies in major stock-market indexes like the Nasdaq 100 and the S&P 500. Still, as Rosenberg points out, some say the Fed needs to act urgently as the labor market weakens. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down." Rosenberg has been consistently bearish on the US economy in recent months, while the labor market has continued to prove him wrong.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch's, Eli Lilly, Russell, Neil Dutta, Dutta Organizations: Service, Fed, Rosenberg Research, Business, Bureau of Labor Statistics ', Survey, Nasdaq, Nvidia, Microsoft, Meta, Macro

☆ When to expect the first rate cut
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhen to expect the first rate cutDavid Rosenberg, founder and president of Rosenberg Research, joins 'Money Movers' to discuss his predictions on when the Fed's next rate cut will occur.

Persons: David Rosenberg Organizations: Rosenberg Research

☆ Developments in Gaza ceasefire talks raise hopes but challenges persist. Here’s what to know
▼ + stars: | 2024-07-08 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

Last week, a US official told CNN that a framework agreement is “in place” and talks resumed Friday in Doha. Hatem Khaled/ReutersOn Thursday, a senior US administration told CNN that the framework for a deal is “now in place,” following a call between Biden and Netanyahu. Hamas has long demanded that Israel agree to a permanent ceasefire before signing any deal, which Israel has so far refused. Netanyahu also said there will be “no return of thousands of armed terrorists to the northern Gaza Strip,” the statement said. “If the Americans are still optimistic (after Netanyahu’s Sunday statement), then they are really living in La La land,” Baskin told CNN.

Persons: ”, ” Israel, Israel, ” Gershon Baskin, Baskin, Joe Biden, “, who’ve, Khan Younis, Hatem Khaled, Biden, Netanyahu, –, Donald Trump, Yair Lapid, ” Lapid, Benjamin Netanyahu's, Ilan Rosenberg, Reuters Baskin, ” Baskin Organizations: CNN, Hamas, Reuters, Sunday, Trump, “ Locations: Israel, Palestinian, Gaza, Doha, Cairo, ”, Egypt, Israeli, Rafah, Jerusalem, La La

☆ Summer is a money pit for parents
▼ + stars: | 2024-07-06 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +10 min

The 34-year-old mom of four said most of these summer camps were already paid up front earlier this year. AdvertisementMeanwhile, 23% of parents, among those who reported they'd be paying for summer programs, expected to pay over $1,000 a month per child during the summer. Broadly, 61% of parents with kids under 18 years old said it "feels even more expensive to raise kids in the summer months." Bowling, who lives in LA, sends her children to a Jewish summer camp, which has long been held as an important cultural touchstone in the American Jewish community. "At the Y, we really want to make sure summer camp is accessible for all."

Persons: Paige Connell, Connell, Courtney Alev, Tom Rosenberg, Rosenberg, Alex Mnatsakanov, it's, Mnatsakanov, they'd, they're, Alev, It's, Dana Bowling, Bowling, Lisa Garcia, Garcia, doesn't Organizations: Service, Business, American Camp Association, Camp, Intuit, American Jewish, YMCA Locations: LA, American, Greater New York, she's

☆ Work is getting really weird
▼ + stars: | 2024-07-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyBizarro workplaceLorenzo Matteucci for BILet's be honest: Work has gotten really weird. Workers hiring shadow stand-ins can be unqualified for their jobs, overwhelmed, greedy, or just lazy. Shadow stand-ins are typically paid a fraction of the salary earned by the actual employee. One employee also described to Rob struggling to deal with a shadow stand-in's sub-par work and eventually "firing" them. Getty Images; Alyssa Powell/BIMeanwhile, the people who are doing all the work themselves are having a tough time getting any recognition.

Persons: —, Lorenzo Matteucci, Rob Price, Rob, Alyssa Powell, BI's Aki Ito, Roaring Kitty, Bain, Chris Miller, Greg Peters, Ted Sarandos, Peters, Chelsea Jia Feng, Coach's, David Rosenberg, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Super, Facebook, Workers, Corporations, Getty, GameStop, McKinsey, Taiwan Semiconductor Manufacturing Company, Netflix, Walgreens, CVS, Rite, Wimbledon Locations: Chicago, India, Pakistan, China, Taiwan, New York, London

☆ The US housing market has entered bizarro world
▼ + stars: | 2024-06-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

The US housing market is distorting a core principal of economics: supply and demand. Home prices soared to record highs in May, even as existing home sales fell and supply of homes for sale jumped. AdvertisementThe US housing market has officially entered bizzaro world. The law of supply and demand is a basic principle of any free market, and right now, it's being subverted by strange happenings in the real estate market. "When it comes to the housing market, the laws of supply and demand don't seem to apply any longer," economist David Rosenberg said in a note this week.

