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☆ Wall Street is gearing up for an M&A boom under Trump. These companies could be attractive targets
▼ + stars: | 2024-11-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Now that the election is over, and a change at the FTC seems highly likely, Wall Street is getting ready for a new era. "In my opinion, bank M & A has reopened for every bank absent the globally systemically important banks," Mills told CNBC. DFS 1M mountain Shares of Discover Financial rallied sharply after the election of Donald Trump. The merger between those two companies was blocked by a judge and then dropped this past week , but both companies could be players moving forward. There's still a populist tone in the Trump campaign … and enforcement, in my opinion, is not going to go away.

Persons: Trump, Lina Khan, Carlyle, Harvey Schwartz, Morgan Stanley, Stephanie McCann, McDermott Will, Emery, Wolfe, Naturium, Goldman, Ed Mills, Raymond James, Mills, Donald Trump, Joe Biden's, Matt Gaetz —, —, There's, Kyle Healy, Alston, Michael Lynton Organizations: Federal Reserve, Federal Trade, FTC, Federal, CNBC, Wolfe Research, Amazon, Electronic Arts, Zoom Video Communications, EA, Activision Blizzard, Capital, Discover Financial Services, DFS, Discover Financial, Spirit Airlines, Frontier, JetBlue, Regulators, Trump, Bird, Warner Music Locations: Washington

☆ Trump taps former Rep. Lee Zeldin to lead the Environmental Protection Agency
▼ + stars: | 2024-11-11 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump on Monday selected former Rep. Lee Zeldin of New York to oversee the Environmental Protection Agency in his administration. In a statement announcing the appointment, Trump described the former four-term House Republican from Long Island as "a true fighter for America First policies." We will do so while protecting access to clean air and water," Zeldin said in a statement on X. The New York Post first reported Zeldin's appointment — Trump's second Cabinet pick for his second term in office. Zeldin was heralded by Republicans for an unexpectedly close race for New York governor in 2022, when he lost to Democrat Kathy Hochul 53.1% to 46.7%.

Persons: Donald Trump, Lee Zeldin, Trump, Zeldin, Trump’s, — Trump's, Susie Wiles, Tom Homan, Joe Biden, Kathy Hochul, Sean Patrick Maloney Organizations: Environmental Protection Agency, Republican, America, Trump’s Cabinet, New York Post, White, Republicans, New York, Democratic Congressional Locations: New York, Long, United States, Paris

☆ Stocks making the biggest moves premarket: Tesla, Coinbase, Cisco Systems and more
▼ + stars: | 2024-11-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: Tesla — The electric vehicle stock popped 7% and looked poised to build on last week's 29% surge. Crypto stocks — Stocks tied to cryptocurrencies rallied, with bitcoin topping $82,000 and hitting fresh highs, as Wall Street continued to bet a Trump administration would be more favorable toward the crypto industry. Trump Media & Technology — Trump's social media stock rallied 8% as investors continued pouring money into stocks connected to the president-elect. Valley National Bank — Shares of the New Jersey-based regional bank gained about 3% on light volume after an upgrade to overweight from neutral by JPMorgan. The investment firm said Valley National is making progress on reducing its exposure to commercial real estate.

Persons: Elon, Donald Trump's, Stocks, cryptocurrencies, Trump, Coinbase, MicroStrategy, Cigna, RadNet, — CNBC's Michelle Fox, Jesse Pound, Pia Singh Organizations: bitcoin, Wall, Humana, GE HealthCare, Cisco —, JPMorgan, Cisco, Enterprise Networking, Trump Media & Technology, Bank, National, Cboe, Deutsche Bank Locations: New Jersey

☆ Stocks making the biggest moves midday: Tesla, Airbnb, Toast, Pinterest and more
▼ + stars: | 2024-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Pinterest — Shares of the image-sharing platform pulled back 16% after the company issued a lower-than-expected revenue outlook for the current quarter. Block — The Cash App parent company slumped more than 4.5% after its third-quarter revenue of $5.98 billion missed expectations. Toast — The restaurant management company climbed 13% after it forecast adjusted EBITDA of between $90 million and $100 million for the current quarter. Analysts expected a loss of 30 cents per share on $198 million in revenue, according to LSEG. That said, Lucid's net loss widened in the period, posting $992.5 million versus $630.9 million in the year-ago period.

