The Daily Factum
Deprogramming the News
Breaking News
Mixed Results for Stock Market: Dow Jones Surges, S&P 500 and Nasdaq Decline; Nvidia Drops After Becoming Most Valuable Company
Broke On: Thursday, 20 June 2024The Dow Jones Industrial Average posted its best weekly gain since May, while the S&P 500 and Nasdaq finished lower. Nvidia's 3.54% drop on June 21 made it the most significant contributor to the decline, with other tech stocks like Dell Technologies and Super Micro Computer also experiencing losses due to reports of server orders for Elon Musk's AI startup. The economic data showed a decrease in new unemployment claims but an increase in overall number of people on benefits rolls. The Federal Reserve's comments on interest rates influenced market movements. 
Judge Cannon to Address Controversial Appointment of Special Counsel Jack Smith in Trump Case
Broke On: Thursday, 20 June 2024Judge Aileen Cannon to hold hearing on legality of Special Counsel Jack Smith's appointment in Trump-DOJ case. Trump's team argues Garland lacked Senate approval, while Smith's deputies cite constitutional authority for agency heads to name 'inferior officers'. The outcome could impact the ongoing investigation into Trump's handling of classified documents. 
Heat Wave Breaks Records: Over 100 Million Americans Affected, Midwest and East Coast Brace for Scorching Temperatures
Broke On: Friday, 21 June 2024A heat wave is breaking temperature records across the eastern US, with over 100 million people under heat alerts. The Midwest and Mid-Atlantic regions are experiencing extreme heat, reaching up to 95 degrees Fahrenheit in cities like Chicago and New York City. Wildfires continue to burn in New Mexico, destroying over 1,400 structures and claiming at least two lives. A cold front is expected to bring relief starting tomorrow. Five Men Convicted for Operating Illegal Streaming Service Jetflicks, Amassing $Millions in Subscription Revenue and Hosting Hundreds of Thousands of Copyrighted TV Episodes
Broke On: Monday, 01 January 2007Five men, including Kristopher Dallmann, Douglas Courson, Felipe Garcia, Jared Jaurequi, and Peter Huber, were convicted for operating an illegal streaming service called Jetflicks since 2007. The group reproduced and distributed hundreds of thousands of copyrighted TV episodes without authorization, generating millions in revenue. Dallmann faces up to 48 years in prison while others could get five years each. Jetflicks charged $9.99/month and used software to download illegal copies from pirate sites. 
Judge Dismisses Charges Against Nevada Republicans Falsely Declaring Trump 2020 Win
Broke On: Friday, 21 June 2024Judge Mary Kay Holthus dismissed charges against six Nevada Republicans who falsely declared Donald Trump as the winner of the state's 2020 presidential election. The judge ruled that state prosecutors had chosen the wrong venue for this case, as Clark County was not an appropriate jurisdiction. The defendants faced felony charges and were indicted in December 2023 for submitting certificates with false information to Congress. This dismissal marks the first time a case related to Trump's efforts to submit a false slate of electors has been dismissed. 
Southwest Plane Flies Unusually Low Over Oklahoma City Suburbs: FAA Investigates
Broke On: Friday, 21 June 2024A Southwest Airlines plane flying from Dallas to Oklahoma City descended unusually low, prompting an FAA investigation and alarm among residents in the Oklahoma City suburbs of Yukon. 
Two Dead, Eight Injured in Shooting at Mad Butcher Grocery Store in Fordyce, Arkansas: Suspect in Custody
Broke On: Friday, 21 June 2024Two people were killed and eight more were injured in a shooting at the Mad Butcher grocery store in Fordyce, Arkansas, around 11:30 a.m. One law enforcement officer was also injured but their condition is not life-threatening. The shooter is in custody after being critically injured by law enforcement. Nine civilians were shot in total and the suspect's identity and motive are yet to be determined. 
Newly Discovered Lokiceratops rangiformis: The Largest and Most Ornate Horned Dinosaur with Unique Features
Broke On: Friday, 21 June 2024In 2019, the largest and most ornate horned dinosaur ever discovered, Lokiceratops rangiformis, was unearthed in Montana. This new species inhabited swamps and floodplains around 78 million years ago and is now on display at the Natural History Museum of Utah. Unique features include absence of a nose horn, large blade-like horns on its frill, and an asymmetric spike. Named after Norse god Loki, researchers from Colorado State University and the Natural History Museum of Utah studied this dinosaur in the scientific journal PeerJ. 
NBA Offseason Trade: Bulls Send Caruso to Thunder for Giddey - Implications and Reactions
Broke On: Thursday, 20 June 2024The NBA offseason saw the Chicago Bulls trade guard Alex Caruso to the Oklahoma City Thunder for Josh Giddey. Caruso, in his final year of contract and extension-eligible, was acquired by the Thunder with long-term intentions. The Bulls, looking to contend with limited resources, traded Caruso for Giddey's potential despite criticism from some analysts. 
Bronny James' NBA Draft Prospect: Father LeBron's Decision Unaffected, Interest from Timberwolves, Mavericks, and Raptors
Broke On: Friday, 21 June 2024LeBron James' son, Bronny, is projected to be drafted in the second round of the NBA Draft despite missing part of his college basketball career at USC due to a cardiac arrest. Despite family connections and being praised by star player Paul George, Bronny has only worked out for a limited number of teams ahead of the draft. The NBA draft is set for June 23, 2024.
