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☆ Yes, Trump has to show up in court again. Here's what happens now that federal prosecutors indicted him.
▼ + stars: | 2023-06-09 | by ( Taylor Berman | Insider Staff | ) www.businessinsider.com time to read: +6 min

Donald Trump was indicted by federal prosecutors and has to show up in court. Trump posted on Truth Social that he'll appear in federal court in Miami on Tuesday afternoon, where he'll appear before a judge. That's what happened in Trump's Manhattan case, where the district attorney's office chose not to take one. Trump's Manhattan case happened in state court, where photography is allowed at the judge's discretion. And he also has a civil trial over his involvement in an alleged multi-level marketing scheme scheduled for trial in Manhattan federal court in January.

Persons: Donald Trump, —, Stormy Daniels, Jack Smith, Will Trump, Trump, It's, Tamara Holder, it's, George Santos —, we'll, Smith, Holder, Biden, Ron DeSantis Organizations: Service, Manhattan District, Secret Service, Department, US Marshals Service, New York Rep, Court, Justice Department, Mar, Disney, Trump, New Locations: Mar, Miami, Florida, Manhattan, Southern Florida, Washington ,, Friendly Florida

In his ruling, U.S. District Judge John Coughenour rejected bids from Apple and Amazon to dismiss the prospective class action on various legal grounds. Lawyers for Apple and Amazon and representatives for the companies did not immediately respond to requests for comment on Friday. In 2018, according to the lawsuit, there were some 600 third-party Apple resellers on Amazon. Apple agreed to give Amazon a discount on its products if Amazon reduced the number of Apple resellers from its marketplace, the lawsuit alleged. The judge in Seattle said "countervailing" motivations for the agreement between Apple and Amazon would be addressed later in the litigation.

Persons: iPads, John Coughenour, Coughenour, Steve Berman, Apple, Steven Floyd, Read, Mike Scarcella, Leigh Jones Organizations: District, Apple, Amazon, Ninth Circuit, Amazon.com Inc, Apple Inc, Western District of Washington, Thomson Locations: U.S, Seattle, Western District

☆ Here's why Neuberger's Conrad Saldanha favors Tencent
▼ + stars: | 2023-06-09 | 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 Neuberger's Conrad Saldanha favors TencentConrad Saldanha, senior portfolio manager of the Neuberger Berman Emerging Markets Equity Fund, joins 'The Exchange' to discuss the Chinese economy, the investment opportunities in China, and more.

Persons: Neuberger's Conrad Saldanha, Tencent Conrad Saldanha, Neuberger Berman Organizations: Markets Equity Fund Locations: China

The Department of Justice indicted former President Donald Trump in the Mar-a-Lago records case. With the indictment, Trump became the first current or former president in American history to face federal criminal charges. Prior to Trump's indictment, federal prosecutors told his attorneys in early June that he was a target of the investigation. In September, he said there would be "problems" like "we've never seen" before in the event of his criminal indictment. Editor's note: Portions of this article were prepared in the weeks preceding Trump's indictment.

Persons: Donald Trump, Trump, —, weren't, Jim, hasn't, I'm, MAGA, Trump's, Mark Meadows, Taylor Budowich, Stormy Daniels, General Merrick Garland, Jack Smith, Garland, he's, Smith, Department's, Biden, Joe Biden, Kimberly Leonard, Fani Willis, Brad Raffensperger, Willis, Jean Carroll, Michael Cohen Organizations: Justice, Service, Justice Department, New York Times, CNN, Times, Department, New, Truth, White, Trump, Manhattan District, FBI, feds, National Archives, Republican, GOP, Washington Post, Capitol, Fulton, Georgia, Trump Organization, New York Attorney Locations: Miami, New York, United States, Manhattan, Mar, Lago, Florida, Iran, Washington , DC, Atlanta, Fulton County

☆ Trump says on Truth Social that he has been indicted in classified documents investigation
▼ + stars: | 2023-06-08 | by ( Sarah Gray | Taylor Berman | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump is claiming on Truth Social that he has been indicted. Trump claims it is in relation to the DOJ's investigation into the potential mishandling of classified documents. "I have been summoned to appear at the Federal Courthouse in Miami on Tuesday, at 3 PM," Trump wrote on Truth Social. ABC and CNN report the former president has been indicted on 7 charges in relation to the investigation into his mishandling of classified documents. Trump was indicted by New York prosecutors earlier this year over hush money payments paid to the adult entertainer Stormy Daniels.

