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☆ Sandy Hook victim's brother is 'shocked' that a letter Trump once sent him turned up in a Mar-a-Lago evidence photo
▼ + stars: | 2024-06-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Read previewIn 2018, JT Lewis, whose little brother Jesse died in the Sandy Hook Elementary School shooting, received a signed letter from Donald Trump. AdvertisementThis evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent in 2018 to the older brother of a Sandy Hook shooting victim. In the letter, Trump thanks Lewis for coming to the White House "for discussions regarding the safety of our schools." AdvertisementThat “Sandy Hook” letter was a letter to me. I lost my brother in the Sandy Hook shooting and president Trump took the time to reach out.

Persons: —, JT Lewis, Jesse, Donald Trump, Jack Smith, Trump, Sandy Hook, Lewis, it's, wxcFGhvDAJ, FM8hDpAonk — JT Lewis, Scarlett Lewis, JT, Scarlett, Jesse McCord Lewis, Victoria Soto Organizations: Service, Elementary, Business, White, DOJ, White House, National School Safety Initiative, JT, Trump Locations: Sandy, Newtown, Rwanda, Parkland , Florida, New Orleans

☆ 2 St. Louis residents are suing the city's basic income program in an attempt to halt what they call 'unconstitutional' $500 monthly payments to low-income families
▼ + stars: | 2024-06-26 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Read previewAs St. Louis continues its guaranteed basic income pilot, two residents are suing to cut the program's funding. The plaintiffs, Greg Tumlin and Fred Hale, are both St. Louis residents. Adam Layne, the St. Louis city treasurer, previously told BI that St. Louis residents have primarily used their $500 a month to pay bills. BI reached out to the city of St. Louis and St. Louis Guaranteed Income for comment, but the parties did not respond by the time of publication. States like South Dakota, Arizona, and Iowa, Republican politicians have also brought basic income bans to the state legislature.

Persons: —, Louis, Greg Tumlin, Fred Hale, Tumlin, Adam Layne, Louis GBI, Joe Biden's, Jack Dorsey, St, Ken Paxton, Attorney Christian D Organizations: Service, Business, ARPA, BI, Texas Supreme, Attorney Locations: Missouri, state's, Louis, St, Texas, Harris, Harris County, Houston, States, South Dakota , Arizona, Iowa

☆ Spencer Milligan, ‘Land of the Lost’ star, dead at 86
▼ + stars: | 2024-06-26 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —Actor Spencer Milligan, best known for playing Rick Marshall in 1970s kids’ TV show “Land of the Lost,” has died at age 86. Milligan was born September 10, 1937, in Oak Park, Illinois, and died on April 18, according an obituary posted on the website of a funeral home in Sturgeon Bay, Wisconsin, where he lived. It was during this period that he played his most famous role, appearing in 30 episodes of “Land of the Lost” from 1974 to 1975. Wesley Eure as Will Marshall (left), Kathy Coleman as Holly Marshall (second-left), Philip Paley as Cha-Ka (second-right) and Spencer Milligan as Rick Marshall in "Land of the Lost." Milligan’s “Land of the Lost” co-stars Eure and Coleman paid tribute to their friend in a video posted on Facebook.

Persons: Spencer Milligan, Rick Marshall, ”, Milligan, Wesley Eure, Will Marshall, Kathy Coleman, Holly Marshall, Philip Paley, Cha, Ron Tom, Dukes, Hazzard ”, Kerry, Eure, Coleman, “ Organizations: CNN, “, Bank, Getty, “ Police, Facebook Locations: Oak Park , Illinois, Sturgeon Bay , Wisconsin, Illinois, California, Lake Michigan, “, Eure

☆ Former Honduran president sentenced to 45 years in prison on drug trafficking charges
▼ + stars: | 2024-06-26 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Former Honduran President Juan Orlando Hernandez has been sentenced to 45 years in prison and given an $8 million fine by a US judge for drug trafficking offenses. He has previously denied the charges against him and at his sentencing on Wednesday insisted that he is innocent and was “wrongly and unjustly accused.”In March, a jury in New York found Hernandez guilty on three drug trafficking charges after a two-week trial in Manhattan federal court. He was extradited from Honduras after the US Department of Justice filed three drug-trafficking and firearms related charges against him in 2022. In exchange, prosecutors said, Hernández received millions of dollars in bribes that he used to fuel his rise in Honduran politics. Hernández was president of Honduras from 2014 until 2022.

