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Horse racing: Appeal over Kentucky Derby disqualification denied

(Reuters) - An appeal filed by the owner of Maximum Security, the horse that finished first in the Kentucky Derby on Saturday but was later disqualified for interference, was denied by the Kentucky Horse Racing Commission on Monday. FILE PHOTO: May 4, 2019; Louisville, KY, USA; Flavien Prat aboard Country House (20) , Tyler Gaffalione aboard War of Will (1) , Luis Saez aboard Maximum Security (7) and John Velazquez aboard Code of Honor (13) race during the 145th running of the Kentucky Derby at Churchill Downs. Mandatory Credit: Brian Spurlock-USA TODAY SportsThe appeal was filed by an attorney for Gary West, whose horse became the first…

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Ex-Goldman Sachs banker Ng pleads not guilty to 1MDB charges

(Reuters) - Former Goldman Sachs Group Inc banker Roger Ng pleaded not guilty to criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB in an appearance at federal court in New York on Monday. Ex-Goldman Sachs banker Roger Ng and his lawyer Marc Agnifilo leave the federal court in New York, U.S., May 6, 2019. REUTERS/Jeenah MoonThe U.S. Department of Justice accused 46-year-old Ng last year of conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs handled. He was extradited on May 3 to New York from Kuala Lumpur, where he had…

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Mueller report justifies obstruction charges vs Trump: ex-U.S. Justice Department officials

WASHINGTON (Reuters) - Almost 500 former U.S. Justice Department officials said on Monday in a joint statement that the Mueller report’s findings would justify obstruction charges against President Donald Trump if he were not currently occupying the White House. FILE PHOTO: U.S. Attorney General William Barr speaks at a news conference to discuss Special Counsel Robert Mueller’s report on Russian interference in the 2016 U.S. presidential race, in Washington, U.S., April 18, 2019. REUTERS/Jonathan Ernst/File PhotoU.S. Attorney General William Barr has said he found insufficient evidence in Mueller’s report to conclude that Trump obstructed justice. Special Counsel Robert Mueller himself made no formal finding one way or…

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U.S. Treasury’s Mnuchin refuses to release Trump’s tax returns to Congress

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Monday denied a leading House Democrat’s request for President Donald Trump’s tax returns, setting the stage for a lengthy court battle between lawmakers and the Trump administration. In a May 6 letter, Mnuchin told House Ways and Means Committee Chairman Richard Neal that he would not comply with the Democrat’s April 3 request, saying it lacks “a legitimate legislative purpose.” Reporting by David Morgan; Editing by Tom BrownOur Standards:The Thomson Reuters Trust Principles.

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Pentagon says U.S. carrier, bombers sent to Middle East on ‘credible threat’ by Iran

WASHINGTON (Reuters) - U.S. acting Defense Secretary Patrick Shanahan said on Monday he had approved sending a carrier strike group and bombers to the Middle East because of indications of a “credible threat by Iranian regime forces,” but did not provide any details on the underlying intelligence. FILE PHOTO: Acting U.S. Defense Secretary Patrick Shanahan testifies before a House Appropriations Defense Subcommittee hearing on the Department of Defense - FY2020 Budget request on Capitol Hill in Washington, U.S., May 1, 2019. REUTERS/Yuri GripasU.S. national security adviser John Bolton said on Sunday the United States was deploying the Abraham Lincoln carrier strike group and a bomber task force…

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Virginia’s use of solitary confinement in prisons challenged in court

(Reuters) - Virginia’s prison system has violated the constitutional rights of inmates by holding them in solitary confinement for years, according to a lawsuit filed on Monday that alleges the practice can result in hallucinations and suicidal thoughts. The class-action complaint was filed in U.S. District Court in Richmond, Virginia, by the American Civil Liberties Union on behalf of a dozen prisoners who have been in solitary confinement for two to 24 years. But the practice is widespread and often used as punishment for minor infractions of prison rules. After entering solitary confinement, prisoners are put on a “step-down program” that Virginia says enables them to rejoin…

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Wall St. falls as White House vows to raise China tariffs

NEW YORK (Reuters) - U.S. stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump’s comments as a bargaining tactic and expressed confidence in an eventual trade agreement. After the closing bell, however, equity index futures took a fresh hit after senior U.S. trade officials said China had reneged on its previous commitments and the tone of negotiations had soured. S&P e-minis were last down 0.60% after resuming trading for the overnight session, a signal that investors expect the market to open lower on Tuesday. U.S. Trade Representative…

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U.S. Democrats edge toward court battles over Mueller, Trump’s taxes

WASHINGTON (Reuters) - U.S. congressional Democrats edged closer on Monday to fighting two legal battles - one over the Mueller report and one over President Donald Trump’s tax returns - after administration officials stonewalled lawmakers’ requests for those documents. FILE PHOTO - House Judiciary Committee Chair Jerry Nadler (D-NY) begins a House Judiciary Committee hearing on "The Justice Department's investigation of Russian interference with the 2016 presidential election", that U.S. Attorney General Barr was scheduled to appear at, on Capitol Hill in Washington, D.C., U.S., May 2, 2019. REUTERS/Clodagh KilcoyneThe House Judiciary Committee set a vote for Wednesday on whether to cite Attorney General William Barr with…

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Fed flags high U.S. business debt, asset prices in financial report

WASHINGTON (Reuters) - U.S. stock prices are “elevated” and business debt is at historic levels, but the financial system overall “appears resilient” with low levels of leverage and less of a destabilizing run in key markets, the Federal Reserve said in its latest report on financial stability. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 6, 2019. REUTERS/Brendan McDermid“Investor appetite for risk appears elevated by several measures, and the debt loads of businesses are historically high,” the Fed said on Monday in a report that noted the 20 percent growth in leveraged loans between the start of last…

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Don’t Buy a 5G Phone Yet

Wireless carriers will begin bombarding you with ads in the coming months, telling you about how great their new 5G networks will be. And they might be great someday, but for now it’s just marketing fluff. Carriers will happily sell you an expensive 5G phone in 2019, but you shouldn’t take them up on that.There’s a lot of confusion over what 5G is and what it can do, and AT&T isn’t helping when it rebrands its sluggish 4G as “5G E.” Real 5G technology requires new mobile networks and new phones. It took a couple of years before the 4G LTE technology in your current phone offered…

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