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A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. Arm is also meeting with other potential investors, including Arlington, Virginia-based Sands Capital, in Baltimore on Tuesday, according to people familiar with the matter. T. Rowe Price and Sands Capital did not immediately respond to requests for comment. Arm has signed up many of its major clients as investors in its IPO, including Apple (AAPL.O), Nvidia (NVDA.O), Alphabet (GOOGL.O), Advanced Micro Devices (AMD.O), Intel (INTC.O) and Samsung Electronics (005930.KS). Reporting by Echo Wang and Anirban Sen in New York; Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Rowe Price, Arm, Echo Wang, Anirban Sen, Nick Zieminski Organizations: REUTERS, Arm Holdings, SoftBank Group Corp, Sands Capital, Apple, Nvidia, Devices, Intel, Samsung Electronics, Thomson Locations: Baltimore, Arlington , Virginia, New York

☆ India's G20 presidency risks ringing hollow as Ukraine war dashes hopes of consensus
▼ + stars: | 2023-09-05 | by ( Clement Tan | ) www.cnbc.com time to read: +10 min

US President Joe Biden, right, and Narendra Modi, India's prime minister, at an arrival ceremony during a state visit on the South Lawn of the White House in Washington, DC, US, on Thursday, June 22, 2023. One of the risks is that by elevating India's presidency of the G20 so much, there are now expectations for India to deliver some concrete breakthroughs. Russia-Ukraine impasseIndeed, the specter of Russia's Ukraine invasion has loomed large over G20 meetings for the various tracks that India has convened. He even labeled it the "biggest achievement" of India's G20 presidency so far — despite Russia and China abstaining. This development serves to buttress India's burgeoning economic clout, the basis of its greater confidence and assertiveness geopolitically.

Persons: Joe Biden, Narendra Modi, India's, haven't, Manjari Chatterjee, Modi, Manjari Chatterjee Miller, Vladimir Putin, Xi Jinping, Putin, Pramit Pal Chaudhuri, Chaudhuri, Sergei Lavrov —, Putin —, CFR's Miller, Eurasia Group's Chaudhuri, Subrahmanyam Jaishankar, Sumedha Dasgupta, Biden, Taiwan —, assertiveness, It's, Pravin Krishna Johns Organizations: White, Bloomberg, Getty, Indian, Shanghai Cooperation Organization, Manjari Chatterjee Miller, Foreign, Council, Foreign Relations, CNBC, Global, African Union, UN, Group Russia's, West, Bharatiya Janata Party, BJP, India's, Economist Intelligence Unit, Moscow, . Warming, Apple, Pravin Krishna Johns Hopkins University's School, International Locations: Washington , DC, New Delhi, India, Ukraine, Pakistan, South Asia, Washington ,, Russia, China, Varanasi, Bali, Eurasia, Asia, U.S, . Warming India, Malaysia, Philippines, Vietnam, Taiwan, Beijing

☆ Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
▼ + stars: | 2023-09-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Arjun Kharpal | CNBCMunich, GERMANY — The IAA in Munich, Germany is one of Europe's most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent and challenge incumbents from BMW to Ford in the new era of battery-powered vehicles. But a slowing market at home, due to tepid consumer spending after Covid-19 restrictions were lifted, coupled with an attractive market in Europe, has seen Chinese firms launch cars abroad and expand their footprint. Many of the European carmakers have been seen lagging in their push into EVs at a time when Chinese players have launched dozens of new vehicles. watch nowThe entrance of Chinese firms into Europe is seen as a threat to big automakers who have been perceived to be moving too slow on EVs.

Persons: BYD, Arjun Kharpal, Daniel Roeska, Roeska, Zhu Jiangming, Warren Buffett, Xpeng, Brian Gu, Gu, Bernstein, Tesla, Mercedes, Xpeng's Gu Organizations: CNBC, BMW, Ford, EV, Bernstein Research, Leapmotor, Tesla, IAA Locations: Europe, Munich, Germany, CNBC Munich, GERMANY, China, Hangzhou, Norway, Sweden, Denmark, Netherlands, Guangzhou, EVs

☆ Chinese Cars Star at Munich Auto Show, Underscoring German Economic Woes
▼ + stars: | 2023-09-05 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

For decades, the phrase “Made in Germany” signaled cutting-edge automotive technology and design. And that speed was on display Monday at I.A.A. Mobility, a massive auto show in Munich, with newcomers from China stealing the show. BYD, an all-electric Chinese carmaker that overtook Volkswagen as China’s best-selling brand this year, unveiled a sleek, new sedan and a sport utility vehicle to applause from a packed crowd. “I think the Europeans are just pretty much petrified of how the Chinese will perform in Europe,” said Matthias Schmidt, an independent analyst of the electric-car market based in Berlin.

