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☆ Here's why Wells Fargo's Paul Christopher is expecting one more rate hike
▼ + stars: | 2023-08-16 | 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 EmailHere's why Wells Fargo's Paul Christopher is expecting one more rate hikeWilmington Trust's Tony Roth and Wells Fargo Investment Institute's Paul Christopher join 'Squawk on the Street' to discuss the conditions that could lead to another rate hike, the economy's deflationary data, and the calculus for equities.

Persons: Wells Fargo's Paul Christopher, Tony Roth, Paul Christopher Organizations: Wilmington, Wells, Wells Fargo Investment Locations: Wells Fargo

Aug 15 (Reuters) - Former U.S. President Donald Trump was indicted on Monday for his alleged efforts to illegally overturn the Georgia vote in the 2020 presidential election which put Joe Biden in the White House. After defendants in Georgia are indicted by a grand jury, they are arraigned, which is the formal reading in court of the charges. Trump will have his mugshot taken upon being taken into custody, Fulton County Sheriff Pat Labat told local media this month. A jury of 12 people from Fulton County must all agree beyond a reasonable doubt that Trump is guilty for a conviction on any count. If Trump is convicted, he would likely seek a new trial by asserting the outcome was inconsistent with evidence or contrary to the law.

Persons: Donald Trump, Joe Biden, Bail, Trump, Fulton County Sheriff Pat Labat, Fani Willis, Elijah Nouvelage, Biden, Young, Jeffery Lamar Williams, Tom Hals, Jack Queen, Noeleen Walder, Alistair Bell Organizations: Former U.S, Fulton County Sheriff, REUTERS, Republican, Thomson Locations: Former, Georgia, Fulton County, Atlanta , Georgia, U.S, Atlanta, Wilmington , Delaware, New York

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 PhotoAug 15 (Reuters) - Christopher Clark, the senior lawyer representing Hunter Biden, is seeking to withdraw from the case involving the U.S. president's son on the grounds he might be called to testify, according to a court filing on Tuesday. The case is being heard in the U.S. state of Delaware, where Biden is represented by the Berger Harris law firm. "It is inadvisable for Mr. Clark to continue as counsel in this case," continued the joint filing from Berger Harris and Clark Smith Villazor, Clark's firm. In the filing, the two said Clark's withdrawal would not cause Biden substantial hardship since other firms involved in the case would continue to represent him.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Christopher Clark, president's, Biden, David Weiss, Weiss, Berger Harris, Clark, Clark Smith Villazor, David Ljunggren, Jonathan Oatis Organizations: REUTERS, U.S, Thomson Locations: Wilmington , Delaware, U.S, U.S ., Delaware

☆ Former FBI agent says he was not aware of interference in Hunter Biden probe
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden, son of U.S. President Joe Biden, arrives at federal court to plead guilty to two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S., July 26, 2023. Republicans pointed to the testimony as evidence that the Justice Department intervened to delay the Hunter Biden probe, even though the events took place while Republican President Donald Trump was in office. Comer said the alleged misconduct occurred under U.S. Attorney David Weiss, a Trump appointee who was named special counsel in the Hunter Biden investigation last week over the objections of many House Republicans including Comer. Hunter Biden in July pleaded not guilty to charges of failing to pay taxes on more than $1.5 million in income in 2017 and 2018 despite owing more than $100,000. In the end, both FBI and Secret Service headquarters were notified about the interview plan, the interviewers' access to Hunter Biden was blocked and the former FBI agent heard from an attorney for Hunter Biden.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, didn't, Donald Trump, James Comer, Comer, David Weiss, Comer . Hunter Biden, David Morgan, Scott Malone, Howard Goller Organizations: REUTERS, FBI, Republican, Internal Revenue Service, Secret Service, Biden, Justice Department, U.S, Trump, Republicans, Thomson Locations: Wilmington , Delaware, U.S

