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Trump’s guilty verdict is turning into a lottery for his campaign finance

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Trump’s guilty verdict is turning into a lottery for his campaign finance

Trump’s campaign raised almost twice as much money than on any previous day. The money was raised through an online donor platform
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A day after former US President Donald Trump was handed over the historic guilty verdict in the infamous hush money case, his campaign said that it had shattered its own fundraising record. On Thursday, the business mogul turned politician created history for all the wrong reasons after a 12-member jury found him guilty of falsifying his business records.

According to the Financial Times, Trump’s campaign raised almost twice as much money than on any previous day. The money was raised through an online donor platform.

The campaign said on Friday morning that it had raised $34.8mn following the verdict. It is pertinent to note that with this verdict, Trump became the first ex-president ever to be convicted of a felony. He was found guilty on all 34 counts and was accused of hiding the hush money given to adult film star Stormy Daniels from his business records.

The campaign site briefly crashed 

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Trump’s campaign said that the amount was nearly double the sum garnered on its best-ever day on the WinRed donation platform. With the massive inflow of donations, the site briefly crashed as well.

“President Trump is fighting to save our nation and November fifth is the day Americans will deliver the real verdict,” said Trump campaign senior advisers Chris LaCivita and Susie Wiles in a statement.

Shortly after the verdict started making headlines, Trump’s campaign moved within minutes to start a donation drive and went on to refer to Trump as a “political prisoner”.

“I was just convicted in a RIGGED political Witch Hunt trial,” wrote Trump on the campaign page. “I DID NOTHING WRONG!”

Even before the verdict, Trump’s campaign has stepped up its fundraising efforts, including holding events with oil barons in Texas and a planned June trip to Silicon Valley.

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Jason Thielman, who runs the official Senate Republican campaign also noted the spike in the campaign funds. “Outrage over the sham verdict against Trump has spurred average Americans into action!” Thielman wrote on X, formally known as Twitter.

“The NRSC just had its largest online daily fundraising haul of the cycle. The people are energized and determined to take back the White House and Senate!” he added.

Not only this, Google searches for DonaldJTrump.com and WinRed spiked over 5,000 per cent, the “Trump campaign website” jumped over 1,000 per cent and the “Biden campaign website” saw an increase of over 350 per cent, Financial Times reported.

Billionaires like Stephen Schwarzman, Bill Ackman and Miriam Adelson have expressed their intentions to support the former president in the upcoming elections.

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With inputs from agencies.

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

Baker McKenzie today announced that leading project finance lawyer Matthias Schemuth has joined the Firm’s Singapore office* as a Principal and Asia Pacific Co-Head of Projects in its Finance & Projects practice, alongside Partner Jon Ornolffson in Tokyo.

Matthias joins the Firm from DLA Piper, bringing more than 20 years of experience in the energy and infrastructure sectors across Asia Pacific. He advises sponsors, developers, commercial banks, multilateral lending agencies, and export credit agencies on the structuring and financing of large-scale projects. His practice also spans international banking, structured commodity and trade finance, with a strong focus on emerging markets. Matthias has been consistently recognised by Chambers Asia Pacific and Who’s Who Legal as a leading project finance practitioner.

James Huang, Managing Principal of Baker McKenzie Wong & Leow in Singapore, said: “We are excited to welcome Matthias to our team. His expertise and proven record in managing teams will be invaluable as we expand our regional and global finance offerings for clients.”

Emmanuel Hadjidakis, Asia Pacific Chair of Baker McKenzie’s Banking & Finance Practice, commented: “Asia Pacific is seeing strong momentum in infrastructure development, energy transition investments, and cross-border project financing, much of it centred in Singapore. Having Matthias on board will further enhance our ability to help clients seize opportunities in the region’s evolving energy and infrastructure markets.”

Steven Sieker, Baker McKenzie’s Asia Chief Executive, added: “Matthias’s appointment underscores Baker McKenzie’s continued commitment to investing in exceptional talent across key markets to support our clients in navigating today’s increasingly complex business and regulatory environment.”

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Matthias said: “I’m thrilled to join Baker McKenzie and contribute to its strong growth in Asia Pacific. The Firm’s global reach and local depth provide an unparalleled platform for delivering innovative projects and financing solutions to clients in this dynamic region.”

With more than 2,700 deal practitioners in more than 40 jurisdictions, Baker McKenzie is a transactional powerhouse. The Firm excels in complex, cross-border transactions; over 65% of our deals are multijurisdictional. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence. The Firm’s Banking & Finance lawyers are ranked in more jurisdictions than any other firm by Chambers.  

Matthias’s hire continues the expansion of Baker McKenzie’s global team. His joining follows the recent arrivals of Carole Turcotte in Toronto; Tom Oslovar in Palo Alto; Jenny Liu in New York and Palo Alto; Helen Johnson, Mark Thompson, Nick Benson, Kevin Heverin, James Wyatt and Michal Berkner in London; Jan Schubert in Frankfurt; Todd Beauchamp and Charles Weinstein in Washington DC; Dan Ouyang, Winfield Lau, and Ke (Ronnie) Li in Beijing, Shanghai, and Hong Kong; and Alexander Stathopoulos in Singapore.

*Baker McKenzie Wong & Leow is the member firm of Baker McKenzie in Singapore

 

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3 finance stocks to buy on rising 10-year Treasury rates

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3 finance stocks to buy on rising 10-year Treasury rates
The Federal Reserve gave investors an early Christmas present by lowering interest rates by 25 basis points (i.e., 0.25%) marking its third rate cut this year. In the past, a change like this in the “long end” of the interest rate yield curve has triggered a predictable, investable pattern. Typically, this pattern would be bearish for finance stocks, particularly banks—investors would buy bank stocks when rates rose and sell them as rates fell….
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Reservists’ families protest outside Finance Minister’s home

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Reservists’ families protest outside Finance Minister’s home

Dozens of protesters from the “Religious Zionist Reservists Forum” and the “Shared Service Forum” demonstrated Saturday evening outside the home of Finance Minister Bezalel Smotrich in Kedumim.

The protesters arrived with a direct and pointed message, centered on a symbolic “draft order,” calling on Smotrich to “enlist” on behalf of the State of Israel and oppose what they termed the “sham law” being advanced by MK Boaz Bismuth and the Knesset’s haredi parties.

Among the protesters in Kedumim were the parents of Sergeant First Class (res.) Amichai Oster, who fell in battle in Gaza. Amichai grew up in Karnei Shomron and studied at the Shavei Hevron yeshiva.

Protesters held signs reading: “Smotrich, enlist for us,” along with the symbolic “draft order,” calling on him to “enlist for the sake of the State’s security and to save the people’s army – stand against the bill proposed by Bismuth and the haredim!”

Parallel demonstrations were held outside the homes of MK Ohad Tal in Efrat and MK Michal Woldiger in Givat Shmuel.

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Representatives of the “Shared Service Forum” said: “We are members of the public that contributes the most, and we came here to say: Bezalel, without enlistment there will be no victory and no security. Do not abandon our values for the sake of the coalition. The exemption law is a strategic threat, and you bear the responsibility to stop it and lead a real, fair draft plan for a country in which we are all partners. It’s in your hands.”

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