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☆ Hunter Biden tells court he plans to plead not guilty to gun charges
▼ + stars: | 2023-09-19 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden’s son, Hunter Biden, plans to plead not guilty to federal gun charges, he said in a court filing Tuesday. He is also asking for his initial court appearance to be held remotely. In a letter to Magistrate Judge Christopher Burke, attorney Abbe Lowell said Hunter Biden will plead not guilty to the three felony gun charges relating his possession of a revolver in 2018 whether the appearance is held over video or in person. Hunter Biden was previously fingerprinted and had his mug shot taken when he was in court in July when his plea deal collapsed. Because it was in federal court, the photo was not made public.

Persons: Joe Biden’s, Hunter Biden, Christopher Burke, Abbe Lowell, Mr, Biden, ” Lowell, “ Mr, “, ” Hunter Biden, Hunter Organizations: CNN, Prosecutors, Secret Locations: Wilmington , Delaware

☆ Hunter Biden sues IRS over tax information disclosures
▼ + stars: | 2023-09-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, July 26, 2023. Hunter Biden filed a lawsuit Monday accusing IRS agents of "repeatedly and intentionally" publicly sharing his private tax return information while they criminally investigate him. Those agents "have targeted and sought to embarrass Mr. Biden" by disclosing confidential information about his private tax matters to the media, the president's son alleged in the civil suit in federal court in Washington, D.C.Biden wants a court to declare that the IRS unlawfully revealed his tax information and award him $1,000 in damages for each unauthorized disclosure. The lawsuit comes days after Biden, 53, was indicted on three criminal counts related to his possession of a handgun. Less than two months earlier, Biden had neared a plea deal with prosecutors on misdemeanor charges that he failed to pay federal taxes on more than $1.5 million annually in 2017 and 2018.

Persons: Hunter Biden, Joe Biden, Mr, Biden Organizations: Washington , D.C Locations: Wilmington , Delaware, Washington ,

(AP) — President Joe Biden's national security adviser met with China's foreign minister over the past two days on the Mediterranean island nation of Malta in an effort that the White House said Sunday was intended to “responsibly maintain the relationship” at a time of strained ties and mutual suspicion between the rival powers. The Biden administration shot down what was described as a Chinese spy balloon earlier this year. And after Chinese President Xi Jinping centralized his power, the Chinese economy has not rebounded as expected after ending its pandemic lockdowns. The White House said Sullivan and Wang discussed the relationship between the two countries, global and regional security issues, Russia's war in Ukraine and the Taiwan Strait. They talked about the Mediterranean region's role in helping to provide “global peace and security,” according to a statement by the Maltese government.

Persons: Joe Biden's, Jake Sullivan, Wang Yi, Joe Biden, Premier Li Qiang, ” Biden, Biden, “ It’s, ”, Gina Raimondo, Xi Jinping, Sullivan, Wang, Robert Abela, ___ Madhani Organizations: White, Premier, Group Locations: WILMINGTON, Del, Malta, Washington, Beijing, India, Japan, South Korea, Vietnam, Hanoi, China, U.S, Ukraine, Taiwan Strait, United States, People’s Republic of China, Maltese

☆ How a Lawsuit in N.J. Could Bring Aid in Dying to Millions
▼ + stars: | 2023-09-16 | by ( Paula Span | ) www.nytimes.com time to read: +1 min

Judy Govatos has heard that magical phrase “you’re in remission” twice, in 2015 and again in 2019. Ms. Govatos, 79, a retired executive at nonprofit organizations who lives in Wilmington, Del., has been grateful for the extra years. She has been able to take and teach lifelong learning courses, to work in her garden, to visit London and Cape Cod with friends. “If that means less time alive, that’s OK.” When her months dwindle, she wants medical aid in dying. After a series of requests and consultations, a doctor would prescribe a lethal dose of a medication that she would take on her own.