☆ Hunter Biden's lawyers say US prosecutors reneged on plea deal
▼ + stars: | 2023-08-14 | by ( Jack Queen | ) www.reuters.com time to read: +2 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 PhotoAug 14 (Reuters) - Lawyers for Hunter Biden said in a late Sunday court filing that prosecutors reneged on a plea deal that would have resolved tax and firearms charges against the U.S. president’s son as his father seeks reelection. Delaware federal prosecutors said on Friday that Hunter Biden may be headed for a criminal trial after plea negotiations broke down. U.S. District Judge Maryellen Noreika rejected a proposed plea deal in July, raising concerns over its legality and the scope of immunity it offered Hunter Biden. If the case goes to trial, the president would be campaigning for reelection in November 2024, likely against former president Donald Trump, as his son faces criminal prosecution.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, president’s, Maryellen Noreika, impeaching Biden, General Merrick Garland, David Weiss, Donald Trump, Trump, Abinaya, Jack Queen, Muralikumar Anantharaman, Robert Birsel Organizations: REUTERS, U.S, District, of Justice, Delaware U.S, Republican, Thomson Locations: Wilmington , Delaware, U.S, Delaware, Bengaluru, New York

☆ Hunter Biden lawyers say feds reneged on tax plea deal, but gun agreement still valid
▼ + stars: | 2023-08-14 | by ( Dan Mangan | ) www.cnbc.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, July 26, 2023. But Hunter Biden's lawyers also said in a new Delaware federal court filing that a second agreement with prosecutors that would allow him to escape conviction for a gun-related crime is "valid and binding." Lawyers for Hunter Biden told a judge that federal prosecutors on Friday decided to "renege" on a previously agreed deal in which the son of President Joe Biden would plea guilty to tax crimes in exchange for a recommended no-jail sentence. A key sticking point for the judge was the requirement that she, not the U.S. Department of Justice, be the one to decide if Hunter Biden violates the gun agreement over a two-year period. After Noreika said she would give prosecutors and defense lawyers more time to answer her questions, Hunter Biden pleaded not guilty to the tax crimes.

Persons: Hunter Biden, Joe Biden, Noreika, Maryellen Noreika, Delaware David Weiss, Hunter, Weiss, General Merrick Garland, Hunter Biden's, Chris Clark, Donald Trump, renege Organizations: U.S, Attorney, D.C, U.S . Department of Justice Locations: Wilmington , Delaware, Delaware, California, Washington, United States

☆ I would be cautious on consumer sensitive areas of the market, says Wilmington Trust's Meghan Shue
▼ + stars: | 2023-08-14 | 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 EmailI would be cautious on consumer sensitive areas of the market, says Wilmington Trust's Meghan ShueNick Colas, DataTrek Research co-founder and Meghan Shue, Wilmington Trust EVP, join 'Closing Bell Overtime' to talk the day's market action, stocks versus bonds, upcoming earnings and more.

Persons: Wilmington, Meghan Shue Nick Colas, Meghan Shue Organizations: Research, Wilmington Trust Locations: Wilmington

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/Kevin WurmAug 12 (Reuters) - The appointment on Friday of a special counsel to investigate Hunter Biden ensures that the criminal probe of the president’s son will cast a long shadow over his father’s reelection campaign. Hunter Biden in July pleaded not guilty to charges of failing to pay more than $100,000 in taxes owed on over $1.5 million in income in 2017 and 2018. Half of Americans believe Hunter Biden received preferential treatment from prosecutors who tried to reach a plea deal, a Reuters/Ipsos poll in June found before the plea deal fell apart. But most Americans said the Hunter Biden plea deal did not affect their likelihood of voting for Biden next year, the poll found.

Persons: Hunter Biden, Joe Biden, Kevin Wurm, David Weiss, Biden, Bill, Clinton, Hillary, Monica Lewinsky, Weiss, Republican Donald Trump, Kevin McCarthy, Hunter, Jarrett Renshaw, Nandita Bose, Cynthia Osterman Organizations: REUTERS, Delaware U.S, Republican, Reuters, Biden, Thomson Locations: Wilmington , Delaware, U.S, Delaware, Ukraine, China

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/Kevin WurmAug 12 (Reuters) - The appointment on Friday of a special counsel to investigate Hunter Biden helped ensure that the criminal probe of the president’s son will cast a long shadow over his father’s reelection campaign. Hunter Biden in July pleaded not guilty to charges of failing to pay more than $100,000 in taxes owed on over $1.5 million in income in 2017 and 2018. Half of Americans believe Hunter Biden received preferential treatment from prosecutors who tried to reach a plea deal, a Reuters/Ipsos poll in June found before the plea deal fell apart. But most Americans said the Hunter Biden plea deal did not affect their likelihood of voting for Biden next year, the poll found.

The ruling sent the shares of the company's preferred stock soaring 27%. The company's common stock fell 27%. Under the approved class action settlement, AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. Without the proposed settlement, common stockholders and preferred shareholders would end up owning 34.28% and 65.72% of AMC, respectively. Under the proposed settlement, common stockholders and preferred shareholders would own 37.15% and 62.85%, respectively.

