Author: Press Room

U.S. Representative Matt Gaetz (R-FL) looks on during an “America First” rally in Dalton, Georgia, U.S. May 27, 2021.Dustin Chambers | ReutersFederal prosecutors have recommended not to bring charges against Republican Rep. Matt Gaetz as part of a sex trafficking investigation, The Washington Post reported Friday, citing people familiar with the matter.The prosecutors said they made that decision in part because of credibility questions with two central witnesses, those people told the Post.The reported recommendation means the Department of Justice is unlikely to charge Gaetz, 40, with a crime as a result of the probe. The investigation began in 2020…

Since bankrupt crypto lender Celsius froze withdrawals in June, customers’ funds have been in limbo. Now, leaked audio shared with CNBC reveals a preliminary plan to compensate them.The company wants to issue an “IOU” cryptocurrency  to customers that signed up for some of its accounts. The recording was provided by Tiffany Fong, who says she is one of the 500,000 Celsius customers with funds locked in the platform. Fong says she received the audio from a self-identified employee, who stayed anonymous during their communications.CNBC was not able to verify that the leaked audio is the entire exchange from an internal meeting…

Traders work on the floor of the New York Stock Exchange on September 21, 2022 in New York City.Michael M. Santiago | Getty ImagesThe extreme market volatility is not causing hedge funds to back down.Hedge funds’ total gross trading flow, including both long and short bets, rose for five weeks in a row and had the largest notional increase since 2017 last week heading into the Federal Reserve’s rate decision, according to Goldman Sachs’ prime brokerage data. In other words, they are putting money to work in a big way to capitalize on this market volatility for clients, likely mostly…

Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022.Justin Tallis | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors following two of its jetliners being involved in deadly crashes.related investing newsHere are Friday’s biggest analyst calls: Apple, Tesla, Coinbase, Domino’s, Costco, Meta & moreFedEx — Shares were down about 4% and hit a new 52-week low after the delivery company announced plans to increase rates between 6.9% and 7.9%.Costco —…

Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China.Bobby Yip | ReutersElon Musk has run two ambitious tech companies at the same time ever since he became chairman and later CEO of electric vehicle maker Tesla while also leading SpaceX, his re-usable rocket and satellite internet business.He went on to launch a computer-brain interface startup, Neuralink, and a drilling business called Boring Co. in 2017, and is in the midst of a contentious lawsuit with Twitter over a buyout gone awry.With his attention divided, Musk relies on a large…

CNN  —  The race for North Carolina’s open Senate seat features two leading candidates who have taken opposing paths in their bids for higher office. Democrat Cheri Beasley, the first Black woman to be a major-party Senate nominee in North Carolina, has served for two decades as a judge and state Supreme Court justice, positions she has used to distance herself from politics-as-usual. Her candidacy has given Democrats hope in a state that former President Donald Trump carried twice, though even the most upbeat members of her party acknowledge she faces long odds. Republican Ted Budd, by comparison, has a…

The recommendation comes in part because prosecutors have questions over whether the central witnesses in the long-running investigation would be perceived as credible before a jury, the source said. Senior Justice Department officials have not made a final decision on whether to charge Gaetz, according to the source. CNN has previously reported that the department was facing a looming deadline to bring charges so as not to interfere with an election, which is required under Justice Department policy. Gaetz is up for reelection in November.The Florida congressman was under investigation over allegations involving sex trafficking and prostitution, including whether Gaetz…

A New York man is accused of sexually assaulting five people in the Bronx a week before he was going to be sentenced to 30 days in jail as part of a plea deal in a separate rape case.Justin Washington was out on bail when he allegedly assaulted four women and a man in a string of attacks on Sept. 15, according to a criminal complaint obtained by NBC News. Washington, 25, was due in a Manhattan court on Wednesday to be sentenced in connection with a Feb. 22 incident involving his relative. The New York Post was first to report…

KANSAS CITY, Mo. — An 84-year-old man was convicted Thursday of shooting and killing a Kansas City lawyer who had won a multi-million judgment against him in a civil lawsuit.A Jackson County jury deliberated about two hours before finding David Jungerman, of Raytown, guilty of first-degree murder and armed criminal action in the Oct. 25, 2017, death of 39-year-old Tom Pickert, who was shot in front of his home after he returned from walking his children to school.Prosecutors contended Jungerman shot Pickert because he was upset the attorney had won a $5.75 million judgment for a homeless man who Jungerman…

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