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Small business owner suing Trump over tariffs speaks out

Small business owner suing Trump over tariffs speaks out

CNNa day ago

Small business owner suing Trump over tariffs speaks out
CNN's Erin Burnett talks with David Levi, the founder of toy company MicroKits and one of the plaintiffs in a lawsuit suing the Trump administration over its tariffs.
01:51 - Source: CNN
Automated CNN Shorts 11 videos
Small business owner suing Trump over tariffs speaks out
CNN's Erin Burnett talks with David Levi, the founder of toy company MicroKits and one of the plaintiffs in a lawsuit suing the Trump administration over its tariffs.
01:51 - Source: CNN
Sen. Rand Paul: This part of Trump's bill gives me 'heartburn'
Sen. Rand Paul (R-KY) told reporters he would vote yes on President Donald Trump's "big, beautiful bill" if it doesn't include raising the debt ceiling.
01:03 - Source: CNN
Anonymous 'Diddy' employee testifies alleging sexual assault
Prosecutors called a witness identified as 'Mia,' a pseudonym being used in court to protect her identity, to the stand Thursday at the federal criminal trial for Sean 'Diddy' Combs. Mia, a former assistant for Sean 'Diddy' Combs, described what she called a 'chaotic' and 'toxic' work environment, testifying that Combs committed acts of violence and sexual assault against her. If you or someone you know is struggling with intimate partner violence, there are resources available, including the National Domestic Violence Hotline.
02:23 - Source: CNN
Elephant seal in Cape Town wanders into suburbia, stops traffic and wins the hearts of locals
A Southern elephant seal makes a surprise visit to the residential neighborhood of Gordon's Bay in Cape Town, South Africa, and triggers an almost nine-hour rescue effort to return him to the coast.
00:57 - Source: CNN
Nathan Fielder on FAA response to his show: 'They're dumb'
Comedian Nathan Fielder discusses his new HBO docu-comedy series, 'The Rehearsal' with CNN's Wolf Blitzer & Pamela Brown. Fielder's show explores whether miscommunication between pilots could be a hidden factor in plane crashes.
02:27 - Source: CNN
Why e.l.f. just bought Hailey Bieber's beauty brand for $1 billion
e.l.f. Beauty is buying Hailey Bieber's makeup brand, Rhode, for $1 billion. Founded in 2022, Bieber's brand racked up $212 million in net sales in its last fiscal year.
01:11 - Source: CNN
President Trump's timeline for things seems to almost always be 'in two weeks'
President Donald Trump told reporters it will take about 'two weeks' to determine whether Russian President Vladimir Putin is serious about ending the war in Ukraine. That two week timeline, CNN's Abby Phillip says, is a familiar one.
01:48 - Source: CNN
Contestants risk injury in cheese wheel competition
An annual race held in England has attracted thousands around the world. It's been described as the world's most dangerous race: a 200-yard dash after a wheel of Gloucester cheese.
01:15 - Source: CNN
Desperate scenes at community kitchen in northern Gaza
Chaotic scenes broke out at this community-run kitchen in Gaza City, in the north, as Palestinians desperate for a meal rushed to receive food. More than 2 million Palestinians have been pushed towards famine after an 11-week blockade on aid by Israel. US and Israeli-backed aid distribution centers have only been opened in the center and the south of the strip.
01:18 - Source: CNN
Harvard President gets standing ovation at commencement
Harvard President Alan Garber received warm applause at the university's commencement ceremony as Harvard's legal fight against the Trump administration continues. Garber was loudly applauded again after making an indirect reference to the university's legal pushback against the White House's effort to make it impossible for Harvard to accept international students.
01:14 - Source: CNN
Glacier partially collapses and buries Swiss village
Video shows a glacier in the Swiss Alps partially collapsing, causing ice, mud and rocks to bury part of a mountain village that was evacuated earlier this month.
00:45 - Source: CNN

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$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150
$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150

Yahoo

time16 minutes ago

  • Yahoo

$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Pseudonymous crypto trader James Wynn, known for his high-leverage strategies, suffered losses exceeding $110 million after Bitcoin's (CRYPTO: BTC) price slipped below key support levels on Friday. Wynn had taken a bold bet on Bitcoin's upward trajectory, opening a massive $830 million long position on May 21, acquiring over 7,700 BTC at roughly $105,000 per coin. By May 24, he had increased his exposure to 11,588 BTC, pushing his position's value to $1.25 billion at an average cost of $108,243. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. However, the market turned sharply following U.S. President Donald Trump's announcement of a 50% tariff on EU exports, pushing Bitcoin below $105,000 and triggering large-scale liquidations of Wynn's leveraged holdings. According to Hypurrscan, Wynn faced a series of painful liquidations: 527 BTC worth $55 million was wiped out at $104,950, followed by another 422 BTC at $104,150, and a final 95.5 BTC at $104,620. In total, 1,044 BTC were liquidated over the week. Wynn expressed frustration over market integrity, posting on X: "I have exposed just how corrupt these markets are. Guess it's better to just buy and hold BTC on spot." Despite the drawdown, Wynn reportedly maintains a remaining long position of 1,591 BTC, worth approximately $167 million, with a high-risk 40x leverage and a liquidation threshold near $104,530. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article $110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150 originally appeared on Sign in to access your portfolio

Trump Officials Deported Another Man Despite Court Order
Trump Officials Deported Another Man Despite Court Order

New York Times

time16 minutes ago

  • New York Times

Trump Officials Deported Another Man Despite Court Order

The Trump administration deported a 31-year-old Salvadoran man minutes after a federal appeals court barred his removal while his case proceeded, the government admitted in a court filing this week. In its filing, the government denied that it had violated the order from the U.S. Court of Appeals for the Second Circuit, in New York, instead blaming 'a confluence of administrative errors.' The filing argues that because the process of deporting the man, Jordin Melgar-Salmeron, had already started before the court issued its formal order, at 9:52 a.m. May 7, that meant the order had not been violated. The plane carrying Mr. Melgar-Salmeron to El Salvador did not take off from Alexandria, La., until 10:20 a.m. Eastern time, according to the government's timeline. The government had also previously given the court what the judges called 'express assurance' that it would not schedule a deportation for him until the next day. The deportation deepened the questions surrounding the Trump administration's legal tactics and administrative errors as it has sought to carry out the president's aggressive vision of deporting as many as one million immigrants during his first year in office. In at least three other deportation cases, federal judges have determined that Trump officials expelled people from the country in violation of standing court orders. In an interview, one of Mr. Melgar-Salmeron's lawyers disputed the government's characterization of the deportation as a mistake, saying it appeared to be part of a larger pattern of the administration ignoring court orders. 'It would be an absurd level of mistake,' said Matthew Borowski, the lawyer, comparing it to a chef pouring in pepper instead of salt. 'Verifying the paperwork and putting the right people on the plane is their job.' The questions raised by the court over the deportation were reported earlier by Investigative Post, a nonprofit news outlet in Western New York. Want all of The Times? Subscribe.

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