Persons: Juan Orlando Hernandez, ”, Hernandez, Prosecutors, Hernández, extraditions, “, ” Prosecutors, General Merrick Garland, Hernández “ Organizations: CNN — Former Honduran, US Department of Justice, Justice Department, ”, Honduran National Police Locations: New York, Manhattan, Honduras, United States

☆ Brazil Becomes the Largest Nation to Decriminalize Marijuana
▼ + stars: | 2024-06-26 | by ( Jack Nicas | Ana Ionova | ) www.nytimes.com time to read: 1 min

Brazil decriminalized marijuana for personal use on Wednesday, making the nation of 203 million the largest to take such a measure and the latest sign of a growing global acceptance of the drug. The court asked Brazil’s Congress and health authorities to then set the permanent amount of marijuana that citizens could possess. Selling marijuana remains a criminal offense. Thousands of Brazilians are serving prison sentences for possessing an amount of marijuana below the new threshold, legal analysts said. It is unclear how the decision would affect those convictions.

Organizations: Brazil’s Locations: Brazil

☆ New photos show Trump's 'haphazard' storage of classified documents, special counsel says
▼ + stars: | 2024-06-25 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Documents and materials seized during a search of former U.S. President Donald Trump’s Mar-a-Lago home and social club are pictured in this undated handout picture obtained by Reuters on June 25, 2024. Federal prosecutors in Donald Trump's classified documents case released new photos showing what they called the "haphazard manner" in which Trump stored boxes of documents that federal agents later seized from Mar-a-Lago in August 2022. The filing came in response to Trump's most recent motion to dismiss the case that argued that the FBI agents destroyed "exculpatory evidence" by failing to keep the documents in the same order in which they found them. Pointing to the photos — some of which show documents spilling onto the floor, while others show various items such as clothing and newspapers in the boxes — prosecutors said Trump's motion to dismiss should be denied without a hearing. "Against this backdrop of the haphazard manner in which Trump chose to maintain his boxes, he now claims that the precise order of the items within the boxes when they left the White House was critical to his defense," prosecutors, led by Special Counsel Jack Smith, wrote in the filing submitted Monday evening.

Persons: Donald Trump’s Mar, Donald Trump's, Trump, Jack Smith Organizations: Reuters, Trump, FBI, White Locations: Mar, Lago

☆ Julian Assange ends stalemate with US, exchanging guilty plea to felony charge for his freedom
▼ + stars: | 2024-06-25 | by ( Lauren Said-Moorhouse | Thomas Manglona | ) edition.cnn.com time to read: +15 min

Leon Neal/AFP/Getty Images Assange addresses the Oxford Union Society from the Ecuadorian Embassy in January 2013. David Paul Morris/Bloomberg/Getty Images Assange attends a news conference inside the Ecuadorian Embassy in London in August 2014. FABRICE COFFRINI/AFP/Getty Images Assange, on the balcony of the Ecuadorian Embassy, holds up a United Nations report in February 2016. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: Julian Assange, “, ” Assange, Assange, Kim Hong, Ramona Manglona, Chelsea Manning, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, Joe Biden, ASSANGE, Adrienne Watson, Stella, ”, Gabriel Shipton, he’s, hasn’t, Julian, –, ” Shipton Organizations: Northern Mariana Islands CNN, Northern, Northern Mariana Islands . Justice Department, WikiLeaks, United States, Reuters, Army, Metropolitan Police, US Justice Department, British, Justice Department, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, Court, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Ecuadorian, Ecuador, Southwark Crown, White, Sweden, National Security, Department of Justice, BBC Radio Locations: Saipan, Northern Mariana, London, United Kingdom, Hawaii, Northern Mariana Islands, Australia, United States, Iraq, Afghanistan, Sweden, Ecuadorian, Ecuador, Westminster, AFP, Stockholm, Geneva, Switzerland, Austin , Texas, United Nations, Quito, Southwark, Baghdad, Guantanamo Bay

