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In Washington DC, federal prosecutors will stop felony charges for rifle or shotgun possession. US Attorney Jeanine Pirro cites Justice Department guidance and Supreme Court rulings. Local authorities can still prosecute unregistered firearms. This policy shift aligns with President Trump's crime emergency declaration. The White House reports seizing 76 firearms this month.
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On Wednesday, the Nasdaq and S&P 500 experienced declines as investors shifted away from tech stocks towards sectors with lower valuations, awaiting insights from Federal Reserve officials at the Jackson Hole symposium. Tech stocks faced pressure due to concerns about AI valuations and potential government intervention. Meanwhile, investors are closely monitoring upcoming economic data and earnings reports from major retailers.
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The Japanese technology giant cited economic challenges as it raised prices for the consoles by around $50.
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News and Media
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