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☆ As litigation flares against Michael Shvo's property empire, his German backers feel the heat
▼ + stars: | 2024-07-29 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Advertisement"For no reason, I felt targeted in a very toxic and vulgar way," Goodman previously told Business Insider. In a previous response to Business Insider, Shvo said he had no recollection of that call. The Goodmans also named the Mandarin Oriental hotel brand as a defendant, stating that 685 Fifth Avenue's "service standards are severely lacking and in no way Mandarin Oriental caliber." A spokeswoman for Mandarin Oriental did not immediately respond to a request for comment.

Persons: —, Michael Shvo, Shvo's, Shvo, Shvo –, John Goodman, Diane, Belinda Burgmeier, Burgmeier, Goodman, Jennie Enterprise, Enterprise, Serdar, Bilgili, BVK, Rainer Komenda Organizations: Service, Business, Universal Investment, Deutsche Finance, Core, Shvo, BVK, Core Club, Bilgili, San Locations: Manhattan, New York, Munich, San Francisco, Milan, Italy, Turkish, BVK, Wabash, Chicago, Shvo, Raleigh, Los Angeles

☆ Francine Pascal, Creator of ‘Sweet Valley High’ Book Series, Dies at 92
▼ + stars: | 2024-07-29 | by ( Clay Risen | ) www.nytimes.com time to read: +1 min

Francine Pascal, a former soap-opera scriptwriter from Queens who conjured up an entire literary universe among the blue-eyed cheerleaders and square-jawed jocks of suburban Los Angeles, most notably in her long-running and mega-best-selling “Sweet Valley High” series of young-adult novels, died on Sunday in Manhattan. Her daughter Laurie Wenk-Pascal said the death, at NewYork-Presbyterian Hospital, was caused by lymphoma. With covers instantly recognizable by their varsity-style lettering and soft-focus illustrations, “Sweet Valley High” books enraptured a generation of teenage readers with the lives of Elizabeth and Jessica Wakefield, identical twins attending high school in the fictional Los Angeles suburb of Sweet Valley. The twins are “the most adorable, dazzling 16-year-old girls imaginable,” Ms. Pascal told People magazine in 1988. They, and the books, are also strikingly innocent: Even as the thoughtful Elizabeth and the scheming Jessica clash over boys, friends and spots on the cheerleading team, drugs, alcohol and sex barely permeate the 181 titles in “Sweet Valley High,” or the scores of others in the spinoffs — and the spinoffs of spinoffs — from the series.

Persons: Francine Pascal, Laurie Wenk, Pascal, Elizabeth, Jessica Wakefield, Ms, Jessica Organizations: Presbyterian Hospital Locations: Los Angeles, Sweet, Manhattan, NewYork, Sweet Valley

☆ Museums closed Native American exhibits 6 months ago. Tribes are still waiting to get items back
▼ + stars: | 2024-07-29 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

NEW YORK AP —Tucked within the expansive Native American halls of the American Museum of Natural History is a diminutive wooden doll that holds a sacred place among the tribes whose territories once included Manhattan. The doll, also called Nahneetis, is just one of some 1,800 items museum officials say they’re reviewing as they work to comply with the requirements while also eyeing a broader overhaul of the more than half-century-old exhibits. We need them close.”Sean Decatur, the New York museum’s president, promised tribes will hear from officials soon. The American Museum of Natural History, he noted, is one of New York’s major tourism draws and also a mainstay for generations of area students learning about the region’s tribes. He suggests museums use replicas made by Native peoples so that sensitive cultural items aren’t physically on display.

Persons: ”, Joe Baker, ” Sean Decatur, Lance Gumbs, ” Gumbs, “ There’s, ” Gordon Yellowman, ” Yellowman, “, Bridgette Russell, Todd Mesek, Nicole Rura, Chuck Hoskin, Baker, ” Baker Organizations: American Museum of, American, Protection, Lenape, York, Eastern, Northwest Coast Hall, Cheyenne, Arapaho Tribes, New, Field, Repatriation, Cleveland Museum, Harvard, Peabody Museum’s, Cherokee Nation, Peabody, Cherokees, Delaware Nation Locations: Manhattan, Delaware, Eastern Woodlands, Great, Decatur, New, Oklahoma, New York, Nebraska, Chicago, America, Ohio, Alaska, American, “, Ontario

