(Bloomberg) — Former President Donald Trump’s attempt to use a Florida lawsuit to stall New York’s $250 million civil fraud case against him was rejected a federal judge who called some of his arguments “plainly frivolous.”
(Bloomberg) — A lawyer who was part of former President Donald Trump’s 2020 legal team may be evading a subpoena in a defamation case against Rudy Giuliani, according to attorneys for two Georgia election workers who sued the former New York City mayor.
(Bloomberg) — Brexit has damaged the ability of UK companies to compete in the European Union, with businesses “banging their heads against a brick wall,” according to a survey from the British Chambers of Commerce.
A former senior trader at Credit Agricole in New York sued the bank alleging he was subject to “stereotypically offensive, overtly racist, and degrading comments” as a Latinx person and denied career advancement and monetary rewards.
US Senator Pat Toomey and other Republican lawmakers introduced legislation that would more than halve the number of Federal Reserve regional banks and add more political oversight to the selection process for bank presidents.
US stocks rallied on Wednesday as an improvement in consumer confidence and better-than-expected earnings boosted sentiment. Treasuries were mixed after Tuesday’s selloff as the furore following the Bank of Japan’s unexpected increase in its yield trading band ebbed.
(Bloomberg) — Benjamin Netanyahu succeeded in forming an Israeli ruling coalition on Wednesday minutes ahead of a midnight deadline.
Chicago Mayor Lori Lightfoot has been making personal appeals for support to the city’s top business leaders ahead of a challenging reelection bid – surprising some of them with direct outreach after she was often seen as holding corporate executives at arm’s length.
New York City Mayor Eric Adams defended his record on crime on Wednesday, wrapping up his first year in office amid a 25% rise in major felonies through November.
Gold slipped as the dollar rebounded, while investors digested an improvement in consumer confidence while awaiting US inflation data that may shed more light on the Federal Reserve’s rate hike trajectory.
