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Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. AdvertisementUS stocks rallied on Thursday, fueled by China stimulus measures and positive jobs data to pare losses from yesterday. The indexes rallied after leaders in China pledged to support the economy with more strong policy measures. The indexes' gains were also fueled by positive labor market data. Meanwhile, second-quarter GDP came in unrevised at a 3% annualized rate, according to data released Thursday.
Persons: , Eric Jackson, SocGen Organizations: Service, Labor Department, Federal Reserve Locations: China, unrevised
CNN —New York City Mayor Eric Adams, the rank-and-file transit cop who rose to the city’s most powerful office, is no longer the master of his political destiny. President Joe Biden, asked at the White House on Thursday if Adams should resign, said, “I don’t know.”What will Jeffries do? “We need Eric Adams to be successful as mayor because he is the mayor at this moment in time,” Jeffries said. “No one is above the law, including the Mayor of New York City,” Schumer said in a statement. “This is squarely about Mayor Adams’ ability to govern New York City, and for the New York City governance to be fully staffed to serve the people of New York City,” Ocasio-Cortez told reporters Wednesday afternoon on Capitol Hill before news of the indictment broke.
Persons: Eric Adams, Adams, brazenly, , , Damian Williams, ” Williams, , ” Adams, Adams ’, Ingrid Lewis, Martin, Frank Carone, Carone, Jumaane Williams, ” Carone, “ It’s Eric Adams, Kathy Hochul, Hochul, Joe Biden, Jeffries, Hakeem Jeffries, ” Jeffries, Hakeem, Laura Gillen, Anthony D’Esposito, you’re, you’ve, ” Gillen, Chuck Schumer, ” Schumer, Scott Stringer, Brad Lander, Sen, Zellnor Myrie, ” Myrie, ” Stringer, ” Lander, Alexandria Ocasio, Cortez, Mayor Adams, ” Ocasio, Bob Holden, Adams ’ White, ” Holden, Chris Banks, ” Banks, Julia Salazar, Gustavo Rivera, Jabari, Phara Souffrant Forrest, Emily Gallagher, Brooklyn, Tiffany Caban, Alexa Aviles, Sandy Nurse, Chi Osse, ” Councilwoman Vickie Paladino, Andrew Cuomo, Cuomo, “ Cuomo, “ He’s, ” Cuomo, Rich Azzopardi, hasn’t, CNN’s Gloria Pazmino Organizations: CNN, New, New York City, Democratic, New York Times, Southern, of, Gracie, White, Brooklyn Democrat, Republicans, New York Democratic, New York, Republican, Washington D.C, Yorkers, Rep, Queens, State Locations: New York, New, of New York, , Brooklyn, Washington, South Shore, New York City, Alexandria, City, Queens, Holden’s, Brownsville, East New York, Sens
NYC Mayor Eric Adams isn't messing around defending himself against a federal indictment. The mayor has hired high-powered attorney and Elon Musk favorite, Alex Spiro, Bloomberg reported. Adams was indicted this week on charges related to bribery, fraud, and conspiracy. Go to newsletter preferences Thanks for signing up! AdvertisementNew York City Mayor Eric Adams is reportedly turning to one high-profile person to help fight his recent indictment: Elon Musk's favorite lawyer.
Persons: Eric Adams isn't, Elon Musk, Alex Spiro, Adams, , Eric Adams, Elon Musk's Organizations: Bloomberg, Service, York City, NYPD, Business Locations: York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a 24-year-old bought a $750,000 house with her brotherSharon Kim, 24, saw her homeownership dreams come true in early 2024. She partnered with her older brother and his wife to purchase a $750,000 home in New York. Here's how they did it. 08:39 2 hours ago
Persons: Sharon Kim Locations: New York
CNN —Federal prosecutors say New York City Mayor Eric Adams engaged in a “long-running conspiracy,” accepting luxury travel and gifts from foreign businesspeople and at least one Turkish government official. Adams, who’s been indicted on five federal public corruption charges, has denied wrongdoing and says he is being targeted because of his positions. Federal agents search Gracie Mansion, the official residence of the mayor of New York City, on September 26, 2024, after Mayor Eric Adams was indicted on federal criminal charges. That Adams, a Democrat, has been charged by prosecutors in the Southern District of New York on corruption charges does not, on its own, disprove Trump’s point. Adams remains defiant in the face of the charges, but they are clearly having an effect on New York politics.