Persons: Donald Trump, Elon, Airbnb, DraftKings, LSEG, Monster, FactSet, Goldman Sachs, — CNBC's Hakyung Kim, Alex Harring, Sean Conlon Organizations: Trump Media & Technology, Arista Networks, Arista, Capri Holdings, Beverage, Barclays

☆ Trump Media shares dive, giving up Election Day gain
▼ + stars: | 2024-11-07 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Shares of Trump Media & Technology Group , President-elect Donald Trump's media company, plunged in premarket trading Thursday, giving back the rally in the previous session triggered by his election victory. Trump Media, which is the operator of Truth Social, was viewed as a proxy for Trump's election odds in the past few months. The stock had shot up as much as 60% early Wednesday as Trump was projected to defeat Vice President Kamala Harris. The media company, majority owned by Trump, went public in March via a blank-check merger and now trades under ticker DJT — Trump's initials. Trump Media released a surprise earnings statement after the bell Tuesday that showed the company lost $19.2 million in the third quarter.

Persons: Donald Trump, Elon Musk, Donald Trump's, Trump, Kamala Harris Organizations: Republican, White House, Trump Media & Technology Group, Trump Media, Trump, Investors Locations: Mar, Palm Beach , Florida, U.S, United States

☆ CNBC's Inside India newsletter: How will the next Trump administration impact India?
▼ + stars: | 2024-11-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

Global trade changed considerably over the past four years — benefiting India — as President Joe Biden retained much of Trump's tariffs on China. EnergyOn the one hand, analysts expect Indian interests to be aligned with those of the United States regarding oil prices . Trump's previous term in office, whether intentionally or coincidently, saw moderate to low oil prices. As India imports over 90% of its oil needs, New Delhi will likely welcome any move by the U.S. to keep oil prices low. A quick resolution of the war in Ukraine — Trump's campaign promise — would also prove to be negative for oil prices.

Persons: Narendra Modi, Donald Trump, Narendra Modi's, Joe Biden, Macquarie, Aditya Suresh, Trump, Uncle Sam, Samiran Chakraborty, Baqar Zaidi, Ukraine —, —, Sanjeev Prasad Organizations: India's, U.S, Manufacturing, Global, Observer Research Foundation, Treasury, Indian, Citi, Companies, Tata Consultancy Services, HCL Tech, Infosys, Energy, Suzlon Locations: Hyderabad, New Delhi, India, China, U.S, Mumbai, United States, Ukraine

While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.

Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe

☆ Big Tech's vanishing perks have left employees to face a stark new reality
▼ + stars: | 2024-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Big Tech is pulling back on the freebies for its employees . The perks help recruit and retain talent and keep employees working at the office. Some Amazon employees aren't buying it. It's not all bad news for Amazon employees, though. Some Amazon employees support Jeff Bezos' controversial WaPo decision.

Persons: —, David Arky, Tyler Le, Insider's Lara O'Reilly, Rob Price, Hugh Langley, Sydney Bradley, It's, Matt Garman, Frederic J . BROWN, BI's Jyoti Mann, Ashley Stewart, Garman, Stave Huffman, Spencer Platt, Natalie Ammari, Tesla, Meta, Jenny Chang, Rodriguez, Harris, Trump, you'll, Jeff Bezos, Bezos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Microsoft, SEC, Big Tech, Meta, Citibank, Tech, Services, Getty, Amazon Web Services, Amazon, BI, Google, Semiconductor, Intel, Washington Post, Apple Locations: OpenAI, AFP, New York, London

☆ The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
▼ + stars: | 2024-10-09 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

With the economy top of mind for many voters, tax policy will be significant in the election. Trump's proposals include eliminating taxes on tips and overtime, extending the 2017 tax cuts for individuals, implementing higher tariffs on imported goods, and reducing the corporate tax rate. Meanwhile, the Tax Policy Center has found that the policies would bring down post-tax incomes by $1,800 in 2025. Joe Hughes, a senior analyst on federal tax policy at ITEP, previously told BI that high-wage workers could take advantage of Trump's proposals to make more money. Ultimately, though, any tax proposals would need buy-in from the House and Senate.

