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Nasdaq, S&P 500 post strong gains on Fed relief, Meta surge

2023-02-02T21:42:09Z

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly/File Photo

The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls.

The Dow slipped, dragged down by declines in some big healthcare stocks.

Investors were still digesting the Fed’s policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds.

“I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. “The bottom line for investors I think is that the Fed’s comments were unexpected.”

The Dow Jones Industrial Average (.DJI) fell 39.02 points, or 0.11%, to 34,053.94, the S&P 500 (.SPX) gained 60.55 points, or 1.47%, to 4,179.76 and the Nasdaq Composite (.IXIC) added 384.50 points, or 3.25%, to 12,200.82.

Shares of megacap stocks Apple (AAPL.O), Amazon (AMZN.O) and Google parent Alphabet (GOOGL.O) also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%.

In initial after-hours trading, however, shares of all three companies fell after their respective results.

After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations.

Those trends continued on Thursday. The communications services sector (.SPLRCL) jumped 6.7%, its biggest daily gain in almost three years, led by a 23.3% surge for Facebook parent Meta (META.O). The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the “year of efficiency.”

The S&P 500’s 50-day moving average moved above the 200-day moving average, a pattern known as a “golden cross” that is perceived by many as a bullish technical signal for near-term momentum.

The energy sector (.SPNY), one of last year’s standout performers, fell 2.5%, while healthcare (.SPXHC) dropped 0.7%.

UnitedHealth Group (UNH.N) shares fell 5.3% after the U.S. government proposed Medicare Advantage reimbursement rates below analyst estimates, and the stock weighed down the Dow. A 3.3% decline in Merck (MRK.N) shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index.

Shares of drugmaker Eli Lilly (LLY.N) dropped 3.5% after sales of its closely watched diabetes drug missed estimates.

Data showed jobless claims fell last week to a nine-month low, highlighting the labor market’s resilience, ahead of monthly U.S. employment numbers on Friday.

Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.55-to-1 ratio favored advancers.

The S&P 500 posted 36 new 52-week highs and one new low; the Nasdaq Composite recorded 162 new highs and 16 new lows.

About 15 billion shares changed hands in U.S. exchanges, compared with the 11.7 billion daily average over the last 20 sessions.

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👉Oil Price War Explained : It is a Russian War against The Petrodollar.

Oil Selling price War Stated It is a Russian War from The Petrodollar. Donate to assistance The Channel: https://tinyurl.com/vqbgwld …

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The post 👉Oil Price War Explained : It is a Russian War against The Petrodollar. appeared first on Ukraine Intelligence.

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Netflix’s Real-Life Sailing Adventure True Spirit Is an Anthem of Teenage Independence

Sixteen is often the age where you start dreaming of striking out on your own, of trying something just a little bit dangerous—though you still want to know that your parents have your back if you fall. That’s the appeal of True Spirit, a movie based on the real-life adventures of Jessica Watson, who at age 16 became the youngest person to sail around the world solo. Directed by Australian filmmaker Sarah Spillane, the picture is appealingly breezy, though it does have its share of tense moments involving killer waves and charcoal-toned stormy skies. Mostly, it’s an anthem of teenage independence and daring, the story of one young woman who set her sights on a dream while still a child and willed it into reality just a few years later. Not every teenager could pull it off: this is a story about believing in possibilities rather than being constrained by limits, and about respecting nature while also reveling in its wild, unpredictable glory.

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Jessica—played as a young child by Alyla Browne and as a teenager by the capable actress Teagan Croft—has always lived by or on the water, and has always loved sailing. She may struggle with dyslexia, but she understands the sea and its power. She’s particularly enthralled by the story of teenage sailor Jesse Martin, who in 1999 became the youngest sailor to cross the globe solo. He was 18; she wants to break his record. She saves her pennies for a boat, the Pink Lady.

True Spirit
Julian Panetta/NetflixCroft, as Watson, facing threatening seas

Read more reviews by Stephanie Zacharek

Most of that setting is fleshed out in flashback scenes: the movie opens in 2009, as 16-year-old Jessica attempts a solo trial run in advance of her big adventure. She has an adviser, Ben Bryant (Cliff Curtis), an ace sailor who long ago gave up on his own dreams, but who has agreed to help Jessica fulfill hers. Her parents (played by Anna Paquin and Josh Lawson), have also encouraged her all along, even though the media slams them for allowing a minor to embark on an adventure that could endanger her life.

