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☆ A New York man was unwittingly scammed out of his childhood home. For 12 years, he fought to regain control. He's now facing eviction: 'I want my house back'
▼ + stars: | 2022-10-04 | by ( Molly Grace | Yelena Dzhanova | ) www.businessinsider.com time to read: +7 min

Since he was a child, the home was a site of cookouts and family gatherings, Jackson told Insider. Since he was a child, the home was the site of cookouts and family gatherings, Jackson told Insider. That's when he drove out to his local district attorney's office. He told the Nassau County district attorney's office what happened, and the office referred it to the US Attorney's Office, his lawyers told Insider. When reached for comment, a spokesperson for the Nassau County district attorney's office said records prior to 2011 have been destroyed.

☆ Here's how advisors are helping clients slash their 2022 tax bill
▼ + stars: | 2022-10-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

However, lower account balances may provide two opportunities: the chance to buy more shares for the same dollar amount and possible tax savings, depending on how much you transfer. And the tax savings may be compounded for investors during lower earning years, experts say. We regularly discuss Roth conversions for retired clients who haven't started taking Social Security yet because their incomes are temporarily low. "By doing a Roth conversion this year, she'll be able to turn a hard situation into massive tax savings," he said. But depending on your taxable income, you may also benefit from a lesser-known move known as "tax gain harvesting."

☆ Los Angeles wholesale gasoline hits new high on refinery outages
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Phillips 66's (PSX.N) 139,000 barrel-per-day (bpd) Los Angeles-area refinery in Wilmington, California, began an overhaul after a Sept. 16 fire on a reformer. On Sept. 11, Chevron Corp (CVX.N) reported an equipment failure at its 245,271 bpd San Francisco-area refinery in Richmond, California. Marathon Petroleum (MPC.N) shut a unit in planned flaring between Sept. 3 and 9 at its 383,000 bpd Carson, California, refinery in the Los Angeles area. Los Angeles market gasoline for delivery later in October was lower, pointing to some refinery production returning within a few weeks, traders said. November CARBOB sold in Los Angeles at 50 cent and 57 cents a gallon over December NYMEX RBOB.

☆ Twitter lawyer tells court Musk has not backed up claims of fake accounts
▼ + stars: | 2022-09-27 | by ( Tom Hals | Thomson Reuters | Award-Winning Reporter With More Than Two Decades Of Experience In International News | ) www.reuters.com time to read: +2 min

Documents obtained from two data scientists employed by Musk showed they estimated in early July that the number of fake accounts on the platform at 5.3% and 11%, the Twitter lawyer told a Delaware judge. "None of these analyses so far as we can tell remotely supported what Mr. Musk told Twitter and told the world in the termination letter," said the lawyer, Bradley Wilson. Musk and Twitter are locked in a court fight and Twitter is seeking an order directing Musk to close the deal at $54.20 per share. They are scheduled to go trial starting Oct. 17 in Wilmington, in Delaware's Court of Chancery. On July 8 Musk said the actual figure was "wildly higher" and that Twitter had misled him, allowing him to walk away without penalty from the deal.

☆ Analysis: Gaffe or insight? Deciphering Biden's unguarded answers
▼ + stars: | 2022-09-27 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

U.S. President Joe Biden speaks to reporters as he departs for Boston from Joint Base Andrews in Maryland, U.S., September 12, 2022. U.S. President Joe Biden's tendency to ad-lib in impromptu press situations is often referred to in Washington as his "gaffe" problem. After Biden spoke on defending Taiwan in a CBS News "60 Minutes" interview this month, officials quickly said that U.S. policy towards Taiwan is unchanged. His apparent willingness to commit U.S. forces to a battle in Taiwan clears up a long-standing disconnect in U.S. policy towards Taiwan. While Biden's off-the-cuff remarks sometimes reveal deeper truths about his policy or opinions, other times they are simply misleading.

Twitter logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Musk's deposition is expected to be a key part of the litigation. read moreTwitter's attorneys are expected to try to show that Musk abandoned the deal due to falling financial markets. Twitter wants McCormick to order Musk to close the deal at the agreed price of $54.20 per share. The billionaire is seeking a ruling that Twitter violated the deal agreement by withholding critical information about users, allowing Musk to walk away without penalty.

