Money

Why Donald Trump has to pay a daily fine of $10,000

Published

2 years ago

April 26, 2022

Former US President Donald Trump has been held in contempt by a New York court, ordered to pay a daily fine of $10,000

A New York Attorney requested the court to impose the ruling, after Trump failed to hand over documents requested during an investigation into his business affairs.

The former president’s lawyers say they will appeal the decision, noting his team have done everything they can to comply with the court.

The case centres around claims Trump inflated the value of his assets to banks when he was seeking loans.

New York’s Attorney has long accused the businessman of stonewalling – and now she’s successfully made it costly for him not to comply with requests.

Trump’s lawyer says the investigation has “seemingly become aimless” adding the Trump organisation has been given six subpoenas since the case began three years ago.

The lawyer also notes her client has produced more than 6 million pages of documents, and 13 Trump Organisation witnesses have also been deposed.

Related Topics: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

Will Australia’s foreign investment rule create an economic boost?

Published

1 day ago

May 8, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Money

Research key to investment success

Published

3 days ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

3 days ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured