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Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. Bankman-Fried has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at Alameda. He said he submitted Tuesday's filing independently, as a constitutional law expert. Tribe published the major treatise "American Constitutional Law" in 1978 and was lead counsel in 37 Supreme Court cases. The case is U.S. v. Bankman-Fried, U.S. District Court, Southern District of New York, No.

Persons: Sam Bankman, Fried, Amr, FTX, Laurence Tribe, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Tribe, Bankman, Kaplan, Joseph Bankman, Kaplan Hecker, Fink, Robert Bork's, Jonathan Stempel, Luc Cohen, Daniel Wallis Organizations: United, REUTERS, Harvard Law School, New York Times, District, Bankman, FTX, Alameda Research, Alameda, Prosecutors, Supreme, Court, Southern District of, Thomson Locations: New York City, U.S, Manhattan, Alameda, Southern District, Southern District of New York, New York

[1/2] Rob Olan (C), employee of the healthcare investment fund Deerfield Management, departs Federal Court in Manhattan in New York, U.S., May 24, 2017. FollowNEW YORK, Aug 1 (Reuters) - A long-running federal insider trading case based on leaks about planned changes to Medicare reimbursement rates will likely end with no convictions, after the remaining defendants agreed to enter deferred prosecution agreements. In the healthcare case, the Manhattan appeals court said the leaked CMS information did not support fraud and theft charges against Huber, Olan and Blaszczak, though prosecutors could retry them on one or two counts each. In their deferred prosecution agreements, Huber and Olan acknowledged trading on and Blaszczak acknowledged passing advance information about a proposed CMS rule change. The case is U.S. v. Blaszczak et al, U.S. District Court, Southern District of New York, No.

Persons: Rob Olan, Lucas Jackson, Theodore Huber, Robert Olan, David Blaszczak, Prosecutors, Huber, Olan, George Washington, Chris Christie's, Christopher Worrall, Blaszczak, District Judge Lewis Kaplan, Blaszczak's, David Patton, Barry Berke, Dani James, Damian Williams, Jonathan Stempel, Conor Humphries, David Gregorio Our Organizations: Deerfield Management, REUTERS, Aetna Inc, Centers, Medicare, Services, Democratic, New, New Jersey Republican, District, Court, Southern District of, Thomson Locations: Manhattan, New York, U.S, Deerfield, New Jersey, Southern District, Southern District of New York

NEW YORK, July 27 (Reuters) - Bill Hwang, the founder of Archegos Capital Management, on Thursday asked a judge to let him subpoena documents from 10 banks, in an effort to shift blame as he defends against criminal fraud charges that the firm's collapse was his fault. The office of U.S. Attorney Damian Williams, which is prosecuting Hwang, did not immediately respond to a request for comment. Other banks also lost money when Archegos collapsed, but less than Credit Suisse. That caused it to miss margin calls, and banks to dump stocks that had backed the swaps and which they had bought as hedges. The case is U.S. v. Hwang et al, U.S. District Court, Southern District of New York, No.

Persons: Bill Hwang, Hwang, Damian Williams, Archegos, Goldman Sachs, Jefferies, Mitsubishi UFJ, Morgan Stanley, Nomura, Alvin Hellerstein, Hwang et, Jonathan Stempel, Daniel Wallis Organizations: YORK, Archegos Capital Management, UBS, Credit Suisse, Prosecutors, Bank of Montreal, Deutsche Bank, Mitsubishi, Court, Southern District of, Thomson Locations: Manhattan, Macquarie, Mizuho, U.S, Southern District, Southern District of New York, New York

☆ White House takes a victory lap after inflation report comes in cooler than expected
▼ + stars: | 2023-07-12 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

WASHINGTON — President Joe Biden on Wednesday celebrated new data that showed inflation cooling more quickly than expected. "Good jobs and lower costs: That's Bidenomics in action," Biden said in a statement. Year over year, inflation rose 3%, the lowest level in more than two years. Core CPI, which does not include food and energy costs, rose 4.8% from a year ago and 0.2% on a monthly basis. "Our progress creating jobs while lowering costs for families is no accident, and I will continue to fight for lower costs for families every day."

