Donald Trump is due to be fingerprinted and photographed in a New York courthouse next week as he becomes the first former U.S. president to face criminal charges in a case involving a 2016 hush money payment to porn star Stormy Daniels.
- BreakingviewsTrump charges could leave important fish unfried
Donald Trump’s indictment is a distraction rather than a disruption for the U.S. economy, but on balance it’s still unhelpful. Money markets and currencies were unmoved on Friday morning after a grand jury’s decision to press criminal charges was announced on Thursday night. The trouble is that U.S. financial stability depends on politicians finding common ground, and this event is likely to make that harder.
- MarketsIndexes jump on inflation data; Nasdaq posts best qtr since 2020
Wall Street rallied more than 1% on Friday and the Nasdaq notched its biggest quarterly percentage gain since June 2020, as signs of cooling inflation bolstered hopes the Federal Reserve might soon end its aggressive interest rate hikes.
- TechnologyItaly curbs ChatGPT, starts probe over privacy concerns
Italy's Data Protection Authority on Friday temporarily banned OpenAI's ChatGPT chatbot and launched a probe over a suspected breach of the artificial intelligence application's data collection rules.