☆ Volkswagen Will Invest Up to $5 Billion in Rivian
▼ + stars: | 2024-06-25 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would cooperate on software for electric vehicles. Volkswagen said it would initially invest $1 billion in a new joint venture, and over time increase that to as much as $5 billion. The deal provides cash to Rivian, which has struggled to ramp up manufacturing of its electric pickups and sport utility vehicles. The deal could also help Volkswagen, which has struggled to develop software for its electric vehicles and compete with Tesla, by giving it access to Rivian’s software expertise. Vehicles using the new software will go on sale during the second half of the decade, Volkswagen said.

Organizations: Volkswagen, Tesla, Vehicles Locations: German, Rivian

☆ Early divisions signal bitter internal conflicts as Supreme Court turns toward final decisions
▼ + stars: | 2024-06-25 | by ( John Fritze | ) edition.cnn.com time to read: +9 min

Even as the court is sometimes finding wider-than-expected majorities for relatively limited outcomes, the nine justices are regularly in conflict over the meaning of decisions. A number of lower-profile cases have also sparked deep doctrinal divisions, even when the final vote count is lopsided. “It does seem, at least anecdotally, unusual to have this many separate opinions in cases with relatively lower stakes,” said Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law. The Supreme Court earlier this month tossed out an appeal from anti-abortion doctors challenging expanded access to the abortion pill mifepristone. Among them, Justice Sonia Sotomayor slammed the court’s majority opinion for its reliance on history to decide the trademark dispute.

Persons: ”, Steve Vladeck, “, dinged, councilwoman, Brett Kavanaugh, ” Kavanaugh, Donald Trump, Jack Smith’s, yank Trump, Trump, Amy Coney Barrett, Samuel Alito, Kavanaugh, ” Barrett, Aziz Huq, Huq, Moore, John Roberts ’, hasn't, Neil Gorsuch chimed, Justice Ketanji Brown Jackson, ” Alito, Clarence Thomas, Alito, it’s, Sylvia Gonzalez, Florida GOP Sen, Marco Rubio, Sonia Sotomayor Organizations: CNN, University of Texas School of Law, Trump, Capitol, University of Chicago, New York, Police, Florida GOP, Republican Locations: Moore, Texas, Trump, concurrences

☆ Special counsel defends investigators’ handling of Mar-a-Lago documents kept in ‘haphazard manner’ by Trump
▼ + stars: | 2024-06-25 | by ( Tierney Sneed | Holmes Lybrand | ) edition.cnn.com time to read: +4 min

Prosecutors, with several never-before-seen images and a 30-page filing, detailed the search process and ridiculed Trump’s legal arguments. A photo of a box taken by a filter agent during the August 2022 search of Mar-a-Lago. The prosecutors highlighted how investigators found boxes with their contents spilled on the floor, which they also illustrated with photos taken by investigators and by one of Trump’s co-defendants. “Against this backdrop of the haphazard manner in which Trump chose to maintain his boxes” Trump argues that the precise order of the contents “was critical to his defense,” prosecutors said, ridiculing the argument. To bolster their arguments, the prosecutors attached several new photos of the boxes, some of which were taken during the search.

