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Paul Manafort to pay $3.15 million to settle with Justice Department

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Paul J., a longtime fixture in Republican politics who briefly managed Donald Trump’s presidential campaign in 2016. Manafort agreed last year to pay $3.15 million to settle a civil lawsuit brought by the Justice Department over foreign bank accounts he undeclared to the United States. According to authorities, his attorney and court documents.

Manafort’s attorney, Jeffrey Neiman, confirmed the settlement in a brief phone interview Sunday and said his client was “glad to put this chapter of his life behind him.”

The settlement was announced in a document dated Feb. 22 and filed in the U.S. District Court for the Southern District of Florida, where Manafort lives. reported on Saturday by Florida BulldogA non-profit website.

Details of how and when Manafort will pay the settlement were not disclosed in court documents, and his attorney declined to provide that information.

The settlement would end a civil suit filed by the Justice Department in April 2022 seeking to compel Manafort to pay millions of dollars in penalties and interest for “failing to timely report his financial interests in foreign bank accounts.” In 2013 and 2014, Manafort allegedly failed to file Foreign Bank and Financial Accounts (known as FBAR) reports, which are required of any US citizen who has more than $10,000 overseas.

According to the Justice Department, Manafort earned income from consulting work in Ukraine and deposited money into several offshore accounts in Cyprus, St. Vincent and the Grenadines, and the United Kingdom.

Some of those accounts listed Manafort as an “authorized signatory or beneficial owner of the account,” according to the complaint. It also said many of the accounts were held at shell companies opened on Manafort’s behalf.

Manafort briefly managed Trump’s campaign in 2016, when he was ousted from the role amid questions about his consulting work in Ukraine, for which he earned millions.

He was convicted by a jury of using foreign accounts to hide income from his Ukrainian consultancy, and pleaded guilty to money laundering and embezzlement. The judiciary has charged Special counsel to the Trump campaign, Robert S. He was in 2017 as part of Mueller III’s investigation.

At one point, Manafort was sentenced to more than seven years in prison, but was released in early 2020 as a result of health concerns during the coronavirus pandemic. Trump pardoned Manafort shortly before leaving office on December 23, 2020.

Although Trump has pardoned Manafort for financial crimes covering this period, the Justice Department complaint argued that he still owes money to the Treasury Department, which said he violated laws requiring him to report foreign bank accounts he controlled.

Neiman, Manafort’s lawyer, has previously downplayed the matter, describing his client’s actions as “failing to file a tax return,” adding that the case was “filed to embarrass Mr. Manafort.”

Manafort has worked for several presidents over the decades, including Gerald Ford, Ronald Reagan and George HW Bush. After his standing in Republican circles faded, he made millions advising political candidates in other countries, notably Ukraine.

In 2019, the Manhattan District Attorney’s Office received a grand jury indictment amid concerns that Trump might pardon his former adviser. A federal case against Manafort on fraud charges that echoed that. A New York state judge dismissed the case, saying it violated state laws against double jeopardy.

Liverpool thrashed Manchester United 7-0 in the Premier League derby.

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CNN

This season has been one of trials and tribulations for Liverpool and its fans, but there may still be light at the end of the tunnel as Jurgen Klopp’s men produced a truly spectacular performance to tear Manchester United apart at Anfield.

Braces from Cody Kakpo, Darvin Nunes and Mo Salah and a late goal from Roberto Firmino sealed an utterly dominant 7-0 win in this Premier League grudge match, marking the biggest win in the history of this storied competition.

It was a quiet afternoon for Erik ten Hoag’s side, who have been in terrific form since the season resumed following the World Cup and looked likely to start putting pressure on Manchester City and Arsenal at some point. of the table.

Klopp had made United a “decision machine” this match and even in his wildest dreams the German surely would not have imagined such a performance and result.

Roberto Firmino celebrates after scoring Liverpool's seventh goal.

It will go down as one of Liverpool’s all-time greatest wins in the competition, but also one of the greatest Premier League results in history and one that will be remembered for decades.

“No words,” Klopp told Sky Sports after the win. “Fantastic game of football. Excellent. The start of the game was exactly what we needed – super front foot, super lively, super active. We played good football against an in-form team.

“The second half, the start was good, the end was good, everything was good. That’s football, it can happen.

