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☆ CNBC Pro Talks: After the Fed cuts rates, one fund manager will reveal where to invest right now
▼ + stars: | 2024-09-24 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

After the U.S. Federal Reserve cut interest rates by a bumper 50 basis points , investors have been left wondering whether growth or value stocks are the best bet. On CNBC's upcoming Pro Talks , Silvia Amaro will ask value investor Sean Peche where he sees opportunities in the current market. Peche is portfolio manager at the U.K.-based Ranmore Fund Management and manages its $329 million Ranmore Global Equity Fund . As of Aug. 31, the Ranmore Global Equity Fund has returned 21.6% over the last year, underperforming its benchmark MSCI World Index's 24.4%. CNBC Pro subscribers can watch Pro Talks live on Wednesday, Sept. 25, at 7 a.m.

Persons: Silvia Amaro, Sean Peche, He'll, Warren Buffett, Eli Lilly, ager, CNBC's Silvia Amaro Organizations: U.S . Federal Reserve, Ranmore Fund Management, Global Equity Fund, Investors, Ranmore, Equity, Petrobras, Baidu, ABN Amro, Ranmore Global Equity Fund, Decillion Fund Management, Orbis Investment Advisory, CNBC, Beyond Locations: Carrefour, China, U.S, London

☆ Donald Trump never paid $380,000 a British court said he owed over the 'golden showers' dossier, former spy says
▼ + stars: | 2024-06-12 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Trump has dismissed the claims as a "pile of garbage," saying that the Steele dossier contained numerous inaccuracies and breached his rights under the Data Protection Act. Related storiesNeither the Trump campaign nor Trump's office responded to a request for comment. Neither the Trump campaign nor Trump's office immediately responded to Business Insider's request for comment. AdvertisementThe Steele dossier consisted of 16 separate reports that total 35 pages. It was leaked to and published by BuzzFeed in 2017 and alleged collusion between Donald Trump's campaign and Russia.

Persons: —, Donald Trump, Christopher Steele, Hillary Clinton, Trump, Steele, — Christopher Steele, Stormy Daniels, BuzzFeed, Donald Trump's, Clinton Organizations: Service, British, Court, Sky News, Democratic National Convention, Business, Trump, Ritz, Carlton, Data, Orbis Business Intelligence, English Locations: British, Russia, Moscow

☆ UK judge denies Trump’s appeal in suit related to Steel dossier
▼ + stars: | 2024-03-29 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —A London appellate justice refused former President Donald Trump’s request to appeal the dismissal of his case against retired British spy Christopher Steele’s company over his controversial 2016 dossier. Steyn also ordered Trump to pay £300,000 in legal fees to Steele’s company, Orbis Business Intelligence, which Trump requested to be stayed. In his order Wednesday, Lord Justice Mark Warby said Trump’s “appeal would have no real prospect of success,” finding that some of the presumptive Republican presidential nominee’s arguments were contradictory and his appeal attempted to offer new points that he didn’t present before Steyn. The dossier claimed that Trump conspired with the Kremlin to win the 2016 election and that Russia had compromising information on him. While the dossier was initially seen as credible due to Steele’s reputation, a series of US government investigations and lawsuits over the years discredited many of the claims.

Persons: Donald Trump’s, Christopher Steele’s, Karen Steyn’s, Steele, —, Steyn, Trump, Mark Warby, Trump’s, Jean Carroll, ”, ” Steele, “, Donald Trump, CNN’s Kate Sullivan, Natasha Bertrand, Zahid Mahmood, Marshall Cohen, Catherine Nicholls Organizations: CNN, Orbis Business Intelligence, Republican, Trump, ” CNN, Kremlin Locations: London, British, York, Russia

☆ UK court orders Trump to pay legal fees of company he sued over controversial Russia dossier
▼ + stars: | 2024-03-08 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +2 min

CNN —A London judge has ordered former President Donald Trump to pay six figures in legal fees to a company he sued over a controversial dossier that made unverified and salacious allegations about him, according to court documents released Thursday. After dismissing the former president’s case last month against retired British intelligence officer Christopher Steele and his company, Orbis Business Intelligence, Judge Karen Steyn has ordered Trump to pay £300,000 ($385,000) to the company, according to court documents. Steyn ultimately ordered Trump to pay less than 50% of Orbis Business Intelligence’s stated costs. CNN has reached out to Orbis Business Intelligence and the Trump campaign for comment. Trump also faces his own legal fees in the 91 charges he faces in four criminal cases.

