Stocks climb as investors bet on rate cut following Jerome Powell speech

A federal judge, William Orrick, issued a preliminary injunction halting the Trump administration's attempts to withhold grant funding from "sanctuary" cities and counties that do not cooperate with immigration enforcement. This ruling protects over 30 cities, ensuring they do not lose hundreds of millions in Housing and Urban Development grants due to their policies on undocumented immigrants. Want More Context? 🔎

Ghislaine Maxwell, convicted co-conspirator of Jeffrey Epstein, claimed in a DOJ interview that there was no client list or blackmail scheme related to Epstein's sex trafficking, asserting she witnessed no illegal acts by high-profile associates like Donald Trump or Bill Clinton. Despite her conviction for aiding in Epstein's crimes, Maxwell maintained her innocence and argued she was wrongly accused. Want More Context? 🔎

Donald Trump is fulfilling his campaign promise of retribution by targeting critics and political opponents, including former national security adviser John Bolton and various Democrats, while using government powers to intimidate. His administration has sparked concerns over unprecedented authority, deploying military forces in cities and pursuing investigations against those who challenged him, reflecting a consolidation of power that alarms many. Want More Context? 🔎

As the Trump administration increases troop deployments in cities like Washington, D.C., local Democratic leaders are resisting, asserting their autonomy and criticizing the federal government's tactics as divisive. Mayor Michelle Wu of Boston condemned the administration's actions as a means to distract from its failures and warned against undermining city laws, particularly those protecting undocumented migrants. Want More Context? 🔎

Former NBA star Shawn Kemp was sentenced to 30 days of electronic home monitoring for shooting at two men in a mall parking lot, following a plea agreement for an assault charge. He must also complete a year of supervision and 240 hours of community service, with the judge citing self-defense in the case, which stemmed from the theft of Kemp's belongings. Want More Context? 🔎

Kilmar Abrego Garcia, recently released from federal custody after being wrongfully deported to a high-security prison in El Salvador, faces potential deportation to Uganda within 72 hours. Abrego, who has a protective order against deportation to El Salvador due to gang violence, was reunited with his family after nearly six months apart. Want More Context? 🔎