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A Manhattan jury returned the verdict after deliberating for about 13 hours over three days in Federal District Court. Mr. Menendez was found guilty on all 16 counts he faced, including bribery, honest services wire fraud, extortion, obstruction of justice, conspiracy and acting as an agent for Egypt. The verdict made Mr. Menendez the first United States senator to be found guilty of acting as an agent of a foreign power and the seventh to be convicted of a federal crime while in office. Mr. Menendez, 70, now faces the possibility of many years in prison when he is sentenced by the judge, Sidney H. Stein. The judge said he would sentence Mr. Menendez on Oct. 29.

Persons: Robert Menendez, Menendez, Sidney H, Stein Organizations: Robert Menendez of New, Senate Foreign Relations, Court, United Locations: Robert Menendez of, Robert Menendez of New Jersey, Manhattan, Egypt, United States

☆ Menendez Has Been Convicted. What Happens Next?
▼ + stars: | 2024-07-16 | by ( Nicholas Fandos | More About Nicholas Fandos | ) www.nytimes.com time to read: 1 min

Senator Robert Menendez of New Jersey maintained his innocence on Tuesday and vowed to appeal his conviction on sweeping charges of bribery, extortion and obstruction of justice. Mr. Menendez offered few immediate answers. Judge Sidney H. Stein set a hearing to sentence Mr. Menendez and his co-defendants for Oct. 29, just a week before Election Day. The senator, who is free on a personal recognizance bond, could face up to 20 years in prison. It took only a matter of minutes, though, for Mr. Menendez, a Democrat, to face renewed calls to resign his Senate seat, including from Senator Chuck Schumer of New York, the majority leader, and Gov.

Persons: Robert Menendez, Menendez, Sidney H, Stein, Chuck Schumer, Philip D, Murphy Organizations: Robert Menendez of New, Democrat, Gov Locations: Robert Menendez of, Robert Menendez of New Jersey, New York, Murphy of New Jersey

☆ What Happens When a Defendant Gets Covid-19 During Trial?
▼ + stars: | 2024-06-13 | by ( Benjamin Weiser | Tracey Tully | ) www.nytimes.com time to read: +1 min

The trial of Senator Robert Menendez was paused on Thursday after the judge announced that one of the senator’s co-defendants, Fred Daibes, a New Jersey real estate developer, had tested positive for Covid-19. The judge, Sidney H. Stein, said it was “the expectation and the hope of the court” that the trial could resume Monday, given revised federal Covid guidelines and depending on how quickly Mr. Daibes begins to recover. Mr. Daibes is on trial with the senator and another defendant in a sprawling bribery conspiracy case in which prosecutors say Mr. Menendez, 70, and his wife, Nadine Menendez, 57, accepted gold, cash and a luxury car in exchange for the senator’s agreeing to dispense political favors at home and abroad. Ms. Menendez’s trial was postponed until at least August because she is being treated for breast cancer. All four defendants have pleaded not guilty.

Persons: Robert Menendez, Fred Daibes, Sidney H, Stein, Daibes, Menendez, Nadine Menendez, Menendez’s Organizations: Disease Control Locations: New Jersey

☆ Jury Selection in Menendez Trial Stretches Into a Third Day
▼ + stars: | 2024-05-15 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Jury selection in the corruption trial of Senator Robert Menendez of New Jersey stretched into a third day on Wednesday, as a judge prepared to seat a dozen citizens who will soon weigh one of the most serious sets of charges ever brought against a sitting senator. The judge, Sidney H. Stein, spent much of Tuesday questioning dozens of potential jurors from New York City and Westchester County, quizzing them on their professions, experiences with the criminal justice system and preferred news sources. After hours in the Manhattan federal courtroom, he indicated a final panel was imminent. “We will be picking a jury by the end of the morning,” Judge Stein said late Tuesday, adding that he expected to begin opening statements quickly thereafter. Prosecutors will go first, offering jurors and the public a preliminary outline of a sprawling corruption and bribery case that involves $100,000 in gold bars, an Egyptian halal meat monopoly and a Qatari sheikh.

