logo
Today in History - June 4: Megastar's fall from decor doyenne to jailbird

Today in History - June 4: Megastar's fall from decor doyenne to jailbird

9 News2 days ago

1 of 9
Attribution: AP
American business woman and TV celebrity Martha Stewart was indicted by a grand jury on nine counts of insider trading and obstruction of justice on June 4, 2003.
Her business interests in home decor, publishing and electronic commerce had made her a multi-millionaire.
But the following year, in a spectacular fall from grace, Stewart and her stockbroker were found guilty.
She was sentenced to seven months in a low-security prison.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Xi and Trump have spoken by phone: Chinese reports
Xi and Trump have spoken by phone: Chinese reports

West Australian

time2 hours ago

  • West Australian

Xi and Trump have spoken by phone: Chinese reports

Chinese President Xi Jinping has held talks with US President Donald Trump by phone, China's state-run news agency Xinhua reports, as bilateral relations have been strained by trade disputes. The phone talks were at Trump's request, Xinhua said, without providing further details about the leaders' conversation. The White House did not immediately respond to a request for comment. The highly anticipated call comes amid accusations between the United States and China in recent weeks over critical minerals in a dispute that threatens to tear up a fragile truce in the trade conflict between the governments of the two biggest economies. The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration. Although stocks rallied, the temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated export-driven economic model. Since returning to the White House in January, Trump has repeatedly threatened an array of punitive measures on trading partners, only to revoke some of them at the last minute. The on-again, off-again approach has baffled world leaders and spooked business executives, who say the uncertainty has made it difficult to forecast market conditions. China's decision in April to suspend exports of a wide range of critical minerals and magnets continues to disrupt supplies needed by car makers, computer chip manufacturers and military contractors around the world. China's government sees mineral exports as a source of leverage - halting those exports could put domestic political pressure on the Republican US president if economic growth sags because companies cannot produce mineral-powered products. The 90-day deal to roll back tariffs and trade restrictions is tenuous. Trump has accused China of violating the agreement and has ordered curbs on chip design software and other shipments to the country. China rejected the claim and threatened counter-measures. Trump has long pushed for a call or a meeting with Xi but China has rejected that as not in keeping with its traditional approach of working out agreement details before the leaders talk. Trump had declared one day earlier that it was difficult to reach a deal with Xi. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" Trump posted on Wednesday on his social media site. The US president and his aides see leader-to-leader talks as vital to sort through log-jams that have vexed lower-level officials in difficult negotiations. with AP

'Hard to make a deal': Trump talks with Xi amid stalled tariff talks
'Hard to make a deal': Trump talks with Xi amid stalled tariff talks

9 News

time3 hours ago

  • 9 News

'Hard to make a deal': Trump talks with Xi amid stalled tariff talks

Your web browser is no longer supported. To improve your experience update it here US President Donald Trump and his Chinese counterpart, Xi Jinping , have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade. The discussion on Thursday followed Trump suggesting it was tough to reach a deal with Xi. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!," Trump had posted on Wednesday on his social media site. US President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade. (AP) Trade negotiations between the US and China stalled shortly after a May 12 agreement between both countries to reduce their tariff rates in order to have talks. Behind the gridlock has been the continued competition for an economic edge. Donald Trump tariffs Trade War USA China Xi Jinping China news Asia World CONTACT US

Australian man holds head, appears to cry in public appearance after being arrested in Bali on drug allegations
Australian man holds head, appears to cry in public appearance after being arrested in Bali on drug allegations

Sky News AU

time6 hours ago

  • Sky News AU

Australian man holds head, appears to cry in public appearance after being arrested in Bali on drug allegations

Australian man Puridas Robinson has covered his face and appeared to cry in a public shaming after being arrested in Bali on drug allegations. The Daily Telegraph reports Mr Robinson, who is facing a prison sentence in the Indonesian province, was visibly emotional when he was placed in front of media at a press conference in Bali's capital Denpasar on Thursday. The 40-year-old originally from Queensland was arrested at a Denpasar address on May 29 and has admitted to using cryptocurrency to purchase 120g of cannabis, according to the masthead. His arrest came after Indian man Harsh Nowlakha, 31, was allegedly caught by authorities attempting to smuggle cannabis into Bali via the island's international airport, The Daily Telegraph reported. According to the masthead, Mr Nowlakha has asserted the cannabis was bound for the Australian man's address, but Mr Robinson has denied ordering the drugs. A police raid of the Australian's Bali residence reportedly located 20g of cannabis as well as small plastic bags and scales. Pictures of the Denpasar press conference on Thursday show Mr Nowlakha, who has also been arrested, among the group of detainees that were brought to face media. Drugs displayed in plastic bags were held up at the press stand-up next to Mr Robinson. The Daily Telegraph has reported that Mr Nowlakha was allegedly found at Bali's international airport with 600g of cannabis in his possession. Both the Indian man and Mr Robinson are reportedly two of five people arrested on the same day that included two Kazakhstan nationals and an American. Fellow Australian national Lamar Ahchee, a business managed originally from Cairns, faces the death penalty after being arrested in the Indonesian province last month for allegedly trying to smuggle cocaine into the country. Police have alleged Mr Ahchee aided in smuggling 1.8 kilograms of the drug into Bali. Mr Ahchee's lawyer has since claimed his client did not know the package he allegedly smuggled contained drugs. The Australian Department of Foreign Affairs' Smartraveller website outlines that penalties for drug offences in Indonesia includes 'heavy fines, lengthy prison sentences and the death penalty'. 'Do not possess or use illegal drugs in Indonesia. Police target tourist destinations and events,' reads the website, which issues official travel information for Australians heading oversees.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store