Persons: Donald Trump, Trump's, Trump, —, Stormy Daniels Organizations: of Justice, Service, Department of, Republican, ABC, CNN, New, DOJ Locations: Miami, United States

☆ No one cares about Mike Pence
▼ + stars: | 2023-06-07 | by ( Taylor Berman | ) www.businessinsider.com time to read: +4 min

Pence hopes to position himself as a more traditional conservative, pushing for family values, fiscal conservatism, and an aggressive military presence abroad. He stuck with Mr. Trump through numerous controversies including the leak of the "Access Hollywood" tape, in which Mr. Trump boasted about grabbing women's genitalia. He vouched for Mr. Trump's character with skeptical evangelicals with whom Mr. Trump ultimately forged his own relationship. Portraying himself as a traditional conservative could also lead to a return to conservative media for Pence. For a time after leaving office as vice president, the Pences were homeless and appeared to be couch-surfing their way through Indiana.

Persons: Pence, —, Mike Pence, Nikki Haley, Vivek Ramaswamy, Donald Trump, Ron DeSantis, McKay Coppins, … It's, Jonathan Swan, Trump, Doug Heye, Simon, Schuster, He's, I'm Organizations: Republican, Trump, Service, GOP, Politics, Florida, Atlantic, New York Times, Ukraine, Mr Locations: U.S, Afghanistan, Indiana

☆ Trump correctly predicted the LIV-PGA Tour merger in 2022: 'If you don't take the money now, you will get nothing after the merger takes place'
▼ + stars: | 2023-06-06 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

The sports world was shocked today LIV Golf and the PGA Tour announced a merger. Trump correctly predicted the merger in the summer of 2022. "Golfers that remain 'loyal' to the very disloyal PGA will pay a big price when the inevitable MERGER with LIV comes," he wrote. Nearly 11 months later, the merger was announced, catching many PGA players — who were not consulted ahead of time as a group — off guard. For his part, Trump took to Truth Social to celebrate the merger, writing: "GREAT NEWS FROM LIV GOLF.

Persons: LIV Golf, Trump, LIV, —, Donald Trump, Phil Mickelson, Eric, Bryson DeChambeau, Dustin Johnson Organizations: PGA Tour, Golfers, Service, Saudi, LIV Golf, PGA, ESPN, Social, Bedminster

☆ CNN CEO Chris Licht apologizes to staff over disastrous Atlantic magazine profile: 'I should not be in the news unless it's taking arrows for you'
▼ + stars: | 2023-06-05 | by ( Taylor Berman | ) www.businessinsider.com time to read: +3 min

CNN CEO Chris Licht has apologized to his staff over a disastrous profile published by The Atlantic on Friday. Three days after The Atlantic published a bombshell profile about him, CNN CEO Chris Licht has apologized to his staff in an editorial call. The Atlantic profile, written by Tim Alberta, described Licht as aloof from staff, in contrast to his well-liked predecessor Jeff Zucker. Puck's Dylan Byers reports Licht told staffers on the call that he will move his office back to the newsroom. Insiders at CNN have also shared their theories on how the article became such an spectacular and ill-timed mess for Licht and CNN.