Persons: Robert Menendez, Sidney H, Stein, ” Judge Stein Organizations: Prosecutors Locations: Robert Menendez of New Jersey, New York City, Westchester County, Manhattan, Qatari

☆ Who Are Key Players in the Menendez Case?
▼ + stars: | 2024-05-11 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +7 min

Who Are Key Players in the Menendez Case? Mr. Menendez goes to trial on May 13 with two of the businessmen, Fred Daibes and Wael Hana. Fred Daibes New Jersey Real Estate Developer Mr. Daibes is accused of giving Mr. Menendez furniture, gold and cash. Nadine Menendez Mr. Menendez’s Wife Ms. Menendez served as a go-between for Mr. Menendez, Egyptian intelligence officials and men who were seeking political favors from the senator, according to the indictment. Defense LawyersAdam Fee Lawyer for Robert Menendez He previously spent five years as a prosecutor in the U.S. attorney’s office for the Southern District — the same office prosecuting Mr. Menendez.

Persons: Menendez, Robert Menendez, Nadine Menendez, Mr, Fred Daibes, Wael Hana, Menendez's, Daibes, Nadine Menendez Mr, Menendez’s, Ms, Jose Uribe, Uribe, Uribe's, Sidney H, Stein, Bill Clinton, Jennifer Shah, Hassan Nemazee, Damian Williams, Williams, President Biden, Sam Bankman, Fried, Juan Orlando Hernández, Christina Clark, Clark, Charles McGonigal, Catherine Ghosh, Eli Mark, Paul Monteleoni, Robert Hadden, Lara Pomerantz, Ghislaine Maxwell, Jeffrey Epstein, Norman Seabrook, Daniel Richenthal, Sheldon Silver, Michael Avenatti, Adam Fee, Fee, Avi Weitzman, Lawrence Lustberg Organizations: Democrat, Robert Menendez New Jersey, Senate Foreign Relations, Jersey Real, EG, Prosecutors, United, Jose Uribe Former New, Benz, U.S, Southern, of, Democratic, Attorney, Southern District of, ex, Public, New, New York City Housing Authority, Justice Department, Southern District’s, New York State Assembly, Nike . Defense, Southern District Locations: New Jersey, Manhattan, Jersey, Egypt, Qatar, United States, Jose Uribe Former New Jersey, of New York, Southern District, Southern District of New York, Russian, New York City, Brooklyn, Columbia, New York, U.S, California

☆ Why a Native American Nation Is Challenging the U.S. Over a 1794 Treaty
▼ + stars: | 2024-03-15 | by ( Grace Ashford | ) www.nytimes.com time to read: +1 min

Four or five years ago, Sidney Hill’s young son came to him with a question that Mr. Hill didn’t know how to answer. “We lost all this land,” Mr. Hill recalled his son saying. “How can that be?”In many ways, Mr. Hill was the best person to answer that question. As Tadodaho, the spiritual leader of the Onondaga Nation, he was responsible for protecting its legacy and guiding it into the future. The younger generation needed to know, he said.

Persons: Sidney Hill’s, Hill, “, ” Organizations: State, Onondaga Nation Locations: Onondaga, New York, Syracuse

A Manhattan judge refused on Thursday to dismiss bribery and other charges against Senator Robert Menendez of New Jersey on the grounds that they violate constitutional protections afforded to members of Congress. The ruling does not address other grounds that Mr. Menendez, a Democrat, has cited in asking that the charges against him, which are still pending before the judge, be dismissed. Mr. Menendez could file an appeal of the ruling, which could end up delaying his trial for months. It currently is scheduled to begin on May 6. Lawyers for Mr. Menendez had asked the judge, Sidney H. Stein of Federal District Court, to throw out the charges, arguing that overzealous prosecutors were criminalizing the normal activity of legislators and flouting the protections given to members of Congress under what is known as the Constitution’s “speech or debate” clause.

