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☆ Trump’s Sons Cast the Blame for Fraud on Their Company’s Accountants
▼ + stars: | 2023-11-02 | by ( ) www.nytimes.com time to read: +1 min

Donald Trump Jr. was mostly calm but often evasive as he blamed outside accountants for any errors in company financial statements during nearly two hours on the stand. His younger brother, Eric, who now runs the Trump Organization, was more precise in his answers but more combative in his tone. He acknowledged his central role within the company but denied direct involvement with the documents. At one point, Eric Trump erupted in anger at questioning from a lawyer with the New York attorney general’s office about whether he was aware of the financial statements in question. He replied that it should be assumed that a business of that size would have had financial statements.

Persons: Eric, Donald J, Trump, Donald Trump Jr, Eric Trump Organizations: Trump Jr, Court, Trump Organization, New Locations: Manhattan, New York

☆ Eric and Donald Trump Jr. testified — within an hour of each other — that they had nothing to do with their father's net worth statements
▼ + stars: | 2023-11-02 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Donald Trump's adult sons, Eric and Don Jr., both took the stand at his fraud trial on Thursday. Ivanka Trump and Donald Trump himself are scheduled to testify next week. Prosecutors noted that he had signed off on documents, but again Donald Jr. testified he trusted the lawyers and accountants who prepped the papers. Less than an hour after prosecutors wrapped up the first son's testimony, Eric Trump took the stand and insisted he, too, had nothing to do with the documents. November 2, 2023: This story has been updated with additional context and clarifications about Eric Trump and Donald Trump Jr.'s statements in court.

Persons: Donald Trump's, Eric, Don Jr, Ivanka Trump, Donald Trump, —, Donald Trump Jr, Don . Jr, Donald Jr, Judge Engoron, Eric Trump, Eric —, didn't, Trump Organizations: Service, NY, Mazars, Prosecutors, Trump Organization Locations: Manhattan

☆ At NY Trial, Eric and Donald Trump Jr Say They Were Not Aware of Fraud
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

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

☆ Live updates: Donald Trump Jr. testifies in Trump civil fraud trial
▼ + stars: | 2023-11-01 | by ( Dan Berman | Shania Shelton | ) edition.cnn.com time to read: +1 min

Donald Trump Jr. in court on Wednesday in New York. Mike Segar/Pool/APThe New York attorney general’s office began the questioning of Donald Trump Jr. in the civil fraud trial by asking if he was familiar with accounting standards, such as the generally accepted accounting principles (GAAP). Trump Jr. responded that his knowledge of GAAP was limited to what he learned in “Accounting 101” during college in the 1990s. “I know nothing about GAAP — I leave it to my accountants,” Trump Jr. said. More context: Trump Jr., an executive vice president of the Trump Organization, is testifying as a defendant in the New York attorney general’s civil lawsuit against Trump, his sons and the Trump Organization.

Persons: Donald Trump Jr, Mike Segar, Trump, “, ” Trump, Eric Organizations: New, Trump Jr, Trump Organization, Trump Locations: New York

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

☆ Donald Trump Jr. Denies Responsibility for Company Business Statements
▼ + stars: | 2023-11-01 | by ( Jonah E. Bromwich | Kate Christobek | ) www.nytimes.com time to read: +1 min

Donald Trump Jr. testified on Wednesday that he had no involvement in annual financial statements that his family’s business gave banks and insurers despite language in the statements themselves suggesting that he was partially responsible for them. His contention, which came during the trial of a civil fraud lawsuit brought by the New York attorney general, capped an afternoon of otherwise unremarkable testimony from Mr. Trump, who is the first of his family members to testify about the case. Asked whether he worked on one such statement, from 2017, Mr. Trump was clear: “I did not. That’s what we pay them for.”He soon clarified that his conversations with others at the company may have informed the financial statement. The attorney general, Letitia James, has said such papers were filled with fraud that helped the company, the Trump Organization, gain favorable treatment from lenders.

Persons: Donald Trump Jr, Trump, ”, Letitia James Organizations: New, Mr, Trump Organization Locations: New York

The BoE is monitoring the labour market closely as it considers whether it needs to resume raising interest rates, having kept them on hold in September after 14 hikes in a row. Under the previous methodology, the unemployment rate had been reported as 4.3% for the three months to July rather than 4.2%. Still, the new data showed more slack in the labour market than the BoE had predicted in August, when it forecast an unemployment rate of 4.1% for the third quarter as a whole. "It is probably only a matter of time before the recent loosening of the labour market feeds through into significantly slower wage growth," Pugh said. The latest ONS estimate showed employment fell by 133,000 in the three months to July, compared with 207,000 in its previous estimate.