Persons: Donald Trump, Christopher Steele, Karen Steyn, Trump, Steyn, Orbis Business Intelligence’s, Steele, Jean Carroll, CNN’s Michael Rios, Jonny Hallam, Kristen Holmes, Marshall Cohen, Zahid Mahmood Organizations: CNN, Orbis Business Intelligence, Trump, Orbis Business, Kremlin Locations: British, Russia, York

☆ Trump ordered to pay $382,000 in legal fees for failed 'Steele Dossier' lawsuit
▼ + stars: | 2024-03-07 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A British judge ordered former President Donald Trump to pay legal fees of $382,000 to a company he unsuccessfully sued in London over the infamous "Steele Dossier" that came to light after his 2016 election. The amount of money that Trump owes Orbis for legal fees could grow even higher. A lawyer for Trump, who is the presumptive Republican nominee for president, did not immediately respond to a request for comment on the legal fees order. Trump strongly denied those and other allegations in the Steele Dossier, which was prepared at the request of a company called Fusion GPS for opposition research. The dossier was later leaked to the media outlet BuzzFeed, which published it in early January 2017, shortly before Trump was inaugurated as president.

Persons: Donald Trump, Steele, Trump's, Christopher Steele, Trump, Orbis Organizations: British, Orbis Business Intelligence, Orbis, Trump, Republican Locations: Nevada, Treasure, Las Vegas , Nevada, U.S, London, British, Russia

☆ A renowned market bear who called the dot-com bubble warns concentration in tech stocks now exceeds levels seen just before the 2000 crash — and cautions that the sector's earnings are not keeping up
▼ + stars: | 2024-02-17 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

For example, the tech sector’s valuations are generally lower than they were then, though still elevated. One is that the fundamentals of the tech sector are detached from its price action. While the sector’s earnings have performed better than the rest of the market on average, earnings expectations have been rising faster than actual subsequent earnings performance. Many parallels between the dot-com bubble and today’s market have been called to light in recent weeks. Only time will tell if tech stocks are in a bubble that's due to burst.

Persons: Albert Edwards, “, ” Edwards, Edwards, Michael Hartnett, Jeffrey Schulze, Adam Karr, ”, Quincy Krosby, Hartnett Organizations: Societe Generale, Nasdaq, Business, Generale, Bank of America, Orbis Investment Management, Artificial Intelligence, LPL Financial Locations: Japan

LONDON (AP) — A judge in London on Thursday threw out a lawsuit by former U.S. President Donald Trump accusing a former British spy of making “shocking and scandalous claims” that were false and harmed his reputation. Judge Karen Steyn said the case Trump filed against Orbis Business Intelligence should be dismissed. Photos You Should See View All 45 ImagesTrump sought damages from Orbis for allegedly violating British data protection laws. Tomlinson said the dossier “contained shocking and scandalous claims about the personal conduct of President Trump” and included allegations he paid bribes to Russian officials to further his business interests. Trump’s case “is that this personal data is egregiously inaccurate,” he said.

Persons: —, Donald Trump, ”, Karen Steyn, Trump, Christopher Steele, Trump’s, Hugh Tomlinson, “, Steele, Tomlinson, Trump ”, ” Trump, Orbis Organizations: U.S, Orbis Business Intelligence, Trump, Orbis, Secret Intelligence Service, BuzzFeed Locations: London, British, Russia, Moscow, St . Petersburg, Russian

☆ Donald Trump's lawsuit over 'Steele dossier' thrown out by UK court
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: +1 min

Former US President Donald Trump leaves Trump Tower for Manhattan federal court to attend his defamation trial in New York on January 26, 2024. Donald Trump's data protection lawsuit against a British private investigations firm over a dossier which alleged ties between Trump's campaign and Russia was thrown out by London's High Court on Thursday. Trump, the frontrunner for the 2024 Republican presidential nomination, had sued Orbis Business Intelligence about claims in a dossier written by former British intelligence officer Christopher Steele, who co-founded Orbis. Orbis, however, argued that Trump brought the claim simply to address his "longstanding grievances" against the company and Steele. The London lawsuit is just one of many legal cases involving Trump, who faces four separate criminal prosecutions in the United States.