Persons: Robert Menendez, Menendez, Sidney H, Stein Organizations: Manhattan, Robert Menendez of New, Democrat, Federal, Court Locations: Robert Menendez of, Robert Menendez of New Jersey

☆ Nadine Menendez Wants Separate Trials for Herself and Her Husband
▼ + stars: | 2024-01-15 | by ( Benjamin Weiser | Tracey Tully | ) www.nytimes.com time to read: 1 min

Senator Robert Menendez, the New Jersey Democrat, and his wife, Nadine Menendez, were both charged last fall in a broad federal corruption case, in which they were accused of accepting cash and gold bribes. Now their marriage is at the center of a new dispute in the case, according to legal papers filed late Monday. Ms. Menendez is asking a Manhattan judge to sever her case from that of her husband. In her request, she said that she understood Senator Menendez might wish to testify at his trial, “and that his testimony could include revealing confidential marital communications with Ms. Menendez that Senator Menendez deems essential and material to his defense.”Ms. Menendez wants to maintain the confidentiality of her communications with her husband, her lawyers wrote to the judge, Sidney H. Stein, of Federal District Court.

Persons: Robert Menendez, Nadine Menendez, Ms, Menendez, ” Ms, Sidney H, Stein Organizations: New, New Jersey Democrat, Court Locations: New Jersey, Manhattan, Federal

☆ The future of interest rates is more surprises
▼ + stars: | 2023-11-24 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Observing these oscillating forecasts, a bystander might conclude that nobody knows anything about the future direction of interest rates. The study examined data from 19 countries back to 1870 and found only a tenuous link between the determinants of savings and investment and real interest rates. “No single factor or combination of such factors”, the authors concluded, “can consistently explain the long-term evolution of real interest rates. Indeed, if the trend persisted Schmelzing forecast that “within a generation historically implied real interest rates will have reached negative territory”. Homer and Sylla wryly observe that people assume that the interest rates they encounter are normal and are surprised by what comes next.

Persons: Claudio Borio, “, ”, Paul Schmelzing, Sidney Homer, Richard Sylla, Sylla, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, U.S, Capital Economics, Bank for International, Austrian, Reuters Graphics Reuters Graphics, Financial, Boston College, Treasury, Thomson Locations: Central, U.S . Federal, London, Japan

NEW YORK (AP) — U.S. Sen. Bob Menendez returns to court Monday to enter an expected not guilty plea to a conspiracy charge alleging that he acted as an agent of the Egyptian government even as he chaired the Senate Foreign Relations Committee. Menendez, 69, was scheduled to appear in the afternoon before Judge Sidney H. Stein at federal court in Manhattan. As a member of Congress, Menendez is prohibited from acting as an agent for a foreign government. Last week, Nadine Menendez and a businessman, Wael Hana, pleaded not guilty to the superseding indictment. Both of them were charged with conspiring with the senator to use him as an agent of the government of Egypt and its officials.

Persons: Sen, Bob Menendez, Menendez, Sidney H, Stein, Nadine Menendez, ghostwriting, Wael Hana Organizations: — U.S, Foreign Relations, Democrat, Prosecutors, Democrats, U.S, U.S . State Department Locations: Manhattan, Jersey, United States, Egypt, Cairo

NEW YORK (AP) — Four defendants in the criminal bribery case against U.S. Sen. Bob Menendez pleaded not guilty Wednesday in New York City to a revised indictment alleging that the senator, his wife and a third defendant conspired to use him as an agent of the Egyptian government. The defendants entering the pleas included his wife, Nadine Menendez, and a businessman, Wael Hana. The earlier indictment charged Menendez and his wife with participating in a bribery conspiracy by accepting bribes of cash, gold bars and a luxury car from three New Jersey businessmen who wanted the senator's help and influence over foreign affairs. The new charge against the trio alleges that they conspired to take a series of steps on behalf of Egypt, including for Egyptian military and intelligence officials, from January 2018 to June 2022. In a statement last week, Menendez said he will “show my innocence” at trial.