Persons: BoE, Thomas Pugh, Pugh, Tony Wilson, Andy Bruce, William Schomberg, Paul Sandle, Bernadette Baum Organizations: Office, National Statistics, Bank of England, Labour Force Survey, RSM, ONS, Financial, Institute for Employment Studies, Thomson

Start your search for a tax preparer or tax advisor before the peak of tax season. How to find the best tax preparer or advisor near youLike finding the right doctor or therapist, it can take time to find the best tax preparer or tax advisor for your situation. A tax attorney has demonstrated expertise in areas of federal and/or state tax preparation and complex tax planning. How to choose a tax preparer frequently asked questionsWho is the best person to get tax advice from? A tax preparer must obtain a preparer tax identification number (PTIN) from the IRS in order to prepare a tax return in exchange for compensation.

Persons: —, it's, Kristine Stevenson Seale, Seale, It's Organizations: Service, IRS, Society of Accountants, Better, BBB, Chevron Locations: Austin , Texas, Chevron

☆ 9 entrepreneurs who left corporate America share the biggest challenges of running a business — and what to expect before quitting to work for yourself
▼ + stars: | 2023-10-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Entrepreneurship can get overglamorized," said Tyler Wright, who left a sales job to build a personal finance brand and coaching business. "You have to manage yourself better and differently because you're working a job and you're trying to get something else off the ground, but you don't have to do it." Now, "I'm the CEO, I'm the CFO, I'm the head of content, I'm the head of accounting, I'm the head of everything," he continued. "When you're working for yourself, you're responsible for making the product, planning the product, marketing the product, maintaining your studio, training your assistant.

Persons: —, Tyler Wright, there's, Wright, Phil Thompson, Mike Gardon, Thompson, Ludomir Wanot, Katie Lauffenburger, Steph Gordon, Den Mathu, Den, Gordon, it's, Adah Fitzgerald, Lauffenburger, Katie McCarron, we've, I'm Organizations: Service, Entrepreneurship, Amazon, Evergreen Housing Network, Wonder, Portland Pet Food Company Locations: America, Toronto, Portland

☆ Tech was supposed to take everyone's job. We're still working. What happened?
▼ + stars: | 2023-10-17 | by ( Matt Turner | ) www.businessinsider.com time to read: +8 min

The ATM was supposed to wipe out bank tellers. And yet, here we are in 2023, with unemployment in the US at 3.8%, and an estimated 9.6 million jobs available. Tech typically creates more jobs overallSimply put, technology creates more jobs than it takes away. For example, there were fears that the advent of ATMs would put bank tellers out of work. And sure enough, a few years after the adoption of the ATM, there were fewer bank tellers per branch.

Persons: —, Morgan Stanley, David Autor, who's, Banks, James Bessen, Here's Morgan Stanley, Uber, Carl Benedikt Frey, Daron Acemoglu, Simon Johnson Organizations: Service, Tech, Microsoft, Microsoft Excel, National Association of Economic Research, London, Oxford Martin School Locations: London, Hollywood

In a pretrial court filing, James’ office estimated that Trump exaggerated his wealth by as much as $3.6 billion. They've also called accountants Donald Bender and Camron Harris, whose firms Trump hired to prepare his financial statements. A retired Deutsche Bank official testified the financial statements were key to Trump securing hundreds of millions of dollars in loans. Weisselberg acknowledged that information in Trump’s financial statements wasn’t always accurate, such as valuing his penthouse based on the wrong size. In a decision last month, Engoron resolved the lawsuit's top claim, ruling that Trump committed years of fraud by inflating the value of assets in his financial statements.