Persons: Joe Biden, Volodymyr Zelensky, Biden, Lael Brainard, " Brainard Organizations: NATO, WASHINGTON, Wednesday, Labor Statistics, CPI, Economic, of New Locations: Vilnius, of New York, U.S, United States

Companies JPMorgan Chase & Co FollowNEW YORK, May 18 (Reuters) - The young entrepreneur Charlie Javice has been indicted on charges of defrauding JPMorgan Chase & Co (JPM.N), the largest U.S. bank, into buying her now-shuttered college financial aid startup Frank. A four-count grand jury indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy. In connection with that, prosecutors were granted more time to have Javice indicted by a grand jury. JPMorgan separately sued Javice and former Frank chief growth officer Olivier Amar in December in Delaware federal court for fraud, saying they inflated Frank's customer base to induce the bank's purchase. Javice countersued JPMorgan, saying it owes millions of dollars after firing her "without valid cause" in November.

☆ Battle for China's electric SUV market heats up at home and abroad
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +5 min

The trend will spread abroad with growing exports of China-made electric SUVs. The market for SUVs has boomed in China over the past decade and now represents almost 40% of all cars sold, with 400 SUV models of all fuel types. Legacy automakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Toyota (7203.T) are counting on new electric SUVs to bolster China sales. Tesla and Renault (RENA.PA) have already been exporting their China-made electric SUVs to Europe on a large scale. Chinese automakers have their own plans to grow electric SUV sales to Europe.

☆ Analysis: Battle for China's electric SUV market heats up at home and abroad
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +5 min

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ Honda recalls SUVs in cold weather U.S. states over rust risk
▼ + stars: | 2023-04-06 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Companies Honda Motor Co Ltd FollowApril 6 (Reuters) - Honda Motor (7267.T) said Thursday it is recalling 563,000 CR-V sport utility vehicles sold or registered in cold weather U.S. states because road salt may cause the frame to corrode and possibly detach the rear trailing arm. The recall covers 2007 through 2011 model year CR-V vehicles in 22 states and the District of Columbia where road salt is routinely used. Dealers will inspect and install a support brace or repair the rear frame, as necessary, free of charge. Honda issued a recall for nearly 84,000 CR-V vehicles in Canada in 2019 for the same issue. In 2020, Honda repurchased a U.S. vehicle after observing rear frame rust and began to investigate the issue.

NEW YORK, March 23 (Reuters) - A U.S. judge on Thursday denied Archegos Capital Management LP founder Bill Hwang's effort to dismiss an indictment accusing him of fraud in the collapse of his once-$36 billion firm. U.S. District Judge Alvin Hellerstein in Manhattan rejected arguments that the 11-count indictment should be tossed because prosecutors deceived Hwang into cooperating with their probe and because Hwang's trading activity had been lawful. Authorities said Hwang concealed the size and riskiness of his bets by spreading his borrowing among several banks. When the prices of some stocks fell, Hwang was unable to meet margin calls, leading banks to dump stocks backing his swaps, and causing losses for Archegos and others. The case is U.S. v. Hwang et al, U.S. District Court, Southern District of New York, No.

☆ Sam Bankman-Fried, U.S. prosecutors near new bail agreement
▼ + stars: | 2023-03-18 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

NEW YORK, March 17 (Reuters) - Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder, who is trying to convince a skeptical judge he should remain free. Bankman-Fried's lawyers have said their client was trying to help, not interfere. At the March 10 hearing, prosecutors and defense lawyers proposed giving Bankman-Fried a flip phone with no internet capability and a basic laptop with limited functions. In Friday's letter, Everdell also sought the judge's permission to let Bankman-Fried in the meantime use a laptop to access some FTX materials. The case is U.S. v. Bankman-Fried, U.S. District Court, Southern District of New York, No.

☆ Honda to move Accord production to Indiana as part of EV shift
▼ + stars: | 2023-03-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 14 (Reuters) - Honda Motor Co's U.S. unit said on Tuesday it would move production of its Accord sedan to Indiana in 2025 after assembling the model in Marysville, Ohio for more than 40 years, as part of its shift to electric vehicle (EV) production. Honda said last year it was separately investing $700 million to retool three Ohio plants for electric vehicle production by 2026, including Marysville. Marysville will begin preparing for EV production as early as January by consolidating its two production lines to one to enable it to begin building the EV infrastructure, the company said. Honda began assembling the Accord at its Marysville in November 1982, making it the first Japanese automaker to produce cars in the United States. Honda said Accord production will be transferred to its Indiana auto plant, which builds the Civic Hatchback and CR-V.Honda's transmission plant in Georgia will dedicate one production line to e-axle production - a key EV component - and its Anna, Ohio engine plant will shift production of some engine components to a Honda engine plant in Alabama to prepare for production of battery cases for EV models, the company said.

