Latest News for Cloudweb Stock (OTC:CLOW)

Cloudweb Inc is currently exploring different options for further developing and marketing its web hosting and data storage services. This includes plans to make hosting available for free while being supported by advertiser content. The Company will also look into white labeling its services to allow other brands to use its platforms for their own needs.

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Cloudweb Inc

This week, Rhona Graff, once <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a>&#8216;s trusted confidante, emerged as the second witness to testify against the former president in his hush-money trial.
At Trump Tower, Graff stood guard as Trump&#8217;s gatekeeper, stationed just outside his door, <a href="https://www.nytimes.com/2024/04/26/nyregion/rhona-graff-testify-trump-assistant.html" target="_blank" rel="noreferrer noopener">reported</a> The New York Times.  
Her office proximity allowed her to overhear his directives and anyone seeking access to Trump had to navigate through her, often needing a secret code to connect.
&#8220;Everybody knows to get through to him, they have to go through me,&#8221; she said once, The New York Times noted.
Prosecutors briefly questioned Graff on Friday, followed by a short cross-examination by Trump&#8217;s legal team.
Questioned about her duties at the Trump Organization, Graff informed prosecutors that she managed records encompassing emails, contact lists and calendar entries. She noted that the company&#8217;s directory contained contact details for Karen McDougal and a person identified as &#8220;Stormy.&#8221;
McDougal, a former Playboy model, claims an involvement with Trump. &#8220;Stormy&#8221; likely refers to Stormy Daniels, who alleged an affair with the former president. The latter&#8217;s hush-money payment has been pivotal in the criminal case against Trump.
Graff revealed that despite leaving the Trump Organization and testifying,&nbsp;her legal fees&nbsp;were covered&nbsp;by the organization.
When questioned by a Trump lawyer, she praised her time with the former president, describing him as &#8220;fair,&#8221; prompting a smile from Trump in court. She also&nbsp;expressed admiration for&nbsp;Trump&#8217;s reality show &#8220;The Apprentice,&#8221; noting its role in elevating his status to&nbsp;&#8220;rock-star&#8221;&nbsp;level.
In 1987, Graff seized an opportunity at the Trump Organization through a cold call, kickstarting her career trajectory. Six years later, her wedding to Lucius Joseph Riccio, NYC&#8217;s transportation commissioner, was featured in The New York Times, officiated by Mayor David N. Dinkins.&nbsp;
Her pivotal role within Trump&#8217;s sphere extended beyond mere assistantship,&nbsp;evident&nbsp;in her title as senior vice president. She functioned as Trump&#8217;s media liaison, scheduler, occasional spokeswoman, fundraiser, &#8220;The Apprentice&#8221; co-star, and judge for Miss Teen USA.
Donald Trump&#8217;s criminal trial&#8217;s second week&nbsp;concluded&nbsp;with his defense team aiming to highlight inconsistencies in<a target="_blank" href="https://www.benzinga.com/news/24/04/38475895/in-week-1-of-donald-trumps-hush-money-trial-a-former-tabloid-exec-revealed-how-ex-president-tried-to" rel="noreferrer noopener">&nbsp;David Pecker</a>&#8216;s testimony.&nbsp;However, the former tabloid executive largely maintained the narrative&nbsp;aligned with&nbsp;prosecutors&#8217;&nbsp;theory, Politico&nbsp;<a target="_blank" href="https://www.politico.com/news/2024/04/26/hush-money-trial-trump-former-assistant-00154741" rel="noreferrer noopener">reported</a>.&nbsp;Defense attorney&nbsp;Emil Bove&nbsp;scrutinized Pecker about a January 2017 Trump Tower meeting, where Pecker claimed Trump expressed gratitude for suppressing damaging stories.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38476449/voters-reveal-whether-they-feel-donald-trump-is-receiving-fair-treatment-in-court-in-latest-poll" target="_blank" rel="noreferrer noopener">Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President&#8217;s Election Chances</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Politics

Is Donald Trump's Former Assistant, Rhona Graff, The Key Witness In His Manhattan Trial?

