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Texas woman awarded $1.2 billion in revenge porn case

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A Texas jury has delivered a groundbreaking verdict in favor of a woman, awarding her an unprecedented $1.2 billion in a revenge porn case.

Identified only as DL in court documents, the woman filed a harassment lawsuit against her former boyfriend in 2022. She alleged that he engaged in revenge porn, sharing intimate photos of her online as a means of public humiliation following their breakup.

The legal victory is being hailed as a significant triumph for victims of “image-based sexual abuse,” according to attorneys involved in the case. Lead trial lawyer Bradford Gilde noted that while it’s unlikely the full judgment will be recovered, the compensatory verdict holds immense value in restoring DL’s reputation.

Original damages case

Originally seeking $100 million in damages, the legal team expressed hope that the substantial verdict would serve as a strong deterrent, discouraging others from participating in such reprehensible behavior.

Court documents reveal that DL and her ex-boyfriend began their relationship in 2016. During their time together, she had shared personal photos with him. After their breakup in 2021, he allegedly posted these private images on social media and adult websites without her consent.

Furthermore, he distributed links to the images through a publicly accessible Dropbox folder, sending them to her friends and family. The former partner was also accused of unauthorized access to DL’s phone, social media accounts, email, and even the camera system in her mother’s residence, which he exploited to surveil her.

The accused

The accused did not appear in court and was unrepresented by an attorney, as reported by US media. In response to the lawsuit, he was ordered to pay $200 million for past and future mental anguish, along with $1 billion in exemplary damages.

Notably, substantial settlements have been achieved in prior US revenge porn cases. In 2018, a California woman received a $6.8 million award after her former partner shared explicit photos of her on pornographic websites.

DL’s case underscores the complexities and emotional toll of revenge porn incidents. With limited recourse from local law enforcement, she turned to civil litigation. In 2016, approximately 10 million Americans reported being victims of non-consensual or revenge porn, with a significant number of them being women aged 18 to 29, according to a study by the Data & Society Research Institute.

 

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Dow struggles, investors lose confidence amid trade fears

Dow on track for worst April since 1932 amid trade uncertainty and investor ‘no confidence’ signals, as losses deepen.

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Dow on track for worst April since 1932 amid trade uncertainty and investor ‘no confidence’ signals, as losses deepen.

In Short

The Dow Jones fell almost 1,000 points, heading for its worst April since 1932, with investors worried about trade restrictions and the future of the Federal Reserve Chairman.

Amidst declining stock confidence, traditional safe assets like bonds are under pressure, while gold prices have soared as investors seek safety.

The Dow Jones Industrial Average dropped nearly 1,000 points on Monday, heading towards its worst April since 1932. The S&P 500 has recorded its worst performance for any president at this stage since 1928.

Investors are concerned about trade restrictions and the potential removal of Federal Reserve Chairman Jerome Powell by President Trump, leading to fears of further losses. Many doubt that the administration’s trade negotiations will provide timely relief.

Traditional safe assets like government bonds and the U.S. dollar are also under pressure, limiting safe investment options during this instability. Chief investment officer Scott Ladner noted that this reflects a widespread “no confidence” sentiment among investors.

Tax cuts and deregulation

Following Trump’s election, stock indexes initially rose due to optimism around tax cuts and deregulation. However, the introduction of aggressive tariffs sparked significant market declines. Although there was some retraction of tariff plans, markets have not stabilised.

Typically, bond prices should increase during stock declines, but yields on 10-year U.S. Treasurys have risen, indicating a sell-off in government bonds.

The U.S. dollar has weakened due to economic concerns and Trump’s tensions with the Fed, hitting a three-year low. In contrast, gold prices have surged to all-time highs as investors seek safer assets.

Wall Street sentiment is declining, with bearish expectations remaining high for eight consecutive weeks, marking a record for prolonged pessimism among individual investors.

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Trump warns of economic slowdown unless interest rates are slashed

Trump criticizes Fed’s Powell over interest rates, warning of economic slowdown, as markets react sharply.

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Trump criticizes Fed’s Powell over interest rates, warning of economic slowdown, as markets react sharply.


President Donald Trump has once again lashed out at Federal Reserve Chair Jerome Powell, claiming the U.S. economy could “slow down” if interest rates aren’t cut immediately.

Markets reacted sharply, with bond yields jumping and equities falling as investors brace for a possible standoff between the White House and central bank.

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Dow falls nearly 1,000 points amid market turmoil

Dow Drops Nearly 1,000 Points as Market Turmoil Grows Amid Tariff Concerns and Fed Leadership Threats.

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Dow drops nearly 1,000 points as market turmoil grows amid tariff concerns and Fed leadership threats.

In Short

The stock market fell significantly on Monday, with the Dow losing nearly 1,000 points, raising concerns over President Trump’s trade policies and Federal Reserve leadership.

Additionally, the dollar plummeted to multiyear lows, while gold prices surged to a record high.

On Monday, the stock market experienced a significant decline, with the Dow industrials closing nearly 1,000 points lower. This downturn is part of a troubling trend, as April is on track to be the worst month for the market since 1932.

The value of the dollar also fell, reaching multiyear lows against major currencies like the euro.

Investor concerns are mounting over President Trump’s ongoing tariff war and his threats to remove Federal Reserve Chairman Jerome Powell. On social media, Trump called for lower interest rates, suggesting that economic slowdown is possible if action is not taken promptly.

National Economic Council Director Kevin Hassett indicated on Friday that the administration is dissatisfied with Powell’s performance and is considering his potential removal.

Export worry

Data from South Korea revealed a significant decrease in exports to the United States this month, further heightening market anxiety.

All major stock indexes reported losses, with the Nasdaq witnessing the largest decrease of around 2.5%. Key technology shares, including Tesla, Nvidia, and Apple, also fell sharply.

The ICE U.S. dollar index decreased by over 1%, marking its lowest value in three years against a basket of currencies. Treasury yields increased, the 10-year note reaching 4.39%.

Meanwhile, gold prices surged to an unprecedented $3,400 per troy ounce, and Bitcoin prices rose. Japan’s Nikkei index fell by 1.3%, while China’s CSI 300 managed a slight increase of 0.3%. Markets in Hong Kong and Europe remained closed for the Easter holiday.

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