Persons: Germany ”, ”, Matthias Schmidt Organizations: Mobility, Volkswagen Locations: Germany, China, Munich, Europe, Berlin

☆ AllianceBernstein is using AI on everything from research to operations. Here's how it's helping the $704 billion asset manager save hundreds of thousands of dollars.
▼ + stars: | 2023-09-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how AB uses AI to get an edge, save analysts hours of work, and improve risk management. Seven years ago, the massive money manager AllianceBernstein set out on a mission to transform itself with AI and data science. The move would save AB hundreds of thousands of dollars and help its investors seek an edge with the $704 billion assets they manage. Chin lifted the hood on the asset manager's AI strategy and use cases. For instance, one signal compares regulatory filings for differences in company strategy or management.

Persons: AllianceBernstein, Andrew Chin, Chin, Larry Fink, terminations, It's Organizations: Wall Street, Vanguard, Fidelity Locations: BlackRock

☆ BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
▼ + stars: | 2023-09-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

BMWMUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off rising competition from Chinese players and catch up with U.S. giant Tesla . On Saturday, rival BMW showed off the "Vision Neue Klasse," another electric concept car that highlights the company's EV ambitions. This is the companies' biggest push yet toward a new platform for the electric vehicle era. Tesla commanded 20% of the global EV market in the second quarter, followed by 15% for BYD, according to Counterpoint Research. GTI Concept electric vehicle at the IAA show, and said a production version of the car is scheduled to hit the road in 2027.

Persons: Warren Buffett, BYD, Elon Musk's Tesla, Mercedes, Ola Kallenius, Kallenius, CNBC's Annette Weisbach, Oliver Zipse, CNBC's Arabile, Zipse, Daniel Roeska, Roeska, Tesla Organizations: BMW, IAA, BMW MUNICH, Mercedes, IAA Mobility, Benz, Analysts, Bernstein Research, CNBC, Tesla, BYD, Research, U.S ., EV, Volkswagen Locations: Munich, Germany, Tesla, China

Italian Economy Minister Giancarlo Giorgetti gestures during a confidence vote over the 2023 budget at the lower house of the parliament, in Rome, Italy December 23, 2022. "The government plans to maintain the forecasts of 1% in 2023, but inevitable external variables are radically changing the picture," Giorgetti said, speaking at The European House-Ambrosetti economic forum. The total cost of the so-called Superbonus originally introduced in 2020 is approaching 100 billion euros ($107.73 billion), the source added. With interest rate hikes by the European Central Bank to curb inflation dampening economic activity, Rome's growth target of 1.5% next year is increasingly at risk, economists say. As Italy is preparing a difficult 2024 budget, Giorgetti reiterated the commitment to keeping the deficit on a downward trend, leaving little leeway for stimulus.

Persons: Giancarlo Giorgetti, Remo Casilli, Giorgetti, Giuseppe Fonte, Giancarlo Navach, Giselda Vagnoni, Susan Fenton Organizations: REUTERS, European Central Bank, European Union, Thomson Locations: Rome, Italy, CERNOBBIO, Cernobbio, Ukraine

CNN —Water levels at Lake Titicaca – the highest navigable lake in the world and South America’s largest – are dropping precipitously after an unprecedented winter heat wave. While water levels are known to fluctuate each year, these changes have become more extreme due to the climate crisis. Communities that rely on fishing are struggling as low water levels adds to mounting problems: declining fish stocks due to pollution and overfishing. “It’s going to keep affecting us, there won’t be any more totora, the islands are deteriorating, that’s what worries us,” Charca told CNN. Grinia Avalos, deputy director for climatology with Senamhi, told CNN that these warmer temperatures are expected to continue until at least February 2024.