Persons: Brendan McDermid, Chancellor Morgan Zurn, Zurn, Tom Hals, Deepa Babington Organizations: AMC Theatre, REUTERS, AMC Entertainment Holdings, AMC, Delaware, AMC Entertainment Holdings Inc, Chancery, Thomson Locations: New York City, U.S, WILMINGTON , Delaware, Delaware, Wilmington , Delaware

☆ Hunter Biden could face trial, newly named US special counsel says
▼ + stars: | 2023-08-11 | by ( Andrew Goudsward | ) www.reuters.com time to read: +6 min

The filing came moments after U.S. Attorney General Merrick Garland elevated Weiss to special counsel status, giving him additional authority and independence to pursue the investigation. As a special counsel, Weiss will be free from day-to-day supervision from the Justice Department and file charges anywhere in the United States. Hunter Biden has worked as a lobbyist, lawyer, consultant and investment banker and has said he has struggled with alcoholism and crack cocaine use. "If Weiss negotiated the sweetheart deal that couldn’t get approved, how can he be trusted as a Special Counsel?" Hunter Biden has been a focus of several Republican congressional committees.

Persons: Joe Biden's, Hunter Biden, David Weiss, Republican Donald Trump, Biden, Weiss, General Merrick Garland, TRUMP, Garland, Chris Clark, Joe Biden, Jonathan Ernst, Kevin McCarthy, couldn’t, McCarthy, Jack Smith, Robert Hur, Hunter, Devon Archer, Trump, Stephen Cheung, Sarah N, Lynch, Jeff Mason, Rami Ayyub, Moira Warburton, Jacqueline Thomsen, David Ljunggren, Andy Sullivan, Scott Malone, Alistair Bell Organizations: Republican, Republicans, Attorney, Trump, Justice Department, REUTERS, CIA, Reuters, Biden, Thomson Locations: Delaware, United States, Washington, California, Delaware , Washington, Wilmington , Delaware, U.S, Ukraine, China

REUTERS/Carlo Allegri/File PhotoCompanies Starbucks Corp FollowAug 11 (Reuters) - A U.S. judge on Friday dismissed a conservative activist investor's lawsuit against Starbucks' (SBUX.O) board, opposing the company's diversity, equity and inclusion policies and calling it frivolous. The nonprofit, which holds around $6,000 in Starbucks stock, said those policies require the company to make race-baced decisions that violate federal and state civil rights laws. The lawsuit is similar to those recently by conservative activist groups opposing corporate diversity and inclusion efforts in the wake of a June Supreme Court ruling. The ruling declared unlawful the race-conscious student admissions policies used by Harvard University and the University of North Carolina. On Friday, Daniel Morenoff of The American Civil Rights Project argued that Starbucks policies seeking to increase racial diversity among its suppliers, vendors, and employees were discriminatory and that NCPPR's cause was in the corporate interest.

Persons: Carlo Allegri, District Judge Stanley Bastian, Daniel Morenoff, Bastian, Craig, Jody Godoy, Tom Hals, Chris Reese, Marguerita Choy Organizations: Empire, REUTERS, Companies Starbucks, Starbucks, National Center for Public Policy Research, Blacks, Chief U.S, District, Harvard University, University of North, American Civil Rights, Target Corp, Thomson Locations: Manhattan, New York, U.S, Spokane , Washington, America, University of North Carolina, Florida, Wilmington , Delaware

☆ Trucking firm Yellow extends bankruptcy loan talks until next week
▼ + stars: | 2023-08-11 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Yellow filed for bankruptcy on Sunday with a loan offer for that amount from private equity firm Apollo, a senior lender to the company before its bankruptcy. The trucking company said earlier this week it was seeking alternative financing from MFN Partners, an investment firm that owns 41% of Yellow's stock, and Estes Express Lines, a rival in freight trucking. Yellow intends to use its bankruptcy to sell all of its assets, including 12,000 trucks and over 300 shipping service centers. The union, which represents about 22,000 laid-off Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy. Yellow owes the U.S. Treasury over $700 million on a pandemic bailout loan approved by former President Donald Trump's administration in 2020.

