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US charges second Frank college aid executive with defrauding JPMorgan
US charges second Frank college aid executive with defrauding JPMorgan
By Luc Cohen NEW YORK U.S. prosecutors on Wednesday unveiled an indictment charging Olivier Amar, who helped run
2023-07-13 01:46
Elon Musk Announces New Company xAI as He Seeks to Build ChatGPT Alternative
Elon Musk Announces New Company xAI as He Seeks to Build ChatGPT Alternative
Elon Musk, who has hinted for months that he wants to build an alternative to the popular ChatGPT
2023-07-13 01:16
Dollar’s Epic Drop Sends Franc and Yen Surging as Traders Weigh Fed Path
Dollar’s Epic Drop Sends Franc and Yen Surging as Traders Weigh Fed Path
A 14-month low in the US dollar is rippling through global currency markets as traders consider the impact
2023-07-13 00:50
Democrats Want Inquiry on GOP’s ‘Duping’ by Hunter Biden Accuser
Democrats Want Inquiry on GOP’s ‘Duping’ by Hunter Biden Accuser
Democrats unsuccessfully sought an immediate US House inquiry into whether Republican lawmakers leveling accusations of corruption against presidential
2023-07-13 00:24
Dems call for probe into whether ‘whistleblower’ Gal Luft made claims about Biden to help China
Dems call for probe into whether ‘whistleblower’ Gal Luft made claims about Biden to help China
A pair of top Democrats on the House Oversight Committee are asking Chairman James Comer to look into whether the accused foreign agent who claims to be a “whistleblower” against President Joe Biden and his son was acting to further Chinese interests when he accused the Bidens of crimes. In a letter to Mr Comer, Ranking Member Jamie Raskin of Maryland and Representative Daniel Goldman of New York expressed “concern” that the Oversight Committee “has been manipulated” by alleged arms dealer Gal Luft, who they described as “an apparent con man who, while a fugitive from justice, attempted to fortify his defense by laundering unfounded and potentially false allegations through Congres”. The alleged GOP whistleblower, an Israeli-American think tank founder, was indicted last November on charges that he allegedly trafficked arms, acted as a foreign agent for China and violated US sanctions on Iran. Mr Luft, who was arrested in February by Cypriot authorities, jumped bail while awaiting extradition to the US and has been on the run ever since. While he claims he is being persecuted by the federal government because he provided derogatory information about the Biden family to the FBI in a 2019 interview, US Attorney for the Southern District of New York Damian Williams said in a statement that he “engaged in multiple, serious criminal schemes”. “He subverted foreign agent registration laws in the United States to seek to promote Chinese policies by acting through a former high-ranking U.S. Government official; he acted as a broker in deals for dangerous weapons and Iranian oil; and he told multiple lies about his crimes to law enforcement,” Mr Williams said. Mr Raskin and Mr Goldman noted that the false statement charges against Mr Luft “eviscerate” his credibility, even as Mr Comer has continued to call him “a very credible witness” despite the fact that Mr Luft remains a fugitive from justice. They also pointed out that Mr Luft is alleged to have lied to FBI agents during the same March 2019 interview at which he claims to have provided information to the bureau about Hunter Biden, and suggested that Mr Luft’s claims against the president and his son may be part of a Chinese-backed effort to undermine US interests and Mr Biden’s presidency. “It appears as if Mr. Luft sought ‘whistleblower’ status from you in an effort to defend himself from criminal prosecution while a fugitive from justice. Worse yet, this latest episode also raises concerns that Mr. Luft may be manipulating your investigation not only for his own self-interest but perhaps also in furtherance of the CCP’s efforts to undermine U.S. security interests and the President of the United States,” they said. “These recent revelations naturally raise broader concerns about the credibility and motivations of other purported whistleblowers that Congressional Republicans have relied on to support unfounded and baseless allegations. Sadly, the Luft episode severely undermines the credibility of the critical function of whistleblowers in this body”. The Democratic representatives called on Mr Comer to stop withholding documents relating to Mr Luft from members of the minority on the committee, and asked him to initiate an investigation into whether his panel has been manipulated by Mr Luft in service of a foreign power. “In order to protect the Congress’s institutional credibility and to reassure the American people that the CCP is not using Republicans’ investigations as a vehicle to undermine the United States government, we urge you to immediately initiate an investigation into whether the Committee may have been unwittingly duped by Mr. Luft in furtherance of the CCP’s interests, as well as any potentially false statements made by Mr. Luft to Members of Congress or congressional staff,” they said. Read More He claimed to have dirt on the Bidens. Now the DoJ say he’s a Chinese spy. Who is Gal Luft? GOP cries foul over spy charges for Biden ‘whistleblower’ ‘Whistleblower’ who accused Bidens of corruption is charged with arms trafficking and violating Iran sanctions DC promises a 'very, very robust' police presence to maintain public safety over July 4 holiday GOP had evidence disproving Biden bribery claims in 2019, top Democrat says Finland's new finance minister apologizes for racist comments in 2008 blog post
2023-07-12 23:26
'Hard Knocks' Lands New York Jets
'Hard Knocks' Lands New York Jets
As soon as the Aaron Rodgers back-and-forth mercifully ended with a deal sending him to the New York Jets, speculation began to grow that Gang Green would be conscripted into Hard Knocks duty. Because, well, they have an extremely noteworthy quarterback now and everyone is curious about how all of that is going to work. It took some time but we have some resolution on that matter today as Adam Schefter was first to market with the news that, yup, the Jets will be on Hard Knocks.