And the trial run, it turns out, is a near disaster: Jessica seems so excited by the notion of being out on the sea by herself—we see her dancing around the tiny cabin in a pop-star reverie, singing into her toothbrush—that she forgets to set an important alarm and ends up being sideswiped by a cargo ship. She makes it back to shore, but her boat is badly damaged. And news reporters are waiting for her, practically rejoicing in her failure: the most smug of these is an uptight dude in a trim, tiny suit (Todd Lasance), who’s convinced Jessica doesn’t have what it takes to pull off the grand feat she’s assigned herself.

Read more: The 49 Most Anticipated Movies of 2023

Well, she’ll show him! And she does, 210 days later, days of glorious puffy clouds and unfettered joy but also of worrying windless stretches and angry red skies. At one point Jessica peeks out her cabin window and recites the old maxim, “Red at night, sailor’s delight, red at morning, sailor’s warning,” and boy, does that turn out to be apt: the storm that ensues is a doozy, its waves tossing her tiny vessel as a cat dipsy-doodles a toy mouse. Jessica does everything right, lowering the sails, releasing the drogue (a parachute-like device designed to stabilize the boat) and strapping herself in for safety—and still, there are dangers she can’t account for. The movie rides this unpredictability like a surfboard.

Because this is a true story, recorded by the person who lived it, we know how it ends. But that doesn’t make the threats faced by a teenager alone at sea any less treacherous. True Spirit also deals realistically with Jessica’s low points. She keeps a blog to record her experience, and at one point tearfully confesses her loneliness: she misses the passel of siblings she’s left behind at home, and there are days when she wonders why she’s invested so much in this risky undertaking. But most of the time, she relishes the small experiences that come wrapped up in this big one, cooking her own meals on a tiny burner or going above deck to shave her legs in the sun. True Spirit makes freedom on the high seas look like fun, a far cry from staring at a screen in your bedroom, waiting for your life to begin.

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Donald Trump Was a Fundraising Juggernaut. His 2024 Campaign Is Off to a Weaker Start

This article is part of The D.C. Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox.

If you’re a Republican fundraiser, the last 48 hours have been illuminating—and even encouraging if you had assumed a certain ex-President would have an unbeatable advantage in fundraising.

During the span between his announcement on Nov. 15 that he would again seek the GOP nomination for the White House and the end of the calendar year, Donald Trump raised $9.5 million, according to campaign finance reports filed Tuesday. An impressive haul, sure, but far less than other candidates have managed when looked at through the lens of totals raised by day. As The New York Times smartly assessed, Trump’s pace trailed by half the first-round reports from the likes of Jeb Bush, Mitt Romney, and Hillary Clinton.

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Setting aside the pace of check-collecting, the Trump campaign and its affiliated committee had less than $7 million banked—that may seem like a lot of money, but it’s fairly anemic considering he raised $250 million between his 2020 presidential loss and the Jan. 6, 2021, attack on the U.S. Capitol that sought to undo the results of the election. For someone presumed to be the frontrunner for the nomination in 2024, Trump doesn’t exactly have an insurmountable lead in the money race, which further fuels talk among conservatives that there is an opening for an alternative candidate.

Other possible contenders are showing far greater signs of potential in their reports. Sen. Marco Rubio, who is always harboring White House ambitions, raised more than $43 million for his Senate re-election bid last year in Florida and is sitting on $3.1 million. Similarly, Sen. Ted Cruz, who wasn’t in-cycle in 2022, has raised $33 million since his last campaign and heads into an expected re-election bid next year with $3.4 million banked. And Sen. Tim Scott, who cruised to re-election in South Carolina last year by a 2-to-1 margin, raised a walloping $43 million and is sitting on $21.8 million.

And those are just the federal incumbents. Former U.N. Ambassador Nikki Haley, reportedly set to join the presidential field in two weeks, scooped up more than $17 million last year through her political arm and is sitting on $2 million. Former Rep. Liz Cheney’s political operation raised more than $17 million and has $3.6 million banked should she decide to throw her name in the mix. And former Secretary of State Mike Pompeo’s organization came close to $9 million in receipts and has $1.1 million at the ready.

