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Read Prosecutors’ Request for a Gag Order on Trump
  + stars: | 2023-09-15 | by ( ) www.nytimes.com   time to read: +3 min
The President of the United States is supposed to represent every American, not to target one. And, lo and behold, when someone as powerful as the President of the United States eggs on a mob, that mob will come. • Likewise, the defendant recently renewed attacks on former Georgia Lieutenant Governor whose harassment the defendant inspired in the aftermath of the election. https://truthsocial.com/@realDonald Trump/posts/109623460421938942; https://truthsocial.com/@realDonald Trump/posts/109623536630848334; https://truthsocial.com/@realDonald Trump/posts/109623623674619588. 11 See CNN, Transcript of CNN's Town Hall with Former President Donald Trump (May 11, 2023), https://www.cnn.com/2023/05/11/politics/transcript-cnn-town-hall-trump/index.html.
Persons: haven't, misconductpublicly, , Governor, Trumper, @realDonald Trump, Donald Trump Organizations: American, MSNBC, Morning, CNN, CNN's, cnn Locations: United States, Fulton, United, Georgia, Fulton County , Georgia, georgia
Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. The drop in the technology sector weighed on the three main U.S. stock indexes, particularly the tech-heavy Nasdaq Composite, which closed down 0.9%. IPHONE SLOWDOWNChina has been a bright spot for Apple in an otherwise tough period for iPhone sales.
Persons: chipmaker SMIC, Jake Sullivan, Sullivan, Thomas Peter, Biden, Mike Gallagher, Gallagher, Mark Warner, Rick Meckler, Susannah Streeter, Hargreaves Lansdown, Streeter, Aditya Soni, Jaspreet Singh, Shristi Achar, Diane Bartz, David Gaffen, Shounak Dasgupta, Devika Organizations: Apple, Street, Washington, Huawei, HK, U.S . Commerce Department, National, Air Force, BofA Global Research, Qualcomm, REUTERS, Beijing, Communist Party, People's, Republican, Reuters, U.S, Senate Intelligence Committee, planemaker Boeing, Micron, Broadcom, Texas, Nasdaq, Cherry Lane Investments, Hargreaves, Thomson Locations: Beijing, US, China, U.S, Kirin, People's Republic of China, Bengaluru
Investors might be more sensitive to a shutdown this time around, however. With only weeks to go before the deadline, the Republican-led House of Representatives has approved only one of those 12 bills. 'LESS FRIENDLY POLICY'If it occurs, the shutdown would be the fourth over the last decade and would furlough roughly three of out five federal civilian workers. The White House last month said it was working with Congress to hammer out a short-term funding measure to avoid a shutdown while longer-term spending talks continue. Analysts at Ned Davis Research said a shutdown could add to factors threatening to roil the economy into next year.
Persons: Dado Ruvic, Goldman Sachs, Fitch, , Jamie Cox, Kevin McCarthy, Joe Biden, Paul Christopher, Christopher, Ned Davis, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: REUTERS, Goldman, Social, Federal, Harris Financial Group, Caucus, House Republican, Republican, Senate, Congressional, Office, Wells, Wells Fargo Investment Institute, Democrats, Ned, Ned Davis Research, CFRA Research, Thomson Locations: Wells Fargo
Morning Bid: Apple and dollar roil markets
  + stars: | 2023-09-08 | by ( ) www.reuters.com   time to read: +3 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 24, 2023. The broader U.S. tech sector also took a hit, while shares of several major Apple suppliers in Asia slid on Friday. Against a basket of currencies, the dollar is set to clock an eighth straight week of gains. A Reuters poll of forex strategists suggests that the dollar's strength will be difficult to overcome for most major currencies by the end of the year. The pan-European STOXX 600 index (.STOXX) has fallen for seven straight days, its worst string of losses since February 2018.
Persons: Ankur Banerjee, presales, Kim Coghill Organizations: REUTERS, Staff, Ankur, Apple, Huawei Technologies, U.S, Casino, Reuters, Thomson Locations: Frankfurt, Germany, China, Asia, Paris
New York CNN —Most of the year, people visit Jackson Hole, Wyoming, to ski, fly fish or simply enjoy the region’s vast natural beauty. Setting the stage: the economic backdropInflation has slowed significantly since last year’s Jackson Hole conference, alongside glimmers of a cooling labor market. A look back at past Jackson Hole conferencesLast year’s Jackson Hole conference was notable not just because it was the first time in two years that economists gathered in person. Months after Bernanke’s Jackson Hole speech, he unveiled a whole new phase of bond-purchasing in what has now become known as QE2. A columnist for the Financial Times went so far as to say that Draghi “certainly stole the show this year [at Jackson Hole].”No matter what comes out of the conference this year, it’s clear that what happens in Jackson Hole doesn’t stay in Jackson Hole.
