The recent market sell-off has put an end to the winning streak that the S&P 500 had been enjoying for the past five weeks. The Nasdaq Composite and the Dow Jones Industrial Average are also both experiencing losses this week. On Friday, the Federal Reserve’s preferred inflation gauge was in line with expectations, but the
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The spread of false reports and misinformation in political trials can have serious consequences. A recent example of this is the hush money trial involving former President Donald Trump. False claims about the jury instructions in the trial have been circulating in right-wing media, leading to threats against the judge overseeing the case. Several conservative
NVIDIA, a leading beneficiary of artificial intelligence technologies, recently reported its financial results on May 22nd. Since then, the stock has experienced a significant surge of about 20% in just three trading days. Year to date, NVIDIA’s shares have more than doubled, showing an impressive gain of approximately 120%. The company’s market capitalization now stands
The decision by the Democratic National Committee (DNC) to host a “virtual roll call” to nominate President Joe Biden before the August convention has sparked controversy and debate among Ohio lawmakers. This tactic is aimed at ensuring that Biden does not risk being left off Ohio’s general election ballot, a scenario that could have serious
The presence of Asian Americans in the legal profession in the United States is alarmingly low compared to their representation in the overall workforce. Despite constituting nearly 7% of the American workforce, Asian Americans made up less than 0.1% of all judges, magistrates, and similar judicial workers in 2023. This significant underrepresentation is further exacerbated
The prosecutors in Donald Trump’s classified documents case in Florida have raised serious concerns about the former president’s public statements. They have requested a federal judge to prevent Trump from making statements that could jeopardize the safety of law enforcement agents involved in investigating and prosecuting the case. This request follows Trump’s recent false claims
In a surprising turn of events, OpenAI announced on Thursday that it would no longer require former employees to choose between signing a non-disparagement agreement that had no expiration date or retaining their vested equity in the company. This decision came after internal memos were circulated within the company, addressing the concerns raised by both
Norfolk Southern has reached a settlement totaling $310 million to address the aftermath of a toxic train derailment that occurred in East Palestine, Ohio back in February 2023. The settlement includes $235 million to cover past and future cleanup costs, along with a $15 million civil penalty for alleged Clean Water Act violations. This settlement
The housing market in April experienced a setback with a 1.9% decline in sales of previously owned homes compared to March, totaling 4.14 million units on a seasonally adjusted annualized basis. This unexpected drop was contrary to the forecasted slight gain for the month. Additionally, these sales were 1.9% lower than the same period last
Federal Reserve Governor Christopher Waller recently made comments suggesting that he believes further interest rate increases may not be necessary. In a speech at the Peterson Institute for International Economics in Washington, Waller pointed to a variety of data indicating that inflation appears to be easing. This shift in Waller’s position comes after a period