Persons: Donald Trump, Donald Trump's, Christopher Steele, Karen Steyn, Trump, Steele Organizations: Trump, London's, Orbis Business Intelligence, Orbis Locations: Manhattan, New York, Russia, British, U.S, London, United States

☆ UK judge dismisses Trump’s suit against ex-spy behind controversial Russia dossier
▼ + stars: | 2024-02-01 | by ( Zahid Mahmood | Marshall Cohen | ) edition.cnn.com time to read: +2 min

LONDON CNN —A London judge has dismissed Donald Trump’s lawsuit against retired British spy Christopher Steele over his controversial 2016 dossier that contained unverified and salacious allegations about Trump’s ties to Russia. A judge from the London High Court dismissed the data privacy lawsuit against Steele and his company, Orbis Business Intelligence, according to local reports. Those uncorroborated claims first emerged in the so-called Steele dossier, which Steele secretly compiled on behalf of Trump’s political opponents in 2016, and became public after a media leak in early 2017. The memos claimed Trump conspired with the Kremlin to win in 2016 and that Russia had compromising information on him. Judge Karen Steyn said Thursday that Trump’s case lacked merit and should be thrown out.

Persons: Donald Trump’s, Christopher Steele, Steele, Trump, Karen Steyn, ” Steyn, ”, Antony White KC, –, ” Steele Organizations: CNN, London High Court, Orbis Business Intelligence, Kremlin, Orbis, Republican Locations: British, Russia, BuzzFeed, Trump

☆ Trump's legal losing streak continues — a British judge tossed out his lawsuit over the infamous Russia dossier
▼ + stars: | 2024-02-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

A UK judge has thrown out Trump's lawsuit over a 2016 "dirty dossier" compiled by a former spy. Ex-MI6 agent Christopher Steele alleged that Trump's presidential campaign colluded with Russia. AdvertisementDonald Trump's legal troubles are getting worse. The blow to Trump's legal team comes after The New York Times reported that he obtained $50 million towards legal expenses from his supporters in 2023. President Trump's legal team will evaluate the complete judgment as we continue to fight for the truth and against falsehood."

Persons: Christopher Steele, Trump, —, Donald Trump's, Steele, BuzzFeed, Karen Steyn, Judge Steyn, Hugh Tomlinson, — Trump, Jean Carroll, Carroll, Steven Cheung, Trump's Organizations: Service, Trump, Associated Press, FBI, presidential, Orbis Business Intelligence, Business, Republican, New York Times, Court Locations: Russia, British, Moscow, London

☆ U.K. High Court Throws Out Trump Dossier Privacy Case
▼ + stars: | 2024-02-01 | by ( Megan Specia | More About Megan Specia | ) www.nytimes.com time to read: +1 min

The High Court in London decided on Thursday that a lawsuit filed by Donald J. Trump against Christopher Steele, a former British spy who compiled a dossier in 2016 detailing unproven claims of links between the former president and Russia, would be thrown out. The lawsuit was brought by Mr. Trump against Orbis Business Intelligence, Mr. Steele’s firm. Mr. Steele had compiled the dossier and it was leaked to the press shortly before he was sworn in as president. In the decision, handed down virtually on Thursday morning, the court ruled that Mr. Trump “has no reasonable grounds for bringing a claim for compensation or damages, and no real prospect of successfully obtaining such a remedy.”The judge, Karen Steyn, said she had “not considered, or made any determination, as to the accuracy or inaccuracy” of the dossier, and noted that Mr. Trump had said the allegations were “wholly untrue.”

Persons: Donald J, Trump, Christopher Steele, Steele, Trump “, Karen Steyn, “ Organizations: Court, Mr, Orbis Business Intelligence Locations: London, British, Russia

☆ 'You are now living through Tech Bubble 2.0': A 32-year market vet warns stocks are doomed to suffer substantial losses with valuations at historic highs and the economy on the verge of recession
▼ + stars: | 2024-01-27 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

"For those of you younger than us who did not live through the Tech Bubble of the late 1990s, you are now living through Tech Bubble 2.0. As a reminder, the NASDAQ fell about 80% when that bubble burst in the mild recession of the early 2000s," Wolfenbarger said. AdvertisementThere is evidence that backs up Wolfenbarger's bubble claims, starting with fairly standard valuation measures like the Shiller cyclically-adjusted price-to-earnings ratio. While it's not as high as it was during the dot-com bubble, it's higher than it was in 1929 — and is at one of its most elevated levels in history. Bank of AmericaAs for what will finally deflate the bubble, Wolfenbarger is expecting a recession to hit the US economy.

