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Impeachment inquiry launched into President Biden

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The US House of Representatives will initiate a formal impeachment inquiry into President Joe Biden, as announced by Kevin McCarthy, the House’s most senior Republican.

McCarthy specified that the inquiry’s focus would center on “allegations of abuse of power, obstruction, and corruption” attributed to President Biden.

Republicans have been actively investigating President Biden’s actions since they gained control of the House in January. Despite months of scrutiny, no concrete evidence of wrongdoing by President Biden has been uncovered. However, the investigations have shed more light on the business dealings of President Biden’s son, Hunter Biden, which Republicans find questionable, and President Biden’s knowledge of his son’s activities.

At a press conference held at the US Capitol, McCarthy asserted that there were “serious and credible” allegations related to the President’s conduct, which, when considered together, suggest a “culture of corruption.” The White House swiftly condemned McCarthy’s decision, with spokesperson Ian Sams stating that House Republicans have investigated the President for nine months and found no evidence of wrongdoing, labeling it “extreme politics at its worst.”

Hunter Biden

Hunter Biden is currently under federal investigation for potential tax crimes associated with his foreign business interests.

This impeachment inquiry grants congressional investigators greater legal authority, including the issuance of subpoenas for documents and testimony enforceable in court. The US Constitution permits a president’s impeachment for “treason, bribery, or other high crimes or misdemeanors.” The process could lead to an impeachment vote in the House, followed by a Senate trial, which is a political, not criminal, procedure.

Democrats hold the Senate majority and would likely block the proceedings if it advances to that stage. McCarthy’s move to support impeachment could be seen as an attempt to garner support from right-wing House Republicans amid ongoing budget negotiations.

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Senate clears Epstein files release despite White House push

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.

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Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.


The White House tried to delay a vote on the release of Justice Department files connected to Jeffrey Epstein, even as former President Trump insisted there was nothing to hide.

Despite this, the Senate approved the measure exactly as it passed the House, ignoring amendments proposed by Trump’s aides. This move clears the path for the files to be made public in full.

Trump has indicated he intends to sign the bill, marking a significant shift after the White House’s attempt to block or delay the vote proved unsuccessful. The decision could have wide-reaching implications for transparency and ongoing investigations.

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#EpsteinFiles #WhiteHouse #Trump #SenateVote #JusticeDepartment #USPolitics #Transparency #TickerNews


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Nvidia earnings shake tech stocks as ASX heads into Christmas

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.

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Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.


Markets are reacting sharply to Nvidia’s latest earnings, leaving investors questioning the future of tech stocks. Analysts are closely watching whether the results meet expectations and what it could mean for the broader market.

Joining us is David Scutt from StoneX to break down Nvidia’s post-earnings performance and its ripple effects across US and global equities. Investors are keeping a keen eye on how this could set the tone for year-end trading.

With Christmas approaching, the ASX faces a pivotal day as global risk sentiment shifts. Traders are positioning themselves for potential volatility, making it critical to understand the signals coming out of major tech earnings.

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#NvidiaEarnings #TechStocks #StockMarket #ASX #GlobalMarkets #Investing #MarketUpdate #TickerNews


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Tech stocks on edge ahead of Nvidia

Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.

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Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.


With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.

Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.

#TechStocks #Nvidia #Markets #Investing #FinanceNews


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