Persons: Donald Trump, —, everybody's, ITEP, Ernie Tedeschi, Trump's, Matthew Gardner, Gardner, Trump, Casey B, Mulligan, Joe Hughes, Hughes, Brian Hughes Organizations: Service, Taxation, Yale Budget Lab, White House Council, Economic Advisers, IRS, American Progress, Trump, Policy Institute, Washington Post, Trump campaign's, Democratic, Senate Locations: ITEP

☆ Trump loses 'Electric Avenue' lawsuit as judge finds he has zero defense for tweeting the song
▼ + stars: | 2024-09-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

In Trump's case, Electric Avenue was used for a commercial purpose, not for an allowable non-profit, research, or educational purpose, the judge wrote. The second factor looks at whether the copyrighted work was "creative" or "factual." The third factor weighs how much of the copyrighted work was taken for an unauthorized use. AdvertisementThe final factor asks "whether, if the challenged use becomes widespread, it will adversely affect the potential market for the copyrighted work," the judge wrote. "In this case, there is no public benefit as a result of the defendants' use of 'Electric Avenue'" the judge wrote.

Persons: —, Donald Trump, Eddy Grant's, Trump, Grant, Brett Van Benthysen, Brian Caplan, Mr, Caplan, Van Benthysen, Grant's, Eddy Grant, Dan Scavino, Joe Biden feebly puttering, Pence, John G, Koeltl, Scavino Organizations: Service, Business, Trump Locations: Manhattan, Barbados

☆ Kamala Harris wants a Republican in her cabinet. It's still not clear who that might be.
▼ + stars: | 2024-09-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewIt was probably the most noteworthy thing to come out of Kamala Harris' much-anticipated CNN interview late last month: The Vice President, if elected, pledged to appoint a Republican to her Cabinet. "It may be difficult to find a rational, sane person who still identifies as a Republican" that would agree to serve in Harris' cabinet, Sen. Richard Blumenthal of Connecticut quipped. "There are a lot of Republicans that I think are capable of assuming Cabinet positions," Rep. Jim McGovern of Massachusetts said. "I'm not floating people's names for particular positions," Rep. Ro Khanna of California said, shortly after heaping praise on Republican Rep. Brian Fitzpatrick of Pennsylvania and former Republican Rep. Mike Gallagher of Wisconsin. Though he said Harris' pledge was a "positive step," he made clear on Tuesday that he's not interested in serving in her administration.

Persons: —, Kamala Harris, Jamie Raskin, Maryland, Joe Biden, Donald Trump, Harris, Sen, JD Vance, Trump, Richard Blumenthal, Rep, Alexandria Ocasio, Cortez, Bernie Sanders, wryly, Jim McGovern, Ro Khanna, Brian Fitzpatrick, Mike Gallagher, Liz Cheney, Adam Kinzinger of, Kinzinger, Cheney, Raskin, Cheney hasn't, he'd, Tim Kaine, Barack Obama, Bill Clinton, Kaine, There's, Mitt Romney, he's, I've, Romney, I'm Organizations: Service, CNN, Republican, Business, Connecticut, Hill, Vermont, Massachusetts, Democrats, Los Angeles Times, Senate Armed Services Committee, Defense, Utah Republican, Trump Locations: Alexandria, Cortez of New York, California, Pennsylvania, Wisconsin, Wyoming, Adam Kinzinger of Illinois, Harris, Virginia

☆ An unprecedented legal move could let Trump delay his hush-money sentencing until after Election Day
▼ + stars: | 2024-09-03 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Two days before his sentencing, Trump, they predict, will seek something never before allowed in the appellate courts in New York or in most states for that matter: an interlocutory appeal. AdvertisementEven Trump's Manhattan prosecutors are conceding that this is a legal monkey wrench to be reckoned with. "If New York's courts deny him a right to appeal, he can challenge the decision in federal court," said Paradis. If the federal district court in Manhattan says no, "he can appeal that to the second circuit federal court of appeals." This story has been updated to reflect Trump's federal court efforts, from August 29 to September 4, to further delay sentencing.