Persons: David Rosenberg, —, it's Organizations: Service, Business

☆ Half of the U.S. economy is in recession, says research firm founder
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHalf of the U.S. economy is in recession, says research firm founderDavid Rosenberg, founder and president of Rosenberg Research, says "people are focused on the half that isn't," adding that "we're already in [a] soft landing, the question is what happens next."

Persons: David Rosenberg Organizations: Rosenberg Research Locations: U.S

☆ Microsoft's new AI chief explains what's at the top of his to-do list
▼ + stars: | 2024-06-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Microsoft's AI chief, Mustafa Suleyman, has laid out his main goals for the company. In a podcast chat with Seth Rosenberg, Suleyman said he wanted to "uplevel" Copilot's quality. AdvertisementMicrosoft's newly installed AI chief, Mustafa Suleyman, is keen to ensure that the Big Tech company is not underestimated. On a recent podcast with Seth Rosenberg, Suleyman explained his new responsibilities at the company. He said he oversaw key teams, including Bing and Edge, and Copilot, Microsoft's flagship AI product.

Persons: Mustafa Suleyman, Seth Rosenberg, Suleyman, —, he'd Organizations: Bing, Service, Big Tech, Business

☆ Americans' spending patterns are flashing a warning of a possible consumer-led recession
▼ + stars: | 2024-06-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Read previewAmerica's stimulus-fueled shopping spree looks just about over — and lower spending could be a signal that a consumer-led downturn is on the horizon, economic experts say. Retail spending ticked 0.1% higher in May, but sales volume has dropped 1.3% year-over-year over the last three months, US Census data shows. That adds to a 4% decline in retail sales in the first quarter — and it's a strong sign the long-awaited consumer recession is on the horizon, economist David Rosenberg said recently. "Early signs of a consumer recession finally coming to the fore." AdvertisementThe US has 52% chance of slipping into recession by May of next year, according to projections from the New York Fed.

Persons: —, David Rosenberg, Stephanie Pomboy, Ian Shepherdson Organizations: Service, Business, McKinsey, Deutsche Bank, Consumer, Federal Reserve, New York Fed, Pantheon Macroeconomics

☆ Surging government red ink spurs economists' worries over a prolonged recession and market trouble
▼ + stars: | 2024-06-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Burgeoning debt and deficits are threatening to make the next recession deeper while tying the hands of policymakers, according to two leading economists. The Congressional Budget Office this week revised its estimates to paint an even bleaker version of the U.S. financial picture. Teetering on trouble In fact, Rosenberg thinks the economy already is nearing or in the early stages of recession. "With budget deficits historically high relative to an economy operating at full employment, the government could be facing double-digit budget deficits when the next downturn hits." While equity markets have largely shrugged off worries over the fiscal situation, LaVorgna and Rosenberg both insist that bond investors should pay attention.

Persons: David Rosenberg, Rosenberg, Teetering, Janet Yellen, Joseph LaVorgna, Donald Trump, LaVorgna Organizations: Congressional, Rosenberg Research, Federal, CBO, CNBC, White House, Nikko Securities, National Economic Council Locations: U.S

☆ Hush-money prosecutors say Trump's gag order should no longer protect Michael Cohen and Stormy Daniels — but want to keep other parts of it
▼ + stars: | 2024-06-21 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewThe prosecutors in Donald Trump's criminal hush-money case say they're OK with the former president resuming his attacks on Michael Cohen, Stormy Daniels, and other witnesses in the case — but that they want the judge to maintain other parts of his gag order. A courtroom sketch of Michael Cohen while under questioning by prosecutor Susan Hoffinger at Donald Trump's Manhattan hush-money trial. REUTERS/Jane RosenbergAfter the jury verdict, Trump's lead defense attorney, Todd Blanche, asked for the gag order to be lifted, saying the First Amendment's protections should take precedence. The prosecutors in the case will continue to be engaged in Trump's appeal, so they should continue to be protected by the gag order, prosecutors wrote. AdvertisementJust because the gag order should no longer restrict Trump's attacks on witnesses doesn't mean they won't have other protections, prosecutors wrote.