“As I said before the game, United have played a super season, we’re not happy with our season so far, but that doesn’t mean anything for the game because you still have to play it and today we’re clear. The best side for the moment and we’ve got three very important points. It’s good.

As Liverpool were all games, Manchester United were equally shambolic.

Den Haag has suffered a number of setbacks since joining in April 2022, but this is certainly the nadir of his time in charge of the club and extinguishes any lingering hopes of inserting himself into United’s title race.

Former United captain Gary Neville labeled Sky Sports’ coverage of the game a “confusion” and a “disgrace” and there will need to be some serious soul-searching in the United dressing room if the team is to recover from this.

It was a heartbreaking evening for Manchester United at Anfield.

“We’ve had setbacks in the past and we have to come back because that’s what Manchester United is about,” a dejected Bruno Fernandes told Sky Sports after the game. “We can go down but we have to get back up because we know how good we are.

“We know that today we didn’t show and we didn’t perform at our level, but we know that this team is very good and can do good things. Today, that wasn’t the case, but I’m sure that together with the fans, this team will do even better things, and I want their support. To be appreciated.

“We’ve set a good standard for ourselves and now it’s about getting back because the fans deserve it and we deserve it. We’ve done better in the past than we did today and we’ll do better in the future.

But it was Liverpool’s day and a raucous Anfield crowd roared back at full-time, a moment that undoubtedly sweetened all of the team’s struggles this season.

To add more luster to the occasion, Salah’s two goals took his Premier League tally for Liverpool to 129, breaking Robbie Fowler’s record for the club.

“It’s very special,” Salah told Sky Sports of his achievement. “Can’t lie, this record has been on my mind ever since I got here. I think I’ve always been chasing that record since my first season, so to get that result against United today is incredible.

Anfield celebrated another famous result on Sunday.

“I’m going home to celebrate with family and have neem tea and sleep.”

Despite all the problems Liverpool have faced this season, the team has now moved up to fifth in the league, three points behind Tottenham for the fourth and final Champions League spot with a game in hand.

“It’s the motivation we wanted, it puts us in the right direction,” Klopp added. “Everybody should know we’re still around. It hasn’t been for a while, but tonight was a perfect showcase of what we can be and what we want to be.”

The win comes at a great time as Liverpool look to build some momentum ahead of their Champions League return against Real Madrid in 10 days’ time.

Any chance of overturning a 5-2 deficit at the Bernabeu still looks slim, but Liverpool and their fans are more confident now than ever that they can accomplish the improbable feat.

China promises economic growth of 5% by 2023

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China pledged to expand its economy by “about 5 percent” this year, underscoring the challenges facing Chinese President Xi Jinping in his third term as he tries to overcome increasingly hostile relations with the West that have hurt an already struggling economy. .

China’s legislature, the National People’s Congress, opened in Beijing on Sunday with a statement from outgoing Premier Li Keqiang that sought to instill confidence in the Chinese leadership.

Li praised Xi’s leadership, describing the “volatile international environment”, “uncertainties” and “hidden risks” his country faces as it recovers from years of isolation and crippled coronavirus operations.

“Struggle creates intelligence. “Hard work will win the future,” Li said in a speech that was less than an hour long, pledging to expand the country’s ability to counter external efforts to limit its growth.

This year’s Liangui, or two sessions – dual meetings of an advisory body, the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress, which has about 3,000 members representing various sectors of society – comes at a time of deep uncertainty and change. For the country.

The National People’s Congress is expected to rubber stamp senior appointments and give Xi and the ruling Communist Party more control over decision-making previously entrusted to government bodies.

Chinese leader Xi makes ‘radical’ transition as he consolidates power

At a party conference in October, Xi defied succession rules to seek a third five-year term, paving the way for his decades-long stay in power. Late last year, the Chinese leadership led by Xi oversaw a confusing reversal of its years-long “zero Covid” policy, as well as mass protests on a scale not seen since the 1989 pro-democracy movement that culminated in a bloody crackdown around Tiananmen Square. in Beijing.

In February, a high-altitude Chinese balloon was discovered floating in the US, prompting Washington to cancel a planned visit by US Secretary of State Anthony Blinken. Through export restrictions and embargoes, Washington has restricted China’s access to technology related to semiconductors and artificial intelligence.

