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"In the documents, Staley said that Dimon communicated with him when Epstein was arrested in 2006 and in 2008 when Epstein pleaded guilty" to a sex crime in Florida, The Journal reported. "Staley also said that Dimon communicated with him various times about whether to maintain Epstein as a client through 2012," according to The Journal. The Journal also reported that it had seen documents indicating that Dimon and Staley had a meeting scheduled with Epstein on March 2, 2010. JPMorgan told that newspaper that Dimon did not attend that meeting, and that it was not on the CEO's calendar. Dimon was deposed on Friday for two civil lawsuits in U.S. District Court in Manhattan against the bank accusing JPMorgan of enabling and financially benefitting from sex trafficking by Epstein.

Persons: Jamie Dimon, Al Drago, JPMorgan Chase, Jeffrey Epstein —, Jes Staley, Patricia Wexler, –, hasn't, Wexler, Staley, Wexler's, Dimon, Epstein Organizations: JPMorgan Chase &, Banking, Housing, Urban Affairs Committee, Washington , D.C, Bloomberg, Getty, JPMorgan, CNBC, The Locations: Washington ,, Florida, U.S, Manhattan

[1/3] An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 15, 2020. REUTERS/Al Drago/File PhotoWASHINGTON, May 16 (Reuters) - The U.S. Justice Department said on Tuesday it has charged a former Apple Inc (AAPL.O) engineer with attempting to steal the firm's technology related to autonomous systems, including self-driving cars, and then fleeing to China. Two of the cases involved what Justice Department officials called procurement networks created to help Russia's military and intelligence services obtain sensitive technology. The former Apple engineer, identified as 35-year-old Weibao Wang, formerly resided in Mountain View, California, and was hired by Apple in 2016, according to an April indictment unsealed on Tuesday. After his last day at Apple, the company discovered that he had accessed large amounts of proprietary data in the days before his departure, the Justice Department said.

☆ What a Fed Debate 17 Years Ago Reveals About Its Rate Deliberations Now
▼ + stars: | 2023-05-02 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed is expected to raise interest rates, which would be its 10th consecutive increase. Photo: Al Drago/Bloomberg NewsAfter Federal Reserve officials likely agree to raise interest rates this week, their conversation will shift to a question weighing heavily on investors that they will find difficult to answer: Are they finished? Officials are on track to focus their meeting Tuesday and Wednesday on how to communicate their rate outlook. They’ll do this chiefly through their postmeeting policy statement, the product of extensive debate and a vote by their rate-setting committee.

☆ Biden to reassure Philippines' Marcos as China tensions flare
▼ + stars: | 2023-05-01 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

[1/2] U.S. President Joe Biden listens during the annual White House Correspondents Association Dinner in Washington, U.S., April 29, 2023. Marcos, who became president last year, has sought warm relations with both the United States and China, who are vying for influence in the Asia-Pacific region. "Some of the steps that China have taken have concerned (Marcos), probably even surprised him," said one senior Biden administration official. Experts say the United States considers the Philippines a potential location for rockets, missiles and artillery systems to counter a Chinese amphibious assault. "We're standing shoulder to shoulder in the South China Sea, where our alignment has never been stronger," said one U.S. official.

☆ Kevin McCarthy Shores Up GOP Lines as Debt-Ceiling Battle Looms
▼ + stars: | 2023-04-30 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

House Speaker Kevin McCarthy (R., Calif.) prevailed last week with a GOP bill that would pair a lift in the debt ceiling with spending cuts. Photo: Al Drago/Bloomberg NewsWASHINGTON—House Speaker Kevin McCarthy won the preliminary round in his effort to lead Republicans into debt-ceiling negotiations. Now the main event begins. For the Californian, this fight will encompass the two mammoth missions he has taken on as leader of the chamber: balancing demands of different wings of often-chaotic House Republicans, while keeping the government functioning in his role as Republicans’ top negotiator in Congress. It comes just months after he squeaked into the speakership after 15 rounds of votes.

☆ Biden attacks news outlets for 'lies of conspiracy and malice'
▼ + stars: | 2023-04-30 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

[1/3] U.S. President Joe Biden addresses the annual White House Correspondents Association Dinner in Washington, U.S., April 29, 2023. Speaking at the annual White House Correspondents' Association dinner, Biden referred to "truth buried by lies," in an apparent reference to false conspiracy theories that his 2020 election win was the result of a massive voter fraud. Lies of conspiracy and malice repeated over and over again designed to generate a cycle of anger and hate and even violence," Biden said. That cycle, Biden added, has emboldened local jurisdictions to ban books, and "the rule of law and our rights and freedoms to be stripped away." Biden said he and his administration were "here to send a message to the country and quite frankly to the world.

