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☆ U.S. solar energy company explains decision to set up a factory in the Philippines
▼ + stars: | 2024-03-13 | 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 EmailU.S. solar energy company explains decision to set up a factory in the PhilippinesScott McHugo, founder and CEO of Sol-Go, discusses U.S. Secretary of Commerce Gina Raimondo's delegation to the Philippines, which his company is part of.

Persons: Philippines Scott McHugo, Commerce Gina Raimondo's Organizations: U.S, Sol, Commerce Locations: Philippines

☆ With Trump set to return to court, his delaying strategy is working so far
▼ + stars: | 2024-03-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

Trump’s efforts to run out the clock on his federal election trial are also bearing fruit. The New York criminal case involves a hush money payment to a former adult film actress. He wants the judge to push back the trial until after the Supreme Court rules on his presidential immunity case. This seems a long shot since the hush money payment was made before the 2016 election and before Trump took office. Why the credibility of the legal system depends on due processTrump’s motivation in delaying the trials is not just to put off his multiple days of judgment.

Persons: Donald Trump, Trump, –, Jack Smith’s, Aileen Cannon, Joe Biden –, Cannon, Fani Willis, Scott McAfee, McAfee, Willis, Smith’s, Tanya Chutkan, Jamie Raskin, ” Raskin, CNN’s Manu Raju, we’ve, ”, Sen, Jen Jordan, CNN’s Anderson Cooper, ” Jordan, Jean Carroll Organizations: CNN, Republican, Trump, New, Maryland Democratic, Capitol, ” Former, Trump Organization Locations: Florida, Georgia, Fort Pierce , Florida, Fulton County, New York, ” Former Georgia, Peach

☆ Georgia judge says he’s on track to rule this week on whether to remove DA Fani Willis from Trump election case
▼ + stars: | 2024-03-12 | by ( Nick Valencia | Jason Morris | ) edition.cnn.com time to read: +2 min

CNN —The presiding judge in former President Donald Trump’s Georgia election subversion case says he is on track to order this week on whether to disqualify Fulton County District Attorney Fani Willis. And I’ll tell you that an order like this takes time to write,” McAfee said in the interview. McAfee told the court at the end of the Willis disqualification hearings that he would take at least two weeks to decide. They are too young to have any idea what’s going on or what I do.,” the judge said. “But what I’m looking forward to one day is maybe they grow up a little bit and ask me about it, and I’m looking forward to looking them in the eye and tell them I played it straight and I did the best I could.”

Persons: Donald Trump’s, Fani Willis, Scott McAfee, Willis, Trump, “, ” McAfee, I’ve, ”, McAfee, Nathan Wade, Shelley Wynter Organizations: CNN, Fulton, WSB Radio, WSB Radio – Locations: Donald Trump’s Georgia, Fulton County, Atlanta

☆ When the Pandemic Hit Home
▼ + stars: | 2024-03-12 | by ( Catherine Pearson | ) www.nytimes.com time to read: +11 min

The World Health Organization declared Covid-19 a pandemic on March 11, 2020 — but we all have our own memories of when normal life stopped. ASIA EDWARDS, 39, BLOOMFIELD, N.J.Johnna Wallace While driving to work at the beginning of the pandemic, I couldn’t help but wonder: Was this how I was going to die? I am an emergency room nurse. Scott McGlasson My 55-year-old wife was dying from metastatic breast cancer when the pandemic hit. WENDY LAMPARELLI, 57, RIDGEFIELD PARK, N.J.Ellen Blossom Our home was hit by a tornado on March 3.