Persons: Chris Licht, Licht, Brian Stelter, Jake Tapper, Nikki Haley, I've, Tim Alberta, Jeff Zucker, Trump ., Puck's Dylan Byers Organizations: CNN, The Atlantic, Morning, GOP, Trump, CNN's New Locations: Alberta, CNN's, CNN's New York City

☆ NWSL's new Bay FC hope to ride World Cup wave of excitement
▼ + stars: | 2023-06-04 | by ( Nathan Frandino | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, June 3 (Reuters) - The founders behind the new National Women's Soccer League (NWSL) expansion team in California's San Francisco Bay Area believe this year's Women's World Cup will only add to their momentum as they kick off their inaugural season next year. Some of us are going to be calling the World Cup, so to see Bay FC involved in the World Cup and vice versa, it's only going to help build the momentum." Chastain's role at the World Cup is among the most iconic for the U.S. She scored the deciding penalty in 1999, sealing the win against China at the Rose Bowl stadium in Pasadena. Chastain said that holding onto the World Cup excitement this year and bringing it to their games next year will be about making fans feel valued as part of the team. Roughly a third of the U.S.-based league's players are expected to feature, NWSL commissioner Jessica Berman said this week.

Persons: Brandi Chastain, Leslie Osborne, Danielle Slaton, Aly Wagner, Osborne, it's, Chastain, " Chastain, Jessica Berman, Sheryl Sandberg, Tom Bernthal, Rory Carroll, Daniel Wallis Organizations: FRANCISCO, National Women's Soccer League, California's San Francisco Bay Area, FC, U.S, China, Rose, Energy, Thomson Locations: California's San Francisco Bay, U.S, San Francisco, Pasadena, Australia, New Zealand, Los Angeles

☆ Lauren Boebert now says her failure to vote on the debt limit was 'a protest.' But video from that night shows her frantically running up the Capitol steps trying to make it inside in time.
▼ + stars: | 2023-06-04 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Lauren Boebert on Wednesday failed to vote on a major bill that raised the federal debt ceiling. But video from Wednesday shows her frantically trying to make it inside the Capitol on time. A video from a CNN producer on Wednesday night shows the congresswoman frantically running up the steps of the Capitol trying to make it inside before the vote. In her video, Boebert called the Fiscal Responsibility Act of 2023 a "crap sandwich." Watch the video of Boebert trying to rush inside the Capitol the night of the vote below.

Persons: Lauren Boebert, —, didn't, Boebert, Morgan Rimmer, Joe Biden Organizations: Service, CNN, Capitol, Republicans Locations: Colorado

☆ Casey DeSantis wore a leather 'Where Woke Goes to Die' jacket in 85-degree weather in Iowa
▼ + stars: | 2023-06-04 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Ron and Casey DeSantis made an appearance Saturday in Des Moines, where temperatures hit the mid-80s. Casey wore a leather jacket that said "Where Woke Goes to Die" over an illustration of Florida and an alligator. Trump and DeSantis have sparred over the use of the term "woke." "I don't like the term 'woke,' because I hear the term 'woke woke woke' — it's just a term they use. It's no surprise Casey DeSantis would take such a visible role in promoting her husband's message on the campaign trail.

Persons: Ron, Casey DeSantis, Casey, —, Ron DeSantis, Sen, Joni Erst, Donald Trump, DeSantis Organizations: Service, Florida Gov, Saturday, DeSantis, Republican Party, Trump Locations: Des Moines, Florida, Iowa

☆ Little Spain Is All but Gone. Will Our Lady of Guadalupe Be Next?
▼ + stars: | 2023-06-02 | by ( John Freeman Gill | ) www.nytimes.com time to read: +1 min

The Church of Our Lady of Guadalupe, a Catholic house of worship on West 14th Street, is a grandly inventive architectural oddity and the mother of all Hispanic storefront churches in New York City. Manhattan’s first church created for a Spanish-speaking congregation, it was cobbled together out of two adjacent rowhouses in 1902 and 1917. But the seminal Spanish-language church was deconsecrated by the Archdiocese of New York in January, paving the way for its potential sale, alteration or demolition. On May 23, the city Landmarks Preservation Commission designated as a landmark the former Colored School No. 4 on West 17th Street in Chelsea, the last-known “colored” schoolhouse remaining in Manhattan from the city’s segregated 19th-century school system.

