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Judge Dismisses Comey Case, Declares Trump-Appointed Prosecutor Illegally Installed

    Former FBI Director James Comey testifies before a Senate Intelligence Committee hearing on Russia's alleged interference in the 2016 U.S. presidential election on Capitol Hill in Washington, U.S., June 8, 2017.  A federal judge has dismissed criminal charges against former FBI Director James Comey, delivering a sharp rebuke to the Trump-appointed prosecutor who pursued the case. The ruling marks a significant setback for efforts by President Donald Trump’s allies to prosecute perceived political opponents. U.S. District Judge Cameron Currie found that Lindsey Halligan, the interim U.S. attorney who brought the indictment, was unlawfully appointed. Halligan, a former Trump lawyer with no prior prosecutorial experience, bypassed Senate confirmation when she was installed to lead the Eastern District of Virginia. The judge concluded that all actions taken under her authority—including the indictment of Comey—were invalid. The case against Comey, filed in September, a...
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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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