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☆ Trump's lawyers keep getting slammed for filing conspiratorial lawsuits. Here are the 16 sanctioned so far.
▼ + stars: | 2022-12-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Lawyers representing Trump keep getting sanctioned by courts. Sixteen different lawyers have been sanctioned over failed lawsuits brought on the former president's behalf. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Still, as many 16 lawyers have been personally sanctioned because of their work for Trump, and Insider has compiled a list. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign.

☆ Caroline Ellison Apologized for Misconduct in FTX Collapse
▼ + stars: | 2022-12-23 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Caroline Ellison, a close associate of FTX founder Sam Bankman-Fried , apologized in court this week as she pleaded guilty to fraud and other offenses, telling a judge that she and others conspired to steal billions of dollars from customers of the doomed crypto exchange while misleading investors and lenders. “I am truly sorry for what I did,” Ms. Ellison, the former chief executive of Mr. Bankman-Fried’s crypto-trading firm, Alameda Research, said in a New York federal court, according to a transcript of the hearing made available Friday. “I knew that it was wrong.”

☆ Caroline Ellison Apologizes for Misconduct in FTX Collapse
▼ + stars: | 2022-12-23 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Caroline Ellison , a close associate of FTX founder Sam Bankman-Fried , apologized in court this week as she pleaded guilty to fraud and other offenses, telling a judge that she and others conspired to steal billions of dollars from customers of the doomed crypto exchange while misleading investors and lenders. “I am truly sorry for what I did,” Ms. Ellison, the former chief executive of Mr. Bankman-Fried’s crypto-trading firm, Alameda Research, said in a New York federal court, according to a transcript of the hearing made available Friday. “I knew that it was wrong.”

☆ Sam Bankman-Fried Released on $250 Million Bond
▼ + stars: | 2022-12-22 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried was released on a $250 million bond Thursday and ordered to detention in his parents’ Palo Alto, Calif., home, after the former executive’s first appearance in a New York federal court following his extradition from the Bahamas. Mr. Bankman-Fried, charged with engaging in criminal conduct that contributed to the cryptocurrency exchange’s collapse, came to court shackled by the ankles and wearing a charcoal gray suit. He sat quietly at the defense table, flanked by his lawyers.

☆ Sam Bankman-Fried to Make First Appearance in U.S. Court
▼ + stars: | 2022-12-22 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is escorted out of the Magistrate Court building Wednesday in Nassau, Bahamas. FTX founder Sam Bankman-Fried is expected to make his first appearance in a New York federal court Thursday, after his extradition from the Bahamas. The hearing is tentatively scheduled for 1 p.m., court officials said.

☆ Here are the 4 best investing opportunities in 2023, according to the investment chief at Goldman Sachs' $1.8 trillion asset management arm
▼ + stars: | 2022-12-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Goldman Sachs is expecting weaker growth in 2023 as interest rates stay elevated. Here's why the firm is optimistic about emerging markets and willing to invest in China. Instead, the investing chief at GSAM prefers emerging markets equities and debt in 2023. "It's had the trifecta of rising US rates, strong US dollar, and weaker growth," Shah said. Within emerging markets, Shah is most bullish on stocks in Asia, specifically India and China.

Most of the top funds have focused on value stocks or income — or both. Insider spoke with the top fund managers to hear about their strategies and favorite stocks. 2022 was a year when simply achieving a positive return in the stock market was an accomplishment. But there's a small cohort of stock pickers that hasn't just survived 2022 but has also thrived in it. Below are the 10 best funds of 2022, listed in descending order by performance as of November 30, along with their managers' strategies and favorite stocks.

☆ Judge tells Trump lawyers to stop filing pointless lawsuits to slow down NY investigations into his businesses
▼ + stars: | 2022-12-22 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

A judge called an effort by Trump Org lawyers to slow an investigation "frivolous" and "vexatious." The federal judge denied the bid for an injunction to stop the release of some materials. The NY attorney general accuses Trump of fraud and is trying to ban him from future business in the state. Middlebrooks also noted in his ruling that a New York court previously dismissed Trump's efforts to try stop James' investigation. James accuses Trump of committing fraud with his businesses, and is trying to permanently ban Trump and his three oldest children from conducting business in New York.

The police chief of Moscow, Idaho, on Wednesday defended his department's handling of the investigation into the killings of four university students and pushed back at the notion families are being "left in the dark." A spokesman for the Idaho State Police said a family liaison had been assigned since the beginning, "with each family wanting different levels of contact." Officers investigate a homicide at an apartment complex south of the University of Idaho campus on Nov. 13. The Goncalves family has been vocal about what they perceive as poor communication during the investigation. The spokesperson, Robbie Johnson, said the email was an example of a message aimed at keeping the Goncalves family informed.