☆ This biographer exchanged emails with Bernie Madoff from prison for a decade. Here’s what he learned
▼ + stars: | 2024-07-28 | by ( Annie Nova | ) www.cnbc.com time to read: +10 min

Richard Behar Courtesy: Lizzie CohenYou probably haven't heard Bernie Madoff's name in awhile, but that doesn't mean the infamous fraudster's story is over, or the pain he inflicted. Irving Picard, an 83-old court-appointed trustee, still spends his days trying to claw back money from the those who benefitted from Madoff's Ponzi scheme, and to reduce the staggering losses of others. 'Prison was a great relief for him'AN: How did Madoff say life in prison changed him? In prison, he'd typically wake up in his cell at around 4 a.m., make coffee in bed with an instant hot water machine, then read, or listen to NPR until breakfast. RB: Bernie said he was under constant stress over the Ponzi, and would talk out loud to himself sometimes in the office, because of the pressure.

Persons: Richard Behar, Lizzie Cohen, Bernie Madoff's, Irving Picard, Madoff, Elie Wiesel, Ruth, he's, Behar, Richard Behar's, Mark, MADOFF, BERNARD L, he'd, Annie Nova, I've, I'm, scammers, —, Bernard Madoff, Stephen Chernin, I'd, Bernie, Chris Hondros, wasn't, Picard, John Moscow, Irving, Picard isn't, It's Organizations: CNBC, Behar's, Forbes, Manhattan Federal, Getty, NPR, SEC, Manhattan Locations: North Carolina, New York City

☆ 33-year-old commutes from New York City to the Hamptons every summer to nanny: ‘The best job I’ve ever had’
▼ + stars: | 2024-07-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Swanson has been working as a live-in nanny in the Hamptons since 2020. On July 1, the 33-year-old posted a 90-second clip on her account @meredithgswanson walking people through a day in her life as a nanny in the Hamptons. "I was stunned," says Swanson, who started vlogging about nannying in the Hamptons over a year ago. Every family she's worked with in the Hamptons has loaned her a car for the summer, which is how she commutes. Care.com puts the average rate for a live-in nanny in East Hampton at $26.33 an hour.

Persons: Swanson, Meredith Swanson, nannying, I've, she's, Summers Organizations: Hamptons, Broadway Locations: New York City, Manhattan, nannying, nannied, East Hampton

☆ Trump will no longer send out his statements of worth
▼ + stars: | 2024-07-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

"Based on discussions with the Trump Organization, my understanding is that the Trump Organization does not intend to develop any estimations of value for any entity, the Trump Organization as a whole, or the guarantors' collateral," Jones wrote. Donald Trump no longer intends to calculate his own net worth for financial statements, this excerpt from a new report reveals. He has issued these net-worth statements — 20- to 30-page balance sheets formally called Statements of Financial Condition — since at least 2004. The firm declared the whole previous decade's worth of net-worth statements unreliable in 2022, saying it would stop preparing them. New York attorney general's officeThroughout the decade's worth of net-worth statements, Trump ignored generally accepted accounting principles, the AG and judge found.

Persons: —, Letitia James, Donald Trump, Trump, Barbara Jones, Jones, Arthur Engoron, James, Donald Trump's, Forbes, it's, Engoron, James ' Organizations: Service, New York, Business, Trump Organization, Trump, Forbes, Buffalo Bills, Deutsche Bank, Mazars, Post Locations: Washington ,, Mazars USA, Miami, Chicago, Manhattan, . New York, New York

☆ I got my master's degree and have 5 freelance gigs, but I still can't make ends meet. I rely on my parents for financial support.
▼ + stars: | 2024-07-27 | by ( Averee Nelson | ) www.businessinsider.com time to read: +4 min

But I was shocked when I was met with judgment for still being on my dad's phone plan. Each sales associate jokingly asked if I was on my family's phone plan, and I sheepishly admitted I was. So, they're happy to help me by letting me stay on the family phone plan and sharing their streaming services with me. Related storiesMany of my friends moved back in with their parents after college to save money, and I've debated doing the same thing. I'm grateful that my family is so supportive, and just knowing that makes me work harder to meet my goals.

