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Trump Files $10 Billion Lawsuit Over IRS Tax Leak

US President Donald Trump and his sons Eric Trump, left, and Donald Trump Jr, right, have sued the US federal government over tax leaks.  A new legal battle has erupted as President Donald Trump launches a sweeping $10 billion lawsuit against the U.S. government, accusing federal agencies of failing to protect his confidential tax information. The suit targets both the IRS and the Treasury Department, alleging that years of his private financial records were improperly accessed and leaked to media outlets he describes as politically hostile. The complaint argues that the unauthorized disclosure caused significant damage to Trump’s reputation, business interests, and public standing. It also claims that the leak stemmed from a politically motivated insider who exploited access to sensitive IRS systems. That individual has since been convicted, but Trump maintains that the government bears responsibility for allowing the breach to occur in the first place. The lawsuit, filed in fe...
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US Stocks Waver Amid Rate Cut Speculation



As the financial world turns its gaze towards the Federal Reserve, US stocks have shown a slight decline. Investors are eagerly anticipating a speech from Jerome Powell, the Fed Chair, which could provide hints on the future of interest rates. The S&P 500 has seen a minor dip, while the Dow Jones remains unsteady. The Nasdaq, largely influenced by tech, has taken a more significant hit after a collective downturn.

The market’s early-year rally has been dampened by strong economic indicators, which have lessened the likelihood of the anticipated three Fed rate cuts. The Atlanta Fed’s Raphael Bostic predicts the first rate reduction might not occur until the year’s final quarter.

Amidst these developments, all eyes are on the outcome of Disney’s proxy fight with Nelson Peltz, as well as the impact of a major earthquake on TSMC’s operations, a key supplier to tech giants like Apple and Nvidia. Intel’s shares have also dropped following a report of increased operating losses. The financial community is on alert, waiting for signals that could steer the economic course.

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