Then there are the state-level incumbents, whose previous fundraising hauls can’t easily be converted in federal dollars but show deep reservoirs of goodwill with the deep-pocketed crowd. The likes of Florida Gov. Ron DeSantis ($217 million) and Texas Gov. Greg Abbott (at least $134 million) have proven able to raise tons of cash, while others like Virginia Gov. Glenn Youngkin haven’t been shy about funding their own efforts ($21 million out-of-pocket for his 2021 race).

Money, of course, isn’t everything in politics. But it’s a pretty good barometer of viability. And with Trump perceived in some corners as unbeatable, his lackluster fundraising may be yet the latest sign that his shell has some cracks. That said, it’s not clear that Trump was really even trying to raise cash. After all, he largely was invisible beyond the errant social media outbursts between his declaration that he was running and last weekend’s first toe-dip into New Hampshire and South Carolina. During his 2020 race, he collected almost $812 million—a sum that’s as eye-popping as anything on his rap sheet. All told, Trump has raised $1.2 billion in increments of $200 or less since starting his presidential run in 2015, which again suggests Trump can be a powerhouse fundraiser when he wants to be. He just hasn’t done himself any favors in getting into the 2024 race while his financial footing looks so wobbly.

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80 for Brady May Not Be a Masterpiece. But the World Needs Movies Like This

Before the pandemic, it was a classic, time-honored pastime, particularly among women: over-60 movie lovers, retired and with time to kill, would head out for an early discount show at the multiplex and spend the day sneaking into the other movies on offer. This is how, not so long ago, your tracksuit-and-sneaker-wearing grandmother or aunt might have started the day with a mainstream crowd-pleaser like The Post and ended it having seen at least parts of, say, Blade Runner 2049 or Get Out. Bad for the movie industry, but good for the soul. And proof that people with a lifelong moviegoing habit are also likely to have curiosity in their bones, an eagerness to check out new things even if they’re not the target audience.

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That was the world then. Now, we know that fewer middle-aged and older adults are going to the movies (according to some estimates in early 2022, frequent attendance was down by roughly half), some out of not-unfounded health fears but perhaps many more out of habit. It’s easier just to stream at home, especially now that the big studios seem to be catering mostly to teenagers and comic-book fans. This is the landscape into which 80 for Brady—a comedy starring veteran performers Jane Fonda, Lily Tomlin, Rita Moreno, and Sally Field—is dropping. Another comedy starring Tomlin and Fonda, Moving On, will be released in March. And Book Club: The Next Chapter, a sequel to the 2018 hit (which earned $104 million and also featured over-60 actors), is due this spring. The obvious question is whether movies like these, designed to draw out an audience of senior and younger women alike, stand a chance at the box office. But beneath that question floats a more metaphysical one: What have we lost if they fail?

80 for Brady is brassy, ridiculous, and shameless. It’s also irresistible, maybe because watching older ladies having fun is almost embarrassingly seductive. (For convenience’s sake, let’s treat older as a neutral adjective, a kind of shorthand for a person who’s done some living but isn’t nearly done yet.) Tomlin, Fonda, Field, and Moreno play four football-crazy seniors who almost miraculously score tickets to the 2017 Super Bowl in Houston to see their idol, the New England Patriots’ Tom Brady (who also appears in the film), play against the Atlanta Falcons. Calamities ensue: Field’s Betty, a math professor and the member of the group deemed the most responsible, is entrusted to take care of the tickets—but even a numbers whiz can have a bout of forgetfulness, and the women, dressed in matching jerseys with Brady’s number emblazoned in sparkles, have to scheme their way into the stadium. (It’s Billy Porter who saves the day, having bonded with Moreno’s Maura in a charity poker game the night before.)

You can roll your eyes at the ladies-getting-into-scrapes plot device. And of course, you’ve seen it before, in fairly recent movies like the 2019 Poms (in which a group of women from a retirement community, including Diane Keaton and Pam Grier, form a cheerleading squad) and in slightly older ones, like 2003’s Calendar Girls and the Mamma Mia! franchise. And in Book Club—starring Keaton, Fonda, Mary Steenburgen, and Candice Bergen—lifelong friends read two of E.L. James’ Fifty Shades books, igniting sparks that shake up their lives. These films aren’t trying to reinvent any wheels.