Persons: —, Microsoft —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, it's, America's Michael Hartnett, Louis Fed Wolfenbarger, Jeremy Grantham, Adam Karr, Orbis Investment Management Karr, It's Organizations: Service, Apple, Nvidia, Microsoft, Business, JPMorgan, ClearBridge, Tech, NASDAQ, ClearBridge Investments Bank, America's, Bank of America, Bank of America's Global, Institute for Supply Management's Manufacturing, Orbis Investment Management, Global Fund, Federal Reserve Locations: Japan

☆ Trump and Ivanka's relationship was 'severely damaged' after he found out she was friends with Christopher Steele, the former MI6 agent says
▼ + stars: | 2023-10-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Former MI6 agent Christopher Steele said that his friendship with Ivanka Trump hurt her relationship with her dad. AdvertisementAdvertisementFormer President Donald Trump's relationship with his daughter Ivanka broke down "severely" when the somewhat awkward news emerged that she had an undisclosed friendship with Christopher Steele, the former MI6 agent said on Tuesday. AdvertisementAdvertisement"I informed them that I had in fact had a friendship and professional relationship with Ivanka Trump . AdvertisementAdvertisementBut in his witness statement on Tuesday, Steele said that revealing this had led to trouble with the then-president. Ivanka Trump served as a presidential advisor during the Trump administration and took to the stage in 2020 to introduce him at the RNC.

Persons: Christopher Steele, Ivanka Trump, Steele, —, Donald Trump's, Ivanka, Trump, Sonam Sheth, General Michael Horowitz, Steele's, Ms Trump, Trump's, Mr Steele, Jared Kushner — Organizations: Service, Trump, Associated Press, Business Intelligence, FBI, DOJ, The Times, Guardian, Trump Tower, Times, RNC, DC Locations: London, Trump, Russia, Scotland

☆ Trump committed egregious intelligence breach, ex-UK spy tells court
▼ + stars: | 2023-10-17 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The former intelligence officer also said: "Two of the named Russian sources have not been seen or heard of since." On the last day of his presidency, Trump declassified Steele's evidence and provided a copy of his testimony to a journalist, Steele said in his statement. "The publication of this document did serious damage to the U.S. government's Russian operations and their ability to recruit new Russian sources," Steele said. Steele also said in his witness statement that he believed Trump was "motivated by a personal vendetta against me and Orbis and a desire for revenge". In his witness statement, Trump said Ivanka was "completely irrelevant to this claim and any mention of her only serves to distract this court from (Orbis') and Mr Steele's reckless behavior".

Persons: Donald Trump, Shannon Stapleton, Steele, Trump, declassification, Donald Trump's, Christopher Steele, president's, Robert Mueller's, Mueller, Ivanka, Mr Steele, Sam Tobin, Emelia Sithole Organizations: U.S, Republican, REUTERS, London's, Trump, Orbis Business Intelligence, FBI, Thomson Locations: West Palm Beach , Florida, U.S, Russia, British

☆ Donald Trump wants London court to rule 'Steele dossier' sex claims are false
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Trump, the frontrunner for the 2024 Republican presidential nomination, is suing Orbis Business Intelligence for alleged data protection breaches over a dossier written by former British intelligence officer Christopher Steele, who co-founded Orbis. The Steele dossier, published by the BuzzFeed website in 2017, alleged ties between Trump's campaign and Russia and said Trump engaged in sexual behaviour that gave Russian authorities material with which to blackmail him. Orbis, however, argues that Trump is bringing the claim simply to address his "longstanding grievances" against the company and Steele. 'SHOCKING AND SCANDALOUS'Trump's lawyer Hugh Tomlinson told the court the former president wanted to prove that the "shocking and scandalous claims" in the Steele dossier were false. White said Trump only sued Orbis in London after a similar case brought in Florida against Orbis, Steele and others – including his Democratic opponent in the 2016 election, Hillary Clinton – was dismissed.

Persons: Donald Trump, Marco Bello, Christopher Steele, Trump, Steele, Hugh Tomlinson, Tomlinson, Antony White, White, Orbis, Hillary Clinton –, Jean Carroll, Letitia James, Trump's, Mikhail Fridman, Petr Aven, Karen Steyn, Sam Tobin, Ed Osmond, Christina Fincher, Rod Nickel Organizations: REUTERS, Trump, Orbis Business Intelligence, Orbis, Republican, Mr, Democratic, New, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, Moscow, St . Petersburg, Florida, New York

☆ Donald Trump wants to give evidence in London court over 'Steele dossier'
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Trump has previously criticised what he described as Steele's "fake dossier" and his lawyers said in court filings made public on Monday that the report is "egregiously inaccurate". Trump's lawyer Hugh Tomlinson told London's High Court: "President Trump brings this case because he seeks vindication of his legal rights." 'SHOCKING AND SCANDALOUS'Trump wants to prove that the "shocking and scandalous claims" in the Steele dossier are false and "intends to discharge that burden by giving evidence in this court", Tomlinson said. But Orbis' lawyers argue that Trump's lawsuit should be thrown out of court. Steele did attend and sat alongside Orbis' lawyers during the hearing.

