Newsletter Feb 22, 2023
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Markets
DJIA 33,129.59 -2.06%
S&P 500 3,997.34 -2.00%
Nasdaq Composite 11,492.30 -2.50%
Japan: Nikkei 225 27,117.46 -1.29%
UK: FTSE 100 7,977.75 -0.46%
Crude Oil Futures 76.05 -0.38%
Gold Futures 1,843.90 0.08%
Yen 134.92 -0.07%
Euro 1.07 0.12%
* As of market close

 
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Grand jury in Trump case offers indictments

A grand jury probing interference by Donald Trump's campaign in the 2020 election has recommended multiple indictments, the forewoman revealed Tuesday, the strongest signal yet of potential legal jeopardy the ex-president faces as he seeks another term. Emily Kohrs offered insight into the findings of the Georgia grand jury, although she didn't name targets. Known targets include Trump's former attorney Rudy Giuliani and 16 Republican activists who posed as "electors" to sign certificates falsely claiming that Trump had won the Peach State.

MEADOWS, GRAHAM ARE AMONG POTENTIAL INDICTMENTS



Russia halts nuke pact; China 'concerned'

Russian President Vladimir Putin on Tuesday suspended his country's participation in the last remaining nuclear arms control pact with the U.S. Signed in 2010, the New START treaty caps the number of strategic nuclear warheads that the U.S. and Russia can deploy. The decision comes one day before China's top diplomat, Wang Yi, was set to arrive in Moscow. China's Foreign Minister Qin Gang said that Beijing is "deeply concerned" about the year-old conflict in Ukraine, which appeared to be "intensifying and even getting out of control." 

BIDEN'S REACTION TO CHINA'S INVOLVEMENT WITH RUSSIA


LDS church must pay $5M for investments

The Church of Jesus Christ of Latter-day Saints and its investment management company agreed to pay a combined $5 million to settle charges that they hid the church's multibillion-dollar stock portfolio from the public. The SEC said the LDS and Ensign Peak Advisers masked investments in public companies, which peaked at $32 billion in 2018. The use of shell companies came to light in 2019, when a former Ensign Peak Advisers employee filed a whistleblower complaint.

SEE HOW THE LDS CHURCH USED INVESTMENTS TO GET RICH


Pass the plate

When and where did the Church of Latter-day Saints officially form?

Tuesday's answer: Daylight Saving Time was first enacted in the U.S. in 1918 "to preserve sunlight and provide standard time." The Standard Time Act was repealed in 1919. The U.S. returned to DST in 1966.

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