Beijing also faces continued scrutiny over its friendship with Russia and its reluctance to condemn the Ukraine invasion.

Criticizing its foreign policy, Li said China would “resolutely pursue an independent foreign policy of peace”. Li said China had successfully countered “external efforts” to limit China’s growth and would focus on building “self-reliance” in science and technology in an effort to become a global technological power, without mentioning U.S. restrictions.

Reiterating China’s claims on Taiwan’s self-governing democracy and the need to improve the military readiness of the People’s Liberation Army, Li described familiar terrain in the mission statement. The budget released on Sunday said defense spending would rise 7.2 percent to 1.56 trillion yuan ($230 billion), in line with increases over the past two years.

In two sessions, officials will announce the government’s biggest leadership reshuffle in a decade, including a new economic team to contend with a persistent asset crunch, rising unemployment, an aging population and declining consumer and investor confidence. China’s economy Only 3 percent grew Last year, it missed the 5.5 percent target.

Officials are expected to approve a “reform plan” of party and state institutions that would give the party more control in target-critical areas such as technology, financial regulation and national security, Xi’s main focus.

The new appointments include Li Keqiang, China’s new premier — an ally of Xi’s and a former Shanghai party secretary who oversaw a chaotic lockdown on the city that swayed national public opinion on a zero-Covid policy.

In his speech on Sunday, outgoing Premier Li Keqiang, sidelined by Xi for most of his tenure, made no mention of the sudden abandonment of policy. Going forward, Li said the country’s coronavirus measures should be more “scientific” and “targeted”.

Parliament on Sunday proposed amendments to the legislative procedure during the state of emergency that would allow its decision-making standing committee to avoid multiple rounds of debate before enacting legislation. Almost certain to pass is the proposal, which would allow a small group of top lawmakers to pass controversial legislation with minimal oversight or public input.

The National People’s Congress will continue till March 13.

Vic Chiang and Christian Shepherd in Taipei, Taiwan contributed to this report.

Norfolk Southern derailed in Springfield, Ohio; The railway company said there were no dangerous goods on board

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Nearby residents were asked to stay put after a Norfolk Southern train derailed near a freeway in the Springfield, Ohio area on Saturday.

Norfolk Southern confirmed in a statement to CBS News that 20 cars of the 212-car train derailed. The railway company said there were no hazardous materials on board the train and there were no injuries.

The Clark County Emergency Management Agency said residents within 1,000 feet of the derailment were asked to shelter in “an abundance of caution.” The derailment occurred near State Route 41.

Clark County said more than 1,500 residents were without power due to the derailment.

A Norfolk Southern train derailed in Springfield, Ohio. March 4, 2023.

John Shawan/Twitter


Transportation Secretary Pete Buttigieg Tweeted On Saturday night, he was notified by Federal Railroad Administration employees of the derailment and spoke to Ohio Governor Mike DeWine.

“No hazardous material release has been reported, but we will continue to monitor closely and FRA personnel are on the way,” Buttigieg said.

A tweet, In addition to speaking with Boutique, DeWine said he also received a phone call from President Biden. “We do not believe that hazardous materials were involved,” Devine reiterated. He said several government agencies were at the scene.

On 3 February, a Norfolk Southern train carrying dangerous goods Derailed In a fire in Ohio, East Palestine. Of the 38 derailed cars, 10 contained hazardous materials. Hundreds of residents were evacuated and crews later conducted a controlled release of toxic chemicals. Vinyl chlorideRisk of explosion due to derailment.

State and federal officials have faced significant criticism over their response to the East Palestine incident Concerned locals Contamination in the area can pose significant long-term health risks. Buttikiek was also criticized for not visiting East Palestine Up to three weeks After the derailment.

The Environmental Protection Agency has so far said air quality in East Palestine remains stable At safe levels. However, on Thursday the EPA said it had ordered Norfolk Southern Conduct dioxin tests At the derailment site, if those dioxin levels are found to be at unsafe levels, it is will order An instant cleanup.

Springfield is about 200 miles southwest of East Palestine.

Haley broke Trump’s spending record in a closed-door speech Saturday

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Nikki Haley will ding former President Trump when she addresses a powerful conservative group on Saturday — and she’ll take aim at other 2024 contenders who have yet to enter the race.

