The No. 1 AI Stock of 2024 (Not Nvidia)

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Appellate judge refuses to halt Trump's $454 million fraud penalty while he appeals

MICHAEL R. SISAK and JENNIFER PELTZ
February 28, 2024

NEW YORK (AP) -- A New York appellate judge on Wednesday refused to halt collection of Donald Trump's $454 million civil fraud penalty while he appeals, rejecting the former president's request that he be allowed to post a bond covering just a fraction of what he owes.

Judge Anil Singh of the state's mid-level appeals court ruled that Trump must post a bond covering the full amount in order to stop enforcement of the judgment. Singh did grant some of Trump's requests, including pausing a three-year ban on him seeking loans from New York banks -- which could help him secure the necessary bond.

Trump's lawyers told the appellate court earlier Wednesday that Trump was prepared to post a $100 million bond, arguing that the lending ban in the Feb. 16 verdict made it impossible for him to secure a bond for the full amount.

Trump's lawyers floated the smaller bond offer in court papers as they sought an order from the appellate court preventing New York Attorney General Letitia James' office from enforcing the judgment while his appeal plays out. Singh ruled that Trump needs to post the full amount, which would pause collection automatically.

In all, the Republican presidential front-runner and his co-defendants owe more than $465 million to the state. They have until March 25 to secure a stay, a legal mechanism pausing collection while he appeals, or they'll be forced to pay the monetary penalty or risk having some of their assets seized.

"The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond," Trump lawyers Clifford Robert, Alina Habba and Michael Farina wrote in their request.

James' office opposed Trump's plan, saying his lawyers have all but conceded he has "insufficient liquid assets to satisfy the judgment."

"These are precisely the circumstances for which a full bond or deposit is necessary," Senior Assistant Solicitor General Dennis Fan wrote, saying Trump's offer would leave James' office and the state "with substantial shortfalls" if the verdict is upheld.

"A prevailing plaintiff is entitled to have her award secured, and defendants have never demonstrated that Mr. Trump's liquid assets could satisfy the full amount of the judgment," Fan wrote.

James, a Democrat, has said that she will seek to seize some of Trump's assets if he's unable to pay the judgment.

Judge Arthur Engoron found that Trump, his company and top executives, including his sons Eric and Donald Trump Jr., schemed for years to deceive banks and insurers by inflating his wealth on financial statements used to secure loans and make deals.

Among other penalties, the judge put strict limitations on the ability of Trump's company, the Trump Organization, to do business. Paperwork making the judgment official was filed on Feb. 23. That started a 30-day window for Trump to pay up or file an appeal and seek a stay.

Also Wednesday, white powder was found in an envelope addressed to Engoron at his Manhattan courthouse. Officials said preliminary testing showed it was negative for hazardous substances and no injuries were reported.

In January, hours before closing arguments in the case, authorities responded to a bomb threat at the judge's home. Engoron's chambers have reported hundreds of harassing and threatening calls, emails, letters and packages since the start of Trump's trial in October.

Trump filed his appeal on Monday. His lawyers are asking the Appellate Division of the state's trial court to decide whether Engoron "committed errors of law and/or fact" and whether he abused his discretion or "acted in excess" of his jurisdiction.

Trump wasn't required to pay his penalty or post a bond in order to appeal, and filing the appeal did not automatically halt enforcement of the judgment.

Trump would receive an automatic stay if he were to put up money, assets or an appeal bond covering what he owes. He also had the option, which he's now exercising, to ask the appeals court to grant a stay with a bond for a lower amount.

Trump lawyers argued that Trump's vast real estate assets and oversight mandated by Engoron's ruling, including supervision of his company by an independent monitor, "would alone be sufficient to adequately secure any judgment affirmed."

The $100 million bond, they said, "would simply serve as further security."

Trump maintains that he is worth several billion dollars and testified last year that he had about $400 million in cash, in addition to properties and other investments.

In all, Trump has at least $543.4 million in personal legal liabilities from Engoron's ruling and two other civil court judgments in the last year.

In January, a jury ordered Trump to pay $83.3 million to writer E. Jean Carroll for defaming her after she accused him in 2019 of sexually assaulting her in a Manhattan department store in the 1990s. That's on top of the $5 million a jury awarded Carroll in a related trial last year.

Continue Reading...

Popular

Meta to Suspend Threads in Turkey Amid Regulatory Challenges, Aims for Future Reinstatement

Meta Platforms, Inc will stop operating Threads in Turkey on April 29 due to an order from the Turkish Competition Authority, but plans to appeal and reinstate the app soon. It also lowered fees for ad-free versions in Europe.

NASA is seeking a faster, cheaper way to bring Mars samples to Earth

CAPE CANAVERAL, Fla. (AP) — NASA’s plan to bring samples from Mars back to Earth is on hold until there’s a faster, cheaper way, space agency officials said Monday.

The Six Words That Could Destroy America... And the Value of Your Savings. - Ad

He predicted the dangerous rise of inflation... the death of the 60/40 portfolio... and now, this 40-year market veteran and retirement expert is stepping forward with a new must-see warning for every American. It involves the world's most powerful investors, central bankers, and America's most bitter geopolitical rivals.

Saudi foreign minister arrives in Pakistan to discuss how to help with the country's economic crisis

ISLAMABAD (AP) — Saudi Arabia’s foreign minister on Monday led a high-level delegation on a two-day visit to Pakistan, which is seeking help in overcoming one of its worst economic crises.