Persons: Judy Govatos, ”, Govatos, “ Locations: Wilmington, Del, London, Cape Cod

☆ Bankrupt trucking company Yellow eyes October sale of vehicle fleet
▼ + stars: | 2023-09-15 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

The freight shipping company, which went bankrupt in August after a protracted labor dispute, owns approximately 12,000 trucks and 35,000 trailers, according to its bankruptcy court filings. Yellow intends to conduct an auction for the vehicles by Oct 18 and seek court approval for the vehicle sale on Oct. 27. The company is taking a longer time to sell its real estate assets, despite having a $1.525 billion offer in hand from rival shipping company Estes Express Lines. Yellow has set a Nov. 9 bid deadline and expects to seek court approval for a real estate sale in December. A longer sale process will allow more competition for Yellow's 300 shipping terminals and other real estate assets, which have already generated significant interest from buyers.

Persons: Allyson Smith, Craig Goldblatt, Smith, Estes, Donald Trump's, Goldblatt, Dietrich Knauth, Alexia Garamfalvi, Nick Zieminski Organizations: Yellow Corp, U.S, Express, Old Dominion Freight, U.S . Treasury, MFN Partners, International Brotherhood of Teamsters, Thomson Locations: Wilmington , Delaware, Yellow's, Nashville , Tennessee

☆ The Gun Charges Against Hunter Biden Are Unusual. Here’s Why.
▼ + stars: | 2023-09-15 | by ( Glenn Thrush | More About Glenn Thrush | ) www.nytimes.com time to read: +1 min

On the face of it, Hunter Biden appears at risk of being sentenced to as long as 25 years in prison and $750,000 in fines if he is convicted on the three gun charges brought against him by federal prosecutors on Thursday. In reality, few people fitting Mr. Biden’s profile — a first-time, nonviolent offender accused of lying on a federal firearms application, who never used the gun (in his case, a Colt Cobra .38 that he held onto for less than two weeks five years ago) to commit a crime — get serious prison time for the offenses charged in the indictment. Just bringing the charges is out of the ordinary in some ways, former law enforcement officials say, and the legal basis of the prosecution is under constitutional challenge. Here’s a rundown of the accusations against President Biden’s son and what makes the case unusual. What are the charges?

Persons: Hunter Biden, —, Biden’s, Mr, Biden Locations: Wilmington, Del

☆ We're going to see a challenging market for the 60/40 portfolio coming up: Unlimited's Bob Elliott
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going to see a challenging market for the 60/40 portfolio coming up: Unlimited's Bob ElliottMeghan Shue, Wilmington Trust EVP and Bob Elliott, Unlimited Funds CIO, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Bob Elliott Meghan Shue, Bob Elliott Organizations: Wilmington Trust Locations: Wilmington

(Hunter Biden possessed the gun for about 11 days in 2018.) Lowell on Thursday said the earlier deal means the gun charges should not be allowed. In addition to the gun case, Weiss is still weighing whether to charge Hunter Biden with tax crimes. Count Two accuses Hunter Biden of lying to the federally licensed gun dealer in Wilmington where he bought the gun. Count Three accuses Hunter Biden of illegally possessing the gun while using drugs or being addicted to drugs, which is a federal crime.

Persons: Joe Biden’s, Hunter Biden, David Weiss, It’s, Weiss, Hunter, Abbe Lowell, ” Lowell, MAGA Republicans ’, Hunter Biden “, Lowell, Biden, General Merrick Garland, –, ”, Count, Three, “, Jerry Smith, Ronald Reagan Organizations: CNN, Justice Department, Republicans, MAGA Republicans, Delaware, Prosecutors, Mr, 5th Circuit Locations: California, Washington, Delaware, Wilmington, New Orleans, Louisiana, Mississippi, Texas

The indictment comes weeks after the collapse of a plea deal that would have averted a criminal trial and distracting headlines for President Joe Biden. Trump's include federal indictments over the handling of classified documents and efforts to overturn his 2020 election loss to Joe Biden. Trump also pointed to the lack of connection to Joe Biden in the gun charge plea agreement. Federal prosecutors investigating Hunter Biden have not indicated Joe Biden is connected over the course of their yearslong probe. Two FBI agents who worked on the Hunter Biden case testified separately behind closed doors this week to lawmakers about allegations of political interference in the case.

