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Mojtaba Khamenei Emerges as Favoured Successor Amid Turbulent Power Shift

  56-year-old Mojtaba Khamenei (R) is the eldest son of slain Supreme Leader Ayatollah Ali Khamenei. Mojtaba Hosseini Khamenei, the son of Iran’s late Supreme Leader Ayatollah Ali Khamenei, has reportedly risen as the leading contender to assume his father’s position, according to multiple Iranian sources. Despite longstanding speculation about his political ambitions, Mojtaba has traditionally maintained a low public profile, exerting influence behind the scenes rather than through formal office. Recent reports indicate that he is alive and now strongly favoured by influential factions within the Islamic Republic’s power structure, particularly the Islamic Revolutionary Guard Corps (IRGC), which is said to have played a decisive role in shaping the succession process.  The Assembly of Experts, the constitutional body responsible for selecting Iran’s supreme leader, has reportedly convened to deliberate on the transition following Ali Khamenei’s death. Mojtaba’s deep ties to...
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Tech Rally Fatigue: Nvidia’s Impact on US Stocks


The US stock market remained relatively flat today, with the benchmark S&P 500 unchanged and the tech-heavy Nasdaq Composite gaining 0.2%. However, this stability is notable because it follows a recent surge driven by artificial intelligence (AI) stocks, particularly Nvidia (NVDA). Nvidia briefly held the title of the world’s most valuable company this week, but today it faced a decline of over 1%. Other chip stocks, including Broadcom (AVGO), Super Micro Computer (SMCI), and Qualcomm (QCOM), also dipped alongside Nvidia.

Investors are closely monitoring the broader health of the US economy and the path for interest rates. Former St. Louis Fed president James Bullard suggested that last week’s cool Consumer Price Index reading could lead to a rate cut in September. While around two-thirds of traders still expect rate cuts to begin then, uncertainties remain.

In summary, the AI-fueled rally showed signs of fatigue today, and Nvidia’s performance played a significant role in shaping market sentiment.

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