Lawyers for President Donald Trump asked a judge on Monday to order Rupert Murdoch to sit for a deposition within 15 days for Trump's $10 billion lawsuit accusing the media mogul of defaming him in a Wall Street Journal article about a "bawdy" birthday letter to sex offender Jeffrey Epstein. Trump's lawyers cited Murdoch's advanced age to submit to questioning under oath as a chief argument in their motion to compel him to testify earlier than would be normal in such a lawsuit, suggesting that Murdoch will either be too ill or dead to testify by the time the case goes to trial. "Murdoch is 94 years old, has suffered from multiple health issues throughout his life, is believed to have suffered recent significant health scares, and is presumed to live in New York, New York," Trump's lawyers said in their legal filing in Miami federal court.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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CNBC reposted this
Second verse. Same as the first. HENRYs — or “high earners, not rich yet” — may still live paycheck to paycheck as they face rising costs, debt and lifestyle creep. Charlotte Morabito's video for CNBC explains how the more money people earn, the more they say they need to feel comfortable. A new survey from BHG Financial found that nearly two-thirds, or 62%, of people with salaries over $300,000 a year struggle with credit card debt. Click here to learn how spending habits can leave even high earners feeling like they’re on a hamster wheel: https://lnkd.in/ezXMR9_V.
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Design software maker Figma on Monday increased the expected price range for shares in its initial public offering this week. The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21. The new range, announced in a regulatory filing, suggests Figma would be worth $17.6 billion to $18.8 billion on a fully diluted basis.
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President Donald Trump on Monday reduced to less than two weeks his deadline for Russian President Vladimir Putin to either reach a peace deal with Ukraine or face massive “secondary tariffs” on Moscow’s trade partners. Trump previously gave Putin a 50-day deadline, which was set to expire in early September. Read more: cnb.cx/459sQ7J
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President Donald Trump said Monday that he will likely implement a blanket tariff between 15 and 20% on imports to the United States from countries that have not negotiated separate trade agreements. His comments come days before his Aug. 1 tariff deadline, and as dozens of countries have still not reached trade deals with the United States. Read more: cnb.cx/44PnWOj
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President Donald Trump on Monday said that he threw his long-time friend Jeffrey Epstein out of his Mar-a-Lago club and cut ties with him years ago because "he stole people who worked for me." Trump said Epstein poached at least one more employee from him after being warned not to do it again. The president, who spoke in Scotland, provided no other details of the dispute with Epstein, who killed himself in a federal jail in New York weeks after being arrested on child sex trafficking charges in July 2019.
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High earners often feel stuck financially due to rising costs, debt and lifestyle inflation. So-called “HENRYs,” or “high earners, not rich yet,” may still live paycheck to paycheck, or carry credit card debt. Find the full report: cnb.cx/4lSpugy
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U.S. Trade Representative Jamieson Greer on Monday said the U.S. trade agreement with the European Union, which includes 15% tariffs on the bloc, puts the country on track to "have a really good partnership with the EU." Watch more: cnb.cx/4o8sGWP
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Shares of liquified natural gas (LNG) companies jumped Monday after the European Union agreed to purchase $750 billion of energy from the U.S. LNG exporters Cheniere and Venture Global were up about 3% and more than 4%, respectively. NextDecade and New Fortress Energy, which build LNG infrastructure, jumped more than 2% and about 3%. EU President Ursula von der Leyen said the purchases would help reduce the bloc's dependence on Russia for natural gas.