Persons: Jackson, Jerome Powell, He’ll, Michael Cahill, Goldman Sachs, Powell, , Ben Bernanke, , Cahill, , Bernanke’s Jackson, Bernanke, Janet Yellen, “ it’s, ” Cahill, Michael Woodford, John Williams, Williams, European Central Bank Mario Draghi Organizations: New, New York CNN, Federal, Kansas City Fed, Jackson, Fed, Traders, Goldman, CNN, Columbia University, ” New York Fed, San Francisco Fed, European Central Bank, ECB, Financial Times Locations: New York, , Wyoming, Woodstock, Jackson
Police officers stand guard at the Constitucion square, ahead of Sunday's presidential election, in Guatemala City, Guatemala August 19, 2023. Guatemalans now represent the largest number of Central Americans seeking to enter the United States. "I hope that everything is calm, that democracy wins, that there is no fraud or political issues ... and that our country gets ahead more than anything," said Ardem Villagran, 58, a merchant in Guatemala City. Outgoing President Alejandro Giammattei has vowed to ensure an orderly vote and transition of power. Reporting by Cassandra Garrison in Guatemala City, additional reporting by Herbert Villarraga; Editing by Drazen Jorgic and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
Persons: Pilar Olivares, Bernardo Arevalo, Sandra Torres, Arevalo, Ardem Villagran, Alejandro Giammattei, Engel, Eladio Loizaga, Eric Olson, Olson, Cassandra Garrison, Herbert Villarraga, Drazen Jorgic, Cynthia Osterman Organizations: REUTERS, GUATEMALA CITY, Central, U.S . State Department, of American States, OAS, Seattle International Foundation, Thomson Locations: Guatemala City, Guatemala, GUATEMALA, United States, June's, Central America, U.S
"We have waited for this moment for many years," said Carlos de Leon Samayoa, 27, as he celebrated on the streets of Guatemala City. Arevalo unexpectedly emerged out of political obscurity to build a large anti-graft movement with his Semilla party, after many other opposition candidates were barred from running. [1/9]Guatemalan anti-graft presidential candidate Bernardo Arevalo, of the Semilla political party, poses for a photo during the presidential run-off election, in Guatemala City, Guatemala August 20, 2023. "The ruling pact will likely continue to target electoral officials and Arevalo’s Semilla party with investigations ahead of January’s change in government," she said. POLITICAL TENSIONSBeyond his anti-graft policies, Arevalo said he wants to expand relations with China alongside Guatemala's longstanding allegiance with Taiwan.
Persons: Bernardo Arevalo, Arevalo, Sandra Torres, Alejandro Giammattei, revel, Guatemalans, Arevalo's, Carlos de Leon Samayoa, Torres, Guatemala's, Pilar Olivares, Risa Grais, Arevalo’s, Eladio Loizaga, Giammattei, Ana María Méndez, Cassandra Garrison, Sofia Menchu, Herbert Villarraga, Diego, Drazen Jorgic, Stephen Eisenhammer, Miral Fahmy, Stephen Coates, Gerry Doyle Organizations: GUATEMALA CITY, Central, Twitter, REUTERS, Eurasia Group, Organization of American States, Central America, Diego Ore, Thomson Locations: GUATEMALA, Guatemalan, United States, Guatemala, Americas, Guatemala City, June's, China, Taiwan, Taipei, Honduras, America
Thailand, the world's second largest exporter of rice, is encouraging its farmers to plant less of the crop in a bid to save water — a move that could roil rice markets further following India's export ban. In an effort to conserve water for consumption, the Office of the National Water Resources (ONWR) has called on the country's farmers to turn to "planting crops that use less water [which] can be harvested quickly." Kidtimonton said the country's water management needs to "focus on water for consumption," as well as "water for cultivation mainly for perennial crops." Perennial crops are crops that grow back after harvest and need not be replanted every year, unlike annual crops. Rice is categorized as an annual crop.
Persons: Surasri Kidtimonton, Kidtimonton Organizations: National Water Resources, National Water Administration Locations: Thailand
The price hikes have led some beloved third-party Reddit apps such as Apollo to shut down, instigating an uproar among the website's community of volunteer moderators, who often rely on third-party apps to run the site's 100,000+ discussion communities, called subreddits. But tensions remain high, and some say that if Reddit doesn't rebuild trust, its most passionate users will go elsewhere. Ohanian rejoined Reddit as executive chairman in 2014 and Huffman rejoined as CEO the next year. But it's not just tech giants who use Reddit's API. These third-party apps are largely just alternatives to Reddit's official mobile app, which didn't even exist until 2016.