Persons: Jack Smith, Donald Trump’s, “ Trump, Trump’s, Trump, Walt Nauta, ” Organizations: CNN, Prosecutors, Trump, Lago . Department of Justice, “ Locations: Mar

CNN —Federal Judge Aileen Cannon said Tuesday she had “a hard time seeing” any problems with the warrant the FBI obtained to search former President Donald Trump’s Mar-a-Lago estate in the summer of 2022. Trump’s attorney Emil Bove had argued that the warrant was overly broad and unjustly allowed agents to search the entire Mar-a-Lago premises. Bove, like in other recent hearings in the classified documents case, wants the judge to hold even more hearings that could probe into the investigators’ work. “They purported to look for classified documents in a gym and a kitchen,” he added. Investigators say they found classified documents in various places at the resort, including a public ballroom, a bathroom and a bedroom.

Persons: Aileen Cannon, Donald Trump’s Mar, Cannon, Emil Bove, Trump, Walt Nauta, Carlos De Oliveira, Jack Smith, “ We’re, ” Bove, wasn’t, “, David Harbach sparred, Harbach, Bove, hadn’t, ” Organizations: CNN, FBI Locations: Lago, Fort Pierce , Florida, Cannon, Mar

☆ Trump kept classified documents in cardboard boxes with Christmas ornaments and photos of himself: feds
▼ + stars: | 2024-06-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +1 min

The feds released new details of the "haphazard" way they say Trump kept documents at Mar-a-Lago. Classified documents were found in boxes with Christmas ornaments and photos of himself, they said. AdvertisementFederal prosecutors released new details of the "haphazard" way they say Donald Trump stored classified documents at Mar-a-Lago — including inside boxes that also held Christmas ornaments. Trump treated the nation's secrets like random "keepsakes," special counsel Jack Smith complained in a new classified documents case filing Monday night. The 30-page filing challenges defense claims that prosecutors were the ones who were reckless with classified documents.

Persons: Trump, Trump's, —, Donald Trump, Jack Smith Organizations: feds, Mar, Prosecutors, Service, Business

☆ Who is Julian Assange, what did the Wikileaks founder do to go through a 12-year legal battle?
▼ + stars: | 2024-06-25 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

CNN —WikiLeaks founder Julian Assange was released from a British prison and was making his way back to his home country Australia on Monday after his 12-year battle against extradition to the United States ended in a plea deal. Assange boarded a flight from London’s Stansted airport on Monday after being released on bail from prison, according to a statement from WikiLeaks on Tuesday. “Julian Assange is free,” WikiLeaks said. WikiLeaks founder Julian Assange boards a plane at a location given as London, Britain, in this still image from video released on June 25, 2024. Former Ecuadorian president Lenín Moreno told CNN he is glad the Wikileaks founder won’t be handed over to the US.

Persons: Julian Assange, Assange, “ Julian Assange, “, Chelsea Manning, ”, Jack Taylor, Hillary Clinton’s, John Podesta, Abu Hamza al, Masri, Joe Biden, Assange’s, Stella Assange, “ Julian, Lenín Moreno, won’t, Moreno, Gustavo Petro Organizations: CNN, Ecuadorian, WikiLeaks, US Justice Department, Wikileaks, Army, US, of Scientology, European, Human Rights, Westminster Magistrates, Democratic National Committee, London’s Metroplitan Police, UN, Amnesty, American Locations: Australia, United States, London, Iraq, Afghanistan, London’s Stansted, ”, United Kingdom, Britain, Saipan, Northern Mariana Islands, Hawaii, Townsville, Queensland, Guantanamo Bay, Iraqi, Sweden, Stockholm, Westminster, England, London’s, Colombia, Mexico

Special Counsel Jack Smith delivers remarks on a recently unsealed indictment including four felony counts against former President Donald Trump on August 1, 2023 in Washington, DC. Drew Angerer/Getty ImagesAttorneys for Donald Trump will continue their legal efforts to throw off special counsel Jack Smith and the classified documents case against the former president in Florida on Monday. Trump’s attorneys will battle prosecutors in court on the second part of Trump’s argument that Smith’s appointment was illegitimate, focusing on how he’s being funded. On Friday, prosecutors, defense attorneys and third parties fought over whether Smith was legitimately appointed as special counsel, an argument district Judge Aileen Cannon seemed skeptical of during the hearing. “President Biden’s DOJ is paying for this politically motivated prosecution of Biden’s chief political rival ‘off the books,’ without accountability or authorization,” Trump’s attorneys argued in their filing earlier this year.