☆ Veterans File 500,000 Claims for Toxic Exposure
▼ + stars: | 2023-04-26 | by ( Ben Kesling | ) www.wsj.com time to read: 1 min

President Biden said that he will fight budget cuts that could imperil the processing of veterans’ claims. Photo: Al Drago/Bloomberg NewsVeterans have filed half a million claims for benefits stemming from toxic exposure while serving, the Department of Veterans Affairs said Wednesday, part of the largest expansion of VA coverage in a generation. The many claims come after the VA and veteran-service organizations let veterans know about benefits and healthcare coverage for those exposed to burn pits, radioactive material, herbicides and other toxins after passage last summer of the PACT Act. The bipartisan legislation was launched in response to criticisms that the Department of Defense and the VA had not done enough to recognize the effects of burn pits and other toxic exposures or to fund research and treatment of those who had been exposed.

☆ Debt-Ceiling Standoff Warps Treasury Trading
▼ + stars: | 2023-04-22 | by ( Eric Wallerstein | Matt Grossman | ) www.wsj.com time to read: 1 min

Investors who own maturing Treasury debt might have to wait for their money. Photo: Al Drago/Bloomberg NewsInvestors are piling into ultrashort-term Treasury bills to avoid getting caught up in the debt-ceiling drama. Surging demand has driven one-month T-bill prices higher, sending the yield down to 3.313% from 4.675% at the end of March. Bills maturing in three months yield 5.105%—a record incentive for lending to the government for a couple months more, according to Tradeweb data going back to 2001.

☆ Chief Justice John Roberts Asked to Address ‘Ethical Standards’ at Supreme Court
▼ + stars: | 2023-04-21 | by ( Jess Bravin | ) www.wsj.com time to read: 1 min

Sen. Dick Durbin invited Chief Justice John Roberts to appear personally or send another justice to testify. Photo: Al Drago/Bloomberg NewsWASHINGTON—The chairman of the Senate Judiciary Committee asked Chief Justice John Roberts to testify at a public hearing on Supreme Court ethics rules, after Justice Clarence Thomas has come under scrutiny for accepting luxury trips from and selling real estate to a Texas billionaire and donor to conservative causes. “There has been a steady stream of revelations regarding Justices falling short of the ethical standards expected of other federal judges and, indeed, of public servants generally,” Sen. Dick Durbin (D., Ill.) said in a Thursday letter to the chief justice.

☆ MyPillow CEO Ordered to Pay $5 Million to Man Who Did ‘Prove Mike Wrong’
▼ + stars: | 2023-04-21 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Mike Lindell’s ‘Prove Mike Wrong Challenge’ had an award of $5 million. Photo: Al Drago/Bloomberg NewsMike Lindell , the MyPillow Inc. chief executive known for spreading false claims of election fraud, dared someone to disprove the validity of his data alleging Chinese interference in the 2020 election. Turns out, one man did. An arbitration panel on Wednesday ordered Mr. Lindell to pay Robert Zeidman $5 million after the computer scientist found Mr. Lindell’s data “unequivocally did not reflect November 2020 election data,” the panel wrote in its decision.

☆ Lawmakers scrutinize free IRS filing options. “The whole process needs to be improved,” commissioner says
▼ + stars: | 2023-04-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

IRS Commissioner Danny Werfel on Wednesday fielded questions from the Senate Finance Committee about the agency's spending priorities, including research on the IRS direct e-file program. However, he admitted there are issues with the current IRS Free File program. A public-private partnership between the IRS and the Free File Alliance, IRS Free File offers free online guided tax prep software to taxpayers with an adjusted gross income of $73,000 or less for 2022. Warren said private companies "sabotaged the program" by making it harder for users to find free filing options to "keep raking in money." IRS free filing raises 'conflicts of interest'Throughout Inflation Reduction Act negotiations, many Republicans have been skeptical about the IRS creating its own free filing program, as well as the $15 million allocated for the study.

☆ Amazon’s head of HR rejects employees’ return-to-office petition
▼ + stars: | 2023-03-24 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Beth Galetti, the company's HR head, formally responded to a letter that gathered ~30,000 employee signatures. Galetti wrote in her email that Amazon's guiding principle is to "make our customers' lives better and easier every day." My colleague Eugene Kim obtained Galetti's full email and walks us through how Amazon employees feel about the response. In other news:MSCHF's Tax Heaven 3000 dating simulator is supposed to help you prepare your 2022 US federal tax return. Carta offers popular software to help employees manage their equity.