Read more: The Icons of Book Club on Sex, Sexism and Life After 70

BOOK CLUB
Melinda Sue Gordon—ParamountA toast to the sisterhood of badass older ladies in Book Club

And so in the canon of Films That Matter, as decided by people who think they know what they’re talking about, these movies rank somewhere in nowheresville, grouped into the sad, dismissive category of “films my mom would see,” a posture that endures maybe because the loudest film critics, professional or otherwise, tend to be men. But it’s time to reframe and reclaim these films as part of something bigger that does matter, both in the world of movies and in real life. Some of these films may be better conceived and more artfully directed than others, but that’s beside the point. They’re an expansion of the classic genre known as the women’s film, whose 1930s and ’40s heyday brought us pictures like Stella Dallas, Imitation of Life, and Now, Voyager, movies in which women sometimes suffered dramatically, but were also often re-vitalized with a new sense of self.

As we age, nearly all women notice that they become somewhat invisible in the world, but in the golden era of the women’s film, older women really were expected to fade quietly into the wallpaper. Aging actresses would be relegated to playing anonymous matrons and dowager aunties. But the women in 80 for Brady and Book Club want to be seen on their own terms, whatever those might be. The driver behind Book Club is that your sex life hardly has to end with your child-bearing years. (Bergen plays a divorced federal judge who resigns herself to trying Bumble but has no interest in concocting a glamour portrait; for kicks she posts a selfie with her face slathered in cold cream, and it works.) And there’s a scene in 80 for Brady in which the women dress up for a gala party they’ve landed invitations for. Fonda’s Trish, a beauty queen who’s still got it, comes decked out in a great wig (she travels with a suitcase full of them) and some sort of evening garb. But Tomlin strides in, leggy and elegant, in a drapey black sequined tuxedo that, rather than coming off as an effort to turn back the clock, merely stops time. It’s a statement look that whispers rather than shouts, a kind of shorthand for all the ways it’s possible to assert your space in the world, through word and deed as well as the way you present and carry yourself.

Read more: The 49 Most Anticipated Movies of 2023

80 For Brady
Paramount PicturesRita Moreno as Maura, Jane Fonda as Trish, Lily Tomlin as Lou, and Sally Field as Betty in 80 for Brady

These movies have a kind of vitality that supersedes most accepted notions of what a “good” movie should be. It’s true that Hollywood doesn’t offer the same range of material to its older actresses that, say, the French do: over the past decade, Catherine Deneuve and Isabelle Huppert have often made multiple movies per year, in an assortment of roles that include, but aren’t limited to, comedies. But even if you deem movies like 80 for Brady and Book Club a little silly, it’s worth asking yourself what types of roles you’d want to see these actors in. Would it be better to see them relegated to playing old people nobly facing cancer, or Alzheimer’s, or just garden-variety death? (There is a cancer subplot in 80 for Brady, though it’s somewhat subdued.) Do we really want to see them stuck playing wise matriarchs of big, sprawling families? Ho-hum to that. Comedies like 80 for Brady—which speak of the possibility of renewal at any age, and reaffirm the value of good friendships, both new and enduring—are at least moving toward joy. We all know what other thing we’re all moving toward. Why rush?

There’s something else too: we mark the passage of time in our actors’ faces, much easier than scrutinizing our own, of which we’re usually so critical, and which change only incrementally as we look in the mirror each day. It’s true that in 80 for Brady Fonda’s cosmetic surgery has perhaps smoothed out the planes of her face a little too much. But then, if you were once Barbarella, how impossible it would be to surrender the vision of the self you once where.