Persons: Sheehan Fisher, Katie MacGregor, KATIE MacGREGOR, WHITING , MAINE Asia Edwards Covid, ASIA EDWARDS, Johnna Wallace, JOHNNA WALLACE, Julie DeJager, Tom Hanks, JULIE DeJAGER, CLEVELAND , OHIO Katherine Schwartz, Covid, it’ll, ”, Wanda, KATHERINE SCHWARTZ, Jean Martirez Barton, —, “, JEAN MARTIREZ BARTON, Lauren Alzos, I’d, LAUREN ALZOS, BROOKLYN Farah Alvin My, Chuck E, cupcakes, ” FARAH ALVIN, Vicky Fleming I’m, VICKY FLEMING, Scott McGlasson, SCOTT McGLASSON, MINNEAPOLIS Aisha McMillan, AISHA McMILLAN, BALTIMORE Melissa Manning, MELISSA MANNING, CITY Sarah Cornwell, SARAH CORNWELL, Christie Poulton, CHRISTIE POULTON, Wendy Lamparelli, WENDY LAMPARELLI, Ellen Blossom, ELLEN BLOSSOM, NASHVILLE Maryann Briggs, Jasmine, MARYANN BRIGGS, Matt Dominianni, MATT DOMINIANNI, Carrie Shanafelt, CARRIE SHANAFELT, BRONX Ali Jordahl, Terri Tilford, I’m immunocompromised, TERRI TILFORD, Tim Prendergast, TIM PRENDERGAST Organizations: World Health Organization, Northwestern University Feinberg School of Medicine, The Times, Costco, GREAT, BJ’s Wholesale, Broadway, CITY, NASHVILLE, Bronx ., BRONX, ALI, ATLANTA, TIM Locations: Mason City , Iowa, WHITING , MAINE Asia, BLOOMFIELD, N.J, DURHAM, CONN, CLEVELAND , OHIO, New Mexico, Chicago, Albuquerque, EVANSTON, Manhattan, BROOKLYN, P.P.E, GREAT BARRINGTON, MINNEAPOLIS, BALTIMORE, HILLSBORO, RIDGEFIELD PARK, Covid, BOULDER, COLO, Bronx, Atlanta, PALM SPRINGS, CALIF

☆ Open Arms ship carrying aid to Gaza departs from Cyprus, World Central Kitchen
▼ + stars: | 2024-03-12 | by ( Scott Mclean | ) edition.cnn.com time to read: +3 min

CNN —A ship carrying humanitarian aid to Gaza has departed the port city of Larnaca in Cyprus, according to World Central Kitchen, a non-profit which said it is the first maritime shipment of aid to the war-torn strip. The non-profit said it had partnered with the United Arab Emirates, Cyprus and the Spanish charity Open Arms to coordinate the dispatch. The aid dispatch comes as Cyprus, the European Commission, the United States, the United Arab Emirates, and the United Kingdom are working to establish a maritime corridor to deliver aid assistance directly to Gaza. World Central Kitchen says it has served more than 35 million meals in Gaza since October, and is working with almost 400 locally-hired staff. Humanitarian workers and government officials working to deliver urgently needed aid for Gaza say a clear pattern has emerged of Israeli obstruction.

Persons: ” WCK, Konstantinos Letymbiotis, WCK, Jose Andres, Kamal Adwan Organizations: CNN, Arms, United Arab, Spanish, European Commission, UN, Food, Kamal Locations: Gaza, Larnaca, Cyprus, United Arab Emirates, United States, United Kingdom, Cypriot

☆ For This Rookie Judge, a Pivotal Decision Looms in the Georgia Trump Case
▼ + stars: | 2024-03-11 | by ( Danny Hakim | Richard Fausset | ) www.nytimes.com time to read: +1 min

For Judge Scott McAfee, it was probably an awkward moment. At a hearing in Atlanta last month, he issued a warning to his former boss, Fani T. Willis, the Fulton County district attorney, during her combative turn on the witness stand. Ms. Willis, who was fighting allegations that threatened her grip on the election interference case against former President Donald J. Trump, had grown so irritated with a defense lawyer that she began expressing her frustration directly to the judge. “I’m going to have to caution you,” the soft-spoken Judge McAfee, of Fulton County Superior Court, told her in response. Legal experts generally agree that Ms. Willis used poor judgment in paying a romantic partner public funds while he was also at least partly paying for vacations they took together — the basis for the defense argument that she engaged in “self-dealing.”