☆ Appeals court stops short of declaring Donald Trump immune from rape accuser claim
▼ + stars: | 2022-09-27 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Former U.S. President Donald Trump rallies with his supporters at Wilmington International Airport in Wilmington, North Carolina, U.S. September 23, 2022. REUTERS/Jonathan Ernst/File PhotoNEW YORK, Sept 27 (Reuters) - A federal appeals court on Tuesday stopped short of declaring Donald Trump immune from author E. Jean Carroll's defamation lawsuit, saying it needed guidance on whether Trump was acting as U.S. president when he denied raping her. Circuit Court of Appeals in Manhattan asked an appeals court in Washington to weigh in on whether the laws of that district shielded Trump from liability. The Manhattan court also handed Trump a victory in declaring he was a U.S. government "employee" when he allegedly defamed Carroll, a condition underlying his immunity claim. Roberta Kaplan, a lawyer for Carroll, said in a statement she was "confident" the District of Columbia court would let the case proceed.

☆ Tech tends to lead in to and out of a recession, says Wilmington Trust's Meghan Shue
▼ + stars: | 2022-09-26 | 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 EmailTech tends to lead in to and out of a recession, says Wilmington Trust's Meghan ShueWilmington Trust's Meghan Shue joins 'TechCheck' to share her view that the time to reduce risk is over, forecasting a mild contraction in earnings, and sharing her optimism around the market's ability to price in Fed policy and risk.

Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. "I'll guess we'll just cancel this deposition," Baron responded. Twitter declined to comment and Musk's legal team did not immediately respond to a request for comment. The Twitter deposition atmosphere could be especially fraught. Tripp's attorney reminded Musk that the judge warned he would oversee the deposition in person if questions weren't answered properly.

☆ Watch CNBC's full interview with Wilmington Trust's Meghan Shue
▼ + stars: | 2022-09-26 | 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 EmailWatch CNBC's full interview with Wilmington Trust's Meghan ShueWilmington Trust's Meghan Shue joins 'TechCheck' to share her view that the time to reduce risk is over, forecasting a mild contraction in earnings, and sharing her optimism around the market's ability to price in Fed policy and risk.

☆ Stocks week ahead: Intel is the Dow's biggest loser
▼ + stars: | 2022-09-25 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of Intel (INTC) are down more than 45% this year, making it the biggest dog of the Dow. Intel (INTC) is struggling despite well-publicized plans to build more plants in the United States and hire more at home. To be fair, Intel is not the only chip company that’s having a tough time this year. But longer-term, I think Intel will right the ship,” said Jeff Travis, portfolio manager of Oak Associates Funds. Travis does think that semiconductor stocks are still a good “secular growth industry” and that valuations are now attractive given how sharply the stocks have fallen.

☆ After declaring that he's 'not a terrorist' Trump uses North Carolina rally to vilify New York Attorney General Letitia James
▼ + stars: | 2022-09-24 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump bashed the NY AG who filed a suit against him and his family business. His remarks came at a Friday rally where he also lifted up his children, who were named in the suit. But Trump spent more time berating New York Attorney General Letitia James, who has filed a massive fraud lawsuit against the Trump Organization. The attorney general is accusing him, his children, and the Trump Organization of years of financial fraud. At the rally, Trump defended his children who were named in the suit, apparently reading off a teleprompter: "Ivanka, Ivanka is a very good person.

☆ The No. 1 best city to retire isn't in Florida—but several others in the top 10 for 2022 are
▼ + stars: | 2022-09-24 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

The survey ranked 182 cities based on four key categories of equal weight: affordability, activities, quality of life and health care. When it comes to the best cities to spend your retirement years, the Sunshine state takes nearly half of the top 10 spots, according to WalletHub's 2022 Best and Worst Places to Retire survey. Additionally, if you'll be living on a fixed income in retirement, be sure to plan your expenses and lifestyle accordingly, Wolske says. One of the biggest retirement planning mistakes people make is not properly preparing for additional medical expenses, Wolske says. A 65-year-old couple retiring in 2022 can expect to spend an average of $315,000 in health-care and medical expenses in their retirement, according to Fidelity Investment's August estimate.