Persons: U.S . Sen, Bob Menendez, Nadine Menendez, Wael Hana, Hana, Menendez, Sidney H, Stein, Daniel Richenthal, Lawrence Lustberg, ” Lustberg, Richenthal, Lustberg, Prosecutors Organizations: —, U.S ., Senate Foreign, U.S Locations: New York City, Manhattan, Jersey, Egypt

☆ Top Wall Street analysts believe in the long-term potential of these stocks
▼ + stars: | 2023-10-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

In this article COSTMUINTCMETAAMZN Follow your favorite stocks CREATE FREE ACCOUNTAn Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Investors seeking a sense of direction can turn to analysts who identify companies that have lucrative long-term prospects and the ability to navigate near-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. JPMorgan analyst Doug Anmuth noted the recent sell-off in AMZN stock and highlighted certain investor concerns. Also on investors' mind is Amazon Web Services' growth, with multiple third-party data sources indicating a slowdown in September.

Persons: Sandy Huffaker, Wall, Doug Anmuth, Anmuth, TipRanks, Needham, Quinn Bolton, Bolton, Sidney Ho, Ho Organizations: MU, Reuters Investors, Investors, JPMorgan, Federal Trade, Meta, Meta Connect, Intel, Systems Business, PSG, Bolton, TipRanks, Micron Technology, Deutsche Bank, Micron, Costco Locations: Poway , California

☆ Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.
▼ + stars: | 2023-10-03 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Bank of America charted the historical path of interest rates last week. Central banks have lifted borrowing costs away from "5,000-year lows" over the past year, strategists said. AdvertisementAdvertisementJust like the men of TikTok, Bank of America strategists have been thinking a lot about the Roman Empire. For reasons unknown, the bank decided to chart five millennia's worth of interest rates in a recent research note. AdvertisementAdvertisementNeedless to say, investors can probably take the chart with a grain of salt – but the strategists probably aren't being facetious when they say there are gloomy times ahead.

Persons: —, Sidney Homer, Richard Sylla's, Michael Hartnett, Hartnett, he's Organizations: of America, Service, Bank of America, Federal, of, Street Locations: TikTok, Roman, Greece

☆ Buy Micron stock as a chip downcycle ends and stronger pricing emerges, Deutsche Bank says
▼ + stars: | 2023-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Micron could be on the verge of gaining stronger pricing power, according to Deutsche Bank. The firm upgraded Micron stock to buy from hold on Sunday, and upgraded its target price to $85 from $65. Stock in the memory and storage solutions company has soared nearly 40% from the start of 2023. MU YTD mountain Micron stock. The analyst added that a previous cautious stance on Micron underpinned by excess inventory has largely abated, and Micron is now seeing stronger demand and pricing power for chips like the HBM DDR5 line of memory chips.

Persons: Sidney Ho, Ho, — CNBC's Michael Bloom Organizations: Micron, Deutsche Bank, MU, Wall, MIcron Locations: Stock

☆ Tim Cook says he's using Apple's $3,500 Vision Pro headset daily. There are still no photos.
▼ + stars: | 2023-08-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Tim Cook wants you to know that he's using the Apple Vision Pro every single day. The Vision Pro is a major step into virtual reality, and is Apple's biggest launch since the iPhone. Tim Cook wants everyone to know he's apparently using Apple's upcoming Vision Pro headset every day, though not enough to share a selfie. A quick recap: The Apple Vision Pro is, to all intents and purposes, the company's shot at a virtual-reality headset. "There's enormous excitement around the Vision Pro," Cook insisted during the firm's quarterly earnings call Thursday.