Persons: Guadalupe, Andrew Berman, Sarah Carroll Organizations: Our, Archdiocese, Village, Greenwich, Landmarks Preservation Commission, Colored, West Locations: New York City, Manhattan’s, rioja, New York, Chelsea, Manhattan

☆ CNN's new CEO mostly ignored his staff at a holiday party and read critical coverage about himself on his phone instead: report
▼ + stars: | 2023-06-02 | by ( Taylor Berman | ) www.businessinsider.com time to read: +3 min

Angry staffers and low ratings have plagued CNN CEO Chris Licht's first year on the job. At a holiday party, Licht mostly kept to himself and read bad publicity about himself instead of interacting with his staff. That anecdote is from a revealing new profile about Licht in The Atlantic. CNN CEO Chris Licht has been on the job for just over a year. Later in the profile, Licht explained some of his views on diversity to Alberta.

Persons: Chris Licht's, Licht, Chris Licht, Donald Trump, Tim Alberta, Puck, Don Lemon's, Lemon, " Licht Organizations: CNN, Café Milano, Alberta, Harvard Locations: Puck, Alberta

☆ Investing in AI: how to avoid the hype
▼ + stars: | 2023-05-26 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

SummarySummary Companies AI boom brings fresh challenge for investorsAI-themed stocks highly valuedStick with big tech not AI stocks - investorsLONDON, May 26(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. Investors are chasing exposure to generative AI, the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code. Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work. GAM's Hawtin said he has also hunted out companies that provide the "picks and shovels," necessary for enabling new AI technology. Amazon's Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves.

“I remember total silence,” she says. “Even the babies realized this was a special moment.” Then a plane landed, its seats removed to make way for as many passengers as possible. Kanotopsky, who is now 46 and works for the Jewish Agency for Israel, told me her life story a few weeks ago as we sat aboard an Ethiopian Airlines jet flying from Addis Ababa to Tel Aviv. By June, this chapter of aliyah, Jewish immigration to Israel, will end, and this door to Ethiopians will be closed, at least for now. The problem is, there are still anywhere from 9,000 to 12,000 people in Ethiopia who practice Judaism and believe themselves to be Jews — even if the state of Israel believes their familial ties to Judaism are too weak.

☆ 'The story is all about gold.' ETF experts on commodity-based strategies
▼ + stars: | 2023-05-24 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

Rosenbluth said that engagement for precious metal commodity ETFs spiked earlier in May compared with the month prior, according to VettaFi data. "The story is all about gold," Will Rhind, founder and CEO of GraniteShares, said Monday in the same segment. The ongoing banking crisis still looms, higher inflation and a declining dollar are also tail winds for the precious metal, he said. Flows into the SPDR Gold Shares have exceeded $1.14 billion the past month, according to FactSet. The iShares Gold Trust (IAU) and the SPDR Gold MiniShares Trust (GLDM) saw net inflows of $182 million and $222 million, respectfully, in the same period of time.

Persons: Todd Rosenbluth, CNBC's Seema Mody, Rosenbluth, Will Rhind, Rhind, We're, Neuberger Berman Organizations: Trust, MiniShares, Strategy

WASHINGTON, May 18 (Reuters) - Hyundai Motor (005380.KS) and Kia Corp (000270.KS) agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers' vehicles, lawyers for the owners and the automakers said on Thursday. In February, the Korean automakers said they would offer software upgrades to 8.3 million U.S. vehicles without anti-theft immobilizers to help curb increasing car thefts using a method popularized on TikTok and other social media channels. The settlement covers about 9 million U.S. owners and includes up to $145 million for out-of-pocket losses for consumers who had cars stolen, lawyers for the owners said. The consumer settlement covers owners of 2011 through 2022 model year Hyundai or Kia vehicles with a traditional "insert-and-turn" steel key ignition system. Other related expenses including car rental, taxi or other transportation costs not covered by insurance are also included by the settlement.

