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Payments in focus as prosecutors make their case in Trump hush money trial May 7, 2024 06:07AM

By Jack Queen, Luc Cohen and Andy Sullivan

NEW YORK (Reuters) - Prosecutors in Donald Trump's criminal trial are expected to call more witnesses on Tuesday as they build out their argument that he was responsible for illegally covering up a hush money payment to a porn star in the run-up to the 2016 election.

Prosecutors have shown the former president's signature was on payments at the heart of the case. Over the next two weeks they aim... (continue reading...)


Analysis-Jail time for contempt could spell political trouble for Trump May 7, 2024 06:06AM

By James Oliphant

WASHINGTON (Reuters) - If the judge overseeing Donald Trump's hush money trial is to be taken at his word, America could be careening toward an unprecedented moment: A former U.S. president behind bars.

Justice Juan Merchan on Monday threatened Trump with jail time for repeatedly violating a gag order in the criminal case underway in Manhattan, although Merchan said it is a step he is reluctant to take.

... (continue reading...)


Morning bid: Cooler US takes edginess off markets, UBS jumps May 7, 2024 06:05AM

A look at the day ahead in U.S. and global markets from Mike Dolan

World markets have returned to levels of almost month ago as fears of an overheated U.S. economy abate even as corporate profit growth remains brisk.

The April miss on new payrolls and the sight of annual wage growth ebbing below 4% have been enough to switch the narrative back to a Federal Reserve which is on hold for now, rather than one that may even consider further... (continue reading...)


Archegos boss Bill Hwang's trial to test unusual manipulation theory May 7, 2024 06:05AM

By Tatiana Bautzer and Michelle Price

NEW YORK (Reuters) - Attorneys for Sung Kook “Bill” Hwang are expected to argue that prosecutors are pushing a novel and nonsensical market manipulation theory when the criminal trial of the former Archegos Capital Management boss kicks off in New York this month.

Archegos, a $36 billion family office which invested Hwang's personal wealth, collapsed spectacularly in March 2021 after its highly... (continue reading...)


Biden to condemn antisemitism, praise free speech at Holocaust remembrance May 7, 2024 06:04AM

By Trevor Hunnicutt and James Oliphant

WASHINGTON (Reuters) - When U.S. President Joe Biden arrives at the U.S. Capitol on Tuesday to honor 6 million Jews killed eight decades ago, his message will be as much about the present as the past.

Biden will speak to the existential threats faced by Jewish people seven months to the day since the Palestinian militant group Hamas attacked Israel on Oct. 7, killing 1,200 by Israeli tallies, in... (continue reading...)


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