Persons: ”, Nazario Charca, Anton Petrus, Taylor Ward, Sixto Flores, Raldes, Flores, Claudia Morales, Jullian Huattamarca, Juan Karita, Dina Boluarte, Huattamarca, “, Uros, Sergi Reboredo, Charca, It’s, ” Charca, El, Grinia Avalos, Connor Baker Organizations: CNN, Getty, Reuters, El Nino, Crisis, “ Locations: South America’s, Peru, Bolivia, Puno, AFP, Agriculture, Taquile, Peruvian, Lake Titicaca, South America

☆ The Fed likely won’t raise rates this month — but November is another matter
▼ + stars: | 2023-09-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Last week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that brought rates to their highest level in 22 years. It’s hard to say definitively if or when the central bank will hike interest rates again this year. The Fed could hold rates steady for the rest of the year if both the job market and the broader economy continue to slow, helping bring down inflation. Higher for longer means keeping interest rates elevated for a prolonged period. China’s National Bureau of Statistics releases August inflation data.

Persons: hasn’t, ” Leslie Thompson, Thompson, Jerome Powell, Powell, Susan Collins, Powell’s Jackson, there’s, Raphael Bostic, Olesya Dmitracova, ” Patrick Hummel, David Lesne, Juan Perez, Carrascosa, Barnes & Noble Organizations: CNN Business, Bell, DC CNN, Federal, Financial, Spectrum Wealth Management, CNN, Fed, Kansas City, Boston, Yahoo, Finance, Atlanta Fed, Volkswagen, Renault, UBS, French, Swiss, Barnes &, The Reserve Bank of Australia, US Commerce Department, Eagle, Express, P Global, Institute for Supply Management, Bank of Canada, US Labor Department, Kroger, China’s National Bureau of Statistics Locations: Washington, Jackson Hole , Wyoming, Cape Town , South Africa, Europe

☆ Tesla shows off restyled Model 3 sedan at Beijing trade fair
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Tesla's new Model 3 sedan is seen displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING, Sept 2 (Reuters) - Tesla (TSLA.O) showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries. The U.S. automaker displayed a flame red version of the car - marking the first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020 - at the China International Fair for Trade in Services (CIFTIS). At the fair, Tesla sales staff answered questions from interested buyers. Tesla has also said it will show the new model at the Munich auto show, which opens on Tuesday.

Persons: Florence Lo, Guo, Tesla, Hu, Xiaoyu Yin, Jing Xu, Brenda Goh, Ros Russell Organizations: Fair for Trade, Services, REUTERS, Rights, U.S, Thomson Locations: Beijing, China, Rights BEIJING, United States, Shanghai, Asia, Europe, Munich

☆ Crashed Russian mission left a crater on the moon, NASA images show
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

Luna-25, Russia's first moon mission in 47 years, failed on Aug. 19 when it spun out of control and crashed into the moon, underscoring the post-Soviet decline of a once mighty space programme. The U.S. National Aeronautics and Space Administration's Lunar Reconnaissance Orbiter (LRO) spacecraft imaged a new crater on the surface of the moon that it concluded was the likely the impact site of Russia's Luna 25 mission. "The new crater is about 10 meters in diameter," NASA said. "Since this new crater is close to the Luna-25 estimated impact point, the LRO team concludes it is likely to be from that mission, rather than a natural impactor." After the crash, Moscow said a special inter-departmental commission had been formed to investigate the reasons behind the loss of the Luna-25 craft.

Persons: Russia's Luna, Luna, Russia's, Yuri Gagarin, Guy Faulconbridge Organizations: NASA, Reconnaissance, U.S . National Aeronautics and, Thomson Locations: MOSCOW, Russia's, Moscow, Soviet

☆ Opinion: Remembering ‘Juice,’ the young fighter pilot who embodied the Holy Grail of aviation
▼ + stars: | 2023-09-01 | by ( Opinion Nolan Peterson | ) edition.cnn.com time to read: +11 min

The young Ukrainian pilot known by the call sign "Juice" campaigned for F-16 fighter jets for his country in its battle against Russia. The joking, the nonchalance, the sterile vocabulary — it’s all part of a well-honed fighter pilot culture, which ingrains the mental resilience needed to survive. “Even with our losses, we are still doing our job in this real combat mood, real fighter pilot mood, with crazy jokes. Beyond their fears and sorrows, there is another emotion, unique to war, which Ukrainian fighter pilots must now also control each time they fly. For its part, the US military plans to start training Ukrainian pilots to fly the supersonic fighters this October.