Persons: Reddit, David DeWald, Alexis Ohanian, Steve Huffman, Paul Graham, Ohanian, Huffman, Y Combinator, Condé Nast, Debra Aho Williamson, George Floyd's, it's, Apollo, Jakub Porzycki Organizations: University of Virginia, Advance, Facebook, Insider Intelligence, GameStop, AMC, Google, Getty
Media and entertainment deal-making has slowed, but private equity players are still betting big on the space. Middle Eastern sources are still providing funding to media, which could fuel deals in the months ahead. Media deal volume has actually increased, just not as fast; PwC recorded media deals rose 3% (to 326) in the six months through May, down from a 7% increase in the previous six months. And beyond private equity, legacy players could shed properties they consider non-core: Paramount is trying to offload BET while Warner Bros. Insider's list of top private equity players in media and entertainment highlights 17 firms, from heavy hitters to smaller upstarts, based on our reporting and conversations with investors and insiders.
Persons: PwC, Hollywood —, Ryan, Morgan Stanley, Sherrese Clarke Soares Organizations: Media, Hollywood, RedBird Capital Partners, NFL, Company, Qatar Investment Authority, Yahoo, ESPN, Paramount, BET, Warner Bros, Discovery, Equity Partners Locations: Providence, BlackRock
July 22 (Reuters) - United Parcel Service (UPS.N) said it plans on Tuesday to resume labor talks with the Teamsters union representing 340,000 employees, an effort to avert a strike that could roil supply chains and harm the economy. The two sides in April began talks on a contract covering the company's U.S. drivers, package handlers and loaders. A spokesperson for the International Brotherhood of Teamsters confirmed the Tuesday talks and pointed to a statement detailing its goals for a five-year agreement that increases pay and full-time jobs, and strengthens protections for workers. The company started negotiations "prepared to increase the already industry-leading pay and benefits we provide our full and part-time union employees and are committed to reaching an agreement that will do just that." However, they remain at odds over pay increases for part-time workers who sort packages and load trucks.
Persons: Lisa Baertlein, Gary McWilliams, Diane Craft Organizations: United Parcel Service, Teamsters, International Brotherhood of Teamsters, UPS, Thomson Locations: U.S, Atlanta, Los Angeles
The recent streak of gains in markets could be in jeopardy next week as traders come up against a big Federal Reserve meeting and earnings shift into high gear. However, markets are ramping up just ahead of several catalysts next week that could roil markets. According to the CME FedWatch Tool, 83% of traders expect monetary policymakers will be done at that point. 'Floodgate' of earnings season including tech The biggest week for earnings season is also up ahead, with results having been mixed thus far. Personal Consumption Expenditure index (June) 10 a.m.: Consumer sentiment (July final) Earnings: Exxon Mobil , Chevron , Procter & Gamble , T. Rowe Price
Persons: Jerome Powell, Hogan, Powell, Shannon Saccocia, Jackson, Yung, Yu Ma, that's, Saccocia, Northrop Grumman, Rowe Price Organizations: Reserve, Dow Jones, Riley Wealth Management, BMO Wealth Management, Big Tech, Microsoft, Chicago, P Global, PMI, GE, GE HealthCare, GM, Boeing, Hess, ADP, CME Group, eBay, Honeywell, Hershey, McDonald's, Mastercard, Northrop, Royal, Enphase Energy, Mobile, Ford Motor, Intel, Mondelez, Exxon Mobil, Chevron, Procter, Gamble Locations: Royal Caribbean
The Russian-backed leader of Crimea, Sergey Aksyonov, said on Telegram that “a fire occurred at a military training ground.” Askenov said residents of four surrounding villages – more than 2,000 people – were being evacuated. Smoke and flames billow over a military training ground following an explosion in the Kirovske district, Crimea, on July 19, 2023. Kyiv has not commented on Wednesday’s explosions at the Crimea training ground. Ukraine’s attack on the Crimea bridge dealt a logistical and symbolic blow to Moscow’s faltering military campaign. The $3.7 billion-dollar corridor, which is 12 miles long, is a critical artery for supplying the peninsula with both its daily needs and supplies for the Russian military, in addition to fuel and goods for civilians.