Persons: —, Donald, Trump, John Moscow, Donald Trump, Todd Blanche, Justin Lane, that's, Stormy Daniels, Juan Merchan, White, Hope Hicks, Merchan, Alvin Hellerstein, tersely, Trump hasimmediately, Michel Paradis, Emil Bove, Paradis, Attorney Alvin Bragg, SCOTUS, Emil Bove ., Lewis Baach Kaufmann Middlemiss PLLC, unfinalized, Frank Bowman Organizations: Service, Business, Manhattan, US, White House, Trump, Columbia Law School, York, DA, Attorney, University of Missouri Locations: New York, Manhattan, Merchan

☆ 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

☆ 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

☆ Trump's worst rebukes from NY judges were all for attacks on women who made him look bad in court
▼ + stars: | 2024-05-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Cowbells herald a third Trump outburstDonald Trump at his criminal hush-money trial with lawyers Todd Blanche, left, and Emil Bove. I will not tolerate that," state Supreme Court Justice Juan Merchan complained of Trump to defense lawyer Todd Blanche, his voice raised. Then there was Stormy DanielsA courtroom sketch of Stormy Daniels on the witness stand in Donald Trump's hush-money trial. Defense lawyer Susan Necheles questions Stormy Daniels as Donald Trump and Judge Juan Merchan look on. Advertisement"As recently as, I believe, Wednesday night, he was on TikTok," Blanche, the defense lawyer, complained to Merchan before court broke for the week on Friday.

Persons: —, Donald Trump, Trump, riled Trump, they're, Debbie Walsh, Walsh, Donald Trump's, Allison Greenfield, enemies.i Curtis, David Dee Delgado, Arthur Engoron, who'd, Greenfield, Jean Carroll Donald Trump, Jean Carroll, Andrew Kelly, Luiz C . Ribeiro, Lewis Kaplan, audibly —, Carroll, Roberta Kaplan, Cowbells, Todd Blanche, Emil Bove, Jabin, Michael Cohen, Stormy Daniel, Joe Biden's, Juan Merchan, Stormy Daniels, Jane Rosenberg, Daniels, swatting Trump, Merchan, audibly, — Daniels, Blanche, Susan Necheles, Mary Altaffer, Michael Cohen Cohen — Trump's, fining Trump, Cohen, he's, MAGA Organizations: Service, Business, Trump, Center for American Women, REUTERS, New York Daily News, Tribune, Getty, Reuters, GOP, AP Locations: Manhattan, York, New, New York City, Lake Tahoe, New York

Hope Hicks, a former longtime advisor to Donald Trump, took the witness stand in his hush-money trial Friday. Hicks was Trump's 2016 campaign press secretary and later his White House communications director. AdvertisementHope Hicks, an ex-White House aide and longtime advisor to Donald Trump, broke down in tears while on the witness stand on Friday in the former president's hush-money criminal trial. After answering "yes," Hicks grabbed a tissue and turned to her left while sitting on the witness stand. Hicks took the witness stand again after about a five-minute break, looking flushed but calmer.

Persons: Hope Hicks, Donald Trump, Hicks, —, Emil Bove, Ms, Juan Merchan, Trump, Stormy Daniels, Trump's, Michael Cohen, Hicks —, Cohen, Daniels Organizations: White House, Service, White, Trump Organization, Trump, Prosecutors, Attorney's, Daniels, National Enquirer Locations: Trump, Manhattan

☆ The Supreme Court is about to decide if a president can get away with committing crimes while in office
▼ + stars: | 2024-04-24 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +12 min

Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.

Persons: Donald Trump, Jack Smith's, —, Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County

☆ Judge bench-slaps Trump lawyer 5 times on day 1 of hush money trial
▼ + stars: | 2024-04-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Merchan didn't hit Blanche as hard as a federal judge in Manhattan has hit Trump lawyer Alina Habba for her lawyering. During the E. Jean Carroll defamation trial in January, Judge Lewis Kaplan bench-slapped Habba 14 times during a single day of testimony. "Please direct me to the portion of the original gag order, or the subsequent gag order, where it makes any exception if Mr. Trump feels he is under attack. The judge told Blanche to file a response, in writing, explaining why Trump should not be held in contempt for violating the gag order. The judge paused, then added, with some sarcasm, "I don't recall inserting that anywhere in either gag order."