☆ Sam Bankman-Fried Expected Back in Bahamas Court
▼ + stars: | 2022-12-21 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

NASSAU, Bahamas—Jailed FTX founder Sam Bankman-Fried is expected to return to court here Wednesday to seek his transfer into U.S. custody, paving the way for him to fly to New York to face criminal charges connected to the collapse of the crypto exchange. Mr. Bankman-Fried has agreed not to contest his extradition, according to a person familiar with the matter, but must formally inform the court and get a magistrate judge’s approval. Mr. Bankman-Fried has signed paperwork that triggered such a hearing, the person said. A court administrator said the hearing is scheduled for 11 a.m.

☆ Sam Bankman-Fried’s Extradition Approved by Judge
▼ + stars: | 2022-12-21 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

NASSAU, Bahamas—FTX founder Sam Bankman-Fried will soon be in U.S. custody to face criminal charges connected to the collapse of the crypto exchange, after a judge here approved his transfer from a local jail where he has been held. In court Wednesday, Mr. Bankman-Fried’s lawyer read an affidavit in which the former executive waived his right to extradition proceedings and said he had “a desire to make the relevant customers whole.”

☆ Sam Bankman-Fried Transferred to U.S. Custody
▼ + stars: | 2022-12-21 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

NASSAU, Bahamas—FTX founder Sam Bankman-Fried was transferred to U.S. custody Wednesday to face criminal charges connected to the collapse of the crypto exchange, after a judge here approved his extradition. He was being flown to New York, accompanied by federal law-enforcement officials, according to a person familiar with the matter, and could make an initial appearance in federal district court as soon as Thursday. When he is arraigned, he will be asked to enter a plea.

☆ Here are the 7 investments the top-ranked inflation fund on Morningstar used to hedge against higher prices this year — and how the portfolio will change as inflation peaks in 2023
▼ + stars: | 2022-12-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The AXS Astoria Inflation Sensitive ETF is the top-ranked inflation fund of 2022. Greg Bassuk of AXS Investments shared how his firm invests with inflation high. It's hard to imagine a better first year than the one the AXS Astoria Inflation Sensitive ETF (PPI) just had. But Greg Bassuk, CEO of AXS Investments, is confident that his firm's fund can continue to provide solid returns as inflation stays higher than normal — even if the rate starts to slide. That means that the AXS Astoria Inflation Sensitive ETF will stick with its seven-part portfolio of TIPS, precious metals, agricultural products, and stocks in the energy, financials, industrials, and materials as inflation stays higher than normal in 2023.

☆ NY City subway shooting suspect to plead guilty to terrorism charges
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Dec 21 (Reuters) - Frank James, the man accused of a shooting attack on the New York City subway in April 2022, told a court through his public defenders on Wednesday that he intended to plead guilty to federal terrorism charges. All the victims survived the highly unusual attack on the largest transit system in the United States. This month, federal prosecutors filed new charges against James in the U.S. District Court in Brooklyn, including 10 counts of a terrorist attack and other violence against a mass transportation system. Shortly before the attack, James was seen entering the subway system in Brooklyn, dressed in an orange reflective jacket and yellow hard hat. Reporting by Luc Cohen and Jonathan Allen; Editing by Leslie Adler and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ A hedge fund manager who's up over 39% this year says these 6 cheap stocks are well-positioned to survive another bear market in 2023
▼ + stars: | 2022-12-20 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge fund manager Charles Lemonides is up 39% this year through November. Well-placed bets on winning stocks and against losing ones have helped his hedge fund, the ValueWorks Long Biased Composite, rise 39.4% after fees through November. Investing in Lemonides' hedge fund isn't for the faint of heart. "It's a stock-picker's market environment, and I think there are companies that are well-priced and well-positioned today," Lemonides said. Below are Lemonides' six favorite stocks right now along with the ticker, market capitalization, price-to-earnings ratio, and his summarized thesis for each.

The defamation case brought by actor Johnny Depp against his ex-wife Amber Heard came to an end on Wednesday after a seven-person jury unanimously ruled in favor of Depp. The jury awarded Depp $10 million in compensatory damages and $5 million in punitive damages in his defamation suit. Depp also claims she is not the victim of domestic violence but instead the perpetrator. 2022On April 11, the weekslong defamation trial kicks off, with Heard and Depp appearing in court in Fairfax County, Virginia. The jury unanimously finds that Heard defamed Depp, awarding him $5 million in punitive damages and $10 million in compensatory damages.

☆ Sam Bankman-Fried’s Lawyers Hash Out His Transfer to U.S. After Confusion in Court
▼ + stars: | 2022-12-19 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

NASSAU, Bahamas—FTX founder Sam Bankman-Fried inched closer to being transferred into U.S. custody to face criminal charges related to the cryptocurrency exchange’s collapse, after a chaotic court hearing here Monday in which his local lawyer appeared at odds with his U.S. legal team. Mr. Bankman-Fried has agreed to be extradited, according to a person familiar with the matter, and plans were being fleshed out by his legal team after the day’s court proceedings. Mr. Bankman-Fried’s lawyers hope to have a new hearing on the matter as early as Tuesday, the person said.