Persons: Eric Adams, Adams, who’s, , , Gracie, Timothy A, Clary, Donald Trump’s, Trump, Sen, Bob Menendez, Trump’s, Menendez, Stormy Daniels, Attorney Alvin Bragg, Jack Smith, General Merrick Garland, Smith, George Santos, Santos, Elie Honig, Honig, Sheldon Silver, Dean Skelos, ” Honig, Alexandria Ocasio, Kathy Hochul Organizations: CNN, New York City, Getty, White, Department of Justice, DOJ, Democrat, of, New, New Jersey Democrat, Manhattan, Attorney, Trump, Republican, CNN The Southern, of New York, New York State Assembly, New York State Senate, Key New York Democrats, New York Gov Locations: New York, New York City, AFP, Southern, of New York, New Jersey, Florida, Washington , DC, York, Manhattan, Lower Manhattan, of New, New, Alexandria, Cortez
Eric Adams spent two nights at the St. Regis Istanbul in the summer of 2017, prosecutors said. He paid $600 for the hotel's Bentley suite instead of its true worth, about $7,000, they said. A page from the indictment showing the Bentley Suite, where feds say Adams stayed at a big discount. One of these perks was the 2017 stay in the St. Regis' Bentley Suite. Take a look inside the Bentley hotel suite where prosecutors say he stayed in 2017 at a major discount.
Persons: Eric Adams, , Adams, Regis, Bentley Organizations: Regis, Service, Bentley, Turkish Airlines, Prosecutors Locations: Regis Istanbul, New York City, Regis, Istanbul, St, New York, Turkey
CNN —Former first lady Melania Trump reflected on her experience of the two assassination attempts on her husband’s life, including the moments she learned of both incidents, while again raising questions about the details of the July shooting at a campaign rally in Butler, Pennsylvania. Melania Trump also recounted to Fox News the moments she learned about both assassination attempts – from watching TV while in a different city from her husband. Because when you see him on the floor, and you don’t know, you don’t know what really happened,” she said, referring to the Butler shooting. “I think both of the events, they were really miracles, if you really think about it, the July 13 (incident) was a miracle. I think he’s – it’s almost like, the country really needs him.”The former first lady’s forthcoming memoir, titled “Melania,” is set to hit shelves in October, according to Skyhorse Publishing.
Persons: Melania Trump, , , Butler, Donald Trump, Corey Comperatore, Trump, CNN’s Eric Bradner, Piper Hudspeth Blackburn Organizations: CNN, Fox News, Service, Skyhorse Publishing, White Locations: Butler , Pennsylvania, Butler, New York City, West Palm Beach , Florida
[The stream is slated to start at 11:30 a.m. Please refresh the page if you do not see a player above at that time.] Federal prosecutors are expected to announce public corruption charges against New York City Mayor Eric Adams Thursday in a press conference in lower Manhattan. Adams has been indicted on criminal charges related to contributions to the Democrat's 2021 mayoral campaign. Damian Williams, U.S. Attorney for the Southern District of New York, James Dennehy, FBI New York Assistant Director in Charge, and Jocelyn E. Strauber, Department of Investigation Commissioner, will deliver remarks at the press conference.
