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Texas Sen. Ted Cruz was the only GOP committee member to oppose the bill. Other numbers to know:155 miles per hour: How fast the maximum sustained winds of Hurricane Ian were as of Wednesday morning, per the National Hurricane Center. 23 percentage points: Democrat Beto O’Rourke’s edge over Republican Gov. Last night, Democratic Gov. Tim.”Oklahoma Senate: Former President Donald Trump endorsed Republican Sen. James Lankford in his Senate bid, after conspicuously not endorsing the GOP incumbent in his primary.

☆ LeBron James is a pickleball fan. And now he's buying a team
▼ + stars: | 2022-09-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

LeBron James, the king of basketball courts, is one of the newest owners of a professional pickleball team. "When I started playing pickleball, I immediately connected with the sport's community and its capacity to be both fun and competitive," Carter told CNBC in an interview. "We had this immediate connection over their passion for playing pickleball, their passion for growing pro pickleball grassroots. Worcester said the demand for owning a pickleball team is high with more than 60 different groups expressing interest. "Yes, we would welcome LeBron or Draymond or Kevin Love to think about playing," Worcester said laughing.

☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +6 min

Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Here's why the real-estate market will continue to struggle over the next 6 months, with existing home sales mired in their worst slump since 2007, according to a director at the National Association
▼ + stars: | 2022-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The US housing market is firmly in a recession as existing home sales keep sliding. Nadia Evangelou of the National Association of Realtors shared what's next for the housing market. The trajectory of the housing market is heavily dependent on mortgage rates, Evangelou noted. But that's no guarantee as the Federal Reserve's interest rate-hiking cycle affects US Treasuries, which in turn sway mortgage rates, she said. So for that reason, we think that mortgage rates usually are pricing some of these upcoming rate hikes."

☆ James Florio, former New Jersey governor and U.S. Rep., dies at 85
▼ + stars: | 2022-09-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

James Florio, who championed a plan that substantially raised the state’s sales and income taxes leading to his reelection defeat in 1993, died Sunday. His law partner Doug Steinhardt and current New Jersey Gov. James Florio, right, attends a New Jersey Transportation conference, on March 2, 2011, in Trenton. In February 2015, Florio and three other former New Jersey governors urged the state senate to delay a vote on Gov. Born in Brooklyn, New York, Florio attended Trenton State College (now known as The College of New Jersey) and graduated from the Rutgers School of Law in 1967.

☆ Former NJ governor and U.S. representative James Florio dies at 85
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: +2 min

Former New Jersey Gov. James Florio, who championed a plan that substantially raised the state's sales and income taxes leading to his reelection defeat in 1993, died Sunday. His law partner Doug Steinhardt and current New Jersey Gov. Before becoming governor, Florio served four years in the state Assembly and 15 years in the House of Representatives. In February 2015, Florio and three other former New Jersey governors urged the state senate to delay a vote on Gov.

☆ Buy these 8 stocks now before a 'pain trade' to the upside catches investors off-guard, says a top-2% fund manager
▼ + stars: | 2022-09-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

And I think that's going to be the story of this market." In fact, his fund, the Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), is in the top 2% of its category this year, according to Morningstar. "As people get more confidence, they're not going back into what I call the 'ARKK type' stocks," Forlines said. While Linde provides investors with a dividend yield of 1.69%, BHP has a gargantuan dividend yield of 13.4%. Unlike some of its peers, it hasn't been hurt by the dollar's massive rally this year, and its dividend yield is over 4% right now.

☆ These 50 quality cheap stocks will deliver strong returns on capital as high inflation and interest rates crush valuations, according to Goldman Sachs
▼ + stars: | 2022-09-24 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

High quality stocks have lagged their lower-quality peers so far this year. Goldman Sachs shared 50 quality stocks that appear to have room to rise. Higher interest rates in response to high inflation have hurt both stock valuations and fundamentals, which makes quality stocks all the more attractive, in Kostin's view. Stocks with high returns on capital have lagged those with low returns on capital by 9% in 2022, Kostin noted. 50 cheap quality stocks to buyWhile quality stocks haven't performed as expected in 2022, Goldman Sachs thinks the cream — as in stocks with better returns on equity than their sector peers — should rise to the top.

☆ Donald Trump will fight hard against Letitia James' lawsuit. Ex-AG insiders say these are his top 5 defenses.
▼ + stars: | 2022-09-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Donald Trump has 5 ways to fight Letitia James' lawsuit, ex-NY AG prosecutors told Insider. James filed a 220-page lawsuit against Trump, his family, and the Trump Organization on Wednesday. Trump Defense No. Still, the judge must at least weigh any "I just signed what they gave me" defense, Morian said. "There's a yawning silence" from the banks Trump allegedly tricked into lending to him, he noted.