Persons: Nolan Peterson, Read, CNN —, I’ve, Andriy Pilshchikov —, he’d, Juice, I’m, “ We’re, we’ve, “, …, ” Melaniya, wasn’t, —, Tom Wolfe, ’ Nolan Peterson, ” Jonathan “, ” Juice, it’s, ” Podolyak, ” Organizations: Atlantic Council, US Air Force, Fortem Technologies, CNN, Tactical Aviation Brigade, Russia, Garmin, California National Guard, Kyiv, Ukrainian, Twitter, Facebook, US Air National Guard Locations: Ukraine, Kyiv, Ukrainian, Afghanistan, Russian, Kyiv’s outskirts, ” Jonathan “ Jersey, Soviet, Netherlands, Denmark, Norway, California

Excluding volatile food and energy components, the core PCE price index rose 4.2% in July, year-on-year, also in line with estimates. Salesforce (CRM.N) rallied following upbeat revenue forecasts from the cloud-based software provider as it benefits from price hikes and a resilient demand. The data follows smaller-than-expected growth in private payrolls on Wednesday that signaled a softening labor market and drove the S&P 500 to a three-week closing high. All three main indexes posted losses for August, with the S&P 500 and Nasdaq logging their first monthly declines since February. Reuters GraphicsUnofficially, the S&P 500 declined 0.16% to end the session at 4,507.54 points.

Persons: Brendan McDermid, Salesforce, Jake Dollarhide, Shristi Achar, Noel Randewich, Vinay Dwivedi, Richard Chang Organizations: New York Stock Exchange, REUTERS, Nasdaq, Commerce Department, Traders, Investors, Longbow, Management, Labor Department, Reuters Graphics, Dow Jones, Baidu, Thomson Locations: New York City, U.S, Tulsa , Oklahoma, payrolls, Dismal, China, Bengaluru, Oakland , California

In a memo to staff Ermotti said that 3,000 Swiss jobs would go, while more people would leave of their own accord, for example, through retirement. With a market value of 77 billion Swiss francs, UBS also struck an optimistic note about its short-term outlook. With Credit Suisse in Switzerland intact and independent, as some politicians had hoped, fewer jobs would have been hit. [1/2]Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Reuters GraphicsThe bumper profit results from a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value.

Persons: Ermotti, Sergio Ermotti, Denis Balibouse, Jefferies, Brenna Hughes, John O'Donnell, Noele, Edwina Gibbs, Tomasz Janowski, Alexander Smith Organizations: UBS, Credit Suisse Swiss, Credit Suisse, UBS grapples, REUTERS, Swiss Bank Employees Association, Analysts, Deutsche Bank, Reuters, Credit, Thomson Locations: Switzerland, ZURICH, Swiss, Zurich Switzerland, Zurich, London

☆ UBS to cut 3000 Swiss jobs as it slashes costs by $10 bln
▼ + stars: | 2023-08-31 | by ( Noele Illien | ) www.reuters.com time to read: +3 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. UBS also announced it would be keeping Credit Suisse's domestic bank - and the ensuing job losses are expected to result in a backlash in Switzerland. Hanging on to existing Credit Suisse clients is seen as key if UBS is to successfully pull off the Herculean deal. Groupwide UBS results include just one month of Credit Suisse earnings as the deal only closed in June. The bumper profit is due to a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value.

Persons: Denis Balibouse, Ermotti, Sergio Ermotti, Noele Illien, John O'Donnell, Edwina Gibbs Organizations: Credit Suisse, UBS, REUTERS, Suisse, Thomson Locations: Zurich Switzerland, Switzerland, ZURICH, Swiss

☆ Singapore braces for 'partisan' vote for president, guardian of its vast reserves
▼ + stars: | 2023-08-30 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Presidential candidate Tan Kin Lian (left) waves as he arrives at the nomination center for the presidential election in Singapore on August 22, 2023. Song is standing in the city-state's 2023 presidential election. Presidential candidate Tharman Shanmugaratnam waves to his supporters at the nomination center for the upcoming presidential election in Singapore on Aug. 22, 2023. Xinhua News Agency | Xinhua News Agency | Getty ImagesThe full scale of Singapore's reserves is not publicly available, though public information of some institutions charged with investing its reserves offer a glimpse into the size of the reserves. Local independent news outlet Jom estimated that only 0.044% of Singaporean adults qualify to run as Singapore president.