Persons: Donald Trump, Marco Bello, Trump, Christopher Steele, Steele, Hugh Tomlinson, London's, Tomlinson, Antony White, Joe Biden's, Sam Tobin, Ed Osmond, Christina Fincher Organizations: REUTERS, Orbis Business Intelligence, Orbis, New, Republican, Democrat, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, New York, Washington, United States

Trump has sued the company founded by Christopher Steele, who created a dossier in 2016 that contained rumors and uncorroborated allegations about Trump that erupted in a political storm just before he was inaugurated. Trump is claiming he “suffered personal and reputational damage and distress" because his data protection rights were violated. Tomlinson said it "contained shocking and scandalous claims about the personal conduct of President Trump” and included allegations he paid bribes to Russian officials to further his business interests. Trump's case “is that this personal data is egregiously inaccurate,” he said. Tomlinson said Trump plans to vindicate himself in court by providing evidence that the report's claims were false.

Persons: —, Donald Trump, ”, Trump, Christopher Steele, “, Steele, Tomlinson, Trump ”, Orbis Organizations: Orbis Business Intelligence, London's, Secret Intelligence Service, BuzzFeed Locations: London, British, New York, U.S, Russia, Moscow

☆ Donald Trump's Lawsuit Over 'Steele Dossier' in London Court
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Sam TobinLONDON (Reuters) - Donald Trump's lawyers will argue at London's High Court on Monday that the former U.S. president can pursue his lawsuit against a British private investigations firm over a dossier which alleged that Russia supported his 2016 election campaign. The "Steele dossier" made allegations about ties between Trump's 2016 election campaign and Russia, and said Trump engaged in "perverted sexual acts" which were monitored by Russia's Federal Security Service (FSB). Trump has previously criticised what he described as Steele's "fake dossier", and his lawyers say the report is inaccurate. He is seeking compensation for "personal and reputational damage and distress", which Trump's lawyers say were caused by the "false, intrusive and damaging allegations about (his) personal life". Trump's lawsuit against Orbis is one of many legal cases the former president is involved in.

Persons: Sam Tobin LONDON, Donald Trump's, Trump, Christopher Steele, Steele, Joe Biden's, Sam Tobin, Ed Osmond Organizations: Orbis Business Intelligence, Russia's Federal Security Service, Orbis, New, Republican, Democrat Locations: Russia, British, New York, Washington, United States

☆ Donald Trump's lawsuit over 'Steele dossier' in London court
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The "Steele dossier" made allegations about ties between Trump's 2016 election campaign and Russia, and said Trump engaged in "perverted sexual acts" which were monitored by Russia's Federal Security Service (FSB). Trump has previously criticised what he described as Steele's "fake dossier", and his lawyers say the report is inaccurate. In court filings, Trump denies the allegations made in the Steele dossier, including that he engaged in perverted sexual behaviour in Russia and that he paid bribes to Russian officials to further his business interests. Orbis, however, is applying to have the lawsuit thrown out of court on the grounds it has no real prospect of success, according to a High Court order dated June 9. Trump's lawsuit against Orbis is one of many legal cases the former president is involved in.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Donald Trump's, Trump, Christopher Steele, Steele, Joe Biden's, Sam Tobin, Ed Osmond Organizations: U.S, Trump Organization, REUTERS, Orbis Business Intelligence, Russia's Federal Security Service, Orbis, New, Republican, Democrat, Thomson Locations: New York City, U.S, Russia, British, New York, Washington, United States

CNN —Former President Donald Trump is suing retired British intelligence officer Christopher Steele over the controversial dossier he compiled which shook Washington with its unverified and salacious allegations about Trump. Multiple US government inquiries uncovered dozens of contacts between Trump campaign associates and Russians, which have since been acknowledged. The money trail behind the Steele dossier has also been a subject of intense political scrutiny for years. About one year after the 2016 election, it became public that Steele was indirectly paid by Democrats to research Trump. Steele has faced a series of civil lawsuits in the US and UK stemming from the dossier.

Persons: Donald Trump, Christopher Steele, Steele, Orbis Business Intelligence –, Trump, Tim Lowles, John Durham, Steele’s handiwork, Igor Danchenko, ” “, Danchenko, ” Steele, Hillary Clinton’s, Perkins Coie, Clinton’s Organizations: CNN, Trump, Orbis Business Intelligence, Kremlin, London’s, Department, Democratic National Committee, Fusion, DNC, FBI Locations: Washington, Russia, Durham, Trump

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