Persons: Scott McAfee, Fani, Willis, Donald J, Trump, “ I’m, McAfee, ” Ms, Willis’s, Judge McAfee, Nathan Wade, ” Organizations: Fulton County Superior Court Locations: Atlanta, Fulton County, Georgia

☆ GM cuts Chevy Blazer EV price as sales restart following software issues
▼ + stars: | 2024-03-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Scott Mlyn | CNBCDETROIT — General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less than when it first went on sale in August. "There is not this singular, predominant root cause that causes all of these issues," Cetinok told CNBC during an interview. Still no Apple CarPlayIn addition to fixing the software issues, GM added or changed some features following early customer feedback. More expensive "RS" models of the Blazer EV will be reduced by $5,620 to starting prices of $54,595 for all-wheel drive, or $56,170 for rear-wheel drive.

Persons: Scott Mlyn, Baris, Cetinok, Price Organizations: Electric, CNBC DETROIT —, Motors, Chevrolet, GM, CNBC, Apple, Blazer SS EV, Android Auto, Blazer, Apple Inc

☆ Trump DA Fani Willis' credibility has been shot over messy testimony — but perjury charges are very unlikely: legal experts
▼ + stars: | 2024-03-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

DA Fani Willis' credibility has been damaged following a misconduct hearing, legal experts said. Willis' 'credibility is shot'Legal experts have long said that the hearing, and the relationship between Willis and Wade, doesn't look good for Willis. Rahmani said the distraction of it all is enough that Willis should recuse herself from the Trump case. On trips they took together, Willis and Wade testified that Willis paid Wade back for her portion in cash. Ms. Yeager heard District Attorney Willis tell Mr. Bradley: 'They are coming after us.

Persons: Fani Willis, Willis, Donald Trump, —, Trump, Wade, it's, Rahmani, Ashleigh Merchant, Trump codefendant Mike Roman, Nathan Wade, Wade —, Daysha Young, Andrew Evans, Alex Slitz, doesn't, Sarah Krissoff, Cozen O'Connor, Krissoff, Scott McAfee, McAfee, Terrence Bradley, Merchant, Bradley, Manny Arora, Cindi Lee Yeager, Cobb County , Georgia —, Trump codefendant David Shafer, Yeager, John Bazemore, Elijah Nouvelage, Mr, Trump codefendant Cathleen Latham, Arora —, Kenneth Chesebro, Arora, Adam Abbate, Abbate Organizations: Service, Fulton, West, Trial, Trump codefendant, Trump, codefendants, Merchant, Wade, Business, USA, Network, Reuters, District Attorney, AP, Washington Post Locations: Georgia, Fulton County, California, Atlanta, Manhattan, Fulton, Cobb County , Georgia

☆ Why Australia keeps an arm’s length from South China Sea tensions, even as it draws closer with the Philippines
▼ + stars: | 2024-03-04 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +8 min

CNN —When Philippine President Ferdinand Marcos Jr. addressed the Australian Parliament last week there was no mistaking the fighting talk. The Philippines accused China's coast guard of setting up the barrier at the mouth of the disputed fishing ground. That meeting will also be attended by several other nations with territorial disagreements with China – including Vietnam, Brunei and Malaysia. Collin Koh, research fellow at the S. Rajaratnam School of International Studies in Singapore, said Australia was unlikely to back any tough language at the summit pertaining to the South China Sea or any other hot-button issue. As Bisley put it, “We don’t like what China does, but we’re not going to put ourselves in harm’s way.”