Haley, who launched her White House campaign in mid-February, will speak at the Club for Development donor retreat in Palm Beach, Fla. — an event Trump was not invited to.

“I know there’s a Republican candidate you didn’t invite to this convention,” Haley would say, according to comments shared with The Hill. “I appreciate being the one you invited.”

Haley will chide Trump for his spending record during his White House years.

“The last two Republican presidents have added more than $10 trillion to the national debt. Think about that. “A third of our debt has gone under two Republicans,” said Trump and former President George W. Haley would say, referring to Bush.

His comments included a sharp reference to Congress marks and unnamed “self-dealing politicians”.

Trump’s spending record while in office is a point vulnerable to conservatives trying to take back the White House.

The Manhattan Institute, a conservative think tank, noted that Trump’s actions in his single term “are projected to cost $7.8 trillion over the decade, compared to $5.0 trillion for President Obama and $6.9 trillion for President Bush.”

Trump’s defenders note that the bulk of his spending came in response to the exceptional circumstances of the Covid-19 pandemic, which took hold in the final year of his presidency.

Haley served as US ambassador to the United Nations in the Trump administration, but had a complicated political relationship with him.

On January 6, 2021, she criticized him in the wake of the Capitol riots, but later said she would not run against him for the GOP nomination in 2024 if he entered the race — a move she eventually reversed.

In his early days on the campaign trail, he broke away from the “status” and took the position that Trump was relevant to his particular time, but that the nation needed to move on.

He has proposed making mental fitness tests mandatory for politicians over 75 years of age. Trump is 76 years old and President Biden is 80 years old.

Trump and Haley are the only major candidates in the Republican Party so far, though conservative businessman and author Vivek Ramasamy has recently joined.

Speculation is swirling around several big Republican names, most notably Florida Governor Ron DeSantis.

Former Vice President Pence, former Secretary of State Mike Pompeo and Sen. Tim Scott (SC) may also participate in the tournament.

In her Club for Growth talk, Haley “looks at the people who are huddled on the sidelines, waiting to decide what to do.”

She will urge donors to the group to support her, urging them not to “wait for guys sitting on the sidelines who can’t make up their minds.”

Much of Haley’s speech was attributed to his own belief in fiscally conservative policies and his willingness to fight entrenched interests in pursuit of those policies.

He’ll also say he’s “not afraid” to talk about Social Security and Medicare reforms, though his address isn’t specific.

There is a fair share of political intrigue behind the Club for Growth phenomenon.

The donor retreat is taking place at the same time as CPAC — the Conservative Political Action Conference — convenes outside Washington, DC.

CPAC has taken on an increasingly pro-Trump flavor in recent years. It has been embroiled in controversy after allegations of sexual assault were made against its frontman Matt Schlapp. Schlapp denies the allegations.

Several other GOP presidential candidates stayed away from CPAC this year, including DeSantis, Pence, Scott and South Dakota Gov. Christy Nome.

Haley spoke on Friday, but received a polite rather than rapturous reception during the speech. As he walked around the venue, he was met with chants of “We love Trump”.

Trump will lead CPAC with a speech on Saturday afternoon.

Trump has had a tumultuous relationship with the Club for Growth and its president, David McIntosh. The two were once close, but last month McIntosh said the GOP should be “open to another candidate.”

Trump fired back in a social media post, complaining that the “Club for No Growth is a bunch of political misfits, globalists and losers.”

Meanwhile, DeSantis spoke at a Club for Growth event on Thursday.

DeSantis travels to Iowa next week, for the first time this campaign cycle. He has not spoken much publicly about the 2024 campaign, but is considered a certainty to enter the race.

In her speech, Haley will take on congressional Republicans and potential presidential contenders.

“Don’t let the media tell you that Republicans and Democrats can’t work together,” Haley would say, “and they always seem to work better when they spend your money.”

How the fall of Roe made North Carolina an abortion hot spot

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North Carolina’s political conflict over abortion is epitomized by two leaders: its Democratic governor, Mr. Cooper and Republican Speaker of the House of Representatives Tim Moore.

Former Attorney General Mr. Cooper wants to preserve the state’s current law. He has ordered additional protections, including barring the deportation of anyone involved in legal abortions in North Carolina.

But Republican dominance in the Legislature means Mr. Cooper’s most powerful tool. “Our law is now restrictive enough in North Carolina,” Mr. Cooper said in a February interview.