Persons: — Hunter Biden, Biden, Joe Biden, doesn't, Hunter, He's, Donald Trump’s, Hunter Biden, James Comer, Trump, David Weiss, ”, Weiss, Abbe Lowell, “, Republicans ’, Lowell, Hunter Biden's, Christopher Clark, Adam Winkler, Thomas Sobocinski, Farnoush Amiri Organizations: WASHINGTON, Democratic, Republicans, ”, Republican, Delaware U.S, Prosecutors, ., University of California, Los Angeles School of Law, Supreme, Circuit, Congressional Republicans, FBI, Baltimore Field Office, Justice Department, Associated Press Locations: Delaware, Washington, California, Wilmington , Delaware

Hunter Biden walks to the motorcade after arriving at Fort McNair, after U.S. President Joe Biden spent the weekend at Camp David, in Washington, U.S., July 4, 2023. The move comes two days after House of Representatives Republicans opened an impeachment inquiry of Joe Biden related to Hunter Biden's foreign business dealings. SPECIAL COUNSEL STATUSWeiss was elevated to special counsel status in August after investigating Hunter Biden's business dealings for years as the U.S. attorney in the Democratic president's home state of Delaware. Hunter Biden has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden described in a 2021 memoir dealing with substance abuse issues in his life including crack cocaine use and alcoholism.

Persons: Hunter Biden, Joe Biden, Julia Nikhinson, Joe Biden's, Donald Trump, David Weiss, Biden, Weiss, Hunter, Abbe Lowell, Lowell, Trump, James Comer, Barack Obama, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Sarah N, Lynch, Jarrett Renshaw, Andrew Goudsward, Tom Hals, Nate Raymond, Scott Malone, Lisa Shumaker, Alistair Bell, Daniel Wallis Organizations: Fort McNair, U.S, Camp, REUTERS, Rights, Republican, of Columbia, District of California, Prosecutors, Republicans, MAGA Republicans, Supreme, Democratic, Trump, DOJ, Justice, U.S . Navy, University of Tennessee, Thomson Locations: Fort, Washington , U.S, U.S, Delaware, Los Angeles, District, Ukraine, China, Ukrainian, Washington, Wilmington , Delaware, Boston

☆ FTX gets court approval to sell crypto assets
▼ + stars: | 2023-09-13 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

During the hearing, Dorsey overruled concerns raised by two FTX customers who said FTX sales could cause crypto prices to crash and that FTX may not own all of the crypto that it holds in its accounts. FTX said in court filings it was keenly aware of the risk that its effort to liquidate coins could move crypto markets. But keeping its current crypto portfolio intact also carries risks, potentially locking FTX into holding certain assets as their prices decline, according to FTX’s court papers. FTX filed for bankruptcy in November 2022 in the wake of claims that it misused and lost billions of dollars worth of customers' crypto deposits. FTX founder Sam Bankman-Fried has pleaded not guilty to charges that he defrauded FTX customers by using their funds to prop up his own risky investments.

Persons: FTX, John Dorsey, Dorsey, Sam Bankman, Fried, Dietrich Knauth, Alexia Garamfalvi, David Gregorio Our Organizations: Galaxy, Thomson Locations: Wilmington , Delaware, cryptocurrency, U.S, cryptocurrencies, Solana, bitcoin, FTX

PHILADELPHIA (AP) — A Delaware man has been sentenced to 7 1/2 years in federal prison in the carjacking of a U.S. congresswoman's sport utility vehicle in a Philadelphia park almost two years ago. Josiah Brown, 21, was sentenced Wednesday in federal court in Philadelphia, The Philadelphia Inquirer reported. Brown, then 19, said he didn’t know who the congresswoman was and his weapon was unloaded. He also didn't know that the vehicle had a tracker that quickly led authorities to his Wilmington home. Brown was charged with federal counts of carjacking and brandishing a gun during a violent crime, which carries a seven-year mandatory minimum term.