Persons: Mike Blake, Pat Nash, Craig Goldblatt, Nash, Dennis Dunne, Donald Trump's, Dietrich Knauth, Mark Porter, Andrea Ricci, Alexia Garamfalvi, Richard Chang Organizations: U.S, Yellow Corp, MFN Partners, Estes Express, Apollo, U.S . Treasury Department, International Brotherhood of Teamsters, U.S . Treasury, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

☆ Who Is David Weiss, the U.S. Attorney Elevated to Special Counsel?
▼ + stars: | 2023-08-11 | by ( Glenn Thrush | More About Glenn Thrush | ) www.nytimes.com time to read: +1 min

The Hunter Biden case is an unexpected career turn for David C. Weiss, a tough, workmanlike prosecutor and commercial lawyer whose stubborn competitiveness earned him a reputation as a hard man to strike out in local softball leagues. Appointed by President Donald J. Trump, the low-key U.S. attorney for Delaware was held over in his job by the Biden administration to shield the Justice Department from accusations of political meddling. Mr. Weiss grew up in the Philadelphia suburbs, attending Cheltenham High School, whose graduates include Prime Minister Benjamin Netanyahu of Israel, the Hall of Fame slugger Reggie Jackson and the conservative commentator Mark Levin. After completing law school at Widener University in Wilmington, Del., he worked two long stints as a prosecutor in the Delaware U.S. attorney’s office on an array of cases. Those included an investigation of a businessman who pleaded guilty to campaign finance violations after illegally bundling contributions for President Biden’s failed 2008 bid for the White House.

Persons: Hunter Biden, David C, Weiss, Donald J, Trump, Biden, Benjamin Netanyahu, Israel, Reggie Jackson, Mark Levin, St . Louis, Biden’s Organizations: Justice, Cheltenham High School, of Fame, Washington University, Widener University, Delaware U.S, White Locations: Delaware, Philadelphia, St ., Wilmington, Del

☆ Trump-appointee David Weiss named special counsel in Hunter Biden probe as DOJ calls for trial
▼ + stars: | 2023-08-11 | by ( Amanda Macias | ) www.cnbc.com time to read: +1 min

U.S. Attorney David Weiss holds a press conference Thursday, May 3, 2018, at his district office in Wilmington, Del. WASHINGTON — U.S. Attorney General Merrick Garland announced on Friday that David Weiss, the federal prosecutor in Delaware who has led the criminal investigation of President Joe Biden's son, Hunter Biden, will be appointed special counsel in the case. Garland said that Weiss, who was appointed by former President Donald Trump to become a U.S. Attorney in 2018, asked earlier this week to be named special counsel. At nearly the same time Garland was announcing the special counsel investigation of the president's son, federal prosecutors revealed in new court filings that they had reached an "impasse" in plea negotiations with Hunter Biden's lawyers. "The Government now believes that the case will not resolve short of a trial," they wrote in a federal filing in Delaware.

Persons: David Weiss, General Merrick Garland, Joe Biden's, Hunter Biden, Garland, Weiss, Donald Trump, Hunter Biden's Organizations: Department of Justice Locations: Wilmington, Del . WASHINGTON — U.S, Delaware, U.S

“The appointment of Mr. Weiss reinforces for the American people the department’s commitment to both independence and accountability in particularly sensitive matters,” Mr. Garland said. Mr. Clark and the Justice Department prosecutors overseeing the case had distinctly different understandings of the immunity Hunter Biden would receive from the deal. House Republicans quickly signaled the special counsel appointment would not alleviate their criticism of the investigation into Hunter Biden. agents was that Mr. Weiss had sought to bring charges against Hunter Biden in Washington and California but was rebuffed after prosecutors in those jurisdictions declined to partner with him. House Republicans have also issued subpoenas to six banks, detailing millions that were paid to Hunter Biden and his business partners from overseas companies.

Persons: General Merrick B, Garland, Biden’s, Hunter, Justice Department’s, David C, Weiss, Hunter Biden, Biden, —, Garland scoffed, Weiss —, “, Mr, Jack Smith, Donald J, Trump, Robert K, Hur, Trump’s, Hunter Biden’s, Christopher Clark, ” Mr, Clark, ”, Russell Dye, Jim Jordan, “ Weiss, Kevin McCarthy, Biden’s D.O.J, couldn’t, Devon Archer, Archer, Chris Cameron Organizations: Justice, Internal Revenue Service, Mr, Republican, Republicans, Justice Department, House Republicans, Biden, Congress, Department, Trump Locations: Washington, U.S, Delaware, Delaware , Washington, Wilmington, Del, Ohio, Washington and California

