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The lineup for DealBook Summit 2023On Wednesday, DealBook will be live and in person at our annual summit in New York. The DealBook team and reporters from The Times will be reporting live from the conference. Even if you are not with us, you can follow along here beginning at 8:30 a.m. Eastern. Here are the speakers:Vice President Kamala HarrisElon Musk , the chairman and C.E.O. Is this a technology that will unleash a new wave of productivity, or is it a force that could do irreparable harm?
Persons: DealBook, Andrew, Kamala Harris Elon Musk, Tesla, X Tsai Ing, Taiwan Lina Khan, Jamie Dimon, JPMorgan Chase Bob Iger, Kevin McCarthy, California Jensen Huang, Nvidia David Zaslav, Jay Monahan Organizations: DealBook, The, SpaceX, Federal Trade, JPMorgan, Disney, Republican, Nvidia, Warner Bros, White House Locations: New York, Taiwan, California, Israel, China, U.S, Beijing, Washington
The judge nixed that plan; meanwhile, on December 11, Trump will be his own final defense witness. In her 12 months as Trump Org's independent watchdog, Jones, a retired federal judge, has repeatedly described Trump Org's ongoing difficulties with thoroughness and transparency. New York Unified Court System"Were you aware that Judge Jones had prepared a report, saying that certain reporting has been incomplete?" "Were you aware that Judge Jones had identified such inconsistencies?" It is the ninth week of trial, and the third week of Trump's defense case.
Persons: Barbara Jones, Trump, , Donald Trump's, Arthur Engoron, Jones, Andrew Amer, Letitia James, Judge Jones, Amer, Mark Hawthorn, Hawthorn, Clifford Robert, Robert, Christopher Kise, Kise, I'm, Engoron, Eric Trump, Donald Trump Organizations: Trump, Service, Trump Organization, Trump Organization . New York Unified, Hawthorn Locations: New York, Manhattan, Trump's
NEW YORK (AP) — Donald Trump's company no longer prepares the sweeping financial statements that New York state contends were full of deceptive numbers for years, an executive testified Monday at the former president's civil fraud trial. Trump's 2014 to 2021 “statements of financial condition” are at the heart of state Attorney General Letitia James' lawsuit against him, his company and some of its key figures. The defendants deny wrongdoing, but James says they misled lenders and insurers by giving them financial statements that greatly inflated Trump's asset values and overall net worth. Trump asserts that his wealth was understated, not overblown, on his financial statements. During cross-examination, Hawthorn acknowledged that Trump's financial statements could have been audited by the company, rather than just compiled, though he noted that auditing wasn't required.
Persons: — Donald Trump's, Letitia James, James, Mark Hawthorn, wasn't, , Clifford Robert, Andrew Amer, Trump, Arthur Engoron, Michael R Organizations: Trump Organization, Trump, Hawthorn, Republican, Democrat, ___ Associated Press Locations: York, spokespeople, New York, ___, Sisak
Mortgage giant Fannie Mae abandoned work on the program in August. Photo: Eric Lee for The Wall Street JournalWASHINGTON—The Biden administration pushed to save homeowners thousands of dollars in closing costs on certain mortgages, part of a broad effort to slash fees and save Americans money. Objections from an obscure industry and from lawmakers helped kill the plan. Government-controlled mortgage giant Fannie Mae was preparing this summer to finalize a program to test out eliminating one of the biggest fixed costs associated with closing on a mortgage: title insurance.
Persons: Fannie Mae, Eric Lee, The Wall Street Journal WASHINGTON —, Biden Organizations: The Wall Street Journal WASHINGTON Locations: Government
Autodesk CEO on Q3 earnings beat
  + stars: | 2023-11-22 | 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 EmailAutodesk CEO on Q3 earnings beatAutodesk CEO Andrew Anagnost joins 'Squawk on the Street' to discuss the company's quarterly earnings results, how Anagnost frames the generative AI strategy, and more
Persons: Andrew Anagnost Organizations: Autodesk
The Trump civil fraud trial is now in its eighth week in New York. A handwritten note that implicates Donald Trump in his NY fraud trial. Donald Trump attends his New York civil fraud trial. Trump speaking to reporters outside the courtroom during his civil fraud trial in New York. And in a pre-trial deposition, he denied knowing who had written, "DJT to get final review" on that 2014 draft.
