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Trump’s company set to face criminal charges as finance officer surrenders

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Former US President Donald Trump’s long-serving chief financial officer has surrendered to the Manhattan district attorney’s office

https://twitter.com/tickerNEWSco/status/1410554123733192704?s=20

Allen H. Weisselberg, surrendered on Thursday to the Manhattan district attorney’s office as he and the Trump Organisation are set to face charges in connection with a tax investigation.

The exact charges were not yet known, but prosecutors were expected to unseal an indictment later in today against Mr. Weisselberg and the Trump Organisation.

Mr. Weisselberg, accompanied by his lawyer walked into the Lower Manhattan building that houses the criminal courts and the district attorney’s office about 6:20 a.m.

The cheif financial officer is expected to appear in court in the afternoon along with representatives of the Trump Organisation.

The charges against the Trump Organisation and Mr. Weisselberg — whom Mr. Trump once praised for doing “whatever was necessary to protect the bottom line” — emerged from the district attorney’s sweeping inquiry into the business practices of Mr. Trump and his company.

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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