Author: Press Room

Wells Fargo reported a more than 30 per cent decline in profit during its third quarter, as the fourth-largest US bank by assets braced for an economic downturn and booked more losses tied to lingering regulatory issues.Revenue rose 3.6 per cent to $19.5bn, well above Wall Street expectations, fuelled by higher interest rates and loan balances. However, earnings were dented by nearly $3bn in accruals to cover potential bad loans and additional regulatory fallout from the 2016 fake accounts scandal, which has already cost the bank billions of dollars.“As we have said several times, we remain at risk of setbacks…

CNN  —  The Justice Department officially appealed the appointment of the special master, who is overseeing the review of documents seized from former President Donald Trump’s Mar-a-Lago estate, in a brief filed with the 11th Circuit Court of Appeals on Friday.Read the brief below. Source: CNN

Nikola founder Trevor Milton was convicted Friday by a U.S. jury of fraud in a case alleging he lied to investors about the electric and hydrogen fuel cell company’s technology. The jury found Milton guilty on a count of securities fraud and two counts of wire fraud after deliberating for roughly five hours. Milton was acquitted on another count of securities fraud. Milton potentially faces years in prison. Prosecutors had alleged that Milton made false and misleading statements about “nearly all aspects of the business,” including that Nikola had a fully functioning prototype despite Milton knowing it was inoperable. Milton…

Gangsters blockading a major fuel terminal in Haiti are causing catastrophic hunger on the island, United Nations officials have said, with more than four million people facing severe insecurity and more than 19,000 others suffering from famine. The situation is particularly dire in the coastal neighbourhood of Cite Soleil, where swelling violence and armed groups vying for control have meant many residents cannot access work, markets or food aid, officials on Friday said. “Haiti is facing a humanitarian catastrophe,” said Jean-Martin Bauer, the Haiti country director for the UN’s World Food Programme (WFP). “The severity and the extent of food…

US prosecutors subpoenaed Celsius Network just days after the now-bankrupt crypto lender froze customer withdrawals in June in one of a range of federal inquiries surrounding the company.The subpoena was issued on June 15, the lender disclosed in a Manhattan bankruptcy court filing last week. Celsius had halted withdrawals three days earlier, trapping the savings of hundreds of thousands of customers.The court filing said the subpoena was issued by a federal grand jury in Manhattan. Federal grand juries are used by Department of Justice prosecutors when conducting criminal investigations and can potentially issue indictments.The subpoena is a sign of the…

Dan Grieb, 45 years old, was looking for a way to change his life. After waking up one morning and facing the fact that he was overweight and needed to do something about it, he decided to embrace a compelling new challenge. Grieb of Orlando, Florida, joined “America’s Newsroom” on Friday morning to discuss the journey he took to a healthier lifestyle — and how that decision led him to coach others. FLORIDA ATHLETE BECOMES 1ST ATHLETE WITH DOWN SYNDROME TO COMPLETE IRONMAN TRIATHLON”I woke up one day … I was 120 pounds overweight. I was a good husband and a good dad…

A community of Maritime animal lovers has come together to help a young Nova Scotia woman after her dog was viciously stabbed by an intruder. “I found him in the closet. He was struggling to breathe and there was a lot of blood,” said Mariah Godin of Dartmouth, N.S.Godin said she returned to her home just before midnight on Sept. 29 to a horrifying scene. While she was out, an intruder had broken into her home and stabbed her four-year-old pup named Boo multiple times.“I thought I lost him,” she said between tears.She said she called police who her helped…

Haters gonna hate. Lisa Rinna had a surprisingly joyful response to being booed at BravoCon. “They booed me. I loved it. It’s fabulous,” the Real Housewives of Beverly Hills star, 59, exclusively told Us Weekly after a panel alongside her costars at the New York City convention on Friday, October 14. “Well, I’d never been booed before,” Rinna added. “I kind of thought it was the greatest thing ever. It’s like being a wrestler. I loved it.” Lisa Rinna. Charles Sykes/Invision/AP/ShutterstockRinna received mixed cheers and jeers from the audience as she stepped on stage at the Javitz Center for the…

The two New York ex-cons accused in connection with the shooting death of the father of a local Marist College student at a Poughkeepsie hotel were ordered held without bail on Friday after they pleaded not guilty. Roy Johnson and Devin Taylor are charged separately for their involvement in the October 2 shooting that led to the death of 53-year-old Paul Kutz and the discovery of an alleged bomb-making “manual.” Wearing a white t-shirt and an orange jail-issued jumpsuit with his hair up, Johnson – the man accused of opening fire and killing Kutz – appeared in New York’s Dutchess County Court…

Italian rider Filippo Ganna became UCI World Champion in the individual pursuit at the Velodrome National in Saint-Quentin-en-Yvelines on Friday night, as he claimed the rainbow jersey in world record time.He beat compatriot Jonathan Milan as he became only the second-ever rider to cross the line in under four minutes, registering a time of 3:59.636.Great Britain’s Dan Bigham came close to a podium finish, but couldn’t surpass bronze-placed Ivo Manuel Alves Oliveira’s effort and was made to settle for fourth.UCI Track Champions LeagueThe ‘frenemy’ rivalries at UCI TCL09/12/2021 AT 16:25Bigham’s British team-mate Will Perrett also missed out on a podium…