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Special Counsel dismisses federal cases against Trump

Special Counsel dismisses federal prosecutions of Trump, citing policy against prosecuting sitting presidents; state-level cases pending.

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Special Counsel Jack Smith has moved to dismiss federal prosecutions of former President Trump, citing a longstanding Justice Department policy against prosecuting a sitting president.

Smith emphasized that this prohibition is absolute and independent from the nature of the alleged crimes or the strength of government evidence.

Earlier this year, a judge dismissed a case involving classified documents, ruling that Smith’s appointment was unlawful.

Although Smith’s office appealed this decision, it has now withdrawn this appeal.

A representative for Trump characterised Smith’s dismissal as a significant win for the rule of law, marking an end to a controversial period in U.S. history.

Smith was appointed special counsel in November 2022, shortly after Trump’s announcement for a presidential run. With the elections completed, Smith’s team is working to conclude the federal cases before he is expected to resign.

State felonies

While federal cases are dismissed, two state-level prosecutions are still pending. In New York, Trump was convicted of 34 state felonies related to hush money payments, but sentencing has been postponed as he seeks to overturn the conviction.

In Georgia, an election-interference case is also facing challenges, having been stalled due to attempts to disqualify the district attorney and the implications of Trump’s presidential election.

Both cases could potentially falter following Smith’s recent actions.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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