☆ Video appears to show Donald Trump supporters being told to stop making one-finger QAnon salute at rally
▼ + stars: | 2022-09-24 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Attendees of a Trump rally last week appeared to do a QAnon finger salute, generating controversy. On Friday, supporters at a North Carolina rally appeared to repeat the salute before security stopped them. Trump has recently appeared to embrace the QAnon conspiracy movement more than ever before. One man told her he was infuriated by being told to stop, saying it was his "Constitutional right." The recent critical coverage of Trump's QAnon links might have influenced security at the North Carolina rally to prevent members of the crowd from saluting.

☆ Hillary Clinton likened Donald Trump's Ohio rally to Adolf Hitler speeches, report says
▼ + stars: | 2022-09-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Hillary Clinton liked Donald Trump's rally in Ohio to speeches by Adolf Hitler, per Fox News. Trump's spokesperson told Fox News that the comparison was "pathetic" and "divisive." "I remember as a young student, you know, trying to figure out, how people get basically brought in by Hitler," Clinton said, per Fox News. Attendees of the rally in Youngstown, Ohio, raised their fingers to the sky as a QAnon-associated song played. The finger salute at the Ohio rally generated controversy, prompting New York State Senator Anna Kaplan to compare it to the "Heil Hitler" salute used by Nazis.

☆ Biden to make remarks Tuesday on election transparency bill
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +3 min

U.S. President Joe Biden exits the polling station after voting in the Delaware primary, in Wilmington, Delaware, U.S., September 13, 2022. REUTERS/Kevin LamarqueWASHINGTON, Sept 20 (Reuters) - U.S. President Joe Biden will deliver remarks on Tuesday about a bill that would require super PACs and certain other groups to disclose donors who contributed $10,000 or more during an election cycle. The bill is slated for a Senate vote this week, top Senate Democrat Chuck Schumer said Monday, as Democrats seek to boost election transparency ahead of the November midterms after failing to pass more ambitious voting rights legislation earlier this year. Register now for FREE unlimited access to Reuters.com RegisterThe measure, known as the DISCLOSE Act, was initially included in Democrats' voting rights bill that sought to counteract voting restrictions in Republican-led states. Proponents of the state measures said they were necessary to counter fraud, which Republican former President Donald Trump has falsely claimed led to his 2020 election defeat.

☆ Old money: How retirees are funding and fueling political candidates unlike ever before
▼ + stars: | 2022-09-20 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

In the 2020 election cycle, retirees gave hundreds of millions of dollars to federal candidates. Crystal Snow, a 60-year-old retired business owner, also donated hundreds of times to Republican groups ahead of the 2020 election, according to federal records. Snow told Insider she donated according to her Christian values and did so exclusively online, including to the likes of Sens. By the 2020 election cycle, retirees accounted for more than $1 in every $5, amounting to more than $378 million. Retirees are responsible for a greater and greater share of large political contributions, federal campaign finance data indicates.

Register now for FREE unlimited access to Reuters.com RegisterAn image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/IllustrationWILMINGTON, Del, Sept 20 (Reuters) - Twitter Inc (TWTR.N) will question Elon Musk under oath in Delaware next week as part of the litigation in the billionaire's bid to walk away from his $44 billion deal for the social media company. A Tuesday filing in Delaware's Court of Chancery said Musk's deposition is scheduled for Sept. 26-27 and may stretch into Sept. 28 if necessary. Twitter wants a judge to order Musk, who is chief executive of Tesla Inc (TSLA.O) and the world's richest person, to buy the company as agreed for $54.20 per share. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tom Hals in Wilmington, Delaware; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Delaware prepares for potential arrival of migrants after DeSantis chartered flights to Martha's Vineyard
▼ + stars: | 2022-09-20 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Ron DeSantis and Texas Gov. A Texas sheriff announced on Monday that he is opening a criminal investigation into the transport of migrants to Martha's Vineyard, saying they were "lured" with "promises of a better life." DeSantis had suggested in November that he could send migrants to Biden's home state of Delaware. Newsweek reportered on Tuesday that the same aircraft that flew migrants to Martha's Vineyard is bound for Delaware Coastal Airport in Sussex County, Delaware, "though there is no evidence at this time that migrants will be on board." Last week, Republican Sen. Ted Cruz of Texas tweeted "Rehoboth Beach, Delaware next" and tagged Abbott and DeSantis.