Persons: Jeffrey McConney, McConney, , Donald Trump, Trump, Letitia James, Donald Trump's, Seth Wenig, Andrew Amer, Amer, Eric Trump, Allen Weisselberg, James, Weisselberg, — McConney, Mazars, Arthur Engoron, McConney's, Jesus Suarez, he'd, Mark Hawthorn Organizations: Trump, Service, Trump Organization, Trump Org's, NY, New York, White House, Trump Org, AP, Mazars, General's, Trump Hotels Locations: New York, York, Mazars USA, Weisselberg
Trump attorney Alina Habba motioned to a court officer to bring him a box of tissues. At one point while reviewing his own handwritten notes, McConney acknowledged his memory was “incorrect” about a specific disclosure on Trump’s statement. Amer showed the court handwritten notations from McConney on 2021 financial statement drafts. Among the 2021 notes, the former controller wrote that Eric Trump needed to review the footnotes for the section on club facilities. On another page McConney wrote that Eric and his brother Donald Trump Jr, both defendants in the case, should review the statements.
Persons: Jeff McConney, , ” McConney, Jesus Suarez, Donald Trump, McConney, Alina Habba motioned, Arthur Engoron, , wouldn’t, he’s, Andrew Amer, Mazars, Donald Bender, Amer, Patrick Birney, Eric Trump, Eric, Donald Trump Jr, , Mark Hawthorn Organizations: New, New York CNN, Trump Organization, Trump Org, Trump, Trump Hotels, Deutsche Bank Locations: New York
About 81% of Gen Z workers think in-person office experiences are important, a survey says. AdvertisementIt seems like more and more CEOs are calling their employees back to the office — and some Gen Z workers couldn't be more happy about it. We talked to Gen Z workers — defined as those born between 1997 and 2012 — who say they don't mind working in the office. Adobe surveyed more than 1,000 Gen Z workers in September at medium- and large-sized companies in the US for its Future Workforce Study. For these Gen Z workers, the debate is settled.
Persons: Gen, , Gen Z'ers, Goldman Sachs, Louie Chavez, Chavez, there's, Mary Kate Viceconte, I'm, who've, Viceconte, Andrew Abraham, Abraham, it's, Z'er, Zachary Timms, Timms, Barry Biffle Organizations: Service, Adobe, Goldman, Business, Google, Frontier Airlines Locations: Atlanta, Texas
SACRAMENTO, Calif. (AP) — California's wide-open U.S. Senate race shifts to Sacramento on Saturday as the leading Democratic candidates work to woo activists in search of a state party endorsement ahead of the March primary. The state's last two U.S. Senate races — in 2016 and 2018 — each featured two Democrats. The Senate candidates will each take turns speaking during a forum shortly before delegates cast their votes. An endorsement from the state Democratic Party can boost a campaign in a competitive primary, but it doesn't necessarily signal how the wider electorate feels about the race as party delegates tend to be more liberal. “The reality is, is that you can’t win the House if you don’t win seats here in California."
Persons: Adam Schiff, Katie Porter, Barbara Lee, Lexi Reese, Sen, Laphonza Butler, Dianne Feinstein, Butler isn't, Schiff, Nancy Pelosi, Porter, Lee, Kevin de Leon, Feinstein, , Matt Barreto, aren't, Rusty Hicks, , Andrew Acosta, Hicks, Republicans John Duarte, David Valadao, Mike Garcia, Michelle Steel, Young Kim, ” Hicks Organizations: Senate, Democratic, U.S, Reps, California Democratic, Democratic Party, University of California, Democratic National Committee, U.S . Senate, U.S . House, Republicans, Representatives Locations: SACRAMENTO, Calif, Sacramento, Los Angeles, Israel, Washington, California, Gaza, Afghanistan, Central, Southern California
KOLKATA, Nov 14 (Reuters) - Pat Cummins is unsure whether he will continue as Australia's one-day international captain after the World Cup but is looking to return to the Indian Premier League (IPL) next season in preparation for the Twenty20 showpiece. Test skipper Cummins, who will lead Australia into their semi-final against South Africa on Thursday, took on the ODI role with an eye firmly on the World Cup when Aaron Finch retired from the format last year. Probably like we've done in the past, at times white-ball cricket is going to have to shift so we fully focus on test cricket. "I feel like I've been managed really well and looked after, albeit in a really, really busy year where you don't really want to give up any cricket." "I feel like I haven't played a heap of T20 cricket and in some ways I feel like I haven't played my best T20 cricket for a little while," Cummins added.