Persons: — Donald Trump, Michael Cohen, Cohen, I’m, ” Cohen, Judge Arthur Engoron, It's, Trump, Letitia James, James ’, James, Eric, Donald Trump Jr, —, Allen Weisselberg, Jeffrey McConney, Weisselberg, ”, maligning, Patrick Birney, Mark Hawthorn, They've, Donald Bender, Camron Harris, wasn’t, “, Engoron, he'll, She's Organizations: New, Twitter, Trump, New York, Trump Organization, WHO, Longtime Trump Organization, Democrat, Deutsche Bank, Mar Locations: New York, Lago, Doral, Miami , Florida, Chicago, New York City, Manhattan, Georgia, Washington, Florida, __, Sisak, x.com

New Delhi/Hong Kong CNN —An executive at Vivo, one of China’s top smartphone makers, has been arrested in India in connection with a money laundering probe, raising fears of a renewed crackdown on Chinese businesses in the country. Guangwen Kuang, the head of administration at Vivo India, was taken into custody on Tuesday by India’s Enforcement Directorate (ED), his lawyer, Mudit Jain, told CNN. The ED is the country’s main financial crimes investigation agency, responsible for probing money laundering and violations of foreign exchange laws. Despite the regulatory crackdown, Vivo is still India’s second biggest smartphone brand, commanding 17% of the market in the second quarter, according to Counterpoint Research. Authorities in India later banned Chinese apps and subjected deals with Chinese firms to greater scrutiny.

Persons: Guangwen Kuang, Mudit Jain, Kuang, “, Xiaomi, ” Organizations: Hong Kong CNN, Vivo, Vivo India, India’s, CNN, Jain, Samsung, Research, Global Times Locations: New Delhi, Hong Kong, India, Vivo, China, China’s, Vedika

REUTERS/Jaimi Joy/File Photo Acquire Licensing RightsSYDNEY, Oct 13 (Reuters) - Phone lines at 13Yarn, a national Indigenous helpline in Australia, are ringing off the hook. Australians will vote 'Yes' or 'No' to a single line question, asking whether they agree to alter the 122-year old constitution to recognise the First Peoples. It will also create a body, called the Voice to Parliament, that can advise the government on matters affecting the Indigenous community. Supporters believe the change will unite Australia and usher in a new era with its Indigenous people, who continue to be the most marginalised people in Australia. Ian Hamm an Aboriginal man who chairs the First Nations Foundation, an Aboriginal rights organisation, said he felt his community’s voice was at risk of being silenced.

Persons: Jaimi, Marjorie Anderson's, Anderson, they've, Nathan Allen, Gilbert, Tobin, Allen, Surya Deva, Deva, Price, Anthony Albanese, Ian Hamm, Praveen Menon, Kat Stafford, Stephen Coates Organizations: REUTERS, Rights, Reuters, Australia, United Nations, Development, UN, Indigenous Peoples, First Peoples ., Authorities, Indigenous, Nations Foundation, Thomson Locations: Todd, Alice Springs, Australia, 13Yarn, Torres, Australia's, Sydney, Canada, New Zealand

☆ UK economy grew 0.2% in August, propped up by services sector
▼ + stars: | 2023-10-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

U.K. gross domestic product grew by 0.2% in August, the Office for National Statistics estimated Thursday, partially recovering from a downwardly revised 0.6% contraction in July. "It does not change the outlook for the Bank of England and confirms that the Bank Rate does not have much upside from here, but will remain at current levels for an extended period." The Bank of England last month ended a run of 14 consecutive interest rate hikes after data showed inflation was running below expectations. "The UK has grown faster than France and Germany since the pandemic and today's data shows the economy is more resilient than expected," U.K. Finance Minister Jeremy Hunt said Thursday. U.K. headline inflation dipped to an annual 6.7% in August, below expectations but still well above the Bank's 2% target.

Persons: Mathieu Savary, Jeremy Hunt, Thiru Organizations: Citibank, HSBC, National Statistics, BCA Research, Bank of England, of England, Bank, Finance, Institute of Chartered Accountants, Wales, Bank of England's Locations: Wharf, London, United Kingdom, U.K, European, France, Germany, England

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

☆ Worried AI will take your job? The history of Microsoft Excel should give you hope
▼ + stars: | 2023-10-12 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Lots of people are worried AI is going to take a bunch of jobs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Earlier this year, Goldman Sachs predicted AI would impact 300 million jobs worldwide, triggering "significant disruption" in the labor market. In a big research report published recently, Morgan Stanley compared the rise of AI with past periods of technological innovation. AdvertisementAdvertisementThat makes is absolutely key to help those who do face disruption develop new skills, something Morgan Stanley notes:

Persons: —, Goldman Sachs, Daron Acemoglu, they're, Morgan Stanley, Here's Morgan Stanley, It's Organizations: Service, IBM, Microsoft Excel

☆ The No. 1 thing CEOs are investing in right now, says a new survey—you can use it to get a lucrative job
▼ + stars: | 2023-10-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Artificial intelligence chatbots can write corporate memos, compose new episodes of The Office in iambic pentameter and potentially land you a lucrative new job. Nearly three-quarters of CEOs call generative AI a "top investing priority," according to a recent survey conducted by KPMG, an international professional services network. They're spending on AI in the hopes of increased profitability, innovation and security for their companies, respondents said. More than half of the survey's participants said they're spending more money on new technology than training current employees. The average job posting involving generative AI skills offers a $138,232 salary, says a September report from job search platform Adzuna.