☆ GOP Oversight Chairman Comer vows to subpoena the Biden family
▼ + stars: | 2023-08-11 | by ( Scott Wong | ) www.cnbc.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, July 26, 2023. WASHINGTON — House Oversight Committee Chairman James Comer, who is leading the investigation into Hunter Biden's foreign business dealings, said Thursday his panel plans to subpoena members of the Biden family, including possibly President Joe Biden. We are going to subpoena the family," Comer, R-Ky., said in an appearance on Fox Business. Comer said that had he issued a subpoena for Joe and Hunter Biden on his first day as Oversight chairman, a judge would have thrown it out. Last month, Hunter Biden pleaded not guilty to two charges of failing to pay federal taxes related to his business dealings.

Persons: Hunter Biden, Joe Biden, James Comer, Hunter, Biden, Comer, Joe, —, Ian Sams, Devon Archer, Joe Biden's, Archer, Maria Bartiromo, We've, they'll, Donald Trump Organizations: WASHINGTON —, Fox Business, Biden, Fox Locations: Wilmington , Delaware, Ky, America, Congress

☆ Reactions to appointment of a US special counsel in Hunter Biden case
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +6 min

Weiss said Hunter Biden may be headed for trial on criminal charges after talks on a potential plea deal reached an impasse. If Weiss negotiated the sweetheart deal that couldn’t get approved, how can he be trusted as a Special Counsel? Garland appointing Weiss as a sham special counsel on Hunter is a way to block info from Congress while claiming they're investigating. The Biden Justice Department is trying to stonewall congressional oversight as we have presented evidence to the American people about the Biden family's corruption." REPUBLICAN REPRESENTATIVE LAUREN BOEBERT ON X:"Merrick Garland just announced that he will appoint US Attorney Weiss as Special Counsel to look into Hunter Biden's matters.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, General Merrick Garland's, David Weiss, Joe Biden's, Weiss, KEVIN MCCARTHY, Biden, couldn’t, DICK DURBIN, Garland, Biden’s, Trump, Trump’s, STEVE SCALISE, Hunter, STEVEN CHEUNG, DONALD TRUMP, RUSSELL, JIM JORDAN, David Weiss can’t, JAMES COMER, General Garland, Biden's, LINDSEY GRAHAM, you've, BYRON DONALDS, LAUREN BOEBERT, Merrick Garland, I'm, NIKKI HALEY, Moira Warburton, David Morgan, Josephine Walker, Jasper Ward, Howard Goller Organizations: REUTERS, TWITTER, DOJ, Republicans, DEMOCRATIC, Justice Department, U.S, Justice Department’s, Biden, REPUBLICAN, Biden Justice Department, FOX, Biden Fam, US, Department of Justice, Thomson Locations: Wilmington , Delaware, U.S, Delaware, Washington

☆ Reactions to appointment of a special counsel in Hunter Biden case
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +6 min

☆ Biden attorneys are in talks with special counsel Robert Hur over terms to interview the president
▼ + stars: | 2023-08-11 | by ( Monica Alba | Carol E. Lee | ) www.cnbc.com time to read: +3 min

WASHINGTON — Attorneys for President Joe Biden and the special counsel appointed to investigate his handling of classified documents have been negotiating for about a month over the terms under which he would be interviewed, two people familiar with the matter said. Discussions between Biden's lawyers and special counsel Robert Hur's office are focused on how, when and where the interview might take place, as well as the scope of the questions, these people said. For months now, Biden's lawyers have been gaming out various scenarios for an interview, with the expectation that he would provide one once his legal team and the special counsel agreed on the specifics. The documents were found in an office Biden used after he left the vice presidency and at his home in Wilmington, Delaware. Attorney General Merrick Garland appointed Hur in January, two months after he named Jack Smith as special counsel to oversee the investigation into former President Donald Trump's handling of classified documents and alleged efforts to overturn the 2020 election.

Persons: Joe Biden, Robert Hur's, Bob Bauer, Hur, Biden, Department's, General Merrick Garland, Jack Smith, Donald Trump's Organizations: White, WASHINGTON —, Justice Locations: Kentucky, Washington, U.S, Wilmington , Delaware

☆ Trucking firm Yellow explores alternate bankruptcy loans
▼ + stars: | 2023-08-09 | 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 BlakeNEW YORK, Aug 9 (Reuters) - Bankrupt trucking company Yellow Corp (YELL.O) will not seek court approval to borrow $142.5 million from private equity firm Apollo Global Management as planned on Wednesday, instead seeking time to explore alternate loan offers, an attorney for the company said. Yellow is weighing those offers while negotiating with Apollo on how those loans would impact Apollo's collateral rights on a pre-existing $501 million loan. Yellow plans to return to court on Friday with more clarity on which loan it will choose. The union, which represents about 22,000 Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy despite concessions made by workers.

Persons: Mike Blake NEW, Pat Nash, Craig Goldblatt, Nash, Goldblatt, Dietrich Knauth, Chris Reese, Richard Chang Organizations: U.S, Yellow Corp, Apollo Global Management, MFN Partners, Estes Express, Apollo, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

☆ Biden revs up economy pitch after week of silence on Trump
▼ + stars: | 2023-08-07 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

About half the respondents who voted for Biden in 2020 said they have heard little or nothing of his major policy initiatives to reduce inflation or boost spending on infrastructure. Biden and fellow Democrats pushed bills through Congress that put about $1.5 trillion toward new bridge, road, climate and manufacturing projects. Democratic strategist Jennifer Holdsworth said this week's trip would counter a message spread by the nation's right-wing media distorting the economy and Biden's legislative agenda. "As President Biden gets out there on the campaign trail, I think you'll see that trend start to change," she said. On Wednesday, Biden will be in New Mexico to tout the IRA's role in a clean-energy manufacturing boom, one year after the law was signed.

Persons: Joe Biden, Jonathan Ernst, Donald Trump, Biden, Jennifer Holdsworth, Kamala Harris, Jarrett Renshaw, Heather Timmons, Leslie Adler Organizations: Auburn Manufacturing, REUTERS, Republican, Reuters, Democratic, White House, Wednesday, Thomson Locations: U.S, Auburn , Maine, WILMINGTON, Del, Arizona , New Mexico and Utah, Delaware, Arizona, New Mexico, Utah

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Lawyers for Musk in a separate filing said claims against him should be tossed out because he did not sign a specific provision of the merger agreement involving employee benefits, including severance pay. Twitter laid off more than half its workforce as a cost-cutting measure after Musk acquired the company last October. The lawsuit is not a class action, but two similar pending lawsuits brought on behalf of much larger groups of former Twitter employees claim the company owes more than $500 million in severance pay. X has said all of the workers were paid in full.

Persons: Carlos Barria, Elon Musk, Musk, Daniel Wiessner, Bernadette Baum Organizations: REUTERS, Reuters Connect Companies, X Corp, Twitter, Musk, Thomson Locations: San Francisco , California, U.S, Delaware, Wilmington , Delaware, New York , California, Texas, Albany , New York

☆ Couple quit their jobs to open a coffee shop run by people with disabilities: It’s a ‘human rights movement’ in disguise
▼ + stars: | 2023-07-31 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Bitty and Beau's Coffee isn't your average coffee shop. It's a "human rights movement" in disguise, say co-founders Amy and Ben Wright. The husband-and-wife duo left their careers in education and finance — in 2016 and 2020, respectively — to build Bitty and Beau's, a chain of coffee shops run almost entirely by people with intellectual or developmental disabilities. Today, Bitty and Beau's has 19 locations and more than 400 employees across 11 states, according to its website. It started when Amy left the after-school theater program for kids she'd founded, to help the first Bitty and Beau's get off the ground.

Persons: Amy, Ben Wright, Beau's, Wrights, she'd, Morgan Stanley, Ben Organizations: CNBC, Citi — Locations: Wilmington , North Carolina, Dye

The ruling allows the oversight district to pursue its case that seeks to void "backroom deals" favorable to Disney that were struck with a prior district board earlier this year. A Disney spokesperson said the decision "has no bearing" on the federal lawsuit seeking to "vindicate Disney's constitutional rights." "We are fully confident Disney will prevail in both the federal and state cases," the spokesperson said in an email. The skirmish began last year after Disney criticized a Florida law banning classroom discussion of sexuality and gender identity with younger children. DeSantis rallied lawmakers to pass bills that reconstituted the district as the Central Florida Tourism Oversight District and transferred power over the board to the governor from Disney.

Persons: Ron DeSantis, DeSantis, Disney, Lawmakers, Tom Hals, Jody Godoy, Deepa Babington, Jonathan Oatis, Richard Chang Organizations: Walt Disney Co, DeSantis, Disney, Republican, Central, Thomson Locations: WILMINGTON , Delaware, Florida, Central Florida, District, Wilmington , Delaware, New York

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