Persons: Josiah Brown, Mary Gay Scanlon, Brown, didn’t, —, Scanlon, Carjackings, ” Scanlon, ”, “, Rossman Thompson, Cynthia Rufe Organizations: PHILADELPHIA, Philadelphia Inquirer, U.S . Rep, Democrat, Christiana Fashion, Inquirer, Authorities Locations: U.S, Philadelphia, Wilmington, Christiana, Newark , Delaware, Delaware

The logo of Universal Entertainment Corp. is seen at the company's headquarters in Tokyo, Japan, June 29, 2017. REUTERS/Toru Hanai/file photo Acquire Licensing RightsWILMINGTON, Del., Sept 7 (Reuters) - A Delaware judge ruled on Thursday that an affiliate of Japan's Universal Entertainment Corp (6425.T) does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp that related to the largest casino in the Philippines. Vice Chancellor Travis Laster said the Universal Entertainment affiliate did not have to complete the 2021 merger agreement in part because 26 Capital Acquisition "engaged in conduct that should not be rewarded" by ordering the deal to close. Laster said 26 Capital could still seek damages, which he would address at a later date. Reporting by Tom Hals in Wilmington, Delaware; additional reporting by Jonathan Stempel; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Toru Hanai, Chancellor Travis Laster, Laster, Tom Hals, Jonathan Stempel, Leslie Adler Organizations: Universal Entertainment Corp, REUTERS, Rights, Japan's Universal Entertainment Corp, Corp, Universal Entertainment, Thomson Locations: Tokyo, Japan, Rights WILMINGTON, Del, Delaware, Philippines, Wilmington , Delaware

☆ Justice Dept. Says It Will Indict Hunter Biden on Gun Charge This Month
▼ + stars: | 2023-09-06 | by ( Glenn Thrush | More About Glenn Thrush | ) www.nytimes.com time to read: +1 min

David C. Weiss, the special counsel investigating Hunter Biden, said on Wednesday that he planned to indict the president’s son on a gun charge before the end of the month — a move prompted by the acrimonious collapse of a plea deal in July. In a three-page update filed in federal court in Wilmington, Del., Mr. Weiss laid out plans to bring charges related to Mr. Biden’s purchase of a pistol in 2018, when prosecutors say he lied on a federal form by stating that he was not using drugs at the time. Mr. Biden had previously agreed to participate in a two-year diversion program for nonviolent gun offenders as part of the plea deal, which unraveled dramatically at the last minute this summer. Mr. Biden’s lawyer, Abbe Lowell, signaled in a statement that he would challenge any effort to proceed with a trial, arguing that the original agreement reached over the summer “remains valid and prevents any additional charges from being filed.”The government’s filing, while expected, adds an additional and volatile element to an already packed calendar of criminal cases coinciding — and colliding — with the 2024 presidential race. It piles on a possible federal trial of President Biden’s son to former President Donald J. Trump’s two federal and two state criminal cases.

Persons: David C, Weiss, Hunter Biden, Biden, Biden’s, Abbe Lowell, Donald J Locations: Wilmington, Del

☆ Prosecutors will seek Hunter Biden indictment on gun charge before Sept. 29
▼ + stars: | 2023-09-06 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

The gun charge that Weiss indicates he will seek from a grand jury prohibits people who are users of illicit drugs from possessing a firearm. Federal prosecutors plan to ask a grand jury to indict Hunter Biden , the son of President Joe Biden , on gun-related charge before Sept. 29, they revealed in a court filing Wednesday. But Hunter Biden has been under criminal investigation by the U.S. Attorney's Office in Delaware, which Weiss leads, since 2018. Shortly afterward, Weiss said Hunter Biden would likely face trial in either California or Washington, D.C., for the tax crimes. Weiss's office has said the gun agreement is now off the table, and that it is not valid because it was not signed by the U.S.