Referendum Explains State’s Political Friction: Latest Meredith College poll 57 percent of respondents wanted to preserve North Carolina’s current abortion law or expand it beyond the 20-week limit. About 35 percent of those surveyed supported changing abortion access at 15 weeks or less.

Mr. Moore said.

Mr. Even Moore said recently Internet A swing Democrat, who he declined to name, was willing to vote for a 12- or 13-week restriction. That shortcut is significant because House Republicans are one vote shy of a majority that would allow them to override a veto.

For now, even North Carolina residents are feeling the effect of the bans in neighboring states: When Maria, 31, who lives outside Asheville, learned she was unexpectedly pregnant in late June, she knew one child was more than she could handle. Handle. Maria, who did not want to give her full name because her family opposed the abortion, says she is dealing with depression and has several other medical conditions.

She called the nearest abortion clinic, which happened to be in Asheville. The wait, she was told, was two months. Then she called two clinics in Charlotte, a two-hour drive away. One did not respond. The other said he can take it next month. She made an appointment.

How Ariana Maddix Discovered Tom Sandoval Was Cheating On Her With Rachel Lewis

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TV

March 3, 2023 | 10:16 p.m

Ariana Maddix discovered that Tom Sandoval was cheating on her when she went on her phone.tomsandoval1/Instagram

Ariana Maddis found out that Tom Sandoval had been cheating on her after discovering a sexually explicit video sent by Rachel Lewis on her phone, Page Six can confirm.

Madix found out about their “months-long” affair when a selfie video popped up on her phone minutes after she saw her beau’s band, Tom Sandoval & The Most Extras, perform on Wednesday night. People said Friday.

On the outlet, the “Vanderpump Rules” star then scrolled through the text thread, where she read their history of inappropriate messages. Immediately, she and Sandoval left the scene.

A source previously told Us that Maddicks is “heartbroken” over the affair and doesn’t seem to have “any problems” with her.

“Ariana was blindsided by the cheating,” the source told Us , adding that they’ve been “publicly affectionate lately.”

Raquel Leviss sent him a sexually explicit selfie-style video, which Mattix saw on Wednesday.
Instagram/@raquelleviss

In fact, moments before Sandoval discovered the texts about her relationship with Medics, Page Six said, “We’ve definitely had our ups and downs, but I think we’ve been really good at respecting each other.”

Sandoval noted that he and Maddix “just have each other’s backs within reason” and added, “I think it worked, you know?”

Meanwhile, Maddicks feels “betrayed” by Levis, a former “one for her,” when she calls off her engagement to co-star James Kennedy.

The 37-year-old kicked Sandoval out of her Los Angeles home because she was photographed packing her suitcases into a friend’s car and driving away.

Upon discovering their “monthly” affair, Mattix promptly ended things.
Instagram/ Tom Sandoval
She also kicked him out of their house.
Nicole Weingart/Bravo

On Friday, Bravo fans were shocked when news broke that one of the show’s strongest couples had called it quits on Levis, 28.

An insider told us that Levis, 39, and Sandoval had been “inappropriately interacting for months” in August 2022, before the former beauty queen shared a smooch with her best friend Tom Schwartz.

Their affair “started last summer” when Levi allegedly “slept over Tom and Ariana’s house while Ariana was out of town.”

Sandoval and Levi’s affair began in the summer.
Instagram/ Raquel Leviss

For more Page Six reality TV updates…


Following the end of their relationship, fellow “VPR” co-stars took to social media to express their support for Madix.

Lala Kent and Levi’s ex-fiance James Kennedy called on fans to boycott Sandoval’s show tonight, while Sandoval’s ex, Kristen Dowd, declared herself “Team Ariana.”

“Karma is really coming, so Rahul has to go home,” Dowd added.

Even Jax Taylor, known as the show’s villain, slammed his nemesis Sandoval, saying, “I’ve called a lot of things on the show that people don’t believe… Everything I say always ends up being true.. #pumprules. “

Neither Santovalo nor Levis have spoken about their affair. Maxit has deleted all his social media.


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Attorney General Merrick Garland made an unannounced trip to Ukraine

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(CNN) Attorney General Merrick Garland did Unannounced trip to Ukraine Friday, according to a Justice Department official, was his second trip to the country since Russia invaded a year ago.