☆ Former NYC corrections union chief convicted of bribery wins early prison release
▼ + stars: | 2023-02-24 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] Norman Seabrook, (C) the head of New York City's prison guard union, exits the Manhattan District court house in New York, U.S., July 22, 2016. Seabrook, 63, the former head of the Correction Officers' Benevolent Association, has spent 21 months in prison after unsuccessfully appealing his August 2018 conviction. "The sentence Huberfeld originally received reflected an approximate equivalence between the conduct of the bribe giver, Huberfeld, and the bribe taker, Seabrook," Hellerstein wrote. The correction officers union has about 20,000 active and retired members. The case is U.S. v Seabrook, U.S. District Court, Southern District of New York, No.

☆ Traditional automakers have one huge leg up on EV startups: A nationwide network of shops ready to service cars
▼ + stars: | 2023-02-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +6 min

But today's EV startups don't operate that way. When in need of service, car buyers typically utilize the massive dealership network automakers like Ford, GM, Toyota and others have, or choose to take their vehicle elsewhere. Unlike Tesla, today's EV startups can't afford to tick their owners off with waits or make prospective buyers worry about repairs and service. The right-to-repair movement is also going to be significant for EV startups moving forward. "It comes down to how confident a given consumer feels when going with an electric vehicle from a new EV brand versus a traditional car from a traditional car company," Brauer said.

☆ Honda issues 'Do Not Drive' warning for 8,200 U.S. vehicles over air bag risks
▼ + stars: | 2023-02-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Kim Kyung-HoonWASHINGTON, Feb 3 (Reuters) - Honda Motor Co (7267.T) on Friday issued a "Do Not Drive" warning for 8,200 model year Acura and Honda vehicles with unrepaired Takata air bag inflators in the United States. The urgent warning covers various 2001-2003 model year Honda Accord, Civic CR-V and Odyssey, Pilot and Acura 3.2CL and 3.2 TL vehicles with so-called "Alpha" inflators. More than 30 deaths worldwide - including at least 23 U.S. fatalities - and hundreds of injuries in various automakers' vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing potentially deadly metal shrapnel inside vehicles. NHTSA said last month a February death of the driver of a 2002 Accord in Bowling Green, Kentucky, was due to a faulty air bag inflator. In November, Chrysler parent Stellantis (STLA.MI) urged owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag inflators were reported.

Once a child outgrows an infant car seat, a convertible seat is the next step up. Based on our tests, Consumer Reports recommends that parents transition their children to a rear-facing convertible seat by age 1. By contrast, in almost all the rear-facing convertible seats, the head of the dummy avoided contact. Bottom LineMost children will need to move from an infant seat to a convertible seat to remain rear-facing. The Britax ClickTight convertible seats also stand out because they’re almost as easy to install rear-facing as they are to place when forward-facing.

☆ Goldman Sachs, JPMorgan, Wells Fargo are among Wall Street giants named as possible FTX creditors
▼ + stars: | 2023-01-27 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

The 116-page document connects some of the biggest names on Wall Street to FTX's bankruptcy case. The list doesn't disclose the size or kind of debts the collapsed crypto firm might owe the banks, Bloomberg reported. Other elite financial institutions on the list were Deutsche Bank, HSBC Bank and MUFG Bank. "Goldman Sachs has not filed a claim against the debtors," a spokesperson for the bank told Bloomberg. But the total number of creditors FTX is seen to have tops over a million.