☆ A 26-year-old entrepreneur built a multi-million dollar business doing government contract work out of his parents' basement. Now, he and his fiancée are completing a new 250-home development in the s
▼ + stars: | 2022-09-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

The couple now work together full-time on the company Uboh started back in 2015, JUBOH Companies, from his parents' basement. One of the first companies Uboh started was an an ecommerce drop shipping company. "I started early. Courtesy of JUBOH CompaniesUboh and Carter, who started working with his team full-time in 2020, are now finishing a 250-home development called Somerset Hills in Fairburn, Georgia. He started early and he started small: with a candy business in grade school and, later, with a lawnmower that cost a couple hundred bucks.

☆ Biden says he plans to run for reelection in 2024, but here's one reporter's lesson from 2008 on why anything is possible
▼ + stars: | 2022-09-17 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +7 min

He said there was no chance of him becoming vice president. They're real," Biden told me that afternoon. Mark Bowden later asked Biden, then vice president, in his West Wing office about that marathon quote. "That was absolutely, positively true when I said it," Biden told him. I never, never, never, never aspired to be vice president.

☆ Elon Musk accuses Twitter of fraud and says 'he has the full right' to end deal
▼ + stars: | 2022-09-16 | by ( ) www.nbcnews.com time to read: +1 min

— Billionaire Elon Musk accused Twitter of fraud by concealing serious flaws in the social media company’s data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a Thursday court filing. Musk, the world’s richest person, amended his previously filed lawsuit by adopting allegations by a Twitter whistleblower, who told Congress on Tuesday of meddling on the influential social media platform by foreign agents. Musk said the claims by the whistleblower, former head of Twitter security Peiter “Mudge” Zatko, amounted to fraud and breach of contract by Twitter. Musk has asked a Delaware judge to find that he was not obligated to close the deal while Twitter wants the judge to order Musk to buy the company for $54.20 per share. Twitter’s lawyers have said in court that the whistleblower claims that Musk folded into his case were either not grounds for terminating the deal agreement or failed to meet the standard for fraud.

☆ US consumer spending rose in August as gas prices fell
▼ + stars: | 2022-09-15 | by ( Martha C. White | Cnn Business | ) edition.cnn.com time to read: +5 min

(CNN Business) Another month of falling gas prices gave Americans' wallets a bit of a reprieve in August. The continued decline in gas prices was reflected by a 4.2% dropfor the month on spending at gas stationsBacking out this volatile component, sales rose by 0.8% for the month. The retail report suggests that the tailwind of lower gas prices was a key factor helping Americans cope last month. "Gas prices are certainly a challenge for consumers. If we saw another spike in gas prices then we would expect to see weaker spending in a lot of these other retail sales categories."

☆ Why Joe Biden thinks he's never too old to be your president
▼ + stars: | 2022-09-13 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +28 min

As the oldest sitting president, he's raising concerns about how long he can continue governing. Republicans — including Trump — have gleefully seized on Biden's verbal misadventures, such as when he called his vice president "President Harris." President Joe Biden drives the Ford's new all-electric F-150 Lightning in Dearborn, Michigan. Ruggerio described the idea that Joe Biden is diminished or can't remember things as "bull crap." Cox said that while he thinks Biden is "still Joe" and still capable, he worries that Biden's age is a problem.

☆ Tom Carper's love of Amtrak doesn't take a back seat to Joe Biden's
▼ + stars: | 2021-06-06 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +14 min

His committee oversees surface transportation, and he loves trains, just like "Amtrak Joe." "Then they named it after Joe Biden, and my staff was so ticked off. Sen. Thomas Carper and then-Vice President Joe Biden speak at the former GM Boxwood Plant in October 2009 in Wilmington, Delaware. Tom Carper and Chris Coons speak to reporters after meeting with President Joe Biden at the White House in February, 2021. As he left, "Tell Joe Biden we love him," the ticket counter attendant said.

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