Persons: Eric Adams, Adams, Gracie, Damian Williams, James Dennehy, Jocelyn E Organizations: New York City, FBI, Attorney, Southern, of, York, Department of Investigation Locations: Manhattan, U.S, of New York
A grand jury has indicted New York City Mayor Eric Adams on 5 criminal counts in a corruption probe. Prosecutors accuse Adams of soliciting bribes from wealthy foreign businesspeople. He has been hit with charges of bribery and receiving illegal campaign contributions from foreign nationals. AdvertisementA grand jury has indicted New York City Mayor Eric Adams on five criminal counts in a federal corruption probe. The retired captain of the New York Police Department is the first sitting mayor of New York City to be indicted while in office.
Persons: Eric Adams, Adams, Organizations: New, New York City, Service, New York Police Department, Business Locations: New York, New York City
Eric Adams told a staffer he "always" deleted messages after discussing alleged bribes. Prosecutors included some of the messages in the new indictment against the NYC mayor. Go to newsletter preferences Thanks for signing up! AdvertisementNew York City Mayor Eric Adams promised to "always" delete messages exchanged with one of his staffers who arranged Turkish government-funded trips, according to the indictment against him unsealed Thursday. "To be o[n the] safe side Please Delete all messages you send me," the Adams staffer wrote in a message to Adams, according to the indictment.
Persons: Eric Adams, Adams, Organizations: NYC, Service, York City, Prosecutors, Business Locations: York, Turkish
In September 2023, NYC Mayor Eric Adams gave hip-hop mogul Sean "Diddy" Combs a key to the city. Both Adams and Combs were charged with crimes in September 2024. Go to newsletter preferences Thanks for signing up! AdvertisementAbout a year ago, New York Mayor Eric Adams gave Sean Combs, the music mogul known as Diddy, a key to the city. During a ceremony in Times Square, Adams handed Diddy the key, a symbol of recognition for New Yorkers who have achieved remarkable success.
Persons: Eric Adams, Sean, Diddy, Combs, Adams, they're, , Sean Combs Organizations: Service, New, Catholic, Business Locations: New York, Harlem, Bronx
New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.
Persons: Eric Adams, , Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York
New York City Mayor Eric Adams speaks during a press conference at the City Hall, after it was revealed that he received a fresh round of federal grand jury subpoenas, New York City, U.S., August 16, 2024. New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, a source familiar with the matter told CNBC on Wednesday night. The indictment, which remains sealed for now, at least in part accuses Adams of criminal conduct related to donations to his 2021 mayoral campaign. Adams, a 64-year-old former police captain, is at least the second New York mayor to be criminally charged while still in office. If Adams resigns before his first term in office ends, he would be replaced by New York City Public Advocate Jumaane Williams as acting mayor.
Persons: Eric Adams, Adams, Alexandria Ocasio, Cortez, Jumaane Williams Organizations: York City, City, New York City, CNBC, city's Campaign, Program, New York, New York Police Department, Manhattan U.S, Attorney's, New York Times, City Hall, Police Department, Brooklyn Borough, FBI, Public Locations: York, New York City, U.S, New York, Manhattan, Turkey, Israel, China, Qatar, South Korea, Uzbekistan, New, Alexandria, Cortez
New York City Mayor Eric Adams has been indicted on on bribery and conspiracy charges. Adams is the first sitting NYC mayor to be charged in a criminal indictment. Go to newsletter preferences Thanks for signing up! AdvertisementA federal grand jury in Manhattan has indicted New York City Mayor Eric Adams on bribery and conspiracy charges. The charges were detailed in a 57-page indictment unsealed Thursday, accusing Adams of soliciting bribes from foreign businesspeople, including a Turkish government official, to fuel his political campaigns.
Persons: Eric Adams, Adams, , ADAMS —, New York City — Organizations: York City, Service, New, New York City, Turkish, Mayor, Business Locations: York, Manhattan, New York, New York City
Eric Adams took perks and donations from the Turkish government for years, prosecutors say. "It is very expensive because it is last minute," the airline manager texted the Adams staffer, according to the indictment. AdvertisementThe Adams staffer pushed the manager to charge a more realistic-sounding price, prosecutors say. The Adams staffer asked for "$1,000 or so," noting that Adams' "every step is being watched right now." The Turkish Airlines manager also offered to set up Adams in the Four Seasons, which the Adams staffer deemed "too expensive."