Persons: Jack Smith, Donald Trump, Drew Angerer, Trump’s, Smith, Aileen Cannon, ‘, ”, “, it’s, ’ Organizations: Getty, Prosecutors Locations: Washington ,, Florida, United States

Cannon did not seem inclined to approve the limitations on Trump’s speech but did not immediately issue a ruling. The judge also heard arguments on Trump’s long-shot motion alleging that the special counsel’s office is being improperly funded. He said that while Trump is welcome to campaign, there should be certain limits when it comes to the safety of FBI agents on the case. “Steve Bannon making a comment is potentially the kind of thing that could send President Trump to jail,” Blanche said. Republicans on Capitol Hill have also tried to buckle down on the DOJ’s use of the special counsel’s office and its funding.

Persons: Aileen Cannon, Jack Smith’s, Donald Trump’s, Trump, Cannon, ” Cannon, David Harbach, Trump “, Harbach, “, ” Harbach, ” Trump, Smith, Todd Blanche, Biden, ” Blanche, Blanche, “ Steve Bannon, James Pearce, Janet Reno, Pearce, Emil Bove, hadn’t, Bove Organizations: CNN, FBI, Department, Mar, Trump, Justice Department, , DOJ, Republicans, Capitol Locations: Fort Pierce , Florida, Lago

☆ Jay Slater: Search continues for teenager missing in Tenerife for a week
▼ + stars: | 2024-06-24 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Authorities on the Spanish island of Tenerife continue to search for British teenager Jay Slater, who has been missing for a week after attending a music festival. Slater, 19, went missing after attending the NRG festival in the south of the island, and was last heard from between 8 and 9 a.m. local time (3-4 a.m. The campaign was organized by a friend of Slater’s named Lucy Mae, who said she had left the festival before Slater on Sunday. A search-and-rescue team looks for Slater near where he was last seen in Tenerife. Slater’s disappearance comes after a spate of tourists going missing in sweltering temperatures in Greece.

Persons: Jay Slater, Slater, Slater’s, Lucy Mae, James Manning, “, ”, Jay’s, Monica Garrett, Garrett Organizations: CNN, Authorities, NRG, Guardia, Guardia Civil, Lancashire Police Force, United, Foreign Locations: Tenerife, Guardia, Slater’s, Lancashire, England, British, Spain, Spanish, Africa, Greece

☆ Julian Assange has reached a plea deal with the U.S., allowing him to go free
▼ + stars: | 2024-06-24 | by ( Michael Kosnar | Ryan J. Reilly | ) www.cnbc.com time to read: +4 min

LONDON, ENGLAND - MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images)WikiLeaks founder Julian Assange plans to plead guilty as part of a plea deal with the U.S. Justice Department that will allow him to go free after spending five years in a British prison, according to court documents. Assange was charged by criminal information — which typically signifies a plea deal — with conspiracy to obtain and disclose national defense information, the court documents say. Court documents revealing Assange's plea deal were filed Monday evening in the U.S. District Court for the Northern Mariana Islands, a U.S. territory in the Pacific Ocean. A superseding indictment was returned against Assange more than five years ago, in May 2019, and a second superseding indictment was returned in June 2020.

Persons: Julian Assange, Jack Taylor, Assange, Barack Obama's, Chelsea Manning, —, Robert Mueller, Donald Trump, Vladimir Putin, Trump, Putin, Manning, Obama Organizations: U.S . Justice Department, Department, WikiLeaks, Northern, Ecuadorian Embassy, Court, Democratic National Committee Locations: ENGLAND, Ecuador, London, England, U.S, Afghanistan, Iraq, Northern Mariana Islands, Australia, London —, United States, Russian

☆ Efficiency helped turn Silicon Valley around. China is taking it to the extreme to do the same.
▼ + stars: | 2024-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like JD.com and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.