☆ The head of ETF strategy at $19.5 billion Allianz shares how to manage risk with the Federal Reserve forced to 'strangle the economy' to slow inflation
▼ + stars: | 2022-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Or, in the words of Johan Grahn, the head of ETF strategy at $19.5 billion Allianz Investment Management, it was "not necessarily earth-shattering." "There's no doubt that they will have to strangle the economy," Grahn said of the US central bank in an interview with Insider on Wednesday afternoon. Consequences of higher rates include lower corporate earnings and stock valuations, slower growth, and a higher unemployment rate. But hoping for higher unemployment at the expense of lower inflation could easily backfire, Grahn warned, just like the US central bank's plan to get higher inflation while bringing down unemployment did. How to invest as recession risk risesInvestors can manage risk in their portfolios as inflation stays hot and the economy weakens by using a buffer strategy, Grahn said.

☆ Here's how AOC unwittingly sparked NY Attorney General Letitia James' lawsuit into Donald Trump and the Trump Organization
▼ + stars: | 2022-09-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

New York AG Letitia James announced a $250 million lawsuit against Trump and his business this week. Rep. Alexandria Ocasio-Cortez grilled former Trump lawyer Michael Cohen about Trump's alleged fraud. The New York attorney general's office announced Wednesday that it had asked federal prosecutors to investigate Trump's business practice regarding possible federal crimes. The announcement is the culmination of James' three-year probe into Trump and his New York business empire. Cohen also said several Trump Organization executives, including Allen Weisselberg, Ron Lieberman, and Matthew Calamari, were aware of such practices.

☆ A 24-year investing veteran shares 15 stock picks to buy now as earnings decline and the economy shifts under rising interest rates
▼ + stars: | 2022-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

A teetering global economy could cause earnings to decline, said Tavis McCourt of Raymond James. Here are 15 stocks that McCourt and Raymond James are bullish on right now. That multiple is above the S&P 500's long-term average but is warranted because of the shaky prospects for foreign stocks, McCourt said. Buy these 15 stocks and play defense as the economy evolvesIn addition to sharing his economic outlook, McCourt gave Insider a list of 15 of his favorite stock picks right now. The first two themes can help investors get defensive while the latter two speak to how the economy is shifting.

☆ A 35-year market veteran shares how he perfected a strategy to hedge against higher interest rates as the Federal Reserve works to stop inflation
▼ + stars: | 2022-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Hedging against higher interest rates has been a winning strategy as the inflation fight continues. At his new firm, the market veteran used his background in options trading and started the Simplify Interest Rate Hedge ETF (PFIX). Bassman's strategy is simply to hedge against interest rates, which have risen dramatically this year as inflation runs rampant. "What I wanted to do was to find a product to offer people direct access to rising interest rates," Bassman told Insider. "The idea that rates go down and you buy this insurance policy — truth be told — is a better strategy," Bassman said.

☆ Trump lashes out on social media after NY AG James files lawsuit on fraud claims
▼ + stars: | 2022-09-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Former U.S. President Donald Trump speaks about transgender athletes during the America First Agenda Summit, at the Marriott Marquis hotel July 26, 2022 in Washington, DC. He also shared a number of attacks on James from news sources and other social media accounts. In a Truth Social post Wednesday afternoon, Trump denounced the new lawsuit as "another Witch Hunt by a racist Attorney General," referring to James, who is Black. He shared links from conservative news outlets with headlines such as "Trump Is The Greatest Man Alive" and "History Is Calling Donald Trump." Yet on Thursday, he re-posted the conservative blog headlines "Trump is running," "The Washington Establishment Fears A Second Term Trump" and "Donald Trump Must Be The 2024 Republican Nominee."

☆ New York’s lawsuit against Trump is different from his other legal troubles: It’s personal
▼ + stars: | 2022-09-21 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +5 min

WASHINGTON — Former President Donald Trump is no stranger to legal scrutiny, but there's something different about the $250 million civil lawsuit New York Attorney General Letitia James filed against him Wednesday: This time, it's as personal for him as it is political. It’s a personal blow for him that this even happened.”Upping the stakes, James named Ivanka Trump, Donald Trump Jr. and Eric Trump as co-defendants in accusing the former president's companies of manipulating business records to secure favorable loans, fool insurers and win tax benefits. "As executive vice presidents, the three children were intimately involved in the operation of the Trump Organization's business," James' lawsuit alleges. Allies say that, if anything, James' lawsuit will rally Republicans around him. Donald Trump Jr. and Eric Trump took to Twitter, accusing James of using their family to advance her own political interests and those of the Democratic Party.

☆ Read Attorney General Letitia James' lawsuit against Trump, his children and their company
▼ + stars: | 2022-09-21 | by ( Nbc News | ) www.nbcnews.com time to read: 1 min

New York Attorney General Letitia James filed suit on Wednesday against former President Donald Trump, his three eldest children and the Trump Organization in connection with her years-long civil investigation into the company’s business practices. The lawsuit alleges years of bank, tax, and insurance fraud, with penalties that could seek to halt Trump’s ability to do business in New York for several years and includes a referral for possible federal prosecution. The Trumps and their company have denied any wrongdoing. Below is the full text of James' civil complaint.

