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President Donald Trump's former lawyer, Michael Cohen, is under federal investigation for tax fraud and possibly misrepresenting his finances, people familiar with the investigation told The Wall Street Journal.The reported investigation adds to the wide-ranging federal investigation Cohen is already facing in relation to his business affairs and work with Trump. According to the Journal, authorities are investigating whether Cohen underreported his income in federal tax returns, in which he reaped hundreds of thousands of dollars over the last five years.People familiar with the matter told the Journal that authorities are also investigating whether any bank employees were improperly permitted to offer Cohen loans when he didn't provide adequate documentation. Investigators are reportedly examining Cohen's relationship with Sterling National Bank, which financed Cohen's taxi medallion business, and looking closely at whether Cohen lied or misrepresented information on loan applications.Investigators are also looking into whether Cohen inflated his income "in loan applications and refinancing efforts," people familiar with the matter told the Journal.Cohen's former accountant, Jeffrey Getzel, has been subpoenaed as part of the investigation, the paper reports.Cohen has not been charged with a crime and the Journal said he previously denied wrongdoing. Lanny Davis, Cohen's attorney, declined to comment to the paper "out of respect for the ongoing investigation."CNN has not independently confirmed the Journal's report.Cohen is facing a wide-ranging federal investigation into his finances -- including potential bank fraud, campaign finance violations, and hush payments to women saying they had affairs with Trump, which the President has denied. Authorities raided Cohen's home, office and hotel room in April as part of the investigation.The former Trump "fixer" once said he would take a bullet for his boss, but in recent months, he's suggested that he's willing to cooperate with federal authorities.The-CNN-Wire 2050

President Trump took to Twitter on Thursday to personally confirm reports that he is hiring CNBC contributor Larry Kudlow has his next economic advisor."Larry Kudlow will be my Chief Economic Advisor as Director of the National Economic Council. Our Country will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way! #MAGA," Trump tweeted.  461

Prime has been a big hit for Amazon.The membership service -- which gives users access to free two-day shipping, music, movies and other perks -- has over 100 million subscribers. On Thursday, the tech giant announced it's hiking the annual price of Prime to 9 from .Although the service launched in 2005, Amazon didn't aggressively start stepping up its offerings until years later.Here are some of the major features Amazon has added over the years.February 2005: Amazon Prime is born. Members pay per year for free two-day shipping in the US on eligible purchases.February 2011: Prime members are given access to over 5,000 movies and TV shows without ads for free.March 2014: The annual Prime membership fee is raised to from .April 2014: Amazon announces Prime Pantry. Members can order non-perishable items, such as dish soap and paper towels, in one box for a flat fee of .99. The price is now .99.June 2014: Prime Music is announced. Members have free access to commercial-free streaming of over two million songs and more than 1,000 playlists and stations.September 2014: Amazon Studios' comedy series Transparent debuts. In 2015, the show won two Golden Globe awards -- the first major award for Amazon Studios. November 2014: Amazon adds Prime Photos, which gives members free unlimited photo storage on the Prime Photos app.December 2014: Prime Now launches in New York City with free two-hour delivery and one-hour delivery for .99. The service has since expanded to 32 metro areas, including Atlanta, Houston and Chicago.May 2015: Prime members can now get free same-day and one-day delivery on qualifying orders over . As of 2018, the service is available in over 8,000 cities and towns.July 2015: Amazon Prime Day was created to celebrate the company's 20th anniversary. The online shopping event featured deals only for Prime Members and drew comparisons to Black Friday.July 2016: The company hosts a second Prime Day. Subscriber orders jumped more than 60% globally compared to the first Prime Day.October 2016: Amazon introduces Prime Reading, which offers unlimited access to a rotating selection of over 1,000 books, Audible narrations and magazines.December 2016: Amazon adds a Prime membership option for .99 per month for those who don't want to commit to a full year.January 2017: Amazon partners with Chase on the Amazon Prime Rewards Visa Signature Card. It's only available to Prime members, and gets cardholders 5% back on all Amazon.com purchases.June 2017: Amazon launches Prime Wardrobe, which lets Prime members try on clothing and accessories before buying them.July 2017: The tech giant reports record sales for its third annual Prime Day, topping its numbers for previous Black Friday and Cyber Monday shopping periods.October 2017: The company unveils Amazon Key, a service for Prime members that lets delivery drivers into homes to drop off packages. Users have to buy a kit (9.99) with an Amazon security camera and a compatible smart lock.January 2018: Amazon announces the monthly fee for a Prime subscription is increasing to .99 from .99.February 2018: Prime members in select cities can get free two-hour delivery from Whole Foods, which the company acquired in 2017.April 2018: Amazon launches a new service in 37 US cities that delivers packages to the trunks of cars for free if you're a Prime member.Amazon also raises the Prime membership fee to 9 from per year. 3465

Retail store J. Crew announced that it has emerged out of bankruptcy.In May, the apparel and accessories retailer company filed for bankruptcy amid the coronavirus pandemic.On Thursday, the company said it equitized more than .6 billion of debt with Anchorage Capital Group, L.L.C., which is not its majority owner, and it's now well-positioned for long-term growth.Jan Singer, Chief Executive Officer of J. Crew Group, said in the press release that its strategy focuses on three core pillars: delivering a focused selection of products, brand experience, and what it calls frictionless shopping."As a reinvigorated company, we are committed to serving the changing life and style of today's multifaceted consumer and to delivering long term, sustainable results," Singer said in the release.J.Crew Group operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores throughout the nation. 924

RAMONA, Calif. (KGTV) — Ramona Unified School District is alerting parents of what they called a "suspicious" incident at a local elementary school Friday.In a letter home to families, Barnett Elementary School Principal Linda Marthis said a kindergarten student reported the incident took place at the campus' upper playground in front of the school.Marthis did not elaborate on the incident. San Diego Sheriff's deputies arrived and were unable to find evidence to support the student's claims.Out of an abundance of caution, supervisory staff will be "heightened" while students are on the playground and all K classes would have recess on the kindergarten. 668