Persons: —, Juan Merchan, Donald Trump's, — Trump's, Todd Blanche, Merchan didn't, Blanche, Alina Habba, Jean Carroll, Lewis Kaplan, Joshua Steinglass, blanch, I've, Merchan, Blanche's, Trump, Donald Trump, Susan Necheles, Timothy A, Clary, — Michael Cohen, Stormy Daniels, Daniels, Cohen, Chris Conroy, Conroy, Trump's, snarked, — Merchan, meekly, Emil Bove, Jabin, — Blanche, Jack Smith, didn't, Steinglass, incredulously Organizations: Service, Business, Reuters, Former U.S, Manhattan Criminal, Justice Locations: New, Manhattan, Trump's, balking, New York City, New York, New York County

☆ It's not just inner-ring suburbs. Trump has also underperformed in key exurban counties during the GOP primaries.
▼ + stars: | 2024-03-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

And this year, Trump underperformed in many inner-ring suburban counties compared to his statewide vote totals. Related storiesIn the 2016 general election, Trump won Emmet County — in the northern reaches of the Lower Peninsula — by 19 points. AdvertisementIn the 2024 Michigan GOP primary, Trump won Emmet by 34 points, but the figure was below his nearly 42-point statewide victory. A similar scenario unfolded in the North Carolina primary, where Trump won statewide by nearly 51 points. Robert Schwartz, the senior advisor for Haley Voters for Biden, a one-time pro-Haley super PAC, is one of those backers.

Persons: —, Donald Trump, Trump, they'll, Parker Fairbairn, Emmet, Nikki Haley — Trump's, Charlotte exurbs, Haley, Joe Biden, Biden, reelect Biden, Robert Schwartz, Nikki Haley, MAGA Organizations: Service, Democratic, Business, Politico, Republican, Republican Party, GOP, Trump, Republicans, Emmet, Michigan GOP, Haley Voters, Biden, Haley, PAC Locations: United States, Orange County , California, Cobb County , Georgia, Emmet County , Michigan, Michigan, Emmet, North Carolina, Cabarrus, Union

☆ Think your interest costs are high? Donald Trump now owes $1M more in interest on his NY fraud trial judgment.
▼ + stars: | 2024-03-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Under last month's fraud trial judgment, Trump's debt to NY rises by $111,984 in interest per day. Under the final fraud trial judgment, the GOP frontrunner's debt to New York state rises daily by $111,984 in interest. That means every 9 days, Trump owes the state another $1 million in interest. On that same day, the total Trump owes New York will tick up by another $1 million, to $456 million. Former Trump Organization CEO Allen Weisselberg owes $1 million; interest is adding $272 to his total every day.

Persons: —, Donald Trump, Trump, Arthur Engoron, Engoron, Donald Trump’s, UqZ85lGILh, Mike Sisak, ingle, ong, ike, J r., ric, wes Organizations: Service, they're, GOP, Mike Sisak 🗒️, ust, tate Locations: New York

☆ Trump loses big in NY hush-money hearing, as judge rejects all efforts to dodge or delay March 25 trial
▼ + stars: | 2024-02-15 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Trump appeared in his Manhattan felony hush-money case, and learned his trial date remains March 25. Trump had asked to delay the March 25 trial, insisting through his lawyer that he was too busy campaigning and fighting his three other felony cases. Judge Juan Manuel Merchan is expected to rule whether the trial will begin as scheduled on March 25. Cohen sent his own $130,000, borrowed on a home equity line of credit, to Daniels to ensure she would not go public with her claim of an affair with Trump, prosecutors allege. Read Manhattan prosecutors' 99-page rebuttal to Trump's dismissal motion here.

Persons: Trump, he's, —, Donald Trump, Todd Blanche, Trump's, Blanche, Juan Merchan, Merchan, Stormy Daniels, Judge Juan Manuel Merchan, Brendan McDermid, Attorney Alvin Bragg, Daniels, Michael Cohen — Trump's, Cohen, he'd Organizations: Service, Republican, Manhattan Criminal, Court, Attorney, Prosecutors, Trump Organization, Read Manhattan Locations: Manhattan, Florida, New York City

☆ How Trump's 'I'm rich!' boasts are coming back to bite him in court
▼ + stars: | 2024-02-02 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The day before awarding Carroll $83.3 million in damages — Trump's penance for calling her a lying "whack job" when she told the world he'd sexually assaulted her — jurors heard, firsthand, how rich he was. AdvertisementTrump's "I'm rich" boasts hurt him in both the Carroll verdict and the upcoming fraud trial verdict, Snell said. Punitive damages in defamation cases are supposed to have a deterrent effect, to stop the defamation from happening again. AdvertisementTrump's wealth also illustrates why the jury imposed enormous punitive damages compared to the $18.3 million to compensate Carroll. The Carroll jury also heard Trump boast about the value of his "brand."

