Wall Street slips from records as AI rally still stalls
U.S. stocks edged lower on a quiet Monday with the S&P 500 down 0.1 percent to 5,130.95 and the Dow off 0.3 percent to 38,989.83 while the Nasdaq fell 0.4 percent to 16,207.51. Nvidia and Nvidia-driven AI stocks push gains, but analysts warn of a potential bubble even as Fed policy awaits congressional testimony and key job data later in the week.
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Ohio group to distribute millions in opioid settlement funds
The OneOhio Recovery Foundation plans to release its first formal proposals for distributing over 860 million dollars from national opioid settlements to Ohio community and government entities. Applications open Monday with a May 3 deadline and up to 51 million in grants in 2024 for regionally focused, evidence based prevention treatment and recovery programs.
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Puerto Rico power company debt restructuring hearing begins
A federal court hearing in San Juan starts a two week review of Puerto Rico's nine billion dollar power company debt plan. Protesters say higher bills worsen living costs while creditors seek recovery as aging grid and Maria damage feed the crisis.
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