Persons: Ferdinand Marcos Jr, ”, Marcos, Rodrigo Duterte, –, Thomas Shoal, David, China’s, Marcos ’, China –, Scott Morrison, Collin Koh, Penny Wong annouced, Anthony Albanese, Albanese, Lukas Coch, Susannah Patton, it’s, ” Patton, China’s aggressions, Wang Wenbin, Nick Bisley, Bisley, we’re Organizations: CNN, Maxar, Association of Southeast Asian Nations, ASEAN, China, Rajaratnam, of International Studies, Australia, Australian, Partners, Reuters, South China, Southeast Asia, Lowy Institute, China’s Ministry of Foreign Affairs, La Trobe University Locations: Philippines, China, South China, Manila, China’s, Philippine, Scarborough, Scarborough Shoal, Hague, United States, Canberra, Australia, Melbourne, Vietnam, Brunei, Malaysia, Beijing, Singapore, South, Penny Wong annouced Canberra, Southeast Asia, Japan, India

☆ Live updates: Trump classified documents hearing, Fani Willis case closing arguments
▼ + stars: | 2024-03-01 | by ( ) edition.cnn.com time to read: +2 min

Special Counsel Jack Smith and attorneys for Trump proposed moving the trial later into the summer in court filings Thursday. Smith said he believes that Trump and his two co-defendants, Walt Nauta and Carlos De Oliviera, should go to trial on July 8, 2024. For Friday’s hearing in the documents case, scheduled for 10 a.m. Hearing over efforts to disqualify Fani Willis: Defense attorneys in Fulton County will deliver their closing arguments as to why Fulton County District Attorney Fani Willis should be dismissed from the election interference case against Trump and his alleged co-conspirators. Attorneys for Trump and his allies are expected to argue that Wade and Willis lied under oath about when their relationship started.

Persons: Donald Trump, Aileen Cannon, Joe Biden’s, Jack Smith, Trump, Smith, Walt Nauta, Carlos De Oliviera, Cannon, —, Fani Willis, Scott McAfee, Willis, Nathan Wade, Wade Organizations: Trump —, Trump Locations: Fulton County

In Florida, meanwhile, a federal judge could push back Trump’s trial date in the classified documents case. Special Counsel Jack Smith and attorneys for Trump proposed moving the trial later into the summer in court filings Thursday. For Friday’s hearing in the documents case, scheduled for 10 a.m. Smith has highlighted a myriad of threats made against individuals connected to the documents case, including witnesses, government employees, an FBI agent involved in the initial Mar-a-Lago search and two federal judges, including Cannon herself. Attorneys for Trump and his allies are expected to argue that Wade and Willis lied under oath about when their relationship started.

Persons: Donald Trump, Trump, Fani Willis, Aileen Cannon, Joe Biden’s, Jack Smith, Smith, Walt Nauta, Carlos De Oliviera, De Oliviera’s, Cannon, —, Biden, – Nauta, De Oliveira, –, Willis, Scott McAfee, Nathan Wade, Wade, McAfee, Charles Mittelstadt, Terrence Bradley, Bradley, Ashleigh Merchant, Merchant Organizations: CNN, Trump —, White, National Security Council, Prosecutors, Trump Locations: Georgia, Florida, Fulton County, California, Belize, Caribbean

In Florida, Trump’s attorneys told Judge Aileen Cannon his Mar-a-Lago classified documents case should wait until after the 2024 election. But both hearings could have a significant impact on when – or whether – Trump will face trial in each of those two cases. The only case that appears set: Trump’s New York criminal trial will begin March 25, which Trump’s attorneys said was a “firm” date in court Friday. Fulton County District Attorney Fani Willis attends a hearing on the Georgia election interference case on Friday in Atlanta. When Trump’s attorneys argued for the hearing, Cannon pushed them to describe how they could narrow its scope and asked them to lay out specifically what a hearing would examine.

Persons: Donald Trump’s, Aileen Cannon, Scott McAfee, Fani Willis, Nathan Wade, – Trump, Jack Smith’s, Willis, Wade, McAfee, Craig Gillen, Alex Slitz, “ We’ve, ”, Gillen, David Shafer, “, ” Gillen, Cannon, Jack Smith, –, Todd Blanche, ” Blanche, Jay Bratt, ” Bratt, ” Cannon, Trump, David Harbach, Biden, Harbach, Emil Bove, ” McAfee, Terrence Bradley, Donald Trump, Steve Sadow, Bradley –, What’s, they’ve, They’ve, Sadow, Bradley, ” Sadow Organizations: CNN, Trump, Fulton, Georgia Republican, “ Prosecutors, ”, Justice Department, Prosecutors, Biden White, FBI Locations: Florida, Georgia, Fulton County, Washington, York, Atlanta