Persons: Pat Cummins, Cummins, Aaron Finch, paceman, Andrew McDonald, George, Andrew, I've, Finch, Mitch Marsh, I'm, Nick Mulvenney, Peter Rutherford Organizations: Indian Premier League, Twenty20, South, IPL, Thomson Locations: KOLKATA, Australia, South Africa, Kolkata, Caribbean, U.S, Sydney
Judge Arthur Engoron sided with Donald Trump’s attorneys, overruling an objection from the New York attorney general’s office to admit a PowerPoint presentation showcasing the history of the Trump Organization. The presentation, titled “The Trump story,” also included photos of Donald Trump with his father, Fred Trump, as well as sleek photos of various Trump buildings. The PowerPoint included Trump's purchase of Mar-a-Lago in 1985, which Trump Jr. described as "one of the few sort of American castles." Assistant Attorney General Kevin Wallace objected to the presentation, claiming the text descriptions were coaching the witness. The judge has also sided with Trump's lawyers during the trial, but this signals the judge is going to give a lot of leeway to both sides in their presentation.
Persons: Arthur Engoron, Donald Trump’s, overruling, Donald Trump Jr, , Donald Trump, Fred Trump, Trump, we've, Andrew Amer, Kevin Wallace, Engoron, Chris, Kise, “ Engoron, , ” “, ” Engoron, doesn't Organizations: New, Trump Organization, Trump, Mar Locations: New York, Yukon, Canada, Lago
Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.
Persons: , Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas
Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.
Persons: Donald Trump , Jr, , Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City
A judge on Thursday rejected Trump's bid for an early win in his civil fraud trial in New York. The decision was preceded by often colorful arguments invoking Putin, geese, and "spaghetti night." Those documents are Trump's annual, 30-page assertions of net worth, the so-called "statements of financial condition" that are central to the trial. Former president Donald Trump displays a media article outside the courtroom at the New York State Supreme Court on the first day of his civil fraud trial. AdvertisementAdvertisementAfter lunch, the judge ruled in the Trump team's favor, saying he would allow their experts to testify, but with a caveat.
Persons: Trump's, Putin, , Donald Trump, Vladimir Putin, Trump, Christopher Kise sniped, Kise, Arthur Engoron, he's, Donald Trump , Jr, Letitia James, James, Kevin C, Wallace, KENA BETANCUR, Wallace harkened, Michael Cohen's, Andrew Amer, Amer Organizations: Trump, Service, New York, Trump Organization, Trump International, Court, Getty, Manhattan, Thursday's, gander Locations: New York, Russia, New, Manhattan, York, Chicago, Miami, Washington ,, AFP, swatting
There were oysters, salmon with Hollandaise sauce, beef, squab, duck, roast chicken, green peas, parsnip purée and Victoria pudding. The feast described is not a Thanksgiving meal, but a snapshot of what first-class passengers on the Titanic ate for dinner on April 11, 1912, when the ship left Queenstown, Ireland, for New York. A menu from that night, with an embossed red White Star Line flag at the top and signs of water damage, will go up for auction on Saturday at Henry Aldridge & Son Ltd in southwest England. It is expected to sell for up to 70,000 pounds, or about $86,000. The auction will include hundreds of other maritime items, including a White Star Line tartan blanket that was recovered from a Titanic lifeboat and a pocket watch owned by a second-class passenger, a Russian immigrant, who did not survive the sinking.
Persons: purée, Henry Aldridge, Andrew Aldridge Organizations: Star, Henry Aldridge & Son, White Locations: Victoria, Queenstown, Ireland, New York, England, Russian
NEW YORK (AP) — Donald Trump has testified in court as a football owner, casino builder and airline buyer. Trump has testified in court in at least eight trials since 1986, according to an Associated Press review of court records and news coverage. They show clear parallels between Trump as a witness and Trump as a president and current candidate for the office. Trump testified that his $365 million purchase, later approved, would be a “major boost in morale” for employees. In his April deposition, Trump soberly described the presidency as the “most important job in the world” before bragging about saving lives by preventing North Korean dictator Kim Jong Un from launching a nuclear attack.
Persons: — Donald Trump, Trump, Letitia James ’, Eric, Donald Trump Jr, Andrew Amer, Donald J, Roy Cohn, Cohn’s, Mike Tyson, , ” Trump, Shelly Kulwin, Jacqueline Goldberg, ” Kulwin, you’re, ’ ” Goldberg, , He’s, “ Perry Mason, overcharging, James, hyping, it’s, I’ve, Trump soberly, Kim Jong Un, __ Tucker, Jill Colvin, Michael Sisak, Eric Tucker Organizations: Republican, White, Trump, New York, Trump Organization, Associated, New, New Jersey Generals, NFL, Eastern Air Lines, “ Trump, Associated Press Locations: York, New Jersey, Manhattan, Trump, Washington, Atlantic City , New Jersey, New York, Chicago, New York's Westchester County, Florida, Lago, x.com
Things grew heated when Amer apparently succeeded in undermining Eric Trump’s claims that he had little to do with his father’s financial statements. “I understand we had financials as a company,” Eric Trump said. Eric Trump replied: “It appears that way, yes.”In essence, both Trump sons are arguing that despite running the company, they knew nothing about its financial statements. In a bizarre passage of the trial, Trump attorney Chris Kise insisted: “I’m not a misogynist. CNN legal analyst Shan Wu said that neither the testimony of Eric Trump nor the strategy of attacking court personnel seemed like a smart approach.