Warren Buffett Is Known For His Simple Lifestyle But Here Are 8 Lavish Things We Know He Owns

Warren Buffett, the billionaire, embraces a modest lifestyle and prefers stashing his cash in the bank. Despite standing among the world's wealthiest, the priciest items he owns could surprise everyone.

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

If O.J. Simpson's assets go to court, Goldman, Brown families could be first in line

LOS ANGELES (AP) — without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend .

Top 3 Financial Stocks That Are Ticking Portfolio Bombs

As of April 11, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Apple, Rivian, Amazon, Nikola, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Thursday, the primary U.S. stock market benchmarks closed higher, with the S&P 500 increasing by 0.74% to reach 5,199.06.

The Sleeper Crypto of 2024? - Ad

One little-known coin is quietly gearing up for a potential breakout. Our analysts believe it could be the surprise crypto hit of 2024. Discover the name of this under-the-radar gem and our full analysis for just $3.

Dead whale in New Jersey had a fractured skull among numerous injuries, experts find

LONG BEACH TOWNSHIP, N.J. (AP) — A post-mortem examination of a whale that washed ashore on New Jersey's Long Beach Island found that the animal had sustained numerous blunt force injuries including a fractured skull and vertebrae.

"This Will Be Bigger Than Tesla" -- Elon Musk - Ad

Elon Musk has cracked open a radical wealth-building opportunity, one that's set to close shut by May 16, 2024. It has to do with a new venture that Elon Musk is set to roll out... Something I'm calling "Elon's A.I. 2.0."

Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded

Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she founded.

Insiders Buying Zumiez And 3 Other Stocks

Although U.S. stocks closed little changed on Monday, there were a few notable insider trades.

My No. 1 Coin Is... - Ad

You're looking for the #1 Coin to invest in... Am I right? Then check out this special $3 report. Inside, you'll find the name of the coin, how to invest, and what to expect. Don't miss your chance...

Thai prime minister unveils details of a $13.5 billion digital money handout plan

BANGKOK (AP) — Thailand's Prime Minister Srettha Thavisin on Wednesday revealed details of his government’s plan to stimulate the economy by giving digital cash handouts of 10,000 baht ($275) to an estimated 50 million Thais for spending at their local businesses.

CRITICAL May 1st Warning - Ad

Jason Bodner is going public today with an urgent new warning. He believes the most popular investment of 2024 is set to pop... And it could all start just days from now. This has NOTHING to do with A.I. stocks... It has NOTHING to do with crypto currency... And it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion.

Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Fastenal Company (NASDAQ: FAST) fell sharply during Thursday’s session following worse-than-expected first-quarter financial results.

Insiders Buying America's Car-Mart And 2 Other Stocks

Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.

Man Who Called $3 Trillion Apple Predicts the Next Trillion Dollar Stock - Ad

In 2007, he predicted Facebook would become a $100B company.... In 2010, he predicted Apple would reach a three-trillion-dollar valuation.... In 2013, he called Bitcoin -- before it rose 50,000% and ultimately reached a trillion-dollar market cap. And now... This A.I. Genius is stepping into the spotlight to predict the next-trillion stock.

This Man, Who Never Went To University, Is Making $1.2M-A-Year At Deloitte At The Age Of 30

Ben Newton, a former apprentice at Deloitte, has achieved the feat of becoming a partner at the age of 30, earning $1.2 million a year.

2 Russian businessmen linked to Alfa Group win court case over EU sanctions

BRUSSELS (AP) — Russian businessmen Mikhail Fridman and Petr Aven won a court case Wednesday over a European Union decision to sanction the pair for their alleged role in Russia’s war against Ukraine.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Is Niu Technologies Ready To Charge Ahead Again?

Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry

Macy's names 2 independent directors as part of agreement with activist investor

NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

Jeff Bezos' Next Trillion Dollar Bet (shocking) - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Last call for dry towns? New York weighs lifting post-Prohibition law that let towns keep booze bans

ALBANY, N.Y. (AP) — New York towns and villages that have post-Prohibition bans on alcohol sales would be forced to lift such restrictions under a bill moving through the Legislature.

Elon Musk's AI Startup xAI Reportedly Seeks $4B To Challenge ChatGPT-Parent OpenAI — Valuation Could Hit $18B

Elon Musk's AI startup, xAI Corp., is in discussions to raise up to $4 billion in funding, potentially valuing the company at $18 billion, leveraging Musk's track record and high-quality data from his social network, X, to train AI models.

Jeff Bezos Just Humiliated Elon Musk - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

March Sales Top $288M In Another Record-Breaking Month For Michigan Cannabis Industry

Discover Michigan's booming cannabis market with record-breaking $288.8M sales in March. Dive into industry dynamics and future projections.

Biden Warns Of 'Exploding National Debt' If Trump's 'MAGA Extremists' Win Again

Joe Biden warns of potential consequences of a Trump return, including rising national debt, social security threats, and women's rights issues.

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

US Postal Service seeking to hike cost of first-class stamp to 73 cents

WASHINGTON (AP) — The U.S. Postal Service signaled plans Tuesday for a rate increase that includes hiking the cost of a first-class stamp from 68 cents to 73 cents, part of an overall 7.8% increase to take effect this summer.

Jeff Bezos's Next Trillion Dollar Bet Exposed - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

China's exports tumble 7.5% in March and imports also fall as demand slows

HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service