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Wall Street on Edge as Futures Slide Amid Tariff Threats and Bond Turmoil

  U.S. stock futures slumped early Tuesday, setting the stage for a jittery trading session as investors reacted to a mix of political tension and global market stress. Contracts tied to the Dow Jones Industrial Average , S&P 500 , and Nasdaq 100 all pointed sharply lower, reflecting a broad pullback in risk appetite. The drop followed fresh tariff threats from President Donald Trump, who signaled he may impose new duties on several trading partners. The possibility of escalating trade friction rattled investors already uneasy about the economic outlook. Adding to the pressure, a global bond sell-off—sparked in part by rising yields in Japan—sent shockwaves through financial markets. Higher yields tend to weigh on equities, and the sudden shift left traders reassessing risk across the board. The combination of geopolitical uncertainty, rising borrowing costs, and lingering concerns about corporate earnings has created a tense backdrop for markets. With key economic data an...
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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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