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Global Markets Reel as Wall Street Suffers Sharpest Fall Since Iran Conflict Began

Wall Street endured its steepest decline since the outbreak of the Iran war, as renewed uncertainty over diplomatic progress sent shockwaves through global markets. The S&P 500 plunged 1.7% , marking its worst day since January and extending a five‑week losing streak , the longest in nearly four years. The Dow Jones Industrial Average fell 469 points , while the Nasdaq dropped 2.4% , slipping more than 10% below its record high — a threshold investors label a correction .  The downturn followed conflicting signals about potential ceasefire negotiations. While U.S. officials suggested Iran was open to talks, Tehran publicly denied direct engagement and dismissed a U.S. proposal delivered via Pakistan. The resulting uncertainty pushed oil prices sharply higher , with Brent crude rising 4.8% to $101.89 , up from roughly $70 before the conflict. Global markets echoed the volatility, with major indexes across Asia and Europe also tumbling. Analysts warn that Iran’s tightening con...
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Trump Loses Appeal in E. Jean Carroll Sex Abuse Case

In a significant legal development, former President Donald Trump has lost his appeal to overturn a jury verdict that found him liable for sexually abusing and defaming former magazine columnist E. Jean Carroll. The ruling by the Second U.S. Circuit Court of Appeals comes just a day after Trump hinted at seeking retribution against Carroll on his Truth Social account.

The jury in the May 2023 civil case awarded Carroll $5 million in damages after finding Trump liable for sexual abuse and defamatory remarks made in 2022. Trump's legal team argued that the judge should not have allowed testimony from two other women who accused Trump of sexual misconduct, nor should the infamous Access Hollywood tape have been included as evidence. However, the appeals court upheld the original verdict, stating that the evidence demonstrated a "repeated, idiosyncratic pattern of conduct".

Carroll's attorney, Roberta Kaplan, expressed satisfaction with the court's decision, emphasizing the importance of holding powerful individuals accountable for their actions. Trump, who has consistently denied the allegations, is also appealing a second trial verdict from January, which awarded Carroll an additional $83 million in damages.

This ruling marks another chapter in the ongoing legal battles faced by Trump, as he continues to navigate the repercussions of his actions during and after his presidency.

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