And Tomlin’s face—the face of Laugh-In’s Ernestine, the persnickety telephone operator, and of the preternaturally wise 5-year-old Edith Ann—is also that of Linnea Reese in Nashville, a gospel singer, wife, and mother who subconsciously yearns to claim something for herself outside of those roles. In a nightclub, Keith Carradine’s Tom, a rootless musician and a player if ever there were one, sings “I’m Easy” to that face. With his charm, he can have any woman in the world, but it’s Linnea’s face, Tomlin’s face—a map of question marks, of veiled desire, of understated starlight radiance—that moves him. And if 1975, the year of Nashville, seems like forever ago, you’re right. You’re also right if it seems like yesterday.

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FBI investigating Santos service dog scam allegations

(NewsNation) — The FBI is now investigating New York U.S. Rep. George Santos in connection with an alleged service dog scam.

The scam involved a GoFundMe for a U.S. Navy veteran’s service dog, which needed life-saving surgery. The fundraiser raised $3,000 but veteran Richard Ostoff said Santos took the money and disappeared.

Ostoff said the FBI contacted him about the incident. Santos, using a different name, allegedly ran the GoFundMe under the Friends of Pets United charity. His campaign lists Friends of Pets United as a nonprofit organization, but the IRS has no record of it.

The money was being raised to help Ostoff pay for an operation to remove a tumor from his service dog, Sapphire. He said he never received the money and without surgery, Sapphire eventually died from her condition.

Santos has been under scrutiny since shortly after the midterm election, when it was revealed he had lied about his education, work experience and family background.

Despite calls for him to step down, Santos vowed to be sworn in even as more allegations surfaced, including an effort by Brazilian authorities to reopen a fraud case against him.

The Federal Election Commission is also investigating finance reports from Santos’ campaign, particularly some large loans where the source was not recorded.

Recently, Santos claimed to have been the target of an assassination attempt, which he said was because he is a Republican.

Despite the investigations and calls for his resignation, Santos was sworn in with the new Congress. He was initially given committee assignments but has since stepped down from those roles.

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Report: AOC Funnels Campaign Cash to Chinese Foreign Agent

Democratic “Squad” member Alexandria Ocasio-Cortez (N.Y.) funneled campaign money to a Chinese-owned news corporation that is registered as a foreign agent, Fox News reported.

Ocasio-Cortez’s campaign paid Sing Tao, a China-based company that consistently expresses pro-Beijing viewpoints, for advertising during the 2022 election cycle. The Democrat’s spending came after the Department of Justice ordered Sing Tao to register as a foreign agent in 2021 to regulate its influence as a company with ties to the Chinese government. 

The Hong Kong-based news company publishes Chinese-language newspapers in several American cities, including New York and Los Angeles. Sing Tao claims to be independent from China but mostly publishes content purchased from the Chinese company Star Production (Shenzhen) Limited. Sing Tao has been greatly influenced by “the oversight of pro-Beijing businessman Charles Ho Tsu-Kwok,” according to the Epoch Times.

While Ocasio-Cortez paid the Chinese foreign agent $1,500 for advertising, Democratic lawmakers Kevin Mullin (Calif.) and Grace Meng (N.Y.), as well as Republican Rep. Nicole Malliotakis (N.Y.), also shoveled thousands to the company during the 2022 midterm elections.

Ocasio-Cortez’s payments come amid heightened tension between Washington and Beijing, as the Department of Justice looks to crack down on Chinese influence peddling. 

Sing Tao’s leadership has consistently expressed pro-Beijing stances, and Charles Ho Tsu-kwok, who has headed Sing Tao News Corporation Ltd for more than 20 years, has also served as a member of the Chinese People’s Political Consultative Conference, “Beijing’s top advisory body that also oversees Chinese influence operations worldwide,” the Epoch Times reported.  

Ho has frequently decried pro-democracy movements in China, calling for a more severe government response to protesters.

After the Justice Department required Sing Tao to register as a foreign agent, the company argued that it was “similarly situated to other for-profit media companies operating in the United States.”  

The post Report: AOC Funnels Campaign Cash to Chinese Foreign Agent appeared first on Washington Free Beacon.

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Judges hear appeal from victim’s family in Adnan Syed case

ANNAPOLIS, Md. (AP) — The protracted legal odyssey of Adnan Syed, whose murder case rose to prominence through the hit podcast “Serial,” marked its latest development Thursday when a Maryland appeals court considered whether the victim’s family experienced improper treatment when a Baltimore court overturned Syed’s conviction last year, allowing his release after more than two decades behind bars.