FTX co-founder Sam Bankman-Fried is planning to consent to extradition to the U.S. to face criminal charges related to the cryptocurrency exchange’s collapse, people familiar with the matter said. Mr. Bankman-Fried has been in custody in the Bahamas since he was arrested on Monday in connection with a slate of U.S. criminal charges, which were unsealed a day later. Federal prosecutors in Manhattan have charged Mr. Bankman-Fried with fraud and money-laundering offenses, alleging he defrauded customers, lenders and investors. They also alleged he violated campaign-finance rules by making illegal political contributions.

☆ Here's where to put your money in 2023 with a recession likely closing in, according to Goldman Sachs, JPMorgan, and 9 other Wall Street giants
▼ + stars: | 2022-12-17 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Top investment firms see plenty of risks to stocks and the economy next year. Here are the investment strategies Wall Street recommends following in 2023. Investors are hoping that 2023 will be a better year for markets after stocks disappointed to the downside in 2022, but Wall Street isn't convinced. However, even fewer firms are calling for substantial losses, as three firms think the S&P 500 will slip to 3,900, while only one sees downside to 3,400. Below is a summary of views about stocks and the economy from each firm that Insider polled, as well as where they recommend investing in 2023.

☆ These are the 23 best stocks to buy in 2023 as global growth slows, according to UBS
▼ + stars: | 2022-12-16 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

UBS has a 2023 S&P 500 target of 3,900 and is calling for the slowest global growth in decades. Here are 23 stocks that UBS analysts are most bullish on heading into 2023. The US economy will have near-zero growth over the next two years, according to UBS, and the firm also predicts that the global economy will grow just 2.1% next year. 23 stocks to buy in 2023Below are the 23 buy-rated stocks that UBS analysts are most bullish on in 2023. They're listed in alphabetical order along with their ticker, sector and industry, price target from UBS, upside to that price target as of December 9, and thesis from the analyst who covers it.

☆ Prosecution of Sam Bankman-Fried Could Rise or Fall on Intent
▼ + stars: | 2022-12-15 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried stuck to a common refrain ahead of his indictment on fraud and conspiracy charges, saying that while bad decisions and lack of oversight led to the collapse of the crypto exchange, he didn’t commit or know of any wrongdoing. If his case goes to trial, his lawyers are likely to make the same argument to the jury. Prosecutors will need to rebut that narrative to win a conviction, proving that Mr. Bankman-Fried knowingly and willfully broke the law, former federal prosecutors and defense attorneys say.

Police arrived at the rental house in Moscow, Idaho, where four University of Idaho students had been fatally stabbed hours prior in their bedrooms, to find friends and neighbors gathered outside. The neighborhood was “very, very somber.”The small police force scrambled for an “all hands on deck” response, which Lanier said included calling the Idaho State Police for help to process the scene. “We get tips every day that are viable.”While a lack of information about the killer has caused anxiety, public officials are asking for patience. Rep. Brandon Mitchell, a Republican who represents Moscow in the Idaho State Legislature, said he tells constituents to have faith in the police and avoid being speculative. City officials, including members of the Moscow City Council, praised Fry after his Nov. 16 news conference.

☆ Goldman Sachs, JPMorgan, and 9 other top Wall Street firms share their predictions for stocks and the economy in 2023
▼ + stars: | 2022-12-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Here are 11 top investment firms' views on what's next for stocks and the economy in 2023. Heading into this year, the lowest S&P 500 price target among top investment firms was 4,400, which was set by long-time bear Mike Wilson of Morgan Stanley. Insider surveyed 11 top investment firms and found that five see US stocks rising in 2023 from mid-December levels: Deutsche Bank, Oppenheimer, BMO Capital Markets, JPMorgan, and Credit Suisse. The firms had 2023 year-end S&P 500 price outlooks ranging from 4,500 (a 12.5% gain from the current level of about 4,000) to as low as 3,400 (a 15% loss). Below is the S&P 500 forecast, stock market outlook, and economic outlook from each of these major Wall Street firms, ranked from highest S&P 500 price target to lowest.

FTX founder Sam Bankman-Fried oversaw one of the biggest financial frauds in American history, a top federal prosecutor said in charging that the former chief executive stole billions of dollars from the crypto exchange’s customers while misleading investors and lenders. An indictment by the U.S. attorney’s office for the Southern District of New York, unsealed Tuesday, charges Mr. Bankman-Fried with eight counts of fraud. Prosecutors allege that he took FTX.com customers’ money to pay the expenses and debts of Alameda Research, an affiliated trading firm. Mr. Bankman-Fried is charged as well with conspiring to defraud the U.S. and violate campaign-finance rules by making illegal political contributions.

☆ Elon Musk says his politics are in the center but extremism experts say he's using Twitter to increasingly empower right-wing viewpoints
▼ + stars: | 2022-12-11 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +9 min

Elon Musk has been weighing in more and more on political issues since buying Twitter. "Any argument that he's trying to empower the center is patently bullshit," a researcher on extremism told Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet this May. "Any argument that he's trying to empower the center is patently bullshit and should be treated as such." "The way that Twitter's content moderation has changed since he's taken over has definitely skewed towards favoring the far-right," Berger said.

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