News

Trump seeks to delay classified documents trial until after 2024 election

Published

2 years ago

July 12, 2023

ticker NEWS

On Monday, former President Donald Trump requested a significant delay before facing trial for allegedly hoarding military secrets at his Mar-a-Lago estate

Trump argued that proceeding with the trial while he remains a presidential candidate would make it nearly impossible to impanel an impartial jury.

“Proceeding to trial during the pendency of a Presidential election cycle wherein opposing candidates are effectively (if not literally) directly adverse to one another in this action will create extraordinary challenges in the jury selection process and limit the Defendants’ ability to secure a fair and impartial adjudication,” attorneys for Trump and his personal aide and co-defendant, Walt Nauta, said in a court filing Monday night.

This request presents a crucial test for U.S. District Court Judge Aileen Cannon, who is considering special counsel Jack Smith’s push for a December 2023 trial, citing the strong public interest in beginning proceedings as soon as possible.

The defence filing categorically states that December is too soon for a trial and urges Judge Cannon not to set a trial date at this point.

Trump’s legal team explicitly opposes a trial during the upcoming presidential election season, which is expected to kick off later this year.

If Trump secures the Republican nomination, his defence argues for a delay of almost a year beyond the prosecution’s proposed timeline.

This legal strategy aligns with Trump’s customary approach of protracting legal matters in the hopes of changing the legal landscape.

However, in this instance, the objective is to delay a criminal trial that could potentially result in a lengthy prison sentence if he is convicted, marking the first-ever prosecution of a former president.

Furthermore, if Trump were to win the election, he would possess legal and constitutional tools to disrupt the prosecution’s efforts.

He has previously asserted the power to self-pardon, an untested exercise of presidential authority.

Additionally, as president, he would have the ability to appoint leaders within the Justice Department, who could potentially terminate any ongoing criminal proceedings.

In their late-night submission, Trump’s defence attorneys did not address these scenarios directly but highlighted a series of potential conflicts and proceedings that they argue would make it nearly impossible to adequately prepare for a trial in the coming months.

These complications include a civil trial scheduled for October in New York involving New York Attorney General Letitia James’ attempt to impose significant restrictions on Trump and his businesses for alleged widespread fraud.

Another issue is a criminal trial set for March 2024 on state charges related to hush money payments to porn star Stormy Daniels just before the 2016 presidential election.

News

Boeing secures record deal with Qatar Airways for jets

Boeing secures record deal with Qatar Airways for up to 210 planes, boosting both companies amid ongoing challenges.

Published

54 minutes ago

May 15, 2025

Ahron Young

Boeing secures record deal with Qatar Airways for up to 210 planes, boosting both companies amid ongoing challenges.

In Short:
Boeing has secured a historic deal with Qatar Airways for up to 210 jets, including 130 787 Dreamliners, which could generate about 400,000 U.S. jobs. The agreement, signed during President Trump’s visit, also involves a significant engine purchase from GE Aerospace.

Boeing has secured a landmark deal with Qatar Airways for up to 210 jets, marking its largest order for widebody aircraft. The agreement includes 130 Boeing 787 Dreamliners and 30 delayed 777-9s, with options for an additional 50 aircraft.

Additionally, Qatar Airways signed a contract with GE Aerospace for over 400 engines, the largest engine purchase in GE’s history. The deal was signed during President Donald Trump’s visit to Qatar, with Boeing’s CEO present at the ceremony.

Qatar Airways’ CEO stated that this purchase is essential for investing in an efficient fleet to meet increasing demand. Boeing’s Commercial Airplanes CEO highlighted that the order solidifies Qatar Airways’ future fleet with leading widebody models.

The 777-9 aircraft, part of the 777X series, has not yet been delivered or certified.

154,000 jobs

The White House estimated the value of the deal at $96 billion, projecting support for 154,000 jobs annually in the U.S.

Boeing and Qatar Airways, however, estimate about 400,000 U.S. jobs will result from this agreement.

Boeing has faced challenges, including safety issues and a trade war impacting its business. Senator Lindsey Graham noted that this deal could significantly benefit South Carolina, where the planes will be assembled.

The order will nearly double Qatar Airways’ current fleet of 233 aircraft. The deal has prompted scrutiny regarding Trump’s acceptance of a luxury 747 gift from Qatar for Air Force One.

News

Trump lands in Saudi Arabia for major deals

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

Published

23 hours ago

May 14, 2025

ticker NEWS

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

President Trump has officially landed in Saudi Arabia, kicking off a high-stakes four-day tour across the Middle East aimed at major economic wins.

Welcomed personally by Crown Prince Mohammed bin Salman, Trump’s arrival signals the start of key discussions with leaders from Saudi Arabia, Qatar, and the UAE.

For all the latest, follow our global coverage at https://www.youtube.com/@weareticker

#TrumpMiddleEast #SaudiArabia #USDeals #TickerNews #TrumpInSaudi #USPolitics #MohammedBinSalman #Geopolitics #MiddleEastTrip #TrumpNews

News

S&P 500 rebounds as Nvidia boosts tech shares

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

Published

1 day ago

May 14, 2025

Ahron Young

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

In Short:
The S&P 500 rose 1% on Tuesday, buoyed by improving U.S.-China trade relations and strong performances from companies like Nvidia. Despite some concerns about high valuations, analysts showed cautious optimism for continued market growth due to positive economic data and government investments.

The S&P 500 rose on Tuesday, returning to positive territory for the year as easing U.S.-China trade tensions boosted investor confidence.

The index gained 1%, with the Nasdaq Composite increasing 1.8%. The Dow Jones Industrial Average fell by 166 points, or 0.3%, due to an 18% drop in UnitedHealth shares.

Nvidia’s stock led the market, advancing 6% after announcing the shipment of 18,000 artificial intelligence chips to Saudi Arabia. This news positively impacted peer companies such as Broadcom and AMD, which increased by around 4%.

Following this rally, the S&P 500 is now up 0.2% for 2025, after previously being down over 17% due to trade uncertainties. The market responded positively to news of a 90-day tariff pause between the U.S. and China, which contributed to a significant surge in stock prices.

Market analysts noted that improved sentiment stems from several factors, including the chip deal, easing inflation pressures, and anticipated tax cuts. The White House also announced a $600 billion investment in the U.S. economy.

In addition to the trade news, softer-than-expected inflation data in April, which reported a 2.3% increase in the consumer price index, further energised the market. Economists had predicted a 2.4% rate.

Investment experts express cautious optimism, acknowledging ongoing concerns surrounding high valuations and market concentration, but suggest that current data may lead to continued market growth in the short term.