The Appellate Court of Maryland will issue a ruling on the matter within 90 days.

Surviving relatives of Hae Min Lee, Syed’s ex-girlfriend and high school classmate who was strangled to death and found buried in a makeshift grave in 1999, contend their rights were violated because they didn’t receive enough notice about the court hearing that won Syed his freedom. They requested a redo of the September hearing — which would likely require reinstating Syed’s conviction — to allow Lee’s brother a meaningful opportunity to participate.

The answer to their request could have significant implications, both for Syed’s future and, more broadly, for the role of crime victims in the Maryland court system.

“We’re not on a campaign to have Adnan Syed put back in jail,” attorney David Sanford, who represents the Lee family, said on the courthouse steps following the hearing. “This is about respecting victims and their representatives.”

Sanford said the lower court should have to hold a more substantive hearing and better communicate its reasoning for overturning Syed’s conviction “so that the world can know the basis for releasing Adnan Syed.”

But granting crime victims and their attorneys the power to actively participate in such evidentiary hearings would vastly expand their influence, said Syed’s attorney, Erica Suter.

“Giving Appellant what he wants will not just result in the re-imprisonment of Mr. Syed for a crime he did not commit, it will wreak havoc on our criminal justice system,” she wrote in recent court papers.

But Lee’s family spent decades believing justice had been served, only to be treated as an afterthought when prosecutors decided their case was actually flawed from the beginning, according to their attorneys.

Lawyers for the Lee family said that a closed-door meeting between a Baltimore judge and local prosecutors in advance of the vacatur hearing amounted to a violation of open meetings standards.

Syed was unshackled inside the courtroom and descended the courthouse steps in downtown Baltimore, surrounded by loved ones and cheering supporters.

He was freed from prison after prosecutors said a monthslong review of the case found alternative suspects and unreliable evidence used at trial. Prosecutors had 30 days after his release to decide whether to retry him, but they ultimately dropped the charges, saying additional DNA testing had excluded him as a suspect.

Attorneys for Syed argue the Lee family’s appeal became moot after prosecutors dropped the charges. During oral arguments Thursday, a three-judge panel focused much of their questioning on that argument.

“There is no underlying conviction. There is no case,” Judge Stuart Berger said, asking the Lee family’s attorneys to better explain why the appeal shouldn’t be declared moot.

“It makes all the difference in the world if the case is moot,” he said later on. If the court dismisses the appeal on those grounds, it could still issue a ruling clarifying how victims should be treated in future cases.

The judges also raised questions about why the Baltimore State’s Attorney’s Office chose to drop charges against Syed eight days before their 30-day deadline — when an appeal from the Lee family was pending.

The family’s attorneys said the September hearing was too rushed, scheduled on Friday for the following Monday. Lee’s brother, Young Lee, wanted to participate in person, but he addressed the court over Zoom instead, unable to make travel plans from the West Coast on such short notice. That was after the judge denied his attorney’s request to postpone the hearing for a week so he could travel to Baltimore.

Maryland law says prosecutors must give victims “reasonable” notice about such hearings.

The judges expressed skepticism about whether it was reasonable for Young Lee to be given notice one business day before the hearing — and whether the hearing should have been postponed at his request.

“I feel betrayed,” he said via Zoom during the proceeding in September. “This is not a podcast for me. This is real life.”

He attended the Thursday oral arguments in person but didn’t participate or provide comment to reporters.

Syed also was present, along with his parents and brother. After the hearing, they exited the courthouse together, with Syed pushing his father’s wheelchair slowly through the front entrance.

“This court’s decision will neither bring back Hae Min Lee nor restore Adnan’s 23-and-a-half lost years,” Suter, his attorney, said outside the courthouse. “It’s time — it’s 23 years past time — to let Adnan Syed live his life as a free man.”

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Brazil senator says he attended election conspiracy meeting with Bolsonaro

2023-02-02T20:58:37Z

A Brazilian senator said on Thursday that a close ally of former President Jair Bolsonaro tried to persuade the senator to join a conspiracy to overturn the far-right leader’s electoral loss last year.

