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☆ Trump is headed to court Tuesday to argue that presidents can't be sued for defamation. Here's what's at stake.
▼ + stars: | 2023-01-09 | by ( Ashley Collman | ) www.businessinsider.com time to read: +7 min

An appeals court is set to weigh in on E. Jean Carroll's defamation suit against Donald Trump. Trump and the DOJ argue that he can't be personally sued for statements he made in office. Carroll sued Trump for defamation in November 2019, saying her career suffered "as a direct result of Trump's defamatory statements." Seth Wenig/APThe Westfall Act protects government employees from being sued for actions in the line of their work. Because he made those comments after leaving the White House, he won't be able to claim Westfall Act protection.

☆ Judge orders Sam Bankman-Fried to be blocked from accessing or transferring any FTX or Alameda assets
▼ + stars: | 2023-01-03 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried denied any role in the recently reported transfers of funds involving Alameda. A federal judge sided with prosecutors and blocked him from accessing Alameda and FTX assets. US district judge Lewis Kaplan, who presided over Bankman-Fried's arraignment on Tuesday in which the FTX and Alameda founder pleaded not guilty, granted prosecutors' request to restrain him from such transactions. Kaplan's ruling blocks Bankman-Fried from those transactions, though it allows him to come to an agreement with prosecutors about a possible different arrangement. On Tuesday, Kaplan set October 2 as a date for a trial, though Bankman-Fried could work with prosecutors to negotiate a plea deal before then.

☆ It's about to get even harder to find affordable childcare
▼ + stars: | 2022-12-30 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Childcare providers may be forced to raise prices even higher to stay afloat. Childcare is going to "become even more unaffordable for the middle class families"For parents who manage to find childcare, it's likely to cost them heavily. "Now that childcare funds are going to start fading away, the cost of childcare is going to go up again and become even more unaffordable for the middle class families," she said. Declining enrollment numbers would then create yet another obstacle for childcare providers — thousands of which have already closed over the last few years. And it's not just childcare providers that would feel the pain.

☆ 'There may be a false sense of security.' How to know if your workplace disability insurance is enough
▼ + stars: | 2022-12-15 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you've opted into your company's group disability insurance plan, you may assume there's sufficient income protection if you can't work due to illness or injury. But experts say your workplace coverage may not be enough. John Ryan, founder and CEO of Ryan Insurance Strategy Consultants, urges employees to embrace group disability insurance, but warns "there can be a false sense of security with the employer plan." For employees, group disability insurance offers guaranteed coverage at low or no cost, but you need to know what's "under the hood," he said, speaking at the Financial Planning Association's annual conference in Seattle on Wednesday. There are two types of group disability insurance: short-term, which pays a temporary benefit, and long-term, which lasts for an extended period of time.

☆ Long Covid medical costs average $9,500 in first six months, as patients become 'health-system wanderers'
▼ + stars: | 2022-12-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Long Covid is a chronic illness that can carry potentially debilitating symptoms, which may last for months or years. Long Covid patients are "health-system wanderers," said Mark Newman, CEO and co-founder of Nomi Health. "There are diseases and conditions with a lot of obvious answers, and long Covid is not one of them," Newman said. In a separate study, Harvard University economist David Cutler estimated that long Covid costs patients $9,000 a year in medical expenses. Patients with long Covid racked up $9,000 in additional average medical costs per person when compared to similar people who had Covid but didn't have subsequent long-haul symptoms, Nomi Health found.

☆ Millions suffer from long Covid — and it costs them $9,000 a year in health-care expenses, on average
▼ + stars: | 2022-12-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +11 min

There is no cure or approved treatment for ME/CFS; as with long Covid, patient symptoms are merely treated or managed. 'People are trying all sorts of treatments'Getting an official long Covid diagnosis can be challenging, which can compound early expenses. Like many who suffer from long Covid, Pohl seeks relief from crippling symptoms wherever it's available. "There are so many of us now that it's taking months to see professionals," she said of long Covid patients. watch nowTime alone generally doesn't cure long Covid symptoms; it often requires some form of rehabilitation.

☆ Despite ongoing Covid risks, more employees consider cutting back on health-care benefits
▼ + stars: | 2022-11-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +7 min

Almost 159 million Americans rely on employer-sponsored health insurance coverage. Health insurance plansFor starters, consider what your health coverage costs you. But "don't just look at the monthly cost of your health insurance," Cosgray advised. To be able to use an HSA, you need to be enrolled in a high-deductible health plan, or HDHP. Other voluntary benefits offered through an employer can provide additional protection, including hospital indemnity insurance, critical illness coverage and accident insurance.