Persons: —, Donald Trump's, Michael Cohen, Stormy Daniels, Trump shouldn't, nemeses, Cohen, Daniels, Trump, Juan Merchan, Merchan, Susan Hoffinger, Donald Trump's Manhattan, Jane Rosenberg, Todd Blanche, Blanche, Cohen —, Joe Biden, Biden, Attorney Alvin Bragg, Jean Carroll, Rudy Giuliani's Organizations: Service, Manhattan, Attorney's, Business, New, Trump, REUTERS, assail, New York Police Department, Attorney, E Locations: United States, Georgia

☆ Qaeda Commander at Guantánamo Bay Is Sentenced for War Crimes
▼ + stars: | 2024-06-20 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

A U.S. military jury on Thursday ordered a former Qaeda commander to a serve a 30-year prison sentence for war crimes carried out by his insurgent forces in wartime Afghanistan in the early 2000s. The military judge excused the panel from the chamber and then announced that, under a plea agreement, the prisoner’s sentence would end in eight years. The outcome was part of the arcane system called military commissions, which allows prisoners to reach plea deals with a senior official at the Pentagon who oversees the war court but requires the formality of a jury sentencing hearing anyway. Mr. Hadi, 63, was aware of the deal that reduced his sentence to 10 years, starting with his guilty plea in June 2022. It was unclear whether victims of attacks by Mr. Hadi’s forces and their family members had been told.

Persons: Abd al, Hadi al, Hadi Organizations: U.S, Pentagon Locations: Afghanistan, C.I.A

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ Tough-on-crime former NYC judges say even they wouldn't sentence Trump to prison in the hush-money case
▼ + stars: | 2024-06-08 | by ( Laura Italiano | ) www.businessinsider.com time to read: +12 min

AdvertisementWill Merchan sentence Donald Trump to jail? Merchan will not sentence Trump to prison, the four agreed. Merchan could theoretically sentence Trump to as little as a single day in Rikers, said Kamins, now in private practice at Aidala, Bertuna & Kamins. But even in the unlikely event of a low-jail sentence, Trump's appeals would keep him at liberty for years, all four judges said. "I certainly don't know what the right decision is, or what Judge Merchan will do," Obus told BI.

Persons: —, Donald Trump, Will, Juan Merchan, Trump, blunts, Attorney Alvin Bragg, Bragg, Jane Rosenberg, Michael Obus, Barry Kamins, Charles Solomon, Solomon, Shannon Stapleton, Kamins, Richard Drew Appeals, — Obus, Trump's, Ted Cruz, Joshua Steinglass, Obus, I've, Ron Kuby, Kuby, Merchan, STEVEN HIRSCH, Judge Merchan, Susan Necheles, Stormy Daniels, Jane Rosenberg Merchan, Rehashing, he's Organizations: Service, Will New, Business, Attorney, REUTERS, New York, New, New York City, BI, Trump, Manhattan, Republicans, AP, National Enquirer, Getty Images, Harvard Business School, Reuters, Manhattan Criminal Locations: Rikers, Manhattan, New, New York, Brooklyn, , New York, New York's, Aidala, United States, Florida, Washington

☆ Opinion: Biden and Democrats are in denial about the bad polls. That’s a problem.
▼ + stars: | 2024-06-05 | by ( Opinion Liam Kerr | ) edition.cnn.com time to read: +7 min

But much more must be done and, as with most change, it’s important to start by admitting there’s a problem. The phenomenon of Democrats dismissing the polls in favor of misplaced optimism has been termed “hopium” by data journalist Nate Silver. Polling denial is not unanimous in the party, as many Democrats are reportedly in a full-blown “freakout” over Biden’s chances. It’s essential they admit the polling is correct, because if Biden is winning, there is little need to change course. This means these groups likely share top concerns with moderate voters generally.

Persons: Liam Kerr, Joe Biden’s, Liam Kerr Liam Kerr, there’s, Nate Silver, Simon Rosenberg, Rosenberg, Biden, it’s, Trump, Biden’s, Harry Enten, —, “, ”, Hilary Clinton, Tom Suozzi, George Santos ’ Organizations: GOP, CNN, Democratic, Trump, Biden, Gallup, Black Democrats, White Democrats, Harvard Youth, Gaza, “ Biden, New York Times, Trump Republicans, Republican, NBC, Twitter, Facebook, Chicago Democratic National Convention Locations: Pennsylvania , Wisconsin, Michigan, Siena, New York, “

☆ Eminem releases ‘Houdini’ single with a star-filled music video
▼ + stars: | 2024-05-31 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Slim Shady is back, back again. Eminem also released a music video for the song in which he gets a little help from some of his celebrity friends. Eminem battles it out with his younger-self in the video, which will remind fans of his 2002 “Without Me” video. Recently a faux obituary appeared for his Slim Shady alter ego in his hometown newspaper, the Detroit Free Press. It referred to Slim Shady a “a rogue splinter in the flourishing underground rap scene.”“The Death of Slim Shady (Coup de Grâce)” follows Eminem’s 2020 album, “Music to Be Murdered By.” The full collection of new music is set for release this summer.

