May 4, 2025 - 13:07
New York Attorney General Letitia James is delving into the fluctuations of tariffs during Donald Trump's presidency, raising questions about potential insider trading among his close associates. This inquiry marks an unprecedented approach in examining how policy shifts may have benefited insiders with advance knowledge of impending changes.
Former prosecutors have expressed skepticism about the challenges of proving insider trading in this context. The complexity of linking specific tariff decisions to personal financial gains complicates the investigation. James is scrutinizing whether any individuals within Trump's inner circle acted on privileged information that could have influenced their financial decisions during a time of significant economic volatility.
As the investigation unfolds, it could set a precedent for how similar inquiries are conducted in the future. The implications of this inquiry extend beyond Trump's administration, potentially impacting the broader landscape of political accountability and ethical conduct in government. The outcome remains uncertain, but the pursuit of justice in financial practices continues to gain momentum.
May 30, 2025 - 19:59
HSBC to Close U.S. Business Banking DivisionHSBC is reportedly winding down its business banking unit in the U.S. as it sharpens its focus on other markets. As it disbands the business banking unit, the bank aims to streamline its operations...
May 30, 2025 - 05:08
Rising Burglary Concerns in Northeast PhiladelphiaPhiladelphia Police are on the hunt for at least two suspected burglars who have targeted auto shops and various businesses in Northeast Philadelphia. The recent spike in break-ins has left many...
May 29, 2025 - 22:11
Business Insider's Finance Editor Among Recent LayoffsIn a significant shift within its editorial team, Business Insider announced the layoff of finance editor Jeffrey Cane on Thursday. Cane, who had been with the publication since April 2022,...
May 29, 2025 - 12:41
Court Rules Against Trump's Tariff AuthorityIn a significant ruling, the Court of International Trade has determined that the emergency law invoked by the White House does not grant the unilateral authority to impose tariffs on nearly all...