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FREED: Bill Cosby released after sexual assault conviction overturned
Bill Cosby will be released from prison after a shock ruling by the Supreme Court of Pennsylvania.
Cosby’s 2018 sexual assault conviction was overturned by the court on a “procedural issue”
He was previously sentenced to 10 years in prison for drugging and sexually assaulting Andrea Constand 14 years ago.
A jury had found Cosby guilty of three counts of aggravated indecent assault.
One of Cosby’s accusers, Victoria Valentino says she is “stunned” by the court’s decision… telling the media “for this to come out of left field is a gut punch… there’s no other way to describe it.”
The White House has not directly responded to the news, but says “the President has long been an advocate for fighting against violence against women, for ensuring that we are raising the voices and the stories of people who have been survivors of sexual assault.”
One of Bill Cosby’s representatives told reporters “I want to thank the attorneys who successfully argued his appeal and especially Mrs. Cosby who stood strong and was here for Mr. Cosby every step of the way.. she always knew that he was innocent”.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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