Persons: Jay Shankar Organizations: KPMG, Amazon Web Services, CNBC

☆ Trump, fraud, and minding the GAAP: A guide to the accounting rules at the heart of his NY trial, courtesy of 2 standup comics who happen to be CPAs
▼ + stars: | 2023-10-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Trump's $250M fraud trial hinges on whether he followed generally accepted accounting principles. AdvertisementAdvertisementTrying to follow the Trump Organization civil fraud trial but don't understand all the quacking about "GAAP, GAAP, GAAP" — those wonky, "generally accepted accounting principles" at the heart of the trial? Donald Trump leaves his civil fraud trial in New York on its third day of testimony. "I know Trump would like to see them 'wiggle, wiggle, wiggle' for sure," she added. AdvertisementAdvertisementTrump's civil fraud trial begins its second week on Tuesday.

Persons: —, Donald Trump, Donald Trump , Jr, Trump, Letitia James, Donald Trump's, Tammara Buckey, Buckey, Buckley, Missy Hydrick, Steve Gianturco, He's, Stevie GB, Brendan McDermid, Gianturco, Seth Wenig, FASB, Fabio, James, Jason Derulo Organizations: Service, Trump Organization, New York, Trump, NY, CPA, Federal, Accounting Locations: Huntsville , Alabama, Long Island , New York, New York, York, Manhattan's

NEW YORK (AP) — An accountant who prepared Donald Trump's financial statements was back on the witness stand for a fourth day Thursday in the New York civil fraud trial examining whether the former president exaggerated his wealth. The business fraud trial stems from New York Attorney General Letitia James' lawsuit alleging that Trump and his business ginned up financial statements that vastly overvalued Trump Tower, Mar-a-Lago and other assets. James is seeking $250 million in penalties and a ban on Trump doing business in New York. The witnesses so far have been two accountants who worked on the financial statements, which went to banks, insurers and others. The defense has been trying to show that if there were problems with the financial statements, the flubs were accountant Donald Bender's fault.

Persons: Donald Trump's, Trump, didn't, Letitia James, James, He's, Donald Bender's, Jesus M, Suarez, Bender, Judge Arthur Engoron, Engoron, Barbara Jones, Jones Organizations: New York, Trump, Democrat, Republican, Trump Organization Locations: New York, —, New, Mar, Sisak, x.com

☆ NY attorney general presses case against Trump in trial's second day
▼ + stars: | 2023-10-03 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. REUTERS/Shannon Stapleton/PoolThe trial, now in its second day, could lead to the dismantling of Trump’s business empire as he seeks to regain the presidency in 2024. Before testimony resumed, Trump renewed his attacks on James, telling reporters outside the courtroom that she was “grossly incompetent” and had concocted a bogus case. “Her numbers are fraudulent,” said Trump, the frontrunner for the Republican nomination to face Democratic President Joe Biden in the 2024 election. The trial’s second day began with the government’s first witness Donald Bender, Trump’s former accountant at Mazars USA, resuming his testimony.

Persons: Donald Trump, Letitia James, Shannon Stapleton, Trump, James, ”, Joe Biden, “, ” James, Donald Bender, Kevin Wallace, Bender, Donald Jr, Eric, Arthur Engoron, Wallace, Christopher Kise, Michael Cohen, James ’ Organizations: YORK, New York, Former U.S, Trump Organization, REUTERS, Republican, Democratic, USA, Trump Locations: New, Former, Manhattan, New York City, U.S, New York, “

In front of the cameras and on his social media site, Trump attacked New York Attorney General Letitia James for bringing the case against him. Last week, Engoron ruled that Trump and his co-defendants were liable for “persistent and repeated” fraud. Trump attorney Christopher Kise argued there was no intent to defraud and “no victims” in the case. “That is not fraud, that is real estate.”Judge spars with Trump attorneysAfter Habba finished her opening statement – which attacked James for campaigning that she would “get Trump” – Engoron pushed back against the Trump attorney. The firm resigned and said Trump’s financial statements should no longer be relied upon.