Persons: Donald Trump's, Jean Carroll, Donald Trump, Carroll, Roberta Kaplan, Trump, Letitia James, I'm, Tristan Snell, General's, Snell, Trump's, —, Kaplan, J, Erik Connolly, Connolly, Stephanie Keith, There's, We've, that's, Forbes, Timothy A, Clary, didn't, Chris Mattei, Alex Jones, Mattei, Arthur Engoron, Engoron Organizations: Carroll, Trump, New York Attorney, New, New York, Trump University, Disney, Benesch, NEW, Manhattan Federal Court, E, MSNBC, Trump Organization, Forbes, Bloomberg, Getty Locations: Manhattan, Smartmatic, New York City, AFP, New York

☆ The awkward debate moment where GOP candidates reluctantly backed Trump shows why they don't stand a chance to unseat him
▼ + stars: | 2023-08-24 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

During the first GOP debate, most candidates said they'd support Donald Trump if he were convicted. The awkward moment was a coup for Trump, who skipped the debate entirely to chat with Tucker Carlson in a pre-recorded interview. Trump has argued that the candidates challenging him for the GOP nod were no threat to him. AdvertisementAdvertisementSince he stunned the Republican establishment in 2016, Trump has built his political brand on being the brash, tough outsider. It's a bizarre situation: A group of politicians running to unseat Donald Trump who all say they'll still back him even if he's a convicted criminal.

Persons: Donald Trump, Ron DeSantis, they'd, Vivek Ramaswamy, Trump —, Nikki Haley, Tim Scott, Doug Burgum, glanced, Mike Pence — Trump's, who's, —, Asa Hutchinson, Chris Christie, Trump, Tucker Carlson, He's, he's Organizations: GOP, Service, Republican, Trump, Washington DC Locations: glanced, Wall, Silicon

☆ Former Trump advisor now supports DeSantis, says he will be an 'amazing president' while asking 'who would work for Trump???'
▼ + stars: | 2023-06-18 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

A former Trump advisor is now campaigning with Ron DeSantis and trash-talking his old boss. Steve Cortes, once one of Trump's most senior advisors, asked on Twitter: "Who would work for Trump???" Ron DeSantis — Trump's primary opposition for the 2024 GOP presidential nomination. Steve Cortes, a senior advisor on Trump's 2016 and 2020 campaigns, has loudly supported DeSantis since he announced his endorsement in a Newsweek op-ed in May. "This young leader will be an amazing president," Cortes tweeted on Saturday while campaigning with DeSantis in Nevada.

Persons: Ron DeSantis, Steve Cortes, messier, —, Donald Trump, Ron DeSantis —, DeSantis, Cortes, Trump, John Kelly, he's, Kelly — Organizations: Trump, Twitter, Republican, Service, Florida Gov, Newsweek, DeSantis, GOP, White, White House, Truth Locations: Nevada

☆ Jack Smith is investigating the Trump White House meeting with Sidney Powell where a plan to seize voting machines was discussed: report
▼ + stars: | 2023-04-05 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

Special Counsel Jack Smith is investigating a December 2020 meeting at the Trump White House, per CNN. At the meeting, participants, including Sidney Powell, discussed a plan to seize voting machines. Of particular interest to Smith is a December 18, 2020 meeting at the White House where Trump was joined by attorney Sidney Powell, who was falsely claiming that electronic voting machines were hacked by foreign adversaries, sources told CNN. Flynn, prior to the meeting, had for weeks been pushing the idea of seizing voting machines, arguing that Trump could unilaterally demand it be done. O'Brien told prosecutors that he "had made clear there was no evidence of foreign interference affecting voting machines," according to the outlet.

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