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A 12-year-old girl has been charged with first-degree m¥rder and tampering with evidence after allegedly k+lling her 8-year-old cousin over an iPhone.

The tragic incident occurred on Monday, July 15, 2024 in Tennessee, USA.

The girl, who hasn’t been publicly named due to her age, was charged after the emergence of disturbing surveillance footage.

In the video, the 12-year-old was allegedly captured s¥ffoc@ting her 8-year-old cousin, named Demeria Hollingswort, in a bunk bed that they were sharing at their grandmother’s home in Humbodlt, Tennessee.

Gibson District Attorney Frederick Agee in a statement said, “After the child di£d, the juvenile cleaned up the victim and repositioned her body.”

A relative told WREG-TV in Memphis that the girls had been arguing over an iPhone after coming from out of town to stay with their grandmother for the summer.

Agee said the defendant would be tried as an adult due to the extreme nature of the case.

“I consider this to be one of the most disturbing vi%lent acts committed by either an adult or juvenile that my office has prosecuted,” Agee added.

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The S&P 500 and Nasdaq were higher at midday Monday, rebounding from last week's tech selloff, with key tech earnings due later in the week. The Dow was little changed.

Nvidia (NVDA) shares rose, with the artificial intelligence (AI) chipmaker reportedly making a version of its Blackwell chip for the Chinese market compliant with U.S. export controls.

Tesla (TSLA) shares also gained ahead of the electric vehicle (EV) maker's earnings report Tuesday, after the company reported encouraging deliveries numbers earlier this month.

IQVIA (IQV) shares jumped after the healthcare industry analytics firm beat profit and sales estimates and raised its outlook on rising demand. 

Vista Outdoor (VSTO) shares gained as the maker and marketer of sporting and outdoor products received a higher offer for its Kinetic Group unit from Prague-based defense company Czechoslovak Group.

Shares of CrowdStrike (CRWD) tumbled, extending Friday's losses following the cybersecurity firm's update that caused a global tech outage. Delta Air Lines (DAL) was among the companies still being impacted by it, and the carrier’s shares were lower as well.

Oil and gold futures fell. The yield on the 10-year Treasury note advanced. The U.S. dollar rose against the pound but fell to the euro and yen. Prices for most major cryptocurrencies were lower.

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Source: Harvard Health Publishing

Truist Financial (TFC) on Monday posted second-quarter profit that fell by a third from last year, but its stock rose as adjusted earnings per share (EPS) beat analysts' expectations.

The financial services firm reported net income of $826 million, down from $1.23 billion a year earlier. EPS came in at $0.62, significantly below the $1.10 consensus of analysts compiled by Visible Alpha, and net interest income slid 2% year-over-year to $3.58 billion. 

The net income drop is partially attributable to the sale of a securities portfolio that resulted in $5.1 billion in after-tax losses, along with an after-tax donation of $115 million to the Truist Foundation.

However, adjusted EPS came in at $0.91, topping analysts' expectation of $0.85. 

“In the second quarter, we continued to see solid momentum in our core banking businesses as evidenced by strong year-over-year growth in investment banking and trading revenue and continued expense discipline,” Chief Executive Officer (CEO) Bill Rogers said.

“While loan demand does remain muted, we are encouraged by an improvement in our dialogue with clients and our expanded capacity to support their needs,” he added. 

Shares of Truist climbed about 3% to $43.64 as of 12:41 p.m. ET Monday. They are up 18% in 2024.

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Nvidia (NVDA) shares climbed in intraday trading Monday as chip stocks rebounded from losses during last week's sell-off, helping boost the S&P 500 and Nasdaq.

The gains came amid reports Nvidia is making a version of its artificial intelligence (AI) chip for the Chinese market compliant with U.S. trade restrictions, after worries about tougher trade restrictions and geopolitical tensions fueled a sell-off in chip stocks last week.

Several analysts also raised their price targets for Nvidia stock Monday, anticipating strong results from the chipmaker's earnings report next month and demand for Nvidia's products.

Piper Sandler analysts reportedly raised their price target for Nvdia stock to $140 from $120, citing Nvidia's second-quarter earnings report set for Aug. 28 as a potential growth catalyst and strong demand for the company's products. Loop Capital analysts also lifted their target to $175 from $120.

Shares of Nvidia were up about 2.5% at $120.86 around 11:30 a.m. ET on Monday and have more than doubled in value since the start of the year.

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