Persons: Hunter Biden, Joe Biden, Patrick Daniels Jr, Weiss, Abbe Lowell, Hunter, David Weiss, —, Lowell, Biden, Donald Trump, Trump, Judge Maryellen Noreika, Noreika, Department of Justice —, Merrick Garland, Garland, Hunter's Organizations: U.S, Circuit, Appeals, Government, Mr, NBC News, Attorney's, Republican, Department of Justice, Trump, DOJ, D.C, Probation Locations: Wilmington , Delaware, York, Mississippi, U.S, Delaware, China, Ukraine, noncompliance, California, Washington

☆ US prosecutors to seek Hunter Biden indictment by Sept. 29
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Sept 6 (Reuters) - U.S. prosecutors said in a court filing on Wednesday they will seek an indictment of President Joe Biden's son, Hunter, by Sept. 29 in his tax and firearms case. "The government intends to seek the return of an indictment in this case before that date," Weiss wrote in a status report to U.S. District Judge Maryellen Noreika. In July, Noreika rejected a proposed plea deal that would have resolved the tax and gun charges, raising concerns over its legality and the scope of immunity it offered Hunter Biden. Republicans in Congress have raised the possibility of impeaching President Biden over his son's business dealings and accuse the Department of Justice of giving him a "sweetheart deal."

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, Hunter, David Weiss, General Merrick Garland, Weiss, Maryellen Noreika, Noreika, Hunter Biden's, Abbe Lowell, Biden, Lowell, ”, Garland, Donald Trump, Trump, Kanishka Singh, Eric Beech, Tom Hals, Jeff Mason, Rami Ayyub, David Gregorio Our Organizations: REUTERS, Rights, U.S, District, Mr, Congress, of Justice, Attorney, District of, Republican, Thomson Locations: Wilmington , Delaware, U.S, District of Delaware

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. The Commerce Department report showed the Personal Consumption Expenditures (PCE) price index, considered to be the Fed's preferred inflation gauge, climbed 3.3% in July on an annual basis, meeting expectations of a 3.3% rise. Excluding volatile food and energy components, the core PCE price index rose 4.2% in July, year-on-year, also in line with estimates. Investors are now awaiting the more comprehensive non-farm payrolls data due on Friday for more clarity on the Fed's likely monetary path. Dismal manufacturing data from China sent U.S.-listed shares of Chinese companies JD.com and Baidu down 3.1% and 1.8%, respectively.

Persons: Brendan McDermid, we've, Tony Roth, Shristi Achar, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Commerce Department, Traders, Wilmington Trust, Dow Jones, Baidu, NYSE, Thomson Locations: New York City, U.S, Wilmington, payrolls, China, Bengaluru

☆ Biden Makes Lower Drug Prices a Centerpiece of His 2024 Campaign
▼ + stars: | 2023-08-30 | by ( Michael D. Shear | More About Michael D. Shear | ) www.nytimes.com time to read: +1 min

As he heads toward a re-election campaign next year, President Biden is betting that his success in pushing for policies intended to lower health care costs for millions of Americans will be rewarded by voters at the ballot box. In speech after speech, Mr. Biden talks about capping the cost of insulin at $35, putting new limits on medical expenses for seniors, making some vaccines free and pushing to lower the prices of some of the most expensive drugs in the world. At the White House, Mr. Biden and his advisers have already begun to elevate the issue as a centerpiece of his agenda. And at his campaign headquarters in Wilmington, Del., aides are preparing television ads, talking points and speeches arguing that Mr. Biden’s push for lower health care costs is a stark contrast with his Republican opponents. “The president will have a very strong case to make,” said Senator Amy Klobuchar of Minnesota, a member of the president’s national campaign advisory board.