Persons: Tim Cook, Mark Zuckerberg's, Cook, that's, We're, Sidney Ho, Alistair Barr, Apple Organizations: Apple Vision, Apple, Vision, Deutsche Bank, Apple's, Conference, VR

☆ Apple expected to post third consecutive down quarter, but its forecast is more important
▼ + stars: | 2023-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

David A. Grogan | CNBCEmerging markets and ChinaSome analysts are eager to see Apple give data points on India sales. India became one of Apple's top five iPhone markets during the quarter, according to analyst estimates. If Apple stockpiled parts and has enough to make what it needs to produce, it could help margins, analysts say. Wall Street likes to see Apple's services business grow regularly and smoothly, because the margins on services are so much higher than when Apple sells hardware. Apple suggested a 5% year-over-year increase in services, and FactSet's estimates more than $20.7 billion in revenue.

Persons: Tim Cook, Valley's Allen, David A, Cook, D.A, Davidson, Tom Forte, Piper Sandler, Harsh Kumar, Kumar, Apple, Sidney Ho, Wells, Aaron Rakers Organizations: Company, Grogan, CNBC, Apple, Google, Apple Pay, Services, Deutsche Bank, Bloomberg Locations: Sun Valley , Idaho, China, India, Hong Kong, Taiwan

☆ Analysts are getting even more bullish on Apple into its earnings report
▼ + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Two analysts raised their expectations for Apple shares, a week ahead of the technology giant's next earnings report. Deutsche Bank analyst Sidney Ho reiterated his buy rating on the Big Tech stock while raising his price target by $30 to $210. Wells Fargo analyst Aaron Rakers also upped his price target on Sunday, bringing his expected price per share to $225 from $210. The new price target from Rakers, who has an overweight rating on the stock, shows that he thinks shares could jump 17.2% over the next year. He said to expect an in-line revenue report and slight beat to expectations for earnings per share.

Persons: Sidney Ho, AAPL, Ho, Apple, Wall, Wells, Aaron Rakers, Rakers, Michael Bloom Organizations: Apple, Deutsche Bank, Big Tech

☆ Apple reportedly considers raising the price of its new iPhone Pros
▼ + stars: | 2023-07-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple is considering raising the price of its high-end iPhone Pros when new models come out this fall, according to Bloomberg. Since 2019, Apple has sold a high-end iPhone Pro that starts in the U.S. at $999 and a Max model with a bigger screen for at least $1099. Now, Apple's newest high-end models could reportedly receive a price increase that would boost Apple's overall revenue by increasing the average selling price of a new iPhone. The new iPhone models could have a USB-C charger, instead of a proprietary Lightning charger, after new European regulations passed last year. The new Pro models could come with a titanium case and thinner bezels, according to supply chain analyst Ming-Chi Kuo.

Persons: Ming, Chi Kuo, Sidney Ho Organizations: Apple, Bloomberg, Deutsche Bank Locations: Kolkata, U.S

☆ Top Wall Street analysts see solid potential in these five stocks
▼ + stars: | 2023-07-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Bachman reiterated a buy rating on Salesforce and raised his price target to $255 from $245. DellPersonal computer makers, including Dell (DELL), have been facing significant headwinds, as the demand for desktops and laptops plunged following a pandemic-driven rush. Ho raised the price target on DELL to $60 from $48 and reiterated a buy rating. In line with his bullish stance, Rakesh increased his price target for RIVN to $30 from $27 and maintained a buy rating. Rakesh raised his price target for MBLY to $48 from $43 and reiterated a buy rating on the stock.

