Trump Lawyer Returns to Court Over Grand Jury Questioning
In Washington DC, M Evan Corcoran, Trump’s attorney, appeared in federal court after a judge ordered him to answer more questions before a grand jury probing mishandling of classified documents at Mar a Lago. Prosecutors pursue potential obstruction and willful retention of national defense information, with a focus on whether Trump or aides obstructed recovery of hundreds of documents.
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Wall Street recovers with weekly gains amid banking fears
Wall Street closed higher after a volatile day as investors weighed global bank stress and higher rates. The S&P 500 rose 0.6 percent, the Dow gained 0.4 percent, and the Nasdaq advanced 0.3 percent. European banks led declines with Deutsche Bank down 8.5 percent, while JPMorgan Chase fell 1.5 percent and Bank of America added 0.6 percent. Treasury Yellen said government support would back deposits if systemic risk emerged.
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Deutsche Bank Dives as European Shares Fall on Systemic Fears
Deutsche Bank shares slid 8.5 percent after intraday losses of up to 14 percent amid broader bank declines in Europe. Scholz defended the lender, noting its modernization and profitability, as markets priced in fears of contagion from Credit Suisse and U.S. bank crises.
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Knight Foundation leader retires after long journalism push
Alberto Ibarguen, 79, announces retirement as head of the Knight Foundation, ending a tenure spanning the Bush era. Under his leadership the foundation grew to about $3 billion in assets and backed major city initiatives in Detroit and Miami, while pushing to restore journalism credibility and fund a broad journalism effort possibly reaching $1 billion. He highlighted diversifying endowment managers and expanding the foundation’s reach beyond traditional rules.
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Local Stocks and Deferred Sales Dip
Local market report shows deferred sales slipping after the prior day’s gains as stock activity remains muted. Associated Press notes the fluctuation in key local interests with modest turnover and cautious investor sentiment.
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