☆ Prosecution of Trump in Georgia Hangs in Balance at Hearing
▼ + stars: | 2024-03-01 | by ( Richard Fausset | Danny Hakim | ) www.nytimes.com time to read: +1 min

The presiding judge, Scott McAfee of Fulton County Superior Court, is not likely to rule on the matter on Friday. Details of her personal life have been spilled out in the Atlanta courthouse where she had hoped to put Mr. Trump and 14 co-defendants on trial as soon as this summer. The stakes are high: If Ms. Willis is disqualified from the case, her entire office would be, too, and the case would probably be turned over to a district attorney from another jurisdiction. The new prosecutor could choose to continue the case as planned, modify the charges or drop them. Disqualification would reduce the chances that a trial would begin before the November presidential election, in which Mr. Trump is expected to be the Republican nominee.

Persons: Donald J, Trump, Willis, Scott McAfee, Rather Organizations: Fulton County Superior Court, Republican Locations: Georgia, Fulton County, Atlanta

☆ Christie's just sold a Rothko painting for $100 million in a secret sale. Here are the details
▼ + stars: | 2024-02-29 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Christie's auction house in New York. Auction house Christie's just sold a painting for more than $100 million, although the artwork, the buyer and the seller were officially kept a secret. In an interview with CNBC, CEO Guillaume Cerutti said Christie's sold a painting in January in a private sale with a price "in excess of $100 million," though the auction house declined to provide details. In a private sale, a work is brought for a possible sale to an auction house, which reaches out to its top clients and brokers a deal. Private sales have surged since the Covid-19 pandemic, as more and more collectors prefer discreet transactions outside the public eye.

Persons: Robert Frank, Guillaume Cerutti, Christie's, Mark Rothko's, Green, Dmitry Rybolovlev, Kenneth Griffin, Griffin, Ken Griffin, Scott Mlyn, Mark Rothko Organizations: CNBC, Citadel, CNBC's, Alpha, Private Locations: New York

☆ We're raising our price target on TJX after the discount retailer's impressive earnings beat
▼ + stars: | 2024-02-28 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Higher sales and lower COGS resulted in better-than-expected gross margin expansion that trickled down to a bottom-line beat. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns.

Persons: Ernie Herrman, —, Herrman, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Companies, LSEG, Management, Wall, TJX, CNBC, Shoppers, TJ Maxx, CNBC TJX Companies Locations: Maxx, buybacks, Canada, New York

The text messages raise questions about Bradley’s credibility, and the degree to which Merchant appeared to rely on his claims that she was then unable to substantiate elsewhere. Wade and Willis have admitted to being romantically involved, but both have testified their relationship started after Willis appointed Wade lead prosecutor in the Trump case. Merchant had said that he would contradict testimony from Willis and Wade once he took the stand. “Why would you speculate when she was asking you a direct question about when the relationship started?” Sadow pushed. The additional text messages show Bradley calling Merchant his “friend,” offering unsolicited advice, and also bashing Willis and Wade, Bradley’s former law partner.

Persons: Fani Willis, Donald Trump, Terrence Bradley, Ashleigh Merchant, Trump’s, Bradley, Willis, Nathan Wade, Wade, Bradley’s, Merchant, Trump, ”, Steve Sadow, ” Sadow, ” Bradley, “, Merchant ., ” Merchant, ” “, Michael Moore, Scott McAfee, ” Moore Organizations: CNN, Trump, Merchant Locations: Georgia, Wade’s

☆ Testimony to Resume as Trump and Georgia Co-Defendants Seek D.A.’s Removal
▼ + stars: | 2024-02-27 | by ( Richard Fausset | Danny Hakim | ) www.nytimes.com time to read: +1 min

The judge overseeing the Georgia election interference case against former President Donald J. Trump has ordered a key witness back to the stand, as the judge weighs whether Fani T. Willis, the prosecutor who brought the case, has a disqualifying conflict of interest. The witness is Terrence Bradley, the former divorce lawyer and law partner of Nathan Wade, whom Ms. Willis hired to manage the Trump case. The ruling on Monday by Judge Scott McAfee of Fulton County Superior Court is a victory for Mr. Trump and his 14 co-defendants, as they seek to have Ms. Willis, Mr. Wade and Ms. Willis’s entire office removed from the high-stakes case. The defense questioned Mr. Bradley during a court hearing earlier this month, in an attempt to find out whether Mr. Wade and Ms. Willis were being truthful about key details of a romantic relationship that developed between them, including their assertion that the romance began after Mr. Wade began working for Ms. Willis in November 2021. Mr. Bradley declined at that time to answer questions related to what he knew about the romance, citing attorney-client privilege and other rules that shield lawyers from having to disclose communications with clients.

Persons: Donald J, Trump, Willis, Terrence Bradley, Nathan Wade, Judge Scott McAfee, Mr, Wade, Willis’s, Bradley Organizations: Fulton County Superior, Mr Locations: Georgia, Fulton County

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

CNN —A Georgia lawyer who had been billed as a star witness in the effort to disqualify Fulton County District Attorney Fani Willis did not deliver damaging testimony Tuesday on her romantic relationship with prosecutor Nathan Wade. “I do not have knowledge of it starting, or when it started,” Bradley said at one point. That filing leveled allegations that Willis and Wade engaged in an improper romantic relationship from which Willis financially benefited. “Why would you speculate when she was asking you a direct question about when the relationship started?” Sadow pushed. That means attorneys can use it to bolster their legal arguments about whether Willis should be disqualified without witness testimony.

Persons: CNN —, Fani Willis, Nathan Wade, Terrence Bradley, Willis, Wade, Donald Trump, Bradley, –, “, ” Bradley, ” Ashleigh Merchant, ” Merchant, Scott McAfee, CNN’s Nick Valencia, ’ Bradley, Merchant, Willis ’, ‘, ’ ” Bradley, “ Mr, Richard Rice, ” Trump, Steve Sadow, ” Sadow, ’, McAfee Organizations: CNN, Fulton, Trump, Bradley Locations: Georgia, Fulton County, Atlanta, South Fulton

☆ Warren Buffett honors Charlie Munger in annual note, Berkshire reports record cash pile
▼ + stars: | 2024-02-24 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +11 min

Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.

Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, ”, Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, “, Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho

Friday’s filing from Steve Sadow, Trump’s lead attorney in the Georgia case, included an affidavit from a criminal defense investigator who said he relied on subpoenaed cell phone information and cell tower data. The investigator, Charles Mittelstadt, said he generated a report that isolated “all interactions,” including calls and text messages between Wade and Willis. (Trump’s attorney submitted a new filing Friday afternoon to clarify the types of exchanges between Wade and Willis.) In addition, Willis and Wade exchanged phone calls late into the evenings during this time, the investigator says, citing Wade’s subpoenaed cell phone data. This story has been updated with the revised filing from Trump’s attorneys, referring to 12,000 “interactions” between Wade and Willis.

Persons: Donald Trump, Fani Willis, Nathan Wade, Willis, Wade, Steve Sadow, Trump’s, Charles Mittelstadt, “, ”, Mittelstadt, Wade’s, ” Wade, Trump, Scott McAfee, McAfee, Terrence Bradley, Bradley Organizations: CNN, Trump Locations: Georgia, Fulton County, Fulton

☆ Nvidia Is a Must-Buy. Or Is It?
▼ + stars: | 2024-02-22 | by ( Joe Rennison | ) www.nytimes.com time to read: +1 min

In 2002, after the dot-com bubble burst and Sun Microsystems swooned, the company’s co-founder Scott McNealy highlighted the folly of Wall Street analysts who favored one particular financial metric to gauge a stock’s worth: its price relative to the company’s sales. Mr. McNealy was musing about the “price to sales” ratio — an important measure of a company’s value relative to how much cash it generates. A high ratio can be justified if investors think a company has room to grow; a low ratio typically signals that investors think the company is accurately valued. Even if Sun passed on every dollar it was making at the time to investors, it would have taken them a decade to recover their investment. “Do you realize how ridiculous those basic assumptions are?” Mr. McNealy told Businessweek.

Persons: Scott McNealy, McNealy, Sun Organizations: Sun Microsystems, Street, Businessweek

☆ Trump Breaks Silence on Navalny, Casts No Blame on Putin
▼ + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - Donald Trump, who drew criticism as U.S. president for his praise of Russian leader Vladimir Putin, made his first public comment on the death of Russian opposition leader Alexei Navalny on Monday in a cryptic social media post that cast no blame. "Putin is responsible for Navalny's death," Biden said. Former presidents and top members of Congress from both parties had also denounced Putin over the death of Navalny, Russia's most prominent opposition leader since it was reported on Friday. But Trump, the frontrunner for the Republican nomination to challenge Biden in the November election, had remained silent until Monday. Photos You Should See View All 33 ImagesDuring his 2017-2021 White House tenure, Trump expressed admiration for Putin.

Persons: Donald Trump, Vladimir Putin, Alexei Navalny, Trump, Joe Biden, Putin, Nikki Haley, Biden, Navalny, Doina Chiacu, Scott Malone, Nick Macfie Organizations: WASHINGTON, Prosecutors, Borders, WE, Republican, White, NATO Locations: United States, Russian

A judge will continue to hear testimony Friday in a hearing that could derail the election subversion case against Donald Trump and others. Judge Scott McAfee is considering whether Fulton County District Attorney Fani Willis should be disqualified from the case based on allegations that she and Nathan Wade, the special prosecutor she hired to lead the case, engaged in an improper romantic relationship which financially benefitted the district attorney. Here's what to watch:The allegations against Wade and Willis: The alleged affair was first raised by Trump’s co-defendant, former 2020 campaign official Mike Roman. Last month in a court filing he accused Willis of financially benefiting from selecting Wade to lead the case. Roman alleges that Wade took Willis on lavish vacations, paid partly with what he billed her office for work on the case.

Persons: Donald Trump, Scott McAfee, Fani Willis, Nathan Wade, Wade, Willis, Trump’s, Mike Roman, Roman, McAfee, Trump, Read Organizations: ’, of, Fulton Locations: Fulton County, Georgia, of Georgia

☆ Fani Willis takes the stand hellbent on setting the record straight — but legal experts are split on whether her testimony did more harm than good
▼ + stars: | 2024-02-16 | by ( Erin Snodgrass | Haven Orecchio-Egresitz | Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Citing a filing from Wade's divorce proceedings, attorneys for the defendants alleged that Wade and Willis had an improper relationship. A witness for the defense attorneys alleged Thursday that Willis and Wade's relationship began in 2019. Nathan Wade, the Georgia prosecutor who admitted to a relationship with his colleague, Fulton County DA Fani Willis, in court. Fulton County DA Fani Willis testifies at a hearing Feb. 15 in Atlanta on her relationship with Special Prosecutor Nathan Wade. Most experts were skeptical that the evidence presented Thursday would lead to Willis or Wade being dismissed from the case.

Persons: —, Fani Willis, Nathan Wade, Donald Trump, Scott McAfee, Willis, Wade, pugnacious, Mike Roman, Trump, Stephen Gillers, McCaffee, I've, It's, Gillers, Norman Eisen, Trump's, DA Willis, Eisen, Sarah Krissoff, Krissoff, Mark Bederow, wasn't, Bederow, Neama, Cash, Rahmani, Pool Willis, I'm Organizations: Service, Business, Trump, Fulton, New York University, YouTube, Willis Locations: ATLANTA , Georgia, Fulton County, Georgia, Atlanta, New York, Manhattan, California

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