Persons: Donald Jr, Eric, Hunt, , Donald Trump, Judge Arthur Engoron, Trump, Trump Organization –, Eric Trump, CNN Trump, Joe Biden, ” Trump, “ That’s, Andrew Amer, It’s, Amer, Eric Trump’s, , ” Eric Trump, ” Amer, Jeff McConney, Donald Trump Jr, Volodymyr Zelensky, ” Engoron, , Engoron, Chris Kise, I’m, Alina Habba, Shan Wu, Eric –, ” Wu, Wu, , Tanya Chutkan Organizations: CNN, Trump, New, Trump Organization, Justice Department, Republican, Wednesday, GOP Locations: New York, Trump, Florida, Washington ,,
NEW YORK, Nov 2 (Reuters) - Eric Trump and Donald Trump Jr. both testified on Thursday that they had no involvement with documents that a judge has ruled were fraudulently manipulated to inflate the value of their father Donald Trump's business. Donald Jr. blamed accountants, both inside and outside the company. [1/2]Former U.S. President Donald Trump's son and co-defendant Donald Trump Jr. leaves after attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 2, 2023. James is seeking at least $250 million in damages, as well as a permanent ban on Trump, Donald Jr. and Eric from running businesses in the state. The trial is one of many legal troubles Trump must contend with as he campaigns to regain the presidency.
Persons: Eric Trump, Donald Trump Jr, Donald Trump's, Trump, Andrew Amer, Donald Jr, Judge Arthur Engoron, Michael Cohen, Brendan McDermid, Engoron, Letitia James, Hunt, Ivanka, Joe Biden, James, Eric, glowering, Jack Queen, Andy Sullivan, Scott Malone, Will Dunham, Lisa Shumaker, Jonathan Oatis Organizations: Trump, U.S, Trump Organization, Court, REUTERS, New York, Republican, Democratic, Thomson Locations: New York, Springs, New York City, Manhattan, U.S, Washington
By Jack QueenNEW YORK (Reuters) -Eric Trump and Donald Trump Jr. both testified on Thursday that they had no involvement with documents that a judge has ruled were fraudulently manipulated to inflate the value of their father Donald Trump's business. Trump put the two in charge of the business while he served as U.S. president from 2017 to 2021. Eric Trump said he was not even aware of the financial statements that were used to secure loans and insurance that allowed the company to keep functioning. James is seeking at least $250 million in damages, as well as a permanent ban on Trump, Donald Jr. and Eric from running businesses in the state. The trial is one of many legal troubles Trump must contend with as he campaigns to regain the presidency.
Persons: Jack Queen, Eric Trump, Donald Trump Jr, Donald Trump's, Trump, Andrew Amer, Donald Jr, Judge Arthur Engoron, Michael Cohen, Engoron, Letitia James, Hunt, Ivanka, Joe Biden, James, Eric, glowering, Andy Sullivan, Scott Malone, Will Dunham, Lisa Shumaker, Jonathan Oatis Organizations: Jack Queen NEW, Trump, New York, Republican, Democratic Locations: New York, Springs, New York City, Manhattan, Washington
The back-to-back appearances Thursday from Donald Trump Jr. and Eric Trump – who both helped run the Trump Organization while their father was in the White House – comes ahead of the former president’s own testimony on Monday. Donald Trump Jr. and Eric Trump are co-defendants in the case, along with their father, the Trump Org., and several company executives. Eric Trump acknowledged he provided information to former Trump Org. But he tried to distinguish between specific statements of financial condition – his father’s personal financial statements at the heart of the civil case – and general financial records for the company. Some internal policies and methodologies “have been bolstered” since the investigation began, Trump Jr. said.