Persons: Eric Adams, wasn't, Adams, , Damian Williams Organizations: Service, Turkish Airlines, Prosecutors, Turkish, United Nations, Cosmopolitan Suite, Regis Locations: Turkish, New York City, Turkey, Istanbul, Manhattan, Regis Istanbul, New York, France
The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major 2020 election defamation lawsuit Thursday in a last-minute agreement to avoid a high-stakes trial. But in the run-up to the trial, Smartmatic’s hand weakened significantly, further raising the possibility of a settlement. Smartmatic has claimed that the lies promoted by Newsmax, Fox News, and other Trump allies destroyed its reputation and cost the company billions of dollars. However, as the Newsmax trial approached, Smartmatic’s lawyers reduced the company’s damages claim to approximately $370 million, according to statements in court. It often makes sense to settle rather than pay the expenses of a trial and possible appeals.”The settlement is the latest in a string of 2020 election defamation cases to reach an out-of-court agreement before trial.
Persons: Smartmatic, Newsmax, Erik Connolly, ” Connolly, “ Smartmatic, Donald Trump, ” Howard Cooper, Trump, Eric Davis, , Eric Robinson Organizations: Trump, Smartmatic, Newsmax, Fox News, University of South, Dominion, Systems, News, Fox Corporation, Fox Locations: Wilmington , Delaware, . Delaware, , University of South Carolina
Sharon Kim partnered with her oldest brother and his wife to purchase a home in the suburbs of New York City for around $750,000. Mickey Todiwala | CNBC Make ItKim and her brother weren't very close growing up, thanks to a seven-year age gap. Mickey Todiwala | CNBC Make ItThe increased down payment gave them the leverage they needed. Kim, her brother and his wife decided to complete the majority of renovations to the home themselves to cut down on costs. Mickey Todiwala | CNBC Make ItKim estimates they've spent around $40,000 on renovations so far.
Persons: Sharon Kim, Mickey Todiwala, Kim, weren't, homeownership, they've Organizations: CNBC, Parsons School of Design, YouTube, Parsons, Spotify, Amazon Prime, Apple Locations: New York City, Manhattan, Queens, New Jersey, South Korea
Federal prosecutors have honed in on ties between New York City Mayor Eric Adams and little-known Turkish businessman Enver Yucel, CNBC has learned from the indictment and other public records, including campaign finance documents. A federal indictment unsealed on Thursday describes a 2021 campaign fundraising scheme involving Adams, his team and a person only identified in the indictment as "Businessman-1." An August 2015 letter from New York's conflict of interest board approving the travel, lists Bahcesehir as the only university helping pay for the trip. The City reported that Adams met with Yucel in December 2015 as part of his second trip that year to the country. A spokesman for Adams referred CNBC to his personal attorneys who did not return requests for comment.
Persons: Eric Adams, Enver Yucel, Adams, Yucel Organizations: New York City, CNBC, Bahcesehir University, Bay Atlantic University, The City, Yucel Locations: New, Turkish, Turkey, Washington ,, Brooklyn, The
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Washington CNN —Jury selection is set to begin Thursday in a closely watched defamation trial pitting voting technology company Smartmatic against the right-wing cable network Newsmax, in a high-stakes case over the airing of false 2020 election claims. The Newsmax case revolves around the same false claims, championed by former President Donald Trump and his Republican allies, that the 2020 election was rigged by Smartmatic software and others. The Florida-based company sued Newsmax and other right-wing outlets and figures in 2021, alleging that its reputation was destroyed by the lies. The Newsmax case will test the legal limits of publishing lies about the 2020 election, and the trial will play out during the final stretch of the 2024 campaign. ‘Dozens’ of defamatory reportsAfter mainstream news outlets – and even Fox News – projected that Democratic nominee Joe Biden would win the 2020 election, Trump and his surrogates falsely claimed that he won.
