Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
U.S. President Donald Trump has hinted at a major announcement later this week, without offering any details, during a wide-ranging Oval Office exchange with Canadian leader Mark Carney.
U.S. President Donald Trump stated on Monday that a major announcement could be made later this week, though he did not specify the topic or provide further details. Speaking from the Oval Office alongside Canadian Prime Minister Mark Carney, Trump indicated the announcement may come on Thursday, Friday, or Monday, ahead of his upcoming trip to the Middle East.
While the nature of the announcement remains unclear, Trump described it as “very positive.” The administration has been engaged in ongoing trade negotiations with multiple countries, leading to speculation that the statement could be related to trade or economic policy.
During the meeting, Trump addressed U.S. trade relations, saying that the country is in a strong position and that it is not necessary to sign agreements unless they are favourable. “They want a piece of our market. We don’t want a piece of their market,” he said, referring to ongoing international trade discussions.
The conversation also included references to Canada’s role in global defence efforts, with Trump noting increased military participation by Canada. At one point, Trump made a remark about Canada becoming the 51st U.S. state. Carney responded by stating, “Some places are never for sale,” and added that cooperation between the two nations should focus on partnership.
Carney said the visit was aimed at improving bilateral ties, which have faced challenges in recent years due to tariff policies and political rhetoric. The two leaders spoke about strengthening collaboration and addressing shared priorities.
Trump also commented on Carney’s recent election victory, describing it as a major political comeback and offering his congratulations. Carney expressed appreciation for the meeting, noting the importance of cooperation between Canada and the United States.
In response to a question about Canada’s primary concession in talks, Trump answered, “Friendship,” without elaborating further.
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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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