☆ Donald Trump and His Company Are Sued by New York Attorney General on Fraud Allegations
▼ + stars: | 2022-09-21 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

New York’s attorney general filed a civil fraud lawsuit Wednesday against former President Donald Trump, three of his adult children and his company, alleging they engaged in a decadelong scheme to falsely value their assets and generated $250 million in ill-gotten gains. Letitia James, a Democrat and vocal critic of Mr. Trump, alleged Mr. Trump’s financial statements from 2011 to 2021 included 200 false and misleading valuations across 23 properties and assets, including residential buildings, golf clubs and the family’s Mar-a-Lago resort in Florida. The Trump Organization provided these statements to insurers and lenders, reaping favorable terms and other benefits, the lawsuit alleged.

☆ Donald Trump, His Company Sued by New York Attorney General on Fraud Allegations
▼ + stars: | 2022-09-21 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

New York’s attorney general filed a civil fraud lawsuit Wednesday against former President Donald Trump, his company and its leadership, alleging they falsely valued assets for economic gain. The suit, from Democratic state Attorney General Letitia James, alleged fraud and misrepresentations inflated Mr. Trump’s personal net worth by billions of dollars and gave false impressions to banks and insurers about how his financial statements were prepared.

☆ Rick Scott predicts the Trump civil fraud lawsuit won't hurt the GOP's chances of retaking the Senate much and says the Mar-a-Lago raid 'revved up the base'
▼ + stars: | 2022-09-21 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Sen. Rick Scott downplayed the chances of a new lawsuit against Trump endangering the midterms. Scott said simmering outrage over the Mar-a-Lago raid could drive more MAGA voters to the polls. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Scott said what matters more to diehard Trump fans is how the former president is being scrutinized by federal investigators right now. "I think the FBI revved up the base — by doing the raid and not telling anyone why they did it," Scott said.

☆ NY Attorney General Letitia James files $250 lawsuit against Trump, his organization and three oldest kids
▼ + stars: | 2022-09-21 | 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 EmailNY Attorney General Letitia James files $250 lawsuit against Trump, his organization and three oldest kidsCNBC's Eamon Javers joins Shep Smith to report on today's announcement by NY Attorney General Letitia James that she has filed a massive, $250 million civil lawsuit against Donald Trump, the Trump Organization and his three oldest children, Don Jr., Ivanka and Eric.

New York Attorney General Letitia James' office sued Trump, his children, and his business. "Trump falsely inflated his net worth by billions of dollars to further enrich himself and cheat the system," James' office said. James on Wednesday accused the Trump Organization of issuing financial statements that were in "clear violation" of accepted accounting principles. Many of the lawsuit's fraud allegations center on 10 years of Trump's statements of financial condition. Mazars walked away from the statements after James' office found that they repeatedly "misstated objective facts."

☆ Goldman Sachs: Buy these 50 stocks that are highly efficient at generating profits as the Federal Reserve raises interest rates to crushing levels
▼ + stars: | 2022-09-21 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Goldman Sachs listed 50 stock picks with the highest returns on equity. Both valuations and fundamentals are in the crosshairs as rates rise, according to Goldman Sachs. Goldman Sachs expects those cross-sector troubles to continue in 2023 as the economy weakens and as interest rates and tax rates climb. The median stock among this collection is expected to increase ROE 14% over the next 12 months, according to Goldman Sachs. Below are the 50 high-ROE stocks that Goldman Sachs highlighted, including 21 new additions this quarter, along with their ticker, sector, forward ROE, and ROE growth.

She called the "pattern of fraud and deception" used by Trump and the Trump Organization "astounding." 'DISASTERS OF THE WORLD'(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington, July 2014. Donald Trump Jr tweeted that James was "weaponizing her office to go after her political opponents!" Manhattan District Attorney Alvin Bragg has separately charged the Trump Organization with criminal tax fraud, and is preparing for an Oct. 24 trial. read more"Our criminal investigation concerning former President Donald J. Trump, the Trump Organization, and its leadership is active and ongoing," Bragg said in a statement.

The federal judge tasked with reviewing documents seized from Donald Trump’s Florida golf club on Tuesday pressed the former president’s lawyers on whether they planned to argue that Mr. Trump had declassified some of the material in his possession. Judge Raymond Dearie in Brooklyn, N.Y., holding his first public hearing as special master in the case, said that if some of the seized documents bear markings of being classified, that would be a strong reason not to provide them to Mr. Trump’s legal team unless his lawyers could claim otherwise.

☆ Nikola CEO Tells Jurors He Worried About Exaggerations by Company Founder Trevor Milton
▼ + stars: | 2022-09-20 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Trevor Milton, founder of Nikola, center, leaving court in New York last week. He is charged with securities fraud and wire fraud. Nikola CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton , “was prone to exaggeration in public statements.”Testifying in Mr. Milton’s securities-fraud trial, Mr. Russell said that before coming on board in 2019 as president of Nikola, he and Mr. Milton reached an agreement that Mr. Russell would become the chief executive officer if Nikola became a publicly traded company. Mr. Russell said he sought the arrangement because as head of a public company, statements from the CEO needed to be accurate.

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