Persons: Sergey Aksyonov, ” Askenov, Vladimir Putin, Odesa, Volodymyr Zelensky, Hennadii Trukhanov, , Denis Pushilin Organizations: CNN, Reuters, Russian Grey Zone Telegram, Ukrainian, Shadow, Atesh, Ukrainian Air Force, Russian Defense Ministry, Monday, Russian, Presidential Press Service, Reuters Odesa, Facebook, Donetsk People’s, DPR, Ukraine’s Security Locations: Crimea, Stary Krym, Crimea’s Kirorvsky, Russian, Kirovske district, Ukrainian, Russia, Ukraine, Odesa, Iran, Moscow, Donetsk, Donetsk People’s Republic
The West Virginia Democrat’s model has served him well with repeated statewide wins in one of the most conservative pro-Trump states in the nation. For now, Manchin’s noncommittal answers are worrying some of his Democratic colleagues. Polls show that both Biden and Trump, the front-runner for the GOP nomination, are unpopular. It argues, therefore, that 79 electoral votes are potentially at risk for Biden from the involvement of a third-party challenger. Such a challenger would also need to win states where Biden won big, and at least some conservative bastions.
Persons: West Virginia Sen, Joe Manchin, Donald Trump, Manchin, who’s, Joe Biden, roil Biden’s, CNN’s Manu Raju, , “ I’ve, Biden, Manchin’s, Arizona Sen, Mark Kelly, ” Kelly, “ I’m, West, Vermont Sen, Bernie Sanders, Biden –, Georgia –, CNN’s Kaitlan Collins, Trump, , Robert Kennedy Jr, , Kennedy, Ron DeSantis, DeSantis, Jake Tapper, , Jon Huntsman, Ryan Clancy, CNN’s Michael Smerconish, we’ve, Jill Stein, Ralph Nader, Gary Johnson –, Nader, Stein, siphoning, Al Gore, Hillary Clinton, CNN’s Harry Enten, don’t, Chris Christie, Trump’s, ” Christie Organizations: CNN, West, Democratic, West Virginia Democrat’s, Trump, Senate, Manchin, Harvard, Green, GOP, Biden, Florida Gov, Democratic National Committee, Republican Gov, Saint Anselm College in, Republican, Democrats, Green Party, Libertarian Party, Trump Republicans, Quinnipiac University, Former New Jersey Gov, ABC Locations: West Virginia, New Hampshire, Granite, Arizona, “ State, Vermont, Georgia, Covid, South Carolina, Florida, Saint Anselm College in Manchester, United States, Washington, Former
But last week, Chinese state media slammed Goldman Sachs after the Wall Street firm recommended selling shares in local banks because of their exposure to risks in the domestic economy. Group of 20 central bankers and finance ministers are meeting this week in India, with this data adding to their worries about the state of the global economy. Some pessimists say the Chinese economy has peaked and a significant slowdown is coming. But, Mr. Pettis added, international investors need to look at China differently than they once did. “When China was growing at double-digit rates, even poor parts of the economy were growing,” he said.
Persons: ” George Magnus, DealBook, Xi, Goldman Sachs, Covid, Michael Pettis, Pettis, , Organizations: Oxford University’s China Center, UBS, West, Street, Peking University Locations: China, Beijing, India, Russia, Ukraine, Moscow, Kyiv
Leadership Troubles Roil Russian Military
  + stars: | 2023-07-13 | by ( Gabriela Sá Pessoa | ) www.nytimes.com   time to read: +5 min
“We have put to rest any doubts and ambiguities about whether Ukraine will be in NATO,” he said. “It will!”The Ukrainian military’s Strategic Communications Department also posted a lengthy Twitter thread listing positive outcomes from the summit. In return, requests that were initially rebuffed — including Western battle tanks, missile systems, even training for F-16 fighter jets — have over time been met. The campaign is in its second month, and Mr. Zelensky has acknowledged that it is moving more slowly than some allies had hoped. But he warned that Ukraine may not hold a significant advantage in that type of strategy against the more numerous Russian forces.
Persons: Volodymyr Zelensky, Zelensky, ” Mr, , , ” Michael Kofman, Kofman, Biden, Matthew Mpoke Bigg Organizations: NATO, Strategic Communications Department, Eurasia Program, Carnegie Endowment, International, Tactical Missile Systems Locations: Ukraine, Russian, United States, Russia, Lithuania, France, Germany, Ukrainian, Donetsk, Bakhmut, Melitopol, Britain, Kyiv
She’s been very successful without having sex tapes, without having to go through all the things that her sister had to go through. He had his good run of 10 years, and I think his era is slowly going to its finish line. Now it is my time.”Is that why he chose to post his Madonna reveal not long after the Balenciaga couture show? They spent a month lost in the mountains before eventually making their way to Düsseldorf, Germany, where the boys grew up. (In 2021, Guram told Forbes Georgia that if his family had stayed in Georgia, “I would probably be running for president.”)