Persons: Mike Blake, Keith Bachman, Salesforce, Bachman, Sidney Ho, Ho, Rivian, Vijay Rakesh, Rakesh, Mobileye, bode Organizations: Reuters, BMO Capital, Service, Dell, Deutsche Bank, Solutions, Gartner, DELL, Mobileye, EV, Geely Automobile, Porsche, Volkswagen Locations: San Diego , U.S, 2H23E, Israel

☆ How 'Real Housewife' Jen Shah's fabulous life came crashing down
▼ + stars: | 2023-01-06 | by ( Stephanie Clifford | ) www.businessinsider.com time to read: +43 min

The woman wrote to the judge overseeing Shah's case that she'd had to remortgage her house, almost divorced, and "thought about ending my own life." The couple decided that he should get his degree while Jen Shah dropped out of college to work. (Shah told a judge at her 2022 plea hearing that she had been treated for "alcohol and depression" two years prior. Koa Johnson, Jen Shah's former fashion designerWhen Sharrieff Shah did participate in filming, he quickly became a fan favorite, calm and sensible. Once the show aired and Jen Shah developed a fan base, her behavior became more dramatic, Johnson said.

☆ Forget next year. The tech downtrend may be in danger of leaking into 2024
▼ + stars: | 2022-12-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Weak outlook, reduced estimates, significant oversupply. Looking for an imminent bottom in global tech demand is proving very elusive, at least if you look at Micron's earnings report. "These are the most challenging conditions for the memory market since the financial crisis," Chris Caso at Credit Suisse said, after he looked over Micron's numbers. "Losses mount over significant oversupply," Joseph Moore at Morgan Stanley said. "In a rapidly deteriorating memory environment driven by inventory corrections/demand weakness across nearly every end market, pricing continues to be the biggest headwind to memory profitability/earnings," Harlan Sur at JPMorgan warned.

☆ Here's what Wall Street analysts had to say after Micron's disappointing earnings report
▼ + stars: | 2022-12-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Micron Technology reported surprisingly weak quarterly results, raising concern among Wall Street analysts. On Wall Street, many analysts say the stock remains a buy, though they expect the semiconductor name will still face challenges ahead. His $65 price target implies the stock can jump more than 26%. The analyst reiterated a hold rating, as well as a $55 price target that implies 7% upside from Wednesday's closing price. He lowered his price target to $46, down from $49, implying shares could fall another 10% from Wednesday's closing price.

☆ Deutsche Bank upgrades chipmaker Lam Research, sees a memory demand rebound in 2024
▼ + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

While 2023 will be more difficult than previously anticipated for Lam Research , 2024 should be better, Deutsche Bank said. Before the upgrade, Ho expected the stock to fall to $400. "Looking beyond the near term, memory WFE is poised to rebound in CY24, as we believe CY23 memory WFE spend is at unsustainably low levels." Another area of spending within the memory space focused on what industry insiders call "foundry" or "logic" is not expected to rebound in 2024 and decline further. But that would be favorable to Lam as its exposure is skewed toward other types of memory technology.

☆ Deutsche Bank downgrades data storage company Western Digital, cites softening demand
▼ + stars: | 2022-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to move to the sidelines on Western Digital , according to Deutsche Bank. Analyst Sidney Ho downgraded shares to hold from buy, citing weak demand ahead. The analyst also lowered her price target on the stock to $40 from $56. Western Digital is down nearly 44% this year, and about 47% off its 52-week high, as the data storage manufacturer contended with softening demand and supply chain issues. "Of particular concern to us is that WDC now expects its free cash to be negative in FY23 (ending June 2023)," Ho wrote.

☆ Here's what major analysts expect out of Apple earnings later this week
▼ + stars: | 2022-07-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Apple is set to report earnings Thursday, and some analysts covering the company expect the tech giant to show further proof of why it remains a "good hiding place" in this volatile market. But while the Mac producer grappled with a slowing economy and major supplier shutdowns in the previous quarter , analysts believe that Apple remains a safe-haven behemoth well-positioned to perform better than its peers. While trouble may lie ahead for Apple, Chatterjee expects the downside — and risks to estimates —to "be fairly limited." That said, the company remains a high-quality name to buy on any pullback in its stock, according to Huberty. And, despite a bullish longer-term outlook on Apple compared to its competitors, many analysts expect a cautious outlook from the technology company — if provided — ahead.

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