Persons: —, Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing

☆ Amy Yang wins maiden major on 75th attempt at Women’s PGA Championship
▼ + stars: | 2024-06-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —If at first you don’t succeed, try, try again. Or if you’re Amy Yang, try 75 times to win your first major – ending an almost two-decades wait – after the South Korean golfer survived a late scare to win the Women’s PGA Championship in Washington on Sunday. In 74 prior major starts, she had finished inside the top-10 on 21 outings, and twice as a runner-up at the US Women’s Open in 2012 and 2015. Stanford is the sole player to have waited longer for their first major than Yang, and only just: the American triumphed on her 76th attempt. “At one point I thought, ‘Will I ever win a major championship before I retire?’” Yang said.

Persons: don’t, Amy Yang, Yang bogeyed, stokes, Ko Jin, American Lilia Vu, “, ” Yang, Jan, Meierling, caddie, Ezra Shaw, Yang, Angela Stanford, ‘ Will, ’ ” Yang, ” Victory, Korda, Nelly Korda, Lexi Thompson, Gerald Herbert, ” Korda, “ I’m Organizations: CNN, South, Sahalee Country, LPGA, US, Evian, Stanford, ”, Paris Olympics, Games, Getty, Meijer, Chevron, St Locations: South Korean, Washington, American, Rio, France, Andrews, Scotland

☆ Judge Skeptical About Request to Limit Trump Statements on F.B.I.
▼ + stars: | 2024-06-24 | by ( Alan Feuer | Eileen Sullivan | ) www.nytimes.com time to read: +1 min

The federal judge overseeing former President Donald J. Trump’s classified documents case posed tough questions on Monday to prosecutors who have asked her to bar him from making inflammatory statements that might endanger any F.B.I. At a contentious hearing in Federal District Court in Fort Pierce, Fla., the judge, Aileen M. Cannon, seemed disinclined to impose new conditions on Mr. Trump that would limit what he could say about the F.B.I. The court-authorized search was a crucial element of the government’s investigation, leading to the discovery of more than 100 classified documents that Mr. Trump kept after leaving office. The hearing was the latest clash between Mr. Trump’s lawyers and prosecutors in the office of the special counsel, Jack Smith. It centered on a knotty issue that has now cropped up in several of the former president’s legal cases: how to balance Mr. Trump’s right to attack the government — even falsely — against shielding the participants in the cases from threats of violence or harassment inspired by his incendiary remarks.

Persons: Donald J, Trump’s, Aileen M, Cannon, Trump, Prosecutors, Jack Smith, — Organizations: Federal, Court Locations: Fort Pierce, Fla, Mar, Florida

☆ The S&P 500 will soar 175% to 15,000 by the end of the decade, Fundstrat's Tom Lee says
▼ + stars: | 2024-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Fundstrat's Tom Lee said the stock market could nearly triple by 2030 to reach 15,000. "The two previous instances of global labor shortage resulted in a parabolic move in technology stocks," Lee said. AdvertisementThe stock market could nearly triple by the end of the decade, according to Fundstrat's Tom Lee. And the two previous instances of global labor shortage resulted in a parabolic move in technology stocks," Lee said. Lee's global labor shortage projection is based on global demographics, with prime-age workers not replacing older generations at a fast enough clip.

Persons: Fundstrat's Tom Lee, Lee, —, Tom Lee, we've, he's Organizations: Service

☆ The 5 biggest cases the Supreme Court hasn't yet decided
▼ + stars: | 2024-06-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

The nation's highest court typically wraps up its business by the end of June, but court watchers count roughly a dozen major pending decisions. Trump v. United States: The Trump immunity caseThe implications for Trump alone made this the most closely-watched case this term. As Justice Neil Gorsuch said during oral arguments, the court may write "a rule for the ages." Justices heard oral arguments in a case brought by commercial fishermen about a rule requiring them to pay for monitors that track potential overfishing. Justice Elena Kagan said during oral arguments that 70 Supreme Court rulings and more than 17,000 lower-court decisions have relied on Chevron.