☆ Kia and Hyundai will pay out millions to people who had their cars stolen in Tik-Tok inspired 'Kia Boys' thefts
▼ + stars: | 2023-05-18 | by ( Chris Panella | Jack Newsham | ) www.businessinsider.com time to read: +3 min

Kia and Hyundai will pay millions to people who had their cars stolen in a Tik-Tok inspired trend. The "Kia Boys" trend involved using a common USB charging cord or metal object to start the car. Kia and Hyundai will pay millions of dollars to people who had their car stolen thanks to a missing antitheft device and a TikTok-inspired trend. It affects owners of certain 2016 to 2021 Hyundai models and certain Kia models made between 2011 and 2021. The spike in theft of the models is partially thanks to a TikTok trend from the "Kia Boyz," which followed people breaking into Kia and Hyundai models only using a screwdriver and a USB cord.

☆ These 18 top Netflix execs are driving its advertising push under head Jeremi Gorman as the company makes its first big TV upfronts pitch
▼ + stars: | 2023-05-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. They are Kinsey Osberg Tamberrino, who is Publicis' main point of contact, and who spent eight years at Hulu, rising to director of advertising sales. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.

☆ Analysis: Erdogan election showing cools Turkish turnaround hopes
▼ + stars: | 2023-05-15 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

LONDON, May 15 (Reuters) - Hopes among investors of a surge in Turkish markets evaporated on Monday after long-standing President Tayyip Erdogan took a commanding position in Turkey's elections. "Hope is dead," Abrdn's head of emerging market local currency debt Kieran Curtis said of the prospects for Erdogan's main challenger Kemal Kilicdaroglu and meaningful policy change. Monday's initial market reaction had seen the Turkish lira dip to 2-month low alongside more pronounced drops in banking shares and hard currency government bonds. "A continuity of policies would argue for low FX volatility," JPMorgan added, as Erdogan's economic team would look to limit the changes and FX volatility. Reuters GraphicsAdditional reporting by Libby George and Karin Strohecker; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Justice Department secures court order blocking Trump deposition in Strzok and Page lawsuits
▼ + stars: | 2023-05-13 | by ( Zoë Richards | ) www.cnbc.com time to read: +3 min

In a win for the Justice Department, a federal judge on Friday blocked a May 24 deposition of former President Donald Trump in connection with a pair lawsuits filed by former FBI officials Peter Strzok and Lisa Page. "The Court is somewhat surprised to learn that since then, the parties have done nothing more than wrangle over the order of the two depositions," Berman Jackson wrote. "The Court's ruling was appropriate in light of all of the facts, including the former President's own public statements concerning his role in the firing of the plaintiff," Berman Jackson wrote. Attorneys for Strzok, Page and Trump did not immediately respond to requests for comment on Friday night. Strzok's lawyers are seeking Trump's deposition to determine whether he met with and directly pressured FBI and Justice Department officials to terminate Strzok or told any White House staff members to do so.

☆ I don't think skittishness in the market is over yet, says Neuberger’s Joe Amato
▼ + stars: | 2023-05-09 | 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 EmailI don't think skittishness in the market is over yet, says Neuberger’s Joe AmatoJoe Amato, President and CIO at Neuberger Berman, joins 'Squawk Box' to explain how the recent banking stresses have created longer-term challenges for the flow of credit, and a medium-term 'trilemma' for central banks.

☆ A.I. enthusiasm is responsible for the bulk of the stock market’s gain this year
▼ + stars: | 2023-05-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Digging deeper into the gains, Nvidia turns up as a big winner. Meta Platforms shares have doubled. If the Fed signals a pause Wednesday and rates fall, the market could see tech stocks rip higher. To be sure, other factors besides for AI have contributed to this year's rally in technology stocks. Jason Tauber, a portfolio manager at Neuberger Berman said AI stocks should start to experience bifurcation from here on out.

☆ We're seeing stricter lending standards for all Americans, says GenTrust's Mimi Duff
▼ + stars: | 2023-05-02 | 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 EmailWe're seeing stricter lending standards for all Americans, says GenTrust's Mimi DuffMimi Duff, GenTrust managing director, and Robert Dishner, Neuberger Berman senior fixed income portfolio manager, join 'Squawk Box' to preview the Fed's two-day policy meeting, and whether developments in the banking sector might influence the Fed's next move.

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