The official said the trip was unannounced for security reasons.

Garland was invited to Livy By the Ukrainian attorney general, the official said, and joined President Volodymyr Zelensky at the “United for Justice conference.”

Garland “held several meetings and reaffirmed our determination to hold Russia accountable for its unjust and unprovoked aggression against its sovereign neighbors,” the official added.

The trip comes two weeks after President Joe Biden made his first trip to Ukraine since the war began and was one of several by members of Biden’s cabinet. Treasury Secretary Janet Yellen also recently visited Ukraine and met with Zelensky.

The attorney general last visited Ukraine in June to seek U.S. assistance in finding and prosecuting war criminals. During that trip, Garland announced that he was appointing Eli Rosenbaum, America’s top “Nazi hunter,” to lead a Justice Department team to find and punish war criminals.

On Wednesday, Garland testified before the Senate Judiciary Committee that he believes the Russian government is committing crimes against humanity and that the Justice Department supports Hague’s efforts to investigate and prosecute those crimes.

“The US supports what is now being created in The Hague with funding from Eurojust, and is exploring the possibility of creating that court. [to charge crimes of aggression,]Garland testified.

“There are concerns that we have to take into account about how it handles our own service members and other situations,” he continued. “We have to be sure that there are appropriate security measures in place. But we support different ways of investigating war crimes, crimes against humanity and potential crimes against aggression.”

The Justice Department has taken several steps to hold the Russian government and its supporters accountable since the invasion began.

The Justice Department’s task force KleptoCapture — made up of federal prosecutors, investigators and investigators — has worked for the past year to target the complex web of wealth surrounding Russian oligarchs and Kremlin insiders. Since the start of the war, the Justice Department has seized more than $500 million in boats, property and other assets from those who support the Russian government and have evaded U.S. sanctions.

The department has brought more than 30 indictments against alleged supporters of the Kremlin and the Russian military, the department said, some of which directly linked individuals to supporting the war in Ukraine.

This story has been updated with additional reporting.

Market rally returns bullishly, what to do now; AI Stocks Rise Into Buy Zone| Investor Business Daily

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Dow Jones futures rose modestly, along with S&P 500 futures and Nasdaq futures, as Treasury yields retreated from February’s ISM services index. Broadcom (AVGO) and the hot AI drama C3.ai is a major overnight earner..




X



Even as the 10-year Treasury yield ran decisively above 4%, the stock market rally roared back from early Thursday. A generally weak open turned into a solidly positive day as a Fed official backed a quarter-point move.

Salesforce.com (CRM) raised the Dow. Tesla (D.S.L.A) underweighted the S&P 500 and the Nasdaq.

Some stocks, including Salesforce, showed buy signals. But market bullishness is still under pressure as key tests loom.

Broadcom (AVGO) and play artificial intelligence C3.ai (AI) and Veritone (Information) reported Thursday night.

More details about Tesla’s Mexico factory emerged overnight.

A video embedded in this article reviews Thursday’s market action and examines CRM stocks, AHER test systems (ahr) and Dexcom (DXCM)

Dow Jones Futures Today

Dow Jones futures rose 0.3% vs. fair value. S&P 500 futures rose 0.4% and Nasdaq 100 futures rose 0.45%.

The 10-year Treasury yield fell 7 basis points to 4.01%.

The ISM will release its nonmanufacturing index at February 10 ET. A warm January ISM services index on February 3, along with a jobs report, helped pull back the market’s gains.

Remember that overnight action in Dow futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.

Main revenue

AVGO stock rose in extended trading after Broadcom topped earnings and Q2 earnings guidance. Broadcom shares rose 0.9% to 598.65 in Thursday’s regular session, recently rebounding from the 50-day/10-week lines above the 21-day line. AVGO stock has a 617.11 handle buy point in a long consolidation. But the chip and software maker is right at an early entry.

AI stock rose 18% in pre-market trading, as C3.ai earnings results topped views and the company led the rise. AI stock rose 2.8% to 21.31 on Thursday after sliding below its 21-day line on Wednesday. A powerful rebound on Friday could provide an aggressive entry for AI stock after it broke the trendline from its February open.