Persons: Donald Trump, Newsmax, , , ” Howard Cooper, Eric Davis, Davis, it’s, Katie Townsend, Smartmatic, Joe Biden, Trump, Chris Ruddy, Biden, wasn’t, Sidney Powell, ” Sidney Powell, Rudy Giuliani, Sarah Silbiger, Greg Kelly, Powell, Chris Salcedo, Smartmatic “, John Bachman, Smartmatic’s, Bachman, Liz Harrington, Ruddy, Kelly, Salcedo, Eric Robinson, ” Newsmax, Bill Daddi, ” Smartmatic’s, Erik Connolly, “ …, Bob Sellers, Emerald Robinson Organizations: Washington CNN, Delaware Superior Court, Fox News, Voting Systems, Republican, Trump, Freedom, Press, Fox, Democratic, The Washington Post, Republican National Committee, , Newsmax, University of South, Electoral College ” Locations: Delaware Superior, The Florida, Wilmington , Delaware, New York, Los Angeles County, University of South Carolina, Philippines, Venezuela
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEric Adams indictment unsealed: New York mayor charged in campaign contribution schemeCNBC's Eamon Javers joins 'Squawk on the Street' to report the latest on New York City Mayor Eric Adams' indictment on bribery and fraud charges
Persons: Eric Adams, Eamon Javers Organizations: New York City Locations: New York, New
Here Are the Charges Eric Adams Faces, AnnotatedFederal prosecutors in Manhattan on Thursday unveiled a five-count indictment against Mayor Eric L. Adams of New York, charging him with bribery conspiracy, fraud and soliciting illegal foreign campaign donations. 1 count Wire fraud Related to accusations that Adams fraudulently accepted public matching funds for his campaign by improperly certifying contributions that were made via “straw donors,” concealing the true sources of the donations. 2 counts Solicitation of a contribution by a foreign national Related to accusations that Adams solicited and received improper campaign contributions through foreign citizens. 1 count Bribery Related to accusations that Adams solicited free and heavily discounted foreign luxury travel in exchange for helping to obtain approval by Fire Department officials of a new Turkish Consulate. Mr. Adams, who is up for re-election in 2025, insisted he was innocent in the case, which is led by U.S. Attorney Damian Williams of the Southern District of New York.
Persons: Eric Adams, Eric L, Adams, Damian Williams Organizations: Turkish Consulate, Fire Department, U.S, Southern, of, New York Times Locations: Manhattan, New York, Turkish, New York City, of New York
Micron's growth prospect is really driven by the AI demand: CIO
  + stars: | 2024-09-26 | 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 EmailMicron's growth prospect is really driven by the AI demand: CIOEric Ross from Cascend Securities says the future growth of AI will be lumpy rather than stable as only a handful of companies are able to make the hefty investment in AI.
Persons: Eric Ross Organizations: Cascend Securities
CNN —A New Mexico judge on Thursday is set to consider the “Rust” movie armorer’s motion to be released from prison, months after similar charges against actor Alec Baldwin were dismissed due to prosecutorial misconduct. At her trial, prosecutors argued she repeatedly violated safety protocol and was negligent in performing her duties, allowing six live rounds on to the set. Her defense attorney argued she was scapegoated for the safety failures of film set management and other crew members. But just days after his trial began, Judge Mary Marlowe Sommer threw out the charges and ruled prosecutors did not properly turn over evidence to the defense. The judge called the withholding of evidence “intentional and deliberate” and dismissed the case with prejudice, meaning it cannot be brought again.
Persons: Alec Baldwin, Hannah Gutierrez Reed, ” Gutierrez Reed’s, Kari Morrissey, , Gutierrez Reed’s, Halyna Hutchins, Baldwin, Hutchins, Brandon Lee, Gutierrez Reed, armorer, Mary Marlowe Sommer, Alex Spiro, David Halls Organizations: CNN Locations: New Mexico
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