Persons: —, incorruptibility, Eugene Tan, Tan Kin Lian, Roslan Rahman, Tan, Ng Kok, Lee Kuan Yew, Tharman, Ng, Shanmugaratnam, Tan Meng, Singapore's, Lee Kuan, Kevin Tan, Cherian, Halimah Yacob —, Cherian George, who's Organizations: Getty, SINGAPORE, Observers, Singapore Management University, NTUC, Afp, Monetary Fund, Party, CNBC, Bloomberg, Presidential Advisors, Xinhua News Agency, Temasek, Singapore, Monetary Authority of, Cherian George National University of Singapore, Hong Kong Baptist University, Malay, National University of Singapore, Hong, Hong Kong Baptist University's School of Communication Locations: Singapore's Marina Bay, Singapore, State, Monetary Authority of Singapore, Hong, Hong Kong

The two cases, stemming from the efforts of Mr. Trump and his allies to overturn the results of the 2020 election, rely on many of the same facts, documents and witnesses. But as Monday’s court skirmishes demonstrated, the approaches of the two prosecutors in charge of the investigations — Jack Smith, the Justice Department’s special counsel, and Fani T. Willis, the district attorney in Fulton County — could not be more different. Mr. Smith took over the two federal Trump investigations with a promise to move rapidly in hopes of wrapping up legal proceedings before the 2024 election, and the indictment handed down against Mr. Trump on Aug. 1 included just four counts. While it referred to six unindicted co-conspirators, only Mr. Trump was charged. By contrast, the indictment brought by Ms. Willis includes 41 counts against the former president and encompassed allegations against his long roster of co-defendants.

Persons: Donald J, Trump, Jack Smith, Willis, Smith, Mark Meadows, Trump’s Organizations: Trump, Mr, White House Locations: Washington, Fulton County ,, Atlanta, Fulton County, Georgia

☆ How the War in Ukraine Turned Tennis Into a Battlefield
▼ + stars: | 2023-08-29 | by ( Michael Steinberger | ) www.nytimes.com time to read: +4 min

She asked about the situation in Ukraine and how much money Svitolina had raised for relief efforts. The Russians had just ramped up their attacks on Odesa, and I asked Svitolina about her grandmother. “I was super happy that kids in Ukraine could watch and get inspired,” she said. The foundation was sponsoring several junior tennis tournaments in Ukraine later in the summer. “I cannot even imagine how hard it is for the kids,” Svitolina said.

Persons: Elina, ”, ” Kachanov, Svitolina, Venus Williams, Billie Jean King, ” King, King, Dasha Kasatkina, Alex Karp, Margaret Brennan, ” Svitolina, “, Anna Popovchenko Organizations: All England Club, Wimbledon, Court, Palantir Technologies, Atlantic Council, CBS Locations: Kharkiv, Britain, London, Ukraine, Washington, Ukrainian, Kyiv

A cameraman films wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24, 2023. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Marina, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Anton Vaganov, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: Police, REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

☆ Opinion: Why Trump’s January 6 defense is even worse than it seems
▼ + stars: | 2023-08-28 | by ( Anna Lee | Opinion Steven Lubet | ) edition.cnn.com time to read: +8 min

Given that, Trump’s lawyers may well advise him to stay off the witness stand and avoid the risks of cross examination — but demure silence is hardly in his nature. In Trump’s cross examination, however, the prosecutors would be able to confront him with his false statements one after another, seamlessly telling their entire story of Trump’s duplicity in his own words. The lawyers, some of whom have been identified as unindicted co-conspirators, could assert the Fifth Amendment for themselves, but that would just undermine Trump’s defense. Even assuming there are still employees willing to stand by him, however, Trump’s cronies would not exactly be the most convincing witnesses. Although there would be a hearsay exception for statements showing Trump’s “state of mind,” that would only allow the witnesses to testify to Trump’s actual words.