Persons: Slim Shady, Grace, “ Houdini, Steve Miller, ”, Megan Thee, Tory, Lanez, Eminem, Paul Rosenberg, Dre, “ We’ve, Snoop Dogg, Pete Davidson, Slim Organizations: CNN, Detroit Free Press

☆ Economy has hit 'stall speed' and could weaken even further from here, says David Rosenberg
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy has hit 'stall speed' and could weaken even further from here, says David RosenbergDavid Rosenberg, Rosenberg Research founder and president, joins 'Squawk on the Street' to discuss the data that may have gotten Rosenberg's attention, how the jobs number will impact Rosenberg's view, and more.

Persons: David Rosenberg David Rosenberg, Rosenberg Organizations: Rosenberg Research

☆ Trump just debuted a new trial spin as the jury deliberates, claiming 'nobody knows what the crime is'
▼ + stars: | 2024-05-30 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

On its own, the crime of "falsifying business records" in New York is considered a misdemeanor crime. AdvertisementNew York Supreme Court Justice Juan Merchan explained it clearly in his hourlong instructions to the jury on Wednesday morning. "What you're asking me to do is change the law, and I'm not going to do that," Merchan told Trump's legal team. On Truth Social, Trump posted quotes from Fox News host Jesse Watters, falsely claiming "the jury can pick whatever crime they want." "The other thing, the confusion is, nobody knows what the crime is, because there is no crime," Trump told reporters in the hallway outside the courtroom before he left.

Persons: —, Donald Trump's, Stormy Daniels, Trump, Joshua Steinglass, Juan Merchan, Merchan, Justice Juan Merchan, Jane Rosenberg, Emil Bove, I'm, Trump's, Sen, Marco Rubio, Trump —, Jason Miller, Jesse Watters Organizations: Service, Trump, Business, New, Election, Republican, REUTERS, Fox News Locations: New York, Marco Rubio of Florida, Trump

☆ The stock market rally is running on fumes as earnings growth can't keep up with sky-high prices, top economist says
▼ + stars: | 2024-05-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is primed for a correction as equity valuations hit historically high levels, according to economist David Rosenberg. AdvertisementThe stock market is "primed for a correction" as earnings valuations hit historically high levels, according to economist David Rosenberg. That suggests that the expansion in the S&P 500's forward price-to-earnings valuation multiple to 21x from 18x in October is getting stretched. Wall Street consensus for the S&P 500's 2024 earnings per share is $245, which is the same forecast today as it was in October, before the stock market staged a near-30% rally. AdvertisementThat has informed Rosenberg's consistently bearish view, but the economist did say that high valuations on their own do not mean the stock market can't go higher from here.

Persons: David Rosenberg, Rosenberg, —, " Rosenberg, Rosenberg's Organizations: Service

☆ Donald Trump's jury ends its first day of deliberations deep in the hush-money conspiracy weeds
▼ + stars: | 2024-05-30 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Read previewFormer President Donald Trump's Manhattan jury deliberated for four-and-a-half hours on Wednesday — and their first note to the judge shows they were deep in the hush-money conspiracy weeds before breaking for the day. Pecker's testimony continued. Reuters/Mike Segar'The boss is going to be very angry'The second chunk of the transcript to be read back Thursday morning concerns still more of Pecker's testimony. It was at this meeting that the illegal campaign conspiracy underlying Trump's indictment was hatched, according to the witnesses. Under the alleged conspiracy, Pecker, Trump's longtime friend, would alert Cohen when negative stories arose.

Persons: —, Donald Trump's Manhattan, they'll, Trump's, David Pecker, Michael Cohen, Trump, We've, Juan Merchan, Karen McDougal Dimitrios Kambouris, Karen, Donald Trump, Pecker, Karen McDougal, Playboy Bunny, Michael, Mike Segar, It's, McDougals's, Cohen, Stormy Daniels, Daniels, Jane Rosenberg, Ted Cruz Organizations: Service, Business, National Enquirer, Trump, Reuters, Trump Organization, Trump Tower Locations: New Jersey, Mexican, New York, Manhattan, Trump's

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