Persons: , Kim, Kylie, Kylie’s, Serena Williams, Serena, It’s, “ Balenciaga, , Gvasalia, Julie Gilhart, , Demna, Guram, Vetements Organizations: Tomorrow Consulting, Forbes Locations: Balenciaga, Sokhumi , Georgia, Düsseldorf, Germany, Forbes Georgia, Georgia
The Russian warlord whose 24-hour mutiny provoked the worst crisis to roil the country in three decades has been packed off to an uncertain exile — along with the foul-mouthed critiques of the Russian military that won him legions of followers, especially within the ranks. Yet the problems identified by Yevgeny V. Prigozhin, the leader of the Wagner mercenary group, did not disappear with him, military analysts say, and are likely to continue to fester, enraging troops and further lowering already sickly morale. The emergence of several other private military companies like Wagner promises to further complicate matters. “If Prigozhin is gone, the problems will not go with him,” said Dmitri Kuznets, a military analyst for Meduza, an independent Russian news website. “They are here to stay, this is a bigger problem than Prigozhin himself.”
Persons: , Yevgeny V, Wagner, , Dmitri Kuznets, Prigozhin Organizations: Meduza Locations: Russian, Ukraine
‘Horseplay’ Review: Boys Will Be Boys
  + stars: | 2023-06-13 | by ( Kyle Turner | ) www.nytimes.com   time to read: +1 min
Boys will be boys, as the saying goes. There’s not a lot of forward momentum in “Horseplay,” directed by Marco Berger and set outside a city in Argentina. !” taken to extremes, both in its laid back pace but also in the consequences of its characters fooling around. The audience sees something roil in one member of the group, Poli (Franco de la Puente), as he gazes at some of the young men faking fellatio and playacting penetration. But everyone else is content to lounge in the cognitive dissonance of the blurry boundaries of their homosocial intimacy rituals.
Persons: Horseplay, , Marco Berger, Richard Linklater’s “, Franco, la Locations: , Argentina, la Puente
A Destructive Trump Indictment
  + stars: | 2023-06-10 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Breaking the news on his social media platform, Truth Social, Donald Trump responded to federal charges of violating laws related to his handling of classified documents. Images: Truth Social/Getty Images Composite: Mark KellyWhether you love or hate Donald Trump, his indictment by President Biden’s Justice Department is a fraught moment for American democracy. For the first time in U.S. history, the prosecutorial power of the federal government has been used against a former President who is also running against the sitting President. This is far graver than the previous indictment by a rogue New York prosecutor, and it will roil the 2024 election and U.S. politics for years to come.
Persons: Donald Trump, Mark Kelly Organizations: Biden’s Locations: York
Chinese dissident Wang Dan said Friday that an allegation against him of attempted rape was unfounded. Photo: nicholas kamm/Agence France-Presse/Getty ImagesIn late April, a fictional Netflix drama about Taiwanese politics went viral on the island with a story line about sexual-assault allegations that convulse the ruling party. A little more than a month later, the plot has crossed over into the real world, with potential ramifications for political forces that the U.S. relies on to keep pressure on China.
Persons: Wang Dan, nicholas kamm Organizations: Agence France, Netflix Locations: China
Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.
Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.
Their rally has been responsible for all of the 8.3% year-to-date gain in the S&P 500 (.SPX) through Wednesday's close, a Deutsche Bank report showed. A recent survey of global fund managers from BofA Global Research showed that 71% believe a deal to raise the debt ceiling will be reached before the X-date. Excitement over artificial intelligence, which has boosted some megacap names this year, is another factor that could support the category. At the same time, the debt ceiling has been only one of of several worries weighing on the market. Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, expects lawmakers will reach an agreement to extend the debt ceiling through September.
Vice Media filed for Chapter 11 bankruptcy on May 15, leaving current and laid-off staffers anxious over what's next. One advertising source told Insider, "The bankruptcy has killed the ad pipeline." Employees who were laid off in recent weeks are demanding answers about how the company's bankruptcy will affect the terms of their departure. One of the former execs told Insider they were just keeping their fingers crossed that payments come through. A person close to the company said Vice Media intends to pay severance and COBRA, subject to court approval.
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