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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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Trade War Escalation Sends Markets Tumbling

                                            

The stock market faced significant turbulence today as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq slid sharply. This downturn comes in response to China's retaliatory tariffs against the United States, following President Trump's imposition of hefty duties on Chinese imports. Beijing announced an 84% tariff on U.S. goods, escalating tensions between the world's two largest economies.

Investors are grappling with the potential fallout of this trade war, which has already roiled global markets. The S&P 500 edged closer to bear market territory, while the Nasdaq and Dow futures dropped by over 2%. Oil prices also took a hit, with West Texas Intermediate falling below $55 per barrel.

As the trade conflict intensifies, market participants are closely watching for signs of resolution or further escalation. Treasury Secretary Scott Bessent expressed optimism about potential trade deals, but uncertainty remains high. The Federal Reserve's upcoming minutes and inflation data may provide additional insights into the economic impact of these tariffs.


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