Persons: —, Donald Trump's, Trump, Neil Gorsuch, Ketanji Brown Jackson, Jack Smith's, Smith, Lev Radin, Fischer, Joseph Fischer's, John Roberts, Loper, Raimondo, Biden, Elena Kagan, Andrew Harnik, Moyle, Roe, Joshua Turner, Ken Paxton, Brandon Bell, Ron DeSantis Organizations: Service, Trump, Business, . United, Police, United, Enron, Capitol, Electoral, Biden, Washington Post, Loper Bright Enterprises, FDA, Chevron, Natural Resources Defense, Inc, Getty, Idaho, Labor, Paxton, Industry, Gov, The Washington Post, Court, GOP Locations: . United States, United States, Pennsylvania, Chevron U.S.A, Idaho's, Idaho, Texas, Red, Florida

☆ Special counsel adds to Trump gag order request, citing threats against FBI agent associated with Hunter Biden case
▼ + stars: | 2024-06-22 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +2 min

On Monday, the federal judge overseeing the case will hold a hearing for both parties to present their arguments over the proposed gag order, and tensions between the two sides could quickly rise. Citing Trump’s continued mischaracterization of the FBI’s policy in place around the use of deadly force during the search, prosecutors say Trump’s false claims that he nearly escaped death from federal agents could lead to threats and harassment against them. Trump was in New York when agents searched the Florida estate. “Shortly after the execution of the search warrant at Mar-a-Lago, one of Trump’s supporters carried out an armed attack on an FBI office in the wake of Trump’s Truth Social statements regarding the search,” prosecutors wrote. Trump is welcome to make such comments to his heart’s content — they are simply not the Government’s concern.”

Persons: Donald Trump, Trump’s, Trump, “, Hunter Biden, ”, Trump boastfully, Prosecutors, Jack Smith Organizations: CNN, Prosecutors, Trump, FBI, Government, Biden Administration, Department of Justice Locations: Lago, New York, Florida, Mar

☆ Europe stocks look set to extend gains after BOE rate hold, Swiss cut; UK retail sales beat forecast
▼ + stars: | 2024-06-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Jack Taylor | Getty Images News | Getty ImagesLONDON — European stocks are heading for a cautiously higher open Friday as investors monitor a slew of central bank decisions and data releases. The pan-European Stoxx 600 index is on course for a weekly gain of more than 1.5%, its best performance since early May. Attention this week turned to central bank action, as the Swiss National Bank announced it would cut interest rates by 0.25 percentage points to 1.25%. The SNB became the first major central bank to cut rates during this cycle back in March. The Bank of England meanwhile kept interest rates unchanged at a 16-year high of 5.25%.

Persons: Jack Taylor Organizations: Getty, Equity, European Union Parliament, Reuters, Swiss National Bank, Bank of England Locations: Godalming, United Kingdom, France

☆ Four self-made millionaires echo the same advice for success: Just get started
▼ + stars: | 2024-06-21 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Throughout my time working at CNBC, I've chatted with different entrepreneurs, from people who started successful side hustles to the founders of global unicorn companies. In my conversations with successful entrepreneurs, I've found that those who became successful and "made it" tend to echo the same advice. Advice #2: Lean into what makes you uniqueAnother piece of advice Mahlum gave is to lean into what makes you yourself. "I think the best advice that I can give to fellow entrepreneurs is to be different," he told CNBC. Advice #4: Just get startedIn all my conversations with entrepreneurs, by far, the one piece of advice I've heard the most, is to simply get started.

Persons: Shawn Tsao, I've, Jason McGowan, McGowan, they'd, Anne Mahlum, Solidcore Anne Mahlum, Mahlum, Edward Tirtanata, Tirtanata, Uber, Jack Organizations: CNBC, I've, Lean, Nike Locations: New York, Solidcore, Indonesian, Southeast Asia

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