<a href="https://www.benzinga.com/topic/elon-musk" target="_blank" rel="noreferrer noopener">Elon Musk</a>, the CEO of X, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX who is known for his stance on free speech, is embroiled in yet another free speech <a href="https://www.benzinga.com/news/24/04/38476524/facebook-co-founder-brings-back-old-memories-as-he-alleges-elon-musks-tesla-will-be-the-next-enron-h" target="_blank" rel="noreferrer noopener">debate after acquiring X in 2022</a>.
The billionaire is entangled in legal disputes with the governments of Brazil and Australia over their content restrictions. Musk claims they suppress free speech, but critics argue he&#8217;s empowering extremists by selectively challenging cases while complying elsewhere, <a href="https://www.aljazeera.com/economy/2024/4/26/why-is-elon-musk-feuding-with-australia-and-brazil-over-free-speech" target="_blank" rel="noreferrer noopener">reported</a> Al Jazeera. 
Musk&#8217;s clash with Brazilian authorities stems from the handling of &#8220;digital militias&#8221; linked to former President Jair Bolsonaro. Supreme Court Justice de Moraes has been investigating Bolsonaro&#8217;s supporters for spreading fake news and hate speech online during his presidency.
The judge is also leading an inquiry into a coup plot by Bolsonaro&#8217;s backers following his 2022 election defeat to current left-wing President Luiz Inacio Lula da Silva.
During his investigation, de Moraes prohibited 150 accounts linked to the &#8220;digital militias,&#8221; sparking controversy as reports surfaced that many remained active. Musk, in April, criticized the bans as &#8220;aggressive censorship&#8221; in tweets aimed at the judge, Al Jazeera added.
Musk also said X would &#8220;lift all restrictions&#8221; on the banned accounts, although the platform said it had complied with the orders pending legal challenges.
&#8220;This judge has brazenly and repeatedly betrayed the constitution and people of Brazil.&nbsp;He should resign or&nbsp;be impeached,&#8221; Musk&nbsp;<a target="_blank" href="https://twitter.com/elonmusk/status/1776739518240170254?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1776739518240170254%7Ctwgr%5Eb3061cdab80b3f96384a6eff828a9605d1b1096d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.aljazeera.com%2Feconomy%2F2024%2F4%2F26%2Fwhy-is-elon-musk-feuding-with-australia-and-brazil-over-free-speech" rel="noreferrer noopener">said&nbsp;</a>on X. &#8220;Shame.&#8221;
In response, de Moraes launched an investigation into Musk for obstruction of justice, Al Jazeera said.
In addition to his dispute in Brazil, Musk is clashing with Australia&#8217;s internet watchdog over a knife attack livestreamed in Sydney. After the attack, eSafety Commissioner Julie Inman Grant issued a global takedown notice for videos of the event, arguing they should be removed due to the ease of circumventing geo-blocking using VPNs.
While Meta complied, X only restricted the videos in Australia, sparking a legal battle. Despite an emergency injunction, Musk has remained defiant, criticizing Australia for global censorship. Australian Prime Minister Anthony Albanese rebuked Musk as an &#8220;arrogant billionaire.&#8221;
X&#8217;s legal battles has since intensified. In Brazil, Musk&#8217;s platform faces scrutiny for alleged non-compliance with court orders. Meanwhile, in Australia, X contests a global takedown order amid the threat of hefty fines, Al Jazeera reported.
Musk has signaled more legal battles ahead, vowing to fund challenges against Ireland&#8217;s forthcoming hate speech laws.
Musk&#8217;s stance on free speech has remained polarizing: Some view him as a champion, others as a provocateur. Despite his battles with Brazil and Australia, he&#8217;s complied with takedown orders from Turkey and India, raising questions about his consistency.
Critics have suggested Musk&#8217;s defense of free speech is selective, favoring figures like Bolsonaro and Argentina&#8217;s Milei. While the U.S. has lax speech laws, other nations are more aggressive in curbing harmful content, per Al Jazeera. 
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38476449/voters-reveal-whether-they-feel-donald-trump-is-receiving-fair-treatment-in-court-in-latest-poll" target="_blank" rel="noreferrer noopener">Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President&#8217;s Election Chances</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

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TSLA

Elon Musk Take Fight For Free Speech Abroad, Feuds With Australia And Brazil Over Content Restriction

On Friday, Cathie Wood-led<a href="https://www.benzinga.com/topic/ark-invest"> Ark Invest</a> did a flurry of trades involving some of its key portfolio stocks, notably adding a big chunk of shares of AI-levered Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
AI Pickings: Ark, through its ARK Autonomous Technology &amp; Robotics ETF (CBOE: ARKQ), bought 100,344 shares of Palantir, valued at $2.26 billion. This was in addition to the 45,229 shares, worth $981,923, it acquired on Thursday.
Palantir is scheduled to report its first-quarter results on May 5. Analysts, on average, expect the company to report earnings per share of 8 cents per share on revenue of $625.33 million, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>This represents an increase from fourth-quarter numbers of 5 cents per share and $525.19 million, respectively.
Ark also accumulated Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares in two sessions following the social media giant&#8217;s quarterly earnings announcement.
The Meta stock ended 10.56% lower on Thursday, reacting to its soft second-quarter revenue guidance and commentary regarding intensive investment in AI. Ark, via its Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) added 27,961 Meta shares on Thursday worth $12.34 million.
Ark went on a Meta buying spree yet again on Friday despite the stock recovering and closing 0.43% higher. The firm bought 13,494 Meta shares valued at $5.98 million.
See Also: <a href="https://www.benzinga.com/money/best-etfs">Best ETFs To Buy Right Now</a>
Bargain Hunting In Roku: Streaming equipment maker Roku, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares fell 10.28% on Friday despite its quarterly beat. Investors apparently did not take kindly to the management hinting at difficult comparisons in the coming quarters.
Undeterred by the sell-off, Ark added a whopping 715,644 Roku shares, valued at $40.33 million, on Friday. 
An EV Buy: Ark, which supported Tesla amid its stock slump prior to its earnings, shifted allegiance to another electric-vehicle maker this week.
Through ARKQ, Ark bought 2,800 shares of BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) worth $146,132 on Thursday. It followed up with the purchase of another 28,434 shares, valued at $1.54 million, on Friday.
Billionaire investor Warren Buffett&#8217;s Berkshire has a stake in BYD, which wrested the global battery EV crown from Tesla in the fourth quarter of 2023 but has since <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival">ceded it back to the U.S. EV giant.</a> BYD now accounts for about 1% of ARKQ&#8217;s portfolio by weighting.
Ark&#8217;s flagship exchange-traded fund, the ARKK, closed Friday&#8217;s session up 1.05% at $44.07, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38405187/elon-musk-echoes-cathie-wood-wants-tesla-to-be-seen-as-an-ai-or-robotics-company-if-you-value-te">Elon Musk Echoes Cathie Wood, Wants Tesla To Be Seen As An AI Or Robotics Company: &#8216;If You Value Tesla As Just An Auto Company…Wrong Framework&#8217;</a>
Photo: Shutterstock

