Money

NY Judge drops Donald Trump’s contempt charge

Published

2 years ago

May 12, 2022

William Howard

A New York Judge has lifted the civil contempt finding previously issued against Donald Trump, but is ordering the former President to pay $110,000 in fines

The judge has set several other conditions that must be set by May 20 or the contempt finding will be reinstated.

Trump’s team must now provide sworn statements describing the organisation’s document destruction policy.

The team must also complete a review of five boxes tied to Trump that are located in an off-site storage facility.

The judge officially pressed paused on the contempt fine on Friday, which was accruing at a rate of $10,000 a day, but warns the fine “MUST be paid”.

The New York attorney general’s office moved to hold Trump in contempt after he failed to comply for a subpoena to provide documents that was issued back in 2019.

It all relates to financial statements the Trump Organisation has provided to lenders, insurers and used for tax benefits, and whether these were accurate.

Related Topics:biden Featured Politics trending trump

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.