Stocks Hold Near Records as Traders Await Rate Moves
U S stocks paused after a volatile stretch with the S P 500 at 5202 39 the Dow near 38892 80 and the Nasdaq at 16253 96 Investors await Federal Reserve guidance on rate cuts with Powell signaling possible cuts this year. Market mood hinges on inflation data and energy sector gains fueling profits expectations.
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Brazilian Supreme Court Targets Elon Musk Over Fake News
Justice Alexandre de Moraes opened a separate probe into Elon Musk for alleged obstruction as part of an inquiry into digital militias accused of spreading defamatory fake news against Supreme Court justices. The decision cites Musk actions on X warning of noncompliance and possible VPN circumvention.
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Dimon warns wars and debt threaten U S recovery
JPMorgan Chase CEO Jamie Dimon in a shareholder letter says U S resilience is likely but geopolitical conflicts including Ukraine and Israel Hamas risk a backdrop worse than World War II. He defends diversity efforts and cautions on inflation from deficit spending and remilitarization.
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U S pledge of 6.6B to expand TSMC chip plants in Arizona
The Biden administration will provide up to 6.6 billion to Taiwan Semiconductor Manufacturing Co. to expand two Phoenix facilities and add a third production hub. Raimondo says the funding supports CHIPS Act goals to boost U S semiconductor manufacturing and national security.
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