Persons: I've, sheepishly, we'd, It's, I'm, it's Organizations: Service, Columbia Journalism School, Pew Research Locations: New York, Manhattan

☆ You See Rubble and Garbage. She Sees New York’s Next Great Park.
▼ + stars: | 2024-07-27 | by ( John Leland | ) www.nytimes.com time to read: +1 min

The area under the Brooklyn Bridge in Lower Manhattan is a forbidding swath of rubble and construction equipment, cut off from the sky by six lanes of clattering bridge traffic. To most of the world, it communicates a single message: keep out. To Rosa Chang, it conveyed something different: New York City’s next great park. She wore a bright red dress and high-wedge sneakers and the beatific smile of a true believer. “I see children playing, I see trees, I see old people sitting down talking to each other.

Persons: Rosa Chang, City’s, Chang peered, ”, “ Locations: Brooklyn, Lower Manhattan

☆ Sober bars find their footing as mocktails and alcohol free drinks rise in popularity
▼ + stars: | 2024-07-27 | by ( Scottie Andrew | ) edition.cnn.com time to read: +13 min

He and other sober bar impresarios believe bars should be community hubs where you can have fun without imbibing anything alcoholic. Sober bars are social hubs without alcoholA sober bar usually looks and feels like any other. In 2022, Nielsen IQ reported that 82% of people who buy non-alcoholic drinks are still buying beverages that contain alcohol. Sober bar customers aren’t always soberMarshall, who has been sober for 17 years and is also a substance use counselor, built Sans Bar for people in recovery. Sober bars are still risky businessOpening any brick-and-mortar business is a gamble, but sober bars face considerable challenges in staying open, said Marshall, who advises prospective sober bar owners.

Persons: Chris Marshall, ”, Marshall, Burnet, ” Marshall, Abby Ehmann, Michael M, Ehmann isn’t, “, Ehmann, It’s, ” Ehmann, she’s, Lux Heljardóttir, Dylan Kapit, ” Kapit, they’re, Ruby Warrington, “ We’re, Ian Blessing, isn’t, ” Mata, Leah Wright, Mata, Wright’s, aren’t, ‘, ’, ” Warrington, Lucky Organizations: CNN, Bar, Food, Getty, Pabst, “, Gallup, Nielsen, Michelin, Manhattan Locations: curacao, Austin , Texas, New York, Los Angeles, Orlando, Sacramento, Atlanta, Omaha, New, Hekate, ” Warrington, Napa Valley

☆ Food delivery fees are rising, and everyone's feeling the pinch
▼ + stars: | 2024-07-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +11 min

Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash and Uber Eats take hold in day-to-day dining. It's also presenting customers and restaurants with an increasingly complicated equation of service fees, delivery costs and worker tips. San Francisco resident Zainab Batool, who said she orders delivery from either Uber Eats or DoorDash weekly, called the added fees "insane." The share of consumers choosing third-party delivery services over direct restaurant delivery is rising, up from 15% in 2020 to 21% in 2024, according to Technomic's 2024 Delivery & Takeout Consumer Trend Report. But using their delivery services instead of paying for in-house delivery is worth it for a business on the smaller side, he said.

Persons: Luiz C, Ribeiro, Uber, It's, Zainab Batool, Batool, Gordon Haskett, Grubhub, it's, DoorDash, Covid, Spencer Platt, they've, Shelle Santana, Lindsey Nicholson, Tony Scardino, Pizza, He's, Scardino, Meredith Sandland, Ann, Phillis Engelbert, Engelbert, Gabby Jones Organizations: Ribeiro | New York Daily News, Tribune, Service, Getty, Gordon Haskett Research Advisors, Companies, U.S . Mobility, Uber, Bentley University, Grubhub Marketplace, UCG, Amazon, Bloomberg Locations: Manhattan, Ribeiro |, Francisco, Amsterdam, California, New York City, U.S, Canada, Illinois, Chicago, Ann Arbor , Michigan, Detroit

☆ The noon-to-4 is the new 9-to-5 for driving commuters, but it's not helping traffic congestion
▼ + stars: | 2024-07-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewAfter roads went eerily quiet during the early months of the pandemic, traffic is back with a vengeance. New remote and hybrid work schedules and a rise in car ownership in recent years have transformed traffic and congestion patterns. New York City had the worst congestion of any city in the world in 2023, the INRIX report found. AdvertisementNew York City had the worst congestion of any city in the world in 2023, the INRIX report found. While the population of New York City residents rose 1.4% between 2012 and 2021, the number of registered passenger vehicles rose by 12%.