Persons: Donald Trump, Arthur Engoron, Trump, general’s, Letitia James, Jack, ” Trump, “ They’re, ”, Kevin Wallace, Wallace, ” Wallace, James, Engoron, Christopher Kise, “, Alina Habba, Habba, Mona Lisa, James ’, ” Engoron, ” Habba, Kise, haven’t, ” Kise, Eric Trump, Donald Trump Jr, Donald Bender, Bender Organizations: New, New York CNN, Trump, AG, Forbes, Trump Organization, White House, Deutsche Bank, Palm Locations: New York, Manhattan, ”, Palm Beach, Habba

☆ Apron, a fintech founded by an ex-Revolut staffer, just raised $15 million in a round backed by Index Ventures with this 19-slide pitch deck
▼ + stars: | 2023-09-28 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Apron, a fintech startup that simplifies invoice payments for small businesses, has raised $15 million in a round led by Revolut-backer Index Ventures. The London-based company, founded in 2022, has developed a payments platform that pulls invoices into one place and enables firms to batch-pay their suppliers. Apron takes fees on associated interchange charges and also offers a three-tier subscription model. The $15 million in funding was led by Index Ventures, alongside Bessemer Venture Partners and Visionaries Club, and follows a $5.5 million seed round from July. Apron's new capital will go towards strengthening its team of 20 employees and doubling down on product and marketing capabilities.

Persons: Bogdan Uzbekov, we've Organizations: Revolut, Ventures, Index Ventures, Bessemer Venture Partners, Club Locations: London, Revolut

☆ How AI will change the job of the junior banker and raise the bar to entry
▼ + stars: | 2023-09-22 | by ( Bianca Chan | Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

But let's face it, many of the tasks junior bankers spend their time on could very well be done by a robot. "As a junior banker you don't critically think. With artificial intelligence progressing by leaps and bounds, how will it impact the job of the junior banker? She said it's already helping junior bankers get their jobs done faster. "It will allow junior bankers to operate at a higher level with that first pass of analysis being prepared by the technology," said Torrente.

Persons: Wall, Tamara Bitticks, it's, Carlo Allegri, Bitticks, Crystal Cox, Peter Torrente, Bogdan Tudose, Morgan Stanley, Tudose, Goldman Sachs, Banks Organizations: Deutsche Bank, Reuters, Deloitte, Industry, Wall, Google, KPMG, Blackstone, JPMorgan, Excel, Getty, Deutsche Locations: Manhattan, San Francisco

☆ The CEO of a hedge fund that averaged a 66% return for 3 decades spoke about investing, hiring, and sleeping 2,000 nights in his office. Here are the 11 best quotes.
▼ + stars: | 2023-09-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Brown had the idea for IBM's "Deep Blue," and has spent over 2,000 nights sleeping in his office. RenTech was founded by Jim Simons, a former MIT math professor and Cold War codebreaker. Peter Brown is the CEO of Renaissance Technologies, a quant fund founded by former Cold War codebreaker and MIT math professor Jim Simons. And the job is so demanding, I really don't see how I could do it otherwise." We don't know any economics.

Persons: Peter Brown, Brown, RenTech, Jim Simons, Goldman, he's, he'd, Peter, we're, we've Organizations: Renaissance, MIT, Service, Goldman Sachs Exchanges, Renaissance Technologies Locations: Wall, Silicon, York

☆ In victory for Trump, an appellate court in Manhattan grants a temporary stay in his October business-fraud trial
▼ + stars: | 2023-09-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump and Trump Org were due to start trial on October 2 over New York's accusations of widespread business fraud. Thursday, an appellate judge in Manhattan granted what may only be a temporary hold on that date. The parties will now spend two weeks mired in an appellate-level, litigation side-show over Trump's claim that NY's case is too old. Four legal sources confirmed the new litigation sideshow and Thursday's trial date stay for Insider. AdvertisementAdvertisement"We are confident in our case and will be ready for trial," a spokeswoman for the attorney general's office said late Thursday.

Persons: Donald Trump, David Friedman, Letitia James, Trump, Donald Trump , Jr, Eric Trump, James, Arthur Engoron, Trump's, Ivanka Trump, They'll Organizations: Trump, Trump Org, Service, Daily, New, Trump Organization Locations: Manhattan, Wall, Silicon, New York, Washington, DC, United States

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