(NewsNation) — The lawsuit at the center of the so-called Wall Street sex scandal is moving from state court to federal court, a shift that legal analysts say could reshape the high-profile legal battle between a former JPMorgan employee and a bank executive he accused of sexual misconduct.
A judge recently ruled that the case can proceed in federal court,
» Read more about: Wall Street sex scandal case goes to federal court »
Two separate company stories combined to unsettle sentiment across the sector this week. TSMC reported second quarter results on 16 July 2026 that beat Wall Street estimates on revenue, and the company raised its full year capital expenditure guidance to between 60 billion and 64 billion US dollars,
» Read more about: Why are tech stocks falling today? What the chip sell off means for investors »
The stock market opened in the red on Monday as US and Iran traded attacks over the weekend. The military attacks kept mood at the Dalal Street sombre with Brent crude oil trading near the $85 per barrel mark, raising fears of supply disruption on critical shipping routes.
Sensex crashed 629 pts to 77,522 and the 50-stock Nifty slipped 160 pts to 24,172.
» Read more about: Sensex, Nifty: Why stock market tumbled in opening deals today »
The low-volume shipments have sparked a sharp political divide in Washington over the enforcement of technology blockades against Beijing.
» Read more about: Nvidia Starts H200 AI Chip Shipments to China as US Approves Limited Exports »