Persons: —, INRIX, Bob Pishue, COVID, Pishue, Declan Gill Organizations: Service, Business, New, People Locations: Dallas, New York, Manhattan, New York City, York City, Yorkers

☆ A Weapons Scanner Arrives in the Subway. Adams Says It Isn’t Optional.
▼ + stars: | 2024-07-26 | by ( Emma G. Fitzsimmons | ) www.nytimes.com time to read: 1 min

Mayor Eric Adams announced the start of a contentious new plan to put a gun-detecting scanner in the subway on Friday and warned that New Yorkers who refused to be scanned would be kicked out of the system. Mr. Adams highlighted the scanner inside the busy Fulton Street subway station in Lower Manhattan, arguing that the technology would help make the subway safer. “Many New Yorkers will be familiar with this type of technology — it’s not new, and it’s being used in big cities across the country,” Mr. Adams said, noting that scanners were already being used at the Metropolitan Museum of Art and Citi Field. A new pilot program will involve one scanner that will be moved to different stations over the next 30 days, city officials said. Mr. Adams said it would not cost the city any money.

Persons: Eric Adams, Adams, —, Mr Organizations: Yorkers, Metropolitan Museum of Art, Citi Locations: Fulton, Lower Manhattan

☆ Two Women Killed in Upper East Side Murder-Suicide
▼ + stars: | 2024-07-26 | by ( Shayla Colon | Chelsia Rose Marcius | ) www.nytimes.com time to read: 1 min

Two women were shot to death in a murder-suicide on the Upper East Side of Manhattan on Friday morning, according to the police. One of the women, identified by the police as Kathleen Leigh, 65, approached the second woman, identified as Marisa Galloway, 45, shooting her in the head and lower back. Ms. Leigh then shot herself in the head, the police said. Ms. Leigh was pronounced dead at the scene, the police said. Ms. Galloway was taken to Weill Cornell Medical Center, where she later died.

Persons: Kathleen Leigh, Marisa Galloway, Leigh, Galloway Organizations: Honda, Gracie Mansion, New York City, Weill Cornell Medical Center Locations: Manhattan, Gracie

☆ New York Will Allow Beth Israel Hospital to Close
▼ + stars: | 2024-07-26 | by ( Joseph Goldstein | More About Joseph Goldstein | ) www.nytimes.com time to read: +1 min

The conditions are aimed at ensuring that nearby hospitals aren’t overwhelmed by the increase of patients expected after Beth Israel closes. The Health Department said Beth Israel must fund an expansion of the emergency room at Bellevue, the flagship of the city’s public hospital system. Another condition is that Beth Israel must run an urgent care center, open 24 hours a day, 7 days a week, for three months. A spokesman for the Mount Sinai hospital system, Loren Riegelhaupt, said in a statement that Beth Israel would remain open and accept patients, for now. Beth Israel was founded in 1889, initially as a dispensary serving mainly Jewish immigrants on the Lower East Side.

Persons: Beth Israel, Loren Riegelhaupt Organizations: NYU Langone Health, The Health Department Locations: Manhattan, Bellevue, Beth, Mount Sinai

☆ 104 Shows. $260 Million. After 10 Years, Billy Joel Closes a Chapter.
▼ + stars: | 2024-07-26 | by ( Caryn Ganz | ) www.nytimes.com time to read: +1 min

There’s a pause before Billy Joel steps onstage each night when he makes the subtle transition from low-key Everyman to world-renowned Piano Man. It’s just a few minutes of “not talking to anybody, not seeing anybody,” he said, mimicking waving off potential distractions. In February, “Turn the Lights Back On,” his first new song in nearly 20 years, joined the set list. Joel, 75, promised to keep the show running as long as there was demand. In total, the run grossed more than $260 million with attendance nearing two million, according to the trade publication Pollstar.

Persons: Billy Joel, It’s, ”, bellowing, screech, shutdowns — Joel, Joel, ” Dennis Arfa Organizations: Madison, Garden, “ Locations: Sag, Long, Manhattan

☆ Sales of $100 million homes set to double this year as trophy properties recover
▼ + stars: | 2024-07-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.

Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California

☆ Why fewer people are choosing to have kids
▼ + stars: | 2024-07-26 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

“A lot of people make the assumption because we don’t have kids, we’re not fulfilled,” Becky Hayden said. “We see majorities … saying having a fulfilling life doesn’t have much to do with whether someone does or doesn’t have children,” Minkin said. The reasons people aren’t having kidsThere were many reasons why people said they didn’t have kids, including financial concerns, infertility, or that it just didn’t happen, according to the research. For people younger than 50, the top reason reported for not having children was that they don’t want to. Many of the cons people reported in the Pew survey related to not having children come from the outside.