Senator Marcos do Val told a news conference that he had been invited to a meeting on Dec. 9 with then-President Bolsonaro by his associate, former lawmaker Daniel Silveira. At the meeting, Silveira asked the senator to try to get the head of the electoral court to make compromising comments in a taped conversation that could lead to the judge’s arrest, Val said.

The senator told reporters that Bolsonaro “sat in silence” while Silveira laid out the plot against Justice Alexandre de Moraes, a Supreme Court judge running Brazil’s top electoral authority (TSE).

The former president had made baseless attacks on the integrity of the electronic voting system, which Moraes defended in decisions that Bolsonaro blamed for his defeat.

Silveira was arrested by police on Thursday on a warrant issued by Moraes, who accused him of disobeying court rulings and “complete disrespect and mockery” of the judiciary.

It was not immediately possible to reach representatives for Bolsonaro, who has been reclusive in Orlando since late December. His party, the Liberal Party, declined to comment.

Senator Flavio Bolsonaro, the former president’s son, said in a statement that there was never any coup attempt and that his father is a “defender of law and order and has always played within the four lines of the Constitution.”

Val’s account is the strongest testimony yet to support accusations that Bolsonaro tried to overturn the result of the October election won narrowly by leftist President Luiz Inacio Lula da Silva, who took office on Jan. 1.

Bolsonaro left Brazil for Florida 48 hours before Lula took office, without ever conceding defeat. He is being investigated by Moraes at the Supreme Court for his alleged role in inflaming riots by his supporters, who stormed government buildings on Jan. 8 seeking to provoke a military coup.

Moraes ordered Val to provide sworn testimony to federal police within five days as part of the probe into the former president, according to a court document seen by Reuters.

Val, who said he was considering resigning his Senate seat, described the meeting as “a bizarre, immoral and even criminal action,” according to news magazine Veja, which first reported the alleged conspiracy.

Silveira told the former president that Val, a Bolsonaro supporter, could be trusted and asked Bolsonaro to present “the idea that would save Brazil” to him, according to the Veja report.

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Brazilian senator Marcos do Val speaks during a news conference in Brasilia, Brazil February 2, 2023. REUTERS/Ton Molina

Brazilian senator Marcos do Val speaks during a news conference in Brasilia, Brazil February 2, 2023. REUTERS/Ton Molina

Former Brazilian President Jair Bolsonaro speaks at an event taking place in a restaurant at Dezerland amusement park in Orlando, Florida, U.S. January 31, 2023. REUTERS/Joe Skipper


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Nasdaq, S&P 500 close higher on Meta bump, Fed lift

2023-02-02T21:01:47Z

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly/File Photo

The Nasdaq and S&P 500 ended higher on Thursday after touching roughly five-month intraday highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls.

Declines in some big healthcare stocks weighed on the Dow.

Shares of megacap stocks Apple (AAPL.O), Amazon (AMZN.O) and Google parent Alphabet (GOOGL.O) also gained strongly ahead of their results due after market close.

Investors were still digesting the Fed’s policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds.

“I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. “The bottom line for investors I think is that the Fed’s comments were unexpected.”

According to preliminary data, the S&P 500 (.SPX) gained 61.05 points, or 1.48%, to end at 4,180.26 points, while the Nasdaq Composite (.IXIC) gained 384.91 points, or 3.26%, to 12,201.23. The Dow Jones Industrial Average (.DJI) fell 38.26 points, or 0.11%, to 34,054.70.

After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations.

Those trends continued on Thursday. The communications services sector (.SPLRCL) jumped, led by a surge for Facebook parent Meta (META.O). The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the “year of efficiency.”

“I think that encapsulates what investors want to hear from tech companies this year,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. “They want to hear that it is a year of efficiency, they are getting out ahead of a slowdown in the economy.”

UnitedHealth Group (UNH.N) shares fell after the U.S. government proposed Medicare Advantage reimbursement rates below analyst estimates, and the stock weighed down the Dow. A decline in Merck (MRK.N) shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index.

Shares of drugmaker Eli Lilly (LLY.N) dropped after sales of its closely watched diabetes drug missed estimates.

Data showed jobless claims fell last week to a nine-month low, highlighting the labor market’s resilience, ahead of monthly U.S. employment numbers on Friday.

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