Former U.S. President, pictured here at a Virginia campaign rally, recently became the face of the crypto venture World Liberty Financial. His new business partners have checkered pasts.Anna Moneymaker/Getty ImagesFormer president Donald Trump unveiled a new cryptocurrency company earlier this week.Two entrepreneurs behind the firm describe themselves as millionaires living large in the Caribbean.But court records tell a more complicated story.Donald Trump is the face of a new cryptocurrency business whose founders have a professional past littered with debts, lawsuits, and some questionable dating advice.In an X space on Monday, Trump formally unveiled World Liberty Financial, a cryptocurrency business that…
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A Federal Reserve focused on supporting the economy through rate cuts is a robust bullish catalyst for U.S. small-cap stocks, according to Sean Gallagher, global head of Lazard’s small-cap equity platform. In an exclusive interview with Benzinga, Gallagher reaffirmed his strong optimism that small caps will close the performance gap with large caps that has widened in recent years. “The Fed is in ‘pro-growth mode,’ and easing financial conditions are very helpful for many parts of the economy,” he stated. “I think laggard areas like small caps are a lot more attractive.” While Gallagher noted that the broader market isn’t…
A serial job applicant who sues businesses for disability discrimination is using artificial intelligence to help generate claims against potential employers, a tribunal heard.Christian Mallon, who has been out of full-time work since 2019, tells firms he struggles to fill in online forms due to his ADHD and autism, and therefore needs to make the application by phone.The 49-year-old also requests interview questions in advance. He has sued potential employers for disability discrimination or failure to make reasonable adjustments if they refuse his requests.Would-be employers have accused Mr Mallon, who boasts a PhD in chemical engineering, of being a “vexatious”…
After several years of keeping interest rates elevated to tame inflation, the Federal Reserve finally flipped the lever the other way on Wednesday.The central bank surprised some investors by opting for a 50-basis-point cut, lowering the federal funds rate 4.75% to 5%. The move should give a welcome boost to the economy, even though major stock market indexes gave up their initial gains by the end of that day’s session.Still, lower interest rates are clearly a boon for a number of stocks. Let’s take a look at three that are primed to gain on lower interest rates.The word “Fed” over…
The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers.Few areas of the economy welcomed the news more than the nation’s sluggish housing market, where high mortgage rates have largely shut out homebuyers.Experts who spoke to ABC News cautioned that the rate cut would not deliver an immediate drop in mortgage rates or a loosening up of the housing market.Mortgage rates had already dropped over recent months in anticipation of the rate cut, they said. They forecasted a gradual thaw in…
Red Bull F1 team boss Christian Horner recently likened correlation issues between his team’s wind tunnel, CFD data and real RB20 car to having three watches that all tell different times. Key to making progress on track was finding out which device was the most accurate, and then trusting that to help deliver gains. In real-life terms, Red Bull’s conclusion was that its wind tunnel data had been out from what was needed – which had opened up the wrong direction taken with its Imola floor. Read Also: But while the team may not yet be in a position to…
A Philadelphia man has pleaded guilty after he allegedly reported a hoax mass shooting and a bomb threat in response to a disagreement in his fantasy football league, according to police.Matthew Gabriel, 25, now faces up to five years in prison after he pleaded guilty to two counts of interstate and foreign communication of a threat to injury, according to the U.S. Attorney’s Office in Philadelphia. Gabriel’s lawyer, Lonny Fish, told NBC News that it’s fairly likely that Gabriel will receive 15 months of home confinement when he gets sentenced in January.Gabriel allegedly had “an online disagreement with a member…
Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: ‘The Hard-Landing Crowd Should Disperse,’ Economist SaysWall Street analysts are increasing their expectations for further interest rate cuts following the Federal Open Market Committee’s decision to slash rates by a substantial 50 basis points on Wednesday. Even Fed Chair Jerome Powell‘s cautious remarks, which initially rattled the markets, have not dampened the belief that the central bank is heading toward a more aggressive easing stance.“The Fed attempted to sell its 50bp rate cut today as a ‘recalibration’ of policy rates, rather than a sign of concern about the health…
By Sean Maguire Updated: 46 minutes ago Published: 1 hour agoPermanent Fund Dividend applications at the PFD office in downtown Anchorage on March 27, 2024. (Bill Roth / ADN) The 2024 Permanent Fund dividend and energy relief check will total $1,702, the Alaska Department of Revenue announced on Thursday.This year’s dividend will start being paid on Oct. 3 and will continue to be disbursed in following weeks, the department said.The Alaska Legislature appropriated over $914 million for this year’s check. Over 600,000 Alaskans have been deemed eligible to receive the payment, state revenue officials said. The 2024 dividend is almost…
By Robert SnellThe Detroit NewsFormer Taylor Mayor Rick Sollars wants to serve a federal sentence for corruption in his $369,000 home where a crooked city contractor installed new hardwood floors, a garage door, stainless steel kitchen appliances, a washer and dryer, a new front door and more.The request comes as Sollars tries to avoid being sent to prison next month for orchestrating one of the largest public corruption scandals in the last decade in Metro Detroit. Sollars and three other people — including his top aide, former Taylor Community Development Manager Jeffrey Baum — have been convicted of crimes and face a…