☆ Societe Generale's car leasing unit ALD wins EU nod for LeasePlan buy
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Nov 25 (Reuters) - EU antitrust regulators cleared with conditions French car leasing company ALD's (ALDA.PA) bid for Dutch rival LeasePlan on Friday after the Societe Generale (SOGN.PA) unit agreed to divest some businesses across Europe to address competition concerns. ALD announced the 4.9-billion-euro ($5.1 billion) deal in January, which would give it ownership of the biggest electric vehicle fleet in Europe. The European Commission said ALD agreed to sell its operational leasing businesses in Ireland, Norway, Portugal and LeasePlan's businesses in the Czech Republic, Finland and Luxembourg to address competition worries. It will also provide access to tech services and its used car sales platform for up to 2 years. "These commitments remove the overlaps existing between ALD and LeasePlan's activities in the national markets for operational leasing where the Commission had identified competition concerns," the EU competition watchdog said in a statement.

☆ ‘The stakes are high.’ Why there’s a push for Congress to renew the expanded child tax credit this year
▼ + stars: | 2022-11-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Larry French | Getty Images Entertainment | Getty ImagesMillions of families received monthly checks of up to $300 per child in 2021, thanks to the expanded child tax credit. "Policy makers can expand the child tax credit, or they can fail to act and see the Rescue Plan's historic gains against child poverty evaporate." Now, the child tax credit has reverted to previous rules, for a total of $2,000 per child up under age 17. The current child tax credit phases in with earnings above $2,500. Sarah Silbiger | Bloomberg | Getty ImagesAs Congress seeks a way to include corporate tax breaks in upcoming legislation, some lawmakers say they will not support those efforts without a renewal of an expanded child tax credit.

Find the right card with Uber and Lyft perks Capital One Savor Cash Rewards Credit CardChase Sapphire Reserve®Ink Business Preferred® Credit CardCapital One SavorOne Cash Rewards Credit CardChase Sapphire Preferred® Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Note that credit card lenders may use many different variations of credit score models when considering your application. Annual fee: $95Other benefits: This is one of the best small-business cards on the market thanks to perks such as:Review: Ink Business Preferred credit card reviewCapital One SavorOne Cash Rewards Credit CardWhy use it for rideshares: The Capital One SavorOne Cash Rewards Credit Card card has Uber-related benefits that are identical to the Capital One Savor Cash Rewards Credit Card. Credit cards for Uber and Lyft frequently asked questions (FAQ)What is the best credit card for rideshare expenses? The best credit card for rideshare expenses isn't necessarily the best credit card for you.

☆ Here are 4 ways to take advantage of your health-care expenses before the end of the year
▼ + stars: | 2022-11-13 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +5 min

Take advantage of reaching your deductibleIf you've met your plan's deductible, you may be able to pay less for qualifying health-care services before the end of the year than you would after the deductible resets Jan. 1. Once you've met your plan's deductible, you may or may not face copays or coinsurance — it depends on your plan's out-of-pocket maximum, which may be higher. See if you can get the medical expense tax deductionThere is a tax deduction for medical expenses, although it comes with parameters that prevent some taxpayers from using it. For starters, you can only deduct health-care expenses that exceed 7.5% of your adjusted gross income. Its gains grow tax-free, and as long as withdrawals are used for qualifying medical expenses, tapping those funds also comes with no tax.

☆ Wall Street pushed into digital assets. Now investors are paying the price as FTX's crisis raises questions of a ripple effect in cryptoworld.
▼ + stars: | 2022-11-11 | by ( Rebecca Ungarino | Danielle Walker | ) www.businessinsider.com time to read: +8 min

FTX, the crypto exchange in crisis, found backers in BlackRock, VanEck, and Ontario Teachers. The solvency crisis facing the exchange and its famous CEO raises questions of a ripple effect. Now, in the middle of crypto winter, FTX is in the middle of a solvency crisis. Binance, a rival crypto exchange that was initially going to buy FTX, backed out. "What we like about it is that we're not really speculating on whether prices of crypto assets, bitcoin or otherwise, are going up or down.