Persons: Biden, Biden’s, “, ”, Amy Klobuchar Organizations: White, Republican Locations: Wilmington, Del, Minnesota

State law would still apply if the case is moved to federal court. The federal officer removal law protects people from state prosecution for carrying out official federal duties. It says that if a person were carrying out duties placed on them by federal law, they cannot be prosecuted for committing a state crime. Legal experts said Jones could allow the case to proceed in federal court and address immunity at a later hearing. If he determines immunity did not apply to the accused actions, the jury trial would take place in federal court, with the broader jury pool.

Persons: Mark Meadows, Al Drago, Donald Trump, Trump's, Meadows, firebrand Marjorie Taylor Greene, Joe Biden, —, Jeffrey Clark, Trump, Eric Segall, Fani Willis, Willis, Georgia's, Alvin Hellerstein, Steve Jones, Josh Blackman, Jones, Tom Hals, Noeleen Walder, Amy Stevens, Stephen Coates Organizations: White, REUTERS, Fulton County Superior Court, Trump, Department of Justice, Republican, Northern District of, Georgia State College of Law, Miami . Fulton, Prosecutors, U.S, U.S . Constitution, Circuit, Appeals, District, South Texas College of Law, Thomson Locations: Washington , U.S, Fulton County, Meadows, Shafer, Northern District, Northern District of Georgia, New York, Washington, Miami ., Miami . Fulton County, Georgia, United States, U.S ., Manhattan's, Atlanta, Wilmington , Delaware

☆ Biden spent August trying to escape Washington. But fall realities await him
▼ + stars: | 2023-08-27 | by ( Kevin Liptak | ) edition.cnn.com time to read: +7 min

Heading home from Lake Tahoe on Saturday, President Joe Biden exchanged a week of waterfront seclusion for the more workaday realities of running the country from Washington. Like many presidents, Biden spent a good portion of August away from the White House, trading the capital’s stifling heat for the beach or the mountains. Of the first 26 days in August, Biden spent only one day entirely at the White House. He also held events at the White House marking his legislative accomplishments. The White House did detail some of the presidential tasks Biden undertook.

Persons: Sunshine, Joe Biden, Biden, ” Biden, Jill Biden, Hunter, Ashley, Jake Sullivan, Volodymyr Zelensky, Tom Steyer, Donald Trump, Barack Obama, Biden couldn’t, Jim Watson, Vladimir Putin, Yevgeny Prigozhin, “, Putin, ”, “ I’ve, Evan Vucci, Trump, Hunter –, wasn’t, Obama Organizations: White House, White, Camp David, Democratic, Secret Service, Wagner Group, Ukraine Locations: Lake Tahoe, Washington, Maui, West Coast, Russian, Ukraine, Jacksonville , Florida, Hawaii, Camp, Delaware, Wilmington, Rehoboth Beach, Tahoe, Glenbrook, New Jersey, Rehoboth Beach , Delaware, AFP, United States, Russia, South Lake Tahoe , California, Fulton County

☆ Analysis: Trump allies' push to move Georgia subversion trial could mean delays
▼ + stars: | 2023-08-25 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com time to read: +6 min

No defendants have entered a plea in the Georgia case. The federal officer removal law protects people from state prosecution for carrying out official federal duties. Legal experts said the accused acts in the Georgia case are more plausibly related to official duties than the hush money payments in the New York case. Legal experts said Jones could allow the case to proceed in federal court and address immunity at a later hearing. If he determines immunity did not apply to the accused actions, the jury trial would take place in federal court, with the broader jury pool.