VERI stock rose nearly 8% overnight. Veritone revenue and earnings missed, but new bookings rose 141%. Shares fell 1.2% to 6.36 on Thursday. Veritone stock cleared a low in late January and rose for a few days before falling again. VERI stock is now below the 50-day and 200-day lines.

Costco Wholesale (cost), Nordstrom (JWN) and Zscaler (ZS) has also been reported. COST stock fell 2% and Nordstrom was little changed on mixed results. ZS stock falls as billings fail to impress. All three closed below 200-day lines.


Join IBD experts as they analyze the stocks that could act on the stock market rally on IBD Live


Stock market rally

The Dow Jones Industrial Average rose 1.05% in stock market trading Thursday. The S&P 500 index rose 0.8%, with Salesforce and DXCM stocks the best performers and Tesla the worst of the day. The Nasdaq composite advanced 0.7%. The small-cap Russell 2000 rose 0.2%.

U.S. crude oil prices rose 0.6% to $78.16 a barrel, a third straight session high. Gasoline futures rose nearly 1%, up 14.5% so far this week.

The 10-year Treasury yield rose 8 basis points to 4.07%, finishing above the 4% level for the first time since Nov. 9. Lower-than-expected US jobless claims and higher-than-expected Eurozone inflation. The 10-year yield is not far from October’s 15-year high of 4.33%.

Atlanta Fed President Rafael Bostic said he would “definitely” support a quarter-point hike at the March meeting, after many policymakers either supported or were open to a half-point move. Bostick is a non-voting member in 2023.

Markets firmly expect at least three more quarter-point Fed rate hikes, but there is a good chance of a 50-basis-point move in March or May. Some now favor a fourth-quarter point hike at the July meeting. That would bring the Fed funds range up to 5.5%-5.75% from 4.5%-4.75% today.

ETFs

Among growth ETFs, the innovator IBD 50 ETF (FFTYUp 0.1%. iShares Expanded Technology-Software Sector ETF (IGV) up 2.4%. The CRM stake is a major IGV holding. VanEck Vectors Semiconductor ETF (SMH) closed up 0.9% after falling Thursday morning.

Reflecting the more speculative story stocks, the ARK Innovation ETF (ARKK) rose 1.2% and the ARK Genomics ETF (ARKGrose 0.4%. Tesla shares are a major holding across ArcInvest’s ETFs.

SPDR S&P Metals & Mining ETF (XME) rose 0.4% and the Global X US Infrastructure Development ETF (sidewalk) advanced 1.2%. US Global Jets ETF (JETS) rose 0.45%. SPDR S&P Homebuilders ETF (XHBincreased by 0.7%. Energy Select SPDR ETF (XLE) warmed up to 0.9% and fund pick SPDR ETF (45fell 0.5%. Health Care Select Sector SPDR Fund (XLV) gained 0.6%. DXCM stock is part of the XLV ETF.


Five Best Chinese Stocks to Watch Now


Tesla stock

Tesla shares fell 5.85% to 190.90, moving below the 21-day line for the first time since Jan. 19. From a technical perspective, TSLA stock may offer a shakeup. When the 200-day line breaks below the Feb. 16 high of 217.65 it could capture the 50-day line. A decisive move above those levels would provide an aggressive entry.

But Tesla more than doubled from its Jan. 6 high of 101.81 on three factors: the Tesla Investor Day buzz, demand for price cuts and a general market rebound, led by high-value growth stocks.

But Tesla’s investor day on Wednesday was largely a non-event, with no new EV design on display, let alone the idea that a low-cost model could be in production.

(Tesla on Wednesday night confirmed plans to build an EV plant in northeastern Mexico. Construction would begin in three months, a Mexican official said Thursday night, adding that the site would be twice the size of the Austin plant.)

Tesla orders initially rose in January on global price cuts and US tax credits. But demand appears to be slowing again, at least outside of the Model Y in the US, as backlogs shrink and more discounts appear.

In fact, Tesla has started offering new discounts on several Model 3 and Y trucks in several European countries. This follows the Model 3 price cut in Denmark a few days ago.

Finally, the growth-led market rally has cooled in recent weeks.

Market rally analysis

The stock market rally looked to be in real trouble at Thursday’s open, as the S&P 500 broke its 200-day line. The Nasdaq composite, which fell below its 200-day line on Wednesday, is moving toward its 50-day line. Even the Russell 2000 tested its 10-week range.