☆ Peru cuts growth forecast due to global slowdown, political delays
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Peru is the world's second-biggest producer of copper, considered an economic bellwether due to its many uses across industry, transport, communications and construction. Burneo also broadened Peru's 2023 growth projection to between 3.1% and 3.9%, from an August estimate of 3.5%. He announced 10 new measures aimed at promoting growth via public investment, private sector projects and boosting domestic consumption. Protests have repeatedly disrupted transport along Peru's main copper corridor in recent months, causing an extended shutdown at China-based MMG's (1208.HK) Las Bambas mine. But despite the downwardly revised forecast, Deputy Finance Minister Alex Contreras told reporters the government's fiscal targets are "guaranteed."

☆ Twitter backtracks: Elon Musk's platform will delay its paid blue check verification plan until after midterms: NYT
▼ + stars: | 2022-11-06 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

Twitter is pushing the launch of its paid verification plan until after the midterm elections, the New York Times reported Sunday. In its updated app description on Saturday, Twitter wrote that Twitter Blue with verification was available "starting today" in iOS in the US, Canada, Australia, New Zealand, and the UK. "Starting today, we're adding great new features to Twitter Blue, and have more on the way soon," the app description read. "Get Twitter Blue for $7.99/month if you sign up now. In a tweet on Saturday, Musk responded to critics of the paid plan, and said his intention is to lower the number of verified accounts he believes were given "arbitrarily."

☆ Netflix is rolling out its $7 ad-supported tier. Here's how to change your plan
▼ + stars: | 2022-11-02 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The streaming giant on Thursday is rolling out its cheapest membership tier, dubbed "Basic With Ads." The new tier will cost $6.99 per month, which makes it a full $3 cheaper than Netflix's current cheapest plan, the $9.99 Basic plan. It's Netflix's first foray into the ad-supported space — the streamer has for years resisted putting any advertising on its platform. The company's plan arrives on Nov. 3, a month before rival streaming service Disney+ will introduce its own ad-supported tier, and competes with ad-supported plans from services like Hulu and Peacock. Here's what you need to know about Netflix's Basic With Ads tier.

☆ Before dropping a Medicare Advantage plan altogether during open enrollment, compare these key costs
▼ + stars: | 2022-11-02 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

FatCamera | E+ | Getty ImagesFor some Medicare beneficiaries, an Advantage Plan ends up not being a good fit. Here's what to consider if you want to ditch an Advantage Plan altogether. Danielle Roberts co-founder of Boomer Benefits"There is not a guarantee that the underwriter will approve you for the Medigap policy," Roberts said. This means it may be wise to avoid dropping your Advantage Plan until you know you'd be able to get the Medigap policy. That 12-month trial period lets you drop an Advantage Plan and return to the Medigap plan you were previously enrolled in.

☆ There's still time for big savers to use 'after-tax contributions' to funnel more into 401(k) plans for 2022
▼ + stars: | 2022-10-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

BartekSzewczyk | GettyAfter-tax versus Roth accountsAfter-tax contributions are different than Roth 401(k) plans. For 2022, if you're under 50, you can defer up to $20,500 of your salary into your plan's regular pretax or Roth 401(k) account. The percentage of plans offering a Roth 401(k) saving option has surged over the past decade. watch nowHowever, some plans offer additional after-tax contributions to your traditional 401(k), which allows you to save more than the $20,500 cap. In 2021, roughly 21% of company plans offered after-tax 401(k) contributions, compared to about 20% of plans in 2020, the survey found.

☆ Education Secretary Miguel Cardona says the department is 'moving full speed ahead' to implement student debt relief despite an appeals court temporarily blocking the plan
▼ + stars: | 2022-10-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Miguel Cardona says student debt relief is "moving full speed" despite a temporary hold on the plan. The Eighth Circuit Court of Appeals on Friday issued an administrative stay for the relief plan. "Already, 22 million people have provided the department with the necessary information we need to review their eligibility for student debt relief." In framing the debt relief plan as one that would benefit working and middle-class families, Cardona criticized efforts by several Republican attorneys general to invalidate Biden's student-loan forgiveness plan. The Biden administration also faces legal challenges from Arizona GOP Attorney General Mark Brnovich, the Job Creators Network Foundation, and the Cato Institute over its debt relief plan.