Persons: Steven Lubet, Williams, Donald Trump, Trump, ” Steven Lubet Randy Belice, John Lauro, “, ”, general’s, Mike Pence’s, Jean Carroll’s, Lauro, —, John Eastman, Rudy Giuliani, Mike Pence, confidentially, Trump’s Organizations: Northwestern University Pritzker School of Law, CNN, NBC, New, NPR, Twitter, Facebook, White House, Trump Locations: Washington, United States, Northwestern, New York, Georgia, Trump’s “

☆ Hearings Set for Monday in Two Election Cases Against Trump
▼ + stars: | 2023-08-28 | by ( Alan Feuer | More About Alan Feuer | ) www.nytimes.com time to read: +1 min

By the end of Monday, another piece could be put in place in the complicated jigsaw puzzle of the four criminal cases facing former President Donald J. Trump: A date could be chosen for Mr. Trump’s federal trial on charges of seeking to overturn the 2020 election. At a hearing scheduled for Monday morning in Federal District Court in Washington, Judge Tanya S. Chutkan is set to consider — and may select — the date of the trial. As Judge Chutkan considers the arguments, another legal proceeding related to Mr. Trump will be playing out on Monday in federal court in Atlanta, underscoring the complexity of bringing the charges against him to trial. Fani T. Willis, the district attorney in Fulton County, Ga., recently proposed starting a trial in her case against Mr. Trump, on charges of tampering with the 2020 election in that state, in March. But that date remains somewhat uncertain not only because of the jockeying among prosecutors over the timing of the different cases, but also because some of Mr. Trump’s 18 co-defendants in the case have asked for the trial to start as early as this fall while others want to slow things down.

Persons: Donald J, Tanya S, Judge Chutkan, Trump, Fani, Willis, Trump’s Organizations: Trump, Mr, Court Locations: Washington, Atlanta, Fulton County ,

CNN —The White gunman who killed three Black people in a racist attack at a Dollar General store in Jacksonville, Florida, on Saturday legally purchased two firearms earlier this year, Jacksonville Sheriff T.K. The gunman, identified as 21-year-old Ryan Christopher Palmeter, bought a handgun in April and an AR-15-style rifle in June, the sheriff said. Jacksonville Sheriff's OfficeThe gunman used racial slurs, left behind a racist screed and drew swastikas on his firearm, authorities said. The encounter was reported to the Jacksonville Sheriff’s Office by EWU security,” the school said. Jacksonville Sheriff's OfficePhotos of the weapons the gunman had were shown by authorities, including one firearm with swastikas drawn on it.

Persons: Waters, Ryan Christopher Palmeter, ”, Palmeter, Angela Michelle Carr, Anolt Joseph “ AJ ” Laguerre, Jerrald Gallion, Sheriff Waters, Kia, Carr, Laguerre, Gallion, texted, Black, ” Waters, “, They’re, Baker, Jacksonville Mayor Donna Deegan, Ron DeSantis, ” DeSantis, Joe Biden, ” Biden Organizations: CNN, Jacksonville Sheriff T.K, Dollar, Justice, Jacksonville Sheriff's, Edward Waters University, Jacksonville, Madden, University police, University, WJXT, Authorities, Kia, Jacksonville Mayor, Florida Gov, NAACP Locations: Jacksonville , Florida, Orange, Jacksonville, Washington, Massachusetts, Oklahoma, Clay County, Duval County, Florida, America

☆ Federal Reserve Chair Jerome Powell hints at more bad news for consumers
▼ + stars: | 2023-08-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday. “Additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy,” Powell said. “So what does that mean for monetary policy? The Fed chair said higher interest rates are likely pulling on the economy’s reins, implying that r* might not be structurally higher, though he said it’s an unobservable concept. But we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint,” Powell said.

Persons: Jerome Powell, Powell, ” Powell, ” William English, Jason Furman, ” Organizations: DC CNN, Kansas City, Fed, Financial, Atlanta Fed, National Federation of Independent, Yale University, Fed’s, Governors, CNN, Commerce Department, Index, Harvard Locations: Washington, Jackson Hole , Wyoming

In Des Moines, school bus drivers received medical aid at the end of sweltering shifts. A marching band instructor outfitted students with water backpacks to prevent them from passing out from the heat — at 7:30 a.m. The scorching temperatures and high humidity that dogged millions of Americans from the upper Midwest to the Southeast added to the challenges of the first days of the new school year. It was a stark reminder, education experts and parents said, of the urgent need to make schools more resilient to climate change. “As the climate continues to change and warm, we have to modernize school buildings or we are putting students in danger.”

Persons: ”, Karen White Organizations: National Education Association, “ Locations: Des Moines, Chicago, Midwest

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