A powerful nor'easter is set to bring heavy snow, winds, and coastal flooding to the US Northeast on Tuesday, causing power outages and making travel difficult. Over 20 million people are under winter weather alerts as the storm is expected to strengthen rapidly and significantly impact the Northeast through Wednesday. The National Weather Service is urging people to take precautions and prepare for the storm, including staying informed of the latest weather updates and avoiding unnecessary travel.
Posts tagged as “CBS New York”
The New York Yankees are mourning the loss of former player Joe Pepitone, who passed away at the age of 82. He was a three-time All-Star and Gold Glove first baseman who played for the Yankees from 1962 to 1969 and was beloved by generations of fans for his flamboyant personality and on-field contributions. Pepitone was born in Brooklyn and was part of the Yankees team that won the World Series in 1962, his rookie season. The Yankees organization sends their condolences to his family and friends during this difficult time.
Shares of regional banks in the US slumped on Monday, as investors sold off their stocks in response to the collapse of SVB Financial Group and Signature Bank. This has raised fears of possible bank contagion, despite the additional funding from JPMorgan Chase to help First Republic Bank meet withdrawal demands. SVB catered to tech startups, internet and software companies, as well as firms in the life science and health care space, and had $210 billion in assets.
Former President Donald Trump has declined an invitation to testify before a grand jury convened by the Manhattan District Attorney's Office investigating a "hush money" payment allegedly made on his behalf days before the 2016 election. Trump's attorney Joe Tacopina has stated that the former president has “no plans” to appear before the grand jury. The payment in question was made by Trump’s former personal lawyer Michael Cohen to porn star Stormy Daniels, and the grand jury is expected to continue its investigation despite Trump's refusal to testify.
Key takeaways: Signature Bank was one of the largest banks in the United States, and its sudden collapse has caused shockwaves throughout the banking industry.…
Michael Cohen, former lawyer of Donald Trump, is set to testify before a New York grand jury in connection with an alleged "hush money" payment to Stormy Daniels in 2016. Trump's current attorney, Joe Tacopina, has called for an investigation into the Manhattan district attorney's office and has stated that Trump has no plans to participate in the grand jury investigation. Cohen is expected to provide testimony regarding the payment and the cover-up, with the grand jury yet to make a decision on the matter.
Donald Trump has declined an invitation to appear before a grand jury convened by the Manhattan District Attorney's Office, which is investigating a hush-money payment made to Stormy Daniels during his 2016 presidential campaign. A number of former Trump employees and White House staffers have been seen entering the district attorney's offices, and it is unclear whether Trump will face an indictment in the case. If he does, he would become the first former president in American history to be charged with a crime.
Key takeaways: The U.S. government is deploying emergency measures to backstop deposits at Silicon Valley Bank and Signature Bank. The FDIC has granted a systemic…