Netflix added 2.4 million new subscribers in its most recent quarter, topping expectations that it would add 1 million. According to a Wedbush survey of Netflix users, he said, people most likely to opt into the ad-supported tier are those who would have otherwise quit the platform. Netflix has also foreshadowed a crackdown on password sharing, with plans to launch a paid family offering next year. Netflix estimates 100 million households worldwide are using shared passwords — 30 million of them in North America. On Monday, it introduced a “Profile Transfer” feature designed to let users who may be sharing a subscription opt into new a Netflix membership.

☆ After U-turn, Britain's economy still paying for Truss's growth plan
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +4 min

With the economy still paying a price for the now-shelved plan, we take a look at some of the main pain points in markets. While those have come down significantly, Britain's 10-year yield remain 45 basis points above levels before Sept. 23 and 30-year yields are some 55 bps higher . This highlights that even with the U-turn in Truss's economic policy, investors still demand a higher premium for holding British government debt. 4/ MORTGAGE FIXBritain's mortgage market was plunged into chaos by the growth plan, as the money markets that lenders rely on to price home loans bet on higher interest rates. Reuters Graphics5/ SUNKEN STOCKSUK blue-chip stocks are still 3% below where they were traded prior to Truss's plan.

☆ Monte dei Paschi to pay 125 million euros in fees for share sale
▼ + stars: | 2022-10-15 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

MILAN, Oct 15 (Reuters) - Italy's Monte dei Paschi di Siena (MPS) (BMPS.MI) said a new share sale to raise up to 2.5 billion euros ($2.4 billion) would cost it 125 million euros in fees to financial institutions backstopping the issue. Register now for FREE unlimited access to Reuters.com RegisterAfter difficult negotiations that risked derailing the capital raising, the eight banks have agreed to guarantee the share issue for up to 807 million euros. Algebris is backstopping up to another 50 million euros. The fees amount to nearly 15% of the guaranteed sum and compare with a market value of just 99.8 million euros for MPS on Friday. The cost of the capital increase, which totals 132 million euros, would shave 15 basis points off that target, MPS said.

Tens of thousands of Venezuelans have left their troubled homeland for Mexico this year to get to the United States. Up to 1,000 Venezuelans per day could be expelled to Mexico under the new agreement, two U.S. officials told Reuters. "We've been overwhelmed by the news," said Lizbeth Guerrero, director of an aid group for Venezuelan migrants in Mexico City. She forecast many people would press on with plans to reach the United States because they had nothing to return to. Those who could not enter the United States or find work quickly risked becoming prey for violent gangs, she said.

☆ Donald Trump must be deposed in columnist E. Jean Carroll's rape defamation case, a federal judge ruled Wednesday
▼ + stars: | 2022-10-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Donald Trump must be deposed in the E. Jean Carroll rape defamation case, a judge ruled Wednesday. Trump denies the rape and had asked that the deposition be delayed pending an appeal. Trump, 76, and Carroll, 78, and other witnesses as well "already are of advanced age," Kaplan wrote. The Court of Appeals is weighing whether Trump was acting in his official capacity as president when he publicly denied Carroll's rape accusation in 2019. If they find that he was — and is therefore immune from defamation — Carroll's case would fail.

☆ Judge denies Trump request to delay deposition in E. Jean Carroll rape defamation case
▼ + stars: | 2022-10-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

E. Jean Carroll visits 'Tell Me Everything' with John Fugelsang in the SiriusXM Studios on July 11, 2019 in New York. He noted that he previously denied a Justice Department motion to substitute Trump as a defendant on the same grounds. Wednesday's ruling also raises the possibility that the defamation case could go to trial in February as currently scheduled while awaiting a ruling in the appeals court. The New York appeals court also asked its sister appeals court in Washington to determine whether Trump made the statement about Carroll within the scope of his employment, as defined under local District of Columbia law. The D.C. appeals court has yet to rule on that issue.

☆ Donald Trump seeks end to rape accuser's defamation lawsuit
▼ + stars: | 2022-09-29 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

NEW YORK, Sept 28 (Reuters) - Donald Trump is seeking a quick end to the defamation lawsuit by an author who claims he raped her more than a quarter century ago. Roberta Kaplan, a lawyer for Carroll, said "nothing has changed" and the case should proceed. The former Elle magazine columnist still plans to sue Trump for battery and inflicting emotional distress in a separate lawsuit in November. Tuesday's decision set aside Kaplan's ruling that Trump was neither acting as president when discussing Carroll, nor a federal employee for purposes of her case. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

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