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Cathie Wood's Ark Invest Hoards Palantir Stock Ahead Of Q1 Earnings, Adds More Of This Buffett-Backed EV Bet, Buys Meta, Roku Earnings Dip

The Biden reelection campaign has initiated fresh criticism of the former Trump administration, focusing this time on an unexpected issue: impeding cannabis reform efforts. In an email circulated on Thursday, the campaign highlighted Vice President Kamala Harris&#8216;s recent White House roundtable with people who received clemency for drug-related offenses, which the campaign then contrasted with what it viewed as the failures of Trump's criminal justice reform.
"Trump and his administration took marijuana reform backwards, withdrawing guidelines to limit prosecutions of marijuana offenses that were legal under state laws," according to a Democratic campaign email, as <a href="https://www.marijuanamoment.net/biden-campaign-says-trump-took-marijuana-reform-backwards-by-rescinding-enforcement-memo-despite-current-admin-failing-to-reinstate-it/">reported</a> by Marijuana Moment.
<h2 class="wp-block-heading">Which Means What Exactly?</h2>
The Trump administration set back marijuana reform efforts by rescinding Justice Department guidance that allowed for discretion in federal cannabis prosecutions. Specifically, the email pointed to former Attorney General Jeff Sessions&#8216; decision to revoke the Obama-era Cole memo, which outlined priorities for federal marijuana enforcement and notably adopted a hands-off approach to state-legal cannabis activities.
While the practical ramifications of Sessions&#8217; move were limited, legal cannabis states continued to operate their markets with minimal federal intervention. However, the symbolic significance of the decision raised concerns about a potential crackdown that never happened.
Despite criticizing the prior administration&#8217;s actions, the Biden campaign email failed to acknowledge that the current administration has also not reissued any guidance on cannabis enforcement. Attorney General Merrick Garland&#8216;s pledge in June 2022, reiterated several times since then, to address the issue of rescheduling cannabis, remains unfulfilled.
These delays have prompted frustration among Democratic lawmakers, who recently <a href="https://www.benzinga.com/markets/cannabis/24/04/38442044/senators-warren-fetterman-plus-18-more-dems-tell-dea-its-time-to-act-on-cannabis-rescheduling">penned another of many letters</a> to Garland and DEA administrator Anne Milgram expressing their dissatisfaction with the lack of movement on the status of cannabis and the DEA's reclassification.
The Biden campaign&#8217;s emphasis on cannabis reform underscores its strategy to leverage popular issues ahead of what is turning into a tight election bid with Donald Trump. By contrasting the administration&#8217;s approach with that of Trump&#8217;s, the campaign seems to be attempting to highlight its commitment to criminal justice reform, particularly concerning non-violent drug offenses.
Both Biden and Harris have also been actively promoting marijuana policy reform through various channels, including social media and public addresses, signaling the administration&#8217;s prioritization of the issue — though again with little action. These concerted efforts align with the administration&#8217;s broader focus on &#8220;<a href="https://www.benzinga.com/markets/cannabis/24/04/38240431/biden-champions-cannabis-reform-and-pardon-as-election-pressure-mounts-marijuana-takes-center-st" target="_blank" rel="noreferrer noopener">Second Chance Month</a>&#8221; (which is April) as an opportunity to rectify the harms caused by marijuana still being classified as a Schedule I drug under federal law.
One such effort was the Thursday meeting with Kim Kardashian at the White House. Harris took the opportunity to highlight Biden's <a href="https://www.benzinga.com/markets/cannabis/24/04/38412810/president-biden-pardons-commutes-16-non-violent-drug-offenders-cannabis-prisoners-excluded">recent clemency and pardon for non-violent drug offenders</a>, although those convicted of cannabis-related offenses were not included.
Photo: Shutterstock

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Trump 'Took Marijuana Reform Backwards' While President, Says Biden Reelection Campaign

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Latest News for Cloudweb Stock (OTC:CLOW)

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