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Tech Stocks Lift Futures Ahead of Nvidia’s Earnings

U.S. stock futures edged higher as investors positioned themselves for one of the most closely watched earnings reports of the season: Nvidia’s. The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures all posted early gains, reflecting renewed optimism in the tech sector. Market Mood Brightens Futures tied to the Dow showed modest strength, supported by cyclical stocks. The S&P 500 and Nasdaq futures climbed as traders bet on continued momentum in artificial intelligence–driven companies. Nvidia’s upcoming earnings report is widely expected to influence the broader market, given the company’s outsized role in the AI boom. Why Nvidia Matters Today Nvidia has become a bellwether for tech sentiment. Its performance often sets the tone for semiconductor stocks and, increasingly, the entire market. Investors are watching for: AI chip demand updates Revenue growth tied to data centers Forward guidance that could sway market direction A strong report could ...
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Trump Faces $350 Million Judgment in Civil Fraud Trial

 


In a significant legal development, Donald Trump has been slapped with a $350 million judgment by a New York State Supreme Court judge. The ruling comes after a 2½-month trial that exposed what the judge deemed a years-long scheme orchestrated by Trump to deceive banks and others through inflated financial statements. Here are the key details:
  1. Verdict: The judge ruled against Trump, imposing a $364 million penalty for fraudulent business practices in the state of New York.
  2. Deceptive Practices: Trump’s wealth, fame, and the White House were built on a multinational collection of properties, including skyscrapers and golf courses. However, the court found that his success was not just a result of harmless bragging but rather a pattern of deceptive practices.
  3. Three-Year Ban: In addition to the hefty fine, Trump has been barred from serving as an officer or director of any New York corporation for three years.
  4. Appeal: Trump’s legal team has already indicated their intention to appeal the decision.

This landmark judgment is a victory for New York Attorney General Letitia James, who filed the lawsuit against Trump. The former president’s legal battles continue, and the repercussions of this ruling are likely to reverberate in both legal and political circles.


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