[1/2] People walk along the South Bank with the Houses of Parliament in the distance, in London, Britain, January 17, 2023. Some hires need vetting by the Financial Conduct Authority (FCA) and the Bank of England (BoE). Britain introduced the accountability rules in 2016 in response to public anger that so few individuals were punished over taxpayers having to bail out banks in the 2007-2008 financial crisis. Regulators sought to reassure that the rules would not be used to put "heads on sticks" and discourage people from taking on senior roles. Reporting by Iain Withers and Huw Jones, editing by Sinead Cruise and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Consumer Reports: Best Drip Coffee Makers of 2023
▼ + stars: | 2023-01-13 | by ( Daniel Wroclawski | Consumer Reports | ) www.nbcnews.com time to read: +8 min

There’s no shortage of drip coffee makers on the market today. Each drip coffee maker we rate brews roughly 65 cups by the time our engineers are through with it. Below you’ll find reviews of nine top-rated drip coffee makers, with prices from around $37 to $330. To see even more options, check out our full coffee maker ratings, which include not only drip coffee makers but also cold-brew coffee makers, espresso machines, and more. This drip coffee maker grinds whole coffee beans just before brewing.

NEW YORK, Jan 13 (Reuters) - The U.S. Department of Justice forcefully rejected Bill Hwang's claim that it sandbagged him by concealing its plan to charge him with fraud over the collapse of his $36 billion Archegos Capital Management LP. In a Thursday night filing in Manhattan federal court, prosecutors said there was no basis to grant Hwang's motion to dismiss his indictment because of prosecutorial misconduct prior to his April 27, 2022, arrest. "Hwang's motion is predicated on a series of inflammatory claims about the government's conduct that are entirely baseless," prosecutors said. Archegos collapsed in March 2021 after failing to meet margin calls following trades through so-called total return swaps. In a separate Thursday night filing, prosecutors rejected the defendants' claims that they committed no crimes because Archegos' trading was legal.

☆ Here are 5 brands—including Trader Joe's—whose dark chocolate tested high for lead, cadmium
▼ + stars: | 2023-01-10 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Thousands of customers flock to Trader Joe's, largely because of its wide range of grocery options, affordable prices — and the nearly endless selection of snacks. And while you may think grabbing a dark chocolate bar off of the shelf is the healthier option, a recent Consumer Reports (CR) study shows that those chocolate bars may actually expose you to harmful chemicals like lead and cadmium. For the study, CR tested 28 dark chocolate bars, which are commonly suggested for their heart health benefits, to measure the levels of heavy metals. To determine which chocolates posed the most risk, CR used California's maximum allowable dose level (MADL) for lead and cadmium as a base. Some Trader Joe's favorites were on the list of products that the study found to have high levels of those chemicals.

☆ Tesla breaks into America's bestselling cars list for 2022, but trucks still dominate
▼ + stars: | 2023-01-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Tesla does not report regional or individual vehicle sales, so the data is estimated. Overall, Tesla reported delivering about 1.25 million Model Y and Model 3 vehicles globally in 2022. "The brand, despite all the news and stuff, still dominates the EV market and it dominates the luxury market. A lot of that strength comes from the Model Y."

☆ INDIA RUPEE Rupee to open flat; volatility tipped to rise later in Jan
▼ + stars: | 2023-01-02 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 2 (Reuters) - The Indian rupee is tipped to open little changed against the U.S. dollar on Monday, with traders assessing the outlook for the local currency after a difficult year. The rupee is expected at around 82.70-82.75 per dollar at the open, compared to 82.72 in the previous session. We anticipate an increase in volatility later this month on new positions and flows and before India's budget, the trader said. At the open, the rupee will have to contend with the 3% jump in Brent crude futures on Friday. The dollar index was little changed, at around 103.5, to begin the week.

☆ Rep. Marjorie Taylor Greene has been vacationing in Costa Rica during one of the most consequential legislative weeks of the year
▼ + stars: | 2022-12-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Republican Rep. Marjorie Taylor Greene has been vacationing in Costa Rica this week. The entire time, the Georgia congresswoman was vacationing with her kids — and her ex-husband — in Costa Rica. Greene boarding a flight to Liberia, Costa Rica at Hartsfield-Jackson Atlanta International Airport on Sunday, December 18. Greene looking at her phone at baggage claim at the airport in Liberia, Costa Rica on Sunday. "Now that COVID is over and we're back to normal life, Congresswoman Greene is ready to end proxy voting," Greene spokesman Nick Dyer told Insider in May.

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