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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
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Historic Verdict: Donald Trump Found Guilty on All 34 Counts in Hush-Money Trial

 


Former President Donald Trump was found guilty on all 34 felony counts in his criminal hush money trial. This historic verdict marks the first time a former U.S. president has ever been tried or convicted in a criminal case. The charges stem from falsifying business records to cover up a $130,000 hush-money payment to adult film actor Stormy Daniels just 11 days before the 2016 election. The jury’s decision came after deliberations on the second day of the trial.

The sentencing for Trump is scheduled for July 11, which interestingly falls just four days before the Republican National Convention. The potential penalties he faces include a fine, probation, or up to four years in prison. Reactions to the verdict have been intense, with Trump’s potential running mates criticizing the decision and Democrats asserting that it demonstrates his unfitness to serve.

In the aftermath of the verdict, former Democratic nominee Hillary Clinton playfully referenced the news during an award presentation at the Kennedy Center in Washington, saying, “Anything going on today? Well, I have to tell you, there’s nowhere I’d rather be than right here”  Senate Majority Leader Chuck Schumer succinctly stated, “No one is above the law” in response to the verdict. Meanwhile, Trump’s legal team plans to appeal the decision, emphasizing concerns about the trial venue and timing.

This trial has significant implications, as it marks a pivotal moment in U.S. legal history and underscores the principle that no individual, regardless of their position, is immune to legal consequences.



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