Persons: Donald Trump, Ray Smith, Rudy Giuliani, Jenna Ellis, Sidney Powell, Cathy Latham, Trump's, Mark Meadows, Meadows, firebrand Marjorie Taylor Greene, Joe Biden, Jeffrey Clark, David Shafer, Trump, Eric Segall, Fani Willis, Willis, Georgia's, Alvin Hellerstein, Steve Jones, Josh Blackman, Jones, Tom Hals, Noeleen Walder, Amy Stevens, Stephen Coates Organizations: Trump, Georgia Republican, Fulton County Superior Court, of Justice, Republican, Northern District of, Georgia State College of Law, Miami . Fulton, Prosecutors, U.S, U.S . Constitution, Circuit, Appeals, District, South Texas College of Law, Thomson Locations: Georgia, Fulton County, Meadows, Shafer, Northern District, Northern District of Georgia, New York, Washington, Miami ., Miami . Fulton County, United States, U.S ., Manhattan's, Atlanta, Wilmington , Delaware

☆ Watch CNBC's full interview with Meghan Shue and David Zervos
▼ + stars: | 2023-08-25 | 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 EmailWatch CNBC's full interview with Meghan Shue and David ZervosMeghan Shue, Wilmington Trust head of investment strategy, David Zervos, Jefferies chief market strategist and CNBC's Steve Liesman join 'Closing Bell Overtime' with the latest reaction to the Fed comments out of Jackson Hole today, the market's response and more.

Persons: Meghan Shue, David Zervos Meghan Shue, David Zervos, Steve Liesman, Jackson Organizations: Wilmington Trust, Jefferies Locations: Wilmington

☆ Fed Chair Powell won't declare victory on inflation anytime soon, says Jefferies' David Zervos
▼ + stars: | 2023-08-25 | 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 EmailFed Chair Powell won't declare victory on inflation anytime soon, says Jefferies' David ZervosMeghan Shue, Wilmington Trust head of investment strategy, David Zervos, Jefferies chief market strategist and CNBC's Steve Liesman join 'Closing Bell Overtime' with the latest reaction to the Fed comments out of Jackson Hole today, the market's response and more.

Persons: Powell, Jefferies, David Zervos Meghan Shue, David Zervos, Steve Liesman, Jackson Organizations: Wilmington Trust, Jefferies Locations: Wilmington

☆ Bankrupt crypto exchange FTX picks Galaxy to manage its digital assets
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

FTX logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 24 (Reuters) - Bankrupt crypto exchange FTX has hired U.S. crypto firm Galaxy as an advisor to help hedge and sell its crypto holdings, according to court filings made late on Wednesday. Hedging of bitcoin and ether will provide a means to lessen FTX's exposure to adverse price movements before their sale, the filing said. Galaxy, owned by billionaire investor Mike Novogratz, will also help "stake" FTX's crypto, a process where crypto is lent to validate blockchain transactions, earning interest in the process. FTX filed for bankruptcy in November 2022 in the wake of claims that the company misused and lost billions of dollars worth of customers' crypto deposits.

Persons: Dado Ruvic, FTX, Mike Novogratz, Brian Glueckstein, Shivani Tanna, Janane Organizations: REUTERS, Galaxy, Asset Management, Thomson Locations: Wilmington , Delaware, Bengaluru

☆ Trucking firm Estes Express submits $1.3 billion bid for Yellow's shipment centers
▼ + stars: | 2023-08-17 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico in San Diego, California, U.S., August 7, 2023 after the company filed for bankruptcy protection. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Aug 17 (Reuters) - Trucking firm Estes Express has submitted a $1.3 billion bid to acquire bankrupt Yellow Corp's shipment centers, attorneys said on Thursday at a U.S. bankruptcy court hearing. Yellow's attorney Allyson Smith said the Estes proposal was received while Yellow was negotiating several offers for bankruptcy financing. Apollo initially offered to fund Yellow's bankruptcy with a $142.5 million loan, but instead bowed out after Yellow received competing offers with lower fees and interest rates. The union, which represents about 22,000 Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy.

Persons: Mike Blake, Allyson Smith, Estes, Smith, Craig Goldblatt, Yellow, Judge Goldblatt, Dietrich Knauth, Chris Reese, Cynthia Osterman, Alexia Garamfalvi, Jonathan Oatis Organizations: U.S, Trucking, Express, Citadel, MFN Partners, U.S . Treasury Department, Apollo Global Management, Apollo, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

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