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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Trump’s Misleading Outrage: The Truth About Barron’s Graduation Ban

Former President Donald Trump recently expressed frustration over the possibility of missing his son Barron’s high school graduation due to his ongoing criminal trial. However, let’s set the record straight on what the judge actually said.

The Situation:

  • Trump’s trial centers around allegations that he paid porn actor Stormy Daniels to keep quiet about their alleged affair before the 2016 election.
  • Judge Juan Merchan received requests from Trump’s attorneys to allow him to skip trial proceedings on May 17, the same day as Barron’s graduation.

What the Judge Really Said:

  • Judge Merchan did not outright deny Trump’s request to attend Barron’s graduation.
  • He stated that it might be possible for Trump to attend the celebration, but it would depend on how the trial progresses.
  • Merchan warned that Trump could face arrest if he misses court or disrupts trial proceedings.

Trump’s Spin:

  • Trump spun the situation into an attack on what he called a “scam” trial against him.
  • His eldest son, Donald Trump Jr., labeled it “pure evil.”
  • Eric Trump criticized Merchan as “truly heartless” for not allowing a father to attend his son’s graduation.

Critics’ Perspective:

  • Critics pointed out that defendants shouldn’t receive special privileges.
  • Trump’s disingenuous spin whipped up anger on the right, even among his other sons, Don Jr. and Eric.

In summary, while Trump’s outrage may have grabbed headlines, the truth is more nuanced. Judge Merchan didn’t outright ban Trump from attending Barron’s graduation; he simply emphasized the importance of court proceedings. The situation remains fluid, and we’ll see how it unfolds as the trial continues.

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