☆ The TikTok hearing was an ugly political theater
▼ + stars: | 2023-03-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Despite lacking evidence for their belief that TikTok is a spying tool for the Chinese Communist Party, US lawmakers from both parties on Thursday carried out an ugly political theater to advance that narrative. But — and I cannot stress this enough — the national security concerns are purely hypothetical. And against that tense (not to mention deeply xenophobic) backdrop, everyone in Washington is bolstering their “tough in China” credentials. “We see this handwringing about TikTok as a big distraction from the conversation that we really need to be having,” Greer said. “It’s a national embarrassment that we have no basic data privacy law in the United States.”Enjoying Nightcap?

☆ Fed hikes rates by a quarter percentage point, indicates increases are near an end
▼ + stars: | 2023-03-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

watch nowWASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. That wording is a departure from previous statements which indicated "ongoing increases" would be appropriate to bring down inflation. Still, the median of the estimates points to a 0.8 percentage point reduction in rates in 2024 and 1.2 percentage points worth of cuts in 2025. Estimates released Wednesday of where Federal Open Market Committee members see rates, inflation, unemployment and gross domestic product underscored the uncertainty for the policy path. The Dow Jones Industrial Average is up some 2% over the past week, though the 10-year Treasury yield has risen about 20 basis points, or 0.2 percentage points, during the same period.

☆ U.S. prosecutors probing collapse of Silicon Valley Bank -source
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Al Drago/File PhotoMarch 14 (Reuters) - U.S. prosecutors are investigating the collapse of Silicon Valley Bank, according to a source familiar with the matter, as scrutiny mounts over the firm's sudden collapse and regulators scramble to contain the fallout. The U.S. Justice Department is probing the sudden demise of the bank, which was shuttered on Friday following a bank run, the source said, declining to be named as the inquiry is not public. Spokespeople for the SEC, SVB and the Justice Department declined to comment. The rapid demise of Silicon Valley Bank and the fall of Signature Bank have left regulators racing to contain risks to the rest of the sector. SVB Financial Group and two top executives were sued this week by shareholders, who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit susceptible to a bank run.

☆ Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024
▼ + stars: | 2023-03-06 | by ( David Marchese | ) www.nytimes.com time to read: +23 min

Photo illustration by Bráulio Amado Talk Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024For a good long time during the George W. Bush and Obama presidencies, Paul Ryan was considered one of the intellectual leaders and shining stars of the Republican Party. Get out of this race.” But I don’t think Trump is going to get the nomination. I don’t think we want the lack of liberty that comes with government-made equality. Where I part company with the left is I don’t believe in socialism. I don’t believe in equality of outcomes.

☆ Senators urge halt to Chinese carriers overflying Russia on U.S. flights
▼ + stars: | 2023-02-23 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Al Drago/Pool via REUTERS/File PhotoFeb 23 (Reuters) - The chairman of the Senate Foreign Relations Committee and the committee's top Republican urged the Biden administration to halt Chinese airlines and other non-American carriers from flying over Russia on U.S. routes. U.S. airlines and other foreign carriers are barred from flying over Russia. Russia banned airlines from the United States from overflights after the U.S. barred Russia flights in March 2022 following its invasion of Ukraine. U.S. air carriers currently serve Shanghai from the United States through a stop in Incheon, South Korea, while Chinese carriers serve the United States directly, flying through Russian airspace. The senators want the Biden administration to prohibit U.S. government personnel on official travel from taking flights known to use Russian airspace.

☆ Pressure mounts on Biden to publicly address aerial object shoot downs
▼ + stars: | 2023-02-15 | by ( Christina Wilkie | ) www.cnbc.com time to read: +3 min

Al Drago | ReutersWASHINGTON — President Joe Biden is coming under mounting pressure from both Democratic and Republicans senators to publicly explain why he ordered three floating objects to be shot down last weekend by American fighter jets. The orders to shoot down the three "unidentified aerial phenomena" over three days came just one week after a massive Chinese surveillance balloon was shot down Feb. 4, after floating across the United States for eight days. The first of the objects shot down this weekend was the size of a small car and floating at 40,000 feet when it was shot down over the Arctic Ocean on Friday. The second one was similar in size and altitude, but it was shot down over the Canadian Yukon on Saturday. The third floating object was slightly smaller and floating at just 20,000 feet when it was taken out over Lake Huron on Sunday.