Persons: Becky Hayden, Seth, we’re, ” Becky Hayden, Ohio Sen, JD Vance, Tucker Carlson, they’ve, Pew reseachers, “, ”, Rachel Minkin, ” Minkin, Dr, Linda Baggett, Baggett, Carissa Strohecker Hannum, Hayden, hasn’t, Minkin, ” Baggett, “ I’m Organizations: CNN, Pew Research Center, Pew, Republican, Fox News, Monarch Wellness Locations: California, United States, Ohio, Manhattan Beach , California, Washington, DC

☆ Trump's NY fraud judge declines to recuse himself over 'nothingburger' hallway conversation
▼ + stars: | 2024-07-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Manhattan judge who ordered Donald Trump to pay a nearly $500 million fraud judgment has declined — in no uncertain terms — the former president's demand that he recuse himself from the case over a brief hallway conversation. The sum owed by Trump accrues another $1 million in interest every nine days, and had reached $471 million by Thursday. Engoron did not mince words in saying on Thursday that he would not step down over "this 90-second, unsolicited diatribe." Lawyers for Trump and Bailey did not immediately respond to requests for comment.

Persons: —, Donald Trump, Arthur Engoron, Trump, Engoron, Adam Leitman Bailey, Bailey, defamatorily, Read Organizations: Service, New, Business, Trump, Trump Organization

☆ Prosecutors Say Immunity Ruling Has No Bearing on Trump’s Conviction
▼ + stars: | 2024-07-25 | by ( Ben Protess | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

Manhattan prosecutors are urging the judge who oversaw Donald J. Trump’s criminal hush-money trial to uphold his conviction, seeking to cast doubt on the former president’s long-shot bid to overturn the case because of a recent Supreme Court ruling. Instead, the Manhattan prosecutors noted, he was convicted in May of covering up a sex scandal that had threatened to derail his 2016 campaign, a personal and political crisis that did not involve his conduct as president. Mr. Trump’s lawyers, seeking to link the two cases, have mounted a novel argument. In a recent filing to the judge who presided over the Manhattan trial, Juan M. Merchan, they contended that the Supreme Court’s decision had invalidated at least some of the evidence presented in Manhattan, including the testimony of former White House employees and tweets that Mr. Trump sent as president. The Supreme Court, they noted, had held that official acts could be inadmissible as evidence — even if a case concerned private misconduct.

Persons: Donald J, Trump, Juan M Organizations: White, Manhattan, White House Locations: Manhattan, Washington

☆ New York prosecutors say evidence in Trump trial was ‘overwhelming’ and conviction should stand
▼ + stars: | 2024-07-25 | by ( Kara Scannell | Jeremy Herb | ) edition.cnn.com time to read: +3 min

CNN —Manhattan prosecutors said there is no basis to overturn Donald Trump’s conviction in the hush money case after the Supreme Court’s ruling on presidential immunity. Any error, they argued in a filing Thursday, is “harmless” when viewed against “overwhelming evidence” of the former president’s guilt. Prosecutors with the Manhattan district attorney’s office said the conviction should stand. They also noted that Trump’s attorneys didn’t raise objections during the trial to most of the evidence they now question, arguing they can’t now challenge it after the trial. According to Hicks, Trump said it would have been bad for Stormy Daniels’ allegations to have come out before the election.

Persons: Donald Trump’s, Hope Hicks, Trump, –, didn’t, ”, “, ’ ”, ’, Hicks, Stormy Daniels, Honig, what's, SCOTUS, Daniels Organizations: CNN, Manhattan, White House, Twitter, Prosecutors, Trump, CNN Prosecutors Locations: Manhattan

☆ Harvey Weinstein in hospital after testing positive for Covid-19 and contracting double pneumonia
▼ + stars: | 2024-07-25 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +1 min

CNN —Disgraced and imprisoned movie mogul Harvey Weinstein “tested positive for COVID and contracted double pneumonia in his lungs,” Juda Engelmayer, Weinstein’s spokesman, said in a statement Thursday. In addition, Mr. Weinstein tested positive for COVID and contracted double pneumonia in his lungs,” the statement said. Engelmayer also confirmed to CNN that Weinstein was transferred to the Bellevue Hospital Prison Ward late on Wednesday night. The New York Court of Appeals overturned a sex crimes conviction against Weinstein in April, but he has remained in custody in New York. In that case, Weinstein was sentenced to 16 years in prison.