Persons: Donald Trump’s, Donald Trump Jr, Eric Trump –, , Eric Trump, Andrew Amer’s, Jeff McConney, , ” Eric Trump, Amer, David McArdle, wasn’t, “ That’s, McConney, Donald Trump, Trump, Faherty, Judge admonishes Trump, Chris Kise, Engoron, Kise, “ I’m, I’m, ” Kise, He’s, , She’s, Letitia James, It’s, Joe Biden, Hunt, ” Trump Organizations: New, New York CNN, The New York Attorney, Trump Organization, Trump Org, Cushman, Trump, Trump Jr, Deutsche Bank, Post, Trump International, White Locations: New York, Seven, Doral, Wakefield, Tower, Chicago, Florida, Washington , Florida, Georgia
A defense lawyer's late afternoon snipe about a law clerk sparked drama at the Trump fraud trial. The blowup came when Trump lawyer Christopher Kise snarked "ask your law clerk first," to the judge. AdvertisementAdvertisementHearing her referenced with derision yet again, the typically affable judge hit the figurative roof, as Eric Trump watched, blank-faced, from the witness stand. "If you keep referring to my principal law clerk, I will consider expanding the gag order to include you and your attorneys." "I have an absolute right, an absolute unfettered right, to get advice from my principal law clerk," as with anyone on his three-member staff, he said.
Persons: Trump, Christopher Kise snarked, , Christopher Kise, Eric Trump, Kise, Arthur Engoron, Engoron, Donald Trump, Allison Greenfield, Amer, Andrew Amer, Greenfield, he'd, I'm, Alina Habba, Letitia James, that's, who's, Chuck Schumer, he's, James – Organizations: Service, New, Trump, Trump Organization Locations: Manhattan, Greenfield
A defense lawyer's late afternoon snipe about a law clerk sparked drama at the Trump fraud trial. The blowup came when Trump lawyer Christopher Kise snarked "ask your law clerk first," to the judge. The temper-flaring, accusations, and judicial threats were sparked in the Manhattan courtroom by a wise-crack comment from Trump lawyer Christopher Kise, who was raising a routine objection during late-afternoon testimony by Eric Trump. AdvertisementAdvertisementHearing her referenced with derision yet again, the typically affable judge hit the figurative roof, as Eric Trump watched, blank-faced, from the witness stand. "If you keep referring to my principal law clerk, I will consider expanding the gag order to include you and your attorneys."
Persons: Trump, Christopher Kise snarked, , Christopher Kise, Eric Trump, Kise, Arthur Engoron, Engoron, Donald Trump, Allison Greenfield, Amer, Andrew Amer, Greenfield, he'd, Alina Habba, Letitia James, that's, who's, Chuck Schumer, he's, James — Organizations: Service, New, Trump, Trump Organization Locations: Manhattan, Greenfield
David Siegel went to work for an affiliate of Guaranteed Rate in 2021 and got a signing bonus of more than $100,000. Interest rates were super low, and mortgage bankers were raking in cash. Now that business has dried up, the mortgage company wants its money back. He said it fired him one month shy of the date when it could no longer ask for the bonus back, then demanded the money. Guaranteed Rate and its affiliates are also telling hundreds of other former employees that they have to return their signing bonuses, people familiar with the matter said.
Persons: David Siegel
Reuters GraphicsThe Tel Aviv Inter-Bank Offered Rate, or TELBOR , a proxy for interest rate expectations, shows markets are now pricing in just over 50 bps of rate cuts over the next 12 months. "We thought the market was overreacting and exaggerating a rate cut in the (Oct. 23) decision, during the war," Bank Hapoalim's Shafrir said. The central bank's own economists project 50-75 bps of rate cuts in the next year. Prior to the war, markets had predicted that the benchmark rate would be lowered by at least 100 bps through 2024 as inflation returned to its target range. Israel's next rate decision is due on Nov. 27 with markets currently expecting rates to be held, and the three-month TELBOR rate pointing to a 25 bps cut in early 2024.
Persons: Violeta Santos Moura, Morgan Stanley, Georgi Deyanov, Modi Shafrir, Amir Yaron, Andrew Abir, Shafrir, Yaron, Anatoliy Shal, Shal, Steven Scheer, Karin Strohecker, Sumanta Sen, Kirsten Donovan Organizations: REUTERS, Palestinian, Hamas, Bank of Israel, Bank Hapoalim, Reuters, Tel Aviv Inter, Monday, P Global Market Intelligence, Thomson Locations: Israel's, Gaza, Israel, LONDON, Jerusalem, London
At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 cents plus 0.05% of the transaction amount. Photo: Alyssa Schukar for The Wall Street JournalWASHINGTON—The Federal Reserve proposed lowering by about 30% the fees merchants pay to many banks when consumers shop with debit cards, setting off a fight with banks that oppose the changes. At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 cents plus 0.05% of the transaction amount, which is the level set by the Fed in 2011. The Fed can lower the cap if it determines the costs for processing debit-card payments are declining, but it had never previously done so.
Persons: Alyssa Schukar Organizations: JPMorgan Chase, Bank of America, Wall Street Journal WASHINGTON, Federal Reserve, Fed
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