☆ Meet the GOP leaders in charge of critical House environmental committees
▼ + stars: | 2023-02-15 | by ( Emma Newburger | ) www.cnbc.com time to read: +9 min

Westerman, a representative for Arkansas's fourth congressional district, has a background in engineering and is a licensed forester. He's also introduced legislation to plant 1 trillion trees globally by 2050 in order to pull carbon out of the atmosphere. Cathy McMorris Rodgers, chair of House Committee on Energy and CommerceRep. Cathy McMorris Rodgers (R-WA) during a House Energy and Commerce Environment and Climate Change Subcommittee hearing on Capitol Hill on April 2, 2019 in Washington, DC. "We'll be focusing on promoting innovative technologies to facilitate our clean energy transition," Lucas told CNBC. Lucas said the committee would also conduct "robust oversight" of the spending being distributed to advance the country's clean energy sector.

The Department of Justice, which conducted a search that lasted over 12 hours, also took some notes that Biden had personally handwritten as vice president, according to the lawyer. The previous classified documents were found in the home's garage and in a nearby storage space. REUTERS/Al Drago 1 2 3 4The search shows federal investigators are swiftly moving forward with the probe into classified documents found in Biden's possession. Republicans have compared the investigation to the ongoing probe into how former President Donald Trump handled classified documents after his presidency. Since the discovery of Biden's documents, Trump has complained that Justice Department investigators were treating his successor differently.

Share this -Link copiedMcCarthy elected speaker in 15th round McCarthy was elected House speaker Saturday shortly after midnight on the 15th ballot. Share this -Link copiedHouse reconvenes to hold 14th round of speaker votes The House has reconvened to begin the 14th round of speaker votes. Read the rest of the story, The House speaker election, in three charts. Share this -Link copiedHouse begins 13th round The House is beginning the 13th round of speaker votes. At least 14 House GOP flip to support McCarthy in twelfth speaker vote Jan. 6, 2023 01:52 Share this -Link copied

Ali Alexander said he believed White House wanted him to lead rallygoers to Capitol "Stop The Steal" organizer Ali Alexander believed the White House wanted him to lead attendees of Trump's Jan. 6 rally to the Capitol, the report said. Alex Jones, who has claimed the White House told him to lead the march, texted Wren at 12:27 p.m. Finally one of the staffers told Trump they thought he should focus on his speech. Trump told Jan. 6 demonstrators at the Capitol in a Twitter video that he loved them but that they should go home. The information was expected to be available as soon as Thursday — the day the House Jan. 6 committee is set to issue its final report on the riot.

☆ Schumer reflects on how Senate Democrats went from infighting to big policy wins and a larger majority
▼ + stars: | 2022-12-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +7 min

The 50-50 majority, which has been unkind to Senate leaders in the past, seemed to be slipping from his grasp. “Everyone said Democrats are gonna lose a whole ton of seats,” Schumer said during a wide-ranging interview in his Capitol Hill office. Democrats may have held the Senate, but they narrowly lost the House majority to Republicans, which could spell the end of the party’s biggest legislative goals. And despite Schumer’s confidence that he’ll hold the Senate majority again in 2024, the map presents enormous challenges. Schumer said he isn’t giving up on working with moderate House Republicans, including some who won swing districts in his home state of New York.

☆ Aquarium With One Million Liters of Water Bursts in Berlin Hotel
▼ + stars: | 2022-12-16 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

FTX Collapse Hearing: Key Moments From John J. Ray’s Testimony John J. Ray III, the new chief executive of FTX, testified in front of a House committee Tuesday on the collapse of the crypto exchange. His testimony came less than a day after the company founder, Sam Bankman-Fried, was arrested in the Bahamas. Photo: Al Drago/Bloomberg News

☆ DHL buying Ford's electric cargo vans showcases Club holding's EV strategy
▼ + stars: | 2022-12-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

The news DHL will acquire 2,000 Ford E-Transit cargo vans by the end of 2023, the companies announced Monday. DHL— owned by Germany's Deutsche Post — said it has already received some of the E-Transit vans, adding them its global fleet of roughly 27,000 electric vans. Ford has sold roughly 5,800 E-Transit vans through November , and the vehicle has become the top-selling commercial vehicle in North America, according to the company. One of those is called Telematics, the official name for the fleet management software DHL will use under Monday's deal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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