2023-07-12 22:50
Domino’s Pizza Shares Jump on a Deal Allowing Orders Through Uber Eats
Domino’s Pizza Shares Jump on a Deal Allowing Orders Through Uber Eats
Domino’s Pizza Inc. shares jumped after the company announced a third-party ordering agreement with Uber Technologies Inc. The
2023-07-12 22:21
Three Shohei Ohtani Free Agent Destinations
Three Shohei Ohtani Free Agent Destinations
If Shohei Ohtani ends up a free agent, who could sign him?
2023-07-12 22:15
Traders Look Past Bank of Canada Decision to See More Pain Ahead for Loonie
Traders Look Past Bank of Canada Decision to See More Pain Ahead for Loonie
Traders betting the Bank of Canada will raise its benchmark interest rate on Wednesday are already scanning the
2023-07-12 21:54
Biden news – live: US warns Ukraine joining Nato would cause ‘war with Russia’ ahead of Zelensky meeting
Biden news – live: US warns Ukraine joining Nato would cause ‘war with Russia’ ahead of Zelensky meeting
PresidentJoe Biden is set to meet Ukrainian President Volodymyr Zelensky today as world leaders gather for day two of a key Nato summit. The bilateral meeting, which will take place at 3.45pm local time (8.45am ET) in the Lithuanian capital of Vilnius, comes after Jake Sullivan warned that Ukraine’s entry into Nato membership would lead to “war with Russia”. “Every Nato ally, including the United States, needs to look squarely at the fact that admission to Ukraine into NATO at this juncture means war with Russia. That is an inescapable fact,” he told CNN on Wednesday morning. On Tuesday, Mr Zelensky slammed Nato leaders for not extending membership to Ukraine, calling the inaction “absurd” while Nato leaders – including Turkey – said they would happily welcome Sweden into the membership. Last week, Mr Biden said he thinks Ukraine is “not ready” for membership. Following the meeting between the US and Ukrainian presidents, Mr Biden will deliver a speech to Nato leaders highlighting how the US and its allies are supporting Ukraine in the war. Preparation for this “big speech” was given as the reason behind Mr Biden’s decision to shun a dinner with Nato leaders on Tuesday night. Read More Biden will meet Zelensky at Nato summit in Lithuania as war with Russia rages on Palace insists King Charles didn’t mind when President Biden ‘broke protocol’ and patted him on back Awkward moment as King Charles appears to snap at Biden’s chat with Windsor Castle guard
2023-07-12 21:49
Hedge Fund Treasury Trade That Blew Up Attracts BOE Concern
Hedge Fund Treasury Trade That Blew Up Attracts BOE Concern
A leveraged trade in US Treasury futures that has regained popularity with hedge funds poses a risk to
2023-07-12 21:48
White House cheers ‘Bidenomics’ as inflation rises by only 0.2%
White House cheers ‘Bidenomics’ as inflation rises by only 0.2%
The Bureau of Labor Statistics reported that inflation ticked up by only 0.2 per cent in June and had its lowest 12-month increase in more than two years in a welcome turn of events for President Joe Biden. The Consumer Price Index for All Urban Consumers showed that inflation rose 0.2 per cent last month after it had only ticked up 0.1 per cent in May, in a sign that inflation is easing up. Meanwhile, the all-items index rose 3.0 per cent for the past twelve months ending in June, its lowest 12-month increase since March of 2021.
2023-07-12 21:27
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