But even as Treasury yields rose, major indexes improved quickly and then turned broadly positive in the afternoon. That’s despite Treasury yields rising and megacap TSLA shares having a bad day.

The S&P 500 regained its 50-day range, while the Nasdaq returned above its 200-day range. Dow Jones led CRM stock’s 11.5% gain in earnings, but it’s still close to 2023. The Russell 2000 closed slightly below its 21-day moving average, where it hit resistance for several days.

The Russell, Nasdaq and S&P 500 should decisively recover their 21-day lines to provide reasonable evidence that the market rally is regaining momentum. The February 2 high will be the next big test above that.

Leading stocks, which have outperformed indices over the past month, also showed strength on Thursday. In addition to the CRM role, Octa (OKTA) gap from revenue base. DXCM shares flirted with buy signals. Builders First Source (BLDR) is destroyed by a long integral. Many extended moves from buy areas or shifted positions.

But if the codes break down further, so will the leaders. If Treasury yields are high, it’s hard to see the major indices holding up. Friday’s ISM services index and market reaction to that report will be crucial.


Time the market with IBD’s ETF Market Strategy


What to do now

The stock market rally got a much-needed hit on Thursday. Several leading stocks showed buy signals as major indices gained momentum.

But the bull market is still under pressure. The S&P 500 and Nasdaq had a worse day than the key levels.

Investors should be careful about adding exposure. If the S&P 500 and Nasdaq move above their 21-day lines, you can gradually rebuild your portfolio.

Now, you want to quickly reevaluate your watchlists.

With the market in such a tight trading zone, a decisive move could come soon. So be flexible and alert.

Read the big picture every day to stay in tune with market direction and leading stocks and sectors.

Follow Ed Carson on Twitter @IBD_ECarson For stock market updates and more.

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200-Day Average: Last Line of Support?

76ers vs. Mavericks – NBA Game Recap – March 2, 2023

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DALLAS — Luka Doncic scored 42 points, Kyrie Irving added 40 and a pair of rookie All-Stars led the Dallas Mavericks to a 133-126 victory over the Philadelphia 76ers on Thursday night.

As Joel Embiid scored 35 points for the 76ers, who were playing a night without the All-Star center in Miami, Danzig won the NBA’s top two scorers.

Irving and Doncic became the first Dallas teammates to score at least 40 in a game.

They each scored 20 points in the first half, combined for 45 points, then scored 10 points in the first 102 seconds of the third quarter to start a 20-4 run that put Dallas ahead 91-71.

The 76ers scored the first 15 points of the fourth quarter to pull within four with Embiid and James Harden watching from the bench, bringing Donczyk back into the game earlier than planned.

Doncic’s 12-assist comeback sparked Irving with a three-point play and a deep 3-pointer before Doncic took a 119-108 lead. They combined to go 13 of 21 from deep.

The franchise’s first pair of All-Star starters, who won together for the second time in six games since Irving arrived in a blockbuster trade with Brooklyn, also got others involved.

Five other Mavericks hit 3-pointers as Dallas finished with a season-high 25 3s on 48 attempts (52%).

Harden hit his first 11 shots — including five 3s and six free throws — and finished the first half with 19 points and 10 assists.

The 10-time All-Star guard was limited to eight points and three assists after the break and had two of his six turnovers in the fourth quarter — by Doncic and a steal by Irving — as Dallas rebuilt its lead.

Tips

76ers: Tyrese Maxey scored 29 points. … Jalen McDaniels picked up three fouls in 14 seconds and four in less than a minute in the third quarter. McDaniels ran through Maxi Kleber’s screen on his fourth-and-five, two seconds after he and coach Doc Rivers complained about a call when he knocked the ball out of Doncic’s hands.

Mavericks: Reggie Bullock (15 points) and Christian (10) scored in double figures. … Maxie Kleber and Tim Hardaway Jr. each went 2 of 4 from 3, with Kleber scoring nine and Hardaway eight.

next

76ers: The third game of a five-game road trip, and the third game in four nights, Saturday at Milwaukee.

Mavericks: Phoenix visited Sunday for the first meeting between Kevin Durant and Irving, both traded by Brooklyn.

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AP NBA: https://apnews.com/hub/NBA And https://twitter.com/AP–Sport