Persons: CNN —, Harvey Weinstein “, Juda, “ Craig Rothfeld, Weinstein’s, Weinstein, Engelmayer Organizations: CNN, Prison, New, Manhattan, Attorney’s Locations: Bellevue, New York, Los Angeles

☆ NY fights to save Trump hush-money sentencing, saying it's a harmless error if evidence he's immune from entered the case
▼ + stars: | 2024-07-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewManhattan prosecutors are fighting to keep Donald Trump's September 18 hush-money sentencing on track, saying in a new filing Thursday that it was "harmless error" if evidence he's now immune from entered the case. But Trump would have been indicted and convicted even if evidence the defense calls "official" were removed, the filing adds. AdvertisementThe filing argues that Trump is wrong in now stamping much of the prosecutor's case "official act evidence." But these tweets describe unofficial acts unrelated to Trump's official duties, and for which he has no immunity, the prosecution filing now argues. Lawyers for Trump did not immediately respond to requests for comment on the prosecution filing.

Persons: —, Donald Trump's, Attorney Alvin Bragg, Trump, Stormy Daniels, SCOTUS, Donald Trump, Jane Rosenberg, Bragg, Matthew Colangelo, Daniels, Michael Cohen, Hope Hicks, Trump's, Cohen, Madeleine Westerhout, caselaw, Juan Merchan Organizations: Service, Attorney, Business, Trump Organization, Manhattan, White House, Trump Locations: Manhattan

☆ New York urges Supreme Court not to intervene in Trump’s hush money criminal case
▼ + stars: | 2024-07-24 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —New York’s attorney general urged the Supreme Court on Wednesday to stay out of Donald Trump’s hush money criminal case, arguing the nation’s highest court should not grant a novel request by Missouri to pause his sentencing hearing and lift the gag order imposed on the former president in the case. Earlier this month, Missouri Attorney General Andrew Bailey, a Republican, asked the Supreme Court for permission to file a complaint against New York to pause Trump’s September sentencing hearing and lift the restrictions on his speech – arguing in part that New York was infringing on the right of Missouri voters to hear from presidential candidates. “Allowing Missouri to file this suit for such relief against New York would permit an extraordinary and dangerous end-run around former President Trump’s ongoing state court proceedings and the statutory limitations on this Court’s jurisdiction to review state court decisions,” she wrote. For now, a limited gag order barring Trump from publicly speaking about prosecutors, court staff and their families remains in place at least until Trump is sentenced. CNN’s Lauren del Valle contributed to this report.

Persons: Donald Trump’s, Andrew Bailey, Letitia James, “, James, Trump’s, ”, Bailey, Trump, ” James, Stormy Daniels, CNN’s Lauren del Valle Organizations: CNN, New, Republican, Missouri, ”, Trump Locations: Missouri, New York, Manhattan

☆ Retailers shift their thinking on costly last-mile delivery as consumer need for speed raises costs
▼ + stars: | 2024-07-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. Retail executives surveyed say as more — especially younger — consumers demand same-day delivery, the financial payoff isn't there. Roughly three-quarters (76%) of retail executives surveyed by AlixPartners said delivery cost on a per-package basis has increased since last year, and three out of four said home delivery does not add to profitability. 1 priority for last-mile delivery. To save on delivery costs, retailers are moving away from reliance on single carriers in last-mile delivery.

Persons: AlixPartners, Marc Iampieri, Iampieri Organizations: UPS, FedEx, Retail, Carriers, Teamsters Locations: Manhattan, New York City

☆ Real Estate Crisis? Small Banks Say Their Loans Are Fine.
▼ + stars: | 2024-07-24 | by ( Matthew Goldstein | Emily Flitter | ) www.nytimes.com time to read: +1 min

Small banks are feeling misunderstood. Investors worry that those banks could be a crisis waiting to happen. But executives at these firms — which number about 4,100 in total — say there is an important distinction, and some industry analysts concur. They caution that small banks are being lumped in with lenders to the owners of half-empty towers in Manhattan, San Francisco and Chicago, which are in the most trouble. Instead, a majority of commercial building loans by community banks are for smaller buildings — like those housing doctors and local businesses — that tend to be fully leased.

Organizations: Investors Locations: Manhattan, San Francisco, Chicago

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